Active BE 0742.545.094Private limited company

ARN DECORATION

Steenweg op Mechelen 455 ·1950 Kraainem, Belgium· 6 yrs active

Conclusion Checked

The computed 12-month bankruptcy probability of ARN DECORATION is 7.5% (elevated). The 2022 annual accounts show equity of €371 and a net result of €-8k. Equity is shrinking by ~100.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2023. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€371
Net result	€-8k
Active	6 yrs
Board	2

Snowflake analysis 5 of 5 axes measured · computed by Checked

38 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 45

Profitability 0

Solvency 15

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

7.5% Elevated

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +No NACE activity registered +Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2022 · computed

45 / 100 Fair

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 19-09-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, equity would indicatively turn negative around fiscal year 2023, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€-7k

- 20-22

Net profit

€-8k

+10.1% 20-22

Cash flow

€-8k

- 20-22

Total assets

€9k

-53.6% 20-22

Equity

€371

-95.4% 20-22

Working capital

€371

-94.2% 20-22

Employees (FTE)

0

- 20-22

Staff costs

€1k

- 20-22

Debt

€9k

-25.0% 20-22

Debt ≤ 1y

€9k

-25.0% 20-22

Current ratio

1.04

-32.3% 20-22

Quick ratio

1.04

-32.3% 20-22

Solvency

4.0%

-90.1% 20-22

Debt / equity

23.89

+1531.3% 20-22

ROE

-2076.3%

-1857.5% 20-22

ROA

-83.4%

-93.8% 20-22

Interest coverage

-62.26

- 20-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€-8k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€9k
Equity	€371
Debt	€9k
of which ≤ 1y	€9k
of which > 1y	-
Working capital	€371
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	1.04
Quick ratio	1.04
Working capital ratio	4.0%
Solvency	4.0%
Debt / equity	23.89
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-83.4%
ROE	-2076.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Equity & liabilities

Equity €371 · 4.0% Debt €9k · 96.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€9k
Current assets	29/58	€9k
Amounts receivable within one year	40/41	€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€9k
Equity	10/15	€371
Contributions / capital	10/11	€5k
Accumulated profits (losses)	14	€-5k
Amounts payable	17/49	€9k
Amounts payable within one year	42/48	€9k
Income statement
Gross operating margin	9900	€-4k
Operating result	9901	€-8k
Financial charges	65	€181
Result before taxes	9903	€-8k
Net result for the period	9904	€-8k
Result to be appropriated	9905	€-8k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 4 directors

Current directors & mandates

SCHRAEYEN LUDOVIC
Manager
State Gazette act 25041839 (28-03-2025)

Current
28-03-2025 → present
PECALJ MILE
Manager
State Gazette act 25041839 (28-03-2025)

Current
08-02-2024 → present
2 events
- 28-03-2025 Appointed· Manager
- 08-02-2024 Appointed· Director

Former directors (2)

Aydin, Muhammed
Director
State Gazette act 24031490 (21-02-2024)

Former
- → 08-02-2024
Efil, Emre
Director
State Gazette act 24031490 (21-02-2024)

Former
- → 08-02-2024

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	27-01-2020
Status	Active
Postal code	1950

Establishment units 1 location

ARN DECORATION

Slopen

since 20202.298.773.009

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22002C0073/00N009	Flanders	1.1 ha	1 · 865 m²	42.8 m · 14 fl.
23015C0111/00W000	Flanders	649 m²	1 · 329 m²	-

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

28-03-2025

State Gazette act Director changes

2024

21-02-2024

State Gazette act Capital & shares

2023

19-09-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

19-09-2023

NBB filing Annual accounts filed

fiscal year 2021 · micro

2022

26-04-2022

State Gazette act Capital & shares

2021

13-07-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

Belgisch Staatsblad, acts 3 acts

Capital history · 2

21-02-2024

Capital change

26-04-2022

Capital change

All acts · 3 updated 1 year ago

2025

28-03-2025 2 directors appointed Director changes

SCHRAEYEN LUDOVIC, Manager
PECALJ MILE, Manager

Original publication ↗

Technical details

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2024

21-02-2024 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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2022

26-04-2022 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

ARN DECORATION

Registered office

Steenweg op Mechelen 455 bus 1

1950 Kraainem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.