d'Aro
ActiveSummary
d'Aro has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.52M and a net result of €909k. Equity is growing by ~45.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity ample (current ratio 6.95 against 1.44 in 2024; short-term debt: 7.5% and cash: 22.1% of total assets), and 10.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.4%
Return on assets
32.3%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-12-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
42 d early
2023
57 d early
2022
57 d early
2021
53 d early
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.52M▲ 56.6%
2024 · €1.61M
2019: €34klowest value
2021: €839k
2022: €919k▲ +9.6% vs 2021
2023: €1.11M▲ +20.4% vs 2022
2024: €1.61M▲ +45.2% vs 2023
2025: €2.52M▲ +56.6% vs 2024highest value
2019 → 2025
Total assets
€2.81M▲ 35.1%
2024 · €2.08M
2019: €55klowest value
2021: €1.97M
2022: €1.65M▼ -16.1% vs 2021
2023: €1.68M▲ +1.6% vs 2022
2024: €2.08M▲ +24.0% vs 2023
2025: €2.81M▲ +35.1% vs 2024highest value
2019 → 2025
Net result
€909k▲ 81.7%
2024 · €500k
2019: €-1klowest value
2021: €4k
2022: €97k▲ +2171% vs 2021
2023: €187k▲ +93.9% vs 2022
2024: €500k▲ +167% vs 2023
2025: €909k▲ +81.7% vs 2024highest value
2019 → 2025
Working capital
€1.25M▲ 753%
2024 · €147k
2019: €48k
2021: €-84k
2022: €-116k▼ -37.9% vs 2021lowest value
2023: €-78k▲ +32.3% vs 2022
2024: €147k▲ +288% vs 2023
2025: €1.25M▲ +753% vs 2024highest value
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€839k-€919k▲ 9.6%€1.11M▲ 20.4%€1.61M▲ 45.2%€2.52M▲ 56.6%
2021: €839klowest in 5 years
2022: €919k▲ +9.6% vs 2021
2023: €1.11M▲ +20.4% vs 2022
2024: €1.61M▲ +45.2% vs 2023
2025: €2.52M▲ +56.6% vs 2024highest in 5 years
Operating result€7k-€153k▲ 2,140%€247k▲ 61.3%€237k▼ 3.8%€277k▲ 16.5%
2021: €7klowest in 5 years
2022: €153k▲ +2140% vs 2021
2023: €247k▲ +61.3% vs 2022
2024: €237k▼ -3.8% vs 2023
2025: €277k▲ +16.5% vs 2024highest in 5 years
Net result€4k-€97k▲ 2,171%€187k▲ 93.9%€500k▲ 167%€909k▲ 81.7%
2021: €4klowest in 5 years
2022: €97k▲ +2171% vs 2021
2023: €187k▲ +93.9% vs 2022
2024: €500k▲ +167% vs 2023
2025: €909k▲ +81.7% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.81M
Fixed assets
€1.35M ▼ 15.9%
Current assets
€1.47M ▲ 205%
Equity and liabilities €2.81M
Equity
€2.52M ▲ 56.6%
Debt
€298k ▼ 37.4%
Debt's share of the balance-sheet total falls from 22.9% to 10.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€281k▲
2024 · €239k
Cash flow
€913k▲
2024 · €502k
Current ratio
6.95▲
2024 · 1.44
Debt to equity
0.12▼
2024 · 0.30
ROE
36.1%▲
2024 · 31.1%
ROA
32.3%▲
2024 · 24.0%
Interest coverage
50.03▲
2024 · 27.69
Debt ≤ 1 year
€211k▼
2024 · €333k
Debt > 1 year
€87k▼
2024 · €131k
Income taxes
€67k▼
2024 · €107k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.08M€2.81M▲
Fixed assets21/28€1.60M€1.35M▼
Tangible fixed assets22/27€3k€125k▲
Plant, machinery and equipment23€2k€6k▲
Furniture and vehicles24€929€119k▲
Financial fixed assets28€1.60M€1.22M▼
Current assets29/58€480k€1.47M▲
Amounts receivable after more than one year29-€101k
Other amounts receivable291-€101k
Amounts receivable within one year40/41€345k€590k▲
Trade receivables40€25k€15k▼
Other amounts receivable41€320k€575k▲
Current investments50/53-€150k
Cash at bank and in hand54/58€135k€621k▲
Deferred charges and accrued income490/1€600€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.08M€2.81M▲
Equity10/15€1.61M€2.52M▲
Contributions10/11€812k€812k=
Reserves13€794k€1.70M▲
Distributable reserves133€794k€1.70M▲
Amounts payable17/49€476k€298k▼
Amounts payable after more than one year17€131k€87k▼
Financial debts170/4€131k€87k▼
Other amounts payable178/9€0-
Amounts payable within one year42/48€333k€211k▼
Current portion of amounts payable after more than one year42€289k€150k▼
Trade debts44€2k€60k▲
Suppliers440/4€2k€60k▲
Taxes, remuneration and social security45€42k€0▼
Taxes450/3€42k€0▼
Other amounts payable47/48€0€360▲
Accrued charges and deferred income492/3€12k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€241k€282k▲
Operating profit (loss)9901€237k€277k▲
Financial income75/76B€379k€705k▲
Recurring financial income75€379k€386k▲
Non-recurring financial income76B-€319k
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€607k€976k▲
Income taxes67/77€107k€67k▼
Profit (loss) for the period9904€500k€909k▲
Profit (loss) for the period to be appropriated9905€500k€909k▲
Appropriation of the result
Profit (loss) to be appropriated9906€500k€909k▲
Transfer to equity691/2€500k€909k▲
To other reserves6921€500k€909k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €18 | €1k | €2k | €4k | ▲ 102% |
| Other operating charges640/8 | - | €214 | €474 | €2k | €2k | ▲ 14.8% |
| Gross operating margin9900 | €7k | €153k | €248k | €241k | €282k | ▲ 17.2% |
| Operating profit (loss)9901 | €7k | €153k | €247k | €237k | €277k | ▲ 16.5% |
| Financial income75/76B | - | €0 | €25k | €379k | €705k | ▲ 86.1% |
| Recurring financial income75 | €0 | €0 | €25k | €379k | €386k | ▲ 2.0% |
| Non-recurring financial income76B | - | - | - | - | €319k | - |
| Financial charges65/66B | - | €11k | €11k | €9k | €6k | ▼ 35.1% |
| Recurring financial charges65 | €1k | €11k | €11k | €9k | €6k | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | €6k | €142k | €261k | €607k | €976k | ▲ 60.6% |
| Income taxes67/77 | €2k | €45k | €74k | €107k | €67k | ▼ 37.7% |
| Profit (loss) for the period9904 | €4k | €97k | €187k | €500k | €909k | ▲ 81.7% |
| Profit (loss) for the period to be appropriated9905 | €4k | €97k | €187k | €500k | €909k | ▲ 81.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.97M | €1.65M | €1.68M | €2.08M | €2.81M | ▲ 35.1% |
| Fixed assets21/28 | €1.60M | €1.60M | €1.61M | €1.60M | €1.35M | ▼ 15.9% |
| Tangible fixed assets22/27 | - | €3k | €5k | €3k | €125k | ▲ 4,070% |
| Plant, machinery and equipment23 | - | - | €3k | €2k | €6k | ▲ 207% |
| Furniture and vehicles24 | - | €3k | €2k | €929 | €119k | ▲ 12,681% |
| Financial fixed assets28 | €1.60M | €1.60M | €1.60M | €1.60M | €1.22M | ▼ 23.5% |
| Current assets29/58 | €371k | €51k | €75k | €480k | €1.47M | ▲ 205% |
| Amounts receivable after more than one year29 | - | - | - | - | €101k | - |
| Other amounts receivable291 | - | - | - | - | €101k | - |
| Amounts receivable within one year40/41 | €1k | €22k | €26k | €345k | €590k | ▲ 71.1% |
| Trade receivables40 | - | €22k | €25k | €25k | €15k | ▼ 38.7% |
| Other amounts receivable41 | - | €0 | €907 | €320k | €575k | ▲ 79.7% |
| Current investments50/53 | - | - | - | - | €150k | - |
| Cash at bank and in hand54/58 | €369k | €27k | €49k | €135k | €621k | ▲ 361% |
| Deferred charges and accrued income490/1 | - | €1k | €576 | €600 | €3k | ▲ 431% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.97M | €1.65M | €1.68M | €2.08M | €2.81M | ▲ 35.1% |
| Equity10/15 | €839k | €919k | €1.11M | €1.61M | €2.52M | ▲ 56.6% |
| Contributions10/11 | - | €812k | €812k | €812k | €812k | = |
| Reserves13 | €26k | €107k | €294k | €794k | €1.70M | ▲ 114% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €105k | €294k | €794k | €1.70M | ▲ 114% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - |
| Amounts payable17/49 | €1.13M | €735k | €573k | €476k | €298k | ▼ 37.4% |
| Amounts payable after more than one year17 | €678k | €568k | €420k | €131k | €87k | ▼ 33.3% |
| Financial debts170/4 | - | €388k | €260k | €131k | €87k | ▼ 33.3% |
| Other amounts payable178/9 | - | €180k | €160k | €0 | - | - |
| Amounts payable within one year42/48 | €455k | €167k | €153k | €333k | €211k | ▼ 36.7% |
| Current portion of amounts payable after more than one year42 | - | €133k | €128k | €289k | €150k | ▼ 48.2% |
| Trade debts44 | €2k | €5k | €2k | €2k | €60k | ▲ 3,848% |
| Suppliers440/4 | - | €5k | €2k | €2k | €60k | ▲ 3,848% |
| Taxes, remuneration and social security45 | - | €12k | €24k | €42k | €0 | ▼ 100% |
| Taxes450/3 | - | €12k | €24k | €42k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €17k | €280 | €0 | €360 | - |
| Accrued charges and deferred income492/3 | - | - | - | €12k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €97k | €187k | €500k | €909k | ▲ 81.7% |
| + Depreciation and write-downs630 | - | €18 | €1k | €2k | €4k | ▲ 102% |
| Operating cash flow (approximation) | €4k | €97k | €189k | €502k | €913k | ▲ 81.8% |
| Investment in fixed assets (approximation) | - | €-3k | €-3k | €0 | €250k | - |
| Change in cash | - | €-341k | €22k | €86k | €486k | ▲ 468% |
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
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €909k ▲81.7%
Operating result €277k, net result €909k, both a record.
30-06
Financial
Liquidity times 5current ratio 6.95
Current ratio from 1.44 to 6.95; short-term debt falls from €333k to €211k.
30-06
Financial
Equity above €2MEq €2.52M ▲56.6%
5 profitable years in a row build equity to €2.52M.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 1.44
Current ratio from 0.49 to 1.44.
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €1MEq €1.11M ▲20.4%
3 profitable years in a row build equity to €1.11M.
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-06
Financial
Equity above €500kEq €839k ▲2,376%
Equity rises from €34k to €839k.
Show earlier events
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Turnhout · 1 establishment unit since 2012
Ground area
1,335 m²
Building footprint
183 m²
Volume, LiDAR
1,096 m³
Parcel 13452K0910/00X000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
D'Aro
since 20122.215.328.659
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452K0910/00X000 | Flanders | 1,335 m² | 1 · 183 m² | 8.9 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 5,699 companies in sector 70100 we hold annual accounts for 3,495. 1,487 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
Founded13-12-2012
Fiscal year end30-06
Activities, NACEBEL 2025
70100Activities of head offices
01430Raising of horses and other equines
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.