ACTIVE

ART SPEC

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Financial year 2025 · closed on 30/06/2025

Net result

400,7 k €

+90.8% YoY

Gross margin

591,4 k €

+69.3% YoY

Equity

409,1 k €

+4769.7% YoY

What does ART SPEC do?

ART SPEC is a Private limited company incorporated in 2008. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.864.149

Incorporation

20/08/2008

Legal form

Private limited company

Registered office

Avenue Molière 339
1180 Uccle · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Activities (NACE)

66220Activities of insurance agents and brokers· main 66220Activities of insurance agents and brokers

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	591,4 k €	+69.3%	349,3 k €	-24.6%	463,5 k €	+15.1%	402,8 k €	+32.5%	304 k €	-28.9%	427,5 k €	+13.1%	378,1 k €	+43.5%	263,5 k €	-14.5%	308,4 k €	+37.1%	224,9 k €	-13.2%	259 k €	+7.8%	240,2 k €	+27.1%	188,9 k €	-6.4%	202 k €	+64.9%	122,5 k €	+853%	12,9 k €
EBITDA	539,8 k €	+81.0%	298,3 k €	-27.9%	413,5 k €	+15.4%	358,4 k €	+37.5%	260,7 k €	-30.1%	372,7 k €	+9.1%	341,8 k €	+47.2%	232,1 k €	-16.7%	278,6 k €	+41.5%	196,9 k €	-16.7%	236,5 k €	+8.8%	217,3 k €	+22.8%	176,9 k €	-11.1%	198,9 k €	+75.6%	113,2 k €	+6503%	1,7 k €
Operating result	539,8 k €	+81.1%	298,1 k €	-27.6%	411,9 k €	+15.5%	356,7 k €	+37.3%	259,8 k €	-29.9%	370,7 k €	+9.2%	339,6 k €	+47.7%	229,9 k €	-17.0%	277 k €	+42.1%	195 k €	-16.9%	234,5 k €	+9.0%	215,2 k €	+22.4%	175,8 k €	-10.2%	195,8 k €	+77.1%	110,6 k €	+8704%	-1,3 k €
Net result	400,7 k €	+90.8%	210 k €	-37.1%	334,2 k €	+24.6%	268,1 k €	+63.7%	163,8 k €	-39.2%	269,3 k €	+22.3%	220,1 k €	+47.9%	148,9 k €	-17.4%	180,3 k €	+39.0%	129,7 k €	-15.5%	153,6 k €	+6.3%	144,5 k €	+25.3%	115,4 k €	-8.8%	126,5 k €	+104%	62,1 k €	+9059%	678,6 €
Balance sheet
Equity	409,1 k €	+4770%	8,4 k €	+0.4%	8,4 k €	+1.9%	8,2 k €	+1.4%	8,1 k €	-2.9%	8,3 k €	-8.0%	9,1 k €	+1.7%	8,9 k €	-1.6%	9,1 k €	+3.3%	8,8 k €	-3.1%	9 k €	+6.7%	8,5 k €	-5.2%	8,9 k €	+4.2%	8,6 k €	-5.0%	9 k €	+31.2%	6,9 k €
Total assets	1,3 M €	+24.6%	1 M €	-31.1%	1,5 M €	-12.8%	1,7 M €	+45.3%	1,2 M €	+21.6%	956 k €	+37.7%	694,3 k €	-25.1%	926,4 k €	+22.9%	753,7 k €	+34.8%	559 k €	-14.4%	652,8 k €	+3.3%	631,7 k €	+40.8%	448,8 k €	-15.9%	533,9 k €	-38.7%	870,9 k €	+369%	185,7 k €
Cash	1,2 M €	+29.4%	946 k €	-30.5%	1,4 M €	-15.2%	1,6 M €	+50.3%	1,1 M €	+20.8%	884,9 k €	+40.0%	632,2 k €	-27.3%	869,6 k €	+16.5%	746,3 k €	+41.9%	525,9 k €	-16.7%	631,5 k €	+4.5%	604,2 k €	+38.4%	436,7 k €	-17.0%	526 k €	-26.7%	717,5 k €	+306%	176,7 k €
Debts	853,3 k €	-12.3%	973 k €	-33.5%	1,5 M €	-12.9%	1,7 M €	+45.7%	1,2 M €	+21.8%	946,8 k €	+38.2%	685,1 k €	-25.3%	917,3 k €	+23.2%	744,3 k €	+35.4%	549,8 k €	-14.6%	643,6 k €	+3.3%	623,2 k €	+41.8%	439,6 k €	-16.3%	525,2 k €	-39.0%	861 k €	+382%	178,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,8 ETP	+33.3%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	+100%	0,3 ETP		–		0,3 ETP	-70.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 7 ended

Active mandates

David Ouvrard

Director · since 01 décembre 2019

Active

Edouard Sebline

Director · since 20 août 2008

Active

Ended mandates

David Ouvrard

Manager · since 01 décembre 2019

Ended

Paul Myers

Manager · since 31 décembre 2014 · until 30 septembre 2019

Ended

Paul Myers

Manager · since 31 décembre 2014 · until 30 décembre 2019

Ended

Paul Myers

Manager · since 01 janvier 2010 · until 30 décembre 2014

Ended

At this address

Other companies at this address

Company	CBE no.
IMMOLIERE● Active	0895.962.769
Nyro Legal● Active	1029.211.768
O.D.N.S.● Active	0446.992.133
TURMS● Active	0864.598.315

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/02/2026	31/01/2025	31/01/2024	30/01/2023	10/02/2022	31/01/2021
General meeting	02/02/2026	31/01/2025	30/01/2024	30/01/2023	28/01/2022	29/01/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	02/02/2026	03/02/2026	French	PDF
Micro model	30/06/2024	31/01/2025	31/01/2025	French	PDF
Micro model	30/06/2023	30/01/2024	31/01/2024	French	PDF
Micro model	30/06/2022	30/01/2023	30/01/2023	French	PDF
Micro model	30/06/2021	28/01/2022	10/02/2022	French	PDF
Micro model	30/06/2020	29/01/2021	31/01/2021	French	PDF
Micro model	30/06/2019	29/01/2020	30/01/2020	French	PDF
Micro model	30/06/2018	07/02/2019	28/02/2019	French	PDF
Micro model	30/06/2017	30/01/2018	30/01/2018	French	PDF
Abridged model	30/06/2016	27/12/2016	12/01/2017	French	PDF
Abridged model	30/06/2015	15/12/2015	04/01/2016	French	PDF
Abridged model	30/06/2014	17/12/2014	05/01/2015	French	PDF
Abridged model	30/06/2013	25/09/2013	02/10/2013	French	PDF
Abridged model	30/06/2012	28/01/2013	28/01/2013	French	PDF
Abridged model	30/06/2011	13/12/2011	05/01/2012	French	PDF
Abridged model	30/06/2010	26/01/2011	07/02/2011	French	PDF
Abridged model	30/09/2009	29/03/2010	27/04/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 30/06/2025 · 2 active · 7 ended

Active mandates

David Ouvrard

Director · since 01 décembre 2019

Active

Edouard Sebline

Director · since 20 août 2008

Active

Ended mandates

David Ouvrard

Manager · since 01 décembre 2019

Ended

Paul Myers

Manager · since 31 décembre 2014 · until 30 septembre 2019

Ended

Paul Myers

Manager · since 31 décembre 2014 · until 30 décembre 2019

Ended

Paul Myers

Manager · since 01 janvier 2010 · until 30 décembre 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/09/2026
DEMISSIONS, NOMINATIONS, MODIFICATION FORME
PDF
Mandates24/12/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates16/01/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates13/11/2019
DEMISSIONS, NOMINATIONS
PDF
Other18/10/2018
DIVERS
PDF
Mandates07/04/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates12/02/2010
DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
PDF
Mandates01/02/2010
DEMISSIONS, NOMINATIONS
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 2025400,7 k €↑
2024
Annual accounts 2024210 k €↓
2023
Annual accounts 2023334,2 k €↑
2022
Annual accounts 2022268,1 k €↑
2020
Annual accounts 2020163,8 k €↓
2019
Annual accounts 2019269,3 k €↑
2018
Annual accounts 2018220,1 k €↑
2017
Annual accounts 2017148,9 k €↓
2016
Annual accounts 2016180,3 k €↑
2015
Annual accounts 2015129,7 k €↓
2014
Annual accounts 2014153,6 k €↑
2013
Annual accounts 2013144,5 k €↑
2012
Annual accounts 2012115,4 k €↓
2011
Annual accounts 2011126,5 k €↑
2010
Annual accounts 201062,1 k €↑
2009
Annual accounts 2009678,6 €
20/08/2008
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

ART SPEC

Overview

What does ART SPEC do?

Trend over 16 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