Arrto
ActiveSummary
Arrto has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €884,924 and a net result of €55,443. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 2778 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Computer consultancy and computer facilities management
NACE 62200IT consultancy NACE 62020
#1 oldest company in Elsene, Telecoms and IT sector1 site
How big
€919,319total assets 2025
- Equity
- €884,924
- Profit
- €55,443
Turnover not published (abridged schema)
Who decides
Accounts 32 d early0 of 3 deeds read
Why 85- Higher-failure-rate region+ Lower-failure-rate sector+ Long track record+ Annual accounts: healthy financial profile+ Lower-risk legal formLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 19.29 against 18.92 in 2024; short-term debt: 2.1% and cash: 9.6% of total assets), and 3.7% 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
Six 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
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
96.3%
Return on assets
6%
Age of the figures
9 mo
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
50 d early
2023
1 d early
2022
25 d late
2021
44 d early
2020
32 d early
2019
32 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 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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. Usually files around 29 June (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2025Total assets €919,319Profit €55,443Solvency 96.3%Liquidity 19.29
Total assets
€919,319▲ 6.8%
2018 - 2025
Net result
€55,443▲ 20.5%
2018 - 2025
Equity
€884,924▲ 6.7%
2018 - 2025
Solvency
96.3%▼ 0.1pp
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 oldest company in Elsene, Telecoms and IT sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€53,167▲ 14.2%€27,729▼ 47.8%€49,948▲ 80.1%€61,555▲ 23.2%€73,668▲ 19.7%
Net result€39,965within the sector's middle half▼ 5.3%€18,696within the sector's middle half▼ 53.2%€37,282within the sector's middle half▲ 99.4%€46,003within the sector's middle half▲ 23.4%€55,443within the sector's middle half▲ 20.5%
Equity€727,500above the sector's middle half▲ 5.8%€746,196above the sector's middle half▲ 2.6%€783,477above the sector's middle half▲ 5.0%€829,481above the sector's middle half▲ 5.9%€884,924above the sector's middle half▲ 6.7%
Total assets€760,430above the sector's middle half▼ 0.2%€776,322above the sector's middle half▲ 2.1%€812,161above the sector's middle half▲ 4.6%€860,493above the sector's middle half▲ 6.0%€919,319within the sector's middle half▲ 6.8%
Debt€11,417▼ 77.9%€10,173▼ 10.9%€10,288▲ 1.1%€14,176▲ 37.8%€19,117▲ 34.9%
Working capital€47,818within the sector's middle half€99,848within the sector's middle half▲ 109%€178,054above the sector's middle half▲ 78.3%€254,072above the sector's middle half▲ 42.7%€349,723above the sector's middle half▲ 37.6%
Solvency95.7%above the sector's middle half▲ 5.5pp96.1%above the sector's middle half▲ 0.4pp96.5%above the sector's middle half▲ 0.3pp96.4%above the sector's middle half▼ 0.1pp96.3%above the sector's middle half▼ 0.1pp
Current ratio5.19above the sector's middle half▲ 4.6710.82above the sector's middle half▲ 5.6318.31above the sector's middle half▲ 7.4918.92above the sector's middle half▲ 0.6219.29above the sector's middle half▲ 0.37
Return on assets (ROA)5.3%within the sector's middle half▼ 0.3pp2.4%below the sector's middle half▼ 2.8pp4.6%within the sector's middle half▲ 2.2pp5.3%within the sector's middle half▲ 0.8pp6.0%within the sector's middle half▲ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €919,319
Fixed assets
€550,479 ▼ 7.1%
Current assets
€368,840 ▲ 37.5%
Equity and liabilities €919,319
Equity
€884,924 ▲ 6.7%
Provisions
€15,278 ▼ 9.3%
Debt
€19,117 ▲ 34.9%
Debt's share of the balance-sheet total rises from 1.6% to 2.1%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€124,303▲
2024 · €110,880
Cash flow
€106,077▲
2024 · €95,329
Debt to equity
0.02▲
2024 · 0.02
ROE
6.3%▲
2024 · 5.5%
Interest coverage
726.41▼
2024 · 988.77
Debt ≤ 1 year
€19,117▲
2024 · €14,176
Income taxes
€22,971▲
2024 · €16,998
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,846 | €47,938 | €47,858 | €49,326 | €50,634 | ▲ 2.7% |
| Other operating charges640/8 | €3,798 | €2,226 | €4,247 | €4,506 | €4,558 | ▲ 1.2% |
| Gross operating margin9900 | €103,812 | €77,893 | €102,052 | €115,386 | €128,861 | ▲ 11.7% |
| Operating profit (loss)9901 | €53,167 | €27,729 | €49,948 | €61,555 | €73,668 | ▲ 19.7% |
| Financial income75/76B | - | - | - | - | €3,358 | - |
| Recurring financial income75 | - | - | - | - | €3,358 | - |
| Financial charges65/66B | €151 | €144 | €148 | €112 | €171 | ▲ 52.6% |
| Recurring financial charges65 | €151 | €144 | €148 | €112 | €171 | ▲ 52.6% |
| Profit (loss) for the period before taxes9903 | €53,017 | €27,584 | €49,799 | €61,442 | €76,855 | ▲ 25.1% |
| Transfer from deferred taxes780 | €1,559 | €1,559 | €1,559 | €1,559 | €1,559 | = |
| Income taxes67/77 | €14,610 | €10,447 | €14,076 | €16,998 | €22,971 | ▲ 35.1% |
| Profit (loss) for the period9904 | €39,965 | €18,696 | €37,282 | €46,003 | €55,443 | ▲ 20.5% |
| Transfer from tax-exempt reserves789 | €4,676 | €4,676 | €4,676 | €4,676 | €4,676 | = |
| Profit (loss) for the period to be appropriated9905 | €44,641 | €23,371 | €41,958 | €50,679 | €60,119 | ▲ 18.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €760,430 | €776,322 | €812,161 | €860,493 | €919,319 | ▲ 6.8% |
| Fixed assets21/28 | €701,194 | €666,302 | €623,820 | €592,246 | €550,479 | ▼ 7.1% |
| Tangible fixed assets22/27 | €701,194 | €666,302 | €623,820 | €592,246 | €550,479 | ▼ 7.1% |
| Land and buildings22 | €700,616 | €666,302 | €621,042 | €590,088 | €547,062 | ▼ 7.3% |
| Plant, machinery and equipment23 | €578 | - | €2,777 | €2,158 | €3,416 | ▲ 58.3% |
| Current assets29/58 | €59,236 | €110,020 | €188,341 | €268,248 | €368,840 | ▲ 37.5% |
| Amounts receivable within one year40/41 | €19,801 | €5,856 | €22,040 | €34,080 | €26,207 | ▼ 23.1% |
| Trade receivables40 | €19,801 | €4,356 | €20,010 | €19,859 | €26,207 | ▲ 32.0% |
| Other amounts receivable41 | - | €1,500 | €2,031 | €14,221 | - | - |
| Current investments50/53 | - | - | - | - | €250,000 | - |
| Cash at bank and in hand54/58 | €36,539 | €101,022 | €162,942 | €230,625 | €87,888 | ▼ 61.9% |
| Deferred charges and accrued income490/1 | €2,896 | €3,142 | €3,359 | €3,543 | €4,745 | ▲ 33.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €760,430 | €776,322 | €812,161 | €860,493 | €919,319 | ▲ 6.8% |
| Equity10/15 | €727,500 | €746,196 | €783,477 | €829,481 | €884,924 | ▲ 6.7% |
| Contributions10/11 | €68,791 | €68,791 | €68,791 | €68,791 | €68,791 | = |
| Capital10 | €68,791 | €68,791 | €68,791 | €68,791 | €68,791 | = |
| Issued capital100 | €68,791 | €68,791 | €68,791 | €68,791 | €68,791 | = |
| Reserves13 | €649,192 | €664,517 | €709,841 | €755,165 | €810,489 | ▲ 7.3% |
| Non-distributable reserves130/1 | €6,879 | €6,879 | €6,879 | €6,879 | €6,879 | = |
| Legal reserve130 | €6,879 | €6,879 | €6,879 | €6,879 | €6,879 | = |
| Tax-exempt reserves132 | €72,313 | €67,638 | €62,962 | €58,286 | €53,610 | ▼ 8.0% |
| Distributable reserves133 | €570,000 | €590,000 | €640,000 | €690,000 | €750,000 | ▲ 8.7% |
| Profit (loss) carried forward14 | €9,516 | €12,888 | €4,845 | €5,524 | €5,643 | ▲ 2.1% |
| Provisions and deferred taxes16 | €21,513 | €19,954 | €18,396 | €16,837 | €15,278 | ▼ 9.3% |
| Deferred taxes168 | €21,513 | €19,954 | €18,396 | €16,837 | €15,278 | ▼ 9.3% |
| Amounts payable17/49 | €11,417 | €10,173 | €10,288 | €14,176 | €19,117 | ▲ 34.9% |
| Amounts payable within one year42/48 | €11,417 | €10,173 | €10,288 | €14,176 | €19,117 | ▲ 34.9% |
| Trade debts44 | €1,805 | €2,561 | €2,408 | €2,105 | €3,983 | ▲ 89.2% |
| Suppliers440/4 | €1,805 | €2,561 | €2,408 | €2,105 | €3,983 | ▲ 89.2% |
| Taxes, remuneration and social security45 | €9,473 | €6,564 | €7,740 | €11,890 | €14,954 | ▲ 25.8% |
| Taxes450/3 | €9,473 | €6,564 | €7,740 | €11,890 | €14,954 | ▲ 25.8% |
| Other amounts payable47/48 | €139 | €1,048 | €139 | €180 | €180 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,965 | €18,696 | €37,282 | €46,003 | €55,443 | ▲ 20.5% |
| + Depreciation and write-downs630 | €46,846 | €47,938 | €47,858 | €49,326 | €50,634 | ▲ 2.7% |
| Operating cash flow (approximation) | €86,811 | €66,634 | €85,139 | €95,329 | €106,077 | ▲ 11.3% |
| Investment in fixed assets (approximation) | - | -€13,046 | -€5,375 | -€17,752 | -€8,867 | ▲ 50.0% |
| Change in cash | - | €64,484 | €61,920 | €67,683 | -€142,737 | ▼ 311% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
SYSTEMS ARCHITECTS
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DAMATION
BE 0476.056.105
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INDEED BELGIUM OPERATIONS
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DIGICONS
BE 0675.395.657
Brussel · Eq €885,898
Of 29,996 companies in this sector we hold annual accounts for 18,400. 9,163 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 29-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet €18,696 ▼53.2%
Net result drops to €18,696, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 10.82
Current ratio from 5.19 to 10.82; short-term debt falls from €11,417 to €10,173.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 10current ratio 5.19
Current ratio from 0.52 to 5.19; short-term debt falls from €51,651 to €11,417.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Company details
Public limited company · founded 27-02-1979Year ends 31-12Peppol reachable1 site1 general meeting
Register details
Identification
Legal formPublic limited company
Founded27-02-1979
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
55209Other holiday and short-stay accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419269632
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
General meetings
1 convocationOrdinary general meeting
Agenda
1) Modification de l’objet social. 2) Mise à jour des statuts et mise en conformité par rapport au Code des sociétés. 3) nomination. 4) Divers. (AXPC11005495/06.10) (36303) ″CHUR″, société anonyme, rue de la Croix 31, 1050 BRUXELLES Numéro d’entreprise 0419.271.315 Convocation
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1979
Ground area
228 m²
Building footprint
248 m²
Volume, LiDAR
2,038 m³
2 parcels, Brussels · tallest building 18.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Sint-Denijsstraat 341, 1190 Vorst
since 1979unit no. 2.015.971.388
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A1037/00P002 | Brussels | 141 m² | 1 · 74 m² | 16.8 m · 4 fl. |
| 21007A0071/00Y010 | Brussels | 87 m² | 1 · 175 m² | 18.0 m · 2 fl. |
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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