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Army Recognition Group

Active
Private limited company (pre-2019)founded 2017active for 8 yearsPromenade des Ours 11, 5300 Andenne, BelgiumKBO/BCE: BE 0686.851.060
Summary

Army Recognition Group has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123,862 and a net result of €88,469. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 34% of 825 sector peers (NACE 58, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Official details

Source: KBO
Status
Active since 27-12-2017 Normal situation
Activity
Publishing activities NACE 58130and 4 others
Joint committee
200 Auxiliary committee for white-collar workers · annual accounts 2022
Establishment unit
2.271.645.374 5300 Andenne, since 27-12-2017
Financial year end
31 December
Peppol
Reachable since 16-01-2025

Board and ownership

Board
  • Servaes AlainDirector

Financial position

70 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts 2025
Gross margin
€300,682
▼ 23.8%
Turnover
≈ €600,000
estimated
Profit
€88,469
▲ 35×
Equity
€123,862
▲ 156%
Total assets
€516,869
▲ 0.1%
Employees on 31-12-2025
4
▼ 42.9%
  • 2025 accounts filed 61 days after the deadline
Score breakdownraises riskLast filed accounts filed 61 days late; 3 of the last 3 accounts lateLiquidity: current ratio 1.34, cash €7,458lowers riskSector: Publishing activities (NACE 58)Size: total assets €516,869Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 57% of micro companies in publishing (NACE 58)
Financial strength · tick: 2024
Strong
Solvency 49+15
equity 24.0% of total assets
Liquidity 35+7
short-term debt 36.4% · cash 1.4%
Profitability 90+38
return on assets 17.1%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,284 companies, NACE 58, micro)
Last 24 months 12-2024: 1.0% 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.1%▲ +0.1 percentage points vs 04-2025 06-2025: 1.0%▼ -0.1 percentage points vs 05-2025 07-2025: 1.0%● unchanged vs 06-2025 08-2025: 1.5%▲ +0.5 percentage points vs 07-2025 09-2025: 1.8%▲ +0.3 percentage points vs 08-2025 10-2025: 2.7%▲ +0.9 percentage points vs 09-2025highest value 11-2025: 0.7%▼ -2.0 percentage points vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025lowest value 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.8%▲ +0.1 percentage points vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 1.1%▲ +0.3 percentage points vs 07-2026 09-2026: 1.4%▲ +0.3 percentage points vs 08-2026 10-2026: 0.7%▼ -0.7 percentage points vs 09-2026 11-2026: 0.7%● unchanged vs 10-2026
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.34 (0.9 in 2024), below the usual 1.5. Short-term debt is 36.4% and cash 1.4% of total assets. 76% of the assets are financed with debt and provisions.
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 58, micro). It does better than 35% of them on solvency, 22% on liquidity, 77% on profitability and 95% on growth.

The bankruptcy probability was computed on 04-11-2026 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 low class on 30-06-2025, 0.8% 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).

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Signals

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 61 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Sector: Publishing activities (NACE 58)
KBO
raises risk · Liquidity: current ratio 1.34, cash €7,458
NBB · annual accounts
lowers risk · Size: total assets €516,869
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €123,862
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filings
Deviation from the deadline
2025
61 days late
2024
61 days late
2023
79 days late
2022
29 days late
2021
31 days late
2020
31 days late
2019
94 days late
← 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 55 days after the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% 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 30 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025from €2,558 to €88,469 ▲ 35× View
  • Positive: Higher net result than 94% of companies in publishingsector median €6,257 · 822 companies €88,469 View

Recent changes

  1. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as Army Recognition Group: publishing activities (NACE 58130). They are comparable in size and age: total assets between €242,000 and €923,000, founded between 2013 and 2019.

CompanyTotal assetsGross margin
Army Recognition Group Andenne€516,869€300,682
PROSU MEDIA PRODUCTIES Asse€446,492€117,507
CLAUMALEX Destelbergen€518,199€177,464
MARCOM WORLD Watermael-Boitsfort€517,187€189,690
SLANTED MEDIA Ixelles€299,180€149,702
EOS WETENSCHAP Antwerp€922,509€901,823
de ProMeet Eeklo€241,579€104,878
Full comparison

Key facts about Army Recognition Group

What is the company number of Army Recognition Group?
The company number of Army Recognition Group is 0686.851.060. The VAT number is the same number with BE in front: BE 0686.851.060.
Where is Army Recognition Group based?
The registered office is at Promenade des Ours 11, 5300 Andenne.Company details
What does Army Recognition Group do?
According to the KBO register, the main activity is publishing activities (NACE 58130).
What is the legal form of Army Recognition Group?
Army Recognition Group is a private limited company (pre-2019) (BVBA).
When was Army Recognition Group founded?
Army Recognition Group was founded on 27-12-2017.
Is Army Recognition Group still active?
Yes, Army Recognition Group is an active enterprise in the KBO register.
How many employees does Army Recognition Group have?
Army Recognition Group had an average of 3.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Army Recognition Group fall under?
In its 2022 annual accounts, Army Recognition Group states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of Army Recognition Group?
The turnover in financial year 2025 is ≈ €600,000. This figure is estimated from the gross margin of €300,682 and 882 comparable companies of the same size. It probably lies between €420,000 and €870,000. It is a rough estimate.
Is Army Recognition Group profitable?
In financial year 2025, Army Recognition Group made a profit of €88,469.
Where can I find the annual accounts of Army Recognition Group?
Army Recognition Group filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Army Recognition Group due?
Army Recognition Group must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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