ACTIVE

ARTAL SERVICES

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Financial year 2025 · closed on 31/12/2025

Net result

89,1 k €

-97.2% YoY

Revenue

958 k €

+2.7% YoY

Equity

36,3 M €

+0.2% YoY

Workforce

2,9 ETP

0.0% YoY

What does ARTAL SERVICES do?

ARTAL SERVICES is a Public limited company incorporated in 1966. Its main activity is: Activities of holding companies. Its registered office is in Auderghem. It employs on average 2,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.680.724

Incorporation

07/07/1966

Legal form

Public limited company

Registered office

Place Communale d'Auderghem 8
1160 Auderghem · BruxellesSee on map

Contributed capital

29 000 000,00 €

Latest accounts

31/12/2025

Average workforce

2,9 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities 74151Specialised design activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2021		2020		2019		2018		2017		2009		2008		2007
Income statement
Revenue	958 k €	+2.7%	933 k €	+3.7%	900 k €	+16.3%	774 k €	+7.9%	717 k €	+5.8%	678 k €	-13.4%	783 k €	+2.1%	767 k €	+27.3%	602,3 k €	+4.4%	577,1 k €	+4.0%	554,6 k €
EBITDA	131 k €	+0.1%	130,9 k €	+62.5%	80,5 k €	-11.4%	90,9 k €	+111%	-837,4 k €	-301%	-209,1 k €	-660%	37,3 k €	-36.0%	58,3 k €	+117%	-343,9 k €	-13.4%	-303,4 k €	+20.2%	-380 k €
Operating result	79,8 k €	-93.4%	1,2 M €	+1922%	59,5 k €	-33.0%	88,9 k €	+110%	-876,4 k €	-267%	-239 k €	-4230%	5,8 k €	-74.3%	22,5 k €	+106%	-356,3 k €	-1.6%	-350,7 k €	+20.7%	-442 k €
Net result	89,1 k €	-97.2%	3,2 M €	+318%	762,6 k €	-40.7%	1,3 M €	+273%	-742,6 k €	-102%	34,3 M €	+5622%	599 k €	+161%	-983,9 k €	-267%	589,8 k €	+109%	-6,5 M €	-192%	7,1 M €
Balance sheet
Equity	36,3 M €	+0.2%	36,2 M €	+9.7%	33 M €	-21.5%	42,1 M €	+3.2%	40,8 M €	-1.8%	41,5 M €	+30.0%	31,9 M €	-23.8%	41,9 M €	+108%	20,2 M €	-12.6%	23,1 M €	-21.8%	29,6 M €
Total assets	36,4 M €	+0.3%	36,3 M €	+5.8%	34,3 M €	-20.8%	43,4 M €	+2.4%	42,4 M €	-36.6%	66,9 M €	+56.8%	42,6 M €	+1.5%	42 M €	+4.2%	40,3 M €	+1.3%	39,8 M €	-31.3%	58 M €
Cash	314,8 k €	+47.1%	214 k €	-42.4%	371,9 k €	+168%	138,6 k €	+41.6%	97,9 k €	-86.7%	737,2 k €	+173%	269,7 k €	-8.3%	294,1 k €	+5.4%	279,1 k €	+61.6%	172,7 k €	+6.4%	162,3 k €
Debts	161,1 k €	+13.3%	142,2 k €	-33.3%	213,2 k €	+29.3%	164,8 k €	-60.3%	415 k €	-98.3%	25,1 M €	+134%	10,7 M €	+8735%	121,1 k €	-99.4%	20,1 M €	+20.6%	16,7 M €	-41.2%	28,4 M €
Other
Workforce	2,9 ETP	0.0%	2,9 ETP	0.0%	2,9 ETP	0.0%	2,9 ETP	+3.6%	2,8 ETP	+12.0%	2,5 ETP	-13.8%	2,9 ETP	0.0%	2,9 ETP	-48.2%	5,6 ETP	0.0%	5,6 ETP	0.0%	5,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 21 ended

Active mandates

Anne GOFFARD

Director · since 27 juin 2025 · until 27 juin 2028

Active

Françoise DE WAEL

Managing director · since 27 juin 2025 · until 27 juin 2028

Active

Ended mandates

Anne GOFFARD

Director · since 22 juin 2022 · until 20 juin 2025

Ended

Anne GOFFARD

Director · since 22 juin 2022 · until 27 juin 2025

Ended

Françoise DE WAEL

Managing director · since 22 juin 2022 · until 20 juin 2025

Ended

Françoise DE WAEL

Managing director · since 22 juin 2022 · until 27 juin 2025

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	07/07/2025	08/07/2024	25/07/2023	28/06/2022	24/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	22/06/2022	18/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	30/06/2026	French	PDF
Full model	31/12/2024	27/06/2025	07/07/2025	French	PDF
Full model	31/12/2023	28/06/2024	08/07/2024	French	PDF
Full model	31/12/2022	30/06/2023	25/07/2023	French	PDF
Full model	31/12/2021	22/06/2022	28/06/2022	French	PDF
Full model	31/12/2020	18/06/2021	24/06/2021	French	PDF
Full modelCorrection	31/12/2019	26/06/2020	23/07/2020	French	PDF
Full model	31/12/2019	26/06/2020	30/06/2020	French	PDF
Full model	31/12/2018	24/06/2019	08/07/2019	Dutch	PDF
Full model	31/12/2017	28/06/2018	18/07/2018	Dutch	PDF
Full model	31/12/2016	12/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	17/06/2016	21/06/2016	Dutch	PDF
Full model	31/12/2014	19/06/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	20/06/2014	24/06/2014	Dutch	PDF
Full model	31/12/2012	27/06/2013	01/07/2013	Dutch	PDF
Full model	31/12/2011	27/06/2012	04/07/2012	Dutch	PDF
Full model	31/12/2010	27/06/2011	12/07/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	02/07/2010	Dutch	PDF
Full model	31/12/2008	29/06/2009	30/06/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	11/07/2008	Dutch	PDF
Full model	31/12/2006	19/06/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 21 ended

Active mandates

Anne GOFFARD

Director · since 27 juin 2025 · until 27 juin 2028

Active

Françoise DE WAEL

Managing director · since 27 juin 2025 · until 27 juin 2028

Active

Ended mandates

Anne GOFFARD

Director · since 22 juin 2022 · until 20 juin 2025

Ended

Anne GOFFARD

Director · since 22 juin 2022 · until 27 juin 2025

Ended

Françoise DE WAEL

Managing director · since 22 juin 2022 · until 20 juin 2025

Ended

Françoise DE WAEL

Managing director · since 22 juin 2022 · until 27 juin 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/08/2026
Renouvellement mandats administrateurs et mandat commissaire:
PDF
Registered office02/01/2024
SIEGE SOCIAL
PDF
Mandates01/03/2023
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates04/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2015
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202589,1 k €↓
2024
Annual accounts 20243,2 M €↑
2023
Annual accounts 2023762,6 k €↓
22/06/2022
reconductionAnne Goffard — administrateur
22/06/2022
reconductionFrançoise De Wael — administrateur-délégué
22/06/2022
nominationAlexis Van Bavel — commissaire
2021
Annual accounts 20211,3 M €↑
2020
Annual accounts 2020-742,6 k €↓
2019
Annual accounts 201934,3 M €↑
2018
Annual accounts 2018599 k €↑
2017
Annual accounts 2017-983,9 k €↓
2009
Annual accounts 2009589,8 k €↑
2008
Annual accounts 2008-6,5 M €↓
2007
Annual accounts 20077,1 M €
07/07/1966
IncorporationPublic limited company

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

ARTAL SERVICES

Overview

What does ARTAL SERVICES do?

Trend over 11 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline