ARELED
ActiveSummary
ARELED has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11k and a net result of €36k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability90▼-10
Solvency30▲+30
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.84 against 0.66 in 2023; short-term debt: 91.7% and cash: 58% of total assets), and 95% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 · 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
5%
Return on assets
16.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 37953 sector peers (2024).
NBB · sector comparisonPosition among 37953 sector peers
Solvency
better than 11%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-12-2025, 124 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
124 d late
2023
122 d late
2022
70 d late
2021
61 d late
2020
30 d late
2019
57 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€36k▲ 113%
2023 · €17k
2018: €-34klowest in 7 years
2019: €-3k▲ +90.9% vs 2018
2020: €16k▲ +615% vs 2019
2021: €8k▼ -46.4% vs 2020
2022: €-3k▼ -138% vs 2021
2023: €17k▲ +619% vs 2022
2024: €36k▲ +113% vs 2023highest in 7 years
2018 → 2024
Working capital
€-30k▼ 21.4%
2023 · €-25k
2018: €-64k
2019: €-112k▼ -76.3% vs 2018lowest in 7 years
2020: €-80k▲ +28.4% vs 2019
2021: €-66k▲ +17.8% vs 2020
2022: €-42k▲ +36.7% vs 2021
2023: €-25k▲ +40.0% vs 2022highest in 7 years
2024: €-30k▼ -21.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-47k-€-39k▲ 18.0%€-42k▼ 8.4%€-25k▲ 40.0%€11k
2020: €-47klowest in 5 years
2021: €-39k▲ +18.0% vs 2020
2022: €-42k▼ -8.4% vs 2021
2023: €-25k▲ +40.0% vs 2022
2024: €11k▲ +142% vs 2023highest in 5 years
Operating result€19k-€13k▼ 30.4%€-2k€17k€41k▲ 138%
2020: €19k
2021: €13k▼ -30.4% vs 2020
2022: €-2k▼ -117% vs 2021lowest in 5 years
2023: €17k▲ +882% vs 2022
2024: €41k▲ +138% vs 2023highest in 5 years
Net result€16k-€8k▼ 46.4%€-3k€17k€36k▲ 113%
2020: €16k
2021: €8k▼ -46.4% vs 2020
2022: €-3k▼ -138% vs 2021lowest in 5 years
2023: €17k▲ +619% vs 2022
2024: €36k▲ +113% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 138% above 2023 and is the highest result in the available series.
Balance-sheet composition
Assets €212k
Fixed assets
€48k
Current assets
€164k
Equity and liabilities €212k
Equity
€11k
Debt
€202k
Debt finances 95.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€52k
Cash flow
€47k
Current ratio
0.84▲
2023 · 0.66
Debt to equity
19.10▲
2023 · -2.93
ROE
337.5%
ROA
16.8%▼
2023 · 34.5%
Interest coverage
26.47
Debt ≤ 1 year
€195k▲
2023 · €73k
Debt > 1 year
€7k
Income taxes
€3k
Staff costs
€0▼
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€48k€212k▲
Fixed assets21/28-€48k
Tangible fixed assets22/27-€48k
Plant, machinery and equipment23-€19k
Furniture and vehicles24-€29k
Current assets29/58€48k€164k▲
Amounts receivable within one year40/41€41k€41k▼
Trade receivables40€35k€41k▲
Other amounts receivable41€7k-
Cash at bank and in hand54/58€7k€123k▲
Equity and liabilities
Total equity and liabilities10/49€48k€212k▲
Equity10/15€-25k€11k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€-33k€2k▲
Amounts payable17/49€73k€202k▲
Amounts payable after more than one year17-€7k
Financial debts170/4-€7k
Amounts payable within one year42/48€73k€195k▲
Current portion of amounts payable after more than one year42-€62k
Trade debts44€39k€99k▲
Suppliers440/4€39k€99k▲
Taxes, remuneration and social security45-€24k
Taxes450/3-€24k
Other amounts payable47/48€35k€10k▼
Income statement
Code20232024
Non-recurring operating income76A-€64
Remuneration, social security and pensions62€6k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€11k
Other operating charges640/8€934€98▼
Gross operating margin9900€24k€52k▲
Operating profit (loss)9901€17k€41k▲
Financial charges65/66B€475€2k▲
Recurring financial charges65€475€2k▲
Profit (loss) for the period before taxes9903€17k€39k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€17k€36k▲
Profit (loss) for the period to be appropriated9905€17k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€2k▲
Profit (loss) brought forward from the previous period14P€-50k€-33k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €33k | €70k | - | €64 | - |
| Remuneration, social security and pensions62 | - | €74k | €99k | €6k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €14k | €27k | - | €11k | - |
| Other operating charges640/8 | - | €4k | €1k | €934 | €98 | ▼ 89.5% |
| Non-recurring operating charges66A | - | €14k | €0 | - | - | - |
| Gross operating margin9900 | €89k | €119k | €125k | €24k | €52k | ▲ 120% |
| Operating profit (loss)9901 | €19k | €13k | €-2k | €17k | €41k | ▲ 138% |
| Financial income75/76B | - | €45 | €0 | - | - | - |
| Recurring financial income75 | €0 | €45 | €0 | - | - | - |
| Financial charges65/66B | - | €4k | €782 | €475 | €2k | ▲ 314% |
| Recurring financial charges65 | €3k | €4k | €782 | €475 | €2k | ▲ 314% |
| Profit (loss) for the period before taxes9903 | €16k | €9k | €-3k | €17k | €39k | ▲ 133% |
| Income taxes67/77 | €0 | €322 | €242 | - | €3k | - |
| Profit (loss) for the period9904 | €16k | €8k | €-3k | €17k | €36k | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €16k | €8k | €-3k | €17k | €36k | ▲ 113% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89k | €63k | €16k | €48k | €212k | ▲ 338% |
| Fixed assets21/28 | €33k | €27k | €0 | - | €48k | - |
| Tangible fixed assets22/27 | €33k | €27k | €0 | - | €48k | - |
| Plant, machinery and equipment23 | - | €24k | €0 | - | €19k | - |
| Furniture and vehicles24 | - | €3k | €0 | - | €29k | - |
| Current assets29/58 | €56k | €35k | €16k | €48k | €164k | ▲ 239% |
| Amounts receivable within one year40/41 | €50k | €19k | €3k | €41k | €41k | ▼ 0.6% |
| Trade receivables40 | - | €7k | €2k | €35k | €41k | ▲ 18.1% |
| Other amounts receivable41 | - | €12k | €939 | €7k | - | - |
| Cash at bank and in hand54/58 | €6k | €16k | €13k | €7k | €123k | ▲ 1,637% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89k | €63k | €16k | €48k | €212k | ▲ 338% |
| Equity10/15 | €-47k | €-39k | €-42k | €-25k | €11k | ▲ 142% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €-55k | €-47k | €-50k | €-33k | €2k | ▲ 108% |
| Amounts payable17/49 | €136k | €101k | €58k | €73k | €202k | ▲ 174% |
| Amounts payable after more than one year17 | - | - | - | - | €7k | - |
| Financial debts170/4 | - | - | - | - | €7k | - |
| Amounts payable within one year42/48 | €136k | €101k | €58k | €73k | €195k | ▲ 165% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | €62k | - |
| Trade debts44 | €2k | €10k | €6k | €39k | €99k | ▲ 155% |
| Suppliers440/4 | - | €10k | €6k | €39k | €99k | ▲ 155% |
| Taxes, remuneration and social security45 | - | €8k | €9k | - | €24k | - |
| Taxes450/3 | - | - | - | - | €24k | - |
| Remuneration and social security454/9 | - | €8k | €9k | - | - | - |
| Other amounts payable47/48 | - | €84k | €43k | €35k | €10k | ▼ 71.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €8k | €-3k | €17k | €36k | ▲ 113% |
| + Depreciation and write-downs630 | €20k | €14k | €27k | - | €11k | - |
| Operating cash flow (approximation) | €35k | €22k | €24k | €17k | €47k | ▲ 180% |
| Investment in fixed assets (approximation) | - | €-8k | €0 | - | - | - |
| Change in cash | - | €10k | €-3k | €-6k | €116k | ▲ 1,992% |
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
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 124 days late
2024
31-12
Financial
Highest result since 2018net €36k ▲113%
Operating result €41k, net result €36k, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 57 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Montigny-le-Tilleul · 1 establishment unit since 2003
Ground area
3,279 m²
Building footprint
139 m²
Volume, LiDAR
816 m³
2 parcels, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LA GUINGUETTE
since 20032.133.463.332
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52048D0078/00L014 | Wallonia | 1,774 m² | 1 · 124 m² | 8.6 m · 2 fl. |
| 52038B0470/00G000indicative | Wallonia | 1,505 m² | 1 · 15 m² | 3.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DBCONCEPT
BE 0754.569.433
Villers-le-Bouillet · Eq €10,549
KARVANSERA
BE 0810.808.350
Mechelen · Eq €10,548
NETACCOUNT
BE 0476.769.945
Maasmechelen · Eq €10,547
TRACK - IMMO
BE 0551.849.727
Eghezée · Eq €10,554
Square Consult
BE 0741.755.139
Zele · Eq €10,546
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 23,513 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
Founded25-09-2003
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.