ACTIVE

ARCADE

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Financial year 2025 · closed on 31/12/2025

Net result

41,5 k €

-84.2% YoY

Gross margin

1,1 M €

-6.2% YoY

Equity

2,5 M €

+1.7% YoY

Workforce

1,0 ETP

0.0% YoY

What does ARCADE do?

ARCADE is a Public limited company incorporated in 1991. Its main activity is: Buying and selling of own real estate. Its registered office is in Liège. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.013.243

Incorporation

30/04/1991

Legal form

Public limited company

Registered office

Quai Timmermans 14
4000 Liège · WallonieSee on map

Contributed capital

142 565,39 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,1 M €	-6.2%	1,2 M €	+8.9%	1,1 M €	-6.9%	1,2 M €	+6.1%	1,1 M €	+86.9%	583 k €	+40.4%	415,3 k €	+6.7%	389,3 k €	-37.4%	621,8 k €	+64.0%	379,1 k €	+18.4%	320 k €	+15.9%	276,1 k €	-1.2%	279,4 k €	+15.9%	241 k €	-15.3%	284,5 k €	+22.6%	232,2 k €	+86.1%	124,7 k €	+43.6%	86,9 k €
EBITDA	911,6 k €	-4.1%	950,4 k €	+6.2%	894,9 k €	-12.6%	1 M €	+5.2%	973,8 k €	+104%	476,9 k €	+49.2%	319,6 k €	+11.3%	287 k €	-51.9%	596,3 k €	+146%	242,4 k €	-18.5%	297,6 k €	+23.0%	242 k €	-8.6%	264,7 k €	+20.6%	219,6 k €	-5.8%	233,2 k €	+5.6%	220,9 k €	+94.6%	113,5 k €	+50.6%	75,3 k €
Operating result	254,7 k €	-53.3%	545,7 k €	+2.2%	534 k €	-23.0%	693,3 k €	+10.4%	627,7 k €	+115%	292,6 k €	+123%	131,4 k €	+285%	34,1 k €	-92.0%	426,4 k €	+479%	73,6 k €	-56.0%	167,5 k €	+51.2%	110,8 k €	-23.7%	145,2 k €	+85.4%	78,3 k €	-14.4%	91,5 k €	+8.1%	84,7 k €	+565%	12,7 k €	+198%	-13,1 k €
Net result	41,5 k €	-84.2%	262,3 k €	-7.3%	282,9 k €	-39.9%	471,1 k €	+6.2%	443,7 k €	+280%	116,8 k €	+83.5%	63,6 k €	+507%	-15,6 k €	-648%	-2,1 k €	+92.3%	-27 k €	-154%	50,1 k €	+83.1%	27,4 k €	-60.2%	68,7 k €	+1113%	5,7 k €	-28.9%	8 k €	+252%	-5,2 k €	+89.9%	-51,8 k €	+21.7%	-66,2 k €
Balance sheet
Equity	2,5 M €	+1.7%	2,4 M €	+12.0%	2,2 M €	+14.9%	1,9 M €	+33.1%	1,4 M €	+319%	340 k €	+52.3%	223,2 k €	+39.9%	159,6 k €	+131%	69,2 k €	-2.9%	71,2 k €	-27.5%	98,3 k €	+104%	48,2 k €	+131%	20,8 k €	+143%	-47,9 k €	+10.6%	-53,5 k €	+12.9%	-61,5 k €	-9.3%	-56,3 k €	-1166%	-4,4 k €
Total assets	10,3 M €	+29.2%	8 M €	+19.7%	6,7 M €	-1.7%	6,8 M €	+22.6%	5,5 M €	+70.8%	3,2 M €	+3.0%	3,1 M €	-4.4%	3,3 M €	-4.6%	3,4 M €	-1.2%	3,5 M €	+57.9%	2,2 M €	-0.4%	2,2 M €	+17.5%	1,9 M €	-2.1%	1,9 M €	-3.6%	2 M €	+2.6%	1,9 M €	+11.3%	1,8 M €	+13.7%	1,5 M €
Cash	5,2 k €	-81.1%	27,5 k €	+179%	9,9 k €	-67.0%	29,9 k €	-76.7%	128,6 k €	+633%	17,5 k €	+51.0%	11,6 k €	-10.4%	13 k €	-38.5%	21,1 k €	+58.3%	13,3 k €	-26.3%	18,1 k €	-54.7%	39,9 k €	+21.7%	32,8 k €	+129%	14,3 k €	-48.6%	27,8 k €		–		25,2 k €	+899%	2,5 k €
Debts	7,7 M €	+42.1%	5,4 M €	+23.6%	4,4 M €	-7.3%	4,8 M €	+19.6%	4 M €	+38.1%	2,9 M €	-0.6%	2,9 M €	-5.7%	3,1 M €	-8.5%	3,4 M €	-0.1%	3,4 M €	+60.0%	2,1 M €	-2.7%	2,2 M €	+15.8%	1,9 M €	-5.7%	2 M €	-3.8%	2,1 M €	+2.1%	2 M €	+11.3%	1,8 M €	+17.2%	1,5 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	+42.9%	0,7 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 9 ended

Active mandates

Alexandre VALENTINY

Director · since 15 novembre 2012 · until 31 juillet 2030

Active

Noemie VALENTINY

Director · since 15 novembre 2012 · until 31 juillet 2030

Active

Martine SCHUMACHER

Managing director · since 06 mars 2001 · until 31 juillet 2030

Active

Ended mandates

Alexandre VALENTINY

Director · since 15 novembre 2012

Ended

Noémie VALENTINY

Director · since 15 novembre 2012

Ended

Maggy DELCHEF

Director · since 20 avril 2006

Ended

Martine SCHUMACHER

Managing director · since 20 avril 2006

Ended

At this address

Other companies at this address

Company	CBE no.
ESPACE NEUF● Active	0435.023.719
GOSSELIES DEVELOPPEMENT● Liquidation	0441.219.247
MICROBUS● Active	0432.063.833
VAL INVEST● Active	1016.045.306

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	17/07/2026	28/08/2025	18/07/2024	25/07/2023	13/10/2022	26/08/2021
General meeting	29/06/2026	26/08/2025	10/07/2024	22/07/2023	03/10/2022	21/08/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	17/07/2026	French	PDF
Abridged model	31/12/2024	26/08/2025	28/08/2025	French	PDF
Abridged model	31/12/2023	10/07/2024	18/07/2024	French	PDF
Abridged model	31/12/2022	22/07/2023	25/07/2023	French	PDF
Abridged model	31/12/2021	03/10/2022	13/10/2022	French	PDF
Micro model	31/12/2020	21/08/2021	26/08/2021	French	PDF
Micro model	31/12/2019	25/05/2020	10/06/2020	French	PDF
Micro model	31/12/2018	24/09/2019	30/09/2019	French	PDF
Micro model	31/12/2017	01/08/2018	17/08/2018	French	PDF
Micro model	31/12/2016	07/06/2017	28/06/2017	French	PDF
Abridged model	31/12/2015	30/05/2016	14/06/2016	French	PDF
Abridged model	31/12/2014	23/09/2015	29/09/2015	French	PDF
Abridged model	31/12/2013	03/07/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	30/08/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	26/10/2012	15/11/2012	French	PDF
Abridged model	31/12/2010	28/11/2011	02/12/2011	French	PDF
Abridged model	31/12/2009	27/10/2010	29/11/2010	French	PDF
Abridged model	31/12/2008	25/11/2009	21/12/2009	French	PDF
Abridged model	31/12/2007	04/12/2008	31/12/2008	French	PDF
Abridged model	31/12/2006	25/02/2008	29/02/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 3 active · 9 ended

Active mandates

Alexandre VALENTINY

Director · since 15 novembre 2012 · until 31 juillet 2030

Active

Noemie VALENTINY

Director · since 15 novembre 2012 · until 31 juillet 2030

Active

Martine SCHUMACHER

Managing director · since 06 mars 2001 · until 31 juillet 2030

Active

Ended mandates

Alexandre VALENTINY

Director · since 15 novembre 2012

Ended

Noémie VALENTINY

Director · since 15 novembre 2012

Ended

Maggy DELCHEF

Director · since 20 avril 2006

Ended

Martine SCHUMACHER

Managing director · since 20 avril 2006

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office16/06/2025
SIEGE SOCIAL
PDF
Mandates31/12/2024
DEMISSIONS, NOMINATIONS
PDF
Restructuring06/08/2020
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring03/06/2020
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates25/11/2019
DEMISSIONS, NOMINATIONS
PDF
Restructuring07/09/2016
OBJET - CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring06/06/2016
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates21/02/2013
DEMISSIONS, NOMINATIONS
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 202541,5 k €↓
2024
Annual accounts 2024262,3 k €↓
2023
Annual accounts 2023282,9 k €↓
2022
Annual accounts 2022471,1 k €↑
2021
Annual accounts 2021443,7 k €↑
2019
Annual accounts 2019116,8 k €↑
2018
Annual accounts 201863,6 k €↑
2017
Annual accounts 2017-15,6 k €↓
2015
Annual accounts 2015-2,1 k €↑
2014
Annual accounts 2014-27 k €↓
2013
Annual accounts 201350,1 k €↑
2012
Annual accounts 201227,4 k €↓
2011
Annual accounts 201168,7 k €↑
2010
Annual accounts 20105,7 k €↓
2009
Annual accounts 20098 k €↑
2008
Annual accounts 2008-5,2 k €↑
2007
Annual accounts 2007-51,8 k €↑
2006
Annual accounts 2006-66,2 k €
30/04/1991
IncorporationPublic 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

ARCADE

Overview

What does ARCADE 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