ACTIVE

ARMENO

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Financial year 2025 · closed on 31/12/2025

Net result

20,6 k €

-52.3% YoY

Gross margin

49,7 k €

-28.7% YoY

Equity

249,6 k €

+18.0% YoY

What does ARMENO do?

ARMENO is a Private limited company incorporated in 2010. Its main activity is: Wholesale of beverages. Its registered office is in Evere.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0825.172.268

Incorporation

20/04/2010

Legal form

Private limited company

Registered office

Av. H. Conscience 225
1140 Evere · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

46349Wholesale of beverages· main 46349Wholesale of beverages

Joint committees (1)

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 15 financial years

	2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	49,7 k €	-28.7%	69,7 k €	-10.4%	77,8 k €	+195%	26,4 k €	+16.1%	22,7 k €	-41.3%	38,7 k €	+389%	7,9 k €	-29.6%	11,2 k €	+45.6%	7,7 k €	-71.4%	27 k €	-2.6%	27,7 k €	+47.3%	18,8 k €	+220%	5,9 k €	+72.8%	3,4 k €	-56.9%	7,9 k €
EBITDA	38,7 k €	-37.7%	62,1 k €	-16.3%	74,3 k €	+229%	22,6 k €	+136%	9,6 k €	-70.7%	32,7 k €	+353%	7,2 k €	-34.2%	11 k €	+42.2%	7,7 k €	+104%	3,8 k €	-42.4%	6,6 k €	-24.4%	8,7 k €	+50.2%	5,8 k €	+69.9%	3,4 k €	-56.9%	7,9 k €
Operating result	38,7 k €	-12.5%	44,2 k €	-21.6%	56,3 k €	+149%	22,6 k €	+136%	9,6 k €	-68.5%	30,4 k €	+464%	5,4 k €	-41.1%	9,1 k €	+55.4%	5,9 k €	+153%	2,3 k €	-54.5%	5,1 k €	-14.3%	6 k €	+3.0%	5,8 k €	+69.9%	3,4 k €	-51.4%	7 k €
Net result	20,6 k €	-52.3%	43,2 k €	-25.8%	58,2 k €	+214%	18,5 k €	+50248%	-37 €	-100%	26,8 k €	+757%	3,1 k €	-66.8%	9,4 k €	+25.9%	7,5 k €	+162%	2,8 k €	-43.0%	5 k €	+284%	1,3 k €	-80.4%	6,6 k €	+96.1%	3,4 k €	-15.4%	4 k €
Balance sheet
Equity	249,6 k €	+18.0%	211,5 k €	+25.7%	168,3 k €	+52.9%	110,1 k €	+20.2%	91,6 k €	-0.0%	91,6 k €	+41.4%	64,8 k €	+5.1%	61,7 k €	+18.0%	52,2 k €	+16.7%	44,8 k €	+6.8%	41,9 k €	+13.5%	36,9 k €	+3.7%	35,6 k €	+22.9%	29 k €	+13.2%	25,6 k €
Total assets	261,1 k €	+3.6%	252,1 k €	+3.3%	244 k €	+74.2%	140,1 k €	+37.2%	102,1 k €	-42.2%	176,7 k €	+50.0%	117,8 k €	+12.7%	104,5 k €	-1.5%	106 k €	-20.4%	133,2 k €	+19.2%	111,7 k €	+50.9%	74 k €	+93.8%	38,2 k €	-56.7%	88,2 k €	+41.1%	62,5 k €
Cash	158,6 k €	-24.7%	210,7 k €	+4.8%	201 k €	+106%	97,4 k €	+14.6%	84,9 k €	-45.6%	156,1 k €	+87.3%	83,3 k €	+1963%	4 k €	-51.8%	8,4 k €	+638%	1,1 k €	-90.3%	11,7 k €	-29.1%	16,5 k €	+120%	7,5 k €	-56.3%	17,2 k €	+15345%	111,2 €
Debts	11,5 k €	-71.7%	40,6 k €	-46.4%	75,7 k €	+153%	30 k €	+184%	10,5 k €	-87.6%	85,1 k €	+60.6%	53 k €	+23.7%	42,8 k €	-20.4%	53,8 k €	-39.2%	88,4 k €	+26.7%	69,8 k €	+88.1%	37,1 k €	+1340%	2,6 k €	-95.6%	59,2 k €	+60.5%	36,9 k €

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 31/12/2025 · 3 active · 4 ended

Active mandates

ANIK AKSU

Associate

Active

ARTOUR KARAPETIAN

Director

Active

HAIG ISA PETROSIAN

Associate

Active

Ended mandates

ARTOUR KARAPETIAN

Administrator - manager

Ended

ARTOUR KARAPETIAN

Manager

Ended

SIMONYAN NORAYR

Associate

Ended

TIGRAN HAKOBYAN

Associate

Ended

Annual accounts

Full financial information

	2025	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2025	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/07/2026	24/07/2024	24/07/2024	15/09/2022	21/07/2021	26/07/2020
General meeting	30/06/2026	30/06/2024	30/06/2023	30/06/2022	24/06/2021	30/06/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	13/07/2026	French	PDF
Micro model	31/12/2023	30/06/2024	24/07/2024	French	PDF
Micro model	31/12/2022	30/06/2023	24/07/2024	French	PDF
Micro model	31/12/2021	30/06/2022	15/09/2022	French	PDF
Micro model	31/12/2020	24/06/2021	21/07/2021	French	PDF
Micro model	31/12/2019	30/06/2020	26/07/2020	French	PDF
Micro model	31/12/2018	25/06/2019	17/07/2019	French	PDF
Abridged model	31/12/2017	26/06/2018	24/07/2018	French	PDF
Abridged model	31/12/2016	27/06/2017	16/07/2017	French	PDF
Abridged model	31/12/2015	28/06/2016	17/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	11/03/2016	French	PDF
Abridged model	31/12/2013	30/06/2014	24/07/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	25/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	23/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	27/07/2011	French	PDF

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 31/12/2025 · 3 active · 4 ended

Active mandates

ANIK AKSU

Associate

Active

ARTOUR KARAPETIAN

Director

Active

HAIG ISA PETROSIAN

Associate

Active

Ended mandates

ARTOUR KARAPETIAN

Administrator - manager

Ended

ARTOUR KARAPETIAN

Manager

Ended

SIMONYAN NORAYR

Associate

Ended

TIGRAN HAKOBYAN

Associate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/05/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares18/10/2017
CAPITAL, ACTIONS
PDF
Capital / shares10/11/2015
CAPITAL, ACTIONS
PDF
Capital / shares28/04/2015
CAPITAL, ACTIONS
PDF
Registered office31/01/2011
SIEGE SOCIAL
PDF
Mandates24/09/2010
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Other30/04/2010
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

2025
Annual accounts 202520,6 k €↓
2023
Annual accounts 202343,2 k €↓
2022
Annual accounts 202258,2 k €↑
2021
Annual accounts 202118,5 k €↑
2020
Annual accounts 2020-37 €↓
2019
Annual accounts 201926,8 k €↑
2018
Annual accounts 20183,1 k €↓
2017
Annual accounts 20179,4 k €↑
2016
Annual accounts 20167,5 k €↑
2015
Annual accounts 20152,8 k €↓
2014
Annual accounts 20145 k €↑
2013
Annual accounts 20131,3 k €↓
2012
Annual accounts 20126,6 k €↑
2011
Annual accounts 20113,4 k €↓
2010
Annual accounts 20104 k €
20/04/2010
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ARMENO

Overview

What does ARMENO do?

Trend over 15 financial years

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