Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 153.7 to 100.5.
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Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ARJEMO from Liège, company number BE0887233957, closed financial year 2025 with a result of € -270,390 after tax. For that financial year ARJEMO recorded revenue of € 7.2 million and equity of € -11 million. Compared with financial year 2024, the result moved from € -667,942 to € -270,390. 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 June 29, 2026.
€ -11 million
▼ € 270,390 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -270,390
▲ 60 % less loss than in 2024
Profit after tax over the fiscal year.
€ 203,184
▼ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -15.7 million.
People and assets in 2025
100.5
▼ 8.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.2 million
▼ 39% vs 2024
€ 61,600 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.
Debts at end 2025
€ 9 million
Loans from banks and other lenders, long and short.
€ 297,664
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 92 days on average.
€ 1.7 million
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,307,829 | € 5,508,993 | € 6,776,198 | € 7,171,481 | ▲ 6% |
| Profit after taxes | € -4,662,611 | € -6,701,529 | € -667,942 | € -270,390 | ▲ € 397,552 |
| Equity | € -3,409,536 | € -10,111,065 | € -10,779,006 | € -11,049,396 | ▼ € 270,390 |
| Total debts | € 5,928,361 | € 7,894,240 | € 12,142,388 | € 12,294,461 | ▲ 1% |
| Cash | € 1,509,430 | € 748,108 | € 279,007 | € 203,184 | ▼ 27% |
| Retained profit | € -8,051,605 | € -14,753,134 | € -15,421,076 | € -15,691,465 | ▼ € 270,390 |
| Bank debt | € 3,000,000 | € 5,000,000 | € 9,000,000 | € 9,000,000 | |
| Balance sheet total | € 2,518,825 | € 1,714,328 | € 1,507,110 | € 1,378,445 | ▼ 9% |
| Employees (FTE) | 165.8 | 153.7 | 109.3 | 100.5 | ▼ 8.8 |
Key figures of ARJEMO, 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 July 2027.
What happened to ARJEMO?
What happened at ARJEMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ARCELORMITTAL stepped down as director. NBB
- SPARAXIS stepped down as director. NBB
- WALLONIE-ENTREPRENDRE stepped down as director. NBB
- Petra VERLODT stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 270,390. Source: NBB ↗
- SPARAXIS became a director. NBB
- Petra VERLODT became a director. NBB
- New establishment in Seraing. KBO
In short
From € 4.7 million loss in 2022 to € 270,390 loss in 2025.
Paid € 3,409 in corporate taxes since 2022.
Pays suppliers within 92 days on average.
A new publication or filing at ARJEMO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Wallonie Entreprendre comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARJEMOThe shares are held by ArcelorMittal Belgium (50%), Wallonie-Entreprendre (50%) and Wallonie Entreprendre (50%).
Directors
According to the 2025 annual accounts
since 2017 · until 2028
Director · represented by Isabelle DEVOS
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +223 more
since 2023 · until 2028
Director · represented by Sébastien DURIEUX
Also active at: Aciéries Somville, FOUNTAIN, T. PALM, PLASTURGIE LAZZERINI, T. PALM MANAGEMENT, HYDRO ECOLO METEO MANAGEMENT INFORMATION SYSTEMS, GALLER HOLDING, JEMCO +7 more
since 2016 · until 2028
Petra VERLODT
Director
since 2022 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Maurice-Destenay 13 box 6eme
4000 Liège
Rue Forges 64
4570 Marchin
Active since 1 March 2014
Chaussée de Ramioul(IVR) 52
4400 Flémalle
Active since 1 March 2014
Rue Ernest-Solvay 533
4000 Liège
Active since 1 March 2014
Rue Gustave Baivy SN
4101 Seraing
Active since 1 March 2014
Rue Sompré SN
4400 Flémalle
Active since 1 March 2014
Quai du Halage(Flh) 10
4400 Flémalle
Active since 1 March 2014
Rue du Bois St-Jean 29
4102 Seraing
Active since 15 February 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
All companies at this address →SOCIETE DE GESTION DU FRI DE LA REGION WALLONNE
€ 14.9 million gross margin · 2025
SPAQuE
€ 10.6 million revenue · 2025
SOGESTIMMO
€ -22,100 gross margin · 2025
B.E. Fin
€ 2.9 million gross margin · 2025
WE Environnement
€ -505,635 gross margin · 2025
+38 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0887.233.957
- VAT number
- BE 0887.233.957
- Registered office
- Avenue Maurice-Destenay 13 bus 6eme, 4000 Liège
- Names & denominations
- ARJEMO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 2007
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Overige vrachtbehandeling, exclusief in zeehavens
Logistieke diensten
Overige vervoerondersteunende activiteiten