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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARTHE from Soignies, company number BE0598978760, closed financial year 2025 with a result of € 50,200 after tax. For that financial year ARTHE recorded a gross margin of € 93,769 and equity of € -119,325. Compared with financial year 2024, the result moved from € 38,879 to € 50,200. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ -119,325
▲ € 50,200 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 50,200
▲ 29% vs 2024
Profit after tax over the fiscal year.
€ 5,518
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -279,325.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 61,948
▼ 39% vs 2024
€ 41,108 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 400
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 27,627 | € 44,442 | € 87,742 | € 93,769 | ▲ 7% |
| Profit after taxes | € -52,131 | € -8,597 | € 38,879 | € 50,200 | ▲ 29% |
| Equity | € -199,806 | € -208,403 | € -169,525 | € -119,325 | ▲ € 50,200 |
| Total debts | € 569,414 | € 549,495 | € 476,174 | € 386,266 | ▼ 19% |
| Cash | € 9,058 | € 3,392 | € 9,553 | € 5,518 | ▼ 42% |
| Land & buildings | € 294,047 | € 275,984 | € 257,922 | € 239,859 | ▼ 7% |
| Retained profit | € -359,806 | € -368,403 | € -329,525 | € -279,325 | ▲ € 50,200 |
| Bank debt | € 180,819 | € 141,924 | € 102,304 | € 61,948 | ▼ 39% |
| Balance sheet total | € 369,608 | € 341,092 | € 306,649 | € 266,941 | ▼ 13% |
Key figures of ARTHE, 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 ARTHE?
What happened at ARTHE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 50,200 (▲ 29% vs 2024). Source: NBB ↗
- New establishment in Soignies. KBO
- Start of the company according to the CBE. KBO
In short
From € 52,131 loss in 2022 to € 50,200 profit in 2025.
Paid € 98 in corporate taxes since 2022.
Best year ever: 2025, with € 50,200 profit.
Management
Behind ARTHE are Douglas François and Gwennaël Martin. The shares are held by Etablissements Bernard Martin.
Directors
According to the 2025 annual accounts
Douglas François
Director
Gwennaël Martin
Director
Also active at: BERNARD MARTIN TUBIZE, BERNARD MARTIN BRUSSELS, GWEN MANAGEMENT
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée du Roeulx 411
7062 Soignies
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0598.978.760
- VAT number
- BE 0598.978.760
- Registered office
- Chaussée du Roeulx 411, 7062 Soignies
- Names & denominations
- ARTHE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 February 2015
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Handel in eigen onroerend goed
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen