ARSITUILE JGM TOITURES, EN ABREGE : ARSITUILE
Bankruptcy closedARSITUILE JGM TOITURES, EN ABREGE : ARSITUILE was declared bankrupt (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 15-09-2026, published in the Belgian State Gazette on 21-09-2026.
No longer registered with the KBO since 17-09-2026; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d late
2022
395 d late
2021
78 d late
2020
149 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€-1k
2022 · €15k
2020: €6k
2021: €22k
2022: €15k
2020 → 2023
Total assets
€78k▼ 11.6%
2022 · €88k
2020: €14k
2021: €74k
2022: €88k
2020 → 2023
Net result
€-17k▼ 158%
2022 · €-6k
2020: €692
2021: €16k
2022: €-6k
2020 → 2023
Working capital
€-14k▼ 566%
2022 · €-2k
2020: €5k
2021: €8k
2022: €-2k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€6k-€22k▲ 278%€15k▼ 29.8%€-1k
Operating result€1k-€19k▲ 1,776%€-4k€-13k▼ 197%
Net result€692-€16k▲ 2,187%€-6k€-17k▼ 158%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2023 against €4k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €78k
Fixed assets
€24k▼ 22.6%
Current assets
€54k▼ 5.5%
Key figures and ratios
EBITDA
€-3k▼
2022 · €5k
Cash flow
€-6k▼
2022 · €3k
Solvency
-1.8%▼
2022 · 17.1%
Current ratio
0.79▼
2022 · 0.96
Quick ratio
0.65▼
2022 · 0.80
Debt / equity
-56.45▼
2022 · 4.83
ROA
-21.2%▼
2022 · -7.3%
Interest coverage
-0.79▼
2022 · 2.40
Debt
€79k▲
2022 · €73k
Debt ≤ 1 year
€68k▲
2022 · €59k
Debt > 1 year
€9k▼
2022 · €13k
Income taxes
€72▼
2022 · €137
Staff costs
€32k▲
2022 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€88k€78k▼
Fixed assets21/28€31k€24k▼
Tangible fixed assets22/27€31k€24k▼
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€25k€20k▼
Financial fixed assets28€282€282=
Current assets29/58€57k€54k▼
Stocks and contracts in progress3€10k€10k▲
Stocks30/36€10k€10k▲
Amounts receivable within one year40/41€43k€37k▼
Trade receivables40€40k€35k▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€4k€6k▲
Deferred charges and accrued income490/1€386€849▲
Equity and liabilities
Total equity and liabilities10/49€88k€78k▼
Equity10/15€15k€-1k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€10k€-6k▼
Amounts payable17/49€73k€79k▲
Amounts payable after more than one year17€13k€9k▼
Financial debts170/4€13k€9k▼
Amounts payable within one year42/48€59k€68k▲
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€8k€15k▲
Suppliers440/4€8k€15k▲
Taxes, remuneration and social security45€2k€345▼
Taxes450/3€814€11▼
Remuneration and social security454/9€1k€334▼
Other amounts payable47/48€45k€48k▲
Accrued charges and deferred income492/3€1k€3k▲
Income statement
Code20222023
Remuneration, social security and pensions62€22k€32k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€1k€939▼
Non-recurring operating charges66A€4k-
Gross operating margin9900€32k€30k▼
Operating profit (loss)9901€-4k€-13k▼
Financial income75/76B€75€159▲
Recurring financial income75€75€159▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€-6k€-16k▼
Income taxes67/77€137€72▼
Profit (loss) for the period9904€-6k€-17k▼
Profit (loss) for the period to be appropriated9905€-6k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-6k▼
Profit (loss) brought forward from the previous period14P€17k€10k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · ARSITUILE JGM TOITURES SRL RUE RAYMOND 6, 4800 VERVIERS. déclarée le 30 juin 2025 · event 15-09-2026
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 395 days late
2023
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Highest result since 2020net €16k ▲2187%
Operating result €19k, net result €16k, both a record.
27-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 149 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
181 m²
Building footprint
52 m²
Volume, LiDAR
430 m³
Parcel 63572B0032/00Z009, Wallonia · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63572B0032/00Z009 | Wallonia | 181 m² | 1 · 52 m² | 12.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.