ARBAL
InactiveARBAL was declared bankrupt on 12-06-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 22-10-2024, published in the Belgian State Gazette on 14-08-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 15-09-2022, 46 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
46 d late
2020
114 d late
2019
75 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€93k▼ 16.0%
2020 · €111k
2018: €203k
2019: €169k
2020: €111k
2018 → 2021
EBIT margin
5.3%▲ 0.1pp
2020 · 5.2%
2018: -6.2%
2019: 2.0%
2020: 5.2%
2018 → 2021
Net result
€5k▼ 12.6%
2020 · €6k
2018: €-16k
2019: €3k
2020: €6k
2018 → 2021
Working capital
€11k▲ 85.5%
2020 · €6k
2018: €-10k
2019: €-180
2020: €6k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€203k-€169k▼ 16.8%€111k▼ 34.2%€93k▼ 16.0%
Equity€999-€4k▲ 319%€10k▲ 134%€15k▲ 50.1%
Operating result€-13k-€3k€6k▲ 71.2%€5k▼ 13.9%
Net result€-16k-€3k€6k▲ 76.6%€5k▼ 12.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 14% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €30k
Fixed assets
€3k ▼ 7.2%
Current assets
€27k ▲ 13.1%
Equity and liabilities €30k
Equity
€15k ▲ 50.1%
Debt
€16k ▼ 11.7%
Debt's share of the balance-sheet total falls from 64.4% to 51.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k▼
2020 · €6k
Cash flow
€5k▼
2020 · €6k
Current ratio
1.72▲
2020 · 1.34
Quick ratio
1.57▲
2020 · 1.02
Debt to equity
1.06
ROE
33.4%▼
2020 · 57.3%
ROA
16.2%▼
2020 · 20.4%
Interest coverage
120.22
Debt ≤ 1 year
€16k▼
2020 · €18k
Staff costs
€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 · 45 lines
Balance sheet
Code20202021
Assets
Total assets20/58€28k€30k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€1k€1k▼
Plant, machinery and equipment23-€1k
Financial fixed assets28€2k€2k=
Current assets29/58€24k€27k▲
Stocks and contracts in progress3€6k€2k▼
Stocks30/36-€2k
Amounts receivable within one year40/41€17k€973▼
Other amounts receivable41-€973
Cash at bank and in hand54/58€914€24k▲
Equity and liabilities
Total equity and liabilities10/49€28k€30k▲
Equity10/15€10k€15k▲
Contributions10/11-€19k
Outside capital11-€19k
Share premium1100/10-€19k
Reserves13€1k€1k=
Non-distributable reserves130/1-€1k
Reserves not available under the articles1311-€1k
Profit (loss) carried forward14€-10k€-5k▲
Amounts payable17/49€18k€16k▼
Amounts payable within one year42/48€18k€16k▼
Trade debts44€3k€1k▼
Suppliers440/4-€1k
Taxes, remuneration and social security45-€9k
Taxes450/3-€7k
Remuneration and social security454/9-€2k
Other amounts payable47/48-€6k
Income statement
Code20202021
Turnover70€111k€93k▼
Goods, raw materials, services and sundry goods60/61-€73k
Remuneration, social security and pensions62-€13k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€618€269▼
Other operating charges640/8-€2k
Gross operating margin9900€28k€20k▼
Operating profit (loss)9901€6k€5k▼
Financial income75/76B-€2
Recurring financial income75€4€2▼
Financial charges65/66B-€47
Recurring financial charges65€89€44▼
Non-recurring financial charges66B-€3
Profit (loss) for the period before taxes9903€6k€5k▼
Profit (loss) for the period9904€6k€5k▼
Profit (loss) for the period to be appropriated9905€6k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-5k
Profit (loss) brought forward from the previous period14P-€-10k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-08
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · SPRL ARBAL RUE DES QUATRE-VENTS 102, 1080 MOLENBEEK-SAINT-JEAN. déclarée le 12 juin 2023 · event 22-10-2024
2023
19-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SPRL ARBAL RUE DES QUATRE- VENTS 102, 1080 MOLENBEEK-SAINT-JEAN · event 12-06-2023
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
2020
31-12
Financial
Highest result since 2018net €6k ▲76.6%
Operating result €6k, net result €6k, both a record.
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 75 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 43 days late
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 43 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 418 days late
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 43 days late
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 340 days late
2014
12-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 12 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEROME HENRI AVENUE ROGER VANDEN-
DRIESSCHE 18, 1150 WOLUWE-SAINT-PIERRE- curateur@bazacle-
solon.eu |
12-06-2023 → 22-10-2024 |