ARQUALINE
ActiveSummary
ARQUALINE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,505 and a net result of €9,635. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+9
Solvency39▲+16
Growth63▲+14
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.18 in 2024; short-term debt: 85.9% and cash: 4.4% of total assets), and 85.9% 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 · 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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
59 d early
2023
65 d early
2022
69 d early
2021
39 d early
2020
25 d late
2019
5 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 38 days before 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 28 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€25,498=
2021 · €25,498
EBIT margin
-11.7%▲ 5.8pp
2021 · -17.5%
Net result
€9,635▲ 76.9%
2024 · €5,448
Working capital
-€38,164▲ 24.2%
2024 · -€50,331
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€25,498=€25,498=
Operating result-€4,454-€2,977▲ 33.2%€2,034€5,499▲ 170%€9,869▲ 79.5%
Net result-€4,503below the sector's middle half-€2,955within the sector's middle half▲ 34.4%€1,971within the sector's middle half€5,448within the sector's middle half▲ 176%€9,635within the sector's middle half▲ 76.9%
EBIT margin-17.5%▼ 24.1pp-11.7%▲ 5.8pp
Equity-€5,594below the sector's middle half▼ 413%-€8,549below the sector's middle half▼ 52.8%-€6,578below the sector's middle half▲ 23.1%-€1,130below the sector's middle half▲ 82.8%€8,505within the sector's middle half
Total assets€85,036within the sector's middle half▼ 18.0%€70,632within the sector's middle half▼ 16.9%€60,330within the sector's middle half▼ 14.6%€59,901within the sector's middle half▼ 0.7%€60,162within the sector's middle half▲ 0.4%
Debt€90,630▼ 13.5%€79,181▼ 12.6%€66,908▼ 15.5%€61,031▼ 8.8%€51,657▼ 15.4%
Working capital-€86,553below the sector's middle half▲ 11.7%-€73,661below the sector's middle half▲ 14.9%-€62,277below the sector's middle half▲ 15.5%-€50,331below the sector's middle half▲ 19.2%-€38,164below the sector's middle half▲ 24.2%
Solvency-6.6%below the sector's middle half▼ 5.5pp-12.1%below the sector's middle half▼ 5.5pp-10.9%below the sector's middle half▲ 1.2pp-1.9%below the sector's middle half▲ 9.0pp14.1%within the sector's middle half▲ 16.0pp
Current ratio0.04below the sector's middle half▼ 0.020.07below the sector's middle half▲ 0.020.07below the sector's middle half=0.18below the sector's middle half▲ 0.110.26below the sector's middle half▲ 0.09
Return on assets (ROA)-5.3%below the sector's middle half▼ 6.9pp-4.2%below the sector's middle half▲ 1.1pp3.3%within the sector's middle half▲ 7.5pp9.1%within the sector's middle half▲ 5.8pp16.0%above the sector's middle half▲ 6.9pp
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 per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 79% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,162
Fixed assets
€46,669 ▼ 5.1%
Current assets
€13,493 ▲ 26.1%
Equity and liabilities €60,162
Equity
€8,505
Debt
€51,657
Debt finances 85.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€16,373▲
2024 · €11,997
Cash flow
€16,139▲
2024 · €11,946
Debt to equity
6.07▲
2024 · -54.01
ROE
113.3%
Interest coverage
69.97▼
2024 · 230.71
Debt ≤ 1 year
€51,657▼
2024 · €61,031
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 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% | 1.9% |
| 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 3,818 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €25,498 | €25,498 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €10,511 | €8,553 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,244 | €16,408 | €9,413 | €6,498 | €6,504 | ▲ 0.1% |
| Other operating charges640/8 | €5,356 | €5,478 | €6,007 | €6,238 | €6,434 | ▲ 3.1% |
| Gross operating margin9900 | €17,146 | €18,909 | €17,454 | €18,235 | €22,807 | ▲ 25.1% |
| Operating profit (loss)9901 | -€4,454 | -€2,977 | €2,034 | €5,499 | €9,869 | ▲ 79.5% |
| Financial income75/76B | - | €73 | - | €1 | - | - |
| Recurring financial income75 | - | €73 | - | €1 | - | - |
| Financial charges65/66B | €49 | €51 | €63 | €52 | €234 | ▲ 350% |
| Recurring financial charges65 | €49 | €51 | €63 | €52 | €234 | ▲ 350% |
| Profit (loss) for the period before taxes9903 | -€4,503 | -€2,955 | €1,971 | €5,448 | €9,635 | ▲ 76.9% |
| Profit (loss) for the period9904 | -€4,503 | -€2,955 | €1,971 | €5,448 | €9,635 | ▲ 76.9% |
| Profit (loss) for the period to be appropriated9905 | -€4,503 | -€2,955 | €1,971 | €5,448 | €9,635 | ▲ 76.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85,036 | €70,632 | €60,330 | €59,901 | €60,162 | ▲ 0.4% |
| Fixed assets21/28 | €80,959 | €65,112 | €55,699 | €49,201 | €46,669 | ▼ 5.1% |
| Tangible fixed assets22/27 | €80,959 | €65,112 | €55,699 | €49,201 | €46,669 | ▼ 5.1% |
| Land and buildings22 | €80,630 | €64,551 | €55,375 | €49,051 | €46,659 | ▼ 4.9% |
| Furniture and vehicles24 | €329 | €561 | €324 | €150 | €10 | ▼ 93.3% |
| Current assets29/58 | €4,077 | €5,520 | €4,631 | €10,700 | €13,493 | ▲ 26.1% |
| Amounts receivable within one year40/41 | €3,532 | - | €1,771 | €10,115 | €10,851 | ▲ 7.3% |
| Trade receivables40 | €3,532 | - | €1,771 | €10,115 | €10,839 | ▲ 7.2% |
| Other amounts receivable41 | - | - | - | - | €12 | - |
| Cash at bank and in hand54/58 | €545 | €5,520 | €2,860 | €585 | €2,642 | ▲ 352% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85,036 | €70,632 | €60,330 | €59,901 | €60,162 | ▲ 0.4% |
| Equity10/15 | -€5,594 | -€8,549 | -€6,578 | -€1,130 | €8,505 | ▲ 853% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€26,045 | -€29,000 | -€27,029 | -€21,581 | -€11,946 | ▲ 44.6% |
| Amounts payable17/49 | €90,630 | €79,181 | €66,908 | €61,031 | €51,657 | ▼ 15.4% |
| Amounts payable within one year42/48 | €90,630 | €79,181 | €66,908 | €61,031 | €51,657 | ▼ 15.4% |
| Trade debts44 | €2,171 | €2,007 | €2,162 | €7,908 | €12,595 | ▲ 59.3% |
| Suppliers440/4 | €2,171 | €2,007 | €2,162 | €7,908 | €12,595 | ▲ 59.3% |
| Taxes, remuneration and social security45 | €863 | €1,110 | €1,247 | €929 | €1,476 | ▲ 58.9% |
| Taxes450/3 | €863 | €1,110 | €1,247 | €929 | €1,476 | ▲ 58.9% |
| Other amounts payable47/48 | €87,596 | €76,064 | €63,499 | €52,194 | €37,586 | ▼ 28.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,503 | -€2,955 | €1,971 | €5,448 | €9,635 | ▲ 76.9% |
| + Depreciation and write-downs630 | €16,244 | €16,408 | €9,413 | €6,498 | €6,504 | ▲ 0.1% |
| Operating cash flow (approximation) | €11,741 | €13,453 | €11,384 | €11,946 | €16,139 | ▲ 35.1% |
| Investment in fixed assets (approximation) | - | -€561 | €0 | €0 | -€3,972 | - |
| Change in cash | - | €4,975 | -€2,660 | -€2,275 | €2,057 | ▲ 190% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €9,635 ▲76.9%
Operating result €9,869, net result €9,635, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1,971
Net result €1,971 after 2 loss-making years.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Back to profitnet €1,616
Net result €1,616 after 2 loss-making years.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2019
31-12
Financial
Weakest financial yearnet -€10,573
Net result drops to -€10,573, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Charleroi · 1 establishment unit since 2000
Ground area
5,157 m²
Building footprint
1,568 m²
Volume, LiDAR
11,884 m³
2 parcels, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Route de Forville,Warêt 2, 5310 Eghezée
since 20002.094.961.062
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52049C0878/00R003 | Wallonia | 4,365 m² | 1 · 1,425 m² | 9.2 m · 3 fl. |
| 92133B0266/00H000 | Wallonia | 792 m² | 1 · 143 m² | - |
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 12,955 companies in sector 47120 we hold annual accounts for 2,193. 1,177 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
Founded15-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471432173
Also
9925:BE0471432173
Registered
09-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.