Active BE 0446.656.393Public limited companyOpen bankruptcy

ARIJS

Moerbroek 18 ·2270 Herenthout, Belgium· 34 yrs active

Sector: Wholesale trade (46391)

Conclusion Checked

A bankruptcy procedure is open for ARIJS according to publications in the Belgian State Gazette. The 2018 annual accounts show negative equity (€-11k) and a net result of €-105k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€-11k
Net result	€-105k
Staff (FTE)	17.9
Active	34 yrs

Snowflake analysis 4 of 5 axes measured · computed by Checked

20 / 100

Fragile profile, watch health in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 0

Profitability 40

Solvency 42

Growth -

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

50 / 100

High risk

Components

· Open bankruptcy (+50)

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 Flags 0 events

No administrative flags

Health barometer FY 2018 · computed

0 / 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.

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Computed by Checked from the NBB filing for FY 2018 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 24-07-2019 with the NBB · fiscal year 2018 · verkort

Highlight YoY changes (±10%)

Fiscal year	2018
Revenue	€9.38M
EBITDA	€-169k
Net profit	€-105k
Cash flow	€-51k
Staff costs	-
Income taxes	€299
Dividends	-
Total assets	€1.47M
Equity	€-11k
Debt	€1.48M
of which ≤ 1y	€1.43M
of which > 1y	€52k
Working capital	€-180k
Employees (FTE)	17.9

Ratios (computed)

	2018
Current ratio	0.87
Quick ratio	0.73
Working capital ratio	-12.2%
Solvency	-0.8%
Debt / equity	-4.55
Long-term debt ratio	-4.55
Interest coverage	-
Gross margin	-
Net margin	-1.1%
ROA	-7.1%
ROE	913.9%
EBITDA margin	-1.8%
Days sales outstanding	39d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €220k · 15.0% Current assets €1.25M · 85.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.47M
Fixed assets	21/28	€220k
Tangible fixed assets	22/27	€186k
Financial fixed assets	28	€34k
Current assets	29/58	€1.25M
Stocks & contracts in progress	3	€205k
Amounts receivable within one year	40/41	€1.01M
Cash & bank	54/58	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.47M
Equity	10/15	€-11k
Contributions / capital	10/11	€62k
Reserves	13	€13k
Accumulated profits (losses)	14	€-86k
Amounts payable	17/49	€1.48M
Amounts payable after one year	17	€52k
Amounts payable within one year	42/48	€1.43M
Trade debts payable within one year	44	€1.14M
Income statement
Turnover	70	€9.38M
Gross operating margin	9900	€799k
Operating result	9901	€-223k
Financial income	75	€34k
Financial charges	65	€17k
Result before taxes	9903	€-206k
Income taxes	67/77	€299
Net result for the period	9904	€-206k
Result to be appropriated	9905	€-206k

Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	NOEL DEVOS DIESTSEWEG 155, 2440 GEEL-	30-06-2020 → present	Belgian State Gazette
Curator	GEERT NAULAERTS DIESTSEWEG 155, 2440 GEEL ↔ Also on 55 other cases	30-06-2020 → present	Belgian State Gazette

Legal Structure

NACE primary	Wholesale trade(46391)
Legal form	Public limited company(014)
Incorporation	24-02-1992
Status	Active
Postal code	2270
First BS signal	06-07-2020
Latest BS signal	06-07-2020

Company structure, linked entities2 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

Arijs

Moerbroek 18, 2270 HerenthoutNiet-gespecialiseerde groothandel in diepgevroren voedingsmiddelen

since 19922.056.444.342

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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13012A0542/00A000	Flanders	2,649 m²	1 · 748 m²	6.4 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2020

06-07-2020

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · ARIJS NV MOERBROEK 18, 2270 HERENTHOUT · event 30-06-2020

2019

24-07-2019