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ARMACA

Active Public limited companyfounded 1984active for 42 yearsSteenhouwerslaan 2A, 9990 MaldegemKBO/BCE: BE 0425.915.419
ARMACA
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Overview

Lifetime

20 annual accounts with figures on one time axis, 41 filings since 1985
peak €564,455 (2010)
€286,391▼ 16.5%
lowest -€53,289 (2011)
€7,390▲ €9,996
peak €794,306 (2010)
€733,744▲ 1.0%
€442,635▼ 16.3%
peak 12.8 FTE (2010)
4 FTE▼ 11.1%
Board1 name since 2016
1 directorCrommen Armand
Documentsfilings and deeds
30-09-202661 days late
2025financial year
Gross margin from €342,886 to €286,391Back to profit: €7,390Staff from 4.5 FTE to 4 FTEDebts from €528,660 to €442,635Cash from €74,040 to €19,479

Key points

from the 2025 annual accounts

Turnover

≈ €610,000 estimated

The accounts state no turnover.

Staff

4 FTE from 12.8 in 2010

Between 2010 and 2025, 69% of the full-time equivalents disappeared.

Filings

41 annual accounts 61 days
AprilJune31 JulyOctober1990200020102020

Latest accounts filed late: after the legal deadline.

Checked score

70
Healthy
Financially stronger than 44% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.6% 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 1.0%▲ +0.3 percentage points vs 07-2025 09-2025: 1.1%▲ +0.1 percentage points vs 08-2025 10-2025: 1.4%▲ +0.3 percentage points vs 09-2025highest value 11-2025: 0.5%▼ -0.9 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026lowest value 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.3 percentage points vs 07-2026 09-2026: 1.0%▲ +0.2 percentage points vs 08-2026 10-2026: 0.6%▼ -0.4 percentage points vs 09-2026 11-2026: 0.6%● unchanged vs 10-2026

Financial strength
Average

87+4equity 62.4% of total assets
40-1short-term debt 29.8% · cash 1.7%
54-4return on assets 0.6%

Score breakdown

raises risk
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 3.21, cash €19,479, halved
lowers risk
Founded in 1984
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 41, micro). It does better than 71% of them on solvency, 36% on liquidity, 31% on profitability and 38% on growth.

The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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, 17,041 companies had the same profile as ARMACA has now. Each dot stands for 43 companies, two years later.

94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of ARMACA itself: 0.6% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 17,041 companies, not a prediction for ARMACA. 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

Credit of up to €50,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.21 (2.59 in 2024), above the usual 1.5. Short-term debt is 29.8% and cash 1.7% of total assets. 37.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 61 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Founded in 1984
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 3.21, cash €19,479, halved
NBB · annual accounts
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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 · 10 filings
Deviation from the deadline
2025
61 days late
2024
60 days late
2023
55 days late
2022
63 days late
2021
26 days late
2020
66 days early
2019
87 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 41 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CA
Crommen Armand
Director, since 01-07-2022
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0425915419
Amendment of the articles Gazette deed
Reappointment: Crommen Armand (director) Gazette deed
First establishment Steenhouwerslaan 2 A, Maldegem
All 52 events

Comparable companies

same main activity, similar in size and age
Company
ARMACA Maldegem €1.2m €286,391 62.4% 4
GLOBAL DESIGN & BUILD Watermael-Boitsfort €1.2m €319,801 88.7% 4
DE WILDE F. Grobbendonk €1.2m €330,454 22.9% 4.4
LES ENTREPRISES FERNAND KAYE Grez-Doiceau €1.0m €229,968 66.1% 4
LOUIS DAMMEN Balen €1.1m €308,901 46.5% 4.4
Bouwwerken Wim Brosens Hoogstraten €1.2m €353,504 74.9% 4.1
Gust Projectontwikkeling Hamme (Vl.) €0.9m €290,390 62.8% 3.5

These companies have the same main activity as ARMACA: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €858,000 and €1.2m, founded between 1977 and 1991.

Official details

Source: KBO
Status
Active since 27-06-1984Normal situation
Activity
General construction of residential buildingsNACE 41001
Joint committee
124Construction · annual accounts 2025
Establishment unit
2.025.175.4039990 Maldegem, since 26-06-1984
Financial year end
31 December
Peppol
Reachable since 16-12-2025
Company details

Annual accounts 2025

€286,391▼ 16.5%
€7,390
€733,744▲ 1.0%
€1.2m▼ 6.3%
Employeeson 31-12-2025
4=
Filing
Filed on 30-09-2026
Financials

Insights on ARMACA

ARMACA has existed since 1984. The gross margin fell from €524,850 in 2006 to €286,391 in 2025 and staff from 11.7 to 4 full-time equivalents.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 30-09-2026, 61 days late
€286,391
▼ 16.5%
€11,924
▲ €15,305
€7,390
▲ €9,996
€774,894
▲ 7.4%
62.4%
▲ 4.5 percentage points
3.21
▲ 0.61

The turnover shown is an estimate from the gross margin.

Turnover ≈ €610,000. Estimated: probably between €490,000 and €900,000.

Balance sheet

balance sheet total €1.2m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

62.4%

Higher than 79% of 1,037 companies in 2025.

3.21

Higher than 80% of 1,016 companies in 2025.

0.6%

Higher than 38% of 1,032 companies in 2025.

ARMACA Middle half of the sector 80% of the sector Full accounts in construction of buildings (NACE 41)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€61,934

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.2m1.3m1.2m1.2m1.3m1.2m1.2m1.1m1.1m1.2m1.2m1.3m1.2m1.3m1.3m1.2m1.4m1.3m1.2m1.2m
21/28 50,47181,13894,535121,910162,510111,78692,95793,75961,42485,950100,77070,10152,98852,74779,58171,09676,93187,167104,99854,545
21 -----------------289579-
22/27 48,49679,16392,559119,934160,534109,81090,98191,78459,44983,97598,86368,22751,18251,00977,77569,35876,93186,878104,41954,545
23 15,79722,67920,15214,26114,63513,44310,3392,8674,8427,38810,5257,2932,6373,5955,8017,0448,46412,15315,11119,157
24 14,35234,53440,64863,09086,77646,88032,73641,4775,64719,43127,23232,11448,54547,41471,97462,31468,46774,72589,30835,388
26 18,34821,95031,75942,58359,12349,48747,90647,44048,96057,15561,10628,820--------
28 1,9751,9751,9751,9751,9751,9751,9751,9751,9751,9751,9071,8741,8061,7381,8061,738----
29/58 1.1m1.2m1.2m1.1m1.1m1.1m1.1m1.0m1.0m1.1m1.1m1.2m1.2m1.2m1.2m1.1m1.3m1.2m1.1m1.2m
3 671,674643,446628,928595,100544,950513,150487,480499,225515,884482,881488,355491,350582,885573,960576,347525,400632,000572,400549,370503,936
30/36 397,776401,216410,138385,650329,750295,550279,680286,745290,534292,831290,355285,840307,210304,540271,817265,600290,000305,000258,540250,146
37 273,898242,230218,790209,450215,200217,600207,800212,480225,350190,050198,000205,510275,675269,420304,530259,800342,000267,400290,830253,790
40/41 426,939444,518484,552489,195502,149536,269504,758501,149488,128576,493589,243649,420569,029569,693585,761554,014498,834543,304466,252593,302
40 424,200432,275481,537486,853492,040530,794500,352492,719478,336565,990580,668632,011542,598558,243566,891497,898486,623521,327432,463548,376
41 2,73812,2433,0152,34110,1095,4754,4078,4299,79210,5038,57517,40926,43111,45018,87056,11612,21121,97733,78944,926
54/58 19,47974,04024,99434,14343,39480,99160,55026,78431,08019,20722,89489,44233,94966,45155,04449,387149,20237,016103,08355,081
490/1 7,81611,87212,1035,6536,1707,6648,4286,6865,3858,76811,89710,4799,3599,24211,43912,35116,77821,16525,07112,126
Balance sheet: equity and liabilities
10/49 1.2m1.3m1.2m1.2m1.3m1.2m1.2m1.1m1.1m1.2m1.2m1.3m1.2m1.3m1.3m1.2m1.4m1.3m1.2m1.2m
10/15 733,744726,355728,962736,938746,040760,889742,183725,315711,898723,896720,413770,294757,385752,560741,017794,306747,473743,505739,746727,368
10/11 285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078
10 285,078285,078285,078285,078285,078---------------
100 285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078285,078
13 448,667441,277443,884451,860460,963475,812457,105440,237426,820438,818435,335485,216472,307467,482455,939509,228462,395458,427454,668442,290
130/1 28,50828,50828,50828,50828,50828,508--------------
130 28,50828,50828,50828,50828,50828,50828,50828,50828,50828,50828,50728,50828,50828,50828,50728,50828,50828,50828,50828,508
132 ---------------51,00051,00051,00051,00051,000
133 420,159412,770415,376423,352432,455447,304428,598411,729398,313410,311406,828456,708443,799438,974427,432429,720382,887378,919375,160362,782
17/49 442,635528,660516,151509,062513,131488,971411,990402,289390,003449,403492,746540,498490,825519,533567,155417,942626,272517,547509,028491,622
17 71,17169,44987,18856,87590,55448,12674,25253,87829,40054,90292,03038,39529,32225,26545,48440,27054,07773,536100,23031,426
170/4 71,17169,44987,18856,87590,55448,12674,25253,87829,40054,90292,03038,39529,32225,26545,48440,27054,07773,536100,23031,426
42/48 351,014452,607428,601447,751412,244438,769336,709343,880355,590394,501400,716502,103461,501491,920519,560375,561570,075441,879406,631458,089
42 19,51827,34524,98128,67830,28221,87627,38224,62025,00233,12833,61221,29126,25920,21920,45413,80719,45926,69426,69412,887
43 88-------------------
430/8 88-------------------
44 297,085363,788354,446354,568323,658313,915262,497296,591310,170322,820340,577426,638412,312445,205461,497336,906469,349356,537329,857384,579
440/4 297,085363,788354,446354,568323,658313,915262,497296,591310,170322,820340,577426,638412,312445,205461,497336,906469,349356,537329,857384,579
45 26,83558,39943,78859,67654,684101,09145,02915,79613,86132,31618,06154,17422,93026,49637,60924,84879,82257,21750,06760,610
450/3 20,17755,73940,58253,08351,753100,55840,46410,0168,92132,20415,08052,40819,41122,16633,69121,40076,26153,00646,71556,153
454/9 6,6582,6603,2056,5932,9315334,5655,7804,9401112,9811,7663,5194,3303,9183,4483,5614,2113,3524,457
47/48 7,4883,0755,3874,8283,6201,8861,8026,8726,5576,2388,466-----1,4451,4311313
492/3 20,4506,6043614,43610,3332,0761,0294,5325,013---22,3482,1112,1112,1202,1322,1672,107
Income statement
76A 40,815850--7,240--1,240---2,5002,969-49612,1524,4483,30616,699-
9900 286,391342,886332,660299,398289,126315,809289,648302,925310,535401,646452,469492,776478,273506,756459,728564,455529,636503,741544,434524,850
62 247,735294,547283,105255,054242,989247,891219,845245,536310,105349,191445,620439,816435,103452,897491,809488,526486,759449,717477,643441,400
630 17,82743,61743,23346,02641,33327,69730,90929,58629,06229,79938,57231,31935,39731,84334,32130,11330,91244,36246,48332,119
635/8 --------------1,809-25,310-----
640/8 4,8648,1047,15712,47715,23014,52517,21913,03220,20515,1168,9909,3158,3149,2479,1309,6388,5326,33911,6699,745
66A 4,041-1,036--1,981----615-250--565-1,11111,5783,822
9901 11,924-3,381-1,870-14,158-10,42723,71421,67514,771-48,8377,540-40,71312,326-54114,578-50,22236,1783,4333,3238,63941,586
75/76B 3,04115,7261,98210,3016,6591,6862,1551,19548,79437526,9514275,9641421932455093,7493,6011,868
75 3,04115,7261,98210,3016,6591,6862,1551,19548,79437526,9514275,9641421932455093,7493,6011,868
65/66B 7,1549,1926,3303,7689,6212,7093,3482,11211,5084,23213,9561,9532,9072,9903,7563,4604,4225,5274,9838,069
65 7,1548,4866,3303,7689,6212,7093,3482,11211,5084,23213,9561,9532,9072,9903,7563,4604,4225,5274,9838,069
66B -707------------------
9903 7,8113,152-6,218-7,624-13,38822,69120,48213,853-11,5513,684-28,33313,3005,23511,730-53,28944,5503,9683,74012,37831,563
67/77 4215,7591,7581,4781,4603,9853,614437447201214392410187----19-5,239
9904 7,390-2,607-7,976-9,103-14,84918,70616,86813,417-11,9983,483-28,54712,9084,82511,543-53,28944,5503,9683,75912,37826,324
789 --------------51,000-----
9905 7,390-2,607-7,976-9,103-14,84918,70616,86813,417-11,9983,483-28,54712,9084,82511,543-2,28944,5503,9683,75912,37826,324
Appropriation of the result
9906 7,390-2,607-7,976-9,103-14,84918,70616,86813,417-11,9983,483-28,54712,9084,82511,543-2,28944,5503,9683,75912,37826,324
791/2 -2,6077,9769,10314,849---11,998-49,881---2,289-----
691/2 7,390----18,70616,86813,417-3,483-12,9084,82511,543-44,5503,9683,75912,37826,324
6921 7,390----18,70616,86813,417-3,483-12,9084,82511,543-44,5503,9683,75912,37826,324
694/7 ----------21,334---------
694 ----------21,334---------
Social balance sheet
9087 44.54.643.94.24.85.27.88.910.410.111.310.91112.812.111.212.111.7
Hours worked1013 5,7427,1647,1526,4386,4876,9336,5257,2189,76311,47114,45614,72114,96515,36916,68717,53217,28816,40018,54516,412
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The accounts for 21 older financial years (1985-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00540348.

Financial year Type Filed Reference Document
31-12-2025 full format 30-09-2026 2026-00540348 PDF
31-12-2024 abbreviated format 29-09-2025 2025-00520136 PDF
31-12-2023 abbreviated format 24-09-2024 2024-00472003 PDF
31-12-2022 abbreviated format 02-10-2023 2023-00471278 PDF
31-12-2021 abbreviated format 26-08-2022 2022-20339139 PDF
31-12-2020 abbreviated format 26-05-2021 2021-15300132 PDF
31-12-2019 abbreviated format 26-10-2020 2020-63200089 PDF
31-12-2018 abbreviated format 20-09-2019 2019-65000445 PDF
31-12-2017 abbreviated format 26-09-2018 2018-65200574 PDF
31-12-2016 abbreviated format 28-06-2017 2017-23400309 PDF
31-12-2015 abbreviated format 09-09-2016 2016-59400252 PDF
31-12-2014 abbreviated format 10-07-2015 2015-29200170 PDF
31-12-2013 abbreviated format 15-09-2014 2014-58500271 PDF
31-12-2012 abbreviated format 20-08-2013 2013-43500582 PDF
31-12-2011 abbreviated format 29-08-2012 2012-47600355 PDF
31-12-2010 abbreviated format 24-08-2011 2011-43700269 PDF
31-12-2009 abbreviated format 13-08-2010 2010-41300352 PDF
31-12-2008 abbreviated format 12-10-2009 2009-80900220 PDF
31-12-2007 abbreviated format 29-09-2008 2008-76000362 PDF
31-12-2006 abbreviated format 04-07-2007 2007-35800344 PDF
31-12-2005 abbreviated format 26-06-2006 2006-33600248 PDF
31-12-2004 abbreviated format 15-07-2005 2005-50101824 PDF
31-12-2003 abbreviated format 31-08-2004 2004-62303760 PDF
31-12-2002 abbreviated format 12-08-2003 2003-61305223 PDF
31-12-2001 abbreviated format 30-07-2002 2002-44102938 PDF
31-12-2000 abbreviated format 29-06-2001 2001-30801689 PDF
31-12-1999 abbreviated format 28-07-2000 2000-47603688 PDF
31-12-1998 abbreviated format 03-09-1999 1999-44304734 PDF
31-12-1997 abbreviated format 15-07-1998 1998-33204455 PDF
31-12-1996 abbreviated format 16-07-1997 1997-31103013 PDF
31-12-1995 abbreviated format 21-06-1996 1996-18903673 PDF
31-12-1994 abbreviated format 13-07-1995 1995-39200888 PDF
31-12-1993 abbreviated format 15-07-1994 1994-29904060 PDF
31-12-1992 abbreviated format 09-07-1993 1993-25200586 PDF
31-12-1991 abbreviated format 14-07-1992 1992-21704497 PDF
31-12-1990 abbreviated format 16-09-1991 1991-25304665 PDF
31-12-1989 abbreviated format 10-07-1990 1990-16700077 PDF
31-12-1988 abbreviated format 12-07-1989 1989-16303370 PDF
31-12-1987 abbreviated format 29-06-1988 1988-12401199 PDF
31-12-1986 abbreviated format 30-06-1987 1987-13600890 PDF
31-12-1985 abbreviated format 23-12-1986 1986-46400531 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
29,75140,23541,36231,86830,90651,41252,58444,357-19,77537,339-2,14143,64534,85646,421-15,90166,29134,34547,68555,12273,705
25,21741,01035,25736,92326,48446,40447,77743,00217,06433,28210,02544,22740,22243,386-18,96874,66334,88048,12158,86158,443
2,01930,92716,4585,42692,05777,35730,10661,9214,53614,97969,24148,43238,4705,07742,80623,75520,67626,53196,9365,552
-54,56149,046-9,149-9,251-37,59720,44133,765-4,29611,873-3,687-66,54855,493-32,50211,4075,657-99,815112,186-66,06748,002-
774,894721,269721,976676,339684,418699,306724,507689,964684,886692,848711,673738,588733,721727,426709,031765,591726,739732,006737,145706,356
62.4%57.9%58.5%59.1%59.2%60.9%64.3%64.3%64.6%61.7%59.4%58.8%60.7%59.2%56.6%65.5%54.4%59.0%59.2%59.7%
3.212.592.682.512.662.593.153.012.932.762.782.472.592.482.363.042.272.662.812.54
1.291.171.221.181.341.421.701.551.481.531.561.491.331.311.261.641.171.361.461.44
0.600.730.710.690.690.640.560.550.550.620.680.700.650.690.770.530.840.700.690.68
1.0%-0.4%-1.1%-1.2%-2.0%2.5%2.3%1.8%-1.7%0.5%-4.0%1.7%0.6%1.5%-7.2%5.6%0.5%0.5%1.7%3.6%
0.6%-0.2%-0.6%-0.7%-1.2%1.5%1.5%1.2%-1.1%0.3%-2.4%1.0%0.4%0.9%-4.1%3.7%0.3%0.3%1.0%2.2%
4.164.746.538.463.21---------------

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date44543
full-time44543
in full-time equivalents44543
44.54.643.9
On a permanent contract44543
Joined-0110
Left-1001

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€2,019€30,927€16,458€5,426€92,057
€17,827€43,617€43,233€46,026€41,333

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ARMACA

The operating result for 2025 is a profit of €11,924, after a loss of €3,381 in 2024. It is the highest result since 2020.

Debt's share of the balance-sheet total falls from 42.1% to 37.6%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2022
Crommen Armand
Director
since 01-07-2022 6-year term from 2022
listed in the 2025 annual accounts, filed on 30-09-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Crommen Armand
Director
BoardRest of the term
Mandates as a list
  • Crommen Armand
    • Director, from 01-07-2016 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€285,077.55
Shares
5,500
Contribution per share
€51.83
Equity per share
€133 in 2025
Source
deed of 12-12-2023

Articles of association

deed of 12-12-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of June at 20:00

Network & group

No group

ARMACA has no parent and no holdings in its annual accounts. Crommen Armand is the only director. ARMACA shares no director with another company.

Timeline

Timeline

52 events since 1984

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 61 days late
2025
Back to profit net €7,390 The net result is €7,390, after 4 loss-making years.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0425915419
Annual accounts 2024 filed PDFabbreviated format · 60 days late
2024
Annual accounts 2023 filed PDFabbreviated format · 55 days late
2023
Amendment of the articles2 points ▸
  • Capital, €285,077.55, 5,500 shares
  • Registered office clause, Steenhouwerslaan 2A, 9990 Maldegem
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 63 days late
2022
Reappointment: Crommen Armand (director)1 point ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · 26 days late
2021
Annual accounts 2020 filed PDFabbreviated format · 66 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 87 days late
2019
Annual accounts 2018 filed PDFabbreviated format · 51 days late
2018
Back to profit net €13,417 The net result is €13,417, after one loss-making year.
Annual accounts 2017 filed PDFabbreviated format · 57 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 33 days before the deadline
2016
Back to profit net €3,483 The net result is €3,483, after one loss-making year.
Annual accounts 2015 filed PDFabbreviated format · 40 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 21 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 46 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 20 days late
2012
Back to profit net €11,543 The net result is €11,543, after one loss-making year.
Annual accounts 2011 filed PDFabbreviated format · 29 days late
2011
Weakest financial year net -€53,289 The net result drops to -€53,289, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2010 filed PDFabbreviated format · 24 days late
2010
Highest result from 2006 to 2025 net €44,550 ▲1,023% The net result of €44,550 is the highest of those years.
Annual accounts 2009 filed PDFabbreviated format · 13 days late
2009
Annual accounts 2008 filed PDFabbreviated format · 73 days late
2008
Annual accounts 2007 filed PDFabbreviated format · 60 days late
2007
Annual accounts 2006 filed PDFabbreviated format · 27 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1991
Annual accounts 1990 filed PDFabbreviated format
1990
Annual accounts 1989 filed PDFabbreviated format
1989
Annual accounts 1988 filed PDFabbreviated format
1988
Annual accounts 1987 filed PDFabbreviated format
1987
Annual accounts 1986 filed PDFabbreviated format
1986
Annual accounts 1985 filed PDFabbreviated format
1984
Incorporation KBO
First establishment Steenhouwerslaan 2 A, Maldegem

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 27 June 1984, ARMACA was incorporated.1 Total assets went from €1.1m in 2018 to €1.2m in 2025 and headcount from 5.2 to 4 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0425.915.419
VAT number
BE 0425.915.419
Peppol ID
0208:0425915419
Legal form
Public limited company
Status
Active, normal situation
Founded
27-06-1984
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of June at 20:00
deed of 12-12-2023 (in Dutch)
Peppol
Reachable since 16-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ARMACA in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-12-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 12-12-2023 (in Dutch)

Activities

NACEBEL 2025
VAT activities
41001 General construction of residential buildings main activity
Social security (RSZ) activities
41001 General construction of residential buildings main activity
Joint committees annual accounts 2025
JC 124 Construction
Codes under NACEBEL 2008
VAT activities
41201 General construction of buildings main activity
Social security (RSZ) activities
41201 General construction of buildings main activity
Codes under NACEBEL 2003
VAT activities
45211 main activity
Social security (RSZ) activities
45211 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Alle werken in onroerende staat te verrichten, te weten: het bouwen, het verbouwen, het afwerken, het inrichten, het herstellen, het…”
19 activities
  1. Alle werken in onroerende staat te verrichten, te weten: het bouwen, het verbouwen, het afwerken, het inrichten, het herstellen, het onderhouden, het reinigen en het afbreken in het geheel of van bestanddelen of van gedeelten van bestanddelen van een uit zijn aard onroerend goed alsmede alle handelingen die erin bestaan roerende goederen te leveren en ze meteen op zulkdanige wijze aan te brengen aan onroerende goederen dat ze onroerend worden uit hun aard.
  2. De import en export, de aankoop en verkoop, zowel in het groot als in het klein, zowel voor eigen rekening als voor rekening van derden, van alle materialen dienstig voor het bouwen, verbouwen, herstellen, verfraaien, inrichten of afbreken van alle hoegenaamde openbare of private gebouwen.
  3. Gebouwde en ongebouwde onroerende goederen aan te kopen
  4. Gebouwde en ongebouwde onroerende goederen te verkopen
  5. Gebouwde en ongebouwde onroerende goederen te huren
  6. Gebouwde en ongebouwde onroerende goederen te verhuren
  7. Gebouwde en ongebouwde onroerende goederen te ruilen
  8. Gebouwde en ongebouwde onroerende goederen te verkavelen
  9. Het in welkdanige andere wijze in waarde brengen van gronden en gebouwen.
  10. Alle werken in onroerende staat
  11. Aannemer private en openbare werken en materialenhandel
  12. Gebouwde en ongebouwde onroerende goederen
  13. Voor eigen rekening
  14. In consignatie
  15. In commissie
  16. Als tussenpersoon
  17. Als vertegenwoordiger
  18. Voor eigen rekening of voor rekening van derden
  19. Als mandaathouder, agent, makelaar, commissionair of in welke hoedanigheid ook
deed of 12-12-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Steenhouwerslaan 2 A registered office 9990 Maldegem 26-06-1984 2.025.175.403

Buildings and parcels at the address

Ground area
6,097 m²
Buildings
2,517 m²
Volume, LiDAR
15,638 m³
Tallest building
7.4 m
Buildings to scale, each on its own parcel
2,517 m², 7.3 m 2,517 m², 7.3 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
43010C0304/00F0006,097 m² 1 · 2,517 m² 7.3 m · 2

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0425.915.419

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