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Artes Depret

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Financial year 2025 · Closed on 31/12/2025

Net result5,9 M €-40,0 %over 1 year
Revenue131,6 M €+43,3 %over 1 year
Equity32,9 M €+2,8 %over 1 year
Workforce226,3 ETP+4,2 %over 1 year

Identity

Source · BCE/KBO

Artes Depret is a Public limited company incorporated in 1941. Its main activity is: Construction of roads and motorways. Its registered office is in Brugge. It employs on average 226,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0400.082.042
Incorporation
16/10/1941
Legal form
Public limited company
Registered office
Rederskaai 61 box .0301
8380 Brugge · FlandreSee on map
Contributed capital
595 000,00 €
Latest accounts
31/12/2025
Average workforce
226,3 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue131,6 M €91,8 M €136,7 M €149,3 M €149,4 M €
EBITDA9,2 M €13,9 M €16,7 M €24 M €20,6 M €
Operating result6,7 M €11,8 M €13,8 M €21,4 M €18,1 M €
Net result5,9 M €9,8 M €11 M €16,2 M €13,8 M €
Balance sheet
Equity32,9 M €32 M €33 M €32,2 M €23,1 M €
Total assets118,8 M €97,8 M €91,6 M €86,5 M €69,7 M €
Cash18,2 M €5,9 M €6,7 M €19,7 M €11,1 M €
Debts83,9 M €64,4 M €57,2 M €53,5 M €46 M €
Other
Workforce226,3 ETP217,1 ETP208,6 ETP210,7 ETP218,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 30 ended

Active mandates

ELCONSTRUCT

Managing director · since 28 mai 2025 · until 31 mai 2028 · 0554.696.676

Represented by Johan Van Overwalle

Active
Matthias Hoornaert

Director · since 28 mai 2025 · until 31 mai 2028

Active
PACT 14

Director · since 28 mai 2025 · until 31 mai 2028 · 0780.850.097

Represented by Koen Vandewalle

Active
Robert Hoornaert

Director · since 28 mai 2025 · until 31 mai 2028

Active

Ended mandates

ELCONSTRUCT

Managing director · since 31 mai 2023 · until 28 mai 2025 · 0554.696.676

Represented by Johan Van Overwalle

Ended
PACT 14

Director · since 31 mai 2023 · until 28 mai 2025 · 0780.850.097

Represented by Koen Vandewalle

Ended
Robert Hoornaert

Director · since 31 mai 2023 · until 28 mai 2025

Ended
PACT 14

Director · since 25 janvier 2022 · until 31 mai 2023 · 0780.850.097

Represented by Koen Van Acker

Ended

Other companies at this address

Rederskaai 61 8380 Brugge
CompanyCBE no.
Artes Projects● Active
0886.984.430
Consortium Zwembad Ieper● Active
1013.775.605
De Maatschap ARTES● Active
1005.904.054
Maatschap Artes Depret- Artes TWT● Active
0781.645.893
Maatschap Artes Projects - CAAAP● Active
1010.887.973
PACT 14● Active
0780.850.097
PACT 6● Active
0786.484.512
THV ARTES DEPRET - FABRICOM - AXIMA● Active
0692.826.656
THV ARTES DEPRET - FRANKI CONSTRUCT● Active
0689.646.145
THV ARTES DEPRET NV - AGIDENS INFRA AUTOMATION NV● Active
0537.388.314
THV ARTES DEPRET NV / ROEGIERS NV● Active
0689.786.695
Tijdelijke Maatschap ARTES-TRBA● Active
1007.069.935
TM Aelterman-TM Denys-Artes Depret● Active
0798.470.148
TM Artes – Artes Woudenberg● Active
1011.386.435
TM Artes Depret –Aelterman● Active
0782.510.678
TM Artes Depret - Artes Roegiers - Artes TWT● Active
1030.887.492
TM ARTES DEPRET-ARTES ROEGIERS-ARTES WOUDENBERG● Active
0538.985.052
TM Artes Depret-Artes Roegiers-Ghent Dredging-Aertssen Infra● Active
1019.965.094
TM Artes Depret - Artes TWT - TRBA● Active
0733.777.581
TM Artes Depret-Decat● Active
1014.805.288

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date29/06/202620/06/202519/06/202415/06/202328/06/202218/06/2021
General meeting27/05/202628/05/202529/05/202431/05/202325/05/202226/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202527/05/202629/06/2026DutchPDF
Full model31/12/202428/05/202520/06/2025DutchPDF
Full model31/12/202329/05/202419/06/2024DutchPDF
Full model31/12/202231/05/202315/06/2023DutchPDF
Full model31/12/202125/05/202228/06/2022DutchPDF
Full model31/12/202026/05/202118/06/2021DutchPDF
Full model31/12/201927/05/202016/06/2020DutchPDF
Full model31/12/201829/05/201921/06/2019DutchPDF
Full modelCorrection31/12/201730/05/201821/11/2018DutchPDF
Full model31/12/201730/05/201801/06/2018DutchPDF
Full model31/12/201631/05/201728/06/2017DutchPDF
Full model31/12/201525/05/201602/06/2016DutchPDF
Full model31/12/201427/05/201528/05/2015DutchPDF
Full model31/12/201328/05/201411/06/2014DutchPDF
Full model31/12/201229/05/201305/06/2013DutchPDF
Full model31/12/201130/05/201220/06/2012DutchPDF
Full model31/12/201025/05/201123/06/2011DutchPDF
Full model31/12/200926/05/201003/06/2010DutchPDF
Full model31/12/200827/05/200925/06/2009DutchPDF
Full model31/12/200728/05/200802/06/2008DutchPDF
Full model31/12/200630/05/200729/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 30 ended

Active mandates

ELCONSTRUCT

Managing director · since 28 mai 2025 · until 31 mai 2028 · 0554.696.676

Represented by Johan Van Overwalle

Active
Matthias Hoornaert

Director · since 28 mai 2025 · until 31 mai 2028

Active
PACT 14

Director · since 28 mai 2025 · until 31 mai 2028 · 0780.850.097

Represented by Koen Vandewalle

Active
Robert Hoornaert

Director · since 28 mai 2025 · until 31 mai 2028

Active

Ended mandates

ELCONSTRUCT

Managing director · since 31 mai 2023 · until 28 mai 2025 · 0554.696.676

Represented by Johan Van Overwalle

Ended
PACT 14

Director · since 31 mai 2023 · until 28 mai 2025 · 0780.850.097

Represented by Koen Vandewalle

Ended
Robert Hoornaert

Director · since 31 mai 2023 · until 28 mai 2025

Ended
PACT 14

Director · since 25 janvier 2022 · until 31 mai 2023 · 0780.850.097

Represented by Koen Van Acker

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates02/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF

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 20255,9 M €↓
  2. 28/05/2025
    nominationRobert HOORNAERT — bestuurder
  3. 28/05/2025
    nominationJohan VAN OVERWALLE — Gedelegeerd Bestuurder
  4. 28/05/2025
    nominationKoen VANDEWALLE — bestuurder
  5. 28/05/2025
    nominationMatthias HOORNAERT — bestuurder
  6. 28/05/2025
    nominationRia Verheyen — commissaris
  7. 2024
    Annual accounts 20249,8 M €↓
  8. 2023
    Annual accounts 202311 M €↓
  9. 31/05/2023
    nominationRobert HOORNAERT — bestuurder
  10. 31/05/2023
    nominationBV ELCONSTRUCT — bestuurder
  11. 31/05/2023
    nominationJohan VAN OVERWALLE — Gedelegeerd Bestuurder
  12. 31/05/2023
    nominationBV PACT 14 — bestuurder
  13. 2022
    Annual accounts 202216,2 M €↑
  14. 08/08/2022
    nominationRobert HOORNAERT — bijzondere machtigingen
  15. 08/08/2022
    nominationJohan VAN OVERWALLE — vaste vertegenwoordiger (BV ELCONSTRUCT)
  16. 08/08/2022
    nominationEddy DECOENE — vaste vertegenwoordiger (BVBA CONSULACE)
  17. 08/08/2022
    nominationMarc OCKIER — vaste vertegenwoordiger (BVBA TRUMA)
  18. 08/08/2022
    nominationBart VERMAUT — vaste vertegenwoordiger (BVBA VERBA CONSULTING)
  19. 08/08/2022
    nominationKoen VANDEWALLE — vaste vertegenwoordiger (BVBA ELMA CONSULTING)
  20. 08/08/2022
    nominationVeerle LANNOO — bijzondere machtiging
  21. 08/08/2022
    nominationKoen KERCKHOVE — vaste vertegenwoordiger (BVBA MCS CONSULTING)
  22. 08/08/2022
    nominationLieven TACK — bijzondere machtiging
  23. 08/08/2022
    nominationSarah VERMEERSCH — bijzondere machtiging
  24. 08/08/2022
    nominationJan DUMON — vaste vertegenwoordiger (BV PSW CON)
  25. 08/08/2022
    nominationStijn SANDERS — bijzondere machtiging
  26. 08/08/2022
    nominationLaurens VERLINDE — vaste vertegenwoordiger (BV MOSACON)
  27. 08/08/2022
    nominationJan GOETHALS — vaste vertegenwoordiger (BV ERJ CONSTRUCT)
  28. 08/08/2022
    nominationKlaas OCKIER — vaste vertegenwoordiger (BV JULO CONSTRUCT)
  29. 25/05/2022
    nominationRia Verheyen — commissaris
  30. 2021
    Annual accounts 202113,8 M €↑
  31. 2020
    Annual accounts 202010,5 M €↑
  32. 2019
    Annual accounts 20197,6 M €↑
  33. 2018
    Annual accounts 20185,6 M €↓
  34. 2017
    Annual accounts 201710,3 M €↑
  35. 2016
    Annual accounts 20165,6 M €↓
  36. 2015
    Annual accounts 201512,8 M €↑
  37. 2014
    Annual accounts 20144,8 M €↓
  38. 2013
    Annual accounts 20139,3 M €↑
  39. 2012
    Annual accounts 20127,8 M €↑
  40. 2012
    Name changeArtes Depret NV
  41. 2011
    Annual accounts 20114,1 M €↑
  42. 2009
    Annual accounts 20093,6 M €↑
  43. 2008
    Annual accounts 20083,3 M €↑
  44. 2007
    Annual accounts 20073,2 M €↑
  45. 2006
    Annual accounts 20061,5 M €
  46. 2006
    Name changeDepret
  47. 16/10/1941
    IncorporationPublic limited company