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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 144.1 to 129.1.
Financials
Financial year 2025
Ariston Benelux from Namur, company number BE0463518755, closed financial year 2025 with a result of € -2.8 million after tax. For that financial year Ariston Benelux recorded revenue of € 78.6 million and equity of € 19.9 million. Compared with financial year 2024, the result moved from € -3.7 million to € -2.8 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 4, 2026.
€ 19.9 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.8 million
▲ 25 % less loss than in 2024
Profit after tax over the fiscal year.
€ 341,740
▼ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4.8 million.
People and assets in 2025
129.1
▼ 10.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.6 million
€ 66,800 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.
€ 32,841
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.4 million
Loans from banks and other lenders, long and short.
€ 21.2 million
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 109 days on average.
€ 1.4 million
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 83,120,246 | € 86,042,698 | € 77,920,555 | € 78,611,117 | ▲ 1% |
| Profit after taxes | € -1,202,978 | € 42,042,731 | € -3,664,206 | € -2,763,884 | ▲ € 900,322 |
| Equity | € 12,825,928 | € 26,380,819 | € 22,704,234 | € 19,927,971 | ▼ 12% |
| Total debts | € 76,251,448 | € 50,637,296 | € 25,902,422 | € 24,977,768 | ▼ 4% |
| Cash | € 404,261 | € 402,097 | € 850,688 | € 341,740 | ▼ 60% |
| Land & buildings | € 2,485,737 | € 2,255,938 | € 2,102,316 | € 1,915,837 | ▼ 9% |
| Retained profit | € -2,291,977 | € 11,273,809 | € 7,609,603 | € 4,845,720 | ▼ 36% |
| Dividend | € 0 | € 28,476,945 | € 0 | € 0 | |
| Bank debt | € 3,256,147 | € 0 | € 0 | € 2,404,603 | |
| Balance sheet total | € 89,904,133 | € 77,873,145 | € 49,437,218 | € 45,545,817 | ▼ 8% |
| Employees (FTE) | 146.7 | 144.1 | 139.6 | 129.1 | ▼ 10.5 |
Key figures of Ariston Benelux, 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 Ariston Benelux?
What happened at Ariston Benelux in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gabriele MONTESI stepped down as director. NBB
- Pierre BONIFACE stepped down as director. NBB
- Raffaele BRANDI stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.8 million. Source: NBB ↗
- Gabriele MONTESI became a director. NBB
- Pierre BONIFACE became a director. NBB
- Raffaele BRANDI became a director. NBB
- New establishment in Namur. KBO
In short
From € 1.2 million loss in 2022 to € 2.8 million loss in 2025.
Paid € 243,828 in corporate taxes since 2022.
Best year ever: 2023, with € 42 million profit.
Paid out € 28.5 million in dividends to the owners in total.
Management
The shares are held by ARISTON HOLDING NV (100%). It owns 100% of ATAG HEATING BELGIUM itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2032
since 2024 · until 2030
Raffaele BRANDI
Director
since 2024 · until 2030
Shareholders
ARISTON HOLDING NV
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Rue Gabriel de Moriamé(ML) 11
5020 Namur
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
- 0463.518.755
- VAT number
- BE 0463.518.755
- Registered office
- Rue Gabriel de Moriamé(ML) 11, 5020 Namur
- Names & denominations
- Ariston Benelux
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 June 1998
- Peppol
- Active · Active since 7 Oct 2025
- Activities · NACE
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