ACTIVE

ARMSTRONG INTERNATIONAL

Financial year 2025 · Closed on 31/05/2025

Net result1,6 M €+28,5 %over 1 year
Revenue30,5 M €+8,7 %over 1 year
Equity23,9 M €+7,1 %over 1 year
Workforce90,9 ETP+4,8 %over 1 year

Identity

Source · BCE/KBO

ARMSTRONG INTERNATIONAL is a Public limited company incorporated in 1969. Its main activity is: Manufacture of other fabricated metal products n.e.c.. Its registered office is in Herstal. It employs on average 90,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0406.771.775
Incorporation
14/05/1969
Legal form
Public limited company
Registered office
Parc Ind. des Hauts Sarts, 2e av 4
4040 Herstal · Wallonie
Contributed capital
124 000,00 €
Latest accounts
31/05/2025
Average workforce
90,9 ETP
Joint committees (2)
  • 111
  • 209
Contacts
3 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue30,5 M €28 M €29,1 M €23,8 M €23,4 M €
EBITDA2,6 M €2,1 M €3,3 M €2,7 M €2,6 M €
Operating result2,1 M €1,6 M €2,7 M €2,1 M €1,9 M €
Net result1,6 M €1,2 M €2,2 M €1,2 M €1,3 M €
Balance sheet
Equity23,9 M €22,3 M €21,1 M €18,9 M €17,7 M €
Total assets37,9 M €35,3 M €33,4 M €32,5 M €30,6 M €
Cash4,4 M €3,4 M €2,4 M €3,9 M €4,1 M €
Debts13,5 M €12,3 M €12 M €13,1 M €12,7 M €
Other
Workforce90,9 ETP86,7 ETP85,0 ETP84,4 ETP80,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/05/2025

4 active · 35 ended

Active mandates

R.IV. CONSULTING

Managing director · since 07 janvier 2025 · until 06 janvier 2028 · 0639.810.317

Represented by Rossen IVANOV

Active
Valérie CERVELIN

Managing director · since 07 janvier 2025 · until 06 janvier 2028

Active
Kurt ARMSTRONG

Director · since 01 juillet 2023 · until 28 septembre 2028

Active
Ryan BLOSS

Director · since 01 juillet 2023 · until 28 septembre 2028

Active

Ended mandates

Kurt ARMSTRONG

Director · since 01 juillet 2023 · until 26 septembre 2028

Ended
Ryan BLOSS

Director · since 01 juillet 2023 · until 26 septembre 2028

Ended
R.IV. CONSULTING

Managing director · since 07 janvier 2022 · until 06 janvier 2025 · 0639.810.317

Represented by Rossen IVANOV

Ended
Valérie CERVELIN

Managing director · since 07 janvier 2022 · until 06 janvier 2025

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/06/202401/06/202301/06/202201/06/202101/06/202001/06/2019
Closing of the financial year31/05/202531/05/202431/05/202331/05/202231/05/202131/05/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/11/202528/10/202416/10/202314/10/202219/10/202125/09/2020
General meeting31/10/202517/10/202426/09/202327/09/202228/09/202122/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/05/202531/10/202517/11/2025FrenchPDF
Consolidated accounts31/05/202531/10/202517/11/2025FrenchPDF
Full model31/05/202417/10/202428/10/2024FrenchPDF
Consolidated accounts31/05/202417/10/202428/10/2024FrenchPDF
Full model31/05/202326/09/202316/10/2023FrenchPDF
Full model31/05/202227/09/202214/10/2022FrenchPDF
Full model31/05/202128/09/202119/10/2021FrenchPDF
Full model31/05/202022/09/202025/09/2020FrenchPDF
Full model31/05/201924/09/201921/10/2019FrenchPDF
Full model31/05/201825/09/201805/11/2018FrenchPDF
Full model31/05/201726/09/201717/10/2017FrenchPDF
Full model31/05/201627/09/201631/10/2016FrenchPDF
Full model31/05/201522/09/201518/12/2015FrenchPDF
Full model31/05/201423/09/201406/11/2014FrenchPDF
Full model31/05/201324/09/201317/10/2013FrenchPDF
Full model31/05/201225/09/201205/12/2012FrenchPDF
Full model31/05/201127/09/201108/11/2011FrenchPDF
Full model31/05/201028/09/201025/10/2010FrenchPDF
Full model31/05/200922/09/200901/10/2009FrenchPDF
Full model31/05/200823/09/200812/11/2008FrenchPDF
Full model31/05/200725/09/200716/10/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/05/2025

4 active · 35 ended

Active mandates

R.IV. CONSULTING

Managing director · since 07 janvier 2025 · until 06 janvier 2028 · 0639.810.317

Represented by Rossen IVANOV

Active
Valérie CERVELIN

Managing director · since 07 janvier 2025 · until 06 janvier 2028

Active
Kurt ARMSTRONG

Director · since 01 juillet 2023 · until 28 septembre 2028

Active
Ryan BLOSS

Director · since 01 juillet 2023 · until 28 septembre 2028

Active

Ended mandates

Kurt ARMSTRONG

Director · since 01 juillet 2023 · until 26 septembre 2028

Ended
Ryan BLOSS

Director · since 01 juillet 2023 · until 26 septembre 2028

Ended
R.IV. CONSULTING

Managing director · since 07 janvier 2022 · until 06 janvier 2025 · 0639.810.317

Represented by Rossen IVANOV

Ended
Valérie CERVELIN

Managing director · since 07 janvier 2022 · until 06 janvier 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates23/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/11/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Other04/05/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates17/02/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/07/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/03/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/03/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/06/2018
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,6 M €↑
  2. 2024
    Annual accounts 20241,2 M €↓
  3. 2023
    Annual accounts 20232,2 M €↑
  4. 2022
    Annual accounts 20221,2 M €↓
  5. 2021
    Annual accounts 20211,3 M €↑
  6. 2020
    Annual accounts 2020129,7 k €↓
  7. 2019
    Annual accounts 20191,3 M €↓
  8. 2018
    Annual accounts 20181,6 M €↑
  9. 2017
    Annual accounts 2017868,1 k €↑
  10. 2016
    Annual accounts 2016257,1 k €↓
  11. 2015
    Annual accounts 2015862 k €↑
  12. 2014
    Annual accounts 2014857,9 k €↑
  13. 2013
    Annual accounts 2013729,5 k €↓
  14. 2012
    Annual accounts 20121,4 M €↓
  15. 2011
    Annual accounts 20111,6 M €↑
  16. 2010
    Annual accounts 2010182,1 k €↓
  17. 2009
    Annual accounts 2009928,2 k €↓
  18. 2008
    Annual accounts 20081,9 M €↑
  19. 2007
    Annual accounts 20071,1 M €
  20. 14/05/1969
    IncorporationPublic limited company