ACTIVE

ARSmarts

Financial year 2025 · Closed on 30/09/2025

Net result-242 €-111,8 %over 1 year

Revenue7,4 k €-52,7 %over 1 year

Equity83,5 k €-0,3 %over 1 year

Identity

Source · BCE/KBO

ARSmarts is a Public limited company incorporated in 2009. Its main activity is: Computer programming activities. Its registered office is in Liège.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0809.398.979
Incorporation: 27/01/2009
Legal form: Public limited company
Registered office: Allée Edgard-D'Hont 13
4032 Liège · WallonieSee on map
Contributed capital: 61 500,00 €
Latest accounts: 30/09/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 62020Computer consultancy activities 62090Other information technology and computer service activities 62200Computer programming, consultancy and related activities 62900Computer programming, consultancy and related activities+2

Signals

Solid equityLow riskGood liquidityPositive EBITDA

Financials

Source · NBB, 16 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	7,4 k €	-52.7%	15,6 k €	+142%	6,4 k €	-41.1%	10,9 k €	+129%	4,8 k €
EBITDA	72,6 €	-97.8%	3,2 k €	+121%	1,5 k €	+645%	197,2 €	+110%	-2 k €
Operating result	72,6 €	-97.8%	3,2 k €	+121%	1,5 k €	+645%	197,2 €	+110%	-2 k €
Net result	-242 €	-112%	2,1 k €	+27.2%	1,6 k €	+533%	-372,2 €	-49.9%	-248,4 €
Balance sheet
Equity	83,5 k €	-0.3%	83,7 k €	+2.5%	81,7 k €	+2.0%	80 k €	-0.5%	80,4 k €
Total assets	96,3 k €	+6.4%	90,5 k €	-2.6%	93 k €	+0.8%	92,2 k €	+6.3%	86,8 k €
Cash	95,3 k €	+7.2%	88,9 k €	-3.5%	92,1 k €	+2.2%	90,2 k €	+4.9%	85,9 k €
Debts	6,3 k €	+457%	1,1 k €	-74.9%	4,5 k €	-61.7%	11,7 k €	+98.5%	5,9 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
André DELCROIX	Directorsince 27/01/2009
Jean-Louis HALLEUX	Directorsince 27/01/2009
Kais AL BASSIR	Managing directorsince 12/02/2015Director27/01/2009 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean Louis HALLEUX	Director12/02/2015 → 2018 accounts

Other companies at this address

Allée Edgard-D'Hont 13 4032 Liège

Company	CBE no.
s3i● Active	0560.666.136

Full financial information

Source · NBB

	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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/04/2026	18/02/2025	08/02/2024	07/03/2023	22/03/2022	18/02/2021
General meeting	12/02/2026	13/02/2025	08/02/2024	09/02/2023	11/02/2022	11/02/2021
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, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	12/02/2026	27/04/2026	French	PDF
Micro model	30/09/2024	13/02/2025	18/02/2025	French	PDF
Micro model	30/09/2023	08/02/2024	08/02/2024	French	PDF
Micro model	30/09/2022	09/02/2023	07/03/2023	French	PDF
Micro model	30/09/2021	11/02/2022	22/03/2022	French	PDF
Micro model	30/09/2020	11/02/2021	18/02/2021	French	PDF
Micro model	30/09/2019	13/02/2020	07/04/2020	French	PDF
Micro model	30/09/2018	14/02/2019	29/04/2019	French	PDF
Micro model	30/09/2017	08/02/2018	27/03/2018	French	PDF
Abridged model	30/09/2016	09/02/2017	28/03/2017	French	PDF
Abridged model	30/09/2015	11/02/2016	29/03/2016	French	PDF
Abridged model	30/09/2014	12/02/2015	31/03/2015	French	PDF
Abridged model	30/09/2013	14/02/2014	28/05/2014	French	PDF
Abridged model	30/09/2012	14/02/2013	28/05/2013	French	PDF
Abridged model	30/09/2011	09/02/2012	20/06/2012	French	PDF
Abridged model	30/09/2010	10/02/2011	27/05/2011	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/09/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
André DELCROIX	Directorsince 27/01/2009
Jean-Louis HALLEUX	Directorsince 27/01/2009
Kais AL BASSIR	Managing directorsince 12/02/2015Director27/01/2009 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean Louis HALLEUX	Director12/02/2015 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/06/2021
DEMISSIONS, NOMINATIONS
PDF
Other14/03/2016
Renouvellement de mandats
PDF
Other29/01/2009
Constitution
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

Filings16 filings

Mandates

Kais AL BASSIR

Jean-Louis HALLEUX

André DELCROIX

Jean Louis HALLEUX

200920102011201220132014201520162017201820192020202120222023202420252026

ARSmarts

Gasthuisstraat, 2, 3320 Hoegaarden

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Allée Edgard-D'Hont 13, 4032 ChênéeCurrent		CBE
Gasthuisstraat, 2, 3320 Hoegaarden	accounts 2025	Accounts 2025 · 2026-00088416
Allée Edgard-D'Hont 13, 4032 Chênée	accounts 2024	Accounts 2024 · 2025-00037699
Gasthuisstraat, 2, 3320 Hoegaarden	accounts 2022 → 2023	Accounts 2023 · 2024-00029480

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ARSmartsCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00088416

Events

2025
Annual accounts 2025-242 €↓
2024
Annual accounts 20242,1 k €↑
2023
Annual accounts 20231,6 k €↑
2022
Annual accounts 2022-372,2 €↓
2021
Annual accounts 2021-248,4 €↓
2020
Annual accounts 2020845,8 €↑
2019
Annual accounts 2019-4,5 €↑
2018
Annual accounts 2018-831,6 €↑
2017
Annual accounts 2017-1,1 k €↓
2016
Annual accounts 2016-151,1 €↓
2015
Annual accounts 20154,7 k €↑
2014
Annual accounts 20142,7 k €↓
2013
Annual accounts 20135,4 k €↓
2012
Annual accounts 20127,2 k €↓
2011
Annual accounts 201110,1 k €↑
2010
Annual accounts 2010-9,6 k €
27/01/2009
IncorporationPublic limited company

ARSmarts

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