ACTIVE

aRTe

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Financial year 2025 · closed on 30/09/2025

Net result

14,2 k €

-67.7% YoY

Gross margin

57,6 k €

-37.6% YoY

Equity

148,1 k €

+9.9% YoY

What does aRTe do?

aRTe is a Private company with limited liability incorporated in 2008. Its main activity is: Activities of holding companies. Its registered office is in Boutersem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0896.866.651

Incorporation

18/03/2008

Legal form

Private company with limited liability

Registered office

Oude Baan 124
3370 Boutersem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009
Income statement
Gross margin	57,6 k €	-37.6%	92,4 k €	-6.0%	98,2 k €	+1051%	8,5 k €	-24.4%	11,3 k €	-88.9%	101,5 k €	-15.9%	120,7 k €	+4.6%	115,4 k €	+35.9%	84,9 k €	+784%	9,6 k €	-50.7%	19,5 k €	-64.6%	55,1 k €	-39.5%	91,1 k €	-43.7%	161,7 k €	+113%	76,1 k €
EBITDA	55,9 k €	-38.3%	90,7 k €	-5.7%	96,1 k €	+1373%	6,5 k €	-20.3%	8,2 k €	-91.7%	98,5 k €	-15.2%	116,1 k €	+5.5%	110,1 k €	+37.9%	79,8 k €	+1203%	6,1 k €	-58.7%	14,8 k €	-71.7%	52,4 k €	-38.6%	85,4 k €	-46.9%	160,8 k €	+123%	72,1 k €
Operating result	33,3 k €	-51.4%	68,4 k €	-0.5%	68,8 k €	+434%	-20,6 k €	-35.3%	-15,2 k €	-119%	79,4 k €	-20.7%	100,2 k €	+79.3%	55,9 k €	+78.7%	31,3 k €	+203%	-30,2 k €	+40.4%	-50,7 k €	-1931%	-2,5 k €	-111%	22,5 k €	-80.2%	113,4 k €	+80.3%	62,9 k €
Net result	14,2 k €	-67.7%	43,9 k €	-10.3%	48,9 k €	+255%	-31,6 k €	+39.1%	-51,8 k €	-162%	83,3 k €	+85.9%	44,8 k €	-5.1%	47,2 k €	+105%	23,1 k €	+134%	-67,1 k €	-9.8%	-61,1 k €	-70.9%	-35,8 k €	-231%	-10,8 k €	-113%	84,3 k €	+94.8%	43,3 k €
Balance sheet
Equity	148,1 k €	+9.9%	134,8 k €	+46.8%	91,8 k €	+4.7%	87,7 k €	-26.5%	119,3 k €	-29.5%	169,1 k €	+97.2%	85,8 k €	+105%	41,7 k €	+859%	-5,5 k €	+80.7%	-28,6 k €	-174%	38,6 k €	-61.3%	99,7 k €	-26.4%	135,4 k €	+1.2%	133,8 k €	+170%	49,5 k €
Total assets	325,7 k €	-8.9%	357,5 k €	+19.2%	300 k €	+15.1%	260,7 k €	-8.2%	284 k €	-28.7%	398,2 k €	-2.7%	409,2 k €	+21.8%	336 k €	-23.4%	438,8 k €	+0.3%	437,4 k €	-12.4%	499,1 k €	-9.0%	548,6 k €	+12.8%	486,4 k €	-1.1%	491,9 k €	+142%	203,2 k €
Cash	133,9 k €	-0.4%	134,5 k €	+51.5%	88,7 k €	+101%	44,1 k €	-29.9%	62,9 k €	-55.3%	140,7 k €	+376%	29,6 k €	-70.8%	101,3 k €	+489%	17,2 k €	+88.6%	9,1 k €	+48381%	18,8 €	-99.8%	8,6 k €	-88.2%	73,3 k €	+70.7%	42,9 k €	-55.7%	96,9 k €
Debts	167,7 k €	-22.3%	215,9 k €	+6.0%	203,8 k €	+19.2%	170,9 k €	+7.2%	159,5 k €	-29.0%	224,5 k €	-30.4%	322,7 k €	+10.8%	291,4 k €	-34.3%	443,2 k €	-3.6%	459,6 k €	+1.0%	455,1 k €	+2.1%	445,8 k €	+28.1%	348,1 k €	-2.7%	357,7 k €	+133%	153,2 k €

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 30/09/2025 · 2 active · 4 ended

Active mandates

Kristel Minten

Director · since 16 mai 2012

Active

Raf TONINATO

Director · since 18 mars 2008

Active

Ended mandates

Kristel Minten

Manager · since 16 mai 2012

Ended

Raf Toninato

Manager · since 18 mars 2008

Ended

Raf Toninato

Director

Ended

Raf Toninato

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	09/04/2025	30/04/2024	28/04/2023	29/04/2022	28/04/2021
General meeting	31/03/2026	31/03/2025	29/03/2024	31/03/2023	31/03/2022	26/03/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	31/03/2026	30/04/2026	Dutch	PDF
Micro model	30/09/2024	31/03/2025	09/04/2025	Dutch	PDF
Micro model	30/09/2023	29/03/2024	30/04/2024	Dutch	PDF
Micro model	30/09/2022	31/03/2023	28/04/2023	Dutch	PDF
Micro model	30/09/2021	31/03/2022	29/04/2022	Dutch	PDF
Micro model	30/09/2020	26/03/2021	28/04/2021	Dutch	PDF
Micro model	30/09/2019	27/03/2020	29/05/2020	Dutch	PDF
Micro model	30/09/2018	29/03/2019	31/07/2019	Dutch	PDF
Micro model	30/09/2017	30/03/2018	25/04/2018	Dutch	PDF
Abridged model	30/09/2016	30/03/2017	15/03/2018	Dutch	PDF
Abridged model	30/09/2015	25/03/2016	26/04/2016	Dutch	PDF
Abridged model	30/09/2014	27/03/2015	02/04/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	29/03/2013	30/04/2013	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	08/07/2010	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 30/09/2025 · 2 active · 4 ended

Active mandates

Kristel Minten

Director · since 16 mai 2012

Active

Raf TONINATO

Director · since 18 mars 2008

Active

Ended mandates

Kristel Minten

Manager · since 16 mai 2012

Ended

Raf Toninato

Manager · since 18 mars 2008

Ended

Raf Toninato

Director

Ended

Raf Toninato

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/06/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other06/02/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other10/04/2008
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 202514,2 k €↓
2024
Annual accounts 202443,9 k €↓
2023
Annual accounts 202348,9 k €↑
2022
Annual accounts 2022-31,6 k €↑
2021
Annual accounts 2021-51,8 k €↓
2019
Annual accounts 201983,3 k €↑
2018
Annual accounts 201844,8 k €↓
2017
Annual accounts 201747,2 k €↑
2016
Annual accounts 201623,1 k €↑
2015
Annual accounts 2015-67,1 k €↓
2014
Annual accounts 2014-61,1 k €↓
2013
Annual accounts 2013-35,8 k €↓
2012
Annual accounts 2012-10,8 k €↓
2010
Annual accounts 201084,3 k €↑
2009
Annual accounts 200943,3 k €
18/03/2008
IncorporationPrivate company with limited liability

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

aRTe

Overview

What does aRTe do?

Trend over 15 financial years

Indicative valuation

Board of directors

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