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 €111,639 and a net result of €30,617. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 15862 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 €7,000 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 72 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€111,639▲ 37.8%
2023 · €81,022
Total assets
€250,935▲ 8.8%
2023 · €230,730
Net result
€30,617
2023 · -€1,743
Working capital
€75,441▲ 22.6%
2023 · €61,515
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€19,017▼ 49.0%€14,801▼ 22.2%€16,342▲ 10.4%€429▼ 97.4%€50,865▲ 11,766%
Net result€13,824▼ 51.7%€10,444▼ 24.5%€11,250▲ 7.7%-€1,743€30,617
Equity€61,071▲ 29.3%€71,515▲ 17.1%€82,765▲ 15.7%€81,022▼ 2.1%€111,639▲ 37.8%
Total assets€210,061▲ 273%€186,833▼ 11.1%€216,302▲ 15.8%€230,730▲ 6.7%€250,935▲ 8.8%
Debt€148,990▲ 1,552%€115,318▼ 22.6%€133,537▲ 15.8%€149,708▲ 12.1%€139,297▼ 7.0%
Working capital€41,684▼ 11.8%€54,640▲ 31.1%€67,273▲ 23.1%€61,515▼ 8.6%€75,441▲ 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 €250,935
Fixed assets
€36,197 ▲ 85.6%
Current assets
€214,738 ▲ 1.7%
Equity and liabilities €250,935
Equity
€111,639 ▲ 37.8%
Debt
€139,297 ▼ 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
€56,113
Cash flow
€35,865
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
€139,297▼
2023 · €149,708
Income taxes
€18,695▲
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 | - | - | - | €71,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,335 | €2,513 | €2,533 | - | €5,248 | - |
| Other operating charges640/8 | - | €1,637 | €4,223 | €7,004 | €5,646 | ▼ 19.4% |
| Non-recurring operating charges66A | - | - | - | €13,513 | - | - |
| Gross operating margin9900 | €23,736 | €18,951 | €23,097 | €20,945 | €61,759 | ▲ 195% |
| Operating profit (loss)9901 | €19,017 | €14,801 | €16,342 | €429 | €50,865 | ▲ 11,766% |
| Financial income75/76B | - | - | €6 | - | €0 | - |
| Recurring financial income75 | - | - | €6 | - | €0 | - |
| Financial charges65/66B | - | €1,195 | €1,578 | €1,761 | €1,553 | ▼ 11.8% |
| Recurring financial charges65 | €922 | €1,195 | €1,578 | €1,761 | €1,553 | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €18,095 | €13,606 | €14,770 | -€1,332 | €49,312 | ▲ 3,802% |
| Income taxes67/77 | €4,271 | €3,162 | €3,520 | €411 | €18,695 | ▲ 4,453% |
| Profit (loss) for the period9904 | €13,824 | €10,444 | €11,250 | -€1,743 | €30,617 | ▲ 1,857% |
| Profit (loss) for the period to be appropriated9905 | €13,824 | €10,444 | €11,250 | -€1,743 | €30,617 | ▲ 1,857% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €210,061 | €186,833 | €216,302 | €230,730 | €250,935 | ▲ 8.8% |
| Fixed assets21/28 | €19,387 | €16,874 | €15,492 | €19,507 | €36,197 | ▲ 85.6% |
| Tangible fixed assets22/27 | €19,387 | €16,874 | €15,492 | €19,507 | €36,197 | ▲ 85.6% |
| Land and buildings22 | - | €15,606 | €13,513 | - | - | - |
| Plant, machinery and equipment23 | - | €1,268 | €1,979 | €17,269 | €31,729 | ▲ 83.7% |
| Furniture and vehicles24 | - | - | - | €2,238 | €4,469 | ▲ 99.7% |
| Current assets29/58 | €190,674 | €169,958 | €200,810 | €211,223 | €214,738 | ▲ 1.7% |
| Stocks and contracts in progress3 | €76,242 | €90,189 | €102,705 | €185,177 | €185,316 | ▲ 0.1% |
| Stocks30/36 | - | €90,189 | €102,705 | €185,177 | €185,316 | ▲ 0.1% |
| Amounts receivable within one year40/41 | €109,024 | €76,906 | €94,385 | €25,844 | €7,157 | ▼ 72.3% |
| Trade receivables40 | - | €76,906 | €90,747 | €14,849 | €7,142 | ▼ 51.9% |
| Other amounts receivable41 | - | - | €3,637 | €10,994 | €15 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €5,407 | €2,863 | €3,721 | €202 | €22,264 | ▲ 10,918% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €210,061 | €186,833 | €216,302 | €230,730 | €250,935 | ▲ 8.8% |
| Equity10/15 | €61,071 | €71,515 | €82,765 | €81,022 | €111,639 | ▲ 37.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €32,477 | ▲ 1,646% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €30,617 | - |
| Profit (loss) carried forward14 | €40,611 | €51,055 | €62,305 | €60,562 | €60,562 | = |
| Amounts payable17/49 | €148,990 | €115,318 | €133,537 | €149,708 | €139,297 | ▼ 7.0% |
| Amounts payable within one year42/48 | €148,990 | €115,318 | €133,537 | €149,708 | €139,297 | ▼ 7.0% |
| Trade debts44 | €15,608 | €53,697 | €71,286 | €119,186 | €64,793 | ▼ 45.6% |
| Suppliers440/4 | - | €53,697 | €71,286 | €119,186 | €64,793 | ▼ 45.6% |
| Advances received on contracts in progress46 | - | - | €1,509 | €681 | €33,946 | ▲ 4,888% |
| Taxes, remuneration and social security45 | - | €20,801 | €39,233 | €12,042 | €24,408 | ▲ 103% |
| Taxes450/3 | - | €20,801 | €39,233 | €12,042 | €24,408 | ▲ 103% |
| Other amounts payable47/48 | - | €40,820 | €21,509 | €17,800 | €16,149 | ▼ 9.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,824 | €10,444 | €11,250 | -€1,743 | €30,617 | ▲ 1,857% |
| + Depreciation and write-downs630 | €2,335 | €2,513 | €2,533 | - | €5,248 | - |
| Operating cash flow (approximation) | €16,159 | €12,957 | €13,782 | -€1,743 | €35,865 | ▲ 2,158% |
| Investment in fixed assets (approximation) | - | €0 | -€1,150 | -€4,015 | -€21,938 | ▼ 446% |
| Change in cash | - | -€2,544 | €858 | -€3,518 | €22,062 | ▲ 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.
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 €30,617
Net result €30,617 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €111,639 ▲37.8%
Equity rises from €81,022 to €111,639.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Weakest financial yearnet -€1,743
Net result drops to -€1,743, 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.