ACTIVE

ARS EN THEMIS

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Financial year 2025 · Closed on 31/12/2025

Net result895 k €+862,4 %over 1 year

Gross margin1,3 M €+714,0 %over 1 year

Equity1,2 M €+315,3 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

ARS EN THEMIS is a Public limited company incorporated in 1986. Its main activity is: Construction of buildings. Its registered office is in Gent.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0429.325.958
Incorporation: 09/07/1986
Legal form: Public limited company
Registered office: Schoonzichtstraat 6
9051 Gent · FlandreSee on map
Contributed capital: 255 000,00 €
Latest accounts: 31/12/2025
Average workforce: 0,0 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 41101Development of building projects 68121Buying and selling of own real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,3 M €	+714%	156,8 k €	+562%	-33,9 k €	-232%	-10,2 k €	-101%	1,4 M €
EBITDA	1,3 M €	+752%	148,7 k €	+443%	-43,3 k €	-145%	-17,7 k €	-101%	1,4 M €
Operating result	1,3 M €	+752%	148,7 k €	+372%	-54,7 k €	-161%	-20,9 k €	-102%	1,4 M €
Net result	895 k €	+862%	93 k €	+277%	-52,5 k €	-139%	-22 k €	-102%	1 M €
Balance sheet
Equity	1,2 M €	+315%	283,9 k €	+48.7%	190,9 k €	-21.6%	243,4 k €	-8.3%	265,3 k €
Total assets	2,8 M €	+25.0%	2,2 M €	+41.7%	1,6 M €	+140%	648,9 k €	-3.7%	674,1 k €
Cash	487,7 k €	+1157%	38,8 k €	-76.1%	162,2 k €	-22.4%	209,1 k €	-59.8%	520,2 k €
Debts	1,6 M €	-17.8%	1,9 M €	+40.8%	1,4 M €	+237%	405,6 k €	-0.8%	408,8 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alex De Witte	Directorsince 07/12/2020Managing director17/11/2020 → 2020 accountsended
Isabelle Verraes	Directorsince 07/12/2020Managing director17/11/2020 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Monique CLAEYS-BOUUAERT	Manager28/03/2011 → 2018 accountsDirectoruntil 28/03/2011
Denis LARDINOIT	Managing directoruntil 28/03/2011

Other companies at this address

Schoonzichtstraat 6 9051 Gent

Company	CBE no.
ASSETS INVEST● Active	0479.232.755
Three Development● Active	0748.422.405
THREE INVEST● Active	0521.829.811

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/09/2026	31/08/2025	29/09/2024	31/08/2023	15/10/2022	05/07/2021
General meeting	03/06/2026	04/06/2025	05/06/2024	07/06/2023	01/06/2022	02/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	03/06/2026	30/09/2026	Dutch	PDF
Abridged model	31/12/2024	04/06/2025	31/08/2025	Dutch	PDF
Abridged model	31/12/2023	05/06/2024	29/09/2024	Dutch	PDF
Abridged model	31/12/2022	07/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	01/06/2022	15/10/2022	Dutch	PDF
Micro model	31/12/2020	02/06/2021	05/07/2021	Dutch	PDF
Micro model	31/12/2019	27/03/2020	15/04/2020	Dutch	PDF
Micro model	31/12/2018	21/08/2019	23/08/2019	Dutch	PDF
Micro model	31/12/2017	25/07/2018	07/08/2018	Dutch	PDF
Micro model	31/12/2016	10/05/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	11/05/2016	31/05/2016	Dutch	PDF
Abridged model	31/12/2014	13/05/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	14/05/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	08/05/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	09/05/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	11/05/2011	31/05/2011	Dutch	PDF
Abridged model	31/12/2009	12/05/2010	11/08/2010	Dutch	PDF
Abridged model	31/12/2008	13/05/2009	29/05/2009	Dutch	PDF
Abridged model	31/12/2007	14/05/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	09/05/2007	25/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alex De Witte	Directorsince 07/12/2020Managing director17/11/2020 → 2020 accountsended
Isabelle Verraes	Directorsince 07/12/2020Managing director17/11/2020 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Monique CLAEYS-BOUUAERT	Manager28/03/2011 → 2018 accountsDirectoruntil 28/03/2011
Denis LARDINOIT	Managing directoruntil 28/03/2011

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates08/10/2026
ONTSLAGEN, BENOEMINGEN
PDF
Mandates16/12/2020
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares11/04/2014
Kapitaalverhoging
PDF
Mandates21/04/2011
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates13/10/2005
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Isabelle Verraes

Alex De Witte

Monique CLAEYS-BOUUAERT

Denis LARDINOIT

Sebastien LARDINOIT

19861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ARS EN THEMIS

Schoonzichtstraat 6, 9051 Sint-Denijs-Westrem

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Schoonzichtstraat 6, 9051 Sint-Denijs-WestremCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00535879

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ARS EN THEMISCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00535879

Events

2025
Annual accounts 2025895 k €↑
2024
Annual accounts 202493 k €↑
2023
Annual accounts 2023-52,5 k €↓
2022
Annual accounts 2022-22 k €↓
2021
Annual accounts 20211 M €↑
2020
Annual accounts 20205 k €↑
2019
Annual accounts 2019-14,8 k €↓
2018
Annual accounts 20187,6 k €↑
2017
Annual accounts 20173,2 k €↓
2016
Annual accounts 201616,5 k €↓
2015
Annual accounts 201524,1 k €↑
2014
Annual accounts 20143,5 k €↓
2013
Annual accounts 201336,8 k €↑
2012
Annual accounts 201223 k €↑
2011
Annual accounts 2011-3 k €↓
2010
Annual accounts 20104,5 k €↑
2009
Annual accounts 20092,3 k €↓
2008
Annual accounts 20087,1 k €↓
2007
Annual accounts 200715,2 k €↓
2006
Annual accounts 200625,2 k €
09/07/1986
IncorporationPublic limited company

ARS EN THEMIS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events