ARMIN W
ActiveThe computed 12-month bankruptcy probability of ARMIN W is 1.5% (moderate). The 2025 annual accounts show equity of €10k and a net result of €4k. Equity is shrinking by ~15.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 48% of 18039 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▲+32
Solvency57▲+7
Growth39▼-3
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.18 in 2024; short-term debt: 68% and cash: 31.3% of total assets), and 68% 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €10k
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 14-07-2026, 17 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
17 d early
2024
2 d early
2023
19 d early
2022
5 d early
2021
31 d early
2020
64 d early
2019
25 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€369k▼ 10.2%
2024 · €411k
2018: €257k
2019: €262k
2020: €306k
2021: €355k
2022: €412k
2023: €415k
2024: €411k
2018 → 2025
EBIT margin
1.1%▲ 0.7pp
2024 · 0.4%
2018: 2.9%
2019: 0.3%
2020: -7.2%
2021: 1.8%
2022: -1.8%
2023: -0.6%
2024: 0.4%
2018 → 2025
Net result
€4k▲ 1,002%
2024 · €366
2018: €5k
2019: €357
2020: €-23k
2021: €6k
2022: €-9k
2023: €-4k
2024: €366
2018 → 2025
Working capital
€8k▲ 172%
2024 · €3k
2018: €11k
2019: €20k
2020: €10k
2021: €16k
2022: €8k
2023: €5k
2024: €3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€355k-€412k▲ 16.1%€415k▲ 0.8%€411k▼ 1.0%€369k▼ 10.2%
Equity€18k-€9k▼ 49.2%€5k▼ 42.2%€6k▲ 6.9%€10k▲ 71.1%
Operating result€7k-€-7k€-2k▲ 66.7%€2k€4k▲ 166%
Net result€6k-€-9k€-4k▲ 56.4%€366€4k▲ 1,002%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 166% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30k
Fixed assets
€2k▼ 41.4%
Current assets
€29k▲ 43.5%
Equity and liabilities €30k
Equity
€10k▲ 71.1%
Debt
€21k▲ 21.0%
The debt ratio falls from 75.1% to 68.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5k▲
2024 · €3k
Cash flow
€5k▲
2024 · €1k
Solvency
32.0%▲
2024 · 24.9%
Current ratio
1.39▲
2024 · 1.18
Quick ratio
0.52▲
2024 · 0.16
Debt / equity
2.13▼
2024 · 3.01
ROE
41.6%▲
2024 · 6.5%
ROA
13.3%▲
2024 · 1.6%
Interest coverage
49.98▲
2024 · 2.13
Debt
€21k▲
2024 · €17k
Debt ≤ 1 year
€21k▲
2024 · €17k
Staff costs
€30k▼
2024 · €42k
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€23k€30k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€20k€29k▲
Stocks and contracts in progress3€17k€18k▲
Stocks30/36€17k€18k▲
Amounts receivable within one year40/41€47-
Trade receivables40€47-
Cash at bank and in hand54/58€2k€10k▲
Deferred charges and accrued income490/1€284€1k▲
Equity and liabilities
Total equity and liabilities10/49€23k€30k▲
Equity10/15€6k€10k▲
Contributions10/11€18k€18k=
Reserves13€269€269=
Non-distributable reserves130/1€269€269=
Reserves not available under the articles1311€269€269=
Profit (loss) carried forward14€-12k€-8k▲
Amounts payable17/49€17k€21k▲
Amounts payable within one year42/48€17k€21k▲
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Taxes, remuneration and social security45€12k€17k▲
Taxes450/3€2k€2k▼
Remuneration and social security454/9€10k€15k▲
Other amounts payable47/48€4k€2k▼
Income statement
Code20242025
Turnover70€411k€369k▼
Goods, raw materials, services and sundry goods60/61€371k€337k▼
Remuneration, social security and pensions62€42k€30k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€972€1k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€46k€36k▼
Operating profit (loss)9901€2k€4k▲
Financial charges65/66B€1k€105▼
Recurring financial charges65€1k€105▼
Profit (loss) for the period before taxes9903€366€4k▲
Profit (loss) for the period9904€366€4k▲
Profit (loss) for the period to be appropriated9905€366€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-8k▲
Profit (loss) brought forward from the previous period14P€-13k€-12k▲
The notes to these accounts (6 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €366
Net result €366 after 2 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-23k ▼6436%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 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, Anderlecht · 1 establishment unit since 2017
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.
Henri Reysquare 21070 AnderlechtGround area
99 m²
Building footprint
88 m²
Volume, LiDAR
1,253 m³
Parcel 21302A0056/00C008, Brussels · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ARMIN W
since 20172.267.313.137
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21302A0056/00C008 | Brussels | 98 m² | 1 · 88 m² | 17.5 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.267.313.137
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Of 10,529 companies in sector 47110 we hold annual accounts for 5,858. 3,426 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2017
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.