ARMADIF
ActiveSummary
ARMADIF has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €319k and a net result of €20k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+4
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.75 against 5.51 in 2024; short-term debt: 24% and cash: 60.8% of total assets), and 24% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
76%
Return on assets
4.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
2023
on the day
2022
16 d late
2021
28 d late
2020
26 d late
2019
7 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20k▲ 272%
2024 · €5k
2019: €13k
2020: €1k
2021: €2k
2022: €34k
2023: €101
2024: €5k
2019 → 2025
Working capital
€278k▲ 5.1%
2024 · €264k
2019: €93k
2020: €80k
2021: €171k
2022: €245k
2023: €255k
2024: €264k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€260k-€294k▲ 12.9%€294k=€299k▲ 1.8%€319k▲ 6.6%
Operating result€1k-€28k▲ 2,117%€-2k€3k€24k▲ 763%
Net result€2k-€34k▲ 1,742%€101▼ 99.7%€5k▲ 5,131%€20k▲ 272%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 763% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €420k
Fixed assets
€42k ▲ 17.4%
Current assets
€378k ▲ 17.3%
Equity and liabilities €420k
Equity
€319k ▲ 6.6%
Debt
€101k ▲ 72.2%
Debt's share of the balance-sheet total rises from 16.4% to 24.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▲
2024 · €6k
Cash flow
€23k▲
2024 · €9k
Current ratio
3.75▼
2024 · 5.51
Quick ratio
3.72▼
2024 · 5.41
Debt to equity
0.32▲
2024 · 0.20
ROE
6.2%▲
2024 · 1.8%
ROA
4.7%▲
2024 · 1.5%
Interest coverage
39.71▲
2024 · 11.28
Debt ≤ 1 year
€101k▲
2024 · €59k
Income taxes
€10k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€358k€420k▲
Fixed assets21/28€35k€42k▲
Tangible fixed assets22/27€35k€42k▲
Land and buildings22€33k€39k▲
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€50€50=
Current assets29/58€323k€378k▲
Stocks and contracts in progress3€6k€3k▼
Stocks30/36€6k€3k▼
Amounts receivable within one year40/41€85k€62k▼
Trade receivables40€85k€62k▼
Other amounts receivable41€59-
Current investments50/53€50k€50k=
Cash at bank and in hand54/58€174k€255k▲
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€358k€420k▲
Equity10/15€299k€319k▲
Contributions10/11€19k€19k=
Reserves13€7k€27k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€5k€25k▲
Profit (loss) carried forward14€274k€274k=
Amounts payable17/49€59k€101k▲
Amounts payable within one year42/48€59k€101k▲
Trade debts44€3k€11k▲
Suppliers440/4€3k€11k▲
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€9k€11k▲
Other amounts payable47/48€47k€80k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€987€387▼
Gross operating margin9900€7k€27k▲
Operating profit (loss)9901€3k€24k▲
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€530€679▲
Recurring financial charges65€530€679▲
Profit (loss) for the period before taxes9903€8k€29k▲
Income taxes67/77€3k€10k▲
Profit (loss) for the period9904€5k€20k▲
Profit (loss) for the period to be appropriated9905€5k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€279k€293k▲
Profit (loss) brought forward from the previous period14P€274k€274k=
Transfer to equity691/2€5k€20k▲
To other reserves6921€5k€20k▲
The notes to these accounts (9 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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €101 ▼99.7%
Net result drops to €101, the lowest in the series; recovery starts the following year.
16-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 16 days late
2022
30-06
Financial
Highest result since 2019net €34k ▲1,742%
Operating result €28k, net result €34k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 5.66
Current ratio from 2.60 to 5.66; short-term debt falls from €107k to €53k.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 28 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 7 days late
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2009
10-04
State Gazette act
General meeting · Director reappointment
Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Oudergem · 1 establishment unit since 2012
Ground area
299 m²
Building footprint
70 m²
Volume, LiDAR
683 m³
Parcel 21332E0033/00T053, Brussels · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ARMADIF
since 20122.288.852.778
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332E0033/00T053 | Brussels | 299 m² | 1 · 70 m² | 12.5 m · 3 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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Similar companies · same sector, comparable size
TriARConsulting
BE 0632.614.501
Sint-Martens-Latem · Eq €319,165
RH manage-it 4U
BE 0687.828.483
Lier · Eq €319,133
STP
BE 0872.231.918
Deinze · Eq €319,232
ELAN
BE 0882.442.355
Wevelgem · Eq €319,238
HANS VAN DEN BROUCKE
BE 0508.494.190
Knokke-Heist · Eq €319,267
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 37,750 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-2006
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:www.armadif.eu
E-mail:jerome.cornu@armadif.eu
Phone:+32477487343
E-mail:jerome.cornu@pharmavidin.com