Result
€187,372 €187,372
Back in profit in 2025, after a loss of €427,396 in 2024.
AREÔS
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2004peak €4.4m (2012)
€1.2m▲ 131%
lowest -€427,396 (2024)
€187,372▲ €614,768
peak €12.1m (2023)
€8.8m▲ 1.8%
€10.7m▼ 4.6%
peak 47.1 FTE (2013)
-not published
Board3 names since 2022
2 directorsNV Hermeias and 1 other
Owners
consolidatesHermeias
Documentsfilings and deeds
18-06-202643 days before the deadline
2025financial year
Gross margin from €536,753 to €1.2mBack to profit: €187,372Cash from €527,830 to €2.5m
Key points
from the 2025 annual accountsChecked score
95
Excellent
Financially stronger than 64% of medium-sized companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: 0.1%▲ +0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026highest value
06-2026: 0.1%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
No main activity registered
lowers risk
Size: total assets €19.8m
Figures for financial year 2025 (filed on 18-06-2026)
Equity €8.8m (44.2% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, medium-sized). It does better than 34% of them on solvency, 92% on liquidity, 71% on profitability and 58% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as AREÔS has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of AREÔS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for AREÔS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.33 (1.17 in 2024), above the usual 1.5. Short-term debt is 6.4% and cash 12.7% of total assets. However, 55.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
77 days early
2023
36 days early
2022
19 days early
2021
30 days early
2020
24 days early
2019
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 36 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 June (3 of the last 3 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Hermeias 100%equity €18.1m (2025) · 2024 annual accounts of Hermeias
- Hermeias NV consolidatesannual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0860136612
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Verbouwen en/of uitbreiden van bijgebouwen, niet-overdekte lage constructies of wijzigen van andere beperkte handelingen · Nazareth-De Pinte
Resignation: Van Riet Viktor (director)
Director discharge: Van Riet Viktor · General meeting of 17-06-2024 · Gazette deed
Official details
Source: KBO- Status
- Active since 19-08-2003Normal situation
- Activity
- NACE 41102and 4 others
- Establishment unit
- 2.133.534.7949840 Nazareth-De Pinte, since 12-08-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €2.1mestimated
- €19.8m▼ 1.9%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on AREÔS
AREÔS has existed since 2003. In 2018 the gross margin rose from €76,786 to €454,113.
Hermeias holds all the shares. In April 2022, the Official Gazette published the appointment of NV Hermeias as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AREÔS
- What is the company number of AREÔS?
- The company number of AREÔS is 0860.136.612. The VAT number is the same number with BE in front: BE 0860.136.612.
- Where is AREÔS based?
- The registered office is at Kunstschildersweg 5B, 9840 Nazareth-De Pinte.Company details
- What is the legal form of AREÔS?
- AREÔS is a public limited company (NV).
- When was AREÔS founded?
- AREÔS was founded on 19-08-2003.
- Is AREÔS still active?
- Yes, AREÔS is an active enterprise in the KBO register.
- How many employees does AREÔS have?
- AREÔS had an average of 1.8 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of AREÔS?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €1.2m and 1,585 comparable companies of the same size. It probably lies between €1.4m and €3.5m. It is a rough estimate.
- Is AREÔS profitable?
- In financial year 2025, AREÔS made a profit of €187,372.
- Where can I find the annual accounts of AREÔS?
- AREÔS filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AREÔS due?
- AREÔS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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