ACTIVE

AERTSEN BEHEER

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Financial year 2025 · closed on 31/12/2025

Net result

156,4 k €

-42.3% YoY

Gross margin

1,5 M €

-0.8% YoY

Equity

6 M €

+2.7% YoY

Workforce

2,9 ETP

-3.3% YoY

What does AERTSEN BEHEER do?

AERTSEN BEHEER is a Private limited company incorporated in 1987. Its main activity is: Buying and selling of own real estate. Its registered office is in Wuustwezel. It employs on average 2,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.376.429

Incorporation

07/01/1987

Legal form

Private limited company

Registered office

Palmbosstraat 30
2990 Wuustwezel · FlandreSee on map

Contributed capital

508 234,96 €

Latest accounts

31/12/2025

Average workforce

2,9 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 68310Real estate agencies 68311Real estate agencies 70120Activities of head offices 70311Activities of head offices; management consultancy activities+3

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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 €	-0.8%	1,5 M €	-1.6%	1,5 M €	+33.9%	1,1 M €	-1.9%	1,1 M €	-26.1%	1,5 M €	+73.7%	886 k €	-6.4%	946,9 k €	-15.8%	1,1 M €	+57.0%	716,4 k €	-53.4%	1,5 M €	+123%	690,3 k €	-7.4%	745,5 k €	+71.5%	434,7 k €	-30.5%	625,8 k €	+51.9%	412 k €	+17.7%	350,1 k €	+74.1%	201 k €	-9.9%	223,1 k €	-32.7%	331,4 k €
EBITDA	1,2 M €	-1.7%	1,2 M €	-3.6%	1,2 M €	+45.7%	846,7 k €	-10.5%	945,7 k €	-28.7%	1,3 M €	+82.9%	725 k €	+26.6%	572,7 k €	-31.2%	832,3 k €	+49.2%	557,8 k €	-64.5%	1,6 M €	+216%	497,6 k €	-8.8%	545,6 k €	+59.9%	341,2 k €	-36.7%	539,1 k €	+61.8%	333,2 k €	+20.8%	275,8 k €	+74.1%	158,4 k €	-13.2%	182,6 k €	-37.1%	290,5 k €
Operating result	578,8 k €	-10.8%	648,8 k €	-20.0%	811 k €	+81.1%	447,8 k €	-23.5%	585,4 k €	-38.9%	958,7 k €	+189%	331,7 k €	+113%	155,7 k €	-62.1%	410,4 k €	+145%	167,2 k €	-86.8%	1,3 M €	+452%	229,3 k €	-18.9%	282,7 k €	+107%	136,9 k €	-59.9%	341,4 k €	+100%	170,5 k €	+26.4%	134,8 k €	+231%	40,8 k €	-63.9%	113 k €	-51.0%	230,5 k €
Net result	156,4 k €	-42.3%	271,2 k €	-39.0%	444,4 k €	+68.1%	264,4 k €	-28.6%	370,4 k €	-43.0%	650,1 k €	+382%	134,9 k €	+1216%	10,3 k €	-94.3%	178,8 k €	+705%	22,2 k €	-97.0%	736,8 k €	+1180%	57,6 k €	-44.6%	103,8 k €	+519%	16,8 k €	-86.9%	128,4 k €	+155%	50,4 k €	+63.2%	30,9 k €	+420%	-9,6 k €	-117%	55,4 k €	-57.1%	129,2 k €
Balance sheet
Equity	6 M €	+2.7%	5,9 M €	+4.8%	5,6 M €	+10.3%	5,1 M €	+5.5%	4,8 M €	+8.3%	4,5 M €	+17.1%	3,8 M €	+3.7%	3,7 M €	+0.3%	3,7 M €	+5.1%	3,5 M €	+74.6%	2 M €	+58.6%	1,3 M €	+4.8%	1,2 M €	+9.5%	1,1 M €	+1.6%	1,1 M €	+13.5%	951,4 k €	+5.6%	901 k €	+3.7%	868,8 k €	-1.1%	878,5 k €	+6.7%	823,1 k €
Total assets	15,5 M €	-1.9%	15,8 M €	+7.0%	14,8 M €	+30.3%	11,3 M €	+13.9%	10 M €	-2.8%	10,2 M €	+4.9%	9,8 M €	-3.9%	10,2 M €	+0.4%	10,1 M €	+4.9%	9,7 M €	+33.9%	7,2 M €	+7.8%	6,7 M €	+10.2%	6,1 M €	-8.8%	6,7 M €	+18.4%	5,6 M €	+45.6%	3,9 M €	+7.0%	3,6 M €	+4.6%	3,4 M €	+55.6%	2,2 M €	-4.4%	2,3 M €
Cash	140 k €	-66.1%	413 k €	+32.5%	311,8 k €	+16.0%	268,9 k €	-76.5%	1,1 M €	-26.6%	1,6 M €	+135%	662,6 k €	-42.8%	1,2 M €	-35.7%	1,8 M €	+158%	698,6 k €	-49.1%	1,4 M €	+354%	302,2 k €	+58.7%	190,4 k €	-73.3%	712,3 k €	+324%	168,2 k €	+46.5%	114,8 k €	+446%	21 k €	-65.5%	61 k €	-68.0%	191 k €	-34.3%	290,8 k €
Debts	8,9 M €	-4.5%	9,3 M €	+9.5%	8,5 M €	+55.5%	5,5 M €	+26.0%	4,3 M €	-13.2%	5 M €	-5.4%	5,3 M €	-8.4%	5,8 M €	+1.2%	5,7 M €	+6.3%	5,4 M €	+22.9%	4,4 M €	-4.3%	4,6 M €	+12.4%	4,1 M €	-15.7%	4,8 M €	+27.7%	3,8 M €	+81.2%	2,1 M €	+11.7%	1,9 M €	+7.7%	1,7 M €	+274%	462 k €	-21.8%	590,9 k €
Other
Workforce	2,9 ETP	-3.3%	3,0 ETP	+15.4%	2,6 ETP	-13.3%	3,0 ETP	+7.1%	2,8 ETP	0.0%	2,8 ETP	-3.4%	2,9 ETP	+7.4%	2,7 ETP	0.0%	2,7 ETP	-3.6%	2,8 ETP	+21.7%	2,3 ETP	+53.3%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	-6.3%	1,6 ETP	+6.7%	1,5 ETP	0.0%	1,5 ETP	+87.5%	0,8 ETP	-27.3%	1,1 ETP	0.0%	1,1 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 · 4 active · 6 ended

Active mandates

Frans Aertsen

Director

Active

Jan Christianen

Director

Active

Peter Aertsen

Director

Active

Tineke Aertsen

Director

Active

Ended mandates

Jan Christianen

Director · since 30 juin 2019

Ended

Frans Aertsen

Managing director

Ended

Frans Aertsen

Manager

Ended

Peter Aertsen

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
Parochiale Werken van Loenhout● Active	0410.127.975

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	27/08/2026	02/07/2025	02/07/2024	03/07/2023	28/06/2022	11/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	04/06/2022	07/06/2021
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	01/06/2026	27/08/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	02/07/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	03/07/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	11/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	06/07/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	07/06/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	07/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	12/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	08/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	08/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	19/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	05/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	18/06/2007	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 · 4 active · 6 ended

Active mandates

Frans Aertsen

Director

Active

Jan Christianen

Director

Active

Peter Aertsen

Director

Active

Tineke Aertsen

Director

Active

Ended mandates

Jan Christianen

Director · since 30 juin 2019

Ended

Frans Aertsen

Managing director

Ended

Frans Aertsen

Manager

Ended

Peter Aertsen

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring31/01/2017
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates26/01/2017
BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Restructuring28/11/2016
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates15/06/2012
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 2025156,4 k €↓
2024
Annual accounts 2024271,2 k €↓
2023
Annual accounts 2023444,4 k €↑
2022
Annual accounts 2022264,4 k €↓
2021
Annual accounts 2021370,4 k €↓
2020
Annual accounts 2020650,1 k €↑
2019
Annual accounts 2019134,9 k €↑
2018
Annual accounts 201810,3 k €↓
2017
Annual accounts 2017178,8 k €↑
2016
Annual accounts 201622,2 k €↓
2016
Name changeAERTSEN BEHEER
2015
Annual accounts 2015736,8 k €↑
2014
Annual accounts 201457,6 k €↓
2013
Annual accounts 2013103,8 k €↑
2012
Annual accounts 201216,8 k €↓
2011
Annual accounts 2011128,4 k €↑
2010
Annual accounts 201050,4 k €↑
2009
Annual accounts 200930,9 k €↑
2008
Annual accounts 2008-9,6 k €↓
2007
Annual accounts 200755,4 k €↓
2006
Annual accounts 2006129,2 k €
2006
Name changeAERTSEN
07/01/1987
IncorporationPrivate 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

AERTSEN BEHEER

Overview

What does AERTSEN BEHEER 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