The computed 12-month bankruptcy probability of Ars Belga is 10.7% (high). For Ars Belga, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €43,527 and a net result of €8,788. Equity is shrinking by about 21% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 31% of 25,588 sector peers (NACE 47, financial year 2024). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Signalsraises riskFigures for financial year 2024 (filed 26-03-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; latest accounts 55 days late; 1 of the last 3 lateLiquidity: current ratio 0.95, cash €8,192Annual accounts not filedneutralFiled after the deadlineShow the evidence
Bankruptcy probability
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Bankruptcy probability: High
Filing: One filing cycle is missing
Financial strength, FY 2024 · tick = 2023
Financial strength
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Weak
Solvency36+8
equity 11.4% of total assets
Liquidity4+3
short-term debt 88.4% · cash 2.1%
Profitability64+45
return on assets 2.3%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
10.7%High
0%0.5%1.5%4%10%≥ 25%
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.6% (40,225 companies, NACE 47, micro)
Last 24 months11-2024: 0.8%lowest value12-2024: 0.8%● unchanged vs 11-202401-2025: 1.0%▲ +0.2 percentage points vs 12-202402-2025: 1.4%▲ +0.4 percentage points vs 01-202503-2025: 1.7%▲ +0.3 percentage points vs 02-202504-2025: 1.8%▲ +0.1 percentage points vs 03-202505-2025: 1.8%● unchanged vs 04-202506-2025: 2.8%▲ +1.0 percentage point vs 05-202507-2025: 2.7%▼ -0.1 percentage points vs 06-202508-2025: 2.7%● unchanged vs 07-202509-2025: 2.6%▼ -0.1 percentage points vs 08-202510-2025: 2.8%▲ +0.2 percentage points vs 09-202511-2025: 3.2%▲ +0.4 percentage points vs 10-202512-2025: 3.1%▼ -0.1 percentage points vs 11-202501-2026: 3.2%▲ +0.1 percentage points vs 12-202502-2026: 3.8%▲ +0.6 percentage points vs 01-202603-2026: 4.8%▲ +1.0 percentage point vs 02-202604-2026: 7.9%▲ +3.1 percentage points vs 03-202605-2026: 8.3%▲ +0.4 percentage points vs 04-202606-2026: 9.4%▲ +1.1 percentage points vs 05-202607-2026: 11.9%▲ +2.5 percentage points vs 06-202608-2026: 11.9%● unchanged vs 07-202609-2026: 11.9%● unchanged vs 08-2026highest value10-2026: 10.7%▼ -1.2 percentage points vs 09-2026
30-06-2025 year end31-01-2026 deadline20-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 26-03-2025, 54 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 14 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
Registered officeRegistered-office move
Annual accounts filedfinancial year 2024 · micro…
Resignation: MATTHU Vincent (manager)Appointment: MATTHU Vincent (director) ·…
Key points
Risk: Accounts not fileddeadline was 31-01-2026262 days lateView
Positive: 6 profitable years in a rowprofit 2024: €8,7886 yearsView
Total assets 20246 financial years filed€383,133View