Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
A10 from Oudenburg, company number BE0890862549, closed financial year 2025 with a result of € -365,477 after tax. For that financial year A10 recorded revenue of € 512,992 and equity of € -149,760. Compared with financial year 2024, the result moved from € -736,847 to € -365,477. The company made a loss. 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 July 25, 2026.
€ -149,760
▼ € 365,477 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -365,477
▲ 50 % less loss than in 2024
Profit after tax over the fiscal year.
€ 66,160
▲ € 64,321 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -949,760.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 303,305
▼ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 369 days on average.
€ 26,094
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | - | € 185,804 | € 512,992 | ▲ 176% |
| Gross margin | € -125,309 | - | - | |
| Profit after taxes | € -528,525 | € -736,847 | € -365,477 | ▲ € 371,370 |
| Equity | € 952,564 | € 215,717 | € -149,760 | ▼ € 365,477 |
| Total debts | € 2,025,321 | € 4,662,829 | € 11,361,097 | ▲ 144% |
| Cash | € 5,285 | € 1,839 | € 66,160 | ▲ € 64,321 |
| Land & buildings | € 2,856,409 | € 4,749,284 | € 10,904,640 | ▲ 130% |
| Retained profit | € 152,564 | € -584,283 | € -949,760 | ▼ € 365,477 |
| Bank debt | € 1,260,000 | € 1,260,000 | € 0 | ▼ 100% |
| Balance sheet total | € 2,977,886 | € 4,878,546 | € 11,211,337 | ▲ 130% |
Key figures of A10, fiscal years 2023 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 A10?
What happened at A10 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MATTHIAS HOORNAERT 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 € 365,477. Source: NBB ↗
- ROBERT HOORNAERT became a director. NBB
- MATTHIAS HOORNAERT became a director. NBB
- PACT 14 BV became a director. NBB
- New establishment in Oudenburg. KBO
In short
From € 528,525 loss in 2023 to € 365,477 loss in 2025.
A new publication or filing at A10? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ARTES GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
A10The shares are held by ARTES GROUP (100%).
Directors
According to the 2025 annual accounts
ROBERT HOORNAERT
Director
Also active at: AELTERMAN, Artes Roegiers, ARTES GROUP, BEDRIJVENCENTRUM REGIO BRUGGE, Artes Uptech, GROUP Depré, Artes TWT, CAAAP +12 more
since 2023 · until 2030
MATTHIAS HOORNAERT
Managing director
Also active at: Artes Depret, AELTERMAN, Artes Roegiers, ARTES GROUP, Artes Woudenberg, Artes Uptech, CAAAP, Oleander +7 more
since 2023 · until 2030
Director · represented by KOEN VAN ACKER
Also active at: Artes Depret, Artes Roegiers, Artes Woudenberg, Artes Uptech, Artes TWT, Artes Prefab, Artes Projects, ARTES ENERGIES +1 more
since 2023 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Stationsstraat 50
8460 Oudenburg
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0890.862.549
- VAT number
- BE 0890.862.549
- Registered office
- Stationsstraat 50, 8460 Oudenburg
- Names & denominations
- A10
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 2007
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
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