ACTIVE

ART-B (SA)

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Financial year 2025 · closed on 31/12/2025

Net result

243,2 k €

+61.8% YoY

Gross margin

1,1 M €

+7.3% YoY

Equity

1,8 M €

+7.1% YoY

Workforce

9,3 ETP

-3.1% YoY

What does ART-B do?

ART-B is a Public limited company incorporated in 2009. Its main activity is: Other publishing activities. Its registered office is in Bilzen-Hoeselt. It employs on average 9,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0810.211.405

Incorporation

05/03/2009

Legal form

Public limited company

Registered office

Bremakker 5
3740 Bilzen-Hoeselt · FlandreSee on map

Contributed capital

85 440,65 €

Latest accounts

31/12/2025

Average workforce

9,3 ETP

Activities (NACE)

58190Other publishing activities· main 58190Other publishing activities 74103Specialised design activities 74120Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	1,1 M €	+7.3%	1 M €	-3.7%	1,1 M €	+8.3%	970,8 k €	-11.3%	1,1 M €	+27.3%	859,3 k €	-14.2%	1 M €	-6.2%	1,1 M €	+2.7%	1 M €	+34.9%	770,1 k €	-2.7%	791,7 k €	+7.2%	738,8 k €	+6.5%	693,9 k €	+19.9%	578,7 k €	+17.2%	493,6 k €	-7.6%	534,1 k €	-14.6%	625,2 k €
EBITDA	587,9 k €	+33.9%	438,9 k €	-17.9%	534,3 k €	+13.7%	470 k €	-17.6%	570,3 k €	+41.8%	402,2 k €	-18.2%	491,8 k €	-15.1%	579,3 k €	+10.8%	523 k €	+241%	153,4 k €	-40.9%	259,7 k €	-4.5%	271,9 k €	-14.0%	316,1 k €	+71.8%	183,9 k €	+27.1%	144,7 k €	-26.6%	197,2 k €	+28.0%	154,1 k €
Operating result	331 k €	+74.9%	189,2 k €	-41.3%	322,4 k €	-4.3%	337 k €	-28.2%	469,7 k €	+71.9%	273,3 k €	-18.7%	336 k €	-25.9%	453,6 k €	+11.4%	407,3 k €	+1007%	36,8 k €	-81.0%	194,1 k €	-16.0%	230,9 k €	-17.9%	281,2 k €	+95.0%	144,2 k €	+55.8%	92,5 k €	-29.9%	131,9 k €	+525%	21,1 k €
Net result	243,2 k €	+61.8%	150,4 k €	-39.6%	249,1 k €	-14.6%	291,8 k €	-18.9%	360 k €	+84.5%	195,1 k €	-12.3%	222,6 k €	-28.5%	311,3 k €	-25.2%	415,9 k €	+3682%	11 k €	-90.6%	116,5 k €	-21.3%	148,1 k €	-19.9%	184,9 k €	+88.6%	98 k €	+63.2%	60 k €	-29.3%	85 k €	+712%	10,5 k €
Balance sheet
Equity	1,8 M €	+7.1%	1,7 M €	+4.1%	1,6 M €	+8.4%	1,5 M €	+12.7%	1,3 M €	+21.8%	1,1 M €	+15.6%	931,1 k €	+22.8%	758,5 k €	+52.5%	497,3 k €	+279%	131,4 k €	+9.1%	120,4 k €	+15.9%	103,9 k €	+0.1%	103,8 k €	-77.1%	454 k €	+0.7%	450,9 k €	+1.1%	445,9 k €	-0.0%	445,9 k €
Total assets	2,2 M €	+6.9%	2,1 M €	+0.4%	2,1 M €	+2.1%	2 M €	+24.6%	1,6 M €	-0.7%	1,6 M €	+0.4%	1,6 M €	+9.9%	1,5 M €	-1.9%	1,5 M €	-4.3%	1,6 M €	+95.7%	802,1 k €	+3.9%	771,7 k €	-14.5%	902,2 k €	+6.2%	849,3 k €	+3.5%	820,4 k €	+1.8%	806,1 k €	+6.7%	755,6 k €
Cash	815,3 k €	+76.1%	463,1 k €	+48.0%	313 k €	+5.1%	297,9 k €	-20.7%	375,8 k €	+8.5%	346,2 k €	+11.2%	311,5 k €	+60.4%	194,2 k €	+13.8%	170,7 k €	+207%	55,7 k €	-32.4%	82,3 k €	-76.7%	353,2 k €	+23.6%	285,8 k €	+14.4%	249,9 k €	+45.7%	171,5 k €	-34.4%	261,3 k €	+19.4%	218,9 k €
Debts	418,3 k €	+6.2%	393,7 k €	-12.8%	451,7 k €	-15.4%	534,1 k €	+79.0%	298,4 k €	-45.3%	545,3 k €	-20.3%	684,2 k €	-3.8%	711,4 k €	-28.9%	1 M €	-30.4%	1,4 M €	+111%	681,7 k €	+2.1%	667,8 k €	-16.4%	798,3 k €	+102%	395,4 k €	+7.0%	369,4 k €	+2.6%	360,2 k €	+16.3%	309,7 k €
Other
Workforce	9,3 ETP	-3.1%	9,6 ETP	0.0%	9,6 ETP	-12.7%	11,0 ETP	0.0%	11,0 ETP	-3.5%	11,4 ETP	-2.6%	11,7 ETP	+2.6%	11,4 ETP	0.0%	11,4 ETP	-5.0%	12,0 ETP	+14.3%	10,5 ETP	+10.5%	9,5 ETP	+5.6%	9,0 ETP	+7.1%	8,4 ETP	+1.2%	8,3 ETP	+6.4%	7,8 ETP	0.0%	7,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

TRIVAN

Managing director · since 13 mars 2024 · until 18 juin 2030 · 0870.060.801

Represented by Patrick Vanierschot

Active

Rendel STEEGEN

Managing director · since 12 mars 2024 · until 18 juin 2030

Active

Tjitske KRAMER

Director · since 12 mars 2024 · until 18 juin 2030

Active

Ended mandates

Rendel STEEGEN

Managing director · since 16 juin 2022 · until 16 juin 2028

Ended

Tjitske KRAMER

Director · since 16 juin 2022 · until 16 juin 2028

Ended

TRIVAN

Managing director · since 16 juin 2022 · until 16 juin 2028 · 0870.060.801

Represented by Patrick Vanierschot

Ended

PATRICK VANIERSCHOT

Director · since 15 avril 2015 · until 15 avril 2021

Ended

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	16/06/2026	27/06/2025	18/06/2024	12/06/2023	07/07/2022	09/06/2021
General meeting	16/06/2026	20/06/2025	18/06/2024	02/06/2023	16/06/2022	26/05/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/06/2026	16/06/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	18/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	12/06/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2020	26/05/2021	09/06/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	16/07/2020	Dutch	PDF
Abridged model	31/12/2018	19/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	27/06/2018	19/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	01/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	28/09/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	26/09/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	09/10/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	30/11/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	09/11/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	31/08/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 3 active · 13 ended

Active mandates

TRIVAN

Managing director · since 13 mars 2024 · until 18 juin 2030 · 0870.060.801

Represented by Patrick Vanierschot

Active

Rendel STEEGEN

Managing director · since 12 mars 2024 · until 18 juin 2030

Active

Tjitske KRAMER

Director · since 12 mars 2024 · until 18 juin 2030

Active

Ended mandates

Rendel STEEGEN

Managing director · since 16 juin 2022 · until 16 juin 2028

Ended

Tjitske KRAMER

Director · since 16 juin 2022 · until 16 juin 2028

Ended

TRIVAN

Managing director · since 16 juin 2022 · until 16 juin 2028 · 0870.060.801

Represented by Patrick Vanierschot

Ended

PATRICK VANIERSCHOT

Director · since 15 avril 2015 · until 15 avril 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/01/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares16/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025243,2 k €↑
2024
Annual accounts 2024150,4 k €↓
2023
Annual accounts 2023249,1 k €↓
2022
Annual accounts 2022291,8 k €↓
2021
Annual accounts 2021360 k €↑
2020
Annual accounts 2020195,1 k €↓
2019
Annual accounts 2019222,6 k €↓
2018
Annual accounts 2018311,3 k €↓
2017
Annual accounts 2017415,9 k €↑
2016
Annual accounts 201611 k €↓
2015
Annual accounts 2015116,5 k €↓
2014
Annual accounts 2014148,1 k €↓
2013
Annual accounts 2013184,9 k €↑
2012
Annual accounts 201298 k €↑
2011
Annual accounts 201160 k €↓
2010
Annual accounts 201085 k €↑
2009
Annual accounts 200910,5 k €
05/03/2009
IncorporationPublic 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

ART-B (SA)

Overview

What does ART-B do?

Trend over 17 financial years

Indicative valuation

Board of directors

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