ACTIVE

Cartamundi

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Financial year 2025 · closed on 31/12/2025
Net result
29,1 M €
+103.1% YoY
Equity
94 M €
+22.3% YoY

What does Cartamundi do?

Cartamundi is a Public limited company incorporated in 1989. Its main activity is: Activities of holding companies. Its registered office is in Turnhout.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0437.358.548
Incorporation
19/05/1989
Legal form
Public limited company
Registered office
Turnovatoren 14 box 1
2300 Turnhout · FlandreSee on map
Contributed capital
25 059 741,35 €
Latest accounts
31/12/2025
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies
Joint committees (2)
  • 136
  • 222
Signals
ProfitableSolid equityLow riskPositive cashflow
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142010200920072006
Income statement
EBITDA-2,5 M €-2,2 M €-3,7 M €-1,7 M €-1,5 M €-2,2 M €-5,4 M €-816,4 k €-559,4 k €-458,1 k €-262,5 k €-765,5 k €-418,3 k €-25,3 k €4 k €-28,9 k €
Operating result-2,5 M €-2,2 M €-3,7 M €-1,7 M €-1,5 M €-2,2 M €-5,4 M €-816,4 k €-559,4 k €-458,1 k €-262,5 k €-765,5 k €-418,3 k €-28,8 k €-54,2 k €-93,3 k €
Net result29,1 M €14,3 M €8,1 M €8,9 M €2,5 M €2 M €693,3 k €1,8 M €2,3 M €2,4 M €4,7 M €1,5 M €7,1 M €6,8 M €6 M €-153,5 k €
Balance sheet
Equity94 M €76,8 M €72,5 M €66,4 M €60,4 M €64 M €64 M €63,3 M €67,5 M €65,2 M €64,8 M €62 M €49,2 M €45,1 M €35,1 M €30,1 M €
Total assets202,7 M €195 M €172,9 M €137,4 M €144,5 M €121,3 M €123,6 M €76,9 M €71,3 M €74,7 M €79,1 M €81,3 M €64,7 M €65,8 M €53,1 M €53,3 M €
Cash12,2 M €1,3 M €23,6 M €15,2 M €17,3 M €1,4 M €247,1 k €673,2 k €47 k €200,9 k €2,6 M €78,1 k €80,3 k €118 k €139,8 k €640,2 k €
Debts108,6 M €117,9 M €100,2 M €70,8 M €84 M €57 M €58,8 M €13,5 M €3,7 M €9,5 M €14,3 M €19 M €15,4 M €20,6 M €17,8 M €23 M €
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 · 9 active · 56 ended

Active mandates

FREBREC

Managing director · since 12 mai 2025 · until 08 mai 2028 · 0685.894.126

Represented by Frederic de Somer

Active
Jean-Louis de Cartier de Marchienne

Chairman of the board of directors · since 12 mai 2025 · until 08 mai 2028

Active
Ladivi

Director · since 12 mai 2025 · until 08 mai 2028 · 1003.089.668

Represented by Dimitri de Somer

Active
MOPIC

Director · since 12 mai 2025 · until 08 mai 2028 · 0643.560.554

Represented by Pierre Bosseloo

Active
PICO 2.0

Director · since 12 mai 2025 · until 08 mai 2028 · 0662.867.514

Represented by Arnaud de Cartier de Marchienne

Active
SyCaMar

Director · since 12 mai 2025 · until 08 mai 2028 · 0784.709.709

Represented by Sybille de Cartier de Marchienne

Active
Eighteen Finch Court BV

Director · since 19 décembre 2023 · until 11 mai 2026

Represented by Hans Melotte

Active
Vicomte BV

Director · since 19 décembre 2023 · until 11 mai 2026

Represented by Chris Burggraeve

Active
ZENDEN

Director · since 19 décembre 2023 · until 11 mai 2026 · 0728.600.553

Represented by Dennis Zenner

Active

Ended mandates

Ladivi

Director · since 01 janvier 2024 · until 12 mai 2025 · 1003.089.668

Represented by Dimitri de Somer

Ended
MOPIC

Director · since 10 mai 2023 · until 12 mai 2025 · 0643.560.554

Represented by Pierre Bosseloo

Ended
PICO 2.0

Director · since 10 mai 2023 · until 12 mai 2025 · 0662.867.514

Represented by Arnaud de Cartier de Marchienne

Ended
PICO 2.0

Director · since 10 mai 2023 · until 12 mai 2025 · 0662.867.514

Represented by Arnaud de Cartier de Marchienne

Ended
At this address

Other companies at this address

CompanyCBE no.
Cartamundi Benelux● Active
0825.550.667
Cartamundi Digital Ventures● Active
0789.254.653
Cartamundi Services● Active
0877.568.403
CM● Active
0826.025.967
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/06/202605/06/202505/06/202402/06/202308/06/202207/06/2021
General meeting11/05/202612/05/202513/05/202410/05/202311/05/202212/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202511/05/202602/06/2026DutchPDF
Full model31/12/202412/05/202505/06/2025DutchPDF
Full model31/12/202313/05/202405/06/2024DutchPDF
Full model31/12/202210/05/202302/06/2023DutchPDF
Full model31/12/202111/05/202208/06/2022DutchPDF
Full model31/12/202012/05/202107/06/2021DutchPDF
Full model31/12/201913/05/202003/06/2020DutchPDF
Full model31/12/201808/05/201905/06/2019DutchPDF
Full model31/12/201709/05/201805/06/2018DutchPDF
Full model31/12/201610/05/201702/06/2017DutchPDF
Full model31/12/201511/05/201610/06/2016DutchPDF
Full model31/12/201413/05/201509/06/2015DutchPDF
Full model31/12/201315/05/201404/06/2014DutchPDF
Full model31/12/201208/05/201305/06/2013DutchPDF
Full model31/12/201109/05/201205/06/2012DutchPDF
Full model31/12/201011/05/201108/06/2011DutchPDF
Full modelCorrection31/12/200908/10/201004/11/2010DutchPDF
Full model31/12/200912/05/201002/06/2010DutchPDF
Full model31/12/200813/05/200902/06/2009DutchPDF
Full model31/12/200714/05/200803/06/2008DutchPDF
Full model31/12/200609/05/200730/05/2007DutchPDF
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 · 9 active · 56 ended

Active mandates

FREBREC

Managing director · since 12 mai 2025 · until 08 mai 2028 · 0685.894.126

Represented by Frederic de Somer

Active
Jean-Louis de Cartier de Marchienne

Chairman of the board of directors · since 12 mai 2025 · until 08 mai 2028

Active
Ladivi

Director · since 12 mai 2025 · until 08 mai 2028 · 1003.089.668

Represented by Dimitri de Somer

Active
MOPIC

Director · since 12 mai 2025 · until 08 mai 2028 · 0643.560.554

Represented by Pierre Bosseloo

Active
PICO 2.0

Director · since 12 mai 2025 · until 08 mai 2028 · 0662.867.514

Represented by Arnaud de Cartier de Marchienne

Active
SyCaMar

Director · since 12 mai 2025 · until 08 mai 2028 · 0784.709.709

Represented by Sybille de Cartier de Marchienne

Active
Eighteen Finch Court BV

Director · since 19 décembre 2023 · until 11 mai 2026

Represented by Hans Melotte

Active
Vicomte BV

Director · since 19 décembre 2023 · until 11 mai 2026

Represented by Chris Burggraeve

Active
ZENDEN

Director · since 19 décembre 2023 · until 11 mai 2026 · 0728.600.553

Represented by Dennis Zenner

Active

Ended mandates

Ladivi

Director · since 01 janvier 2024 · until 12 mai 2025 · 1003.089.668

Represented by Dimitri de Somer

Ended
MOPIC

Director · since 10 mai 2023 · until 12 mai 2025 · 0643.560.554

Represented by Pierre Bosseloo

Ended
PICO 2.0

Director · since 10 mai 2023 · until 12 mai 2025 · 0662.867.514

Represented by Arnaud de Cartier de Marchienne

Ended
PICO 2.0

Director · since 10 mai 2023 · until 12 mai 2025 · 0662.867.514

Represented by Arnaud de Cartier de Marchienne

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares08/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - KAPITAAL - AANDELEN
    PDF
  • Mandates21/06/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/06/2021
    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

Timeline

  1. 2025
    Annual accounts 202529,1 M €↑
  2. 12/05/2025
    reconductionJean-Louis de Cartier de Marchienne — bestuurder
  3. 12/05/2025
    reconductionFrédéric de Somer — vaste vertegenwoordiger (Frebrec BV)
  4. 12/05/2025
    reconductionDimitri de Somer — vaste vertegenwoordiger (Ladivi BV)
  5. 12/05/2025
    reconductionPierre Bosseloo — vaste vertegenwoordiger (Mopic BV)
  6. 12/05/2025
    reconductionArnaud de Cartier de Marchienne — vaste vertegenwoordiger (Pico 2.0 BV)
  7. 12/05/2025
    reconductionSybille de Cartier de Marchienne — vaste vertegenwoordiger (SyCaMar CV)
  8. 2024
    Annual accounts 202414,3 M €↑
  9. 13/05/2024
    reconductionRonald Van den Ecker — commissaris-revisor
  10. 01/01/2024
    nominationDimitri de Somer — bestuurder
  11. 2023
    Annual accounts 20238,1 M €↓
  12. 19/12/2023
    nominationHans Melotte — bestuurder
  13. 19/12/2023
    nominationDenis Zenner — bestuurder
  14. 19/12/2023
    nominationChris Burggraeve — bestuurder
  15. 10/05/2023
    reconductionArnaud de Cartier de Marchienne — vaste vertegenwoordiger (bestuurdersmandaat Pico 2.0)
  16. 10/05/2023
    reconductionPierre Bosseloo — vaste vertegenwoordiger (bestuursmandaat Mopic)
  17. 10/05/2023
    nominationJean-Louis de Cartier de Marchienne — voorzitter
  18. 10/05/2023
    nominationFrédéric de Somer — vaste vertegenwoordiger (gedelegeerd bestuurder FREBREC BV)
  19. 2022
    Annual accounts 20228,9 M €↑
  20. 11/05/2022
    reconductionJean-Louis de Cartier de Marchienne — bestuurder
  21. 11/05/2022
    reconductionDimitri de Somer — bestuurder
  22. 11/05/2022
    reconductionFrederic de Somer — vaste vertegenwoordiger (Frebrec BV)
  23. 11/05/2022
    nominationSybille de Cartier de Marchienne — vaste vertegenwoordiger (SyCaMar Comm.V)
  24. 2021
    Annual accounts 20212,5 M €↑
  25. 2020
    Annual accounts 20202 M €↑
  26. 2019
    Annual accounts 2019693,3 k €↓
  27. 2018
    Annual accounts 20181,8 M €↓
  28. 2017
    Annual accounts 20172,3 M €↓
  29. 2016
    Annual accounts 20162,4 M €↓
  30. 2015
    Annual accounts 20154,7 M €↑
  31. 2014
    Annual accounts 20141,5 M €↓
  32. 2010
    Annual accounts 20107,1 M €↑
  33. 2009
    Annual accounts 20096,8 M €↑
  34. 2007
    Annual accounts 20076 M €↑
  35. 2006
    Annual accounts 2006-153,5 k €
  36. 19/05/1989
    IncorporationPublic limited company