ACTIVE

Artes Projects

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Financial year 2024 · closed on 31/12/2024

Net result

9,9 k €

+426.5% YoY

Revenue

71,9 k €

Equity

600,2 k €

+1.7% YoY

What does Artes Projects do?

Artes Projects is a Public limited company incorporated in 2007. Its main activity is: Construction of buildings. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0886.984.430

Incorporation

05/02/2007

Legal form

Public limited company

Registered office

Rederskaai 61 box .0301
8380 Brugge · FlandreSee on map

Contributed capital

200 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles 41101Development of building projects 45212Maintenance and repair of motor vehicles 68121Buying and selling of own real estate+1

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	71,9 k €		–		6,3 k €	-99.8%	3,2 M €	+33.4%	2,4 M €	-40.0%	4 M €	+70.1%	2,4 M €		–		324,1 k €	-4.3%	338,5 k €	+7864%	4,3 k €		–		–		9,5 k €		–		6,2 M €		–
EBITDA	-4,9 k €	+34.4%	-7,5 k €	-849%	997,9 €	-95.9%	24,3 k €	+49.6%	16,2 k €	-53.5%	34,9 k €	-86.7%	262,3 k €	+4083%	6,3 k €	-72.0%	22,4 k €	+74.9%	12,8 k €	+15832%	80,4 €	+100%	-22,7 k €	-181%	27,9 k €	+1079%	2,4 k €	-78.4%	11 k €	-98.5%	711,1 k €	+734%	-112,2 k €
Operating result	-4,9 k €	+34.4%	-7,5 k €	-849%	997,9 €	-95.9%	24,3 k €	+49.6%	16,2 k €	-53.5%	34,9 k €	-86.7%	262,3 k €	+4083%	6,3 k €	-72.0%	22,4 k €	+74.9%	12,8 k €	+15832%	80,4 €	+100%	-22,8 k €	-182%	27,7 k €	+1183%	2,2 k €	-79.7%	10,7 k €	-98.5%	711 k €	+734%	-112,2 k €
Net result	9,9 k €	+427%	1,9 k €	+304%	-924,2 €	-105%	17,2 k €	+55.6%	11 k €	-53.6%	23,8 k €	-87.2%	186,5 k €	+2455%	7,3 k €	-54.5%	16,1 k €	+25.2%	12,8 k €	+1119%	1,1 k €	-99.9%	1,4 M €	+8172%	16,6 k €	+949%	1,6 k €	-88.9%	14,2 k €	-97.3%	518,8 k €	+622%	-99,3 k €
Balance sheet
Equity	600,2 k €	+1.7%	590,3 k €	+0.3%	588,4 k €	-0.2%	589,4 k €	+3.0%	572,2 k €	+2.0%	561,1 k €	+4.4%	537,3 k €	+53.1%	350,9 k €	+2.1%	343,6 k €	+4.9%	327,5 k €	+4.1%	314,7 k €	+0.3%	313,6 k €	-29.0%	441,9 k €	+3.9%	425,3 k €	+0.4%	423,7 k €	+3.5%	409,5 k €	+307%	100,7 k €
Total assets	844,1 k €	+20.4%	701 k €	-3.0%	722,5 k €	-59.3%	1,8 M €	+25.6%	1,4 M €	-4.0%	1,5 M €	-50.2%	3 M €	+40.0%	2,1 M €	-21.9%	2,7 M €	+307%	665,4 k €	+107%	321,1 k €	-5.1%	338,5 k €	-63.8%	935 k €	-5.2%	985,8 k €	+116%	456 k €	-39.1%	749 k €	-80.7%	3,9 M €
Cash	83,6 k €	-39.3%	137,7 k €	-73.8%	524,8 k €	-32.4%	775,9 k €	+14.8%	676,1 k €	-32.4%	999,8 k €	-43.4%	1,8 M €	+24.8%	1,4 M €	+319%	337,7 k €	+8.3%	311,7 k €	-2.3%	319,2 k €	-5.1%	336,4 k €	+7555%	4,4 k €	-76.6%	18,8 k €	-93.4%	283,5 k €	-56.7%	654,3 k €	-71.4%	2,3 M €
Debts	243,7 k €	+121%	110,5 k €	-17.6%	134,1 k €	-88.7%	1,2 M €	+40.9%	842,6 k €	-7.7%	912,7 k €	-62.3%	2,4 M €	+37.4%	1,8 M €	-25.4%	2,4 M €	+600%	337,7 k €	+5219%	6,3 k €	-72.6%	23,2 k €	-95.2%	483,4 k €	-8.5%	528,3 k €	+24353%	2,2 k €	-99.3%	309,3 k €	-91.8%	3,8 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 26 ended

Active mandates

Matthias Hoornaert

Managing director · since 31 mai 2023 · until 27 mai 2026

Active

PACT 14

Director · since 31 mai 2023 · until 27 mai 2026 · 0780.850.097

Represented by Johan Van Overwalle

Active

ROBERT HOORNAERT

Director · since 31 mai 2023 · until 27 mai 2026

Active

Ended mandates

PACT 14

Director · since 25 janvier 2022 · until 31 mai 2023 · 0780.850.097

Represented by Matthias HOORNAERT

Ended

ELCONSTRUCT

Managing director · since 01 janvier 2022 · until 31 mai 2023 · 0554.696.676

Represented by Johan Van Overwalle

Ended

Artcon 14

Director · since 27 mai 2020 · until 31 mai 2023 · 0542.722.423

Represented by KOENRAAD VAN ACKER

Ended

ROBERT HOORNAERT

Director · since 27 mai 2020 · until 31 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Artes Depret● Active	0400.082.042
Consortium Zwembad Ieper● Active	1013.775.605
De Maatschap ARTES● Active	1005.904.054
Maatschap Artes Depret- Artes TWT● Active	0781.645.893
Maatschap Artes Projects - CAAAP● Active	1010.887.973
PACT 14● Active	0780.850.097
PACT 6● Active	0786.484.512
THV ARTES DEPRET - FABRICOM - AXIMA● Active	0692.826.656
THV ARTES DEPRET - FRANKI CONSTRUCT● Active	0689.646.145
THV ARTES DEPRET NV - AGIDENS INFRA AUTOMATION NV● Active	0537.388.314
THV ARTES DEPRET NV / ROEGIERS NV● Active	0689.786.695
Tijdelijke Maatschap ARTES-TRBA● Active	1007.069.935
TM Aelterman-TM Denys-Artes Depret● Active	0798.470.148
TM Artes – Artes Woudenberg● Active	1011.386.435
TM Artes Depret –Aelterman● Active	0782.510.678
TM Artes Depret - Artes Roegiers - Artes TWT● Active	1030.887.492
TM ARTES DEPRET-ARTES ROEGIERS-ARTES WOUDENBERG● Active	0538.985.052
TM Artes Depret-Artes Roegiers-Ghent Dredging-Aertssen Infra● Active	1019.965.094
TM Artes Depret - Artes TWT - TRBA● Active	0733.777.581
TM Artes Depret-Decat● Active	1014.805.288

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/07/2025	17/06/2024	29/06/2023	29/06/2022	30/06/2021	19/06/2020
General meeting	18/06/2025	29/05/2024	31/05/2023	25/05/2022	26/05/2021	27/05/2020
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
Full model	31/12/2024	18/06/2025	08/07/2025	Dutch	PDF
Full model	31/12/2023	29/05/2024	17/06/2024	Dutch	PDF
Full model	31/12/2022	31/05/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	25/05/2022	29/06/2022	Dutch	PDF
Full model	31/12/2020	26/05/2021	30/06/2021	Dutch	PDF
Full model	31/12/2019	27/05/2020	19/06/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	30/05/2018	15/06/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	20/06/2017	Dutch	PDF
Full model	31/12/2015	25/05/2016	14/06/2016	Dutch	PDF
Full model	31/12/2014	27/05/2015	16/06/2015	Dutch	PDF
Full model	31/12/2013	28/05/2014	10/07/2014	Dutch	PDF
Full model	31/12/2012	29/05/2013	18/06/2013	Dutch	PDF
Full model	31/12/2011	30/05/2012	05/07/2012	Dutch	PDF
Full model	31/12/2010	25/05/2011	07/07/2011	Dutch	PDF
Full model	31/12/2009	26/05/2010	08/07/2010	Dutch	PDF
Full model	31/12/2008	27/05/2009	29/06/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2024 · 3 active · 26 ended

Active mandates

Matthias Hoornaert

Managing director · since 31 mai 2023 · until 27 mai 2026

Active

PACT 14

Director · since 31 mai 2023 · until 27 mai 2026 · 0780.850.097

Represented by Johan Van Overwalle

Active

ROBERT HOORNAERT

Director · since 31 mai 2023 · until 27 mai 2026

Active

Ended mandates

PACT 14

Director · since 25 janvier 2022 · until 31 mai 2023 · 0780.850.097

Represented by Matthias HOORNAERT

Ended

ELCONSTRUCT

Managing director · since 01 janvier 2022 · until 31 mai 2023 · 0554.696.676

Represented by Johan Van Overwalle

Ended

Artcon 14

Director · since 27 mai 2020 · until 31 mai 2023 · 0542.722.423

Represented by KOENRAAD VAN ACKER

Ended

ROBERT HOORNAERT

Director · since 27 mai 2020 · until 31 mai 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other23/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2020
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 20249,9 k €↑
2023
Annual accounts 20231,9 k €↑
2022
Annual accounts 2022-924,2 €↓
2021
Annual accounts 202117,2 k €↑
2020
Annual accounts 202011 k €↓
2019
Annual accounts 201923,8 k €↓
2018
Annual accounts 2018186,5 k €↑
2017
Annual accounts 20177,3 k €↓
2016
Annual accounts 201616,1 k €↑
2015
Annual accounts 201512,8 k €↑
2014
Annual accounts 20141,1 k €↓
2013
Annual accounts 20131,4 M €↑
2012
Annual accounts 201216,6 k €↑
2011
Annual accounts 20111,6 k €↓
2010
Annual accounts 201014,2 k €↓
2009
Annual accounts 2009518,8 k €↑
2008
Annual accounts 2008-99,3 k €
05/02/2007
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

Artes Projects

Overview

What does Artes Projects do?

Trend over 17 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