AARDEVOL
ActiveSummary
AARDEVOL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€91,661) and a net result of €32,398. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+38
Solvency0=
Growth38=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.09 in 2024; short-term debt: 105.9% and cash: 11% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-98.2%
Return on assets
34.7%
Age of the figures
12 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 18606 sector peers (2025).
NBB · sector comparisonPosition among 18606 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
17 d early
2023
7 d early
2022
36 d early
2021
39 d early
2020
37 d early
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 25 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€120,956▲ 79.8%
2024 · €67,273
EBIT margin
30.1%▲ 37.1pp
2024 · -7.0%
Net result
€32,398
2024 · -€8,838
Working capital
-€67,203▲ 28.6%
2024 · -€94,065
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€389,502▼ 17.2%€282,270▼ 27.5%€111,359▼ 60.5%€67,273▼ 39.6%€120,956▲ 79.8%
Operating result-€61,549▼ 61.2%€14,807-€10,367-€4,711▲ 54.6%€36,361
Net result-€67,610below the sector's middle half▼ 44.6%€9,667within the sector's middle half-€14,477below the sector's middle half-€8,838below the sector's middle half▲ 39.0%€32,398above the sector's middle half
EBIT margin-15.8%▼ 7.7pp5.2%▲ 21.0pp-9.3%▼ 14.6pp-7.0%▲ 2.3pp30.1%▲ 37.1pp
Equity-€110,413below the sector's middle half▼ 11.7%-€100,746below the sector's middle half▲ 8.8%-€115,221below the sector's middle half▼ 14.4%-€124,059below the sector's middle half▼ 7.7%-€91,661below the sector's middle half▲ 26.1%
Total assets€211,892below the sector's middle half▼ 13.9%€149,482within the sector's middle half▼ 29.5%€111,769within the sector's middle half▼ 25.2%€79,966within the sector's middle half▼ 28.5%€93,346within the sector's middle half▲ 16.7%
Debt€322,305▼ 6.6%€250,228▼ 22.4%€226,990▼ 9.3%€204,025▼ 10.1%€185,007▼ 9.3%
Working capital-€115,530below the sector's middle half▲ 36.3%-€83,356below the sector's middle half▲ 27.8%-€89,173below the sector's middle half▼ 7.0%-€94,065below the sector's middle half▼ 5.5%-€67,203below the sector's middle half▲ 28.6%
Solvency-52.1%below the sector's middle half▼ 11.9pp-67.4%below the sector's middle half▼ 15.3pp-103.1%below the sector's middle half▼ 35.7pp-155.1%below the sector's middle half▼ 52.1pp-98.2%below the sector's middle half▲ 56.9pp
Current ratio0.29below the sector's middle half▲ 0.070.25below the sector's middle half▼ 0.040.16below the sector's middle half▼ 0.090.09below the sector's middle half▼ 0.070.32below the sector's middle half▲ 0.23
Return on assets (ROA)-31.9%below the sector's middle half▼ 12.9pp6.5%within the sector's middle half▲ 38.4pp-13.0%below the sector's middle half▼ 19.4pp-11.1%below the sector's middle half▲ 1.9pp34.7%above the sector's middle half▲ 45.8pp
Staff (FTE)1below the sector's middle half▼ 68.8%2.5▲ 150%0.7▼ 72.0%0▼ 100%0
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €36,361 after a loss of €4,711 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,346
Fixed assets
€61,716 ▼ 12.9%
Current assets
€31,630 ▲ 248%
Key figures and ratios
EBITDA
€60,802▲
2024 · €19,128
Cash flow
€56,839▲
2024 · €15,001
Debt to equity
-2.02▼
2024 · -1.64
Interest coverage
15.34▲
2024 · 4.63
Debt ≤ 1 year
€98,833▼
2024 · €103,167
Debt > 1 year
€86,174▼
2024 · €100,858
Staff costs
€8,778▼
2024 · €10,228
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €389,502 | €282,270 | €111,359 | €67,273 | €120,956 | ▲ 79.8% |
| Goods, raw materials, services and sundry goods60/61 | - | €214,364 | €85,764 | €37,451 | €50,748 | ▲ 35.5% |
| Remuneration, social security and pensions62 | - | €27,810 | €11,460 | €10,228 | €8,778 | ▼ 14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,592 | €24,783 | €23,899 | €23,839 | €24,441 | ▲ 2.5% |
| Other operating charges640/8 | - | €506 | €603 | €465 | €628 | ▲ 35.1% |
| Gross operating margin9900 | €80,898 | €67,906 | €25,595 | €29,821 | €70,208 | ▲ 135% |
| Operating profit (loss)9901 | -€61,549 | €14,807 | -€10,367 | -€4,711 | €36,361 | ▲ 872% |
| Financial income75/76B | - | €261 | €840 | - | - | - |
| Recurring financial income75 | - | €261 | €840 | - | - | - |
| Non-recurring financial income76B | - | €261 | €840 | - | - | - |
| Financial charges65/66B | - | €5,401 | €4,950 | €4,127 | €3,963 | ▼ 4.0% |
| Recurring financial charges65 | €6,061 | €5,401 | €4,950 | €4,127 | €3,963 | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | -€67,610 | €9,667 | -€14,477 | -€8,838 | €32,398 | ▲ 467% |
| Profit (loss) for the period9904 | -€67,610 | €9,667 | -€14,477 | -€8,838 | €32,398 | ▲ 467% |
| Profit (loss) for the period to be appropriated9905 | -€67,610 | €9,667 | -€14,477 | -€8,838 | €32,398 | ▲ 467% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211,892 | €149,482 | €111,769 | €79,966 | €93,346 | ▲ 16.7% |
| Formation expenses20 | €0 | €0 | - | - | - | - |
| Fixed assets21/28 | €165,037 | €121,323 | €94,703 | €70,864 | €61,716 | ▼ 12.9% |
| Intangible fixed assets21 | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €164,678 | €120,964 | €94,344 | €70,505 | €61,357 | ▼ 13.0% |
| Land and buildings22 | - | €118,997 | €93,468 | €70,505 | €47,466 | ▼ 32.7% |
| Plant, machinery and equipment23 | - | €1,617 | €676 | €0 | €7,070 | - |
| Furniture and vehicles24 | - | €350 | €200 | €0 | €1,821 | - |
| Assets under construction and advance payments27 | - | - | - | - | €5,000 | - |
| Financial fixed assets28 | €359 | €359 | €359 | €359 | €359 | = |
| Current assets29/58 | €46,855 | €28,159 | €17,066 | €9,102 | €31,630 | ▲ 248% |
| Amounts receivable after more than one year29 | - | - | €0 | - | - | - |
| Trade receivables290 | - | - | €0 | - | - | - |
| Stocks and contracts in progress3 | €17,309 | €12,978 | €0 | - | - | - |
| Stocks30/36 | - | €12,978 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €18,405 | €10,097 | €9,189 | €7,009 | €21,329 | ▲ 204% |
| Trade receivables40 | - | €5,229 | €6,541 | €5,503 | €20,828 | ▲ 278% |
| Other amounts receivable41 | - | €4,868 | €2,648 | €1,506 | €501 | ▼ 66.7% |
| Cash at bank and in hand54/58 | €10,340 | €4,283 | €7,877 | €2,093 | €10,301 | ▲ 392% |
| Deferred charges and accrued income490/1 | - | €801 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211,892 | €149,482 | €111,769 | €79,966 | €93,346 | ▲ 16.7% |
| Equity10/15 | -€110,413 | -€100,746 | -€115,221 | -€124,059 | -€91,661 | ▲ 26.1% |
| Contributions10/11 | €227,070 | €227,070 | €227,070 | €227,070 | €227,070 | = |
| Capital10 | - | - | €227,070 | - | €227,070 | - |
| Issued capital100 | - | - | €227,070 | - | €227,070 | - |
| Profit (loss) carried forward14 | -€337,483 | -€327,816 | -€342,291 | -€351,129 | -€318,731 | ▲ 9.2% |
| Amounts payable17/49 | €322,305 | €250,228 | €226,990 | €204,025 | €185,007 | ▼ 9.3% |
| Amounts payable after more than one year17 | €159,920 | €138,713 | €120,751 | €100,858 | €86,174 | ▼ 14.6% |
| Financial debts170/4 | - | €138,713 | €120,751 | €100,858 | €86,174 | ▼ 14.6% |
| Amounts payable within one year42/48 | €162,385 | €111,515 | €106,239 | €103,167 | €98,833 | ▼ 4.2% |
| Financial debts43 | - | €21,223 | €20,294 | €18,600 | €15,434 | ▼ 17.0% |
| Credit institutions430/8 | - | €12,396 | €0 | - | - | - |
| Other loans439 | - | €8,827 | €20,294 | €18,600 | €15,434 | ▼ 17.0% |
| Trade debts44 | €47,795 | €24,445 | €9,308 | €2,051 | €4,804 | ▲ 134% |
| Suppliers440/4 | - | €24,445 | €9,308 | €2,051 | €4,804 | ▲ 134% |
| Taxes, remuneration and social security45 | - | €18,567 | €0 | €2,100 | - | - |
| Remuneration and social security454/9 | - | €18,567 | €0 | €2,100 | - | - |
| Other amounts payable47/48 | - | €47,280 | €76,637 | €80,416 | €78,595 | ▼ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€67,610 | €9,667 | -€14,477 | -€8,838 | €32,398 | ▲ 467% |
| + Depreciation and write-downs630 | €34,592 | €24,783 | €23,899 | €23,839 | €24,441 | ▲ 2.5% |
| Operating cash flow (approximation) | -€33,018 | €34,450 | €9,422 | €15,001 | €56,839 | ▲ 279% |
| Investment in fixed assets (approximation) | - | €18,931 | €2,721 | €0 | -€15,293 | - |
| Change in cash | - | -€6,057 | €3,594 | -€5,784 | €8,208 | ▲ 242% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
State Gazette act
Resignation: Geertje Stoffels (director)2 facts ▸
State Gazette act
Resignation: Geertje Stoffels (director)
2 facts ▸
- General meeting, 21-03-2024
- Director resignation, Geertje Stoffels (director)
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €32,398
Net result €32,398 after 2 loss-making years.
13-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €9,667
Net result €9,667 after 4 loss-making years.
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
30-09
Financial
Weakest financial yearnet -€88,073
Net result drops to -€88,073, the lowest in the series; recovery starts the following year.
15-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Tongeren-Borgloon · 1 establishment unit since 2014
Ground area
755 m²
Building footprint
315 m²
Volume, LiDAR
1,542 m³
Parcel 73046B0302/00G003, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kruisvindingsstraat 69, 3700 Tongeren-Borgloon
since 20142.233.268.117
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73046B0302/00G003 | Flanders | 755 m² | 1 · 315 m² | 9.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2024, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Geertje Stoffels |
|
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 1,050 EUR awarded · 1,050 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 700 EUR | 700 EUR |
| 2022 | 1 | 350 EUR | 350 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteTongeren-Borgloon2.233.268.117
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Of 3,823 companies in sector 47210 we hold annual accounts for 965. 768 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded09-07-2014
Fiscal year end30-09
Activities, NACEBEL 2025
47210Retail sale of fruit and vegetables
01110Growing of cereals (except rice), leguminous crops and oil seeds
01130Growing of vegetables, melons, roots and tubers
46319Wholesale of fruit and vegetables, excluding potatoes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0556640636
Also
9925:BE0556640636
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.