ARMAGIL
ActiveSummary
ARMAGIL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €468k and a net result of €255k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 1747 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-1
Solvency53▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.25 in 2024; short-term debt: 69.1% and cash: 9.8% of total assets), and 71.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
28.2%
Return on assets
15.4%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €468k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
47 d early
2022
11 d early
2021
27 d early
2020
44 d early
2019
51 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€468k▲ 120%
2024 · €212k
2019: €98k
2020: €111k▲ +13.8% vs 2019
2021: €-13k▼ -111% vs 2020
2022: €-137k▼ -977% vs 2021lowest in 7 years
2023: €71k▲ +152% vs 2022
2024: €212k▲ +199% vs 2023
2025: €468k▲ +120% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.66M▲ 93.2%
2024 · €857k
2019: €495klowest in 7 years
2020: €778k▲ +57.4% vs 2019
2021: €704k▼ -9.5% vs 2020
2022: €702k▼ -0.3% vs 2021
2023: €775k▲ +10.5% vs 2022
2024: €857k▲ +10.5% vs 2023
2025: €1.66M▲ +93.2% vs 2024highest in 7 years
2019 → 2025
Net result
€255k▲ 80.8%
2024 · €141k
2019: €4k
2020: €13k▲ +240% vs 2019
2021: €-124k▼ -1019% vs 2020
2022: €-125k▼ -0.6% vs 2021lowest in 7 years
2023: €208k▲ +267% vs 2022
2024: €141k▼ -32.2% vs 2023
2025: €255k▲ +80.8% vs 2024highest in 7 years
2019 → 2025
Working capital
€399k▲ 165%
2024 · €150k
2019: €80k
2020: €59k▼ -25.6% vs 2019
2021: €-66k▼ -211% vs 2020
2022: €-195k▼ -196% vs 2021lowest in 7 years
2023: €22k▲ +111% vs 2022
2024: €150k▲ +586% vs 2023
2025: €399k▲ +165% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-13k-€-137k▼ 977%€71k€212k▲ 199%€468k▲ 120%
2021: €-13k
2022: €-137k▼ -977% vs 2021lowest in 5 years
2023: €71k▲ +152% vs 2022
2024: €212k▲ +199% vs 2023
2025: €468k▲ +120% vs 2024highest in 5 years
Operating result€-119k-€-119k▲ 0.2%€215k€183k▼ 15.0%€341k▲ 86.7%
2021: €-119klowest in 5 years
2022: €-119k▲ +0.2% vs 2021
2023: €215k▲ +280% vs 2022
2024: €183k▼ -15.0% vs 2023
2025: €341k▲ +86.7% vs 2024highest in 5 years
Net result€-124k-€-125k▼ 0.6%€208k€141k▼ 32.2%€255k▲ 80.8%
2021: €-124k
2022: €-125k▼ -0.6% vs 2021lowest in 5 years
2023: €208k▲ +267% vs 2022
2024: €141k▼ -32.2% vs 2023
2025: €255k▲ +80.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 87% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.66M
Fixed assets
€113k ▲ 20.1%
Current assets
€1.54M ▲ 102%
Equity and liabilities €1.66M
Equity
€468k ▲ 120%
Debt
€1.19M ▲ 84.3%
Debt's share of the balance-sheet total falls from 75.2% to 71.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€370k▲
2024 · €207k
Cash flow
€284k▲
2024 · €166k
Current ratio
1.35▲
2024 · 1.25
Quick ratio
0.54▲
2024 · 0.16
Debt to equity
2.54▼
2024 · 3.04
ROE
54.6%▼
2024 · 66.5%
ROA
15.4%▼
2024 · 16.5%
Interest coverage
159.76▲
2024 · 25.09
Debt ≤ 1 year
€1.14M▲
2024 · €612k
Debt > 1 year
€44k▲
2024 · €32k
Income taxes
€85k▲
2024 · €33k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€857k€1.66M▲
Fixed assets21/28€94k€113k▲
Tangible fixed assets22/27€94k€113k▲
Land and buildings22€55k€44k▼
Plant, machinery and equipment23€33k€28k▼
Furniture and vehicles24€6k€10k▲
Leasing and similar rights25-€32k
Financial fixed assets28€150€150=
Current assets29/58€762k€1.54M▲
Stocks and contracts in progress3€666k€921k▲
Stocks30/36€666k€921k▲
Amounts receivable within one year40/41€41k€453k▲
Trade receivables40-€441k
Other amounts receivable41€41k€12k▼
Current investments50/53-€1k
Cash at bank and in hand54/58€55k€162k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€857k€1.66M▲
Equity10/15€212k€468k▲
Contributions10/11€19k€19k=
Reserves13€60k€60k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€58k€58k=
Profit (loss) carried forward14€134k€389k▲
Amounts payable17/49€644k€1.19M▲
Amounts payable after more than one year17€32k€44k▲
Financial debts170/4€32k€44k▲
Amounts payable within one year42/48€612k€1.14M▲
Current portion of amounts payable after more than one year42€13k€21k▲
Trade debts44€590k€1.11M▲
Suppliers440/4€590k€1.11M▲
Taxes, remuneration and social security45-€235
Taxes450/3-€235
Other amounts payable47/48€9k€9k▼
Accrued charges and deferred income492/3-€711
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€29k▲
Other operating charges640/8-€3k
Gross operating margin9900€207k€372k▲
Operating profit (loss)9901€183k€341k▲
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€8k€2k▼
Recurring financial charges65€8k€2k▼
Profit (loss) for the period before taxes9903€174k€340k▲
Income taxes67/77€33k€85k▲
Profit (loss) for the period9904€141k€255k▲
Profit (loss) for the period to be appropriated9905€141k€255k▲
Appropriation of the result
Profit (loss) to be appropriated9906€134k€389k▲
Profit (loss) brought forward from the previous period14P€-7k€134k▲
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €26k | €27k | €25k | €29k | ▲ 15.3% |
| Other operating charges640/8 | - | - | - | - | €3k | - |
| Gross operating margin9900 | €-86k | €-93k | €242k | €207k | €372k | ▲ 79.5% |
| Operating profit (loss)9901 | €-119k | €-119k | €215k | €183k | €341k | ▲ 86.7% |
| Financial income75/76B | - | €3 | - | - | €2k | - |
| Recurring financial income75 | €30 | €3 | - | - | €2k | - |
| Financial charges65/66B | - | €5k | €7k | €8k | €2k | ▼ 72.0% |
| Recurring financial charges65 | €4k | €5k | €7k | €8k | €2k | ▼ 72.0% |
| Profit (loss) for the period before taxes9903 | €-124k | €-125k | €208k | €174k | €340k | ▲ 95.3% |
| Income taxes67/77 | €1 | - | - | €33k | €85k | ▲ 157% |
| Profit (loss) for the period9904 | €-124k | €-125k | €208k | €141k | €255k | ▲ 80.8% |
| Profit (loss) for the period to be appropriated9905 | €-124k | €-125k | €208k | €141k | €255k | ▲ 80.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €704k | €702k | €775k | €857k | €1.66M | ▲ 93.2% |
| Fixed assets21/28 | €130k | €116k | €95k | €94k | €113k | ▲ 20.1% |
| Tangible fixed assets22/27 | €130k | €116k | €94k | €94k | €113k | ▲ 20.1% |
| Land and buildings22 | - | €70k | €60k | €55k | €44k | ▼ 20.6% |
| Plant, machinery and equipment23 | - | €41k | €30k | €33k | €28k | ▼ 17.0% |
| Furniture and vehicles24 | - | €5k | €4k | €6k | €10k | ▲ 74.6% |
| Leasing and similar rights25 | - | - | - | - | €32k | - |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €574k | €586k | €681k | €762k | €1.54M | ▲ 102% |
| Stocks and contracts in progress3 | €310k | €453k | €552k | €666k | €921k | ▲ 38.2% |
| Stocks30/36 | - | €453k | €552k | €666k | €921k | ▲ 38.2% |
| Amounts receivable within one year40/41 | €250k | €85k | €1k | €41k | €453k | ▲ 996% |
| Trade receivables40 | - | €75k | - | - | €441k | - |
| Other amounts receivable41 | - | €10k | €1k | €41k | €12k | ▼ 70.1% |
| Current investments50/53 | - | - | - | - | €1k | - |
| Cash at bank and in hand54/58 | €15k | €48k | €127k | €55k | €162k | ▲ 197% |
| Deferred charges and accrued income490/1 | - | - | - | - | €4k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €704k | €702k | €775k | €857k | €1.66M | ▲ 93.2% |
| Equity10/15 | €-13k | €-137k | €71k | €212k | €468k | ▲ 120% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €60k | €60k | €60k | €60k | €60k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €58k | €58k | €58k | €58k | = |
| Profit (loss) carried forward14 | €-91k | €-216k | €-7k | €134k | €389k | ▲ 191% |
| Amounts payable17/49 | €717k | €839k | €704k | €644k | €1.19M | ▲ 84.3% |
| Amounts payable after more than one year17 | €77k | €59k | €45k | €32k | €44k | ▲ 34.1% |
| Financial debts170/4 | - | €59k | €45k | €32k | €44k | ▲ 34.1% |
| Amounts payable within one year42/48 | €640k | €781k | €659k | €612k | €1.14M | ▲ 86.9% |
| Current portion of amounts payable after more than one year42 | - | €319k | €188k | €13k | €21k | ▲ 61.7% |
| Trade debts44 | €309k | €314k | €457k | €590k | €1.11M | ▲ 88.7% |
| Suppliers440/4 | - | €314k | €457k | €590k | €1.11M | ▲ 88.7% |
| Taxes, remuneration and social security45 | - | - | €6k | - | €235 | - |
| Taxes450/3 | - | - | €6k | - | €235 | - |
| Other amounts payable47/48 | - | €148k | €7k | €9k | €9k | ▼ 3.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €711 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-124k | €-125k | €208k | €141k | €255k | ▲ 80.8% |
| + Depreciation and write-downs630 | €33k | €26k | €27k | €25k | €29k | ▲ 15.3% |
| Operating cash flow (approximation) | €-90k | €-98k | €235k | €166k | €284k | ▲ 71.0% |
| Investment in fixed assets (approximation) | - | €-12k | €-5k | €-25k | €-48k | ▼ 93.7% |
| Change in cash | - | €33k | €79k | €-73k | €107k | ▲ 248% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €255k ▲80.8%
Operating result €341k, net result €255k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €200kEq €212k ▲199%
2 profitable years in a row build equity to €212k.
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Back to profitnet €208k
Net result €208k after 2 loss-making years.
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €-125k
Net result drops to €-125k, the lowest in the series; recovery starts the following year.
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Equity above €100kEq €111k ▲13.8%
2 profitable years in a row build equity to €111k.
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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
Registered office, Alveringem · 1 establishment unit since 2009
Ground area
2.4 ha
Building footprint
402 m²
Volume, LiDAR
2,199 m³
2 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ARMAGIL
since 20092.175.228.463
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38013B0621/00A000 | Flanders | 1.9 ha | 1 · 162 m² | 10.6 m · 2 fl. |
| 32472D0471/00K000 | Flanders | 5,134 m² | 1 · 240 m² | 7.4 m · 1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,482 EUR awarded · 1,482 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,482 EUR | 1,482 EUR |
Schemes
Subsidie in het kader van land- en tuinbouwbeleid
Recognitions · licences · registrations
Food safety, FASFC
1 siteDiksmuide2.175.228.463
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BE 0480.087.048
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DE VLIEKAERT
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HEGDES
BE 0794.238.275
Geraardsbergen · Eq €485k
Of 587 companies in sector 01462 we hold annual accounts for 213. 186 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
Founded12-12-2008
Fiscal year end30-06
Activities, NACEBEL 2025
01462Crop and animal production, hunting and related service activities
01110Growing of cereals (except rice), leguminous crops and oil seeds
01610Support activities for crop production
Scores and ratios are computed by Checked and are not a credit decision.