ARWY
Bankruptcy closedInactive since 17-06-2026; last annual accounts for fiscal year 2023.
Summary
ARWY was declared bankrupt on 08-10-2024 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed by liquidation by judgment of 16-06-2026, published in the Belgian State Gazette on 22-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-02-2024, 156 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
156 d early
2022
95 d early
2021
95 d early
2020
92 d early
2019
101 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 108 days before 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
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Wholesale trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
€9.3m▼ 0.5%
2022 · €9.3m
EBIT margin
3.3%▲ 0.2pp
2022 · 3.1%
Net result
-€178,370▼ 211%
2022 · -€57,306
Working capital
€786,132▼ 11.7%
2022 · €889,839
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€12.7m▲ 2.4%€9.9m▼ 21.6%€9.4m▼ 5.5%€9.3m▼ 0.6%€9.3m▼ 0.5%
Operating result€374,085▼ 17.2%-€71,375€277,868€285,870▲ 2.9%€307,673▲ 7.6%
Net result€13,144▼ 62.3%-€367,198below the sector's middle half-€72,007below the sector's middle half▲ 80.4%-€57,306below the sector's middle half▲ 20.4%-€178,370below the sector's middle half▼ 211%
EBIT margin3.0%▼ 0.7pp-0.7%▼ 3.7pp3.0%▲ 3.7pp3.1%▲ 0.1pp3.3%▲ 0.2pp
Equity€2.0m▲ 0.7%€1.6mwithin the sector's middle half▼ 18.8%€1.5mwithin the sector's middle half▼ 4.5%€1.5mwithin the sector's middle half▼ 3.8%€4.3mwithin the sector's middle half▲ 196%
Total assets€6.7m▲ 4.2%€6.2mwithin the sector's middle half▼ 6.8%€6.4mwithin the sector's middle half▲ 3.8%€7.4mwithin the sector's middle half▲ 14.1%€10.6mwithin the sector's middle half▲ 44.8%
Debt€4.7m▲ 5.7%€4.6m▼ 1.8%€4.9m▲ 6.7%€5.9m▲ 19.6%€6.4m▲ 7.7%
Working capital€1.7m▼ 7.9%€1.3mwithin the sector's middle half▼ 22.6%€1.1mwithin the sector's middle half▼ 13.2%€889,839within the sector's middle half▼ 20.1%€786,132within the sector's middle half▼ 11.7%
Solvency29.3%▼ 1.0pp25.5%within the sector's middle half▼ 3.8pp23.5%within the sector's middle half▼ 2.1pp19.8%within the sector's middle half▼ 3.7pp40.4%within the sector's middle half▲ 20.6pp
Current ratio1.36▼ 0.061.28within the sector's middle half▼ 0.081.23within the sector's middle half▼ 0.051.15below the sector's middle half▼ 0.081.12below the sector's middle half▼ 0.03
Return on assets (ROA)0.2%▼ 0.3pp-5.9%below the sector's middle half▼ 6.1pp-1.1%below the sector's middle half▲ 4.8pp-0.8%below the sector's middle half▲ 0.3pp-1.7%below the sector's middle half▼ 0.9pp
Staff (FTE)8.4▲ 2.4%7.9within the sector's middle half▼ 6.0%7.2within the sector's middle half▼ 8.9%7.1within the sector's middle half▼ 1.4%5.7within the sector's middle half▼ 19.7%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 8% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €10.6m
Fixed assets
€3.5m ▲ 511%
Current assets
€7.1m ▲ 5.3%
Equity and liabilities €10.6m
Equity
€4.3m ▲ 196%
Debt
€6.4m ▲ 7.7%
Debt's share of the balance-sheet total falls from 80.2% to 59.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€381,115▲
2022 · €354,311
Cash flow
-€104,927▼
2022 · €11,134
Quick ratio
0.41▲
2022 · 0.37
Debt to equity
1.48▼
2022 · 4.06
ROE
-4.1%▼
2022 · -3.9%
Interest coverage
1.34▼
2022 · 2.83
Debt ≤ 1 year
€6.4m▲
2022 · €5.9m
Income taxes
€2,379▼
2022 · €3,751
Staff costs
€421,343▼
2022 · €526,817
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €9.4m | €9.4m | €9.3m | ▼ 0.6% |
| Turnover70 | €12.7m | €9.9m | €9.4m | €9.3m | €9.3m | ▼ 0.5% |
| Other operating income74 | - | - | €25,825 | €29,944 | €20,177 | ▼ 32.6% |
| Operating charges60/66A | - | - | €9.1m | €9.1m | €9.0m | ▼ 0.8% |
| Goods for resale, raw materials and consumables60 | - | - | €6.8m | €6.7m | €6.7m | ▲ 0.4% |
| Purchases600/8 | - | - | €6.7m | €6.8m | €6.7m | ▼ 1.9% |
| Change in stocks: decrease (increase)609 | - | - | €138,361 | -€97,905 | €58,724 | ▲ 160% |
| Services and other goods61 | - | - | €1.8m | €1.7m | €1.7m | ▲ 0.4% |
| Remuneration, social security and pensions62 | - | - | €464,799 | €526,817 | €421,343 | ▼ 20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,801 | €43,866 | €45,516 | €68,441 | €73,442 | ▲ 7.3% |
| Other operating charges640/8 | - | - | €38,645 | €56,539 | €46,629 | ▼ 17.5% |
| Operating profit (loss)9901 | €374,085 | -€71,375 | €277,868 | €285,870 | €307,673 | ▲ 7.6% |
| Financial income75/76B | - | - | €33 | €33 | - | - |
| Recurring financial income75 | €46,897 | €15,319 | €33 | €33 | - | - |
| Other financial income752/9 | - | - | €33 | €33 | - | - |
| Financial charges65/66B | - | - | €346,558 | €339,457 | €483,664 | ▲ 42.5% |
| Recurring financial charges65 | €390,714 | €307,314 | €346,558 | €339,457 | €483,664 | ▲ 42.5% |
| Debt charges650 | €98,658 | €110,242 | €102,202 | €125,354 | €283,780 | ▲ 126% |
| Other financial charges652/9 | - | - | €244,356 | €214,103 | €199,884 | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | €30,268 | -€363,369 | -€68,657 | -€53,555 | -€175,991 | ▼ 229% |
| Income taxes67/77 | €17,124 | €3,830 | €3,349 | €3,751 | €2,379 | ▼ 36.6% |
| Taxes670/3 | - | - | €3,349 | €3,751 | €2,379 | ▼ 36.6% |
| Profit (loss) for the period9904 | €13,144 | -€367,198 | -€72,007 | -€57,306 | -€178,370 | ▼ 211% |
| Profit (loss) for the period to be appropriated9905 | €13,144 | -€367,198 | -€72,007 | -€57,306 | -€178,370 | ▼ 211% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.7m | €6.2m | €6.4m | €7.4m | €10.6m | ▲ 44.8% |
| Fixed assets21/28 | €361,764 | €349,827 | €427,791 | €574,413 | €3.5m | ▲ 511% |
| Intangible fixed assets21 | €135,669 | €123,119 | €170,289 | €346,668 | €305,138 | ▼ 12.0% |
| Tangible fixed assets22/27 | €210,630 | €211,242 | €242,036 | €212,279 | €3.2m | ▲ 1,403% |
| Land and buildings22 | - | - | €167,563 | €150,835 | €3.2m | ▲ 1,993% |
| Plant, machinery and equipment23 | - | - | €656 | €6,068 | €4,704 | ▼ 22.5% |
| Furniture and vehicles24 | - | - | €73,817 | €55,376 | €30,166 | ▼ 45.5% |
| Financial fixed assets28 | €15,466 | €15,466 | €15,466 | €15,466 | €15,466 | = |
| Other financial fixed assets284/8 | - | - | €15,466 | €15,466 | €15,466 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €15,466 | €15,466 | €15,466 | = |
| Current assets29/58 | €6.3m | €5.9m | €6.0m | €6.8m | €7.1m | ▲ 5.3% |
| Stocks and contracts in progress3 | €4.4m | €4.6m | €4.5m | €4.6m | €4.5m | ▼ 1.3% |
| Stocks30/36 | - | - | €4.5m | €4.6m | €4.5m | ▼ 1.3% |
| Goods purchased for resale34 | - | - | €4.5m | €4.6m | €4.5m | ▼ 1.3% |
| Amounts receivable within one year40/41 | €1.8m | €1.2m | €1.5m | €2.2m | €2.6m | ▲ 19.1% |
| Trade receivables40 | - | - | €1.5m | €2.2m | €2.6m | ▲ 19.1% |
| Cash at bank and in hand54/58 | €111,047 | €7,017 | €3,908 | €1,745 | €505 | ▼ 71.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.7m | €6.2m | €6.4m | €7.4m | €10.6m | ▲ 44.8% |
| Equity10/15 | €2.0m | €1.6m | €1.5m | €1.5m | €4.3m | ▲ 196% |
| Contributions10/11 | €161,131 | €161,131 | €161,131 | €161,131 | €161,131 | = |
| Capital10 | - | - | €161,131 | €161,131 | €161,131 | = |
| Issued capital100 | - | - | €161,131 | €161,131 | €161,131 | = |
| Revaluation surpluses12 | - | - | - | - | €3.0m | - |
| Reserves13 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Non-distributable reserves130/1 | - | - | €16,113 | €16,113 | €16,113 | = |
| Legal reserve130 | - | - | €16,113 | €16,113 | €16,113 | = |
| Tax-exempt reserves132 | - | - | €59,088 | €59,088 | €59,088 | = |
| Distributable reserves133 | - | - | €1.7m | €1.7m | €1.7m | = |
| Profit (loss) carried forward14 | €13,144 | -€367,198 | -€439,205 | -€496,511 | -€674,881 | ▼ 35.9% |
| Amounts payable17/49 | €4.7m | €4.6m | €4.9m | €5.9m | €6.4m | ▲ 7.7% |
| Amounts payable after more than one year17 | €70,000 | €50,000 | €30,000 | €10,000 | - | - |
| Financial debts170/4 | - | - | €30,000 | €10,000 | - | - |
| Credit institutions173 | - | - | €30,000 | €10,000 | - | - |
| Amounts payable within one year42/48 | €4.6m | €4.6m | €4.9m | €5.9m | €6.4m | ▲ 7.9% |
| Current portion of amounts payable after more than one year42 | - | - | €20,000 | €20,000 | €10,000 | ▼ 50.0% |
| Financial debts43 | - | - | €4.7m | €5.7m | €6.0m | ▲ 6.2% |
| Credit institutions430/8 | - | - | €4.7m | €5.7m | €6.0m | ▲ 6.2% |
| Trade debts44 | €74,974 | €26,847 | €5,857 | €10,543 | €14,017 | ▲ 32.9% |
| Suppliers440/4 | - | - | €5,857 | €10,543 | €14,017 | ▲ 32.9% |
| Taxes, remuneration and social security45 | - | - | €190,237 | €165,528 | €207,012 | ▲ 25.1% |
| Taxes450/3 | - | - | €132,022 | €84,997 | €123,259 | ▲ 45.0% |
| Remuneration and social security454/9 | - | - | €58,215 | €80,532 | €83,753 | ▲ 4.0% |
| Other amounts payable47/48 | - | - | €33,542 | €31,926 | €106,200 | ▲ 233% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,144 | -€367,198 | -€72,007 | -€57,306 | -€178,370 | ▼ 211% |
| + Depreciation and write-downs630 | €38,801 | €43,866 | €45,516 | €68,441 | €73,442 | ▲ 7.3% |
| Operating cash flow (approximation) | €51,945 | -€323,333 | -€26,491 | €11,134 | -€104,927 | ▼ 1,042% |
| Investment in fixed assets (approximation) | - | -€31,928 | -€123,480 | -€215,062 | -€3.0m | ▼ 1,300% |
| Change in cash | - | -€104,030 | -€3,109 | -€2,163 | -€1,240 | ▲ 42.7% |
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
2026
22-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 16-06-2026
2025
25-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 08-10-2024
2024
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €2mEq €4.3m ▲196%
Equity rises from €1.5m to €4.3m.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€367,198
Net result drops to -€367,198, the lowest in the series.
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
16-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Herentals
Ground area
8,208 m²
Building footprint
2,637 m²
Volume, LiDAR
16,510 m³
Parcel 13302C0516/00B000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302C0516/00B000 | Flanders | 8,208 m² | 1 · 2,637 m² | 11.3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SENNE DRAULANS VEERLESEWEG 2 BUS 1, 2440 GEEL- |
08-10-2024 → 16-06-2026 |
Structure & network
Owners and holdings
2 ownersOwners 2
- Sourceaccounts ALNICO 202550%
- Sourceaccounts LAMAXA 202550%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
549300ZI5FN3C2UAC069
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Of 200 companies in sector 46425 we hold annual accounts for 135. 52 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
46425Wholesale trade
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47120Other non-specialised retail sale
95290Repair and maintenance of other personal and household goods
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.