ARJO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-04-2026 PDF all 21 filings
Every figure per financial year
The operating result for 2025 is a loss of €2,394, smaller than the loss of €4,004 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,120 | €1,205 | €1,300 | €1,711 | ▲ 31.6% |
| Gross operating margin9900 | -€1,174 | -€706 | -€1,669 | -€620 | -€2,056 | -€2,704 | -€683 | ▲ 74.7% |
| Operating profit (loss)9901 | -€2,565 | -€1,840 | -€2,785 | -€1,740 | -€3,261 | -€4,004 | -€2,394 | ▲ 40.2% |
| Financial charges65/66B | - | - | - | €37 | €39 | €39 | €44 | ▲ 12.8% |
| Recurring financial charges65 | €24 | €26 | €30 | €37 | €39 | €39 | €44 | ▲ 12.8% |
| Profit (loss) for the period before taxes9903 | -€2,589 | -€1,866 | -€2,815 | -€1,777 | -€3,300 | -€4,043 | -€2,438 | ▲ 39.7% |
| Profit (loss) for the period9904 | -€2,589 | -€1,866 | -€2,815 | -€1,777 | -€3,300 | -€4,043 | -€2,438 | ▲ 39.7% |
| Profit (loss) for the period to be appropriated9905 | -€2,589 | -€1,866 | -€2,815 | -€1,777 | -€3,300 | -€4,043 | -€2,438 | ▲ 39.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €114,190 | €112,360 | €111,509 | €110,814 | €114,140 | €110,097 | €110,939 | ▲ 0.8% |
| Fixed assets21/28 | €108,398 | €108,398 | €108,398 | €108,398 | €108,398 | €108,398 | €108,398 | = |
| Tangible fixed assets22/27 | €108,398 | €108,398 | €108,398 | €108,398 | €108,398 | €108,398 | €108,398 | = |
| Land and buildings22 | - | - | - | €108,398 | €108,398 | €108,398 | €108,398 | = |
| Current assets29/58 | €5,792 | €3,962 | €3,111 | €2,416 | €5,742 | €1,699 | €2,541 | ▲ 49.6% |
| Amounts receivable within one year40/41 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Other amounts receivable41 | - | - | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Cash at bank and in hand54/58 | €4,292 | €2,462 | €1,611 | €916 | €4,242 | €199 | €1,041 | ▲ 423% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €114,190 | €112,360 | €111,509 | €110,814 | €114,140 | €110,097 | €110,939 | ▲ 0.8% |
| Equity10/15 | €114,190 | €112,324 | €109,509 | €107,732 | €104,432 | €100,389 | €97,951 | ▼ 2.4% |
| Contributions10/11 | €109,482 | €109,482 | €109,482 | €109,482 | €109,482 | €109,482 | €109,482 | = |
| Capital10 | - | - | - | €109,482 | €109,482 | €109,482 | €109,482 | = |
| Issued capital100 | - | - | - | €109,482 | €109,482 | €109,482 | €109,482 | = |
| Reserves13 | €8,703 | €8,703 | €8,703 | €8,703 | €8,703 | €8,703 | €8,703 | = |
| Non-distributable reserves130/1 | - | - | - | €7,900 | €7,900 | €7,900 | €7,900 | = |
| Legal reserve130 | - | - | - | €7,900 | €7,900 | €7,900 | €7,900 | = |
| Distributable reserves133 | - | - | - | €803 | €803 | €803 | €803 | = |
| Profit (loss) carried forward14 | -€3,995 | -€5,861 | -€8,676 | -€10,453 | -€13,753 | -€17,796 | -€20,234 | ▼ 13.7% |
| Amounts payable17/49 | - | €36 | €2,000 | €3,082 | €9,708 | €9,708 | €12,988 | ▲ 33.8% |
| Amounts payable within one year42/48 | - | €36 | - | €3,082 | €9,708 | €9,708 | €12,988 | ▲ 33.8% |
| Trade debts44 | - | €36 | - | €1,082 | - | - | €1,279 | - |
| Suppliers440/4 | - | - | - | €1,082 | - | - | €1,279 | - |
| Other amounts payable47/48 | - | - | - | €2,000 | €9,708 | €9,708 | €11,709 | ▲ 20.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,589 | -€1,866 | -€2,815 | -€1,777 | -€3,300 | -€4,043 | -€2,438 | ▲ 39.7% |
| Operating cash flow (approximation) | -€2,589 | -€1,866 | -€2,815 | -€1,777 | -€3,300 | -€4,043 | -€2,438 | ▲ 39.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,830 | -€851 | -€695 | €3,326 | -€4,043 | €842 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as ARJO has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARJO itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 12,322 companies, not a prediction for ARJO. 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.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00088130 | |
| 30-09-2024 | micro format | 20-03-2025 | 2025-00050927 | |
| 30-09-2023 | micro format | 22-01-2024 | 2024-00004176 | |
| 30-09-2022 | micro format | 12-03-2023 | 2023-00038387 | |
| 30-09-2021 | micro format | 10-03-2022 | 2022-07500127 | |
| 30-09-2020 | micro format | 12-02-2021 | 2021-05400512 | |
| 30-09-2019 | micro format | 30-01-2020 | 2020-04100344 | |
| 30-09-2018 | micro format | 14-02-2019 | 2019-05100521 | |
| 30-09-2017 | abbreviated format | 05-03-2018 | 2018-06300559 | |
| 30-09-2016 | abbreviated format | 23-01-2017 | 2017-01900435 |