Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 9.9 to 7.9.
Financials
Financial year 2025
PALL ARTELIS from Hoegaarden, company number BE0875485178, closed financial year 2025 with a result of € 3.7 million after tax. Compared with financial year 2024, the result moved from € 8.1 million to € 3.7 million. The company is profitable. 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 18, 2026.
€ 6.3 million
▼ 46% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.7 million
▼ 54% vs 2024
Profit after tax over the fiscal year.
€ 9 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
7.9
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▲ 51% vs 2024
€ 206,100 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.1 million
▲ € 1.6 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 210 days on average.
€ 167,147
▼ 44% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 7,424,682 | € 6,542,999 | € 8,083,078 | € 3,720,562 | ▼ 54% |
| Equity | € 13,950,116 | € 8,493,115 | € 11,576,193 | € 6,296,756 | ▼ 46% |
| Total debts | € 442,520 | € 13,676,224 | € 5,800,929 | € 11,888,721 | ▲ 105% |
| Cash | € 12,020,090 | € 13,846,422 | - | - | |
| Retained profit | € 8,050,100 | € 2,593,099 | € 5,676,177 | € 396,740 | ▼ 93% |
| Dividend | € 14,000,000 | € 12,000,000 | € 5,000,000 | € 9,000,000 | ▲ 80% |
| Balance sheet total | € 14,392,636 | € 22,169,339 | € 17,377,123 | € 18,185,477 | ▲ 5% |
| Employees (FTE) | 9.7 | 9.9 | 8.4 | 7.9 | ▼ 0.5 |
Key figures of PALL ARTELIS, 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 PALL ARTELIS?
What happened at PALL ARTELIS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.7 million (▼ 54% vs 2024). Source: NBB ↗
- Steven Vanhamel became a director. NBB
- Sylvia Steenwinckel became a director. NBB
- Bart Van Aken became a director. NBB
- New establishment in Hoegaarden. KBO
- Start of the company according to the CBE. KBO
In short
From € 7.4 million profit in 2022 to € 3.7 million profit in 2025.
Paid € 286,822 in corporate taxes since 2022.
Best year ever: 2024, with € 8.1 million profit.
Paid out € 40 million in dividends to the owners in total.
Management
Behind PALL ARTELIS are Bart Van Aken, Sylvia Steenwinckel and Steven Vanhamel. The shares are held by Pall Life Sciences BV (100%).
Directors
According to the 2025 annual accounts
since 2018
since 2019
since 2021
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Reugelstraat 2
3320 Hoegaarden
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0875.485.178
- VAT number
- BE 0875.485.178
- Registered office
- Reugelstraat 2, 3320 Hoegaarden
- Names & denominations
- PALL ARTELIS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 August 2005
- Peppol
- Active · Active since 4 Feb 2026
- Activities · NACE
Speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Speur- en ontwikkelingswerk op biotechnologisch gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Vervaardiging van kunststofartikelen voor de bouw
Vervaardiging van kunststofelementen voor de bouw