Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Artes Woudenberg from Brugge, company number BE0423264646, closed financial year 2025 with a result of € 3.4 million after tax. For that financial year Artes Woudenberg recorded revenue of € 30 million and equity of € 4.9 million. Compared with financial year 2024, the result moved from € 519,681 to € 3.4 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 4.9 million
▲ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.4 million
▲ € 2.9 million vs 2024
Profit after tax over the fiscal year.
€ 1.6 million
▼ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2.5 million paid out
74 % of the profit went to the shareholders, mostly to ARTES GROUP (100 % of the shares). That is where the money ends up.
People and assets in 2025
123.3
▲ 5.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.8 million
▲ 13% vs 2024
€ 71,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 629,884
▲ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.8 million
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 72 days on average.
€ 595,678
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 40,312,315 | € 15,071,665 | € 15,047,510 | € 29,990,609 | ▲ 99% |
| Profit after taxes | € 4,996,080 | € 1,071,425 | € 519,681 | € 3,374,908 | ▲ € 2.9 million |
| Equity | € 5,269,965 | € 5,504,390 | € 4,044,071 | € 4,916,979 | ▲ 22% |
| Total debts | € 7,992,170 | € 10,441,023 | € 14,299,725 | € 16,461,698 | ▲ 15% |
| Cash | € 1,756,030 | € 1,836,546 | € 4,033,508 | € 1,614,441 | ▼ 60% |
| Land & buildings | € 2,886,896 | € 4,051,369 | € 3,908,499 | € 3,729,005 | ▼ 5% |
| Retained profit | € 4,269,965 | € 4,504,390 | € 3,044,071 | € 3,916,979 | ▲ 29% |
| Dividend | € 2,565,000 | € 837,000 | € 1,980,000 | € 2,502,000 | ▲ 26% |
| Balance sheet total | € 13,378,535 | € 16,052,104 | € 18,441,297 | € 21,502,374 | ▲ 17% |
| Employees (FTE) | 103.4 | 109.2 | 118.2 | 123.3 | ▲ 5.1 |
Key figures of Artes Woudenberg, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Artes Woudenberg?
What happened at Artes Woudenberg in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Robert Ir. HOORNAERT stepped down as director. NBB
- ELCONSTRUCT BV stepped down as director. NBB
- Matthias HOORNAERT stepped down as director. NBB
- PACT 14 BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.4 million (▲ € 2.9 million vs 2024). Source: NBB ↗
- Robert Ir. HOORNAERT became a director. NBB
- ELCONSTRUCT BV became a director. NBB
- Matthias HOORNAERT became a director. NBB
In short
From € 5 million profit in 2022 to € 3.4 million profit in 2025.
Paid € 3.7 million in corporate taxes since 2022.
Best year ever: 2022, with € 5 million profit.
Paid out € 7.9 million in dividends to the owners in total.
Management
The stake of ARTES GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Artes WoudenbergThe shares are held by ARTES GROUP (100%).
Directors
According to the 2025 annual accounts
Robert Ir. HOORNAERT
Director
since 2025 · until 2028
Managing director · represented by Johan Van Overwalle
Also active at: Artes Depret, AELTERMAN, Artes Roegiers, Artes Uptech, Artes TWT, AELTERMAN CONTRACTING & ENGINEERING, Artes Prefab, Artes Projects
since 2025 · until 2028
Matthias HOORNAERT
Director
Also active at: Artes Depret, AELTERMAN, Artes Roegiers, ARTES GROUP, Artes Uptech, CAAAP, Oleander, Artes Terra +7 more
since 2025 · until 2028
Director · represented by Jan De Moor
Also active at: Artes Depret, Artes Roegiers, Artes Uptech, Artes TWT, Artes Prefab, Artes Projects, A10, ARTES ENERGIES +1 more
since 2025 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Lieven Bauwensstraat 42
8200 Brugge
Steenhoevestraat 4
2800 Mechelen
Active since 1 November 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.264.646
- VAT number
- BE 0423.264.646
- Registered office
- Lieven Bauwensstraat 42, 8200 Brugge
- Names & denominations
- Artes Woudenberg
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 1982
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
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Overige gespecialiseerde bouwactiviteiten, neg
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen
Restaureren van bouwwerken