ARIAL
ActiveSummary
ARIAL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,731 and a net result of €19,733. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 62% of 3507 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▼-6
Solvency87▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.27 against 2.81 in 2024; short-term debt: 37.7% and cash: 64% of total assets), and 37.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.3%
Return on assets
19.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
3 d early
2023
12 d late
2022
18 d late
2021
30 d late
2020
31 d late
2019
91 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 30 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€99,041▲ 17.5%
2024 · €84,281
Net result
€19,733▼ 43.1%
2024 · €34,679
Working capital
€47,198▲ 17.5%
2024 · €40,169
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0
Operating result€12,551▼ 58.1%€14,807▲ 18.0%€34,354▲ 132%€47,560▲ 38.4%€27,817▼ 41.5%
Net result€7,148within the sector's middle half▼ 64.4%€10,477within the sector's middle half▲ 46.6%€27,026within the sector's middle half▲ 158%€34,679above the sector's middle half▲ 28.3%€19,733within the sector's middle half▼ 43.1%
Equity€35,776within the sector's middle half▲ 25.0%€46,253within the sector's middle half▲ 29.3%€40,422within the sector's middle half▼ 12.6%€62,101within the sector's middle half▲ 53.6%€61,731within the sector's middle half▼ 0.6%
Total assets€41,619below the sector's middle half▼ 34.7%€57,794within the sector's middle half▲ 38.9%€82,942within the sector's middle half▲ 43.5%€84,281within the sector's middle half▲ 1.6%€99,041within the sector's middle half▲ 17.5%
Debt€5,843▼ 83.4%€11,542▲ 97.5%€42,520▲ 268%€22,180▼ 47.8%€37,309▲ 68.2%
Working capital€35,716within the sector's middle half▲ 25.0%€46,253within the sector's middle half▲ 29.5%€11,390within the sector's middle half▼ 75.4%€40,169within the sector's middle half▲ 253%€47,198within the sector's middle half▲ 17.5%
Solvency86.0%above the sector's middle half▲ 41.1pp80.0%above the sector's middle half▼ 5.9pp48.7%within the sector's middle half▼ 31.3pp73.7%within the sector's middle half▲ 24.9pp62.3%within the sector's middle half▼ 11.4pp
Current ratio7.11above the sector's middle half▲ 5.305.01above the sector's middle half▼ 2.101.27within the sector's middle half▼ 3.742.81within the sector's middle half▲ 1.542.27within the sector's middle half▼ 0.55
Return on assets (ROA)17.2%within the sector's middle half▼ 14.4pp18.1%within the sector's middle half▲ 1.0pp32.6%above the sector's middle half▲ 14.5pp41.1%above the sector's middle half▲ 8.6pp19.9%within the sector's middle half▼ 21.2pp
Staff (FTE)1=
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, 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 falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99,041
Fixed assets
€14,533 ▼ 33.7%
Current assets
€84,507 ▲ 35.5%
Equity and liabilities €99,041
Equity
€61,731 ▼ 0.6%
Debt
€37,309 ▲ 68.2%
Debt's share of the balance-sheet total rises from 26.3% to 37.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€38,041▼
2024 · €57,199
Cash flow
€29,957▼
2024 · €44,318
Debt to equity
0.60▲
2024 · 0.36
ROE
32.0%▼
2024 · 55.8%
Interest coverage
145.82▼
2024 · 215.74
Debt ≤ 1 year
€37,309▲
2024 · €22,180
Income taxes
€8,098▼
2024 · €12,616
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €42,957 | -€133 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €8,645 | €9,639 | €10,224 | ▲ 6.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €0 | - | - | - |
| Other operating charges640/8 | €1,143 | €719 | €1,039 | €821 | €770 | ▼ 6.2% |
| Gross operating margin9900 | €56,651 | €15,393 | €44,038 | €58,020 | €38,811 | ▼ 33.1% |
| Operating profit (loss)9901 | €12,551 | €14,807 | €34,354 | €47,560 | €27,817 | ▼ 41.5% |
| Financial income75/76B | - | €0 | €0 | - | €274 | - |
| Recurring financial income75 | - | €0 | €0 | - | €274 | - |
| Financial charges65/66B | €147 | €180 | €196 | €265 | €261 | ▼ 1.6% |
| Recurring financial charges65 | €147 | €180 | €196 | €265 | €261 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €12,404 | €14,627 | €34,158 | €47,295 | €27,830 | ▼ 41.2% |
| Income taxes67/77 | €5,256 | €4,150 | €7,132 | €12,616 | €8,098 | ▼ 35.8% |
| Profit (loss) for the period9904 | €7,148 | €10,477 | €27,026 | €34,679 | €19,733 | ▼ 43.1% |
| Profit (loss) for the period to be appropriated9905 | €7,148 | €10,477 | €27,026 | €34,679 | €19,733 | ▼ 43.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,619 | €57,794 | €82,942 | €84,281 | €99,041 | ▲ 17.5% |
| Fixed assets21/28 | €60 | €0 | €29,032 | €21,932 | €14,533 | ▼ 33.7% |
| Tangible fixed assets22/27 | €0 | - | €29,032 | €21,932 | €14,533 | ▼ 33.7% |
| Furniture and vehicles24 | €0 | - | €29,032 | €21,003 | €13,705 | ▼ 34.7% |
| Other tangible fixed assets26 | - | - | €0 | €928 | €828 | ▼ 10.8% |
| Financial fixed assets28 | €60 | €0 | - | - | - | - |
| Current assets29/58 | €41,559 | €57,794 | €53,910 | €62,349 | €84,507 | ▲ 35.5% |
| Amounts receivable within one year40/41 | €2,916 | €21,787 | €10,071 | €15,082 | €20,157 | ▲ 33.6% |
| Trade receivables40 | €2,705 | €21,780 | €8,596 | €8,353 | €7,321 | ▼ 12.4% |
| Other amounts receivable41 | €210 | €7 | €1,475 | €6,729 | €12,837 | ▲ 90.8% |
| Cash at bank and in hand54/58 | €36,881 | €35,933 | €42,940 | €46,340 | €63,403 | ▲ 36.8% |
| Deferred charges and accrued income490/1 | €1,762 | €74 | €899 | €928 | €947 | ▲ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,619 | €57,794 | €82,942 | €84,281 | €99,041 | ▲ 17.5% |
| Equity10/15 | €35,776 | €46,253 | €40,422 | €62,101 | €61,731 | ▼ 0.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €26,962 | €26,962 | €26,962 | €55,641 | €55,272 | ▼ 0.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €25,102 | €25,102 | €26,962 | €55,641 | €55,272 | ▼ 0.7% |
| Profit (loss) carried forward14 | €2,613 | €13,091 | €7,259 | €259 | €259 | = |
| Amounts payable17/49 | €5,843 | €11,542 | €42,520 | €22,180 | €37,309 | ▲ 68.2% |
| Amounts payable within one year42/48 | €5,843 | €11,542 | €42,520 | €22,180 | €37,309 | ▲ 68.2% |
| Trade debts44 | €2,053 | €544 | €1,945 | €783 | €190 | ▼ 75.8% |
| Suppliers440/4 | €2,053 | €544 | €1,945 | €783 | €190 | ▼ 75.8% |
| Taxes, remuneration and social security45 | €1,186 | €8,665 | €40,478 | €21,098 | €17,018 | ▼ 19.3% |
| Taxes450/3 | €1,186 | €8,665 | €34,478 | €19,098 | €14,818 | ▼ 22.4% |
| Remuneration and social security454/9 | €0 | €0 | €6,000 | €2,000 | €2,200 | ▲ 10.0% |
| Other amounts payable47/48 | €2,604 | €2,332 | €97 | €299 | €20,102 | ▲ 6,622% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,148 | €10,477 | €27,026 | €34,679 | €19,733 | ▼ 43.1% |
| + Depreciation and write-downs630 | - | - | €8,645 | €9,639 | €10,224 | ▲ 6.1% |
| Operating cash flow (approximation) | €7,148 | €10,477 | €35,671 | €44,318 | €29,957 | ▼ 32.4% |
| Investment in fixed assets (approximation) | - | €60 | -€37,677 | -€2,539 | -€2,826 | ▼ 11.3% |
| Change in cash | - | -€948 | €7,007 | €3,400 | €17,063 | ▲ 402% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €34,679 ▲28.3%
Operating result €47,560, net result €34,679, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.81
Current ratio from 1.27 to 2.81; short-term debt falls from €42,520 to €22,180.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 7.11
Current ratio from 1.81 to 7.11; short-term debt falls from €35,125 to €5,843.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €20,102
Net result €20,102 after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Chaudfontaine · 1 establishment unit since 2001
Ground area
2,936 m²
Building footprint
160 m²
Volume, LiDAR
1,030 m³
2 parcels, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Namoseye 32, 4140 Sprimont
since 20012.093.390.751
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012A0034/00B000 | Wallonia | 2,598 m² | 1 · 92 m² | 8.0 m · 2 fl. |
| 62100L0271/00D000 | Wallonia | 338 m² | 1 · 68 m² | 9.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,236 companies in sector 74140 we hold annual accounts for 353. 290 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
Founded17-10-2001
Fiscal year end31-12
Activities, NACEBEL 2025
74140Other specialised design activities
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475884968
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.