ARTH
0438.968.649 · rovalta.com · 23/09/2026
ACTIVE
ARTH
Financial year 2025 · closed on 31/12/2025
Net result
863,7 k €
-7.0% YoY
Gross margin
703,3 k €
+181.1% YoY
Equity
2,6 M €
-13.8% YoY
Workforce
0,0 ETP
Overview
What does ARTH do?
ARTH is a Public limited company incorporated in 1989. Its registered office is in Neupré.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0438.968.649
Incorporation
24/11/1989
Legal form
Public limited company
Registered office
Rue Bonry(PLX) 156
4122 Neupré · WallonieSee on map
4122 Neupré · WallonieSee on map
Contributed capital
74 833,92 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 703,3 k € | +181% | 250,2 k € | +17.5% | 213 k € | -11.9% | 241,8 k € | -53.2% | 516,8 k € | +44.9% | 356,6 k € | +3.4% | 344,7 k € | +248% | 99,1 k € | +3.5% | 95,7 k € | -27.1% | 131,2 k € | -43.3% | 231,6 k € | +29.6% | 178,7 k € | -21.7% | 228,2 k € | +3.9% | 219,6 k € | +37.6% | 159,6 k € | +3.5% | 154,1 k € | +2.4% | 150,5 k € | -11.4% | 169,8 k € | +29.3% | 131,3 k € |
| EBITDA | 676,2 k € | +181% | 240,4 k € | +23.0% | 195,4 k € | -15.1% | 230 k € | -54.2% | 502,1 k € | +45.0% | 346,3 k € | +15.0% | 301,2 k € | +241% | 88,4 k € | +3.6% | 85,4 k € | -29.5% | 121,1 k € | -45.1% | 220,7 k € | +31.8% | 167,4 k € | -24.0% | 220,2 k € | +6.6% | 206,5 k € | +37.1% | 150,6 k € | +5.2% | 143,2 k € | +0.9% | 141,9 k € | -12.0% | 161,2 k € | +28.4% | 125,5 k € |
| Operating result | 508,2 k € | +273% | 136,2 k € | +262% | 37,6 k € | -39.5% | 62,2 k € | -83.3% | 373,7 k € | +41.3% | 264,5 k € | +2408% | 10,5 k € | +1111% | 871 € | -95.0% | 17,3 k € | -68.2% | 54,3 k € | -63.8% | 150,1 k € | +53.8% | 97,6 k € | -38.0% | 157,4 k € | +15.1% | 136,8 k € | +50.5% | 90,9 k € | -0.1% | 91 k € | +8.9% | 83,5 k € | -8.3% | 91,2 k € | +20.0% | 75,9 k € |
| Net result | 863,7 k € | -7.0% | 929 k € | +427% | 176,3 k € | -14.7% | 206,6 k € | -26.3% | 280,3 k € | +33.8% | 209,5 k € | -75.0% | 837,1 k € | +2217% | -39,5 k € | -28.1% | -30,9 k € | -127% | 113,5 k € | +92.5% | 58,9 k € | -22.6% | 76,2 k € | -16.7% | 91,4 k € | +1199% | 7 k € | -63.8% | 19,5 k € | -64.7% | 55,1 k € | +238% | 16,3 k € | -49.0% | 31,9 k € | +22.8% | 26 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 2,6 M € | -13.8% | 3,1 M € | +43.6% | 2,1 M € | +9.0% | 2 M € | +3.8% | 1,9 M € | +17.5% | 1,6 M € | +15.0% | 1,4 M € | +150% | 557,6 k € | -6.6% | 597,1 k € | -18.0% | 728 k € | +6.6% | 683 k € | +9.4% | 624,1 k € | +13.9% | 547,9 k € | +20.0% | 456,5 k € | +23.1% | 370,8 k € | +5.5% | 351,3 k € | +18.6% | 296,2 k € | -5.6% | 314 k € | +15.1% | 272,8 k € |
| Total assets | 5,5 M € | -0.7% | 5,5 M € | +40.5% | 3,9 M € | +4.1% | 3,8 M € | +6.5% | 3,5 M € | +4.0% | 3,4 M € | +33.5% | 2,6 M € | +5.9% | 2,4 M € | +23.7% | 1,9 M € | -3.1% | 2 M € | -1.6% | 2 M € | -2.9% | 2,1 M € | +1.4% | 2,1 M € | +15.6% | 1,8 M € | +5.2% | 1,7 M € | +8.4% | 1,6 M € | -10.1% | 1,8 M € | -2.9% | 1,8 M € | +6.0% | 1,7 M € |
| Cash | 95,4 k € | -77.3% | 420,5 k € | +209% | 135,9 k € | -54.4% | 297,9 k € | +430% | 56,2 k € | -82.7% | 325 k € | +120% | 147,7 k € | -43.4% | 261 k € | +1239% | 19,5 k € | +13.6% | 17,2 k € | +0.7% | 17 k € | -37.1% | 27,1 k € | -20.3% | 34 k € | -26.4% | 46,2 k € | +648% | 6,2 k € | -86.3% | 45,2 k € | +213% | 14,4 k € | -7.9% | 15,7 k € | +156% | 6,1 k € |
| Debts | 2,7 M € | +13.4% | 2,4 M € | +38.0% | 1,7 M € | -1.1% | 1,8 M € | +10.0% | 1,6 M € | -9.6% | 1,8 M € | +57.5% | 1,1 M € | -38.4% | 1,8 M € | +38.0% | 1,3 M € | +5.6% | 1,3 M € | -4.0% | 1,3 M € | -8.3% | 1,4 M € | -3.2% | 1,5 M € | +14.5% | 1,3 M € | -1.1% | 1,3 M € | +11.6% | 1,2 M € | -16.9% | 1,4 M € | -2.3% | 1,4 M € | +3.5% | 1,4 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 0,0 ETP | 0,0 ETP | 0,0 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 31/12/2025 · 2 active · 10 ended
Active mandates
Geneviève APPELDOORN
ActivePascal APPELDOORN
ActiveEnded mandates
Geneviève APPELDOORN
EndedPascal APPELDOORN
EndedPatricia APPELDOORN
EndedGeneviève Appeldoorn
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
EPIN2POM● Active | 0737.812.979 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Micro 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 | 18/08/2026 | 20/08/2025 | 03/07/2024 | 25/07/2023 | 04/05/2022 | 06/07/2021 |
| General meeting | 25/06/2026 | 27/06/2025 | 10/06/2024 | 07/05/2023 | 01/05/2022 | 15/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 25/06/2026 | 18/08/2026 | French | |
| Abridged model | 31/12/2024 | 27/06/2025 | 20/08/2025 | French | |
| Abridged model | 31/12/2023 | 10/06/2024 | 03/07/2024 | French | |
| Micro model | 31/12/2022 | 07/05/2023 | 25/07/2023 | French | |
| Abridged model | 31/12/2021 | 01/05/2022 | 04/05/2022 | French | |
| Abridged model | 31/12/2020 | 15/06/2021 | 06/07/2021 | French | |
| Abridged model | 31/12/2019 | 16/06/2020 | 30/06/2020 | French | |
| Abridged model | 31/12/2018 | 18/06/2019 | 26/08/2019 | French | |
| Abridged model | 31/12/2017 | 19/06/2018 | 20/08/2018 | French | |
| Abridged model | 31/12/2016 | 20/06/2017 | 25/08/2017 | French | |
| Abridged model | 31/12/2015 | 21/06/2016 | 03/08/2016 | French | |
| Abridged model | 31/12/2014 | 16/06/2015 | 19/08/2015 | French | |
| Abridged model | 31/12/2013 | 17/06/2014 | 28/08/2014 | French | |
| Abridged model | 31/12/2012 | 18/06/2013 | 23/08/2013 | French | |
| Abridged model | 31/12/2011 | 12/06/2012 | 31/07/2012 | French | |
| Abridged model | 31/12/2010 | 21/06/2011 | 30/06/2011 | French | |
| Abridged model | 31/12/2009 | 15/06/2010 | 02/08/2010 | French | |
| Abridged modelCorrection | 31/12/2008 | 16/06/2009 | 30/05/2012 | French | |
| Abridged model | 31/12/2008 | 16/06/2009 | 04/07/2009 | French | |
| Abridged model | 31/12/2007 | 05/08/2008 | 25/08/2008 | French | |
| Abridged model | 31/12/2006 | 19/06/2007 | 30/08/2007 | French |
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 31/12/2025 · 2 active · 10 ended
Active mandates
Geneviève APPELDOORN
ActivePascal APPELDOORN
ActiveEnded mandates
Geneviève APPELDOORN
EndedPascal APPELDOORN
EndedPatricia APPELDOORN
EndedGeneviève Appeldoorn
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates26/08/2026Nominations
- Mandates06/09/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS
- Mandates22/03/2021SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Capital / shares17/07/2019CAPITAL, ACTIONS
- Capital / shares29/01/2018CAPITAL, ACTIONS
- Mandates14/11/2013DEMISSIONS, NOMINATIONS
- Capital / shares24/09/2009CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates09/09/2008DEMISSIONS, NOMINATIONS
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 2025863,7 k €↓
- 2024Annual accounts 2024929 k €↑
- 2023Annual accounts 2023176,3 k €↓
- 2022Annual accounts 2022206,6 k €↓
- 2021Annual accounts 2021280,3 k €↑
- 2020Annual accounts 2020209,5 k €↓
- 2019Annual accounts 2019837,1 k €↑
- 2018Annual accounts 2018-39,5 k €↓
- 2017Annual accounts 2017-30,9 k €↓
- 2016Annual accounts 2016113,5 k €↑
- 2015Annual accounts 201558,9 k €↓
- 2014Annual accounts 201476,2 k €↓
- 2013Annual accounts 201391,4 k €↑
- 2012Annual accounts 20127 k €↓
- 2011Annual accounts 201119,5 k €↓
- 2010Annual accounts 201055,1 k €↑
- 2009Annual accounts 200916,3 k €↓
- 2008Annual accounts 200831,9 k €↑
- 2007Annual accounts 200726 k €
- 24/11/1989IncorporationPublic limited company