Financials
- Fiscal year
- 2025
- Total assets
- €24,881
- Loss
- -€7,969
- Solvency
- 18.6%
Total assets▼ 44.4%
Net result
20192025
ARES-GROUP
ActiveSummary
The annual accounts of ARES-GROUP for fiscal year 2025 show a net loss of 63% of the equity at the start of that year. The 2025 annual accounts show equity of €4,633 and a net result of -€7,969. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 33,994 sector peers (NACE 43, fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Plumbing work
NACE 43221
1 site
Size
€24,881total assets 2025
- Equity
- €4,633
- Loss
- -€7,969
Turnover not published (abridged schema)
Structure
- Board
- 1 member
Accounts 4 days early1 of 3 deeds read
Why 54Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €7,969, the second in a row (FY 2025)+ Liquidity: current ratio 1.44, cash €16,424+ Size: total assets €24,881+ Founded in 2006Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 24% of its sector peers (NACE 43, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
44-9
equity 18.6% of total assets
Liquidity
65+38
short-term debt 65.6% · cash 66.0%
Profitability
0-24
return on assets -32.0%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● unchanged vs 11-2024lowest value
01-2025: 0.4%▲ +0.1 percentage points vs 12-2024
02-2025: 0.7%▲ +0.3 percentage points vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.8%▲ +0.1 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.7%▼ -0.1 percentage points vs 11-2025
01-2026: 0.9%▲ +0.2 percentage points vs 12-2025highest value
02-2026: 0.3%▼ -0.6 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.44 against 0.59 in 2024; short-term debt: 65.6% and cash: 66% of total assets), and 81.4% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 43, micro): better than 20% on solvency, 64% on liquidity, 4% on profitability and 7% on growth.
The bankruptcy probability was computed on 06-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€7,969
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 33994 sector peers (2025).
NBB · sector comparisonPosition among 33994 sector peers
Solvency
better than 21%
← weakest
strongest →
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 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
24 days late
2023
18 days early
2022
36 days early
2021
34 days early
2020
40 days early
2019
36 days 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 21 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% 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 13 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close07-10-2026 today31-01-2027 deadline
- Appointment: MURAT Timurkan (bijkomende niet statutaire…Purpose change · Statutes amendment…
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€7,969
Key points
By topic
Board & ownership
- Board
- 1 member
Go to Board & ownership
Timeline
- Events
- 15
- Since
- 2016
- Next accounts
- by 31-01-2027
- 30-06-2025Liquidity doubles
- 24-02-2025Annual accounts filed
- 13-01-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Plumbing workNACE 43221
- Founded
- 19-12-2006
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 3
- Financial year
- From 1 January to 31 December
- Annual meeting
- Third Friday of June at 20:00
- Purpose
- Onderneming voor stellingbouw, steigers werkplatforms in de meest ruime betekenis en alle…
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