ARJAN
ActiveSummary
ARJAN has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.59M and a net result of €191k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+2
Solvency74▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.1 in 2024; short-term debt: 18% and cash: 0.6% of total assets), and 50.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Sector 70
lower
← 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
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
49.4%
Return on assets
5.9%
Age of the figures
15 mo
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 26-09-2025, 127 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
127 d early
2024
52 d early
2023
1 d early
2022
1 d early
2021
3 d early
2020
2 d early
2019
67 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 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, abbreviated schema
Equity
€1.59M▼ 13.6%
2024 · €1.84M
2020: €1.57M
2021: €1.49M
2022: €1.58M
2023: €1.70M
2024: €1.84M
2020 → 2025
Total assets
€3.23M▼ 2.5%
2024 · €3.31M
2020: €3.65M
2021: €3.58M
2022: €3.53M
2023: €3.41M
2024: €3.31M
2020 → 2025
Net result
€191k▲ 33.0%
2024 · €144k
2020: €134k
2021: €162k
2022: €185k
2023: €125k
2024: €144k
2020 → 2025
Working capital
€-558k▼ 124%
2024 · €-249k
2020: €-212k
2021: €-395k
2022: €-406k
2023: €-336k
2024: €-249k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.49M-€1.58M▲ 5.6%€1.70M▲ 7.9%€1.84M▲ 8.5%€1.59M▼ 13.6%
Operating result€206k-€269k▲ 30.4%€201k▼ 25.2%€225k▲ 12.0%€309k▲ 37.6%
Net result€162k-€185k▲ 14.4%€125k▼ 32.5%€144k▲ 15.5%€191k▲ 33.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 38% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.23M
Fixed assets
€3.20M ▼ 2.4%
Current assets
€24k ▼ 16.7%
Equity and liabilities €3.23M
Equity
€1.59M ▼ 13.6%
Debt
€1.63M ▲ 11.4%
Debt's share of the balance-sheet total rises from 44.3% to 50.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€388k▲
2024 · €304k
Cash flow
€270k▲
2024 · €223k
Current ratio
0.04▼
2024 · 0.10
Debt to equity
1.02▲
2024 · 0.79
ROE
12.0%▲
2024 · 7.8%
ROA
5.9%▲
2024 · 4.3%
Interest coverage
16.47▲
2024 · 13.32
Debt ≤ 1 year
€582k▲
2024 · €278k
Debt > 1 year
€1.05M▼
2024 · €1.19M
Income taxes
€94k▲
2024 · €58k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.31M€3.23M▼
Fixed assets21/28€3.28M€3.20M▼
Tangible fixed assets22/27€1.73M€1.65M▼
Land and buildings22€1.70M€1.63M▼
Furniture and vehicles24€36k€21k▼
Financial fixed assets28€1.55M€1.55M=
Current assets29/58€29k€24k▼
Amounts receivable after more than one year29€9k€0▼
Other amounts receivable291€9k€0▼
Cash at bank and in hand54/58€17k€21k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€3.31M€3.23M▼
Equity10/15€1.84M€1.59M▼
Contributions10/11€273k€273k=
Capital10€273k€273k=
Issued capital100€273k€273k=
Reserves13€1.22M€967k▼
Non-distributable reserves130/1€27k€27k=
Legal reserve130€27k€27k=
Distributable reserves133€1.19M€940k▼
Profit (loss) carried forward14€355k€355k=
Amounts payable17/49€1.46M€1.63M▲
Amounts payable after more than one year17€1.19M€1.05M▼
Financial debts170/4€1.18M€1.04M▼
Other amounts payable178/9€9k€9k=
Amounts payable within one year42/48€278k€582k▲
Current portion of amounts payable after more than one year42€136k€138k▲
Financial debts43-€15k
Credit institutions430/8-€15k
Trade debts44€24k€24k▲
Suppliers440/4€24k€24k▲
Taxes, remuneration and social security45€41k€47k▲
Taxes450/3€41k€47k▲
Other amounts payable47/48€77k€358k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€79k=
Other operating charges640/8€10k€48k▲
Gross operating margin9900€314k€437k▲
Operating profit (loss)9901€225k€309k▲
Financial charges65/66B€23k€24k▲
Recurring financial charges65€23k€24k▲
Profit (loss) for the period before taxes9903€202k€286k▲
Income taxes67/77€58k€94k▲
Profit (loss) for the period9904€144k€191k▲
Profit (loss) for the period to be appropriated9905€144k€191k▲
Appropriation of the result
Profit (loss) to be appropriated9906€499k€546k▲
Profit (loss) brought forward from the previous period14P€355k€355k=
Transfer from equity791/2-€441k
Transfer to equity691/2€144k€191k▲
To other reserves6921€144k€191k▲
Profit to be distributed694/7-€441k
Return on contributions (dividend)694-€441k
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (10 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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2020net €191k ▲33%
Operating result €309k, net result €191k, both a record.
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €125k ▼32.5%
Net result drops to €125k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 124 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 154 days late
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 9 acts read
About the unread acts
We know of 9 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
9 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, Aalst · 1 establishment unit since 1993
Ground area
1,671 m²
Building footprint
962 m²
Volume, LiDAR
4,584 m³
Parcel 41302C0546/00A003, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Gentse steenweg 153, 9300 Aalst
since 19932.063.782.094
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41302C0546/00A003 | Flanders | 1,671 m² | 1 · 962 m² | 11.1 m · 2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 22,720 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 formPublic limited company
Founded29-06-1992
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.