ARMAY
ActiveSummary
The computed 12-month bankruptcy probability of ARMAY is 2.5% (moderate). The 2025 annual accounts show negative equity (-€25,347) and a net result of -€12,905. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 46 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,035 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €36,130 | €942 | ▼ 97.4% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €34,097 | €7,110 | ▼ 79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €3,444 | €580 | ▼ 83.2% |
| Other operating charges640/8 | - | - | €1,043 | €188 | €5,957 | ▲ 3,068% |
| Gross operating margin9900 | -€4,858 | -€333 | -€947 | €2,033 | -€6,168 | ▼ 403% |
| Operating profit (loss)9901 | -€4,858 | -€333 | -€1,990 | -€1,599 | -€12,705 | ▼ 695% |
| Financial income75/76B | - | €460 | €2,989 | - | - | - |
| Recurring financial income75 | €3,679 | €460 | €2,989 | - | - | - |
| Financial charges65/66B | - | €175 | €722 | €442 | €200 | ▼ 54.8% |
| Recurring financial charges65 | €2,619 | €175 | €722 | €442 | €200 | ▼ 54.8% |
| Profit (loss) for the period before taxes9903 | -€3,798 | -€48 | €278 | -€2,041 | -€12,905 | ▼ 532% |
| Income taxes67/77 | -€241 | - | - | €431 | - | - |
| Profit (loss) for the period9904 | -€3,557 | -€48 | €278 | -€2,472 | -€12,905 | ▼ 422% |
| Profit (loss) for the period to be appropriated9905 | -€3,557 | -€48 | €278 | -€2,472 | -€12,905 | ▼ 422% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61,068 | €106,618 | €43,745 | €35,102 | €27,658 | ▼ 21.2% |
| Fixed assets21/28 | - | - | - | €19,684 | €750 | ▼ 96.2% |
| Tangible fixed assets22/27 | - | - | - | €18,934 | - | - |
| Plant, machinery and equipment23 | - | - | - | €3,672 | - | - |
| Furniture and vehicles24 | - | - | - | €6,766 | - | - |
| Leasing and similar rights25 | - | - | - | €8,495 | - | - |
| Financial fixed assets28 | - | - | - | €750 | €750 | = |
| Current assets29/58 | €61,068 | €106,618 | €43,745 | €15,418 | €26,908 | ▲ 74.5% |
| Stocks and contracts in progress3 | - | - | - | €2,152 | - | - |
| Stocks30/36 | - | - | - | €2,152 | - | - |
| Amounts receivable within one year40/41 | €57,389 | €106,618 | €43,745 | €12,538 | €26,897 | ▲ 115% |
| Trade receivables40 | - | €63,406 | - | €12,538 | €26,897 | ▲ 115% |
| Other amounts receivable41 | - | €43,212 | €43,745 | - | - | - |
| Cash at bank and in hand54/58 | - | - | - | €728 | €11 | ▼ 98.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61,068 | €106,618 | €43,745 | €35,102 | €27,658 | ▼ 21.2% |
| Equity10/15 | €4,007 | €3,959 | €4,237 | -€12,442 | -€25,347 | ▼ 104% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €514 | €514 | €514 | €514 | €514 | = |
| Non-distributable reserves130/1 | - | €514 | €514 | €514 | €514 | = |
| Reserves not available under the articles1311 | - | €514 | €514 | €514 | €514 | = |
| Profit (loss) carried forward14 | -€15,106 | -€15,154 | -€14,876 | -€31,556 | -€44,461 | ▼ 40.9% |
| Amounts payable17/49 | €57,061 | €102,659 | €39,507 | €47,544 | €53,005 | ▲ 11.5% |
| Amounts payable within one year42/48 | €23,625 | €69,222 | €6,071 | €14,108 | €19,568 | ▲ 38.7% |
| Financial debts43 | - | €712 | €616 | - | - | - |
| Credit institutions430/8 | - | €712 | €616 | - | - | - |
| Trade debts44 | €22,432 | €68,510 | €805 | €3,069 | €2,512 | ▼ 18.2% |
| Suppliers440/4 | - | €68,510 | €805 | €3,069 | €2,512 | ▼ 18.2% |
| Taxes, remuneration and social security45 | - | - | €4,649 | €447 | €2,172 | ▲ 385% |
| Taxes450/3 | - | - | €4,649 | €447 | €2,172 | ▲ 385% |
| Other amounts payable47/48 | - | - | - | €10,591 | €14,885 | ▲ 40.5% |
| Accrued charges and deferred income492/3 | - | €33,436 | €33,436 | €33,436 | €33,436 | = |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,557 | -€48 | €278 | -€2,472 | -€12,905 | ▼ 422% |
| + Depreciation and write-downs630 | - | - | - | €3,444 | €580 | ▼ 83.2% |
| Operating cash flow (approximation) | -€3,557 | -€48 | €278 | €972 | -€12,324 | ▼ 1,368% |
| Investment in fixed assets (approximation) | - | - | - | - | €18,353 | - |
| Change in cash | - | - | - | - | -€717 | - |
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
31-03
State Gazette act
Registered office · Capital & shares · Resignations & appointmentsShare transfer · Registered-office move · Mandate compensation4 facts ▸
- General meeting, 28/02/2025
- Share transfer, SANLI Murat → ARMAY Tuba
- Registered-office move, Rue Emile Vandervelde 105, 6042 Lodelinsart
- Mandate compensation, ARMAY
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
- SANLI Murat to ARMAY Tuba 50 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.