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A.R.W.

Active
Public limited companyfounded 1990active for 36 yearsAtomiumlaan 9, 1020 Brussel, BelgiumKBO/BCE: BE 0439.676.155
Summary

A.R.W. has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €4.9m and a net result of €1.1m. Equity is growing by about 8.5% per year across the filed financial years. Its solvency ranks better than 58% of 263 sector peers (NACE 46, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
NACE 46160Wholesale of household textiles and bedding NACE 46412Wholesale of clothing, excluding workwear and underwear NACE 46423
1 site
Size
€38.1mturnover 2026
Staff
22 FTE
Equity
€4.9m
Profit
€1.1m
Financial health
95 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
W.L. INVEST · 99%
Auditor: SD Bedrijfsrevisoren BVAccounts 92 days early1 of 8 deeds read
Why 95raises riskLiquidity: current ratio 2.48, cash €327,456lowers riskFounded in 1990Profit of €1.1m (financial year 2026)Equity €4.9m (56.1% of total assets)Show the evidence

Checked score

Score 2026
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 60% of its sector peers (NACE 46, small)
Financial strength · tick = 2025
Strong
Solvency 81-8
equity 56.1% of total assets
Liquidity 37-4
short-term debt 38.0% · cash 3.8%
Profitability 69+13
return on assets 12.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,383 companies, NACE 46, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025highest value 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €460,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.48, compared with 3.27 in 2025; short-term debt: 38% and cash: 3.8% of total assets), and 43.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 65% on solvency, 40% on liquidity, 58% on profitability and 77% on growth.

The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1990
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Profit of €1.1m (financial year 2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.48, cash €327,456
NBB · annual accounts
lowers risk · Equity €4.9m (56.1% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2026 was due by 31-12-2026 and was filed on 30-09-2026, 92 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
92 days early
2025
48 days early
2024
89 days early
2023
53 days early
2022
72 days early
2021
63 days early
2020
62 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 68 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-05-2027 and is due by 31-12-2027. Nothing is late today. The company usually files around 20 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-05-2027 year end31-12-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · full…
  2. Highest result from 2019 to 2026net €1.1m ▲183%
  3. Reappointment: SD Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Henricus Wouters

Key points

  • Positive: Result rose in 2026from €378,379 to €1.1m ▲ 183% View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
  • Controlled by W.L. INVEST 99% View
  • Positive: 5 profitable years in a rowprofit 2026: €1.1m 5 years View

By topic

Financials

Financial year
2026
Turnover
€38.1m
Profit
€1.1m
Solvency
56.1%
Turnover▲ 9.8%
Net result
20192026
Go to Financials

Timeline

Events
39
Since
1992
Next accounts
by 31-12-2027
  1. 13-11-2025Annual accounts filed
  2. 03-10-2024Annual accounts filed
  3. 08-11-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Agents in the wholesale of textiles, clothing, fur…NACE 46160
Founded
04-01-1990
Year ends
31-05
Peppol
Reachable for e-invoices
Go to Company details

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