ARMANG
ActiveARMANG has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.09M and a net result of €676k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 474 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▲+5
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850k at 30 days acceptable
Liquidity ample (current ratio 4.91 against 14.24 in 2024), and 7.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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
92.9%
Return on assets
6.9%
Age of the figures
8 mo
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
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 →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€9.09M▲ 2.5%
2024 · €8.87M
2018: €6.31M
2019: €6.76M
2020: €7.43M
2021: €7.74M
2022: €8.20M
2023: €8.77M
2024: €8.87M
2018 → 2025
Total assets
€9.78M▲ 8.0%
2024 · €9.06M
2018: €6.50M
2019: €6.86M
2020: €7.59M
2021: €7.88M
2022: €8.31M
2023: €8.91M
2024: €9.06M
2018 → 2025
Net result
€676k▲ 17.7%
2024 · €575k
2018: €463k
2019: €458k
2020: €668k
2021: €308k
2022: €545k
2023: €577k
2024: €575k
2018 → 2025
Working capital
€2.70M▲ 9.4%
2024 · €2.46M
2018: €-66k
2019: €377k
2020: €1.04M
2021: €1.36M
2022: €1.82M
2023: €2.34M
2024: €2.46M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7.74M-€8.20M▲ 5.9%€8.77M▲ 7.0%€8.87M▲ 1.2%€9.09M▲ 2.5%
Operating result€50k-€50k▲ 1.2%€55k▲ 10.2%€59k▲ 6.7%€65k▲ 9.9%
Net result€308k-€545k▲ 76.7%€577k▲ 5.9%€575k▼ 0.3%€676k▲ 17.7%
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 year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.78M
Fixed assets
€6.39M▼ 0.2%
Current assets
€3.39M▲ 27.8%
Equity and liabilities €9.78M
Equity
€9.09M▲ 2.5%
Debt
€690k▲ 270%
The debt ratio rises from 2.1% to 7.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€79k▲
2024 · €73k
Cash flow
€690k▲
2024 · €589k
Solvency
92.9%▼
2024 · 97.9%
Current ratio
4.91▼
2024 · 14.24
Quick ratio
4.91▼
2024 · 14.24
Debt / equity
0.08▲
2024 · 0.02
ROE
7.4%▲
2024 · 6.5%
ROA
6.9%▲
2024 · 6.3%
Interest coverage
3.08▼
2024 · 21.66
Debt
€690k▲
2024 · €186k
Debt ≤ 1 year
€690k▲
2024 · €186k
Income taxes
€89k▲
2024 · €77k
Staff costs
€167k▲
2024 · €161k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9.06M€9.78M▲
Fixed assets21/28€6.41M€6.39M▼
Tangible fixed assets22/27€33k€18k▼
Furniture and vehicles24€33k€18k▼
Financial fixed assets28€6.38M€6.38M=
Current assets29/58€2.65M€3.39M▲
Amounts receivable after more than one year29€555k€900k▲
Other amounts receivable291€555k€900k▲
Amounts receivable within one year40/41€434k€145k▼
Trade receivables40€25k€30k▲
Other amounts receivable41€409k€115k▼
Current investments50/53€879k€1.20M▲
Cash at bank and in hand54/58€782k€1.14M▲
Equity and liabilities
Total equity and liabilities10/49€9.06M€9.78M▲
Equity10/15€8.87M€9.09M▲
Contributions10/11€5.23M€5.23M=
Reserves13€3.13M€3.35M▲
Distributable reserves133€3.13M€3.35M▲
Profit (loss) carried forward14€512k€512k=
Amounts payable17/49€186k€690k▲
Amounts payable within one year42/48€186k€690k▲
Trade debts44€19k€60k▲
Suppliers440/4€19k€60k▲
Taxes, remuneration and social security45€57k€62k▲
Taxes450/3€38k€42k▲
Remuneration and social security454/9€19k€20k▲
Other amounts payable47/48€110k€569k▲
Accrued charges and deferred income492/3€150€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€161k€167k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Other operating charges640/8€2k€2k▼
Gross operating margin9900€236k€248k▲
Operating profit (loss)9901€59k€65k▲
Financial income75/76B€596k€726k▲
Recurring financial income75€596k€726k▲
Financial charges65/66B€3k€26k▲
Recurring financial charges65€3k€26k▲
Profit (loss) for the period before taxes9903€652k€765k▲
Income taxes67/77€77k€89k▲
Profit (loss) for the period9904€575k€676k▲
Profit (loss) for the period to be appropriated9905€575k€676k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.09M€1.19M▲
Profit (loss) brought forward from the previous period14P€512k€512k=
Transfer from equity791/2€468k€458k▼
Transfer to equity691/2€575k€676k▲
To other reserves6921€575k€676k▲
Profit to be distributed694/7€468k€458k▼
Return on contributions (dividend)694€468k€458k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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 €676k ▲17.7%
Operating result €65k, net result €676k, 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 €308k ▼53.8%
Net result drops to €308k, 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 €197k to €86k.
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.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Posterijlaan 538740 PittemGround 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.
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
Methodology
via registered seat: 1
1 of 1 parcel 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 · 161 EUR awarded · 161 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 161 EUR | 161 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,705 companies in sector 33120 we hold annual accounts for 1,335. 135 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2012
Fiscal year end31-12
Activities, NACEBEL
33120Repair and maintenance of machinery
64200Holdings
64210Activities of holding companies
46644Wholesale trade
46649Wholesale of other machinery and equipment
70200Business and other management consultancy
70220Business consulting
91042Libraries, archives, museums and other cultural activities
91420Libraries, archives, museums and other cultural activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.