Equity
ARUKE paid out €300,000 in dividends. That is 344% of the 2026 profit.
ARUKE paid out €300,000 in dividends. That is 344% of the 2026 profit.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts rose from €57,767 to €236,597.
The last four annual accounts were filed 1 to 11 days before the end of the period.
Higher net result than 85% of companies in office administrative support. Sector median €19,788 · 347 companies.
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 45% of them on solvency, 33% on liquidity, 41% on profitability and 12% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as ARUKE has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ARUKE itself is lower: 0.1% within 12 months. It rests on far more data about ARUKE than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for ARUKE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.45 (7.59 in 2025), below the usual 1.5. Short-term debt is 57.3% and cash 21.9% of total assets. 57.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 6 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Shares in 2 companies, ENEFCAP and RaYSun Invest
Board & ownership| Company | ||||
|---|---|---|---|---|
| ARUKE Uccle | €412,956 | €156,284 | 42.7% | - |
| Van der Made Consulting Ixelles | €429,110 | €152,630 | 85.5% | - |
| TYNK Antwerp | €391,964 | €153,613 | 0.6% | - |
| ATX Dendermonde | €398,688 | €142,323 | 85.1% | - |
| Cocon17 Oostkamp | €456,880 | €168,980 | 79.6% | - |
| Smatbo Kuurne | €357,158 | €155,064 | 80.7% | - |
| VdVdG CONSULT Huy | €403,073 | €142,678 | 87.8% | - |
These companies have the same main activity as ARUKE: other business support services (NACE 82990). They are comparable in size and age: total assets between €357,000 and €457,000, founded between 2022 and 2023.
ARUKE files the micro format. That format states no turnover. The gross margin rose from €104,690 in 2023 to €156,284 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €190,000 and €330,000.
Higher than 87% of 9,696 companies in 2025.
Higher than 87% of 9,314 companies in 2025.
Higher than 76% of 9,438 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
412,956 | 447,002 | 315,173 | 121,409 | |
21/28 |
69,185 | 8,292 | 1,857 | 2,378 | |
22/27 |
4,185 | 3,292 | 1,857 | 2,378 | |
24 |
818 | 1,337 | 1,857 | 2,378 | |
26 |
3,368 | 1,955 | - | - | |
28 |
65,000 | 5,000 | - | - | |
29/58 |
343,771 | 438,710 | 313,316 | 119,031 | |
40/41 |
242,358 | 110,621 | 100,897 | - | |
40 |
101,395 | 100,000 | 100,854 | - | |
41 |
140,962 | 10,621 | 43 | - | |
54/58 |
90,373 | 327,474 | 211,720 | 119,031 | |
490/1 |
11,040 | 616 | 699 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
412,956 | 447,002 | 315,173 | 121,409 | |
10/15 |
176,359 | 389,236 | 250,931 | 81,326 | |
10/11 |
100 | 100 | 100 | 100 | |
14 |
176,259 | 389,136 | 250,831 | 81,226 | |
17/49 |
236,597 | 57,767 | 64,242 | 40,083 | |
42/48 |
236,597 | 57,767 | 64,242 | 39,445 | |
44 |
2,981 | 3,092 | 2,004 | 1,932 | |
440/4 |
2,981 | 3,092 | 2,004 | 1,932 | |
45 |
48,241 | 54,674 | 62,238 | 27,548 | |
450/3 |
48,241 | 54,674 | 60,122 | 27,548 | |
454/9 |
- | - | 2,116 | - | |
47/48 |
185,375 | - | - | 9,964 | |
492/3 |
- | - | - | 638 | |
| Income statement | |||||
9900 |
156,284 | 182,325 | 226,777 | 104,690 | |
630 |
793 | 553 | 521 | 1,337 | |
640/8 |
1,250 | 845 | 1,418 | - | |
9901 |
154,241 | 180,928 | 224,837 | 103,353 | |
75/76B |
6,398 | - | - | - | |
75 |
6,398 | - | - | - | |
65/66B |
48,835 | 1,465 | 1,499 | 119 | |
65 |
48,835 | 1,465 | 1,499 | 119 | |
9903 |
111,804 | 179,462 | 223,339 | 103,234 | |
67/77 |
24,681 | 41,158 | 53,733 | 22,009 | |
9904 |
87,124 | 138,304 | 169,605 | 81,226 | |
9905 |
87,124 | 138,304 | 169,605 | 81,226 | |
| Appropriation of the result | |||||
9906 |
476,259 | 389,136 | 250,831 | 81,226 | |
14P |
389,136 | 250,831 | 81,226 | - | |
694/7 |
300,000 | - | - | - | |
694 |
300,000 | - | - | - | |
| Document | |||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 28-10-2026.
| Line | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| 155,034 | 181,480 | 225,359 | 104,690 | ||
| 87,917 | 138,857 | 170,127 | 82,562 | ||
| 61,686 | 6,988 | 0 | 2,598 | ||
| -237,100 | 115,754 | 92,689 | - | ||
| 107,174 | 380,944 | 249,074 | 79,586 | ||
| 42.7% | 87.1% | 79.6% | 67.0% | ||
| 1.45 | 7.59 | 4.88 | 3.02 | ||
| 1.34 | 0.15 | 0.26 | 0.49 | ||
| 49.4% | 35.5% | 67.6% | 99.9% | ||
| 21.1% | 30.9% | 53.8% | 66.9% | ||
| 3.17 | over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 |
|---|---|---|---|---|
| Tangible fixed assets | €1,686 | €1,988 | - | €2,598 |
| Financial fixed assets | €60,000 | €5,000 | - | - |
| €793 | €553 | €521 | €1,337 |
Source: notes to the 2023 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 15% lower than in 2025 and the lowest since 2023. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 12.9% to 57.3%. Equity is lower and debt is higher.
Source: list of holdings in its own 31-03-2026 accounts. Every holding stands with its own latest accounts.
Source for every holding own accounts 31-03-2026
The network starts from the directors of ARUKE. Every other company they run is a node.
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 3 May 2022, ARUKE was incorporated as a private limited company by one natural person, with a starting capital of €100.12 FRANCO John has served as statutory director since 2022.3 Total assets went from €121,409 in 2023 to €412,956 in 2026.4
| Establishment | Since | Unit number |
|---|---|---|
| De Frélaan 4 registered office 1180 Uccle | 03-05-2022 | 2.332.285.024 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21618B0389/00N000 | 1,416 m² | 1 · 206 m² | 17.6 m · 5 |
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