Bankrupt · Opening faillissement (CBE)

ARWY

BE0404138226

Rechtspersoon Public limited company 2 establishments

ARWY is a wholesaler in Herentals. Public Limited, started on 1 January 1968, 2 establishments.

Langepad(HRT) 1, 2200 Herentals

Behind the company: Walter Ardies, Wim Ardies.

Start date

1 January 1968

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Two loss years in a row NBB

    Negative result in 2022 and 2023.

  • Tight liquidity NBB

    Cash and receivables cover 41 % of short-term debt in 2023; threshold 65 %.

  • Shrinking team NBB

    FTE fell two years in a row, from 7.2 to 5.7.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2023

ARWY from Herentals, company number BE0404138226, closed financial year 2023 with a result of € -178,370 after tax. For that financial year ARWY recorded revenue of € 9.3 million and equity of € 4.3 million. Compared with financial year 2022, the result moved from € -57,306 to € -178,370. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 26, 2024.

What it is worth Growing

€ 4.3 million

▲ 196% vs 2022

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -178,370

▼ 211 % more loss than in 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 505

▼ 71% vs 2022

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 1.1 million.

People and assets in 2023

Full-time equivalents

5.7

▼ 1.4 vs 2022

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 421,343

▼ 20% vs 2022

€ 73,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 30,166

▼ 46% vs 2022

Book value of vehicles, furniture and equipment.

Debts at end 2023

Bank debt

€ 6 million

▲ 6% vs 2022

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 14,017

▲ 33% vs 2022

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1 days on average.

Taxes and wages

€ 207,012

▲ 25% vs 2022

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
202120222023Change 2022 → 2023
Revenue € 9,387,853 € 9,333,075 € 9,289,909
Profit after taxes € -72,007 € -57,306 € -178,370 ▼ € 121,064
Equity € 1,511,559 € 1,454,253 € 4,298,247 ▲ 196%
Total debts € 4,932,122 € 5,898,262 € 6,351,048 ▲ 8%
Cash € 3,908 € 1,745 € 505 ▼ 71%
Land & buildings € 167,563 € 150,835 € 3,156,642 ▲ € 3 million
Retained profit € 1,350,428 € 1,293,122 € 1,114,752 ▼ 14%
Bank debt € 4,702,487 € 5,690,265 € 6,023,820 ▲ 6%
Balance sheet total € 6,443,681 € 7,352,515 € 10,649,295 ▲ 45%
Employees (FTE) 7.2 7.1 5.7 ▼ 1.4

Key figures of ARWY, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.

What happened to ARWY?

What happened at ARWY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

ARWY is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2023: loss of € 178,370. Source: NBB ↗
  • Walter Ardies became a director. NBB
  • Wim Ardies became a director. NBB
  • New establishment in Brussel. KBO
  • Start of the company according to the CBE. KBO
  • New establishment in Herentals. KBO

In short

From € 72,007 loss in 2021 to € 178,370 loss in 2023.

Paid € 9,480 in corporate taxes since 2021.

Pays suppliers within 1 days on average.

Management

ALNICO 50%
LAMAXA 50%

The stake of ALNICO, LAMAXA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

ARWY

Behind ARWY are Walter Ardies and Wim Ardies. The shares are held by ALNICO (50%) and LAMAXA (50%).

Directors

According to the 2023 annual accounts

Walter Ardies

Managing director

Also active at: Ledgerlink Labs, ALNICO

since 2022

Wim Ardies

Managing director

Also active at: LAMAXA

since 2022

Shareholders

ALNICO

50%

LAMAXA

50%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Langepad(HRT) 1

2200 Herentals

2.216.725.459

Atomiumsquare 1 box E155

1020 Brussel

Active since 2 January 2013

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0404.138.226
VAT number
BE 0404.138.226
Registered office
Langepad(HRT) 1, 2200 Herentals
Names & denominations
ARWY
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Opening faillissement
Start date
1 January 1968
Peppol
Not registered
Activities · NACE

Groothandel in schoeisel

Overige niet-gespecialiseerde detailhandel

Reparatie en onderhoud van consumentenartikelen, neg

Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren

Handelsbemiddeling in textiel, kleding, schoeisel en artikelen van leer

Overige reparaties, n.e.g.

Detailhandel via postorderbedrijven of via internet

Frequently asked questions

What does ARWY do?
ARWY is a wholesaler in Herentals. Public Limited, started on 1 January 1968, 2 establishments.
What is the address of ARWY?
The registered office of ARWY is located at Langepad(HRT) 1, 2200 Herentals.
Is ARWY still active?
No. The CBE lists ARWY with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is ARWY registered on Peppol?
No, ARWY is currently not registered on the Peppol network.
What is the enterprise number of ARWY?
The enterprise number of ARWY is BE0404138226.
When was ARWY founded?
ARWY was founded on 1 January 1968.