ARBEEL
ActiveSummary
The computed 12-month bankruptcy probability of ARBEEL is 4.1% (elevated). The 2025 annual accounts show equity of €118k and a net result of €29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 10407 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-39
Solvency36▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.05 against 1.26 in 2024; short-term debt: 88.6% and cash: 2.4% of total assets), and 88.6% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.4%
Return on assets
2.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 10407 sector peers (2025).
NBB · sector comparisonPosition among 10407 sector peers
Solvency
better than 21%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €118k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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
14 d late
2024
15 d early
2023
43 d late
2022
7 d early
2021
31 d late
2020
56 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€17k
EBIT margin
-17.4%
Net result
€29k▼ 60.9%
2024 · €75k
Working capital
€45k▼ 44.5%
2024 · €82k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€5k€17k▲ 253%€100k▲ 490%€39k▼ 60.8%
Net result€5k€13k▲ 165%€75k▲ 488%€29k▼ 60.9%
EBIT margin
Equity€-3k=€2k€14k▲ 760%€89k▲ 520%€118k▲ 32.8%
Total assets€9k€239k▲ 2,670%€401k▲ 67.5%€1.04M▲ 159%
Debt€3k▼ 42.9%€7k▲ 123%€225k▲ 3,128%€312k▲ 38.6%€921k▲ 195%
Working capital€2k€7k▲ 311%€82k▲ 1,087%€45k▼ 44.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€73k ▲ 873%
Current assets
€966k ▲ 146%
Equity and liabilities €1.04M
Equity
€118k ▲ 32.8%
Debt
€921k ▲ 195%
Debt's share of the balance-sheet total rises from 77.8% to 88.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.05▼
2024 · 1.26
Quick ratio
0.63▲
2024 · 0.51
Debt to equity
7.79▲
2024 · 3.50
ROE
24.7%▼
2024 · 83.9%
ROA
2.8%▼
2024 · 18.6%
Debt ≤ 1 year
€921k▲
2024 · €312k
Income taxes
€9k▼
2024 · €25k
Staff costs
€236k▲
2024 · €125k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €16k | €2.02M | €1.75M | ▼ 13.4% |
| Remuneration, social security and pensions62 | - | - | - | €125k | €236k | ▲ 89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1k | - | - | - |
| Other operating charges640/8 | - | - | - | €2k | €17k | ▲ 981% |
| Gross operating margin9900 | - | €5k | €18k | €226k | €293k | ▲ 29.4% |
| Operating profit (loss)9901 | - | €5k | €17k | €100k | €39k | ▼ 60.8% |
| Financial charges65/66B | - | - | - | €419 | €1k | ▲ 149% |
| Recurring financial charges65 | - | - | - | €419 | €1k | ▲ 149% |
| Profit (loss) for the period before taxes9903 | - | €5k | €17k | €100k | €38k | ▼ 61.7% |
| Income taxes67/77 | - | - | €4k | €25k | €9k | ▼ 64.2% |
| Profit (loss) for the period9904 | - | €5k | €13k | €75k | €29k | ▼ 60.9% |
| Profit (loss) for the period to be appropriated9905 | - | €5k | €13k | €75k | €29k | ▼ 60.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | - | €9k | €239k | €401k | €1.04M | ▲ 159% |
| Fixed assets21/28 | - | - | €8k | €8k | €73k | ▲ 873% |
| Tangible fixed assets22/27 | - | - | - | - | €66k | - |
| Furniture and vehicles24 | - | - | - | - | €66k | - |
| Financial fixed assets28 | - | - | €8k | €8k | €8k | = |
| Current assets29/58 | - | €9k | €232k | €393k | €966k | ▲ 146% |
| Stocks and contracts in progress3 | - | - | €173k | €235k | €387k | ▲ 64.9% |
| Stocks30/36 | - | - | €173k | €235k | €387k | ▲ 64.9% |
| Amounts receivable within one year40/41 | - | €9k | €34k | €129k | €554k | ▲ 330% |
| Trade receivables40 | - | - | €6k | €77k | €400k | ▲ 418% |
| Other amounts receivable41 | - | €9k | €28k | €51k | €154k | ▲ 199% |
| Cash at bank and in hand54/58 | - | - | €25k | €30k | €25k | ▼ 14.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0 | €9k | €239k | €401k | €1.04M | ▲ 159% |
| Equity10/15 | €-3k | €2k | €14k | €89k | €118k | ▲ 32.8% |
| Contributions10/11 | €100 | €100 | €100 | €100 | €100 | = |
| Capital10 | - | - | €100 | - | €100 | - |
| Issued capital100 | - | - | €100 | - | €100 | - |
| Outside capital11 | - | - | - | €100 | - | - |
| Other1109/19 | - | - | - | €100 | - | - |
| Profit (loss) carried forward14 | €-3k | €2k | €14k | €89k | €118k | ▲ 32.9% |
| Amounts payable17/49 | €3k | €7k | €225k | €312k | €921k | ▲ 195% |
| Amounts payable within one year42/48 | €3k | €7k | €225k | €312k | €921k | ▲ 195% |
| Trade debts44 | €12 | - | €221k | €142k | €633k | ▲ 345% |
| Suppliers440/4 | €12 | - | €221k | €142k | €633k | ▲ 345% |
| Taxes, remuneration and social security45 | €3k | €7k | €4k | €170k | €288k | ▲ 69.9% |
| Taxes450/3 | €3k | €7k | €4k | €80k | €89k | ▲ 10.8% |
| Remuneration and social security454/9 | - | - | - | €89k | €199k | ▲ 123% |
| Other amounts payable47/48 | €178 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | €5k | €13k | €75k | €29k | ▼ 60.9% |
| + Depreciation and write-downs630 | - | - | €1k | - | - | - |
| Operating cash flow (approximation) | - | €5k | €14k | €75k | €29k | ▼ 60.9% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €-66k | - |
| Change in cash | - | - | - | €5k | €-4k | ▼ 189% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
31-12
Financial
Equity above €100kEq €118k ▲32.8%
4 profitable years in a row build equity to €118k.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €75k ▲488%
Operating result €100k, net result €75k, both a record.
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
25-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 56 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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
Registered office, Brussel · 3 establishment units since 2018
Ground area
4.4 ha
Building footprint
2.3 ha
Volume, LiDAR
414,184 m³
2 parcels, Brussels · tallest building 30.4 m, ±6 floors. Linked by address, not a title deed.
47
companies at this address
See who is registered here
3 establishment units
The phone shop
since 20182.281.679.530
HOME ELECTRO
since 20232.352.742.522
Auguste Hainautstraat 4, 1090 Jette
since 20252.369.991.595
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813F0608/00M000 | Brussels | 4.0 ha | 1 · 2.1 ha | 30.4 m · 6 fl. |
| 21464F0013/00L000 | Brussels | 3,398 m² | 1 · 1,964 m² | 23.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,513 companies in sector 47540 we hold annual accounts for 805. 656 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
47540Retail sale of electrical household appliances
47811Retail sale of cars and light vans (up to 3.5 tonnes)
61100Wired, wireless and satellite telecommunications
70200Business and other management consultancy
74991Agents and managers of artists, athletes and other public figures
Scores and ratios are computed by Checked and are not a credit decision.