ACTIVE

Artisan Food Solutions

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Financial year 2025 · closed on 31/12/2025

Net result

1,7 M €

-7.9% YoY

Revenue

1,5 M €

+43.4% YoY

Equity

11 M €

+18.0% YoY

Workforce

6,8 ETP

+78.9% YoY

What does Artisan Food Solutions do?

Artisan Food Solutions is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Bonheiden. It employs on average 6,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.873.522

Incorporation

11/12/2004

Legal form

Private limited company

Registered office

Putsesteenweg 59
2820 Bonheiden · FlandreSee on map

Contributed capital

2 672 400,00 €

Latest accounts

31/12/2025

Average workforce

6,8 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,5 M €	+43.4%	1 M €	+47.0%	695 k €	+15.4%	602 k €		–		–		–		–		–		45 k €		–		–		–		–		–		–		–		–		–
EBITDA	924,1 k €	+8.0%	856 k €	+68.3%	508,6 k €	-7.1%	547,4 k €	+28.2%	427,1 k €	+47.0%	290,6 k €	+191%	99,7 k €	+10.8%	90 k €	-52.1%	187,8 k €	+340%	42,7 k €	+2486%	-1,8 k €	-106%	28,3 k €	-53.1%	60,2 k €	-61.5%	156,5 k €	+11.0%	141 k €	-11.8%	159,9 k €	+6.9%	149,5 k €	+68.4%	88,8 k €	+6877%	-1,3 k €
Operating result	801,5 k €	-0.8%	808,1 k €	+75.5%	460,3 k €	-8.4%	502,4 k €	+21.0%	415,1 k €	+46.9%	282,7 k €	+536%	44,4 k €	+25.6%	35,4 k €	-81.0%	186,5 k €	+337%	42,7 k €	+2315%	-1,9 k €	-107%	27,9 k €	-53.3%	59,9 k €	-61.7%	156,2 k €	+16.9%	133,6 k €	-12.3%	152,3 k €	+7.1%	142,2 k €	+73.0%	82,2 k €	+6374%	-1,3 k €
Net result	1,7 M €	-7.9%	1,8 M €	+31.4%	1,4 M €	-45.8%	2,6 M €	+839%	273,5 k €	+48.3%	184,5 k €	-73.3%	690,4 k €	+2328%	28,4 k €	+339%	-11,9 k €	-139%	30,2 k €	+6379%	466,3 €	-97.9%	21,9 k €	-46.6%	40,9 k €	-61.3%	105,8 k €	+11.0%	95,3 k €	-9.3%	105,1 k €	+6.5%	98,7 k €	+71.7%	57,5 k €	+4630%	-1,3 k €
Balance sheet
Equity	11 M €	+18.0%	9,4 M €	+24.3%	7,5 M €	+18.8%	6,3 M €	+68.1%	3,8 M €	+7.4%	3,5 M €	+2.3%	3,4 M €	+19.9%	2,9 M €	+1.0%	2,8 M €	+1437%	184,3 k €	+0.1%	184,1 k €	+0.3%	183,6 k €	+13.5%	161,8 k €	+33.9%	120,8 k €	-70.5%	409 k €	+30.4%	313,7 k €	+50.4%	208,5 k €	+89.9%	109,8 k €	+110%	52,4 k €
Total assets	11,9 M €	+12.4%	10,6 M €	+12.5%	9,4 M €	+18.1%	8 M €	+63.4%	4,9 M €	+6.9%	4,6 M €	+14.2%	4 M €	+12.1%	3,6 M €	+11.2%	3,2 M €	+740%	381,1 k €	+93.4%	197,1 k €	+6.6%	185 k €	+4.7%	176,6 k €	+14.7%	154 k €	-64.3%	431,3 k €	+27.2%	339 k €	+41.4%	239,8 k €	+73.4%	138,3 k €	+151%	55,1 k €
Cash	301,5 k €	-63.1%	816,4 k €	+33.6%	611,3 k €	+279%	161,1 k €	+22740%	705,4 €	-93.0%	10,1 k €	+115%	4,7 k €	-92.0%	58,9 k €	+102%	29,2 k €	+439%	5,4 k €	-62.4%	14,4 k €	-92.1%	181,4 k €	+22.0%	148,6 k €	+124%	66,4 k €	-75.6%	272,4 k €	-10.7%	304,9 k €	+2041%	14,2 k €	-71.1%	49,3 k €	-6.6%	52,8 k €
Debts	827,8 k €	-31.2%	1,2 M €	-34.7%	1,8 M €	+14.2%	1,6 M €	+47.1%	1,1 M €	+7.1%	1 M €	+83.4%	557,9 k €	-20.1%	698,2 k €	+89.7%	368 k €	+87.0%	196,8 k €	+1410%	13 k €	+850%	1,4 k €	-90.8%	14,8 k €	-55.2%	33,2 k €	+55.4%	21,3 k €	-14.2%	24,9 k €	-20.4%	31,2 k €	+9.7%	28,5 k €	+953%	2,7 k €
Other
Workforce	6,8 ETP	+78.9%	3,8 ETP	0.0%	3,8 ETP	-7.3%	4,1 ETP	-10.9%	4,6 ETP		–		–		2,0 ETP	+100%	1,0 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Carl Cleirbaut

Director · since 14 mars 2014

Active

Ended mandates

Carl Cleirbaut

Manager · since 14 mars 2014

Ended

Herman Michiels

Manager · since 11 décembre 2004 · until 14 mars 2014

Ended

Herman Michiels

Manager · since 11 décembre 2004

Ended

Carl Cleirbaut

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Artisan Bakery Products● Active	0810.042.248
Btw-eenheid Bakkerij Carl● Active	0778.347.794
Cleirbaut Bakery Consulting● Active	0797.600.712
Immo Cleirbaut● Active	0466.077.377
Jordy's Bakery Services● Active	0797.147.978

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full 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	17/07/2026	30/07/2025	30/07/2024	25/07/2023	31/08/2022	16/06/2021
General meeting	30/06/2026	30/06/2025	27/06/2024	30/06/2023	31/07/2022	17/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	30/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	25/07/2023	Dutch	PDF
Abridged model	31/12/2021	31/07/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	17/05/2021	16/06/2021	Dutch	PDF
Micro model	31/12/2019	25/07/2020	20/10/2020	Dutch	PDF
Micro model	31/12/2018	18/05/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	18/05/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	20/05/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	21/05/2016	20/06/2016	Dutch	PDF
Full model	31/12/2014	16/05/2015	04/06/2015	Dutch	PDF
Abridged model	31/12/2013	17/05/2014	19/06/2014	Dutch	PDF
Abridged model	31/12/2012	18/05/2013	23/05/2013	Dutch	PDF
Abridged model	31/12/2011	19/05/2012	23/05/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	06/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	07/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	09/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/05/2008	16/06/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	04/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 6 ended

Active mandates

Carl Cleirbaut

Director · since 14 mars 2014

Active

Ended mandates

Carl Cleirbaut

Manager · since 14 mars 2014

Ended

Herman Michiels

Manager · since 11 décembre 2004 · until 14 mars 2014

Ended

Herman Michiels

Manager · since 11 décembre 2004

Ended

Carl Cleirbaut

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/04/2016
BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/06/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other07/06/2007
get.
PDF
Other10/01/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20251,7 M €↓
2024
Annual accounts 20241,8 M €↑
2023
Annual accounts 20231,4 M €↓
2022
Annual accounts 20222,6 M €↑
2021
Annual accounts 2021273,5 k €↑
2019
Annual accounts 2019184,5 k €↓
2018
Annual accounts 2018690,4 k €↑
2017
Annual accounts 201728,4 k €↑
2016
Annual accounts 2016-11,9 k €↓
2015
Annual accounts 201530,2 k €↑
2014
Annual accounts 2014466,3 €↓
2013
Annual accounts 201321,9 k €↓
2012
Annual accounts 201240,9 k €↓
2011
Annual accounts 2011105,8 k €↑
2010
Annual accounts 201095,3 k €↓
2009
Annual accounts 2009105,1 k €↑
2008
Annual accounts 200898,7 k €↑
2007
Annual accounts 200757,5 k €↑
2006
Annual accounts 2006-1,3 k €
11/12/2004
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

Artisan Food Solutions

Overview

What does Artisan Food Solutions do?

Trend over 19 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