ARFIDEL
ActiveSummary
ARFIDEL has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €176,685 and a net result of €11,365. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-13
Solvency92=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.35 against 2.25 in 2023; short-term debt: 33.3% and cash: 53.9% of total assets), and 33.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d late
2023
28 d late
2022
14 d early
2021
52 d late
2020
60 d late
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€176,685▼ 5.1%
2023 · €186,208
Total assets
€265,400▼ 3.9%
2023 · €276,112
Net result
€11,365▼ 71.4%
2023 · €39,693
Working capital
€119,448▲ 6.3%
2023 · €112,328
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€48,196▲ 42.9%€55,512▲ 15.2%€40,059▼ 27.8%€62,220▲ 55.3%€18,198▼ 70.8%
Net result€33,837above the sector's middle half▲ 47.3%€41,032above the sector's middle half▲ 21.3%€28,594above the sector's middle half▼ 30.3%€39,693above the sector's middle half▲ 38.8%€11,365within the sector's middle half▼ 71.4%
Equity€131,797within the sector's middle half▲ 30.4%€169,099above the sector's middle half▲ 28.3%€177,895above the sector's middle half▲ 5.2%€186,208above the sector's middle half▲ 4.7%€176,685above the sector's middle half▼ 5.1%
Total assets€214,269within the sector's middle half▲ 2.9%€241,419within the sector's middle half▲ 12.7%€267,128within the sector's middle half▲ 10.6%€276,112within the sector's middle half▲ 3.4%€265,400within the sector's middle half▼ 3.9%
Debt€82,472▼ 23.1%€72,320▼ 12.3%€89,233▲ 23.4%€89,904▲ 0.8%€88,715▼ 1.3%
Working capital€124,489▲ 42.2%€165,004▲ 32.5%€168,609▲ 2.2%€112,328▼ 33.4%€119,448▲ 6.3%
Solvency61.5%within the sector's middle half▲ 13.0pp70.0%above the sector's middle half▲ 8.5pp66.6%within the sector's middle half▼ 3.4pp67.4%within the sector's middle half▲ 0.8pp66.6%within the sector's middle half▼ 0.9pp
Staff (FTE)0.9within the sector's middle half▼ 10.0%1.2▲ 33.3%1.6▲ 33.3%1.5▼ 6.3%1▼ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 71% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €265,400
Fixed assets
€57,604 ▼ 22.4%
Current assets
€207,796 ▲ 2.9%
Equity and liabilities €265,400
Equity
€176,685 ▼ 5.1%
Debt
€88,715 ▼ 1.3%
Debt's share of the balance-sheet total rises from 32.6% to 33.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€34,859▼
2023 · €69,792
Cash flow
€28,027▼
2023 · €47,266
Current ratio
2.35▲
2023 · 2.25
Quick ratio
2.23▲
2023 · 2.15
Debt to equity
0.50▲
2023 · 0.48
ROE
6.4%▼
2023 · 21.3%
ROA
4.3%▼
2023 · 14.4%
Interest coverage
17.66▼
2023 · 51.04
Debt ≤ 1 year
€88,348▼
2023 · €89,519
Income taxes
€5,081▼
2023 · €21,194
Staff costs
€56,120▲
2023 · €53,341
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €18,420 | €11,000 | ▼ 40.3% |
| Remuneration, social security and pensions62 | - | €25,061 | €42,279 | €53,341 | €56,120 | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,605 | €16,780 | €8,114 | €7,572 | €16,661 | ▲ 120% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €5,217 | €255 | €1,047 | ▲ 311% |
| Other operating charges640/8 | - | €1,642 | €1,789 | €4,474 | €2,462 | ▼ 45.0% |
| Gross operating margin9900 | €93,569 | €98,995 | €97,458 | €127,861 | €94,489 | ▼ 26.1% |
| Operating profit (loss)9901 | €48,196 | €55,512 | €40,059 | €62,220 | €18,198 | ▼ 70.8% |
| Financial income75/76B | - | €220 | €411 | €35 | €223 | ▲ 530% |
| Recurring financial income75 | €391 | €220 | €411 | €35 | €223 | ▲ 530% |
| Financial charges65/66B | - | €481 | €1,178 | €1,368 | €1,974 | ▲ 44.4% |
| Recurring financial charges65 | €1,460 | €481 | €1,178 | €1,368 | €1,974 | ▲ 44.4% |
| Profit (loss) for the period before taxes9903 | €47,128 | €55,251 | €39,292 | €60,888 | €16,447 | ▼ 73.0% |
| Income taxes67/77 | €13,292 | €14,219 | €10,698 | €21,194 | €5,081 | ▼ 76.0% |
| Profit (loss) for the period9904 | €33,837 | €41,032 | €28,594 | €39,693 | €11,365 | ▼ 71.4% |
| Profit (loss) for the period to be appropriated9905 | €33,837 | €41,032 | €28,594 | €39,693 | €11,365 | ▼ 71.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214,269 | €241,419 | €267,128 | €276,112 | €265,400 | ▼ 3.9% |
| Fixed assets21/28 | €32,715 | €16,548 | €9,591 | €74,265 | €57,604 | ▼ 22.4% |
| Tangible fixed assets22/27 | €32,715 | €16,548 | €9,591 | €74,265 | €57,604 | ▼ 22.4% |
| Plant, machinery and equipment23 | - | €312 | €156 | - | - | - |
| Furniture and vehicles24 | - | €16,236 | €9,435 | €74,265 | €57,604 | ▼ 22.4% |
| Current assets29/58 | €181,554 | €224,871 | €257,537 | €201,847 | €207,796 | ▲ 2.9% |
| Stocks and contracts in progress3 | €8,907 | €10,225 | €11,865 | €9,238 | €11,024 | ▲ 19.3% |
| Stocks30/36 | - | €10,225 | €11,865 | €9,238 | €11,024 | ▲ 19.3% |
| Amounts receivable within one year40/41 | €22,668 | €36,577 | €45,993 | €51,079 | €52,566 | ▲ 2.9% |
| Trade receivables40 | - | €34,083 | €43,856 | €46,943 | €45,143 | ▼ 3.8% |
| Other amounts receivable41 | - | €2,494 | €2,137 | €4,136 | €7,423 | ▲ 79.5% |
| Cash at bank and in hand54/58 | €146,092 | €176,199 | €196,577 | €134,335 | €142,993 | ▲ 6.4% |
| Deferred charges and accrued income490/1 | - | €1,868 | €3,102 | €7,195 | €1,212 | ▼ 83.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214,269 | €241,419 | €267,128 | €276,112 | €265,400 | ▼ 3.9% |
| Equity10/15 | €131,797 | €169,099 | €177,895 | €186,208 | €176,685 | ▼ 5.1% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €111,730 | €149,032 | €157,814 | €166,127 | €156,603 | ▼ 5.7% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | - | - | - |
| Tax-exempt reserves132 | - | €9,500 | €9,500 | €9,500 | €9,500 | = |
| Distributable reserves133 | - | €137,532 | €146,314 | €156,627 | €147,103 | ▼ 6.1% |
| Profit (loss) carried forward14 | €67 | €67 | €81 | €81 | €81 | = |
| Amounts payable17/49 | €82,472 | €72,320 | €89,233 | €89,904 | €88,715 | ▼ 1.3% |
| Amounts payable after more than one year17 | €25,407 | €12,085 | - | - | - | - |
| Financial debts170/4 | - | €12,085 | - | - | - | - |
| Amounts payable within one year42/48 | €57,065 | €59,867 | €88,928 | €89,519 | €88,348 | ▼ 1.3% |
| Current portion of amounts payable after more than one year42 | - | €12,740 | €12,085 | - | - | - |
| Trade debts44 | €15,621 | €16,557 | €18,009 | €24,687 | €17,108 | ▼ 30.7% |
| Suppliers440/4 | - | €16,557 | €18,009 | €24,687 | €17,108 | ▼ 30.7% |
| Taxes, remuneration and social security45 | - | €12,394 | €21,926 | €14,223 | €11,461 | ▼ 19.4% |
| Taxes450/3 | - | €11,018 | €13,299 | €3,581 | €1,529 | ▼ 57.3% |
| Remuneration and social security454/9 | - | €1,376 | €8,627 | €10,642 | €9,933 | ▼ 6.7% |
| Other amounts payable47/48 | - | €18,175 | €36,908 | €50,609 | €59,779 | ▲ 18.1% |
| Accrued charges and deferred income492/3 | - | €368 | €305 | €385 | €367 | ▼ 4.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,837 | €41,032 | €28,594 | €39,693 | €11,365 | ▼ 71.4% |
| + Depreciation and write-downs630 | €20,605 | €16,780 | €8,114 | €7,572 | €16,661 | ▲ 120% |
| Operating cash flow (approximation) | €54,442 | €57,812 | €36,708 | €47,266 | €28,027 | ▼ 40.7% |
| Investment in fixed assets (approximation) | - | -€613 | -€1,157 | -€72,246 | €0 | ▲ 100% |
| Change in cash | - | €30,107 | €20,378 | -€62,243 | €8,659 | ▲ 114% |
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
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
31-12
Financial
Weakest financial yearnet €11,365 ▼71.4%
Net result drops to €11,365, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2021
31-12
Financial
Highest result since 2018net €41,032 ▲21.3%
Net result €41,032, the highest in the series.
31-12
Financial
Equity above €150,000Eq €169,099 ▲28.3%
4 profitable years in a row build equity to €169,099.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
31-12
Financial
Equity above €100,000Eq €101,036 ▲24.8%
2 profitable years in a row build equity to €101,036.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
16-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 47 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Floreffe · 1 establishment unit since 2005
Ground area
2,008 m²
Building footprint
92 m²
Volume, LiDAR
472 m³
Parcel 92118C0087/00D000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Allée Verte, Soye 8, 5150 Floreffe
since 20052.199.569.822
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92118C0087/00D000 | Wallonia | 2,008 m² | 1 · 92 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFloreffe2.199.569.822
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Of 242 companies in sector 46382 we hold annual accounts for 142. 91 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
Founded30-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46382Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875776574
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.