ARICIGILER
ActiveSummary
The computed 12-month bankruptcy probability of ARICIGILER is 3.1% (moderate). The 2025 annual accounts show negative equity (-€238) and a net result of €664. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 18606 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability22▲+8
Solvency24▲+2
Growth58=
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 35.35 against 70.46 in 2024; short-term debt: 2.8% and cash: 28.3% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 →
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 2025Solvency, return and age of the figures
Solvency
-1%
Return on assets
2.7%
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 22% of 18606 sector peers (2025).
NBB · sector comparisonPosition among 18606 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-02-2026, 165 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
165 d early
2024
111 d early
2023
36 d late
2022
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 30 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 24 June (3 of the last 4 filed years within 128 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€238▲ 73.6%
2024 · -€902
Total assets
€24,699▼ 8.9%
2024 · €27,122
Net result
€664
2024 · -€1,138
Working capital
€23,596▼ 9.0%
2024 · €25,916
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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
Line2022202320242025
Operating result-€1,766-€87-€2,226-€1,230▲ 44.7%
Net result-€1,791within the sector's middle half-€27within the sector's middle half-€1,138within the sector's middle half€664within the sector's middle half
Equity€209below the sector's middle half-€236below the sector's middle half▲ 12.9%-€902below the sector's middle half-€238below the sector's middle half▲ 73.6%
Total assets€47,912below the sector's middle half-€34,487below the sector's middle half▼ 28.0%€27,122below the sector's middle half▼ 21.4%€24,699below the sector's middle half▼ 8.9%
Debt€47,703-€34,251▼ 28.2%€28,024▼ 18.2%€24,937▼ 11.0%
Working capital€36,520within the sector's middle half-€32,445within the sector's middle half▼ 11.2%€25,916within the sector's middle half▼ 20.1%€23,596within the sector's middle half▼ 9.0%
Solvency0.4%below the sector's middle half-0.7%below the sector's middle half▲ 0.2pp-3.3%below the sector's middle half▼ 4.0pp-1.0%below the sector's middle half▲ 2.4pp
Current ratio4.75above the sector's middle half-41.91above the sector's middle half▲ 37.1670.46above the sector's middle half▲ 28.5535.35above the sector's middle half▼ 35.11
Return on assets (ROA)-3.7%below the sector's middle half-0.1%within the sector's middle half▲ 3.8pp-4.2%below the sector's middle half▼ 4.3pp2.7%within the sector's middle half▲ 6.9pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail 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 stays negative: a loss of €1,230 in 2025 against €2,226 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24,699
Fixed assets
€416 ▼ 50.0%
Current assets
€24,283 ▼ 7.6%
Key figures and ratios
EBITDA
-€814▲
2024 · -€1,810
Cash flow
€1,080▲
2024 · -€722
Quick ratio
10.19▲
2024 · 8.93
Interest coverage
-8.60▲
2024 · -40.17
Debt ≤ 1 year
€687▲
2024 · €373
Debt > 1 year
€24,251▼
2024 · €27,651
Equity ratios withheld: equity of -€238 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 906 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
6.1%
went bankrupt
4.1%
stopped otherwise
89%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 906 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €416 | €416 | €416 | €416 | = |
| Other operating charges640/8 | - | - | €536 | €400 | ▼ 25.4% |
| Gross operating margin9900 | -€1,350 | €503 | -€1,274 | -€414 | ▲ 67.5% |
| Operating profit (loss)9901 | -€1,766 | €87 | -€2,226 | -€1,230 | ▲ 44.7% |
| Financial income75/76B | €0 | - | €1,133 | €1,988 | ▲ 75.5% |
| Recurring financial income75 | €0 | - | €1,133 | €1,988 | ▲ 75.5% |
| Financial charges65/66B | €25 | €60 | €45 | €95 | ▲ 110% |
| Recurring financial charges65 | €25 | €60 | €45 | €95 | ▲ 110% |
| Profit (loss) for the period before taxes9903 | -€1,791 | €27 | -€1,138 | €664 | ▲ 158% |
| Profit (loss) for the period9904 | -€1,791 | €27 | -€1,138 | €664 | ▲ 158% |
| Profit (loss) for the period to be appropriated9905 | -€1,791 | €27 | -€1,138 | €664 | ▲ 158% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €47,912 | €34,487 | €27,122 | €24,699 | ▼ 8.9% |
| Fixed assets21/28 | €1,665 | €1,249 | €832 | €416 | ▼ 50.0% |
| Intangible fixed assets21 | €1,665 | €1,249 | €832 | €416 | ▼ 50.0% |
| Current assets29/58 | €46,247 | €33,238 | €26,289 | €24,283 | ▼ 7.6% |
| Stocks and contracts in progress3 | €33,524 | €26,730 | €22,957 | €17,283 | ▼ 24.7% |
| Stocks30/36 | €33,524 | €26,730 | €22,957 | €17,283 | ▼ 24.7% |
| Amounts receivable within one year40/41 | €2,104 | €49 | €50 | - | - |
| Trade receivables40 | €1,326 | - | - | - | - |
| Other amounts receivable41 | €778 | €49 | €50 | - | - |
| Cash at bank and in hand54/58 | €10,619 | €6,459 | €3,283 | €7,000 | ▲ 113% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €47,912 | €34,487 | €27,122 | €24,699 | ▼ 8.9% |
| Equity10/15 | €209 | €236 | -€902 | -€238 | ▲ 73.6% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€1,791 | -€1,764 | -€2,902 | -€2,238 | ▲ 22.9% |
| Amounts payable17/49 | €47,703 | €34,251 | €28,024 | €24,937 | ▼ 11.0% |
| Amounts payable after more than one year17 | €37,976 | €33,458 | €27,651 | €24,251 | ▼ 12.3% |
| Financial debts170/4 | €37,976 | €33,458 | €27,651 | €24,251 | ▼ 12.3% |
| Amounts payable within one year42/48 | €9,727 | €793 | €373 | €687 | ▲ 84.1% |
| Trade debts44 | €9,727 | €793 | €96 | €78 | ▼ 18.4% |
| Suppliers440/4 | €9,727 | €793 | €96 | €78 | ▼ 18.4% |
| Taxes, remuneration and social security45 | €0 | - | €278 | €609 | ▲ 119% |
| Taxes450/3 | €0 | - | €278 | €609 | ▲ 119% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,791 | €27 | -€1,138 | €664 | ▲ 158% |
| + Depreciation and write-downs630 | €416 | €416 | €416 | €416 | = |
| Operating cash flow (approximation) | -€1,375 | €443 | -€722 | €1,080 | ▲ 250% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | ▼ 100% |
| Change in cash | - | -€4,160 | -€3,176 | €3,717 | ▲ 217% |
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
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €664
Net result €664 after one loss-making year.
11-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
31-12
Financial
Back to profitnet €27
Net result €27 after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 41.91
Current ratio from 4.75 to 41.91; short-term debt falls from €9,727 to €793.
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 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, Grimbergen · 2 establishment units since 2021
Ground area
621 m²
Building footprint
290 m²
Volume, LiDAR
1,758 m³
2 parcels, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
ARICIGILER
since 20212.321.658.574
de Villegas de Clercampstraat 21, 1853 Grimbergen
since 20222.337.585.182
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0543/00Z000 | Flanders | 376 m² | 1 · 110 m² | 10.2 m · 3 fl. |
| 23084A0163/06F000 | Flanders | 245 m² | 1 · 180 m² | 9.7 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGrimbergen2.337.585.182
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Of 1,046 companies in sector 47559 we hold annual accounts for 350. 15 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
Founded06-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47559Retail sale of other household articles
47242Retail sale of chocolate and confectionery
Contact
E-mail
tayfunarici@hotmail.beGrimbergen
Phone
0487644860Grimbergen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770795553
Also
9925:BE0770795553
Registered
11-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.