FINARTES
0436.759.227 · rovalta.com · 24/09/2026
ACTIVE
FINARTES
Financial year 2025 · closed on 30/09/2025
Net result
226,4 k €
+155.6% YoY
Gross margin
1,2 M €
+31.6% YoY
Equity
1,3 M €
+1.0% YoY
Workforce
11,7 ETP
+13.6% YoY
Overview
What does FINARTES do?
FINARTES is a Public limited company incorporated in 1989. Its registered office is in Ichtegem. It employs on average 11,7 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0436.759.227
Incorporation
13/01/1989
Legal form
Public limited company
Registered office
Fabriekweg(EER) 13
8480 Ichtegem · FlandreSee on map
8480 Ichtegem · FlandreSee on map
Contributed capital
64 676,15 €
Latest accounts
30/09/2025
Average workforce
11,7 ETP
Joint committees (3)
- 118
- 11811
- 22000
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 15 financial years
| 2025 | 2024 | 2023 | 2021 | 2018 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||
| Gross margin | 1,2 M € | +31.6% | 877,3 k € | -43.8% | 1,6 M € | +98.8% | 785,5 k € | +14.5% | 685,8 k € | -12.2% | 781,1 k € | +144% | 320,2 k € | -37.3% | 510,9 k € | +30.0% | 393,1 k € | +1.1% | 388,7 k € | -13.3% | 448,3 k € | -11.1% | 504,4 k € | +22.4% | 412 k € | -6.1% | 438,7 k € | +13.0% | 388,2 k € |
| EBITDA | 600 k € | +61.2% | 372,1 k € | -63.8% | 1 M € | +684% | 130,9 k € | -45.1% | 238,5 k € | -29.8% | 339,9 k € | +1023% | -36,8 k € | -127% | 134,6 k € | +500% | 22,4 k € | +346% | -9,1 k € | -115% | 62,2 k € | -50.6% | 125,8 k € | +340% | -52,5 k € | -364% | 19,9 k € | +127% | -73,4 k € |
| Operating result | 338,1 k € | +118% | 155,5 k € | -81.6% | 846 k € | +1081% | 71,6 k € | -60.4% | 180,7 k € | -45.3% | 330,5 k € | +730% | -52,4 k € | -147% | 112,1 k € | +3445% | -3,4 k € | +93.4% | -50,9 k € | -347% | 20,6 k € | -75.5% | 84 k € | +178% | -107,8 k € | -154% | -42,5 k € | +66.9% | -128,2 k € |
| Net result | 226,4 k € | +156% | 88,6 k € | -87.5% | 711,1 k € | +929% | 69,1 k € | -61.1% | 177,6 k € | -35.8% | 276,6 k € | +902% | -34,5 k € | -129% | 117,2 k € | +2275% | -5,4 k € | +89.8% | -53 k € | -327% | 23,3 k € | -70.4% | 78,8 k € | +175% | -104,5 k € | -162% | -39,9 k € | +67.9% | -124,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||
| Equity | 1,3 M € | +1.0% | 1,3 M € | +12.6% | 1,2 M € | +71.3% | 692,4 k € | +170% | 256,7 k € | +9.1% | 235,3 k € | -45.7% | 433,7 k € | -7.4% | 468,2 k € | +33.4% | 351 k € | -1.5% | 356,4 k € | -13.0% | 409,5 k € | +6.0% | 386,1 k € | +25.6% | 307,4 k € | -25.4% | 411,9 k € | -8.8% | 451,8 k € |
| Total assets | 3,4 M € | +12.0% | 3,1 M € | -5.8% | 3,3 M € | +87.2% | 1,7 M € | +48.4% | 1,2 M € | +27.5% | 918 k € | +77.7% | 516,4 k € | -24.6% | 684,9 k € | +23.0% | 556,8 k € | -3.3% | 575,9 k € | +4.8% | 549,6 k € | +4.5% | 525,8 k € | +13.4% | 463,7 k € | -24.4% | 613,5 k € | -2.7% | 630,8 k € |
| Cash | 436,5 k € | +61.6% | 270,1 k € | -26.3% | 366,2 k € | -38.1% | 591,2 k € | +133% | 254,1 k € | -25.9% | 342,8 k € | +30.1% | 263,5 k € | -32.9% | 392,8 k € | +45.4% | 270,1 k € | +14.8% | 235,3 k € | +21.1% | 194,4 k € | +8.2% | 179,7 k € | +218% | 56,6 k € | -65.8% | 165,2 k € | +85.5% | 89,1 k € |
| Debts | 1,9 M € | +17.9% | 1,6 M € | -17.1% | 2 M € | +102% | 970,4 k € | +8.7% | 893,1 k € | +31.7% | 678 k € | +748% | 80 k € | -48.6% | 155,7 k € | +8.0% | 144,2 k € | -33.4% | 216,5 k € | +57.5% | 137,5 k € | -1.6% | 139,6 k € | -10.7% | 156,3 k € | +28.5% | 121,7 k € | -32.0% | 179 k € |
| Other | |||||||||||||||||||||||||||||
| Workforce | 11,7 ETP | +13.6% | 10,3 ETP | -11.2% | 11,6 ETP | -7.2% | 12,5 ETP | -4.6% | 13,1 ETP | +4.8% | 12,5 ETP | +31.6% | 9,5 ETP | -9.5% | 10,5 ETP | -2.8% | 10,8 ETP | -9.2% | 11,9 ETP | -0.8% | 12,0 ETP | 0.0% | 12,0 ETP | -7.7% | 13,0 ETP | +10.2% | 11,8 ETP | -11.3% | 13,3 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 14 ended
Active mandates
Valerie Jonckheere
ActiveActive
Ended mandates
Cederic Decorte
EndedCederik Decorte
EndedCedric Decorte
EndedValerie Jonckheere
EndedFinancials
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 | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 30/04/2026 | 30/04/2025 | 30/04/2024 | 09/05/2023 | 25/04/2022 | 26/05/2021 |
| General meeting | 30/03/2026 | 31/03/2025 | 30/03/2024 | 10/04/2023 | 25/03/2022 | 26/03/2021 |
| 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 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/09/2025 | 30/03/2026 | 30/04/2026 | Dutch | |
| Abridged model | 30/09/2024 | 31/03/2025 | 30/04/2025 | Dutch | |
| Abridged model | 30/09/2023 | 30/03/2024 | 30/04/2024 | Dutch | |
| Abridged model | 30/09/2022 | 10/04/2023 | 09/05/2023 | Dutch | |
| Abridged model | 30/09/2021 | 25/03/2022 | 25/04/2022 | Dutch | |
| Abridged model | 30/09/2020 | 26/03/2021 | 26/05/2021 | Dutch | |
| Abridged model | 30/09/2019 | 27/03/2020 | 29/05/2020 | Dutch | |
| Abridged model | 30/09/2018 | 29/03/2019 | 06/05/2019 | Dutch | |
| Abridged model | 30/09/2017 | 30/03/2018 | 30/04/2018 | Dutch | |
| Abridged model | 31/12/2015 | 06/06/2016 | 23/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 01/06/2015 | 11/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 02/06/2014 | 23/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 03/06/2013 | 06/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 04/06/2012 | 14/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 06/06/2011 | 30/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 07/06/2010 | 30/08/2010 | Dutch | |
| Abridged model | 31/12/2008 | 01/06/2009 | 21/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 02/06/2008 | 06/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 04/06/2007 | 30/08/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 14 ended
Active mandates
Valerie Jonckheere
ActiveActive
Ended mandates
Cederic Decorte
EndedCederik Decorte
EndedCedric Decorte
EndedValerie Jonckheere
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Restructuring17/05/2022KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring22/03/2022RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates12/08/2021ONTSLAGEN - BENOEMINGEN
- Restructuring30/01/2019KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring21/11/2018RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring21/02/2017DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Other25/01/2017BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Restructuring28/11/2016RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025226,4 k €↑
- 2024Annual accounts 202488,6 k €↓
- 2023Annual accounts 2023711,1 k €↑
- 2021Annual accounts 202169,1 k €↓
- 2018Annual accounts 2018177,6 k €↓
- 2015Annual accounts 2015276,6 k €↑
- 2014Annual accounts 2014-34,5 k €↓
- 2013Annual accounts 2013117,2 k €↑
- 2012Annual accounts 2012-5,4 k €↑
- 2011Annual accounts 2011-53 k €↓
- 2010Annual accounts 201023,3 k €↓
- 2009Annual accounts 200978,8 k €↑
- 2008Annual accounts 2008-104,5 k €↓
- 2007Annual accounts 2007-39,9 k €↑
- 2006Annual accounts 2006-124,5 k €
- 13/01/1989IncorporationPublic limited company