ARSELD
ActiveSummary
The computed 12-month bankruptcy probability of ARSELD is 14.0% (high). The latest annual accounts of ARSELD were filed more than 90 days after the deadline. The 2023 annual accounts show equity of €1,223 and a net result of €1,223. Its solvency ranks better than 26% of 6,533 sector peers (NACE 47, financial year 2023). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of motor vehicle parts and accessories
NACE 47820
1 site
Size
€9,311total assets 2023
- Equity
- €1,223
- Profit
- €1,223
Financial health
- Bankruptcy probabilitywithin 12 months
- 14.0%
2023 figures too old to score
Signalsraises riskFigures for financial year 2023 (filed 06-12-2024)2 financial years not filed after the legal deadline; latest accounts 120 days late; 1 of the last 3 late1 change of registered office in 24 monthsFounded in 2023Filed more than 90 days lateShow the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: Filed more than 90 days late
Financial strength, FY 2023
Average
Solvency
38
equity 13.1% of total assets
Liquidity
46
short-term debt 86.9% · cash 35.6%
Profitability
85
return on assets 13.1%
Bankruptcy probability, 12 months
14.0%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.3%lowest value
12-2024: 2.6%▲ +0.3 percentage points vs 11-2024
01-2025: 2.6%● unchanged vs 12-2024
02-2025: 2.6%● unchanged vs 01-2025
03-2025: 2.6%● unchanged vs 02-2025
04-2025: 2.6%● unchanged vs 03-2025
05-2025: 2.6%● unchanged vs 04-2025
06-2025: 2.6%● unchanged vs 05-2025
07-2025: 2.7%▲ +0.1 percentage points vs 06-2025
08-2025: 3.3%▲ +0.6 percentage points vs 07-2025
09-2025: 3.7%▲ +0.4 percentage points vs 08-2025
10-2025: 5.1%▲ +1.4 percentage points vs 09-2025
11-2025: 8.8%▲ +3.7 percentage points vs 10-2025
12-2025: 10.1%▲ +1.3 percentage points vs 11-2025
01-2026: 12.7%▲ +2.6 percentage points vs 12-2025
02-2026: 12.6%▼ -0.1 percentage points vs 01-2026
03-2026: 13.0%▲ +0.4 percentage points vs 02-2026
04-2026: 12.1%▼ -0.9 percentage points vs 03-2026
05-2026: 12.1%● unchanged vs 04-2026
06-2026: 11.9%▼ -0.2 percentage points vs 05-2026
07-2026: 11.9%● unchanged vs 06-2026
08-2026: 14.0%▲ +2.1 percentage points vs 07-2026
09-2026: 14.0%● unchanged vs 08-2026highest value
10-2026: 14.0%● unchanged vs 09-2026highest value
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Signals
Five signals.
raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-11-2024, 120 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 1 filingDeviation from the deadline
2023
120 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2023 accounts 120 days after the deadline; the sector median (NACE 47) for financial year 2023 is on the deadline day, and 48% of those companies filed late.
Searched, nothing found (1)
- Registered office · Capital & sharesShareholding · Registered-office move
- Resignation: Baftijaj Arseim (director)Appointment: Mugla Cemal (director)
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2023, full format
2023 annual accounts filed late (120 days) Filed on 28 November 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00611356.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,223
Working capital
€1,223
Balance-sheet composition
Equity and liabilities €9,311
Equity
€1,223
Debt
€8,088
Debt finances 86.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€3,262
Cash flow
€2,262
Current ratio
1.15
Debt to equity
6.61
ROE
100.0%
ROA
13.1%
Interest coverage
15.92
Debt ≤ 1 year
€8,088
Income taxes
€796
Staff costs
€0
Annual accounts
| Line | 2023 |
|---|---|
| Remuneration, social security and pensions62 | €0 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,039 |
| Other operating charges640/8 | €270 |
| Gross operating margin9900 | €3,533 |
| Operating profit (loss)9901 | €2,224 |
| Financial charges65/66B | €205 |
| Recurring financial charges65 | €205 |
| Profit (loss) for the period before taxes9903 | €2,019 |
| Income taxes67/77 | €796 |
| Profit (loss) for the period9904 | €1,223 |
| Profit (loss) for the period to be appropriated9905 | €1,223 |
| Line | 2023 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €9,311 | |
| Formation expenses20 | €0 | |
| Fixed assets21/28 | €0 | |
| Current assets29/58 | €9,311 | |
| Amounts receivable within one year40/41 | €5,993 | |
| Trade receivables40 | €5,464 | |
| Other amounts receivable41 | €530 | |
| Cash at bank and in hand54/58 | €3,317 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €9,311 | |
| Equity10/15 | €1,223 | |
| Profit (loss) carried forward14 | €1,223 | |
| Amounts payable17/49 | €8,088 | |
| Amounts payable within one year42/48 | €8,088 | |
| Trade debts44 | €3,491 | |
| Suppliers440/4 | €3,491 | |
| Taxes, remuneration and social security45 | €4,597 | |
| Taxes450/3 | €796 | |
| Remuneration and social security454/9 | €3,801 | |
| Other amounts payable47/48 | €0 | |
| Accrued charges and deferred income492/3 | €0 | |
| Line | 2023 |
|---|---|
| Profit (loss) for the period9904 | €1,223 |
| + Depreciation and write-downs630 | €1,039 |
| Operating cash flow (approximation) | €2,262 |
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 (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 28-11-2024 | 2024-00611356 |
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Of the 2,399 active companies whose main activity is retail sale of motor vehicle parts and accessories (NACE 47820), figures are known for 778. 122 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2025
Mugla Cemal
CurrentDirector · since 22-04-2025
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 3 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2025, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Mugla Cemal |
|
| Baftijaj Arseim |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 10-10-2025 ↗
- MUGLA Cemal 100 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
2025
10-10
Gazette deed
Registered office · Capital & sharesShareholding · Registered-office move3 facts ▸
Gazette deed
Registered office · Capital & shares
Shareholding · Registered-office move3 facts ▸
- General meeting, 01-10-2025
- Shareholding, 100
- Registered-office move, Vlaanderenstraat 105,1800 Vilvoorde
21-08
Gazette deed
Resignation: Baftijaj Arseim (director)Appointment: Mugla Cemal (director)4 facts ▸
Gazette deed
Resignation: Baftijaj Arseim (director)
Appointment: Mugla Cemal (director)4 facts ▸
- General meeting, 22-04-2025
- Director resignation, Baftijaj Arseim (director)
- Director appointment, Mugla Cemal (director)
- Other provision, “form caption for notary name and signature; no notary name printed in this unit, instrumenting notary and authorised representative signature block” (deed in Dutch)
2024
28-11
NBB filing
Annual accounts filed
financial year 2023 · full format · 120 days late
Gazette deedNBB filing
2 of 3 deeds read
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded13-06-2023
Financial year end31-12
Activities, NACEBEL 2025
47820Retail sale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0802667476
Registered
02-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Vilvoorde · 1 establishment unit since 2023
Ground area
747 m²
Building footprint
143 m²
Building volume
1,733 m³
Parcel 23642D0189/00C000, Flanders · tallest building 16.3 m. Linked by address, not a title deed.
40
companies at this address
See who is registered here
1 establishment unit
AC PNEUS
since 2023unit no. 2.348.257.261
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23642D0189/00C000 | Flanders | 747 m² | 1 · 143 m² | 16.3 m · 4 |
How the parcels are linked
Good to know
The parcel matches the address exactly.