ARMGROUP
ActiveSummary
The computed 12-month bankruptcy probability of ARMGROUP is 2.1% (moderate). The 2024 annual accounts show equity of €63,066 and a net result of €45,683. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 82% of 9982 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+26
Solvency98▲+33
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 5.44 against 1.54 in 2023; short-term debt: 11.5% and cash: 50.3% of total assets), and 26.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
33 d early
2022
30 d late
2021
18 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€63,066▲ 263%
2023 · €17,384
Total assets
€86,061▲ 95.6%
2023 · €43,998
Net result
€45,683▲ 2,467%
2023 · €1,780
Working capital
€44,067▲ 209%
2023 · €14,270
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€12,506-€715▼ 94.3%€2,616▲ 266%€58,001▲ 2,117%
Net result€9,474-€130▼ 98.6%€1,780▲ 1,272%€45,683▲ 2,467%
Equity€15,474-€15,604▲ 0.8%€17,384▲ 11.4%€63,066▲ 263%
Total assets€34,934-€24,466▼ 30.0%€43,998▲ 79.8%€86,061▲ 95.6%
Debt€19,459-€8,862▼ 54.5%€26,615▲ 200%€22,995▼ 13.6%
Working capital-€1,561-€9,092€14,270▲ 57.0%€44,067▲ 209%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 2,117% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €86,061
Fixed assets
€32,061 ▲ 930%
Current assets
€54,000 ▲ 32.1%
Equity and liabilities €86,061
Equity
€63,066 ▲ 263%
Debt
€22,995 ▼ 13.6%
Debt's share of the balance-sheet total falls from 60.5% to 26.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63,773▲
2023 · €6,014
Cash flow
€51,455▲
2023 · €5,178
Current ratio
5.44▲
2023 · 1.54
Debt to equity
0.36▼
2023 · 1.53
ROE
72.4%▲
2023 · 10.2%
ROA
53.1%▲
2023 · 4.0%
Interest coverage
89.40▲
2023 · 23.42
Debt ≤ 1 year
€9,933▼
2023 · €26,615
Debt > 1 year
€13,062
Income taxes
€11,610▲
2023 · €579
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 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,112 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,200 | €3,398 | €3,398 | €5,772 | ▲ 69.8% |
| Other operating charges640/8 | €900 | €422 | €798 | €702 | ▼ 12.0% |
| Non-recurring operating charges66A | - | €625 | €1,410 | - | - |
| Gross operating margin9900 | €19,606 | €5,160 | €8,222 | €64,475 | ▲ 684% |
| Operating profit (loss)9901 | €12,506 | €715 | €2,616 | €58,001 | ▲ 2,117% |
| Financial income75/76B | €31 | - | €0 | €5 | ▲ 2,390% |
| Recurring financial income75 | €31 | - | €0 | €5 | ▲ 2,390% |
| Financial charges65/66B | €499 | €542 | €257 | €713 | ▲ 178% |
| Recurring financial charges65 | €499 | €542 | €257 | €713 | ▲ 178% |
| Profit (loss) for the period before taxes9903 | €12,038 | €173 | €2,359 | €57,293 | ▲ 2,329% |
| Income taxes67/77 | €2,564 | €44 | €579 | €11,610 | ▲ 1,904% |
| Profit (loss) for the period9904 | €9,474 | €130 | €1,780 | €45,683 | ▲ 2,467% |
| Profit (loss) for the period to be appropriated9905 | €9,474 | €130 | €1,780 | €45,683 | ▲ 2,467% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €34,934 | €24,466 | €43,998 | €86,061 | ▲ 95.6% |
| Fixed assets21/28 | €17,035 | €6,512 | €3,113 | €32,061 | ▲ 930% |
| Tangible fixed assets22/27 | €17,035 | €6,512 | €3,113 | €32,061 | ▲ 930% |
| Plant, machinery and equipment23 | €1,933 | €1,214 | €494 | - | - |
| Furniture and vehicles24 | €15,102 | €5,298 | €2,619 | €32,061 | ▲ 1,124% |
| Current assets29/58 | €17,899 | €17,955 | €40,885 | €54,000 | ▲ 32.1% |
| Stocks and contracts in progress3 | - | €3,073 | €618 | - | - |
| Stocks30/36 | - | €3,073 | €618 | - | - |
| Amounts receivable within one year40/41 | €16,088 | €12,445 | €3,873 | €10,731 | ▲ 177% |
| Trade receivables40 | €16,088 | €10,994 | €573 | €6,309 | ▲ 1,001% |
| Other amounts receivable41 | - | €1,452 | €3,300 | €4,422 | ▲ 34.0% |
| Cash at bank and in hand54/58 | €569 | €2,391 | €36,394 | €43,269 | ▲ 18.9% |
| Deferred charges and accrued income490/1 | €1,242 | €45 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €34,934 | €24,466 | €43,998 | €86,061 | ▲ 95.6% |
| Equity10/15 | €15,474 | €15,604 | €17,384 | €63,066 | ▲ 263% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €9,474 | €9,604 | €11,384 | €57,066 | ▲ 401% |
| Amounts payable17/49 | €19,459 | €8,862 | €26,615 | €22,995 | ▼ 13.6% |
| Amounts payable after more than one year17 | - | - | - | €13,062 | - |
| Financial debts170/4 | - | - | - | €13,062 | - |
| Amounts payable within one year42/48 | €19,459 | €8,862 | €26,615 | €9,933 | ▼ 62.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,839 | - |
| Trade debts44 | €612 | - | €184 | - | - |
| Suppliers440/4 | €612 | - | €184 | - | - |
| Taxes, remuneration and social security45 | €6,849 | €3,644 | €22,957 | €5,610 | ▼ 75.6% |
| Taxes450/3 | €6,849 | €444 | €557 | €5,610 | ▲ 908% |
| Remuneration and social security454/9 | - | €3,200 | €22,400 | - | - |
| Other amounts payable47/48 | €11,998 | €5,219 | €3,474 | €485 | ▼ 86.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,474 | €130 | €1,780 | €45,683 | ▲ 2,467% |
| + Depreciation and write-downs630 | €6,200 | €3,398 | €3,398 | €5,772 | ▲ 69.8% |
| Operating cash flow (approximation) | €15,674 | €3,528 | €5,178 | €51,455 | ▲ 894% |
| Investment in fixed assets (approximation) | - | €7,125 | €0 | -€34,720 | - |
| Change in cash | - | €1,823 | €34,003 | €6,875 | ▼ 79.8% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €45,683 ▲2,467%
Operating result €58,001, net result €45,683, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 5.44
Current ratio from 1.54 to 5.44; short-term debt falls from €26,615 to €9,933.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €130 ▼98.6%
Net result drops to €130, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.03
Current ratio from 0.92 to 2.03; short-term debt falls from €19,459 to €8,862.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Wetteren · 1 establishment unit since 2021
Ground area
167 m²
Building footprint
74 m²
Volume, LiDAR
457 m³
Parcel 42302E0810/00P000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARMGROUP
since 20212.311.820.992
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302E0810/00P000 | Flanders | 166 m² | 1 · 74 m² | 10.9 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 13,186 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
Founded08-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43230Insulation installation
43240Other construction installation
43350Other building finishing work
43990Other specialised construction activities
49310Scheduled passenger transport by road
49320Non-scheduled passenger transport by road
53200Other postal and courier activities
Contact
E-mail
armgroup2@hotmail.com
Phone
+32484727225
Scores and ratios are computed by Checked and are not a credit decision.