AREMA
ActiveSummary
AREMA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105,626 and a net result of €31,917. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+8
Solvency86▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 11.42 against 6.14 in 2024; short-term debt: 6.6% and cash: 25.3% of total assets), and 38.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.4%
Return on assets
18.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-04-2026, 69 days 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
69 d late
2024
28 d late
2023
1 d early
2022
1 d early
2021
28 d late
2020
3 d early
2019
34 d early
← 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 12 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€105,626▲ 43.3%
2024 · €73,709
Total assets
€171,924▼ 15.5%
2024 · €203,568
Net result
€31,917▲ 30.2%
2024 · €24,516
Working capital
€117,770▼ 7.9%
2024 · €127,825
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
Line20212022202320242025
Operating result-€3,451€12,465€16,984▲ 36.3%€34,491▲ 103%€43,493▲ 26.1%
Net result-€6,978▼ 146%€8,830€12,381▲ 40.2%€24,516▲ 98.0%€31,917▲ 30.2%
Equity€31,206▼ 18.3%€40,037▲ 28.3%€49,194▲ 22.9%€73,709▲ 49.8%€105,626▲ 43.3%
Total assets€154,421▼ 1.5%€147,538▼ 4.5%€157,580▲ 6.8%€203,568▲ 29.2%€171,924▼ 15.5%
Debt€123,214▲ 4.0%€107,501▼ 12.8%€108,386▲ 0.8%€129,858▲ 19.8%€66,298▼ 48.9%
Working capital€71,770▲ 23.7%€100,199▲ 39.6%€153,955▲ 53.6%€127,825▼ 17.0%€117,770▼ 7.9%
Staff (FTE)0.5
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171,924
Fixed assets
€42,856 ▼ 15.8%
Current assets
€129,068 ▼ 15.5%
Equity and liabilities €171,924
Equity
€105,626 ▲ 43.3%
Debt
€66,298 ▼ 48.9%
Debt's share of the balance-sheet total falls from 63.8% to 38.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51,522▲
2024 · €42,127
Cash flow
€39,945▲
2024 · €32,151
Current ratio
11.42▲
2024 · 6.14
Debt to equity
0.63▼
2024 · 1.76
ROE
30.2%▼
2024 · 33.3%
ROA
18.6%▲
2024 · 12.0%
Interest coverage
79.95▼
2024 · 351.05
Debt ≤ 1 year
€11,298▼
2024 · €24,858
Debt > 1 year
€55,000▼
2024 · €105,000
Income taxes
€11,264▲
2024 · €9,884
Staff costs
€38,627▼
2024 · €47,133
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 31,324 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €31,339 | €42,564 | €47,133 | €38,627 | ▼ 18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,747 | €21,099 | €19,599 | €7,635 | €8,028 | ▲ 5.1% |
| Other operating charges640/8 | - | €1,141 | €1,141 | €4,974 | €2,360 | ▼ 52.6% |
| Gross operating margin9900 | €52,848 | €66,044 | €80,288 | €94,233 | €92,508 | ▼ 1.8% |
| Operating profit (loss)9901 | -€3,451 | €12,465 | €16,984 | €34,491 | €43,493 | ▲ 26.1% |
| Financial income75/76B | - | €0 | €40 | €28 | €332 | ▲ 1,069% |
| Recurring financial income75 | - | €0 | €40 | €28 | €332 | ▲ 1,069% |
| Financial charges65/66B | - | €196 | €265 | €120 | €644 | ▲ 437% |
| Recurring financial charges65 | €121 | €196 | €265 | €120 | €644 | ▲ 437% |
| Profit (loss) for the period before taxes9903 | -€3,572 | €12,269 | €16,759 | €34,400 | €43,181 | ▲ 25.5% |
| Income taxes67/77 | €3,407 | €3,439 | €4,378 | €9,884 | €11,264 | ▲ 14.0% |
| Profit (loss) for the period9904 | -€6,978 | €8,830 | €12,381 | €24,516 | €31,917 | ▲ 30.2% |
| Profit (loss) for the period to be appropriated9905 | -€6,978 | €8,830 | €12,381 | €24,516 | €31,917 | ▲ 30.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,421 | €147,538 | €157,580 | €203,568 | €171,924 | ▼ 15.5% |
| Fixed assets21/28 | €39,437 | €19,838 | €239 | €50,884 | €42,856 | ▼ 15.8% |
| Tangible fixed assets22/27 | €39,198 | €19,599 | - | €50,646 | €42,617 | ▼ 15.9% |
| Furniture and vehicles24 | - | €19,599 | - | €50,646 | €42,617 | ▼ 15.9% |
| Financial fixed assets28 | €239 | €239 | €239 | €239 | €239 | = |
| Current assets29/58 | €114,984 | €127,700 | €157,341 | €152,683 | €129,068 | ▼ 15.5% |
| Amounts receivable within one year40/41 | €45,868 | €49,479 | €64,539 | €84,386 | €84,913 | ▲ 0.6% |
| Trade receivables40 | - | €45,303 | €62,476 | €82,972 | €84,913 | ▲ 2.3% |
| Other amounts receivable41 | - | €4,176 | €2,063 | €1,414 | - | - |
| Cash at bank and in hand54/58 | €68,504 | €76,621 | €91,070 | €66,302 | €43,466 | ▼ 34.4% |
| Deferred charges and accrued income490/1 | - | €1,599 | €1,732 | €1,995 | €689 | ▼ 65.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,421 | €147,538 | €157,580 | €203,568 | €171,924 | ▼ 15.5% |
| Equity10/15 | €31,206 | €40,037 | €49,194 | €73,709 | €105,626 | ▲ 43.3% |
| Contributions10/11 | - | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Outside capital11 | - | €45,000 | €45,000 | €45,000 | - | - |
| Other1109/19 | - | €45,000 | €45,000 | €45,000 | - | - |
| Reserves13 | €902 | €902 | €902 | €902 | €902 | = |
| Non-distributable reserves130/1 | - | €902 | €902 | €902 | €902 | = |
| Reserves not available under the articles1311 | - | €902 | €902 | €902 | €902 | = |
| Profit (loss) carried forward14 | -€14,696 | -€5,866 | €3,291 | €27,807 | €59,724 | ▲ 115% |
| Amounts payable17/49 | €123,214 | €107,501 | €108,386 | €129,858 | €66,298 | ▼ 48.9% |
| Amounts payable after more than one year17 | €80,000 | €80,000 | €105,000 | €105,000 | €55,000 | ▼ 47.6% |
| Financial debts170/4 | - | €80,000 | €105,000 | €105,000 | €55,000 | ▼ 47.6% |
| Amounts payable within one year42/48 | €43,214 | €27,501 | €3,386 | €24,858 | €11,298 | ▼ 54.6% |
| Trade debts44 | €1,128 | €1,959 | €22 | €10,390 | €1,969 | ▼ 81.0% |
| Suppliers440/4 | - | €1,959 | €22 | €10,390 | €1,969 | ▼ 81.0% |
| Taxes, remuneration and social security45 | - | - | €2,546 | €13,650 | €7,919 | ▼ 42.0% |
| Taxes450/3 | - | - | €1,780 | €8,336 | €7,337 | ▼ 12.0% |
| Remuneration and social security454/9 | - | - | €766 | €5,314 | €582 | ▼ 89.1% |
| Other amounts payable47/48 | - | €25,542 | €818 | €818 | €1,410 | ▲ 72.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,978 | €8,830 | €12,381 | €24,516 | €31,917 | ▲ 30.2% |
| + Depreciation and write-downs630 | €20,747 | €21,099 | €19,599 | €7,635 | €8,028 | ▲ 5.1% |
| Operating cash flow (approximation) | €13,769 | €29,929 | €31,980 | €32,151 | €39,945 | ▲ 24.2% |
| Investment in fixed assets (approximation) | - | -€1,500 | €0 | -€58,281 | €0 | ▲ 100% |
| Change in cash | - | €8,118 | €14,449 | -€24,769 | -€22,835 | ▲ 7.8% |
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
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 69 days late
2025
30-06
Financial
Highest result since 2019net €31,917 ▲30.2%
Operating result €43,493, net result €31,917, both a record.
30-06
Financial
Equity above €100,000Eq €105,626 ▲43.3%
4 profitable years in a row build equity to €105,626.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity times 10current ratio 46.47
Current ratio from 4.64 to 46.47; short-term debt falls from €27,501 to €3,386.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €8,830
Net result €8,830 after 2 loss-making years.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-06
Financial
Weakest financial yearnet -€6,978
Net result drops to -€6,978, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Elsene · 1 establishment unit since 2001
Ground area
450 m²
Building footprint
179 m²
Volume, LiDAR
3,444 m³
Parcel 21444B0129/00L003, Brussels · tallest building 23.0 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Emile Duraylaan 40, 1050 Elsene
since 20012.096.970.744
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0129/00L003 | Brussels | 450 m² | 1 · 178 m² | 23.0 m · 7 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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BE 1017.275.622
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,688 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
Founded29-01-2001
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473943978
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.