ARD
The computed 12-month bankruptcy probability of ARD is 2.6% (moderate). The 2025 annual accounts show equity of €15k and a net result of €-7k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 221 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €15k |
| Net result | €-7k |
| Better than sector | 50% |
| Active | 4 yrs |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 39.9% | 39.4% | |
| Net result | €-7k | €15k | |
| Equity | €15k | €46k | |
| Gross operating margin | €6k | €41k | |
| Staff costs | €-206 | €27k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €4k |
| Net profit | €-7k |
| Cash flow | €-863 |
| Staff costs | €-206 |
| Income taxes | €265 |
| Dividends | - |
| Total assets | €37k |
| Equity | €15k |
| Debt | €22k |
| of which ≤ 1y | €22k |
| of which > 1y | - |
| Working capital | €12k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 1.56 |
| Quick ratio | 1.56 |
| Working capital ratio | 33.5% |
| Solvency | 39.9% |
| Debt / equity | 1.51 |
| Long-term debt ratio | - |
| Interest coverage | 0.86 |
| Gross margin | - |
| Net margin | - |
| ROA | -19.6% |
| ROE | -49.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €37k |
| Fixed assets | 21/28 | €2k |
| Tangible fixed assets | 22/27 | €2k |
| Financial fixed assets | 28 | €566 |
| Current assets | 29/58 | €34k |
| Amounts receivable within one year | 40/41 | €30k |
| Cash & bank | 54/58 | €888 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €37k |
| Equity | 10/15 | €15k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €19k |
| Accumulated profits (losses) | 14 | €-7k |
| Amounts payable | 17/49 | €22k |
| Amounts payable within one year | 42/48 | €22k |
| Trade debts payable within one year | 44 | €17k |
| Income statement | ||
| Gross operating margin | 9900 | €6k |
| Operating result | 9901 | €-3k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €-7k |
| Income taxes | 67/77 | €265 |
| Net result for the period | 9904 | €-7k |
| Result to be appropriated | 9905 | €-7k |
| NACE primary | 25401 |
| Legal form | Private limited company(610) |
| Incorporation | 01-09-2021 |
| Status | Active |
| Postal code | 5070 |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
16-01-2025 Discharge granted to the board
Technical details
{
"events": [
{
"kind": "decharge_granted",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Am\u00E9lie Detelle",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "confirmation",
"via_org": null,
"statutory": "statutair",
"compensated": false,
"effective_date": "2024-12-01",
"evidence_quote": "Elle d\u00E9cide, \u00E0 l\u0027unanimit\u00E9 des voix, que le mandat d\u0027administratrice de Madame Am\u00E9lie Detelle sera exerc\u00E9 \u00E0 titre gratuit \u00E0 partir du 1er d\u00E9cembre 2024.",
"decharge_status": "granted",
"mandate_duration": {
"kind": "until_date",
"value": "2024-12-01"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Li\u00E8ge",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2025-01-16",
"filing_date": "2025-01-07",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "assembl\u00E9e g\u00E9n\u00E9rale extraordinaire",
"date": "2024-12-16",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0773.383.770",
"name_full": "ARD",
"legal_form": "SRL",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Rapha\u00EBl DRICOT",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}03-07-2023 Registered office moved from Mettet to Fosses-la-Ville
- Rue du Centenaire, St-Gérard 23 - 5640 Mettet - Belgique → Rue Jule-Demeuse n° 6 à Fosses-la-Ville (BE - 5070)
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Rue Jule-Demeuse n\u00B0 6 \u00E0 Fosses-la-Ville (BE - 5070)",
"city": "Fosses-la-Ville",
"region": "waals_gewest",
"street": "Rue Jule-Demeuse",
"country": "BE",
"postcode": "5070",
"box_number": null,
"street_number": "6",
"locality_suffix": null
},
"old_address": {
"raw": "Rue du Centenaire, St-G\u00E9rard 23 - 5640 Mettet - Belgique",
"city": "Mettet",
"region": "waals_gewest",
"street": "Rue du Centenaire",
"country": "BE",
"postcode": "5640",
"box_number": null,
"street_number": "23",
"locality_suffix": "(H-G)"
},
"effective_date": "2023-02-15",
"evidence_quote": "Les administrateurs d\u00E9cident de transf\u00E9rer le si\u00E8ge de la soci\u00E9t\u00E9, avec effet au 15 f\u00E9vrier 2023 de l\u0027adresse suivante: Rue du Centenaire n\u00B0 23 \u00E0 Saint-G\u00E9rard (BE - 5640) vers l\u0027adresse suivante: Rue Jule-Demeuse n\u00B0 6 \u00E0 Fosses-la-Ville (BE - 5070).",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2023-06-22",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2023-02-15",
"unanimous": true
},
"subject_company": {
"kbo": "0773.383.770",
"name_full": "ARD",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Rapha\u00EBl Dricot",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": [
"Annexes du Moniteur belge"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | ARD |