Equity
€2.2m ▲ 1.2%
ARMOSA paid out €600,000 in dividends. That is 96% of the 2025 profit.
ARMOSA
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2003peak €316,486 (2007)
-not published
lowest -€618 (2017)
€626,585▼ 28.3%
peak €2.2m (2025)
€2.2m▲ 1.2%
€10.7m▲ 9.6%
peak 25.3 FTE (2025)
25.3 FTE▲ 12.9%
Board10 names since 2017
3 directorsELÉONORE SAMAIN and 2 others
Owners2 names in the annual accounts
100%SNYPE
Documentsfilings and deeds
29-05-202663 days before the deadline
2025financial year
Result from €873,584 to €626,585Staff from 22.4 FTE to 25.3 FTEAppointment: Pierre SAMAIN (director) 23-06Dividend €600,000Investments €605,793
Key points
from the 2025 annual accountsDebts
€10.7m 83% of the balance sheet
Financial debts 57%Suppliers 19%Taxes and wages 4%Other 19%
€6.4m of the debts are secured on the company's own assets. In 2018 that was €3.2m.
Investments
€606,004 2.9 × depreciation
Green is investment, beige is depreciation.
Payment terms
33 days to suppliers
ARMOSA pays its suppliers 17 days earlier than in 2024. Customers pay 9 days earlier.
Filings
23 annual accounts since 2003
The last five annual accounts were filed 61 to 72 days before the end of the period.
Position in the sector
17.1%
Lower solvency than 85% of companies in chemicals. Sector median 50.1% · 317 companies.
Checked score
82
Excellent
Financially stronger than 29% of small companies in chemicals (NACE 20)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 147 companies (NACE 20, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%highest value
01-2025: 0.5%● unchanged vs 12-2024highest value
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: 0.5%● unchanged vs 04-2025
06-2025: 0.4%▼ -0.1 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026lowest value
07-2026: 0.4%● unchanged vs 06-2026lowest value
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.22, cash €262,476
Equity €2.2m (17.1% of total assets)
lowers risk
Founded in 2002
Profit of €626,585 (financial year 2025)
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 20, small). It does better than 14% of them on solvency, 6% on liquidity, 40% on profitability and 54% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 4,685 companies had the same profile as ARMOSA has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of ARMOSA itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,685 companies, not a prediction for ARMOSA. 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 €180,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.22 (1.23 in 2024), below the usual 1.5. Short-term debt is 77.6% and cash 2% of total assets. 82.9% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 317 sector peers (2025).
NBB · sector comparisonPosition among 317 sector peers
Solvency
better than 14%
← weakest
strongest →
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 days early
2024
72 days early
2023
64 days early
2022
67 days early
2021
61 days early
2020
80 days early
2019
58 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 66 days before the deadline. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% 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 29 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
3 directors reappointed
Snype SA (managing director), Openmind SRL and Eléonore SAMAIN · Permanent representatives: Vincent SAMAIN and Philippe KEYEUX · General meeting of 15-05-2026 · Gazette deed
Appointment: Pierre SAMAIN (director)
General meeting of 16-05-2025 · Gazette deed
Reappointment: O. de Bonhome SRL (statutory auditor)
General meeting of 24-05-2024 · Gazette deed
Reappointment: O. de Bonhome - bureau de Réviseurs d'Entreprises (statutory auditor)
General meeting of 07-05-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARMOSA Engis | €25.8m | 4.6% | 17.1% | 25.3 |
| LABORATOIRE HUCKERT'S INTERNATIONAL Wavre | - | - | 32.8% | 18.5 |
| KOPPERT BELGIE Mechelen | €5.7m | 7.1% | 83.5% | 11.2 |
| FytoFend Gembloux | - | - | 75.8% | 9.2 |
| PELSIS BELGIUM Bornem | €35.7m | 0.4% | 38.3% | 67.3 |
| Q-CHEM Sint-Truiden | - | - | 99.5% | - |
| ARTECHNO Gembloux | €2.8m | 6.6% | 77.2% | 12.4 |
Grey: the largest companies of the sector (chemicals (NACE 20)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ARMOSA: manufacture of chemicals and chemical products (NACE 20200). They are comparable in size and age: total assets between €1.9m and €30m, founded between 1967 and 2009.
Official details
Source: KBO- Status
- Active since 12-04-2002Normal situation
- Activity
- Manufacture of chemicals and chemical productsNACE 20200and 2 others
- Joint committees
- 322Temporary agency work and approved local services
- 207White-collar workers in the chemical industry · annual accounts 2025
- Establishment unit
- 2.094.706.5854480 Engis, since 27-05-2002
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €12.9m▲ 8.1%
- Employeeson 31-12-2025
- 27▲ 8.0%
- Filing
- Filed on 29-05-2026, 63 days before the end of the filing period
Insights on ARMOSA
ARMOSA has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €626,585.
Equity has been growing by about 9.7% per year since 2018. Its solvency ranks better than 14% of 317 sector peers (NACE 20, financial year 2025).
The computed 12-month bankruptcy probability is 0.4% (very low).
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 ARMOSA
- What is the company number of ARMOSA?
- The company number of ARMOSA is 0477.323.043. The VAT number is the same number with BE in front: BE 0477.323.043.
- Where is ARMOSA based?
- The registered office is at Rue des Tuiliers 1, 4480 Engis.Company details
- What does ARMOSA do?
- According to the KBO register, the main activity is manufacture of chemicals and chemical products (NACE 20200).
- What is the legal form of ARMOSA?
- ARMOSA is a public limited company (NV).
- When was ARMOSA founded?
- ARMOSA was founded on 12-04-2002.
- Is ARMOSA still active?
- Yes, ARMOSA is an active enterprise in the KBO register.
- How many employees does ARMOSA have?
- ARMOSA had an average of 25.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ARMOSA fall under?
- In its 2025 annual accounts, ARMOSA states joint committees 322 (Temporary agency work and approved local services) and 207 (White-collar workers in the chemical industry).
- What is the turnover of ARMOSA?
- The turnover of ARMOSA was €25.8m in financial year 2025, according to the filed annual accounts.
- Is ARMOSA profitable?
- In financial year 2025, ARMOSA made a profit of €626,585.
- Where can I find the annual accounts of ARMOSA?
- ARMOSA filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARMOSA due?
- ARMOSA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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