Are Agency
ActiveSummary
Are Agency has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €247k and a net result of €147k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 35% of 2692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+12
Solvency53▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.13 in 2024; short-term debt: 41.3% and cash: 17.1% of total assets), but 71.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
28.3%
Return on assets
16.9%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 13-07-2026, 18 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
18 d early
2024
13 d early
2023
on the day
2022
on the day
2021
2 d early
2020
1 d early
2019
23 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€247k▲ 147%
2024 · €100k
2019: €47k
2020: €48k
2021: €67k
2022: €69k
2023: €73k
2024: €100k
2019 → 2025
Total assets
€874k▲ 18.0%
2024 · €741k
2019: €132k
2020: €188k
2021: €684k
2022: €748k
2023: €790k
2024: €741k
2019 → 2025
Net result
€147k▲ 183%
2024 · €52k
2019: €1k
2020: €1k
2021: €19k
2022: €3k
2023: €4k
2024: €52k
2019 → 2025
Working capital
€210k▲ 353%
2024 · €46k
2019: €35k
2020: €30k
2021: €-26k
2022: €7k
2023: €13k
2024: €46k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€69k▲ 4.0%€73k▲ 5.3%€100k▲ 37.0%€247k▲ 147%
Operating result€46k-€22k▼ 51.7%€32k▲ 45.4%€91k▲ 181%€206k▲ 125%
Net result€19k-€3k▼ 85.7%€4k▲ 36.5%€52k▲ 1,314%€147k▲ 183%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 125% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €874k
Fixed assets
€302k ▼ 12.4%
Current assets
€572k ▲ 44.5%
Equity and liabilities €874k
Equity
€247k ▲ 147%
Debt
€626k ▼ 2.2%
Debt's share of the balance-sheet total falls from 86.5% to 71.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€264k▲
2024 · €147k
Cash flow
€205k▲
2024 · €107k
Current ratio
1.58▲
2024 · 1.13
Debt to equity
2.53▼
2024 · 6.40
ROE
59.6%▲
2024 · 52.0%
ROA
16.9%▲
2024 · 7.0%
Interest coverage
15.71▲
2024 · 6.78
Debt ≤ 1 year
€361k▲
2024 · €349k
Debt > 1 year
€265k▼
2024 · €291k
Income taxes
€64k▲
2024 · €18k
Staff costs
€643k▲
2024 · €608k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€741k€874k▲
Fixed assets21/28€345k€302k▼
Intangible fixed assets21€22k€8k▼
Tangible fixed assets22/27€323k€294k▼
Land and buildings22€252k€245k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€51k€33k▼
Leasing and similar rights25€3k€2k▼
Other tangible fixed assets26€14k€13k▼
Financial fixed assets28€200€200=
Current assets29/58€396k€572k▲
Amounts receivable within one year40/41€336k€379k▲
Trade receivables40€262k€373k▲
Other amounts receivable41€74k€6k▼
Current investments50/53€0-
Cash at bank and in hand54/58€53k€150k▲
Deferred charges and accrued income490/1€7k€43k▲
Equity and liabilities
Total equity and liabilities10/49€741k€874k▲
Equity10/15€100k€247k▲
Contributions10/11€46k€46k=
Reserves13€54k€201k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€54k€201k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€640k€626k▼
Amounts payable after more than one year17€291k€265k▼
Financial debts170/4€291k€265k▼
Amounts payable within one year42/48€349k€361k▲
Current portion of amounts payable after more than one year42€46k€26k▼
Financial debts43€8k€72k▲
Credit institutions430/8€8k€72k▲
Trade debts44€178k€87k▼
Suppliers440/4€178k€87k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€89k€169k▲
Taxes450/3€31k€92k▲
Remuneration and social security454/9€58k€77k▲
Other amounts payable47/48€27k€7k▼
Income statement
Code20242025
Remuneration, social security and pensions62€608k€643k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€58k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€0▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€764k€909k▲
Operating profit (loss)9901€91k€206k▲
Financial income75/76B€179€22k▲
Recurring financial income75€179€22k▲
Financial charges65/66B€22k€17k▼
Recurring financial charges65€22k€17k▼
Profit (loss) for the period before taxes9903€70k€211k▲
Income taxes67/77€18k€64k▲
Profit (loss) for the period9904€52k€147k▲
Profit (loss) for the period to be appropriated9905€52k€147k▲
Appropriation of the result
Profit (loss) to be appropriated9906€68k€147k▲
Profit (loss) brought forward from the previous period14P€16k€0▼
Transfer to equity691/2€43k€147k▲
To other reserves6921€43k€147k▲
Profit to be distributed694/7€25k€0▼
Directors or managers695€25k€0▼
Social balance
Average headcount (FTE)908712.512.8▲
The notes to these accounts (19 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €147k ▲183%
Operating result €206k, net result €147k, both a record.
31-12
Financial
Equity above €200kEq €247k ▲147%
7 profitable years in a row build equity to €247k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €100k ▲37%
6 profitable years in a row build equity to €100k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Schelle · 1 establishment unit since 2018
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.
Provinciale Steenweg 392627 SchelleGround area
569 m²
Building footprint
255 m²
Volume, LiDAR
2,480 m³
Parcel 11038B0021/00R000, Flanders · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Are Agency
since 20182.277.838.132
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11038B0021/00R000 | Flanders | 569 m² | 1 · 255 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 49,343 EUR awarded · 49,343 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 13,269 EUR | 13,269 EUR |
| 2024 | 3 | 4,114 EUR | 16,614 EUR |
| 2023 | 3 | 6,361 EUR | 19,112 EUR |
| 2022 | 2 | 25,599 EUR | 348 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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APPSFINITY
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Dargent Consulting
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MEDINET
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 6,398 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.