ACTIVE

AARM

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Financial year 2024 · closed on 31/12/2024
Net result
658,3 k €
-39.1% YoY
Gross margin
789,2 k €
-56.8% YoY
Equity
5,8 M €
+8.0% YoY
Workforce
1,0 ETP
-80.0% YoY

What does AARM do?

AARM is a Private company with limited liability incorporated in 2015. Its main activity is: Retail sale of second-hand goods in stores. Its registered office is in Brugge. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0568.546.989
Incorporation
09/01/2015
Legal form
Private company with limited liability
Registered office
Genthof 9
8000 Brugge · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2024
Average workforce
1,0 ETP
Activities (NACE)
47791Retail sale of second-hand goods in stores· main47791Retail sale of second-hand goods in stores47120Retail sale in non-specialised stores47690Retail sale of cultural and recreation goods in specialised stores47787Other retail sale of new goods in specialised stores47793Retail sale of second-hand goods in stores+2
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2024202320222021202020192018201720162015
Income statement
Gross margin789,2 k €1,8 M €959,3 k €1,8 M €1,4 M €1 M €1,2 M €1 M €425,4 k €380,8 k €
EBITDA684,3 k €1,5 M €720,4 k €1,7 M €1,3 M €874,4 k €1,1 M €908 k €339,5 k €348,9 k €
Operating result616,6 k €1,5 M €652,3 k €1,6 M €1,2 M €821,4 k €1 M €861,9 k €292,1 k €222,4 k €
Net result658,3 k €1,1 M €480,1 k €1,2 M €901,3 k €577 k €726,9 k €542,3 k €171,5 k €137,2 k €
Balance sheet
Equity5,8 M €5,4 M €4,3 M €3,8 M €2,8 M €2,1 M €1,5 M €829,5 k €307,2 k €145,8 k €
Total assets7,1 M €8,2 M €5,9 M €6,5 M €4,1 M €3,5 M €4,2 M €1,9 M €1,3 M €1,3 M €
Cash291,8 k €1,5 M €32,9 k €1,1 M €663,1 k €693,5 k €1,1 M €484,3 k €177,8 k €151,9 k €
Debts1,2 M €2,8 M €1,5 M €2,7 M €1,2 M €1,4 M €2,7 M €1,1 M €946,8 k €1,1 M €
Other
Workforce1,0 ETP5,0 ETP4,8 ETP3,0 ETP3,1 ETP3,4 ETP2,7 ETP3,5 ETP2,6 ETP1,3 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 31/12/2024 · 1 active

Active mandates

Rob Michiels

Manager

Active
At this address

Other companies at this address

CompanyCBE no.
RM-Auctions● Active
1003.040.178
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/06/202530/09/202425/10/202324/12/202230/10/202131/10/2020
General meeting02/06/202503/06/202409/10/202307/06/202207/06/202130/08/2020
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202402/06/202523/06/2025DutchPDF
Abridged model31/12/202303/06/202430/09/2024DutchPDF
Abridged model31/12/202209/10/202325/10/2023DutchPDF
Abridged model31/12/202107/06/202224/12/2022DutchPDF
Abridged model31/12/202007/06/202130/10/2021DutchPDF
Abridged model31/12/201930/08/202031/10/2020DutchPDF
Abridged model31/12/201803/06/201927/09/2019DutchPDF
Abridged model31/12/201704/06/201802/11/2018DutchPDF
Abridged model31/12/201606/06/201726/10/2017DutchPDF
Abridged model31/12/201506/06/201620/10/2016DutchPDF
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 31/12/2024 · 1 active

Active mandates

Rob Michiels

Manager

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office15/10/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other13/01/2015
    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. 2024
    Annual accounts 2024658,3 k €↓
  2. 2023
    Annual accounts 20231,1 M €↑
  3. 2022
    Annual accounts 2022480,1 k €↓
  4. 2021
    Annual accounts 20211,2 M €↑
  5. 2020
    Annual accounts 2020901,3 k €↑
  6. 2019
    Annual accounts 2019577 k €↓
  7. 2018
    Annual accounts 2018726,9 k €↑
  8. 2017
    Annual accounts 2017542,3 k €↑
  9. 2016
    Annual accounts 2016171,5 k €↑
  10. 2015
    Annual accounts 2015137,2 k €
  11. 09/01/2015
    IncorporationPrivate company with limited liability