ACTIVE

AR - TECH

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Financial year 2025 · closed on 31/12/2025

Net result

249,9 k €

+764.4% YoY

Gross margin

350,5 k €

+484.0% YoY

Equity

489,2 k €

+75.2% YoY

What does AR - TECH do?

AR - TECH is a Private limited company incorporated in 1993. Its main activity is: Computer programming activities. Its registered office is in Chaudfontaine.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.086.028

Incorporation

06/10/1993

Legal form

Private limited company

Registered office

Route de Beaufays 112
4050 Chaudfontaine · WallonieSee on map

Contributed capital

8 676,00 €

Latest accounts

31/12/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities 72500Scientific research and development 95100Repair of computers and communication equipment 95110Repair of computers and peripheral equipment

Joint committees (1)

14901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	350,5 k €	+484%	60 k €	+50.8%	39,8 k €	+3.9%	38,3 k €	+3.6%	37 k €	-51.0%	75,5 k €	+14.2%	66,1 k €	+117%	30,5 k €	-17.1%	36,8 k €	-15.5%	43,6 k €	+68.9%	25,8 k €	+11.2%	23,2 k €	-14.0%	27 k €	+100%	13,5 k €	-27.6%	18,6 k €	-7.1%	20 k €	-23.5%	26,2 k €	-41.3%	44,7 k €	-35.4%	69,2 k €
EBITDA	347,6 k €	+526%	55,6 k €	+60.6%	34,6 k €	-6.1%	36,8 k €	+5.3%	35 k €	-52.5%	73,7 k €	+14.2%	64,5 k €	+124%	28,8 k €	-16.7%	34,5 k €	-17.9%	42,1 k €	+68.4%	25 k €	+10.3%	22,7 k €	-14.8%	26,6 k €	+177%	9,6 k €	-45.4%	17,6 k €	+7.3%	16,4 k €	+458%	-4,6 k €	-133%	14 k €	+11.4%	12,5 k €
Operating result	344,3 k €	+730%	41,5 k €	+101%	20,7 k €	-7.0%	22,2 k €	+10.5%	20,1 k €	-65.8%	58,8 k €	+18.5%	49,6 k €	+250%	14,2 k €	-28.9%	19,9 k €	-27.4%	27,5 k €	+236%	8,2 k €	-46.4%	15,2 k €	-20.1%	19,1 k €	+293%	4,9 k €	+83.8%	2,6 k €	-41.7%	4,5 k €	+131%	-14,8 k €	-519%	3,5 k €	+86.5%	1,9 k €
Net result	249,9 k €	+764%	28,9 k €	+101%	14,4 k €	-3.8%	15 k €	+20.4%	12,5 k €	-68.2%	39,1 k €	+23.6%	31,7 k €	+401%	6,3 k €	-32.7%	9,4 k €	-35.3%	14,5 k €	+129%	6,3 k €	-38.7%	10,3 k €	-25.7%	13,9 k €	+280%	3,7 k €	+191%	1,3 k €	-76.1%	5,3 k €	+137%	-14,4 k €	-1433%	-941 €	-130%	3,1 k €
Balance sheet
Equity	489,2 k €	+75.2%	279,2 k €	+11.5%	250,3 k €	+6.1%	235,9 k €	+6.8%	220,9 k €	+6.0%	208,5 k €	+23.1%	169,3 k €	+23.0%	137,7 k €	+4.8%	131,3 k €	+7.7%	121,9 k €	+21.5%	100,3 k €	+6.7%	94 k €	+12.3%	83,7 k €	+19.9%	69,8 k €	+5.5%	66,1 k €	+1.9%	64,9 k €	+8.8%	59,6 k €	-19.5%	74 k €	-1.3%	75 k €
Total assets	663,3 k €	+116%	307,2 k €	+9.8%	279,7 k €	-21.3%	355,4 k €	-2.3%	363,7 k €	-4.2%	379,5 k €	+6.3%	356,9 k €	+6.3%	335,8 k €	-7.7%	363,8 k €	-3.9%	378,6 k €	+0.1%	378 k €	+133%	162,1 k €	+15.1%	140,8 k €	+10.1%	127,9 k €	+1.5%	126 k €	+52.9%	82,4 k €	-6.0%	87,7 k €	-25.8%	118,1 k €	-7.8%	128,1 k €
Cash	238,1 k €	+510%	39,1 k €	+1877%	2 k €	-97.4%	77,4 k €	+7.2%	72,2 k €	+5.3%	68,5 k €	+193%	23,4 k €	+14095%	165 €	-98.8%	14,1 k €	-1.0%	14,2 k €	+646%	1,9 k €	-79.7%	9,4 k €	+715%	1,2 k €	-76.2%	4,8 k €	-8.1%	5,3 k €	+3.5%	5,1 k €	+31.9%	3,9 k €	+75.4%	2,2 k €	-64.3%	6,2 k €
Debts	174,1 k €	+523%	27,9 k €	-4.7%	29,3 k €	-75.4%	119,5 k €	-16.3%	142,8 k €	-16.0%	170 k €	-9.4%	187,6 k €	-5.3%	198,1 k €	-10.3%	220,9 k €	-5.8%	234,6 k €	-12.0%	266,6 k €	+433%	50 k €	-11.8%	56,8 k €	-2.3%	58,1 k €	-3.0%	59,9 k €	+242%	17,5 k €	-37.5%	28,1 k €	-36.3%	44,1 k €	-16.9%	53,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,7 ETP	-74.1%	2,7 ETP	-10.0%	3,0 ETP	-25.0%	4,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

ALAIN REENAERS

Manager

Active

Ended mandates

JACQUES REENAERS

Manager · since 06 octobre 1993 · until 23 février 2010

Ended

JACQUES REENAERS

Manager · since 06 octobre 1993

Ended

ALAIN REENAERS

Associate

Ended

FLORE STRANEN

Associate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	05/06/2026	29/07/2025	28/06/2024	07/07/2023	29/07/2022	31/07/2021
General meeting	09/05/2026	02/07/2025	30/05/2024	09/06/2023	09/05/2022	10/05/2021
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
Micro model	31/12/2025	09/05/2026	05/06/2026	French	PDF
Micro model	31/12/2024	02/07/2025	29/07/2025	French	PDF
Micro model	31/12/2023	30/05/2024	28/06/2024	French	PDF
Micro model	31/12/2022	09/06/2023	07/07/2023	French	PDF
Micro model	31/12/2021	09/05/2022	29/07/2022	French	PDF
Micro model	31/12/2020	10/05/2021	31/07/2021	French	PDF
Micro model	31/12/2019	27/07/2020	26/08/2020	French	PDF
Micro model	31/12/2018	09/05/2019	25/07/2019	French	PDF
Micro model	31/12/2017	28/06/2018	25/07/2018	French	PDF
Micro model	31/12/2016	23/06/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	25/07/2016	01/08/2016	French	PDF
Abridged model	31/12/2014	10/07/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	14/07/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	05/08/2013	French	PDF
Abridged model	31/12/2011	30/07/2012	02/08/2012	French	PDF
Abridged model	31/12/2010	25/07/2011	03/08/2011	French	PDF
Abridged modelCorrection	31/12/2009	09/05/2010	13/08/2010	French	PDF
Abridged model	31/12/2009	09/05/2010	14/05/2010	French	PDF
Abridged model	31/12/2008	09/05/2009	20/05/2009	French	PDF
Abridged model	31/12/2007	09/05/2008	29/05/2008	French	PDF
Abridged model	31/12/2006	09/05/2007	15/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 4 ended

Active mandates

ALAIN REENAERS

Manager

Active

Ended mandates

JACQUES REENAERS

Manager · since 06 octobre 1993 · until 23 février 2010

Ended

JACQUES REENAERS

Manager · since 06 octobre 1993

Ended

ALAIN REENAERS

Associate

Ended

FLORE STRANEN

Associate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates12/08/2013
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares24/12/2010
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/03/2010
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates27/04/2009
DEMISSIONS, NOMINATIONS
PDF
Registered office14/04/2006
SIEGE SOCIAL
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 2025249,9 k €↑
2024
Annual accounts 202428,9 k €↑
2023
Annual accounts 202314,4 k €↓
2022
Annual accounts 202215 k €↑
2021
Annual accounts 202112,5 k €↓
2020
Annual accounts 202039,1 k €↑
2019
Annual accounts 201931,7 k €↑
2018
Annual accounts 20186,3 k €↓
2017
Annual accounts 20179,4 k €↓
2016
Annual accounts 201614,5 k €↑
2014
Annual accounts 20146,3 k €↓
2013
Annual accounts 201310,3 k €↓
2012
Annual accounts 201213,9 k €↑
2011
Annual accounts 20113,7 k €↑
2010
Annual accounts 20101,3 k €↓
2009
Annual accounts 20095,3 k €↑
2008
Annual accounts 2008-14,4 k €↓
2007
Annual accounts 2007-941 €↓
2006
Annual accounts 20063,1 k €
06/10/1993
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

AR - TECH

Overview

What does AR - TECH do?

Trend over 19 financial years

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