A.R.D.I.
ActiveSummary
A.R.D.I. has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-54k) and a net result of €1k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 5% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-4
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.23 in 2024; short-term debt: 335.1% and cash: 87.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-235.1%
Return on assets
6.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8001 sector peers (2025).
NBB · sector comparisonPosition among 8001 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
29 d early
2023
29 d early
2022
34 d early
2021
16 d early
2020
4 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1k▼ 30.9%
2024 · €2k
2018: €4k
2019: €4k
2020: €-3k
2021: €4k
2022: €3k
2023: €-541
2024: €2k
2018 → 2025
Working capital
€-56k▲ 4.9%
2024 · €-59k
2018: €-65k
2019: €-64k
2020: €-66k
2021: €-62k
2022: €-65k
2023: €-63k
2024: €-59k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-60k-€-57k▲ 4.9%€-58k▼ 0.9%€-56k▲ 3.5%€-54k▲ 2.5%
Operating result€4k-€3k▼ 16.9%€-439€2k€2k▼ 25.5%
Net result€4k-€3k▼ 17.3%€-541€2k€1k▼ 30.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23k
Fixed assets
€2k ▼ 41.3%
Current assets
€21k ▲ 16.2%
Key figures and ratios
EBITDA
€3k▼
2024 · €4k
Cash flow
€3k▼
2024 · €4k
Solvency
-235.1%▲
2024 · -256.7%
Current ratio
0.27▲
2024 · 0.23
Debt to equity
-1.43▼
2024 · -1.39
ROA
6.1%▼
2024 · 9.3%
Interest coverage
14.14▼
2024 · 24.73
Debt
€77k=
2024 · €77k
Debt ≤ 1 year
€77k=
2024 · €77k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet
Code20242025
Assets
Total assets20/58€22k€23k▲
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Land and buildings22€4k€2k▼
Current assets29/58€18k€21k▲
Amounts receivable within one year40/41-€656
Other amounts receivable41-€656
Cash at bank and in hand54/58€17k€20k▲
Deferred charges and accrued income490/1€651-
Equity and liabilities
Total equity and liabilities10/49€22k€23k▲
Equity10/15€-56k€-54k▲
Contributions10/11€12k€12k=
Reserves13€1k€1k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€-69k€-68k▲
Amounts payable17/49€77k€77k=
Amounts payable within one year42/48€77k€77k=
Suppliers440/4-€0
Other amounts payable47/48€77k€77k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€5k€4k▼
Operating profit (loss)9901€2k€2k▼
Financial charges65/66B€149€221▲
Recurring financial charges65€149€221▲
Profit (loss) for the period before taxes9903€2k€1k▼
Profit (loss) for the period9904€2k€1k▼
Profit (loss) for the period to be appropriated9905€2k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-69k€-68k▲
Profit (loss) brought forward from the previous period14P€-71k€-69k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-3k ▼171%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €4k ▲13.9%
Operating result €5k, net result €4k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mouscron · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rijselsteenweg 4197700 MouscronGround area
608 m²
Building footprint
75 m²
Volume, LiDAR
617 m³
Parcel 54435D0192/00H005, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
A.R.D.I.
since 19962.077.502.448
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54435D0192/00H005 | Wallonia | 608 m² | 1 · 75 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
FRIGOTHERM
BE 0419.376.431
Mouscron
JIMEX ID
BE 0417.303.304
Mouscron
ABP BELUX
BE 0457.551.869
Braine-le-Comte
BABYLUX
BE 0456.168.036
Comines-Warneton
BBSA - EURO- TOP
BE 0472.910.137
Bernissart
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,170 companies in sector 46499 we hold annual accounts for 743. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-07-1996
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
47791Retail sale of antiques
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.