ARBELAN
InactiveARBELAN was declared bankrupt on 16-09-2025 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 31-03-2026, published in the Belgian State Gazette on 09-04-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four 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 31-12-2023, 3 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 · 8 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-08-2023, 28 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
28 d late
2021
23 d late
2020
38 d early
2019
45 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-4k
2021 · €5k
2018: €-3k
2019: €6k
2020: €11k
2021: €5k
2018 → 2022
Working capital
€8k▼ 57.2%
2021 · €18k
2018: €-6k
2019: €2k
2020: €13k
2021: €18k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€1k-€8k▲ 450%€19k▲ 145%€24k▲ 24.6%€20k▼ 15.3%
Operating result€-4k-€6k€7k▲ 18.5%€5k▼ 31.1%€-3k
Net result€-3k-€6k€11k▲ 77.3%€5k▼ 58.4%€-4k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €3k after €5k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €39k
Fixed assets
€13k▲ 101%
Current assets
€26k▼ 14.5%
Equity and liabilities €39k
Equity
€20k▼ 15.3%
Debt
€19k▲ 44.3%
The debt ratio rises from 34.9% to 47.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2021 · €5k
Cash flow
€-2k▼
2021 · €5k
Solvency
52.3%▼
2021 · 65.1%
Current ratio
1.41▼
2021 · 2.37
Quick ratio
0.37▼
2021 · 1.19
Debt / equity
0.91▲
2021 · 0.54
ROE
-18.1%▼
2021 · 19.8%
ROA
-9.5%▼
2021 · 12.9%
Interest coverage
-2.63▼
2021 · 15.48
Debt
€19k▲
2021 · €13k
Debt ≤ 1 year
€19k▲
2021 · €13k
Staff costs
€180
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€37k€39k▲
Fixed assets21/28€6k€13k▲
Tangible fixed assets22/27€3k€5k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24-€1k
Other tangible fixed assets26-€1k
Financial fixed assets28€4k€8k▲
Current assets29/58€31k€26k▼
Stocks and contracts in progress3€15k€19k▲
Stocks30/36€15k€19k▲
Amounts receivable within one year40/41€874€844▼
Trade receivables40€874€844▼
Cash at bank and in hand54/58€14k€4k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€37k€39k▲
Equity10/15€24k€20k▼
Contributions10/11€23k€23k=
Capital10€23k-
Issued capital100€23k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Profit (loss) carried forward14€-1k€-5k▼
Amounts payable17/49€13k€19k▲
Amounts payable within one year42/48€13k€19k▲
Trade debts44€462€891▲
Suppliers440/4€462€891▲
Taxes, remuneration and social security45€48€463▲
Taxes450/3€48€463▲
Other amounts payable47/48€12k€17k▲
Income statement
Code20212022
Remuneration, social security and pensions62-€180
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€477€1k▲
Other operating charges640/8€524€348▼
Gross operating margin9900€6k€-1k▼
Operating profit (loss)9901€5k€-3k▼
Financial income75/76B€125€84▼
Recurring financial income75€125€84▼
Financial charges65/66B€354€661▲
Recurring financial charges65€354€661▲
Non-recurring financial charges66B-€661
Profit (loss) for the period before taxes9903€5k€-4k▼
Profit (loss) for the period9904€5k€-4k▼
Profit (loss) for the period to be appropriated9905€5k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€-5k▼
Profit (loss) brought forward from the previous period14P€-6k€-1k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
09-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · ARBELAN BV PRIESTER CUYPERSSTRAAT 3, 1040 ETTERBEEK · event 31-03-2026
2025
24-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ARBELAN BV PRIESTER CUYPERSSTRAAT 3, 1040 ETTERBEEK · event 16-09-2025
20-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ARBELAN BV PRIESTER CUYPERSSTRAAT 3, 1040 ETTERBEEK · event 05-08-2025
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-4k ▼178%
Net result drops to €-4k, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €11k ▲77.3%
Operating result €7k, net result €11k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Dirk DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
16-09-2025 → present |
| Curator | Gerry VERSCHUREN BLEEKSTRAAT 11/003,
2800 MECHELEN |
05-08-2025 → present |