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Complete company report
Generated 09-08-2026
Active BE 0479.392.806Private limited company

ARMAN BO1

Korte Zoutstraat 45 ·9300 Aalst, Belgium· 23 yrs active
Sector: Real estate activities (68310)
Conclusion Checked

The computed 12-month bankruptcy probability of ARMAN BO1 is 0.2% (very low). The 2025 annual accounts show equity of €8.48M and a net result of €-480k. Equity is growing by ~56% per year across the filed fiscal years. Its solvency ranks better than 88% of 528 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €8.48M
Net result €-480k
Better than sector 88%
Active 23 yrs
Snowflake analysis 5 axes · computed by Checked
Health35Profitability0Solvency67Growth48Stability100
50 / 100

Mixed profile: strong on stability, weaker on profitability.

Health 35
Profitability 0
Solvency 67
Growth 48
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 2003, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
35 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 09-01-2026 with the NBB · fiscal year 2025 · verkort
€-500k€-250k€0€250k€500kRevenue 2020: €504k€504kOperating result 2020: €456k€456kNet result 2020: €-392k€-392kOperating result 2021: €25k€25kNet result 2021: €-2k€-2kOperating result 2023: €167k€167kNet result 2023: €104k€104kOperating result 2024: €-148k€-148kNet result 2024: €-261k€-261kOperating result 2025: €-399k€-399kNet result 2025: €-480k€-480k20202021202320242025
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~56%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€20.00M€40.00M€60.00M2026: €21.79M (€20.48M - €23.09M)2027: €33.98M (€31.89M - €36.07M)2028: €52.99M (€50.12M - €55.87M)2018: €378k2019: €246k2020: €3.04M2021: €3.04M2023: €8.11M2024: €8.96M2025: €8.48M2018201920202021202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

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).

Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 79.1% 16.2%
better than 88% of 528 sector peers
Net result €-480k €6k
better than 5% of 528 sector peers
Equity €8.48M €152k
better than 95% of 528 sector peers
Gross operating margin €224k €78k
better than 70% of 527 sector peers
Total assets €10.72M €1.34M
better than 87% of 528 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€504k
+2.5% 18-25
EBITDA
€182k
-52.7% far above sector median
Net profit
€-480k
-83.7% far below sector median
Cash flow
€101k
-63.0% far above sector median
Total assets
€10.72M
-6.0% far above sector median
Equity
€8.48M
-5.4% far above sector median
Working capital
€-574k
-1.2% far below sector median
Income taxes
€0
- -100% vs sector
Debt
€2.16M
-8.6% far above sector median
Debt ≤ 1y
€1.04M
-22.4% far above sector median
Debt > 1y
€976k
+8.2% far above sector median
Current ratio
0.45
-22.4% -81% vs sector
Quick ratio
0.45
-22.4% -81% vs sector
Solvency
79.1%
+0.7% +135% vs sector
Debt / equity
0.26
-3.4% -87% vs sector
ROE
-5.7%
-94.1% far below sector median
ROA
-4.5%
-95.5% far below sector median
Net margin
-77.7%
+18.1% 18-25
EBITDA margin
148.2%
+165.8% 18-25
Interest coverage
2.11
-35.7% -90% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€182k
Net profit€-480k
Cash flow€101k
Staff costs-
Income taxes-
Dividends-
Total assets€10.72M
Equity€8.48M
Debt€2.16M
of which ≤ 1y€1.04M
of which > 1y€976k
Working capital€-574k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.45
Quick ratio0.45
Working capital ratio-5.4%
Solvency79.1%
Debt / equity0.26
Long-term debt ratio0.12
Interest coverage2.11
Gross margin-
Net margin-
ROA-4.5%
ROE-5.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€10.72M
Fixed assets 21/28€10.25M
Tangible fixed assets 22/27€10.25M
Current assets 29/58€464k
Amounts receivable within one year 40/41€460k
Cash & bank 54/58€169
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€10.72M
Equity 10/15€8.48M
Contributions / capital 10/11€700k
Reserves 13€716k
Accumulated profits (losses) 14€-988k
Provisions & deferred taxes 16€77k
Amounts payable 17/49€2.16M
Amounts payable after one year 17€976k
Amounts payable within one year 42/48€1.04M
Trade debts payable within one year 44€35k
Income statement
Gross operating margin 9900€224k
Operating result 9901€-399k
Financial income 75€0
Financial charges 65€86k
Result before taxes 9903€-485k
Net result for the period 9904€-480k
Result to be appropriated 9905€-465k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Real estate activities(68310)
Legal form Private limited company(610)
Incorporation27-01-2003
StatusActive
Postal code9300
Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41002A1917/00_000
ProtectedTownscape or village viewKeizersplein met aanpalende bebouwingSource ↗
 Flanders 118 m² 1 · 82 m² 14.0 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 24 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
09-01-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
11-02-2025
State Gazette act Director changes
v3.2
2024
24-12-2024
NBB filing Annual accounts filed
fiscal year 2024 · verkort
19-03-2024
State Gazette act Director changes
v3.2
2023
18-12-2023
NBB filing Annual accounts filed
fiscal year 2023 · verkort
04-04-2023
State Gazette act Statutes amendment
v3.2
24-01-2023
State Gazette act Statutes amendment
v3.2
2022
01-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
01-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
23-09-2020
State Gazette act Statutes amendment
v3.2
16-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
21-01-2020
State Gazette act Director changes
v3.2
20-01-2020
State Gazette act Director changes
v3.2
2019
11-12-2019
State Gazette act Director changes
v3.2
29-05-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
18-03-2019
State Gazette act Director changes
v3.2
2018
05-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
22-11-2017
State Gazette act Director changes
v3.2
31-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
28-03-2017
State Gazette act Director changes
v3.2
2016
07-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
16-02-2016
State Gazette act Director changes
v3.2
2015
30-12-2015
State Gazette act Director changes
v3.2
02-02-2015
State Gazette act Statutes amendment
v3.2
Belgisch Staatsblad, acts 14 acts
All acts · 14 updated 1 year ago
2025
11-02-2025 1 director appointed, 1 resigning Director changes
  • BV INTERSOUND, Niet statutaire bestuurder
  • Kris Gryspeert, Niet statutaire bestuurder
Summary: v3.2
Technical details 
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2024
19-03-2024 2 directors appointed, 1 resigning Director changes
  • NV Waterloo Investments, Bestuurder
  • Katleen Van Den Broeck, Vaste vertegenwoordiger
  • Roelandt Dominic, Vaste vertegenwoordiger
Summary: v3.2
Technical details 
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      "role": "vaste vertegenwoordiger",
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        "rrn": null,
        "name": "Roelandt Dominic",
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    {
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      "role": "vaste vertegenwoordiger",
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        "name": "Katleen Van Den Broeck",
        "address": null,
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2023
04-04-2023 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
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24-01-2023 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
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2020
23-09-2020 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
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21-01-2020 Change in the board of directors Director changes
Summary: v3.2
Technical details 
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20-01-2020 2 directors appointed, 4 resigning Director changes
  • Build 4 U NV, Bestuurder
  • K-Invest BVBA, Bestuurder
  • Richard Lowes, Bestuurder
  • Derek Heathwood, Bestuurder
  • Morgan Jones, Bestuurder
  • Janine McDonald, Bestuurder
Summary: v3.2
Technical details 
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    },
    {
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      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Derek Heathwood",
        "address": null,
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    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Morgan Jones",
        "address": null,
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    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Janine McDonald",
        "address": null,
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    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Build 4 U NV",
        "address": null,
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      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "K-Invest BVBA",
        "address": null,
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2019
11-12-2019 Ben Vandeweyer appointed as statutory auditor Director changes
  • Ben Vandeweyer, Commissaris
Summary: v3.2
Technical details 
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      "role": "commissaris",
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        "name": "Ben Vandeweyer",
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  "schema": "v3.2",
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18-03-2019 3 directors appointed Director changes
  • Morgan Jones, Zaakvoerder
  • Richard Lowes, Zaakvoerder
  • Janine Anne Mc Donald, Zaakvoerder
Summary: v3.2
Technical details 
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      "kind": "director_in",
      "role": "zaakvoerder",
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        "name": "Richard Lowes",
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        "name": "Janine Anne Mc Donald",
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  "subject_company": {
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  }
}
2017
22-11-2017 1 director appointed, 1 resigning Director changes
  • Derek Kevin Heathwood, Zaakvoerder
  • Paul Rodger, Zaakvoerder
Summary: v3.2
Technical details 
{
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    },
    {
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      "person": {
        "rrn": null,
        "name": "Derek Kevin Heathwood",
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  "schema": "v3.2",
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  "subject_company": {
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28-03-2017 2 directors appointed, 2 resigning Director changes
  • Youri Van Der Zwalmen, Gevolmachtigde
  • Siham Rahmuni, Gevolmachtigde
  • Sonny Catelin, Gevolmachtigde
  • Stefanie Smits, Gevolmachtigde
Summary: v3.2
Technical details 
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  }
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2016
16-02-2016 Kathleen De Brabander appointed as statutory auditor Director changes
  • Kathleen De Brabander, Commissaris
Summary: v3.2
Technical details 
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2015
30-12-2015 1 director appointed, 1 resigning Director changes
  • Paul Rodger, Zaakvoerder
  • Derek Heathwood, Zaakvoerder
Summary: v3.2
Technical details 
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      }
    },
    {
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      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "Paul Rodger",
        "address": null,
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  "schema": "v3.2",
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  "subject_company": {
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02-02-2015 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

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Company registry (CBE) Crossroads Bank
Activities
Bemiddeling in verband met exploitatie van en handel in onroerend goed68310Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis68311Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed70311
Primary activity highlighted.
Names & trade names
Legal nameNL ARMAN BO1
Registered office
Korte Zoutstraat 45
9300 Aalst, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same NACE
IMMO CHABEAU BE 0428.550.156 · Elsene
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative