Armacon
The computed 12-month bankruptcy probability of Armacon is 2.1% (moderate). The 2024 annual accounts show equity of €38k and a net result of €94k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 32% of 984 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €38k |
| Net result | €94k |
| Better than sector | 32% |
| Active | 7 yrs |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 20.2% | 35.4% | |
| Net result | €94k | €30k | |
| Equity | €38k | €118k | |
| Gross operating margin | €100k | €172k | |
| Total assets | €188k | €517k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €97k |
| Net profit | €94k |
| Cash flow | €96k |
| Staff costs | - |
| Income taxes | €1k |
| Dividends | - |
| Total assets | €188k |
| Equity | €38k |
| Debt | €150k |
| of which ≤ 1y | €150k |
| of which > 1y | - |
| Working capital | €18k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 1.12 |
| Quick ratio | 1.12 |
| Working capital ratio | 9.6% |
| Solvency | 20.2% |
| Debt / equity | 3.94 |
| Long-term debt ratio | - |
| Interest coverage | 85.56 |
| Gross margin | - |
| Net margin | - |
| ROA | 50.1% |
| ROE | 247.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €188k |
| Fixed assets | 21/28 | €20k |
| Tangible fixed assets | 22/27 | €19k |
| Financial fixed assets | 28 | €1k |
| Current assets | 29/58 | €168k |
| Amounts receivable within one year | 40/41 | €150k |
| Cash & bank | 54/58 | €18k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €188k |
| Equity | 10/15 | €38k |
| Contributions / capital | 10/11 | €2k |
| Reserves | 13 | €37k |
| Amounts payable | 17/49 | €150k |
| Amounts payable within one year | 42/48 | €150k |
| Trade debts payable within one year | 44 | €58k |
| Income statement | ||
| Gross operating margin | 9900 | €100k |
| Operating result | 9901 | €94k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €96k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €94k |
| Result to be appropriated | 9905 | €94k |
-
Current01-12-2025 → present
-
Current26-12-2022 → present
Former directors (1)
-
Former- → 26-12-2022
| NACE primary | Specialised construction(43910) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 30-11-2018 |
| Status | Active |
| Postal code | 9990 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010C0273/00D000 | Flanders | 7,759 m² | 1 · 3,227 m² | 9.1 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
12-01-2026 Lindsey Ardeel appointed as director
- Lindsey Ardeel, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Lindsey Ardeel",
"address": null,
"birth_date": null
},
"effective_date": "2025-12-01",
"evidence_quote": "Met algemeenheid van stemmen wordt mevrouw Lindsey Ardeel benoemd tot bestuurder en dit vanaf 01/12/2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0714.981.159",
"name_full": "ARMACON",
"legal_form": "BVBA"
}
}07-05-2024 Registered office moved from Aalter to Maldegem
- Lostraat 16, 9880 Aalter → Krommewege 24, 9990 Maldegem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Maldegem",
"region": "Vlaams Gewest",
"street": "Krommewege",
"country": "BE",
"postcode": "9990",
"box_number": "2.1",
"street_number": "24"
},
"old_address": {
"city": "Aalter",
"region": "Vlaams Gewest",
"street": "Lostraat",
"country": "BE",
"postcode": "9880",
"box_number": null,
"street_number": "16"
},
"effective_date": "2024-02-01",
"evidence_quote": "Met algemeenheid van stemmen wordt het adres van de maatschappelijke zetel verplaatst van 9880 Aalter, Lostraat 16 naar 9990 Maldegem, Krommewege 24B 2.1 en d\u00EDt vanaf 01/02/2024"
}
],
"schema": "v3.2",
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"subject_company": {
"kbo": "0714.981.159",
"name_full": "ARMACON",
"legal_form": "BVBA"
}
}23-02-2023 1 director appointed, 1 resigning
- Ardeel Mario, Bestuurder
- Ardeel Mario, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Ardeel Mario",
"address": null,
"birth_date": null
},
"effective_date": "2022-12-26",
"evidence_quote": "Met algemeenheid van stemmen wordt het ontslag aanvaard van Ardeel Mario als bestuurder, evenals kwijting en d\u00E9charge verleend voor de geleverde daden van bestuur. Het ontslag gaat in vanaf 26/12/2022.",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Ardeel Mario",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0795392971",
"name": "Linsco",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2022-12-26",
"evidence_quote": "Met algemeenheid van stemmen wordt Linsco (O.N. 0795.392.971) benoemd tot bestuurder met De Heer Ardeel Mario als vast vertegenwoordiger. Het mandaat gaat in vanaf 26/12/2022."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0714.981.159",
"name_full": "ARMACON",
"legal_form": "BVBA"
}
}04-12-2018 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "9880 Aalter, Lostraat 16",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1973-05-19",
"name": "ARDEEL Mario",
"niss": null,
"address": "9880 Aalter, Dammeers 51"
},
"share_class": "naam",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 1500,
"holder_person_name": "ARDEEL Mario",
"is_subscriber_only": false,
"n_shares_subscribed": 186,
"amount_subscribed_eur": 1500,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "MELSENS Bernadette",
"niss": null,
"address": "Moerkerksesteenweg 199 te 8310 SINT-KRUIS"
},
"share_class": "A",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 18550,
"holder_person_name": "MELSENS Bernadette",
"is_subscriber_only": false,
"n_shares_subscribed": 18550,
"amount_subscribed_eur": 18550,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 1500,
"subject_company": {
"kbo": "0714.981.159",
"name_full": "Armacon",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2018-11-29",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Armacon |