ACTIVE

ARMA

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Financial year 2025 · closed on 31/12/2025

Net result

811,4 k €

+44.3% YoY

Revenue

13,5 M €

+6.4% YoY

Equity

16,9 M €

+6.1% YoY

Workforce

30,0 ETP

+5.6% YoY

What does ARMA do?

ARMA is a Public limited company incorporated in 1983. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Messancy. It employs on average 30,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.980.367

Incorporation

14/04/1983

Legal form

Public limited company

Registered office

Rue des Ardennes,Wolkrange 89
6780 Messancy · WallonieSee on map

Contributed capital

500 000,00 €

Latest accounts

31/12/2025

Average workforce

30,0 ETP

Activities (NACE)

46731Wholesale of wood, construction materials and sanitary equipment· main 46831Wholesale trade, except of motor vehicles and motorcycles 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 51532Air transport 52461Warehousing and support activities for transportation+3

Joint committees (5)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	13,5 M €	+6.4%	12,7 M €	-2.4%	13 M €	-3.5%	13,5 M €	-5.5%	14,3 M €	+13.4%	12,6 M €	+12.5%	11,2 M €	+0.9%	11,1 M €	+4.6%	10,6 M €	-4.5%	11,1 M €	-2.9%	11,4 M €	-4.6%	12 M €	-1.7%	12,2 M €	+0.5%	12,1 M €	+2.3%	11,9 M €	+10.9%	10,7 M €	+6.6%	10 M €	+6.5%	9,4 M €	-5.6%	10 M €	+28.4%	7,8 M €
EBITDA	1,3 M €	+68.1%	765,2 k €	-7.0%	822,4 k €	-14.9%	966,1 k €	-50.1%	1,9 M €	+66.6%	1,2 M €	+45.4%	799,4 k €	+1.4%	788,7 k €	+15.1%	685,1 k €	-4.5%	717,5 k €	-19.6%	892,8 k €	-10.5%	998 k €	-29.3%	1,4 M €	+13.9%	1,2 M €	-19.0%	1,5 M €	+19.5%	1,3 M €	+15.7%	1,1 M €	-12.4%	1,3 M €	-7.8%	1,4 M €	+65.4%	828,9 k €
Operating result	982,3 k €	+93.3%	508,3 k €	+5.0%	484,1 k €	-19.3%	599,8 k €	-61.0%	1,5 M €	+92.9%	796,3 k €	+79.6%	443,3 k €	+6.2%	417,4 k €	+17.9%	353,9 k €	+23.3%	287 k €	-26.2%	388,7 k €	-37.3%	620,2 k €	-37.6%	994,2 k €	+0.3%	991,3 k €	+1.3%	978,4 k €	+7.6%	909 k €	+48.9%	610,7 k €	-12.8%	700,5 k €	-25.4%	939,6 k €	+54.3%	609,1 k €
Net result	811,4 k €	+44.3%	562,3 k €	-8.4%	614,1 k €	-19.4%	762,3 k €	-50.5%	1,5 M €	+125%	684,2 k €	+2.6%	666,9 k €	+30.0%	512,8 k €	+70.2%	301,3 k €	+12.7%	267,5 k €	-59.8%	665,8 k €	+20.4%	553,2 k €	+5.4%	524,9 k €	-18.5%	643,9 k €	-28.9%	905,3 k €	+3.6%	873,8 k €	+28.1%	682,4 k €	+3.8%	657,4 k €	-4.1%	685,3 k €	+58.5%	432,4 k €
Balance sheet
Equity	16,9 M €	+6.1%	15,9 M €	+1.7%	15,7 M €	-1.7%	15,9 M €	+2.8%	15,5 M €	+11.8%	13,9 M €	+5.8%	13,1 M €	+7.1%	12,2 M €	+2.7%	11,9 M €	+3.0%	11,6 M €	+1.0%	11,4 M €	+4.4%	11 M €	+1.3%	10,8 M €	+6.8%	10,1 M €	+9.8%	9,2 M €	+13.4%	8,1 M €	+16.8%	7 M €	+14.1%	6,1 M €	+17.6%	5,2 M €	+21.0%	4,3 M €
Total assets	19 M €	+9.3%	17,4 M €	-0.3%	17,4 M €	-3.6%	18,1 M €	+4.1%	17,4 M €	+8.5%	16 M €	-6.1%	17 M €	+3.1%	16,5 M €	+1.9%	16,2 M €	+0.2%	16,2 M €	-4.1%	16,9 M €	+2.0%	16,5 M €	+7.4%	15,4 M €	+3.7%	14,8 M €	+2.8%	14,4 M €	+13.6%	12,7 M €	+7.4%	11,8 M €	+3.0%	11,5 M €	+6.1%	10,8 M €	+23.8%	8,8 M €
Cash	573,9 k €	-56.3%	1,3 M €	-27.4%	1,8 M €	-36.0%	2,8 M €	+40.9%	2 M €	+526%	320,5 k €	-19.2%	396,7 k €	+116%	183,4 k €	-19.9%	229,1 k €	+106%	111,4 k €	+17.5%	94,8 k €	-37.9%	152,7 k €	-49.6%	303,2 k €	+40.2%	216,3 k €	-26.1%	292,7 k €	+230%	88,7 k €	-49.3%	175 k €	+123%	78,5 k €	+26.4%	62,2 k €	-7.7%	67,4 k €
Debts	1,9 M €	+51.3%	1,3 M €	-20.3%	1,6 M €	-19.5%	2 M €	+17.0%	1,7 M €	-21.2%	2,1 M €	-45.6%	3,9 M €	-8.0%	4,3 M €	-0.2%	4,3 M €	-6.7%	4,6 M €	-9.7%	5,1 M €	-8.4%	5,5 M €	+22.3%	4,5 M €	-2.9%	4,7 M €	-9.5%	5,2 M €	+13.7%	4,5 M €	-6.1%	4,8 M €	-9.5%	5,3 M €	-4.8%	5,6 M €	+26.5%	4,4 M €
Other
Workforce	30,0 ETP	+5.6%	28,4 ETP	+2.5%	27,7 ETP	-8.6%	30,3 ETP	-1.0%	30,6 ETP	+0.7%	30,4 ETP	-3.5%	31,5 ETP	-2.8%	32,4 ETP	-1.5%	32,9 ETP	+2.2%	32,2 ETP	-3.6%	33,4 ETP	+1.2%	33,0 ETP	+2.8%	32,1 ETP	+0.9%	31,8 ETP	+1.3%	31,4 ETP	+17.6%	26,7 ETP	-1.8%	27,2 ETP	+18.3%	23,0 ETP	+10.6%	20,8 ETP	+29.2%	16,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

MICHEL FAUCONNIER

Managing director · until 31 mai 2025

Active

Ended mandates

CHRISTOPHE JOHN

Director · since 20 décembre 2015

Ended

JEAN DESCHEEMAEKER

Chairman of the board of directors · since 25 juin 2013 · until 25 juin 2019

Ended

MICHEL FAUCONNIER

Managing director · since 25 juin 2013 · until 25 juin 2019

Ended

ROLAND DAL MOLIN

Director · since 25 juin 2013 · until 25 juin 2019

Ended

At this address

Other companies at this address

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FMC Immo● Active	0682.882.275
FRAVIR● Active	0829.512.326
PROMACO● Active	0452.311.592
PROMAZINC● Active	0652.973.712

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	11/08/2025	29/08/2024	29/09/2023	15/09/2022	18/08/2021
General meeting	31/08/2026	08/07/2025	29/08/2024	25/09/2023	23/08/2022	10/08/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	31/08/2026	31/08/2026	French	PDF
Full model	31/12/2024	08/07/2025	11/08/2025	French	PDF
Full model	31/12/2023	29/08/2024	29/08/2024	French	PDF
Full model	31/12/2022	25/09/2023	29/09/2023	French	PDF
Full model	31/12/2021	23/08/2022	15/09/2022	French	PDF
Full model	31/12/2020	10/08/2021	18/08/2021	French	PDF
Full model	31/12/2019	30/09/2020	28/10/2020	French	PDF
Full model	31/12/2018	28/08/2019	29/08/2019	French	PDF
Full model	31/12/2017	31/07/2018	09/08/2018	French	PDF
Full model	31/12/2016	28/08/2017	31/08/2017	French	PDF
Full model	31/12/2015	26/08/2016	30/08/2016	French	PDF
Full model	31/12/2014	24/08/2015	10/09/2015	French	PDF
Full model	31/12/2013	25/06/2014	24/07/2014	French	PDF
Full model	31/12/2012	14/06/2013	02/07/2013	French	PDF
Full model	31/12/2011	26/06/2012	29/06/2012	French	PDF
Full model	31/12/2010	23/06/2011	24/06/2011	French	PDF
Full model	31/12/2009	09/07/2010	09/07/2010	French	PDF
Full model	31/12/2008	22/07/2009	24/07/2009	French	PDF
Full model	31/12/2007	20/06/2008	11/07/2008	French	PDF
Full model	31/12/2006	29/06/2007	26/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

MICHEL FAUCONNIER

Managing director · until 31 mai 2025

Active

Ended mandates

CHRISTOPHE JOHN

Director · since 20 décembre 2015

Ended

JEAN DESCHEEMAEKER

Chairman of the board of directors · since 25 juin 2013 · until 25 juin 2019

Ended

MICHEL FAUCONNIER

Managing director · since 25 juin 2013 · until 25 juin 2019

Ended

ROLAND DAL MOLIN

Director · since 25 juin 2013 · until 25 juin 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/02/2026
DEMISSIONS, NOMINATIONS
PDF
Other23/01/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/04/2025
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates02/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates28/02/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates04/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates17/05/2016
DEMISSIONS, NOMINATIONS
PDF
Other03/11/2015
DIVERS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025811,4 k €↑
2024
Annual accounts 2024562,3 k €↓
2023
Annual accounts 2023614,1 k €↓
2022
Annual accounts 2022762,3 k €↓
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 2020684,2 k €↑
2019
Annual accounts 2019666,9 k €↑
2018
Annual accounts 2018512,8 k €↑
2017
Annual accounts 2017301,3 k €↑
2016
Annual accounts 2016267,5 k €↓
2015
Annual accounts 2015665,8 k €↑
2014
Annual accounts 2014553,2 k €↑
2013
Annual accounts 2013524,9 k €↓
2012
Annual accounts 2012643,9 k €↓
2011
Annual accounts 2011905,3 k €↑
2010
Annual accounts 2010873,8 k €↑
2009
Annual accounts 2009682,4 k €↑
2008
Annual accounts 2008657,4 k €↓
2007
Annual accounts 2007685,3 k €↑
2006
Annual accounts 2006432,4 k €
14/04/1983
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ARMA

Overview

What does ARMA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline