Arathi
ActiveSummary
Arathi has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,000 and a net result of €22,471. Its solvency ranks better than 10% of 21,148 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-08-2018 Normal situation
- Activity
- Computer programming NACE 62100and 3 others
- Establishment unit
- 2.280.231.260 2235 Hulshout, since 29-08-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €68,507
- ▲ 85.6%
- Turnover
- ≈ €160,000
- estimated
- Profit
- €22,471
- ▲ 2.3%
- Equity
- €1,000
- ▼ 99.4%
- Total assets
- €111,949
- ▼ 55.6%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €111,949Liquidity: current ratio 0.83, cash €36,719, halvedShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 9% of them on solvency, 34% on liquidity, 58% on profitability and 3% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 85 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 18-03-2026 PDF all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 26% higher than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1,286 | €2,342 |
| Depreciation and write-downs of the year | €6,245 | €13,057 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,245 | €13,057 | ▲ 109% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €15,400 | - |
| Other operating charges640/8 | €374 | €1,783 | ▲ 376% |
| Non-recurring operating charges66A | €0 | - | - |
| Gross operating margin9900 | €36,906 | €68,507 | ▲ 85.6% |
| Operating profit (loss)9901 | €30,287 | €38,268 | ▲ 26.4% |
| Financial income75/76B | €5 | €0 | ▼ 99.6% |
| Recurring financial income75 | €5 | €0 | ▼ 99.6% |
| Financial charges65/66B | €801 | €2,763 | ▲ 245% |
| Recurring financial charges65 | €801 | €2,763 | ▲ 245% |
| Profit (loss) for the period before taxes9903 | €29,490 | €35,505 | ▲ 20.4% |
| Income taxes67/77 | €7,526 | €13,034 | ▲ 73.2% |
| Profit (loss) for the period9904 | €21,964 | €22,471 | ▲ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €21,964 | €22,471 | ▲ 2.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €252,125 | €111,949 | ▼ 55.6% |
| Fixed assets21/28 | €56,985 | €46,270 | ▼ 18.8% |
| Tangible fixed assets22/27 | €56,985 | €46,270 | ▼ 18.8% |
| Land and buildings22 | €20,607 | €19,467 | ▼ 5.5% |
| Plant, machinery and equipment23 | €1,649 | €1,244 | ▼ 24.6% |
| Furniture and vehicles24 | €3,700 | €4,105 | ▲ 11.0% |
| Leasing and similar rights25 | €31,029 | €21,454 | ▼ 30.9% |
| Current assets29/58 | €195,140 | €65,679 | ▼ 66.3% |
| Amounts receivable within one year40/41 | €30,691 | €26,656 | ▼ 13.1% |
| Trade receivables40 | €9,600 | €23,580 | ▲ 146% |
| Other amounts receivable41 | €21,091 | €3,076 | ▼ 85.4% |
| Cash at bank and in hand54/58 | €164,390 | €36,719 | ▼ 77.7% |
| Deferred charges and accrued income490/1 | €58 | €2,304 | ▲ 40× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €252,125 | €111,949 | ▼ 55.6% |
| Equity10/15 | €181,500 | €1,000 | ▼ 99.4% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €180,500 | €0 | ▼ 100% |
| Distributable reserves133 | €180,500 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €0 | €0 | - |
| Provisions and deferred taxes16 | - | €15,400 | - |
| Provisions for liabilities and charges160/5 | - | €15,400 | - |
| Other liabilities and charges164/5 | - | €15,400 | - |
| Amounts payable17/49 | €70,625 | €95,549 | ▲ 35.3% |
| Amounts payable after more than one year17 | €21,454 | €11,768 | ▼ 45.1% |
| Financial debts170/4 | €21,454 | €11,768 | ▼ 45.1% |
| Amounts payable within one year42/48 | €45,807 | €78,958 | ▲ 72.4% |
| Current portion of amounts payable after more than one year42 | €9,331 | €9,686 | ▲ 3.8% |
| Trade debts44 | €2,716 | €3,564 | ▲ 31.2% |
| Suppliers440/4 | €2,716 | €3,564 | ▲ 31.2% |
| Taxes, remuneration and social security45 | €11,796 | €8,675 | ▼ 26.5% |
| Taxes450/3 | €11,796 | €8,675 | ▼ 26.5% |
| Other amounts payable47/48 | €21,964 | €57,033 | ▲ 160% |
| Accrued charges and deferred income492/3 | €3,363 | €4,823 | ▲ 43.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €21,964 | €22,471 | ▲ 2.3% |
| + Depreciation and write-downs630 | €6,245 | €13,057 | ▲ 109% |
| Operating cash flow (approximation) | €28,209 | €35,528 | ▲ 25.9% |
| Investment in fixed assets (approximation) | - | -€2,342 | - |
| Change in cash | - | -€127,671 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,153 companies had the same profile as Arathi has now. Two years later, 1.7% had gone bankrupt and 96.1% were still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
The bankruptcy probability of Arathi itself is lower: 0.2% within 12 months. It rests on far more data about Arathi than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for Arathi. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Board 1
Statutory auditor 1
Owners and capital
Capital transactions
- 26-08-2024 Converted to unavailable equity · €1,000
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Tahtah Yassin |
|
| FIGURAD BEDRIJFSREVISOREN |
|
Network & group
Arathi shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Arathi. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
15-09
Gazette deed
Registered office moved from Elsene to HoutvenneAmendment of the articles · Power of attorney5 points ▸
- General meeting, 07-09-2026
- Registered-office move, 2235 Houtvenne, Vennekensstraat 76 (in het Vlaams Gewest)
- Amendment of the articles, 2
- Board meeting, “opdracht geven aan de ondergetekende notaris om de coördinatie van de statuten op te maken en te ondertekenen, in overeenstemming met het vorige besluit, en de…” (deed in Dutch)
- Power of attorney, Eskofin Accountantskantoor
26-08
Gazette deed
Appointment: FIGURAD BEDRIJFSREVISOREN (statutory auditor)Reappointment: Tahtah Yassin (director) · Legal-form conversion · Net-asset statement19 points ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap(BV)” (deed in Dutch)
- Other provision, 26-07-2024
- Net-asset statement, “staat van activa en passiva, niet meer dan drie maanden voordien vastgesteld” (deed in Dutch)
- Auditor appointment, FIGURAD BEDRIJFSREVISOREN
- Auditor report, “Norm Instituut Bedrijfsrevisoren bij omzetting rechtsvorm,inlichtingen en cijferanalyses,beperkte zekerheid,geen controleoordeel”, EUR (deed in Dutch)
- Approval, 30-06-2024, “verslag bedrijfsrevisor” (deed in Dutch)
- Accounting effect, 30-06-2024
- Other provision, “fiscale continuïteit en neutraliteit omzetting, BV Arathi is geen nieuwe vennootschap maar voortzetting CommV” (deed in Dutch)
- Other provision, “kennis verslagen en neerlegging, verschijners verklaren volledige kennis alle voormelde verslagen vóór verlijden” (deed in Dutch)
- Other provision, “wijzing partijen op artikel 14:13 WVV, voortdurende hoofdelijke onbeperkte aansprakelijkheid vennoten onder firma en gecommanditeerde vennoten voor verbinteniss…” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- The act holds 7 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 1050 Elsene until the act of 15-09-2026
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13015B0422/00P002 | Flanders | 1,048 m² | 1 · 138 m² | 9.1 m · 2 |