ARMATANE
ActiveSummary
ARMATANE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €708,879 and a net result of €131,625. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 58% of 429 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-3
Solvency67▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 2.43 against 1.19 in 2024; short-term debt: 8.8% and cash: 9.7% of total assets), but 58.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.6%
Return on assets
7.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
20 d early
2023
29 d late
2022
9 d late
2021
23 d late
2020
30 d late
2019
47 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, full schema
In the rankings
#6 company by equity in Mons, Arts, sports and recreation sector#6 oldest company in Mons, Arts, sports and recreation sector#8 company by total assets in Mons, Arts, sports and recreation sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€131,625▼ 13.2%
2024 · €151,570
Working capital
€214,996▲ 501%
2024 · €35,765
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€120,681€90,910▼ 24.7%€170,131▲ 87.1%€241,010▲ 41.7%€223,285▼ 7.4%
Net result€106,393€67,255▼ 36.8%€109,095▲ 62.2%€151,570▲ 38.9%€131,625▼ 13.2%
Equity€249,335▲ 74.4%€316,590▲ 27.0%€425,684▲ 34.5%€577,254▲ 35.6%€708,879▲ 22.8%
Total assets€600,384▲ 16.2%€573,819▼ 4.4%€1.1m▲ 94.8%€1.5m▲ 36.9%€1.7m▲ 11.4%
Debt€351,048▼ 6.0%€257,230▼ 26.7%€691,921▲ 169%€952,495▲ 37.7%€994,732▲ 4.4%
Working capital€6,657-€105,205€54,119€35,765▼ 33.9%€214,996▲ 501%
Staff (FTE)2.5▲ 13.6%2.72.1▼ 22.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.3m ▲ 2.6%
Current assets
€365,244 ▲ 62.3%
Equity and liabilities €1.7m
Equity
€708,879 ▲ 22.8%
Debt
€994,732 ▲ 4.4%
Debt's share of the balance-sheet total falls from 62.3% to 58.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€363,115▼
2024 · €369,762
Cash flow
€271,455▼
2024 · €280,322
Current ratio
2.43▲
2024 · 1.19
Quick ratio
2.39▲
2024 · 1.16
Debt to equity
1.40▼
2024 · 1.65
ROE
18.6%▼
2024 · 26.3%
ROA
7.7%▼
2024 · 9.9%
Interest coverage
7.64▼
2024 · 8.73
Debt ≤ 1 year
€150,248▼
2024 · €189,288
Debt > 1 year
€844,484▲
2024 · €763,206
Income taxes
€46,014▼
2024 · €47,529
Staff costs
€118,957▲
2024 · €92,280
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €22,065 | €77,781 | €102,880 | €92,280 | €118,957 | ▲ 28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,521 | €52,854 | €84,609 | €128,752 | €139,830 | ▲ 8.6% |
| Other operating charges640/8 | €9,395 | €10,496 | €11,671 | €13,022 | €13,450 | ▲ 3.3% |
| Non-recurring operating charges66A | - | - | - | €127 | - | - |
| Gross operating margin9900 | €208,662 | €232,041 | €369,292 | €475,191 | €495,522 | ▲ 4.3% |
| Operating profit (loss)9901 | €120,681 | €90,910 | €170,131 | €241,010 | €223,285 | ▼ 7.4% |
| Financial income75/76B | €2 | €0 | €31 | €468 | €1,858 | ▲ 297% |
| Recurring financial income75 | €2 | €0 | €31 | €468 | €1,858 | ▲ 297% |
| Financial charges65/66B | €13,868 | €11,343 | €21,359 | €42,379 | €47,504 | ▲ 12.1% |
| Recurring financial charges65 | €13,868 | €11,343 | €21,359 | €42,379 | €47,504 | ▲ 12.1% |
| Profit (loss) for the period before taxes9903 | €106,815 | €79,566 | €148,803 | €199,099 | €177,640 | ▼ 10.8% |
| Income taxes67/77 | €422 | €12,312 | €39,708 | €47,529 | €46,014 | ▼ 3.2% |
| Profit (loss) for the period9904 | €106,393 | €67,255 | €109,095 | €151,570 | €131,625 | ▼ 13.2% |
| Profit (loss) for the period to be appropriated9905 | €106,393 | €67,255 | €109,095 | €151,570 | €131,625 | ▼ 13.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €600,384 | €573,819 | €1.1m | €1.5m | €1.7m | ▲ 11.4% |
| Fixed assets21/28 | €429,827 | €531,683 | €873,272 | €1.3m | €1.3m | ▲ 2.6% |
| Tangible fixed assets22/27 | €429,180 | €531,036 | €872,625 | €1.3m | €1.3m | ▲ 2.6% |
| Land and buildings22 | €379,494 | €350,470 | €467,247 | €909,882 | €961,197 | ▲ 5.6% |
| Plant, machinery and equipment23 | €48,484 | €176,913 | €381,844 | €371,487 | €318,861 | ▼ 14.2% |
| Furniture and vehicles24 | €1,201 | €3,652 | €23,535 | €22,475 | €57,458 | ▲ 156% |
| Financial fixed assets28 | €647 | €647 | €647 | €852 | €852 | = |
| Current assets29/58 | €170,557 | €42,137 | €244,333 | €225,053 | €365,244 | ▲ 62.3% |
| Stocks and contracts in progress3 | €6,004 | €6,854 | €6,270 | €5,461 | €6,450 | ▲ 18.1% |
| Stocks30/36 | €6,004 | €6,854 | €6,270 | €5,461 | €6,450 | ▲ 18.1% |
| Amounts receivable within one year40/41 | €2,123 | €7,648 | €10,712 | €28,043 | €22,405 | ▼ 20.1% |
| Trade receivables40 | €1,505 | €6,758 | €9,550 | €7,998 | €428 | ▼ 94.7% |
| Other amounts receivable41 | €617 | €889 | €1,162 | €20,045 | €21,977 | ▲ 9.6% |
| Current investments50/53 | - | - | - | - | €168,951 | - |
| Cash at bank and in hand54/58 | €160,341 | €27,636 | €225,149 | €191,550 | €165,620 | ▼ 13.5% |
| Deferred charges and accrued income490/1 | €2,090 | - | €2,202 | - | €1,818 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €600,384 | €573,819 | €1.1m | €1.5m | €1.7m | ▲ 11.4% |
| Equity10/15 | €249,335 | €316,590 | €425,684 | €577,254 | €708,879 | ▲ 22.8% |
| Contributions10/11 | €185,920 | €185,920 | €185,920 | €185,920 | €185,920 | = |
| Capital10 | €185,920 | €185,920 | €185,920 | €185,920 | €185,920 | = |
| Issued capital100 | €185,920 | €185,920 | €185,920 | €185,920 | €185,920 | = |
| Revaluation surpluses12 | €87,251 | €75,751 | €64,251 | €52,751 | €41,251 | ▼ 21.8% |
| Reserves13 | €394,749 | €406,249 | €517,749 | €529,249 | €540,749 | ▲ 2.2% |
| Distributable reserves133 | €394,749 | €406,249 | €517,749 | €529,249 | €540,749 | ▲ 2.2% |
| Profit (loss) carried forward14 | -€418,585 | -€351,331 | -€342,236 | -€190,666 | -€59,041 | ▲ 69.0% |
| Amounts payable17/49 | €351,048 | €257,230 | €691,921 | €952,495 | €994,732 | ▲ 4.4% |
| Amounts payable after more than one year17 | €187,149 | €109,888 | €501,708 | €763,206 | €844,484 | ▲ 10.6% |
| Financial debts170/4 | €187,149 | €109,888 | €501,708 | €763,206 | €844,484 | ▲ 10.6% |
| Amounts payable within one year42/48 | €163,900 | €147,341 | €190,214 | €189,288 | €150,248 | ▼ 20.6% |
| Current portion of amounts payable after more than one year42 | €93,924 | €77,261 | €65,211 | €112,236 | €104,196 | ▼ 7.2% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €1,827 | €26,799 | €26,658 | €2,163 | €13,271 | ▲ 513% |
| Suppliers440/4 | €1,827 | €26,799 | €26,658 | €2,163 | €13,271 | ▲ 513% |
| Taxes, remuneration and social security45 | €8,558 | €27,717 | €75,839 | €55,416 | €19,210 | ▼ 65.3% |
| Taxes450/3 | €5,487 | €17,167 | €57,336 | €39,700 | €8,359 | ▼ 78.9% |
| Remuneration and social security454/9 | €3,071 | €10,551 | €18,502 | €15,716 | €10,851 | ▼ 31.0% |
| Other amounts payable47/48 | €59,592 | €15,565 | €22,506 | €19,473 | €13,571 | ▼ 30.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106,393 | €67,255 | €109,095 | €151,570 | €131,625 | ▼ 13.2% |
| + Depreciation and write-downs630 | €56,521 | €52,854 | €84,609 | €128,752 | €139,830 | ▲ 8.6% |
| Operating cash flow (approximation) | €162,913 | €120,109 | €193,704 | €280,322 | €271,455 | ▼ 3.2% |
| Investment in fixed assets (approximation) | - | -€154,710 | -€426,199 | -€560,176 | -€173,501 | ▲ 69.0% |
| Change in cash | - | -€132,705 | €197,513 | -€33,598 | -€25,930 | ▲ 22.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 2.43
Current ratio from 1.19 to 2.43; short-term debt falls from €189,288 to €150,248.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €151,570 ▲38.9%
Operating result €241,010, net result €151,570, both a record.
31-12
Financial
Equity above €500,000Eq €577,254 ▲35.6%
4 profitable years in a row build equity to €577,254.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 1.28
Current ratio from 0.29 to 1.28.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Back to profitnet €106,393
Net result €106,393 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.04
Current ratio from 0.27 to 1.04.
31-12
Financial
Equity above €200,000Eq €249,335 ▲74.4%
Equity rises from €142,942 to €249,335.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€62,260
Net result drops to -€62,260, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
31-12
Financial
Equity above €200,000Eq €205,202 ▲20.2%
2 profitable years in a row build equity to €205,202.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 1995
Ground area
1,496 m²
Parcel 53402A0180/00P011, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARMATANE
since 19952.072.914.249
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53402A0180/00P011 | Wallonia | 1,496 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMons2.072.914.249
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Of 3,293 companies in sector 93110 we hold annual accounts for 1,496. 945 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-05-1995
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.