Financials
Financial year 2025
FINARTES from Ichtegem, company number BE0436759227, closed financial year 2025 with a result of € 226,410 after tax. For that financial year FINARTES recorded a gross margin of € 1.2 million and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 88,597 to € 226,410. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 1.3 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 226,410
▲ 156% vs 2024
Profit after tax over the fiscal year.
€ 436,539
▲ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 210,000 paid out
93 % of the profit went to the shareholders, mostly to VLEESWAREN DECORTE (100 % of the shares). That is where the money ends up.
People and assets in 2025
11.7
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 543,901
▲ 10% vs 2024
€ 46,500 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.
€ 30,505
▼ 41% vs 2024
Of which on lease € 18,276.
Debts at end 2025
€ 1.3 million
▲ 12% vs 2024
€ 247,191 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 333,028
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 84,136
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 785,516 | € 1,561,621 | € 877,270 | € 1,154,571 | ▲ 32% |
| Profit after taxes | € 69,126 | € 711,055 | € 88,597 | € 226,410 | ▲ 156% |
| Equity | € 692,414 | € 1,186,069 | € 1,335,894 | € 1,348,949 | ▲ 1% |
| Total debts | € 972,946 | € 1,968,368 | € 1,634,028 | € 1,992,062 | ▲ 22% |
| Cash | € 591,178 | € 366,216 | € 270,078 | € 436,539 | ▲ 62% |
| Land & buildings | € 319,297 | € 0 | - | - | |
| Retained profit | € 587,278 | € 1,121,393 | € 1,209,989 | € 1,226,400 | ▲ 1% |
| Dividend | € 40,000 | € 0 | € 0 | € 210,000 | |
| Bank debt | € 548,175 | € 1,452,186 | € 1,146,735 | € 1,282,064 | ▲ 12% |
| Balance sheet total | € 1,736,868 | € 3,251,406 | € 3,061,766 | € 3,427,723 | ▲ 12% |
| Employees (FTE) | 12.5 | 11.6 | 10.3 | 11.7 | ▲ 1.4 |
Key figures of FINARTES, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to FINARTES?
What happened at FINARTES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 226,410 (▲ 156% vs 2024). Source: NBB ↗
- New establishment in Ichtegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 69,126 profit in 2021 to € 226,410 profit in 2025.
Paid € 123,409 in corporate taxes since 2021.
Best year ever: 2023, with € 711,055 profit.
On average € 98,700 of value added per employee in 2025.
Management
The stake of VLEESWAREN DECORTE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FINARTESBehind FINARTES are Valerie Jonckheere and Vleeswaren Decorte BV. The shares are held by VLEESWAREN DECORTE (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Decorte Cederik
Also active at: VLEESGROOTHANDEL DECORTE
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Fabriekweg(EER) 13
8480 Ichtegem
Fabriekweg(EER) 11-13
8480 Ichtegem
Active since 27 February 1989
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.759.227
- VAT number
- BE 0436.759.227
- Registered office
- Fabriekweg(EER) 13, 8480 Ichtegem
- Names & denominations
- FINARTES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 January 1989
- Peppol
- Active · Active since 4 Dec 2025
- Contact
- 059299637
- Activities · NACE
Vervaardiging van verse vleeswaren en van vleesconserven
Vervaardiging van producten van vlees of van vlees van gevogelte