ACTIVE

FULL METAL SERVICES

Financial year 2025 · Closed on 31/12/2025

Net result81,2 k €+2,9 %over 1 year
Gross margin435,1 k €+6,3 %over 1 year
Equity4,6 M €+1,8 %over 1 year

Identity

Source · BCE/KBO

FULL METAL SERVICES is a Public limited company incorporated in 1983. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Braine-l'Alleud.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0424.886.427
Incorporation
07/12/1983
Legal form
Public limited company
Registered office
Avenue de l'Artisanat 12
1420 Braine-l'Alleud · WallonieSee on map
Contributed capital
350 000,00 €
Latest accounts
31/12/2025
Joint committees (2)
  • 111
  • 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin435,1 k €409,3 k €393 k €366,8 k €316,8 k €
EBITDA172,9 k €153,9 k €150,7 k €122,4 k €100 k €
Operating result95 k €73,5 k €69,6 k €41 k €11,6 k €
Net result81,2 k €78,9 k €79,5 k €26,7 k €5,1 k €
Balance sheet
Equity4,6 M €4,5 M €4,4 M €4,4 M €4,3 M €
Total assets4,6 M €4,6 M €4,5 M €4,4 M €4,4 M €
Cash1,7 M €1,6 M €1,6 M €1,5 M €1,5 M €
Debts40,6 k €40,8 k €59,6 k €39,8 k €69,9 k €
Other
Workforce–––––

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 43 ended

Active mandates

Jean-Marie DEVOS

Director · since 23 février 2023 · until 25 avril 2025

Active
Alain DEVOS

Managing director · since 25 avril 2019 · until 25 avril 2025

Active
JEAN DEBRAS

Director · since 25 avril 2019 · until 25 avril 2025

Active
SERGE BASSEM

Director · since 25 avril 2019 · until 25 avril 2025

Active

Ended mandates

MASSANE

Director · since 25 avril 2019 · until 24 avril 2025 · 0471.212.637

Represented by Jean DEBRAS

Ended
MASSANE

Director · since 25 avril 2019 · until 25 avril 2025 · 0471.212.637

Represented by Jean DEBRAS

Ended
MASSANE

Director · since 25 avril 2019 · until 25 avril 2025 · 0471.212.637

Represented by Jean DEBRAS

Ended
MECAMATIC SA SA

Director · since 25 avril 2019 · until 24 avril 2025 · 0421.506.768

Represented by Alain DEVOS

Ended

Other companies at this address

Avenue de l'Artisanat 12 1420 Braine-l'Alleud
CompanyCBE no.
metacentre● Active
0899.420.721

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/05/202622/05/202527/05/202405/07/202317/05/202210/05/2021
General meeting30/04/202624/04/202525/04/202427/04/202328/04/202229/04/2021
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, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/04/202622/05/2026FrenchPDF
Micro model31/12/202424/04/202522/05/2025FrenchPDF
Micro model31/12/202325/04/202427/05/2024FrenchPDF
Micro model31/12/202227/04/202305/07/2023FrenchPDF
Micro model31/12/202128/04/202217/05/2022FrenchPDF
Micro model31/12/202029/04/202110/05/2021FrenchPDF
Micro model31/12/201930/04/202013/05/2020FrenchPDF
Micro model31/12/201825/04/201928/06/2019FrenchPDF
Micro model31/12/201726/04/201808/06/2018FrenchPDF
Abridged model31/12/201627/04/201718/05/2017FrenchPDF
Abridged model31/12/201528/04/201613/05/2016FrenchPDF
Abridged model31/12/201430/04/201501/06/2015FrenchPDF
Abridged model31/12/201324/04/201402/05/2014FrenchPDF
Abridged model31/12/201225/04/201313/05/2013FrenchPDF
Abridged model31/12/201126/04/201221/05/2012FrenchPDF
Abridged model31/12/201028/04/201112/05/2011FrenchPDF
Abridged model31/12/200929/04/201026/05/2010FrenchPDF
Abridged model31/12/200830/04/200908/06/2009FrenchPDF
Abridged model31/12/200724/04/200828/05/2008FrenchPDF
Abridged model31/12/200605/04/200721/05/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025

4 active · 43 ended

Active mandates

Jean-Marie DEVOS

Director · since 23 février 2023 · until 25 avril 2025

Active
Alain DEVOS

Managing director · since 25 avril 2019 · until 25 avril 2025

Active
JEAN DEBRAS

Director · since 25 avril 2019 · until 25 avril 2025

Active
SERGE BASSEM

Director · since 25 avril 2019 · until 25 avril 2025

Active

Ended mandates

MASSANE

Director · since 25 avril 2019 · until 24 avril 2025 · 0471.212.637

Represented by Jean DEBRAS

Ended
MASSANE

Director · since 25 avril 2019 · until 25 avril 2025 · 0471.212.637

Represented by Jean DEBRAS

Ended
MASSANE

Director · since 25 avril 2019 · until 25 avril 2025 · 0471.212.637

Represented by Jean DEBRAS

Ended
MECAMATIC SA SA

Director · since 25 avril 2019 · until 24 avril 2025 · 0421.506.768

Represented by Alain DEVOS

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates03/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/03/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/08/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring22/09/2020
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring29/06/2020
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates12/07/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/09/2013
    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 202581,2 k €↑
  2. 2024
    Annual accounts 202478,9 k €↓
  3. 2023
    Annual accounts 202379,5 k €↑
  4. 2022
    Annual accounts 202226,7 k €↑
  5. 2021
    Annual accounts 20215,1 k €↑
  6. 2020
    Annual accounts 20204,3 k €↓
  7. 2019
    Annual accounts 20199,2 k €↓
  8. 2018
    Annual accounts 2018148,1 k €↑
  9. 2017
    Annual accounts 2017114,5 k €↓
  10. 2016
    Annual accounts 2016128,6 k €↑
  11. 2015
    Annual accounts 201569,4 k €↓
  12. 2014
    Annual accounts 2014150,1 k €↑
  13. 2013
    Annual accounts 2013128,8 k €↑
  14. 2012
    Annual accounts 201232,9 k €↓
  15. 2011
    Annual accounts 2011142,8 k €↑
  16. 2010
    Annual accounts 201073,7 k €↑
  17. 2009
    Annual accounts 200950,2 k €↓
  18. 2008
    Annual accounts 2008179,2 k €↓
  19. 2007
    Annual accounts 2007681,8 k €↑
  20. 2006
    Annual accounts 2006473,4 k €
  21. 07/12/1983
    IncorporationPublic limited company