ARYO
ActiveSummary
The computed 12-month bankruptcy probability of ARYO is 1.5% (moderate). The 2025 annual accounts show negative equity (-€10,132) and a net result of €546. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 10429 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-51
Solvency2▼-6
Growth58=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.81 against 0.85 in 2024; short-term debt: 122.8% and cash: 8.7% of total assets), and equity is negative.
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Signals
Six 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-22.8%
Return on assets
1.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 10429 sector peers (2025).
NBB · sector comparisonPosition among 10429 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
57 d late
2023
56 d late
2022
60 d late
2021
116 d late
2020
90 d late
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 76 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€546▼ 59.5%
2024 · €1,347
Working capital
-€10,160▲ 8.0%
2024 · -€11,043
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
Line20212022202320242025
Operating result-€6,868▲ 76.5%-€4,855▲ 29.3%-€684▲ 85.9%€1,498-€478
Net result-€7,378▲ 75.1%-€5,398▲ 26.8%-€1,054▲ 80.5%€1,347€546▼ 59.5%
Equity-€5,572▲ 36.6%-€10,971▼ 96.9%-€12,025▼ 9.6%-€10,678▲ 11.2%-€10,132▲ 5.1%
Total assets€95,926▼ 6.1%€92,260▼ 3.8%€76,962▼ 16.6%€63,187▼ 17.9%€44,370▼ 29.8%
Debt€101,498▼ 8.5%€103,231▲ 1.7%€88,988▼ 13.8%€73,864▼ 17.0%€54,503▼ 26.2%
Working capital-€5,572▲ 30.7%-€10,971▼ 96.9%-€12,727▼ 16.0%-€11,043▲ 13.2%-€10,160▲ 8.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €478 after €1,498 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44,370
Fixed assets
€28 ▼ 92.3%
Current assets
€44,342 ▼ 29.4%
Key figures and ratios
EBITDA
-€142▼
2024 · €1,835
Cash flow
€882▼
2024 · €1,684
Solvency
-22.8%▼
2024 · -16.9%
Current ratio
0.81▼
2024 · 0.85
Quick ratio
0.08▼
2024 · 0.11
Debt to equity
-5.38▲
2024 · -6.92
ROA
1.2%▼
2024 · 2.1%
Interest coverage
-0.66▼
2024 · 7.79
Debt ≤ 1 year
€54,503▼
2024 · €73,864
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,381 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,058 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% | 1.6% |
| 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 74% 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 1,381 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6,053 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €309 | €337 | €337 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €5,830 | - |
| Other operating charges640/8 | €202 | - | €760 | - | - | - |
| Gross operating margin9900 | -€6,666 | -€4,855 | €385 | €1,835 | €5,688 | ▲ 210% |
| Operating profit (loss)9901 | -€6,868 | -€4,855 | -€684 | €1,498 | -€478 | ▼ 132% |
| Financial income75/76B | €1 | €6 | - | €85 | €1,240 | ▲ 1,359% |
| Recurring financial income75 | €1 | €6 | - | €85 | €1,240 | ▲ 1,359% |
| Financial charges65/66B | €266 | €310 | €330 | €236 | €216 | ▼ 8.4% |
| Recurring financial charges65 | €266 | €310 | €330 | €236 | €216 | ▼ 8.4% |
| Profit (loss) for the period before taxes9903 | -€7,133 | -€5,158 | -€1,014 | €1,347 | €546 | ▼ 59.5% |
| Income taxes67/77 | €245 | €240 | €41 | - | - | - |
| Profit (loss) for the period9904 | -€7,378 | -€5,398 | -€1,054 | €1,347 | €546 | ▼ 59.5% |
| Profit (loss) for the period to be appropriated9905 | -€7,378 | -€5,398 | -€1,054 | €1,347 | €546 | ▼ 59.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,926 | €92,260 | €76,962 | €63,187 | €44,370 | ▼ 29.8% |
| Fixed assets21/28 | - | - | €701 | €365 | €28 | ▼ 92.3% |
| Tangible fixed assets22/27 | - | - | €701 | €365 | €28 | ▼ 92.3% |
| Furniture and vehicles24 | - | - | €701 | €365 | €28 | ▼ 92.3% |
| Current assets29/58 | €95,926 | €92,260 | €76,261 | €62,822 | €44,342 | ▼ 29.4% |
| Stocks and contracts in progress3 | €90,360 | €76,092 | €64,267 | €54,817 | €40,252 | ▼ 26.6% |
| Stocks30/36 | €90,360 | €76,092 | €64,267 | €54,817 | €40,252 | ▼ 26.6% |
| Amounts receivable within one year40/41 | €432 | - | €2,950 | - | €250 | - |
| Trade receivables40 | €432 | - | €2,950 | - | €250 | - |
| Cash at bank and in hand54/58 | €5,134 | €16,168 | €6,244 | €8,005 | €3,840 | ▼ 52.0% |
| Deferred charges and accrued income490/1 | - | - | €2,800 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,926 | €92,260 | €76,962 | €63,187 | €44,370 | ▼ 29.8% |
| Equity10/15 | -€5,572 | -€10,971 | -€12,025 | -€10,678 | -€10,132 | ▲ 5.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€26,032 | -€31,431 | -€32,485 | -€31,138 | -€30,592 | ▲ 1.8% |
| Amounts payable17/49 | €101,498 | €103,231 | €88,988 | €73,864 | €54,503 | ▼ 26.2% |
| Amounts payable within one year42/48 | €101,498 | €103,231 | €88,988 | €73,864 | €54,503 | ▼ 26.2% |
| Trade debts44 | €100,105 | €85,105 | €74,873 | €50,849 | €35,344 | ▼ 30.5% |
| Suppliers440/4 | €100,105 | €85,105 | €74,873 | €50,849 | €35,344 | ▼ 30.5% |
| Taxes, remuneration and social security45 | €368 | €2,149 | €2,246 | €2,238 | €2,115 | ▼ 5.5% |
| Taxes450/3 | €368 | €2,149 | €2,246 | €2,238 | €2,115 | ▼ 5.5% |
| Other amounts payable47/48 | €1,025 | €15,976 | €11,868 | €20,778 | €17,044 | ▼ 18.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,378 | -€5,398 | -€1,054 | €1,347 | €546 | ▼ 59.5% |
| + Depreciation and write-downs630 | - | - | €309 | €337 | €337 | = |
| Operating cash flow (approximation) | -€7,378 | -€5,398 | -€746 | €1,684 | €882 | ▼ 47.6% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €11,034 | -€9,924 | €1,761 | -€4,165 | ▼ 337% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
31-12
Financial
Back to profitnet €1,347
Net result €1,347 after 6 loss-making years.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 56 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 116 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet -€29,645
Net result drops to -€29,645, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 119 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Sint-Joost-ten-Node · 1 establishment unit since 2009
Ground area
76 m²
Building footprint
76 m²
Volume, LiDAR
898 m³
Parcel 21572B0347/00K000, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Leuvensesteenweg 4, 1210 Sint-Joost-ten-Node
since 20092.173.883.826
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572B0347/00K000 | Brussels | 76 m² | 1 · 76 m² | 14.7 m · 4 fl. |
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.
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,439. 1,589 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
Founded02-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806781761
Also
9925:BE0806781761
Registered
23-07-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.