Arbitrium
The computed 12-month bankruptcy probability of Arbitrium is 10.9% (high). The 2023 annual accounts show equity of €1k and a net result of €-8k. Equity remains stable across the filed fiscal years (±1.2% per year). The company has been active since 2012 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
| Equity | €1k |
| Net result | €-8k |
| Active | 13 yrs |
| Board | 1 |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | €2k |
| EBITDA | - |
| Net profit | €-8k |
| Cash flow | - |
| Staff costs | €3k |
| Income taxes | - |
| Dividends | - |
| Total assets | €28k |
| Equity | €1k |
| Debt | €27k |
| of which ≤ 1y | €27k |
| of which > 1y | - |
| Working capital | €1k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 1.04 |
| Quick ratio | 1.04 |
| Working capital ratio | 4.0% |
| Solvency | 4.7% |
| Debt / equity | 20.17 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | -177.5% |
| Net margin | -374.5% |
| ROA | -29.9% |
| ROE | -632.6% |
| EBITDA margin | - |
| Days sales outstanding | 2838d |
| Days payable outstanding | 967d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €28k |
| Fixed assets | 21/28 | €200 |
| Financial fixed assets | 28 | €200 |
| Current assets | 29/58 | €28k |
| Amounts receivable within one year | 40/41 | €18k |
| Cash & bank | 54/58 | €10k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €28k |
| Equity | 10/15 | €1k |
| Contributions / capital | 10/11 | €14k |
| Accumulated profits (losses) | 14 | €-13k |
| Amounts payable | 17/49 | €27k |
| Amounts payable within one year | 42/48 | €27k |
| Trade debts payable within one year | 44 | €17k |
| Income statement | ||
| Turnover | 70 | €2k |
| Gross operating margin | 9900 | €-4k |
| Operating result | 9901 | €-8k |
| Financial income | 75 | €3 |
| Financial charges | 65 | €35 |
| Result before taxes | 9903 | €-8k |
| Net result for the period | 9904 | €-8k |
| Result to be appropriated | 9905 | €-8k |
-
Van Groeningen Steven Charles CDirectorState Gazette act 25047786 (11-04-2025)Current11-04-2025 → present
Former directors (1)
-
Alhaydary Mohammed JawadDirectorState Gazette act 25047786 (11-04-2025)Former- → 11-04-2025
| NACE primary | - |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 20-12-2012 |
| Status | Active |
| Postal code | 1160 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0081/00H002 | Brussels | 3,929 m² | 1 · 1,150 m² | 30.4 m · 9 fl. |
| 21805E0456/00C000 | Brussels | 1,266 m² | 1 · 900 m² | 31.7 m · 9 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
28-07-2026 Act object · General meeting · Seat change
- Act object: verhuis · Arbitrium
- Publication: 28/07/2026 · Arbitrium
- Filing: 20/07/2026 · Arbitrium
- General meeting: 27/03/2026 · Arbitrium
- Seat change: to: Hermann-Debrouxlaan 54 1160 Oudergem, from: De Meeussquare 35 1000 Brussel · Arbitrium
Technical details
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"quote": "Onderwerp akte: verhuis",
"value": "verhuis",
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{
"date": "2026-07-28",
"type": "publication",
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},
{
"date": "2026-07-20",
"type": "filing",
"quote": "neergelegd/ontvangen op 20 JULI 2026",
"value": "20/07/2026",
"object": null,
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},
{
"date": "2026-03-27",
"type": "general_meeting",
"quote": "Zijn bijeen gekomen op 27 maart 2026",
"value": "27/03/2026",
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},
{
"type": "seat_change",
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},
"entities": [
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"birth_date": "1971-06-01",
"birth_place": null
}
}
]
}11-04-2025 All shares are now held by a single shareholder
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | Arbitrium |
- 10-08-2025 Address struck