ARWOL
ActiveSummary
ARWOL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170,412 and a net result of -€854. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-34
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 8.31 against 7.94 in 2024; short-term debt: 12% and cash: 49.4% of total assets), and 12.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
16 d early
2023
16 d early
2022
32 d early
2021
138 d late
2020
58 d late
2019
61 d late
← 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 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€170,412▼ 0.5%
2024 · €171,267
Total assets
€195,026▼ 1.1%
2024 · €197,217
Net result
-€854
2024 · €5,468
Working capital
€171,570▼ 0.3%
2024 · €172,136
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
Line20212022202320242025
Operating result€28,747▲ 16.5%€33,408▲ 16.2%€9,977▼ 70.1%€8,461▼ 15.2%€512▼ 93.9%
Net result€21,027▲ 13.8%€23,946▲ 13.9%€6,489▼ 72.9%€5,468▼ 15.7%-€854
Equity€135,364▲ 18.4%€159,310▲ 17.7%€165,798▲ 4.1%€171,267▲ 3.3%€170,412▼ 0.5%
Total assets€182,215▲ 1.1%€230,913▲ 26.7%€229,033▼ 0.8%€197,217▼ 13.9%€195,026▼ 1.1%
Debt€46,851▼ 29.0%€71,603▲ 52.8%€63,235▼ 11.7%€25,950▼ 59.0%€24,614▼ 5.2%
Working capital€133,204▲ 17.7%€159,813▲ 20.0%€169,833▲ 6.3%€172,136▲ 1.4%€171,570▼ 0.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 94% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €195,026
Equity
€170,412 ▼ 0.5%
Debt
€24,614 ▼ 5.2%
Debt's share of the balance-sheet total falls from 13.2% to 12.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€800▼
2024 · €8,954
Cash flow
-€567▼
2024 · €5,961
Current ratio
8.31▲
2024 · 7.94
Quick ratio
4.86▲
2024 · 4.41
Debt to equity
0.14▼
2024 · 0.15
ROE
-0.5%▼
2024 · 3.2%
ROA
-0.4%▼
2024 · 2.8%
Interest coverage
2.36▼
2024 · 16.94
Debt ≤ 1 year
€23,456▼
2024 · €24,793
Income taxes
€1,231▼
2024 · €2,561
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 12,304 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 | €6,088 | €551 | €14,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,685 | €2,912 | €2,138 | €493 | €288 | ▼ 41.7% |
| Other operating charges640/8 | €833 | €903 | €806 | €502 | €872 | ▲ 73.5% |
| Gross operating margin9900 | €32,265 | €37,223 | €12,921 | €9,456 | €1,672 | ▼ 82.3% |
| Operating profit (loss)9901 | €28,747 | €33,408 | €9,977 | €8,461 | €512 | ▼ 93.9% |
| Financial income75/76B | €11 | €2 | €11 | €96 | €204 | ▲ 112% |
| Recurring financial income75 | €11 | €2 | €11 | €96 | €204 | ▲ 112% |
| Financial charges65/66B | €1,383 | €2,009 | €709 | €529 | €339 | ▼ 35.8% |
| Recurring financial charges65 | €917 | €2,009 | €709 | €529 | €339 | ▼ 35.8% |
| Non-recurring financial charges66B | €466 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €27,375 | €31,400 | €9,279 | €8,029 | €377 | ▼ 95.3% |
| Income taxes67/77 | €6,348 | €7,455 | €2,791 | €2,561 | €1,231 | ▼ 51.9% |
| Profit (loss) for the period9904 | €21,027 | €23,946 | €6,489 | €5,468 | -€854 | ▼ 116% |
| Profit (loss) for the period to be appropriated9905 | €21,027 | €23,946 | €6,489 | €5,468 | -€854 | ▼ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182,215 | €230,913 | €229,033 | €197,217 | €195,026 | ▼ 1.1% |
| Fixed assets21/28 | €4,430 | €2,918 | €780 | €288 | - | - |
| Tangible fixed assets22/27 | €4,351 | €2,918 | €780 | €288 | - | - |
| Plant, machinery and equipment23 | €3,641 | €1,645 | - | - | - | - |
| Furniture and vehicles24 | €710 | €1,273 | €780 | €288 | - | - |
| Financial fixed assets28 | €79 | - | - | - | - | - |
| Current assets29/58 | €177,785 | €227,995 | €228,253 | €196,929 | €195,026 | ▼ 1.0% |
| Stocks and contracts in progress3 | €74,852 | €80,705 | €83,918 | €87,556 | €81,074 | ▼ 7.4% |
| Stocks30/36 | €74,852 | €80,705 | €83,918 | €87,556 | €81,074 | ▼ 7.4% |
| Amounts receivable within one year40/41 | €8,337 | €18,626 | €13,851 | €14,795 | €14,305 | ▼ 3.3% |
| Trade receivables40 | €8,337 | €18,626 | €13,642 | €14,146 | €11,901 | ▼ 15.9% |
| Other amounts receivable41 | - | - | €209 | €649 | €2,404 | ▲ 271% |
| Cash at bank and in hand54/58 | €93,601 | €127,967 | €128,742 | €91,131 | €96,298 | ▲ 5.7% |
| Deferred charges and accrued income490/1 | €995 | €696 | €1,742 | €3,448 | €3,349 | ▼ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182,215 | €230,913 | €229,033 | €197,217 | €195,026 | ▼ 1.1% |
| Equity10/15 | €135,364 | €159,310 | €165,798 | €171,267 | €170,412 | ▼ 0.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | €18,592 | - | - | - | - | - |
| Share premium1100/10 | €18,592 | - | - | - | - | - |
| Reserves13 | €77,265 | €25,069 | €25,069 | €25,069 | €25,069 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €75,406 | €23,210 | €23,210 | €23,210 | €23,210 | = |
| Profit (loss) carried forward14 | €39,507 | €115,649 | €122,137 | €127,605 | €126,751 | ▼ 0.7% |
| Amounts payable17/49 | €46,851 | €71,603 | €63,235 | €25,950 | €24,614 | ▼ 5.2% |
| Amounts payable after more than one year17 | - | €1,031 | €1,048 | - | - | - |
| Financial debts170/4 | - | €1,031 | €1,048 | - | - | - |
| Amounts payable within one year42/48 | €44,581 | €68,182 | €58,420 | €24,793 | €23,456 | ▼ 5.4% |
| Current portion of amounts payable after more than one year42 | €1,036 | - | - | €1,030 | €913 | ▼ 11.4% |
| Trade debts44 | €7,628 | €16,890 | €7,509 | €17,088 | €17,980 | ▲ 5.2% |
| Suppliers440/4 | €7,628 | €16,890 | €7,509 | €17,088 | €17,980 | ▲ 5.2% |
| Taxes, remuneration and social security45 | €9,962 | €17,390 | €6,270 | €5,538 | €4,563 | ▼ 17.6% |
| Taxes450/3 | €9,962 | €17,390 | €6,270 | €5,538 | €4,563 | ▼ 17.6% |
| Other amounts payable47/48 | €25,955 | €33,901 | €44,641 | €1,138 | - | - |
| Accrued charges and deferred income492/3 | €2,270 | €2,390 | €3,767 | €1,157 | €1,158 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,027 | €23,946 | €6,489 | €5,468 | -€854 | ▼ 116% |
| + Depreciation and write-downs630 | €2,685 | €2,912 | €2,138 | €493 | €288 | ▼ 41.7% |
| Operating cash flow (approximation) | €23,712 | €26,857 | €8,626 | €5,961 | -€567 | ▼ 110% |
| Investment in fixed assets (approximation) | - | -€1,400 | €0 | €0 | - | - |
| Change in cash | - | €34,366 | €775 | -€37,611 | €5,167 | ▲ 114% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 7.94
Current ratio from 3.91 to 7.94; short-term debt falls from €58,420 to €24,793.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €23,946 ▲13.9%
Operating result €33,408, net result €23,946, both a record.
31-12
Financial
Equity above €150,000Eq €159,310 ▲17.7%
4 profitable years in a row build equity to €159,310.
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 138 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
31-12
Financial
Equity above €100,000Eq €114,337 ▲19.3%
2 profitable years in a row build equity to €114,337.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Back to profitnet €17,632
Net result €17,632 after one loss-making year.
Show earlier events
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
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, Kortrijk · 1 establishment unit since 1995
Ground area
409 m²
Building footprint
242 m²
Volume, LiDAR
1,879 m³
Parcel 34352A0017/00H009, Flanders · tallest building 13.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARWOL
since 19952.052.799.617
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352A0017/00H009 | Flanders | 409 m² | 1 · 242 m² | 13.8 m · 2 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.
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WITH US
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Of 2,336 companies in sector 47251 we hold annual accounts for 422. 291 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
Founded13-05-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47251Retail sale of wines and spirits
46412Wholesale of household textiles and bedding
47512Retail sale of household textiles and bedding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444087972
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.