ACTIVE

ARTWALL

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Financial year 2025 · Closed on 31/12/2025

Net result2 M €-23,0 %over 1 year

Gross margin-167,8 k €+43,6 %over 1 year

Equity27,2 M €+7,9 %over 1 year

Workforce0,4 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

ARTWALL is a Public limited company incorporated in 1989. Its main activity is: Management consultancy activities. Its registered office is in Woluwe-Saint-Lambert. It employs on average 0,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0439.055.058
Incorporation: 24/11/1989
Legal form: Public limited company
Registered office: Rue Voot 67
1200 Woluwe-Saint-Lambert · BruxellesSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025
Average workforce: 0,4 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (2)

100
10000

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 21 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-167,8 k €	+43.6%	-297,8 k €	-20.0%	-248,2 k €	-37.3%	-180,8 k €	-121%	856,9 k €
EBITDA	-265,7 k €	+31.7%	-388,9 k €	-15.2%	-337,6 k €	-11.2%	-303,6 k €	-140%	756,1 k €
Operating result	-442,4 k €	+25.5%	-593,5 k €	+14.4%	-693,8 k €	+42.6%	-1,2 M €	-1071%	124,5 k €
Net result	2 M €	-23.0%	2,6 M €	+197%	-2,7 M €	-436%	790,2 k €	+1202%	60,7 k €
Balance sheet
Equity	27,2 M €	+7.9%	25,2 M €	+11.4%	22,6 M €	-10.5%	25,3 M €	+3.2%	24,5 M €
Total assets	31,9 M €	+8.7%	29,4 M €	+0.7%	29,2 M €	-6.7%	31,3 M €	-13.2%	36 M €
Cash	171,4 k €	+818%	18,7 k €	-91.6%	223,6 k €	-54.3%	489,3 k €	-54.4%	1,1 M €
Debts	4,7 M €	+13.6%	4,2 M €	-36.3%	6,5 M €	+9.4%	6 M €	-48.3%	11,5 M €
Other
Workforce	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	+100%	0,2 ETP	-60.0%	0,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bernard WORONOFF	Managing director12/04/2007 → 24/06/2030Mandate2021 accountsended
Gabrielle WORONOFF	Director04/10/2024 → 24/06/2030
Dimitri WORONOFF	Managing director30/08/2015 → 28/06/2027Director30/08/2015 → 2022 accountsendedMandate2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Michel VANDENKERCKHOVE	Director30/06/2018 → 2022 accounts
Patrick FRANCOIS	Director30/06/2018 → 2022 accounts

Full financial information

Source · NBB

	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	30/09/2026	30/09/2025	10/10/2024	09/10/2023	31/08/2022	29/10/2021
General meeting	30/09/2026	24/09/2025	04/10/2024	05/10/2023	30/06/2022	28/10/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/09/2026	30/09/2026	French	PDF
Abridged model	31/12/2024	24/09/2025	30/09/2025	French	PDF
Abridged model	31/12/2023	04/10/2024	10/10/2024	French	PDF
Abridged model	31/12/2022	05/10/2023	09/10/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	28/10/2021	29/10/2021	French	PDF
Abridged model	31/12/2019	31/10/2020	13/11/2020	French	PDF
Abridged model	31/12/2018	22/08/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	10/08/2018	French	PDF
Abridged modelCorrection	31/12/2016	02/08/2017	27/11/2017	French	PDF
Abridged model	31/12/2016	02/08/2017	04/08/2017	French	PDF
Abridged model	31/12/2015	29/08/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	30/08/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	04/08/2014	French	PDF
Abridged model	31/12/2012	13/05/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	12/05/2012	23/08/2012	French	PDF
Abridged model	31/12/2010	12/05/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	12/05/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	24/07/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	02/06/2008	French	PDF
Abridged model	31/10/2006	12/04/2007	03/05/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bernard WORONOFF	Managing director12/04/2007 → 24/06/2030Mandate2021 accountsended
Gabrielle WORONOFF	Director04/10/2024 → 24/06/2030
Dimitri WORONOFF	Managing director30/08/2015 → 28/06/2027Director30/08/2015 → 2022 accountsendedMandate2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Michel VANDENKERCKHOVE	Director30/06/2018 → 2022 accounts
Patrick FRANCOIS	Director30/06/2018 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/02/2025
DEMISSIONS, NOMINATIONS
PDF
Other28/12/2023
ASSEMBLEE GENERALE
PDF
Mandates24/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates23/10/2018
DEMISSIONS, NOMINATIONS
PDF
Capital / shares30/04/2018
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/10/2015
DEMISSIONS, NOMINATIONS
PDF
Registered office24/03/2014
SIEGE SOCIAL - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates10/01/2013
DEMISSIONS, NOMINATIONS
PDF

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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

Filings18 filings

Mandates

Bernard WORONOFF

Gabrielle WORONOFF

Dimitri WORONOFF

Michel VANDENKERCKHOVE

Patrick FRANCOIS

198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

ARTWALL

Rue Voot 67, 1200 Woluwe-Saint-Lambert

Managing director

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Voot 67, 1200 Woluwe-Saint-LambertCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00542096

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ARTWALLCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00542096

Events

2025
Annual accounts 20252 M €↓
2024
Annual accounts 20242,6 M €↑
2023
Annual accounts 2023-2,7 M €↓
2022
Annual accounts 2022790,2 k €↑
2021
Annual accounts 202160,7 k €↑
2018
Annual accounts 2018-399,8 k €↓
2017
Annual accounts 20172,4 M €↑
2016
Annual accounts 2016-412 k €↓
2015
Annual accounts 20151,4 M €↑
2014
Annual accounts 2014723,1 k €↓
2013
Annual accounts 20132,9 M €↓
2012
Annual accounts 20124,3 M €↓
2011
Annual accounts 20114,8 M €↑
2010
Annual accounts 20101,5 M €↑
2009
Annual accounts 2009526,8 k €↑
2008
Annual accounts 2008-1,4 M €↓
2007
Annual accounts 200735,1 M €↑
2006
Annual accounts 20061 M €
24/11/1989
IncorporationPublic limited company

ARTWALL

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events