ARTHER
0867.326.389 · rovalta.com · 23/09/2026
ACTIVE
ARTHER
Financial year 2025 · closed on 31/12/2025
Net result
18,3 k €
+237.2% YoY
Gross margin
27,3 k €
+173.4% YoY
Equity
35,1 k €
+108.9% YoY
Overview
What does ARTHER do?
ARTHER is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Schaerbeek.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0867.326.389
Incorporation
20/09/2004
Legal form
Private limited company
Registered office
Boulevard Général Wahis 268 box 4
1030 Schaerbeek · BruxellesSee on map
1030 Schaerbeek · BruxellesSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 27,3 k € | +173% | 10 k € | +1.9% | 9,8 k € | +176% | 3,5 k € | +46.5% | 2,4 k € | +51.4% | 1,6 k € | -37.4% | 2,6 k € | +749% | -393 € | +59.1% | -961,7 € | -3.7% | -927,1 € | -1025% | 100,3 € | +104% | -2,9 k € | +35.1% | -4,4 k € | -819% | 612,5 € | -98.5% | 39,7 k € | +388% | -13,8 k € | +31.6% | -20,1 k € | -317% | 9,3 k € | -20.2% | 11,6 k € | +141% | 4,8 k € |
| EBITDA | 27,3 k € | +174% | 10 k € | +1.8% | 9,8 k € | +282% | 2,6 k € | +6.9% | 2,4 k € | +89.1% | 1,3 k € | -50.3% | 2,6 k € | +749% | -393 € | +59.1% | -961,7 € | -3.7% | -927,1 € | -1025% | 100,3 € | +104% | -2,9 k € | +35.8% | -4,5 k € | -828% | 612,5 € | -98.5% | 39,7 k € | +388% | -13,8 k € | +31.6% | -20,1 k € | -317% | 9,3 k € | -17.7% | 11,2 k € | +208% | 3,6 k € |
| Operating result | 25,3 k € | +225% | 7,8 k € | -5.3% | 8,2 k € | +424% | 1,6 k € | +5.4% | 1,5 k € | +167% | 556,4 € | -78.2% | 2,6 k € | +749% | -393 € | +59.1% | -961,7 € | -3.7% | -927,1 € | -1025% | 100,3 € | +104% | -2,9 k € | +35.8% | -4,5 k € | -970% | 512,8 € | -98.7% | 39,4 k € | +381% | -14 k € | +46.7% | -26,3 k € | -1080% | 2,7 k € | -26.4% | 3,6 k € | +215% | -3,2 k € |
| Net result | 18,3 k € | +237% | 5,4 k € | -21.1% | 6,9 k € | +369% | 1,5 k € | +3.1% | 1,4 k € | +176% | 515,8 € | -79.5% | 2,5 k € | +658% | -450,4 € | +54.1% | -981,3 € | -0.6% | -975,5 € | -1332% | 79,2 € | +103% | -3,1 k € | +44.2% | -5,5 k € | -4793% | 118,2 € | -99.7% | 38,4 k € | +349% | -15,4 k € | +42.6% | -26,9 k € | -4051% | 680 € | -66.8% | 2,1 k € | +155% | -3,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 35,1 k € | +109% | 16,8 k € | +47.7% | 11,4 k € | +153% | 4,5 k € | +48.4% | 3 k € | +88.5% | 1,6 k € | +47.3% | 1,1 k € | +177% | -1,4 k € | -46.3% | -973,5 € | -12612% | 7,8 € | -99.2% | 983,3 € | +8.8% | 904,1 € | -77.4% | 4 k € | -58.1% | 9,5 k € | +1.3% | 9,4 k € | +133% | -29 k € | -114% | -13,5 k € | -202% | 13,3 k € | +5.4% | 12,6 k € | +19.4% | 10,6 k € |
| Total assets | 48 k € | +82.8% | 26,3 k € | -8.6% | 28,7 k € | +181% | 10,2 k € | -1.8% | 10,4 k € | +27.3% | 8,2 k € | +121% | 3,7 k € | +95.4% | 1,9 k € | +194% | 642,7 € | -63.4% | 1,8 k € | -84.2% | 11,1 k € | -26.8% | 15,1 k € | -71.8% | 53,7 k € | -22.1% | 68,9 k € | +35.8% | 50,7 k € | +2463% | 2 k € | -48.6% | 3,9 k € | -83.7% | 23,6 k € | -8.0% | 25,7 k € | -8.9% | 28,2 k € |
| Cash | 34,4 k € | +280% | 9,1 k € | -26.1% | 12,3 k € | +143% | 5,1 k € | -3.7% | 5,2 k € | +41.0% | 3,7 k € | +52.5% | 2,4 k € | +198% | 817,9 € | +803% | 90,6 € | -86.4% | 668,6 € | -93.3% | 10 k € | -32.2% | 14,7 k € | +123% | 6,6 k € | +28.6% | 5,1 k € | +1881% | 259 € | – | – | 14,5 k € | +22.0% | 11,9 k € | +1181% | 930 € | |||
| Debts | 12,9 k € | +36.4% | 9,5 k € | -45.5% | 17,4 k € | +204% | 5,7 k € | -22.4% | 7,4 k € | +12.3% | 6,6 k € | +152% | 2,6 k € | -21.5% | 3,3 k € | +105% | 1,6 k € | -7.4% | 1,7 k € | -82.7% | 10,1 k € | -29.1% | 14,2 k € | -71.4% | 49,7 k € | -16.3% | 59,3 k € | +43.7% | 41,3 k € | +33.3% | 31 k € | +77.9% | 17,4 k € | +68.9% | 10,3 k € | -20.9% | 13 k € | -25.9% | 17,6 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 7 ended
Active mandates
LEA REYNDERS
ActiveEnded mandates
LEA REYNDERS
EndedIOULIA SERGUEEVNA STEPANOVA
EndedIOULIA SERGUEEVNA STEPANOVA
EndedIOULIA STEPANOVA
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
ANIMAURA● Active | 0429.368.124 |
| 0564.710.739 | |
BOOM● Active | 0416.094.762 |
CITIBELL NETWORKS BELGIUM● Active | 0471.575.396 |
DELTAST● Active | 0894.637.730 |
FISCO - TURN● Active | 0430.810.256 |
Joule Energy EU● Active | 0476.388.675 |
MAASCH● Active | 0440.260.135 |
M.B.V. INVESTMENT● Active | 0440.512.137 |
SAPA● Active | 0432.973.158 |
TRADING K.D.● Active | 0457.192.177 |
Financials
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 | 31/08/2026 | 31/08/2025 | 31/08/2024 | 27/08/2023 | 02/09/2022 | 10/09/2021 |
| General meeting | 10/06/2026 | 11/06/2025 | 12/06/2024 | 14/06/2023 | 08/06/2022 | 09/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 10/06/2026 | 31/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 11/06/2025 | 31/08/2025 | Dutch | |
| Abridged model | 31/12/2023 | 12/06/2024 | 31/08/2024 | Dutch | |
| Abridged model | 31/12/2022 | 14/06/2023 | 27/08/2023 | Dutch | |
| Abridged model | 31/12/2021 | 08/06/2022 | 02/09/2022 | Dutch | |
| Abridged model | 31/12/2020 | 09/06/2021 | 10/09/2021 | Dutch | |
| Micro model | 31/12/2019 | 10/06/2020 | 26/08/2020 | Dutch | |
| Micro model | 31/12/2018 | 12/06/2019 | 16/07/2019 | Dutch | |
| Micro model | 31/12/2017 | 13/06/2018 | 27/07/2018 | Dutch | |
| Micro model | 31/12/2016 | 14/06/2017 | 09/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 08/06/2016 | 23/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 10/06/2015 | 27/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 11/06/2014 | 20/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 12/06/2013 | 25/08/2013 | French | |
| Abridged model | 31/12/2011 | 13/06/2012 | 31/08/2012 | French | |
| Abridged model | 31/12/2010 | 08/06/2011 | 13/07/2011 | French | |
| Abridged model | 31/12/2009 | 09/06/2010 | 06/07/2010 | French | |
| Abridged model | 31/12/2008 | 10/06/2009 | 10/08/2009 | French | |
| Abridged model | 31/12/2007 | 09/07/2008 | 07/08/2008 | French | |
| Abridged model | 31/12/2006 | 13/06/2007 | 30/07/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 7 ended
Active mandates
LEA REYNDERS
ActiveEnded mandates
LEA REYNDERS
EndedIOULIA SERGUEEVNA STEPANOVA
EndedIOULIA SERGUEEVNA STEPANOVA
EndedIOULIA STEPANOVA
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Registered office30/06/2026MAATSCHAPPELIJKE ZETEL
- Mandates23/12/2024DOEL, WIJZIGING RECHTSVORM, ONTSLAGEN, BENOEMINGEN,
- Registered office06/11/2018MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Registered office26/10/2016MAATSCHAPPELIJKE ZETEL - DIVERSEN
- Registered office02/02/2016SIEGE SOCIAL
- Mandates31/12/2014ONTSLAGEN - BENOEMINGEN
- Registered office12/09/2013BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates18/10/2012SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202518,3 k €↑
- 2024Annual accounts 20245,4 k €↓
- 2023Annual accounts 20236,9 k €↑
- 2022Annual accounts 20221,5 k €↑
- 2021Annual accounts 20211,4 k €↑
- 2020Annual accounts 2020515,8 €↓
- 2019Annual accounts 20192,5 k €↑
- 2018Annual accounts 2018-450,4 €↑
- 2017Annual accounts 2017-981,3 €↓
- 2016Annual accounts 2016-975,5 €↓
- 2015Annual accounts 201579,2 €↑
- 2014Annual accounts 2014-3,1 k €↑
- 2013Annual accounts 2013-5,5 k €↓
- 2012Annual accounts 2012118,2 €↓
- 2011Annual accounts 201138,4 k €↑
- 2010Annual accounts 2010-15,4 k €↑
- 2009Annual accounts 2009-26,9 k €↓
- 2008Annual accounts 2008680 €↓
- 2007Annual accounts 20072,1 k €↑
- 2006Annual accounts 2006-3,7 k €
- 20/09/2004IncorporationPrivate limited company