Equity
Arez has made a profit without a break since 2022.
Arez has made a profit without a break since 2022.
Turnover fell in 2024 from €599,815 to €296,528.
Arez pays its suppliers 273 days later than in 2023. Customers pay 8 days later.
Short-term debts fell from €240,563 to €171,000.
2025 accounts not filed: deadline was 31-07-2026.
More equity than 95% of companies in repair and installation of machinery. Sector median €59,109 · 1,621 companies.
The dashed line is the sector median: 0.7% across 2,397 companies (NACE 33, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 33, micro). It does better than 91% of them on solvency, 36% on liquidity, 38% on profitability and 22% 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
Liquidity is insufficient, with a current ratio of 0.83 (3.74 in 2023), below 1. Short-term debt is 18% and cash 0.5% of total assets. 18% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 609 days after the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Arez Grobbendonk | €0.9m | €206,784 | 82.0% | - |
| ATELIER JMD Le Roeulx | €1.1m | €211,433 | 66.5% | 0.7 |
| MECAGRI CALLEMEYN Jurbise | €1.1m | €247,669 | 51.7% | - |
| A.R.G. Brecht | €0.9m | €203,372 | 69.8% | - |
| DOWE DOORS Geel | €0.7m | €174,214 | 58.5% | - |
| DE WEERDT Rijkevorsel | €1.0m | €300,036 | 32.9% | 1.8 |
| GEOMECHANICS Schoten | €1.4m | €226,335 | 10.5% | - |
These companies have the same main activity as Arez: repair and maintenance of machinery (NACE 33120). They are comparable in size and age: total assets between €671,000 and €1.4m, founded between 2009 and 2014.
Arez files the micro format. That format states no turnover. The gross margin rose from €46,595 in 2013 to €206,784 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 9 November 2026.
Higher than 87% of 1,619 companies in 2024.
Higher than 16% of 1,592 companies in 2024.
Higher than 22% of 1,595 companies in 2024.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
948,228 | 1.0m | 929,036 | 1.6m | 1.6m | 920,843 | 732,986 | 394,029 | 220,852 | 54,601 | 55,304 | 62,184 | |
20 |
- | - | - | - | - | 0 | - | - | - | - | - | - | |
21/28 |
805,590 | 113,251 | 123,210 | 154,611 | 178,910 | 82,365 | 50,633 | 23,357 | 37,265 | 4,683 | - | 520 | |
21 |
- | - | - | - | - | 0 | - | - | - | - | - | - | |
22/27 |
74,740 | 112,701 | 122,660 | 154,061 | 178,360 | 81,815 | 50,083 | 22,807 | 37,215 | 4,683 | - | 520 | |
22 |
- | - | - | - | - | 0 | - | - | - | - | - | - | |
23 |
9,744 | 11,560 | 8,326 | 6,421 | 4,597 | 9,271 | 6,280 | 3,176 | 2,254 | - | - | - | |
24 |
51,146 | 80,571 | 83,147 | 113,971 | 144,795 | 39,476 | 9,307 | 19,632 | 34,960 | 4,683 | - | 520 | |
26 |
13,851 | 20,571 | 31,187 | 33,669 | 28,968 | 33,069 | 34,497 | - | - | - | - | - | |
27 |
- | - | - | - | - | 0 | - | - | - | - | - | - | |
28 |
730,850 | 550 | 550 | 550 | 550 | 550 | 550 | 550 | 50 | - | - | - | |
29/58 |
142,638 | 898,896 | 805,826 | 1.4m | 1.5m | 838,478 | 682,352 | 370,672 | 183,588 | 49,918 | 55,304 | 61,665 | |
29 |
- | 725,000 | 725,000 | 725,000 | 725,000 | 725,000 | 525,000 | 301,785 | 107,619 | - | - | - | |
290 |
- | - | - | - | - | 0 | - | - | - | - | - | - | |
291 |
- | 725,000 | 725,000 | 725,000 | 725,000 | 725,000 | 525,000 | 301,785 | 107,619 | - | - | - | |
3 |
- | - | - | - | - | 0 | - | - | - | - | - | - | |
30/36 |
- | - | - | - | - | 0 | - | - | - | - | - | - | |
37 |
- | - | - | - | - | 0 | - | - | - | - | - | - | |
40/41 |
138,174 | 166,511 | 75,342 | 667,470 | 729,930 | 91,571 | 115,541 | 54,363 | 57,008 | 48,549 | 54,323 | 54,166 | |
40 |
30,087 | 48,338 | 44,521 | 269,702 | 115,027 | 42,834 | 72,892 | 52,319 | 57,008 | 44,812 | 18,088 | 13,251 | |
41 |
108,088 | 118,173 | 30,821 | 397,769 | 614,903 | 48,736 | 42,648 | 2,045 | - | 3,737 | 36,235 | 40,915 | |
50/53 |
- | - | - | - | - | 0 | - | - | - | - | - | - | |
54/58 |
4,464 | 7,384 | 5,484 | 11,213 | 322 | 17,760 | 41,812 | 14,523 | 18,960 | 1,369 | 981 | 7,499 | |
490/1 |
- | - | - | 7,702 | 753 | 4,148 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
948,228 | 1.0m | 929,036 | 1.6m | 1.6m | 920,843 | 732,986 | 394,029 | 220,852 | 54,601 | 55,304 | 62,184 | |
10/15 |
777,228 | 771,585 | 723,923 | 674,465 | 736,978 | 475,389 | 354,100 | 169,426 | 109,703 | 38,657 | 35,216 | 37,439 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
668,265 | 668,265 | 668,265 | 668,265 | 731,745 | 469,189 | 347,900 | 163,226 | 103,503 | 32,457 | 31,239 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
666,405 | 666,405 | 666,405 | 666,405 | 729,885 | 467,329 | 346,040 | 161,366 | 101,643 | 30,597 | 29,379 | - | |
14 |
102,763 | 97,120 | 49,458 | - | -967 | - | - | - | - | 0 | -2,223 | 29,379 | |
17/49 |
171,000 | 240,563 | 205,113 | 891,532 | 897,936 | 445,454 | 378,885 | 224,603 | 111,149 | 15,944 | 20,088 | 24,745 | |
42/48 |
171,000 | 240,563 | 202,313 | 888,732 | 760,001 | 445,454 | 378,885 | 224,603 | 111,149 | 15,944 | 20,088 | 24,745 | |
42 |
- | - | - | - | - | - | - | - | - | - | 20,088 | - | |
44 |
74,197 | 15,661 | 7,625 | 71,386 | 49,148 | 66,259 | 59,870 | 50,848 | 28,885 | - | - | 1,811 | |
440/4 |
74,197 | 15,661 | 7,625 | 71,386 | 49,148 | 66,259 | 59,870 | 50,848 | 28,885 | - | - | 1,811 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | 6,847 | |
45 |
96,803 | 224,901 | 194,688 | 817,345 | 710,854 | 377,125 | 319,015 | 173,754 | 82,263 | 15,944 | - | 16,088 | |
450/3 |
54,338 | 133,118 | 132,805 | 695,578 | 589,450 | 303,620 | 281,476 | 167,992 | 80,477 | 15,944 | - | 16,088 | |
454/9 |
42,465 | 91,783 | 61,883 | 121,768 | 121,404 | 73,505 | 37,539 | 5,763 | 1,786 | - | - | - | |
47/48 |
- | - | - | - | 0 | 2,070 | - | - | - | - | - | - | |
492/3 |
- | - | 2,800 | 2,800 | 137,935 | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||
70 |
296,528 | 599,815 | 607,010 | - | - | - | - | - | - | 82,393 | 58,625 | - | |
9900 |
206,784 | 403,921 | 442,609 | 610,164 | 775,753 | 485,265 | 406,335 | 151,600 | 138,477 | 6,191 | -3,656 | 46,595 | |
60/61 |
89,744 | 195,895 | 164,401 | - | - | - | - | - | - | 76,202 | 62,281 | - | |
62 |
162,643 | 309,354 | 350,684 | 514,902 | 437,828 | 290,946 | 114,302 | 42,326 | 5,656 | - | - | - | |
630 |
36,461 | 13,425 | 38,641 | 40,174 | 19,109 | 26,472 | 26,062 | 17,550 | 18,607 | 2,341 | 520 | 650 | |
631/4 |
- | 32,686 | - | - | - | - | - | - | - | - | - | - | |
640/8 |
1,433 | 129 | 1,204 | 24,640 | 30,047 | 7,180 | 8,124 | 23,392 | 3,658 | 533 | 739 | 797 | |
66A |
- | - | - | 4,641 | 5,403 | - | 12,000 | - | - | - | - | - | |
9901 |
6,247 | 48,327 | 52,080 | 25,807 | 283,366 | 160,667 | 245,848 | 68,333 | 110,555 | 3,317 | -4,915 | 45,147 | |
75/76B |
- | - | - | 59,690 | 82,623 | 56,236 | 37,337 | 11,249 | 1,707 | 1,487 | 3,128 | 1,647 | |
75 |
- | - | - | 59,690 | 82,623 | 56,236 | 37,337 | 11,249 | 1,707 | 1,487 | 3,128 | 1,647 | |
65/66B |
603 | 665 | 2,621 | 41,456 | 9,914 | 44,749 | 13,759 | 798 | 4,435 | 162 | 81 | 925 | |
65 |
603 | 665 | 2,621 | 41,456 | 9,914 | 44,749 | 13,759 | 798 | 4,435 | 162 | 81 | 925 | |
9903 |
5,643 | 47,662 | 49,458 | 44,041 | 356,074 | 172,154 | 269,425 | 78,784 | 107,827 | 4,642 | -1,868 | 45,869 | |
67/77 |
- | - | - | 107,521 | 94,486 | 50,865 | 84,751 | 19,062 | 36,781 | 1,201 | 355 | 14,630 | |
9904 |
5,643 | 47,662 | 49,458 | -63,481 | 261,589 | 121,289 | 184,674 | 59,723 | 71,047 | 3,441 | -2,223 | 31,239 | |
9905 |
5,643 | 47,662 | 49,458 | -63,481 | 261,589 | 121,289 | 184,674 | 59,723 | 71,047 | 3,441 | -2,223 | 31,239 | |
| Appropriation of the result | |||||||||||||
9906 |
102,763 | 97,120 | 49,458 | -63,481 | 261,589 | 121,289 | 184,674 | 59,723 | 71,047 | 1,218 | -2,223 | 31,239 | |
14P |
97,120 | 49,458 | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | 63,481 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 0 | 262,556 | 121,289 | 184,674 | 59,723 | 71,047 | 1,218 | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | 0 | 262,556 | 121,289 | 184,674 | 59,723 | 71,047 | 1,218 | - | - | |
| Social balance sheet | |||||||||||||
9087 |
- | - | - | 12.7 | 11.6 | 7.9 | 3.6 | 1 | 0.2 | - | - | - | |
Hours worked1013 |
- | - | - | 15,658 | 15,208 | 9,886 | 4,456 | 1,672 | 216 | - | - | - | |
| Document | |||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2024 at the NBB, filed on 15-10-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 15-10-2026 | 2026-00558749 | |
| 31-12-2023 | micro format | 05-10-2026 | 2026-00546469 | |
| 31-12-2022 | micro format | 15-10-2026 | 2026-00558766 | |
| 31-12-2021 | abbreviated format | 22-11-2024 | 2024-00606137 | |
| 31-12-2020 | abbreviated format | 01-02-2022 | 2022-03600338 | |
| 31-12-2019 | abbreviated format | 04-03-2021 | 2021-06800340 | |
| 31-12-2018 | abbreviated format | 09-02-2021 | 2021-04900102 | |
| 31-12-2017 | micro format | 14-06-2019 | 2019-21600337 | |
| 31-12-2016 | abbreviated format | 22-03-2018 | 2018-07600427 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-53400178 | |
| 31-12-2014 | abbreviated format | 08-07-2016 | 2016-29600018 | |
| 31-12-2013 | abbreviated format | 17-05-2015 | 2015-12100329 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 42,708 | 61,752 | 90,721 | 65,981 | 302,475 | 187,139 | 271,909 | 85,883 | 129,163 | 5,658 | -4,395 | 45,797 | ||
| 42,104 | 61,087 | 88,100 | -23,307 | 280,698 | 147,761 | 210,736 | 77,273 | 89,654 | 5,782 | -1,703 | 31,889 | ||
| 730,300 | 3,466 | 15,875 | 15,875 | 148,454 | 58,203 | 53,338 | 16,273 | 55,872 | 7,024 | 0 | 1,170 | ||
| -2,921 | 1,901 | -5,730 | 10,892 | -17,438 | -24,052 | 27,289 | -4,437 | 17,591 | 388 | -6,518 | - | ||
| -28,362 | 658,333 | 603,513 | 522,654 | 696,003 | 393,024 | 303,467 | 146,069 | 72,439 | 33,974 | 35,216 | 36,920 | ||
| 2.1% | 8.1% | 8.6% | - | - | - | - | - | - | 4.0% | -8.4% | - | ||
| 82.0% | 76.2% | 77.9% | 43.1% | 45.1% | 51.6% | 48.3% | 43.0% | 49.7% | 70.8% | 63.7% | 60.2% | ||
| 0.83 | 3.74 | 3.98 | 1.59 | 1.92 | 1.88 | 1.80 | 1.65 | 1.65 | 3.13 | 2.75 | 2.49 | ||
| 0.22 | 0.31 | 0.28 | 1.32 | 1.22 | 0.94 | 1.07 | 1.33 | 1.01 | 0.41 | 0.57 | 0.66 | ||
| 0.7% | 6.2% | 6.8% | -9.4% | 35.5% | 25.5% | 52.2% | 35.3% | 64.8% | 8.9% | -6.3% | 83.4% | ||
| 0.6% | 4.7% | 5.3% | -4.1% | 16.0% | 13.2% | 25.2% | 15.2% | 32.2% | 6.3% | -4.0% | 50.2% | ||
| 70.78 | 92.82 | 34.61 | 1.59 | - | - | - | - | - | - | - | - | ||
| 37 days | 29 days | 27 days | - | - | - | - | - | - | 199 days | 113 days | - | ||
| 302 days | 29 days | 17 days | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 11 |
| full-time | 11 |
| part-time | 0 |
| in full-time equivalents | 11 |
| 12.7 | |
| On a permanent contract | 10 |
| Joined | 7 |
| Left | 12 |
Source: social balance sheet in the 2021 annual accounts
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Overdue tax debts | - | - | - | €386,112 |
| Overdue social security (RSZ) debts | - | - | - | €28,328 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts)
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | - | €3,466 | €15,875 | €15,875 |
| Financial fixed assets | €730,300 | - | - | - |
| €36,461 | €13,425 | €38,641 | €40,174 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is 87% lower than in 2023 and the lowest since 2015. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 23.8% to 18.0%. Equity is higher and debt is lower.
Arez has no parent and no holdings in its annual accounts. Arez shares no director with another company.
| IndustryVibes
registered office since 19-07-2018 · founded in 2018 · accounts filed late |
turnover €2.5m (2024) 0700.272.296 |
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Arez was incorporated on 19 March 2012.1 The registered office moved to Antwerp in 2020 and to Grobbendonk in 2024.23 Turnover fell from €607,010 in 2022 to €296,528 in 2024 and headcount from 3.6 full-time equivalents in 2018 to 12.7 in 2021.4 On 23 December 2025 the company was declared bankrupt.5
| Establishment | Since | Unit number |
|---|---|---|
| Herentalse steenweg 89A registered office 2280 Grobbendonk | 19-03-2012 | 2.208.845.693 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13010E0195/00S002 | 4,048 m² | 1 · 2,443 m² | 20.6 m · 1 |
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