ARS ENGINEERING
ActiveSummary
The computed 12-month bankruptcy probability of ARS ENGINEERING is 2.2% (moderate). The 2025 annual accounts show equity of €126,954 and a net result of -€12,971. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 1319 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-94
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 36.98 against 6.29 in 2024; short-term debt: 2.4% and cash: 13.1% of total assets), and 2.4% of the assets are financed with debt.
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Signals
Three 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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
22 d early
2024
25 d late
2023
2 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€126,954▼ 9.3%
2024 · €139,925
Total assets
€130,091▼ 19.9%
2024 · €162,373
Net result
-€12,971
2024 · €55,041
Working capital
€112,872▼ 4.9%
2024 · €118,740
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
Line202320242025
Operating result€104,130-€69,394▼ 33.4%-€13,576
Net result€82,884-€55,041▼ 33.6%-€12,971
Equity€84,884-€139,925▲ 64.8%€126,954▼ 9.3%
Total assets€121,967-€162,373▲ 33.1%€130,091▼ 19.9%
Debt€37,083-€22,447▼ 39.5%€3,137▼ 86.0%
Working capital€72,092-€118,740▲ 64.7%€112,872▼ 4.9%
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 2025: a loss of €13,576 after €69,394 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130,091
Fixed assets
€14,081 ▼ 33.5%
Current assets
€116,009 ▼ 17.8%
Equity and liabilities €130,091
Equity
€126,954 ▼ 9.3%
Debt
€3,137 ▼ 86.0%
Debt's share of the balance-sheet total falls from 13.8% to 2.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,372▼
2024 · €82,543
Cash flow
-€5,767▼
2024 · €68,190
Current ratio
36.98▲
2024 · 6.29
Debt to equity
0.02▼
2024 · 0.16
ROE
-10.2%▼
2024 · 39.3%
ROA
-10.0%▼
2024 · 33.9%
Interest coverage
-37.43▼
2024 · 563.09
Debt ≤ 1 year
€3,137▼
2024 · €22,447
Income taxes
€44▼
2024 · €14,216
Staff costs
€340▼
2024 · €935
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €382 | €935 | €340 | ▼ 63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,754 | €13,149 | €7,204 | ▼ 45.2% |
| Other operating charges640/8 | €602 | €318 | €1,023 | ▲ 222% |
| Non-recurring operating charges66A | - | - | €18,900 | - |
| Gross operating margin9900 | €118,868 | €83,796 | €13,892 | ▼ 83.4% |
| Operating profit (loss)9901 | €104,130 | €69,394 | -€13,576 | ▼ 120% |
| Financial income75/76B | €0 | €9 | €819 | ▲ 8,811% |
| Recurring financial income75 | €0 | €9 | €819 | ▲ 8,811% |
| Financial charges65/66B | €9 | €147 | €170 | ▲ 16.1% |
| Recurring financial charges65 | €9 | €147 | €170 | ▲ 16.1% |
| Profit (loss) for the period before taxes9903 | €104,121 | €69,257 | -€12,927 | ▼ 119% |
| Income taxes67/77 | €21,237 | €14,216 | €44 | ▼ 99.7% |
| Profit (loss) for the period9904 | €82,884 | €55,041 | -€12,971 | ▼ 124% |
| Profit (loss) for the period to be appropriated9905 | €82,884 | €55,041 | -€12,971 | ▼ 124% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €121,967 | €162,373 | €130,091 | ▼ 19.9% |
| Fixed assets21/28 | €12,792 | €21,185 | €14,081 | ▼ 33.5% |
| Tangible fixed assets22/27 | €12,792 | €21,185 | €14,081 | ▼ 33.5% |
| Plant, machinery and equipment23 | €9,095 | €10,445 | €4,609 | ▼ 55.9% |
| Furniture and vehicles24 | €3,697 | €10,740 | €9,473 | ▼ 11.8% |
| Current assets29/58 | €109,175 | €141,188 | €116,009 | ▼ 17.8% |
| Amounts receivable after more than one year29 | €83,067 | €81,599 | €81,599 | = |
| Trade receivables290 | €83,067 | - | €81,599 | - |
| Other amounts receivable291 | - | €81,599 | - | - |
| Amounts receivable within one year40/41 | €14,566 | €15,301 | €17,349 | ▲ 13.4% |
| Trade receivables40 | €13,448 | €14,886 | - | - |
| Other amounts receivable41 | €1,118 | €415 | €17,349 | ▲ 4,079% |
| Cash at bank and in hand54/58 | €11,149 | €43,875 | €17,061 | ▼ 61.1% |
| Deferred charges and accrued income490/1 | €393 | €412 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €121,967 | €162,373 | €130,091 | ▼ 19.9% |
| Equity10/15 | €84,884 | €139,925 | €126,954 | ▼ 9.3% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | - | €98,337 | - |
| Distributable reserves133 | - | - | €98,337 | - |
| Profit (loss) carried forward14 | €82,884 | €137,925 | €26,617 | ▼ 80.7% |
| Amounts payable17/49 | €37,083 | €22,447 | €3,137 | ▼ 86.0% |
| Amounts payable within one year42/48 | €37,083 | €22,447 | €3,137 | ▼ 86.0% |
| Trade debts44 | €15,846 | €8,232 | €2,773 | ▼ 66.3% |
| Suppliers440/4 | €15,846 | €8,232 | €2,773 | ▼ 66.3% |
| Taxes, remuneration and social security45 | €21,237 | €14,216 | €364 | ▼ 97.4% |
| Taxes450/3 | €21,237 | €14,216 | €364 | ▼ 97.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,884 | €55,041 | -€12,971 | ▼ 124% |
| + Depreciation and write-downs630 | €13,754 | €13,149 | €7,204 | ▼ 45.2% |
| Operating cash flow (approximation) | €96,638 | €68,190 | -€5,767 | ▼ 108% |
| Investment in fixed assets (approximation) | - | -€21,542 | -€100 | ▲ 99.5% |
| Change in cash | - | €32,725 | -€26,814 | ▼ 182% |
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€12,971
Net result drops to -€12,971, the lowest in the series.
31-12
Financial
Liquidity times 6current ratio 36.98
Current ratio from 6.29 to 36.98; short-term debt falls from €22,447 to €3,137.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 6.29
Current ratio from 2.94 to 6.29; short-term debt falls from €37,083 to €22,447.
31-12
Financial
Equity above €100,000Eq €139,925 ▲64.8%
2 profitable years in a row build equity to €139,925.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Genk · 1 establishment unit since 2022
Ground area
304 m²
Building footprint
144 m²
Volume, LiDAR
35 m³
Parcel 71302A0028/00K010, Flanders · tallest building 9.7 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARS ENGINEERING
since 20222.332.382.915
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0028/00K010 | Flanders | 304 m² | 1 · 144 m² | 9.7 m |
Linked by address, not proof of ownership
Good to know
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
SMEETS JOEL MAINTENANCE INDUSTRIELLE
BE 0690.603.772
Flémalle · Eq €126,910
ECO-TECH
BE 0897.596.230
Herk-de-Stad · Eq €126,710
Fesco
BE 0715.858.614
Oudenburg · Eq €126,657
Verbu
BE 0644.789.286
Sint-Gillis-Waas · Eq €125,307
REUTER INGO
BE 0462.640.609
Bütgenbach · Eq €128,743
Of 3,718 companies in sector 33120 we hold annual accounts for 1,345. 1,146 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
Founded16-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
Scores and ratios are computed by Checked and are not a credit decision.