ACTIVE

Army Recognition Group

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Financial year 2024 · closed on 31/12/2024
Net result
2,6 k €
+118.7% YoY
Gross margin
394,8 k €
+69.2% YoY
Equity
48,4 k €
-17.7% YoY

What does Army Recognition Group do?

Army Recognition Group is a Private company with limited liability incorporated in 2017. Its main activity is: Publishing of newspapers. Its registered office is in Andenne.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0686.851.060
Incorporation
27/12/2017
Legal form
Private company with limited liability
Registered office
Promenade des Ours 11
5300 Andenne · WallonieSee on map
Contributed capital
30 000,00 €
Latest accounts
31/12/2024
Activities (NACE)
58130Publishing of newspapers· main58140Publishing of journals and periodicals73200Market research and public opinion polling73200Market research and public opinion polling46491Wholesale of other household goods46491Wholesale of other household goods+4
Joint committees (1)
  • 200
Contacts
3 public details availableLog in to view
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2024202320222021202020192018
Income statement
Gross margin394,8 k €233,3 k €308,9 k €226,4 k €135,1 k €250 k €431,7 k €
EBITDA33,7 k €18,3 k €130,6 k €19,6 k €-41,9 k €-2,4 k €102,2 k €
Operating result-1,6 k €-16,3 k €98,2 k €-13,7 k €-76,6 k €-30,3 k €69,1 k €
Net result2,6 k €-13,7 k €84,9 k €-24,1 k €-85,8 k €-31,7 k €44,6 k €
Balance sheet
Equity48,4 k €58,8 k €17,9 k €-67 k €-42,9 k €42,9 k €74,6 k €
Total assets516,6 k €533,4 k €640,5 k €571,4 k €633,6 k €623,8 k €352 k €
Cash6,3 k €9,8 k €–28,4 k €–15,5 k €47,8 k €
Debts468 k €474,6 k €622,5 k €638,4 k €674,4 k €580,9 k €277,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 1 ended

Active mandates

Alain Servaes

Director

Active

Ended mandates

Alain Servaes

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
International Digital Defense Equipment Agency● Active
0795.318.242
Annual accounts

Full financial information

202420232022202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date30/09/202518/10/202429/08/202331/08/202231/08/202102/11/2020
General meeting30/05/202531/05/202426/05/202327/05/202228/05/202129/05/2020
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202430/05/202530/09/2025FrenchPDF
Micro model31/12/202331/05/202418/10/2024FrenchPDF
Micro model31/12/202226/05/202329/08/2023FrenchPDF
Micro model31/12/202127/05/202231/08/2022FrenchPDF
Micro model31/12/202028/05/202131/08/2021FrenchPDF
Micro model31/12/201929/05/202002/11/2020FrenchPDF
Micro model31/12/201831/05/201913/11/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2024 · 1 active · 1 ended

Active mandates

Alain Servaes

Director

Active

Ended mandates

Alain Servaes

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office13/08/2020
    SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
    PDF
  • Other29/12/2017
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 20242,6 k €↑
  2. 2023
    Annual accounts 2023-13,7 k €↓
  3. 2022
    Annual accounts 202284,9 k €↑
  4. 2021
    Annual accounts 2021-24,1 k €↑
  5. 2020
    Annual accounts 2020-85,8 k €↓
  6. 2019
    Annual accounts 2019-31,7 k €↓
  7. 2018
    Annual accounts 201844,6 k €
  8. 27/12/2017
    IncorporationPrivate company with limited liability