ACTIVE

Artinian

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

424 k €

+31.7% YoY

Revenue

15,3 M €

+16.0% YoY

Equity

6 M €

+7.6% YoY

Workforce

0,2 ETP

-75.0% YoY

What does Artinian do?

Artinian is a Public limited company incorporated in 1976. Its main activity is: Wholesale of watches and jewellery. Its registered office is in Antwerpen. It employs on average 0,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.440.301

Incorporation

07/10/1976

Legal form

Public limited company

Registered office

Pelikaanstraat 62
2018 Antwerpen · FlandreSee on map

Contributed capital

750 000,00 €

Latest accounts

31/12/2025

Average workforce

0,2 ETP

Activities (NACE)

46480Wholesale of watches and jewellery· main 46480Wholesale of watches and jewellery 46761Wholesale of other intermediate products 46861Wholesale trade, except of motor vehicles and motorcycles 51474Air transport 51561Air transport

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	15,3 M €	+16.0%	13,2 M €	-5.2%	13,9 M €	-26.7%	19 M €	+10.0%	17,3 M €	+65.1%	10,5 M €	-34.0%	15,8 M €	+10.5%	14,3 M €	-14.9%	16,8 M €	-39.5%	27,9 M €	-6.3%	29,7 M €	+9.5%	27,2 M €	-16.1%	32,4 M €	-1.7%	32,9 M €	-1.5%	33,4 M €	+37.8%	24,3 M €	-27.9%	33,6 M €	-11.5%	38 M €
EBITDA	464,8 k €	+27.8%	363,5 k €	+665%	-64,3 k €	-105%	1,3 M €	+32.3%	973,6 k €	+170%	360,5 k €	-37.7%	578,4 k €	+9.5%	528 k €	-5.4%	557,9 k €	+74.0%	320,6 k €	-14.4%	374,6 k €	+1.0%	371 k €	-28.5%	518,5 k €	-28.2%	722 k €	-29.1%	1 M €	+153%	403 k €	-72.0%	1,4 M €	+9.4%	1,3 M €
Operating result	463,2 k €	+28.2%	361,4 k €	+627%	-68,6 k €	-105%	1,3 M €	+12.1%	1,1 M €	+559%	173,6 k €	-69.7%	573 k €	+49.1%	384,2 k €	-30.8%	555,1 k €	+77.1%	313,4 k €	-14.4%	366,3 k €	+3.6%	353,6 k €	-29.9%	504,7 k €	-29.5%	715,7 k €	-29.1%	1 M €	+172%	371,2 k €	-67.1%	1,1 M €	-12.4%	1,3 M €
Net result	424 k €	+31.7%	321,9 k €	+381%	-114,7 k €	-109%	1,2 M €	+10.1%	1,1 M €	+735%	133,2 k €	-72.8%	489,1 k €	+36.8%	357,5 k €	-28.3%	498,5 k €	+163%	189,4 k €	-13.7%	219,6 k €	+7.5%	204,3 k €	-32.7%	303,5 k €	-31.6%	443,4 k €	-30.8%	641 k €	+193%	219 k €	-68.3%	689,8 k €	-7.3%	744,1 k €
Balance sheet
Equity	6 M €	+7.6%	5,6 M €	-7.2%	6,1 M €	-10.0%	6,7 M €	+10.3%	6,1 M €	+22.3%	5 M €	+2.7%	4,9 M €	+7.7%	4,5 M €	+5.0%	4,3 M €	+15.4%	3,7 M €	+3.4%	3,6 M €	+4.4%	3,4 M €	+4.2%	3,3 M €	+5.9%	3,1 M €	+8.4%	2,9 M €	+21.4%	2,4 M €	+6.2%	2,2 M €	+44.7%	1,5 M €
Total assets	9,7 M €	+6.4%	9,1 M €	+11.9%	8,2 M €	-19.8%	10,2 M €	-3.3%	10,5 M €	+40.1%	7,5 M €	+8.5%	6,9 M €	-13.2%	8 M €	+10.6%	7,2 M €	-6.1%	7,7 M €	-23.5%	10 M €	+7.8%	9,3 M €	-15.1%	11 M €	-7.3%	11,8 M €	+13.5%	10,4 M €	+12.8%	9,2 M €	+1.3%	9,1 M €	-28.6%	12,8 M €
Cash	1,3 M €	-22.5%	1,7 M €	+25.9%	1,4 M €	-40.8%	2,3 M €	+27.4%	1,8 M €	+94.8%	937,9 k €	-36.0%	1,5 M €	-21.7%	1,9 M €	-12.1%	2,1 M €	-10.6%	2,4 M €	-19.5%	3 M €	+178%	1,1 M €	-47.8%	2 M €	-2.3%	2,1 M €	+9.6%	1,9 M €	-25.8%	2,6 M €	+66.2%	1,5 M €	+19.4%	1,3 M €
Debts	3,7 M €	+4.6%	3,5 M €	+66.6%	2,1 M €	-38.7%	3,5 M €	-22.0%	4,4 M €	+75.0%	2,5 M €	+22.0%	2,1 M €	-40.2%	3,5 M €	+18.7%	2,9 M €	-26.2%	4 M €	-38.5%	6,4 M €	+9.8%	5,9 M €	-23.4%	7,7 M €	-12.0%	8,7 M €	+15.4%	7,5 M €	+9.8%	6,9 M €	-0.3%	6,9 M €	-38.6%	11,2 M €
Other
Workforce	0,2 ETP	-75.0%	0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-33.3%	1,5 ETP	-25.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+33.3%	1,5 ETP	-25.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Raffi Artinian

Afgevaardigd Bestuurder · since 21 septembre 2022 · until 06 mars 2028

Active

Varoujean Artinian

Afgevaardigd Bestuurder · since 21 septembre 2022 · until 06 mars 2028

Active

Ended mandates

Varoujean Artininan

Afgevaardigd Bestuurder · since 21 septembre 2022 · until 06 mars 2028

Ended

Raffi Artinian

Mandate · since 29 avril 2016 · until 09 avril 2022

Ended

RAFFI ARTINIAN

Managing director · since 29 avril 2016 · until 29 avril 2022

Ended

Varoujean Artinian

Mandate · since 29 avril 2016 · until 29 avril 2022

Ended

At this address

Other companies at this address

Company	CBE no.
ACHINTYA JEWELS● Active	0804.410.310
ADAMAS ANTWERP● Active	0739.621.238
ADLER R.● Active	0863.211.413
AFINI DIAMONDS● Active	0518.880.021
AJ EUROPE● Active	0735.993.339
AMBEL INVEST● Active	0404.927.191
ANELLI ORO● Active	0455.633.645
ANTEX INTERNATIONAL DIAMOND CY● Active	0452.154.018
ANTWERP BRILLIANT● Bankrupt	0473.305.758
A.O.T. DIAMONDS● Bankrupt	0462.326.051
ARCADIA DIAMONDS● Active	0880.725.653
ATHENA DIAMOND● Active	0732.629.716
ATLAS GEMS● Active	0458.817.918
ATZMON● Active	0863.664.244
A.V. Gumuchdjian● Active	0404.959.954
A. ZEIDAN'S SONS● Active	0427.945.291
BARSAMIAN DIAMONDS● Active	0404.932.537
BC Holding● Active	0886.017.497
Beauty Gems● Active	0466.572.572
BEDIMEX● Active	0452.776.204

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	15/09/2026	11/09/2025	26/07/2024	31/08/2023	29/09/2022	30/09/2021
General meeting	04/09/2026	22/07/2025	22/07/2024	30/08/2023	21/09/2022	13/09/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/09/2026	15/09/2026	Dutch	PDF
Full model	31/12/2024	22/07/2025	11/09/2025	Dutch	PDF
Full model	31/12/2023	22/07/2024	26/07/2024	Dutch	PDF
Full model	31/12/2022	30/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	21/09/2022	29/09/2022	Dutch	PDF
Full model	31/12/2020	13/09/2021	30/09/2021	Dutch	PDF
Full model	31/12/2019	02/09/2020	27/10/2020	Dutch	PDF
Full model	31/12/2018	17/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	27/04/2018	04/06/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	12/06/2017	Dutch	PDF
Full model	31/12/2015	29/04/2016	24/05/2016	Dutch	PDF
Full model	31/12/2014	30/04/2015	02/06/2015	Dutch	PDF
Full model	31/12/2013	31/03/2014	24/04/2014	Dutch	PDF
Full model	31/12/2012	26/03/2013	27/05/2013	Dutch	PDF
Full model	31/12/2011	26/03/2012	13/04/2012	Dutch	PDF
Full model	31/12/2010	04/04/2011	26/05/2011	Dutch	PDF
Full model	31/12/2009	22/03/2010	27/07/2010	Dutch	PDF
Full model	31/12/2008	30/03/2009	16/06/2009	Dutch	PDF
Full model	31/12/2007	28/03/2008	29/08/2008	Dutch	PDF
Full model	31/12/2006	07/05/2007	28/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 15 ended

Active mandates

Raffi Artinian

Afgevaardigd Bestuurder · since 21 septembre 2022 · until 06 mars 2028

Active

Varoujean Artinian

Afgevaardigd Bestuurder · since 21 septembre 2022 · until 06 mars 2028

Active

Ended mandates

Varoujean Artininan

Afgevaardigd Bestuurder · since 21 septembre 2022 · until 06 mars 2028

Ended

Raffi Artinian

Mandate · since 29 avril 2016 · until 09 avril 2022

Ended

RAFFI ARTINIAN

Managing director · since 29 avril 2016 · until 29 avril 2022

Ended

Varoujean Artinian

Mandate · since 29 avril 2016 · until 29 avril 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2013
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 2025424 k €↑
2024
Annual accounts 2024321,9 k €↑
2023
Annual accounts 2023-114,7 k €↓
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 2020133,2 k €↓
2019
Annual accounts 2019489,1 k €↑
2018
Annual accounts 2018357,5 k €↓
2017
Annual accounts 2017498,5 k €↑
2015
Annual accounts 2015189,4 k €↓
2014
Annual accounts 2014219,6 k €↑
2013
Annual accounts 2013204,3 k €↓
2012
Annual accounts 2012303,5 k €↓
2011
Annual accounts 2011443,4 k €↓
2010
Annual accounts 2010641 k €↑
2009
Annual accounts 2009219 k €↓
2008
Annual accounts 2008689,8 k €↓
2007
Annual accounts 2007744,1 k €
07/10/1976
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

Artinian

Overview

What does Artinian 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