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ARE P0108

Active
Private limited companyfounded 20223 yrs activeAmelia Earhartlaan 2, 9051 Gent, BelgiumKBO/BCE: BE 0793.510.676
Summary

ARE P0108 has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€103,575) and a net result of -€41,681. Equity is shrinking by ~65.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
ARE P0108ActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Electricity, gas, steam and air conditioning supply
NACE 35120
1 site
Size
€499,090total assets 2026
Equity
-€103,575
Loss
-€41,681
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2026
Bankruptcy chance 12 m
0.8%
Structure
Largest shareholder
Invento-Energy · 50%
Board
1 member
Accounts 29 d early1 of 4 deeds read
Why 54Capped at 59: negative equity- Negative equity -€103,575- Loss of €41,681, the second in a row (FY 2026)+ Size: total assets €499,090+ Sector Electricity, gas, steam and air conditioning supply (NACE 35)Show the evidence

Checked score

Score 2026
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 25% of its sector peers (NACE 35, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2025
Weak
Solvency 4-2
equity -20.8% of total assets
Liquidity 54+1
short-term debt 3.7% · cash 3.3%
Profitability 17+10
return on assets -8.4%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (539 companies)
Last 24 months 11-2024: 2.6% 12-2024: 2.6%● 0.0% vs 11-2024 01-2025: 2.6%● 0.0% vs 12-2024 02-2025: 2.6%● 0.0% vs 01-2025 03-2025: 2.6%● 0.0% vs 02-2025 04-2025: 2.5%▼ -1.1% vs 03-2025 05-2025: 2.5%● 0.0% vs 04-2025 06-2025: 2.5%● 0.0% vs 05-2025 07-2025: 2.7%▲ +4.7% vs 06-2025 08-2025: 2.9%▲ +7.5% vs 07-2025highest value 09-2025: 2.9%▼ -0.1% vs 08-2025 10-2025: 2.1%▼ -25.6% vs 09-2025 11-2025: 2.1%● 0.0% vs 10-2025 12-2025: 2.1%● 0.0% vs 11-2025 01-2026: 2.1%▲ +0.3% vs 12-2025 02-2026: 2.1%● 0.0% vs 01-2026 03-2026: 2.1%● 0.0% vs 02-2026 04-2026: 2.1%▼ -0.6% vs 03-2026 05-2026: 1.0%▼ -54.5% vs 04-2026 06-2026: 1.0%● 0.0% vs 05-2026 07-2026: 0.8%▼ -12.7% vs 06-2026 08-2026: 0.9%▲ +5.0% vs 07-2026 09-2026: 0.9%▲ +2.4% vs 08-2026 10-2026: 0.8%▼ -17.0% vs 09-2026lowest value
  • Size: total assets €499,090 lowers the probability for this profile
  • Negative equity -€103,575 raises the probability
  • Loss of €41,681, the second in a row (FY 2026) raises the probability
  • Sector Electricity, gas, steam and air conditioning supply (NACE 35) lowers the probability
No credit on open account
Liquidity ample (current ratio 26.94; short-term debt: 3.7% and cash: 3.3% of total assets), but equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 35, micro). Better than this share of them on solvency 11%, liquidity 50%, profitability 27%, growth against the median 12%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €499,090
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€103,575
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €41,681, the second in a row (FY 2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Electricity, gas, steam and air conditioning supply (NACE 35)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026
Equity per financial year
242526
2024 to 2026 · latest year -€103,575
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 02-10-2026, 29 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2026
29 d early
2025
43 d early
2024
43 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 18 September (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2026 · abbreviated…
  2. Weakest financial yearnet -€41,681
  3. Resignation: LE-Consulting BV (director)Appointment: Bumblebee Sàrl (non-statutory director)

Key points

  • Risk: Negative equityfiscal year 2026: debts exceed assets -€103,575 View
  • Risk: 3 loss-making years in a rowloss fiscal year 2026 -€41,681 View
  • Caution: Board changedlatest change 19-11-2025 · 1 in office 1 joined · 1 left View

By topic

Financials

Fiscal year
2026
Total assets
€499,090
Loss
-€41,681
Solvency
-20.8%
Total assets▲ 53.1%
Net result
20242026
Go to Financials

Timeline

Events
6
Since
2024
Next accounts
by 31-10-2027
  1. 02-10-2026Annual accounts filed
  2. 31-03-2026Weakest financial year
  3. 18-02-2026Resignation: LE-Consulting BV (director)
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Electricity, gas, steam and air conditioning supplyNACE 35120
Founded
10-11-2022
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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