ACTIVE

ARTH

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Financial year 2025 · Closed on 31/12/2025

Net result863,7 k €-7,0 %over 1 year
Gross margin703,3 k €+181,1 %over 1 year
Equity2,6 M €-13,8 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

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
Contributed capital
74 833,92 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin703,3 k €250,2 k €213 k €241,8 k €516,8 k €
EBITDA676,2 k €240,4 k €195,4 k €230 k €502,1 k €
Operating result508,2 k €136,2 k €37,6 k €62,2 k €373,7 k €
Net result863,7 k €929 k €176,3 k €206,6 k €280,3 k €
Balance sheet
Equity2,6 M €3,1 M €2,1 M €2 M €1,9 M €
Total assets5,5 M €5,5 M €3,9 M €3,8 M €3,5 M €
Cash95,4 k €420,5 k €135,9 k €297,9 k €56,2 k €
Debts2,7 M €2,4 M €1,7 M €1,8 M €1,6 M €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP––

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Geneviève APPELDOORN
Director30/09/2013 → 01/09/2030Mandate2016 accountsended
Pascal APPELDOORN
Director01/01/2006 → 01/09/2030Mandate2016 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Patricia APPELDOORN
Director01/01/2006 → 2023 accountsMandate2016 accounts
Gneviève Appeldoorn
Director2020 accounts
Jacques Appeldoorn
Mandate2012 accounts

Other companies at this address

Rue Bonry(PLX) 156 4122 Neupré
CompanyCBE no.
EPIN2POM● Active
0737.812.979

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelAbridged modelAbridged 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 date18/08/202620/08/202503/07/202425/07/202304/05/202206/07/2021
General meeting25/06/202627/06/202510/06/202407/05/202301/05/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202525/06/202618/08/2026FrenchPDF
Abridged model31/12/202427/06/202520/08/2025FrenchPDF
Abridged model31/12/202310/06/202403/07/2024FrenchPDF
Micro model31/12/202207/05/202325/07/2023FrenchPDF
Abridged model31/12/202101/05/202204/05/2022FrenchPDF
Abridged model31/12/202015/06/202106/07/2021FrenchPDF
Abridged model31/12/201916/06/202030/06/2020FrenchPDF
Abridged model31/12/201818/06/201926/08/2019FrenchPDF
Abridged model31/12/201719/06/201820/08/2018FrenchPDF
Abridged model31/12/201620/06/201725/08/2017FrenchPDF
Abridged model31/12/201521/06/201603/08/2016FrenchPDF
Abridged model31/12/201416/06/201519/08/2015FrenchPDF
Abridged model31/12/201317/06/201428/08/2014FrenchPDF
Abridged model31/12/201218/06/201323/08/2013FrenchPDF
Abridged model31/12/201112/06/201231/07/2012FrenchPDF
Abridged model31/12/201021/06/201130/06/2011FrenchPDF
Abridged model31/12/200915/06/201002/08/2010FrenchPDF
Abridged modelCorrection31/12/200816/06/200930/05/2012FrenchPDF
Abridged model31/12/200816/06/200904/07/2009FrenchPDF
Abridged model31/12/200705/08/200825/08/2008FrenchPDF
Abridged model31/12/200619/06/200730/08/2007FrenchPDF

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.

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

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Geneviève APPELDOORN
Director30/09/2013 → 01/09/2030Mandate2016 accountsended
Pascal APPELDOORN
Director01/01/2006 → 01/09/2030Mandate2016 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Patricia APPELDOORN
Director01/01/2006 → 2023 accountsMandate2016 accounts
Gneviève Appeldoorn
Director2020 accounts
Jacques Appeldoorn
Mandate2012 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates26/08/2026
    Nominations
    PDF
  • Mandates06/09/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/03/2021
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares17/07/2019
    CAPITAL, ACTIONS
    PDF
  • Capital / shares29/01/2018
    CAPITAL, ACTIONS
    PDF
  • Mandates14/11/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares24/09/2009
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates09/09/2008
    DEMISSIONS, NOMINATIONS
    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
Filings19 filings
Mandates
Pascal APPELDOORN
Geneviève APPELDOORN
Patricia APPELDOORN
Jacques Appeldoorn
Gneviève Appeldoorn
198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030
ARTH
Rue Bonry 156, 4120 Neupré
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue Bonry(PLX) 156, 4122 PlainevauxCurrent
CBE
Rue Bonry 156, 4120 Neupré
accounts 2021 → 2025
Accounts 2025 · 2026-00420138

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
ARTHCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00420138

Events

  1. 2025
    Annual accounts 2025863,7 k €↓
  2. 2024
    Annual accounts 2024929 k €↑
  3. 2023
    Annual accounts 2023176,3 k €↓
  4. 2022
    Annual accounts 2022206,6 k €↓
  5. 2021
    Annual accounts 2021280,3 k €↑
  6. 2020
    Annual accounts 2020209,5 k €↓
  7. 2019
    Annual accounts 2019837,1 k €↑
  8. 2018
    Annual accounts 2018-39,5 k €↓
  9. 2017
    Annual accounts 2017-30,9 k €↓
  10. 2016
    Annual accounts 2016113,5 k €↑
  11. 2015
    Annual accounts 201558,9 k €↓
  12. 2014
    Annual accounts 201476,2 k €↓
  13. 2013
    Annual accounts 201391,4 k €↑
  14. 2012
    Annual accounts 20127 k €↓
  15. 2011
    Annual accounts 201119,5 k €↓
  16. 2010
    Annual accounts 201055,1 k €↑
  17. 2009
    Annual accounts 200916,3 k €↓
  18. 2008
    Annual accounts 200831,9 k €↑
  19. 2007
    Annual accounts 200726 k €
  20. 24/11/1989
    IncorporationPublic limited company