ARLEQUIN
ActiveSummary
ARLEQUIN has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,932 and a net result of -€18,222. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 67% of 10645 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
What stands out
Overview
Accounts filed 25 d late0 of 3 deeds read
Why 43- Higher-failure-rate region- Higher-failure-rate sector- Multiple establishment units- Annual accounts: weaker financial profile- Persistent losses+ Long track recordFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-12
Solvency79▼-9
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.16 against 2.72 in 2024; short-term debt: 46.3% and cash: 2.2% of total assets), and 46.3% of the assets are financed with debt.
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Signals
Seven 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
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
53.7%
Return on assets
-18.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€18,222
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
27 d late
2023
61 d late
2022
120 d late
2021
38 d early
2020
5 d early
2019
27 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 31 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 27 August (4 of the last 5 filed years within 65 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Weakest financial yearnet -€18,222
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €96,669Loss -€18,222Solvency 53.7%Liquidity 2.16
Total assets
€96,669▼ 12.9%
2018 - 2025
Net result
-€18,222▼ 60.3%
2018 - 2025
Equity
€51,932▼ 26.0%
2018 - 2025
Solvency
53.7%▼ 9.5pp
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,486▼ 26.7%-€84-€4,441▼ 5,209%-€9,083▼ 105%-€16,762▼ 84.5%
Net result€10,066within the sector's middle half▼ 28.1%-€785within the sector's middle half-€4,525within the sector's middle half▼ 476%-€11,371below the sector's middle half▼ 151%-€18,222below the sector's middle half▼ 60.3%
Equity€86,835within the sector's middle half▲ 13.1%€86,050within the sector's middle half▼ 0.9%€81,525within the sector's middle half▼ 5.3%€70,155within the sector's middle half▼ 13.9%€51,932below the sector's middle half▼ 26.0%
Total assets€106,493below the sector's middle half▲ 3.2%€103,857within the sector's middle half▼ 2.5%€108,356within the sector's middle half▲ 4.3%€110,991within the sector's middle half▲ 2.4%€96,669below the sector's middle half▼ 12.9%
Debt€19,658▼ 25.5%€17,807▼ 9.4%€26,831▲ 50.7%€40,837▲ 52.2%€44,737▲ 9.6%
Working capital€86,780within the sector's middle half▲ 13.4%€86,359above the sector's middle half▼ 0.5%€81,471within the sector's middle half▼ 5.7%€70,100within the sector's middle half▼ 14.0%€51,878within the sector's middle half▼ 26.0%
Solvency81.5%above the sector's middle half▲ 7.1pp82.9%above the sector's middle half▲ 1.3pp75.2%above the sector's middle half▼ 7.6pp63.2%above the sector's middle half▼ 12.0pp53.7%within the sector's middle half▼ 9.5pp
Current ratio5.41above the sector's middle half▲ 1.515.95above the sector's middle half▲ 0.544.04above the sector's middle half▼ 1.912.72within the sector's middle half▼ 1.322.16within the sector's middle half▼ 0.56
Return on assets (ROA)9.5%within the sector's middle half▼ 4.1pp-0.8%within the sector's middle half▼ 10.2pp-4.2%within the sector's middle half▼ 3.4pp-10.2%below the sector's middle half▼ 6.1pp-18.9%below the sector's middle half▼ 8.6pp
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.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,762 in 2025 against €9,083 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96,669
Fixed assets
€55 =
Current assets
€96,615 ▼ 12.9%
Equity and liabilities €96,669
Equity
€51,932 ▼ 26.0%
Debt
€44,737 ▲ 9.6%
Debt's share of the balance-sheet total rises from 36.8% to 46.3%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
Quick ratio
0.14▼
2024 · 0.45
Debt to equity
0.86▲
2024 · 0.58
ROE
-35.1%▼
2024 · -16.2%
Debt ≤ 1 year
€44,737▲
2024 · €40,837
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 85% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
85%
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 1.3% 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 497,341 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% | 1.8% |
| 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 5,834 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €175 | - | - | - | - | - |
| Other operating charges640/8 | €508 | €60 | €1,234 | €2,623 | €2,745 | ▲ 4.7% |
| Gross operating margin9900 | €12,169 | -€24 | -€3,207 | -€6,460 | -€14,017 | ▼ 117% |
| Operating profit (loss)9901 | €11,486 | -€84 | -€4,441 | -€9,083 | -€16,762 | ▼ 84.5% |
| Financial income75/76B | €184 | €184 | €1,635 | €197 | €1,043 | ▲ 429% |
| Recurring financial income75 | €184 | €184 | €1,635 | €197 | €1,043 | ▲ 429% |
| Financial charges65/66B | €1,604 | €885 | €1,718 | €2,485 | €2,504 | ▲ 0.8% |
| Recurring financial charges65 | €1,604 | €885 | €1,718 | €2,485 | €2,504 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €10,066 | -€785 | -€4,525 | -€11,371 | -€18,222 | ▼ 60.3% |
| Profit (loss) for the period9904 | €10,066 | -€785 | -€4,525 | -€11,371 | -€18,222 | ▼ 60.3% |
| Profit (loss) for the period to be appropriated9905 | €10,066 | -€785 | -€4,525 | -€11,371 | -€18,222 | ▼ 60.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106,493 | €103,857 | €108,356 | €110,991 | €96,669 | ▼ 12.9% |
| Fixed assets21/28 | €55 | €55 | €55 | €55 | €55 | = |
| Financial fixed assets28 | €55 | €55 | €55 | €55 | €55 | = |
| Current assets29/58 | €106,438 | €103,802 | €108,302 | €110,937 | €96,615 | ▼ 12.9% |
| Stocks and contracts in progress3 | €78,233 | €84,719 | €87,591 | €92,461 | €90,462 | ▼ 2.2% |
| Stocks30/36 | €78,233 | €84,719 | €87,591 | €92,461 | €90,462 | ▼ 2.2% |
| Amounts receivable within one year40/41 | €1,735 | €4,839 | €11,281 | €13,543 | €3,853 | ▼ 71.6% |
| Trade receivables40 | - | €541 | €9,736 | €11,808 | €2,117 | ▼ 82.1% |
| Other amounts receivable41 | €1,735 | €4,299 | €1,546 | €1,735 | €1,735 | = |
| Current investments50/53 | €1 | €1 | €1 | €1 | €1 | = |
| Cash at bank and in hand54/58 | €26,112 | €14,244 | €5,846 | €1,107 | €2,152 | ▲ 94.4% |
| Deferred charges and accrued income490/1 | €357 | - | €3,584 | €3,825 | €147 | ▼ 96.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106,493 | €103,857 | €108,356 | €110,991 | €96,669 | ▼ 12.9% |
| Equity10/15 | €86,835 | €86,050 | €81,525 | €70,155 | €51,932 | ▼ 26.0% |
| Contributions10/11 | €26,029 | €26,029 | €26,029 | €26,029 | €26,029 | = |
| Capital10 | €26,029 | €26,029 | €26,029 | - | - | - |
| Issued capital100 | €26,029 | €26,029 | €26,029 | - | - | - |
| Outside capital11 | - | - | - | €26,029 | €26,029 | = |
| Other1109/19 | - | - | - | €26,029 | €26,029 | = |
| Reserves13 | €26,875 | €26,875 | €26,875 | €26,875 | €26,875 | = |
| Non-distributable reserves130/1 | €2,603 | €2,603 | €2,603 | €2,603 | €2,603 | = |
| Reserves not available under the articles1311 | €2,603 | €2,603 | €2,603 | €2,603 | €2,603 | = |
| Distributable reserves133 | €24,272 | €24,272 | €24,272 | €24,272 | €24,272 | = |
| Profit (loss) carried forward14 | €33,931 | €33,146 | €28,621 | €17,251 | -€972 | ▼ 106% |
| Amounts payable17/49 | €19,658 | €17,807 | €26,831 | €40,837 | €44,737 | ▲ 9.6% |
| Amounts payable within one year42/48 | €19,658 | €17,444 | €26,831 | €40,837 | €44,737 | ▲ 9.6% |
| Current portion of amounts payable after more than one year42 | €10,000 | €9,698 | €10,000 | €10,000 | €13,000 | ▲ 30.0% |
| Financial debts43 | - | - | - | €4,491 | €5,448 | ▲ 21.3% |
| Credit institutions430/8 | - | - | - | €4,491 | €5,448 | ▲ 21.3% |
| Trade debts44 | €4,149 | €3,350 | €7,916 | €11,490 | €6,396 | ▼ 44.3% |
| Suppliers440/4 | €4,149 | €3,350 | €7,916 | €11,490 | €6,396 | ▼ 44.3% |
| Advances received on contracts in progress46 | - | - | - | €800 | - | - |
| Taxes, remuneration and social security45 | €2,708 | €4,395 | €6,414 | €5,555 | €4,443 | ▼ 20.0% |
| Taxes450/3 | €2,708 | €4,395 | €6,414 | €5,555 | €4,443 | ▼ 20.0% |
| Other amounts payable47/48 | €2,802 | - | €2,501 | €8,501 | €15,451 | ▲ 81.8% |
| Accrued charges and deferred income492/3 | - | €363 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,066 | -€785 | -€4,525 | -€11,371 | -€18,222 | ▼ 60.3% |
| + Depreciation and write-downs630 | €175 | - | - | - | - | - |
| Operating cash flow (approximation) | €10,241 | -€785 | -€4,525 | -€11,371 | -€18,222 | ▼ 60.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€11,868 | -€8,398 | -€4,739 | €1,045 | ▲ 122% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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IDPUB
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'T WINKELTJE
BE 0464.765.305
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S&N DREAMS
BE 0757.553.568
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Of 2,340 companies in this sector we hold annual accounts for 1,246. 1,102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
12 eventsLatest 25-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet -€18,222
Net result drops to -€18,222, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 120 days late
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €13,997 ▲145%
Operating result €15,664, net result €13,997, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Company details
Private limited company (pre-2019) · founded 11-06-1981Year ends 31-12Peppol reachable2 sites
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded11-06-1981
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
47792Retail sale of second-hand clothing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0421633660
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 1984
Ground area
266 m²
Building footprint
263 m²
Volume, LiDAR
3,053 m³
2 parcels, Brussels · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
ARLEQUIN
since 1984unit no. 2.035.221.039
ARLEQUIN
since 2010unit no. 2.274.307.629
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A1585/00G000 | Brussels | 191 m² | 1 · 188 m² | 15.2 m · 4 fl. |
| 21562A0123/00Y000 | Brussels | 74 m² | 1 · 74 m² | 19.7 m · 6 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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