Equity
-€4,172
Debts exceed assets in financial year 2025.
ARISINGSTER
Lifetime
13 annual accounts with figures on one time axispeak €81,318 (2022)
€27,130▲ 0.4%
lowest -€28,886 (2023)
-€9,711▲ €9,005
peak €53,680 (2021)
-€4,172▼ €9,711
€45,437▼ 4.1%
peak 0.3 FTE (2020)
-not published
Board2 names since 2021
1 directorCHIU Ming-Chieh
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Loss of €9,711Equity from €5,540 to -€4,172
Key points
from the 2025 annual accountsLosses
-€57,851 in four years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€45,437 110% of the balance sheet
Financial debts 18%Suppliers 8%Taxes and wages 24%Other 50%
Of this, €37,157 falls due within a year.
Liquidity
0.95 was 1.50 in 2024
Short-term debts rose from €29,712 to €37,157.
Filings
13 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-10.1%
Lower solvency than 82% of companies in wholesale trade. Sector median 40.4% · 13,805 companies.
Checked score
52
Fair
Financially stronger than 12% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.3%
01-2025: 4.2%▼ -0.1 percentage points vs 12-2024
02-2025: 4.2%● unchanged vs 01-2025
03-2025: 4.1%▼ -0.1 percentage points vs 02-2025
04-2025: 4.4%▲ +0.3 percentage points vs 03-2025
05-2025: 4.3%▼ -0.1 percentage points vs 04-2025
06-2025: 4.2%▼ -0.1 percentage points vs 05-2025
07-2025: 4.5%▲ +0.3 percentage points vs 06-2025
08-2025: 4.7%▲ +0.2 percentage points vs 07-2025
09-2025: 4.9%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 2.8%▼ -2.1 percentage points vs 09-2025
11-2025: 2.8%● unchanged vs 10-2025
12-2025: 2.8%● unchanged vs 11-2025
01-2026: 2.7%▼ -0.1 percentage points vs 12-2025
02-2026: 2.7%● unchanged vs 01-2026
03-2026: 2.7%● unchanged vs 02-2026
04-2026: 2.8%▲ +0.1 percentage points vs 03-2026
05-2026: 2.8%● unchanged vs 04-2026
06-2026: 2.7%▼ -0.1 percentage points vs 05-2026
07-2026: 1.5%▼ -1.2 percentage points vs 06-2026lowest value
08-2026: 1.8%▲ +0.3 percentage points vs 07-2026
09-2026: 1.9%▲ +0.1 percentage points vs 08-2026
10-2026: 2.0%▲ +0.1 percentage points vs 09-2026
11-2026: 2.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
Loss of €9,711, the second in a row (financial year 2025)
Negative equity -€4,172
lowers risk
Size: total assets €41,266
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 14% of them on solvency, 26% on liquidity, 6% on profitability and 3% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as ARISINGSTER has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARISINGSTER itself: 2.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for ARISINGSTER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.95 (1.5 in 2024), below 1. Short-term debt is 90% and cash 22.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€4,172
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
61 days late
2023
54 days late
2022
65 days late
2021
60 days late
2020
89 days late
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 56 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0537549254
Change of role: CHIU Jérémie, from manager to director
“Porcelaine; Consultant; Holding; Immobiliers; Mandatsadministrateur; Conseilengestion; Articlesdebroderie” (deed in French) · Director discharge: CHIU Jérémie · General meeting of 08-12-2023 · Gazette deed
Registered office moved from Wemmel to Waterloo
New registered office: Avenue de Versailles 4, 1410 Waterloo · Previous registered office: De Limburg Stirumlaan 176, 1780 Wemmel · General meeting of 02-07-2018 · Gazette deed
Incorporation
published on 29-08-2013 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARISINGSTER Waterloo | €41,266 | €27,130 | -10.1% | - |
| AVIGO Zutendaal | €43,729 | €21,443 | 42.4% | - |
| MOBIPHIL Ath | €33,051 | €28,601 | 53.8% | - |
| SEBCHA Braine-le-Château | €52,965 | €31,082 | 42.0% | - |
| CLAUDE Lievegem | €42,381 | €22,991 | 62.4% | - |
| HADDOCK INSTRUMENTS Brecht | €50,257 | €29,530 | 97.2% | - |
| La Maroquinerie Ixelles | €54,893 | €17,927 | 6.8% | - |
These companies have the same main activity as ARISINGSTER: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €33,100 and €54,900, founded between 2009 and 2016.
Official details
Source: KBO- Status
- Active since 20-08-2013Normal situation
- Activity
- Agents in non-specialised wholesale tradeNACE 46190and 3 others
- Establishment unit
- 2.221.948.3161410 Waterloo, since 20-08-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €120,000estimated
- €41,266▼ 22.0%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 30-09-2026
Insights on ARISINGSTER
ARISINGSTER files the micro format. That format states no turnover. The gross margin fell from €54,060 in 2013 to €27,130 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARISINGSTER
- What is the company number of ARISINGSTER?
- The company number of ARISINGSTER is 0537.549.254. The VAT number is the same number with BE in front: BE 0537.549.254.
- Where is ARISINGSTER based?
- The registered office is at Avenue des Vallons 40, 1410 Waterloo.Company details
- What does ARISINGSTER do?
- According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
- What is the legal form of ARISINGSTER?
- ARISINGSTER is a private limited company (pre-2019) (BVBA).
- When was ARISINGSTER founded?
- ARISINGSTER was founded on 20-08-2013.
- Is ARISINGSTER still active?
- Yes, ARISINGSTER is an active enterprise in the KBO register.
- How many employees does ARISINGSTER have?
- ARISINGSTER had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ARISINGSTER?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €27,130 and 38 comparable companies (NACE 461). It probably lies between €74,000 and €300,000.
- Is ARISINGSTER profitable?
- In financial year 2025, ARISINGSTER made a loss of €9,711.
- Where can I find the annual accounts of ARISINGSTER?
- ARISINGSTER filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARISINGSTER due?
- ARISINGSTER must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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