ACTIVE

ARSICA

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Financial year 2025 · closed on 31/12/2025

Net result

35,5 k €

-44.2% YoY

Gross margin

144,4 k €

-14.2% YoY

Equity

108,4 k €

+48.7% YoY

Workforce

3,2 ETP

+39.1% YoY

What does ARSICA do?

ARSICA is a Private limited company incorporated in 2011. Its main activity is: Real estate agencies. Its registered office is in Mouscron. It employs on average 3,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0832.932.466

Incorporation

19/01/2011

Legal form

Private limited company

Registered office

Rue de France(D) 13
7711 Mouscron · WallonieSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Average workforce

3,2 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70200Management consultancy activities 70220Business and other management consultancy activities 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	144,4 k €	-14.2%	168,3 k €	+227%	51,4 k €	-0.1%	51,4 k €	+113%	24,1 k €	-18.3%	29,5 k €	+217%	9,3 k €	+121%	-43,9 k €	-1170%	-3,5 k €	-6855%	51,1 €	+102%	-2,2 k €	-3191%	70,6 €	-99.4%	12,8 k €	+143%	5,3 k €	+40.8%	3,7 k €
EBITDA	67,9 k €	-31.5%	99,1 k €	+253%	28 k €	-26.6%	38,2 k €	+170%	14,1 k €	-47.8%	27,1 k €	+252%	7,7 k €	+116%	-47 k €	-1136%	-3,8 k €	-1182%	-296,4 €	+88.3%	-2,5 k €	-814%	-276,9 €	-102%	12,8 k €	+143%	5,3 k €	+40.8%	3,7 k €
Operating result	54,7 k €	-37.0%	86,7 k €	+434%	16,2 k €	-38.8%	26,5 k €	+474%	4,6 k €	+1570%	276,4 €	-95.3%	5,9 k €	+112%	-48,5 k €	-1177%	-3,8 k €	-1182%	-296,4 €	+88.3%	-2,5 k €	-814%	-276,9 €	-102%	12,6 k €	+148%	5,1 k €	+42.7%	3,6 k €
Net result	35,5 k €	-44.2%	63,6 k €	+494%	10,7 k €	-48.2%	20,7 k €	+1597%	-1,4 k €	-350%	-306,9 €	-105%	5,7 k €	+112%	-48,7 k €	-1140%	-3,9 k €	-895%	-394,7 €	+84.2%	-2,5 k €	-252%	-711,8 €	-109%	8,1 k €	+150%	3,2 k €	+42.9%	2,3 k €
Balance sheet
Equity	108,4 k €	+48.7%	72,9 k €	+685%	9,3 k €	+751%	-1,4 k €	+93.5%	-22,1 k €	-6.7%	-20,7 k €	-1.5%	-20,4 k €	+21.8%	-26,1 k €	-216%	22,6 k €	-14.8%	26,5 k €	-1.5%	26,9 k €	-8.5%	29,4 k €	-2.4%	30,1 k €	+36.8%	22 k €	-1.2%	22,3 k €
Total assets	428,9 k €	+5.5%	406,7 k €	+23.5%	329,3 k €	-4.1%	343,5 k €	+5.5%	325,5 k €	+3.9%	313,1 k €	+332%	72,5 k €	+1.3%	71,6 k €	+115%	33,3 k €	-5.4%	35,2 k €	+24.1%	28,3 k €	-21.1%	35,9 k €	-2.5%	36,8 k €	+33.3%	27,6 k €	-2.2%	28,3 k €
Cash	169,6 k €	+26.5%	134 k €	+97.3%	67,9 k €	+90.6%	35,6 k €	-36.1%	55,7 k €	-20.1%	69,7 k €	+75.8%	39,7 k €	-11.4%	44,8 k €	+203%	14,8 k €	-27.4%	20,4 k €	-27.7%	28,2 k €	-20.6%	35,5 k €	+18.1%	30,1 k €	+47.9%	20,3 k €	-20.2%	25,5 k €
Debts	320,5 k €	-4.0%	333,8 k €	+4.3%	320 k €	-7.2%	344,9 k €	-0.8%	347,6 k €	+4.1%	333,8 k €	+259%	92,9 k €	-4.9%	97,7 k €	+813%	10,7 k €	+23.5%	8,7 k €	+497%	1,5 k €	-77.8%	6,5 k €	-3.0%	6,7 k €	+19.6%	5,6 k €	-6.0%	6 k €
Other
Workforce	3,2 ETP	+39.1%	2,3 ETP	+76.9%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

AMGATH

Director · since 29 mai 2018 · 0567.761.982

Represented by ARNAUD DHULST

Active

Ended mandates

AMGATH

Manager · since 29 mai 2018 · 0567.761.982

Represented by ARNAUD DHULST

Ended

Bénédicte BOURGADE

Manager · since 18 janvier 2011

Ended

Carol MARTIN

Manager · since 18 janvier 2011

Ended

Bénédicte BOURGADE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
AMGATH● Active	0567.761.982
D.L.S. INVEST● Active	0789.978.589

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	14/08/2026	08/08/2025	30/08/2024	29/08/2023	30/09/2022	27/09/2021
General meeting	27/04/2026	28/04/2025	29/04/2024	24/04/2023	25/04/2022	26/04/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/04/2026	14/08/2026	French	PDF
Abridged model	31/12/2024	28/04/2025	08/08/2025	French	PDF
Abridged model	31/12/2023	29/04/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	24/04/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	25/04/2022	30/09/2022	French	PDF
Abridged model	31/12/2020	26/04/2021	27/09/2021	French	PDF
Abridged model	31/12/2019	27/04/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	29/04/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	30/04/2018	20/08/2018	French	PDF
Abridged model	31/12/2016	24/04/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	17/08/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	07/09/2015	28/09/2015	French	PDF
Abridged model	31/12/2013	28/04/2014	10/07/2014	French	PDF
Abridged model	31/12/2012	29/04/2013	18/06/2013	French	PDF
Abridged model	31/12/2011	30/04/2012	30/08/2012	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

AMGATH

Director · since 29 mai 2018 · 0567.761.982

Represented by ARNAUD DHULST

Active

Ended mandates

AMGATH

Manager · since 29 mai 2018 · 0567.761.982

Represented by ARNAUD DHULST

Ended

Bénédicte BOURGADE

Manager · since 18 janvier 2011

Ended

Carol MARTIN

Manager · since 18 janvier 2011

Ended

Bénédicte BOURGADE

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2025
Nomination administrateur
PDF
Mandates24/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates14/06/2018
DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office11/05/2015
SIEGE SOCIAL
PDF
Registered office10/05/2011
SIEGE SOCIAL
PDF
Other31/01/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202535,5 k €↓
2024
Annual accounts 202463,6 k €↑
2023
Annual accounts 202310,7 k €↓
2022
Annual accounts 202220,7 k €↑
2021
Annual accounts 2021-1,4 k €↓
2020
Annual accounts 2020-306,9 €↓
2019
Annual accounts 20195,7 k €↑
2018
Annual accounts 2018-48,7 k €↓
2017
Annual accounts 2017-3,9 k €↓
2016
Annual accounts 2016-394,7 €↑
2015
Annual accounts 2015-2,5 k €↓
2014
Annual accounts 2014-711,8 €↓
2013
Annual accounts 20138,1 k €↑
2012
Annual accounts 20123,2 k €↑
2011
Annual accounts 20112,3 k €
19/01/2011
IncorporationPrivate 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

ARSICA

Overview

What does ARSICA do?

Trend over 15 financial years

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