ARS CONCEPT
ActiveARS CONCEPT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176k and a net result of €50k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +67 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency74▲+34
Growth52=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.21 in 2024), but 62.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
37.6%
Return on assets
10.6%
Age of the figures
8 mo
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
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 29-07-2026, 2 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
2 d early
2024
61 d late
2023
36 d late
2022
31 d late
2021
2 d early
2020
31 d late
2019
55 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€176k▲ 39.2%
2024 · €126k
2019: €79k
2020: €123k
2021: €145k
2022: €148k
2023: €152k
2024: €126k
2019 → 2025
Total assets
€467k▼ 10.0%
2024 · €519k
2019: €184k
2020: €290k
2021: €555k
2022: €486k
2023: €470k
2024: €519k
2019 → 2025
Net result
€50k
2024 · €-26k
2019: €60k
2020: €44k
2021: €22k
2022: €3k
2023: €4k
2024: €-26k
2019 → 2025
Working capital
€82k▲ 124%
2024 · €36k
2019: €30k
2020: €58k
2021: €57k
2022: €56k
2023: €57k
2024: €36k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€145k-€148k▲ 1.8%€152k▲ 2.9%€126k▼ 17.0%€176k▲ 39.2%
Operating result€9k-€8k▼ 10.4%€11k▲ 33.7%€-69k€63k
Net result€22k-€3k▼ 88.3%€4k▲ 64.2%€-26k€50k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €63k after a loss of €69k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €467k
Fixed assets
€271k▼ 11.4%
Current assets
€196k▼ 8.1%
Equity and liabilities €467k
Equity
€176k▲ 39.2%
Debt
€292k▼ 25.9%
The debt ratio falls from 75.7% to 62.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€103k▲
2024 · €-33k
Cash flow
€90k▲
2024 · €10k
Solvency
37.6%▲
2024 · 24.3%
Current ratio
1.72▲
2024 · 1.21
Quick ratio
1.63▲
2024 · 1.06
Debt / equity
1.66▼
2024 · 3.12
ROE
28.2%▲
2024 · -20.4%
ROA
10.6%▲
2024 · -5.0%
Interest coverage
18.94▲
2024 · -4.44
Debt
€292k▼
2024 · €393k
Debt ≤ 1 year
€114k▼
2024 · €177k
Debt > 1 year
€178k▼
2024 · €217k
Income taxes
€8k▲
2024 · €3
Staff costs
€18k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€519k€467k▼
Fixed assets21/28€306k€271k▼
Intangible fixed assets21€3k-
Tangible fixed assets22/27€303k€271k▼
Land and buildings22€217k€207k▼
Plant, machinery and equipment23€17k€11k▼
Furniture and vehicles24€69k€53k▼
Financial fixed assets28€500€500=
Current assets29/58€213k€196k▼
Stocks and contracts in progress3€26k€10k▼
Stocks30/36€26k€10k▼
Amounts receivable within one year40/41€128k€97k▼
Trade receivables40€108k€97k▼
Other amounts receivable41€20k€98▼
Cash at bank and in hand54/58€34k€70k▲
Deferred charges and accrued income490/1€26k€19k▼
Equity and liabilities
Total equity and liabilities10/49€519k€467k▼
Equity10/15€126k€176k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€108k€157k▲
Amounts payable17/49€393k€292k▼
Amounts payable after more than one year17€217k€178k▼
Financial debts170/4€217k€178k▼
Amounts payable within one year42/48€177k€114k▼
Current portion of amounts payable after more than one year42€24k€31k▲
Trade debts44€113k€24k▼
Suppliers440/4€113k€24k▼
Advances received on contracts in progress46€3k-
Taxes, remuneration and social security45-€7k
Taxes450/3-€7k
Other amounts payable47/48€37k€51k▲
Income statement
Code20242025
Remuneration, social security and pensions62€3k€18k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€41k▲
Other operating charges640/8€6k€2k▼
Non-recurring operating charges66A-€836
Gross operating margin9900€-24k€125k▲
Operating profit (loss)9901€-69k€63k▲
Financial income75/76B€51k€430▼
Recurring financial income75€865€430▼
Non-recurring financial income76B€50k-
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€5k▼
Non-recurring financial charges66B-€98
Profit (loss) for the period before taxes9903€-26k€57k▲
Income taxes67/77€3€8k▲
Profit (loss) for the period9904€-26k€50k▲
Profit (loss) for the period to be appropriated9905€-26k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€108k€157k▲
Profit (loss) brought forward from the previous period14P€133k€108k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
31-12
Financial
Equity above €150kEq €176k ▲39.2%
Equity rises from €126k to €176k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-26k ▼702%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
31-12
Financial
Equity above €150kEq €152k ▲2.9%
5 profitable years in a row build equity to €152k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €100kEq €123k ▲56.2%
2 profitable years in a row build equity to €123k.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Chaudfontaine · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chemin du Panorama 54051 ChaudfontaineGround area
311 m²
Building footprint
76 m²
Parcel 62104C0236/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ARS Concept
since 20182.279.436.157
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62104C0236/00L000 | Wallonia | 311 m² | 1 · 76 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
STONEROOF
BE 0772.902.334
Lendelede · Eq €175k
TOA TECHNICS
BE 0753.977.634
Le Roeulx · Eq €176k
TOITURES WILPUTTE CLAUDE
BE 0672.867.422
Chapelle-lez-Herlaimont · Eq €175k
HARDY ET FILS
BE 0724.867.043
Verviers · Eq €176k
RVD dakwerken
BE 0800.341.654
Stekene · Eq €175k
Of 8,479 companies in sector 43410 we hold annual accounts for 4,308. 3,638 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-08-2018
Fiscal year end31-12
Activities, NACEBEL
43410Roofing work
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.