ACTIVE

AARTMAN

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Financial year 2025 · closed on 31/12/2025
Net result
17,1 k €
+42.2% YoY
Gross margin
114,6 k €
-51.2% YoY
Equity
68,9 k €
+33.1% YoY

What does AARTMAN do?

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· main68121Buying and selling of own real estate
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin114,6 k €234,8 k €47,8 k €120,3 k €116,4 k €71,4 k €-2,6 k €-4 k €-5 k €443,4 k €
EBITDA107,3 k €233,4 k €46,8 k €119,4 k €115 k €71 k €-3,2 k €-4,4 k €-5,7 k €442 k €
Operating result107,3 k €233,4 k €46,8 k €119,4 k €115 k €71 k €-3,2 k €-4,4 k €-5,7 k €442 k €
Net result17,1 k €12 k €213,8 €8,3 k €6,3 k €14,3 k €-4,4 k €-8,5 k €-7,6 k €284,7 k €
Balance sheet
Equity68,9 k €51,8 k €39,7 k €39,5 k €31,2 k €24,9 k €10,6 k €14,9 k €289,4 k €297,1 k €
Total assets9,7 M €6,8 M €44 k €1 M €932,9 k €1,2 M €2,7 M €280,9 k €435,9 k €446,9 k €
Cash12,3 k €33,8 k €22,8 k €5,8 k €8,9 k €1,1 M €85,9 k €280,4 k €10,4 k €446,9 k €
Debts9,4 M €6,7 M €4,3 k €1 M €901,8 k €1,2 M €2,7 M €266 k €146,4 k €149,8 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

Finance & Management Executives

Director · since 01 juin 2017 · 0472.547.277

Represented by Tim Pauwels

Active

Ended mandates

DEMOR

Director · since 29 mai 2019 · until 22 décembre 2020 · 0727.460.804

Represented by Kris Dewalheyns

Ended
DEMOR

Administrator - manager · since 29 mai 2019 · 0727.460.804

Represented by Kris Dewalheyns

Ended
DEMOR

Administrator - manager · since 28 mai 2019 · 0727.460.804

Represented by Kris Dewalheyns

Ended
Finance & Management Executives

Manager · since 01 juin 2017 · 0472.547.277

Represented by Tim Pauwels

Ended
At this address

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PRB INVEST● Active
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202623/06/202516/05/202401/06/202316/04/202228/04/2021
General meeting26/06/202610/05/202510/05/202431/05/202331/03/202231/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202630/06/2026DutchPDF
Abridged model31/12/202410/05/202523/06/2025DutchPDF
Abridged model31/12/202310/05/202416/05/2024DutchPDF
Abridged model31/12/202231/05/202301/06/2023DutchPDF
Abridged model31/12/202131/03/202216/04/2022DutchPDF
Abridged model31/12/202031/03/202128/04/2021DutchPDF
Abridged model31/12/201922/05/202027/05/2020DutchPDF
Abridged model31/12/201815/06/201915/07/2019DutchPDF
Abridged model31/12/201730/06/201819/08/2018DutchPDF
Abridged model31/12/201626/05/201715/06/2017DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

Finance & Management Executives

Director · since 01 juin 2017 · 0472.547.277

Represented by Tim Pauwels

Active

Ended mandates

DEMOR

Director · since 29 mai 2019 · until 22 décembre 2020 · 0727.460.804

Represented by Kris Dewalheyns

Ended
DEMOR

Administrator - manager · since 29 mai 2019 · 0727.460.804

Represented by Kris Dewalheyns

Ended
DEMOR

Administrator - manager · since 28 mai 2019 · 0727.460.804

Represented by Kris Dewalheyns

Ended
Finance & Management Executives

Manager · since 01 juin 2017 · 0472.547.277

Represented by Tim Pauwels

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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

Timeline

  1. 2025
    Annual accounts 202517,1 k €↑
  2. 2024
    Annual accounts 202412 k €↑
  3. 2023
    Annual accounts 2023213,8 €↓
  4. 2022
    Annual accounts 20228,3 k €↑
  5. 2021
    Annual accounts 20216,3 k €↓
  6. 2020
    Annual accounts 202014,3 k €↑
  7. 2019
    Annual accounts 2019-4,4 k €↑
  8. 2018
    Annual accounts 2018-8,5 k €↓
  9. 2017
    Annual accounts 2017-7,6 k €↓
  10. 2016
    Annual accounts 2016284,7 k €
  11. 01/09/2015
    IncorporationPrivate limited company