ARAZU
ActiveThe computed 12-month bankruptcy probability of ARAZU is 1.9% (moderate). The 2024 annual accounts show equity of €452k and a net result of €-30k. Equity is growing by ~105.8% per year across the filed fiscal years. The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability15▼-2
Solvency72=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 23.64 against 24.12 in 2023; short-term debt: 2.9% and cash: 0% of total assets), but 53.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
46.5%
Return on assets
-3.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-30k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-09-2025, 44 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d late
2023
53 d late
2022
87 d late
2021
92 d late
2020
72 d late
2019
40 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-30k▼ 147%
2023 · €-12k
2018: €-23k
2019: €-15k
2020: €18k
2021: €233k
2022: €237k
2023: €-12k
2018 → 2024
Working capital
€640k▼ 2.0%
2023 · €653k
2018: €-23k
2019: €-44k
2020: €28k
2021: €369k
2022: €686k
2023: €653k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€258k▲ 922%€494k▲ 91.8%€482k▼ 2.5%€452k▼ 6.3%
Operating result€93k-€343k▲ 267%€364k▲ 6.1%€-78k€-60k▲ 23.0%
Net result€18k-€233k▲ 1,176%€237k▲ 1.8%€-12k€-30k▼ 147%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €60k in 2024 against €78k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €972k
Fixed assets
€304k▼ 12.7%
Current assets
€668k▼ 1.9%
Equity and liabilities €972k
Equity
€452k▼ 6.3%
Provisions
€262k=
Debt
€257k▼ 9.4%
The debt ratio falls from 27.6% to 26.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-16k▲
2023 · €-34k
Cash flow
€14k▼
2023 · €32k
Solvency
46.5%▼
2023 · 46.9%
Current ratio
23.64▼
2023 · 24.12
Quick ratio
23.64▼
2023 · 24.12
Debt / equity
0.57▼
2023 · 0.59
ROE
-6.7%▼
2023 · -2.5%
ROA
-3.1%▼
2023 · -1.2%
Interest coverage
-1.58▲
2023 · -3.11
Debt
€257k▼
2023 · €284k
Debt ≤ 1 year
€28k▲
2023 · €28k
Debt > 1 year
€229k▼
2023 · €256k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.03M€972k▼
Fixed assets21/28€348k€304k▼
Tangible fixed assets22/27€348k€304k▼
Land and buildings22€270k€259k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€70k€38k▼
Other tangible fixed assets26€6k€5k▼
Current assets29/58€681k€668k▼
Amounts receivable within one year40/41€680k€668k▼
Other amounts receivable41€680k€668k▼
Cash at bank and in hand54/58€1k€79▼
Equity and liabilities
Total equity and liabilities10/49€1.03M€972k▼
Equity10/15€482k€452k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€634k€634k=
Tax-exempt reserves132€634k€634k=
Profit (loss) carried forward14€-214k€-244k▼
Provisions and deferred taxes16€262k€262k=
Deferred taxes168€262k€262k=
Amounts payable17/49€284k€257k▼
Amounts payable after more than one year17€256k€229k▼
Financial debts170/4€256k€229k▼
Amounts payable within one year42/48€28k€28k▲
Current portion of amounts payable after more than one year42€26k€27k▲
Trade debts44€960-
Suppliers440/4€960-
Other amounts payable47/48€2k€2k=
Income statement
Code20232024
Non-recurring operating income76A€8k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€44k▼
Other operating charges640/8€11k€3k▼
Gross operating margin9900€-23k€-12k▲
Operating profit (loss)9901€-78k€-60k▲
Financial income75/76B€36k€40k▲
Recurring financial income75€36k€40k▲
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€-53k€-30k▲
Transfer from deferred taxes780€41k-
Profit (loss) for the period9904€-12k€-30k▼
Transfer from tax-exempt reserves789€122k-
Profit (loss) for the period to be appropriated9905€110k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-214k€-244k▼
Profit (loss) brought forward from the previous period14P€-324k€-214k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 44 days late
2024
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series.
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 53 days late
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
31-12
Financial
Highest result since 2018net €237k ▲1.8%
Operating result €364k, net result €237k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 26.14
Current ratio from 8.72 to 26.14; short-term debt falls from €48k to €27k.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Liquidity times 5current ratio 8.72
Current ratio from 1.78 to 8.72.
31-12
Financial
Equity above €200kEq €258k ▲922%
2 profitable years in a row build equity to €258k.
11-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 72 days late
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
31-12
Financial
Liquidity times 6current ratio 1.78
Current ratio from 0.28 to 1.78; short-term debt falls from €61k to €36k.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 40 days late
2019
15-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 15 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
03-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 276 days late
2017
03-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 156 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2001
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.
Roodebeeksteenweg 2061200 Sint-Lambrechts-WoluweGround area
340 m²
Building footprint
239 m²
Volume, LiDAR
3,550 m³
2 parcels, Brussels · tallest building 25.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
ARAZU
since 20012.098.329.437
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0055/00R006 | Brussels | 191 m² | 1 · 90 m² | 14.0 m · 4 fl. |
| 21802B0078/00T003 | Brussels | 149 m² | 1 · 149 m² | 25.3 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
16 connected companiesNetwork connections
Shared address
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Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-07-2001
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 23 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.