Arjulo
ActiveSummary
Arjulo has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €58,158. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-11
Solvency82▼-18
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 3.51 against 5.81 in 2024; short-term debt: 4.4% and cash: 5.7% of total assets), and 42.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
57.5%
Return on assets
1.5%
Age of the figures
9 mo
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
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
6 d early
2023
5 d early
2022
7 d early
2021
13 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€2.2m▼ 4.5%
2024 · €2.3m
Total assets
€3.8m▲ 56.1%
2024 · €2.4m
Net result
€58,158▼ 77.9%
2024 · €263,215
Working capital
€414,865▼ 40.7%
2024 · €699,030
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€371,697▲ 21.7%€389,124▲ 4.7%€240,240▼ 38.3%€380,851▲ 58.5%€114,998▼ 69.8%
Net result€249,100above the sector's middle half▲ 20.8%€259,223above the sector's middle half▲ 4.1%€157,359above the sector's middle half▼ 39.3%€263,215above the sector's middle half▲ 67.3%€58,158within the sector's middle half▼ 77.9%
Equity€1.6mabove the sector's middle half▲ 18.5%€1.9mabove the sector's middle half▲ 16.3%€2.0mabove the sector's middle half▲ 8.8%€2.3mabove the sector's middle half▲ 13.1%€2.2mabove the sector's middle half▼ 4.5%
Total assets€2.0mabove the sector's middle half▲ 5.7%€2.3mabove the sector's middle half▲ 17.4%€2.2mabove the sector's middle half▼ 3.1%€2.4mabove the sector's middle half▲ 7.9%€3.8mabove the sector's middle half▲ 56.1%
Debt€382,671▼ 27.2%€467,034▲ 22.0%€232,325▼ 50.3%€146,092▼ 37.1%€1.6m▲ 1,001%
Working capital€65,445within the sector's middle half€333,832above the sector's middle half▲ 410%€388,200above the sector's middle half▲ 16.3%€699,030above the sector's middle half▲ 80.1%€414,865above the sector's middle half▼ 40.7%
Solvency80.6%above the sector's middle half▲ 8.8pp79.9%above the sector's middle half▼ 0.8pp89.7%above the sector's middle half▲ 9.8pp94.0%above the sector's middle half▲ 4.3pp57.5%within the sector's middle half▼ 36.5pp
Current ratio1.18within the sector's middle half▲ 0.551.72within the sector's middle half▲ 0.542.68within the sector's middle half▲ 0.975.81above the sector's middle half▲ 3.133.51within the sector's middle half▼ 2.30
Return on assets (ROA)12.6%within the sector's middle half▲ 1.6pp11.2%within the sector's middle half▼ 1.4pp7.0%within the sector's middle half▼ 4.2pp10.9%within the sector's middle half▲ 3.9pp1.5%below the sector's middle half▼ 9.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€3.2m ▲ 103%
Current assets
€580,340 ▼ 31.3%
Equity and liabilities €3.8m
Equity
€2.2m ▼ 4.5%
Debt
€1.6m ▲ 1,001%
Debt's share of the balance-sheet total rises from 6.0% to 42.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€373,566▼
2024 · €429,144
Cash flow
€316,726▲
2024 · €311,508
Debt to equity
0.74▲
2024 · 0.06
ROE
2.7%▼
2024 · 11.6%
Interest coverage
11.43▼
2024 · 90.99
Debt ≤ 1 year
€165,475▲
2024 · €145,329
Debt > 1 year
€1.4m
Income taxes
€28,184▼
2024 · €121,021
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 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% | 1.7% |
| 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 75% 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 6,045 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,769 | €24,597 | €28,869 | €48,293 | €258,568 | ▲ 435% |
| Other operating charges640/8 | €1,736 | €1,826 | €2,054 | €2,531 | €4,877 | ▲ 92.7% |
| Non-recurring operating charges66A | - | - | - | - | €18,120 | - |
| Gross operating margin9900 | €399,201 | €415,547 | €271,163 | €431,676 | €396,563 | ▼ 8.1% |
| Operating profit (loss)9901 | €371,697 | €389,124 | €240,240 | €380,851 | €114,998 | ▼ 69.8% |
| Financial income75/76B | €2,336 | €4,686 | €4,392 | €8,101 | €4,039 | ▼ 50.1% |
| Recurring financial income75 | €2,336 | €4,686 | €4,392 | €8,101 | €4,039 | ▼ 50.1% |
| Financial charges65/66B | €4,515 | €3,838 | €7,330 | €4,716 | €32,695 | ▲ 593% |
| Recurring financial charges65 | €4,515 | €3,838 | €7,330 | €4,716 | €32,695 | ▲ 593% |
| Profit (loss) for the period before taxes9903 | €369,518 | €389,973 | €237,302 | €384,236 | €86,342 | ▼ 77.5% |
| Income taxes67/77 | €120,418 | €130,750 | €79,943 | €121,021 | €28,184 | ▼ 76.7% |
| Profit (loss) for the period9904 | €249,100 | €259,223 | €157,359 | €263,215 | €58,158 | ▼ 77.9% |
| Profit (loss) for the period to be appropriated9905 | €249,100 | €259,223 | €157,359 | €263,215 | €58,158 | ▼ 77.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.3m | €2.2m | €2.4m | €3.8m | ▲ 56.1% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.6m | €1.6m | €3.2m | ▲ 103% |
| Tangible fixed assets22/27 | €542,210 | €518,509 | €627,675 | €579,382 | €2.2m | ▲ 280% |
| Land and buildings22 | €533,233 | €512,419 | €492,677 | €473,944 | €2.2m | ▲ 364% |
| Plant, machinery and equipment23 | €8,450 | €5,281 | €3,850 | €963 | €189 | ▼ 80.4% |
| Furniture and vehicles24 | €528 | €809 | €131,147 | €104,475 | €4,752 | ▼ 95.5% |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Current assets29/58 | €432,712 | €799,998 | €619,083 | €844,358 | €580,340 | ▼ 31.3% |
| Amounts receivable after more than one year29 | €180,000 | €180,000 | €150,000 | €150,000 | - | - |
| Other amounts receivable291 | €180,000 | €180,000 | €150,000 | €150,000 | - | - |
| Amounts receivable within one year40/41 | €64,180 | €136,520 | €202,559 | €224,913 | €331,884 | ▲ 47.6% |
| Trade receivables40 | €61,844 | €131,848 | €146,835 | €120,190 | €115,990 | ▼ 3.5% |
| Other amounts receivable41 | €2,336 | €4,673 | €55,725 | €104,723 | €215,894 | ▲ 106% |
| Cash at bank and in hand54/58 | €112,416 | €407,526 | €234,977 | €438,041 | €216,578 | ▼ 50.6% |
| Deferred charges and accrued income490/1 | €76,115 | €75,952 | €31,547 | €31,405 | €31,878 | ▲ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.3m | €2.2m | €2.4m | €3.8m | ▲ 56.1% |
| Equity10/15 | €1.6m | €1.9m | €2.0m | €2.3m | €2.2m | ▼ 4.5% |
| Contributions10/11 | €13,000 | €13,000 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1.2m | €1.4m | €1.6m | €1.9m | €1.7m | ▼ 5.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | €1.2m | €1.4m | €1.6m | €1.8m | €1.7m | ▼ 5.6% |
| Profit (loss) carried forward14 | €407,972 | €407,972 | €407,972 | €407,972 | €407,972 | = |
| Amounts payable17/49 | €382,671 | €467,034 | €232,325 | €146,092 | €1.6m | ▲ 1,001% |
| Amounts payable after more than one year17 | €14,875 | - | - | - | €1.4m | - |
| Financial debts170/4 | €14,875 | - | - | - | €1.4m | - |
| Amounts payable within one year42/48 | €367,266 | €466,167 | €230,883 | €145,329 | €165,475 | ▲ 13.9% |
| Current portion of amounts payable after more than one year42 | €238,020 | €162,960 | €116,400 | €69,840 | €103,280 | ▲ 47.9% |
| Trade debts44 | €45,054 | €30,997 | €46,244 | €27,197 | €29,283 | ▲ 7.7% |
| Suppliers440/4 | €45,054 | €30,997 | €46,244 | €27,197 | €29,283 | ▲ 7.7% |
| Taxes, remuneration and social security45 | €78,376 | €82,271 | €67,294 | €48,292 | €28,863 | ▼ 40.2% |
| Taxes450/3 | €78,376 | €82,271 | €67,294 | €48,292 | €28,863 | ▼ 40.2% |
| Other amounts payable47/48 | €5,816 | €189,939 | €945 | - | €4,049 | - |
| Accrued charges and deferred income492/3 | €530 | €867 | €1,442 | €764 | €13,139 | ▲ 1,620% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €249,100 | €259,223 | €157,359 | €263,215 | €58,158 | ▼ 77.9% |
| + Depreciation and write-downs630 | €25,769 | €24,597 | €28,869 | €48,293 | €258,568 | ▲ 435% |
| Operating cash flow (approximation) | €274,869 | €283,820 | €186,228 | €311,508 | €316,726 | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | -€896 | -€138,035 | €0 | -€1.9m | - |
| Change in cash | - | €295,110 | -€172,550 | €203,064 | -€221,462 | ▼ 209% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €58,158 ▼77.9%
Net result drops to €58,158, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €263,215 ▲67.3%
Net result €263,215, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 5.81
Current ratio from 2.68 to 5.81; short-term debt falls from €230,883 to €145,329.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €2mEq €2.0m ▲8.8%
6 profitable years in a row build equity to €2.0m.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €1mEq €1.1m ▲16.2%
2 profitable years in a row build equity to €1.1m.
Show earlier events
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
10-06
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
2011
07-07
State Gazette act
General meeting · Director reappointment
Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Merelbeke-Melle · 1 establishment unit since 2009
Ground area
6,493 m²
Building footprint
2,454 m²
Volume, LiDAR
93 m³
Parcel 44043A0718/00A002, Flanders · tallest building 4.5 m. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
ARJULO
since 20092.181.333.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0718/00A002 | Flanders | 6,493 m² | 1 · 2,454 m² | 4.5 m |
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
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Global Eco
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Similar companies · same sector, comparable size
PLUS SERVICES
BE 0638.920.291
Roeselare · Eq €2,176,165
NADOHOLD
BE 0895.161.431
Holsbeek · Eq €2,176,950
THE CONNECTING COMPANY
BE 0734.628.807
Hasselt · Eq €2,177,282
INSURANCE ADVISE DE MULDER
BE 0867.641.046
Grimbergen · Eq €2,177,866
INIZIO
BE 0756.577.828
Bornem · Eq €2,178,056
Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 19,187 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
Founded09-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46711Wholesale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0816961219
Also
9925:BE0816961219
Registered
13-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.