Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
ARMANDINE MARTIN from Elsene, company number BE0438509680, closed financial year 2025 with a result of € -5,305 after tax. For that financial year ARMANDINE MARTIN recorded a gross margin of € -5,529 and equity of € 228,291. Compared with financial year 2024, the result moved from € -11,148 to € -5,305. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 19, 2026.
€ 228,291
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,305
▲ 52 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,181
▲ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -27,039.
Debts at end 2025
€ 2,441
▼ 46% vs 2024
Loans from banks and other lenders, long and short.
€ 2,991
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 23,258 | € 14,955 | € -11,232 | € -5,529 | ▲ € 5,703 |
| Profit after taxes | € 19,630 | € 11,223 | € -11,148 | € -5,305 | ▲ € 5,842 |
| Equity | € 233,520 | € 244,744 | € 233,596 | € 228,291 | ▼ 2% |
| Total debts | € 77,019 | € 7,359 | € 13,327 | € 5,432 | ▼ 59% |
| Cash | € 23,244 | € 8,339 | € 1,604 | € 2,181 | ▲ 36% |
| Retained profit | € -21,810 | € -10,587 | € -21,734 | € -27,039 | ▼ € 5,305 |
| Bank debt | € 0 | € 0 | € 4,486 | € 2,441 | ▼ 46% |
| Balance sheet total | € 310,539 | € 252,103 | € 246,923 | € 233,723 | ▼ 5% |
Key figures of ARMANDINE MARTIN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ARMANDINE MARTIN?
What happened at ARMANDINE MARTIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- INVESTMENT FOR HEALTH, IWF stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 5,305. filed late Source: NBB ↗
- INVESTMENT FOR HEALTH, IWF became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,630 profit in 2022 to € 5,305 loss in 2025.
Paid € 6,857 in corporate taxes since 2022.
Best year ever: 2022, with € 19,630 profit.
Management
The stake of SMALTA HOLDING, PROGESIMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARMANDINE MARTINThe shares are held by SMALTA HOLDING (70.6%) and PROGESIMA (29.5%).
Directors
According to the 2025 annual accounts
Managing director · represented by Martin SCHOONBROODT
Also active at: Dental Center
since 2023 · until 2029
Shareholders
70.6%
29.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 367
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.509.680
- VAT number
- BE 0438.509.680
- Registered office
- Louizalaan 367, 1050 Elsene
- Names & denominations
- ARMANDINE MARTIN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 October 1989
- Peppol
- Active · Active since 28 Oct 2025
- Activities · NACE
Detailhandel in medische en orthopedische artikelen, muv corrigerende brillen, lenzen en zonnebrillen
Gespecialiseerde detailhandel in uurwerken en sieradenhorloges en sieraden
Detailhandel in medische en orthopedische artikelen in gespecialiseerde winkels
Detailhandel in uurwerken en sieraden
Activiteiten van hoofdkantoren