ACTIVE

ARMACO

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
28,3 k €
-38.4% YoY
Gross margin
83,4 k €
-9.4% YoY
Equity
123,5 k €
+15.2% YoY

What does ARMACO do?

ARMACO is a Private limited company incorporated in 2008. Its main activity is: Activities of holding companies. Its registered office is in Tongeren-Borgloon.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0806.197.979
Incorporation
01/09/2008
Legal form
Private limited company
Registered office
Widooierlinde 14
3700 Tongeren-Borgloon · FlandreSee on map
Latest accounts
31/12/2025
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies46190Agents involved in the sale of a variety of goods46190Agents involved in the sale of a variety of goods68100Buying and selling of own real estate68110Buying and selling of own real estate+4
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin83,4 k €92 k €47,2 k €56,2 k €66,3 k €48 k €31,7 k €7,3 k €23,1 k €27,3 k €17,8 k €-4,4 k €
EBITDA68,5 k €89,5 k €43,6 k €53,5 k €63,1 k €43,7 k €28,2 k €3,6 k €18,5 k €24,8 k €15,9 k €-8,6 k €
Operating result39,9 k €64,5 k €26 k €36,6 k €55,4 k €31,9 k €15,4 k €-9,4 k €2,8 k €10,3 k €1,8 k €-20,2 k €
Net result28,3 k €45,9 k €17,6 k €25 k €39,2 k €20,5 k €10,7 k €-10,6 k €700,6 €7,6 k €378,2 €-21,2 k €
Balance sheet
Equity123,5 k €107,2 k €68,4 k €64,1 k €79 k €39,8 k €19,3 k €8,6 k €19,3 k €18,6 k €10,9 k €10,6 k €
Total assets384 k €208,1 k €177,2 k €141,1 k €167,8 k €86,4 k €73,4 k €77,1 k €98,1 k €78,8 k €75,9 k €51,1 k €
Cash2 k €6,5 k €4,3 k €851,2 €9,6 k €23 k €577,4 €10,1 k €7,2 k €8,2 k €––
Debts260,1 k €100,9 k €108,8 k €77 k €88,7 k €45,8 k €54 k €68,5 k €78,8 k €60,2 k €65 k €40,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Marc Ramaekers

Director · since 08 septembre 2008

Active

Ended mandates

Marc Ramaekers

Director

Ended
Marc Ramaekers

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202604/07/202508/07/202426/06/202315/07/202202/08/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202204/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202505/06/202630/06/2026DutchPDF
Micro model31/12/202406/06/202504/07/2025DutchPDF
Micro model31/12/202307/06/202408/07/2024DutchPDF
Micro model31/12/202202/06/202326/06/2023DutchPDF
Micro model31/12/202103/06/202215/07/2022DutchPDF
Micro model31/12/202004/06/202102/08/2021DutchPDF
Micro model31/12/201921/08/202014/09/2020DutchPDF
Micro model31/12/201828/06/201923/08/2019DutchPDF
Micro model31/12/201729/06/201827/08/2018DutchPDF
Micro model31/12/201630/06/201728/07/2017DutchPDF
Abridged model31/12/201524/06/201629/07/2016DutchPDF
Abridged model31/12/201426/06/201531/07/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 1 active · 2 ended

Active mandates

Marc Ramaekers

Director · since 08 septembre 2008

Active

Ended mandates

Marc Ramaekers

Director

Ended
Marc Ramaekers

Manager

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates16/12/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/12/2014
    BENAMING - DOEL - KAPITAAL - AANDELEN - WIJZIGING RECHTSVORM
    PDF
  • Other16/09/2008
    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 202528,3 k €↓
  2. 2024
    Annual accounts 202445,9 k €↑
  3. 2023
    Annual accounts 202317,6 k €↓
  4. 2022
    Annual accounts 202225 k €↓
  5. 2021
    Annual accounts 202139,2 k €↑
  6. 2020
    Annual accounts 202020,5 k €↑
  7. 2019
    Annual accounts 201910,7 k €↑
  8. 2018
    Annual accounts 2018-10,6 k €↓
  9. 2017
    Annual accounts 2017700,6 €↓
  10. 2016
    Annual accounts 20167,6 k €↑
  11. 2015
    Annual accounts 2015378,2 €↑
  12. 2014
    Annual accounts 2014-21,2 k €
  13. 01/09/2008
    IncorporationPrivate limited company