ARMAJI
ActiveSummary
ARMAJI has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72k and a net result of €13k. Equity is growing by ~66.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-17
Solvency71▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 2.75 in 2024; short-term debt: 54.4% and cash: 38.6% of total assets), but 54.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
45.6%
Return on assets
8.4%
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 06-08-2026, 6 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 · 7 filingsDeviation from the deadline
2025
6 d late
2024
65 d early
2023
9 d early
2022
31 d late
2021
20 d early
2020
31 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€72k▲ 22.4%
2024 · €59k
2019: €10k
2020: €-3k
2021: €20k
2022: €20k
2023: €39k
2024: €59k
2019 → 2025
Total assets
€157k▲ 74.7%
2024 · €90k
2019: €40k
2020: €20k
2021: €51k
2022: €60k
2023: €89k
2024: €90k
2019 → 2025
Net result
€13k▼ 31.9%
2024 · €19k
2019: €4k
2020: €-14k
2021: €23k
2022: €91
2023: €20k
2024: €19k
2019 → 2025
Working capital
€68k▲ 22.6%
2024 · €55k
2019: €5k
2020: €-12k
2021: €11k
2022: €11k
2023: €34k
2024: €55k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€20k▲ 0.5%€39k▲ 100%€59k▲ 49.1%€72k▲ 22.4%
Operating result€32k-€11k▼ 66.2%€37k▲ 252%€37k▼ 2.2%€21k▼ 43.5%
Net result€23k-€91▼ 99.6%€20k▲ 21,502%€19k▼ 1.8%€13k▼ 31.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157k
Fixed assets
€4k ▲ 20.7%
Current assets
€153k ▲ 76.8%
Equity and liabilities €157k
Equity
€72k ▲ 22.4%
Debt
€86k ▲ 172%
Debt's share of the balance-sheet total rises from 35.0% to 54.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23k▼
2024 · €39k
Cash flow
€15k▼
2024 · €22k
Current ratio
1.79▼
2024 · 2.75
Debt to equity
1.19▲
2024 · 0.54
ROE
18.3%▼
2024 · 32.9%
ROA
8.4%▼
2024 · 21.4%
Interest coverage
8.32▼
2024 · 16.34
Debt ≤ 1 year
€86k▲
2024 · €31k
Income taxes
€12k▼
2024 · €15k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€90k€157k▲
Fixed assets21/28€3k€4k▲
Tangible fixed assets22/27€3k€4k▲
Plant, machinery and equipment23€1k€889▼
Furniture and vehicles24€2k€3k▲
Other tangible fixed assets26€347€206▼
Current assets29/58€87k€153k▲
Amounts receivable within one year40/41€32k€87k▲
Trade receivables40€32k€75k▲
Other amounts receivable41€506€12k▲
Cash at bank and in hand54/58€49k€61k▲
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€90k€157k▲
Equity10/15€59k€72k▲
Contributions10/11€6k€6k=
Reserves13€52k€65k▲
Distributable reserves133€52k€65k▲
Amounts payable17/49€31k€86k▲
Amounts payable within one year42/48€31k€86k▲
Financial debts43€84€1k▲
Credit institutions430/8€84€1k▲
Trade debts44€10k€6k▼
Suppliers440/4€10k€6k▼
Advances received on contracts in progress46-€46k
Taxes, remuneration and social security45€3k€8k▲
Taxes450/3€3k€8k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€18k€25k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€621€283▼
Gross operating margin9900€40k€23k▼
Operating profit (loss)9901€37k€21k▼
Financial income75/76B€0€7k▲
Recurring financial income75€0€3▲
Non-recurring financial income76B-€7k
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€34k€25k▼
Income taxes67/77€15k€12k▼
Profit (loss) for the period9904€19k€13k▼
Profit (loss) for the period to be appropriated9905€19k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€13k▼
Transfer to equity691/2€19k€13k▼
To other reserves6921€19k€13k▼
The notes to these accounts (6 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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.36
Current ratio from 0.47 to 1.36.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-14k ▼429%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2019
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.
Heistraat 2392610 AntwerpenGround area
203 m²
Building footprint
105 m²
Volume, LiDAR
741 m³
Parcel 11462A0162/00T000, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ARMAJI
since 20192.285.325.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0162/00T000 | Flanders | 203 m² | 1 · 105 m² | 11.0 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.
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 39,746 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
Founded12-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.