ACTIVE

A.S.M.

Financial year 2025 · Closed on 31/12/2025

Net result72,9 k €-47,0 %over 1 year

Gross margin82,7 k €-53,1 %over 1 year

Equity576,2 k €+0,8 %over 1 year

Identity

Source · BCE/KBO

A.S.M. is a Private limited company incorporated in 2003. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Erezée.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0480.356.371
Incorporation: 26/05/2003
Legal form: Private limited company
Registered office: Rue du Pont-d'Erezée, Fisenne 4
6997 Erezée · WallonieSee on map
Contributed capital: 18 600,00 €
Latest accounts: 31/12/2025

Activities (NACE)

25401Manufacture of weapons and ammunition· main 25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy 28401Manufacture of metal forming machinery and machine tools 43350Building completion and finishing 43390Other building completion and finishing 45201Maintenance and repair of motor vehicles+8

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	82,7 k €	-53.1%	176,5 k €	+37.5%	128,4 k €	+88.1%	68,3 k €	-48.9%	133,6 k €
EBITDA	77,7 k €	-54.6%	171,2 k €	+38.8%	123,3 k €	+93.6%	63,7 k €	-50.1%	127,6 k €
Operating result	65,1 k €	-56.4%	149,3 k €	+66.7%	89,6 k €	+287%	23,2 k €	-73.7%	88,2 k €
Net result	72,9 k €	-47.0%	137,7 k €	+54.9%	88,9 k €	+185%	31,2 k €	-63.2%	84,8 k €
Balance sheet
Equity	576,2 k €	+0.8%	571,6 k €	+14.6%	498,9 k €	+5.0%	475 k €	-6.6%	508,8 k €
Total assets	602,8 k €	+2.4%	588,8 k €	+6.1%	555,1 k €	-9.5%	613,1 k €	-5.6%	649,7 k €
Cash	84,7 k €	+25.1%	67,7 k €	+305%	16,7 k €	+2.2%	16,4 k €	-21.0%	20,7 k €
Debts	26,6 k €	+56.7%	17 k €	-69.7%	56 k €	-59.3%	137,7 k €	-2.1%	140,7 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period
Nicole PONSARD	Administrateursince 28/11/2005Manager28/11/2005 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period
NICOLES PONSARD	Manager28/11/2005 → 2008 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	29/06/2026	14/07/2025	24/06/2024	27/06/2023	05/07/2022	23/06/2021
General meeting	26/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	29/06/2026	French	PDF
Micro model	31/12/2024	20/06/2025	14/07/2025	French	PDF
Micro model	31/12/2023	21/06/2024	24/06/2024	French	PDF
Micro model	31/12/2022	16/06/2023	27/06/2023	French	PDF
Micro model	31/12/2021	17/06/2022	05/07/2022	French	PDF
Micro model	31/12/2020	18/06/2021	23/06/2021	French	PDF
Micro model	31/12/2019	19/06/2020	30/06/2020	French	PDF
Micro model	31/12/2018	21/06/2019	21/06/2019	French	PDF
Micro model	31/12/2017	15/06/2018	02/07/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	23/06/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	28/06/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	22/06/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	26/06/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	20/12/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	19/07/2012	French	PDF
Abridged model	31/12/2010	17/06/2011	20/07/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	20/06/2008	22/08/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	13/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period
Nicole PONSARD	Administrateursince 28/11/2005Manager28/11/2005 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period
NICOLES PONSARD	Manager28/11/2005 → 2008 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/07/2025
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates11/09/2008
DEMISSIONS, NOMINATIONS
PDF
Other15/12/2005
Copie qui sera publiée aux annexes du Moniteur belge
PDF
Other05/06/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Nicole PONSARD

NICOLES PONSARD

200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

A.S.M.

Rue du Pont-d'Erezée, Fisenne 4, 6997 Erezée

AdministrateurManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Pont-d'Erezée, Fisenne 4, 6997 ErezéeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00210532

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
A.S.M.Current	accounts 2006 → 2025	Accounts 2025 · 2026-00210532

Events

2025
Annual accounts 202572,9 k €↓
2024
Annual accounts 2024137,7 k €↑
2023
Annual accounts 202388,9 k €↑
2022
Annual accounts 202231,2 k €↓
2021
Annual accounts 202184,8 k €↓
2020
Annual accounts 2020137 k €↑
2019
Annual accounts 2019129,4 k €↑
2018
Annual accounts 2018104,9 k €↑
2017
Annual accounts 201769,7 k €↑
2016
Annual accounts 201667,9 k €↓
2015
Annual accounts 201585,9 k €↓
2014
Annual accounts 2014105,3 k €↓
2013
Annual accounts 2013116,5 k €↑
2012
Annual accounts 2012109 k €↑
2011
Annual accounts 201156,3 k €↑
2010
Annual accounts 201054,5 k €↓
2009
Annual accounts 200986,7 k €↑
2008
Annual accounts 200825,3 k €↓
2007
Annual accounts 200745,3 k €↑
2006
Annual accounts 200623,1 k €
26/05/2003
IncorporationPrivate limited company

A.S.M.

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events