ACTIVE

ARTICOS

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Financial year 2025 · closed on 31/12/2025

Net result

207,8 k €

+10.4% YoY

Gross margin

423,1 k €

+10.4% YoY

Equity

1,3 M €

+19.3% YoY

What does ARTICOS do?

ARTICOS is a Private limited company incorporated in 1997. Its main activity is: Pre-primary education. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.644.576

Incorporation

10/10/1997

Legal form

Private limited company

Registered office

Avenue de Tervueren 236
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

12 392,01 €

Latest accounts

31/12/2025

Activities (NACE)

85120Pre-primary education· main 86220Specialist medical practice activities 86220Specialist medical practice activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	423,1 k €	+10.4%	383,3 k €	-7.1%	412,7 k €	+26.0%	327,5 k €	-8.5%	357,8 k €	+26.5%	282,9 k €	-8.2%	308,1 k €	+63.1%	188,8 k €	-25.2%	252,4 k €	-13.7%	292,6 k €	+162%	-469,6 k €	-330%	203,8 k €	+94.1%	105 k €	-47.0%	198,2 k €	+15.1%	172,2 k €	+29.3%	133,1 k €	-3.5%	138 k €	-25.1%	184,2 k €	+49.8%	123 k €	+17.7%	104,5 k €
EBITDA	324 k €	+10.1%	294,2 k €	-14.0%	342,1 k €	+31.0%	261,1 k €	-10.4%	291,3 k €	+34.1%	217,3 k €	-12.0%	247 k €	+106%	119,8 k €	-41.4%	204,5 k €	-20.6%	257,4 k €	+151%	-504,5 k €	-402%	166,9 k €	+142%	69 k €	-58.8%	167,5 k €	+145%	68,5 k €	+141%	-168,3 k €	-266%	101,6 k €	-25.7%	136,7 k €	+153%	54,1 k €	+219%	17 k €
Operating result	292,6 k €	+11.4%	262,6 k €	-14.9%	308,6 k €	+35.5%	227,8 k €	-13.0%	261,7 k €	+36.3%	192 k €	-13.6%	222,1 k €	+188%	77,1 k €	-50.9%	157,1 k €	-22.2%	201,9 k €	+136%	-559,1 k €	-602%	111,4 k €	+304%	27,5 k €	-78.3%	127,2 k €	+568%	19 k €	+109%	-216,9 k €	-479%	57,2 k €	-42.2%	99 k €	+392%	20,1 k €	+207%	6,5 k €
Net result	207,8 k €	+10.4%	188,3 k €	-13.3%	217,2 k €	+35.1%	160,8 k €	-12.0%	182,7 k €	+36.6%	133,8 k €	-1.9%	136,4 k €	+157%	53,1 k €	-42.0%	91,6 k €	-19.8%	114,2 k €	+98.0%	57,7 k €	-10.3%	64,3 k €	+94.5%	33,1 k €	-70.5%	112,2 k €	+15314%	727,9 €	+100%	-203,7 k €	-545%	45,7 k €	-41.1%	77,6 k €	+364%	16,7 k €	+83.8%	9,1 k €
Balance sheet
Equity	1,3 M €	+19.3%	1,1 M €	-8.3%	1,2 M €	+22.7%	956,7 k €	+20.2%	795,9 k €	+0.6%	791,4 k €	+20.3%	657,6 k €	+26.2%	521,2 k €	+11.4%	468,1 k €	+24.3%	376,5 k €	+43.6%	262,3 k €	+16.8%	224,6 k €	+40.1%	160,2 k €	+26.0%	127,2 k €	+749%	15 k €	-88.6%	131,9 k €	-60.7%	335,6 k €	+15.8%	289,8 k €	+36.6%	212,2 k €	+12.1%	189,3 k €
Total assets	1,3 M €	-2.5%	1,4 M €	+1.1%	1,4 M €	+9.4%	1,2 M €	+4.6%	1,2 M €	+1.9%	1,2 M €	+7.1%	1,1 M €	+16.9%	929,1 k €	-4.2%	969,7 k €	+2.3%	948,3 k €	+11.0%	854,5 k €	-26.5%	1,2 M €	+4.1%	1,1 M €	+1.6%	1,1 M €	+7.4%	1 M €	-6.8%	1,1 M €	+6.6%	1 M €	+2.0%	1 M €	+6.5%	948,3 k €	+102%	470,2 k €
Cash	449,6 k €	+17.1%	384 k €	+8.2%	354,9 k €	+2.1%	347,7 k €	+8.8%	319,6 k €	-5.2%	336,9 k €	+0.8%	334,3 k €	+172%	123 k €	-10.7%	137,7 k €	+40.2%	98,3 k €	+83.2%	53,6 k €	-83.2%	319 k €	+8.1%	295 k €	+26.8%	232,6 k €	+74.9%	133 k €	+23.1%	108,1 k €	-25.4%	144,9 k €	+397%	29,2 k €	+129%	12,7 k €	-90.5%	133,2 k €
Debts	52,8 k €	-82.1%	294,9 k €	+61.4%	182,7 k €	-35.1%	281,7 k €	-27.4%	388,1 k €	+5.7%	367,2 k €	-14.1%	427,6 k €	+4.8%	407,9 k €	-18.7%	501,6 k €	-12.3%	571,8 k €	-3.4%	592,2 k €	+121%	268,1 k €	-6.6%	286,9 k €	-5.0%	302 k €	-10.9%	338,9 k €	-8.7%	371,3 k €	+0.6%	369,2 k €	-8.5%	403,6 k €	-4.5%	422,6 k €	+2166%	18,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 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 31/12/2024 · 1 active · 3 ended

Active mandates

ETIENNE WILLEMART

Administrator - manager · since 03 octobre 1997

Active

Ended mandates

ETIENNE WILLEMART

Manager · since 03 octobre 1997

Ended

ETIENNE WILMART

Manager · since 03 octobre 1997

Ended

ETIENNE WILMART

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ASH-ORL● Active	0835.090.123
CARDIO MEDICIS● Active	0821.900.596
CENTRE DE RADIODIAGNOSTIC MEDICIS● Active	0425.527.221
Groupe Médicis● Active	0416.433.965

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	31/08/2026	19/06/2026	12/06/2026	05/10/2023	26/08/2022	28/10/2021
General meeting	06/06/2026	14/05/2026	14/05/2026	03/06/2023	04/06/2022	21/09/2021
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
Micro model	31/12/2025	06/06/2026	31/08/2026	French	PDF
Micro modelCorrection	31/12/2024	14/05/2026	19/06/2026	French	PDF
Micro model	31/12/2024	27/06/2025	27/08/2025	French	PDF
Micro modelCorrection	31/12/2023	14/05/2026	12/06/2026	French	PDF
Micro model	31/12/2023	01/06/2024	31/08/2024	French	PDF
Micro model	31/12/2022	03/06/2023	05/10/2023	French	PDF
Micro model	31/12/2021	04/06/2022	26/08/2022	French	PDF
Micro model	31/12/2020	21/09/2021	28/10/2021	French	PDF
Micro model	31/12/2019	22/09/2020	04/11/2020	French	PDF
Micro model	31/12/2018	27/08/2019	11/10/2019	French	PDF
Micro model	31/12/2017	02/06/2018	31/08/2018	French	PDF
Micro model	31/12/2016	03/06/2017	28/07/2017	French	PDF
Abridged model	31/12/2015	04/06/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	31/10/2015	01/12/2015	French	PDF
Abridged model	31/12/2013	23/08/2014	30/08/2014	French	PDF
Abridged model	31/12/2012	28/10/2013	31/10/2013	French	PDF
Abridged model	31/12/2011	29/08/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	09/11/2011	21/11/2011	French	PDF
Abridged model	31/12/2009	22/11/2010	29/07/2011	French	PDF
Abridged model	31/12/2008	11/03/2010	30/03/2010	French	PDF
Abridged model	31/12/2007	03/12/2008	13/01/2009	French	PDF
Abridged model	31/12/2006	17/10/2007	06/12/2007	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 31/12/2024 · 1 active · 3 ended

Active mandates

ETIENNE WILLEMART

Administrator - manager · since 03 octobre 1997

Active

Ended mandates

ETIENNE WILLEMART

Manager · since 03 octobre 1997

Ended

ETIENNE WILMART

Manager · since 03 octobre 1997

Ended

ETIENNE WILMART

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/09/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office09/08/2019
SIEGE SOCIAL
PDF
Registered office28/11/2008
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 2025207,8 k €↑
2024
Annual accounts 2024188,3 k €↓
2023
Annual accounts 2023217,2 k €↑
2022
Annual accounts 2022160,8 k €↓
2022
Name changeARTICOS
2021
Annual accounts 2021182,7 k €↑
2021
Name changeARTICOS SCPRL
2020
Annual accounts 2020133,8 k €↓
2019
Annual accounts 2019136,4 k €↑
2018
Annual accounts 201853,1 k €↓
2017
Annual accounts 201791,6 k €↓
2016
Annual accounts 2016114,2 k €↑
2015
Annual accounts 201557,7 k €↓
2014
Annual accounts 201464,3 k €↑
2013
Annual accounts 201333,1 k €↓
2012
Annual accounts 2012112,2 k €↑
2011
Annual accounts 2011727,9 €↑
2010
Annual accounts 2010-203,7 k €↓
2009
Annual accounts 200945,7 k €↓
2008
Annual accounts 200877,6 k €↑
2007
Annual accounts 200716,7 k €↑
2006
Annual accounts 20069,1 k €
10/10/1997
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

ARTICOS

Overview

What does ARTICOS do?

Trend over 20 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