ARO
ActiveSummary
ARO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42.5m and a net result of €6.1m. Equity is growing by ~15% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▲+21
Solvency84▲+12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 0.15 in 2024; short-term debt: 5.8% and cash: 0.4% of total assets), and 40.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
59.3%
Return on assets
8.5%
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
27 d early
2023
7 d early
2022
4 d early
2021
24 d early
2020
17 d late
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 10 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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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 Can you accept this company as a client under the anti-money-laundering law?AML client file Which other companies belong to the same group?ARO · 2 companies How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6.1m▲ 5,461%
2024 · €109,106
Working capital
€3.2m
2024 · -€34.7m
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-€560,726▼ 3,004%-€140,815▲ 74.9%-€210,222▼ 49.3%-€108,745▲ 48.3%-€163,331▼ 50.2%
Net result€22.7m▲ 421,888%€3.3m▼ 85.3%€542,188▼ 83.8%€109,106▼ 79.9%€6.1m▲ 5,461%
Equity€32.4m▲ 235%€35.8m▲ 10.3%€36.3m▲ 1.5%€36.4m▲ 0.3%€42.5m▲ 16.7%
Total assets€63.5m▲ 465%€65.5m▲ 3.0%€71.6m▲ 9.3%€77.2m▲ 7.9%€71.6m▼ 7.3%
Debt€31.1m▲ 1,882%€29.7m▼ 4.6%€35.3m▲ 18.8%€40.8m▲ 15.7%€29.1m▼ 28.6%
Working capital€1.8m▲ 81.3%-€25.7m-€31.3m▼ 21.6%-€34.7m▼ 10.9%€3.2m
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €163,331 in 2025 against €108,745 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71.6m
Fixed assets
€64.3m ▼ 9.5%
Current assets
€7.3m ▲ 18.8%
Equity and liabilities €71.6m
Equity
€42.5m ▲ 16.7%
Debt
€29.1m ▼ 28.6%
Debt's share of the balance-sheet total falls from 52.8% to 40.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.77▲
2024 · 0.15
Debt to equity
0.69▼
2024 · 1.12
ROE
14.3%▲
2024 · 0.3%
ROA
8.5%▲
2024 · 0.1%
Debt ≤ 1 year
€4.1m▼
2024 · €40.8m
Debt > 1 year
€25.0m
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €144,468 | - | - | - | €2,258 | - |
| Other operating income74 | €144,468 | - | - | - | €2,258 | - |
| Operating charges60/66A | €705,194 | €140,815 | €210,222 | €108,745 | €165,589 | ▲ 52.3% |
| Services and other goods61 | €559,796 | €139,760 | €209,074 | €107,590 | €164,404 | ▲ 52.8% |
| Other operating charges640/8 | €145,398 | €1,055 | €1,147 | €1,155 | €1,185 | ▲ 2.7% |
| Operating profit (loss)9901 | -€560,726 | -€140,815 | -€210,222 | -€108,745 | -€163,331 | ▼ 50.2% |
| Financial income75/76B | €23.4m | €3.9m | €2.5m | €1.9m | €7.9m | ▲ 307% |
| Recurring financial income75 | €2.2m | €3.9m | €2.5m | €1.9m | €5.0m | ▲ 160% |
| Income from financial fixed assets750 | €2.0m | €2.4m | €1.7m | €28,589 | €4.1m | ▲ 14,298% |
| Income from current assets751 | €121,280 | €1.0m | €737,106 | €1.4m | €184,109 | ▼ 86.7% |
| Other financial income752/9 | - | €495,752 | €47,036 | €520,029 | €704,957 | ▲ 35.6% |
| Non-recurring financial income76B | €21.2m | - | - | - | €2.9m | - |
| Financial charges65/66B | €73,650 | €434,086 | €1.7m | €1.7m | €1.6m | ▼ 4.9% |
| Recurring financial charges65 | €73,650 | €322,396 | €1.7m | €1.5m | €1.6m | ▲ 5.8% |
| Debt charges650 | €64,132 | €315,518 | €1.6m | €1.5m | €991,605 | ▼ 35.1% |
| Other financial charges652/9 | €9,519 | €6,878 | €126,368 | €10,524 | €635,881 | ▲ 5,942% |
| Non-recurring financial charges66B | - | €111,691 | - | €171,884 | - | - |
| Profit (loss) for the period before taxes9903 | €22.7m | €3.3m | €542,188 | €109,106 | €6.1m | ▲ 5,461% |
| Profit (loss) for the period9904 | €22.7m | €3.3m | €542,188 | €109,106 | €6.1m | ▲ 5,461% |
| Profit (loss) for the period to be appropriated9905 | €22.7m | €3.3m | €542,188 | €109,106 | €6.1m | ▲ 5,461% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63.5m | €65.5m | €71.6m | €77.2m | €71.6m | ▼ 7.3% |
| Fixed assets21/28 | €30.6m | €61.5m | €67.6m | €71.1m | €64.3m | ▼ 9.5% |
| Financial fixed assets28 | €30.6m | €61.5m | €67.6m | €71.1m | €64.3m | ▼ 9.5% |
| Affiliated companies280/1 | €8.5m | €27.0m | €27.0m | €22.2m | €22.2m | = |
| Participating interests280 | €8.5m | €27.0m | €27.0m | €22.2m | €22.2m | = |
| Companies linked by participating interests282/3 | €2.0m | €1.8m | €1.8m | €6.2m | €6.6m | ▲ 5.6% |
| Participating interests282 | €2.0m | €1.8m | €1.8m | €6.2m | €6.6m | ▲ 5.6% |
| Other financial fixed assets284/8 | €20.1m | €32.7m | €38.8m | €42.6m | €35.5m | ▼ 16.7% |
| Shares284 | €16.7m | €29.3m | €35.3m | €39.1m | €35.3m | ▼ 9.8% |
| Amounts receivable and cash guarantees285/8 | €3.4m | €3.4m | €3.5m | €3.5m | €226,500 | ▼ 93.5% |
| Current assets29/58 | €33.0m | €4.0m | €4.0m | €6.1m | €7.3m | ▲ 18.8% |
| Amounts receivable after more than one year29 | €2.2m | €2.5m | €3.0m | €5.1m | €5.0m | ▼ 2.7% |
| Other amounts receivable291 | €2.2m | €2.5m | €3.0m | €5.1m | €5.0m | ▼ 2.7% |
| Amounts receivable within one year40/41 | €606,091 | €24,483 | €153,932 | €469,139 | €540,644 | ▲ 15.2% |
| Trade receivables40 | €144,468 | - | - | - | - | - |
| Other amounts receivable41 | €461,622 | €24,483 | €153,932 | €469,139 | €540,644 | ▲ 15.2% |
| Current investments50/53 | €80,000 | €60,000 | €240,995 | €60,000 | €1.4m | ▲ 2,311% |
| Other investments51/53 | €80,000 | €60,000 | €240,995 | €60,000 | €1.4m | ▲ 2,311% |
| Cash at bank and in hand54/58 | €30.0m | €1.3m | €448,012 | €319,836 | €275,428 | ▼ 13.9% |
| Deferred charges and accrued income490/1 | €121,515 | €109,280 | €158,181 | €190,345 | €67,897 | ▼ 64.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63.5m | €65.5m | €71.6m | €77.2m | €71.6m | ▼ 7.3% |
| Equity10/15 | €32.4m | €35.8m | €36.3m | €36.4m | €42.5m | ▲ 16.7% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €32.2m | €35.6m | €36.1m | €36.2m | €42.3m | ▲ 16.8% |
| Non-distributable reserves130/1 | €20,000 | €20,000 | - | - | - | - |
| Reserves not available under the articles1311 | €20,000 | €20,000 | - | - | - | - |
| Distributable reserves133 | €32.2m | €35.5m | €36.1m | €36.2m | €42.3m | ▲ 16.8% |
| Amounts payable17/49 | €31.1m | €29.7m | €35.3m | €40.8m | €29.1m | ▼ 28.6% |
| Amounts payable after more than one year17 | - | - | - | - | €25.0m | - |
| Other amounts payable178/9 | - | - | - | - | €25.0m | - |
| Amounts payable within one year42/48 | €31.1m | €29.7m | €35.3m | €40.8m | €4.1m | ▼ 89.9% |
| Trade debts44 | €526,484 | €38,660 | €37,949 | €8,672 | €20,274 | ▲ 134% |
| Suppliers440/4 | €526,484 | €38,660 | €37,949 | €8,672 | €20,274 | ▲ 134% |
| Other amounts payable47/48 | €30.6m | €29.7m | €35.2m | €40.8m | €4.1m | ▼ 90.0% |
| Accrued charges and deferred income492/3 | €3,400 | €435 | €6,327 | €5,783 | €5,374 | ▼ 7.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22.7m | €3.3m | €542,188 | €109,106 | €6.1m | ▲ 5,461% |
| Operating cash flow (approximation) | €22.7m | €3.3m | €542,188 | €109,106 | €6.1m | ▲ 5,461% |
| Investment in fixed assets (approximation) | - | -€30.9m | -€6.1m | -€3.5m | €6.8m | ▲ 293% |
| Change in cash | - | -€28.7m | -€850,140 | -€128,176 | -€44,407 | ▲ 65.4% |
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 · full schema
2025
31-12
Financial
Liquidity times 12current ratio 1.77
Current ratio from 0.15 to 1.77; short-term debt falls from €40.8m to €4.1m.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €22.7m ▲421,888%
Net result €22.7m, the highest in the series.
31-12
Financial
Equity above €25mEq €32.4m ▲235%
4 profitable years in a row build equity to €32.4m.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €5,390 ▼99.6%
Net result drops to €5,390, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 7current ratio 1129.35
Current ratio from 167.97 to 1129.35; short-term debt falls from €16,612 to €3,330.
Show earlier events
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Genk · 1 establishment unit since 1999
Ground area
1.3 ha
Building footprint
1,795 m²
Volume, LiDAR
9,498 m³
Parcel 71307H0001/00V009, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
31
companies at this address
See who is registered here
1 establishment unit
Transportlaan 4, 3600 Genk
since 19992.091.243.784
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71307H0001/00V009 | Flanders | 1.3 ha | 1 · 1,795 m² | 8.7 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.
Structure & network
Heads the group
ARO
2 companies
Group, risk and exposure
Connections & network
No current directors or connected companies found in the register.
Ownership & control
1 subsidiaryAROBE 0465.554.369
controls
Where this company holds controlsubsidiary per the LEI register1
Maasmechelen · LEI lapsed
Recognitions · licences · registrations
Legal Entity Identifier
549300PJKEHGOKC57J87
Identification & contact
Identification
Legal formPrivate limited company
Founded01-03-1999
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.