ARS
ActiveSummary
The computed 12-month bankruptcy probability of ARS is 3.0% (moderate). The 2024 annual accounts show equity of €26,168 and a net result of -€9,090. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 90% of 36377 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-60
Solvency100▲+15
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 6.74 against 2.52 in 2023; short-term debt: 14.8% and cash: 19.4% of total assets), and 14.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
85.2%
Return on assets
-29.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
36 d early
2022
32 d early
2021
39 d early
2020
40 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€26,168▼ 25.8%
2023 · €35,258
Total assets
€30,725▼ 47.4%
2023 · €58,388
Net result
-€9,090
2023 · €5,183
Working capital
€26,168▼ 25.8%
2023 · €35,258
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
Line20202021202220232024
Operating result€1,157-€31,284▲ 2,603%€8,471▼ 72.9%€11,711▲ 38.2%-€8,133
Net result€850-€23,790▲ 2,698%€4,234▼ 82.2%€5,183▲ 22.4%-€9,090
Equity€2,050-€25,840▲ 1,160%€30,075▲ 16.4%€35,258▲ 17.2%€26,168▼ 25.8%
Total assets€11,948-€36,709▲ 207%€46,773▲ 27.4%€58,388▲ 24.8%€30,725▼ 47.4%
Debt€9,897-€10,869▲ 9.8%€16,698▲ 53.6%€23,130▲ 38.5%€4,557▼ 80.3%
Working capital€2,050-€25,840▲ 1,160%€30,075▲ 16.4%€35,258▲ 17.2%€26,168▼ 25.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €8,133 after €11,711 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €30,725
Equity
€26,168 ▼ 25.8%
Debt
€4,557 ▼ 80.3%
Debt's share of the balance-sheet total falls from 39.6% to 14.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
6.74▲
2023 · 2.52
Debt to equity
0.17▼
2023 · 0.66
ROE
-34.7%▼
2023 · 14.7%
ROA
-29.6%▼
2023 · 8.9%
Debt ≤ 1 year
€4,557▼
2023 · €23,130
Staff costs
€3▼
2023 · €14,081
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,733 | - | - |
| Remuneration, social security and pensions62 | - | €387 | €20,971 | €14,081 | €3 | ▼ 100.0% |
| Other operating charges640/8 | - | €369 | €4,941 | €835 | €549 | ▼ 34.2% |
| Gross operating margin9900 | €1,496 | €32,041 | €34,383 | €26,627 | -€7,580 | ▼ 128% |
| Operating profit (loss)9901 | €1,157 | €31,284 | €8,471 | €11,711 | -€8,133 | ▼ 169% |
| Financial income75/76B | - | €228 | €0 | €3 | €0 | ▼ 86.7% |
| Recurring financial income75 | - | €228 | €0 | €3 | €0 | ▼ 86.7% |
| Financial charges65/66B | - | €2,772 | €3,178 | €5,124 | €957 | ▼ 81.3% |
| Recurring financial charges65 | €307 | €2,772 | €3,178 | €5,124 | €957 | ▼ 81.3% |
| Profit (loss) for the period before taxes9903 | €850 | €28,740 | €5,293 | €6,590 | -€9,090 | ▼ 238% |
| Income taxes67/77 | - | €4,950 | €1,059 | €1,407 | - | - |
| Profit (loss) for the period9904 | €850 | €23,790 | €4,234 | €5,183 | -€9,090 | ▼ 275% |
| Profit (loss) for the period to be appropriated9905 | €850 | €23,790 | €4,234 | €5,183 | -€9,090 | ▼ 275% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,948 | €36,709 | €46,773 | €58,388 | €30,725 | ▼ 47.4% |
| Current assets29/58 | €11,948 | €36,709 | €46,773 | €58,388 | €30,725 | ▼ 47.4% |
| Stocks and contracts in progress3 | - | - | - | €5,588 | - | - |
| Stocks30/36 | - | - | - | €5,588 | - | - |
| Amounts receivable within one year40/41 | €8,108 | €27,877 | €31,483 | €36,897 | €24,780 | ▼ 32.8% |
| Trade receivables40 | - | €13,476 | €14,241 | €28,756 | €8,966 | ▼ 68.8% |
| Other amounts receivable41 | - | €14,400 | €17,242 | €8,141 | €15,813 | ▲ 94.2% |
| Cash at bank and in hand54/58 | €3,839 | €8,833 | €15,290 | €15,903 | €5,946 | ▼ 62.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,948 | €36,709 | €46,773 | €58,388 | €30,725 | ▼ 47.4% |
| Equity10/15 | €2,050 | €25,840 | €30,075 | €35,258 | €26,168 | ▼ 25.8% |
| Contributions10/11 | - | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Profit (loss) carried forward14 | €850 | €24,640 | €28,875 | €34,058 | €24,968 | ▼ 26.7% |
| Amounts payable17/49 | €9,897 | €10,869 | €16,698 | €23,130 | €4,557 | ▼ 80.3% |
| Amounts payable within one year42/48 | €9,897 | €10,869 | €16,698 | €23,130 | €4,557 | ▼ 80.3% |
| Trade debts44 | €7,740 | €6,068 | €3,515 | €9,428 | €543 | ▼ 94.2% |
| Suppliers440/4 | - | €6,068 | €3,515 | €9,428 | €543 | ▼ 94.2% |
| Taxes, remuneration and social security45 | - | €4,688 | €12,430 | €8,117 | €4,014 | ▼ 50.6% |
| Taxes450/3 | - | €4,688 | €10,789 | €5,314 | €4,014 | ▼ 24.5% |
| Remuneration and social security454/9 | - | - | €1,641 | €2,803 | - | - |
| Other amounts payable47/48 | - | €113 | €754 | €5,585 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €850 | €23,790 | €4,234 | €5,183 | -€9,090 | ▼ 275% |
| Operating cash flow (approximation) | €850 | €23,790 | €4,234 | €5,183 | -€9,090 | ▼ 275% |
| Change in cash | - | €4,993 | €6,458 | €613 | -€9,958 | ▼ 1,724% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€9,090
Net result drops to -€9,090, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 6.74
Current ratio from 2.52 to 6.74; short-term debt falls from €23,130 to €4,557.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €23,790 ▲2,698%
Operating result €31,284, net result €23,790, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.38
Current ratio from 1.21 to 3.38.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Beringen · 1 establishment unit since 2020
Ground area
1,004 m²
Building footprint
303 m²
Volume, LiDAR
1,663 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARS
since 20202.302.268.670
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71005C0698/00S000 | Flanders | 560 m² | 1 · 112 m² | 10.1 m · 2 fl. |
| 71005C0939/00T000 | Flanders | 443 m² | 1 · 191 m² | 10.1 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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Of 3,959 companies in sector 43331 we hold annual accounts for 1,788. 1,441 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
Scores and ratios are computed by Checked and are not a credit decision.