Financials
- Fiscal year
- 2025
- Total assets
- €346,321
- Loss
- -€2,257
- Solvency
- -87.1%
Total assets▼ 6.5%
Net result
20182025
ARZOVA
ActiveSummary
ARZOVA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€301,540) and a net result of -€2,257. Equity is shrinking by ~6.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Activity not known1 site
Size
€346,321total assets 2025
- Equity
- -€301,540
- Loss
- -€2,257
Turnover not published (abridged schema)
Structure
Accounts 165 d early0 of 4 deeds read
Why 54Capped at 59: negative equity- Negative equity -€301,540- Liquidity: current ratio 0.01, cash €5,155+ Size: total assets €346,321+ No main activity registeredShow the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 24% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -87.1% of total assets
Liquidity
2+1
short-term debt 177.5% · cash 1.5%
Profitability
68+11
return on assets -0.7%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 17 months
06-2025: 0.5%
07-2025: 0.5%● 0.0% vs 06-2025
08-2025: 0.5%● 0.0% vs 07-2025
09-2025: 0.5%● 0.0% vs 08-2025
10-2025: 0.5%● 0.0% vs 09-2025
11-2025: 0.5%● 0.0% vs 10-2025
12-2025: 0.5%● 0.0% vs 11-2025
01-2026: 0.5%▲ +11.2% vs 12-2025highest value
02-2026: 0.5%● 0.0% vs 01-2026highest value
03-2026: 0.4%▼ -26.2% vs 02-2026lowest value
04-2026: 0.4%● 0.0% vs 03-2026lowest value
05-2026: 0.4%● 0.0% vs 04-2026lowest value
06-2026: 0.4%● 0.0% vs 05-2026lowest value
07-2026: 0.4%▲ +1.1% vs 06-2026
08-2026: 0.4%● 0.0% vs 07-2026
09-2026: 0.4%● 0.0% vs 08-2026
10-2026: 0.4%● 0.0% vs 09-2026
- Size: total assets €346,321 lowers the probability for this profile
- Negative equity -€301,540 raises the probability
- No main activity registered lowers the probability
- Liquidity: current ratio 0.01, cash €5,155 raises the probability
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 177.5% and cash: 1.5% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 5%, liquidity 5%, profitability 46%, growth against the median 42%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€301,540
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 16-02-2026, 165 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
165 d early
2024
163 d early
2023
163 d early
2022
139 d early
2021
19 d late
2020
92 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 64 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 19 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2017
- Next accounts
- by 31-07-2027
- 16-02-2026Annual accounts filed
- 18-02-2025Annual accounts filed
- 19-02-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 31-12-2012
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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