ACTIVE

INVARO

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Financial year 2025 · closed on 31/12/2025
Net result
132,8 k €
+169.8% YoY
Gross margin
246,1 k €
+26.2% YoY
Equity
155,2 k €
+0.2% YoY

What does INVARO do?

INVARO is a Private limited company incorporated in 2011. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Roeselare.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0839.337.634
Incorporation
01/09/2011
Legal form
Private limited company
Registered office
Arme-Klarenstraat 10
8800 Roeselare · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
25401Manufacture of weapons and ammunition· main25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy25402Manufacture of weapons and ammunition25502Forging, pressing, stamping and roll-forming of metal; powder metallurgy25510Forging, pressing, stamping and roll-forming of metal; powder metallurgy25610Treatment and coating of metals
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin246,1 k €195 k €172,9 k €156,2 k €126 k €117,3 k €150,2 k €232,6 k €123,4 k €146,6 k €219,5 k €211,5 k €461,6 k €61,7 k €
EBITDA223,2 k €172,9 k €151,6 k €136,8 k €106,8 k €98,5 k €132,4 k €216 k €107,2 k €130,4 k €203,5 k €195,6 k €444,5 k €40,2 k €
Operating result191,9 k €77 k €62 k €47,5 k €20,1 k €12,6 k €23,4 k €107,2 k €-1,7 k €21,5 k €94,6 k €35,9 k €278,9 k €-142,6 k €
Net result132,8 k €49,2 k €52,1 k €36,7 k €4,7 k €-4,6 k €3 k €70,6 k €-29,7 k €-24,3 k €41,3 k €-19,7 k €193,2 k €-215,7 k €
Balance sheet
Equity155,2 k €154,9 k €155,6 k €155,5 k €118,8 k €114,1 k €118,8 k €115,7 k €45,1 k €74,8 k €99 k €57,7 k €77,4 k €-115,7 k €
Total assets1 M €1,3 M €1,3 M €1,2 M €1,3 M €1,1 M €1,1 M €1,3 M €1,3 M €1,4 M €1,5 M €1,5 M €1,6 M €1,7 M €
Cash21,6 k €106,7 k €64,1 k €47 k €19,3 k €82,9 k €10,3 k €18,4 k €83,5 k €74,4 k €8,2 k €7,4 k €8,3 k €11,6 k €
Debts873,9 k €1,1 M €1,1 M €1 M €1,1 M €981,8 k €956,1 k €1,2 M €1,2 M €1,3 M €1,4 M €1,5 M €1,5 M €1,8 M €
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 · 2 active · 6 ended

Active mandates

Guy Schramme

Director · since 01 janvier 2026

Active
S.A.P.I.A.

Director · since 01 septembre 2011 · until 01 janvier 2026 · 0466.504.573

Represented by Guy Schramme

Active

Ended mandates

S.A.P.I.A.

Director · since 01 septembre 2011 · 0466.504.573

Represented by Guy Schramme

Ended
CONSULTING, TRADING & IMMOBILIEN

Manager · 0500.870.782

Represented by Philippe Schramme

Ended
CTI

Manager · 0467.515.056

Represented by Philippe Schramme

Ended
CTI BVBA

Manager · 0467.515.056

Represented by Philippe Schramme

Ended
At this address

Other companies at this address

CompanyCBE no.
S.A.P.I.A.● Active
0466.504.573
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date11/05/202603/07/202516/07/202424/06/202329/06/202219/08/2021
General meeting09/05/202628/06/202529/06/202424/06/202325/06/202226/06/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/05/202611/05/2026DutchPDF
Abridged model31/12/202428/06/202503/07/2025DutchPDF
Abridged model31/12/202329/06/202416/07/2024DutchPDF
Abridged model31/12/202224/06/202324/06/2023DutchPDF
Abridged model31/12/202125/06/202229/06/2022DutchPDF
Abridged model31/12/202026/06/202119/08/2021DutchPDF
Abridged model31/12/201908/06/202031/08/2020DutchPDF
Abridged model31/12/201811/06/201901/07/2019DutchPDF
Abridged model31/12/201711/06/201829/08/2018DutchPDF
Micro model31/12/201612/06/201730/08/2017DutchPDF
Abridged model31/12/201513/06/201612/07/2016DutchPDF
Abridged model31/12/201408/06/201531/08/2015DutchPDF
Abridged model31/12/201310/06/201422/07/2014DutchPDF
Abridged model31/12/201210/06/201313/08/2013DutchPDF
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 · 2 active · 6 ended

Active mandates

Guy Schramme

Director · since 01 janvier 2026

Active
S.A.P.I.A.

Director · since 01 septembre 2011 · until 01 janvier 2026 · 0466.504.573

Represented by Guy Schramme

Active

Ended mandates

S.A.P.I.A.

Director · since 01 septembre 2011 · 0466.504.573

Represented by Guy Schramme

Ended
CONSULTING, TRADING & IMMOBILIEN

Manager · 0500.870.782

Represented by Philippe Schramme

Ended
CTI

Manager · 0467.515.056

Represented by Philippe Schramme

Ended
CTI BVBA

Manager · 0467.515.056

Represented by Philippe Schramme

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office01/07/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates19/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/01/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other04/11/2011
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other27/09/2011
    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 2025132,8 k €↑
  2. 2024
    Annual accounts 202449,2 k €↓
  3. 2023
    Annual accounts 202352,1 k €↑
  4. 2022
    Annual accounts 202236,7 k €↑
  5. 2021
    Annual accounts 20214,7 k €↑
  6. 2020
    Annual accounts 2020-4,6 k €↓
  7. 2019
    Annual accounts 20193 k €↓
  8. 2018
    Annual accounts 201870,6 k €↑
  9. 2017
    Annual accounts 2017-29,7 k €↓
  10. 2016
    Annual accounts 2016-24,3 k €↓
  11. 2015
    Annual accounts 201541,3 k €↑
  12. 2014
    Annual accounts 2014-19,7 k €↓
  13. 2013
    Annual accounts 2013193,2 k €↑
  14. 2012
    Annual accounts 2012-215,7 k €
  15. 01/09/2011
    IncorporationPrivate limited company