ACTIVE

ARTELCO

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Financial year 2025 · Closed on 30/12/2025

Net result2,7 M €-5,3 %over 1 year
Gross margin2,3 M €+7,7 %over 1 year
Equity2,8 M €-0,1 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

ARTELCO is a Private limited company incorporated in 2009. Its main activity is: Production of electricity. Its registered office is in Kortrijk.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0810.655.229
Incorporation
24/03/2009
Legal form
Private limited company
Registered office
Beneluxpark(Kor) 26 box .0002
8500 Kortrijk · FlandreSee on map
Contributed capital
1 602 600,00 €
Latest accounts
30/12/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 16 filings

Trend over 16 financial years

20252024202320222021
Income statement
Gross margin2,3 M €2,1 M €2,2 M €2,9 M €2,2 M €
EBITDA2,1 M €2,1 M €2,2 M €2,9 M €2,2 M €
Operating result1,3 M €1,3 M €1,5 M €2 M €1,4 M €
Net result2,7 M €2,8 M €2,9 M €2,8 M €2,2 M €
Balance sheet
Equity2,8 M €2,8 M €2,8 M €2,6 M €2,2 M €
Total assets6 M €6,8 M €7 M €7,6 M €9,3 M €
Cash1,4 M €1,7 M €1,3 M €2,1 M €2 M €
Debts3 M €3,9 M €4,2 M €4,8 M €7,1 M €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP––

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/12/2025

2 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
DENNEDUIN0451.225.687Represented by Siska Dedeyne
Directorsince 24/03/2009
V & V INVEST0869.592.528Represented by Johan Verhelst
Directorsince 17/03/2015

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Despiegelaere Projects0865.360.853Represented by Yves Despiegelaere
Director24/03/2009 → 23/03/2015

Other companies at this address

Beneluxpark(Kor) 26 8500 Kortrijk
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0802.069.244
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Adu Groep● Active
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AD ULTIMA● Active
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AD ULTIMA INVEST● Active
0879.143.662
AROES● Active
0644.569.057
AVABEKE● Active
0687.573.117
AVARONNE● Active
0844.936.316
BTW-eenheid DESPIEGELAERE GROEP● Active
1029.290.952
CAPRICE● Bankrupt
0423.235.447
CARE TALENTS● Active
0820.126.090
Crecimiento● Active
1039.649.760
DEMSAR● Active
0734.960.585
Den Bosse● Active
1022.617.748
DENNEDUIN● Active
0451.225.687
Despiegelaere Projects● Active
0865.360.853
Despiegelaere Promotions● Active
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doQmind● Bankrupt
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DP-Technics● Active
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Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Closing of the financial year30/12/202530/12/202430/12/202330/12/202230/12/202130/12/2020
Length of the financial year13 months13 months13 months13 months13 months13 months
Filing date16/07/202624/07/202518/07/202416/08/202317/06/202220/07/2021
General meeting24/04/202625/04/202526/04/202430/06/202301/04/202220/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/12/202524/04/202616/07/2026DutchPDF
Abridged model30/12/202425/04/202524/07/2025DutchPDF
Abridged model30/12/202326/04/202418/07/2024DutchPDF
Abridged model30/12/202230/06/202316/08/2023DutchPDF
Abridged model30/12/202101/04/202217/06/2022DutchPDF
Abridged model30/12/202020/06/202120/07/2021DutchPDF
Abridged model30/12/201930/06/202017/07/2020DutchPDF
Abridged model30/12/201828/06/201919/07/2019DutchPDF
Abridged model30/12/201717/05/201816/07/2018DutchPDF
Abridged model30/12/201630/08/201730/08/2017DutchPDF
Abridged model30/12/201507/06/201630/06/2016DutchPDF
Abridged model30/12/201417/03/201522/07/2015DutchPDF
Abridged model30/12/201303/06/201424/06/2014DutchPDF
Abridged model30/12/201204/06/201319/07/2013DutchPDF
Abridged model30/12/201105/06/201231/07/2012DutchPDF
Abridged model30/12/201007/06/201128/06/2011DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 30/12/2025

2 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
DENNEDUIN0451.225.687Represented by Siska Dedeyne
Directorsince 24/03/2009
V & V INVEST0869.592.528Represented by Johan Verhelst
Directorsince 17/03/2015

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Despiegelaere Projects0865.360.853Represented by Yves Despiegelaere
Director24/03/2009 → 23/03/2015

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office03/01/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/05/2021
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Other22/08/2017
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates29/05/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/01/2014
    KAPITAAL - AANDELEN
    PDF
  • Other24/01/2011
    STATUTENWIJZIGING
    PDF
  • Other01/04/2009
    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
Filings16 filings
Mandates
V & V INVEST
DENNEDUIN
Despiegelaere Projects
200920102011201220132014201520162017201820192020202120222023202420252026
ARTELCO
Beneluxpark 26/2, 8500 KortrijkBeneluxpark 26 bte 0002, 8500 Kortrijk
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Beneluxpark(Kor) 26 bte .0002, 8500 KortrijkCurrent
CBE
Beneluxpark 26/2, 8500 Kortrijk
accounts 2023 → 2025
Accounts 2025 · 2026-00307697
Beneluxpark 26 bte 0002, 8500 Kortrijk
accounts 2021 → 2022
Accounts 2022 · 2023-00336460

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
ARTELCOCurrent
accounts 2010 → 2025
Accounts 2025 · 2026-00307697

Events

  1. 2025
    Annual accounts 20252,7 M €↓
  2. 2024
    Annual accounts 20242,8 M €↓
  3. 2023
    Annual accounts 20232,9 M €↑
  4. 2022
    Annual accounts 20222,8 M €↑
  5. 2021
    Annual accounts 20212,2 M €↓
  6. 2020
    Annual accounts 20202,8 M €↑
  7. 2019
    Annual accounts 20191,8 M €↑
  8. 2018
    Annual accounts 20181,1 M €↓
  9. 2017
    Annual accounts 20171,6 M €↑
  10. 2016
    Annual accounts 2016957,4 k €↓
  11. 2015
    Annual accounts 20151,2 M €↑
  12. 2014
    Annual accounts 2014928,5 k €↑
  13. 2013
    Annual accounts 2013628,6 k €↑
  14. 2012
    Annual accounts 2012582,5 k €↑
  15. 2011
    Annual accounts 2011334,6 k €↑
  16. 2010
    Annual accounts 2010-109 k €
  17. 24/03/2009
    IncorporationPrivate limited company