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Complete company report
Generated 16-08-2026
Active BE 0666.732.963Private limited company (pre-2019)Open bankruptcy

AR CONNECT

· 9 yrs active
Conclusion Checked

A bankruptcy procedure is open for AR CONNECT according to publications in the Belgian State Gazette. The file additionally contains 2 administrative flags. The 2022 annual accounts show equity of €25k and a net result of €185.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €25k
Net result €185
Active 9 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health1Profitability4Solvency16Growth52Stability0
15 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 1
Profitability 4
Solvency 16
Growth 52
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
56 / 100
High 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
· Open bankruptcy (+50)
· 2 administrative flags (+6)
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.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags2 events
Address struck×2
Health barometer FY 2022 · computed
1 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview6 NBB filings
Annual accounts filed on 30-11-2023 with the NBB · fiscal year 2022 · micro
€-50k€0€50k€100k€150kRevenue 2019: €128k€128kOperating result 2019: €680€680Net result 2019: €1k€1kOperating result 2020: €5k€5kNet result 2020: €5k€5kOperating result 2021: €-189€-189Net result 2021: €-798€-798Operating result 2022: €327€327Net result 2022: €185€1852019202020212022
RevenueOperating resultNet result
Revenue
€128k
- 19-22
EBITDA
€5k
- 19-22
Net profit
€185
- 19-22
Cash flow
€6k
- 19-22
Total assets
€439k
+1259.7% 19-22
Equity
€25k
+0.8% 19-22
Working capital
€23k
+0.8% 19-22
Staff costs
€1k
- 19-22
Show 11 other metrics
Income taxes
€240
-59.4% 19-22
Debt
€415k
+5184.7% 19-22
Debt ≤ 1y
€415k
+5184.7% 19-22
Current ratio
1.06
-73.0% 19-22
Quick ratio
1.06
-73.0% 19-22
Solvency
5.6%
-92.6% 19-22
Debt / equity
16.82
+5145.0% 19-22
ROE
0.8%
- 19-22
ROA
0.0%
- 19-22
Net margin
0.8%
- 19-22
EBITDA margin
4.2%
- 19-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA-
Net profit€185
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€439k
Equity€25k
Debt€415k
of which ≤ 1y€415k
of which > 1y-
Working capital€23k
Employees (FTE)-
Ratios (computed)
2022
Current ratio1.06
Quick ratio1.06
Working capital ratio5.2%
Solvency5.6%
Debt / equity16.82
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA0.0%
ROE0.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€439k
Fixed assets 21/28€2k
Financial fixed assets 28€2k
Current assets 29/58€438k
Amounts receivable within one year 40/41€414k
Cash & bank 54/58€24k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€439k
Equity 10/15€25k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€4k
Amounts payable 17/49€415k
Amounts payable within one year 42/48€415k
Trade debts payable within one year 44€407k
Income statement
Gross operating margin 9900€856
Operating result 9901€327
Financial charges 65€142
Result before taxes 9903€185
Net result for the period 9904€185
Result to be appropriated 9905€185
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • Bidon Mike
    Director (executive)
    State Gazette act 23158533 (12-12-2023)
    Current
    30-09-2023 → present
Former directors (1)
  • Ghazouani Jaafar
    Director (executive)
    State Gazette act 23158533 (12-12-2023)
    Former
    - → 30-09-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator MAIA GUTMANN LE PAIGE
RUE DE LA LOI 28, 1040 ETTERBEEK
 19-01-2026 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation28-11-2016
StatusActive
Postal code-
First BS signal 27-01-2026
Latest BS signal 27-01-2026
Establishment units 1 location
AR CONNECT
Groothandel in verse en niet-verwerkte groenten en fruit, inclusief aardappelen
since 20162.265.203.683
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
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.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21803C0630/00H003 Brussels 808 m² 1 · 279 m² 26.6 m · 8 fl.
21808H1778/00D000 Brussels 670 m² 1 · 488 m² 27.7 m · 8 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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
27-01-2026
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL AR CONNECT BOULEVARD DE L’EMPEREUR 10, 1000 BRUXELLES · event 19-01-2026
2025
07-05-2025
KBO administration Address struck
2023
15-12-2023
KBO administration Address struck
12-12-2023
State Gazette act Capital & shares
30-11-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
30-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
01-10-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
21-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
20-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
27-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
Lifecycle & Insolvency Signals3 events
27-01-2026
Bankruptcy Opening
Date: 19-01-2026 · Tribunal de l’entreprise francophone de Bruxelles · SRL AR CONNECT BOULEVARD DE L’EMPEREUR 10, 1000 BRUXELLES · Publications in State Gazette ↗
Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 2 further earlier events in this file, covering 15-12-2023 to 19-01-2026.

Available in Kantoor S. See plans →
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-12-15 · KBO administration · Address struck2025-05-07 · KBO administration · Address struck2026-01-27 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 5 acts read

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.

Belgisch Staatsblad, acts 1 acts
Capital history · 1
12-12-2023
Capital change
All acts · 1 updated 2 years ago
2023
12-12-2023 All shares are now held by a single shareholder Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": null,
    "filing_date": "2023-12-04",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-09-30",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0666.732.963",
    "name_full": "AR CONNECT",
    "legal_form": "SPRL",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Bidon Mike",
      "role": null,
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR AR CONNECT
Registration history
  1. 07-05-2025 Address struck
  2. 15-12-2023 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative