Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 54.2 to 46.7.
Financials
Financial year 2025
Artes Uptech from Oudenburg, company number BE0435471305, closed financial year 2025 with a result of € -266,759 after tax. For that financial year Artes Uptech recorded revenue of € 19.8 million and equity of € 2.5 million. Compared with financial year 2024, the result moved from € -875,263 to € -266,759. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 2.5 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -266,759
▲ 70 % less loss than in 2024
Profit after tax over the fiscal year.
€ 753,662
▲ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.7 million.
People and assets in 2025
46.7
▼ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▲ 6% vs 2024
€ 68,600 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.
€ 351,511
▲ 71% 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.
€ 3.4 million
▲ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 73 days on average.
€ 111,817
▼ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,384,819 | € 16,772,322 | € 8,598,347 | € 19,800,572 | ▲ 130% |
| Profit after taxes | € 786,671 | € 1,156,209 | € -875,263 | € -266,759 | ▲ € 608,505 |
| Equity | € 3,116,056 | € 3,659,515 | € 2,784,252 | € 2,517,493 | ▼ 10% |
| Total debts | € 3,461,754 | € 3,087,872 | € 3,086,544 | € 5,429,306 | ▲ 76% |
| Cash | € 1,068,240 | € 1,329,461 | € 638,202 | € 753,662 | ▲ 18% |
| Land & buildings | - | - | - | € 16,040 | |
| Retained profit | € 2,316,056 | € 2,859,515 | € 1,984,252 | € 1,717,493 | ▼ 13% |
| Dividend | € 390,225 | € 612,750 | € 0 | € 0 | |
| Bank debt | € 4,670 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 6,679,191 | € 6,868,984 | € 5,966,153 | € 8,100,304 | ▲ 36% |
| Employees (FTE) | 53.7 | 54.2 | 50.3 | 46.7 | ▼ 3.6 |
Key figures of Artes Uptech, 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 Uptech?
What happened at Artes Uptech in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ELCONSTRUCT BV stepped down as director. NBB
- ROBERT HOORNAERT stepped down as director. NBB
- PACT 14 BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 266,759. Source: NBB ↗
- ELCONSTRUCT BV became a director. NBB
- ROBERT HOORNAERT became a director. NBB
- PACT 14 BV became a director. NBB
- New establishment in Oudenburg. KBO
In short
From € 786,671 profit in 2022 to € 266,759 loss in 2025.
Paid € 701,193 in corporate taxes since 2022.
Best year ever: 2023, with € 1.2 million profit.
Paid out € 1 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 UptechThe shares are held by ARTES GROUP (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Johan Van Overwalle
Also active at: Artes Depret, AELTERMAN, Artes Roegiers, Artes Woudenberg, Artes TWT, AELTERMAN CONTRACTING & ENGINEERING, Artes Prefab, Artes Projects
since 2025 · until 2028
ROBERT HOORNAERT
Director
Also active at: AELTERMAN, Artes Roegiers, ARTES GROUP, BEDRIJVENCENTRUM REGIO BRUGGE, GROUP Depré, Artes TWT, CAAAP, Oleander +12 more
since 2025 · until 2028
Director · represented by Matthias HOORNAERT
Also active at: Artes Depret, Artes Roegiers, Artes Woudenberg, 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
Stationsstraat 56
8460 Oudenburg
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
- 0435.471.305
- VAT number
- BE 0435.471.305
- Registered office
- Stationsstraat 56, 8460 Oudenburg
- Names & denominations
- Artes Uptech
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 October 1988
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Installatie van verwarming, klimaatregeling en ventilatie
Overig loodgieterswerk
Sanitaire werkzaamheden