ACTIVE

Artes TWT

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Financial year 2025 · closed on 31/12/2025

Net result

4,2 M €

-21.6% YoY

Revenue

46,4 M €

-23.1% YoY

Equity

6,5 M €

+2.9% YoY

Workforce

108,9 ETP

+11.1% YoY

What does Artes TWT do?

Artes TWT is a Public limited company incorporated in 1993. Its registered office is in Andenne. It employs on average 108,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.710.707

Incorporation

01/04/1993

Legal form

Public limited company

Registered office

Rue Géron 41
5300 Andenne · WallonieSee on map

Contributed capital

620 000,00 €

Latest accounts

31/12/2025

Average workforce

108,9 ETP

Joint committees (3)

Contacts

4 public details availableLog in to view

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2021		2019		2017		2016		2015		2013		2012		2010		2009		2008
Income statement
Revenue	46,4 M €	-23.1%	60,3 M €	-14.4%	70,5 M €	+114%	32,9 M €	-0.6%	33,1 M €	+56.7%	21,1 M €	+58.0%	13,4 M €	-55.5%	30 M €	+47.9%	20,3 M €	+78.6%	11,4 M €	-46.8%	21,4 M €	+81.0%	11,8 M €	-32.0%	17,4 M €
EBITDA	6,3 M €	-13.2%	7,3 M €	-22.5%	9,4 M €	+154%	3,7 M €	+15.2%	3,2 M €	+28.5%	2,5 M €	+543%	390,1 k €	-93.4%	5,9 M €	+617%	826 k €	-44.2%	1,5 M €	-9.9%	1,6 M €	+49.4%	1,1 M €	-26.9%	1,5 M €
Operating result	5,7 M €	-16.6%	6,8 M €	-23.0%	8,8 M €	+172%	3,2 M €	+17.3%	2,8 M €	+20.1%	2,3 M €	+1747%	124,9 k €	-97.7%	5,5 M €	+109632%	5 k €	-99.4%	835,9 k €	-38.7%	1,4 M €	+39.6%	976,9 k €	-27.0%	1,3 M €
Net result	4,2 M €	-21.6%	5,3 M €	-20.6%	6,7 M €	+173%	2,5 M €	+14.0%	2,2 M €	+37.6%	1,6 M €	+1435%	102,4 k €	-97.2%	3,7 M €	+10808%	33,9 k €	-96.3%	911,5 k €	-16.6%	1,1 M €	+58.5%	689,7 k €	-34.5%	1,1 M €
Balance sheet
Equity	6,5 M €	+2.9%	6,3 M €	+4.6%	6 M €	+274%	1,6 M €	-74.8%	6,4 M €	+30.8%	4,9 M €	+19.5%	4,1 M €	+0.9%	4 M €	+104%	2 M €	-49.8%	3,9 M €	+49.5%	2,6 M €	+26.5%	2,1 M €	-6.6%	2,2 M €
Total assets	32,6 M €	+15.2%	28,3 M €	+8.7%	26 M €	+31.6%	19,8 M €	+16.3%	17 M €	+26.0%	13,5 M €	+0.5%	13,4 M €	+6.5%	12,6 M €	+61.3%	7,8 M €	-26.0%	10,6 M €	+58.6%	6,7 M €	-11.5%	7,5 M €	+2.7%	7,3 M €
Cash	11,1 M €	+14.0%	9,7 M €	+30.1%	7,5 M €	+32.5%	5,6 M €	-7.0%	6 M €	+73.9%	3,5 M €	-30.3%	5 M €	+4.1%	4,8 M €	+605%	679,5 k €	-56.9%	1,6 M €	+99.9%	788,3 k €	-49.8%	1,6 M €	+7.5%	1,5 M €
Debts	25,9 M €	+18.6%	21,9 M €	+10.2%	19,9 M €	+10.8%	17,9 M €	+69.8%	10,6 M €	+23.9%	8,5 M €	+0.8%	8,5 M €	+5.0%	8,1 M €	+43.7%	5,6 M €	-12.3%	6,4 M €	+65.9%	3,9 M €	-25.4%	5,2 M €	+6.8%	4,8 M €
Other
Workforce	108,9 ETP	+11.1%	98,0 ETP	+2.4%	95,7 ETP	+21.0%	79,1 ETP	+7.3%	73,7 ETP	+18.1%	62,4 ETP	-2.3%	63,9 ETP	+4.1%	61,4 ETP	-16.6%	73,6 ETP	-7.3%	79,4 ETP	+38.8%	57,2 ETP	+10.0%	52,0 ETP	+2.8%	50,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 28 ended

Active mandates

ELCONSTRUCT

Managing director · since 28 mai 2025 · until 31 mai 2028 · 0554.696.676

Represented by Johan VAN OVERWALLE

Active

PACT 14

Director · since 28 mai 2025 · until 31 mai 2028 · 0780.850.097

Represented by Renaud SUINEN

Active

Robert HOORNAERT

Director · since 28 mai 2025 · until 31 mai 2028

Active

Ended mandates

ELCONSTRUCT

Managing director · since 31 mai 2023 · until 28 mai 2025 · 0554.696.676

Represented by Johan VAN OVERWALLE

Ended

PACT 14

Director · since 31 mai 2023 · until 28 mai 2025 · 0780.850.097

Represented by Renaud SUINEN

Ended

Robert HOORNAERT

Director · since 31 mai 2023 · until 28 mai 2025

Ended

PACT 14

Director · since 25 janvier 2022 · until 31 mai 2023 · 0780.850.097

Represented by Renaud SUINEN

Ended

At this address

Other companies at this address

Company	CBE no.
SM AR & AT & CIT● Active	1005.313.839
SM Artes TWT & Artes Depret NV● Active	0865.641.361
SM Artes TWT SA & Artes Roegiers NV● Active	0725.281.866
Société Momentanée Artes TWT SA & Artes DEPRET NV et Entreprises Jacques Delens● Active	0768.972.349
Société Momentanée Artes TWT SA & Artes ROEGIERS NV & Artes DEPRET NV● Active	0769.889.196
Société Momentanée de Artes TWT SA - Artes WOUNDENBERG NV - Artes ROEGIERS NV● Active	1011.683.670

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	30/06/2026	26/06/2025	24/06/2024	28/06/2023	24/06/2022	09/08/2021
General meeting	27/05/2026	28/05/2025	29/05/2024	31/05/2023	25/05/2022	26/05/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/05/2026	30/06/2026	French	PDF
Full model	31/12/2024	28/05/2025	26/06/2025	French	PDF
Full model	31/12/2023	29/05/2024	24/06/2024	French	PDF
Full model	31/12/2022	31/05/2023	28/06/2023	French	PDF
Full model	31/12/2021	25/05/2022	24/06/2022	French	PDF
Full modelCorrection	31/12/2020	26/05/2021	09/08/2021	French	PDF
Full model	31/12/2020	26/05/2021	18/06/2021	French	PDF
Full model	31/12/2019	27/05/2020	16/06/2020	French	PDF
Full model	31/12/2018	29/05/2019	20/06/2019	French	PDF
Full modelCorrection	31/12/2017	30/05/2018	10/09/2018	French	PDF
Full model	31/12/2017	30/05/2018	06/06/2018	French	PDF
Full model	31/12/2016	31/05/2017	19/06/2017	French	PDF
Full model	31/12/2015	25/05/2016	15/06/2016	French	PDF
Full model	31/12/2014	27/05/2015	09/06/2015	French	PDF
Full model	31/12/2013	28/05/2014	25/06/2014	French	PDF
Full model	31/12/2012	29/05/2013	06/06/2013	French	PDF
Full model	31/12/2011	30/05/2012	22/06/2012	French	PDF
Full model	31/12/2010	25/05/2011	21/06/2011	French	PDF
Full model	31/12/2009	26/05/2010	29/06/2010	French	PDF
Full model	31/12/2008	27/05/2009	19/06/2009	French	PDF
Full model	31/12/2007	28/05/2008	20/06/2008	French	PDF
Full model	31/12/2006	30/05/2007	26/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 3 active · 28 ended

Active mandates

ELCONSTRUCT

Managing director · since 28 mai 2025 · until 31 mai 2028 · 0554.696.676

Represented by Johan VAN OVERWALLE

Active

PACT 14

Director · since 28 mai 2025 · until 31 mai 2028 · 0780.850.097

Represented by Renaud SUINEN

Active

Robert HOORNAERT

Director · since 28 mai 2025 · until 31 mai 2028

Active

Ended mandates

ELCONSTRUCT

Managing director · since 31 mai 2023 · until 28 mai 2025 · 0554.696.676

Represented by Johan VAN OVERWALLE

Ended

PACT 14

Director · since 31 mai 2023 · until 28 mai 2025 · 0780.850.097

Represented by Renaud SUINEN

Ended

Robert HOORNAERT

Director · since 31 mai 2023 · until 28 mai 2025

Ended

PACT 14

Director · since 25 janvier 2022 · until 31 mai 2023 · 0780.850.097

Represented by Renaud SUINEN

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates09/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2025
DEMISSIONS, NOMINATIONS
PDF
Other08/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates15/04/2022
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 20254,2 M €↓
2024
Annual accounts 20245,3 M €↓
2023
Annual accounts 20236,7 M €↑
2021
Annual accounts 20212,5 M €↑
2019
Annual accounts 20192,2 M €↑
2017
Annual accounts 20171,6 M €↑
2016
Annual accounts 2016102,4 k €↓
2015
Annual accounts 20153,7 M €↑
2013
Annual accounts 201333,9 k €↓
2012
Annual accounts 2012911,5 k €↓
2012
Name changeArtes TWT NV
2010
Annual accounts 20101,1 M €↑
2009
Annual accounts 2009689,7 k €↓
2008
Annual accounts 20081,1 M €
2008
Name changeT.W.T.
01/04/1993
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

Artes TWT

Overview

What does Artes TWT do?

Trend over 13 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