ARJUSTIM
ActiveSummary
ARJUSTIM has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €345k and a net result of €-11k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 94% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+53
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.91 against 3.01 in 2024; short-term debt: 6.1% and cash: 1.1% of total assets), and 6.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
19202122232425
2019 to 2025 · latest year €-11k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 14-01-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
3 d early
2023
58 d early
2022
27 d early
2021
14 d early
2020
27 d early
2019
3 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€345k▼ 3.0%
2024 · €356k
Total assets
€368k▼ 2.8%
2024 · €379k
Net result
€-11k▲ 48.5%
2024 · €-21k
Working capital
€-2k
2024 · €47k
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€430▼ 97.4%€13k▲ 2,962%€15k▲ 11.5%€-21k€-11k▲ 49.7%
Net result€266▼ 98.1%€9k▲ 3,199%€10k▲ 11.1%€-21k€-11k▲ 48.5%
Equity€377k▲ 0.1%€386k▲ 2.3%€395k▲ 2.5%€356k▼ 10.0%€345k▼ 3.0%
Total assets€381k▼ 0.4%€393k▲ 3.2%€408k▲ 3.8%€379k▼ 7.0%€368k▼ 2.8%
Debt€4k▼ 30.7%€7k▲ 84.9%€13k▲ 68.9%€23k▲ 85.7%€23k▼ 0.6%
Working capital€166k▲ 11.9%€192k▲ 15.7%€214k▲ 11.2%€47k▼ 77.9%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €21k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €368k
Fixed assets
€348k ▲ 12.8%
Current assets
€20k ▼ 71.1%
Equity and liabilities €368k
Equity
€345k ▼ 3.0%
Debt
€23k ▼ 0.6%
Debt's share of the balance-sheet total rises from 6.2% to 6.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▲
2024 · €-3k
Cash flow
€16k▲
2024 · €-3k
Current ratio
0.91▼
2024 · 3.01
Debt to equity
0.07▲
2024 · 0.07
ROE
-3.1%▲
2024 · -5.8%
ROA
-2.9%▲
2024 · -5.4%
Interest coverage
79.00▲
2024 · -17.30
Debt ≤ 1 year
€23k▼
2024 · €23k
Income taxes
€48▼
2024 · €283
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1k | - | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €17k | €17k | €18k | €27k | ▲ 52.7% |
| Other operating charges640/8 | - | €5k | €9k | €15k | €6k | ▼ 62.6% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €34k | €35k | €41k | €12k | €22k | ▲ 86.2% |
| Operating profit (loss)9901 | €430 | €13k | €15k | €-21k | €-11k | ▲ 49.7% |
| Financial income75/76B | - | €71 | €58 | €1k | €294 | ▼ 71.1% |
| Recurring financial income75 | €36 | €71 | €58 | €1k | €294 | ▼ 71.1% |
| Financial charges65/66B | - | €82 | €124 | €196 | €207 | ▲ 5.5% |
| Recurring financial charges65 | €67 | €82 | €124 | €196 | €207 | ▲ 5.5% |
| Profit (loss) for the period before taxes9903 | €399 | €13k | €15k | €-20k | €-11k | ▲ 48.1% |
| Income taxes67/77 | €133 | €4k | €5k | €283 | €48 | ▼ 83.0% |
| Profit (loss) for the period9904 | €266 | €9k | €10k | €-21k | €-11k | ▲ 48.5% |
| Profit (loss) for the period to be appropriated9905 | €266 | €9k | €10k | €-21k | €-11k | ▲ 48.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €381k | €393k | €408k | €379k | €368k | ▼ 2.8% |
| Fixed assets21/28 | €211k | €194k | €182k | €308k | €348k | ▲ 12.8% |
| Tangible fixed assets22/27 | €211k | €194k | €182k | €308k | €348k | ▲ 12.8% |
| Land and buildings22 | - | €191k | €176k | €280k | €263k | ▼ 6.2% |
| Furniture and vehicles24 | - | €3k | €5k | €28k | €85k | ▲ 202% |
| Current assets29/58 | €170k | €199k | €226k | €71k | €20k | ▼ 71.1% |
| Amounts receivable within one year40/41 | €109 | €5k | €219 | €2k | €6k | ▲ 312% |
| Trade receivables40 | - | €5k | - | - | €6k | - |
| Other amounts receivable41 | - | €0 | €219 | €2k | €675 | ▼ 56.0% |
| Current investments50/53 | €167k | €193k | €225k | €55k | €5k | ▼ 90.9% |
| Cash at bank and in hand54/58 | €2k | €2k | €924 | €14k | €4k | ▼ 70.2% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | €5k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €381k | €393k | €408k | €379k | €368k | ▼ 2.8% |
| Equity10/15 | €377k | €386k | €395k | €356k | €345k | ▼ 3.0% |
| Contributions10/11 | €297k | €297k | €297k | €297k | €297k | = |
| Capital10 | - | €297k | €297k | €297k | €297k | = |
| Issued capital100 | - | €297k | €297k | €297k | €297k | = |
| Reserves13 | €79k | €88k | €98k | €79k | €79k | = |
| Non-distributable reserves130/1 | - | €30k | €30k | €30k | €30k | = |
| Legal reserve130 | - | €30k | €30k | €30k | €30k | = |
| Distributable reserves133 | - | €58k | €68k | €49k | €49k | = |
| Profit (loss) carried forward14 | - | - | - | €-21k | €-31k | ▼ 51.5% |
| Amounts payable17/49 | €4k | €7k | €13k | €23k | €23k | ▼ 0.6% |
| Amounts payable within one year42/48 | €4k | €7k | €13k | €23k | €23k | ▼ 3.9% |
| Trade debts44 | €809 | €0 | €6k | €4k | €20k | ▲ 353% |
| Suppliers440/4 | - | €0 | €6k | €4k | €20k | ▲ 353% |
| Taxes, remuneration and social security45 | - | €5k | €5k | €950 | €147 | ▼ 84.6% |
| Taxes450/3 | - | €5k | €5k | €950 | €147 | ▼ 84.6% |
| Other amounts payable47/48 | - | €2k | €2k | €18k | €2k | ▼ 87.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €782 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €266 | €9k | €10k | €-21k | €-11k | ▲ 48.5% |
| + Depreciation and write-downs630 | €17k | €17k | €17k | €18k | €27k | ▲ 52.7% |
| Operating cash flow (approximation) | €18k | €26k | €27k | €-3k | €16k | ▲ 674% |
| Investment in fixed assets (approximation) | - | €0 | €-6k | €-144k | €-67k | ▲ 53.9% |
| Change in cash | - | €120 | €-784 | €13k | €-10k | ▼ 175% |
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
14-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
04-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Oostende · 1 establishment unit since 1994
Ground area
190 m²
Building footprint
109 m²
Volume, LiDAR
1,110 m³
Parcel 35383C0341/00C008, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARJUSTIM
since 19942.065.681.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35383C0341/00C008 | Flanders | 190 m² | 1 · 109 m² | 14.4 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 3,782 EUR awarded · 3,782 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,782 EUR | 3,782 EUR |
Schemes
Logiessubsidie: steun voor erkend toeristisch logies
Similar companies · same sector, comparable size
B FACILITIES
BE 0899.227.117
Zaventem · Eq €345,154
INAMAR EUROPE
BE 0862.384.042
Tremelo · Eq €345,470
IMMO CAENEN
BE 0867.714.389
Middelkerke · Eq €345,670
BOSMANS BURO
BE 0433.915.345
Vilvoorde · Eq €345,959
IPC immo
BE 0415.874.731
Sint-Truiden · Eq €346,267
Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 4,871 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
Founded04-02-1994
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.