Checked.be
Active
BE 0479.392.806Private limited company
ARMAN BO1
Korte Zoutstraat 45 ·9300 Aalst, Belgium· 23 yrs active
Sector: Bemiddeling in verband met exploitatie van en handel in onroerend goed
(68310)
Conclusion
The computed 12-month bankruptcy probability of ARMAN BO1 is 0.2% (very low). The 2025 annual accounts show equity of €8.48M and a net result of €-480k. Equity is growing by ~56% per year across the filed fiscal years. Its solvency ranks better than 87% of 546 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Key figures
| Equity | €8.48M |
| Net result | €-480k |
| Better than sector | 87% |
| Active | 23 yrs |
Financial profile
50
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
35
Profitability
0
Solvency
67
Growth
48
Stability
100
Bankruptcy probability (12 mo)
0.2%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Long track record
−Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2003, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer
35
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 09-01-2026 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~56%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 79.1% | 16.1% | |
| Net result | €-480k | €6k | |
| Equity | €8.48M | €165k | |
| Gross operating margin | €224k | €77k | |
| Total assets | €10.72M | €1.39M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€504k
+2.5%
18-25
€182k
-52.7%
18-25
€-480k
-83.7%
18-25
€101k
-63.0%
18-25
€10.72M
-6.0%
18-25
€8.48M
-5.4%
18-25
€-574k
-1.2%
18-25
€0
-
18-25
Show 12 other metrics
€2.16M
-8.6%
18-25
€1.04M
-22.4%
18-25
€976k
+8.2%
18-25
0.45
-22.4%
18-25
0.45
-22.4%
18-25
79.1%
+0.7%
18-25
0.26
-3.4%
18-25
-5.7%
-94.1%
18-25
-4.5%
-95.5%
18-25
-77.7%
+18.1%
18-25
148.2%
+165.8%
18-25
2.11
-35.7%
18-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €182k |
| Net profit | €-480k |
| Cash flow | €101k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €10.72M |
| Equity | €8.48M |
| Debt | €2.16M |
| of which ≤ 1y | €1.04M |
| of which > 1y | €976k |
| Working capital | €-574k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.45 |
| Quick ratio | 0.45 |
| Working capital ratio | -5.4% |
| Solvency | 79.1% |
| Debt / equity | 0.26 |
| Long-term debt ratio | 0.12 |
| Interest coverage | 2.11 |
| Gross margin | - |
| Net margin | - |
| ROA | -4.5% |
| ROE | -5.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €10.72M |
| Fixed assets | 21/28 | €10.25M |
| Tangible fixed assets | 22/27 | €10.25M |
| Current assets | 29/58 | €464k |
| Amounts receivable within one year | 40/41 | €460k |
| Cash & bank | 54/58 | €169 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €10.72M |
| Equity | 10/15 | €8.48M |
| Contributions / capital | 10/11 | €700k |
| Reserves | 13 | €716k |
| Accumulated profits (losses) | 14 | €-988k |
| Provisions & deferred taxes | 16 | €77k |
| Amounts payable | 17/49 | €2.16M |
| Amounts payable after one year | 17 | €976k |
| Amounts payable within one year | 42/48 | €1.04M |
| Trade debts payable within one year | 44 | €35k |
| Income statement | ||
| Gross operating margin | 9900 | €224k |
| Operating result | 9901 | €-399k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €86k |
| Result before taxes | 9903 | €-485k |
| Net result for the period | 9904 | €-480k |
| Result to be appropriated | 9905 | €-465k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
Current directors & mandates
-
BV INTERSOUNDLegal entityNiet statutaire bestuurderState Gazette act 25021343 (11-02-2025)Current11-02-2025 → present
-
NV Waterloo InvestmentsLegal entityDirectorState Gazette act 24046990 (19-03-2024)Current19-03-2024 → present
Historic, not recently confirmed (6)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Build 4 U NVLegal entityDirectorState Gazette act 20011226 (20-01-2020)Not recently confirmedlast confirmed in an act from 2020
-
K-Invest BVBALegal entityDirectorState Gazette act 20011226 (20-01-2020)Not recently confirmedlast confirmed in an act from 2020
-
Janine Anne Mc DonaldManagerState Gazette act 19038152 (18-03-2019)Not recently confirmedlast confirmed in an act from 2019
-
Derek Kevin HeathwoodManagerState Gazette act 17163147 (22-11-2017)Not recently confirmedlast confirmed in an act from 2017
-
Siham RahmuniGevolmachtigdeState Gazette act 17045180 (28-03-2017)Not recently confirmedlast confirmed in an act from 2017
-
Youri Van Der ZwalmenGevolmachtigdeState Gazette act 17045180 (28-03-2017)Not recently confirmedlast confirmed in an act from 2017
Permanent representatives (2)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
-
Katleen Van Den BroeckVaste vertegenwoordigerState Gazette act 24046990 (19-03-2024)Permanent representative19-03-2024 → present
-
Roelandt DominicVaste vertegenwoordigerState Gazette act 24046990 (19-03-2024)Permanent representative- → 19-03-2024
Former directors (8)
-
Kris GryspeertNiet statutaire bestuurderState Gazette act 25021343 (11-02-2025)Former- → 11-02-2025
-
Derek HeathwoodDirectorState Gazette act 20011226 (20-01-2020)Former- → 20-01-2020
2 events
- 20-01-2020 Resigned· Director
- 30-12-2015 Resigned· Manager
-
Janine McDonaldDirectorState Gazette act 20011226 (20-01-2020)Former- → 20-01-2020
-
Morgan JonesManagerState Gazette act 19038152 (18-03-2019)Former18-03-2019 → 20-01-2020
2 events
- 20-01-2020 Resigned· Director
- 18-03-2019 Appointed· Manager
-
Richard LowesManagerState Gazette act 19038152 (18-03-2019)Former18-03-2019 → 20-01-2020
2 events
- 20-01-2020 Resigned· Director
- 18-03-2019 Appointed· Manager
3 further former directors in the mandate history. Available in Kantoor S.
See plans →
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Statutory auditor
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Ben Vandeweyer Statutory auditor |
- | 11-12-2019 → 23-09-2020 |
Show 1 earlier auditors
| Kathleen De Brabander Statutory auditor |
- | 16-02-2016 → 16-02-2016 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Legal Structure
| NACE primary | Bemiddeling in verband met exploitatie van en handel in onroerend goed(68310) |
| Legal form | Private limited company(610) |
| Incorporation | 27-01-2003 |
| Status | Active |
| Postal code | 9300 |
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A1917/00_000 | Flanders | 118 m² | 1 · 82 m² | 14.0 m · 4 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
09-01-2026
NBB filing
Annual accounts filed
2025
11-02-2025
State Gazette act
Director changes
2024
24-12-2024
NBB filing
Annual accounts filed
19-03-2024
State Gazette act
Director changes
2023
18-12-2023
NBB filing
Annual accounts filed
04-04-2023
State Gazette act
Statutes amendment
24-01-2023
State Gazette act
Statutes amendment
2022
01-07-2022
NBB filing
Annual accounts filed
2021
01-07-2021
NBB filing
Annual accounts filed
2020
23-09-2020
State Gazette act
Statutes amendment
16-07-2020
NBB filing
Annual accounts filed
21-01-2020
State Gazette act
Director changes
20-01-2020
State Gazette act
Director changes
2019
11-12-2019
State Gazette act
Director changes
29-05-2019
NBB filing
Annual accounts filed
18-03-2019
State Gazette act
Director changes
2018
05-07-2018
NBB filing
Annual accounts filed
2017
22-11-2017
State Gazette act
Director changes
31-07-2017
NBB filing
Annual accounts filed
28-03-2017
State Gazette act
Director changes
2016
07-07-2016
NBB filing
Annual accounts filed
16-02-2016
State Gazette act
Director changes
2015
30-12-2015
State Gazette act
Director changes
02-02-2015
State Gazette act
Statutes amendment
Belgian State Gazette reading coverage
We know of 21 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 14
updated 1 year ago
2025
11-02-2025 1 director appointed, 1 resigning
- BV INTERSOUND, Niet statutaire bestuurder
- Kris Gryspeert, Niet statutaire bestuurder
Summary:
v3.2
Technical details
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}2024
19-03-2024 2 directors appointed, 1 resigning
- NV Waterloo Investments, Bestuurder
- Katleen Van Den Broeck, Vaste vertegenwoordiger
- Roelandt Dominic, Vaste vertegenwoordiger
Summary:
v3.2
Technical details
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}2023
04-04-2023 Articles of association amended
Summary:
v3.2
Technical details
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}24-01-2023 Articles of association amended
Summary:
v3.2
Technical details
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}2020
23-09-2020 Articles of association amended
Summary:
v3.2
Technical details
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}21-01-2020 Change in the board of directors
Summary:
v3.2
Technical details
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}20-01-2020 2 directors appointed, 4 resigning
- Build 4 U NV, Bestuurder
- K-Invest BVBA, Bestuurder
- Richard Lowes, Bestuurder
- Derek Heathwood, Bestuurder
- Morgan Jones, Bestuurder
- Janine McDonald, Bestuurder
Summary:
v3.2
Technical details
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},
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}2019
11-12-2019 Ben Vandeweyer appointed as statutory auditor
- Ben Vandeweyer, Commissaris
Summary:
v3.2
Technical details
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}18-03-2019 3 directors appointed
- Morgan Jones, Zaakvoerder
- Richard Lowes, Zaakvoerder
- Janine Anne Mc Donald, Zaakvoerder
Summary:
v3.2
Technical details
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}
}2017
22-11-2017 1 director appointed, 1 resigning
- Derek Kevin Heathwood, Zaakvoerder
- Paul Rodger, Zaakvoerder
Summary:
v3.2
Technical details
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}28-03-2017 2 directors appointed, 2 resigning
- Youri Van Der Zwalmen, Gevolmachtigde
- Siham Rahmuni, Gevolmachtigde
- Sonny Catelin, Gevolmachtigde
- Stefanie Smits, Gevolmachtigde
Summary:
v3.2
Technical details
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}
}2016
16-02-2016 Kathleen De Brabander appointed as statutory auditor
- Kathleen De Brabander, Commissaris
Summary:
v3.2
Technical details
{
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}2015
30-12-2015 1 director appointed, 1 resigning
- Paul Rodger, Zaakvoerder
- Derek Heathwood, Zaakvoerder
Summary:
v3.2
Technical details
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}02-02-2015 Articles of association amended
Summary:
v3.2
Technical details
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"name_full": "ARMAN B01"
},
"legal_form_change": {
"new": "besloten vennootschap met beperkte aansprakelijkheid",
"old": "besloten vennootschap met beperkte aansprakelijkheid",
"changed": false
}
}Credit advice
Company registry (CBE)
Activities
Bemiddeling in verband met exploitatie van en handel in onroerend goed68310Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis68311Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed70311
Primary activity highlighted.
Names & trade names
| Legal nameNL | ARMAN BO1 |
Registered office
Korte Zoutstraat 45
9300 Aalst, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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