ARMTRANS
ActiveThe computed 12-month bankruptcy probability of ARMTRANS is 1.9% (moderate). The 2025 annual accounts show equity of €41k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 63% of 1845 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+22
Solvency76▼-24
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.89 against 9.69 in 2024; short-term debt: 49% and cash: 8% of total assets), and 49% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51%
Return on assets
11.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
29 d early
2023
42 d late
2022
61 d late
2021
18 d late
2020
31 d late
2019
73 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€41k▼ 37.2%
2024 · €66k
2018: €283
2019: €770
2020: €2k
2021: €-7k
2022: €50k
2023: €65k
2024: €66k
2018 → 2025
Total assets
€81k▲ 11.9%
2024 · €72k
2018: €66k
2019: €46k
2020: €32k
2021: €2k
2022: €58k
2023: €70k
2024: €72k
2018 → 2025
Net result
€9k▲ 1,850%
2024 · €466
2018: €4k
2019: €486
2020: €1k
2021: €-9k
2022: €57k
2023: €16k
2024: €466
2018 → 2025
Working capital
€35k▼ 38.2%
2024 · €57k
2018: €-26k
2019: €-13k
2020: €-9k
2021: €-8k
2022: €48k
2023: €53k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-7k-€50k€65k▲ 31.7%€66k▲ 0.7%€41k▼ 37.2%
Operating result€-8k-€57k€17k▼ 69.7%€-2k€10k
Net result€-9k-€57k€16k▼ 72.3%€466▼ 97.0%€9k▲ 1,850%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €10k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81k
Fixed assets
€6k▼ 31.1%
Current assets
€75k▲ 17.9%
Equity and liabilities €81k
Equity
€41k▼ 37.2%
Debt
€40k▲ 505%
The debt ratio rises from 9.1% to 49.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13k▲
2024 · €694
Cash flow
€12k▲
2024 · €4k
Solvency
51.0%▼
2024 · 90.9%
Current ratio
1.89▼
2024 · 9.69
Quick ratio
1.89▼
2024 · 9.69
Debt / equity
0.96▲
2024 · 0.10
ROE
22.0%▲
2024 · 0.7%
ROA
11.2%▲
2024 · 0.6%
Interest coverage
78.85▲
2024 · 5.03
Debt
€40k▲
2024 · €7k
Debt ≤ 1 year
€40k▲
2024 · €7k
Income taxes
€4k▲
2024 · €367
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€72k€81k▲
Fixed assets21/28€9k€6k▼
Tangible fixed assets22/27€9k€6k▼
Furniture and vehicles24€9k€6k▼
Financial fixed assets28€25€25=
Current assets29/58€64k€75k▲
Amounts receivable within one year40/41€57k€65k▲
Trade receivables40€2k-
Other amounts receivable41€55k€65k▲
Cash at bank and in hand54/58€3k€6k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€72k€81k▲
Equity10/15€66k€41k▼
Contributions10/11€9k€9k=
Outside capital11€9k€9k=
Other1109/19€9k€9k=
Reserves13€23k€32k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€16k€25k▲
Profit (loss) carried forward14€34k-
Amounts payable17/49€7k€40k▲
Amounts payable within one year42/48€7k€40k▲
Trade debts44€2k€714▼
Suppliers440/4€2k€714▼
Taxes, remuneration and social security45€5k€15k▲
Taxes450/3€3k€15k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48-€24k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€3k€15k▲
Operating profit (loss)9901€-2k€10k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€138€159▲
Recurring financial charges65€138€159▲
Profit (loss) for the period before taxes9903€832€13k▲
Income taxes67/77€367€4k▲
Profit (loss) for the period9904€466€9k▲
Profit (loss) for the period to be appropriated9905€466€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€43k▲
Profit (loss) brought forward from the previous period14P€34k€34k=
Transfer to equity691/2€466€9k▲
To other reserves6921€466€9k▲
Profit to be distributed694/7-€34k
Return on contributions (dividend)694-€34k
The notes to these accounts (4 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Back to profitnet €57k
Net result €57k after one loss-making year.
31-12
Financial
Liquidity times 49current ratio 6.50
Current ratio from 0.13 to 6.50; short-term debt falls from €9k to €9k.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Weakest financial yearnet €-9k ▼802%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 44 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Brussel · 1 establishment unit since 2010
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.
Rode Kruislaan 1011020 BrusselGround area
623 m²
Building footprint
122 m²
Volume, LiDAR
629 m³
Parcel 21818A0172/00N000, Brussels · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARMTRANS
since 20102.193.389.437
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0172/00N000 | Brussels | 623 m² | 1 · 122 m² | 7.8 m · 2 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.
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S-W TRANSPORT
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Of 6,687 companies in sector 49330 we hold annual accounts for 2,291. 1,905 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-10-2010
Fiscal year end31-12
Activities, NACEBEL
49320Taxi operation
49330On-demand passenger transport by chauffeured vehicle
43350Other building finishing work
52250Logistics services
52290Warehousing and support activities for transportation
53100Postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.