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Generated 08-08-2026
Active BE 0524.903.127Private limited company (pre-2019)

AR CETIN

· 13 yrs active
Sector: NACE 25110 (25110)
Conclusion Checked

The file of AR CETIN contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 2.0% (moderate). The 2021 annual accounts show equity of €43k and a net result of €-8k. Its solvency ranks better than 95% of 229 sector peers (fiscal year 2021).

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €43k
Net result €-8k
Better than sector 95%
Active 13 yrs
Snowflake analysis 5 axes · computed by Checked
Health55Profitability0Solvency100Growth52Stability85
58 / 100

Mixed profile: strong on solvency, weaker on profitability.

Health 55
Profitability 0
Solvency 100
Growth 52
Stability 85
Bankruptcy probability (12 mo) Checked model v1 · free
2.0% Moderate
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Higher-failure-rate sector +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
20 / 100
Moderate risk
Components
· 2 historical bankruptcy publications (+20)
Trust signals 1 signals
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2021 · computed
55 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 21-09-2022 with the NBB · fiscal year 2021 · micro
€-10k€0€10k€20kOperating result 2018: €11k€11kNet result 2018: €23k€23kOperating result 2021: €-8k€-8kNet result 2021: €-8k€-8k20182021
Operating resultNet result
Sector comparison
Fiscal year 2021 · NACE 25 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 84.3% 31.5%
better than 95% of 229 sector peers
Net result €-8k €11k
better than 10% of 229 sector peers
Equity €43k €35k
better than 58% of 229 sector peers
Gross operating margin €-5k €39k
better than 5% of 229 sector peers
Total assets €51k €125k
better than 25% of 229 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-5k
- far below sector median
Net profit
€-8k
- far below sector median
Cash flow
€-5k
- far below sector median
Total assets
€51k
-17.1% -83% vs sector
Equity
€43k
+4.7% -66% vs sector
Working capital
€36k
+132.5% +38% vs sector
Debt
€8k
-60.9% -95% vs sector
Debt ≤ 1y
€8k
-60.9% -93% vs sector
Current ratio
5.51
+213.1% far above sector median
Quick ratio
5.51
+213.1% far above sector median
Solvency
84.3%
+26.2% +89% vs sector
Debt / equity
0.19
- -82% vs sector
ROE
-17.9%
- far below sector median
ROA
-15.1%
- far below sector median
Interest coverage
-27.48
- far below sector median
Figures by fiscal year
Fiscal year2021
Revenue-
EBITDA€-5k
Net profit€-8k
Cash flow€-5k
Staff costs-
Income taxes-
Dividends-
Total assets€51k
Equity€43k
Debt€8k
of which ≤ 1y€8k
of which > 1y-
Working capital€36k
Employees (FTE)-
Ratios (computed)
2021
Current ratio5.51
Quick ratio5.51
Working capital ratio70.6%
Solvency84.3%
Debt / equity0.19
Long-term debt ratio-
Interest coverage-27.48
Gross margin-
Net margin-
ROA-15.1%
ROE-17.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€51k
Fixed assets 21/28€7k
Tangible fixed assets 22/27€7k
Current assets 29/58€44k
Amounts receivable within one year 40/41€43k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€51k
Equity 10/15€43k
Contributions / capital 10/11€19k
Reserves 13€10
Accumulated profits (losses) 14€25k
Amounts payable 17/49€8k
Amounts payable within one year 42/48€8k
Trade debts payable within one year 44€186
Income statement
Gross operating margin 9900€-5k
Operating result 9901€-8k
Financial charges 65€191
Result before taxes 9903€-8k
Net result for the period 9904€-8k
Result to be appropriated 9905€-8k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator DAVID ANNE
VAN IMMERSEELSTRAAT 66, 2018 ANTWERPEN 1
 20-06-2019 → present Belgian State Gazette
Legal Structure
NACE primary 25110
Legal form Private limited company (pre-2019)(015)
Incorporation28-03-2013
StatusActive
Postal code-
First BS signal 26-06-2019
Latest BS signal 02-10-2019
Company structure, linked entities1 linked entities
AR CETINBE 0524.903.127DAVID ANNEReceiver
Mandates
Establishment units 1 location
Pizza Port
Diksmuidelaan 138, 2600 AntwerpenVervaardiging van metalen constructiewerken of gebinten voor de bouw
since 20132.222.767.866
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11422C0294/00T002 Flanders 260 m² 1 · 220 m² 17.9 m · 5 fl.
11302A0070/00G019 Flanders 198 m² 1 · 195 m² 10.9 m · 3 fl.
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.
Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023
02-03-2023
State Gazette act Capital & shares
2022
21-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2019
09-12-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
02-10-2019
Bankruptcy Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · AR CETIN BVBA SINT- LAMBERTUSSTRAAT 26, 2600 BERCHEM (ANTWERPEN) · event 26-09-2019
26-06-2019
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · AR CETIN BVBA SINT- LAMBERTUSSTRAAT 26, 2600 BERCHEM (ANTWERPEN) · event 20-06-2019
2018
21-03-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2015
07-09-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Lifecycle & Insolvency Signals 2 events
02-10-2019
Bankruptcy Bankruptcy reversal
Date: 26-09-2019 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · AR CETIN BVBA SINT- LAMBERTUSSTRAAT 26, 2600 BERCHEM (ANTWERPEN) · Publications in State Gazette ↗
26-06-2019
Bankruptcy Opening
Date: 20-06-2019 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · AR CETIN BVBA SINT- LAMBERTUSSTRAAT 26, 2600 BERCHEM (ANTWERPEN) · Publications in State Gazette ↗
Time machine, BS events + macro context 2019, 2026
COVID lockdownEnergiecrisisECB hikes201920202021202220232024202520262019-06-26 · Bankruptcy · Opening2019-10-02 · Bankruptcy · Bankruptcy reversal
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
Capital history · 1
02-03-2023
Capital change
All acts · 1 updated 3 years ago
2023
02-03-2023 Transaction in capital or shares Capital & shares
Technical details 
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  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-03-02",
    "filing_date": "2023-02-16",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-02-16",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2022-10-31"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0524.903.127",
    "name_full": "Arcetin",
    "legal_form": "BVBA",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [],
  "share_classes_after": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Vervaardiging van metalen constructiewerken en delen daarvan25110Vervaardiging van metalen constructiewerken en delen daarvan25110Bouw van autowegen en andere wegen42110Bouw van autowegen en andere wegen42110Bouw van civieltechnische werken voor vloeistoffen, n.e.g.42219Bouw van civieltechnische werken voor vloeistoffen, neg42219Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Proefboren en boren43130Proefboren en boren43130Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Installatie van isolatie43230Overige bouwinstallatie43240Isolatiewerkzaamheden43291Overige bouwinstallatie, n.e.g.43299Schilderen van civieltechnische werken43342Schilderen van civieltechnische werken43342Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112
Primary activity highlighted.
Names & trade names
Legal nameFR AR CETIN
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative