ARM Logistics Group
ActiveThe computed 12-month bankruptcy probability of ARM Logistics Group is 5.1% (elevated). The 2025 annual accounts show negative equity (€-6k) and a net result of €-21k. Equity is shrinking by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 4478 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
7
/ 100
Critical▼ -34 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+83
Solvency34▲+19
Growth32▼-20
Stability94
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.8 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-8.9%
Return on assets
-30.3%
Age of the figures
17 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€6k
neutral · Filed after the deadline
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 01-12-2025, 1 day 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.
NBB · 4 filingsDeviation from the deadline
2025
1 d late
2024
5 d late
2023
6 d early
2022
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close15-09-2026 today30-11-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€-6k
2024 · €15k
2022: €14k
2023: €14k
2024: €15k
2022 → 2025
Total assets
€69k▼ 41.1%
2024 · €118k
2022: €114k
2023: €103k
2024: €118k
2022 → 2025
Net result
€-21k
2024 · €500
2022: €9k
2023: €677
2024: €500
2022 → 2025
Working capital
€-36k▼ 130%
2024 · €-16k
2022: €-357
2023: €-11k
2024: €-16k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€14k-€14k▲ 5.0%€15k▲ 3.5%€-6k
Operating result€12k-€4k▼ 65.5%€3k▼ 20.9%€-18k
Net result€9k-€677▼ 92.2%€500▼ 26.2%€-21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18k after €3k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69k
Fixed assets
€30k▼ 42.7%
Current assets
€39k▼ 39.7%
Key figures and ratios
EBITDA
€5k▼
2024 · €25k
Cash flow
€2k▼
2024 · €22k
Solvency
-8.9%▼
2024 · 12.6%
Current ratio
0.52▼
2024 · 0.80
Quick ratio
0.52▼
2024 · 0.80
Debt / equity
-12.26▼
2024 · 6.92
ROE
341.3%▲
2024 · 3.4%
ROA
-30.3%▼
2024 · 0.4%
Interest coverage
1.40▼
2024 · 8.52
Debt
€75k▼
2024 · €103k
Debt ≤ 1 year
€75k▼
2024 · €81k
Debt > 1 year
€0▼
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€118k€69k▼
Fixed assets21/28€53k€30k▼
Tangible fixed assets22/27€53k€30k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€47k€28k▼
Current assets29/58€65k€39k▼
Amounts receivable within one year40/41€60k€36k▼
Trade receivables40€54k€33k▼
Other amounts receivable41€7k€3k▼
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€228€844▲
Equity and liabilities
Total equity and liabilities10/49€118k€69k▼
Equity10/15€15k€-6k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€10k€-11k▼
Amounts payable17/49€103k€75k▼
Amounts payable after more than one year17€22k€0▼
Financial debts170/4€22k€0▼
Amounts payable within one year42/48€81k€75k▼
Current portion of amounts payable after more than one year42€21k€22k▲
Trade debts44€28k€12k▼
Suppliers440/4€28k€12k▼
Taxes, remuneration and social security45€31k€41k▲
Taxes450/3€31k€41k▲
Income statement
Code20242025
Non-recurring operating income76A€0€264▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€23k▲
Other operating charges640/8€8k€12k▲
Non-recurring operating charges66A€375€437▲
Gross operating margin9900€34k€17k▼
Operating profit (loss)9901€3k€-18k▼
Financial income75/76B€150€259▲
Recurring financial income75€150€259▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€500€-21k▼
Profit (loss) for the period9904€500€-21k▼
Profit (loss) for the period to be appropriated9905€500€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-11k▼
Profit (loss) brought forward from the previous period14P€9k€10k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 1 day late
30-04
Financial
Weakest financial yearnet €-21k ▼4302%
Net result drops to €-21k, the lowest in the series.
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 2021
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.
Mechelsestraat 682260 WesterloGround area
785 m²
Building footprint
124 m²
Volume, LiDAR
778 m³
Parcel 13028A0028/00X000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Racs Logistic Group
since 20212.322.586.509
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13028A0028/00X000 | Flanders | 785 m² | 1 · 124 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Jambers
BE 0404.776.644
Antwerpen · Eq €15k
P&R Group
BE 0800.155.572
Zaventem · Eq €15k
FLS Europe
BE 0785.854.804
Brussel · Eq €15k
ALI-S ENTREPRISES
BE 0785.373.168
Antwerpen · Eq €15k
GLOBAL CRAFT
BE 1005.681.053
Brussel · Eq €16k
Of 988 companies in sector 49420 we hold annual accounts for 446. 271 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-2021
Fiscal year end30-04
Activities, NACEBEL
49420Removal services
49410Freight transport by road
52100Warehousing and storage
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.