ACTIVE

APPARTMAN

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Financial year 2025 · closed on 31/12/2025

Net result

-39,9 k €

+52.1% YoY

Gross margin

140,1 k €

+93.0% YoY

Equity

450,7 k €

-10.0% YoY

What does APPARTMAN do?

APPARTMAN is a Public limited company incorporated in 1971. Its registered office is in Mont-Saint-Guibert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0411.516.362

Incorporation

09/09/1971

Legal form

Public limited company

Registered office

Place du Peuple 3 box 2/A
1435 Mont-Saint-Guibert · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	140,1 k €	+93.0%	72,6 k €	+4.5%	69,5 k €	-74.6%	273,9 k €	+474%	47,7 k €	+51.3%	31,5 k €	-13.4%	36,4 k €	+0.4%	36,3 k €	-83.8%	224,2 k €	+289%	57,6 k €	-46.0%	106,8 k €	+238%	31,6 k €	-20.4%	39,6 k €	+49.8%	26,5 k €	-21.0%	33,5 k €	-4.8%	35,2 k €	+54.5%	22,8 k €	+70.1%	13,4 k €	-6.7%	14,3 k €	+20.5%	11,9 k €
EBITDA	110,5 k €	+94.3%	56,8 k €	-5.3%	60 k €	-77.5%	267,2 k €	+574%	39,6 k €	+66.0%	23,9 k €	-15.2%	28,2 k €	-1.0%	28,4 k €	-86.8%	215,3 k €	+349%	48 k €	-51.7%	99,3 k €	+286%	25,7 k €	-16.5%	30,8 k €	+56.8%	19,6 k €	-27.1%	26,9 k €	-6.8%	28,9 k €	+107%	14 k €	+18.2%	11,8 k €	+60.7%	7,4 k €	+69.8%	4,3 k €
Operating result	19,4 k €	+167%	-29 k €	-175%	38,5 k €	-84.7%	251 k €	+1355%	17,3 k €	+246%	5 k €	-49.5%	9,9 k €	+235%	3 k €	-98.5%	194 k €	+474%	33,8 k €	-60.1%	84,8 k €	+728%	10,2 k €	+951%	-1,2 k €	+91.4%	-14 k €	+41.2%	-23,8 k €	-248%	16 k €	+1380%	-1,3 k €	+92.9%	-17,7 k €	+47.6%	-33,9 k €	+9.7%	-37,5 k €
Net result	-39,9 k €	+52.1%	-83,3 k €	-690%	14,1 k €	-92.4%	185,8 k €	+1379%	12,6 k €	+364%	-4,8 k €	-155%	8,6 k €	+580%	1,3 k €	-99.0%	129,9 k €	+948%	12,4 k €	-84.4%	79,6 k €	+733%	9,6 k €	+438%	-2,8 k €	-107%	40,7 k €	+213%	-36,1 k €	-228%	28,1 k €	+125%	12,5 k €	+229%	-9,7 k €	+76.5%	-41,2 k €	-520%	-6,6 k €
Balance sheet
Equity	450,7 k €	-10.0%	500,6 k €	-14.3%	584 k €	+2.5%	569,9 k €	+48.4%	384 k €	+3.4%	371,4 k €	-1.3%	376,2 k €	+2.3%	367,6 k €	+0.3%	366,4 k €	+54.9%	236,5 k €	+5.5%	224,1 k €	+55.1%	144,5 k €	+7.1%	134,9 k €	-2.1%	137,8 k €	+41.9%	97,1 k €	-27.1%	133,2 k €	+26.7%	105,1 k €	+13.5%	92,6 k €	-9.4%	102,3 k €	-28.7%	143,4 k €
Total assets	2,2 M €	-3.7%	2,3 M €	+26.1%	1,8 M €	+28.1%	1,4 M €	+126%	638,3 k €	+20.5%	529,8 k €	+34.6%	393,6 k €	-5.8%	417,8 k €	+1.4%	411,9 k €	+53.0%	269,1 k €	-1.9%	274,4 k €	+32.2%	207,6 k €	-5.3%	219,3 k €	-11.3%	247,2 k €	-0.2%	247,7 k €	-11.3%	279,2 k €	-2.3%	285,6 k €	-6.6%	305,7 k €	-12.4%	348,9 k €	-14.7%	408,9 k €
Cash	28,9 k €	+26.6%	22,8 k €	-42.8%	39,9 k €	+51.4%	26,3 k €	-8.5%	28,8 k €	+2.5%	28,1 k €	+154%	11 k €	-41.6%	18,9 k €	+49.2%	12,7 k €	-85.8%	89,6 k €	-17.2%	108,1 k €	+302%	26,9 k €	-22.3%	34,6 k €	-49.4%	68,4 k €	+33.6%	51,2 k €	-18.1%	62,6 k €	+155%	24,5 k €	-10.0%	27,2 k €	-44.5%	49,1 k €	-36.0%	76,7 k €
Debts	1,8 M €	-1.8%	1,8 M €	+46.4%	1,2 M €	+47.9%	823,8 k €	+246%	238,4 k €	+54.3%	154,6 k €	+989%	14,2 k €	-69.0%	45,7 k €	+14.7%	39,9 k €	+54.4%	25,8 k €	-38.9%	42,2 k €	-21.5%	53,8 k €	-27.1%	73,9 k €	-24.4%	97,8 k €	-29.0%	137,8 k €	+4.4%	132 k €	-20.2%	165,3 k €	-15.9%	196,7 k €	-14.6%	230,3 k €	-7.1%	247,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

François Bertholet

Managing director · since 13 novembre 2019 · until 13 novembre 2025

Active

Ended mandates

Monique Zeyen

Director · since 13 novembre 2019 · until 13 novembre 2025

Ended

Denise FRIAND

Director · since 21 juin 2011 · until 21 juin 2017

Ended

Denise FRIAND

Director · since 21 juin 2011 · until 22 mai 2023

Ended

Jean-Pierre GARITTE

Director · since 21 juin 2011 · until 21 juin 2017

Ended

At this address

Other companies at this address

Company	CBE no.
ARLI INVEST● Active	1005.154.580
C.B.G. ATELIER AUTOMOBILE● Active	0465.129.549
ELLIMMOBI● Active	0467.534.258
IMMO SYMPA● Active	0789.470.033
IMPEC'ARBRE● Active	0894.935.163
PROWINES● Active	0729.759.110

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	18/06/2026	10/07/2025	09/07/2024	14/08/2023	23/08/2022	03/08/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/07/2023	14/06/2022	15/06/2021
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
Micro model	31/12/2025	16/06/2026	18/06/2026	French	PDF
Micro model	31/12/2024	17/06/2025	10/07/2025	French	PDF
Micro model	31/12/2023	18/06/2024	09/07/2024	French	PDF
Micro model	31/12/2022	20/07/2023	14/08/2023	French	PDF
Micro model	31/12/2021	14/06/2022	23/08/2022	French	PDF
Micro model	31/12/2020	15/06/2021	03/08/2021	French	PDF
Micro modelCorrection	31/12/2019	16/06/2020	17/08/2021	French	PDF
Micro model	31/12/2019	16/06/2020	24/07/2020	French	PDF
Micro model	31/12/2018	18/06/2019	26/06/2019	French	PDF
Micro model	31/12/2017	19/06/2018	27/07/2018	French	PDF
Micro model	31/12/2016	20/06/2017	22/06/2017	French	PDF
Abridged model	31/12/2015	21/06/2016	01/08/2016	French	PDF
Abridged model	31/12/2014	16/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	17/06/2014	25/08/2014	French	PDF
Abridged model	31/12/2012	18/06/2013	26/07/2013	French	PDF
Abridged model	31/12/2011	19/06/2012	21/09/2012	French	PDF
Abridged model	31/12/2010	21/06/2011	28/09/2011	French	PDF
Abridged model	31/12/2009	08/10/2010	02/11/2010	French	PDF
Abridged model	31/12/2008	04/05/2009	29/10/2009	French	PDF
Abridged model	31/12/2007	31/05/2008	29/09/2008	French	PDF
Abridged model	31/12/2006	18/06/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 13 ended

Active mandates

François Bertholet

Managing director · since 13 novembre 2019 · until 13 novembre 2025

Active

Ended mandates

Monique Zeyen

Director · since 13 novembre 2019 · until 13 novembre 2025

Ended

Denise FRIAND

Director · since 21 juin 2011 · until 21 juin 2017

Ended

Denise FRIAND

Director · since 21 juin 2011 · until 22 mai 2023

Ended

Jean-Pierre GARITTE

Director · since 21 juin 2011 · until 21 juin 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/11/2025
DEMISSIONS, NOMINATIONS
PDF
Restructuring24/09/2024
DENOMINATION - SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring27/06/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates06/12/2019
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates13/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates04/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates23/11/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates21/09/2005
DEMISSIONS, NOMINATIONS
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 2025-39,9 k €↑
2024
Annual accounts 2024-83,3 k €↓
2024
Name changeAPPARTMAN
2023
Annual accounts 202314,1 k €↓
2022
Annual accounts 2022185,8 k €↑
2021
Annual accounts 202112,6 k €↑
2020
Annual accounts 2020-4,8 k €↓
2019
Annual accounts 20198,6 k €↑
2018
Annual accounts 20181,3 k €↓
2017
Annual accounts 2017129,9 k €↑
2016
Annual accounts 201612,4 k €↓
2015
Annual accounts 201579,6 k €↑
2014
Annual accounts 20149,6 k €↑
2013
Annual accounts 2013-2,8 k €↓
2012
Annual accounts 201240,7 k €↑
2011
Annual accounts 2011-36,1 k €↓
2010
Annual accounts 201028,1 k €↑
2009
Annual accounts 200912,5 k €↑
2008
Annual accounts 2008-9,7 k €↑
2007
Annual accounts 2007-41,2 k €↓
2006
Annual accounts 2006-6,6 k €
2006
Name changeJosimmo
09/09/1971
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

APPARTMAN

Overview

What does APPARTMAN do?

Trend over 20 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