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.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARMACO RECUP from Geraardsbergen, company number BE0451331892, closed financial year 2025 with a result of € -18,647 after tax. For that financial year ARMACO RECUP recorded a gross margin of € 10,598 and equity of € 327,998. Compared with financial year 2024, the result moved from € -32,988 to € -18,647. 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 May 26, 2026.
€ 327,998
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -18,647
▲ 43 % less loss than in 2024
Profit after tax over the fiscal year.
€ 4,465
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 72,229.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,362
▲ € 3,458 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 100
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 21,034 | € 27,642 | € 13,034 | € 10,598 | ▼ 19% |
| Profit after taxes | € 6,076 | € 7,034 | € -32,988 | € -18,647 | ▲ € 14,341 |
| Equity | € 372,599 | € 379,633 | € 346,645 | € 327,998 | ▼ 5% |
| Total debts | € 69,376 | € 69,922 | € 238,335 | € 184,552 | ▼ 23% |
| Cash | € 19,044 | € 41,382 | € 67,920 | € 4,465 | ▼ 93% |
| Land & buildings | € 422,173 | € 416,698 | € 527,363 | € 518,028 | ▼ 2% |
| Retained profit | € 116,831 | € 123,865 | € 90,876 | € 72,229 | ▼ 21% |
| Balance sheet total | € 451,287 | € 461,716 | € 596,437 | € 523,302 | ▼ 12% |
Key figures of ARMACO RECUP, 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 ARMACO RECUP?
What happened at ARMACO RECUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marc Coesens stepped down as director. NBB
- Vicky Coesens stepped down as director. NBB
- Luc Coesens stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 18,647. Source: NBB ↗
- Marc Coesens became a director. NBB
- Vicky Coesens became a director. NBB
- Luc Coesens became a director. NBB
- New establishment in Geraardsbergen. KBO
In short
From € 6,076 profit in 2022 to € 18,647 loss in 2025.
Paid € 763 in corporate taxes since 2022.
Best year ever: 2023, with € 7,034 profit.
Management
Directors
According to the 2025 annual accounts
Vicky Coesens
Director
since 2020 · until 2026
since 2020 · until 2026
Marc Coesens
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Resteleustraat(Ove) 22
9500 Geraardsbergen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.331.892
- VAT number
- BE 0451.331.892
- Registered office
- Resteleustraat(Ove) 22, 9500 Geraardsbergen
- Names & denominations
- ARMACO RECUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 October 1993
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
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