ARATO
ActiveSummary
ARATO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,496 and a net result of €16,798. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+7
Solvency95▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.87 against 2.48 in 2024; short-term debt: 21.7% and cash: 4.4% of total assets), and 29.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.1%
Return on assets
18%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
2 d late
2024
45 d early
2023
1 d early
2022
91 d late
2021
28 d early
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€65,496▲ 34.5%
2024 · €48,698
Total assets
€93,367▲ 9.8%
2024 · €85,024
Net result
€16,798▲ 59.7%
2024 · €10,516
Working capital
€37,762▲ 37.5%
2024 · €27,468
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,435▲ 215%€5,793▼ 73.0%€4,481▼ 22.6%€15,812▲ 253%€21,590▲ 36.5%
Net result€15,809▲ 233%€2,510▼ 84.1%€1,976▼ 21.3%€10,516▲ 432%€16,798▲ 59.7%
Equity€43,696▲ 56.7%€46,206▲ 5.7%€48,182▲ 4.3%€48,698▲ 1.1%€65,496▲ 34.5%
Total assets€71,613▲ 11.2%€102,667▲ 43.4%€99,340▼ 3.2%€85,024▼ 14.4%€93,367▲ 9.8%
Debt€27,917▼ 23.5%€56,461▲ 102%€51,158▼ 9.4%€36,326▼ 29.0%€27,871▼ 23.3%
Working capital€30,275▲ 53.5%€28,726▼ 5.1%€30,695▲ 6.9%€27,468▼ 10.5%€37,762▲ 37.5%
Staff (FTE)0.2
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,367
Fixed assets
€35,389 ▼ 9.3%
Current assets
€57,978 ▲ 26.0%
Equity and liabilities €93,367
Equity
€65,496 ▲ 34.5%
Debt
€27,871 ▼ 23.3%
Debt's share of the balance-sheet total falls from 42.7% to 29.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,702▲
2024 · €30,104
Cash flow
€25,910▲
2024 · €24,808
Current ratio
2.87▲
2024 · 2.48
Quick ratio
2.00▲
2024 · 1.54
Debt to equity
0.43▼
2024 · 0.75
ROE
25.6%▲
2024 · 21.6%
ROA
18.0%▲
2024 · 12.4%
Interest coverage
93.31▲
2024 · 30.61
Debt ≤ 1 year
€20,216▲
2024 · €18,550
Debt > 1 year
€7,655▼
2024 · €17,776
Income taxes
€4,463▼
2024 · €4,704
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,866 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €4,311 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,280 | €10,091 | €14,142 | €14,292 | €9,112 | ▼ 36.2% |
| Other operating charges640/8 | - | €622 | €694 | €604 | €1,130 | ▲ 87.2% |
| Gross operating margin9900 | €56,601 | €20,816 | €19,317 | €30,708 | €31,833 | ▲ 3.7% |
| Operating profit (loss)9901 | €21,435 | €5,793 | €4,481 | €15,812 | €21,590 | ▲ 36.5% |
| Financial income75/76B | - | - | €174 | €392 | €0 | ▼ 99.9% |
| Recurring financial income75 | €2 | - | €174 | €392 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | €2,294 | €2,083 | €983 | €329 | ▼ 66.5% |
| Recurring financial charges65 | €1,990 | €2,294 | €2,083 | €983 | €329 | ▼ 66.5% |
| Profit (loss) for the period before taxes9903 | €19,447 | €3,499 | €2,573 | €15,221 | €21,261 | ▲ 39.7% |
| Income taxes67/77 | €3,638 | €989 | €597 | €4,704 | €4,463 | ▼ 5.1% |
| Profit (loss) for the period9904 | €15,809 | €2,510 | €1,976 | €10,516 | €16,798 | ▲ 59.7% |
| Profit (loss) for the period to be appropriated9905 | €15,809 | €2,510 | €1,976 | €10,516 | €16,798 | ▲ 59.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,613 | €102,667 | €99,340 | €85,024 | €93,367 | ▲ 9.8% |
| Fixed assets21/28 | €19,911 | €56,664 | €45,773 | €39,006 | €35,389 | ▼ 9.3% |
| Tangible fixed assets22/27 | €19,911 | €56,664 | €45,773 | €39,006 | €35,389 | ▼ 9.3% |
| Plant, machinery and equipment23 | - | €2,701 | €1,511 | €2,024 | €6,145 | ▲ 204% |
| Furniture and vehicles24 | - | €49,825 | €40,813 | €34,223 | €27,175 | ▼ 20.6% |
| Other tangible fixed assets26 | - | €4,138 | €3,448 | €2,759 | €2,069 | ▼ 25.0% |
| Current assets29/58 | €51,702 | €46,003 | €53,567 | €46,018 | €57,978 | ▲ 26.0% |
| Stocks and contracts in progress3 | €10,000 | €13,627 | €17,427 | €17,455 | €17,455 | = |
| Stocks30/36 | - | €13,627 | €17,427 | €17,455 | €17,455 | = |
| Amounts receivable within one year40/41 | €21,531 | €14,347 | €23,751 | €16,859 | €31,790 | ▲ 88.6% |
| Trade receivables40 | - | €9,939 | €14,674 | €11,043 | €14,375 | ▲ 30.2% |
| Other amounts receivable41 | - | €4,408 | €9,077 | €5,816 | €17,415 | ▲ 199% |
| Cash at bank and in hand54/58 | €16,842 | €16,575 | €12,389 | €7,843 | €4,063 | ▼ 48.2% |
| Deferred charges and accrued income490/1 | - | €1,454 | - | €3,861 | €4,670 | ▲ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,613 | €102,667 | €99,340 | €85,024 | €93,367 | ▲ 9.8% |
| Equity10/15 | €43,696 | €46,206 | €48,182 | €48,698 | €65,496 | ▲ 34.5% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Outside capital11 | - | €20,000 | - | - | - | - |
| Other1109/19 | - | €20,000 | - | - | - | - |
| Reserves13 | €27,654 | €27,654 | €28,182 | €28,698 | €45,496 | ▲ 58.5% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | - | - | - |
| Tax-exempt reserves132 | - | €1,654 | €1,654 | €1,654 | €1,654 | = |
| Distributable reserves133 | - | €24,000 | €24,528 | €27,044 | €43,842 | ▲ 62.1% |
| Profit (loss) carried forward14 | -€3,958 | -€1,448 | - | - | - | - |
| Amounts payable17/49 | €27,917 | €56,461 | €51,158 | €36,326 | €27,871 | ▼ 23.3% |
| Amounts payable after more than one year17 | €6,490 | €39,184 | €28,286 | €17,776 | €7,655 | ▼ 56.9% |
| Financial debts170/4 | - | €39,184 | €28,286 | €17,776 | €7,655 | ▼ 56.9% |
| Amounts payable within one year42/48 | €21,427 | €17,277 | €22,872 | €18,550 | €20,216 | ▲ 9.0% |
| Current portion of amounts payable after more than one year42 | - | €14,863 | €11,367 | €10,510 | €12,621 | ▲ 20.1% |
| Trade debts44 | €8,052 | €1,414 | €9,908 | €6,078 | €5,267 | ▼ 13.3% |
| Suppliers440/4 | - | €1,414 | €9,908 | €6,078 | €5,267 | ▼ 13.3% |
| Taxes, remuneration and social security45 | - | €1,000 | €1,597 | €1,962 | €2,328 | ▲ 18.7% |
| Taxes450/3 | - | €1,000 | €1,597 | €514 | €858 | ▲ 67.0% |
| Remuneration and social security454/9 | - | - | - | €1,448 | €1,470 | ▲ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,809 | €2,510 | €1,976 | €10,516 | €16,798 | ▲ 59.7% |
| + Depreciation and write-downs630 | €9,280 | €10,091 | €14,142 | €14,292 | €9,112 | ▼ 36.2% |
| Operating cash flow (approximation) | €25,089 | €12,601 | €16,118 | €24,808 | €25,910 | ▲ 4.4% |
| Investment in fixed assets (approximation) | - | -€46,844 | -€3,251 | -€7,525 | -€5,496 | ▲ 27.0% |
| Change in cash | - | -€267 | -€4,186 | -€4,546 | -€3,780 | ▲ 16.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Highest result since 2019net €16,798 ▲59.7%
Operating result €21,590, net result €16,798, both a record.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €4,742
Net result €4,742 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Rumst · 1 establishment unit since 2017
Ground area
299 m²
Building footprint
77 m²
Volume, LiDAR
529 m³
Parcel 11045A0262/00Y002, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ARATO
since 20172.262.459.375
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11045A0262/00Y002 | Flanders | 299 m² | 1 · 77 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,743 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-03-2017
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
43230Insulation installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0672584736
Also
9925:BE0672584736
Registered
05-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.