NORMAL SITUATION

Artim

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Financial year 2022 · closed on 31/12/2022

Net result

2,4 M €

+114.3% YoY

Gross margin

2,9 M €

+66.9% YoY

Equity

7,5 M €

+46.6% YoY

Company — Normal situation.

What does Artim do?

Artim is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.683.505

Legal form

Public limited company

Contributed capital

3 341 093,00 €

Latest accounts

31/12/2022

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,9 M €	+66.9%	1,8 M €	-34.5%	2,7 M €	+84.4%	1,5 M €	+5.0%	1,4 M €	+12.0%	1,2 M €	+34.6%	918 k €		–		–		–		1,6 M €	+217%	493,8 k €	+18.3%	417,4 k €	+1.5%	411,1 k €	-13.1%	473,3 k €	+133%	203,4 k €
EBITDA	2,8 M €	+70.3%	1,7 M €	-34.4%	2,5 M €	+85.4%	1,4 M €	+5.4%	1,3 M €	+61.7%	805,8 k €	-4.3%	842,4 k €	+48.3%	568,1 k €	-43.4%	1 M €	-7.6%	1,1 M €	+380%	226,2 k €	+177%	81,6 k €	-33.6%	123 k €	-11.4%	138,8 k €	-20.4%	174,4 k €	-9.7%	193,1 k €
Operating result	2,6 M €	+85.6%	1,4 M €	-36.5%	2,2 M €	+120%	995,3 k €	+6.7%	932,7 k €	+99.1%	468,4 k €	+168%	174,5 k €	-34.3%	265,5 k €	-24.6%	352,3 k €	-61.1%	905,9 k €	+766%	104,6 k €	+208%	-97 k €	-201%	95,7 k €	-28.1%	133,2 k €	-21.1%	168,7 k €	-10.0%	187,4 k €
Net result	2,4 M €	+114%	1,1 M €	-79.8%	5,5 M €	+735%	658,3 k €	-17.8%	801,3 k €	+222%	249,2 k €	+387%	51,2 k €	-96.3%	1,4 M €	+4987%	27,3 k €	+145%	-60,3 k €	-107%	815,3 k €	+326%	-360,8 k €	-15.8%	-311,6 k €	-84.5%	-168,9 k €	-63.4%	-103,4 k €	-1064%	10,7 k €
Balance sheet
Equity	7,5 M €	+46.6%	5,1 M €	+27.8%	4 M €	-60.9%	10,2 M €	+6.9%	9,6 M €	+9.1%	8,8 M €	+7.8%	8,1 M €	+0.6%	8,1 M €	+20.6%	6,7 M €	+0.4%	6,7 M €	+129%	2,9 M €	+39.0%	2,1 M €	-14.7%	2,5 M €	-11.3%	2,8 M €	-5.8%	2,9 M €	-3.4%	3 M €
Total assets	23,9 M €	+10.0%	21,8 M €	-4.2%	22,7 M €	+3.6%	21,9 M €	+4.2%	21 M €	+62.3%	13 M €	+2.4%	12,6 M €	-21.1%	16 M €	+18.2%	13,6 M €	-16.6%	16,3 M €	+65.5%	9,8 M €	-2.8%	10,1 M €	+4.1%	9,7 M €	-5.8%	10,3 M €	+5.9%	9,7 M €	+23.3%	7,9 M €
Cash	940,9 k €	+118%	431,1 k €	-71.8%	1,5 M €	+191%	525,5 k €	+366%	112,8 k €	-65.9%	331 k €	+216%	104,7 k €	-93.1%	1,5 M €	+3851%	38,6 k €	-56.1%	87,9 k €	+170%	32,5 k €	+423%	6,2 k €	-62.5%	16,5 k €	-94.8%	318,4 k €	+406%	62,9 k €	+174%	22,9 k €
Debts	16,2 M €	-1.0%	16,4 M €	-11.5%	18,5 M €	+60.8%	11,5 M €	+1.9%	11,3 M €	+181%	4 M €	-11.3%	4,5 M €	-43.1%	8 M €	+15.9%	6,9 M €	-28.5%	9,6 M €	+42.9%	6,7 M €	-14.7%	7,9 M €	+11.1%	7,1 M €	-2.1%	7,2 M €	+10.1%	6,6 M €	+41.7%	4,6 M €
Other
Workforce	–		–		–		–		–		–		–		27,2 ETP	+1.1%	26,9 ETP	+20.1%	22,4 ETP	-1.3%	22,7 ETP	+224%	7,0 ETP	+32.1%	5,3 ETP	+8.2%	4,9 ETP	-16.9%	5,9 ETP		–

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 9 ended

Active mandates

Karel Cardoen

Managing director · since 01 janvier 2020 · until 01 janvier 2026

Active

Ended mandates

Karel Cardoen

Director · since 01 janvier 2020 · until 01 janvier 2026

Ended

Julia Burvenich

Director · since 24 juin 2013 · until 07 mai 2019

Ended

Karel Cardoen

Managing director · since 24 juin 2013 · until 07 mai 2019

Ended

Annelien Cardoen

Director · since 21 décembre 2007 · until 07 mai 2013

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/05/2023	11/05/2022	05/05/2021	15/05/2020	07/06/2019	13/06/2018
General meeting	02/05/2023	03/05/2022	04/05/2021	05/05/2020	07/05/2019	22/05/2018
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

49 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	02/05/2023	25/05/2023	Dutch	PDF
Abridged model	31/12/2021	03/05/2022	11/05/2022	Dutch	PDF
Abridged model	31/12/2020	04/05/2021	05/05/2021	Dutch	PDF
Abridged model	31/12/2019	05/05/2020	15/05/2020	Dutch	PDF
Abridged model	31/12/2018	07/05/2019	07/06/2019	Dutch	PDF
Abridged model	31/12/2017	22/05/2018	13/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	09/06/2017	Dutch	PDF
Full model	31/12/2015	03/05/2016	06/05/2016	Dutch	PDF
Full model	31/12/2014	05/05/2015	28/07/2015	Dutch	PDF
m120-f-p	31/03/2014	06/05/2014	10/11/2014	Dutch	PDF
Full model	31/12/2013	06/05/2014	25/08/2014	Dutch	PDF
m120-f-p	31/03/2013	07/05/2013	18/11/2013	Dutch	PDF
Full model	31/12/2012	07/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	24/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/05/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	04/05/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	14/05/2009	24/09/2009	Dutch	PDF
Abridged model	31/12/2007	06/05/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	11/06/2007	Dutch	PDF
Abridged model	31/12/2005	02/05/2006	14/06/2006	Dutch	PDF
Abridged model	31/12/2004	03/05/2005	01/06/2005	Dutch	PDF
Abridged model	31/12/2003	25/05/2004	23/06/2004	Dutch	PDF
Abridged model	31/12/2002	10/06/2003	10/07/2003	Dutch	PDF
Abridged model	31/12/2001	07/05/2002	18/06/2002	Dutch	PDF

View all 49 filings

Estimate

Indicative valuation

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.

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 9 ended

Active mandates

Karel Cardoen

Managing director · since 01 janvier 2020 · until 01 janvier 2026

Active

Ended mandates

Karel Cardoen

Director · since 01 janvier 2020 · until 01 janvier 2026

Ended

Julia Burvenich

Director · since 24 juin 2013 · until 07 mai 2019

Ended

Karel Cardoen

Managing director · since 24 juin 2013 · until 07 mai 2019

Ended

Annelien Cardoen

Director · since 21 décembre 2007 · until 07 mai 2013

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2022
Annual accounts 20222,4 M €↑
2021
Annual accounts 20211,1 M €↓
2020
Annual accounts 20205,5 M €↑
2019
Annual accounts 2019658,3 k €↓
2018
Annual accounts 2018801,3 k €↑
2017
Annual accounts 2017249,2 k €↑
2016
Annual accounts 201651,2 k €↓
2015
Annual accounts 20151,4 M €↑
2014
Annual accounts 201427,3 k €↑
2013
Annual accounts 2013-60,3 k €↓
2011
Annual accounts 2011815,3 k €↑
2010
Annual accounts 2010-360,8 k €↓
2009
Annual accounts 2009-311,6 k €↓
2008
Annual accounts 2008-168,9 k €↓
2007
Annual accounts 2007-103,4 k €↓
2006
Annual accounts 200610,7 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Artim

Overview

What does Artim do?

Trend over 16 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline