ARD Conception'S
ActiveSummary
The computed 12-month bankruptcy probability of ARD Conception'S is 3.4% (moderate). The 2024 annual accounts show negative equity (-€40,454) and a net result of €38,755. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 36381 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.4 in 2023; short-term debt: 166.8% and cash: 9.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024Solvency, return and age of the figures
Solvency
-72.5%
Return on assets
69.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 36381 sector peers (2024).
NBB · sector comparisonPosition among 36381 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
74 d late
2023
94 d late
2022
76 d late
2021
208 d late
2020
107 d late
2019
102 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 110 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€40,454▲ 48.9%
2023 · -€79,209
Total assets
€55,797▼ 9.9%
2023 · €61,920
Net result
€38,755
2023 · -€14,059
Working capital
-€41,904▲ 46.8%
2023 · -€78,740
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Operating result-€12,482-€79,915▼ 540%-€34,601▲ 56.7%-€9,151▲ 73.6%€43,217
Net result-€12,859below the sector's middle half-€81,247below the sector's middle half▼ 532%-€32,505below the sector's middle half▲ 60.0%-€14,059below the sector's middle half▲ 56.7%€38,755above the sector's middle half
Equity€48,603within the sector's middle half▼ 20.9%-€32,644below the sector's middle half-€65,150below the sector's middle half▼ 99.6%-€79,209below the sector's middle half▼ 21.6%-€40,454below the sector's middle half▲ 48.9%
Total assets€79,222within the sector's middle half▼ 15.0%€113,899within the sector's middle half▲ 43.8%€50,833below the sector's middle half▼ 55.4%€61,920below the sector's middle half▲ 21.8%€55,797below the sector's middle half▼ 9.9%
Debt€30,619▼ 3.6%€146,543▲ 379%€115,982▼ 20.9%€141,129▲ 21.7%€96,251▼ 31.8%
Working capital€26,636within the sector's middle half▼ 9.0%-€33,415below the sector's middle half-€56,177below the sector's middle half▼ 68.1%-€78,740below the sector's middle half▼ 40.2%-€41,904below the sector's middle half▲ 46.8%
Solvency61.3%within the sector's middle half▼ 4.6pp-28.7%below the sector's middle half▼ 90.0pp-128.2%below the sector's middle half▼ 99.5pp-127.9%below the sector's middle half▲ 0.2pp-72.5%below the sector's middle half▲ 55.4pp
Current ratio1.87within the sector's middle half▼ 0.080.73below the sector's middle half▼ 1.140.44below the sector's middle half▼ 0.290.40below the sector's middle half▼ 0.040.55below the sector's middle half▲ 0.15
Return on assets (ROA)-16.2%below the sector's middle half▼ 69.7pp-71.3%below the sector's middle half▼ 55.1pp-63.9%below the sector's middle half▲ 7.4pp-22.7%below the sector's middle half▲ 41.2pp69.5%above the sector's middle half▲ 92.2pp
Staff (FTE)6.6above the sector's middle half8.5▲ 28.8%5.9▼ 30.6%3.8▼ 35.6%3▼ 21.1%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €43,217 after a loss of €9,151 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55,797
Fixed assets
€4,658 ▼ 45.4%
Current assets
€51,138 ▼ 4.2%
Key figures and ratios
EBITDA
€45,240▲
2023 · -€7,963
Cash flow
€40,778▲
2023 · -€12,871
Debt to equity
-2.38▼
2023 · -1.78
Interest coverage
10.71▲
2023 · -1.71
Debt ≤ 1 year
€93,043▼
2023 · €132,129
Debt > 1 year
€3,208▼
2023 · €9,000
Income taxes
€238▼
2023 · €250
Staff costs
€199,507▼
2023 · €200,262
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,180 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €408,064 | €308,957 | €200,262 | €199,507 | ▼ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,238 | €12,246 | €5,282 | €1,188 | €2,023 | ▲ 70.3% |
| Other operating charges640/8 | - | €9,913 | €20,863 | €7,283 | €6,413 | ▼ 11.9% |
| Non-recurring operating charges66A | - | €8,391 | €17,047 | €5,055 | €2,174 | ▼ 57.0% |
| Gross operating margin9900 | €287,740 | €358,698 | €317,547 | €204,637 | €253,334 | ▲ 23.8% |
| Operating profit (loss)9901 | -€12,482 | -€79,915 | -€34,601 | -€9,151 | €43,217 | ▲ 572% |
| Financial income75/76B | - | €36 | €5,690 | - | - | - |
| Recurring financial income75 | - | €36 | €8 | - | - | - |
| Non-recurring financial income76B | - | - | €5,683 | - | - | - |
| Financial charges65/66B | - | €1,092 | €3,327 | €4,658 | €4,224 | ▼ 9.3% |
| Recurring financial charges65 | €320 | €1,092 | €3,327 | €4,658 | €4,224 | ▼ 9.3% |
| Profit (loss) for the period before taxes9903 | -€12,859 | -€80,971 | -€32,238 | -€13,809 | €38,993 | ▲ 382% |
| Income taxes67/77 | - | €276 | €268 | €250 | €238 | ▼ 4.9% |
| Profit (loss) for the period9904 | -€12,859 | -€81,247 | -€32,505 | -€14,059 | €38,755 | ▲ 376% |
| Profit (loss) for the period to be appropriated9905 | -€12,859 | -€81,247 | -€32,505 | -€14,059 | €38,755 | ▲ 376% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79,222 | €113,899 | €50,833 | €61,920 | €55,797 | ▼ 9.9% |
| Fixed assets21/28 | €21,966 | €21,771 | €6,028 | €8,531 | €4,658 | ▼ 45.4% |
| Tangible fixed assets22/27 | €21,966 | €17,721 | €1,978 | €4,481 | €2,458 | ▼ 45.1% |
| Furniture and vehicles24 | - | €17,721 | €1,978 | €4,481 | €2,458 | ▼ 45.1% |
| Financial fixed assets28 | - | €4,050 | €4,050 | €4,050 | €2,200 | ▼ 45.7% |
| Current assets29/58 | €57,256 | €92,128 | €44,805 | €53,388 | €51,138 | ▼ 4.2% |
| Stocks and contracts in progress3 | - | €40,500 | - | - | - | - |
| Stocks30/36 | - | €40,500 | - | - | - | - |
| Amounts receivable within one year40/41 | €45,530 | €48,460 | €41,260 | €51,209 | €44,706 | ▼ 12.7% |
| Trade receivables40 | - | €41,449 | €32,019 | €46,833 | €23,394 | ▼ 50.0% |
| Other amounts receivable41 | - | €7,011 | €9,241 | €4,376 | €21,313 | ▲ 387% |
| Cash at bank and in hand54/58 | €8,237 | €107 | €440 | €1,311 | €5,253 | ▲ 301% |
| Deferred charges and accrued income490/1 | - | €3,061 | €3,105 | €868 | €1,179 | ▲ 35.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79,222 | €113,899 | €50,833 | €61,920 | €55,797 | ▼ 9.9% |
| Equity10/15 | €48,603 | -€32,644 | -€65,150 | -€79,209 | -€40,454 | ▲ 48.9% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €49,000 | €49,000 | €49,000 | €49,000 | €49,000 | = |
| Non-distributable reserves130/1 | - | €49,000 | €49,000 | €49,000 | €49,000 | = |
| Reserves not available under the articles1311 | - | €49,000 | €49,000 | €49,000 | €49,000 | = |
| Profit (loss) carried forward14 | -€12,797 | -€94,044 | -€126,550 | -€140,609 | -€101,854 | ▲ 27.6% |
| Amounts payable17/49 | €30,619 | €146,543 | €115,982 | €141,129 | €96,251 | ▼ 31.8% |
| Amounts payable after more than one year17 | - | €21,000 | €15,000 | €9,000 | €3,208 | ▼ 64.4% |
| Financial debts170/4 | - | €21,000 | €15,000 | €9,000 | €3,208 | ▼ 64.4% |
| Amounts payable within one year42/48 | €30,619 | €125,543 | €100,982 | €132,129 | €93,043 | ▼ 29.6% |
| Current portion of amounts payable after more than one year42 | - | €6,000 | €6,000 | €6,000 | €6,273 | ▲ 4.6% |
| Financial debts43 | - | €30,000 | €29,997 | €29,997 | €32,727 | ▲ 9.1% |
| Credit institutions430/8 | - | €30,000 | €29,997 | €29,997 | €32,727 | ▲ 9.1% |
| Trade debts44 | €20,935 | €58,000 | €54,642 | €61,371 | €53,554 | ▼ 12.7% |
| Suppliers440/4 | - | €58,000 | €54,642 | €61,371 | €53,554 | ▼ 12.7% |
| Advances received on contracts in progress46 | - | - | - | €811 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €29,989 | €10,343 | €12,052 | €488 | ▼ 95.9% |
| Taxes450/3 | - | €1,752 | €1,379 | €1,383 | €488 | ▼ 64.7% |
| Remuneration and social security454/9 | - | €28,237 | €8,965 | €10,669 | - | - |
| Other amounts payable47/48 | - | €1,553 | - | €21,897 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,859 | -€81,247 | -€32,505 | -€14,059 | €38,755 | ▲ 376% |
| + Depreciation and write-downs630 | €12,238 | €12,246 | €5,282 | €1,188 | €2,023 | ▲ 70.3% |
| Operating cash flow (approximation) | -€620 | -€69,001 | -€27,224 | -€12,871 | €40,778 | ▲ 417% |
| Investment in fixed assets (approximation) | - | -€12,050 | €10,461 | -€3,692 | €1,850 | ▲ 150% |
| Change in cash | - | -€8,130 | €333 | €871 | €3,941 | ▲ 353% |
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
31-12
Financial
Back to profitnet €38,755
Net result €38,755 after 4 loss-making years.
02-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 94 days late
2023
15-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 76 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 208 days late
2021
31-12
Financial
Weakest financial yearnet -€81,247
Net result drops to -€81,247, the lowest in the series; recovery starts the following year.
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Héron · 1 establishment unit since 2018
Ground area
1,186 m²
Building footprint
21 m²
Volume, LiDAR
86 m³
2 parcels, Wallonia · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARD Conception'S
since 20182.284.603.089
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61039B0045/00H002 | Wallonia | 699 m² | - | - |
| 61015C1132/00C000 | Wallonia | 487 m² | 1 · 21 m² | 7.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,386 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43120Site preparation
43343Specialised construction activities
77110Renting and leasing of cars and light motor vehicles
77210Renting and leasing of sports and recreation goods
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0716716073
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.