AREHA
ActiveSummary
AREHA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €453k and a net result of €31k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-1
Solvency58▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.49 against 0.23 in 2023; short-term debt: 48.6% and cash: 3.8% of total assets), and 66.8% of the assets are financed with debt.
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Signals
Four 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 · 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day 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
1 d late
2023
22 d late
2022
30 d late
2021
54 d late
2020
46 d early
2019
51 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
Equity
€453k▲ 7.3%
2023 · €422k
Total assets
€1.36M▲ 26.2%
2023 · €1.08M
Net result
€31k▼ 18.0%
2023 · €38k
Working capital
€-338k▼ 3.2%
2023 · €-327k
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
Line20202021202220232024
Operating result€66k▲ 7.5%€79k▲ 20.1%€20k▼ 75.1%€43k▲ 120%€42k▼ 3.9%
Net result€58k▲ 20.3%€81k▲ 39.8%€13k▼ 84.0%€38k▲ 189%€31k▼ 18.0%
Equity€290k▲ 25.0%€372k▲ 28.0%€385k▲ 3.5%€422k▲ 9.8%€453k▲ 7.3%
Total assets€583k▲ 68.8%€803k▲ 37.7%€804k▲ 0.1%€1.08M▲ 34.6%€1.36M▲ 26.2%
Debt€293k▲ 159%€431k▲ 47.4%€419k▼ 2.8%€659k▲ 57.4%€912k▲ 38.3%
Working capital€188k▲ 97.2%€22k▼ 88.2%€34k▲ 55.3%€-327k€-338k▼ 3.2%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.36M
Fixed assets
€1.04M ▲ 5.4%
Current assets
€326k ▲ 241%
Equity and liabilities €1.36M
Equity
€453k ▲ 7.3%
Debt
€912k ▲ 38.3%
Debt's share of the balance-sheet total rises from 60.9% to 66.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€120k▲
2023 · €102k
Cash flow
€109k▲
2023 · €96k
Current ratio
0.49▲
2023 · 0.23
Quick ratio
0.11▼
2023 · 0.23
Debt to equity
2.01▲
2023 · 1.56
ROE
6.8%▼
2023 · 8.9%
ROA
2.3%▼
2023 · 3.5%
Interest coverage
21.62▼
2023 · 23.41
Debt ≤ 1 year
€664k▲
2023 · €423k
Debt > 1 year
€217k▼
2023 · €236k
Income taxes
€5k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €30k | €65k | €59k | €78k | ▲ 33.1% |
| Other operating charges640/8 | - | €5k | €9k | €22k | €11k | ▼ 48.8% |
| Gross operating margin9900 | €86k | €114k | €94k | €124k | €131k | ▲ 5.6% |
| Operating profit (loss)9901 | €66k | €79k | €20k | €43k | €42k | ▼ 3.9% |
| Financial income75/76B | - | €4 | - | €100 | €17 | ▼ 82.7% |
| Recurring financial income75 | €459 | €4 | - | €100 | €17 | ▼ 82.7% |
| Financial charges65/66B | - | €4k | €4k | €4k | €6k | ▲ 27.1% |
| Recurring financial charges65 | €3k | €4k | €4k | €4k | €6k | ▲ 27.1% |
| Profit (loss) for the period before taxes9903 | €64k | €75k | €16k | €39k | €36k | ▼ 7.5% |
| Income taxes67/77 | €6k | €-6k | €3k | €2k | €5k | ▲ 247% |
| Profit (loss) for the period9904 | €58k | €81k | €13k | €38k | €31k | ▼ 18.0% |
| Profit (loss) for the period to be appropriated9905 | €58k | €81k | €13k | €38k | €31k | ▼ 18.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €583k | €803k | €804k | €1.08M | €1.36M | ▲ 26.2% |
| Fixed assets21/28 | €307k | €623k | €605k | €986k | €1.04M | ▲ 5.4% |
| Tangible fixed assets22/27 | €307k | €623k | €605k | €986k | €1.04M | ▲ 5.4% |
| Land and buildings22 | - | €607k | €574k | €962k | €1.02M | ▲ 6.5% |
| Plant, machinery and equipment23 | - | €13k | €12k | €10k | €9k | ▼ 12.6% |
| Furniture and vehicles24 | - | €4k | €20k | €14k | €5k | ▼ 60.3% |
| Current assets29/58 | €276k | €179k | €198k | €96k | €326k | ▲ 241% |
| Stocks and contracts in progress3 | - | - | - | - | €254k | - |
| Stocks30/36 | - | - | - | - | €254k | - |
| Amounts receivable within one year40/41 | €914 | €2k | €46k | €41k | €14k | ▼ 66.9% |
| Trade receivables40 | - | - | €44k | €40k | €11k | ▼ 71.4% |
| Other amounts receivable41 | - | €2k | €2k | €913 | €2k | ▲ 132% |
| Cash at bank and in hand54/58 | €275k | €172k | €148k | €52k | €52k | ▲ 0.2% |
| Deferred charges and accrued income490/1 | - | €5k | €4k | €3k | €7k | ▲ 132% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €583k | €803k | €804k | €1.08M | €1.36M | ▲ 26.2% |
| Equity10/15 | €290k | €372k | €385k | €422k | €453k | ▲ 7.3% |
| Contributions10/11 | €19k | €19k | €19k | €20k | €20k | = |
| Capital10 | - | €19k | €19k | €20k | - | - |
| Issued capital100 | - | €19k | €19k | €20k | - | - |
| Reserves13 | €17k | €17k | €17k | €15k | €15k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €15k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €255k | €336k | €349k | €387k | €418k | ▲ 8.0% |
| Amounts payable17/49 | €293k | €431k | €419k | €659k | €912k | ▲ 38.3% |
| Amounts payable after more than one year17 | €204k | €274k | €255k | €236k | €217k | ▼ 8.1% |
| Financial debts170/4 | - | €274k | €255k | €236k | €217k | ▼ 8.1% |
| Amounts payable within one year42/48 | €88k | €157k | €164k | €423k | €664k | ▲ 56.9% |
| Current portion of amounts payable after more than one year42 | - | €18k | €19k | €19k | €249k | ▲ 1,216% |
| Trade debts44 | €48k | €109k | €94k | €307k | €152k | ▼ 50.6% |
| Suppliers440/4 | - | €109k | €94k | €307k | €152k | ▼ 50.6% |
| Advances received on contracts in progress46 | - | - | - | €50k | - | - |
| Taxes, remuneration and social security45 | - | €16k | €10k | €15k | €9k | ▼ 37.8% |
| Taxes450/3 | - | €12k | €3k | €12k | €9k | ▼ 24.9% |
| Remuneration and social security454/9 | - | €4k | €7k | €3k | - | - |
| Other amounts payable47/48 | - | €14k | €41k | €32k | €254k | ▲ 690% |
| Accrued charges and deferred income492/3 | - | - | - | - | €31k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58k | €81k | €13k | €38k | €31k | ▼ 18.0% |
| + Depreciation and write-downs630 | €18k | €30k | €65k | €59k | €78k | ▲ 33.1% |
| Operating cash flow (approximation) | €76k | €112k | €78k | €96k | €109k | ▲ 13.2% |
| Investment in fixed assets (approximation) | - | €-347k | €-47k | €-439k | €-131k | ▲ 70.1% |
| Change in cash | - | €-102k | €-25k | €-96k | €98 | ▲ 100% |
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
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €13k ▼84%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
31-12
Financial
Highest result since 2018net €81k ▲39.8%
Operating result €79k, net result €81k, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €232k ▲26.2%
2 profitable years in a row build equity to €232k.
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 36 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 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
2 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, Soignies · 1 establishment unit since 2001
Ground area
1.7 ha
Building footprint
111 m²
Volume, LiDAR
877 m³
2 parcels, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Lessines 111, 7060 Soignies
since 20012.098.585.397
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55018B1028/00A000 | Wallonia | 1.6 ha | - | - |
| 55040A0005/00G000 | Wallonia | 536 m² | 1 · 111 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
6 categoriesAREHA SRL39437
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 6,716 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
Founded19-06-2001
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.