AROFINA
ActiveSummary
AROFINA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €127k and a net result of €9k. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 83% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+36
Solvency100=
Growth53▲+13
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 4.74 against 4.2 in 2023; short-term debt: 20.1% and cash: 0.1% of total assets), and 21.3% of the assets are financed with debt.
Credit check for your own amount and term
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 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
not confirmed
2024
76 d late
2023
190 d late
2022
119 d late
2021
180 d late
2020
216 d late
2019
348 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€3k▲ 27.4%
2020 · €3k
2018: €4khighest in 4 years
2019: €3k▼ -25.8% vs 2018
2020: €3k▼ -18.6% vs 2019lowest in 4 years
2021: €3k▲ +27.4% vs 2020
2018 → 2021
EBIT margin
-183.1%▼ 21.9pp
2020 · -161.3%
2018: -181.1%
2019: 738.5%▲ +508% vs 2018highest in 4 years
2020: -161.3%▼ -122% vs 2019
2021: -183.1%▼ -13.6% vs 2020lowest in 4 years
2018 → 2021
Net result
€9k▲ 571%
2023 · €1k
2018: €-9k
2019: €23k▲ +373% vs 2018highest in 7 years
2020: €-5k▼ -120% vs 2019
2021: €-7k▼ -42.8% vs 2020
2022: €-18k▼ -176% vs 2021lowest in 7 years
2023: €1k▲ +107% vs 2022
2024: €9k▲ +571% vs 2023
2018 → 2024
Working capital
€121k▲ 4.4%
2023 · €116k
2018: €114k
2019: €140k▲ +22.6% vs 2018highest in 7 years
2020: €135k▼ -3.7% vs 2019
2021: €132k▼ -2.2% vs 2020
2022: €114k▼ -14.0% vs 2021lowest in 7 years
2023: €116k▲ +2.1% vs 2022
2024: €121k▲ +4.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€3k-€3k▲ 27.4%
2020: €3k
2021: €3k▲ +27.4% vs 2020
Equity€141k-€134k▼ 4.7%€116k▼ 13.7%€117k▲ 1.2%€127k▲ 7.8%
2020: €141khighest in 5 years
2021: €134k▼ -4.7% vs 2020
2022: €116k▼ -13.7% vs 2021lowest in 5 years
2023: €117k▲ +1.2% vs 2022
2024: €127k▲ +7.8% vs 2023
Operating result€-4k-€-6k▼ 44.6%€-3k▲ 55.2%€2k€9k▲ 511%
2020: €-4k
2021: €-6k▼ -44.6% vs 2020lowest in 5 years
2022: €-3k▲ +55.2% vs 2021
2023: €2k▲ +155% vs 2022
2024: €9k▲ +511% vs 2023highest in 5 years
Net result€-5k-€-7k▼ 42.8%€-18k▼ 176%€1k€9k▲ 571%
2020: €-5k
2021: €-7k▼ -42.8% vs 2020
2022: €-18k▼ -176% vs 2021lowest in 5 years
2023: €1k▲ +107% vs 2022
2024: €9k▲ +571% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 511% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €161k
Fixed assets
€8k ▲ 118%
Current assets
€153k ▲ 0.7%
Equity and liabilities €161k
Equity
€127k ▲ 7.8%
Debt
€34k ▼ 10.2%
Debt's share of the balance-sheet total falls from 24.6% to 21.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k
Cash flow
€11k
Current ratio
4.74▲
2023 · 4.20
Debt to equity
0.27▼
2023 · 0.33
ROE
7.2%▲
2023 · 1.2%
ROA
5.7%▲
2023 · 0.9%
Interest coverage
64.80
Debt ≤ 1 year
€32k▼
2023 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€156k€161k▲
Fixed assets21/28€3k€8k▲
Tangible fixed assets22/27€3k€8k▲
Land and buildings22€3k€3k=
Furniture and vehicles24-€4k
Current assets29/58€152k€153k▲
Amounts receivable within one year40/41€152k€153k▲
Trade receivables40€3k€5k▲
Other amounts receivable41€149k€148k▼
Cash at bank and in hand54/58-€96
Equity and liabilities
Total equity and liabilities10/49€156k€161k▲
Equity10/15€117k€127k▲
Contributions10/11€165k€165k=
Capital10€165k€165k=
Issued capital100€165k€165k=
Reserves13€153k€153k=
Non-distributable reserves130/1€268€268=
Legal reserve130€268€268=
Distributable reserves133€153k€153k=
Profit (loss) carried forward14€-201k€-191k▲
Amounts payable17/49€38k€34k▼
Amounts payable within one year42/48€36k€32k▼
Current portion of amounts payable after more than one year42€4-
Trade debts44€912€3k▲
Suppliers440/4€912€3k▲
Taxes, remuneration and social security45-€156
Taxes450/3-€156
Other amounts payable47/48€35k€29k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Other operating charges640/8€2k€1k▼
Gross operating margin9900€3k€12k▲
Operating profit (loss)9901€2k€9k▲
Financial charges65/66B€163€175▲
Recurring financial charges65€163€175▲
Profit (loss) for the period before taxes9903€1k€9k▲
Profit (loss) for the period9904€1k€9k▲
Profit (loss) for the period to be appropriated9905€1k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-201k€-191k▲
Profit (loss) brought forward from the previous period14P€-202k€-201k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3k | €3k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €5k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | - | - | €2k | - |
| Other operating charges640/8 | - | €1k | €615 | €2k | €1k | ▼ 43.7% |
| Gross operating margin9900 | €238 | €-963 | €-2k | €3k | €12k | ▲ 274% |
| Operating profit (loss)9901 | €-4k | €-6k | €-3k | €2k | €9k | ▲ 511% |
| Financial charges65/66B | - | €500 | €4k | €163 | €175 | ▲ 7.4% |
| Recurring financial charges65 | €406 | €500 | €4k | €163 | €175 | ▲ 7.4% |
| Profit (loss) for the period before taxes9903 | €-5k | €-7k | €-7k | €1k | €9k | ▲ 571% |
| Income taxes67/77 | - | - | €11k | - | - | - |
| Profit (loss) for the period9904 | €-5k | €-7k | €-18k | €1k | €9k | ▲ 571% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-7k | €-18k | €1k | €9k | ▲ 571% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €160k | €159k | €150k | €156k | €161k | ▲ 3.3% |
| Fixed assets21/28 | €7k | €3k | €3k | €3k | €8k | ▲ 118% |
| Tangible fixed assets22/27 | €7k | €3k | €3k | €3k | €8k | ▲ 118% |
| Land and buildings22 | - | €3k | €3k | €3k | €3k | = |
| Furniture and vehicles24 | - | - | - | - | €4k | - |
| Current assets29/58 | €153k | €155k | €147k | €152k | €153k | ▲ 0.7% |
| Amounts receivable within one year40/41 | €153k | €155k | €147k | €152k | €153k | ▲ 0.7% |
| Trade receivables40 | - | €4k | - | €3k | €5k | ▲ 52.9% |
| Other amounts receivable41 | - | €152k | €147k | €149k | €148k | ▼ 0.5% |
| Cash at bank and in hand54/58 | - | - | €11 | - | €96 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €160k | €159k | €150k | €156k | €161k | ▲ 3.3% |
| Equity10/15 | €141k | €134k | €116k | €117k | €127k | ▲ 7.8% |
| Contributions10/11 | €165k | €165k | €165k | €165k | €165k | = |
| Capital10 | - | €165k | €165k | €165k | €165k | = |
| Issued capital100 | - | €165k | €165k | €165k | €165k | = |
| Reserves13 | €153k | €153k | €153k | €153k | €153k | = |
| Non-distributable reserves130/1 | - | €268 | €268 | €268 | €268 | = |
| Legal reserve130 | - | €268 | €268 | €268 | €268 | = |
| Distributable reserves133 | - | €153k | €153k | €153k | €153k | = |
| Profit (loss) carried forward14 | €-177k | €-184k | €-202k | €-201k | €-191k | ▲ 4.5% |
| Amounts payable17/49 | €19k | €24k | €34k | €38k | €34k | ▼ 10.2% |
| Amounts payable within one year42/48 | €18k | €23k | €33k | €36k | €32k | ▼ 10.9% |
| Current portion of amounts payable after more than one year42 | - | €3k | - | €4 | - | - |
| Trade debts44 | €1k | €258 | - | €912 | €3k | ▲ 229% |
| Suppliers440/4 | - | €258 | - | €912 | €3k | ▲ 229% |
| Taxes, remuneration and social security45 | - | - | - | - | €156 | - |
| Taxes450/3 | - | - | - | - | €156 | - |
| Other amounts payable47/48 | - | €20k | €33k | €35k | €29k | ▼ 17.5% |
| Accrued charges and deferred income492/3 | - | €1k | €946 | €2k | €2k | ▲ 2.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-7k | €-18k | €1k | €9k | ▲ 571% |
| + Depreciation and write-downs630 | €4k | €4k | - | - | €2k | - |
| Operating cash flow (approximation) | €-963 | €-3k | €-18k | €1k | €11k | ▲ 722% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-6k | - |
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
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 76 days late
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 190 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 119 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 180 days late
2022
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
04-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 216 days late
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 348 days late
2020
06-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 190 days late
2019
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 92 days late
2017
02-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 94 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 122 days late
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, Hannut · 1 establishment unit since 1991
Ground area
1,122 m²
Building footprint
219 m²
Volume, LiDAR
1,940 m³
2 parcels, Wallonia · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue de Huy 3, 4280 Hannut
since 19912.051.478.833
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64034B1187/00M000 | Wallonia | 843 m² | 1 · 166 m² | 13.3 m · 4 fl. |
| 64034B1008/00H000 | Wallonia | 279 m² | 1 · 53 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,353 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
Founded24-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
01500Mixed farming
Scores and ratios are computed by Checked and are not a credit decision.