ACTIVE

ARTIMMAS

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Financial year 2025 · closed on 31/12/2025

Net result

141,5 k €

+6.6% YoY

Gross margin

494,3 k €

+144.9% YoY

Equity

440,1 k €

+28.8% YoY

Workforce

2,9 ETP

+163.6% YoY

What does ARTIMMAS do?

ARTIMMAS is a Private limited company incorporated in 2002. Its main activity is: Other financial service activities, except insurance and pension funding n.e.c.. Its registered office is in Manhay. It employs on average 2,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.243.157

Incorporation

02/09/2002

Legal form

Private limited company

Registered office

Rue de la Croix Georges, Harre 8
6960 Manhay · WallonieSee on map

Contributed capital

163 060,00 €

Latest accounts

31/12/2025

Average workforce

2,9 ETP

Activities (NACE)

64999Other financial service activities, except insurance and pension funding n.e.c.· main 64999Other financial service activities, except insurance and pension funding n.e.c.66220Activities of insurance agents and brokers 66220Activities of insurance agents and brokers

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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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	494,3 k €	+145%	201,8 k €	+222998%	-90,6 €	-100%	103,3 k €	-4.9%	108,6 k €	+15.2%	94,3 k €	+136%	40 k €	-37.9%	64,4 k €	+15.2%	55,9 k €	+12.2%	49,8 k €	-19.2%	61,6 k €	+14.1%	54 k €	+39.2%	38,8 k €	-26.5%	52,8 k €	+7.2%	49,2 k €	-3.8%	51,2 k €	-3.4%	53 k €	-21.4%	67,4 k €	+80.6%	37,3 k €	+18.1%	31,6 k €
EBITDA	311,7 k €	+140%	129,8 k €	+487%	-33,5 k €	-134%	98,7 k €	-8.9%	108,3 k €	+16.6%	92,9 k €	+141%	38,6 k €	-36.8%	61,1 k €	+11.8%	54,6 k €	+12.2%	48,6 k €	-19.3%	60,3 k €	+12.7%	53,5 k €	+39.6%	38,3 k €	-26.4%	52,1 k €	+9.1%	47,8 k €	-3.0%	49,2 k €	-3.7%	51,1 k €	-20.4%	64,2 k €	+77.4%	36,2 k €	+18.8%	30,5 k €
Operating result	221,9 k €	+232%	66,7 k €	+179%	-84,6 k €	-229%	65,5 k €	-3.0%	67,6 k €	+3.1%	65,5 k €	+942%	-7,8 k €	-157%	13,6 k €	+49.7%	9,1 k €	+112%	4,3 k €	-87.9%	35,3 k €	+23.6%	28,5 k €	+90.9%	15 k €	-48.6%	29,1 k €	+17.2%	24,8 k €	+43.1%	17,3 k €	-49.2%	34,1 k €	-27.9%	47,3 k €	+148%	19,1 k €	+15.7%	16,5 k €
Net result	141,5 k €	+6.6%	132,7 k €	+244%	-92 k €	-279%	51,4 k €	+24.5%	41,3 k €	-0.2%	41,3 k €	+385%	-14,5 k €	-543%	3,3 k €	-64.1%	9,1 k €	+215%	-7,9 k €	-163%	12,6 k €	+442%	2,3 k €	-15.8%	2,8 k €	-72.6%	10,1 k €	-23.1%	13,2 k €	+3082%	-441 €	-102%	23,1 k €	-25.0%	30,9 k €	+31.7%	23,4 k €	+82.5%	12,8 k €
Balance sheet
Equity	440,1 k €	+28.8%	341,6 k €	+63.5%	209 k €	-30.6%	301 k €	+20.6%	249,6 k €	+10.6%	225,6 k €	+22.4%	184,3 k €	-7.3%	198,8 k €	+1.7%	195,5 k €	+4.9%	186,4 k €	-4.1%	194,3 k €	+7.0%	181,7 k €	+533%	28,7 k €	-85.2%	193,3 k €	+5.5%	183,2 k €	+7.7%	170 k €	-0.3%	170,5 k €	+15.7%	147,3 k €	+26.5%	116,5 k €	+25.2%	93,1 k €
Total assets	850,2 k €	+12.0%	758,8 k €	+106%	367,5 k €	-5.9%	390,6 k €	+11.8%	349,3 k €	-1.3%	354 k €	+26.6%	279,7 k €	-20.5%	351,7 k €	+2.5%	343,2 k €	-5.3%	362,4 k €	-9.4%	400,1 k €	+5.2%	380,3 k €	-8.0%	413,4 k €	-4.2%	431,5 k €	+1.8%	423,8 k €	-0.1%	424,1 k €	+127%	186,9 k €	+9.0%	171,4 k €	+16.2%	147,6 k €	+30.1%	113,4 k €
Cash	84 k €	-12.3%	95,8 k €	+169%	35,6 k €	-78.1%	162,4 k €	+109%	77,8 k €	-24.0%	102,3 k €	+96.9%	52 k €	-30.4%	74,7 k €	+37.3%	54,4 k €	+8.2%	50,3 k €	+27.9%	39,3 k €	-42.5%	68,4 k €	+1.2%	67,5 k €	+2.6%	65,8 k €	+105%	32,1 k €	+102%	15,9 k €	-22.6%	20,6 k €	+197%	6,9 k €	-84.9%	45,8 k €	-11.7%	51,9 k €
Debts	410,1 k €	-1.4%	415,9 k €	+164%	157,3 k €	+77.9%	88,4 k €	-4.7%	92,8 k €	-24.9%	123,6 k €	+33.3%	92,7 k €	-35.7%	144,2 k €	+0.9%	142,9 k €	-16.5%	171,2 k €	-12.5%	195,6 k €	+1.1%	193,4 k €	-48.3%	374,4 k €	+60.6%	233,1 k €	+1.4%	229,8 k €	-7.6%	248,7 k €	+1415%	16,4 k €	-31.8%	24,1 k €	-22.5%	31,1 k €	+53.0%	20,3 k €
Other
Workforce	2,9 ETP	+164%	1,1 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 1 ended

Active mandates

LAURENT BRONCKART

Manager

Active

SANDRINE GAUTHIER

Associate

Active

Ended mandates

LAURENT BRONCKART

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
BUREAU IMMOBILIER ARDENNAIS● Active	0473.685.840
Le Herou● Active	0450.824.821

Annual accounts

Full financial information

	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	28/07/2026	25/07/2025	25/07/2024	02/08/2023	09/08/2022	03/08/2021
General meeting	24/04/2026	25/04/2025	26/04/2024	28/04/2023	29/04/2022	30/04/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/04/2026	28/07/2026	French	PDF
Abridged model	31/12/2024	25/04/2025	25/07/2025	French	PDF
Abridged model	31/12/2023	26/04/2024	25/07/2024	French	PDF
Abridged model	31/12/2022	28/04/2023	02/08/2023	French	PDF
Abridged model	31/12/2021	29/04/2022	09/08/2022	French	PDF
Abridged model	31/12/2020	30/04/2021	03/08/2021	French	PDF
Abridged model	31/12/2019	24/04/2020	19/08/2020	French	PDF
Abridged model	31/12/2018	26/04/2019	06/08/2019	French	PDF
Abridged model	31/12/2017	27/04/2018	24/08/2018	French	PDF
Abridged model	31/12/2016	28/04/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	29/04/2016	25/08/2016	French	PDF
Abridged model	31/12/2014	24/04/2015	04/08/2015	French	PDF
Abridged model	31/12/2013	25/04/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	26/04/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	27/04/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	29/04/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	30/04/2010	09/08/2010	French	PDF
Abridged model	31/12/2008	24/04/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	26/04/2008	25/08/2008	French	PDF
Abridged model	31/12/2006	27/04/2007	29/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 1 ended

Active mandates

LAURENT BRONCKART

Manager

Active

SANDRINE GAUTHIER

Associate

Active

Ended mandates

LAURENT BRONCKART

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/02/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares31/03/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates01/07/2011
DEMISSIONS, NOMINATIONS
PDF
Other22/03/2010
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/11/2005
DEMISSIONS, NOMINATIONS
PDF
Other09/09/2002
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025141,5 k €↑
2024
Annual accounts 2024132,7 k €↑
2023
Annual accounts 2023-92 k €↓
2022
Annual accounts 202251,4 k €↑
2021
Annual accounts 202141,3 k €↓
2020
Annual accounts 202041,3 k €↑
2019
Annual accounts 2019-14,5 k €↓
2018
Annual accounts 20183,3 k €↓
2017
Annual accounts 20179,1 k €↑
2016
Annual accounts 2016-7,9 k €↓
2015
Annual accounts 201512,6 k €↑
2014
Annual accounts 20142,3 k €↓
2013
Annual accounts 20132,8 k €↓
2012
Annual accounts 201210,1 k €↓
2011
Annual accounts 201113,2 k €↑
2010
Annual accounts 2010-441 €↓
2009
Annual accounts 200923,1 k €↓
2008
Annual accounts 200830,9 k €↑
2007
Annual accounts 200723,4 k €↑
2006
Annual accounts 200612,8 k €
02/09/2002
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

ARTIMMAS

Overview

What does ARTIMMAS 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