ARAX Projectontwikkeling
ActiveThe computed 12-month bankruptcy probability of ARAX Projectontwikkeling is 2.4% (moderate). The 2025 annual accounts show equity of €10k and a net result of €16k. Equity is shrinking by ~5.1% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▲+2
Solvency26▼-4
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 1.0 against 1.04 in 2024; short-term debt: 98.2% and cash: 5% of total assets), and 99.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
0.7%
Return on assets
1.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
19 d early
2024
28 d early
2023
12 d early
2022
on the day
← before the deadline
after the deadline →
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 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▼ 80.6%
2024 · €51k
2022: €35k
2023: €47k
2024: €51k
2022 → 2025
Total assets
€1.41M▲ 37.3%
2024 · €1.03M
2022: €685k
2023: €690k
2024: €1.03M
2022 → 2025
Net result
€16k▲ 301%
2024 · €4k
2022: €-15k
2023: €13k
2024: €4k
2022 → 2025
Working capital
€-3k
2024 · €36k
2022: €34k
2023: €41k
2024: €36k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€35k-€47k▲ 37.4%€51k▲ 8.5%€10k▼ 80.6%
Operating result€-7k-€34k€37k▲ 8.7%€86k▲ 129%
Net result€-15k-€13k€4k▼ 68.8%€16k▲ 301%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 129% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.41M
Fixed assets
€28k▼ 24.6%
Current assets
€1.38M▲ 39.6%
Equity and liabilities €1.41M
Equity
€10k▼ 80.6%
Debt
€1.40M▲ 43.5%
The debt ratio rises from 95.0% to 99.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€95k▲
2024 · €45k
Cash flow
€25k▲
2024 · €11k
Solvency
0.7%▼
2024 · 5.0%
Current ratio
1.00▼
2024 · 1.04
Quick ratio
0.09▲
2024 · 0.06
ROE
161.5%▲
2024 · 7.8%
ROA
1.1%▲
2024 · 0.4%
Interest coverage
1.44▲
2024 · 1.33
Debt
€1.40M▲
2024 · €974k
Debt ≤ 1 year
€1.38M▲
2024 · €952k
Debt > 1 year
€16k▼
2024 · €22k
Income taxes
€4k
A ratio outside any meaningful range has been withheld (balance sheet total €1.41M, equity €10k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.03M€1.41M▲
Fixed assets21/28€38k€28k▼
Tangible fixed assets22/27€38k€28k▼
Plant, machinery and equipment23€1k€726▼
Furniture and vehicles24€10k€8k▼
Leasing and similar rights25€26k€20k▼
Current assets29/58€988k€1.38M▲
Stocks and contracts in progress3€933k€1.26M▲
Stocks30/36€933k€1.26M▲
Amounts receivable within one year40/41-€53k
Trade receivables40-€53k
Other amounts receivable41-€352
Cash at bank and in hand54/58€53k€70k▲
Deferred charges and accrued income490/1€2k€379▼
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.41M▲
Equity10/15€51k€10k▼
Contributions10/11€50k€10k▼
Reserves13€1k€0▼
Distributable reserves133€1k€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€974k€1.40M▲
Amounts payable after more than one year17€22k€16k▼
Financial debts170/4€22k€16k▼
Amounts payable within one year42/48€952k€1.38M▲
Current portion of amounts payable after more than one year42€936k€1.31M▲
Trade debts44€12k€0▼
Suppliers440/4€12k€0▼
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€52€4k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€3k€71k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€4k€6k▲
Gross operating margin9900€49k€101k▲
Operating profit (loss)9901€37k€86k▲
Financial income75/76B€358€0▼
Recurring financial income75€358€0▼
Financial charges65/66B€34k€66k▲
Recurring financial charges65€34k€66k▲
Profit (loss) for the period before taxes9903€4k€20k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€4k€16k▲
Profit (loss) for the period to be appropriated9905€4k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€16k▲
Profit (loss) brought forward from the previous period14P€-3k€0▲
Transfer from equity791/2-€41k
Transfer to equity691/2€1k€0▼
To other reserves6921€1k€0▼
Profit to be distributed694/7-€58k
Return on contributions (dividend)694-€58k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2022net €16k ▲301%
Operating result €86k, net result €16k, both a record.
03-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brecht · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Cambeenbos laan E 152960 BrechtGround area
1,137 m²
Building footprint
167 m²
Volume, LiDAR
1,225 m³
Parcel 11009M0053/00F002, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARAX Projectontwikkeling
since 20212.318.079.769
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11009M0053/00F002 | Flanders | 1,137 m² | 1 · 167 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-06-2021
Fiscal year end30-06
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:sandra.snelders@telenet.be