ACTIVE

ARA

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

293,3 k €

+482.9% YoY

Gross margin

562,1 k €

+540.8% YoY

Equity

2,3 M €

+14.3% YoY

What does ARA do?

ARA is a Public limited company incorporated in 1992. Its registered office is in Haaltert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.815.742

Incorporation

09/07/1992

Legal form

Public limited company

Registered office

Burg. Emile de Sadeleerstr.(HA) 1
9450 Haaltert · FlandreSee on map

Contributed capital

1 065 942,16 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	562,1 k €	+541%	87,7 k €	+41.3%	62,1 k €	-27.5%	85,7 k €	-26.6%	116,7 k €	+51.6%	77 k €	-70.2%	258 k €	-54.7%	569,5 k €	+409%	112 k €	-27.0%	153,4 k €	+9.7%	139,9 k €	+15.3%	121,3 k €	+19.8%	101,3 k €	-71.3%	352,7 k €	+199%	117,8 k €	-8.8%	129,2 k €	+12.9%	114,5 k €	+9.4%	104,7 k €	-28.9%	147,2 k €	+11.0%	132,6 k €
EBITDA	460,4 k €	+582%	67,5 k €	+11.0%	60,8 k €	-17.7%	73,9 k €	-25.4%	99,1 k €	+42.8%	69,4 k €	-71.9%	247,2 k €	-55.7%	557,9 k €	+478%	96,5 k €	-32.5%	143,1 k €	+10.6%	129,3 k €	+17.3%	110,2 k €	+22.4%	90 k €	-73.4%	337,9 k €	+227%	103,3 k €	-11.0%	116,1 k €	+18.8%	97,8 k €	-0.4%	98,2 k €	-26.6%	133,8 k €	+10.5%	121,2 k €
Operating result	436,6 k €	+898%	43,7 k €	+17.6%	37,2 k €	-26.0%	50,2 k €	-33.4%	75,4 k €	+65.0%	45,7 k €	-79.6%	223,5 k €	-56.4%	512,3 k €	+782%	58,1 k €	-51.7%	120,3 k €	+12.9%	106,6 k €	+21.8%	87,5 k €	+286%	22,7 k €	-91.5%	266 k €	+998%	24,2 k €	-34.6%	37,1 k €	+98.1%	18,7 k €	-2.1%	19,1 k €	-65.1%	54,7 k €	+86.6%	29,3 k €
Net result	293,3 k €	+483%	50,3 k €	+569%	7,5 k €	-83.4%	45,4 k €	+2296%	1,9 k €	-96.3%	51,8 k €	-53.5%	111,4 k €	-68.9%	358,3 k €	+1486%	22,6 k €	-70.1%	75,6 k €	+7.8%	70,1 k €	-3.9%	72,9 k €	+1628%	4,2 k €	-97.5%	168,3 k €	+919%	16,5 k €	+25.2%	13,2 k €	+211%	-11,9 k €	+55.9%	-26,9 k €	-185%	31,6 k €	+222%	-26 k €
Balance sheet
Equity	2,3 M €	+14.3%	2 M €	+2.5%	2 M €	+0.4%	2 M €	+2.3%	1,9 M €	+0.5%	1,9 M €	+5.9%	1,8 M €	+6.5%	1,7 M €	+26.5%	1,4 M €	+1.7%	1,3 M €	+6.0%	1,3 M €	+5.9%	1,2 M €	+6.6%	1,1 M €	+0.4%	1,1 M €	+17.9%	937,9 k €	+1.8%	921,4 k €	+1.5%	908,2 k €	-1.3%	920,1 k €	-2.8%	947 k €	+3.5%	915,4 k €
Total assets	2,8 M €	+22.9%	2,3 M €	+1.0%	2,2 M €	-6.4%	2,4 M €	+1.9%	2,3 M €	+6.1%	2,2 M €	-0.5%	2,2 M €	-3.1%	2,3 M €	+1.6%	2,3 M €	+31.7%	1,7 M €	+1.9%	1,7 M €	+2.5%	1,6 M €	-0.0%	1,6 M €	-0.5%	1,6 M €	+13.7%	1,5 M €	-2.8%	1,5 M €	-2.2%	1,5 M €	-4.1%	1,6 M €	-5.3%	1,7 M €	-2.5%	1,7 M €
Cash	376,4 k €	+159%	145,2 k €	+379%	30,3 k €	+1453%	2 k €	-80.5%	10 k €	-71.5%	35,2 k €	-76.2%	147,9 k €		–		15 k €	-77.8%	67,3 k €	-66.5%	200,8 k €	-15.5%	237,5 k €	-19.6%	295,6 k €	+125%	131,3 k €	+1829%	6,8 k €	-27.0%	9,3 k €	+48.8%	6,3 k €	+433%	1,2 k €	-94.4%	20,9 k €	+191%	7,2 k €
Debts	346,8 k €	+203%	114,6 k €	-19.2%	141,8 k €	-53.0%	302 k €	+0.0%	301,9 k €	+78.5%	169,2 k €	-25.9%	228,3 k €	-43.7%	405,9 k €	-51.4%	834,9 k €	+171%	308,6 k €	-12.4%	352,3 k €	-7.5%	380,8 k €	-16.1%	453,8 k €	-2.6%	466,2 k €	-9.1%	513 k €	-10.1%	570,9 k €	-7.5%	617,1 k €	-8.0%	670,4 k €	-8.6%	733,3 k €	-9.3%	808,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Bart VAN KEYMEULEN

Director · since 26 mai 2023

Active

Lisette De Bolster

Director · since 26 mai 2023

Active

Ended mandates

BART VAN KEYMEULEN

Managing director

Ended

LISETTE DE BOLSTER

Director

Ended

RENE VAN KEYMEULEN

Director

Ended

At this address

Other companies at this address

Company	CBE no.
AXIS - accountancy● Active	0476.755.493
AXIS FINANCE● Active	0439.913.806
CHRISTIAENS MANAGEMENT CONSULTANCY● Active	0824.437.741
DGS Invest● Active	0759.942.837
Finny● Active	1039.106.758
HECTOR CUE SPORTS BELGIUM● Active	0701.664.148
LIBERTY INVESTMENT● Active	0438.710.511
Stichting AXIS● Active	0547.878.467
Strategoo● Active	1038.724.104
TLJ Invest● Active	1020.167.311

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/08/2026	29/08/2025	26/08/2024	27/06/2023	30/06/2022	05/10/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	15/06/2023	15/06/2022	15/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	27/08/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	26/08/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	30/06/2022	Dutch	PDF
Abridged modelCorrection	31/12/2020	15/06/2021	05/10/2021	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	18/06/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	15/06/2014	10/07/2014	Dutch	PDF
Abridged modelCorrection	31/12/2012	15/06/2013	25/09/2013	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	03/09/2009	Dutch	PDF
Abridged model	31/12/2007	15/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	10/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Bart VAN KEYMEULEN

Director · since 26 mai 2023

Active

Lisette De Bolster

Director · since 26 mai 2023

Active

Ended mandates

BART VAN KEYMEULEN

Managing director

Ended

LISETTE DE BOLSTER

Director

Ended

RENE VAN KEYMEULEN

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office26/06/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates01/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/09/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2012
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025293,3 k €↑
2024
Annual accounts 202450,3 k €↑
2023
Annual accounts 20237,5 k €↓
2022
Annual accounts 202245,4 k €↑
2021
Annual accounts 20211,9 k €↓
2020
Annual accounts 202051,8 k €↓
2019
Annual accounts 2019111,4 k €↓
2018
Annual accounts 2018358,3 k €↑
2017
Annual accounts 201722,6 k €↓
2016
Annual accounts 201675,6 k €↑
2015
Annual accounts 201570,1 k €↓
2014
Annual accounts 201472,9 k €↑
2013
Annual accounts 20134,2 k €↓
2012
Annual accounts 2012168,3 k €↑
2011
Annual accounts 201116,5 k €↑
2010
Annual accounts 201013,2 k €↑
2009
Annual accounts 2009-11,9 k €↑
2008
Annual accounts 2008-26,9 k €↓
2007
Annual accounts 200731,6 k €↑
2006
Annual accounts 2006-26 k €
09/07/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ARA

Overview

What does ARA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline