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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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARMOSA from Engis, company number BE0477323043, closed financial year 2025 with a result of € 626,585 after tax. For that financial year ARMOSA recorded revenue of € 25.8 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 873,584 to € 626,585. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 29, 2026.
€ 2.2 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 626,585
▼ 28% vs 2024
Profit after tax over the fiscal year.
€ 262,476
▼ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 600,000 paid out
96 % of the profit went to the shareholders, mostly to SNYPE (100 % of the shares). That is where the money ends up.
People and assets in 2025
25.3
▲ 2.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▲ 16% vs 2024
€ 84,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 151,718
▲ € 116,106 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.4 million
▲ 55% vs 2024
€ 286,699 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2 million
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 33 days on average.
€ 460,775
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,777,418 | € 22,462,922 | € 24,672,548 | € 25,787,495 | ▲ 5% |
| Profit after taxes | € 29,129 | € 299,368 | € 873,584 | € 626,585 | ▼ 28% |
| Equity | € 1,252,737 | € 1,552,104 | € 2,175,688 | € 2,202,273 | ▲ 1% |
| Total debts | € 10,205,780 | € 9,194,070 | € 9,735,835 | € 10,669,638 | ▲ 10% |
| Cash | € 300,830 | € 618,485 | € 326,913 | € 262,476 | ▼ 20% |
| Retained profit | € 999,456 | € 1,298,824 | € 1,922,408 | € 1,948,993 | ▲ 1% |
| Dividend | € 0 | € 0 | € 250,000 | € 600,000 | ▲ 140% |
| Bank debt | € 4,953,146 | € 5,650,000 | € 4,138,680 | € 6,415,428 | ▲ 55% |
| Balance sheet total | € 11,458,516 | € 10,746,174 | € 11,911,523 | € 12,871,912 | ▲ 8% |
| Employees (FTE) | 21.5 | 21 | 22.4 | 25.3 | ▲ 2.9 |
Key figures of ARMOSA, 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 ARMOSA?
What happened at ARMOSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pierre SAMAIN stepped down as director. NBB
- Eléonore SAMAIN stepped down as director. NBB
- SNYPE SA stepped down as director. NBB
- OPENMIND SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 626,585 (▼ 28% vs 2024). Source: NBB ↗
- Pierre SAMAIN became a director. NBB
- Eléonore SAMAIN became a director. NBB
- SNYPE SA became a director. NBB
In short
From € 29,129 profit in 2022 to € 626,585 profit in 2025.
Paid € 765,989 in corporate taxes since 2022.
Best year ever: 2024, with € 873,584 profit.
Paid out € 850,000 in dividends to the owners in total.
Management
The stake of SNYPE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARMOSAThe shares are held by SNYPE (100%).
Directors
According to the 2025 annual accounts
since 2020 · until 2026
since 2020 · until 2026
since 2025 · until 2031
Director · represented by Philippe KEYEUX
Also active at: ARMOSA TECH, SNYPE, RODINPACK
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Tuiliers 1
4480 Engis
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0477.323.043
- VAT number
- BE 0477.323.043
- Registered office
- Rue des Tuiliers 1, 4480 Engis
- Names & denominations
- ARMOSA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 April 2002
- Peppol
- Active · Active since 1 Jan 2001
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