ARCHIRAAR
ActiveSummary
The computed 12-month bankruptcy probability of ARCHIRAAR is 3.4% (moderate). The 2025 annual accounts show negative equity (-€25,582) and a net result of -€6,479. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 6% of 18973 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-70
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.37 in 2024; short-term debt: 308.6% and cash: 91.8% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-208.6%
Return on assets
-52.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€25,582
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
25 d early
2023
26 d late
2022
15 d late
2021
3 d late
2020
11 d late
2019
49 d late
← 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 7 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 3 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€6,479
2024 · €167
Working capital
-€26,582▼ 29.1%
2024 · -€20,587
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,838▼ 74.8%€1,926▼ 49.8%€920▼ 52.2%€462▼ 49.8%-€6,171
Net result€3,526within the sector's middle half▼ 72.8%€1,428within the sector's middle half▼ 59.5%€707within the sector's middle half▼ 50.5%€167within the sector's middle half▼ 76.4%-€6,479below the sector's middle half
Equity-€21,405below the sector's middle half▲ 14.1%-€19,977below the sector's middle half▲ 6.7%-€19,270below the sector's middle half▲ 3.5%-€19,104below the sector's middle half▲ 0.9%-€25,582below the sector's middle half▼ 33.9%
Total assets€53,886below the sector's middle half▼ 6.4%€13,003below the sector's middle half▼ 75.9%€8,094below the sector's middle half▼ 37.8%€13,514below the sector's middle half▲ 67.0%€12,264below the sector's middle half▼ 9.3%
Debt€75,292▼ 8.8%€32,980▼ 56.2%€27,365▼ 17.0%€32,618▲ 19.2%€37,846▲ 16.0%
Working capital-€28,938below the sector's middle half▲ 11.0%-€25,027below the sector's middle half▲ 13.5%-€22,986below the sector's middle half▲ 8.2%-€20,587below the sector's middle half▲ 10.4%-€26,582below the sector's middle half▼ 29.1%
Solvency-39.7%below the sector's middle half▲ 3.6pp-153.6%below the sector's middle half▼ 113.9pp-238.1%below the sector's middle half▼ 84.4pp-141.4%below the sector's middle half▲ 96.7pp-208.6%below the sector's middle half▼ 67.2pp
Current ratio0.62below the sector's middle half▲ 0.010.24below the sector's middle half▼ 0.370.16below the sector's middle half▼ 0.080.37below the sector's middle half▲ 0.210.30below the sector's middle half▼ 0.07
Return on assets (ROA)6.5%within the sector's middle half▼ 16.0pp11.0%within the sector's middle half▲ 4.4pp8.7%within the sector's middle half▼ 2.3pp1.2%within the sector's middle half▼ 7.5pp-52.8%below the sector's middle half▼ 54.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,171 after €462 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,264
Fixed assets
€1,000 ▼ 32.6%
Current assets
€11,264 ▼ 6.4%
Equity and liabilities
Equity-€25,582
Debt€37,846
Equity is negative: debt (€37,846) exceeds the balance-sheet total (€12,264).
Key figures and ratios
EBITDA
-€5,687▼
2024 · €2,694
Cash flow
-€5,995▼
2024 · €2,399
Interest coverage
-18.46▼
2024 · 9.12
Debt ≤ 1 year
€37,846▲
2024 · €32,618
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 6,906 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,734 | €2,483 | €1,335 | €2,232 | €483 | ▼ 78.3% |
| Other operating charges640/8 | €688 | €294 | €1,725 | €469 | €400 | ▼ 14.8% |
| Gross operating margin9900 | €7,260 | €4,703 | €3,980 | €3,163 | -€5,287 | ▼ 267% |
| Operating profit (loss)9901 | €3,838 | €1,926 | €920 | €462 | -€6,171 | ▼ 1,435% |
| Financial charges65/66B | €312 | €498 | €213 | €295 | €308 | ▲ 4.3% |
| Recurring financial charges65 | €312 | €498 | €213 | €295 | €308 | ▲ 4.3% |
| Profit (loss) for the period before taxes9903 | €3,526 | €1,428 | €707 | €167 | -€6,479 | ▼ 3,986% |
| Profit (loss) for the period9904 | €3,526 | €1,428 | €707 | €167 | -€6,479 | ▼ 3,986% |
| Profit (loss) for the period to be appropriated9905 | €3,526 | €1,428 | €707 | €167 | -€6,479 | ▼ 3,986% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53,886 | €13,003 | €8,094 | €13,514 | €12,264 | ▼ 9.3% |
| Fixed assets21/28 | €7,533 | €5,050 | €3,715 | €1,483 | €1,000 | ▼ 32.6% |
| Tangible fixed assets22/27 | €7,533 | €5,050 | €3,715 | €1,483 | €1,000 | ▼ 32.6% |
| Plant, machinery and equipment23 | €4,488 | €3,153 | €1,818 | €483 | - | - |
| Furniture and vehicles24 | €2,045 | €897 | €897 | - | - | - |
| Other tangible fixed assets26 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €46,353 | €7,953 | €4,379 | €12,031 | €11,264 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €15,720 | - | - | - | - | - |
| Trade receivables40 | €15,720 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €30,633 | €7,953 | €4,379 | €12,031 | €11,264 | ▼ 6.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53,886 | €13,003 | €8,094 | €13,514 | €12,264 | ▼ 9.3% |
| Equity10/15 | -€21,405 | -€19,977 | -€19,270 | -€19,104 | -€25,582 | ▼ 33.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€40,005 | -€38,577 | -€37,870 | -€37,704 | -€44,182 | ▼ 17.2% |
| Amounts payable17/49 | €75,292 | €32,980 | €27,365 | €32,618 | €37,846 | ▲ 16.0% |
| Amounts payable within one year42/48 | €75,292 | €32,980 | €27,365 | €32,618 | €37,846 | ▲ 16.0% |
| Taxes, remuneration and social security45 | €2,014 | €4,626 | €2,954 | €4,318 | €1,413 | ▼ 67.3% |
| Taxes450/3 | €2,014 | €4,626 | €2,954 | €4,318 | €1,413 | ▼ 67.3% |
| Other amounts payable47/48 | €73,277 | €28,355 | €24,411 | €28,300 | €36,433 | ▲ 28.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,526 | €1,428 | €707 | €167 | -€6,479 | ▼ 3,986% |
| + Depreciation and write-downs630 | €2,734 | €2,483 | €1,335 | €2,232 | €483 | ▼ 78.3% |
| Operating cash flow (approximation) | €6,259 | €3,911 | €2,042 | €2,399 | -€5,995 | ▼ 350% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€22,680 | -€3,574 | €7,652 | -€768 | ▼ 110% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€6,479
Net result drops to -€6,479, the lowest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 11 days late
2020
31-12
Financial
Highest result since 2018net €12,977 ▲39.5%
Operating result €15,222, net result €12,977, both a record.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 49 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 2 establishment units since 2010
Ground area
555 m²
Building footprint
555 m²
Volume, LiDAR
16,417 m³
Parcel 21009A0965/00V002, Brussels · tallest building 32.8 m, ±10 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
2 establishment units
Archiraar-Gallery
since 20102.235.342.828
ARCHIRAAR
since 20122.301.337.767
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0965/00V002 | Brussels | 555 m² | 1 · 555 m² | 32.8 m · 10 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,289 companies in this sector we hold annual accounts for 425. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded13-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
47789Other retail sale of new goods
74130Interior design
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0829189157
Also
9925:BE0829189157
Registered
23-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.