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AREL

Active
Private limited companyfounded 20205 yrs activeRue de Bénister 8, 4920 Aywaille, BelgiumKBO/BCE: BE 0760.485.542
Summary

The computed 12-month bankruptcy probability of AREL is 2.7% (moderate). The 2024 annual accounts show equity of €760,762 and a net result of €324,159. Equity is growing by ~78.4% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability36▼-37
Solvency55▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 3.07 in 2023; short-term debt: 10.5% and cash: 15% of total assets), and 70.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
36 d early
2023
14 d late
2022
4 d late
2021
82 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 25 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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

History

AREL was incorporated on 23 December 2020 as a Private limited company.1 Total assets rose from EUR 1.5 million in 2021 to EUR 2.6 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€324,159▲ 33.7%
2023 · €242,461
Working capital
€121,459▼ 24.6%
2023 · €161,030
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
Line2021202220232024
Operating result-€3,997--€3,777▲ 5.5%-€3,849▼ 1.9%-€789▲ 79.5%
Net result-€5,234-€189,377€242,461▲ 28.0%€324,159▲ 33.7%
Equity€4,766-€194,143▲ 3,974%€436,603▲ 125%€760,762▲ 74.2%
Total assets€1.5m-€1.6m▲ 2.3%€1.7m▲ 8.9%€2.6m▲ 50.6%
Debt€1.5m-€1.4m▼ 10.2%€1.3m▼ 7.6%€1.8m▲ 42.5%
Working capital-€12,727-€21,877€161,030▲ 636%€121,459▼ 24.6%
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000€300,000Operating result 2021: -€3,997-€3,997Net result 2021: -€5,234-€5,234Operating result 2022: -€3,777-€3,777Net result 2022: €189,377€189,377Operating result 2023: -€3,849-€3,849Net result 2023: €242,461€242,461Operating result 2024: -€789-€789Net result 2024: €324,159€324,1592021202220232024-€100,000€0€100,000€200,000€300,000Operating result 2022: -€3,777-€3,780Net result 2022: €189,377€189,000Operating result 2023: -€3,849-€3,850Net result 2023: €242,461€242,000Operating result 2024: -€789-€789Net result 2024: €324,159€324,000202220232024
The operating result stays negative: a loss of €789 in 2024 against €3,849 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.6m
Fixed assets €2.2m ▲ 48.5%
Current assets €390,249 ▲ 63.4%
Equity and liabilities €2.6m
Equity €760,762 ▲ 74.2%
Debt €1.8m ▲ 42.5%
Debt's share of the balance-sheet total falls from 74.3% to 70.3%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€844
Cash flow
€325,791
Current ratio
1.45▼
2023 · 3.07
Debt to equity
2.36▼
2023 · 2.89
ROE
42.6%▼
2023 · 55.5%
ROA
12.7%▼
2023 · 14.3%
Interest coverage
0.15
Debt ≤ 1 year
€268,791▲
2023 · €77,791
Debt > 1 year
€1.5m▲
2023 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.7m€2.6m▲
Fixed assets21/28€1.5m€2.2m▲
Tangible fixed assets22/27-€701,372
Land and buildings22-€701,372
Financial fixed assets28€1.5m€1.5m▲
Current assets29/58€238,820€390,249▲
Cash at bank and in hand54/58€229,612€384,082▲
Deferred charges and accrued income490/1€9,209€6,167▼
Equity and liabilities
Total equity and liabilities10/49€1.7m€2.6m▲
Equity10/15€436,603€760,762▲
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14€426,603€750,762▲
Amounts payable17/49€1.3m€1.8m▲
Amounts payable after more than one year17€1.2m€1.5m▲
Financial debts170/4€1.0m€1.5m▲
Other amounts payable178/9€180,000-
Amounts payable within one year42/48€77,791€268,791▲
Current portion of amounts payable after more than one year42€75,291€266,291▲
Other amounts payable47/48€2,500€2,500=
Accrued charges and deferred income492/3€764€764=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,633
Other operating charges640/8€220€2,169▲
Gross operating margin9900-€3,629€3,013▲
Operating profit (loss)9901-€3,849-€789▲
Financial income75/76B€250,000€330,655▲
Recurring financial income75€250,000€330,655▲
Financial charges65/66B€3,690€5,708▲
Recurring financial charges65€3,690€5,708▲
Profit (loss) for the period before taxes9903€242,461€324,159▲
Profit (loss) for the period9904€242,461€324,159▲
Profit (loss) for the period to be appropriated9905€242,461€324,159▲
Appropriation of the result
Profit (loss) to be appropriated9906€426,603€750,762▲
Profit (loss) brought forward from the previous period14P€184,143€426,603▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€1,633-
Other operating charges640/8€915€348€220€2,169▲ 886%
Gross operating margin9900-€3,082-€3,429-€3,629€3,013▲ 183%
Operating profit (loss)9901-€3,997-€3,777-€3,849-€789▲ 79.5%
Financial income75/76B-€200,000€250,000€330,655▲ 32.3%
Recurring financial income75-€200,000€250,000€330,655▲ 32.3%
Financial charges65/66B€1,237€6,846€3,690€5,708▲ 54.7%
Recurring financial charges65€1,237€6,846€3,690€5,708▲ 54.7%
Profit (loss) for the period before taxes9903-€5,234€189,377€242,461€324,159▲ 33.7%
Profit (loss) for the period9904-€5,234€189,377€242,461€324,159▲ 33.7%
Profit (loss) for the period to be appropriated9905-€5,234€189,377€242,461€324,159▲ 33.7%
Line2021202220232024Change
Assets
Total assets20/58€1.5m€1.6m€1.7m€2.6m▲ 50.6%
Fixed assets21/28€1.5m€1.5m€1.5m€2.2m▲ 48.5%
Tangible fixed assets22/27---€701,372-
Land and buildings22---€701,372-
Financial fixed assets28€1.5m€1.5m€1.5m€1.5m▲ 0.5%
Current assets29/58€65,064€99,668€238,820€390,249▲ 63.4%
Amounts receivable within one year40/41€38,669----
Trade receivables40€38,669----
Cash at bank and in hand54/58€9,362€86,834€229,612€384,082▲ 67.3%
Deferred charges and accrued income490/1€17,034€12,834€9,209€6,167▼ 33.0%
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.6m€1.7m€2.6m▲ 50.6%
Equity10/15€4,766€194,143€436,603€760,762▲ 74.2%
Contributions10/11€10,000€10,000€10,000€10,000=
Profit (loss) carried forward14-€5,234€184,143€426,603€750,762▲ 76.0%
Amounts payable17/49€1.5m€1.4m€1.3m€1.8m▲ 42.5%
Amounts payable after more than one year17€1.4m€1.3m€1.2m€1.5m▲ 29.2%
Financial debts170/4€1.1m€1.1m€1.0m€1.5m▲ 52.3%
Other amounts payable178/9€310,000€210,518€180,000--
Amounts payable within one year42/48€77,791€77,791€77,791€268,791▲ 246%
Current portion of amounts payable after more than one year42€75,291€75,291€75,291€266,291▲ 254%
Other amounts payable47/48€2,500€2,500€2,500€2,500=
Accrued charges and deferred income492/3€764€764€764€764=
Line2021202220232024Change
Profit (loss) for the period9904-€5,234€189,377€242,461€324,159▲ 33.7%
+ Depreciation and write-downs630---€1,633-
Operating cash flow (approximation)-€5,234€189,377€242,461€325,791▲ 34.4%
Investment in fixed assets (approximation)-€0€0-€710,655-
Change in cash-€77,473€142,777€154,470▲ 8.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
25-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2021net €324,159 ▲33.7%
Operating result -€789, net result €324,159, both a record.
31-12
Financial Equity above €500,000Eq €760,762 ▲74.2%
3 profitable years in a row build equity to €760,762.
14-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 14 days late
2023
31-12
Financial Liquidity doublescurrent ratio 3.07
Current ratio from 1.28 to 3.07.
31-12
Financial Equity above €200,000Eq €436,603 ▲125%
2 profitable years in a row build equity to €436,603.
04-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-12
Financial Back to profitnet €189,377
Net result €189,377 after one loss-making year.
31-12
Financial Equity above €150,000Eq €194,143 ▲3,974%
Equity rises from €4,766 to €194,143.
10-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Aywaille · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
1,183 m²
Building footprint
406 m²
Volume, LiDAR
1,431 m³
Parcel 61026A1010/00E006, Wallonia · tallest building 3.8 m, ±1 floor. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
AREL
Rue de Bénister 8, 4920 AywailleHoldings
since 20202.376.391.716
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
61026A1010/00E006 Wallonia 1,183 m² 1 · 406 m² 3.8 m · 1 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.

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 2

According to the 2024 annual accounts of AREL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded23-12-2020
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

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