Equity
€717,317 ▲ 9.1%
ARMATIS has made a profit in every financial year since 2022.
ARMATIS
Lifetime
4 annual accounts with figures on one time axispeak €984,025 (2025)
€984,025▲ 36.8%
peak €445,432 (2024)
€59,785▼ 86.6%
peak €717,317 (2025)
€717,317▲ 9.1%
€743,435▼ 60.0%
peak 15.5 FTE (2025)
15.5 FTE▲ 16×
Board3 names since 2021
1 directorVIGI Partners BV
Documentsfilings and deeds
08-06-202653 days before the deadline
2025abbreviated format
Gross margin from €719,285 to €984,025Result from €445,432 to €59,785Staff from 1 FTE to 15.5 FTE1 director appointed, 2 resignations 30-07Debts from €1.9m to €743,435Cash from €722,427 to €432,949
Key points
from the 2025 annual accountsResult
€59,785 ▼ 86.6%
The result fell in 2025 from €445,432 to €59,785.
Turnover
≈ €2.7m estimated
The abbreviated format states no turnover.
Liquidity
2.07 was 1.55 in 2024
Short-term debts fell from €1.5m to €636,626.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 6 to 53 days before the end of the period.
Position in the sector
€984,025
Higher gross margin than 86% of companies in specialised construction. Sector median €243,339 · 9,956 companies.
Checked score
89
Excellent
Financially stronger than 65% of small companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.6%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%▲ +0.1 percentage points vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.4%▼ -0.4 percentage points vs 07-2025
09-2025: 0.3%▼ -0.1 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%▼ -0.2 percentage points vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2021
lowers risk
Liquidity: current ratio 2.07, cash €432,949
Equity €717,317 (49.1% of total assets)
Figures for financial year 2025 (filed on 08-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 66% of them on solvency, 82% on liquidity, 54% on profitability and 60% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 501 companies had the same profile as ARMATIS has now. Each dot stands for 2 companies, two years later.
96.2%
were still trading
3.0%
stopped another way
0.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARMATIS itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 501 companies, not a prediction for ARMATIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.07 (1.55 in 2024), above the usual 1.5. Short-term debt is 43.6% and cash 29.6% of total assets. However, 50.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
53 days early
2024
7 days early
2023
9 days early
2022
6 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 19 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- WILLEMS CONSTRUCTscore 97equity €2.2m (2025) · deed of 28-12-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0779356990
1 director appointed, 2 resignations
Resignations: Danosafe BV and Willems Construct BV · Appointment: VIGI Partners BV · Permanent representatives: Donatien d'Hoop de Synghem and Alexandre Thienpont · General meeting of 30-06-2025 · Gazette deed
Incorporation
Founding capital of €15,000, 100 shares · Founders: WILLEMS CONSTRUCT (oprichter comparant), de BROUX Christophe Eric Jean Marie Ghislain (oprichter comparant) and THOMAS Nicolas Jean Paul (oprichter comparant) · Appointments: WILLEMS CONSTRUCT (director) and DANOSAFE (director) · published on 28-12-2021 · Gazette deed
First establishment
Koeweidestraat 56, Merchtem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARMATIS Merchtem | - | - | 49.1% | 15.5 |
| DECOLO Kruisem | - | - | 11.7% | 8.1 |
| EMS FLOOR BELGIUM Zaventem | €5.5m | 0.5% | 1.4% | 10.1 |
| CEGWA Herstal | €3.0m | 3.0% | 2.3% | 21 |
| OSTICHAPE Steenokkerzeel | - | - | 66.8% | 3.7 |
| G.K. CHAPE Floreffe | - | - | 26.1% | 4.1 |
| MIVA PROJECTS Meise | - | - | 82.5% | 3 |
These companies have the same main activity as ARMATIS: screed work (NACE 43422). They are comparable in size and age: total assets between €883,000 and €2m, founded between 2017 and 2022.
Official details
Source: KBO- Status
- Active since 24-12-2021Normal situation
- Activity
- Screed workNACE 43422and 6 others
- Joint committees
- 124Construction
- 111Metal, mechanical and electrical engineering
- 200Auxiliary committee for white-collar workers · annual accounts 2025and 1 other
- Establishment unit
- 2.327.635.8531785 Merchtem, since 24-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2025
Annual accounts 2025
- €1.5m▼ 41.9%
- Employeeson 31-12-2025
- 15▲ 15×
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on ARMATIS
ARMATIS files the abbreviated format. That format states no turnover. The gross margin rose from €133,940 in 2022 to €984,025 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARMATIS
- What is the company number of ARMATIS?
- The company number of ARMATIS is 0779.356.990. The VAT number is the same number with BE in front: BE 0779.356.990.
- Where is ARMATIS based?
- The registered office is at Koeweidestraat 56, 1785 Merchtem.Company details
- What does ARMATIS do?
- According to the KBO register, the main activity is screed work (NACE 43422).
- What is the legal form of ARMATIS?
- ARMATIS is a private limited company (BV).
- When was ARMATIS founded?
- ARMATIS was founded on 24-12-2021.
- Is ARMATIS still active?
- Yes, ARMATIS is an active enterprise in the KBO register.
- How many employees does ARMATIS have?
- ARMATIS had an average of 15.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ARMATIS fall under?
- In its 2025 annual accounts, ARMATIS states joint committees 124 (Construction), 111 (Metal, mechanical and electrical engineering), 200 (Auxiliary committee for white-collar workers) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of ARMATIS?
- The turnover in financial year 2025 is ≈ €2.7m. This figure is estimated from the gross margin of €984,025 and 145 comparable companies (NACE 43). It probably lies between €2.1m and €3.7m.
- Is ARMATIS profitable?
- In financial year 2025, ARMATIS made a profit of €59,785.
- Where can I find the annual accounts of ARMATIS?
- ARMATIS filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARMATIS due?
- ARMATIS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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