ARLETHO
ActiveARLETHO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.03M and a net result of €-138k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 69% of 1721 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-14
Solvency99=
Growth68▼-17
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 4.5 against 4.8 in 2024), and 39.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
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
60.8%
Return on assets
-4.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
21 d late
2023
28 d late
2022
30 d late
2021
31 d late
2020
3 d early
2019
28 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€243k▲ 197%
2019 · €82k
2018: €127k
2019: €82k
2018 → 2021
EBIT margin
-18.0%▲ 5.9pp
2019 · -23.9%
2018: 26.8%
2019: -23.9%
2018 → 2021
Net result
€-138k
2024 · €61k
2018: €4k
2019: €311k
2021: €249k
2022: €-30k
2023: €426k
2024: €61k
2018 → 2025
Working capital
€826k▼ 15.2%
2024 · €974k
2018: €74k
2019: €145k
2021: €-111k
2022: €-114k
2023: €1.40M
2024: €974k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€243k-
Equity€2.17M-€2.14M▼ 1.4%€2.56M▲ 19.9%€2.17M▼ 15.2%€2.03M▼ 6.4%
Operating result€-44k-€-74k▼ 67.9%€290k€36k▼ 87.7%€-154k
Net result€249k-€-30k€426k€61k▼ 85.6%€-138k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €154k after €36k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.34M
Fixed assets
€2.28M▼ 4.8%
Current assets
€1.06M▼ 13.7%
Equity and liabilities €3.34M
Equity
€2.03M▼ 6.4%
Provisions
€76k▼ 5.4%
Debt
€1.23M▼ 10.2%
The debt ratio falls from 37.9% to 36.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-24k▼
2024 · €166k
Cash flow
€-9k▼
2024 · €192k
Solvency
60.8%▲
2024 · 59.9%
Current ratio
4.50▼
2024 · 4.80
Quick ratio
4.49▼
2024 · 4.79
Debt / equity
0.61▼
2024 · 0.63
ROE
-6.8%▼
2024 · 2.8%
ROA
-4.1%▼
2024 · 1.7%
Interest coverage
-1.17▼
2024 · 7.85
Debt
€1.23M▼
2024 · €1.37M
Debt ≤ 1 year
€236k▼
2024 · €256k
Debt > 1 year
€995k▼
2024 · €1.11M
Income taxes
€-15k▼
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.63M€3.34M▼
Fixed assets21/28€2.40M€2.28M▼
Tangible fixed assets22/27€2.37M€2.26M▼
Land and buildings22€2.34M€2.24M▼
Plant, machinery and equipment23€3k€7k▲
Furniture and vehicles24€6k€4k▼
Leasing and similar rights25€22k€10k▼
Financial fixed assets28€25k€25k=
Current assets29/58€1.23M€1.06M▼
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€164k€153k▼
Trade receivables40€31k€21k▼
Other amounts receivable41€133k€132k▼
Cash at bank and in hand54/58€1.06M€899k▼
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€3.63M€3.34M▼
Equity10/15€2.17M€2.03M▼
Contributions10/11€960k€960k=
Reserves13€1.21M€1.20M▼
Tax-exempt reserves132€157k€148k▼
Distributable reserves133€1.05M€1.05M=
Profit (loss) carried forward14€995€-129k▼
Investment grants15€6k€6k▼
Provisions and deferred taxes16€81k€76k▼
Deferred taxes168€81k€76k▼
Amounts payable17/49€1.37M€1.23M▼
Amounts payable after more than one year17€1.11M€995k▼
Financial debts170/4€1.11M€995k▼
Amounts payable within one year42/48€256k€236k▼
Current portion of amounts payable after more than one year42€128k€119k▼
Taxes, remuneration and social security45€22k€7k▼
Taxes450/3€22k€7k▼
Other amounts payable47/48€107k€110k▲
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€130k▼
Other operating charges640/8€40k€43k▲
Gross operating margin9900€206k€19k▼
Operating profit (loss)9901€36k€-154k▼
Financial income75/76B€79k€17k▼
Recurring financial income75€79k€17k▼
Financial charges65/66B€21k€21k▼
Recurring financial charges65€21k€21k▼
Profit (loss) for the period before taxes9903€93k€-158k▼
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€36k€-15k▼
Profit (loss) for the period9904€61k€-138k▼
Transfer from tax-exempt reserves789€9k€9k=
Profit (loss) for the period to be appropriated9905€70k€-130k▼
Appropriation of the result
Profit (loss) to be appropriated9906€105k€-129k▼
Profit (loss) brought forward from the previous period14P€35k€995▼
Transfer to equity691/2€104k-
To other reserves6921€104k-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-138k ▼325%
Net result drops to €-138k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 21 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Back to profitnet €426k
Net result €426k after one loss-making year.
31-12
Financial
Liquidity times 12current ratio 6.79
Current ratio from 0.55 to 6.79; short-term debt falls from €253k to €242k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Equity above €2MEq €2.17M ▲13.4%
3 profitable years in a row build equity to €2.17M.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 16 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Hannut · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Route de Wavre (THIS) 1044280 HannutGround area
458 m²
Building footprint
181 m²
Volume, LiDAR
1,378 m³
Parcel 64066B0405/00D002, Wallonia · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Route de Wavre (THIS) 104, 4280 Hannut
since 19912.053.990.044
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64066B0405/00D002 | Wallonia | 458 m² | 1 · 181 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,586 companies in sector 01500 we hold annual accounts for 1,144. 627 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-08-1991
Fiscal year end31-12
Activities, NACEBEL
01500Mixed farming
01410Raising of dairy cattle
02100Forestry and logging
46190Agents in non-specialised wholesale trade
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
77310Rental and leasing activities
81300Landscape service activities
94999Other membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.