Equity
-€344,725
Debts exceed assets in financial year 2024.
ARBE LOGISTICS
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2004peak €937,215 (2006)
€11,921▲ €58,499
lowest -€272,615 (2009)
-€23,173▲ €27,628
peak €97,207 (2007)
-€344,725▼ €23,173
€969,267▼ 2.7%
peak 4.5 FTE (2006)
-not published
Board1 name since 2010
-
Documentsfilings and deeds
29-08-202529 days late
2024micro format
Gross margin from -€46,578 to €11,921Loss of €23,173Cash from €711 to €178
Key points
from the 2024 annual accountsLosses
-€149,742 in five years
Every financial year from 2020 to 2024 closed with a loss. 2021 was the heaviest.
Debts
€969,267 155% of the balance sheet
Suppliers 7%Taxes and wages 1%Other 92%
Of this, €842,710 falls due within a year.
Filings
21 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
At the same address
67 companies
Position in the sector
-€344,725
Less equity than 95% of companies in warehousing and transport support. Sector median €56,777 · 1,286 companies.
Checked score
35
Weak
Financially stronger than 13% of micro companies in warehousing and transport support (NACE 52)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.9% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 2,306 companies (NACE 52, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.8%
01-2025: 4.8%● unchanged vs 12-2024
02-2025: 4.8%● unchanged vs 01-2025
03-2025: 4.7%▼ -0.1 percentage points vs 02-2025
04-2025: 4.6%▼ -0.1 percentage points vs 03-2025
05-2025: 4.4%▼ -0.2 percentage points vs 04-2025
06-2025: 4.2%▼ -0.2 percentage points vs 05-2025
07-2025: 4.2%● unchanged vs 06-2025
08-2025: 4.8%▲ +0.6 percentage points vs 07-2025
09-2025: 3.9%▼ -0.9 percentage points vs 08-2025
10-2025: 3.9%● unchanged vs 09-2025
11-2025: 3.9%● unchanged vs 10-2025
12-2025: 3.9%● unchanged vs 11-2025
01-2026: 3.9%● unchanged vs 12-2025
02-2026: 3.9%● unchanged vs 01-2026
03-2026: 3.8%▼ -0.1 percentage points vs 02-2026
04-2026: 3.8%● unchanged vs 03-2026
05-2026: 3.7%▼ -0.1 percentage points vs 04-2026
06-2026: 3.5%▼ -0.2 percentage points vs 05-2026
07-2026: 3.4%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 4.1%▲ +0.7 percentage points vs 07-2026
09-2026: 4.5%▲ +0.4 percentage points vs 08-2026
10-2026: 4.9%▲ +0.4 percentage points vs 09-2026highest value
11-2026: 4.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.66, cash €178, halved
Figures for financial year 2024 (filed on 30-08-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 29 days late; 2 of the last 3 accounts late
Sector: Warehousing and support activities for transportation (NACE 52)
Calculation
The band follows from the bankruptcy probability. 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 52, micro). It does better than 4% of them on solvency, 1% on liquidity, 20% on profitability and 27% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,242 companies had the same profile as ARBE LOGISTICS has now. Each dot stands for 4 companies, two years later.
92.8%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ARBE LOGISTICS itself is higher: 4.9% within 12 months. It rests on far more data about ARBE LOGISTICS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,242 companies, not a prediction for ARBE LOGISTICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.66 (0.7 in 2023), below 1. Short-term debt is 134.9% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€344,725
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 29 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
29 days late
2023
56 days late
2022
383 days late
2021
201 days late
2020
552 days late
2019
531 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 292 days after the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
Resignation: Grigoryan Makar (manager)
General meeting of 01-04-2018 · Gazette deed
Incorporation
published on 17-09-2003 · Gazette deed
First establishment
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARBE LOGISTICS | €624,542 | €11,921 | -55.2% | - |
| WENNICK Schoten | €543,860 | €18,521 | 89.0% | - |
| BROINTERMED LINES AGENCIES Antwerp | €480,669 | €19,483 | 32.9% | 0 |
| QUADRUM RAIL LOGISTICS Antwerp | €406,043 | €13,188 | 35.9% | - |
| KIKITRANS Molenbeek-Saint-Jean | €438,259 | €16,414 | 99.0% | - |
| JAMA CUSTOMS Schilde | €487,342 | €7,434 | 31.9% | - |
| AMICO Keerbergen | €285,842 | €13,240 | 99.2% | - |
These companies have the same main activity as ARBE LOGISTICS: logistics services (NACE 52250). They are comparable in size and age: total assets between €286,000 and €544,000, founded between 1997 and 2008.
Official details
Source: KBO- Status
- Active since 10-09-2003Normal situation
- Legal form
- Private limited company (pre-2019)
- Activity
- Logistics servicesNACE 52250
- Establishment unit
- 2.133.821.638since 04-09-2003
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on ARBE LOGISTICS
ARBE LOGISTICS files the micro format. That format states no turnover. The gross margin fell from €937,215 in 2006 to €11,921 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARBE LOGISTICS
- What is the company number of ARBE LOGISTICS?
- The company number of ARBE LOGISTICS is 0860.429.392. The VAT number is the same number with BE in front: BE 0860.429.392.
- What does ARBE LOGISTICS do?
- According to the KBO register, the main activity is logistics services (NACE 52250).
- What is the legal form of ARBE LOGISTICS?
- ARBE LOGISTICS is a private limited company (pre-2019) (BVBA).
- When was ARBE LOGISTICS founded?
- ARBE LOGISTICS was founded on 10-09-2003.
- Is ARBE LOGISTICS still active?
- Yes, ARBE LOGISTICS is an active enterprise in the KBO register.Company details
- What is the turnover of ARBE LOGISTICS?
- The turnover in financial year 2024 is ≈ €60,000. This figure is estimated from the gross margin of €11,921 and 35 comparable companies (NACE 522). It probably lies between €28,000 and €110,000. It is a rough estimate.Financials
- Is ARBE LOGISTICS profitable?
- In financial year 2024, ARBE LOGISTICS made a loss of €23,173.
- Where can I find the annual accounts of ARBE LOGISTICS?
- ARBE LOGISTICS filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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