Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CONFLICT ARMAMENT RESEARCH from Gent, company number BE0690701267, closed financial year 2025 with a result of € -112,137 after tax. For that financial year CONFLICT ARMAMENT RESEARCH recorded a gross margin of € 332,873 and equity of € -694,949. Compared with financial year 2024, the result moved from € -240,212 to € -112,137. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 2, 2026.
€ -694,949
▼ € 112,137 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -112,137
▲ 53 % less loss than in 2024
Profit after tax over the fiscal year.
€ 748
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -713,549.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 409,611
▲ 3% vs 2024
€ 204,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 17,593
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 86,984
▲ 142% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 91,560
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 666,768 | € 663,335 | - | - | |
| Gross margin | € 298,393 | € 328,291 | € 152,904 | € 332,873 | ▲ 118% |
| Profit after taxes | € -29,390 | € -343,086 | € -240,212 | € -112,137 | ▲ € 128,075 |
| Equity | € 486 | € -342,600 | € -582,811 | € -694,949 | ▼ € 112,137 |
| Total debts | € 498,371 | € 3,033,717 | € 1,202,924 | € 1,088,461 | ▼ 10% |
| Cash | € 322,860 | € 2,237,200 | € 15,056 | € 748 | ▼ 95% |
| Retained profit | € -18,114 | € -361,200 | € -601,411 | € -713,549 | ▼ € 112,137 |
| Balance sheet total | € 498,857 | € 2,691,118 | € 620,113 | € 393,512 | ▼ 37% |
| Employees (FTE) | 2 | 2.3 | 2 | 2 |
Key figures of CONFLICT ARMAMENT RESEARCH, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to CONFLICT ARMAMENT RESEARCH?
What happened at CONFLICT ARMAMENT RESEARCH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 112,137. filed late Source: NBB ↗
- New establishment in Gent. KBO
- James Bevan became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 29,390 loss in 2022 to € 112,137 loss in 2025.
Paid € 5,313 in corporate taxes since 2022.
On average € 166,400 of value added per employee in 2025.
Management
Behind CONFLICT ARMAMENT RESEARCH is James Bevan.
Directors
According to the 2025 annual accounts
James Bevan
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Kleemburg 1
9050 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0690.701.267
- VAT number
- BE 0690.701.267
- Registered office
- Kleemburg 1, 9050 Gent
- Names & denominations
- CONFLICT ARMAMENT RESEARCH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 February 2018
- Peppol
- Active · Active since 20 May 2026
- Activities · NACE
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Overige gespecialiseerde wetenschappelijke en technische activiteiten
Adviesbureaus op het gebied van public relations en communicatie
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering