ACTIVE

ARMSTAR

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Financial year 2025 · closed on 30/06/2025
Net result
15,8 k €
-42.6% YoY
Gross margin
188,2 k €
-2.2% YoY
Equity
130,2 k €
+13.8% YoY
Workforce
2,8 ETP
-22.2% YoY

What does ARMSTAR do?

ARMSTAR is a Private limited company incorporated in 2014. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Sint-Niklaas. It employs on average 2,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0556.698.737
Incorporation
11/07/2014
Legal form
Private limited company
Registered office
Gentse Baan 104
9100 Sint-Niklaas · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/06/2025
Average workforce
2,8 ETP
Activities (NACE)
47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main47112Retail sale in non-specialised stores with food, beverages or tobacco predominating47279Retail sale of food, beverages and tobacco in specialised stores47299Other retail sale of food in specialised stores
Joint committees (1)
  • 201
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Gross margin188,2 k €192,6 k €147,8 k €147,5 k €113 k €94,8 k €72,6 k €41,5 k €27 k €15,5 k €-15,4 k €
EBITDA51,9 k €65,3 k €44,3 k €53,2 k €56,8 k €51,6 k €31,7 k €18,7 k €7,5 k €4,3 k €-34 k €
Operating result44,9 k €59,4 k €32,8 k €39,1 k €41,2 k €35,6 k €14,1 k €9 k €2,1 k €877 €-38,5 k €
Net result15,8 k €27,5 k €19 k €20,9 k €25,3 k €27,9 k €1,9 k €9,3 k €1,8 k €1,4 k €-39,3 k €
Balance sheet
Equity130,2 k €114,4 k €86,9 k €67,9 k €47 k €21,7 k €-6,2 k €-8,1 k €-17,4 k €-19,2 k €-20,7 k €
Total assets474,5 k €357,7 k €289,9 k €276,9 k €246,5 k €234,1 k €217,2 k €181,2 k €84,7 k €52 k €57,9 k €
Cash10,4 k €20,9 k €42 k €19,1 k €11,2 k €4,6 k €2,3 k €110 €5,1 k €4,7 k €9,1 k €
Debts344,3 k €243,3 k €203,1 k €209 k €199,5 k €212,4 k €222,2 k €188,8 k €102,2 k €71,2 k €78,5 k €
Other
Workforce2,8 ETP3,6 ETP2,6 ETP––––––0,9 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2022 · 1 active · 4 ended

Active mandates

Aram TOVMASYAN

Administrator - manager

Active

Ended mandates

Aram TOVMASYAN

Director · since 11 juillet 2014

Ended
Aram TOVMASYAN

Manager · since 11 juillet 2014

Ended
Mikayel KUNJULYAN

Manager · since 11 juillet 2014 · until 27 octobre 2015

Ended
Aram TOVMASYAN

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/01/202631/01/202530/01/202431/01/202331/01/202221/06/2021
General meeting12/12/202513/12/202408/12/202309/12/202210/12/202111/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202512/12/202531/01/2026DutchPDF
Abridged model30/06/202413/12/202431/01/2025DutchPDF
Abridged model30/06/202308/12/202330/01/2024DutchPDF
Micro model30/06/202209/12/202231/01/2023DutchPDF
Micro model30/06/202110/12/202131/01/2022DutchPDF
Micro model30/06/202011/12/202021/06/2021DutchPDF
Micro model30/06/201913/12/201907/09/2020DutchPDF
Micro model30/06/201814/12/201812/04/2019DutchPDF
Micro model30/06/201708/12/201727/02/2018DutchPDF
Abridged model30/06/201609/12/201619/02/2017DutchPDF
Abridged model30/06/201511/12/201531/12/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/06/2022 · 1 active · 4 ended

Active mandates

Aram TOVMASYAN

Administrator - manager

Active

Ended mandates

Aram TOVMASYAN

Director · since 11 juillet 2014

Ended
Aram TOVMASYAN

Manager · since 11 juillet 2014

Ended
Mikayel KUNJULYAN

Manager · since 11 juillet 2014 · until 27 octobre 2015

Ended
Aram TOVMASYAN

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/08/2024
    WIJZIGING RECHTSVORM, ONTSLAGEN, BENOEMINGEN
    PDF
  • Registered office21/11/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates16/12/2015
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other29/07/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202515,8 k €↓
  2. 2024
    Annual accounts 202427,5 k €↑
  3. 2023
    Annual accounts 202319 k €↓
  4. 2022
    Annual accounts 202220,9 k €↓
  5. 2021
    Annual accounts 202125,3 k €↓
  6. 2020
    Annual accounts 202027,9 k €↑
  7. 2019
    Annual accounts 20191,9 k €↓
  8. 2018
    Annual accounts 20189,3 k €↑
  9. 2017
    Annual accounts 20171,8 k €↑
  10. 2016
    Annual accounts 20161,4 k €↑
  11. 2015
    Annual accounts 2015-39,3 k €
  12. 11/07/2014
    IncorporationPrivate limited company