ARM TRANS
InactiveARM TRANS was declared bankrupt on 12-11-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 14-10-2025, published in the Belgian State Gazette on 30-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 12-11-2022, 104 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
104 d late
2020
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 63 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€12,921▼ 4.3%
2020 · €13,501
Total assets
€13,091▼ 3.7%
2020 · €13,598
Net result
-€580
2020 · €12,001
Working capital
€12,921▼ 4.3%
2020 · €13,501
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021
Operating result€12,003--€175
Net result€12,001--€580
Equity€13,501-€12,921▼ 4.3%
Total assets€13,598-€13,091▼ 3.7%
Debt€97-€170▲ 75.3%
Working capital€13,501-€12,921▼ 4.3%
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 2021: a loss of €175 after €12,003 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €13,091
Equity
€12,921 ▼ 4.3%
Debt
€170 ▲ 75.3%
Debt's share of the balance-sheet total rises from 0.7% to 1.3%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
77.15
Debt to equity
0.01
ROE
-4.5%▼
2020 · 88.9%
ROA
-4.4%▼
2020 · 88.3%
Debt ≤ 1 year
€170▲
2020 · €97
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,200 | - | - |
| Gross operating margin9900 | €13,203 | -€175 | ▼ 101% |
| Operating profit (loss)9901 | €12,003 | -€175 | ▼ 101% |
| Financial charges65/66B | - | €405 | - |
| Recurring financial charges65 | €1 | €405 | ▲ 28,830% |
| Profit (loss) for the period before taxes9903 | €12,001 | -€580 | ▼ 105% |
| Profit (loss) for the period9904 | €12,001 | -€580 | ▼ 105% |
| Profit (loss) for the period to be appropriated9905 | €12,001 | -€580 | ▼ 105% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €13,598 | €13,091 | ▼ 3.7% |
| Current assets29/58 | €13,598 | €13,091 | ▼ 3.7% |
| Amounts receivable within one year40/41 | €13,594 | €13,089 | ▼ 3.7% |
| Other amounts receivable41 | - | €13,089 | - |
| Cash at bank and in hand54/58 | €5 | €2 | ▼ 67.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €13,598 | €13,091 | ▼ 3.7% |
| Equity10/15 | €13,501 | €12,921 | ▼ 4.3% |
| Contributions10/11 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €12,001 | €11,421 | ▼ 4.8% |
| Amounts payable17/49 | €97 | €170 | ▲ 75.3% |
| Amounts payable within one year42/48 | €97 | €170 | ▲ 75.3% |
| Financial debts43 | - | €24 | - |
| Credit institutions430/8 | - | €24 | - |
| Trade debts44 | €97 | €145 | ▲ 50.0% |
| Suppliers440/4 | - | €145 | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12,001 | -€580 | ▼ 105% |
| + Depreciation and write-downs630 | €1,200 | - | - |
| Operating cash flow (approximation) | €13,201 | -€580 | ▼ 104% |
| Change in cash | - | -€3 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 14-10-2025
2024
19-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 12-11-2024
2022
12-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 104 days late
2021
21-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 21 days late
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARC DEWAEL A. DE COCKPLEIN 9, 1831 DIEGEM- |
12-11-2024 → 14-10-2025 |