ACTIVE

ARMADA

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Financial year 2026 · closed on 31/05/2026

Net result

95 k €

-2.2% YoY

Gross margin

168,1 k €

+0.4% YoY

Equity

414,2 k €

-12.0% YoY

What does ARMADA do?

ARMADA is a Public limited company incorporated in 2000. Its main activity is: Computer programming activities. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.355.464

Incorporation

03/03/2000

Legal form

Public limited company

Registered office

Witteduivenhof 37
8300 Knokke-Heist · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/05/2026

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	168,1 k €	+0.4%	167,4 k €	+8.0%	155 k €	+30.5%	118,8 k €	+8.6%	109,3 k €	+9.3%	100,1 k €	+15.5%	86,6 k €	+16.5%	74,3 k €	+238%	22 k €	+27.2%	17,3 k €	-27.6%	23,9 k €	-37.5%	38,3 k €	+93.9%	19,7 k €	+16.0%	17 k €	-1.0%	17,2 k €	+14.2%	15 k €	+10.6%	13,6 k €	+55.9%	8,7 k €	-50.0%	17,4 k €	+67.6%	10,4 k €
EBITDA	166,8 k €	+0.2%	166,5 k €	+8.1%	154 k €	+30.9%	117,7 k €	+8.8%	108,1 k €	+9.2%	99 k €	+16.0%	85,3 k €	+17.8%	72,4 k €	+245%	21 k €	+33.7%	15,7 k €	-30.3%	22,5 k €	-39.0%	36,9 k €	+103%	18,2 k €	+20.3%	15,1 k €	-0.4%	15,2 k €	+24.6%	12,2 k €	-3.5%	12,6 k €	+74.6%	7,2 k €	-55.0%	16,1 k €	+76.4%	9,1 k €
Operating result	138,4 k €	+0.2%	138,1 k €	+3.6%	133,3 k €	+41.3%	94,4 k €	+6.2%	88,8 k €	+0.4%	88,5 k €	+31.1%	67,5 k €	+22.9%	54,9 k €	+347%	12,3 k €	+87.1%	6,6 k €	-50.2%	13,2 k €	-49.2%	25,9 k €	+250%	7,4 k €	+79.1%	4,1 k €	+1.4%	4,1 k €	+879%	415,4 €	-96.0%	10,5 k €	+116%	4,8 k €	-67.9%	15,1 k €	+183%	5,3 k €
Net result	95 k €	-2.2%	97,2 k €	+6.3%	91,4 k €	+53.7%	59,5 k €	+5.3%	56,5 k €	+2.1%	55,3 k €	+35.0%	41 k €	+40.1%	29,2 k €	+643%	3,9 k €	+291%	1 k €	-79.5%	4,9 k €	-57.2%	11,5 k €	+554%	1,8 k €	+415%	-557,2 €	-145%	1,2 k €	+146%	497,6 €	-94.2%	8,6 k €	+75.0%	4,9 k €	-58.9%	12 k €	+34.6%	8,9 k €
Balance sheet
Equity	414,2 k €	-12.0%	470,5 k €	+16.2%	404,8 k €	+21.8%	332,4 k €	+21.8%	272,9 k €	+26.1%	216,5 k €	+34.3%	161,2 k €	+34.1%	120,2 k €	+32.1%	91 k €	+4.5%	87 k €	+1.2%	86 k €	+6.1%	81,1 k €	+16.5%	69,6 k €	+2.6%	67,9 k €	-0.8%	68,4 k €	-34.3%	104,2 k €	+0.5%	103,7 k €	+9.0%	95,1 k €	+5.5%	90,2 k €	+15.3%	78,2 k €
Total assets	594,8 k €	-5.4%	628,7 k €	+5.4%	596,5 k €	+20.4%	495,3 k €	+11.1%	445,7 k €	+11.8%	398,6 k €	+22.7%	324,8 k €	+33.1%	244 k €	+16.8%	209 k €	+3.6%	201,7 k €	+6.7%	189 k €	+15.7%	163,4 k €	+7.7%	151,8 k €	+19.9%	126,6 k €	+49.0%	85 k €	-25.6%	114,2 k €	+4.1%	109,7 k €	+8.0%	101,6 k €	-7.6%	110 k €	+18.9%	92,5 k €
Cash	69,5 k €	-22.2%	89,3 k €	-38.2%	144,5 k €	-64.1%	402,2 k €	+22.8%	327,5 k €	+4.2%	314,4 k €	+40.5%	223,8 k €	+58.3%	141,4 k €	-2.2%	144,6 k €	+16.0%	124,7 k €	+39.2%	89,6 k €	-22.3%	115,2 k €	+29.7%	88,9 k €	+7.4%	82,7 k €	+341%	18,8 k €	-56.5%	43,2 k €	-52.9%	91,7 k €	+76.3%	52 k €	-8.3%	56,8 k €	+199%	19 k €
Debts	158,7 k €	+6.9%	148,4 k €	-18.4%	181,9 k €	+18.6%	153,3 k €	+6.1%	144,4 k €	-5.7%	153,2 k €	+13.4%	135,1 k €	+32.5%	102 k €	+4.8%	97,3 k €	+2.9%	94,5 k €	-3.7%	98,1 k €	+25.4%	78,3 k €	+0.3%	78 k €	+36.4%	57,2 k €	+245%	16,6 k €	+64.9%	10 k €	+77.2%	5,7 k €	-12.8%	6,5 k €	-67.2%	19,8 k €	+38.4%	14,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/05/2026 · 2 active · 14 ended

Active mandates

Filip Mortier

Managing director · since 01 septembre 2023 · until 07 septembre 2029

Active

Peter Mortier

Director · since 01 septembre 2023 · until 07 septembre 2029

Active

Ended mandates

Filip Mortier

Managing director · since 01 septembre 2023 · until 31 août 2029

Ended

Peter Mortier

Director · since 01 septembre 2023 · until 31 août 2029

Ended

Filip Mortier

Managing director · since 01 septembre 2017 · until 01 septembre 2023

Ended

Peter Mortier

Mandate · since 01 septembre 2017 · until 01 septembre 2023

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/06/2025	01/06/2024	01/06/2023	01/06/2022	01/06/2021	01/06/2020
Closing of the financial year	31/05/2026	31/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/09/2026	19/09/2025	05/10/2024	13/10/2023	20/09/2022	21/09/2021
General meeting	04/09/2026	05/09/2025	06/09/2024	22/09/2023	02/09/2022	03/09/2021
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
Micro model	31/05/2026	04/09/2026	17/09/2026	Dutch	PDF
Micro model	31/05/2025	05/09/2025	19/09/2025	Dutch	PDF
Micro model	31/05/2024	06/09/2024	05/10/2024	Dutch	PDF
Micro model	31/05/2023	22/09/2023	13/10/2023	Dutch	PDF
Micro model	31/05/2022	02/09/2022	20/09/2022	Dutch	PDF
Micro model	31/05/2021	03/09/2021	21/09/2021	Dutch	PDF
Micro model	31/05/2020	04/09/2020	28/09/2020	Dutch	PDF
Micro model	31/05/2019	06/09/2019	12/09/2019	Dutch	PDF
Micro model	31/05/2018	17/09/2018	15/10/2018	Dutch	PDF
Micro model	31/05/2017	30/09/2017	30/10/2017	Dutch	PDF
Abridged model	31/05/2016	02/09/2016	22/09/2016	Dutch	PDF
Abridged model	31/05/2015	04/09/2015	23/09/2015	Dutch	PDF
Abridged model	31/05/2014	05/09/2014	02/10/2014	Dutch	PDF
Abridged model	31/05/2013	06/09/2013	11/09/2013	Dutch	PDF
Abridged model	31/05/2012	07/09/2012	04/10/2012	Dutch	PDF
Abridged model	31/05/2011	02/09/2011	26/09/2011	Dutch	PDF
Abridged model	31/05/2010	03/09/2010	30/09/2010	Dutch	PDF
Abridged model	31/05/2009	04/09/2009	11/09/2009	Dutch	PDF
Abridged model	31/05/2008	05/09/2008	26/09/2008	Dutch	PDF
Abridged model	31/05/2007	07/09/2007	02/10/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/05/2026 · 2 active · 14 ended

Active mandates

Filip Mortier

Managing director · since 01 septembre 2023 · until 07 septembre 2029

Active

Peter Mortier

Director · since 01 septembre 2023 · until 07 septembre 2029

Active

Ended mandates

Filip Mortier

Managing director · since 01 septembre 2023 · until 31 août 2029

Ended

Peter Mortier

Director · since 01 septembre 2023 · until 31 août 2029

Ended

Filip Mortier

Managing director · since 01 septembre 2017 · until 01 septembre 2023

Ended

Peter Mortier

Mandate · since 01 septembre 2017 · until 01 septembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/10/2023
DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/08/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/05/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/08/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/10/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2005
ONTSLAGEN - BENOEMINGEN
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

2026
Annual accounts 202695 k €↓
2025
Annual accounts 202597,2 k €↑
2024
Annual accounts 202491,4 k €↑
2023
Annual accounts 202359,5 k €↑
2022
Annual accounts 202256,5 k €↑
2021
Annual accounts 202155,3 k €↑
2020
Annual accounts 202041 k €↑
2019
Annual accounts 201929,2 k €↑
2018
Annual accounts 20183,9 k €↑
2017
Annual accounts 20171 k €↓
2016
Annual accounts 20164,9 k €↓
2015
Annual accounts 201511,5 k €↑
2014
Annual accounts 20141,8 k €↑
2013
Annual accounts 2013-557,2 €↓
2012
Annual accounts 20121,2 k €↑
2011
Annual accounts 2011497,6 €↓
2010
Annual accounts 20108,6 k €↑
2009
Annual accounts 20094,9 k €↓
2008
Annual accounts 200812 k €↑
2007
Annual accounts 20078,9 k €
03/03/2000
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

ARMADA

Overview

What does ARMADA do?

Trend over 20 financial years

Indicative valuation

Board of directors

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