ACTIVE

ARFIN

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Financial year 2025 · closed on 31/12/2025

Net result

84,1 k €

+165.3% YoY

Gross margin

287,8 k €

-7.5% YoY

Equity

4,8 M €

+7.7% YoY

What does ARFIN do?

ARFIN is a Private limited company incorporated in 1991. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.307.787

Incorporation

30/12/1991

Legal form

Private limited company

Registered office

Avenue de l'Hippodrome 35 box 8
1050 Ixelles · BruxellesSee on map

Contributed capital

94 032,87 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 21 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	287,8 k €	-7.5%	311,2 k €	+177%	112,4 k €	-60.2%	282,7 k €	-48.2%	545,5 k €	+138%	229 k €	-89.7%	2,2 M €	+488%	377,2 k €	+628%	51,8 k €	-88.0%	430,5 k €	+24.8%	345 k €	-12.0%	391,9 k €	+51.1%	259,4 k €	+11.4%	232,9 k €	-0.8%	234,8 k €	+12.1%	209,5 k €	-50.6%	424,5 k €	+104%	207,6 k €	-30.6%	299,4 k €	+4.7%	285,9 k €	-27.3%	392,9 k €
EBITDA	247,7 k €	-13.2%	285,4 k €	+228%	86,9 k €	-65.8%	254 k €	-51.1%	519,5 k €	+142%	214,2 k €	-90.4%	2,2 M €	+519%	360 k €	+624%	49,8 k €	-86.4%	366,2 k €	+21.2%	302,2 k €	-8.0%	328,6 k €	+31.9%	249,2 k €	+12.9%	220,7 k €	-1.8%	224,7 k €	+8.3%	207,5 k €	-45.7%	382,3 k €	+98.4%	192,7 k €	-22.8%	249,5 k €	-18.7%	306,7 k €	+0.5%	305,2 k €
Operating result	-3,5 k €	+96.8%	-110,2 k €	+3.2%	-113,8 k €	-385%	40 k €	-81.6%	217,5 k €	+1856%	11,1 k €	-99.4%	1,8 M €	+802%	197,8 k €	+638%	26,8 k €	-88.1%	225,2 k €	+64.3%	137 k €	+10.7%	123,8 k €	+13.7%	108,9 k €	+34.7%	80,9 k €	+12.7%	71,8 k €	-20.7%	90,5 k €	-23.4%	118,2 k €	+26.8%	93,2 k €	-38.2%	150,8 k €	-23.9%	198,2 k €	+7.9%	183,8 k €
Net result	84,1 k €	+165%	-128,8 k €	-281%	-33,8 k €	-9.9%	-30,7 k €	-118%	172,1 k €	-94.2%	3 M €	+164%	1,1 M €	+1288%	81,6 k €	+676%	10,5 k €	-95.3%	224 k €	+283%	58,5 k €	+12.2%	52,1 k €	+69.6%	30,7 k €	+463%	5,4 k €	+156%	-9,7 k €	-278%	5,4 k €	-92.7%	74,6 k €	-7.9%	80,9 k €	-3.8%	84,1 k €	-23.6%	110,1 k €	-53.1%	234,8 k €
Balance sheet
Equity	4,8 M €	+7.7%	4,5 M €	-2.8%	4,6 M €	-0.7%	4,6 M €	-0.7%	4,6 M €	+3.8%	4,5 M €	+201%	1,5 M €	+294%	377,1 k €	+27.6%	295,5 k €	-59.9%	736,3 k €	+31.2%	561,3 k €	+5.5%	531,8 k €	+0.6%	528,8 k €	+0.3%	527,1 k €	-8.6%	576,8 k €	-1.7%	586,5 k €	+0.1%	586 k €	-42.8%	1 M €	+5.8%	968,2 k €	+6.5%	909,1 k €	+10.3%	824 k €
Total assets	6,8 M €	+8.4%	6,3 M €	-3.5%	6,5 M €	+0.7%	6,5 M €	-2.3%	6,6 M €	+5.4%	6,3 M €	+35.0%	4,6 M €	+67.1%	2,8 M €	+0.6%	2,8 M €	-2.1%	2,8 M €	-1.5%	2,9 M €	+1.7%	2,8 M €	+14.8%	2,5 M €	-3.4%	2,5 M €	-4.5%	2,7 M €	-0.7%	2,7 M €	+2.1%	2,6 M €	+24.3%	2,1 M €	-0.0%	2,1 M €	+1.7%	2,1 M €	-1.7%	2,1 M €
Cash	5,3 k €	-90.7%	56,3 k €	-87.2%	439,9 k €	-8.0%	477,9 k €	+8.4%	440,7 k €	-51.7%	912 k €	+4378%	20,4 k €	+469%	3,6 k €	-69.7%	11,8 k €	-81.0%	62 k €	+506%	10,2 k €	-42.5%	17,8 k €	+89.1%	9,4 k €	+7625%	121,7 €	-99.9%	111,6 k €	+1886%	5,6 k €	-53.1%	12 k €	-64.8%	34 k €	+2155%	1,5 k €	-33.5%	2,3 k €	+13.8%	2 k €
Debts	2 M €	+9.7%	1,8 M €	-5.1%	1,9 M €	+4.3%	1,8 M €	-6.2%	2 M €	+10.3%	1,8 M €	-43.0%	3,1 M €	+35.5%	2,3 M €	-0.1%	2,3 M €	+20.6%	1,9 M €	-7.2%	2,1 M €	+1.6%	2 M €	+17.1%	1,7 M €	-5.6%	1,8 M €	-4.3%	1,9 M €	+1.0%	1,9 M €	+2.7%	1,8 M €	+97.1%	935,5 k €	-5.8%	993,6 k €	-6.1%	1,1 M €	-7.7%	1,1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Pierre NOTHOMB

Manager

Active

Sandrine Delacroix

Director

Active

Ended mandates

Pierre NOTHOMB

Director

Ended

Sandrine Delacroix

Manager

Ended

Sandrine DELACROIX

Manager · until 19 décembre 2016

Ended

At this address

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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	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	31/08/2026	19/06/2025	31/08/2024	01/09/2023	31/08/2022	13/07/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	19/06/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	31/08/2024	French	PDF
Abridged model	31/12/2022	26/05/2023	01/09/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	13/07/2021	French	PDF
Abridged model	31/12/2019	29/05/2020	22/09/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	31/08/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	08/06/2018	French	PDF
Abridged model	31/10/2017	25/05/2018	30/05/2018	French	PDF
Abridged model	31/10/2016	27/04/2017	04/05/2017	French	PDF
Abridged model	31/10/2015	27/04/2016	29/04/2016	French	PDF
Abridged model	31/10/2014	27/04/2015	28/04/2015	French	PDF
Abridged model	31/10/2013	30/04/2014	30/05/2014	French	PDF
Abridged model	31/10/2012	31/05/2013	31/05/2013	French	PDF
Abridged model	31/10/2011	25/06/2012	29/06/2012	French	PDF
Abridged model	31/10/2010	06/06/2011	17/06/2011	French	PDF
Abridged model	31/10/2009	30/04/2010	31/05/2010	French	PDF
Abridged model	31/10/2008	15/07/2009	30/07/2009	French	PDF
Abridged model	31/10/2007	16/07/2008	23/07/2008	French	PDF
Abridged model	31/10/2006	01/06/2007	30/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 3 ended

Active mandates

Pierre NOTHOMB

Manager

Active

Sandrine Delacroix

Director

Active

Ended mandates

Pierre NOTHOMB

Director

Ended

Sandrine Delacroix

Manager

Ended

Sandrine DELACROIX

Manager · until 19 décembre 2016

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring28/01/2026
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring10/11/2025
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Capital / shares04/01/2018
CAPITAL, ACTIONS - ANNEE COMPTABLE
PDF
Capital / shares06/11/2013
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/02/2010
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares06/09/2006
CAPITAL, ACTIONS
PDF
Mandates19/05/2003
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 202584,1 k €↑
2024
Annual accounts 2024-128,8 k €↓
2023
Annual accounts 2023-33,8 k €↓
2022
Annual accounts 2022-30,7 k €↓
2021
Annual accounts 2021172,1 k €↓
2020
Annual accounts 20203 M €↑
2019
Annual accounts 20191,1 M €↑
2018
Annual accounts 201881,6 k €↑
2017
Annual accounts 201710,5 k €↓
2017
Annual accounts 2017224 k €↑
2016
Annual accounts 201658,5 k €↑
2015
Annual accounts 201552,1 k €↑
2014
Annual accounts 201430,7 k €↑
2013
Annual accounts 20135,4 k €↑
2012
Annual accounts 2012-9,7 k €↓
2011
Annual accounts 20115,4 k €↓
2010
Annual accounts 201074,6 k €↓
2009
Annual accounts 200980,9 k €↓
2008
Annual accounts 200884,1 k €↓
2007
Annual accounts 2007110,1 k €↓
2006
Annual accounts 2006234,8 k €
30/12/1991
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

ARFIN

Overview

What does ARFIN do?

Trend over 21 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