ARHAAN DIAM
ActiveSummary
The annual accounts of ARHAAN DIAM for fiscal year 2024 show a net loss of 61% of the equity at the start of that year. The 2024 annual accounts show equity of €4.11M and a net result of €-6.38M. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 15% of 5989 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-54
Solvency36▼-9
Growth42▼-25
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.11 against 1.24 in 2023; short-term debt: 88.8% and cash: 0.5% of total assets), and 89.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
10.7%
Return on assets
-16.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 5989 sector peers (2024).
NBB · sector comparisonPosition among 5989 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-10-2025, 83 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
83 d late
2023
107 d late
2022
241 d late
2021
295 d late
2020
243 d late
2019
441 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€36.03M▼ 32.3%
2023 · €53.21M
2018: €44.74M
2019: €54.88M
2020: €24.36M
2021: €50.27M
2022: €59.96M
2023: €53.21M
2018 → 2024
EBIT margin
-17.0%▼ 17.8pp
2023 · 0.8%
2018: 0.7%
2019: 0.8%
2020: 0.8%
2021: 11.3%
2022: 5.5%
2023: 0.8%
2018 → 2024
Net result
€-6.38M
2023 · €346k
2018: €232k
2019: €228k
2020: €36k
2021: €5.49M
2022: €3.02M
2023: €346k
2018 → 2024
Working capital
€3.71M▼ 63.1%
2023 · €10.07M
2018: €898k
2019: €1.58M
2020: €1.65M
2021: €7.15M
2022: €9.67M
2023: €10.07M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€24.36M-€50.27M▲ 106%€59.96M▲ 19.3%€53.21M▼ 11.3%€36.03M▼ 32.3%
Equity€1.63M-€7.12M▲ 337%€10.14M▲ 42.4%€10.48M▲ 3.4%€4.11M▼ 60.8%
Operating result€187k-€5.70M▲ 2,948%€3.27M▼ 42.5%€416k▼ 87.3%€-6.13M
Net result€36k-€5.49M▲ 15,355%€3.02M▼ 45.0%€346k▼ 88.5%€-6.38M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6.13M after €416k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38.55M
Fixed assets
€604k ▼ 11.1%
Current assets
€37.95M ▼ 27.5%
Equity and liabilities €38.55M
Equity
€4.11M ▼ 60.8%
Debt
€34.44M ▼ 19.0%
Debt's share of the balance-sheet total rises from 80.2% to 89.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6.05M▼
2023 · €502k
Cash flow
€-6.29M▼
2023 · €433k
Current ratio
1.11▼
2023 · 1.24
Quick ratio
0.41▼
2023 · 0.63
Debt to equity
8.38▲
2023 · 4.06
ROE
-155.2%▼
2023 · 3.3%
ROA
-16.5%▼
2023 · 0.7%
Interest coverage
-180.69▼
2023 · 17.72
Debt ≤ 1 year
€34.23M▼
2023 · €42.26M
Debt > 1 year
€190k▼
2023 · €231k
Income taxes
€193k▲
2023 · €9k
Staff costs
€64k▼
2023 · €71k
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 · 2024 against 2023 · 73 lines
Balance sheet
Code20232024
Assets
Total assets20/58€53.01M€38.55M▼
Fixed assets21/28€680k€604k▼
Tangible fixed assets22/27€624k€548k▼
Land and buildings22€492k€478k▼
Plant, machinery and equipment23€92k€40k▼
Furniture and vehicles24€40k€30k▼
Financial fixed assets28€56k€56k=
Affiliated companies280/1€56k€56k=
Participating interests280€56k€56k=
Other financial fixed assets284/8€700€700=
Amounts receivable and cash guarantees285/8€700€700=
Current assets29/58€52.33M€37.95M▼
Amounts receivable after more than one year29€302k€95k▼
Other amounts receivable291€302k€95k▼
Stocks and contracts in progress3€25.75M€23.82M▼
Stocks30/36€25.75M€23.82M▼
Goods purchased for resale34€25.75M€23.82M▼
Amounts receivable within one year40/41€25.46M€13.82M▼
Trade receivables40€25.36M€13.68M▼
Other amounts receivable41€96k€136k▲
Cash at bank and in hand54/58€769k€191k▼
Deferred charges and accrued income490/1€55k€20k▼
Equity and liabilities
Total equity and liabilities10/49€53.01M€38.55M▼
Equity10/15€10.48M€4.11M▼
Contributions10/11€560k€560k=
Reserves13€9.92M€9.92M=
Distributable reserves133€9.92M€9.92M=
Profit (loss) carried forward14-€-6.38M
Amounts payable17/49€42.53M€34.44M▼
Amounts payable after more than one year17€231k€190k▼
Financial debts170/4€231k€190k▼
Credit institutions173€231k€190k▼
Amounts payable within one year42/48€42.26M€34.23M▼
Current portion of amounts payable after more than one year42€41k€42k▲
Financial debts43€186k€107k▼
Credit institutions430/8€186k€107k▼
Trade debts44€32.88M€25.95M▼
Suppliers440/4€32.88M€25.95M▼
Taxes, remuneration and social security45€197k€202k▲
Taxes450/3€187k€183k▼
Remuneration and social security454/9€10k€20k▲
Other amounts payable47/48€8.96M€7.94M▼
Accrued charges and deferred income492/3€32k€19k▼
Income statement
Code20232024
Operating income70/76A€53.25M€36.06M▼
Turnover70€53.21M€36.03M▼
Other operating income74€20k€28k▲
Non-recurring operating income76A€17k-
Operating charges60/66A€52.83M€42.19M▼
Goods for resale, raw materials and consumables60€52.04M€41.39M▼
Purchases600/8€52.57M€39.47M▼
Change in stocks: decrease (increase)609€-536k€1.93M▲
Services and other goods61€595k€542k▼
Remuneration, social security and pensions62€71k€64k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€85k▼
Other operating charges640/8€43k€110k▲
Operating profit (loss)9901€416k€-6.13M▼
Financial income75/76B€28k€30k▲
Recurring financial income75€28k€30k▲
Other financial income752/9€28k€30k▲
Financial charges65/66B€89k€79k▼
Recurring financial charges65€89k€79k▼
Debt charges650€28k€33k▲
Other financial charges652/9€60k€46k▼
Profit (loss) for the period before taxes9903€355k€-6.18M▼
Income taxes67/77€9k€193k▲
Taxes670/3€106k€193k▲
Tax adjustments and reversals of tax provisions77€97k-
Profit (loss) for the period9904€346k€-6.38M▼
Profit (loss) for the period to be appropriated9905€346k€-6.38M▼
Appropriation of the result
Profit (loss) to be appropriated9906€346k€-6.38M▼
Transfer to equity691/2€346k-
To other reserves6921€346k-
Social balance
Average headcount (FTE)90871.61.7▲
The notes to these accounts (45 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 83 days late
2024
31-12
Financial
Weakest financial yearnet €-6.38M ▼1940%
Net result drops to €-6.38M, the lowest in the series.
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 107 days late
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 241 days late
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 295 days late
2022
31-12
Financial
Equity above €10MEq €10.14M ▲42.4%
5 profitable years in a row build equity to €10.14M.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 243 days late
2021
31-12
Financial
Highest result since 2018net €5.49M ▲15355%
Operating result €5.70M, net result €5.49M, both a record.
31-12
Financial
Equity above €5MEq €7.12M ▲337%
4 profitable years in a row build equity to €7.12M.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 441 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 184 days late
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 86 days late
2017
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 153 days late
2016
18-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 110 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2011
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.
Hoveniersstraat 302018 AntwerpenGround area
3,046 m²
Building footprint
2,904 m²
Volume, LiDAR
74,659 m³
Parcel 11808H1178/00S008, Flanders · tallest building 46.0 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
ARHAAN DIAM
since 20112.197.468.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1178/00S008 | Flanders | 3,046 m² | 1 · 2,904 m² | 46.0 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
IDEAL DIAMONDS
BE 0441.900.722
Antwerpen · Eq €4,127,472
FORTUNE JEWEL
BE 0838.169.278
Antwerpen · Eq €4,083,054
ARKOT DIAMONDS
BE 0830.908.730
Antwerpen · Eq €4,078,955
KABIR
BE 0456.962.149
Antwerpen · Eq €4,061,064
AKOSTAR
BE 0658.807.667
Antwerpen · Eq €4,039,445
Of 1,229 companies in sector 46861 we hold annual accounts for 678. 384 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.