ARZ
ActiveSummary
The computed 12-month bankruptcy probability of ARZ is 2.9% (moderate). The 2024 annual accounts show equity of €17,763 and a net result of €5,427. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 6719 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+3
Solvency72▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.2 in 2023; short-term debt: 52.7% and cash: 28.5% of total assets), and 52.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
47.3%
Return on assets
14.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
50 d late
2023
27 d late
2022
57 d late
2021
9 d early
2020
13 d early
2019
5 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 18 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
€54,126
EBIT margin
26.5%
Net result
€5,427▲ 33.9%
2023 · €4,054
Working capital
€3,402▼ 13.8%
2023 · €3,944
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Turnover€54,126
Operating result€14,754€14,332▼ 2.9%€472▼ 96.7%€5,402▲ 1,045%€7,376▲ 36.6%
Net result€11,023within the sector's middle half€1,346within the sector's middle half▼ 87.8%€211within the sector's middle half▼ 84.3%€4,054within the sector's middle half▲ 1,821%€5,427within the sector's middle half▲ 33.9%
EBIT margin26.5%
Equity€6,726below the sector's middle half€8,072below the sector's middle half▲ 20.0%€8,283below the sector's middle half▲ 2.6%€12,337within the sector's middle half▲ 48.9%€17,763within the sector's middle half▲ 44.0%
Total assets€8,407below the sector's middle half▲ 1,019%€10,532below the sector's middle half▲ 25.3%€9,154below the sector's middle half▼ 13.1%€32,367below the sector's middle half▲ 254%€37,545below the sector's middle half▲ 16.0%
Debt€1,682▼ 66.7%€2,460▲ 46.3%€871▼ 64.6%€20,030▲ 2,200%€19,782▼ 1.2%
Working capital€6,726€8,072▲ 20.0%€8,283▲ 2.6%€3,944▼ 52.4%€3,402▼ 13.8%
Solvency80.0%above the sector's middle half76.6%above the sector's middle half▼ 3.4pp90.5%above the sector's middle half▲ 13.8pp38.1%within the sector's middle half▼ 52.4pp47.3%within the sector's middle half▲ 9.2pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 37% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37,545
Fixed assets
€14,361 ▲ 71.1%
Current assets
€23,184 ▼ 3.3%
Equity and liabilities €37,545
Equity
€17,763 ▲ 44.0%
Debt
€19,782 ▼ 1.2%
Debt's share of the balance-sheet total falls from 61.9% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,655▲
2023 · €9,598
Cash flow
€14,705▲
2023 · €8,250
Current ratio
1.17▼
2023 · 1.20
Debt to equity
1.11▼
2023 · 1.62
ROE
30.5%▼
2023 · 32.9%
ROA
14.5%▲
2023 · 12.5%
Interest coverage
45.11▲
2023 · 30.21
Debt ≤ 1 year
€19,782▼
2023 · €20,030
Income taxes
€1,580▲
2023 · €1,030
Staff costs
€193
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 34,679 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €54,126 | - | - | - | - |
| Non-recurring operating income76A | - | €3,000 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €42,920 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €193 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €4,196 | €9,279 | ▲ 121% |
| Other operating charges640/8 | - | €217 | €1,383 | €3,519 | €3,757 | ▲ 6.8% |
| Gross operating margin9900 | €16,122 | €14,549 | €1,855 | €13,117 | €20,604 | ▲ 57.1% |
| Operating profit (loss)9901 | €14,754 | €14,332 | €472 | €5,402 | €7,376 | ▲ 36.6% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | - | €12,701 | €261 | €318 | €369 | ▲ 16.2% |
| Recurring financial charges65 | €3,732 | €12,701 | €261 | €318 | €369 | ▲ 16.2% |
| Profit (loss) for the period before taxes9903 | €11,023 | €1,631 | €211 | €5,084 | €7,007 | ▲ 37.8% |
| Income taxes67/77 | - | €285 | - | €1,030 | €1,580 | ▲ 53.4% |
| Profit (loss) for the period9904 | €11,023 | €1,346 | €211 | €4,054 | €5,427 | ▲ 33.9% |
| Profit (loss) for the period to be appropriated9905 | €11,023 | €1,346 | €211 | €4,054 | €5,427 | ▲ 33.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,407 | €10,532 | €9,154 | €32,367 | €37,545 | ▲ 16.0% |
| Fixed assets21/28 | - | - | - | €8,392 | €14,361 | ▲ 71.1% |
| Tangible fixed assets22/27 | - | - | - | €8,392 | €14,361 | ▲ 71.1% |
| Furniture and vehicles24 | - | - | - | €8,392 | €14,361 | ▲ 71.1% |
| Current assets29/58 | €8,407 | €10,532 | €9,154 | €23,974 | €23,184 | ▼ 3.3% |
| Amounts receivable within one year40/41 | €771 | €1,571 | €3,963 | €1,528 | €12,469 | ▲ 716% |
| Other amounts receivable41 | - | €1,571 | €3,963 | €1,528 | €12,469 | ▲ 716% |
| Cash at bank and in hand54/58 | €7,636 | €8,961 | €5,190 | €22,447 | €10,715 | ▼ 52.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,407 | €10,532 | €9,154 | €32,367 | €37,545 | ▲ 16.0% |
| Equity10/15 | €6,726 | €8,072 | €8,283 | €12,337 | €17,763 | ▲ 44.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | - | - | - | - |
| Other1109/19 | - | €18,600 | - | - | - | - |
| Profit (loss) carried forward14 | -€11,874 | -€10,528 | -€10,317 | -€6,263 | -€837 | ▲ 86.6% |
| Amounts payable17/49 | €1,682 | €2,460 | €871 | €20,030 | €19,782 | ▼ 1.2% |
| Amounts payable within one year42/48 | €1,682 | €2,460 | €871 | €20,030 | €19,782 | ▼ 1.2% |
| Financial debts43 | - | - | €871 | - | - | - |
| Credit institutions430/8 | - | - | €871 | - | - | - |
| Trade debts44 | €49 | €1,942 | - | - | €1,822 | - |
| Suppliers440/4 | - | €1,942 | - | - | €1,822 | - |
| Taxes, remuneration and social security45 | - | €519 | - | €1,030 | €5,140 | ▲ 399% |
| Taxes450/3 | - | €519 | - | €1,030 | €3,140 | ▲ 205% |
| Remuneration and social security454/9 | - | - | - | - | €2,000 | - |
| Other amounts payable47/48 | - | - | - | €19,000 | €12,820 | ▼ 32.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,023 | €1,346 | €211 | €4,054 | €5,427 | ▲ 33.9% |
| + Depreciation and write-downs630 | - | - | - | €4,196 | €9,279 | ▲ 121% |
| Operating cash flow (approximation) | €11,023 | €1,346 | €211 | €8,250 | €14,705 | ▲ 78.2% |
| Investment in fixed assets (approximation) | - | - | - | - | -€15,248 | - |
| Change in cash | - | €1,325 | -€3,771 | €17,256 | -€11,731 | ▼ 168% |
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
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 10.51
Current ratio from 4.28 to 10.51; short-term debt falls from €2,460 to €871.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €11,023
Net result €11,023 after one loss-making year.
31-12
Financial
Liquidity times 34current ratio 5.00
Current ratio from 0.15 to 5.00; short-term debt falls from €5,048 to €1,682.
26-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€6,600
Net result drops to -€6,600, the lowest in the series; recovery starts the following year.
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Anderlecht · 1 establishment unit since 2016
Ground area
191 m²
Building footprint
194 m²
Volume, LiDAR
1,536 m³
Parcel 21305C0329/00S007, Brussels · tallest building 18.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ARZ
since 20162.253.669.492
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0329/00S007 | Brussels | 191 m² | 1 · 194 m² | 18.1 m · 2 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 6,684 companies in sector 49330 we hold annual accounts for 2,299. 1,987 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
Founded03-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
43341Painting of buildings
43990Other specialised construction activities
46810Wholesale of solid, liquid and gaseous fuels and related products
47110Non-specialised retail sale with food, beverages or tobacco predominating
Contact
E-mail
seka805@yahoo.frAnderlecht
Phone
0485/40.98.70Anderlecht
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655899449
Also
9925:BE0655899449
Registered
27-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.