ARIBA
ActiveThe computed 12-month bankruptcy probability of ARIBA is 4.4% (elevated). The 2024 annual accounts show equity of €174k and a net result of €-38k. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 40% of 2924 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
20
/ 100
Critical▼ -68 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-68
Solvency24▼-59
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 1.42 in 2023), and 76.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 2024Solvency, return and age of the figures
Solvency
23.9%
Return on assets
-5.2%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
33 d early
2022
34 d early
2021
31 d early
2020
19 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€174k▼ 17.7%
2023 · €212k
2020: €25k
2021: €99k
2022: €162k
2023: €212k
2020 → 2024
Total assets
€729k▲ 74.3%
2023 · €418k
2020: €245k
2021: €305k
2022: €380k
2023: €418k
2020 → 2024
Net result
€-38k
2023 · €29k
2020: €15k
2021: €75k
2022: €63k
2023: €29k
2020 → 2024
Working capital
€-262k
2023 · €58k
2020: €-105k
2021: €-32k
2022: €27k
2023: €58k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€99k▲ 300%€162k▲ 63.2%€212k▲ 30.8%€174k▼ 17.7%
Operating result€14k-€86k▲ 535%€88k▲ 1.5%€72k▼ 18.4%€-23k
Net result€15k-€75k▲ 403%€63k▼ 15.8%€29k▼ 54.1%€-38k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €23k after €72k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €729k
Fixed assets
€648k▲ 196%
Current assets
€81k▼ 59.3%
Equity and liabilities €729k
Equity
€174k▼ 17.7%
Debt
€554k▲ 169%
The debt ratio rises from 49.3% to 76.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€93k▼
2023 · €110k
Cash flow
€79k▲
2023 · €67k
Solvency
23.9%▼
2023 · 50.7%
Current ratio
0.24▼
2023 · 1.42
Quick ratio
0.21▼
2023 · 1.10
Debt / equity
3.18▲
2023 · 0.97
ROE
-21.6%▼
2023 · 13.6%
ROA
-5.2%▼
2023 · 6.9%
Interest coverage
5.81▼
2023 · 20.58
Debt
€554k▲
2023 · €206k
Debt ≤ 1 year
€343k▲
2023 · €141k
Debt > 1 year
€212k▲
2023 · €52k
Staff costs
€48k▼
2023 · €140k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€418k€729k▲
Fixed assets21/28€219k€648k▲
Tangible fixed assets22/27€219k€648k▲
Land and buildings22€179k€623k▲
Plant, machinery and equipment23€40k€24k▼
Furniture and vehicles24€489€244▼
Current assets29/58€199k€81k▼
Stocks and contracts in progress3€44k€7k▼
Stocks30/36€44k€7k▼
Amounts receivable within one year40/41€19k€8k▼
Trade receivables40€9k€7k▼
Other amounts receivable41€10k€822▼
Current investments50/53€100k-
Cash at bank and in hand54/58€35k€63k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€418k€729k▲
Equity10/15€212k€174k▼
Contributions10/11€10k€10k=
Reserves13€202k€202k=
Tax-exempt reserves132€21k€21k=
Distributable reserves133€181k€181k=
Profit (loss) carried forward14-€-38k
Amounts payable17/49€206k€554k▲
Amounts payable after more than one year17€52k€212k▲
Financial debts170/4€52k€212k▲
Amounts payable within one year42/48€141k€343k▲
Current portion of amounts payable after more than one year42€10k€65k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€18k€10k▼
Taxes450/3-€10k
Remuneration and social security454/9€18k€380▼
Other amounts payable47/48€111k€264k▲
Accrued charges and deferred income492/3€14k-
Income statement
Code20232024
Remuneration, social security and pensions62€140k€48k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€116k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€251k€144k▼
Operating profit (loss)9901€72k€-23k▼
Financial income75/76B€677€2k▲
Recurring financial income75€677€2k▲
Financial charges65/66B€5k€16k▲
Recurring financial charges65€5k€16k▲
Profit (loss) for the period before taxes9903€67k€-38k▼
Transfer to deferred taxes680€21k-
Income taxes67/77€17k-
Profit (loss) for the period9904€29k€-38k▼
Profit (loss) for the period to be appropriated9905€29k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€-38k▼
Transfer to equity691/2€29k-
To other reserves6921€29k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-38k ▼231%
Net result drops to €-38k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €212k ▲30.8%
4 profitable years in a row build equity to €212k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €162k ▲63.2%
3 profitable years in a row build equity to €162k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2020net €75k ▲403%
Net result €75k, the highest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Izegem · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Pietersstraat 78870 IzegemGround area
483 m²
Building footprint
163 m²
Volume, LiDAR
938 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Wandeling
since 20192.296.212.110
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001E1689/00G000 | Flanders | 324 m² | 1 · 163 m² | 8.6 m · 2 fl. |
| 36008A0406/00F000 | Flanders | 159 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 7,650 EUR awarded · 7,650 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 7,650 EUR | 7,650 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
Similar companies · same sector, comparable size
LENU
BE 0873.184.991
Alken · Eq €174k
I and C
BE 0461.332.394
Ukkel · Eq €175k
PALY
BE 0465.083.128
Eeklo · Eq €174k
Nusa dua beach
BE 0872.374.448
Blankenberge · Eq €175k
DE VAGE BELOFTE
BE 0456.563.063
Menen · Eq €174k
Of 13,834 companies in sector 56301 we hold annual accounts for 4,808. 3,200 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-12-2019
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.