ARDAL PHARMA has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €789k and a net result of €60k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 31662 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
25 d late
2023
33 d early
2022
29 d early
2021
19 d early
2020
4 d early
2019
10 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€789k▲ 8.2%
2024 · €729k
2018: €367k
2019: €447k
2020: €504k
2021: €563k
2022: €618k
2023: €671k
2024: €729k
2018 → 2025
Total assets
€1.22M▼ 1.6%
2024 · €1.24M
2018: €1.25M
2019: €1.28M
2020: €1.26M
2021: €1.26M
2022: €1.25M
2023: €1.24M
2024: €1.24M
2018 → 2025
Net result
€60k▲ 2.4%
2024 · €58k
2018: €60k
2019: €90k
2020: €57k
2021: €59k
2022: €56k
2023: €53k
2024: €58k
2018 → 2025
Working capital
€-89k▼ 21.1%
2024 · €-74k
2018: €-42k
2019: €-25k
2020: €-30k
2021: €-36k
2022: €-48k
2023: €-63k
2024: €-74k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€563k-€618k▲ 9.9%€671k▲ 8.5%€729k▲ 8.7%€789k▲ 8.2%
Operating result€88k-€83k▼ 4.8%€79k▼ 5.2%€80k▲ 1.7%€82k▲ 1.5%
Net result€59k-€56k▼ 5.3%€53k▼ 5.3%€58k▲ 10.3%€60k▲ 2.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.22M
Fixed assets
€1.20M▲ 0.1%
Current assets
€15k▼ 58.6%
Equity and liabilities €1.22M
Equity
€789k▲ 8.2%
Debt
€429k▼ 15.6%
The debt ratio falls from 41.1% to 35.2%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
64.8%▲
2024 · 58.9%
ROE
7.6%▼
2024 · 8.0%
ROA
4.9%▲
2024 · 4.7%
Debt
€429k▼
2024 · €509k
Debt ≤ 1 year
€104k▼
2024 · €109k
Debt > 1 year
€325k▼
2024 · €399k
Income taxes
€16k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.24M€1.22M▼
Fixed assets21/28€1.20M€1.20M▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€1k€902▼
Furniture and vehicles24€1k€3k▲
Financial fixed assets28€1.20M€1.20M=
Current assets29/58€36k€15k▼
Amounts receivable within one year40/41€26k€14k▼
Trade receivables40-€14k
Other amounts receivable41€26k€38▼
Cash at bank and in hand54/58€9k-
Deferred charges and accrued income490/1€614€686▲
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.22M▼
Equity10/15€729k€789k▲
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€772€772=
Profit (loss) carried forward14€708k€768k▲
Amounts payable17/49€509k€429k▼
Amounts payable after more than one year17€399k€325k▼
Financial debts170/4€399k€325k▼
Amounts payable within one year42/48€109k€104k▼
Current portion of amounts payable after more than one year42€82k€85k▲
Financial debts43€13€3k▲
Credit institutions430/8€13€3k▲
Trade debts44€956€2k▲
Suppliers440/4€956€2k▲
Advances received on contracts in progress46€18k-
Taxes, remuneration and social security45€556€6k▲
Taxes450/3€556€1k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48€8k€8k▲
Accrued charges and deferred income492/3€540€323▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€996▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€84k€84k▲
Operating profit (loss)9901€80k€82k▲
Financial income75/76B€608€13▼
Recurring financial income75€608€13▼
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€73k€75k▲
Income taxes67/77€15k€16k▲
Profit (loss) for the period9904€58k€60k▲
Profit (loss) for the period to be appropriated9905€58k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906€708k€768k▲
Profit (loss) brought forward from the previous period14P€650k€708k▲
The notes to these accounts (10 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €53k ▼5.3%
Net result drops to €53k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500kEq €504k ▲12.8%
3 profitable years in a row build equity to €504k.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
31-12
Financial
Highest result since 2018net €90k ▲49.2%
Operating result €119k, net result €90k, both a record.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Jette · 1 establishment unit since 2012
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.
Firmin Lecharlierlaan 1341090 JetteGround area
134 m²
Building footprint
95 m²
Volume, LiDAR
787 m³
Parcel 21464D0077/00P005, Brussels · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Firmin Lecharlierlaan 134, 1090 Jette
since 20122.207.637.153
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0077/00P005 | Brussels | 134 m² | 1 · 95 m² | 11.5 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.
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 30,377 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-02-2012
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
47730Retail sale of pharmaceutical products
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.