ARMA
ActiveSummary
ARMA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108.76M and a net result of €163k. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-10
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 6.94 against 8.93 in 2024; short-term debt: 0.8% and cash: 1.6% of total assets), and 0.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.2%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
37 d early
2023
33 d early
2022
153 d late
2021
37 d early
2020
40 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€163k▼ 96.4%
2024 · €4.54M
2018: €15.42Mhighest in 8 years
2019: €3.25M▼ -78.9% vs 2018
2020: €146k▼ -95.5% vs 2019
2021: €-5.62M▼ -3939% vs 2020lowest in 8 years
2022: €5.81M▲ +204% vs 2021
2023: €3.26M▼ -44.0% vs 2022
2024: €4.54M▲ +39.3% vs 2023
2025: €163k▼ -96.4% vs 2024
2018 → 2025
Working capital
€4.99M▼ 67.1%
2024 · €15.19M
2018: €9.97M
2019: €15.64M▲ +56.8% vs 2018
2020: €15.23M▼ -2.6% vs 2019
2021: €13.65M▼ -10.3% vs 2020
2022: €19.44M▲ +42.4% vs 2021
2023: €22.70M▲ +16.7% vs 2022highest in 8 years
2024: €15.19M▼ -33.1% vs 2023
2025: €4.99M▼ -67.1% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€109.65M-€115.46M▲ 5.3%€118.72M▲ 2.8%€111.25M▼ 6.3%€108.76M▼ 2.2%
2021: €109.65M
2022: €115.46M▲ +5.3% vs 2021
2023: €118.72M▲ +2.8% vs 2022highest in 5 years
2024: €111.25M▼ -6.3% vs 2023
2025: €108.76M▼ -2.2% vs 2024lowest in 5 years
Operating result€-184k-€-187k▼ 1.9%€-170k▲ 9.0%€-119k▲ 29.8%€-222k▼ 86.0%
2021: €-184k
2022: €-187k▼ -1.9% vs 2021
2023: €-170k▲ +9.0% vs 2022
2024: €-119k▲ +29.8% vs 2023highest in 5 years
2025: €-222k▼ -86.0% vs 2024lowest in 5 years
Net result€-5.62M-€5.81M€3.26M▼ 44.0%€4.54M▲ 39.3%€163k▼ 96.4%
2021: €-5.62Mlowest in 5 years
2022: €5.81M▲ +204% vs 2021highest in 5 years
2023: €3.26M▼ -44.0% vs 2022
2024: €4.54M▲ +39.3% vs 2023
2025: €163k▼ -96.4% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €222k in 2025 against €119k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109.60M
Fixed assets
€103.77M ▲ 8.0%
Current assets
€5.83M ▼ 65.9%
Equity and liabilities €109.60M
Equity
€108.76M ▼ 2.2%
Debt
€840k ▼ 56.3%
Debt's share of the balance-sheet total falls from 1.7% to 0.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
6.94▼
2024 · 8.93
Debt to equity
0.01▼
2024 · 0.02
ROE
0.1%▼
2024 · 4.1%
ROA
0.1%▼
2024 · 4.0%
Debt ≤ 1 year
€840k▼
2024 · €1.91M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€113.17M€109.60M▼
Fixed assets21/28€96.07M€103.77M▲
Financial fixed assets28€96.07M€103.77M▲
Current assets29/58€17.11M€5.83M▼
Amounts receivable after more than one year29€76k€810k▲
Trade receivables290€76k€60k▼
Other amounts receivable291-€750k
Amounts receivable within one year40/41€3.35M€620k▼
Other amounts receivable41€3.35M€620k▼
Current investments50/53€11.62M€2.57M▼
Cash at bank and in hand54/58€1.95M€1.74M▼
Deferred charges and accrued income490/1€114k€89k▼
Equity and liabilities
Total equity and liabilities10/49€113.17M€109.60M▼
Equity10/15€111.25M€108.76M▼
Contributions10/11€96.15M€96.15M=
Capital10€96.15M€96.15M=
Issued capital100€96.15M€96.15M=
Reserves13€20.81M€12.91M▼
Non-distributable reserves130/1€1.63M€1.63M=
Legal reserve130€1.63M€1.63M=
Distributable reserves133€19.18M€11.27M▼
Profit (loss) carried forward14€-5.71M€-295k▲
Amounts payable17/49€1.92M€840k▼
Amounts payable within one year42/48€1.91M€840k▼
Trade debts44€14k€22k▲
Suppliers440/4€14k€22k▲
Other amounts payable47/48€1.90M€818k▼
Accrued charges and deferred income492/3€7k€89▼
Income statement
Code20242025
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-118k€-221k▼
Operating profit (loss)9901€-119k€-222k▼
Financial income75/76B€4.71M€402k▼
Recurring financial income75€4.71M€402k▼
Financial charges65/66B€56k€17k▼
Recurring financial charges65€56k€17k▼
Profit (loss) for the period before taxes9903€4.54M€163k▼
Profit (loss) for the period9904€4.54M€163k▼
Profit (loss) for the period to be appropriated9905€4.54M€163k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.17M€-5.55M▼
Profit (loss) brought forward from the previous period14P€-5.71M€-5.71M=
Transfer from equity791/2€12.00M€7.90M▼
Transfer to equity691/2€4.54M€0▼
To the legal reserve6920€227k€0▼
To other reserves6921€4.31M€0▼
Profit to be distributed694/7€12.00M€2.65M▼
Return on contributions (dividend)694€12.00M€2.65M▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €941 | €1k | €1k | €1k | €1k | ▼ 11.7% |
| Gross operating margin9900 | €-183k | €-186k | €-169k | €-118k | €-221k | ▼ 87.1% |
| Operating profit (loss)9901 | €-184k | €-187k | €-170k | €-119k | €-222k | ▼ 86.0% |
| Financial income75/76B | €146k | €6.03M | €3.43M | €4.71M | €402k | ▼ 91.5% |
| Recurring financial income75 | €146k | €6.02M | €3.43M | €4.71M | €402k | ▼ 91.5% |
| Non-recurring financial income76B | - | €7k | - | - | - | - |
| Financial charges65/66B | €5.58M | €27k | €2k | €56k | €17k | ▼ 69.7% |
| Recurring financial charges65 | €5.58M | €27k | €2k | €56k | €17k | ▼ 69.7% |
| Profit (loss) for the period before taxes9903 | €-5.62M | €5.81M | €3.26M | €4.54M | €163k | ▼ 96.4% |
| Profit (loss) for the period9904 | €-5.62M | €5.81M | €3.26M | €4.54M | €163k | ▼ 96.4% |
| Profit (loss) for the period to be appropriated9905 | €-5.62M | €5.81M | €3.26M | €4.54M | €163k | ▼ 96.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111.27M | €115.48M | €118.77M | €113.17M | €109.60M | ▼ 3.2% |
| Fixed assets21/28 | €96.02M | €96.02M | €96.02M | €96.07M | €103.77M | ▲ 8.0% |
| Financial fixed assets28 | €96.02M | €96.02M | €96.02M | €96.07M | €103.77M | ▲ 8.0% |
| Current assets29/58 | €15.25M | €19.46M | €22.75M | €17.11M | €5.83M | ▼ 65.9% |
| Amounts receivable after more than one year29 | €3.60M | €3.60M | €9.94M | €76k | €810k | ▲ 970% |
| Trade receivables290 | €3.60M | €3.60M | €9.94M | €76k | €60k | ▼ 20.8% |
| Other amounts receivable291 | - | - | - | - | €750k | - |
| Amounts receivable within one year40/41 | €1.22M | €1.38M | €632k | €3.35M | €620k | ▼ 81.5% |
| Other amounts receivable41 | €1.22M | €1.38M | €632k | €3.35M | €620k | ▼ 81.5% |
| Current investments50/53 | €3.99M | €3.20M | €9.13M | €11.62M | €2.57M | ▼ 77.9% |
| Cash at bank and in hand54/58 | €6.31M | €11.08M | €2.58M | €1.95M | €1.74M | ▼ 10.5% |
| Deferred charges and accrued income490/1 | €125k | €195k | €470k | €114k | €89k | ▼ 21.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111.27M | €115.48M | €118.77M | €113.17M | €109.60M | ▼ 3.2% |
| Equity10/15 | €109.65M | €115.46M | €118.72M | €111.25M | €108.76M | ▼ 2.2% |
| Contributions10/11 | €96.15M | €96.15M | €96.15M | €96.15M | €96.15M | = |
| Capital10 | €96.15M | €96.15M | €96.15M | €96.15M | €96.15M | = |
| Issued capital100 | €96.15M | €96.15M | €96.15M | €96.15M | €96.15M | = |
| Reserves13 | €19.20M | €25.02M | €28.27M | €20.81M | €12.91M | ▼ 38.0% |
| Non-distributable reserves130/1 | €951k | €1.24M | €1.40M | €1.63M | €1.63M | = |
| Legal reserve130 | €951k | €1.24M | €1.40M | €1.63M | €1.63M | = |
| Distributable reserves133 | €18.25M | €23.77M | €26.87M | €19.18M | €11.27M | ▼ 41.2% |
| Profit (loss) carried forward14 | €-5.71M | €-5.71M | €-5.71M | €-5.71M | €-295k | ▲ 94.8% |
| Amounts payable17/49 | €1.62M | €18k | €50k | €1.92M | €840k | ▼ 56.3% |
| Amounts payable within one year42/48 | €1.59M | €15k | €48k | €1.91M | €840k | ▼ 56.1% |
| Current portion of amounts payable after more than one year42 | €1.54M | - | - | - | - | - |
| Trade debts44 | €26k | €15k | €48k | €14k | €22k | ▲ 55.9% |
| Suppliers440/4 | €26k | €15k | €48k | €14k | €22k | ▲ 55.9% |
| Other amounts payable47/48 | €27k | - | - | €1.90M | €818k | ▼ 57.0% |
| Accrued charges and deferred income492/3 | €25k | €3k | €2k | €7k | €89 | ▼ 98.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5.62M | €5.81M | €3.26M | €4.54M | €163k | ▼ 96.4% |
| Operating cash flow (approximation) | €-5.62M | €5.81M | €3.26M | €4.54M | €163k | ▼ 96.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-50k | €-7.70M | ▼ 15,167% |
| Change in cash | - | €4.77M | €-8.50M | €-625k | €-206k | ▲ 67.1% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
05-08
State Gazette act
Reappointments: Arthur Christiaan SEYNAEVE, Arthur Wauthier SEYNAEVE and Maureen SEYNAEVEPermanent representative: Lien RASSCHAERT · Mandate compensation8 facts ▸
State Gazette act
Reappointments: Arthur Christiaan SEYNAEVE, Arthur Wauthier SEYNAEVE and Maureen SEYNAEVE
Permanent representative: Lien RASSCHAERT · Mandate compensation8 facts ▸
- General meeting, 09/06/2026
- Director reappointment, Arthur Christiaan SEYNAEVE (director)
- Director reappointment, Arthur Wauthier SEYNAEVE (director)
- Director reappointment, Maureen SEYNAEVE (director)
- Mandate compensation, Arthur Christiaan SEYNAEVE
- Mandate compensation, Arthur Wauthier SEYNAEVE
- Mandate compensation, Maureen SEYNAEVE
- Permanent representative, Lien RASSCHAERT
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 153 days late
2022
31-12
Financial
Back to profitnet €5.81M
Net result €5.81M after one loss-making year.
31-12
Financial
Liquidity times 136current ratio 1298.90
Current ratio from 9.56 to 1298.90; short-term debt falls from €1.59M to €15k.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-5.62M
Net result drops to €-5.62M, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 34.76
Current ratio from 9.25 to 34.76; short-term debt falls from €1.90M to €451k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26100820). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Arthur Christiaan SEYNAEVE
CurrentDirector · since 09-06-2026
Arthur Wauthier SEYNAEVE
CurrentDirector · since 09-06-2026
Maureen SEYNAEVE
CurrentDirector · since 09-06-2026
09-06-2026
Arthur Christiaan SEYNAEVE: Mandate renewed as Director
09-06-2026
Arthur Wauthier SEYNAEVE: Mandate renewed as Director
09-06-2026
Maureen SEYNAEVE: Mandate renewed as Director
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Beernem · 1 establishment unit since 2016
Ground area
1.4 ha
Building footprint
337 m²
Volume, LiDAR
2,136 m³
Parcel 31003G0328/00_000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ARMA
since 20162.260.002.109
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003G0328/00_000 | Flanders | 1.4 ha | 1 · 336 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
8755001JL64WZAVF2L59
Identification & contact
Identification
Legal formPublic limited company
Founded14-10-2016
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.