ACTIVE

ART - CASTING

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Financial year 2025 · closed on 31/12/2025

Net result

32,4 k €

-90.5% YoY

Gross margin

2,3 M €

-15.5% YoY

Equity

1,5 M €

-3.9% YoY

Workforce

32,3 ETP

-3.9% YoY

What does ART - CASTING do?

ART - CASTING is a Private limited company incorporated in 1990. Its main activity is: Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Its registered office is in Oudenaarde. It employs on average 32,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.456.205

Incorporation

21/08/1990

Legal form

Private limited company

Registered office

Meersbloem-Leupegem 13
9700 Oudenaarde · FlandreSee on map

Contributed capital

26 162,39 €

Latest accounts

31/12/2025

Average workforce

32,3 ETP

Activities (NACE)

25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy· main 25620Machining 25999Manufacture of other fabricated metal products n.e.c.25999Manufacture of other fabricated metal products n.e.c.28520Manufacture of machinery and equipment n.e.c.28754Manufacture of machinery and equipment n.e.c.

Joint committees (4)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,3 M €	-15.5%	2,7 M €	-6.2%	2,9 M €	-0.3%	2,9 M €	+18.7%	2,5 M €	+9.1%	2,3 M €	-21.5%	2,9 M €	+34.3%	2,1 M €	+2.2%	2,1 M €	+2.7%	2 M €	+24.3%	1,6 M €	-12.4%	1,9 M €	+1.0%	1,9 M €	+12.2%	1,7 M €	+25.9%	1,3 M €	+20.4%	1,1 M €	+27.1%	859,5 k €	-13.1%	988,9 k €
EBITDA	190,6 k €	-68.3%	601 k €	+13.3%	530,4 k €	-25.2%	709,1 k €	+105%	345,7 k €	+13.7%	304,1 k €	-60.8%	776,4 k €	+198%	260,6 k €	-43.7%	462,7 k €	-6.9%	496,7 k €	+60.8%	308,9 k €	-43.5%	546,5 k €	+12.9%	484,1 k €	-6.4%	516,9 k €	+10.9%	466,1 k €	+56.9%	297,1 k €	+176%	107,8 k €	-62.5%	287,7 k €
Operating result	42,8 k €	-90.8%	466,6 k €	+12.3%	415,5 k €	-27.4%	572 k €	+157%	222,7 k €	+41.3%	157,6 k €	-72.1%	565 k €	+919%	55,4 k €	-81.3%	295,8 k €	-11.8%	335,4 k €	+112%	158,5 k €	-62.0%	416,7 k €	+18.4%	351,9 k €	-7.3%	379,8 k €	+14.0%	333,2 k €	+106%	161,6 k €	+465%	-44,3 k €	-136%	123,6 k €
Net result	32,4 k €	-90.5%	339,9 k €	+18.5%	286,8 k €	-30.0%	409,4 k €	+177%	147,5 k €	+54.6%	95,5 k €	-71.4%	333,9 k €	+5781%	5,7 k €	-96.8%	175,6 k €	-9.3%	193,6 k €	+134%	82,9 k €	-67.6%	256,2 k €	+22.0%	209,9 k €	-9.1%	231 k €	+16.4%	198,4 k €	+86.4%	106,5 k €	+238%	-76,9 k €	-187%	88,9 k €
Balance sheet
Equity	1,5 M €	-3.9%	1,6 M €	+26.8%	1,3 M €	+13.7%	1,1 M €	+40.5%	792,6 k €	-0.3%	795,1 k €	-3.5%	824,3 k €	+19.4%	690,4 k €	-22.5%	890,7 k €	+1.0%	882,1 k €	+3.1%	855,6 k €	+10.7%	772,7 k €	+15.9%	666,5 k €	+9.9%	606,6 k €	+23.7%	490,5 k €	+67.9%	292,1 k €	+57.4%	185,6 k €	-29.3%	262,5 k €
Total assets	3,1 M €	+3.3%	3 M €	-13.0%	3,5 M €	+4.7%	3,3 M €	+18.8%	2,8 M €	+46.4%	1,9 M €	-17.5%	2,3 M €	-4.5%	2,4 M €	+17.4%	2,1 M €	-7.7%	2,2 M €	-9.4%	2,5 M €	+1.6%	2,4 M €	+4.2%	2,3 M €	+5.7%	2,2 M €	+27.0%	1,7 M €	+7.9%	1,6 M €	+1.3%	1,6 M €	-2.3%	1,6 M €
Cash	416,6 k €	-32.3%	615,2 k €	+34.8%	456,3 k €	-73.6%	1,7 M €	+41.7%	1,2 M €	+24.7%	976,6 k €	+76.4%	553,7 k €	-43.9%	986,9 k €	+52.0%	649,5 k €	+29.9%	499,9 k €	+148%	201,3 k €	-13.6%	233 k €	-57.3%	545,8 k €	+21.7%	448,5 k €	+51.9%	295,2 k €	+78.0%	165,8 k €	-12.6%	189,6 k €	-7.1%	204,1 k €
Debts	1,6 M €	+12.8%	1,4 M €	-36.9%	2,2 M €	-0.0%	2,2 M €	+10.1%	2 M €	+80.7%	1,1 M €	-25.4%	1,5 M €	-14.1%	1,7 M €	+48.2%	1,2 M €	-12.1%	1,3 M €	-17.4%	1,6 M €	-0.5%	1,6 M €	-1.5%	1,6 M €	+4.3%	1,6 M €	+30.8%	1,2 M €	-9.0%	1,3 M €	-6.2%	1,4 M €	+2.9%	1,4 M €
Other
Workforce	32,3 ETP	-3.9%	33,6 ETP	-12.5%	38,4 ETP	-2.3%	39,3 ETP	+9.8%	35,8 ETP	-4.8%	37,6 ETP	-6.7%	40,3 ETP	+13.2%	35,6 ETP	+8.9%	32,7 ETP	+4.5%	31,3 ETP	+13.0%	27,7 ETP	+4.1%	26,6 ETP	-13.1%	30,6 ETP	+18.1%	25,9 ETP	+34.2%	19,3 ETP	-4.0%	20,1 ETP	-1.5%	20,4 ETP	-3.8%	21,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

GEERT NORGA

Director

Active

JOHAN NORGA

Director

Active

Ended mandates

GEERT NORGA

Manager

Ended

JOHAN NORGA

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
P-A-C GROUP● Active	0691.885.756
PASCO INVEST● Active	0689.968.621

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	01/01/2025	01/01/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	12 months	12 months	13 months	13 months	13 months	13 months
Filing date	09/07/2026	11/07/2025	16/07/2024	12/07/2023	12/07/2022	15/07/2021
General meeting	29/06/2026	23/06/2025	28/06/2024	29/06/2023	24/06/2022	25/06/2021
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	09/07/2026	Dutch	PDF
Abridged model	31/12/2024	23/06/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	16/07/2024	Dutch	PDF
Abridged model	30/12/2022	29/06/2023	12/07/2023	Dutch	PDF
Abridged model	30/12/2021	24/06/2022	12/07/2022	Dutch	PDF
Abridged model	30/12/2020	25/06/2021	15/07/2021	Dutch	PDF
Abridged model	30/12/2019	19/06/2020	06/07/2020	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	18/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	09/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	08/06/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	08/07/2014	Dutch	PDF
Abridged model	31/12/2012	12/07/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	08/07/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	07/08/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	08/08/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	03/08/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

GEERT NORGA

Director

Active

JOHAN NORGA

Director

Active

Ended mandates

GEERT NORGA

Manager

Ended

JOHAN NORGA

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Other17/01/2019
BOEKJAAR
PDF
Restructuring18/09/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring28/05/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring11/12/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office01/02/2006
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares13/02/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2025
Annual accounts 202532,4 k €↓
2024
Annual accounts 2024339,9 k €↑
2023
Annual accounts 2023286,8 k €↓
2022
Annual accounts 2022409,4 k €↑
2021
Annual accounts 2021147,5 k €↑
2020
Annual accounts 202095,5 k €↓
2017
Annual accounts 2017333,9 k €↑
2016
Annual accounts 20165,7 k €↓
2015
Annual accounts 2015175,6 k €↓
2014
Annual accounts 2014193,6 k €↑
2013
Annual accounts 201382,9 k €↓
2012
Annual accounts 2012256,2 k €↑
2011
Annual accounts 2011209,9 k €↓
2010
Annual accounts 2010231 k €↑
2009
Annual accounts 2009198,4 k €↑
2008
Annual accounts 2008106,5 k €↑
2007
Annual accounts 2007-76,9 k €↓
2006
Annual accounts 200688,9 k €
21/08/1990
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ART - CASTING

Overview

What does ART - CASTING do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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