ARTICLE OSED
0471.826.608 · rovalta.com · 21/09/2026
NORMAL SITUATION
ARTICLE OSED
Financial year 2025 · closed on 31/12/2025
Net result
127 k €
+416.7% YoY
Gross margin
191,2 k €
+1063.9% YoY
Equity
443,5 k €
+40.1% YoY
Company — Normal situation.
Overview
What does ARTICLE OSED do?
ARTICLE OSED is a company registered in Belgium.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0471.826.608
Legal form
Private limited company
Contributed capital
12 392,01 €
Latest accounts
31/12/2025
Joint committees (1)
- 330
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
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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 | 191,2 k € | +1064% | -19,8 k € | -139% | 51,1 k € | -23.4% | 66,7 k € | +33.6% | 49,9 k € | +135% | 21,2 k € | -79.4% | 103 k € | -31.3% | 149,9 k € | +9.4% | 137 k € | -14.4% | 160 k € | +0.1% | 159,9 k € | +14.8% | 139,2 k € | +88.0% | 74,1 k € | -44.4% | 133,1 k € | +30.1% | 102,3 k € | -37.8% | 164,5 k € | +1.5% | 162,1 k € | +9.6% | 147,8 k € | -6.4% | 157,9 k € | -3.8% | 164,3 k € |
| EBITDA | 149,8 k € | +565% | -32,2 k € | -176% | 42,2 k € | -31.8% | 61,9 k € | +36.2% | 45,4 k € | +841% | 4,8 k € | -92.4% | 64 k € | -41.3% | 108,9 k € | +35.9% | 80,1 k € | -27.1% | 110 k € | -4.3% | 114,9 k € | +30.5% | 88,1 k € | +158% | 34,2 k € | -59.7% | 84,9 k € | +174% | -115,4 k € | -326% | 51 k € | -55.6% | 114,7 k € | +9.4% | 104,9 k € | -17.0% | 126,4 k € | +108% | 60,7 k € |
| Operating result | 146,6 k € | +413% | -46,9 k € | -273% | 27,1 k € | -41.5% | 46,2 k € | +46.8% | 31,5 k € | +341% | -13,1 k € | -130% | 43,1 k € | -51.9% | 89,6 k € | +78.2% | 50,3 k € | -37.4% | 80,3 k € | +57.7% | 51 k € | -21.4% | 64,9 k € | +433% | 12,2 k € | -67.4% | 37,3 k € | +123% | -162,9 k € | -3137% | 5,4 k € | -93.8% | 86,6 k € | +24.4% | 69,6 k € | -24.2% | 91,7 k € | +334% | 21,1 k € |
| Net result | 127 k € | +417% | -40,1 k € | -258% | 25,4 k € | -34.7% | 38,9 k € | +41.9% | 27,4 k € | +529% | 4,4 k € | -90.0% | 43,7 k € | -41.8% | 75,1 k € | +113% | 35,2 k € | -41.8% | 60,5 k € | +55.5% | 38,9 k € | -41.4% | 66,5 k € | +207% | 21,7 k € | -31.8% | 31,8 k € | +118% | -177,3 k € | -243% | -51,7 k € | -172% | 71,9 k € | +39.7% | 51,5 k € | -12.2% | 58,6 k € | +502% | 9,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 443,5 k € | +40.1% | 316,5 k € | -11.2% | 356,6 k € | +7.7% | 331,3 k € | +13.3% | 292,4 k € | +10.3% | 265 k € | +1.7% | 260,6 k € | +20.1% | 216,9 k € | +50.9% | 143,8 k € | +32.4% | 108,6 k € | +126% | 48,1 k € | +426% | 9,1 k € | +116% | -57,3 k € | +27.4% | -79 k € | +28.7% | -110,7 k € | -283% | 60,4 k € | -46.1% | 112,1 k € | +86.1% | 60,2 k € | +588% | 8,7 k € | +109% | 4,2 k € |
| Total assets | 446,8 k € | -50.5% | 903 k € | -1.7% | 918,4 k € | -5.3% | 969,4 k € | +4.3% | 929,7 k € | +1.9% | 912,4 k € | -0.0% | 912,8 k € | +1.9% | 895,4 k € | +2.7% | 872 k € | +0.8% | 865 k € | +6.0% | 816,3 k € | +48.5% | 549,8 k € | +9.4% | 502,4 k € | -6.6% | 537,7 k € | -9.2% | 592,4 k € | -4.3% | 618,9 k € | +8.7% | 569,1 k € | -10.6% | 636,3 k € | +10.0% | 578,5 k € | +17.0% | 494,5 k € |
| Cash | 137,8 k € | +213% | 44,1 k € | +10.2% | 40 k € | +67.7% | 23,9 k € | -36.0% | 37,3 k € | -20.7% | 47 k € | +573% | 7 k € | +16.5% | 6 k € | +71.2% | 3,5 k € | -54.2% | 7,7 k € | +8.5% | 7,1 k € | +15.0% | 6,1 k € | +105% | 3 k € | -50.0% | 6 k € | +3.1% | 5,8 k € | -3.0% | 6 k € | -83.0% | 35,2 k € | +46.8% | 24 k € | +238% | 7,1 k € | +2633% | 259,7 € |
| Debts | – | 159,5 k € | +18.3% | 134,8 k € | -32.4% | 199,5 k € | -4.7% | 209,3 k € | -2.9% | 215,5 k € | -4.3% | 225,2 k € | -10.5% | 251,5 k € | -14.7% | 294,9 k € | -9.6% | 326,1 k € | -3.7% | 338,6 k € | +214% | 108 k € | -17.4% | 130,7 k € | -31.1% | 189,7 k € | -31.3% | 276,2 k € | -8.9% | 303,3 k € | +12.6% | 269,3 k € | -30.6% | 388,3 k € | +1.7% | 382 k € | +26.7% | 301,5 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 | -9.1% | 1,1 ETP | 0.0% | 1,1 ETP | +10.0% | 1,0 ETP | 0.0% | 1,0 ETP | -33.3% | 1,5 ETP | ||||||||||
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 4 ended
Active mandates
ALEKSANDROV TIMUR
ActiveSTEPHANE DELCROIX
ActiveEnded mandates
STEPHANE DELCROIX
EndedStéphane DELCROIX
EndedSTEPHANE DELCROIX
EndedStéphane DELCROIX
EndedFinancials
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 | 30/01/2026 | 28/08/2025 | 07/10/2024 | 25/10/2023 | 31/08/2022 | 28/10/2021 |
| General meeting | 19/01/2026 | 23/07/2025 | 04/10/2024 | 03/06/2023 | 04/06/2022 | 23/09/2021 |
| 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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Try for 7 daysFilings
Annual accounts filings
26 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 19/01/2026 | 30/01/2026 | French | |
| Micro model | 31/12/2024 | 23/07/2025 | 28/08/2025 | French | |
| Micro model | 31/12/2023 | 04/10/2024 | 07/10/2024 | French | |
| Micro model | 31/12/2022 | 03/06/2023 | 25/10/2023 | French | |
| Micro model | 31/12/2021 | 04/06/2022 | 31/08/2022 | French | |
| Micro model | 31/12/2020 | 23/09/2021 | 28/10/2021 | French | |
| Micro model | 31/12/2019 | 06/06/2020 | 22/10/2020 | French | |
| Micro model | 31/12/2018 | 04/09/2019 | 30/09/2019 | French | |
| Micro model | 31/12/2017 | 02/06/2018 | 31/08/2018 | French | |
| Micro model | 31/12/2016 | 03/06/2017 | 28/07/2017 | French | |
| Abridged model | 31/12/2015 | 04/06/2016 | 29/07/2016 | French | |
| Abridged model | 31/12/2014 | 06/06/2015 | 30/07/2015 | French | |
| Abridged model | 31/12/2013 | 12/07/2014 | 30/07/2014 | French | |
| Abridged model | 31/12/2012 | 01/06/2013 | 30/07/2013 | French | |
| Abridged model | 31/12/2011 | 26/07/2012 | 29/08/2012 | French | |
| Abridged model | 31/12/2010 | 05/11/2011 | 09/11/2011 | French | |
| Abridged model | 31/12/2009 | 05/06/2010 | 19/01/2011 | French | |
| Abridged model | 31/12/2008 | 06/06/2009 | 31/08/2009 | French | |
| Abridged model | 31/12/2007 | 30/05/2008 | 23/10/2008 | French | |
| Abridged model | 31/12/2006 | 15/06/2007 | 09/10/2007 | French | |
| Abridged model | 31/12/2005 | 12/07/2006 | 01/08/2006 | French | |
| Abridged model | 31/12/2004 | 30/07/2005 | 30/09/2005 | French | |
| Abridged model | 31/12/2003 | 27/10/2004 | 21/01/2005 | French | |
| Abridged model | 31/12/2002 | 25/09/2003 | 22/10/2003 | French |
Valuation
Estimate
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 4 ended
Active mandates
ALEKSANDROV TIMUR
ActiveSTEPHANE DELCROIX
ActiveEnded mandates
STEPHANE DELCROIX
EndedStéphane DELCROIX
EndedSTEPHANE DELCROIX
EndedStéphane DELCROIX
EndedShareholders
Ownership and network
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Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025127 k €↑
- 2024Annual accounts 2024-40,1 k €↓
- 2023Annual accounts 202325,4 k €↓
- 2022Annual accounts 202238,9 k €↑
- 2021Annual accounts 202127,4 k €↑
- 2020Annual accounts 20204,4 k €↓
- 2019Annual accounts 201943,7 k €↓
- 2018Annual accounts 201875,1 k €↑
- 2017Annual accounts 201735,2 k €↓
- 2016Annual accounts 201660,5 k €↑
- 2015Annual accounts 201538,9 k €↓
- 2014Annual accounts 201466,5 k €↑
- 2013Annual accounts 201321,7 k €↓
- 2012Annual accounts 201231,8 k €↑
- 2011Annual accounts 2011-177,3 k €↓
- 2010Annual accounts 2010-51,7 k €↓
- 2009Annual accounts 200971,9 k €↑
- 2008Annual accounts 200851,5 k €↓
- 2007Annual accounts 200758,6 k €↑
- 2006Annual accounts 20069,7 k €