ARJES
ActiveSummary
The computed 12-month bankruptcy probability of ARJES is 2.1% (moderate). The annual accounts of ARJES for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €37,543 and a net result of -€52,764. Equity is shrinking by ~27.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 20% of 4209 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability12=
Solvency34▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.51 against 0.71 in 2024; short-term debt: 77.7% and cash: 16.2% of total assets), and 90.7% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
9.3%
Return on assets
-13.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€52,764
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4209 sector peers (2025).
NBB · sector comparisonPosition among 4209 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 30-03-2026, 123 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
123 d early
2024
76 d early
2023
37 d early
2022
2 d late
2021
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 48 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#6 employer in Lasne, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€52,764▲ 18.7%
2024 · -€64,915
Working capital
-€151,851▼ 63.8%
2024 · -€92,709
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€108,317-€39,155▼ 63.9%€72,810▲ 86.0%€53,956▼ 25.9%€45,674▼ 15.3%
Net result€57,646--€63,589€61,165-€64,915-€52,764▲ 18.7%
Equity€157,646-€94,056▼ 40.3%€155,222▲ 65.0%€90,307▼ 41.8%€37,543▼ 58.4%
Total assets€770,991-€625,052▼ 18.9%€597,277▼ 4.4%€528,659▼ 11.5%€402,103▼ 23.9%
Debt€613,345-€530,996▼ 13.4%€442,055▼ 16.7%€438,352▼ 0.8%€364,560▼ 16.8%
Working capital€9,620--€94,320-€29,789▲ 68.4%-€92,709▼ 211%-€151,851▼ 63.8%
Staff (FTE)11-10.1▼ 8.2%8.6▼ 14.9%10.2▲ 18.6%10.4▲ 2.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402,103
Fixed assets
€241,696 ▼ 20.5%
Current assets
€160,408 ▼ 28.6%
Equity and liabilities €402,103
Equity
€37,543 ▼ 58.4%
Debt
€364,560 ▼ 16.8%
Debt's share of the balance-sheet total rises from 82.9% to 90.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€115,492▼
2024 · €123,982
Cash flow
€17,054▲
2024 · €5,112
Current ratio
0.51▼
2024 · 0.71
Quick ratio
0.28▼
2024 · 0.46
Debt to equity
9.71▲
2024 · 4.85
ROE
-140.5%▼
2024 · -71.9%
ROA
-13.1%▼
2024 · -12.3%
Interest coverage
1.18▲
2024 · 1.07
Debt ≤ 1 year
€312,258▼
2024 · €317,265
Debt > 1 year
€52,302▼
2024 · €121,087
Income taxes
€327▼
2024 · €3,288
Staff costs
€319,138▼
2024 · €331,866
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 447 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 87% are still going.
- Small
- solvency under 10%
- a loss of 10% of the balance sheet or more
- without age
5.8%
went bankrupt
5.1%
stopped otherwise
87%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,058 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% | 1.6% |
| 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 74% 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 447 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,523 | €0 | €32 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €349,377 | €327,403 | €356,622 | €331,866 | €319,138 | ▼ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94,851 | €76,251 | €75,803 | €70,027 | €69,818 | ▼ 0.3% |
| Other operating charges640/8 | €4,520 | €3,711 | €4,095 | €4,657 | €4,939 | ▲ 6.1% |
| Non-recurring operating charges66A | €330 | €8,980 | €1,312 | €0 | €2,588 | - |
| Gross operating margin9900 | €557,395 | €455,500 | €510,641 | €460,506 | €442,158 | ▼ 4.0% |
| Operating profit (loss)9901 | €108,317 | €39,155 | €72,810 | €53,956 | €45,674 | ▼ 15.3% |
| Financial income75/76B | - | €6 | €26 | €60 | €6 | ▼ 89.6% |
| Recurring financial income75 | - | €6 | €26 | €60 | €6 | ▼ 89.6% |
| Financial charges65/66B | €36,005 | €102,464 | €13,284 | €115,642 | €98,118 | ▼ 15.2% |
| Recurring financial charges65 | €36,005 | €102,464 | €13,284 | €115,642 | €98,118 | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | €72,312 | -€63,303 | €59,551 | -€61,627 | -€52,438 | ▲ 14.9% |
| Income taxes67/77 | €14,666 | €286 | -€1,614 | €3,288 | €327 | ▼ 90.1% |
| Profit (loss) for the period9904 | €57,646 | -€63,589 | €61,165 | -€64,915 | -€52,764 | ▲ 18.7% |
| Profit (loss) for the period to be appropriated9905 | €57,646 | -€63,589 | €61,165 | -€64,915 | -€52,764 | ▲ 18.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €770,991 | €625,052 | €597,277 | €528,659 | €402,103 | ▼ 23.9% |
| Formation expenses20 | €13,928 | €5,596 | €0 | - | - | - |
| Fixed assets21/28 | €484,411 | €438,228 | €373,810 | €304,103 | €241,696 | ▼ 20.5% |
| Intangible fixed assets21 | €176,873 | €145,779 | €114,684 | €83,590 | €52,496 | ▼ 37.2% |
| Tangible fixed assets22/27 | €275,633 | €260,544 | €227,220 | €188,287 | €156,974 | ▼ 16.6% |
| Plant, machinery and equipment23 | €9,856 | €12,197 | €12,751 | €6,838 | €6,953 | ▲ 1.7% |
| Furniture and vehicles24 | €263,898 | €236,206 | €203,657 | €171,964 | €141,863 | ▼ 17.5% |
| Other tangible fixed assets26 | €1,879 | €12,140 | €10,813 | €9,485 | €8,157 | ▼ 14.0% |
| Financial fixed assets28 | €31,906 | €31,906 | €31,906 | €32,226 | €32,226 | = |
| Current assets29/58 | €272,652 | €181,229 | €223,466 | €224,555 | €160,408 | ▼ 28.6% |
| Stocks and contracts in progress3 | €70,576 | €86,216 | €85,549 | €77,667 | €72,953 | ▼ 6.1% |
| Stocks30/36 | €70,576 | €86,216 | €85,549 | €77,667 | €72,953 | ▼ 6.1% |
| Amounts receivable within one year40/41 | - | €3,871 | €15,101 | €988 | €10,263 | ▲ 939% |
| Other amounts receivable41 | - | €3,871 | €15,101 | €988 | €10,263 | ▲ 939% |
| Cash at bank and in hand54/58 | €199,000 | €66,625 | €105,532 | €131,307 | €65,339 | ▼ 50.2% |
| Deferred charges and accrued income490/1 | €3,076 | €24,517 | €17,284 | €14,595 | €11,852 | ▼ 18.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €770,991 | €625,052 | €597,277 | €528,659 | €402,103 | ▼ 23.9% |
| Equity10/15 | €157,646 | €94,056 | €155,222 | €90,307 | €37,543 | ▼ 58.4% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | €57,646 | -€5,944 | €55,222 | -€9,693 | -€62,457 | ▼ 544% |
| Amounts payable17/49 | €613,345 | €530,996 | €442,055 | €438,352 | €364,560 | ▼ 16.8% |
| Amounts payable after more than one year17 | €345,987 | €255,447 | €188,800 | €121,087 | €52,302 | ▼ 56.8% |
| Financial debts170/4 | €345,987 | €255,447 | €188,800 | €121,087 | €52,302 | ▼ 56.8% |
| Amounts payable within one year42/48 | €263,032 | €275,549 | €253,255 | €317,265 | €312,258 | ▼ 1.6% |
| Current portion of amounts payable after more than one year42 | €97,385 | €90,540 | €66,647 | €67,713 | €68,785 | ▲ 1.6% |
| Trade debts44 | €124,668 | €153,158 | €158,794 | €153,264 | €144,746 | ▼ 5.6% |
| Suppliers440/4 | €124,668 | €153,158 | €158,794 | €153,264 | €144,746 | ▼ 5.6% |
| Taxes, remuneration and social security45 | €38,091 | €20,817 | €26,579 | €9,656 | €25,715 | ▲ 166% |
| Taxes450/3 | €17,812 | €15,392 | €3,450 | €4,324 | €4,152 | ▼ 4.0% |
| Remuneration and social security454/9 | €20,279 | €5,425 | €23,129 | €5,332 | €21,563 | ▲ 304% |
| Other amounts payable47/48 | €2,888 | €11,035 | €1,234 | €86,631 | €73,012 | ▼ 15.7% |
| Accrued charges and deferred income492/3 | €4,327 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,646 | -€63,589 | €61,165 | -€64,915 | -€52,764 | ▲ 18.7% |
| + Depreciation and write-downs630 | €94,851 | €76,251 | €75,803 | €70,027 | €69,818 | ▼ 0.3% |
| Operating cash flow (approximation) | €152,496 | €12,662 | €136,968 | €5,112 | €17,054 | ▲ 234% |
| Investment in fixed assets (approximation) | - | -€30,068 | -€11,386 | -€320 | -€7,410 | ▼ 2,216% |
| Change in cash | - | -€132,374 | €38,907 | €25,775 | -€65,968 | ▼ 356% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€64,915
Net result drops to -€64,915, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €61,165
Net result €61,165 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €155,222 ▲65%
Equity rises from €94,056 to €155,222.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
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, Lasne · 1 establishment unit since 2020
Ground area
1,749 m²
Building footprint
333 m²
Volume, LiDAR
1,749 m³
Parcel 25076C0026/00B000, Wallonia · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Delitraiteur
since 20202.305.596.265
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076C0026/00B000 | Wallonia | 1,749 m² | 1 · 333 m² | 12.9 m · 2 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLasne2.305.596.265
Legal Entity Identifier
699400EY9GUS0QKMXJ89
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,533 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
Founded29-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
dtohain@outlook.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0751606478
Also
9925:BE0751606478
Registered
24-11-2023
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.