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ARHS Developments Belgium

Active
Public limited companyfounded 200620 yrs activeIkaroslaan 53, 1930 Zaventem, BelgiumKBO/BCE: BE 0878.848.308
Summary

ARHS Developments Belgium has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.3m and a net result of €18,415. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 1599 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
ARHS Developments BelgiumActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Other information technology and computer services
NACE 62900NACE 62010NACE 62090
#2 employer in Zaventem, Telecoms and IT sector1 site
Size
€33.1mturnover 2025
Staff
244 FTE
Equity
€4.3m
Profit
€18,415
Net result -96%: 13-month year
Financial health
91 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Board
2 members
Accounts 18 d early1 of 24 deeds read
Why 91- Profit of €18,415 (FY 2025)+ Sector Computer programming, consultancy and related activities (NACE 62)+ Liquidity: current ratio 1.26, cash €3.3m+ Figures for FY 2025 (filed 13-03-2026)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Better than 30% of its sector peers (NACE 62, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 49-3
equity 23.7% of total assets
Liquidity 31+18
short-term debt 76.3% · cash 18.3%
Profitability 36-27
return on assets 0.1%
Bankruptcy probability, 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).

Sector median 0.1% (209 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%▲ +18.1% vs 12-2024 02-2025: 0.2%▲ +51.6% vs 01-2025 03-2025: 0.2%▲ +8.0% vs 02-2025 04-2025: 0.2%● 0.0% vs 03-2025 05-2025: 0.2%● 0.0% vs 04-2025 06-2025: 0.2%▲ +1.5% vs 05-2025 07-2025: 0.2%● 0.0% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%▼ -3.9% vs 08-2025 10-2025: 0.2%▲ +2.5% vs 09-2025 11-2025: 0.2%▲ +8.4% vs 10-2025 12-2025: 0.2%▲ +5.0% vs 11-2025 01-2026: 0.2%▲ +6.1% vs 12-2025 02-2026: 0.3%▲ +29.8% vs 01-2026 03-2026: 0.5%▲ +68.9% vs 02-2026highest value 04-2026: 0.1%▼ -83.6% vs 03-2026 05-2026: 0.1%● 0.0% vs 04-2026 06-2026: 0.1%● 0.0% vs 05-2026 07-2026: 0.1%● 0.0% vs 06-2026 08-2026: 0.1%● 0.0% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%▼ -4.5% vs 09-2026lowest value
  • Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
  • Liquidity: current ratio 1.26, cash €3.3m lowers the probability
  • Figures for FY 2025 (filed 13-03-2026) lowers the probability
  • Profit of €18,415 (FY 2025) raises the probability
Credit up to €380,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.3 in 2024; short-term debt: 76.3% and cash: 18.3% of total assets), and 76.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, medium-sized). Better than this share of them on solvency 36%, liquidity 34%, profitability 21%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Sector Computer programming, consultancy and related activities (NACE 62)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Liquidity: current ratio 1.26, cash €3.3m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 13-03-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Profit of €18,415 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 13-03-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 d early
2024
4 d early
2023
2 d early
2022
6 d early
2021
24 d early
2020
6 d early
2019
1 d 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 9 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Reappointment: Karlien Gladiné (director)Resignation: Catharina Eveline Gaasbeek (director)…
  3. Weakest financial yearnet €18,415 ▼96.4%

Key points

  • Result fell in 202513-month fiscal year ▼ 96.4% View
  • Positive: 6 years of growth in a rowturnover 2025: €33.1m 6 years View
  • Positive: Employer in Zaventem, Telecoms and IT sectorin the Checked rankings #2 View
  • Board changedlatest change 20-02-2026 · 2 in office 2 joined · 1 left View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View

By topic

Financials

Fiscal year
2025
Turnover
€33.1m
Profit
€18,415
Solvency
23.7%
Turnover▲ 26.5%
Net result
20192025
Go to Financials

Timeline

Events
14
Since
2017
  1. 13-03-2026Annual accounts filed
  2. 05-03-2026Reappointment: Karlien Gladiné (director)
  3. 31-08-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other information technology and computer servicesNACE 62900
Founded
24-01-2006
Year ends
31-08
Peppol
Reachable for e-invoices
Go to Company details

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