AREMA
ActiveSummary
AREMA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,203 and a net result of €23,391. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 58% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+4
Solvency79▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.9 in 2024; short-term debt: 45.8% and cash: 1.4% of total assets), and 45.8% 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
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
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
54.2%
Return on assets
9.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
1 d early
2022
1 d early
2021
on the day
2020
8 d late
2019
24 d late
← 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 4 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€137,203▲ 20.6%
2024 · €113,811
Total assets
€253,079▲ 6.9%
2024 · €236,723
Net result
€23,391▲ 72.4%
2024 · €13,568
Working capital
€134,509▲ 21.6%
2024 · €110,609
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,923▼ 74.3%€4,050▼ 74.6%€8,714▲ 115%€26,051▲ 199%€42,072▲ 61.5%
Net result€7,194within the sector's middle half▼ 90.1%€3,330within the sector's middle half▼ 53.7%€4,897within the sector's middle half▲ 47.0%€13,568within the sector's middle half▲ 177%€23,391within the sector's middle half▲ 72.4%
Equity€92,016within the sector's middle half▲ 1.3%€95,347within the sector's middle half▲ 3.6%€100,243within the sector's middle half▲ 5.1%€113,811within the sector's middle half▲ 13.5%€137,203within the sector's middle half▲ 20.6%
Total assets€254,239within the sector's middle half▼ 29.7%€337,965above the sector's middle half▲ 32.9%€284,038within the sector's middle half▼ 16.0%€236,723within the sector's middle half▼ 16.7%€253,079within the sector's middle half▲ 6.9%
Debt€162,223▼ 40.1%€242,619▲ 49.6%€183,795▼ 24.2%€122,912▼ 33.1%€115,877▼ 5.7%
Working capital€90,608above the sector's middle half▼ 0.3%€94,347above the sector's middle half▲ 4.1%€97,582above the sector's middle half▲ 3.4%€110,609above the sector's middle half▲ 13.3%€134,509above the sector's middle half▲ 21.6%
Solvency36.2%within the sector's middle half▲ 11.1pp28.2%within the sector's middle half▼ 8.0pp35.3%within the sector's middle half▲ 7.1pp48.1%within the sector's middle half▲ 12.8pp54.2%within the sector's middle half▲ 6.1pp
Current ratio1.56within the sector's middle half▲ 0.221.39within the sector's middle half▼ 0.171.53within the sector's middle half▲ 0.141.90within the sector's middle half▲ 0.372.16within the sector's middle half▲ 0.26
Return on assets (ROA)2.8%within the sector's middle half▼ 17.2pp1.0%within the sector's middle half▼ 1.8pp1.7%within the sector's middle half▲ 0.7pp5.7%within the sector's middle half▲ 4.0pp9.2%within the sector's middle half▲ 3.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 61% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €253,079
Fixed assets
€2,693 ▼ 15.9%
Current assets
€250,386 ▲ 7.2%
Equity and liabilities €253,079
Equity
€137,203 ▲ 20.6%
Debt
€115,877 ▼ 5.7%
Debt's share of the balance-sheet total falls from 51.9% to 45.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44,017▲
2024 · €28,056
Cash flow
€25,337▲
2024 · €15,573
Quick ratio
2.07▲
2024 · 1.81
Debt to equity
0.84▼
2024 · 1.08
ROE
17.0%▲
2024 · 11.9%
Interest coverage
12.13▲
2024 · 7.89
Debt ≤ 1 year
€115,877▼
2024 · €122,912
Income taxes
€15,052▲
2024 · €8,927
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% 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
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,371 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | €4,732 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €984 | €1,602 | €665 | €2,005 | €1,945 | ▼ 3.0% |
| Other operating charges640/8 | - | €1,282 | €701 | €1,238 | €1,297 | ▲ 4.8% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €18,927 | €6,934 | €10,080 | €29,294 | €45,314 | ▲ 54.7% |
| Operating profit (loss)9901 | €15,923 | €4,050 | €8,714 | €26,051 | €42,072 | ▲ 61.5% |
| Financial income75/76B | - | €4,300 | €960 | €0 | €1 | ▲ 6,900% |
| Recurring financial income75 | €767 | €4,300 | €960 | €0 | €1 | ▲ 6,900% |
| Financial charges65/66B | - | €3,018 | €2,693 | €3,556 | €3,629 | ▲ 2.0% |
| Recurring financial charges65 | €4,994 | €3,018 | €2,693 | €3,556 | €3,629 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | €13,210 | €5,333 | €6,981 | €22,495 | €38,443 | ▲ 70.9% |
| Income taxes67/77 | €6,015 | €2,002 | €2,084 | €8,927 | €15,052 | ▲ 68.6% |
| Profit (loss) for the period9904 | €7,194 | €3,330 | €4,897 | €13,568 | €23,391 | ▲ 72.4% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €17,721 | €3,330 | €4,897 | €13,568 | €23,391 | ▲ 72.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €254,239 | €337,965 | €284,038 | €236,723 | €253,079 | ▲ 6.9% |
| Fixed assets21/28 | €2,289 | €1,506 | €2,661 | €3,202 | €2,693 | ▼ 15.9% |
| Tangible fixed assets22/27 | €2,289 | €1,506 | €2,661 | €3,202 | €2,693 | ▼ 15.9% |
| Plant, machinery and equipment23 | - | - | - | - | €1,368 | - |
| Furniture and vehicles24 | - | €1,506 | €2,661 | €3,202 | €1,325 | ▼ 58.6% |
| Current assets29/58 | €251,951 | €336,459 | €281,377 | €233,521 | €250,386 | ▲ 7.2% |
| Amounts receivable after more than one year29 | - | €215,000 | €215,000 | €215,000 | €215,000 | = |
| Other amounts receivable291 | - | €215,000 | €215,000 | €215,000 | €215,000 | = |
| Stocks and contracts in progress3 | - | €531 | €60,938 | €11,638 | €10,625 | ▼ 8.7% |
| Stocks30/36 | - | €531 | €60,938 | €11,638 | €10,625 | ▼ 8.7% |
| Amounts receivable within one year40/41 | €36,606 | €120,921 | €5,402 | €6,585 | €20,475 | ▲ 211% |
| Trade receivables40 | - | €10,083 | €5,402 | €6,506 | €17,149 | ▲ 164% |
| Other amounts receivable41 | - | €110,838 | - | €80 | €3,326 | ▲ 4,076% |
| Cash at bank and in hand54/58 | €103 | €7 | €38 | €15 | €3,605 | ▲ 24,441% |
| Deferred charges and accrued income490/1 | - | €0 | - | €284 | €680 | ▲ 140% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €254,239 | €337,965 | €284,038 | €236,723 | €253,079 | ▲ 6.9% |
| Equity10/15 | €92,016 | €95,347 | €100,243 | €113,811 | €137,203 | ▲ 20.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €20,460 | €20,460 | = |
| Reserves13 | €73,416 | €76,747 | €81,643 | €93,351 | €116,743 | ▲ 25.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €74,887 | €79,783 | €93,351 | €116,743 | ▲ 25.1% |
| Profit (loss) carried forward14 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €162,223 | €242,619 | €183,795 | €122,912 | €115,877 | ▼ 5.7% |
| Amounts payable within one year42/48 | €161,342 | €242,112 | €183,795 | €122,912 | €115,877 | ▼ 5.7% |
| Financial debts43 | - | €11,151 | €28,913 | €30,070 | €869 | ▼ 97.1% |
| Credit institutions430/8 | - | €11,151 | €28,913 | €30,070 | €869 | ▼ 97.1% |
| Trade debts44 | €95,773 | €180,784 | €138,101 | €63,976 | €83,387 | ▲ 30.3% |
| Suppliers440/4 | - | €180,784 | €138,101 | €63,976 | €83,387 | ▲ 30.3% |
| Taxes, remuneration and social security45 | - | €34,473 | €12,614 | €19,978 | €16,506 | ▼ 17.4% |
| Taxes450/3 | - | €8,999 | €3,562 | €9,558 | €15,052 | ▲ 57.5% |
| Remuneration and social security454/9 | - | €25,474 | €9,052 | €10,420 | €1,454 | ▼ 86.0% |
| Other amounts payable47/48 | - | €15,706 | €4,167 | €8,889 | €15,115 | ▲ 70.0% |
| Accrued charges and deferred income492/3 | - | €506 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,194 | €3,330 | €4,897 | €13,568 | €23,391 | ▲ 72.4% |
| + Depreciation and write-downs630 | €984 | €1,602 | €665 | €2,005 | €1,945 | ▼ 3.0% |
| Operating cash flow (approximation) | €8,179 | €4,932 | €5,561 | €15,573 | €25,337 | ▲ 62.7% |
| Investment in fixed assets (approximation) | - | -€820 | -€1,819 | -€2,546 | -€1,436 | ▲ 43.6% |
| Change in cash | - | -€96 | €31 | -€23 | €3,590 | ▲ 15,731% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €100,000Eq €100,243 ▲5.1%
5 profitable years in a row build equity to €100,243.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €3,330 ▼53.7%
Net result drops to €3,330, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 8 days late
2020
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
12-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Schaarbeek · 1 establishment unit since 2006
Ground area
90 m²
Building footprint
55 m²
Volume, LiDAR
741 m³
Parcel 21905C0082/00T002, Brussels · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AREMA
since 20062.153.255.884
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0082/00T002 | Brussels | 90 m² | 1 · 55 m² | 17.7 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.153.255.884
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,429. 6,138 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
Founded21-04-2006
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
10830Manufacture of food products
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43332Laying of wooden floor and wall coverings
43341Painting of buildings
43343Specialised construction activities
46370Wholesale trade
47279Other retail sale of food
97000Households as employers of domestic personnel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0880863334
Also
9925:BE0880863334
Registered
27-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.