Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARARAT MOTORS from Boortmeerbeek, company number BE0809683348, closed financial year 2025 with a result of € -26,608 after tax. For that financial year ARARAT MOTORS recorded a gross margin of € 15,875 and equity of € -85,413. Compared with financial year 2024, the result moved from € 1,149 to € -26,608. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ -85,413
▼ € 26,608 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -26,608
▼ still € 1,149 profit in 2024
Profit after tax over the fiscal year.
€ 805
▼ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -91,613.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 38,743
▲ 5% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 2,072
▲ € 1,912 vs 2024
Loans from banks and other lenders, long and short.
€ 13,151
▲ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,742
▼ 70% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 11,548 | € 4,948 | € 43,100 | € 15,875 | ▼ 63% |
| Profit after taxes | € 4,971 | € 484 | € 1,149 | € -26,608 | ▼ € 27,757 |
| Equity | € -60,438 | € -59,954 | € -58,805 | € -85,413 | ▼ € 26,608 |
| Total debts | € 78,550 | € 90,220 | € 70,065 | € 96,013 | ▲ 37% |
| Cash | € 105 | € 4,719 | € 2,000 | € 805 | ▼ 60% |
| Retained profit | € -66,638 | € -66,154 | € -65,005 | € -91,613 | ▼ € 26,608 |
| Bank debt | € 1,106 | € 1,539 | € 160 | € 2,072 | ▲ € 1,912 |
| Balance sheet total | € 18,111 | € 30,266 | € 11,260 | € 10,599 | ▼ 6% |
Key figures of ARARAT MOTORS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ARARAT MOTORS?
What happened at ARARAT MOTORS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 26,608 (▼ € 27,757 vs 2024). Source: NBB ↗
- New establishment in Boortmeerbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,971 profit in 2022 to € 26,608 loss in 2025.
Best year ever: 2022, with € 4,971 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind ARARAT MOTORS is Zorik Hovhannisyan.
Directors
According to the 2025 annual accounts
Zorik Hovhannisyan
Director
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 210
3190 Boortmeerbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0809.683.348
- VAT number
- BE 0809.683.348
- Registered office
- Leuvensesteenweg 210, 3190 Boortmeerbeek
- Names & denominations
- ARARAT MOTORS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 February 2009
- Peppol
- Active · Active since 3 Nov 2025
- Activities · NACE
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
Carrosserieherstelling (inclusief spuiten en verven)
Detailhandel in onderdelen en accessoires van motorvoertuigen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Carrosserieherstelling
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
+1