L'ARIN
Open bankruptcyA bankruptcy procedure is open for L'ARIN according to publications in the Belgian State Gazette; curator: TINEKE VAN WEYENBERG.
Summary
The 2022 annual accounts show equity of €1k and a net result of €-5k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-10-2023, 86 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
86 d late
2021
396 d late
2020
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€1k▼ 80.8%
2021 · €6k
2020: €16khighest in 3 years
2021: €6k▼ -60.0% vs 2020
2022: €1k▼ -80.8% vs 2021lowest in 3 years
2020 → 2022
Total assets
€76k▲ 11.1%
2021 · €69k
2020: €50klowest in 3 years
2021: €69k▲ +37.2% vs 2020
2022: €76k▲ +11.1% vs 2021highest in 3 years
2020 → 2022
Net result
€-5k▲ 46.1%
2021 · €-9k
2020: €-3khighest in 3 years
2021: €-9k▼ -199% vs 2020lowest in 3 years
2022: €-5k▲ +46.1% vs 2021
2020 → 2022
Working capital
€-23k▼ 0.6%
2021 · €-23k
2020: €12khighest in 3 years
2021: €-23k▼ -289% vs 2020
2022: €-23k▼ -0.6% vs 2021lowest in 3 years
2020 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€16k-€6k▼ 60.0%€1k▼ 80.8%
2020: €16khighest in 3 years
2021: €6k▼ -60.0% vs 2020
2022: €1k▼ -80.8% vs 2021lowest in 3 years
Operating result€-2k-€-8k▼ 313%€621
2020: €-2k
2021: €-8k▼ -313% vs 2020lowest in 3 years
2022: €621▲ +108% vs 2021highest in 3 years
Net result€-3k-€-9k▼ 199%€-5k▲ 46.1%
2020: €-3khighest in 3 years
2021: €-9k▼ -199% vs 2020lowest in 3 years
2022: €-5k▲ +46.1% vs 2021
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 2022: €621 after a loss of €8k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €76k
Fixed assets
€42k =
Current assets
€35k ▲ 28.2%
Equity and liabilities €76k
Equity
€1k ▼ 80.8%
Debt
€75k ▲ 20.4%
Debt's share of the balance-sheet total rises from 90.8% to 98.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.60▲
2021 · 0.54
Quick ratio
0.24▲
2021 · 0.19
Debt to equity
62.22▲
2021 · 9.91
ROE
-421.6%▼
2021 · -149.8%
ROA
-6.7%▲
2021 · -13.7%
Debt ≤ 1 year
€57k▲
2021 · €50k
Debt > 1 year
€18k▲
2021 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 40 lines
Balance sheet
Code20212022
Assets
Total assets20/58€69k€76k▲
Fixed assets21/28€42k€42k=
Intangible fixed assets21€38k€38k=
Financial fixed assets28€4k€4k=
Current assets29/58€27k€35k▲
Stocks and contracts in progress3€18k€21k▲
Stocks30/36€18k€21k▲
Amounts receivable within one year40/41€8k€14k▲
Trade receivables40€6k€11k▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€1k€103▼
Equity and liabilities
Total equity and liabilities10/49€69k€76k▲
Equity10/15€6k€1k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-13k€-18k▼
Amounts payable17/49€62k€75k▲
Amounts payable after more than one year17€13k€18k▲
Financial debts170/4€13k€18k▲
Amounts payable within one year42/48€50k€57k▲
Current portion of amounts payable after more than one year42€5k€6k▲
Financial debts43€18k€41k▲
Credit institutions430/8€18k€41k▲
Trade debts44€25k€8k▼
Suppliers440/4€25k€8k▼
Advances received on contracts in progress46-€192
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k-
Other operating charges640/8€1k€1k▲
Gross operating margin9900€772€2k▲
Operating profit (loss)9901€-8k€621▲
Financial income75/76B€254-
Recurring financial income75€254-
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€-9k€-5k▲
Profit (loss) for the period9904€-9k€-5k▲
Profit (loss) for the period to be appropriated9905€-9k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-18k▼
Profit (loss) brought forward from the previous period14P€-3k€-13k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €7k | - | - |
| Other operating charges640/8 | - | €1k | €1k | ▲ 11.9% |
| Gross operating margin9900 | €1k | €772 | €2k | ▲ 141% |
| Operating profit (loss)9901 | €-2k | €-8k | €621 | ▲ 108% |
| Financial income75/76B | - | €254 | - | - |
| Recurring financial income75 | €1 | €254 | - | - |
| Financial charges65/66B | - | €2k | €6k | ▲ 175% |
| Recurring financial charges65 | €1k | €2k | €6k | ▲ 175% |
| Profit (loss) for the period before taxes9903 | €-3k | €-9k | €-5k | ▲ 46.1% |
| Profit (loss) for the period9904 | €-3k | €-9k | €-5k | ▲ 46.1% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-9k | €-5k | ▲ 46.1% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €50k | €69k | €76k | ▲ 11.1% |
| Fixed assets21/28 | €21k | €42k | €42k | = |
| Intangible fixed assets21 | €21k | €38k | €38k | = |
| Financial fixed assets28 | €50 | €4k | €4k | = |
| Current assets29/58 | €29k | €27k | €35k | ▲ 28.2% |
| Stocks and contracts in progress3 | €6k | €18k | €21k | ▲ 17.9% |
| Stocks30/36 | - | €18k | €21k | ▲ 17.9% |
| Amounts receivable within one year40/41 | €4k | €8k | €14k | ▲ 71.9% |
| Trade receivables40 | - | €6k | €11k | ▲ 105% |
| Other amounts receivable41 | - | €2k | €2k | ▼ 8.2% |
| Cash at bank and in hand54/58 | €19k | €1k | €103 | ▼ 92.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €50k | €69k | €76k | ▲ 11.1% |
| Equity10/15 | €16k | €6k | €1k | ▼ 80.8% |
| Contributions10/11 | - | €19k | €19k | = |
| Profit (loss) carried forward14 | €-3k | €-13k | €-18k | ▼ 40.4% |
| Amounts payable17/49 | €34k | €62k | €75k | ▲ 20.4% |
| Amounts payable after more than one year17 | €18k | €13k | €18k | ▲ 38.9% |
| Financial debts170/4 | - | €13k | €18k | ▲ 38.9% |
| Amounts payable within one year42/48 | €17k | €50k | €57k | ▲ 15.6% |
| Current portion of amounts payable after more than one year42 | - | €5k | €6k | ▲ 26.8% |
| Financial debts43 | - | €18k | €41k | ▲ 130% |
| Credit institutions430/8 | - | €18k | €41k | ▲ 130% |
| Trade debts44 | €4k | €25k | €8k | ▼ 68.6% |
| Suppliers440/4 | - | €25k | €8k | ▼ 68.6% |
| Advances received on contracts in progress46 | - | - | €192 | - |
| Taxes, remuneration and social security45 | - | €2k | €2k | ▲ 13.6% |
| Taxes450/3 | - | €2k | €2k | ▲ 13.6% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-9k | €-5k | ▲ 46.1% |
| + Depreciation and write-downs630 | €3k | €7k | - | - |
| Operating cash flow (approximation) | €-138 | €-2k | €-5k | ▼ 136% |
| Investment in fixed assets (approximation) | - | €-27k | €0 | ▲ 100% |
| Change in cash | - | €-17k | €-1k | ▲ 92.9% |
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
2024
21-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 17-06-2024
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 86 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 396 days late
2021
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brussel · 1 establishment unit since 2019
Ground area
581 m²
Building footprint
286 m²
Volume, LiDAR
4,178 m³
2 parcels, Brussels, Flanders · tallest building 24.5 m, ±7 floors. Linked by address, not a title deed.
78
companies at this address
See who is registered here
1 establishment unit
L'ARIN
since 20192.294.625.961
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42010A1055/00H002 | Flanders | 311 m² | 1 · 98 m² | 2.9 m |
| 21803C0244/00F002 | Brussels | 270 m² | 1 · 188 m² | 24.5 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | TINEKE VAN WEYENBERG FRANZ COURTENS-
STRAAT 2, 9200 DENDERMONDE- |
17-06-2024 → present |
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Of 88 companies in sector 20412 we hold annual accounts for 57. 4 are within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
20412Manufacture of chemicals and chemical products
08990Other mining and quarrying
10320Manufacture of food products
14299Manufacture of wearing apparel
47750Retail sale of cosmetics and toilet articles
74201Photography, excluding press photography
Contact
Scores and ratios are computed by Checked and are not a credit decision.