ARMO CONSTRUCT
ActiveFrom the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
ARMO CONSTRUCT has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€45,564) and a net result of -€38,738. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 13% of 17,119 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Official details
KBO- Status
- Active since 21-05-2021 Normal situation
- Legal form
- Private limited company
- Registered office
- Alfons Pieterslaan 90 - 92, 8400 Oostende
- Activity
- Development of residential building projects NACE 68121and 1 other
- Establishment unit
- 2.317.414.528 8400 Oostende, since 21-05-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 29-09-2025
Board and ownership
- Juma NVDirector · since 21-05-2021
- VDG Invest BVDirector · since 21-05-2021
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- -€9,467
- Loss
- €38,738
- ▲ 433%
- Equity
- -€45,564
- ▼ 568%
- Total assets
- €451,720
- ▲ 93.7%
Score breakdownraises riskCapped at 59: negative equityLiquidity: current ratio 1.69, cash €824Negative equity -€45,564lowers riskSector: Real estate activities (NACE 68)Size: total assets €451,720Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 13% of them on solvency, 16% on liquidity, 18% on profitability and 1% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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Signals
The company filed its last 4 accounts on average 12 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 27-07-2026
- Format
- micro format
- Reference
- 2026-00377532
2022 to 2025, 4 financial years
The operating result for 2025 is a loss of €10,053, after a profit of €34,689 in 2024. It is the lowest result since 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 1,167 companies had the same profile as ARMO CONSTRUCT has now. Two years later, 2.0% had gone bankrupt and 94.9% were still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARMO CONSTRUCT itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,445 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 1,167 companies, not a prediction for ARMO CONSTRUCT. 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | €162 | €1,137 | €1,108 | €586 | ▼ 47.1% |
| Gross operating margin9900 | €145 | -€3,498 | €35,797 | -€9,467 | - |
| Operating profit (loss)9901 | -€17 | -€4,635 | €34,689 | -€10,053 | - |
| Financial income75/76B | €0 | €0 | €394 | €1,842 | ▲ 367% |
| Recurring financial income75 | €0 | €0 | €394 | €1,842 | ▲ 367% |
| Financial charges65/66B | €443 | €4,463 | €42,352 | €30,518 | ▼ 27.9% |
| Recurring financial charges65 | €443 | €4,463 | €42,352 | €30,518 | ▼ 27.9% |
| Profit (loss) for the period before taxes9903 | -€460 | -€9,098 | -€7,268 | -€38,729 | ▼ 433% |
| Income taxes67/77 | - | - | - | €9 | - |
| Profit (loss) for the period9904 | -€460 | -€9,098 | -€7,268 | -€38,738 | ▼ 433% |
| Profit (loss) for the period to be appropriated9905 | -€460 | -€9,098 | -€7,268 | -€38,738 | ▼ 433% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €791,640 | €887,296 | €233,158 | €451,720 | ▲ 93.7% |
| Current assets29/58 | €791,640 | €887,296 | €233,158 | €451,720 | ▲ 93.7% |
| Stocks and contracts in progress3 | €551,136 | €659,528 | €0 | €40,000 | - |
| Stocks30/36 | €551,136 | €659,528 | €0 | €40,000 | - |
| Amounts receivable within one year40/41 | €223,107 | €226,459 | €232,893 | €410,896 | ▲ 76.4% |
| Trade receivables40 | €1,200 | €2,249 | €0 | €3,780 | - |
| Other amounts receivable41 | €221,907 | €224,209 | €232,893 | €407,116 | ▲ 74.8% |
| Cash at bank and in hand54/58 | €17,397 | €1,309 | €266 | €824 | ▲ 210% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €791,640 | €887,296 | €233,158 | €451,720 | ▲ 93.7% |
| Equity10/15 | €9,540 | €442 | -€6,826 | -€45,564 | ▼ 568% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€460 | -€9,558 | -€16,826 | -€55,564 | ▼ 230% |
| Amounts payable17/49 | €782,100 | €886,854 | €239,984 | €497,284 | ▲ 107% |
| Amounts payable after more than one year17 | €328,116 | €366,013 | €230,000 | €230,000 | = |
| Financial debts170/4 | €328,116 | €366,013 | €0 | - | - |
| Other amounts payable178/9 | - | - | €230,000 | €230,000 | = |
| Amounts payable within one year42/48 | €453,984 | €520,841 | €9,984 | €267,284 | ▲ 27× |
| Trade debts44 | €17,122 | €3,399 | €2,381 | €33,690 | ▲ 14× |
| Suppliers440/4 | €17,122 | €3,399 | €2,381 | €33,690 | ▲ 14× |
| Advances received on contracts in progress46 | €1,482 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €729 | €0 | - | - |
| Taxes450/3 | - | €729 | €0 | - | - |
| Other amounts payable47/48 | €435,380 | €516,714 | €7,604 | €233,594 | ▲ 31× |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€460 | -€9,098 | -€7,268 | -€38,738 | ▼ 433% |
| Operating cash flow (approximation) | -€460 | -€9,098 | -€7,268 | -€38,738 | ▼ 433% |
| Change in cash | - | -€16,088 | -€1,044 | €558 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Comparable companies
These companies have the same main activity as ARMO CONSTRUCT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €359,000 and €566,000, founded between 2020 and 2021.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| ARMO CONSTRUCT Oostende | 2021 | €451,720 | -€45,564 | -€9,467 | -€38,738 | - | 2025 |
| JULMA PROJECTS Roeselare | 2021 | €449,775 | -€12,404 | -€1,436 | -€13,410 | - | 2025 |
| OVS IMMO Knokke-Heist | 2020 | €461,025 | €205,401 | -€583 | -€16,020 | - | 2025 |
| HELMGRAS CONSTRUCT Waregem | 2021 | €390,068 | €261,195 | -€16,655 | -€17,609 | 0 | 2025 |
| DE BRUG PROJECTS Anzegem | 2021 | €369,434 | €13,506 | -€29,295 | -€37,348 | 0 | 2025 |
| WOMA PROJECTS Ardooie | 2021 | €566,361 | €694 | -€4,885 | -€6,210 | - | 2025 |
| PatJen Zwevegem | 2021 | €359,146 | -€2,583 | -€1,712 | -€3,005 | - | 2025 |
They were chosen from the 7,757 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Juma NV |
|
| VDG Invest BV |
|
Owners and capital
Shareholders
1 ownerChain of control
- ARMO PROJECTS
- ARMO CONSTRUCT
Owners 1
- ARMO PROJECTSparent100%
Group and network
Connections & network
2 current directorsThe network starts from the directors of ARMO CONSTRUCT. Every other company they run is a node.
History
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0768.661.157
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35386D0251/00G009 | Flanders | 170 m² | 1 · 170 m² | 24.9 m · 7 |