ARASSE
Open bankruptcyA bankruptcy procedure is open for ARASSE according to publications in the Belgian State Gazette; curator: YSABELLE ENSCH.
Summary
The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €36k and a net result of €28k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-10-2022, 78 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
78 d late
2020
61 d late
2019
31 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2021, micro schema
Turnover
€105k
EBIT margin
-3.9%
Net result
€28k
2020 · €-6k
2018: €-18k
2019: €6k
2020: €-6k
2018 → 2021
Working capital
€33k
2020 · €-3k
2018: €8k
2019: €4k
2020: €-3k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€105k
Equity€8k-€13k▲ 70.6%€8k▼ 41.7%€36k▲ 366%
Operating result€-20k-€7k€-4k€39k
Net result€-18k-€6k€-6k€28k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €39k after a loss of €4k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €152k
Fixed assets
€4k ▼ 65.6%
Current assets
€148k ▲ 275%
Equity and liabilities €152k
Equity
€36k ▲ 366%
Debt
€116k ▲ 175%
Debt's share of the balance-sheet total falls from 84.5% to 76.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€40k▲
2020 · €-4k
Cash flow
€30k▲
2020 · €-6k
Current ratio
1.28▲
2020 · 0.94
Debt to equity
3.20
ROE
78.5%▲
2020 · -71.5%
ROA
18.7%▲
2020 · -11.1%
Interest coverage
18.20
Debt ≤ 1 year
€116k▲
2020 · €42k
Income taxes
€13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 43 lines
Balance sheet
Code20202021
Assets
Total assets20/58€50k€152k▲
Fixed assets21/28€10k€4k▼
Tangible fixed assets22/27€1k€4k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24-€2k
Financial fixed assets28€9k-
Current assets29/58€40k€148k▲
Amounts receivable within one year40/41€36k€139k▲
Trade receivables40-€5k
Other amounts receivable41-€134k
Cash at bank and in hand54/58€3k€9k▲
Equity and liabilities
Total equity and liabilities10/49€50k€152k▲
Equity10/15€8k€36k▲
Contributions10/11-€6k
Reserves13€2k€30k▲
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€28k
Profit (loss) carried forward14€-303€78▲
Amounts payable17/49€42k€116k▲
Amounts payable within one year42/48€42k€116k▲
Trade debts44€37k€100k▲
Suppliers440/4-€100k
Taxes, remuneration and social security45-€16k
Taxes450/3-€16k
Income statement
Code20202021
Turnover70€105k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17€1k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€53k
Other operating charges640/8-€148
Gross operating margin9900€-1k€93k▲
Operating profit (loss)9901€-4k€39k▲
Financial income75/76B-€5k
Recurring financial income75€1k€5k▲
Financial charges65/66B-€2k
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-6k€41k▲
Income taxes67/77-€13k
Profit (loss) for the period9904€-6k€28k▲
Profit (loss) for the period to be appropriated9905€-6k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€28k
Profit (loss) brought forward from the previous period14P-€-303
Transfer to equity691/2-€28k
To other reserves6921-€28k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL ARASSE AVENUE CHARLES- QUINT 124/14, 1083 GANSHOREN · event 13-10-2025
24-01
KBO administration
Address struck
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
1,728 m²
Building footprint
749 m²
Volume, LiDAR
16,419 m³
2 parcels, Brussels · tallest building 29.6 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
ARASSE
since 20142.229.863.120
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0149/00B013 | Brussels | 1,194 m² | 1 · 392 m² | 22.3 m · 6 fl. |
| 21392B0100/00C005 | Brussels | 534 m² | 1 · 356 m² | 29.6 m · 9 fl. |
Linked by address, not proof of ownership
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 IXELLES |
13-10-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-04-2014
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:Contact@arasse.be