Sultan Ari
ActiveSummary
Sultan Ari has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44k and a net result of €16k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 3540 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+15
Solvency77▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.57 in 2023; short-term debt: 47.8% and cash: 7.2% of total assets), and 47.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.2%
Return on assets
18.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
197 d late
2022
28 d late
2021
82 d late
2020
111 d late
2019
144 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€44k▲ 55.3%
2023 · €28k
Total assets
€84k▲ 31.1%
2023 · €64k
Net result
€16k▲ 1,099%
2023 · €1k
Working capital
€36k▲ 77.8%
2023 · €20k
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
Line20202021202220232024
Operating result€2k▼ 49.0%€-586€2k€4k▲ 114%€22k▲ 459%
Net result€2k▼ 46.5%€828▼ 57.9%€2k▲ 104%€1k▼ 23.4%€16k▲ 1,099%
Equity€24k▲ 8.8%€25k▲ 3.4%€27k▲ 6.7%€28k▲ 4.8%€44k▲ 55.3%
Total assets€68k▲ 75.0%€73k▲ 7.8%€63k▼ 13.0%€64k▲ 0.5%€84k▲ 31.1%
Debt€43k▲ 165%€48k▲ 10.3%€37k▼ 23.4%€36k▼ 2.7%€40k▲ 12.0%
Working capital€-95▲ 98.7%€5k€13k▲ 138%€20k▲ 58.4%€36k▲ 77.8%
Staff (FTE)1.5
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 459% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84k
Fixed assets
€7k ▼ 4.7%
Current assets
€76k ▲ 36.0%
Equity and liabilities €84k
Equity
€44k ▲ 55.3%
Debt
€40k ▲ 12.0%
Debt's share of the balance-sheet total falls from 55.9% to 47.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25k▲
2023 · €10k
Cash flow
€19k▲
2023 · €8k
Current ratio
1.91▲
2023 · 1.57
Debt to equity
0.92▼
2023 · 1.27
ROE
35.6%▲
2023 · 4.6%
ROA
18.6%▲
2023 · 2.0%
Debt ≤ 1 year
€40k▲
2023 · €36k
Income taxes
€8k▲
2023 · €761
Staff costs
€18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €16k | €12k | - | €18k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €6k | €7k | €4k | ▼ 42.1% |
| Other operating charges640/8 | - | €514 | €410 | €384 | €2k | ▲ 343% |
| Gross operating margin9900 | €10k | €22k | €21k | €11k | €45k | ▲ 318% |
| Operating profit (loss)9901 | €2k | €-586 | €2k | €4k | €22k | ▲ 459% |
| Financial income75/76B | - | - | €0 | - | €2k | - |
| Recurring financial income75 | - | - | €0 | - | €2k | - |
| Financial charges65/66B | - | €-1k | €112 | €2k | - | - |
| Recurring financial charges65 | €80 | €-1k | €112 | €2k | - | - |
| Profit (loss) for the period before taxes9903 | €2k | €828 | €2k | €2k | €24k | ▲ 1,050% |
| Income taxes67/77 | - | - | - | €761 | €8k | ▲ 967% |
| Profit (loss) for the period9904 | €2k | €828 | €2k | €1k | €16k | ▲ 1,099% |
| Profit (loss) for the period to be appropriated9905 | €2k | €828 | €2k | €1k | €16k | ▲ 1,099% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68k | €73k | €63k | €64k | €84k | ▲ 31.1% |
| Formation expenses20 | €1k | €932 | €476 | €21 | - | - |
| Fixed assets21/28 | €23k | €19k | €13k | €8k | €7k | ▼ 4.7% |
| Intangible fixed assets21 | €15k | €12k | €9k | €6k | €3k | ▼ 48.9% |
| Tangible fixed assets22/27 | €7k | €6k | €4k | €1k | €510 | ▼ 57.3% |
| Plant, machinery and equipment23 | - | €2k | €1k | €207 | €0 | ▼ 100.0% |
| Furniture and vehicles24 | - | €4k | €3k | €988 | €510 | ▼ 48.4% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €3k | ▲ 3,405% |
| Current assets29/58 | €43k | €53k | €50k | €56k | €76k | ▲ 36.0% |
| Stocks and contracts in progress3 | €3k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €20k | €45k | €47k | €45k | €70k | ▲ 54.9% |
| Trade receivables40 | - | €45k | €47k | €45k | - | - |
| Other amounts receivable41 | - | - | - | - | €70k | - |
| Cash at bank and in hand54/58 | €19k | €7k | €969 | €2k | €6k | ▲ 300% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €9k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68k | €73k | €63k | €64k | €84k | ▲ 31.1% |
| Equity10/15 | €24k | €25k | €27k | €28k | €44k | ▲ 55.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Profit (loss) carried forward14 | €6k | €6k | €8k | €9k | €25k | ▲ 164% |
| Amounts payable17/49 | €43k | €48k | €37k | €36k | €40k | ▲ 12.0% |
| Amounts payable within one year42/48 | €43k | €48k | €37k | €36k | €40k | ▲ 12.0% |
| Trade debts44 | €1k | €7k | €3k | €7k | €7k | ▲ 4.6% |
| Suppliers440/4 | - | €7k | €3k | €7k | €7k | ▲ 4.6% |
| Taxes, remuneration and social security45 | - | €3k | €3k | €908 | €33k | ▲ 3,529% |
| Taxes450/3 | - | €474 | €3k | €908 | €33k | ▲ 3,529% |
| Remuneration and social security454/9 | - | €3k | €88 | - | - | - |
| Other amounts payable47/48 | - | €37k | €31k | €28k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €828 | €2k | €1k | €16k | ▲ 1,099% |
| + Depreciation and write-downs630 | €6k | €6k | €6k | €7k | €4k | ▼ 42.1% |
| Operating cash flow (approximation) | €8k | €7k | €8k | €8k | €19k | ▲ 147% |
| Investment in fixed assets (approximation) | - | €-2k | €-911 | €-728 | €-3k | ▼ 370% |
| Change in cash | - | €-12k | €-6k | €533 | €5k | ▲ 746% |
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
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 197 days late
2024
31-12
Financial
Highest result since 2019net €16k ▲1,099%
Operating result €22k, net result €16k, both a record.
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
2021
31-12
Financial
Weakest financial yearnet €828 ▼57.9%
Net result drops to €828, the lowest in the series; recovery starts the following year.
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 111 days late
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 2019
Ground area
343 m²
Building footprint
170 m²
Volume, LiDAR
1,466 m³
Parcel 71327G0691/00P002, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Self & Hand Carwash
since 20192.300.744.186
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0691/00P002 | Flanders | 343 m² | 1 · 170 m² | 14.5 m · 3 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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Of 3,206 companies in sector 95316 we hold annual accounts for 751. 558 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
Founded18-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.