ARISAN
ActiveThe computed 12-month bankruptcy probability of ARISAN is 2.5% (moderate). The 2025 annual accounts show negative equity (€-6k) and a net result of €-14k. Equity is shrinking by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 18024 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
7
/ 100
Critical▼ -18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency36▲+22
Growth32=
Stability100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.93 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 · 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
-9.3%
Return on assets
-21.6%
Age of the figures
8 mo
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
1 d early
2022
60 d late
2021
17 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-6k
2024 · €8k
2021: €11k
2022: €11k
2023: €10k
2024: €8k
2021 → 2025
Total assets
€66k▼ 50.8%
2024 · €134k
2021: €41k
2022: €56k
2023: €106k
2024: €134k
2021 → 2025
Net result
€-14k▼ 514%
2024 · €-2k
2021: €12k
2022: €917
2023: €-606
2024: €-2k
2021 → 2025
Working capital
€-24k▼ 219%
2024 · €-8k
2021: €-9k
2022: €-6k
2023: €-12k
2024: €-8k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€11k▲ 1.1%€10k▼ 5.5%€8k▼ 22.3%€-6k
Operating result€17k-€3k▼ 80.0%€4k▲ 34.9%€527▼ 88.2%€-12k
Net result€12k-€917▼ 92.1%€-606€-2k▼ 282%€-14k▼ 514%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12k after €527 in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66k
Fixed assets
€29k▼ 13.1%
Current assets
€37k▼ 63.2%
Key figures and ratios
EBITDA
€-1k▼
2024 · €11k
Cash flow
€-4k▼
2024 · €9k
Solvency
-9.3%▼
2024 · 6.1%
Current ratio
0.60▼
2024 · 0.93
Quick ratio
0.46▼
2024 · 0.70
Debt / equity
-11.74▼
2024 · 15.53
ROE
232.2%▲
2024 · -28.6%
ROA
-21.6%▼
2024 · -1.7%
Interest coverage
-0.41▼
2024 · 4.13
Debt
€72k▼
2024 · €126k
Debt ≤ 1 year
€61k▼
2024 · €108k
Debt > 1 year
€10k▼
2024 · €17k
Income taxes
€-18▼
2024 · €233
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€134k€66k▼
Fixed assets21/28€33k€29k▼
Tangible fixed assets22/27€29k€25k▼
Furniture and vehicles24€4k€7k▲
Leasing and similar rights25€26k€18k▼
Financial fixed assets28€4k€4k=
Current assets29/58€101k€37k▼
Stocks and contracts in progress3€25k€9k▼
Stocks30/36€25k€9k▼
Amounts receivable within one year40/41€64k€17k▼
Trade receivables40€62k€16k▼
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€9k€10k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€134k€66k▼
Equity10/15€8k€-6k▼
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14-€-14k
Amounts payable17/49€126k€72k▼
Amounts payable after more than one year17€17k€10k▼
Financial debts170/4€17k€10k▼
Amounts payable within one year42/48€108k€61k▼
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€66k€17k▼
Suppliers440/4€66k€17k▼
Taxes, remuneration and social security45€26k€28k▲
Taxes450/3€13k€17k▲
Remuneration and social security454/9€14k€10k▼
Other amounts payable47/48€10k€10k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€15k€2k▼
Operating profit (loss)9901€527€-12k▼
Financial income75/76B€168€14▼
Recurring financial income75€168€14▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-2k€-14k▼
Income taxes67/77€233€-18▼
Profit (loss) for the period9904€-2k€-14k▼
Profit (loss) for the period to be appropriated9905€-2k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-14k▼
Transfer from equity791/2€2k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-01-2026
Resigned as Director
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2020
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.
Roskamstraat 409820 Merelbeke-MelleGround area
568 m²
Building footprint
158 m²
Volume, LiDAR
703 m³
Parcel 44412C0055/00F000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ARISAN
since 20202.298.396.984
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412C0055/00F000 | Flanders | 568 m² | 1 · 158 m² | 6.5 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMerelbeke-Melle2.298.396.984
Similar companies · same sector, comparable size
L'ESPERANCE
BE 0440.449.878
Brussel · Eq €8k
DARKOM
BE 0828.848.469
Geel · Eq €8k
EURO COMFORT DESIGN
BE 0460.760.193
Antwerpen · Eq €8k
HENRY'S INTERIORS
BE 0894.852.318
Gent · Eq €8k
VERPIE
BE 0888.665.104
Deinze · Eq €8k
Of 2,588 companies in sector 47551 we hold annual accounts for 1,701. 576 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2020
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
31001Manufacture of furniture
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
31009Manufacture of furniture
43230Insulation installation
43310Plastering work
43320Joinery installation
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43350Other building finishing work
43990Other specialised construction activities
47512Retail sale of household textiles and bedding
49410Freight transport by road
52250Logistics services
52290Warehousing and support activities for transportation
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.