ARO
ActiveSummary
ARO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €700k and a net result of €-55k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 36% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▲+7
Solvency52▲+6
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.19 in 2024; short-term debt: 42.8% and cash: 9.9% of total assets), and 72.9% 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+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
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 €-55k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
21 d late
2023
22 d late
2022
29 d late
2021
3 d early
2020
2 d early
2019
25 d late
← 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
Equity
€700k▼ 8.1%
2024 · €762k
2018: €753k
2019: €750k
2020: €786k
2021: €807k
2022: €945k
2023: €857k
2024: €762k
2018 → 2025
Total assets
€2.58M▼ 30.1%
2024 · €3.70M
2018: €2.89M
2019: €3.86M
2020: €3.93M
2021: €4.20M
2022: €4.91M
2023: €4.24M
2024: €3.70M
2018 → 2025
Net result
€-55k▲ 37.6%
2024 · €-88k
2018: €573k
2019: €-3k
2020: €36k
2021: €21k
2022: €3k
2023: €-81k
2024: €-88k
2018 → 2025
Working capital
€440k▲ 26.3%
2024 · €349k
2018: €125k
2019: €61k
2020: €678k
2021: €860k
2022: €935k
2023: €785k
2024: €349k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€807k-€945k▲ 17.2%€857k▼ 9.4%€762k▼ 11.1%€700k▼ 8.1%
Operating result€203k-€135k▼ 33.3%€14k▼ 89.9%€18k▲ 31.4%€33k▲ 82.5%
Net result€21k-€3k▼ 84.5%€-81k€-88k▼ 7.8%€-55k▲ 37.6%
Turnover and EBIT margin not published: the abbreviated 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 83% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.49M
Fixed assets
€948k ▼ 36.5%
Current assets
€1.55M ▼ 28.9%
Equity and liabilities €2.58M
Equity
€700k ▼ 8.1%
Provisions
€130k ▼ 18.7%
Debt
€1.75M ▼ 36.7%
Debt's share of the balance-sheet total falls from 75.0% to 67.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€446k▼
2024 · €490k
Cash flow
€358k▼
2024 · €384k
Current ratio
1.40▲
2024 · 1.19
Quick ratio
0.62▲
2024 · 0.55
Debt to equity
2.50▼
2024 · 3.64
ROE
-7.8%▲
2024 · -11.5%
ROA
-2.1%▲
2024 · -2.4%
Interest coverage
4.65▲
2024 · 3.81
Debt ≤ 1 year
€1.11M▼
2024 · €1.83M
Debt > 1 year
€646k▼
2024 · €932k
Income taxes
€32k▲
2024 · €3k
Staff costs
€2.07M▼
2024 · €2.45M
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 · 68 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.70M€2.58M▼
Formation expenses20€25k€90k▲
Fixed assets21/28€1.49M€948k▼
Intangible fixed assets21€68k€47k▼
Tangible fixed assets22/27€1.26M€886k▼
Land and buildings22€412k€388k▼
Plant, machinery and equipment23€296k€186k▼
Furniture and vehicles24€231k€129k▼
Leasing and similar rights25€121k€59k▼
Other tangible fixed assets26€200k€124k▼
Financial fixed assets28€166k€16k▼
Current assets29/58€2.18M€1.55M▼
Amounts receivable after more than one year29€63k€63k=
Other amounts receivable291€63k€63k=
Stocks and contracts in progress3€1.17M€865k▼
Stocks30/36€1.17M€865k▼
Amounts receivable within one year40/41€349k€324k▼
Trade receivables40€349k€324k▼
Cash at bank and in hand54/58€558k€256k▼
Deferred charges and accrued income490/1€34k€38k▲
Equity and liabilities
Total equity and liabilities10/49€3.70M€2.58M▼
Equity10/15€762k€700k▼
Contributions10/11€55k€55k=
Reserves13€377k€294k▼
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Tax-exempt reserves132€360k€277k▼
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€210k€238k▲
Investment grants15€121k€114k▼
Provisions and deferred taxes16€161k€130k▼
Deferred taxes168€161k€130k▼
Amounts payable17/49€2.77M€1.75M▼
Amounts payable after more than one year17€932k€646k▼
Financial debts170/4€506k€220k▼
Other amounts payable178/9€426k€426k=
Amounts payable within one year42/48€1.83M€1.11M▼
Current portion of amounts payable after more than one year42€474k€285k▼
Financial debts43€666k€330k▼
Credit institutions430/8€666k€330k▼
Trade debts44€181k€182k▲
Suppliers440/4€181k€182k▲
Taxes, remuneration and social security45€305k€307k▲
Taxes450/3€107k€108k▲
Remuneration and social security454/9€198k€200k▲
Other amounts payable47/48€201k€723▼
Accrued charges and deferred income492/3€13k€913▼
Income statement
Code20242025
Non-recurring operating income76A€6k€44▼
Remuneration, social security and pensions62€2.45M€2.07M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€472k€413k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€-15k▼
Other operating charges640/8€22k€19k▼
Non-recurring operating charges66A-€14k
Gross operating margin9900€2.96M€2.53M▼
Operating profit (loss)9901€18k€33k▲
Financial income75/76B€9k€11k▲
Recurring financial income75€9k€11k▲
Financial charges65/66B€129k€96k▼
Recurring financial charges65€129k€96k▼
Profit (loss) for the period before taxes9903€-102k€-52k▲
Transfer from deferred taxes780€17k€30k▲
Income taxes67/77€3k€32k▲
Profit (loss) for the period9904€-88k€-55k▲
Transfer from tax-exempt reserves789€45k€83k▲
Profit (loss) for the period to be appropriated9905€-43k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€210k€238k▲
Profit (loss) brought forward from the previous period14P€253k€210k▼
Social balance
Average headcount (FTE)908740.433.9▼
The notes to these accounts (20 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
31-12
Financial
Weakest financial yearnet €-88k
Net result drops to €-88k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
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.
Directors · office · real estate
Directors
4 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, Malle · 2 establishment units since 1997
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.
Energieweg 112390 MalleGround area
1.4 ha
Building footprint
6,943 m²
Volume, LiDAR
41,202 m³
2 parcels, Flanders · tallest building 16.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
RECYCLE COMPACT
since 19972.082.676.508
Energieweg 11, 2390 Malle
since 20162.262.448.982
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032D0065/00L000 | Flanders | 1.3 ha | 1 · 6,642 m² | 10.4 m · 2 fl. |
| 22004C0706/00H005 | Flanders | 633 m² | 1 · 301 m² | 16.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,309 EUR awarded · 6,309 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 531 EUR | 531 EUR |
| 2024 | 2 | 4,850 EUR | 4,850 EUR |
| 2022 | 1 | 928 EUR | 928 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DEBERGH JOHAN
BE 0468.328.272
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Toitures des Trois Provinces
BE 0864.871.992
Durbuy · Eq €696k
STALS EN ZOON
BE 0450.745.736
Lokeren · Eq €709k
EUROFEN
BE 0421.413.530
Mouscron · Eq €710k
MENUISOL
BE 0453.418.085
Namur · Eq €711k
Of 1,599 companies in sector 16230 we hold annual accounts for 783. 505 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
Founded09-05-1997
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
16250Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
43240Other construction installation
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.