Equity
-€50,868
Debts exceed assets in financial year 2025.
ARSLAN CONSTRUCTIONS
Overview
Lifetime
4 annual accounts with figures on one time axispeak €49,056 (2023)
€13,984▲ €16,247
lowest -€92,919 (2024)
-€306▲ €92,613
peak €42,357 (2023)
-€50,868▼ €306
€71,705▼ 19.0%
Board1 name since 2021
1 directorARSLAN Adem
Documentsfilings and deeds
02-02-20262 days late
2025micro format
Gross margin from -€2,263 to €13,984Loss of €306Debts from €88,578 to €71,705
Key points
from the 2025 annual accountsResult
-€306 ▲ 99.7%
The result rose in 2025 from -€92,919 to -€306.
Turnover
≈ €170,000 estimated
The micro format states no turnover.
Debts
€71,705 344% of the balance sheet
Financial debts 22%Suppliers 44%Taxes and wages 2%Other 32%
Of this, €56,000 falls due within a year.
Filings
4 annual accounts 3 late
The 2024 accounts came latest: 12 days after the end of the period.
Position in the sector
-244.1%
Lower solvency than 95% of companies in construction of buildings. Sector median 42.9% · 9,456 companies.
Checked score
47
Fair
Financially stronger than 15% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%lowest value
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 2.2%▲ +0.5 percentage points vs 01-2025
03-2025: 6.4%▲ +4.2 percentage points vs 02-2025
04-2025: 6.4%● unchanged vs 03-2025
05-2025: 6.2%▼ -0.2 percentage points vs 04-2025
06-2025: 6.2%● unchanged vs 05-2025
07-2025: 6.2%● unchanged vs 06-2025
08-2025: 6.2%● unchanged vs 07-2025
09-2025: 6.2%● unchanged vs 08-2025
10-2025: 6.1%▼ -0.1 percentage points vs 09-2025
11-2025: 6.4%▲ +0.3 percentage points vs 10-2025
12-2025: 6.4%● unchanged vs 11-2025
01-2026: 6.6%▲ +0.2 percentage points vs 12-2025
02-2026: 7.2%▲ +0.6 percentage points vs 01-2026highest value
03-2026: 4.1%▼ -3.1 percentage points vs 02-2026
04-2026: 4.1%● unchanged vs 03-2026
05-2026: 4.0%▼ -0.1 percentage points vs 04-2026
06-2026: 3.8%▼ -0.2 percentage points vs 05-2026
07-2026: 3.7%▼ -0.1 percentage points vs 06-2026
08-2026: 3.6%▼ -0.1 percentage points vs 07-2026
09-2026: 3.5%▼ -0.1 percentage points vs 08-2026
10-2026: 3.6%▲ +0.1 percentage points vs 09-2026
11-2026: 3.7%▲ +0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2021
Liquidity: current ratio 0.32, cash €95
lowers risk
Size: total assets €20,837
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 3% of them on solvency, 3% on liquidity, 18% on profitability and 34% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,564 companies had the same profile as ARSLAN CONSTRUCTIONS has now. Each dot stands for 4 companies, two years later.
88.9%
were still trading
5.4%
stopped another way
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARSLAN CONSTRUCTIONS itself: 3.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,564 companies, not a prediction for ARSLAN CONSTRUCTIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.32 (0.38 in 2024), below 1. Short-term debt is 268.7% and cash 0.5% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€50,868
raises risk · 2025 accounts filed 2 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
2 days late
2024
12 days late
2023
on the day
2022
1 day late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 4 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 2 February (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0768868619
Incorporation
Founding capital of €5,000, 100 shares · Founder: ARSLAN Adem · Appointment: ARSLAN Adem (director) · published on 01-06-2021 · Gazette deed
First establishment
Herenstraat 63, Sint-Gillis-Waas
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARSLAN CONSTRUCTIONS Sint-Gillis-Waas | €20,837 | €13,984 | -244.1% | - |
| Retour du Champion - Construct Denderleeuw | €24,596 | €14,247 | -34.9% | - |
| Fix't Lubbeek | €22,393 | €15,974 | -67.1% | - |
| Bouwwerken Dirk Mertens Malle | €22,068 | €17,406 | 21.1% | - |
| MOLKER CONCEPT Grimbergen | €20,483 | €16,393 | 47.4% | - |
| SECOTRA Quaregnon | €18,543 | €15,710 | 45.2% | - |
| Christian BUYLE Sprimont | €23,257 | €14,528 | 43.4% | - |
These companies have the same main activity as ARSLAN CONSTRUCTIONS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €18,500 and €24,600, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 28-05-2021Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Establishment unit
- 2.318.823.6029170 Sint-Gillis-Waas, since 28-05-2021
- Financial year end
- 30 June
- Peppol
- Reachable since 21-10-2025
Annual accounts to 30-06-2025
- €13,984
- €306▼ 99.7%
- -€50,868▼ 0.6%
- €20,837▼ 45.2%
- Filing
- Filed on 02-02-2026
Insights on ARSLAN CONSTRUCTIONS
ARSLAN CONSTRUCTIONS files the micro format. That format states no turnover. The gross margin rose from €1,885 in 2022 to €13,984 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 02-02-2026, 2 days late€13,984
▲ €16,247
€11,955
▲ €94,786
-€306
▲ €92,613
-€37,942
▲ €16,681
-244.1%
▼ 111.1 percentage points
0.32
▼ 0.06
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €87,000 and €300,000.
Balance sheet
balance sheet total €20,837 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-244.1%
Lower than 95% of 9,456 companies in 2025.
0.32
Lower than 95% of 9,204 companies in 2025.
-1.5%
Higher than 22% of 9,276 companies in 2025.
ARSLAN CONSTRUCTIONS
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
20,837 | 38,016 | 87,701 | 28,963 | |
21/28 |
2,780 | 4,061 | 5,343 | 2,944 | |
22/27 |
2,780 | 4,061 | 5,343 | 2,944 | |
23 |
1,770 | 2,683 | 3,596 | 2,944 | |
24 |
1,010 | 1,378 | 1,747 | - | |
29/58 |
18,057 | 33,955 | 82,358 | 26,019 | |
40/41 |
14,139 | 28,477 | 53,165 | 6,577 | |
40 |
9,187 | 27,823 | 44,884 | 1,632 | |
41 |
4,951 | 653 | 8,282 | 4,944 | |
54/58 |
95 | 0 | 22,697 | 11,978 | |
490/1 |
3,824 | 5,478 | 6,496 | 7,464 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
20,837 | 38,016 | 87,701 | 28,963 | |
10/15 |
-50,868 | -50,562 | 42,357 | 6,434 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
14 |
-55,868 | -55,562 | 37,357 | 1,434 | |
17/49 |
71,705 | 88,578 | 45,344 | 22,530 | |
17 |
15,705 | - | - | - | |
170/4 |
15,705 | - | - | - | |
42/48 |
56,000 | 88,578 | 44,844 | 22,530 | |
42 |
8,648 | - | - | - | |
43 |
0 | 11,907 | - | - | |
430/8 |
0 | 11,907 | - | - | |
44 |
31,309 | 67,480 | 32,312 | 15,554 | |
440/4 |
31,309 | 67,480 | 32,312 | 15,554 | |
45 |
1,754 | 8,348 | 12,532 | 6,975 | |
450/3 |
1,754 | 8,348 | 10,442 | 6,975 | |
454/9 |
- | 0 | 2,090 | - | |
47/48 |
14,288 | 843 | - | - | |
492/3 |
- | 0 | 500 | - | |
| Income statement | |||||
9900 |
13,984 | -2,263 | 49,056 | 1,885 | |
62 |
0 | 77,515 | 836 | 245 | |
630 |
1,282 | 1,282 | 1,009 | 56 | |
640/8 |
748 | 1,771 | 987 | - | |
9901 |
11,955 | -82,831 | 46,224 | 1,584 | |
75/76B |
0 | 0 | 25 | 225 | |
75 |
0 | 0 | 25 | 225 | |
65/66B |
11,967 | 9,800 | 627 | - | |
65 |
11,967 | 9,800 | 627 | - | |
9903 |
-12 | -92,630 | 45,623 | 1,809 | |
67/77 |
294 | 289 | 9,699 | 375 | |
9904 |
-306 | -92,919 | 35,924 | 1,434 | |
9905 |
-306 | -92,919 | 35,924 | 1,434 | |
| Appropriation of the result | |||||
9906 |
-55,868 | -55,562 | 37,357 | 1,434 | |
14P |
-55,562 | 37,357 | 1,434 | - | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 2 days after the deadline. Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00033271.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 13,236 | -81,549 | 47,233 | 1,640 | ||
| 976 | -91,638 | 36,932 | 1,489 | ||
| 0 | 0 | 3,408 | 3,000 | ||
| 95 | -22,697 | 10,718 | - | ||
| -37,942 | -54,623 | 37,514 | 3,489 | ||
| -244.1% | -133.0% | 48.3% | 22.2% | ||
| 0.32 | 0.38 | 1.84 | 1.15 | ||
| - | - | 1.07 | 3.50 | ||
| - | - | 84.8% | 22.3% | ||
| -1.5% | -244.4% | 41.0% | 4.9% | ||
| 1.11 | -8.32 | 75.34 | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €3,408 | €3,000 |
| €1,282 | €1,282 | €1,009 | €56 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on ARSLAN CONSTRUCTIONS
The operating result for 2025 is a profit of €11,955, after a loss of €82,831 in 2024.
Equity is negative. Debt (€71,705) exceeds the balance-sheet total (€20,837).
Board & ownership
Board
1 director, since incorporationDirector
since 28-05-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 02-02-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 12 - Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”deed of 01-06-2021
Mandates through the years
1 name, the dashed line is todayControl
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- -€509 in 2025
- Source
- deed of 01-06-2021
Articles of association
deed of 01-06-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Algemene vergadering bepaalt aantal,duur van opdracht en bij meerdere bestuurders bevoegdheid”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Nieuwe aandelen waarop in geld wordt ingeschreven, overblijvende aandelen eerst aan andere aandeelhouders die recht volledig hebben…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of December at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 01-06-2021 ↗
- ARSLAN Adem 100 shares (100%) · €5,000
Network & group
No group
ARSLAN CONSTRUCTIONS has no parent and no holdings in its annual accounts. ARSLAN Adem is the only director. ARSLAN CONSTRUCTIONS shares no director with another company.
Timeline
Timeline
9 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFmicro format · 2 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0768868619
Annual accounts 2024 filed PDFmicro format · 12 days late
2024
Weakest financial year net -€92,919 The net result drops to -€92,919, the lowest from 2022 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Highest result from 2022 to 2025 net €35,924 ▲2,406% The operating result of €46,224 and the net result of €35,924 are both a record.
Annual accounts 2022 filed PDFmicro format · 1 day late
2021
IncorporationFounding capital of €5,000, 100 shares · Founder: ARSLAN Adem · Appointment: ARSLAN Adem (director) · published on 01-06-20215 points ▸
- Registered office clause, Herenstraat 63, 9170 Sint-Gillis-Waas
- Director appointment, ARSLAN Adem
- Founder, ARSLAN Adem
- Founding capital, €5,000, 100 shares
- 100 shares
- The deed holds 3 more points.
First establishment Herenstraat 63, Sint-Gillis-Waas
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
ARSLAN CONSTRUCTIONS was incorporated on 28 May 2021 as a private limited company by one natural person, with a starting capital of €5,000.12 Since 2021, ARSLAN Adem has served as director.3 Total assets fell from €28,963 in 2022 to €20,837 in 2025.4
Company details
Identity
- Enterprise number
- 0768.868.619
- VAT number
- BE 0768.868.619
- Peppol ID
- 0208:0768868619
- Other Peppol ID
- 9925:BE0768868619
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 28-05-2021
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of December at 20:00deed of 01-06-2021 (in Dutch)
- Peppol
- Reachable since 21-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ARSLAN CONSTRUCTIONS in Dutch
- Name in the Peppol Directory
- Arslan Constructions - 000922
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 01-06-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 01-06-2021 (in Dutch)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
43331
Floor and wall tiling
43422
Screed work
Codes under NACEBEL 2008
41201
General construction of buildings main activity
43331
Floor and wall tiling
43996
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Algemene bouwwerken,omvattende het optrekken van de gebouwen,evenals de bekisting en het ijzervlechtwerk,funderings- en…”deed of 01-06-2021 (in Dutch)
4 activities
- Algemene bouwwerken,omvattende het optrekken van de gebouwen,evenals de bekisting en het ijzervlechtwerk,funderings- en betonwerken,graafwerken,afbraakwerken,alle renovatiewerken,de gehele of gedeeltelijke voltooiingswerken of de coördinatie hiervan wanneer zij door onderaannemers worden uitgevoerd,het optrekken van gefabriceerde gebouwen,voegwerken,chapewerken,dakbedekking in alle materialen,isolatiewerken tegen vochtigheid,thermische en geluidsisolatie,vloer- en tegelwerken,vloer- en muurbedekking,stukadoorwerken,arduin – en marmerwerken,timmer- en schrijnwerken,glaswerk,schilder- en behangwerk,centrale verwarming,lood- en zinkwerken,elektrische installatie,montage van serres,veranda’s in hout,metaal en kunststof,metaalbewerking en metalen kunstwerken,restauratiewerken,werken met hoogtewerker,optrekken en afbreken van steigers en werkplatforms,alle grondwerken,leggen van kabels en diverse leidingen,spoorlijnwerken,wegenwerken en bouw van niet metalen kunstwerken,tuinaanleg en onderhoud van diverse terreinen.
- Groot- en kleinhandel in bouwmaterialen,in- en uitvoer van bouwmaterialen,betonherstelling.
- Aankoop en verkoop,bouwen en verbouwen,verhuring van alle onroerende goederen.
- Verhuur van magazijnen,stockageruimtes,bedrijfsunits,garageboxen en staanplaatsen voor rollend materieel.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Herenstraat 63 registered office 9170 Sint-Gillis-Waas 4100101 General construction of residential buildings | 28-05-2021 | 2.318.823.602 |
Buildings and parcels at the address
- Ground area
- 296 m²
- Buildings
- 134 m²
- Volume, LiDAR
- 482 m³
- Tallest building
- 7.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46020E0070/00T003 | 296 m² | 1 · 134 m² | 7.3 m · 1 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0768.868.619