Equity
-€9,372
Debts exceed assets in financial year 2025.
ARM
Lifetime
1 annual account with figurespeak -€8,898 (2025)
-€8,898
lowest -€9,373 (2025)
-€9,373
peak -€9,372 (2025)
-€9,372
€94,977
Board1 name since 2025
1 directorMKRTICHYAN Artur
Documentsfilings and deeds
20-08-202620 days late
2025micro format
Loss of €9,373Incorporation 23-101 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsDebts
€94,977 111% of the balance sheet
Financial debts 27%Suppliers 54%Other 18%
Of this, €68,990 falls due within a year.
Position in the sector
-€9,372
Less equity than 90% of companies in land transport. Sector median €34,663 · 5,957 companies.
2025 accounts filed 20 days after the deadlineTurnover not published (micro format)
Checked score
46
Fair
Financially stronger than 12% of micro companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Financial strengthWeak
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
Founded in 2025
Negative equity -€9,372
Liquidity: current ratio 0.71, cash €3,473
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 12% of them on solvency, 10% on liquidity and 13% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,322 companies had the same profile as ARM has now. Each dot stands for 4 companies, two years later.
90.2%
were still trading
5.5%
stopped another way
4.2%
went bankrupt
That fits the bankruptcy probability of ARM itself: 4.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,322 companies, not a prediction for ARM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.71, below 1. Short-term debt is 80.6% and cash 4.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · 2025 accounts filed 20 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
20 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Left the Peppol Directory
Incorporation
Founding capital of €1, 100 shares · Founder: MKRTICHYAN Artur · Appointment: MKRTICHYAN Artur (director) · published on 23-10-2025 · Gazette deed
First establishment
Armand Segerslei 90, Mortsel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARM Mortsel | €85,604 | -€8,898 | -10.9% | - |
| MEDICAL CARE Damme | €83,498 | -€9,345 | 16.1% | - |
| ALFAHSI Wuustwezel | €58,002 | -€1,169 | 4.9% | - |
| AKH Solutions Evere | €61,807 | -€9,945 | -23.5% | - |
| Personenvervoer Adel Ghent | €81,120 | €943 | -18.2% | - |
| AJF COMPANY Dilbeek | €62,608 | €882 | 24.1% | - |
| SOKOGJA Wemmel | €116,655 | -€7,297 | -6.5% | - |
These companies have the same main activity as ARM: on-demand passenger transport by chauffeured vehicle (NACE 49330). They are comparable in size and age: total assets between €58,000 and €117,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 21-10-2025Normal situation
- Activity
- On-demand passenger transport by chauffeured vehicleNACE 49330and 3 others
- Establishment unit
- 2.380.502.2392640 Mortsel, since 21-10-2025
- Financial year end
- 31 December
- Peppol
- Left the register on 03-11-2026
Insights on ARM
The computed 12-month bankruptcy probability of ARM is 4.1% (elevated). The 2025 annual accounts show negative equity (-€9,372) and a net result of -€9,373.
Its solvency ranks better than 12% of 5,946 sector peers (NACE 49, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARM
- What is the company number of ARM?
- The company number of ARM is 1029.453.179. The VAT number is the same number with BE in front: BE 1029.453.179.
- Where is ARM based?
- The registered office is at Armand Segerslei 90, 2640 Mortsel.Company details
- What does ARM do?
- According to the KBO register, the main activity is on-demand passenger transport by chauffeured vehicle (NACE 49330).
- What is the legal form of ARM?
- ARM is a private limited company (BV).
- When was ARM founded?
- ARM was founded on 21-10-2025.
- Is ARM still active?
- Yes, ARM is an active enterprise in the KBO register.
- What is the turnover of ARM?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is ARM profitable?
- In financial year 2025, ARM made a loss of €9,373.
- Where can I find the annual accounts of ARM?
- ARM filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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