Arshdeep
ActiveSummary
Arshdeep has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,041 and a net result of €17,552. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 49% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+7
Solvency57▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.66 in 2024; short-term debt: 41.8% and cash: 28.5% of total assets), and 67.5% 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
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.5%
Return on assets
9.2%
Age of the figures
9 mo
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
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
23 d early
2023
26 d early
2022
34 d early
2021
31 d early
2020
31 d early
2019
28 d early
← 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 21 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 6 July (4 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
Equity
€62,041▲ 39.5%
2024 · €44,488
Total assets
€191,094▲ 25.5%
2024 · €152,261
Net result
€17,552▲ 204%
2024 · €5,765
Working capital
-€4,512▲ 71.0%
2024 · -€15,572
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
Operating result€11,285▼ 4.7%€7,794▼ 30.9%€6,016▼ 22.8%€9,698▲ 61.2%€27,163▲ 180%
Net result€6,479within the sector's middle half▲ 23.3%€3,669within the sector's middle half▼ 43.4%€2,346within the sector's middle half▼ 36.1%€5,765within the sector's middle half▲ 146%€17,552within the sector's middle half▲ 204%
Equity€32,708within the sector's middle half▲ 24.7%€36,377within the sector's middle half▲ 11.2%€38,724within the sector's middle half▲ 6.5%€44,488within the sector's middle half▲ 14.9%€62,041within the sector's middle half▲ 39.5%
Total assets€163,438within the sector's middle half▼ 2.6%€155,946within the sector's middle half▼ 4.6%€154,828within the sector's middle half▼ 0.7%€152,261within the sector's middle half▼ 1.7%€191,094within the sector's middle half▲ 25.5%
Debt€130,730▼ 7.7%€119,569▼ 8.5%€116,104▼ 2.9%€107,772▼ 7.2%€129,053▲ 19.7%
Working capital-€17,433below the sector's middle half▼ 11.3%-€16,112below the sector's middle half▲ 7.6%-€18,391below the sector's middle half▼ 14.1%-€15,572below the sector's middle half▲ 15.3%-€4,512within the sector's middle half▲ 71.0%
Solvency20.0%within the sector's middle half▲ 4.4pp23.3%within the sector's middle half▲ 3.3pp25.0%within the sector's middle half▲ 1.7pp29.2%within the sector's middle half▲ 4.2pp32.5%within the sector's middle half▲ 3.2pp
Current ratio0.55below the sector's middle half=0.55below the sector's middle half▲ 0.010.58below the sector's middle half▲ 0.020.66below the sector's middle half▲ 0.080.94within the sector's middle half▲ 0.28
Return on assets (ROA)4.0%within the sector's middle half▲ 0.8pp2.4%within the sector's middle half▼ 1.6pp1.5%within the sector's middle half▼ 0.8pp3.8%within the sector's middle half▲ 2.3pp9.2%within the sector's middle half▲ 5.4pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 180% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191,094
Fixed assets
€115,730 ▼ 5.3%
Current assets
€75,364 ▲ 150%
Equity and liabilities €191,094
Equity
€62,041 ▲ 39.5%
Debt
€129,053 ▲ 19.7%
Debt's share of the balance-sheet total falls from 70.8% to 67.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,827▲
2024 · €16,362
Cash flow
€24,216▲
2024 · €12,429
Quick ratio
0.75▲
2024 · 0.08
Debt to equity
2.08▼
2024 · 2.42
ROE
28.3%▲
2024 · 13.0%
Interest coverage
10.50▲
2024 · 7.12
Debt ≤ 1 year
€79,876▲
2024 · €45,659
Debt > 1 year
€49,177▼
2024 · €62,113
Income taxes
€6,389▲
2024 · €1,635
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 34,696 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4,050 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,664 | €6,664 | €6,664 | €6,664 | €6,664 | = |
| Other operating charges640/8 | €6,715 | €3,471 | €3,654 | €4,191 | €6,861 | ▲ 63.7% |
| Gross operating margin9900 | €24,664 | €17,929 | €16,334 | €20,553 | €40,688 | ▲ 98.0% |
| Operating profit (loss)9901 | €11,285 | €7,794 | €6,016 | €9,698 | €27,163 | ▲ 180% |
| Financial income75/76B | €0 | - | - | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | - | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €3,926 | €3,134 | €3,033 | €2,300 | €3,221 | ▲ 40.1% |
| Recurring financial charges65 | €3,926 | €3,134 | €3,033 | €2,300 | €3,221 | ▲ 40.1% |
| Profit (loss) for the period before taxes9903 | €7,359 | €4,660 | €2,983 | €7,400 | €23,942 | ▲ 224% |
| Income taxes67/77 | €880 | €990 | €637 | €1,635 | €6,389 | ▲ 291% |
| Profit (loss) for the period9904 | €6,479 | €3,669 | €2,346 | €5,765 | €17,552 | ▲ 204% |
| Profit (loss) for the period to be appropriated9905 | €6,479 | €3,669 | €2,346 | €5,765 | €17,552 | ▲ 204% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163,438 | €155,946 | €154,828 | €152,261 | €191,094 | ▲ 25.5% |
| Fixed assets21/28 | €142,373 | €135,944 | €129,576 | €122,173 | €115,730 | ▼ 5.3% |
| Tangible fixed assets22/27 | €142,165 | €135,501 | €128,837 | €122,173 | €115,509 | ▼ 5.5% |
| Land and buildings22 | €142,165 | €135,501 | €128,837 | €122,173 | €115,509 | ▼ 5.5% |
| Financial fixed assets28 | €207 | €443 | €739 | €0 | €221 | - |
| Current assets29/58 | €21,065 | €20,001 | €25,252 | €30,087 | €75,364 | ▲ 150% |
| Stocks and contracts in progress3 | €17,854 | €17,219 | €22,873 | €26,423 | €15,298 | ▼ 42.1% |
| Stocks30/36 | €17,854 | €17,219 | €22,873 | €26,423 | €15,298 | ▼ 42.1% |
| Amounts receivable within one year40/41 | - | - | €381 | €0 | €5,622 | - |
| Trade receivables40 | - | - | - | - | €4,993 | - |
| Other amounts receivable41 | - | - | €381 | €0 | €630 | - |
| Cash at bank and in hand54/58 | €3,211 | €2,782 | €1,256 | €3,646 | €54,425 | ▲ 1,393% |
| Deferred charges and accrued income490/1 | - | - | €742 | €18 | €18 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163,438 | €155,946 | €154,828 | €152,261 | €191,094 | ▲ 25.5% |
| Equity10/15 | €32,708 | €36,377 | €38,724 | €44,488 | €62,041 | ▲ 39.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €14,108 | €17,777 | €20,124 | €25,888 | €43,441 | ▲ 67.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €12,248 | €15,917 | €18,264 | €24,028 | €41,581 | ▲ 73.0% |
| Amounts payable17/49 | €130,730 | €119,569 | €116,104 | €107,772 | €129,053 | ▲ 19.7% |
| Amounts payable after more than one year17 | €92,232 | €83,456 | €72,462 | €62,113 | €49,177 | ▼ 20.8% |
| Financial debts170/4 | €92,232 | €83,456 | €72,462 | €62,113 | €49,177 | ▼ 20.8% |
| Amounts payable within one year42/48 | €38,498 | €36,113 | €43,642 | €45,659 | €79,876 | ▲ 74.9% |
| Current portion of amounts payable after more than one year42 | €19,050 | €10,560 | €10,994 | €11,118 | €12,317 | ▲ 10.8% |
| Trade debts44 | €1,849 | €2,801 | €11,299 | €32 | €40,292 | ▲ 125,186% |
| Suppliers440/4 | €1,849 | €2,801 | €11,299 | €32 | €40,292 | ▲ 125,186% |
| Advances received on contracts in progress46 | - | - | - | - | €415 | - |
| Taxes, remuneration and social security45 | €2,119 | €1,499 | €14,937 | €25,992 | €19,724 | ▼ 24.1% |
| Taxes450/3 | €2,119 | €1,499 | €637 | €2,592 | €8,024 | ▲ 210% |
| Remuneration and social security454/9 | - | - | €14,300 | €23,400 | €11,700 | ▼ 50.0% |
| Other amounts payable47/48 | €15,480 | €21,253 | €6,413 | €8,517 | €7,128 | ▼ 16.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,479 | €3,669 | €2,346 | €5,765 | €17,552 | ▲ 204% |
| + Depreciation and write-downs630 | €6,664 | €6,664 | €6,664 | €6,664 | €6,664 | = |
| Operating cash flow (approximation) | €13,143 | €10,333 | €9,010 | €12,429 | €24,216 | ▲ 94.8% |
| Investment in fixed assets (approximation) | - | -€236 | -€296 | €739 | -€221 | ▼ 130% |
| Change in cash | - | -€429 | -€1,526 | €2,390 | €50,779 | ▲ 2,025% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €17,552 ▲204%
Operating result €27,163, net result €17,552, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3,516
Net result €3,516 after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 84 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Directors · office · real estate
Directors
4 acts for this company are 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, Mechelen · 1 establishment unit since 2014
Ground area
61 m²
Building footprint
61 m²
Volume, LiDAR
652 m³
Parcel 12402B0159/00H004, Flanders · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Arshdeep
since 20142.236.735.965
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0159/00H004 | Flanders | 61 m² | 1 · 61 m² | 12.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteMechelen2.236.735.965
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 4,670 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
Founded05-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0567627172
Also
9925:BE0567627172
Registered
16-05-2025
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.