ARHA STUDIO
ActiveSummary
ARHA STUDIO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€12,348) and a net result of -€16,521. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 9574 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-45
Solvency4▼-26
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.84 against 1.17 in 2024; short-term debt: 93.5% and cash: 0% of total assets), and equity is negative.
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Signals
Six 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-21%
Return on assets
-28%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€12,348
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 22-07-2026, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
9 d early
2024
29 d late
2023
15 d early
2022
29 d late
2021
31 d late
2020
16 d late
2019
122 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 29 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€12,348
2024 · €4,173
Total assets
€58,937▼ 31.4%
2024 · €85,878
Net result
-€16,521
2024 · €1,131
Working capital
-€9,066
2024 · €9,921
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,257-€16,616€6,115€5,486▼ 10.3%-€13,158
Net result€13,188within the sector's middle half-€19,527below the sector's middle half€9below the sector's middle half€1,131within the sector's middle half▲ 12,916%-€16,521below the sector's middle half
Equity€22,560below the sector's middle half▲ 141%€3,033below the sector's middle half▼ 86.6%€3,042below the sector's middle half▲ 0.3%€4,173below the sector's middle half▲ 37.2%-€12,348below the sector's middle half
Total assets€90,058within the sector's middle half▲ 24.7%€137,230within the sector's middle half▲ 52.4%€123,808within the sector's middle half▼ 9.8%€85,878within the sector's middle half▼ 30.6%€58,937below the sector's middle half▼ 31.4%
Debt€67,497▲ 7.4%€134,196▲ 98.8%€120,766▼ 10.0%€81,705▼ 32.3%€71,285▼ 12.8%
Working capital€17,604within the sector's middle half▲ 16.3%€25,648within the sector's middle half▲ 45.7%€12,802within the sector's middle half▼ 50.1%€9,921within the sector's middle half▼ 22.5%-€9,066below the sector's middle half
Solvency25.1%below the sector's middle half▲ 12.1pp2.2%below the sector's middle half▼ 22.8pp2.5%below the sector's middle half▲ 0.2pp4.9%below the sector's middle half▲ 2.4pp-21.0%below the sector's middle half▼ 25.8pp
Current ratio1.45within the sector's middle half▲ 0.061.33within the sector's middle half▼ 0.121.15within the sector's middle half▼ 0.171.17within the sector's middle half▲ 0.020.84below the sector's middle half▼ 0.34
Return on assets (ROA)14.6%within the sector's middle half▲ 27.4pp-14.2%below the sector's middle half▼ 28.9pp0.0%below the sector's middle half▲ 14.2pp1.3%within the sector's middle half▲ 1.3pp-28.0%below the sector's middle half▼ 29.3pp
Staff (FTE)1.2▲ 50.0%1.3▲ 8.3%1.6▲ 23.1%0.6▼ 62.5%0.1▼ 83.3%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
The operating result turns negative in 2025: a loss of €13,158 after €5,486 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,937
Fixed assets
€12,888 ▼ 31.6%
Current assets
€46,048 ▼ 31.3%
Key figures and ratios
EBITDA
-€6,040▼
2024 · €12,574
Cash flow
-€9,403▼
2024 · €8,219
Quick ratio
0.39▲
2024 · 0.31
Debt to equity
-5.77▼
2024 · 19.58
Interest coverage
-1.77▼
2024 · 2.91
Debt ≤ 1 year
€55,115▼
2024 · €57,104
Debt > 1 year
€13,134▼
2024 · €23,411
Income taxes
€269▼
2024 · €278
Staff costs
€2,132▼
2024 · €9,746
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% 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 6,010 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 | €40,839 | €43,568 | €45,044 | €9,746 | €2,132 | ▼ 78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,963 | €7,986 | €7,437 | €7,087 | €7,117 | ▲ 0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,380 | €2,986 | €2,142 | €1,978 | -€1,303 | ▼ 166% |
| Other operating charges640/8 | €1,282 | €2,339 | €1,644 | €3,032 | €2,011 | ▼ 33.7% |
| Gross operating margin9900 | €68,721 | €40,263 | €62,382 | €27,330 | -€3,201 | ▼ 112% |
| Operating profit (loss)9901 | €15,257 | -€16,616 | €6,115 | €5,486 | -€13,158 | ▼ 340% |
| Financial income75/76B | €645 | €459 | €54 | €239 | €310 | ▲ 29.7% |
| Recurring financial income75 | €645 | €459 | €54 | €239 | €310 | ▲ 29.7% |
| Financial charges65/66B | €2,661 | €3,147 | €5,881 | €4,317 | €3,404 | ▼ 21.1% |
| Recurring financial charges65 | €2,661 | €3,147 | €5,881 | €4,317 | €3,404 | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €13,240 | -€19,304 | €289 | €1,409 | -€16,252 | ▼ 1,254% |
| Income taxes67/77 | €53 | €223 | €280 | €278 | €269 | ▼ 3.2% |
| Profit (loss) for the period9904 | €13,188 | -€19,527 | €9 | €1,131 | -€16,521 | ▼ 1,561% |
| Profit (loss) for the period to be appropriated9905 | €13,188 | -€19,527 | €9 | €1,131 | -€16,521 | ▼ 1,561% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90,058 | €137,230 | €123,808 | €85,878 | €58,937 | ▼ 31.4% |
| Formation expenses20 | €1,118 | €508 | €0 | - | - | - |
| Fixed assets21/28 | €32,027 | €32,163 | €25,940 | €18,853 | €12,888 | ▼ 31.6% |
| Intangible fixed assets21 | €638 | €114 | €791 | €517 | €244 | ▼ 52.8% |
| Tangible fixed assets22/27 | €31,389 | €27,650 | €20,750 | €13,936 | €8,244 | ▼ 40.8% |
| Furniture and vehicles24 | €27,087 | €23,122 | €16,853 | €10,670 | €5,610 | ▼ 47.4% |
| Other tangible fixed assets26 | €4,302 | €4,527 | €3,896 | €3,265 | €2,634 | ▼ 19.3% |
| Financial fixed assets28 | - | €4,400 | €4,400 | €4,400 | €4,400 | = |
| Current assets29/58 | €56,913 | €104,558 | €97,868 | €67,025 | €46,048 | ▼ 31.3% |
| Stocks and contracts in progress3 | €34,724 | €53,805 | €72,986 | €49,484 | €24,560 | ▼ 50.4% |
| Stocks30/36 | €34,724 | €53,805 | €72,986 | €49,484 | €24,560 | ▼ 50.4% |
| Amounts receivable within one year40/41 | €8,721 | €44,497 | €11,416 | €8,603 | €19,839 | ▲ 131% |
| Trade receivables40 | €8,721 | €44,497 | €11,342 | €8,603 | €19,839 | ▲ 131% |
| Other amounts receivable41 | - | - | €74 | €0 | - | - |
| Cash at bank and in hand54/58 | €8,845 | €3,302 | €9,510 | €6,303 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €4,622 | €2,954 | €3,956 | €2,635 | €1,649 | ▼ 37.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90,058 | €137,230 | €123,808 | €85,878 | €58,937 | ▼ 31.4% |
| Equity10/15 | €22,560 | €3,033 | €3,042 | €4,173 | -€12,348 | ▼ 396% |
| Contributions10/11 | €9,440 | €9,440 | €9,440 | €9,440 | €9,440 | = |
| Reserves13 | €13,120 | €459 | €0 | - | - | - |
| Non-distributable reserves130/1 | €459 | €459 | €0 | - | - | - |
| Reserves not available under the articles1311 | €459 | €459 | €0 | - | - | - |
| Distributable reserves133 | €12,662 | - | - | - | - | - |
| Profit (loss) carried forward14 | - | -€6,865 | -€6,398 | -€5,267 | -€21,788 | ▼ 314% |
| Amounts payable17/49 | €67,497 | €134,196 | €120,766 | €81,705 | €71,285 | ▼ 12.8% |
| Amounts payable after more than one year17 | €28,189 | €55,285 | €35,700 | €23,411 | €13,134 | ▼ 43.9% |
| Financial debts170/4 | €26,039 | €53,838 | €35,700 | €22,550 | €13,134 | ▼ 41.8% |
| Other amounts payable178/9 | €2,151 | €1,448 | €0 | €861 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €39,308 | €78,911 | €85,066 | €57,104 | €55,115 | ▼ 3.5% |
| Current portion of amounts payable after more than one year42 | €13,602 | €22,256 | €18,808 | €13,150 | €9,416 | ▼ 28.4% |
| Financial debts43 | €6,859 | €12,500 | €16,040 | €15,237 | €21,577 | ▲ 41.6% |
| Credit institutions430/8 | €6,859 | €12,500 | €16,040 | €15,237 | €21,577 | ▲ 41.6% |
| Trade debts44 | €769 | €21,461 | €20,380 | €12,690 | €6,658 | ▼ 47.5% |
| Suppliers440/4 | €769 | €21,461 | €20,380 | €12,690 | €6,658 | ▼ 47.5% |
| Advances received on contracts in progress46 | €3,023 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €15,055 | €22,693 | €26,045 | €8,500 | €6,124 | ▼ 27.9% |
| Taxes450/3 | €9,263 | €15,918 | €22,648 | €8,405 | €6,110 | ▼ 27.3% |
| Remuneration and social security454/9 | €5,792 | €6,775 | €3,398 | €95 | €14 | ▼ 85.3% |
| Other amounts payable47/48 | - | - | €3,793 | €7,527 | €11,339 | ▲ 50.7% |
| Accrued charges and deferred income492/3 | - | - | - | €1,190 | €3,036 | ▲ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,188 | -€19,527 | €9 | €1,131 | -€16,521 | ▼ 1,561% |
| + Depreciation and write-downs630 | €8,963 | €7,986 | €7,437 | €7,087 | €7,117 | ▲ 0.4% |
| Operating cash flow (approximation) | €22,151 | -€11,541 | €7,446 | €8,219 | -€9,403 | ▼ 214% |
| Investment in fixed assets (approximation) | - | -€8,122 | -€1,215 | €0 | -€1,153 | - |
| Change in cash | - | -€5,543 | €6,208 | -€3,207 | -€6,303 | ▼ 96.5% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9
Net result €9 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€19,527
Net result drops to -€19,527, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €13,188
Net result €13,188 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
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, Verviers · 1 establishment unit since 2018
Ground area
182 m²
Building footprint
222 m²
Volume, LiDAR
2,602 m³
Parcel 63079D0415/00M019, Wallonia · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
ARHA STUDIO
since 20182.282.228.371
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63079D0415/00M019 | Wallonia | 182 m² | 1 · 222 m² | 14.9 m · 4 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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Of 3,922 companies in sector 71112 we hold annual accounts for 1,296. 505 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
Founded29-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
47551Retail sale of household furniture
47552Retail sale of lighting equipment
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0714897720
Also
9925:BE0714897720
Registered
22-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.