D'ARROS
ActiveD'ARROS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291k and a net result of €-60k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 34% of 2167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-1
Solvency49▼-51
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 16.13 in 2024; short-term debt: 75.8% and cash: 75.7% of total assets), and 75.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-60k
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
21 d early
2023
58 d early
2022
56 d early
2021
39 d early
2020
36 d early
2019
92 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€291k▼ 76.7%
2024 · €1.25M
2018: €1.17M
2019: €1.22M
2020: €1.22M
2021: €1.21M
2022: €1.20M
2023: €1.30M
2024: €1.25M
2018 → 2025
Total assets
€1.20M▼ 9.8%
2024 · €1.33M
2018: €1.20M
2019: €1.24M
2020: €1.24M
2021: €1.75M
2022: €2.24M
2023: €1.40M
2024: €1.33M
2018 → 2025
Net result
€-60k▼ 12.1%
2024 · €-53k
2018: €-25k
2019: €51k
2020: €-5k
2021: €-13k
2022: €-511
2023: €99k
2024: €-53k
2018 → 2025
Working capital
€205k▼ 82.9%
2024 · €1.20M
2018: €1.17M
2019: €1.22M
2020: €1.22M
2021: €1.14M
2022: €1.15M
2023: €1.25M
2024: €1.20M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.21M-€1.20M=€1.30M▲ 8.2%€1.25M▼ 4.1%€291k▼ 76.7%
Operating result€-11k-€21k€165k▲ 673%€-53k€-59k▼ 12.0%
Net result€-13k-€-511▲ 96.2%€99k€-53k€-60k▼ 12.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €59k in 2025 against €53k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.20M
Fixed assets
€85k▲ 83.8%
Current assets
€1.11M▼ 13.2%
Equity and liabilities €1.20M
Equity
€291k▼ 76.7%
Debt
€909k▲ 1,042%
The debt ratio rises from 6.0% to 75.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-35k▼
2024 · €-28k
Cash flow
€-36k▼
2024 · €-29k
Solvency
24.2%▼
2024 · 94.0%
Current ratio
1.23▼
2024 · 16.13
Quick ratio
1.01▼
2024 · 13.68
Debt / equity
3.12▲
2024 · 0.06
ROE
-20.6%▼
2024 · -4.3%
ROA
-5.0%▼
2024 · -4.0%
Interest coverage
-81.47▼
2024 · -57.69
Debt
€909k▲
2024 · €80k
Debt ≤ 1 year
€909k▲
2024 · €80k
Income taxes
€365▲
2024 · €186
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.33M€1.20M▼
Formation expenses20€0-
Fixed assets21/28€46k€85k▲
Tangible fixed assets22/27€46k€85k▲
Plant, machinery and equipment23€0-
Furniture and vehicles24€46k€85k▲
Current assets29/58€1.28M€1.11M▼
Stocks and contracts in progress3€195k€195k=
Stocks30/36€195k€195k=
Amounts receivable within one year40/41€15k€9k▼
Trade receivables40€12k€5k▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€1.07M€907k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.33M€1.20M▼
Equity10/15€1.25M€291k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€115k€115k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€109k€109k=
Profit (loss) carried forward14€1.07M€114k▼
Amounts payable17/49€80k€909k▲
Amounts payable within one year42/48€80k€909k▲
Current portion of amounts payable after more than one year42€19k€0▼
Trade debts44€16k€6k▼
Suppliers440/4€16k€6k▼
Taxes, remuneration and social security45€45k€270k▲
Taxes450/3€45k€270k▲
Other amounts payable47/48-€632k
Income statement
Code20242025
Non-recurring operating income76A-€20k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€24k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€-27k€-33k▼
Operating profit (loss)9901€-53k€-59k▼
Financial income75/76B€2€5▲
Recurring financial income75€2€5▲
Financial charges65/66B€486€431▼
Recurring financial charges65€486€431▼
Profit (loss) for the period before taxes9903€-53k€-59k▼
Income taxes67/77€186€365▲
Profit (loss) for the period9904€-53k€-60k▼
Profit (loss) for the period to be appropriated9905€-53k€-60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.07M€1.01M▼
Profit (loss) brought forward from the previous period14P€1.13M€1.07M▼
Profit to be distributed694/7-€900k
Return on contributions (dividend)694-€900k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
31-12
Financial
Weakest financial yearnet €-60k
Net result drops to €-60k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €99k
Net result €99k after 3 loss-making years.
31-12
Financial
Liquidity times 8current ratio 17.84
Current ratio from 2.15 to 17.84; short-term debt falls from €1,000k to €74k.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2014
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
08-06-2014
Resigned as Director
Location & real-estate footprint
Registered office, Neufchâteau · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Docteur Hanozet,NEU 86840 NeufchâteauGround area
1,866 m²
Building footprint
333 m²
Volume, LiDAR
3,033 m³
2 parcels, Wallonia · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de la Gare,NEU 28, 6840 Neufchâteau
since 20022.098.838.092
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84043A0239/00X002 | Wallonia | 1,695 m² | 1 · 209 m² | 10.8 m · 2 fl. |
| 84043A0202/00L000 | Wallonia | 171 m² | 1 · 124 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 11,072 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-02-2002
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
68121Development of residential building projects
70111
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.