ACTIVE

AARTMAN

Financial year 2025 · Closed on 31/12/2025

Net result17,1 k €+42,2 %over 1 year

Gross margin114,6 k €-51,2 %over 1 year

Equity68,9 k €+33,1 %over 1 year

Identity

Source · BCE/KBO

AARTMAN is a Private limited company incorporated in 2015. Its main activity is: Development of building projects. Its registered office is in Leuven.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0635.933.582
Incorporation: 01/09/2015
Legal form: Private limited company
Registered office: Naamsestraat 12
3000 Leuven · FlandreSee on map
Contributed capital: 12 400,00 €
Latest accounts: 31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate

Signals

ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 10 filings

Trend over 10 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	114,6 k €	-51.2%	234,8 k €	+391%	47,8 k €	-60.3%	120,3 k €	+3.4%	116,4 k €
EBITDA	107,3 k €	-54.0%	233,4 k €	+399%	46,8 k €	-60.8%	119,4 k €	+3.8%	115 k €
Operating result	107,3 k €	-54.0%	233,4 k €	+399%	46,8 k €	-60.8%	119,4 k €	+3.8%	115 k €
Net result	17,1 k €	+42.2%	12 k €	+5535%	213,8 €	-97.4%	8,3 k €	+32.0%	6,3 k €
Balance sheet
Equity	68,9 k €	+33.1%	51,8 k €	+30.3%	39,7 k €	+0.5%	39,5 k €	+26.7%	31,2 k €
Total assets	9,7 M €	+42.1%	6,8 M €	+15330%	44 k €	-95.8%	1 M €	+12.1%	932,9 k €
Cash	12,3 k €	-63.7%	33,8 k €	+48.1%	22,8 k €	+295%	5,8 k €	-35.5%	8,9 k €
Debts	9,4 M €	+39.9%	6,7 M €	+156102%	4,3 k €	-99.6%	1 M €	+11.6%	901,8 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

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
Finance & Management Executives0472.547.277Represented by Tim Pauwels	Directorsince 01/06/2017Manager01/06/2017 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DEMOR0727.460.804Represented by Kris Dewalheyns	Director29/05/2019 → 22/12/2020Administrator - manager28/05/2019 → 2019 accounts
Luc Janssens	Manager09/01/2016 → 01/06/2017

Other companies at this address

Naamsestraat 12 3000 Leuven

Company	CBE no.
BMHT● Active	0780.586.912
Buildingcomfort● Active	1002.034.150
BURES● Active	0434.749.941
Finance & Management Executives● Active	0472.547.277
FIVE YEARS● Active	0741.597.662
FLATSERVICE REAL ESTATE● Active	0874.654.344
IKN INVEST● Active	0804.989.637
IWV INVEST● Active	0804.999.733
KAAI LOFTEN● Active	0841.400.071
LAPA INVEST● Active	0799.632.564
LEMCON● Active	0635.934.671
Mabela● Active	0746.350.959
MP Invest● Active	0798.167.765
PAT BOVI● Active	0430.357.128
PERLEO● Active	0686.597.474
PRB INVEST● Active	0804.991.419
STITAL INVEST● Active	1006.688.269
SYUS ANTWERPEN● Active	1025.555.264
Syus Capital● Active	0828.586.866
Syus Real Estate Services● Active	0650.686.688

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	30/06/2026	23/06/2025	16/05/2024	01/06/2023	16/04/2022	28/04/2021
General meeting	26/06/2026	10/05/2025	10/05/2024	31/05/2023	31/03/2022	31/03/2021
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, 10 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	10/05/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	10/05/2024	16/05/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	01/06/2023	Dutch	PDF
Abridged model	31/12/2021	31/03/2022	16/04/2022	Dutch	PDF
Abridged model	31/12/2020	31/03/2021	28/04/2021	Dutch	PDF
Abridged model	31/12/2019	22/05/2020	27/05/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	15/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	19/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	15/06/2017	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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
Finance & Management Executives0472.547.277Represented by Tim Pauwels	Directorsince 01/06/2017Manager01/06/2017 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DEMOR0727.460.804Represented by Kris Dewalheyns	Director29/05/2019 → 22/12/2020Administrator - manager28/05/2019 → 2019 accounts
Luc Janssens	Manager09/01/2016 → 01/06/2017

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office07/01/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/10/2023
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2021
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates11/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2016
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other10/09/2015
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

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

Filings10 filings

Mandates

Finance & Management Executives

DEMOR

Luc Janssens

Gilles Van Lembergen

Tim Pauwels

201520162017201820192020202120222023202420252026

AARTMAN

Naamsestraat 12, 3000 LeuvenSint-Barbarastraat(KMT) 14, 3300 Tienen

DirectorManager

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Naamsestraat 12, 3000 LeuvenCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00224906
Persilstraat 51D bte 4, 3020 Herent	accounts 2023	Accounts 2023 · 2024-00090328
Sint-Barbarastraat(KMT) 14, 3300 Tienen	accounts 2021 → 2022	Accounts 2022 · 2023-00109859

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
AARTMANCurrent	accounts 2016 → 2025	Accounts 2025 · 2026-00224906

Events

2025
Annual accounts 202517,1 k €↑
2024
Annual accounts 202412 k €↑
2023
Annual accounts 2023213,8 €↓
2022
Annual accounts 20228,3 k €↑
2021
Annual accounts 20216,3 k €↓
2020
Annual accounts 202014,3 k €↑
2019
Annual accounts 2019-4,4 k €↑
2018
Annual accounts 2018-8,5 k €↓
2017
Annual accounts 2017-7,6 k €↓
2016
Annual accounts 2016284,7 k €
01/09/2015
IncorporationPrivate limited company

AARTMAN

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events