ACTIVE

ARTILIEGE

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Financial year 2025 · closed on 31/12/2025

Net result

9,1 k €

+908.6% YoY

Gross margin

1,5 M €

+19.5% YoY

Equity

643,4 k €

+1.4% YoY

Workforce

18,1 ETP

-9.0% YoY

What does ARTILIEGE do?

ARTILIEGE is a Public limited company incorporated in 1981. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Liège. It employs on average 18,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.452.825

Incorporation

09/04/1981

Legal form

Public limited company

Registered office

Rue Saint-Vincent 18
4020 Liège · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

18,1 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines 33120Repair of machinery 71121Engineering activities and related technical consultancy

Joint committees (2)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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	1,5 M €	+19.5%	1,2 M €	-12.4%	1,4 M €	+24.0%	1,1 M €	+56.8%	723,8 k €	-3.4%	749 k €	-9.5%	827,7 k €	+15.9%	714,1 k €	-12.3%	814,6 k €	-5.2%	859,5 k €	+22.8%	700,1 k €	-17.1%	844,9 k €	-8.8%	926,4 k €	+14.0%	812,4 k €	-6.8%	871,7 k €	+61.8%	538,7 k €	-10.8%	604,2 k €	-39.6%	1 M €	+25.8%	795,2 k €	+1.8%	781,2 k €
EBITDA	163,5 k €	+275%	-93,5 k €	-166%	140,8 k €	+12.3%	125,4 k €	-8.5%	137 k €	-37.5%	219,3 k €	+592%	31,7 k €	-78.2%	145,3 k €	-30.7%	209,5 k €	-3.1%	216,2 k €	+86.5%	115,9 k €	-33.7%	174,7 k €	-11.9%	198,2 k €	+54.2%	128,6 k €	-63.2%	349,1 k €	+340%	79,3 k €	-13.4%	91,6 k €	-65.8%	268,2 k €	+2.4%	261,9 k €	-9.8%	290,4 k €
Operating result	72,9 k €	+87.0%	39 k €	+17.9%	33,1 k €	+218%	10,4 k €	+209%	-9,5 k €	-111%	85,6 k €	+171%	-121,3 k €	-2870%	-4,1 k €	-106%	69,3 k €	+76.1%	39,3 k €	+230%	-30,2 k €	-223%	24,6 k €	-53.2%	52,6 k €	+972%	-6 k €	-102%	243,9 k €	+905%	-30,3 k €	-15.6%	-26,2 k €	-116%	162,8 k €	-9.9%	180,6 k €	-22.6%	233,4 k €
Net result	9,1 k €	+909%	902 €	-77.8%	4,1 k €	+126%	-15,4 k €	+44.3%	-27,7 k €	-142%	66,1 k €	+142%	-155,8 k €	-352%	-34,5 k €	-192%	37,3 k €	+2285%	1,6 k €	+104%	-41,9 k €	-1700%	2,6 k €	-92.5%	34,7 k €	+303%	-17,1 k €	-109%	185,9 k €	+457%	-52 k €	+8.0%	-56,6 k €	-157%	99,5 k €	-17.8%	121 k €	-7.3%	130,5 k €
Balance sheet
Equity	643,4 k €	+1.4%	634,3 k €	+0.1%	633,4 k €	+0.6%	629,3 k €	-2.4%	644,7 k €	-4.1%	672,4 k €	+10.9%	606,3 k €	-20.4%	762,1 k €	-4.3%	796,6 k €	+4.9%	759,3 k €	+0.2%	757,7 k €	-5.2%	799,6 k €	+0.3%	796,9 k €	+4.6%	762,2 k €	-2.2%	779,4 k €	+31.3%	593,5 k €	-8.1%	645,5 k €	-8.1%	702,1 k €	+16.5%	602,5 k €	+25.1%	481,5 k €
Total assets	2,6 M €	+5.1%	2,4 M €	-10.2%	2,7 M €	+8.6%	2,5 M €	+14.2%	2,2 M €	-1.0%	2,2 M €	-8.8%	2,4 M €	-12.4%	2,8 M €	-2.3%	2,8 M €	+13.2%	2,5 M €	-11.7%	2,8 M €	+19.3%	2,4 M €	+14.4%	2,1 M €	+11.8%	1,9 M €	-5.0%	2 M €	+23.6%	1,6 M €	+17.7%	1,4 M €	-11.9%	1,5 M €	-8.4%	1,7 M €	-5.1%	1,8 M €
Cash	496,6 k €	+50.9%	329,2 k €	-20.0%	411,3 k €	+2.7%	400,6 k €	+30.9%	306 k €	-3.7%	317,8 k €	+41.8%	224,1 k €	+158%	87 k €	-36.0%	136 k €	-54.5%	299,2 k €	-12.2%	340,9 k €	+116%	157,7 k €	-44.5%	284,1 k €	-41.1%	482,4 k €	+20.3%	401 k €	+42.7%	281,1 k €	+96.0%	143,4 k €	-46.7%	269 k €	+128%	118,2 k €	-54.2%	258,3 k €
Debts	1,9 M €	+5.8%	1,8 M €	-12.7%	2,1 M €	+12.0%	1,9 M €	+20.7%	1,5 M €	+0.4%	1,5 M €	-15.4%	1,8 M €	-9.6%	2 M €	-1.6%	2 M €	+16.6%	1,7 M €	-16.4%	2,1 M €	+32.0%	1,6 M €	+23.3%	1,3 M €	+18.5%	1,1 M €	-7.4%	1,2 M €	+21.5%	961,4 k €	+37.9%	697,3 k €	-14.2%	812,9 k €	-21.9%	1 M €	-16.7%	1,2 M €
Other
Workforce	18,1 ETP	-9.0%	19,9 ETP	+11.8%	17,8 ETP		–		9,2 ETP	-9.8%	10,2 ETP	-4.7%	10,7 ETP	+0.9%	10,6 ETP	-15.9%	12,6 ETP	-11.3%	14,2 ETP	+25.7%	11,3 ETP	-6.6%	12,1 ETP	-7.6%	13,1 ETP	-1.5%	13,3 ETP	+33.0%	10,0 ETP	0.0%	10,0 ETP	-9.1%	11,0 ETP	-36.4%	17,3 ETP	+17.7%	14,7 ETP	+20.5%	12,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

LA PROMOTION COMMERCIALE

Managing director · since 22 septembre 2023 · until 22 septembre 2029 · 0430.381.179

Represented by Vincent VANDRECQ

Active

SA ARTI LUXEMBOURG

Managing director · since 22 septembre 2023 · until 22 septembre 2029

Represented by Antoine LAMARCHE

Active

Ended mandates

ZIMMER et Cie

Managing director · since 22 septembre 2023 · until 22 septembre 2029 · 0426.552.055

Represented by Arnaud JAMIN

Ended

Christian VANDERSANDEN

Managing director · since 31 mai 2023 · until 31 mai 2029

Ended

SA ARTI LUXEMBOURG

Managing director · since 31 mai 2023 · until 31 mai 2029

Represented by Christian VANDERSANDEN

Ended

LA PROMOTION COMMERCIALE

Managing director · since 09 juin 2021 · until 09 juin 2027 · 0430.381.179

Represented by Vincent VANDRECQ

Ended

At this address

Other companies at this address

Company	CBE no.
EAST WEST INVEST● Bankrupt	0840.876.073
ETS FRANCIS DENIS● Active	0415.659.450

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	13/07/2026	20/08/2025	24/08/2024	24/08/2023	25/08/2022	13/07/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	31/05/2023	14/06/2022	08/06/2021
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	09/06/2026	13/07/2026	French	PDF
Abridged model	31/12/2024	10/06/2025	20/08/2025	French	PDF
Abridged model	31/12/2023	11/06/2024	24/08/2024	French	PDF
Abridged model	31/12/2022	31/05/2023	24/08/2023	French	PDF
Abridged model	31/12/2021	14/06/2022	25/08/2022	French	PDF
Abridged model	31/12/2020	08/06/2021	13/07/2021	French	PDF
Abridged model	31/12/2019	09/06/2020	18/09/2020	French	PDF
Abridged model	31/12/2018	11/06/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	12/06/2018	16/07/2018	French	PDF
Abridged model	31/12/2016	01/06/2017	14/07/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	26/08/2016	French	PDF
Abridged model	31/12/2014	09/06/2015	30/08/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	16/08/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	12/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	07/06/2011	28/07/2011	French	PDF
Abridged model	31/12/2009	08/06/2010	19/08/2010	French	PDF
Abridged model	31/12/2008	09/06/2009	29/07/2009	French	PDF
Abridged model	31/12/2007	10/06/2008	23/07/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	18/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 24 ended

Active mandates

LA PROMOTION COMMERCIALE

Managing director · since 22 septembre 2023 · until 22 septembre 2029 · 0430.381.179

Represented by Vincent VANDRECQ

Active

SA ARTI LUXEMBOURG

Managing director · since 22 septembre 2023 · until 22 septembre 2029

Represented by Antoine LAMARCHE

Active

Ended mandates

ZIMMER et Cie

Managing director · since 22 septembre 2023 · until 22 septembre 2029 · 0426.552.055

Represented by Arnaud JAMIN

Ended

Christian VANDERSANDEN

Managing director · since 31 mai 2023 · until 31 mai 2029

Ended

SA ARTI LUXEMBOURG

Managing director · since 31 mai 2023 · until 31 mai 2029

Represented by Christian VANDERSANDEN

Ended

LA PROMOTION COMMERCIALE

Managing director · since 09 juin 2021 · until 09 juin 2027 · 0430.381.179

Represented by Vincent VANDRECQ

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates09/10/2023
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates31/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates04/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates01/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates16/12/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates20/06/2017
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 20259,1 k €↑
2024
Annual accounts 2024902 €↓
2023
Annual accounts 20234,1 k €↑
2022
Annual accounts 2022-15,4 k €↑
2021
Annual accounts 2021-27,7 k €↓
2020
Annual accounts 202066,1 k €↑
2019
Annual accounts 2019-155,8 k €↓
2018
Annual accounts 2018-34,5 k €↓
2017
Annual accounts 201737,3 k €↑
2016
Annual accounts 20161,6 k €↑
2015
Annual accounts 2015-41,9 k €↓
2014
Annual accounts 20142,6 k €↓
2013
Annual accounts 201334,7 k €↑
2012
Annual accounts 2012-17,1 k €↓
2011
Annual accounts 2011185,9 k €↑
2010
Annual accounts 2010-52 k €↑
2009
Annual accounts 2009-56,6 k €↓
2008
Annual accounts 200899,5 k €↓
2007
Annual accounts 2007121 k €↓
2006
Annual accounts 2006130,5 k €
09/04/1981
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

ARTILIEGE

Overview

What does ARTILIEGE 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