ARUBIS
ActiveSummary
ARUBIS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €962,273 and a net result of €432,871. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 9636 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-14
Solvency49▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 0.9 in 2023; short-term debt: 28% and cash: 8.9% of total assets), and 76.4% of the assets are financed with debt.
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Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2024Solvency, return and age of the figures
Solvency
23.6%
Return on assets
10.6%
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 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
1 d early
2022
5 d early
2021
30 d late
2020
43 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#4 company by total assets in Steenokkerzeel, Wholesale and retail trade sector#6 company by equity in Steenokkerzeel, Wholesale and retail trade sector
Equity
€962,273▲ 81.8%
2023 · €529,401
Total assets
€4.1m▲ 4.7%
2023 · €3.9m
Net result
€432,871▼ 48.4%
2023 · €839,459
Working capital
€154,717
2023 · -€117,830
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€300,018▼ 6.6%€401,226▲ 33.7%€456,925▲ 13.9%€431,250▼ 5.6%€456,682▲ 5.9%
Net result€211,209above the sector's middle half▲ 3.6%€413,130above the sector's middle half▲ 95.6%€587,801above the sector's middle half▲ 42.3%€839,459above the sector's middle half▲ 42.8%€432,871above the sector's middle half▼ 48.4%
Equity€832,797above the sector's middle half▲ 31.9%€1.2mabove the sector's middle half▲ 49.6%€1.4mabove the sector's middle half▲ 15.3%€529,401within the sector's middle half▼ 63.2%€962,273above the sector's middle half▲ 81.8%
Total assets€1.1mwithin the sector's middle half▼ 1.0%€1.5mwithin the sector's middle half▲ 41.1%€3.7mabove the sector's middle half▲ 146%€3.9mabove the sector's middle half▲ 4.5%€4.1mabove the sector's middle half▲ 4.7%
Debt€240,835▼ 46.9%€268,872▲ 11.6%€2.3m▲ 750%€3.4m▲ 47.1%€3.1m▼ 7.5%
Working capital€538,237above the sector's middle half▲ 39.3%€900,259above the sector's middle half▲ 67.3%€721,107above the sector's middle half▼ 19.9%-€117,830below the sector's middle half€154,717within the sector's middle half
Solvency77.6%above the sector's middle half▲ 19.4pp82.3%above the sector's middle half▲ 4.7pp38.6%within the sector's middle half▼ 43.6pp13.6%below the sector's middle half▼ 25.0pp23.6%within the sector's middle half▲ 10.0pp
Current ratio3.91above the sector's middle half▲ 1.804.40above the sector's middle half▲ 0.493.13above the sector's middle half▼ 1.280.90below the sector's middle half▼ 2.231.14within the sector's middle half▲ 0.24
Return on assets (ROA)19.7%above the sector's middle half▲ 0.9pp27.3%above the sector's middle half▲ 7.6pp15.8%above the sector's middle half▼ 11.5pp21.6%above the sector's middle half▲ 5.8pp10.6%within the sector's middle half▼ 10.9pp
Staff (FTE)0.5below the sector's middle half=0.8below the sector's middle half▲ 60.0%1.3below the sector's middle half▲ 62.5%2within the sector's middle half▲ 53.8%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 6% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.1m
Fixed assets
€2.8m ▼ 3.0%
Current assets
€1.3m ▲ 26.0%
Equity and liabilities €4.1m
Equity
€962,273 ▲ 81.8%
Debt
€3.1m ▼ 7.5%
Debt's share of the balance-sheet total falls from 86.4% to 76.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€545,739▲
2023 · €502,862
Cash flow
€521,928▼
2023 · €911,071
Quick ratio
0.53▲
2023 · 0.37
Debt to equity
3.23▼
2023 · 6.35
ROE
45.0%▼
2023 · 158.6%
Interest coverage
11.37▼
2023 · 15.47
Debt ≤ 1 year
€1.1m▼
2023 · €1.1m
Debt > 1 year
€2.0m▼
2023 · €2.2m
Income taxes
€106,995▼
2023 · €122,924
Staff costs
€123,725▲
2023 · €99,381
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,605 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,605 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €41,934 | €83,852 | €99,381 | €123,725 | ▲ 24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,485 | €427 | €52,695 | €71,612 | €89,057 | ▲ 24.4% |
| Other operating charges640/8 | - | €10,212 | €14,045 | €23,628 | €28,576 | ▲ 20.9% |
| Gross operating margin9900 | €329,422 | €453,799 | €607,517 | €625,871 | €698,041 | ▲ 11.5% |
| Operating profit (loss)9901 | €300,018 | €401,226 | €456,925 | €431,250 | €456,682 | ▲ 5.9% |
| Financial income75/76B | - | €122,381 | €271,589 | €563,633 | €131,188 | ▼ 76.7% |
| Recurring financial income75 | €16,219 | €122,381 | €271,589 | €563,633 | €131,188 | ▼ 76.7% |
| Financial charges65/66B | - | €4,673 | €28,409 | €32,501 | €48,004 | ▲ 47.7% |
| Recurring financial charges65 | €4,268 | €4,673 | €28,409 | €32,501 | €48,004 | ▲ 47.7% |
| Profit (loss) for the period before taxes9903 | €311,970 | €518,935 | €700,105 | €962,382 | €539,867 | ▼ 43.9% |
| Income taxes67/77 | €100,761 | €105,804 | €112,305 | €122,924 | €106,995 | ▼ 13.0% |
| Profit (loss) for the period9904 | €211,209 | €413,130 | €587,801 | €839,459 | €432,871 | ▼ 48.4% |
| Profit (loss) for the period to be appropriated9905 | €211,209 | €413,130 | €587,801 | €839,459 | €432,871 | ▼ 48.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.5m | €3.7m | €3.9m | €4.1m | ▲ 4.7% |
| Fixed assets21/28 | €350,427 | €350,000 | €2.7m | €2.9m | €2.8m | ▼ 3.0% |
| Tangible fixed assets22/27 | €427 | €0 | €2.3m | €2.5m | €2.4m | ▼ 3.4% |
| Land and buildings22 | - | - | €2.3m | €2.5m | €2.4m | ▼ 3.4% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Current assets29/58 | €723,205 | €1.2m | €1.1m | €1.0m | €1.3m | ▲ 26.0% |
| Stocks and contracts in progress3 | €318,651 | €497,598 | €476,373 | €599,496 | €693,267 | ▲ 15.6% |
| Stocks30/36 | - | €497,598 | €476,373 | €599,496 | €693,267 | ▲ 15.6% |
| Amounts receivable within one year40/41 | €282,146 | €588,164 | €284,459 | €207,204 | €233,009 | ▲ 12.5% |
| Trade receivables40 | - | €328,487 | €284,459 | €202,019 | €224,561 | ▲ 11.2% |
| Other amounts receivable41 | - | €259,677 | €0 | €5,185 | €8,448 | ▲ 62.9% |
| Cash at bank and in hand54/58 | €122,408 | €79,037 | €297,352 | €213,016 | €361,559 | ▲ 69.7% |
| Deferred charges and accrued income490/1 | - | - | €1,985 | €8,221 | €6,902 | ▼ 16.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.5m | €3.7m | €3.9m | €4.1m | ▲ 4.7% |
| Equity10/15 | €832,797 | €1.2m | €1.4m | €529,401 | €962,273 | ▲ 81.8% |
| Contributions10/11 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €684,708 | €1.2m | €1.4m | €454,401 | €887,273 | ▲ 95.3% |
| Non-distributable reserves130/1 | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Reserves not available under the articles1311 | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Distributable reserves133 | - | €1.2m | €1.4m | €446,901 | €879,773 | ▲ 96.9% |
| Profit (loss) carried forward14 | €73,089 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €240,835 | €268,872 | €2.3m | €3.4m | €3.1m | ▼ 7.5% |
| Amounts payable after more than one year17 | €55,866 | €4,332 | €1.9m | €2.2m | €2.0m | ▼ 11.1% |
| Financial debts170/4 | - | €4,332 | €1.9m | €2.2m | €1.9m | ▼ 11.3% |
| Other amounts payable178/9 | - | - | €36,405 | €36,405 | €36,405 | = |
| Amounts payable within one year42/48 | €184,969 | €264,540 | €339,060 | €1.1m | €1.1m | ▼ 0.5% |
| Current portion of amounts payable after more than one year42 | - | €96,535 | €202,027 | €206,356 | €215,950 | ▲ 4.6% |
| Trade debts44 | €24,684 | €100,480 | €66,290 | €35,887 | €35,600 | ▼ 0.8% |
| Suppliers440/4 | - | €100,480 | €66,290 | €35,887 | €35,600 | ▼ 0.8% |
| Taxes, remuneration and social security45 | - | €67,526 | €29,415 | €27,597 | €14,641 | ▼ 46.9% |
| Taxes450/3 | - | €64,064 | €19,284 | €15,481 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €3,462 | €10,131 | €12,116 | €14,641 | ▲ 20.8% |
| Other amounts payable47/48 | - | €0 | €41,328 | €875,927 | €873,829 | ▼ 0.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €211,209 | €413,130 | €587,801 | €839,459 | €432,871 | ▼ 48.4% |
| + Depreciation and write-downs630 | €1,485 | €427 | €52,695 | €71,612 | €89,057 | ▲ 24.4% |
| Operating cash flow (approximation) | €212,694 | €413,557 | €640,496 | €911,071 | €521,928 | ▼ 42.7% |
| Investment in fixed assets (approximation) | - | €0 | -€2.4m | -€272,734 | -€3,890 | ▲ 98.6% |
| Change in cash | - | -€43,371 | €218,314 | -€84,336 | €148,544 | ▲ 276% |
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
2026
17-02
State Gazette act
RestructuringMerger · Accounting effect · Shareholding7 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Shareholding7 facts ▸
- Board meeting, 14-01-2026
- Merger, 14-01-2026
- Accounting effect, 01-01-2026
- Shareholding, 100% (al de aandelen en andere effecten met stemrecht)
- Merger condition, zonder uitgifte van nieuwe aandelen
- Capital structure, 100 aandelen zonder aanduiding van nominale waarde, elk vertegenwoordigend 1/100ste van het vermogen
- Cost allocation, alle kosten verband houdende met de verrichtingen worden gedragen door de overnemende vennootschap (BV ARUBIS), zowel in geval van goedkeuring als indien de fus…
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €839,459 ▲42.8%
Net result €839,459, the highest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Equity above €1mEq €1.2m ▲49.6%
4 profitable years in a row build equity to €1.2m.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500,000Eq €631,588 ▲42.7%
2 profitable years in a row build equity to €631,588.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Steenokkerzeel · 2 establishment units since 2010
Ground area
2.5 ha
Building footprint
4,139 m²
Volume, LiDAR
28,202 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
ARUBIS
since 20102.192.959.766
ARUBIS
since 20142.232.398.877
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0081/00E000 | Flanders | 2.0 ha | 1 · 767 m² | 9.8 m · 2 fl. |
| 23051B0367/00M000 | Flanders | 5,244 m² | 1 · 3,371 m² | 7.9 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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- Larubber
- ARUBIS
Highest known parent: Larubber. The sources do not say who stands above it.
Owners 1
- LarubberparentSourceaccounts Larubber 202470%
Holdings 1
-
100%
According to the 2021 annual accounts of ARUBIS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:THILY INVEST
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Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. 889 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
Founded14-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46869Wholesale trade
47120Other non-specialised retail sale
46649Wholesale of other machinery and equipment
47529Retail trade
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830251704
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.