ARMAAN
Open bankruptcySummary
A bankruptcy procedure is open for ARMAAN according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €21,113 and a net result of €6,972.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 17 September 2026
- Supervising judge
- Christiaan Govaerts
- Official Gazette
- 23-09-2026 (pdf) ↗search the document for 2026/138919
Deadlines
- Provisional date payments stopped
- 17 September 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- 8 October 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- 17 October 2026art. XX.104 and XX.155 CEL
- First verification report
- 13 November 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 17 September 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Barbara HeysseEsmoreitlaan 5, 2050 Antwerpen 5b.heysse@esmoreit.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 44 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Non-specialised retail sale with food, beverages or tobacco predominating sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€394,463▲ 113%
2023 · €184,948
EBIT margin
2.6%▼ 5.9pp
2023 · 8.5%
Net result
€6,972▼ 42.6%
2023 · €12,140
Working capital
€12,839▲ 984%
2023 · €1,184
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Turnover€184,948-€394,463▲ 113%
Operating result€15,711-€10,387▼ 33.9%
Net result€12,140within the sector's middle half-€6,972within the sector's middle half▼ 42.6%
EBIT margin8.5%-2.6%▼ 5.9pp
Equity€14,140within the sector's middle half-€21,113within the sector's middle half▲ 49.3%
Total assets€30,942below the sector's middle half-€41,452below the sector's middle half▲ 34.0%
Debt€16,802-€20,340▲ 21.1%
Working capital€1,184-€12,839▲ 984%
Solvency45.7%within the sector's middle half-50.9%within the sector's middle half▲ 5.2pp
Staff (FTE)0.6-0.8▲ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €41,452
Fixed assets
€8,273 ▼ 36.1%
Current assets
€33,179 ▲ 84.5%
Equity and liabilities €41,452
Equity
€21,113 ▲ 49.3%
Debt
€20,340 ▲ 21.1%
Debt's share of the balance-sheet total falls from 54.3% to 49.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,070▼
2023 · €19,457
Cash flow
€11,655▼
2023 · €15,886
Current ratio
1.63▲
2023 · 1.07
Quick ratio
1.40▲
2023 · 0.87
Debt to equity
0.96▼
2023 · 1.19
ROE
33.0%▼
2023 · 85.9%
ROA
16.8%▼
2023 · 39.2%
Interest coverage
36.03▼
2023 · 154.27
Debt ≤ 1 year
€20,340▲
2023 · €16,802
Income taxes
€2,996▼
2023 · €3,445
Staff costs
€24,404▲
2023 · €17,028
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Turnover70 | €184,948 | €394,463 | ▲ 113% |
| Goods, raw materials, services and sundry goods60/61 | €150,988 | €358,346 | ▲ 137% |
| Remuneration, social security and pensions62 | €17,028 | €24,404 | ▲ 43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,746 | €4,683 | ▲ 25.0% |
| Other operating charges640/8 | €2,135 | €1,358 | ▼ 36.4% |
| Gross operating margin9900 | €38,619 | €40,832 | ▲ 5.7% |
| Operating profit (loss)9901 | €15,711 | €10,387 | ▼ 33.9% |
| Financial income75/76B | €1 | - | - |
| Recurring financial income75 | €1 | - | - |
| Financial charges65/66B | €126 | €418 | ▲ 232% |
| Recurring financial charges65 | €126 | €418 | ▲ 232% |
| Profit (loss) for the period before taxes9903 | €15,585 | €9,968 | ▼ 36.0% |
| Income taxes67/77 | €3,445 | €2,996 | ▼ 13.0% |
| Profit (loss) for the period9904 | €12,140 | €6,972 | ▼ 42.6% |
| Profit (loss) for the period to be appropriated9905 | €12,140 | €6,972 | ▼ 42.6% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €30,942 | €41,452 | ▲ 34.0% |
| Fixed assets21/28 | €12,956 | €8,273 | ▼ 36.1% |
| Tangible fixed assets22/27 | €10,304 | €5,621 | ▼ 45.4% |
| Plant, machinery and equipment23 | €2,200 | €1,200 | ▼ 45.4% |
| Furniture and vehicles24 | €8,104 | €4,421 | ▼ 45.4% |
| Financial fixed assets28 | €2,652 | €2,652 | = |
| Current assets29/58 | €17,986 | €33,179 | ▲ 84.5% |
| Stocks and contracts in progress3 | €3,299 | €4,628 | ▲ 40.3% |
| Stocks30/36 | €3,299 | €4,628 | ▲ 40.3% |
| Amounts receivable within one year40/41 | - | €20,167 | - |
| Other amounts receivable41 | - | €20,167 | - |
| Cash at bank and in hand54/58 | €14,687 | €8,384 | ▼ 42.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €30,942 | €41,452 | ▲ 34.0% |
| Equity10/15 | €14,140 | €21,113 | ▲ 49.3% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €12,140 | €19,113 | ▲ 57.4% |
| Amounts payable17/49 | €16,802 | €20,340 | ▲ 21.1% |
| Amounts payable within one year42/48 | €16,802 | €20,340 | ▲ 21.1% |
| Trade debts44 | €2,234 | €8,246 | ▲ 269% |
| Suppliers440/4 | €2,234 | €8,246 | ▲ 269% |
| Taxes, remuneration and social security45 | €14,513 | €12,094 | ▼ 16.7% |
| Taxes450/3 | €5,313 | €12,094 | ▲ 128% |
| Remuneration and social security454/9 | €9,200 | - | - |
| Other amounts payable47/48 | €55 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12,140 | €6,972 | ▼ 42.6% |
| + Depreciation and write-downs630 | €3,746 | €4,683 | ▲ 25.0% |
| Operating cash flow (approximation) | €15,886 | €11,655 | ▼ 26.6% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€6,303 | - |
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
2026
23-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 17-09-2026
18-09
State Gazette act
Resignation: Singh Karandeep (director)Appointment: Halim Rana Moustafa (director) · Registered-office move · Shareholding6 facts ▸
State Gazette act
Resignation: Singh Karandeep (director)
Appointment: Halim Rana Moustafa (director) · Registered-office move · Shareholding6 facts ▸
- General meeting, 28-06-2026
- Director resignation, Singh Karandeep (director)
- Director appointment, Halim Rana Moustafa (director)
- Registered-office move, Te couwlerlei 25 2100 Antwerpen
- Shareholding, 28-06-2026, 0
- Shareholding, 28-06-2026, 100
2025
26-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 20-11-2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
SignalState Gazette actNBB filing
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
1 director, last change in 2026
Halim Rana Moustafa
CurrentDirector · since 28-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 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, Antwerpen · 1 establishment unit since 2023
Ground area
296 m²
Building footprint
445 m²
Volume, LiDAR
2,787 m³
2 parcels, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
ARMAAN
since 20232.343.653.820
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016A0053/00L000 | Flanders | 187 m² | 1 · 336 m² | 11.0 m · 2 fl. |
| 11343A0598/00H029 | Flanders | 109 m² | 1 · 109 m² | 8.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Halim Rana Moustafa |
|
| Singh Karandeep |
|
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | BARBARA HEYSSE ESMOREITLAAN 5,
2050 ANTWERPEN 5 |
17-09-2026 → present |
| Curator | KATRIEN TEUGHELS COREMANSSTRAAT 14A,
2600 BERCHEM (ANTWERPEN) |
20-11-2025 → present |
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 18-09-2026 ↗
- Oulad Haj Amar Younes
- Halim Rana Moustafa 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 4,194 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0798243682
Also
9925:BE0798243682
Registered
01-05-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.