Karwei Arrova
ActiveKarwei Arrova has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €11k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+40
Solvency89▲+20
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 2.28 in 2024; short-term debt: 33.2% and cash: 43.5% of total assets), and 35.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.2%
Return on assets
16.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-03-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
44 d early
2023
40 d early
2022
47 d early
2021
31 d early
2020
15 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▲ 34.9%
2024 · €31k
2018: €10k
2019: €21k
2020: €22k
2021: €21k
2022: €43k
2023: €52k
2024: €31k
2018 → 2025
Total assets
€64k▼ 8.3%
2024 · €70k
2018: €36k
2019: €42k
2020: €123k
2021: €123k
2022: €138k
2023: €113k
2024: €70k
2018 → 2025
Net result
€11k
2024 · €-12k
2018: €5k
2019: €11k
2020: €941
2021: €-648
2022: €22k
2023: €9k
2024: €-12k
2018 → 2025
Working capital
€30k▲ 4.5%
2024 · €29k
2018: €-3k
2019: €12k
2020: €-20k
2021: €-8k
2022: €16k
2023: €28k
2024: €29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€43k▲ 101%€52k▲ 21.7%€31k▼ 41.5%€41k▲ 34.9%
Operating result€1k-€27k▲ 2,056%€2k▼ 94.2%€-9k€9k
Net result€-648-€22k€9k▼ 56.9%€-12k€11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9k after a loss of €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€13k▼ 31.6%
Current assets
€51k▲ 0.5%
Equity and liabilities €64k
Equity
€41k▲ 34.9%
Debt
€23k▼ 41.7%
The debt ratio falls from 56.4% to 35.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €22k
Cash flow
€17k▼
2024 · €19k
Solvency
64.2%▲
2024 · 43.6%
Current ratio
2.40▲
2024 · 2.28
Quick ratio
2.40▲
2024 · 2.28
Debt / equity
0.56▼
2024 · 1.29
ROE
25.9%▲
2024 · -40.5%
ROA
16.6%▲
2024 · -17.7%
Interest coverage
21.60▲
2024 · 15.46
Debt
€23k▼
2024 · €40k
Debt ≤ 1 year
€21k▼
2024 · €22k
Debt > 1 year
€2k▼
2024 · €17k
Income taxes
€594▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€70k€64k▼
Fixed assets21/28€19k€13k▼
Tangible fixed assets22/27€17k€11k▼
Land and buildings22€589€130▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€14k€9k▼
Financial fixed assets28€2k€2k▲
Current assets29/58€51k€51k▲
Amounts receivable within one year40/41€22k€23k▲
Trade receivables40€15k€19k▲
Other amounts receivable41€7k€4k▼
Cash at bank and in hand54/58€28k€28k▲
Deferred charges and accrued income490/1€1k€547▼
Equity and liabilities
Total equity and liabilities10/49€70k€64k▼
Equity10/15€31k€41k▲
Contributions10/11€11k€11k=
Reserves13€32k€32k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€-12k€-2k▲
Amounts payable17/49€40k€23k▼
Amounts payable after more than one year17€17k€2k▼
Financial debts170/4€17k€2k▼
Amounts payable within one year42/48€22k€21k▼
Current portion of amounts payable after more than one year42€8k€5k▼
Trade debts44€5k€15k▲
Suppliers440/4€5k€15k▲
Taxes, remuneration and social security45€715€1k▲
Taxes450/3€715€1k▲
Other amounts payable47/48€9k€94▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€6k▼
Other operating charges640/8€909€976▲
Gross operating margin9900€23k€16k▼
Operating profit (loss)9901€-9k€9k▲
Financial income75/76B€781€3k▲
Recurring financial income75€781€3k▲
Financial charges65/66B€1k€711▼
Recurring financial charges65€1k€711▼
Profit (loss) for the period before taxes9903€-10k€11k▲
Income taxes67/77€3k€594▼
Profit (loss) for the period9904€-12k€11k▲
Profit (loss) for the period to be appropriated9905€-12k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-2k▲
Profit (loss) brought forward from the previous period14P€92€-12k▼
Transfer from equity791/2€9k-
Profit to be distributed694/7€9k-
Return on contributions (dividend)694€9k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-12k ▼233%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hasselt · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kuilenbeekstraat 13511 HasseltGround area
663 m²
Building footprint
120 m²
Parcel 71032A0214/00C003, Flanders. Linked by address, not a title deed.
1 establishment unit
Karwei Arrova
since 20102.186.526.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71032A0214/00C003 | Flanders | 663 m² | 1 · 120 m² | 0.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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VINTAGE STEALS
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Of 4,422 companies in sector 46180 we hold annual accounts for 1,886. 1,324 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2010
Fiscal year end30-09
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
46130Agents in the wholesale of timber and building materials
46170Agents in the wholesale of food, beverages and tobacco
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@karwei-arrova.be