ARSALAN
ActiveSummary
ARSALAN has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,052 and a net result of €4,358. Its solvency ranks better than 70% of 22,632 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
- Staff
- ≈ 1.8 FTE, estimated
- Equity
- €29,052
- Profit
- €4,358
Why 65raises riskSize: turnover €662,752, total assets €51,063Founded in 2023lowers riskLiquidity: current ratio 2.32, cash €10,421Equity €29,052 (56.9% of total assets)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 70% on solvency, 60% on liquidity, 42% on profitability and 44% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 6 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: ZAMANI MURID (director)Appointment: ANWARI SAMIR (director) ·…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 82% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €834,094 | €662,752 | ▼ 20.5% |
| Goods, raw materials, services and sundry goods60/61 | €757,390 | €617,590 | ▼ 18.5% |
| Remuneration, social security and pensions62 | €47,384 | €54,269 | ▲ 14.5% |
| Other operating charges640/8 | €3,891 | €3,300 | ▼ 15.2% |
| Gross operating margin9900 | €77,559 | €62,275 | ▼ 19.7% |
| Operating profit (loss)9901 | €26,284 | €4,707 | ▼ 82.1% |
| Financial income75/76B | €175 | €811 | ▲ 363% |
| Recurring financial income75 | €175 | €811 | ▲ 363% |
| Financial charges65/66B | €200 | €71 | ▼ 64.6% |
| Recurring financial charges65 | €200 | €71 | ▼ 64.6% |
| Profit (loss) for the period before taxes9903 | €26,259 | €5,447 | ▼ 79.3% |
| Income taxes67/77 | €6,565 | €1,089 | ▼ 83.4% |
| Profit (loss) for the period9904 | €19,694 | €4,358 | ▼ 77.9% |
| Profit (loss) for the period to be appropriated9905 | €19,694 | €4,358 | ▼ 77.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €41,793 | €51,063 | ▲ 22.2% |
| Current assets29/58 | €41,793 | €51,063 | ▲ 22.2% |
| Stocks and contracts in progress3 | €6,650 | €31,323 | ▲ 371% |
| Stocks30/36 | €6,650 | €31,323 | ▲ 371% |
| Amounts receivable within one year40/41 | €18,328 | €9,318 | ▼ 49.2% |
| Other amounts receivable41 | €18,328 | €9,318 | ▼ 49.2% |
| Cash at bank and in hand54/58 | €16,815 | €10,421 | ▼ 38.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €41,793 | €51,063 | ▲ 22.2% |
| Equity10/15 | €24,694 | €29,052 | ▲ 17.6% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €19,694 | €24,052 | ▲ 22.1% |
| Amounts payable17/49 | €17,098 | €22,011 | ▲ 28.7% |
| Amounts payable within one year42/48 | €17,098 | €22,011 | ▲ 28.7% |
| Trade debts44 | - | €264 | - |
| Suppliers440/4 | - | €264 | - |
| Taxes, remuneration and social security45 | €12,768 | €21,746 | ▲ 70.3% |
| Taxes450/3 | €6,565 | €8,648 | ▲ 31.7% |
| Remuneration and social security454/9 | €6,203 | €13,098 | ▲ 111% |
| Other amounts payable47/48 | €4,330 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €19,694 | €4,358 | ▼ 77.9% |
| Operating cash flow (approximation) | €19,694 | €4,358 | ▼ 77.9% |
| Change in cash | - | -€6,394 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00355544 |
| 31-12-2024 | micro format | 12-08-2025 | 2025-00371317 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ANWARI SAMIR |
|
| ZAMANI MURID |
|
| HASSANZADA MOHAMMAD |
|
Owners and capital
Capital and shareholders
- ANWARI SAMIR 100 shares
- ZAMANI MURID to ANWARI SAMIR 100 shares
- ZAMANI MURID 100 shares
- HASSANZADA MOHAMMAD to ZAMANI MURID 100 shares
- HASSANZADA Mohammad Momin sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 16-10-2024 Capital stated in the deed · 100 shares
- 08-08-2023 Incorporation · €5,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
16-10
Gazette deed
Resignation: ZAMANI MURID (director)Appointment: ANWARI SAMIR (director) · Director discharge · Share transfer7 facts ▸
- General meeting, 30-09-2024
- Director resignation, ZAMANI MURID (director)
- Director discharge, ZAMANI MURID (director)
- Director appointment, ANWARI SAMIR (director)
- Share transfer, ZAMANI MURID → ANWARI SAMIR
- Shareholding, “actions”, 100 (deed in French)
- Capital
21-05
Gazette deed
Resignation: HASSANZADA MOHAMMAD (director)Appointment: ZAMANI MURID (director) · Director discharge · Share transfer6 facts ▸
- General meeting, 31-03-2024
- Director resignation, HASSANZADA MOHAMMAD (director)
- Director discharge, HASSANZADA MOHAMMAD (director)
- Director appointment, ZAMANI MURID (director)
- Share transfer, HASSANZADA MOHAMMAD → ZAMANI MURID
- Shareholding, “actions”, 100 (deed in French)
08-08
Gazette deed
IncorporationAppointment: HASSANZADA Mohammad Momin (director) · Founder · Founding capital10 facts ▸
- Incorporation, “ARSALAN” (deed in French)
- Founder, HASSANZADA Mohammad Momin (comparant)
- Founding capital, €5,000
- Other provision, “arrêt des statuts, les comparants déclarent arrêter les statuts de la société” (deed in French)
- Capital
- Other provision, “conformément à la loi, prise d'effet décisions finales et transitoires” (deed in French)
- Registered office clause, “1080 Molenbeek-Saint-Jean,chaussée de Gand 457” (deed in French)
- Board rule, 1, “assemblée” (deed in French)
- Director appointment, HASSANZADA Mohammad Momin (director (not named in the articles))
- Pre-incorporation commitments, “takeover, engagements,obligations et activités entrepris par l'un ou l'autre des comparants au nom et pour compte de la société en formation” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21526D0076/00X003 | Brussels | 167 m² | 1 · 167 m² | 20.3 m · 6 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ARSALAN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, personnes physiques ou morales,actionnaires ou non” (deed in French)“Frais de représentation,voyages et déplacements en sus, frais généraux” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs proportionnellement si plusieurs, actions dont la cession est proposée” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITRE V. ASSEMBLEE GENERALE Article 15. Tenue et convocation Il est tenu chaque année, au siège, une assemblée générale ordinaire le trente…” (deed in French)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)