ARHOL
ActiveSummary
ARHOL has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.1m and a net result of €661,174. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+9
Solvency100=
Growth61▲+19
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.18 in 2023; short-term debt: 8.5% and cash: 0.7% of total assets), and 8.5% of the assets are financed with debt.
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Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.5%
Return on assets
9.9%
Age of the figures
21 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
50 d early
2022
46 d early
2021
34 d early
2020
35 d early
2019
23 d early
← 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 40 days before 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, full schema, statutory accounts
Turnover
€83,398▲ 12.3%
2023 · €74,233
EBIT margin
65.6%▲ 90.4pp
2023 · -24.9%
Net result
€661,174▲ 966%
2023 · €62,046
Working capital
-€364,740▲ 44.3%
2023 · -€655,093
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
Line20202021202220232024
Turnover€63,561▼ 29.4%€64,432▲ 1.4%€67,471▲ 4.7%€74,233▲ 10.0%€83,398▲ 12.3%
Operating result€11,420▼ 60.6%€8,732▼ 23.5%€19,472▲ 123%-€18,450€54,672
Net result€116,563▲ 22.6%€393,799▲ 238%€106,973▼ 72.8%€62,046▼ 42.0%€661,174▲ 966%
EBIT margin18.0%▼ 14.2pp13.6%▼ 4.4pp28.9%▲ 15.3pp-24.9%▼ 53.7pp65.6%▲ 90.4pp
Equity€4.1m▲ 25.8%€4.7m▲ 13.4%€5.1m▲ 9.2%€5.2m▲ 1.5%€6.1m▲ 17.7%
Total assets€5.7m▲ 8.2%€6.0m▲ 5.3%€5.4m▼ 9.2%€6.0m▲ 9.9%€6.7m▲ 11.4%
Debt€1.6m▼ 20.9%€1.3m▼ 16.0%€338,637▼ 74.4%€801,231▲ 137%€565,714▼ 29.4%
Working capital-€224,319▲ 28.1%-€1.1m▼ 396%-€241,434▲ 78.3%-€655,093▼ 171%-€364,740▲ 44.3%
Why a figure moved sharply
- 2024 Net result +966% on 2023. Cause not known from the registers.
- 2022 Net result -73% on 2021. Cause not known from the registers.
- 2021 Net result +238% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €54,672 after a loss of €18,450 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.7m
Fixed assets
€6.5m ▲ 10.7%
Current assets
€200,975 ▲ 37.5%
Equity and liabilities €6.7m
Equity
€6.1m ▲ 17.7%
Debt
€565,714 ▼ 29.4%
Debt's share of the balance-sheet total falls from 13.4% to 8.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68,824▲
2023 · €41,044
Cash flow
€675,327▲
2023 · €121,541
Current ratio
0.36▲
2023 · 0.18
Debt to equity
0.09▼
2023 · 0.15
ROE
10.9%▲
2023 · 1.2%
ROA
9.9%▲
2023 · 1.0%
Interest coverage
8.34▲
2023 · 5.68
Debt ≤ 1 year
€565,714▼
2023 · €801,231
Income taxes
€5,700▲
2023 · -€16
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €64,432 | €67,471 | €75,983 | €99,372 | ▲ 30.8% |
| Turnover70 | €63,561 | €64,432 | €67,471 | €74,233 | €83,398 | ▲ 12.3% |
| Other operating income74 | - | €0 | - | €1,750 | €0 | ▼ 100% |
| Non-recurring operating income76A | - | - | - | - | €15,973 | - |
| Operating charges60/66A | - | €55,700 | €47,999 | €94,433 | €44,700 | ▼ 52.7% |
| Services and other goods61 | - | €32,767 | €24,551 | €24,958 | €20,754 | ▼ 16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,357 | €14,108 | €14,294 | €59,494 | €14,152 | ▼ 76.2% |
| Other operating charges640/8 | - | €8,824 | €9,154 | €9,981 | €9,794 | ▼ 1.9% |
| Operating profit (loss)9901 | €11,420 | €8,732 | €19,472 | -€18,450 | €54,672 | ▲ 396% |
| Financial income75/76B | - | €407,946 | €98,952 | €97,342 | €621,219 | ▲ 538% |
| Recurring financial income75 | €135,746 | €407,946 | €98,952 | €97,342 | €621,219 | ▲ 538% |
| Income from financial fixed assets750 | - | €405,000 | €90,000 | €95,500 | €613,725 | ▲ 543% |
| Income from current assets751 | - | €2,946 | €8,952 | €1,842 | €7,494 | ▲ 307% |
| Financial charges65/66B | - | €22,206 | €10,706 | €16,861 | €9,016 | ▼ 46.5% |
| Recurring financial charges65 | €31,275 | €22,206 | €10,706 | €7,842 | €9,016 | ▲ 15.0% |
| Debt charges650 | €30,591 | €21,480 | €10,023 | €7,228 | €8,252 | ▲ 14.2% |
| Other financial charges652/9 | - | €727 | €684 | €614 | €764 | ▲ 24.5% |
| Non-recurring financial charges66B | - | - | - | €9,019 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €115,891 | €394,471 | €107,717 | €62,031 | €666,874 | ▲ 975% |
| Income taxes67/77 | -€672 | €671 | €744 | -€16 | €5,700 | ▲ 36,874% |
| Taxes670/3 | - | €700 | €750 | €0 | €5,700 | - |
| Tax adjustments and reversals of tax provisions77 | - | €29 | €6 | €16 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €116,563 | €393,799 | €106,973 | €62,046 | €661,174 | ▲ 966% |
| Profit (loss) for the period to be appropriated9905 | €116,563 | €393,799 | €106,973 | €62,046 | €661,174 | ▲ 966% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.7m | €6.0m | €5.4m | €6.0m | €6.7m | ▲ 11.4% |
| Fixed assets21/28 | €5.7m | €5.8m | €5.3m | €5.8m | €6.5m | ▲ 10.7% |
| Tangible fixed assets22/27 | €407,347 | €401,696 | €387,401 | €773,107 | €758,928 | ▼ 1.8% |
| Land and buildings22 | - | €290,621 | €278,160 | €665,699 | €653,238 | ▼ 1.9% |
| Furniture and vehicles24 | - | €7,536 | €5,703 | €3,869 | €2,151 | ▼ 44.4% |
| Other tangible fixed assets26 | - | €103,539 | €103,539 | €103,539 | €103,539 | = |
| Financial fixed assets28 | €5.3m | €5.4m | €5.0m | €5.1m | €5.7m | ▲ 12.7% |
| Affiliated companies280/1 | - | €5.3m | €5.0m | €5.1m | €5.6m | ▲ 10.4% |
| Participating interests280 | - | €5.3m | €5.0m | €5.1m | €5.6m | ▲ 10.4% |
| Companies linked by participating interests282/3 | - | - | - | - | €115,000 | - |
| Participating interests282 | - | - | - | - | €115,000 | - |
| Other financial fixed assets284/8 | - | €122,323 | €0 | - | - | - |
| Shares284 | - | €122,323 | €0 | - | - | - |
| Current assets29/58 | €30,314 | €177,682 | €97,203 | €146,138 | €200,975 | ▲ 37.5% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €22,710 | €122,721 | €0 | €104,547 | €155,041 | ▲ 48.3% |
| Trade receivables40 | - | €0 | - | - | - | - |
| Other amounts receivable41 | - | €122,721 | €0 | €104,547 | €155,041 | ▲ 48.3% |
| Cash at bank and in hand54/58 | €7,468 | €54,825 | €97,065 | €41,438 | €43,648 | ▲ 5.3% |
| Deferred charges and accrued income490/1 | - | €136 | €138 | €153 | €2,285 | ▲ 1,397% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.7m | €6.0m | €5.4m | €6.0m | €6.7m | ▲ 11.4% |
| Equity10/15 | €4.1m | €4.7m | €5.1m | €5.2m | €6.1m | ▲ 17.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | - | €3.7m | €4.2m | €4.4m | €4.9m | ▲ 12.3% |
| Reserves13 | €32,505 | €32,505 | €32,505 | €32,505 | €32,505 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €3,805 | €3,805 | €3,805 | €3,805 | = |
| Distributable reserves133 | - | €22,500 | €22,500 | €22,500 | €22,500 | = |
| Profit (loss) carried forward14 | €528,121 | €921,921 | €778,894 | €690,940 | €1.1m | ▲ 54.4% |
| Amounts payable17/49 | €1.6m | €1.3m | €338,637 | €801,231 | €565,714 | ▼ 29.4% |
| Amounts payable after more than one year17 | €1.3m | €30,834 | €0 | - | - | - |
| Financial debts170/4 | - | €30,834 | €0 | - | - | - |
| Credit institutions173 | - | €30,834 | €0 | - | - | - |
| Amounts payable within one year42/48 | €254,633 | €1.3m | €338,637 | €801,231 | €565,714 | ▼ 29.4% |
| Current portion of amounts payable after more than one year42 | - | €1.3m | €30,834 | €0 | - | - |
| Trade debts44 | €1,636 | €2,550 | €3,075 | €1,772 | €1,803 | ▲ 1.8% |
| Suppliers440/4 | - | €2,550 | €3,075 | €1,772 | €1,803 | ▲ 1.8% |
| Taxes, remuneration and social security45 | - | - | €75,000 | €0 | €1,200 | - |
| Taxes450/3 | - | - | €75,000 | €0 | €1,200 | - |
| Other amounts payable47/48 | - | €0 | €229,728 | €799,460 | €562,712 | ▼ 29.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,563 | €393,799 | €106,973 | €62,046 | €661,174 | ▲ 966% |
| + Depreciation and write-downs630 | €16,357 | €14,108 | €14,294 | €59,494 | €14,152 | ▼ 76.2% |
| Operating cash flow (approximation) | €132,920 | €407,908 | €121,268 | €121,541 | €675,327 | ▲ 456% |
| Investment in fixed assets (approximation) | - | -€168,457 | €459,000 | -€548,200 | -€639,865 | ▼ 16.7% |
| Change in cash | - | €47,357 | €42,240 | -€55,627 | €2,210 | ▲ 104% |
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
2026
14-01
State Gazette act
Capital & shares · RestructuringDemerger · Capital increase · Share issue6 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Capital increase · Share issue6 facts ▸
- General meeting, 11-12-2025
- Demerger, 11-12-2025
- Capital increase, €13.648,17
- Share issue, volledig volgestorte aandelen zonder aanduiding van nominale waarde, 7275
- Statutes amendment
- Inbreng in natura, tussentijdse toestand, EUR
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €661,174 ▲966%
Operating result €54,672, net result €661,174, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €62,046 ▼42%
Net result drops to €62,046, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €5mEq €5.1m ▲9.2%
5 profitable years in a row build equity to €5.1m.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · consolidated
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · consolidated
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · consolidated
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zwevegem · 1 establishment unit since 2000
Ground area
9,862 m²
Building footprint
396 m²
Volume, LiDAR
2,075 m³
Parcel 34034F0512/00E000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ter Klare(S) 23-25, 8554 Zwevegem
since 20002.100.766.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34034F0512/00E000 | Flanders | 9,862 m² | 1 · 395 m² | 9.5 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.
Structure & network
Owners and holdings
4 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 4
-
100%
-
100%
-
100%
-
50%
According to the 2024 annual accounts of ARHOL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionDemerger with:BELLINCO
Capital and shareholders
Capital over the years
- 14-01-2026 Capital increase of 13,648.17 EUR · to 75,648.17 EUR · 7,275 new shares
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Of 1,638 companies in sector 46170 we hold annual accounts for 669. 108 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471449197
Also
9925:BE0471449197
Registered
25-07-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.