Investments
€4,323 9.2 × depreciation
Green is investment, beige is depreciation.
ARIANE
Lifetime
16 annual accounts with figures on one time axispeak €62,056 (2019)
-not published
lowest -€42,419 (2012)
€7,447▲ €16,886
peak €292,726 (2023)
€290,734▲ 2.6%
€51,673▼ 34.6%
peak 10 FTE (2019)
-not published
Board12 names since 2018
7 directorsAndrée Piecq and 6 others
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Back to profit: €7,447Debts from €79,071 to €51,673Investments €4,323
Key points
from the 2025 annual accountsFilings
16 annual accounts since 2010
Four of the last ten came late. The 2024 accounts came latest: 47 days after the end of the period.
Position in the sector
€7,447
Lower net result than 85% of companies in human health. Sector median €60,071 · 20,751 companies.
Checked score
95
Excellent
Financially stronger than 57% of micro companies in human health (NACE 86)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 24,185 companies (NACE 86, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Legal form: non-profit association
Liquidity: current ratio 7.08, cash €285,920
Sector: Human health activities (NACE 86)
Equity €290,734 (84.9% of total assets)
Calculation
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 86, micro). It does better than 82% of them on solvency, 86% on liquidity, 15% on profitability and 43% 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as ARIANE has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of ARIANE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for ARIANE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.08 (7.13 in 2024), above the usual 1.5. Short-term debt is 13.9% and cash 83.5% of total assets. 15.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
24 days late
2024
47 days late
2023
16 days early
2022
7 days late
2021
5 days late
2020
23 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
6 directors appointed
Andrée Piecq, Marie-Hélène Mansart, Angelo Di Giuseppe, Lionel Leclercą, Rosalba Borriello and Parenthèse · Permanent representative: Sylvain Campion · General meeting of 18-12-2023 · Gazette deed
1 director appointed, 1 resignation
Appointment: Hulya TATLI (day-to-day manager) · Resignation: Véronique POURTOIS · Withdrawal: Véronique POURTOIS (member) · Board meeting of 13-12-2022 · Gazette deed
3 directors resigning, 4 reappointments
Reappointments: Andrée Piecq (chair), Marie-Hélène Mansart, Véronique Pourtois (secretary) and Angelo Di Giuseppe (treasurer) · Resignations: Roberto Di Bartolomeo, Philippe Rodesch and Daniel Van Daele · General meeting of 30-05-2022 · Gazette deed
First establishment
Grand-Rue 113, Morlanwelz
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARIANE Morlanwelz | - | - | 84.9% | - |
| LE NOROIS Brussels | - | - | 49.9% | 8.8 |
| Service Santé mentale Le Chien Vert Woluwe-Saint-Pierre | €308,971 | 8.7% | 70.7% | 10.5 |
| TOV VZW PSYCHOSOCIAAL REVALIDATIECENTRUM Roeselare | - | - | 49.4% | 7.7 |
| HERMES PLUS Brussels | - | - | 18.3% | 5.4 |
| Le Sas, Centre de Guidance Evere | €63,876 | -11.4% | 35.3% | 8.1 |
| Psycho-Etterbeek Etterbeek | - | - | 69.7% | 6.4 |
These companies have the same main activity as ARIANE: human health activities (NACE 86933). They are comparable in size and age: total assets between €305,000 and €1.3m, founded between 1984 and 2014.
Official details
Source: KBO- Status
- Active since 12-09-2007Normal situation
- Activity
- Human health activitiesNACE 86933
- Establishment unit
- 2.175.369.4117140 Morlanwelz, since 01-12-2008
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- ≈ €550,000estimated
- €342,407▼ 5.5%
- ≈ 5.2 FTEestimated
- Filing
- Filed on 24-08-2026
Insights on ARIANE
Solvency rose in 2025 from 78.2% to 84.9% because of the retained profit and lower debts.
In May 2022, three directors stepped down. Since December 2022, Hulya TATLI has been managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARIANE
- What is the company number of ARIANE?
- The company number of ARIANE is 0892.017.839. The VAT number is the same number with BE in front: BE 0892.017.839.
- Where is ARIANE based?
- The registered office is at Grand-Rue 113, 7140 Morlanwelz.Company details
- What does ARIANE do?
- According to the KBO register, the main activity is human health activities (NACE 86933).
- What is the legal form of ARIANE?
- ARIANE is a non-profit association (VZW).
- When was ARIANE founded?
- ARIANE was founded on 12-09-2007.
- Is ARIANE still active?
- Yes, ARIANE is an active enterprise in the KBO register.
- How many employees does ARIANE have?
- ARIANE had an average of 6 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of ARIANE?
- The turnover in financial year 2025 is ≈ €550,000. This figure is estimated from the gross margin of €371,036 and 45 comparable companies (NACE 86). It probably lies between €460,000 and €700,000. In financial year 2023 turnover was €32,208.
- Is ARIANE profitable?
- In financial year 2025, ARIANE made a profit of €7,447.
- Where can I find the annual accounts of ARIANE?
- ARIANE filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARIANE due?
- ARIANE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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