ACTIVE

ARLU

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Financial year 2025 · closed on 31/12/2025

Net result

5,4 M €

-5.2% YoY

Revenue

30,2 M €

-3.2% YoY

Equity

37,2 M €

+16.9% YoY

Workforce

82,5 ETP

-2.3% YoY

What does ARLU do?

ARLU is a Public limited company incorporated in 1981. Its registered office is in Ardooie. It employs on average 82,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.575.460

Incorporation

01/01/1981

Legal form

Public limited company

Registered office

Ter Vlucht 2
8850 Ardooie · FlandreSee on map

Contributed capital

1 553 424,46 €

Latest accounts

31/12/2025

Average workforce

82,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	30,2 M €	-3.2%	31,2 M €	-1.6%	31,7 M €	-7.4%	34,3 M €	+111%	16,3 M €	-5.7%	17,2 M €	+3.5%	16,7 M €	-3.0%	17,2 M €	+3.9%	16,5 M €	+12.4%	14,7 M €	+2.6%	14,4 M €	+3.3%	13,9 M €	-9.7%	15,4 M €	+14.3%	13,5 M €	+9.3%	12,3 M €	-0.2%	12,3 M €	-3.8%	12,8 M €	+10.1%	11,7 M €
EBITDA	7,3 M €	-0.4%	7,3 M €	-1.1%	7,4 M €	+7.8%	6,9 M €	+201%	2,3 M €	+87.6%	1,2 M €	+53.3%	795 k €	+7.5%	739,7 k €	-30.7%	1,1 M €	-9.9%	1,2 M €	-11.7%	1,3 M €	+15.3%	1,2 M €	-30.9%	1,7 M €	+27.2%	1,3 M €	+4.5%	1,3 M €	+53.1%	828,1 k €	-29.0%	1,2 M €	+36.5%	853,8 k €
Operating result	6,2 M €	-7.7%	6,7 M €	+16.8%	5,8 M €	+15.4%	5 M €	+219%	1,6 M €	+253%	444,4 k €	+1219%	-39,7 k €	+78.9%	-188,3 k €	-183%	225,6 k €	-16.5%	270,1 k €	-11.4%	305 k €	+7.9%	282,7 k €	-72.1%	1 M €	+39.7%	725 k €	+2.6%	706,7 k €	+171%	261,2 k €	-62.4%	695,3 k €	+56.0%	445,8 k €
Net result	5,4 M €	-5.2%	5,7 M €	+22.8%	4,6 M €	+5.7%	4,4 M €	+262%	1,2 M €	+199%	403,6 k €	+5307%	-7,8 k €	+97.9%	-366,4 k €	-3834%	-9,3 k €	-136%	26,1 k €	+101%	13 k €	-75.4%	52,8 k €	-90.6%	558,9 k €	+54.6%	361,5 k €	-9.8%	400,7 k €	+1062%	34,5 k €	-89.6%	333,1 k €	+20.6%	276,2 k €
Balance sheet
Equity	37,2 M €	+16.9%	31,8 M €	+21.7%	26,1 M €	+21.5%	21,5 M €	+858%	2,2 M €	-31.7%	3,3 M €	+13.5%	2,9 M €	+2.0%	2,8 M €	-11.4%	3,2 M €	-0.3%	3,2 M €	-15.1%	3,8 M €	-16.4%	4,5 M €	-11.2%	5,1 M €	+21.9%	4,2 M €	+9.5%	3,8 M €	+11.7%	3,4 M €	+1.0%	3,4 M €	+10.9%	3,1 M €
Total assets	39,7 M €	+15.6%	34,4 M €	+18.3%	29 M €	+7.7%	27 M €	+83.8%	14,7 M €	+11.5%	13,2 M €	+0.3%	13,1 M €	+13.1%	11,6 M €	-1.3%	11,7 M €	+5.5%	11,1 M €	-1.7%	11,3 M €	-1.2%	11,5 M €	+5.4%	10,9 M €	+13.7%	9,6 M €	+11.9%	8,6 M €	+6.3%	8 M €	+2.6%	7,8 M €	+17.2%	6,7 M €
Cash	2,3 M €	+13.5%	2 M €	-18.2%	2,4 M €	-18.5%	3 M €	+59.5%	1,9 M €	+554%	286,6 k €	-67.8%	889,3 k €	+73.9%	511,3 k €	+120%	231,9 k €	-36.7%	366,4 k €	+26.0%	290,9 k €	-40.9%	492,2 k €	-27.4%	678 k €	+29.3%	524,5 k €	-36.8%	830 k €	+18.6%	699,6 k €	+92.0%	364,3 k €	+40.4%	259,4 k €
Debts	2,5 M €	+0.4%	2,5 M €	-9.2%	2,7 M €	-46.6%	5,1 M €	-58.3%	12,3 M €	+26.0%	9,8 M €	-3.8%	10,2 M €	+16.8%	8,7 M €	+2.3%	8,5 M €	+8.0%	7,9 M €	+5.4%	7,5 M €	+9.0%	6,9 M €	+21.2%	5,7 M €	+9.8%	5,2 M €	+13.0%	4,6 M €	+3.2%	4,4 M €	+3.3%	4,3 M €	+22.5%	3,5 M €
Other
Workforce	82,5 ETP	-2.3%	84,4 ETP	-6.3%	90,1 ETP	-8.6%	98,6 ETP	+8.8%	90,6 ETP	-13.6%	104,9 ETP	-7.3%	113,2 ETP	-2.5%	116,1 ETP	+11.8%	103,8 ETP	+2.2%	101,6 ETP	+7.4%	94,6 ETP	-0.8%	95,4 ETP	-1.3%	96,7 ETP	+2.1%	94,7 ETP	-7.0%	101,8 ETP	-2.4%	104,3 ETP	+0.3%	104,0 ETP	+5.4%	98,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 27 ended

Active mandates

Leon RENSON

Director · since 30 juin 2022 · until 24 avril 2028

Active

WISCO

Managing director · since 30 juin 2022 · until 24 avril 2028 · 0824.102.201

Represented by Paul RENSON

Active

Luc RENSON

Director · since 30 décembre 2021 · until 26 avril 2027

Active

Beau Noir

Managing director · since 29 juin 2021 · until 09 juillet 2025 · 0536.830.464

Represented by Wim WAELKENS

Active

Ended mandates

Beau Noir

Managing director · since 29 juin 2021 · until 26 avril 2027 · 0536.830.464

Represented by Wim WAELKENS

Ended

WISCO

Managing director · since 01 janvier 2018 · until 25 avril 2022 · 0824.102.201

Represented by Paul Renson

Ended

WISCO

Director · since 01 janvier 2018 · until 25 avril 2022 · 0824.102.201

Represented by Paul RENSON Comm. V REPA, vertegenwoordigd door

Ended

Leon RENSON

Director · since 11 décembre 2017 · until 25 avril 2022

Ended

At this address

Other companies at this address

Company	CBE no.
IMMO WISCO● Active	0838.962.502
LOUWIS en CO● Active	0843.893.565
WISCO● Active	0824.102.201

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	14/07/2026	17/07/2025	19/07/2024	13/07/2023	01/09/2022	12/07/2021
General meeting	29/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	29/06/2021
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	29/06/2026	14/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	17/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	19/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	13/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	01/09/2022	Dutch	PDF
Full model	31/12/2020	29/06/2021	12/07/2021	Dutch	PDF
Full model	31/12/2019	17/07/2020	20/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	01/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	09/07/2018	Dutch	PDF
Full model	31/12/2016	04/05/2017	31/05/2017	Dutch	PDF
Full model	31/12/2015	25/04/2016	19/05/2016	Dutch	PDF
Full model	31/12/2014	28/04/2015	30/04/2015	Dutch	PDF
Full model	31/12/2013	24/04/2014	28/04/2014	Dutch	PDF
Full model	31/12/2012	29/04/2013	13/05/2013	Dutch	PDF
Full modelCorrection	31/12/2011	03/05/2012	01/06/2012	Dutch	PDF
Full model	31/12/2011	03/05/2012	10/05/2012	Dutch	PDF
Full model	31/12/2010	26/04/2011	06/05/2011	Dutch	PDF
Full model	31/12/2009	26/04/2010	07/05/2010	Dutch	PDF
Full model	31/12/2008	21/04/2009	07/05/2009	Dutch	PDF
Full model	31/12/2007	28/04/2008	27/05/2008	Dutch	PDF
Full model	31/12/2006	26/04/2007	10/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 4 active · 27 ended

Active mandates

Leon RENSON

Director · since 30 juin 2022 · until 24 avril 2028

Active

WISCO

Managing director · since 30 juin 2022 · until 24 avril 2028 · 0824.102.201

Represented by Paul RENSON

Active

Luc RENSON

Director · since 30 décembre 2021 · until 26 avril 2027

Active

Beau Noir

Managing director · since 29 juin 2021 · until 09 juillet 2025 · 0536.830.464

Represented by Wim WAELKENS

Active

Ended mandates

Beau Noir

Managing director · since 29 juin 2021 · until 26 avril 2027 · 0536.830.464

Represented by Wim WAELKENS

Ended

WISCO

Managing director · since 01 janvier 2018 · until 25 avril 2022 · 0824.102.201

Represented by Paul Renson

Ended

WISCO

Director · since 01 janvier 2018 · until 25 avril 2022 · 0824.102.201

Represented by Paul RENSON Comm. V REPA, vertegenwoordigd door

Ended

Leon RENSON

Director · since 11 décembre 2017 · until 25 avril 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other14/07/2025
DIVERSEN
PDF
Mandates06/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2022
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring20/01/2021
BENAMING - DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring24/11/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 20255,4 M €↓
2024
Annual accounts 20245,7 M €↑
2023
Annual accounts 20234,6 M €↑
2022
Annual accounts 20224,4 M €↑
2020
Annual accounts 20201,2 M €↑
2020
Name changeARLU
2018
Annual accounts 2018403,6 k €↑
2017
Annual accounts 2017-7,8 k €↑
2016
Annual accounts 2016-366,4 k €↓
2015
Annual accounts 2015-9,3 k €↓
2014
Annual accounts 201426,1 k €↑
2013
Annual accounts 201313 k €↓
2012
Annual accounts 201252,8 k €↓
2011
Annual accounts 2011558,9 k €↑
2010
Annual accounts 2010361,5 k €↓
2009
Annual accounts 2009400,7 k €↑
2008
Annual accounts 200834,5 k €↓
2007
Annual accounts 2007333,1 k €↑
2006
Annual accounts 2006276,2 k €
2006
Name changeLOUAGE EN WISSELINCK
01/01/1981
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

ARLU

Overview

What does ARLU 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