ARHS DIGITAL
InactiveFinancials · financial year 2025, full format
Turnover
€17.5m▼ 21.9%
2024 · €22.5m
EBIT margin
0.3%▲ 0.1pp
2024 · 0.3%
Net result
€36,320
2024 · -€29,863
Working capital
€5.4m▲ 1.6%
2024 · €5.3m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 2% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€17.5m
2025
Operating result€0.06m
2025
Net result€0.04m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€8.5m
2025
Equity€5.5m
2025
Debt€3.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€5.4m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.3%
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)77.4
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€15.5m-€20.6m▲ 33.0%€28.7m▲ 39.3%€29.5m▲ 2.6%€28.0m▼ 4.9%€22.5m▼ 19.9%€17.5m▼ 21.9%
Operating result€2.0m-€2.7m▲ 32.3%€4.0m▲ 49.3%€1.9m▼ 52.1%€1.2m▼ 35.9%€0.06m▼ 95.2%€0.06m▲ 1.6%
Net result€1.3m-€1.7m▲ 31.8%€2.9m▲ 64.4%€1.3m▼ 54.3%€0.8m▼ 35.5%-€0.03m€0.04m
EBIT margin12.9%-12.9%▼ 0.1pp13.8%▲ 0.9pp6.4%▼ 7.4pp4.3%▼ 2.1pp0.3%▼ 4.1pp0.3%▲ 0.1pp
Equity€1.3m-€2.3m▲ 79.8%€4.0m▲ 70.8%€5.3m▲ 32.7%€5.4m▲ 2.7%€5.4m▼ 0.5%€5.5m▲ 0.7%
Total assets€5.9m-€8.5m▲ 43.9%€11.9m▲ 40.5%€11.5m▼ 3.6%€10.8m▼ 6.1%€10.2m▼ 4.9%€8.5m▼ 17.2%
Debt€4.6m-€6.1m▲ 33.6%€7.9m▲ 28.9%€6.1m▼ 22.0%€5.3m▼ 13.7%€4.8m▼ 9.5%€3.0m▼ 37.4%
Working capital€1.3m-€2.3m▲ 81.5%€4.0m▲ 72.2%€5.3m▲ 33.3%€5.4m▲ 3.0%€5.3m▼ 1.5%€5.4m▲ 1.6%
Staff (FTE)77-95.9▲ 24.5%126.8▲ 32.2%135.1▲ 6.5%122▼ 9.7%101.5▼ 16.8%77.4▼ 23.7%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.5m
Fixed assets
€26,239 ▼ 65.0%
Current assets
€8.4m ▼ 16.9%
Equity and liabilities €8.5m
Equity
€5.5m ▲ 0.7%
Debt
€3.0m ▼ 37.4%
Debt's share of the balance-sheet total falls from 47.0% to 35.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€76,456▼
2024 · €77,346
Cash flow
€53,824▲
2024 · -€10,524
Current ratio
2.80▲
2024 · 2.11
Debt to equity
0.55▼
2024 · 0.89
ROE
0.7%▲
2024 · -0.6%
ROA
0.4%▲
2024 · -0.3%
Interest coverage
85.50▼
2024 · over 100
Debt ≤ 1 year
€3.0m▼
2024 · €4.8m
Income taxes
€93,837▼
2024 · €148,018
Staff costs
€9.2m▼
2024 · €10.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €29.8m | €28.4m | €22.9m | €17.9m | ▼ 21.9% |
| Turnover70 | €15.5m | €20.6m | €28.7m | €29.5m | €28.0m | €22.5m | €17.5m | ▼ 21.9% |
| Other operating income74 | - | - | - | €0.3m | €0.4m | €0.4m | €0.4m | ▼ 18.5% |
| Operating charges60/66A | - | - | - | €27.9m | €27.2m | €22.9m | €17.8m | ▼ 21.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | €14.3m | €13.7m | €10.5m | €7.6m | ▼ 27.9% |
| Purchases600/8 | - | - | - | €14.3m | €13.7m | €10.5m | €7.6m | ▼ 27.9% |
| Services and other goods61 | - | - | - | €3.4m | €3.3m | €1.9m | €1.1m | ▼ 44.2% |
| Remuneration, social security and pensions62 | - | - | - | €10.2m | €10.2m | €10.4m | €9.2m | ▼ 11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 9.5% |
| Other operating charges640/8 | - | - | - | - | €0.001m | - | - | - |
| Operating profit (loss)9901 | €2.0m | €2.7m | €4.0m | €1.9m | €1.2m | €0.06m | €0.06m | ▲ 1.6% |
| Financial income75/76B | - | - | - | €0 | €0.04m | €0.06m | €0.07m | ▲ 19.4% |
| Recurring financial income75 | - | - | €0.001m | €0 | €0.04m | €0.06m | €0.07m | ▲ 19.4% |
| Income from financial fixed assets750 | - | - | - | - | €0.03m | €0.06m | - | - |
| Income from current assets751 | - | - | - | €0 | €0.01m | - | €0.07m | - |
| Financial charges65/66B | - | - | - | €0.02m | €0.004m | €0.001m | €0.002m | ▲ 86.2% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.005m | €0.02m | €0.004m | €0.001m | €0.002m | ▲ 86.2% |
| Debt charges650 | €0.02m | €0.02m | €0.004m | €321 | - | €239 | €0.001m | ▲ 274% |
| Other financial charges652/9 | - | - | - | €0.02m | €0.004m | €0.001m | €0.001m | ▲ 19.2% |
| Profit (loss) for the period before taxes9903 | €2.0m | €2.6m | €4.0m | €1.9m | €1.3m | €0.1m | €0.1m | ▲ 10.2% |
| Income taxes67/77 | €0.7m | €0.9m | €1.1m | €0.6m | €0.4m | €0.1m | €0.09m | ▼ 36.6% |
| Taxes670/3 | - | - | - | €1.0m | €0.6m | €0.1m | €0.1m | ▼ 13.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.4m | €0.2m | - | €0.03m | - |
| Profit (loss) for the period9904 | €1.3m | €1.7m | €2.9m | €1.3m | €0.8m | -€0.03m | €0.04m | - |
| Profit (loss) for the period to be appropriated9905 | €1.3m | €1.7m | €2.9m | €1.3m | €0.8m | -€0.03m | €0.04m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €5.9m | €8.5m | €11.9m | €11.5m | €10.8m | €10.2m | €8.5m | ▼ 17.2% |
| Fixed assets21/28 | €0.04m | €0.05m | €0.05m | €0.04m | €0.03m | €0.08m | €0.03m | ▼ 65.0% |
| Tangible fixed assets22/27 | €0.04m | €0.05m | €0.05m | €0.04m | €0.02m | €0.07m | €0.03m | ▼ 65.3% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.02m | €0.07m | €0.03m | ▼ 65.3% |
| Financial fixed assets28 | €298 | €298 | €298 | €298 | €298 | €298 | €298 | = |
| Other financial fixed assets284/8 | - | - | - | €298 | €298 | €298 | €298 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €298 | €298 | €298 | €298 | = |
| Current assets29/58 | €5.8m | €8.4m | €11.8m | €11.4m | €10.7m | €10.2m | €8.4m | ▼ 16.9% |
| Amounts receivable within one year40/41 | €4.3m | €5.5m | €9.7m | €9.3m | €7.7m | €6.6m | €7.5m | ▲ 12.2% |
| Trade receivables40 | - | - | - | €7.0m | €5.8m | €4.3m | €4.6m | ▲ 7.9% |
| Other amounts receivable41 | - | - | - | €2.3m | €2.0m | €2.4m | €2.8m | ▲ 19.9% |
| Cash at bank and in hand54/58 | €1.6m | €2.9m | €2.1m | €2.1m | €3.0m | €3.5m | €0.9m | ▼ 73.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0.02m | €0.05m | ▲ 110% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €5.9m | €8.5m | €11.9m | €11.5m | €10.8m | €10.2m | €8.5m | ▼ 17.2% |
| Equity10/15 | €1.3m | €2.3m | €4.0m | €5.3m | €5.4m | €5.4m | €5.5m | ▲ 0.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €1.2m | €2.3m | €3.9m | €5.2m | €5.4m | €5.4m | €5.4m | ▲ 0.7% |
| Amounts payable17/49 | €4.6m | €6.1m | €7.9m | €6.1m | €5.3m | €4.8m | €3.0m | ▼ 37.4% |
| Amounts payable within one year42/48 | €4.6m | €6.1m | €7.9m | €6.1m | €5.3m | €4.8m | €3.0m | ▼ 37.4% |
| Trade debts44 | €2.0m | €2.7m | €4.1m | €3.9m | €3.4m | €3.0m | €1.6m | ▼ 47.4% |
| Suppliers440/4 | - | - | - | €3.9m | €3.4m | €3.0m | €1.6m | ▼ 47.4% |
| Taxes, remuneration and social security45 | - | - | - | €2.2m | €1.9m | €1.8m | €1.4m | ▼ 20.4% |
| Taxes450/3 | - | - | - | €0.5m | €0.4m | €0.2m | €0.3m | ▲ 39.8% |
| Remuneration and social security454/9 | - | - | - | €1.7m | €1.5m | €1.6m | €1.1m | ▼ 29.1% |
| Other amounts payable47/48 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €1.7m | €2.9m | €1.3m | €0.8m | -€0.03m | €0.04m | - |
| + Depreciation and write-downs630 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 9.5% |
| Operating cash flow (approximation) | €1.3m | €1.8m | €2.9m | €1.3m | €0.9m | -€0.01m | €0.05m | - |
| Investment in fixed assets (approximation) | - | -€0.02m | -€0.02m | -€0.009m | -€0.005m | -€0.07m | €0.03m | - |
| Change in cash | - | €1.3m | -€0.7m | -€0.01m | €0.9m | €0.5m | -€2.5m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-08-2025 | full format | 13-03-2026 | 2026-00053808 |
| 31-07-2024 | full format | 24-02-2025 | 2025-00038305 |
| 31-07-2023 | full format | 27-02-2024 | 2024-00034821 |
| 31-07-2022 | full format | 22-02-2023 | 2023-00030012 |
| 31-07-2021 | full format | 04-02-2022 | 2022-05200087 |
| 31-07-2020 | full format | 22-02-2021 | 2021-05900198 |
| 31-07-2019 | full format | 05-03-2020 | 2020-06400434 |
| 31-07-2018 | full format | 29-03-2019 | 2019-09200043 |
| 31-07-2017 | full format | 27-02-2018 | 2018-06300110 |
Subsidies and aid
Flemish government
2022 · 1 entry · €1,619 awarded · €1,619 paidSchemes
Public contracts
1 award · 2024
Accord-cadre pour des missions temporaires de consultance IT: NBB-2023-3137 - 1
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.