ARISCO
ActiveSummary
ARISCO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.05M and a net result of €-74k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 20% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-7
Solvency43▼-30
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 2.2 in 2024; short-term debt: 30% and cash: 0.9% of total assets), and 81.8% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
18.2%
Return on assets
-1.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4886 sector peers (2025).
NBB · sector comparisonPosition among 4886 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
21 d early
2023
7 d early
2022
29 d late
2021
33 d early
2020
25 d early
2019
31 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-74k
2024 · €413k
Working capital
€69k▼ 93.2%
2024 · €1.01M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-41k€55k€126k▲ 131%€-49k€10k
Net result€-28k€-3k▲ 89.5%€73k€413k▲ 464%€-74k
Equity€701k▼ 3.8%€698k▼ 0.4%€713k▲ 2.1%€1.13M▲ 58.0%€1.05M▼ 6.6%
Total assets€2.62M▼ 14.9%€2.81M▲ 7.2%€2.58M▼ 8.2%€2.37M▼ 8.1%€5.79M▲ 145%
Debt€1.89M▼ 18.4%€2.08M▲ 10.2%€1.85M▼ 11.3%€1.09M▼ 40.9%€4.61M▲ 322%
Working capital€136k▼ 14.0%€272k▲ 99.7%€293k▲ 8.0%€1.01M▲ 244%€69k▼ 93.2%
Staff (FTE)13.2▼ 8.3%11.7▼ 11.4%9.9▼ 15.4%14.6▲ 47.5%16▲ 9.6%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €10k after a loss of €49k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.79M
Fixed assets
€3.98M ▲ 659%
Current assets
€1.81M ▼ 1.9%
Equity and liabilities €5.79M
Equity
€1.05M ▼ 6.6%
Provisions
€132k ▼ 12.0%
Debt
€4.61M ▲ 322%
Debt's share of the balance-sheet total rises from 46.1% to 79.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€237k▲
2024 · €16k
Cash flow
€154k▼
2024 · €478k
Current ratio
1.04▼
2024 · 2.20
Quick ratio
0.36▼
2024 · 1.07
Debt to equity
4.38▲
2024 · 0.97
ROE
-7.0%▼
2024 · 36.7%
ROA
-1.3%▼
2024 · 17.4%
Interest coverage
2.17▲
2024 · 0.18
Debt ≤ 1 year
€1.74M▲
2024 · €837k
Debt > 1 year
€2.87M▲
2024 · €256k
Income taxes
€781▼
2024 · €1k
Staff costs
€984k▲
2024 · €885k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €697k | €675k | €621k | €885k | €984k | ▲ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €166k | €137k | €120k | €64k | €228k | ▲ 253% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2k | €381 | €0 | - | - | - |
| Other operating charges640/8 | €25k | €28k | €30k | €39k | €9k | ▼ 76.4% |
| Non-recurring operating charges66A | - | - | €8k | €63k | €3k | ▼ 95.1% |
| Gross operating margin9900 | €848k | €894k | €905k | €1.00M | €1.23M | ▲ 23.0% |
| Operating profit (loss)9901 | €-41k | €55k | €126k | €-49k | €10k | ▲ 120% |
| Financial income75/76B | €23k | €2k | €24k | €682k | €9k | ▼ 98.7% |
| Recurring financial income75 | €23k | €2k | €3k | €2k | €9k | ▲ 279% |
| Non-recurring financial income76B | - | - | €21k | €680k | €0 | ▼ 100% |
| Financial charges65/66B | €53k | €61k | €75k | €85k | €109k | ▲ 28.4% |
| Recurring financial charges65 | €49k | €61k | €67k | €85k | €109k | ▲ 28.4% |
| Non-recurring financial charges66B | €4k | €200 | €7k | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €-72k | €-4k | €75k | €548k | €-91k | ▼ 117% |
| Transfer from deferred taxes780 | €2k | €2k | €2k | €17k | €18k | ▲ 6.2% |
| Transfer to deferred taxes680 | - | - | - | €150k | €0 | ▼ 100% |
| Income taxes67/77 | €-42k | €1k | €3k | €1k | €781 | ▼ 42.5% |
| Profit (loss) for the period9904 | €-28k | €-3k | €73k | €413k | €-74k | ▼ 118% |
| Transfer from tax-exempt reserves789 | €60k | €4k | €5k | €51k | €54k | ▲ 6.2% |
| Transfer to tax-exempt reserves689 | - | - | - | €469k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €32k | €1k | €78k | €-5k | €-20k | ▼ 301% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.62M | €2.81M | €2.58M | €2.37M | €5.79M | ▲ 145% |
| Fixed assets21/28 | €1.07M | €1.02M | €903k | €525k | €3.98M | ▲ 659% |
| Intangible fixed assets21 | €10k | €5k | €4k | €17k | €18k | ▲ 2.1% |
| Tangible fixed assets22/27 | €1.04M | €995k | €876k | €484k | €3.94M | ▲ 715% |
| Land and buildings22 | €815k | €766k | €718k | €0 | €3.06M | - |
| Plant, machinery and equipment23 | €84k | €56k | €35k | €32k | €84k | ▲ 159% |
| Furniture and vehicles24 | €110k | €155k | €114k | €146k | €549k | ▲ 276% |
| Leasing and similar rights25 | €28k | €18k | €8k | €0 | €245k | - |
| Assets under construction and advance payments27 | - | - | - | €305k | €0 | ▼ 100% |
| Financial fixed assets28 | €24k | €24k | €24k | €24k | €24k | = |
| Current assets29/58 | €1.55M | €1.78M | €1.67M | €1.84M | €1.81M | ▼ 1.9% |
| Stocks and contracts in progress3 | €947k | €1.07M | €912k | €945k | €1.18M | ▲ 24.4% |
| Stocks30/36 | €947k | €1.07M | €912k | €945k | €1.18M | ▲ 24.4% |
| Amounts receivable within one year40/41 | €294k | €495k | €622k | €773k | €564k | ▼ 27.0% |
| Trade receivables40 | €261k | €462k | €617k | €477k | €338k | ▼ 29.1% |
| Other amounts receivable41 | €33k | €32k | €5k | €295k | €226k | ▼ 23.5% |
| Cash at bank and in hand54/58 | €280k | €199k | €121k | €107k | €54k | ▼ 49.4% |
| Deferred charges and accrued income490/1 | €26k | €21k | €19k | €19k | €15k | ▼ 22.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.62M | €2.81M | €2.58M | €2.37M | €5.79M | ▲ 145% |
| Equity10/15 | €701k | €698k | €713k | €1.13M | €1.05M | ▼ 6.6% |
| Contributions10/11 | €136k | €136k | €136k | €136k | €136k | = |
| Capital10 | €136k | €136k | €136k | €136k | €136k | = |
| Issued capital100 | €136k | €136k | €136k | €136k | €136k | = |
| Reserves13 | €564k | €561k | €576k | €990k | €916k | ▼ 7.5% |
| Non-distributable reserves130/1 | €29k | €29k | €29k | €29k | €29k | = |
| Legal reserve130 | €29k | €29k | €29k | €29k | €29k | = |
| Tax-exempt reserves132 | €53k | €49k | €51k | €469k | €415k | ▼ 11.5% |
| Distributable reserves133 | €483k | €484k | €497k | €492k | €472k | ▼ 4.0% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Provisions and deferred taxes16 | €27k | €25k | €17k | €150k | €132k | ▼ 12.0% |
| Deferred taxes168 | €27k | €25k | €17k | €150k | €132k | ▼ 12.0% |
| Amounts payable17/49 | €1.89M | €2.08M | €1.85M | €1.09M | €4.61M | ▲ 322% |
| Amounts payable after more than one year17 | €478k | €573k | €467k | €256k | €2.87M | ▲ 1,021% |
| Financial debts170/4 | €478k | €573k | €467k | €256k | €2.87M | ▲ 1,021% |
| Amounts payable within one year42/48 | €1.41M | €1.51M | €1.38M | €837k | €1.74M | ▲ 108% |
| Current portion of amounts payable after more than one year42 | €146k | €162k | €110k | €0 | €210k | - |
| Financial debts43 | €463k | €450k | €474k | €350k | €786k | ▲ 125% |
| Credit institutions430/8 | €463k | €450k | €474k | €350k | €785k | ▲ 124% |
| Other loans439 | - | - | - | - | €777 | - |
| Trade debts44 | €327k | €630k | €607k | €230k | €606k | ▲ 164% |
| Suppliers440/4 | €327k | €630k | €607k | €230k | €606k | ▲ 164% |
| Advances received on contracts in progress46 | €181k | €155k | €0 | - | - | - |
| Taxes, remuneration and social security45 | €111k | €111k | €125k | €192k | €139k | ▼ 27.6% |
| Taxes450/3 | €27k | €29k | €49k | €56k | €32k | ▼ 43.4% |
| Remuneration and social security454/9 | €84k | €82k | €75k | €136k | €107k | ▼ 21.1% |
| Other amounts payable47/48 | €183k | €623 | €65k | €65k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-28k | €-3k | €73k | €413k | €-74k | ▼ 118% |
| + Depreciation and write-downs630 | €166k | €137k | €120k | €64k | €228k | ▲ 253% |
| Operating cash flow (approximation) | €139k | €134k | €194k | €478k | €154k | ▼ 67.8% |
| Investment in fixed assets (approximation) | - | €-91k | €1k | €314k | €-3.69M | ▼ 1,274% |
| Change in cash | - | €-81k | €-79k | €-13k | €-53k | ▼ 300% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
State Gazette act
RestructuringMerger · Accounting effect · Power of attorney5 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Power of attorney5 facts ▸
- General meeting, 29 juin 2026
- Merger, 29 juin 2026
- Accounting effect, 1er janvier 2026
- Power of attorney, Jan PISON
- Power of attorney, Sofie LANNAU
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-74k
Net result drops to €-74k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €413k ▲464%
Net result €413k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.13M ▲58%
2 profitable years in a row build equity to €1.13M.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €73k
Net result €73k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 16 acts read
About the unread acts
Of the 16 Belgian State Gazette acts we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
16 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ath · 1 establishment unit since 2024
Ground area
4,210 m²
Parcel 51024B0023/00_000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Arisco
since 20242.365.017.079
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51024B0023/00_000 | Wallonia | 4,210 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:LETTERFEELING
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 3,978 EUR awarded · 3,978 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 828 EUR | 828 EUR |
| 2022 | 1 | 3,150 EUR | 3,150 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
5 endedBestuurder heftruck (so)
Bestuurder interne transportmiddelen duaal (so)
Magazijnmedewerker (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Legal Entity Identifier
549300Y5NYMQUPD3UF94
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Of 1,566 companies in sector 46900 we hold annual accounts for 920. 612 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-09-2001
Fiscal year end31-12
Activities, NACEBEL 2025
29201Manufacture of motor vehicles, trailers and semi-trailers
46900Non-specialised wholesale trade
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
77399Renting and leasing of other machinery, equipment and tangible goods
Scores and ratios are computed by Checked and are not a credit decision.