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A.R.M.

Active
Private limited company·Installatie van isolatie· 37 yrs active
Belcrownlaan 5 ·2100 Antwerpen, Belgium
Open bankruptcy
KBO/BCE: BE 0436.939.072
Watch Print / PDF
Age37 yrs
Staff (FTE)9.2
Real estate1 parcel · 1.5 ha

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for A.R.M. according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-530k) and a net result of €-43k.

Based on the State Gazette, CBE and 5 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
05-03-2025
Bankruptcy Opening
Date: 27-02-2025 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · A.R.M. BV BELCROWNLAAN 5, 2100 DEURNE (ANTWERPEN) · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) 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.
Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. 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 31-12-2022, that is 31-07-2023.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 31-08-2023 31 d late 2023-00391861
31-12-2021 31-07-2022 12-05-2023 285 d late 2023-00086060
31-12-2020 31-07-2021 31-08-2021 31 d late 2021-62800087
30-09-2019 30-04-2020 31-03-2020 30 d early 2020-08900591
30-09-2018 30-04-2019 08-05-2019 8 d late 2019-12700106
30-09-2017 30-04-2018 30-04-2018 on the day 2018-12200049
30-09-2016 30-04-2017 12-04-2017 18 d early 2017-09400070
30-09-2015 30-04-2016 28-04-2016 2 d early 2016-11000434
30-09-2014 30-04-2015 31-03-2015 30 d early 2015-08200012

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€-43k+93.3%
Working capital€-543k-7.5%
Directors1

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 31-08-2023 with the NBB · fiscal year 2022 · verkort
€-800k€-600k€-400k€-200k€0Operating result 2018: €4k€4kNet result 2018: €12k€12kOperating result 2019: €8k€8kNet result 2019: €12k€12kOperating result 2020: €15k€15kNet result 2020: €11k€11kOperating result 2021: €-655k€-655kNet result 2021: €-648k€-648kOperating result 2022: €367€367Net result 2022: €-43k€-43k20182019202020212022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -46.8% 30.3%
better than 5% of 749 sector peers
Net result €-43k €30k
better than 7% of 747 sector peers
Equity €-530k €134k
better than 5% of 749 sector peers
Gross operating margin €581k €198k
better than 78% of 748 sector peers
Staff costs €567k €197k
higher than 80% of 503 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 P5
2020: P24 · n=4302021: P5 · n=5562022: P5 · n=7492020 2022
Weakening position over 2020-2022 · n=430-749
Net result P7
2020: P19 · n=4302021: P5 · n=5542022: P7 · n=7472020 2022
Weakening position over 2020-2022 · n=430-747
Equity P5
2020: P45 · n=4302021: P5 · n=5562022: P5 · n=7492020 2022
Weakening position over 2020-2022 · n=430-749
Gross operating margin P78
2020: P75 · n=4292021: P5 · n=5552022: P78 · n=7482020 2022
Stable position over 2020-2022 · n=429-748
Describes the position versus peers, not a forecast.
EBITDA
€7k
- 18-22
Net profit
€-43k
+93.3% 18-22
Cash flow
€-37k
+94.1% 18-22
Total assets
€1.13M
+130.0% 18-22
Equity
€-530k
-8.9% 18-22
Working capital
€-543k
-7.5% 18-22
Employees (FTE)
9
+4.5% 18-22
Staff costs
€567k
+22.1% 18-22
Income taxes
€0
- 18-22
Debt
€1.66M
+69.8% 18-22
Debt ≤ 1y
€1.66M
+73.5% 18-22
Debt > 1y
€690
-96.2% 18-22
Current ratio
0.67
+42.5% 18-22
Quick ratio
0.41
-13.9% 18-22
Solvency
-46.8%
+52.7% 18-22
Debt / equity
-3.14
-56.0% 18-22
ROE
8.2%
-93.9% 18-22
ROA
-3.8%
+97.1% 18-22
Interest coverage
0.16
- 18-22
Figures by fiscal year
Fiscal year2022
Depositverkort
Revenue-
EBITDA€7k
Net profit€-43k
Cash flow€-37k
Staff costs€567k
Income taxes€0
Dividends-
Total assets€1.13M
Equity€-530k
Debt€1.66M
of which ≤ 1y€1.66M
of which > 1y€690
Working capital€-543k
Employees (FTE)9.2
Ratios (computed)
2022
Current ratio0.67
Quick ratio0.41
Working capital ratio-47.9%
Solvency-46.8%
Debt / equity-3.14
Long-term debt ratio0.00
Interest coverage0.16
Gross margin-
Net margin-
ROA-3.8%
ROE8.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€1.13M
Fixed assets 21/28€15k
Tangible fixed assets 22/27€11k
Financial fixed assets 28€4k
Current assets 29/58€1.12M
Stocks & contracts in progress 3€443k
Amounts receivable within one year 40/41€584k
Cash & bank 54/58€91k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.13M
Equity 10/15€-530k
Contributions / capital 10/11€6k
Accumulated profits (losses) 14€-536k
Amounts payable 17/49€1.66M
Amounts payable after one year 17€690
Amounts payable within one year 42/48€1.66M
Trade debts payable within one year 44€1.33M
Income statement
Gross operating margin 9900€581k
Operating result 9901€367
Financial income 75€9
Financial charges 65€44k
Result before taxes 9903€-43k
Income taxes 67/77€0
Net result for the period 9904€-43k
Result to be appropriated 9905€-43k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2022 · computed
0 / 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 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

11 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 GREGORY WILKIN
LANGE LOZANASTRAAT 262, 2018 ANTWERPEN 1
 27-02-2025 → present Belgian State Gazette

Legal Structure

NACE primary Installatie van isolatie(43230)
Legal form Private limited company(610)
Incorporation07-03-1989
StatusActive
Postal code2100
First BS signal 05-03-2025
Latest BS signal 05-03-2025

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.

Belcrownlaan 52100 Antwerpen

Establishment units

1 location
A.R.M.
Belcrownlaan 5, 2100 AntwerpenKleinhandel in onderdelen en accessoires van auto's inclusief de kleinhandel in tweedehands onderdelen
since 19892.042.902.845
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.5 ha
Buildings1
Building footprint1.1 ha
Volume (LiDAR)75,764 m³
Tallest building42.1 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.
11012A0148/00X000 Flanders 1.5 ha 1 · 1.1 ha 42.1 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
05-03-2025
Bankruptcy Opening
Date: 27-02-2025 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · A.R.M. BV BELCROWNLAAN 5, 2100 DEURNE (ANTWERPEN) · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-03-05 · 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 · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability41Solvency37Growth32Stability0
22 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 41
Solvency 37
Growth 32
Stability 0

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Credit advice

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

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 332 of the 4,233 companies in this sector. 246 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Installatie van isolatie43230Isolatiewerkzaamheden43291Isolatiewerkzaamheden45320
Primary activity highlighted.
Names & trade names
Legal nameNL A.R.M.
Registered office
Belcrownlaan 5
2100 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.