Active BE 0404.138.226Public limited company

ARWY

Langepad(HRT) 1 ·2200 Herentals, Belgium· 58 yrs active

Sector: Groothandel in schoeisel (46425)

Conclusion Checked

The KBO register records legal situation 050 for ARWY (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €4.30M and a net result of €-178k.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€4.30M
Net result	€-178k
Staff (FTE)	5.7
Better than sector	61%

Snowflake analysis 5 of 5 axes measured · computed by Checked

23 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 12

Solvency 65

Growth 40

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

20 / 100

Moderate riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· 2 historical bankruptcy publications (+20)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

0 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 26-02-2024 with the NBB · fiscal year 2023 · volledig

RevenueOperating resultNet result

Sector comparison

Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	40.4%	29.7%	better than 61% of 586 sector peers
Net result	€-178k	€38k	better than 14% of 585 sector peers
Equity	€4.30M	€481k	better than 79% of 586 sector peers
Staff costs	€421k	€506k	higher than 47% of 441 sector peers
Employees (FTE)	5.7	7.5	better than 42% of 388 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€9.29M

-0.5% 18-23

EBITDA

€381k

+7.6% 18-23

Net profit

€-178k

-211.3% 18-23

Cash flow

€-105k

- 18-23

Total assets

€10.65M

+44.8% 18-23

Equity

€4.30M

+195.6% 18-23

Working capital

€786k

-11.7% 18-23

Employees (FTE)

6

-19.7% 18-23

Staff costs

€421k

-20.0% 18-23

Income taxes

€2k

-36.6% 18-23

Dividends

€30k

- 18-23

Debt

€6.35M

+7.7% 18-23

Debt ≤ 1y

€6.35M

+7.9% 18-23

Debt > 1y

€10k

-66.7% 18-23

Current ratio

1.12

-2.4% 18-23

Quick ratio

0.41

+10.3% 18-23

Solvency

40.4%

+104.1% 18-23

Debt / equity

1.48

-63.6% 18-23

ROE

-4.1%

-5.3% 18-23

ROA

-1.7%

-114.9% 18-23

Net margin

-1.9%

-212.7% 18-23

EBITDA margin

4.1%

+8.1% 18-23

Interest coverage

1.34

-52.5% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	volledig
Revenue	€9.29M
EBITDA	€381k
Net profit	€-178k
Cash flow	€-105k
Staff costs	€421k
Income taxes	€2k
Dividends	-
Total assets	€10.65M
Equity	€4.30M
Debt	€6.35M
of which ≤ 1y	€6.35M
of which > 1y	-
Working capital	€786k
Employees (FTE)	5.7

Ratios (computed)

	2023
Current ratio	1.12
Quick ratio	0.41
Working capital ratio	7.4%
Solvency	40.4%
Debt / equity	1.48
Long-term debt ratio	-
Interest coverage	1.34
Gross margin	27.5%
Net margin	-1.9%
ROA	-1.7%
ROE	-4.1%
EBITDA margin	4.1%
Days sales outstanding	103d
Days payable outstanding	1d
Inventory turnover	1.49
Days inventory (DSI)	245d

Balance-sheet composition 2023

Assets

Fixed assets €3.51M · 33.0% Current assets €7.14M · 67.0%

Equity & liabilities

Equity €4.30M · 40.4% Debt €6.35M · 59.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€10.65M
Fixed assets	21/28	€3.51M
Intangible fixed assets	21	€305k
Tangible fixed assets	22/27	€3.19M
Financial fixed assets	28	€15k
Current assets	29/58	€7.14M
Stocks & contracts in progress	3	€4.52M
Amounts receivable within one year	40/41	€2.62M
Cash & bank	54/58	€505
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€10.65M
Equity	10/15	€4.30M
Contributions / capital	10/11	€161k
Reserves	13	€1.79M
Accumulated profits (losses)	14	€-675k
Amounts payable	17/49	€6.35M
Amounts payable within one year	42/48	€6.35M
Trade debts payable within one year	44	€14k
Income statement
Turnover	70	€9.29M
Operating result	9901	€308k
Financial charges	65	€484k
Result before taxes	9903	€-176k
Income taxes	67/77	€2k
Net result for the period	9904	€-178k
Result to be appropriated	9905	€-178k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	SENNE DRAULANS VEERLESEWEG 2 BUS 1, 2440 GEEL-	08-10-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Groothandel in schoeisel(46425)
Legal form	Public limited company(014)
Incorporation	01-01-1968
Status	Active
Postal code	2200
First BS signal	25-02-2025
Latest BS signal	22-06-2026

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

22-06-2026

Bankruptcy Bankruptcy closure (by liquidation)

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · ARWY NV LANGE- PAD(HRT) 1, 2200 HERENTALS · event 16-06-2026

2025

25-02-2025

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · ARWY NV LANGEPAD(HRT) 1, 2200 HERENTALS · event 08-10-2024

2024

26-02-2024