Summary
ARMANG has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €9.1m and a net result of €676,368. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 489 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
13 d early
2023
29 d late
2022
29 d late
2021
10 d early
2020
45 d early
2019
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by equity in Pittem, Manufacturing sector#5 company by total assets in Pittem, Manufacturing sector
Equity
€9.1m▲ 2.5%
2024 · €8.9m
Total assets
€9.8m▲ 8.0%
2024 · €9.1m
Net result
€676,368▲ 17.7%
2024 · €574,718
Working capital
€2.7m▲ 9.4%
2024 · €2.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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
Line20212022202320242025
Operating result€49,505▼ 0.8%€50,115▲ 1.2%€55,208▲ 10.2%€58,901▲ 6.7%€64,752▲ 9.9%
Net result€308,388above the sector's middle half▼ 53.8%€544,791above the sector's middle half▲ 76.7%€576,683above the sector's middle half▲ 5.9%€574,718above the sector's middle half▼ 0.3%€676,368above the sector's middle half▲ 17.7%
Equity€7.7mabove the sector's middle half▲ 4.2%€8.2mabove the sector's middle half▲ 5.9%€8.8mabove the sector's middle half▲ 7.0%€8.9mabove the sector's middle half▲ 1.2%€9.1mabove the sector's middle half▲ 2.5%
Total assets€7.9mabove the sector's middle half▲ 3.8%€8.3mabove the sector's middle half▲ 5.5%€8.9mabove the sector's middle half▲ 7.2%€9.1mabove the sector's middle half▲ 1.6%€9.8mabove the sector's middle half▲ 8.0%
Debt€138,666▼ 13.4%€115,832▼ 16.5%€147,054▲ 27.0%€186,246▲ 26.7%€690,037▲ 270%
Working capital€1.4mabove the sector's middle half▲ 30.2%€1.8mabove the sector's middle half▲ 34.2%€2.3mabove the sector's middle half▲ 28.9%€2.5mabove the sector's middle half▲ 5.1%€2.7mabove the sector's middle half▲ 9.4%
Solvency98.2%above the sector's middle half▲ 0.3pp98.6%above the sector's middle half▲ 0.4pp98.4%above the sector's middle half▼ 0.3pp97.9%above the sector's middle half▼ 0.4pp92.9%above the sector's middle half▼ 5.0pp
Current ratio10.79above the sector's middle half▲ 3.2116.70above the sector's middle half▲ 5.9116.99above the sector's middle half▲ 0.2814.24above the sector's middle half▼ 2.744.91above the sector's middle half▼ 9.33
Return on assets (ROA)3.9%within the sector's middle half▼ 4.9pp6.6%within the sector's middle half▲ 2.6pp6.5%within the sector's middle half▼ 0.1pp6.3%within the sector's middle half▼ 0.1pp6.9%within the sector's middle half▲ 0.6pp
Staff (FTE)1.8=1.8=1.8=1.8within the sector's middle half=1.8within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.8m
Fixed assets
€6.4m ▼ 0.2%
Current assets
€3.4m ▲ 27.8%
Equity and liabilities €9.8m
Equity
€9.1m ▲ 2.5%
Debt
€690,037 ▲ 270%
Debt's share of the balance-sheet total rises from 2.1% to 7.1%. Equity and debt are higher.
Key figures and ratios
ROE
7.4%▲
2024 · 6.5%
Debt ≤ 1 year
€690,037▲
2024 · €186,096
Income taxes
€89,020▲
2024 · €77,283
Staff costs
€166,977▲
2024 · €160,712
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €131,873 | €137,911 | €158,010 | €160,712 | €166,977 | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,477 | €7,466 | €9,810 | €14,122 | €14,122 | = |
| Other operating charges640/8 | €2,282 | €1,976 | €2,474 | €2,151 | €1,880 | ▼ 12.6% |
| Gross operating margin9900 | €191,137 | €197,467 | €225,502 | €235,885 | €247,730 | ▲ 5.0% |
| Operating profit (loss)9901 | €49,505 | €50,115 | €55,208 | €58,901 | €64,752 | ▲ 9.9% |
| Financial income75/76B | €304,736 | €565,841 | €599,926 | €596,472 | €726,210 | ▲ 21.8% |
| Recurring financial income75 | €304,736 | €565,841 | €599,926 | €596,472 | €726,210 | ▲ 21.8% |
| Financial charges65/66B | €530 | €539 | €706 | €3,372 | €25,575 | ▲ 658% |
| Recurring financial charges65 | €530 | €539 | €706 | €3,372 | €25,575 | ▲ 658% |
| Profit (loss) for the period before taxes9903 | €353,711 | €615,416 | €654,429 | €652,001 | €765,387 | ▲ 17.4% |
| Income taxes67/77 | €45,323 | €70,625 | €77,746 | €77,283 | €89,020 | ▲ 15.2% |
| Profit (loss) for the period9904 | €308,388 | €544,791 | €576,683 | €574,718 | €676,368 | ▲ 17.7% |
| Profit (loss) for the period to be appropriated9905 | €308,388 | €544,791 | €576,683 | €574,718 | €676,368 | ▲ 17.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.9m | €8.3m | €8.9m | €9.1m | €9.8m | ▲ 8.0% |
| Fixed assets21/28 | €6.4m | €6.4m | €6.4m | €6.4m | €6.4m | ▼ 0.2% |
| Tangible fixed assets22/27 | €14,887 | €7,421 | €46,677 | €32,555 | €18,434 | ▼ 43.4% |
| Furniture and vehicles24 | €14,887 | €7,421 | €46,677 | €32,555 | €18,434 | ▼ 43.4% |
| Financial fixed assets28 | €6.4m | €6.4m | €6.4m | €6.4m | €6.4m | = |
| Current assets29/58 | €1.5m | €1.9m | €2.5m | €2.7m | €3.4m | ▲ 27.8% |
| Amounts receivable after more than one year29 | - | €166,236 | €110,772 | €555,308 | €900,000 | ▲ 62.1% |
| Other amounts receivable291 | - | €166,236 | €110,772 | €555,308 | €900,000 | ▲ 62.1% |
| Amounts receivable within one year40/41 | €282,000 | €565,848 | €630,723 | €433,825 | €145,077 | ▼ 66.6% |
| Trade receivables40 | €20,105 | €21,120 | €71,730 | €24,650 | €29,595 | ▲ 20.1% |
| Other amounts receivable41 | €261,895 | €544,728 | €558,993 | €409,175 | €115,482 | ▼ 71.8% |
| Current investments50/53 | €369,188 | €708,618 | €1.2m | €879,290 | €1.2m | ▲ 36.7% |
| Cash at bank and in hand54/58 | €842,409 | €494,020 | €521,072 | €782,200 | €1.1m | ▲ 45.8% |
| Deferred charges and accrued income490/1 | €2 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.9m | €8.3m | €8.9m | €9.1m | €9.8m | ▲ 8.0% |
| Equity10/15 | €7.7m | €8.2m | €8.8m | €8.9m | €9.1m | ▲ 2.5% |
| Contributions10/11 | €5.2m | €5.2m | €5.2m | €5.2m | €5.2m | = |
| Reserves13 | €2.0m | €2.5m | €3.0m | €3.1m | €3.3m | ▲ 7.0% |
| Non-distributable reserves130/1 | €54,202 | €54,202 | €0 | - | - | - |
| Reserves not available under the articles1311 | €54,202 | €54,202 | €0 | - | - | - |
| Distributable reserves133 | €1.9m | €2.4m | €3.0m | €3.1m | €3.3m | ▲ 7.0% |
| Profit (loss) carried forward14 | €511,525 | €511,566 | €511,599 | €511,617 | €511,635 | = |
| Amounts payable17/49 | €138,666 | €115,832 | €147,054 | €186,246 | €690,037 | ▲ 270% |
| Amounts payable within one year42/48 | €138,400 | €115,832 | €146,634 | €186,096 | €690,037 | ▲ 271% |
| Current portion of amounts payable after more than one year42 | €1,889 | €0 | - | - | - | - |
| Trade debts44 | €89,518 | €48,946 | €70,948 | €18,655 | €59,833 | ▲ 221% |
| Suppliers440/4 | €89,518 | €48,946 | €70,948 | €18,655 | €59,833 | ▲ 221% |
| Taxes, remuneration and social security45 | €46,542 | €66,210 | €68,735 | €57,024 | €61,582 | ▲ 8.0% |
| Taxes450/3 | €30,370 | €49,337 | €49,997 | €37,851 | €41,702 | ▲ 10.2% |
| Remuneration and social security454/9 | €16,172 | €16,873 | €18,738 | €19,173 | €19,880 | ▲ 3.7% |
| Other amounts payable47/48 | €451 | €677 | €6,951 | €110,417 | €568,621 | ▲ 415% |
| Accrued charges and deferred income492/3 | €266 | €0 | €420 | €150 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €308,388 | €544,791 | €576,683 | €574,718 | €676,368 | ▲ 17.7% |
| + Depreciation and write-downs630 | €7,477 | €7,466 | €9,810 | €14,122 | €14,122 | = |
| Operating cash flow (approximation) | €315,865 | €552,257 | €586,493 | €588,839 | €690,489 | ▲ 17.3% |
| Investment in fixed assets (approximation) | - | -€0 | -€55,571 | €0 | €0 | - |
| Change in cash | - | -€348,389 | €27,052 | €261,128 | €358,358 | ▲ 37.2% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €676,368 ▲17.7%
Operating result €64,752, net result €676,368, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €308,388 ▼53.8%
Net result drops to €308,388, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 8current ratio 5.41
Current ratio from 0.67 to 5.41; short-term debt falls from €197,342 to €85,537.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Pittem · 1 establishment unit since 2013
Ground area
1.2 ha
Building footprint
3,808 m²
Volume, LiDAR
27,647 m³
Parcel 37011A1424/00G000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Armang BVBA
since 20132.216.127.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011A1424/00G000 | Flanders | 1.2 ha | 1 · 3,808 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
100%
-
100%
According to the 2025 annual accounts of ARMANG and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 161 EUR awarded · 161 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 161 EUR | 161 EUR |
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 135 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
Founded28-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
64210Activities of holding companies
46644Wholesale trade
46649Wholesale of other machinery and equipment
70200Business and other management consultancy
91420Libraries, archives, museums and other cultural activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502552743
Also
9925:BE0502552743
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.