ACTIVE

Artec

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Financial year 2025 · closed on 31/12/2025

Net result

615,1 k €

-17.5% YoY

Gross margin

2,1 M €

-5.1% YoY

Equity

3,8 M €

-1.4% YoY

Workforce

23,7 ETP

-7.8% YoY

What does Artec do?

Artec is a Public limited company incorporated in 1970. Its main activity is: Retail sale of hardware, paints and glass in specialised stores. Its registered office is in Huy. It employs on average 23,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0408.331.990

Incorporation

30/12/1970

Legal form

Public limited company

Registered office

Quai de Compiègne 73
4500 Huy · WallonieSee on map

Contributed capital

158 625,30 €

Latest accounts

31/12/2025

Average workforce

23,7 ETP

Activities (NACE)

47521Retail sale of hardware, paints and glass in specialised stores· main 47521Retail sale of hardware, paints and glass in specialised stores 52462Warehousing and support activities for transportation 46431Wholesale of electrical household appliances 46431Wholesale of electrical household appliances 47120Retail sale in non-specialised stores+5

Joint committees (5)

100
10000
14904
201
20100

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,1 M €	-5.1%	2,2 M €	-7.9%	2,4 M €	-9.8%	2,7 M €	-7.0%	2,9 M €	+85.4%	1,6 M €	+10.6%	1,4 M €	-36.7%	2,2 M €		–		–		–		–		–		–		–		–		–		–
EBITDA	965,1 k €	-15.2%	1,1 M €	-14.0%	1,3 M €	-21.8%	1,7 M €	-11.5%	1,9 M €	+117%	879,5 k €	+14.7%	766,8 k €	-50.6%	1,6 M €	+59.5%	974 k €	-1.6%	989,8 k €	+1.4%	975,6 k €	-17.6%	1,2 M €	-5.7%	1,3 M €	+10.2%	1,1 M €	-10.5%	1,3 M €	+46.7%	868 k €	-25.7%	1,2 M €	+4.1%	1,1 M €
Operating result	666,9 k €	-19.4%	827,1 k €	-15.1%	973,8 k €	-20.7%	1,2 M €	-13.5%	1,4 M €	+132%	612,9 k €	-7.2%	660,8 k €	-54.4%	1,4 M €	+77.9%	814,6 k €	-1.1%	823,8 k €	+4.7%	786,6 k €	-20.8%	993,5 k €	-7.2%	1,1 M €	+12.1%	955,5 k €	-6.5%	1 M €	+53.2%	667,2 k €	-33.0%	996,2 k €	+9.0%	913,6 k €
Net result	615,1 k €	-17.5%	745,4 k €	-11.3%	840,1 k €	-18.6%	1 M €	-14.1%	1,2 M €	+138%	504,1 k €	+4.3%	483,5 k €	-52.4%	1 M €	+67.3%	607,8 k €	-2.4%	622,5 k €	-12.1%	707,9 k €	-10.7%	792,7 k €	+0.2%	791,6 k €	+1.5%	780 k €	-3.4%	807,4 k €	+39.6%	578,2 k €	-26.4%	785,7 k €	+16.9%	672,2 k €
Balance sheet
Equity	3,8 M €	-1.4%	3,8 M €	-0.9%	3,8 M €	-22.4%	5 M €	-1.4%	5 M €	+10.2%	4,6 M €	+1.2%	4,5 M €	+0.7%	4,5 M €	+0.4%	4,5 M €	-38.2%	7,2 M €	+1.7%	7,1 M €	+5.2%	6,7 M €	+4.5%	6,4 M €	+4.7%	6,1 M €	+4.8%	5,9 M €	+5.5%	5,6 M €	+11.6%	5 M €	+18.7%	4,2 M €
Total assets	6,9 M €	-13.3%	7,9 M €	+3.9%	7,6 M €	-24.7%	10,1 M €	+3.5%	9,8 M €	+13.2%	8,6 M €	+28.2%	6,7 M €	+10.5%	6,1 M €	+9.8%	5,5 M €	-32.1%	8,2 M €	+3.4%	7,9 M €	+1.9%	7,8 M €	+3.7%	7,5 M €	+2.5%	7,3 M €	-4.2%	7,6 M €	+10.2%	6,9 M €	+5.5%	6,5 M €	+18.4%	5,5 M €
Cash	708,9 k €	-63.9%	2 M €	+264%	539,7 k €	-79.4%	2,6 M €	+122%	1,2 M €	-38.7%	1,9 M €	+1.1%	1,9 M €	-7.5%	2,1 M €	+6.0%	1,9 M €	-2.1%	2 M €	+0.2%	2 M €	+53.8%	1,3 M €	+107%	624,2 k €	+458%	111,9 k €	-43.9%	199,3 k €	+0.6%	198,2 k €	+82.2%	108,8 k €	-55.4%	244,1 k €
Debts	2,8 M €	-27.2%	3,9 M €	+10.5%	3,5 M €	-28.6%	4,9 M €	+9.7%	4,5 M €	+16.3%	3,9 M €	+94.2%	2 M €	+43.4%	1,4 M €	+27.4%	1,1 M €	+13.1%	963,8 k €	+17.7%	818,9 k €	-19.5%	1 M €	-1.5%	1 M €	-8.4%	1,1 M €	-34.7%	1,7 M €	+31.5%	1,3 M €	-14.1%	1,5 M €	+16.1%	1,3 M €
Other
Workforce	23,7 ETP	-7.8%	25,7 ETP	-9.8%	28,5 ETP	+6.3%	26,8 ETP	-5.3%	28,3 ETP	+41.5%	20,0 ETP	+5.3%	19,0 ETP	-5.9%	20,2 ETP	-20.2%	25,3 ETP	-29.3%	35,8 ETP	-4.8%	37,6 ETP	+7.1%	35,1 ETP	+3.5%	33,9 ETP	+3.7%	32,7 ETP	+4.1%	31,4 ETP	+18.9%	26,4 ETP	+0.8%	26,2 ETP	+16.4%	22,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 20 ended

Active mandates

GIKINVEST

Director · 0632.803.848

Represented by Gilles Delvaux

Active

Ended mandates

GIKINVEST

Director · since 22 décembre 2020 · 0632.803.848

Represented by Gilles Delvaux

Ended

André Delvaux

Director · since 21 juin 2019 · until 22 décembre 2020

Ended

André DELVAUX

Director · since 21 juin 2019 · until 20 juin 2025

Ended

GIKINVEST

Managing director · since 21 juin 2019 · until 20 juin 2025 · 0632.803.848

Represented by Gilles DELVAUX

Ended

At this address

Other companies at this address

Company	CBE no.
GIKINVEST● Active	0632.803.848

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	03/07/2026	17/07/2025	03/07/2024	20/06/2023	27/06/2022	23/06/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	03/07/2026	French	PDF
Abridged model	31/12/2024	20/06/2025	17/07/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	03/07/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	20/06/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	27/06/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	23/06/2021	French	PDF
Abridged model	31/12/2019	19/06/2020	22/06/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	11/07/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	21/06/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	06/07/2017	French	PDF
Full model	31/12/2015	17/06/2016	22/06/2016	French	PDF
Full model	31/12/2014	29/06/2015	09/07/2015	French	PDF
Full model	31/12/2013	20/06/2014	26/06/2014	French	PDF
Full model	31/12/2012	21/06/2013	17/07/2013	French	PDF
Full model	31/12/2011	15/06/2012	13/07/2012	French	PDF
Full model	31/12/2010	17/06/2011	30/06/2011	French	PDF
Full model	31/12/2009	18/06/2010	07/07/2010	French	PDF
Full model	31/12/2008	19/06/2009	01/07/2009	French	PDF
Full model	31/12/2007	20/06/2008	23/06/2008	French	PDF
Full model	31/12/2006	15/06/2007	21/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 20 ended

Active mandates

GIKINVEST

Director · 0632.803.848

Represented by Gilles Delvaux

Active

Ended mandates

GIKINVEST

Director · since 22 décembre 2020 · 0632.803.848

Represented by Gilles Delvaux

Ended

André Delvaux

Director · since 21 juin 2019 · until 22 décembre 2020

Ended

André DELVAUX

Director · since 21 juin 2019 · until 20 juin 2025

Ended

GIKINVEST

Managing director · since 21 juin 2019 · until 20 juin 2025 · 0632.803.848

Represented by Gilles DELVAUX

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/09/2021
DEMISSIONS, NOMINATIONS
PDF
Other28/12/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/07/2019
DEMISSIONS, NOMINATIONS
PDF
Restructuring11/09/2015
ASSEMBLEE GENERALE - ANNEE COMPTABLE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates06/08/2015
DEMISSIONS, NOMINATIONS
PDF
Restructuring24/06/2015
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates13/08/2013
DEMISSIONS, NOMINATIONS
PDF
Capital / shares14/01/2009
OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025615,1 k €↓
2024
Annual accounts 2024745,4 k €↓
2023
Annual accounts 2023840,1 k €↓
2022
Annual accounts 20221 M €↓
2021
Annual accounts 20211,2 M €↑
2018
Annual accounts 2018504,1 k €↑
2017
Annual accounts 2017483,5 k €↓
2016
Annual accounts 20161 M €↑
2015
Annual accounts 2015607,8 k €↓
2014
Annual accounts 2014622,5 k €↓
2013
Annual accounts 2013707,9 k €↓
2012
Annual accounts 2012792,7 k €↑
2011
Annual accounts 2011791,6 k €↑
2010
Annual accounts 2010780 k €↓
2009
Annual accounts 2009807,4 k €↑
2008
Annual accounts 2008578,2 k €↓
2007
Annual accounts 2007785,7 k €↑
2006
Annual accounts 2006672,2 k €
30/12/1970
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

Artec

Overview

What does Artec do?

Trend over 18 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