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Arzehan

Active
Private limited company·Handelsbemiddeling in de niet-gespecialiseerde groothandel· 6 yrs active
Open bankruptcy
KBO/BCE: BE 0745.491.817
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Age6 yrs

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for Arzehan according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €43k and a net result of €35k.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 events
24-01-2025
Bankruptcy Opening
Date: 20-01-2025 · Ondernemingsrechtbank Antwerpen, afdeling Mechelen · ARZEHAN BV ZAND- STRAAT 14/11, 2860 SINT-KATELIJNE-WAVER · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2023) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 28-09-2023, 125 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2023, that is 31-01-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-06-2025 31-01-2026 nothing on record not filed -
30-06-2024 31-01-2025 nothing on record not filed -
30-06-2023 31-01-2024 28-09-2023 125 d early 2023-00457327
30-06-2022 31-01-2023 15-05-2023 104 d late 2023-00087759
30-06-2021 31-01-2022 15-12-2021 47 d early 2021-80200193

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

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

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€35k
Working capital€41k+871.2%
Directors1

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 28-09-2023 with the NBB · fiscal year 2023 · micro
€-20k€0€20k€40k€60kOperating result 2021: €2k€2kNet result 2021: €492€492Operating result 2022: €-5k€-5kNet result 2022: €-5k€-5kOperating result 2023: €51k€51kNet result 2023: €35k€35k202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 15.8% 25.2%
better than 40% of 2975 sector peers
Net result €35k €4k
better than 82% of 2965 sector peers
Equity €43k €20k
better than 64% of 2986 sector peers
Gross operating margin €53k €18k
better than 72% of 2955 sector peers
Total assets €269k €102k
better than 76% of 2975 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P40
2021: P69 · n=15172022: P61 · n=23642023: P40 · n=29752021 2023
Weakening position over 2021-2023 · n=1517-2975
Net result P82
2021: P39 · n=15192022: P25 · n=23652023: P82 · n=29652021 2023
Improving position over 2021-2023 · n=1519-2965
Equity P64
2021: P41 · n=15222022: P36 · n=23712023: P64 · n=29862021 2023
Improving position over 2021-2023 · n=1522-2986
Gross operating margin P72
2021: P30 · n=15152022: P19 · n=23572023: P72 · n=29552021 2023
Improving position over 2021-2023 · n=1515-2955
Describes the position versus peers, not a forecast.
EBITDA
€52k
- 21-23
Net profit
€35k
- 21-23
Cash flow
€36k
- 21-23
Total assets
€269k
+1223.1% 21-23
Equity
€43k
+470.2% 21-23
Working capital
€41k
+871.2% 21-23
Income taxes
€9k
- 21-23
Debt
€226k
+1660.6% 21-23
Debt ≤ 1y
€225k
+1746.0% 21-23
Current ratio
1.18
-12.2% 21-23
Quick ratio
1.18
-6.2% 21-23
Solvency
15.8%
-56.9% 21-23
Debt / equity
5.31
+208.8% 21-23
ROE
82.5%
- 21-23
ROA
13.1%
- 21-23
Interest coverage
3.84
- 21-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€52k
Net profit€35k
Cash flow€36k
Staff costs-
Income taxes€9k
Dividends-
Total assets€269k
Equity€43k
Debt€226k
of which ≤ 1y€225k
of which > 1y-
Working capital€41k
Employees (FTE)-
Ratios (computed)
2023
Current ratio1.18
Quick ratio1.18
Working capital ratio15.3%
Solvency15.8%
Debt / equity5.31
Long-term debt ratio-
Interest coverage3.84
Gross margin-
Net margin-
ROA13.1%
ROE82.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€269k
Fixed assets 21/28€3k
Formation expenses 20€246
Tangible fixed assets 22/27€134
Financial fixed assets 28€3k
Current assets 29/58€266k
Stocks & contracts in progress 3€0
Amounts receivable within one year 40/41€131k
Cash & bank 54/58€134k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€269k
Equity 10/15€43k
Contributions / capital 10/11€12k
Accumulated profits (losses) 14€31k
Amounts payable 17/49€226k
Amounts payable within one year 42/48€225k
Trade debts payable within one year 44€210k
Income statement
Gross operating margin 9900€53k
Operating result 9901€51k
Financial income 75€6k
Financial charges 65€13k
Result before taxes 9903€44k
Income taxes 67/77€9k
Net result for the period 9904€35k
Result to be appropriated 9905€35k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
16 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

2 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator KAROLIEN VAN DEN BERGHEN
FREDERIK DE MERO- DESTRAAT 94-96, 2800 MECHELEN
20-01-2025 → present Belgian State Gazette

Legal Structure

NACE primary Handelsbemiddeling in de niet-gespecialiseerde groothandel(46190)
Legal form Private limited company(610)
Incorporation18-03-2020
StatusActive
Postal code-
First BS signal 24-01-2025
Latest BS signal 24-01-2025

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Establishment units

1 location
Arzehan
Handelsbemiddeling in goederen, algemeen assortiment
since 20202.301.566.906
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area217 m²
Buildings1
Building footprint108 m²
Volume (LiDAR)719 m³
Tallest building9.8 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.
12422C0120/00A003 Flanders 217 m² 1 · 108 m² 9.8 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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
24-01-2025
Bankruptcy Opening
Date: 20-01-2025 · Ondernemingsrechtbank Antwerpen, afdeling Mechelen · ARZEHAN BV ZAND- STRAAT 14/11, 2860 SINT-KATELIJNE-WAVER · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-01-24 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

1 acts
Address history · 1
30-03-2022
Registered-office move
All acts · 1 updated 4 years ago
2022
30-03-2022 Registered office moved to Sint-Katelijne-Waver Registered-office change
  • Zandstraat 14 Bus 0011 2860 Sint-Katelijne-Waver

Analysis

Snowflake analysis

financial profile on 5 axes
Health16Profitability100Solvency26Growth78Stability0
44 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 16
Profitability 100
Solvency 26
Growth 78
Stability 0

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Handelsbemiddeling in goederen, algemeen assortiment46190Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Groothandel in kleding, met uitzondering van werk- en onderkleding46423Groothandel in kleding, met uitzondering van werk- en onderkleding46423Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur46431Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur46431Groothandel in reinigingsmiddelen46442Groothandel in reinigingsmiddelen46442Groothandel in farmaceutische producten46460Groothandel in farmaceutische en medische artikelen46460Groothandel in sanitair46736Groothandel in sanitair46836
Primary activity highlighted.
Names & trade names
Legal nameNL Arzehan
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.