ARJI
ActiveSummary
ARJI has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €51,187. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 89% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+47
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 6.79 against 5.74 in 2024; short-term debt: 13.9% and cash: 37.2% of total assets), and 13.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.1%
Return on assets
4%
Age of the figures
9 mo
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 · 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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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
14 d late
2024
41 d late
2023
6 d early
2022
14 d late
2021
20 d late
2020
26 d late
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after 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 (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 14 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 employer in Hamme, Wholesale and retail trade sector
Equity
€1.1m▼ 4.4%
2024 · €1.2m
Total assets
€1.3m▼ 7.5%
2024 · €1.4m
Net result
€51,187
2024 · -€4,397
Working capital
€1.0m▼ 5.5%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Line20212022202320242025
Operating result-€777▼ 3.3%-€797▼ 2.5%€6,217-€19,088€53,290
Net result-€801within the sector's middle half▼ 3.5%-€821within the sector's middle half▼ 2.5%€4,458within the sector's middle half-€4,397below the sector's middle half€51,187within the sector's middle half
Equity-€37,681below the sector's middle half▼ 2.2%-€38,501below the sector's middle half▼ 2.2%€1.3mabove the sector's middle half€1.2mwithin the sector's middle half▼ 9.8%€1.1mabove the sector's middle half▼ 4.4%
Total assets€4,565below the sector's middle half▼ 23.0%€4,131below the sector's middle half▼ 9.5%€1.6mwithin the sector's middle half▲ 39,184%€1.4mwithin the sector's middle half▼ 14.6%€1.3mwithin the sector's middle half▼ 7.5%
Debt€42,246▼ 1.3%€42,633▲ 0.9%€342,099▲ 702%€230,341▼ 32.7%€177,863▼ 22.8%
Working capital-€37,681below the sector's middle half▼ 2.2%-€38,501below the sector's middle half▼ 2.2%€1.2mabove the sector's middle half€1.1mabove the sector's middle half▼ 9.5%€1.0mabove the sector's middle half▼ 5.5%
Solvency78.9%above the sector's middle half83.4%above the sector's middle half▲ 4.5pp86.1%above the sector's middle half▲ 2.8pp
Current ratio4.52above the sector's middle half5.74above the sector's middle half▲ 1.236.79above the sector's middle half▲ 1.04
Return on assets (ROA)0.3%within the sector's middle half-0.3%below the sector's middle half▼ 0.6pp4.0%within the sector's middle half▲ 4.3pp
Staff (FTE)3.9within the sector's middle half13.2above the sector's middle half▲ 238%14.8above the sector's middle half▲ 12.1%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €53,290 after a loss of €19,088 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€75,708 ▲ 12.8%
Current assets
€1.2m ▼ 8.5%
Equity and liabilities €1.3m
Equity
€1.1m ▼ 4.4%
Debt
€177,863 ▼ 22.8%
Debt's share of the balance-sheet total falls from 16.6% to 13.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€74,096▲
2024 · €1,603
Cash flow
€71,993▲
2024 · €16,293
Quick ratio
4.67▲
2024 · 3.91
Debt to equity
0.16▼
2024 · 0.20
ROE
4.6%▲
2024 · -0.4%
Interest coverage
140.26▲
2024 · 1.02
Debt ≤ 1 year
€177,863▼
2024 · €229,566
Income taxes
€18,395▲
2024 · €483
Staff costs
€337,041▼
2024 · €338,096
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 14,733 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €86,760 | €338,096 | €337,041 | ▼ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €7,720 | €20,690 | €20,806 | ▲ 0.6% |
| Other operating charges640/8 | €575 | €566 | €4,889 | €9,076 | €11,202 | ▲ 23.4% |
| Non-recurring operating charges66A | - | - | - | €25,174 | - | - |
| Gross operating margin9900 | -€203 | -€231 | €105,585 | €373,948 | €422,339 | ▲ 12.9% |
| Operating profit (loss)9901 | -€777 | -€797 | €6,217 | -€19,088 | €53,290 | ▲ 379% |
| Financial income75/76B | - | - | €1,246 | €16,746 | €16,820 | ▲ 0.4% |
| Recurring financial income75 | - | - | €1,246 | €16,746 | €16,820 | ▲ 0.4% |
| Financial charges65/66B | €23 | €24 | €258 | €1,572 | €528 | ▼ 66.4% |
| Recurring financial charges65 | €23 | €24 | €258 | €1,572 | €528 | ▼ 66.4% |
| Profit (loss) for the period before taxes9903 | -€801 | -€821 | €7,205 | -€3,914 | €69,582 | ▲ 1,878% |
| Income taxes67/77 | - | - | €2,747 | €483 | €18,395 | ▲ 3,707% |
| Profit (loss) for the period9904 | -€801 | -€821 | €4,458 | -€4,397 | €51,187 | ▲ 1,264% |
| Profit (loss) for the period to be appropriated9905 | -€801 | -€821 | €4,458 | -€4,397 | €51,187 | ▲ 1,264% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,565 | €4,131 | €1.6m | €1.4m | €1.3m | ▼ 7.5% |
| Fixed assets21/28 | - | - | €76,786 | €67,105 | €75,708 | ▲ 12.8% |
| Tangible fixed assets22/27 | - | - | €74,286 | €64,605 | €73,208 | ▲ 13.3% |
| Land and buildings22 | - | - | €14,010 | €16,892 | €15,225 | ▼ 9.9% |
| Plant, machinery and equipment23 | - | - | €1,206 | €6,035 | €32,700 | ▲ 442% |
| Furniture and vehicles24 | - | - | €59,070 | €41,678 | €25,282 | ▼ 39.3% |
| Financial fixed assets28 | - | - | €2,500 | €2,500 | €2,500 | = |
| Current assets29/58 | €4,565 | €4,131 | €1.5m | €1.3m | €1.2m | ▼ 8.5% |
| Stocks and contracts in progress3 | - | - | €436,277 | €421,175 | €376,901 | ▼ 10.5% |
| Stocks30/36 | - | - | €436,277 | €421,175 | €376,901 | ▼ 10.5% |
| Amounts receivable within one year40/41 | - | - | €4,842 | €114,604 | €45,435 | ▼ 60.4% |
| Trade receivables40 | - | - | €4,842 | €20,211 | €24,349 | ▲ 20.5% |
| Other amounts receivable41 | - | - | - | €94,393 | €21,086 | ▼ 77.7% |
| Current investments50/53 | - | - | - | €300,000 | €300,000 | = |
| Cash at bank and in hand54/58 | €4,565 | €4,131 | €1.1m | €469,313 | €476,869 | ▲ 1.6% |
| Deferred charges and accrued income490/1 | - | - | €3,104 | €13,715 | €7,707 | ▼ 43.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,565 | €4,131 | €1.6m | €1.4m | €1.3m | ▼ 7.5% |
| Equity10/15 | -€37,681 | -€38,501 | €1.3m | €1.2m | €1.1m | ▼ 4.4% |
| Contributions10/11 | €18,600 | €18,600 | €428,273 | €428,273 | €428,273 | = |
| Reserves13 | - | - | €852,603 | €727,298 | €676,486 | ▼ 7.0% |
| Non-distributable reserves130/1 | - | - | €36,727 | €36,727 | €36,727 | = |
| Reserves not available under the articles1311 | - | - | €36,727 | €36,727 | €36,727 | = |
| Tax-exempt reserves132 | - | - | €24,802 | €24,802 | €24,802 | = |
| Distributable reserves133 | - | - | €791,074 | €665,769 | €614,957 | ▼ 7.6% |
| Profit (loss) carried forward14 | -€56,281 | -€57,101 | - | - | - | - |
| Amounts payable17/49 | €42,246 | €42,633 | €342,099 | €230,341 | €177,863 | ▼ 22.8% |
| Amounts payable within one year42/48 | €42,246 | €42,633 | €342,099 | €229,566 | €177,863 | ▼ 22.5% |
| Trade debts44 | €257 | €644 | €9,379 | €37,329 | €64,230 | ▲ 72.1% |
| Suppliers440/4 | €257 | €644 | €9,379 | €37,329 | €64,230 | ▲ 72.1% |
| Advances received on contracts in progress46 | - | - | - | - | €1,690 | - |
| Taxes, remuneration and social security45 | - | - | €32,138 | €71,330 | €59,943 | ▼ 16.0% |
| Taxes450/3 | - | - | €12,265 | €37,333 | €34,269 | ▼ 8.2% |
| Remuneration and social security454/9 | - | - | €19,873 | €33,997 | €25,674 | ▼ 24.5% |
| Other amounts payable47/48 | €41,989 | €41,989 | €300,582 | €120,907 | €52,000 | ▼ 57.0% |
| Accrued charges and deferred income492/3 | - | - | - | €775 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€801 | -€821 | €4,458 | -€4,397 | €51,187 | ▲ 1,264% |
| + Depreciation and write-downs630 | - | - | €7,720 | €20,690 | €20,806 | ▲ 0.6% |
| Operating cash flow (approximation) | -€801 | -€821 | €12,179 | €16,293 | €71,993 | ▲ 342% |
| Investment in fixed assets (approximation) | - | - | - | -€11,009 | -€29,409 | ▼ 167% |
| Change in cash | - | -€434 | €1.1m | -€632,652 | €7,557 | ▲ 101% |
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
31-12
Financial
Back to profitnet €51,187
Net result €51,187 after one loss-making year.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 41 days late
2024
31-12
Financial
Weakest financial yearnet -€4,397
Net result drops to -€4,397, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €4,458
Net result €4,458 after 5 loss-making years.
31-12
Financial
Liquidity times 47current ratio 4.52
Current ratio from 0.10 to 4.52.
31-12
Financial
Equity above €1mEq €1.3m
Equity rises from -€38,501 to €1.3m.
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
Show earlier events
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Hamme (Vl.) · 1 establishment unit since 2004
Ground area
1.1 ha
Building footprint
6,230 m²
Volume, LiDAR
9,055 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARJI
since 20042.137.298.493
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1217/00B000 | Flanders | 8,865 m² | 1 · 4,125 m² | - |
| 42452C1071/00L002 | Flanders | 2,366 m² | 1 · 2,105 m² | 8.4 m · 2 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.
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Of 332 companies in sector 46492 we hold annual accounts for 240. 161 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
Founded10-05-2004
Fiscal year end31-12
Trade name NL
VANSTOCKES
Activities, NACEBEL 2025
46492Wholesale trade
47621Retail sale of newspapers and periodicals
46150Agents in the wholesale of furniture, household goods and hardware
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865198230
Also
9925:BE0865198230
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.