Arslan
ActiveSummary
Arslan has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €112k and a net result of €31k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+48
Solvency69▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.41 in 2023; short-term debt: 55.5% and cash: 8.9% of total assets), but 55.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
12 d late
2022
63 d late
2021
233 d late
2020
87 d late
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€112k▲ 37.8%
2023 · €81k
Total assets
€251k▲ 8.8%
2023 · €231k
Net result
€31k
2023 · €-2k
Working capital
€75k▲ 22.6%
2023 · €62k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€19k▼ 49.0%€15k▼ 22.2%€16k▲ 10.4%€429▼ 97.4%€51k▲ 11,766%
Net result€14k▼ 51.7%€10k▼ 24.5%€11k▲ 7.7%€-2k€31k
Equity€61k▲ 29.3%€72k▲ 17.1%€83k▲ 15.7%€81k▼ 2.1%€112k▲ 37.8%
Total assets€210k▲ 273%€187k▼ 11.1%€216k▲ 15.8%€231k▲ 6.7%€251k▲ 8.8%
Debt€149k▲ 1,552%€115k▼ 22.6%€134k▲ 15.8%€150k▲ 12.1%€139k▼ 7.0%
Working capital€42k▼ 11.8%€55k▲ 31.1%€67k▲ 23.1%€62k▼ 8.6%€75k▲ 22.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 11,766% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €251k
Fixed assets
€36k ▲ 85.6%
Current assets
€215k ▲ 1.7%
Equity and liabilities €251k
Equity
€112k ▲ 37.8%
Debt
€139k ▼ 7.0%
Debt's share of the balance-sheet total falls from 64.9% to 55.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k
Cash flow
€36k
Current ratio
1.54▲
2023 · 1.41
Quick ratio
0.21▲
2023 · 0.17
Debt to equity
1.25▼
2023 · 1.85
ROE
27.4%▲
2023 · -2.2%
ROA
12.2%▲
2023 · -0.8%
Interest coverage
36.13
Debt ≤ 1 year
€139k▼
2023 · €150k
Income taxes
€19k▲
2023 · €411
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €71k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | - | €5k | - |
| Other operating charges640/8 | - | €2k | €4k | €7k | €6k | ▼ 19.4% |
| Non-recurring operating charges66A | - | - | - | €14k | - | - |
| Gross operating margin9900 | €24k | €19k | €23k | €21k | €62k | ▲ 195% |
| Operating profit (loss)9901 | €19k | €15k | €16k | €429 | €51k | ▲ 11,766% |
| Financial income75/76B | - | - | €6 | - | €0 | - |
| Recurring financial income75 | - | - | €6 | - | €0 | - |
| Financial charges65/66B | - | €1k | €2k | €2k | €2k | ▼ 11.8% |
| Recurring financial charges65 | €922 | €1k | €2k | €2k | €2k | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €18k | €14k | €15k | €-1k | €49k | ▲ 3,802% |
| Income taxes67/77 | €4k | €3k | €4k | €411 | €19k | ▲ 4,453% |
| Profit (loss) for the period9904 | €14k | €10k | €11k | €-2k | €31k | ▲ 1,857% |
| Profit (loss) for the period to be appropriated9905 | €14k | €10k | €11k | €-2k | €31k | ▲ 1,857% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €210k | €187k | €216k | €231k | €251k | ▲ 8.8% |
| Fixed assets21/28 | €19k | €17k | €15k | €20k | €36k | ▲ 85.6% |
| Tangible fixed assets22/27 | €19k | €17k | €15k | €20k | €36k | ▲ 85.6% |
| Land and buildings22 | - | €16k | €14k | - | - | - |
| Plant, machinery and equipment23 | - | €1k | €2k | €17k | €32k | ▲ 83.7% |
| Furniture and vehicles24 | - | - | - | €2k | €4k | ▲ 99.7% |
| Current assets29/58 | €191k | €170k | €201k | €211k | €215k | ▲ 1.7% |
| Stocks and contracts in progress3 | €76k | €90k | €103k | €185k | €185k | ▲ 0.1% |
| Stocks30/36 | - | €90k | €103k | €185k | €185k | ▲ 0.1% |
| Amounts receivable within one year40/41 | €109k | €77k | €94k | €26k | €7k | ▼ 72.3% |
| Trade receivables40 | - | €77k | €91k | €15k | €7k | ▼ 51.9% |
| Other amounts receivable41 | - | - | €4k | €11k | €15 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €5k | €3k | €4k | €202 | €22k | ▲ 10,918% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €210k | €187k | €216k | €231k | €251k | ▲ 8.8% |
| Equity10/15 | €61k | €72k | €83k | €81k | €112k | ▲ 37.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €32k | ▲ 1,646% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | - | - | €31k | - |
| Profit (loss) carried forward14 | €41k | €51k | €62k | €61k | €61k | = |
| Amounts payable17/49 | €149k | €115k | €134k | €150k | €139k | ▼ 7.0% |
| Amounts payable within one year42/48 | €149k | €115k | €134k | €150k | €139k | ▼ 7.0% |
| Trade debts44 | €16k | €54k | €71k | €119k | €65k | ▼ 45.6% |
| Suppliers440/4 | - | €54k | €71k | €119k | €65k | ▼ 45.6% |
| Advances received on contracts in progress46 | - | - | €2k | €681 | €34k | ▲ 4,888% |
| Taxes, remuneration and social security45 | - | €21k | €39k | €12k | €24k | ▲ 103% |
| Taxes450/3 | - | €21k | €39k | €12k | €24k | ▲ 103% |
| Other amounts payable47/48 | - | €41k | €22k | €18k | €16k | ▼ 9.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €10k | €11k | €-2k | €31k | ▲ 1,857% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | - | €5k | - |
| Operating cash flow (approximation) | €16k | €13k | €14k | €-2k | €36k | ▲ 2,158% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €-4k | €-22k | ▼ 446% |
| Change in cash | - | €-3k | €858 | €-4k | €22k | ▲ 727% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
31-12
Financial
Equity above €100kEq €112k ▲37.8%
Equity rises from €81k to €112k.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 233 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Wommelgem · 1 establishment unit since 2018
Ground area
3.8 ha
Building footprint
2.4 ha
Volume, LiDAR
195,576 m³
2 parcels, Flanders · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Arslan
since 20182.279.593.040
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0199/00P000 | Flanders | 3.8 ha | 1 · 2.3 ha | 16.1 m · 3 fl. |
| 11422C0327/00L000 | Flanders | 124 m² | 1 · 124 m² | 14.6 m · 4 fl. |
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 144 companies in sector 46647 we hold annual accounts for 91. 64 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
Founded11-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46647Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.