NORMAL SITUATION

AARO

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Financial year 2024 · closed on 31/12/2024

Net result

36,5 k €

-85.7% YoY

Gross margin

61,8 k €

-85.9% YoY

Equity

596,2 k €

+6.5% YoY

Company — Normal situation.

What does AARO do?

AARO is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.135.093

Legal form

Public limited company

Contributed capital

312 500,00 €

Latest accounts

31/12/2024

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	61,8 k €	-85.9%	439,3 k €	+25.5%	350 k €	+2854%	-12,7 k €	-130%	42,5 k €	+218%	13,4 k €	-96.5%	379,8 k €	+738%	45,3 k €	+602%	-9 k €	+61.0%	-23,2 k €	-669%	-3 k €	-101%	426,6 k €	+170%	158,2 k €	+16.1%	136,2 k €	-8.0%	148 k €	+6.7%	138,6 k €	-4.3%	144,9 k €	-15.1%	170,7 k €	-2.4%	174,9 k €
EBITDA	55 k €	-83.0%	323 k €	-1.0%	326,3 k €	+1433%	-24,5 k €	-174%	33,1 k €	+1465%	2,1 k €	-99.4%	356,5 k €	+3241%	-11,3 k €	+64.2%	-31,7 k €	+30.4%	-45,6 k €	-73.1%	-26,3 k €	-107%	398 k €	+231%	120,1 k €	+21.1%	99,2 k €	-16.1%	118,3 k €	+4.2%	113,6 k €	-6.1%	121 k €	-16.8%	145,4 k €	-3.4%	150,4 k €
Operating result	55 k €	-82.5%	313,8 k €	+16.9%	268,6 k €	+395%	-91,2 k €	-164%	-34,5 k €	+50.8%	-70,1 k €	-125%	285,8 k €	+429%	-86,9 k €	+21.4%	-110,5 k €	+14.5%	-129,2 k €	-20.0%	-107,7 k €	-134%	316,9 k €	+784%	35,8 k €	+194%	12,2 k €	-68.2%	38,3 k €	-6.5%	41 k €	+16.2%	35,3 k €	-25.5%	47,3 k €	-2.0%	48,3 k €
Net result	36,5 k €	-85.7%	254,3 k €	-3.6%	263,8 k €	+402%	-87,4 k €	-29.3%	-67,6 k €	+25.9%	-91,2 k €	-136%	250 k €	+371%	-92,4 k €	+20.8%	-116,6 k €	+14.1%	-135,8 k €	-12.6%	-120,6 k €	-172%	167,6 k €	+17097%	-986 €	-125%	4 k €	-49.1%	7,8 k €	+28.8%	6 k €	+15003%	40 €	-98.6%	2,9 k €	-43.7%	5,2 k €
Balance sheet
Equity	596,2 k €	+6.5%	559,7 k €	+83.3%	305,4 k €	+633%	41,7 k €	-67.7%	129,1 k €	-34.4%	196,7 k €	-31.7%	287,9 k €	+660%	37,9 k €	-70.9%	130,3 k €	-47.2%	246,9 k €	-35.5%	382,7 k €	-24.0%	503,2 k €	+49.9%	335,6 k €	-0.3%	336,6 k €	+307%	82,6 k €	+10.4%	74,9 k €	+8.8%	68,8 k €	+0.1%	68,8 k €	+4.4%	65,9 k €
Total assets	729,7 k €	+9.4%	666,9 k €	-58.7%	1,6 M €	+31.0%	1,2 M €	-4.2%	1,3 M €	-6.9%	1,4 M €	+6.7%	1,3 M €	+7.2%	1,2 M €	+5.9%	1,1 M €	+5.2%	1,1 M €	+41.5%	766,4 k €	-29.3%	1,1 M €	+7.7%	1 M €	+7.2%	938,8 k €	+62.7%	577,1 k €	+0.3%	575,5 k €	-31.8%	844,3 k €	-8.3%	920,4 k €	-2.8%	947 k €
Cash	1,8 k €	-99.5%	332,5 k €	-14.5%	388,8 k €	+5530%	6,9 k €	-89.9%	68,6 k €	+289%	17,7 k €	-91.9%	218,4 k €	+991%	20 k €	-14.1%	23,3 k €	-71.4%	81,4 k €	+102%	40,3 k €	-81.3%	215,1 k €	+62.8%	132,2 k €	+110%	63 k €	+35.8%	46,4 k €	+140%	19,3 k €	+9.5%	17,6 k €	-7.3%	19 k €	-49.0%	37,3 k €
Debts	133,5 k €	+24.5%	107,2 k €	-91.5%	1,3 M €	+10.7%	1,1 M €	+4.1%	1,1 M €	-2.1%	1,1 M €	+21.3%	920,2 k €	-14.5%	1,1 M €	+18.3%	909,9 k €	+24.6%	730,4 k €	+171%	269,7 k €	-41.6%	461,6 k €	-31.2%	671,2 k €	+11.5%	602,2 k €	+21.8%	494,5 k €	-1.2%	500,6 k €	-35.4%	775,5 k €	-8.9%	851,6 k €	-3.3%	881,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	-44.4%	0,9 ETP	-10.0%	1,0 ETP	-16.7%	1,2 ETP	+140%	0,5 ETP	-16.7%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 12 ended

Active mandates

ROBBIE HOEKSTRA

Managing director · since 06 juin 2022 · until 06 juin 2028

Active

STEVE GAND

Director · since 06 juin 2022 · until 06 juin 2028

Active

Ended mandates

ROBBIE HOEKSTRA

Managing director · since 07 juin 2016 · until 07 juin 2023

Ended

STEVE GAND

Director · since 26 octobre 2012 · until 26 octobre 2018

Ended

STEVE GAND

Director · since 26 octobre 2012 · until 07 juin 2023

Ended

LUC RONCHAIL

Director · since 07 juin 2010 · until 07 juin 2016

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/03/2025	30/08/2024	31/07/2023	29/08/2022	26/08/2021	12/08/2020
General meeting	13/03/2025	03/06/2024	05/06/2023	06/06/2022	01/06/2021	01/06/2020
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

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Filings

Annual accounts filings

30 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	13/03/2025	19/03/2025	French	PDF
Micro model	31/12/2023	03/06/2024	30/08/2024	French	PDF
Micro model	31/12/2022	05/06/2023	31/07/2023	French	PDF
Micro model	31/12/2021	06/06/2022	29/08/2022	French	PDF
Micro model	31/12/2020	01/06/2021	26/08/2021	French	PDF
Micro model	31/12/2019	01/06/2020	12/08/2020	French	PDF
Micro model	31/12/2018	03/06/2019	30/09/2019	French	PDF
Micro model	31/12/2017	04/06/2018	28/09/2018	French	PDF
Abridged model	31/12/2016	05/06/2017	01/08/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	13/08/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	14/08/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	07/08/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	11/08/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	26/07/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	07/08/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	20/08/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	28/06/2007	French	PDF
Abridged model	31/12/2005	05/06/2006	12/07/2006	French	PDF
Abridged model	31/12/2004	06/06/2005	10/06/2005	French	PDF
Abridged model	31/12/2003	07/06/2004	28/06/2004	French	PDF
Abridged model	31/12/2002	02/06/2003	19/12/2003	French	PDF
Abridged model	31/12/2001	03/06/2002	22/08/2002	French	PDF

View all 30 filings

Estimate

Indicative valuation

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 31/12/2024 · 2 active · 12 ended

Active mandates

ROBBIE HOEKSTRA

Managing director · since 06 juin 2022 · until 06 juin 2028

Active

STEVE GAND

Director · since 06 juin 2022 · until 06 juin 2028

Active

Ended mandates

ROBBIE HOEKSTRA

Managing director · since 07 juin 2016 · until 07 juin 2023

Ended

STEVE GAND

Director · since 26 octobre 2012 · until 26 octobre 2018

Ended

STEVE GAND

Director · since 26 octobre 2012 · until 07 juin 2023

Ended

LUC RONCHAIL

Director · since 07 juin 2010 · until 07 juin 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution24/04/2025
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF
Registered office28/06/2023
SIEGE SOCIAL
PDF
Registered office26/04/2023
SIEGE SOCIAL
PDF
Mandates05/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates06/12/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates10/11/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates02/01/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates15/07/2011
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
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

2024
Annual accounts 202436,5 k €↓
2023
Annual accounts 2023254,3 k €↓
2022
Annual accounts 2022263,8 k €↑
2021
Annual accounts 2021-87,4 k €↓
2020
Annual accounts 2020-67,6 k €↑
2019
Annual accounts 2019-91,2 k €↓
2018
Annual accounts 2018250 k €↑
2017
Annual accounts 2017-92,4 k €↑
2016
Annual accounts 2016-116,6 k €↑
2015
Annual accounts 2015-135,8 k €↓
2014
Annual accounts 2014-120,6 k €↓
2013
Annual accounts 2013167,6 k €↑
2012
Annual accounts 2012-986 €↓
2011
Annual accounts 20114 k €↓
2010
Annual accounts 20107,8 k €↑
2009
Annual accounts 20096 k €↑
2008
Annual accounts 200840 €↓
2007
Annual accounts 20072,9 k €↓
2006
Annual accounts 20065,2 k €

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

AARO

Overview

What does AARO do?

Trend over 19 financial years

Board of directors

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