ACTIVE

ARTHUS

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Financial year 2025 · Closed on 31/12/2025

Net result4 M €+37,3 %over 1 year

Gross margin-786,2 k €-83,2 %over 1 year

Equity8,3 M €+92,1 %over 1 year

Workforce6,2 ETP+6,9 %over 1 year

Identity

Source · BCE/KBO

ARTHUS is a Public limited company incorporated in 1997. Its main activity is: Retail sale of second-hand goods in stores. Its registered office is in Ixelles. It employs on average 6,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0460.076.938
Incorporation: 20/02/1997
Legal form: Public limited company
Registered office: Rue Simonis 33
1050 Ixelles · BruxellesSee on map
Contributed capital: 61 500,00 €
Latest accounts: 31/12/2025
Average workforce: 6,2 ETP

Activities (NACE)

47791Retail sale of second-hand goods in stores· main 47791Retail sale of second-hand goods in stores 52501Warehousing and support activities for transportation

Signals

ProfitablePositive cashflowHealthy social debts

Financials

Source · NBB, 22 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-786,2 k €	-83.2%	-429,2 k €	+33.5%	-645,3 k €	-29.3%	-499,2 k €	-17.2%	-425,8 k €
EBITDA	-1,2 M €	-51.3%	-777,6 k €	+15.7%	-922,9 k €	-25.5%	-735,2 k €	-35.9%	-540,8 k €
Operating result	-1,2 M €	-48.5%	-825,8 k €	+14.9%	-970,6 k €	-25.4%	-774,1 k €	-36.2%	-568,5 k €
Net result	4 M €	+37.3%	2,9 M €	+19.3%	2,4 M €	+63.6%	1,5 M €	-13.0%	1,7 M €
Balance sheet
Equity	8,3 M €	+92.1%	4,3 M €	+204%	1,4 M €	+241%	-1 M €	+59.5%	-2,5 M €
Total assets	338,3 M €	+0.0%	338,2 M €	+0.1%	338 M €	+0.0%	338 M €	-0.0%	338 M €
Cash	573,2 k €	+275%	152,8 k €	+186%	53,5 k €	-44.2%	95,8 k €	-14.1%	111,6 k €
Debts	330 M €	-1.2%	333,9 M €	-0.8%	336,6 M €	-0.7%	338,9 M €	-0.5%	340,5 M €
Other
Workforce	6,2 ETP	+6.9%	5,8 ETP	+11.5%	5,2 ETP	+26.8%	4,1 ETP	+70.8%	2,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Rodolphe Burgraaf de Spoelberch	Managing director02/06/2006 → 01/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PAX AFFAIRES - IMMOBILIERE PAX0444.671.061Represented by François Detandt	Director24/11/2010 → 02/06/2022
Adolphe Burgraaf de Spoelberch	Director02/06/2006 → 24/11/2010

Full financial information

Source · NBB

	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	30/09/2026	27/08/2025	30/08/2024	31/08/2023	31/08/2022	31/08/2021
General meeting	04/06/2026	30/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

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

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Rodolphe Burgraaf de Spoelberch	Managing director02/06/2006 → 01/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PAX AFFAIRES - IMMOBILIERE PAX0444.671.061Represented by François Detandt	Director24/11/2010 → 02/06/2022
Adolphe Burgraaf de Spoelberch	Director02/06/2006 → 24/11/2010

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other20/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates28/10/2016
DEMISSIONS, NOMINATIONS
PDF
Restructuring06/08/2015
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring12/05/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares15/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/12/2010
DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Rodolphe Burgraaf de Spoelberch

PAX AFFAIRES - IMMOBILIERE PAX

Adolphe Burgraaf de Spoelberch

RODOLPHE DE SPOELBERCH

ADOLPHE DE SPOELBERCH

19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

ARTHUS

Rue Simonis 33, 1050 Ixelles

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Simonis 33, 1050 IxellesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00537650

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ARTHUSCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00537650

Events

2025
Annual accounts 20254 M €↑
2024
Annual accounts 20242,9 M €↑
2023
Annual accounts 20232,4 M €↑
2022
Annual accounts 20221,5 M €↓
02/06/2022
reconductionRodolphe de Spoelberch · administrateur
2021
Annual accounts 20211,7 M €↑
2020
Annual accounts 2020-102,3 M €↓
2019
Annual accounts 20197,4 M €↓
2018
Annual accounts 201865,1 M €↑
2017
Annual accounts 20177 M €↓
2016
Annual accounts 20168,5 M €↓
2015
Annual accounts 201510,1 M €↑
2014
Annual accounts 201434,8 k €↑
2013
Annual accounts 2013-136,5 k €↓
2012
Annual accounts 20129,6 k €↑
2011
Annual accounts 2011-13,6 k €↑
2010
Annual accounts 2010-22,6 k €↑
2009
Annual accounts 2009-25 k €↑
2008
Annual accounts 2008-49,6 k €↓
2007
Annual accounts 200730,6 k €↓
2006
Annual accounts 2006158,7 k €
20/02/1997
IncorporationPublic limited company

ARTHUS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events