ARDALI
ActiveSummary
The computed 12-month bankruptcy probability of ARDALI is 2.8% (moderate). The 2025 annual accounts show equity of €45k and a net result of €-5k. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 7777 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-3
Solvency85▲+12
Growth32=
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.44 in 2024; short-term debt: 40.2% of total assets), and 40.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 43
higher
← 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
59.8%
Return on assets
-6.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
23 d late
← 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
Equity
€45k▼ 9.8%
2024 · €49k
2023: €53k
2024: €49k
2023 → 2025
Total assets
€75k▼ 27.2%
2024 · €102k
2023: €104k
2024: €102k
2023 → 2025
Net result
€-5k▼ 33.1%
2024 · €-4k
2023: €48k
2024: €-4k
2023 → 2025
Working capital
€16k▼ 11.0%
2024 · €18k
2023: €31k
2024: €18k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€53k-€49k▼ 6.9%€45k▼ 9.8%
Operating result€63k-€-3k€-3k▲ 16.5%
Net result€48k-€-4k€-5k▼ 33.1%
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 stays negative: a loss of €3k in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75k
Fixed assets
€29k ▼ 34.7%
Current assets
€46k ▼ 21.5%
Equity and liabilities €75k
Equity
€45k ▼ 9.8%
Debt
€30k ▼ 43.5%
Debt's share of the balance-sheet total falls from 51.7% to 40.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▲
2024 · €14k
Cash flow
€14k▲
2024 · €14k
Current ratio
1.53▲
2024 · 1.44
Debt to equity
0.67▼
2024 · 1.07
ROE
-10.9%▼
2024 · -7.4%
ROA
-6.5%▼
2024 · -3.6%
Interest coverage
7.08▲
2024 · 6.80
Debt ≤ 1 year
€30k▼
2024 · €41k
Income taxes
€-88▲
2024 · €-291
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€102k€75k▼
Fixed assets21/28€44k€29k▼
Tangible fixed assets22/27€44k€27k▼
Plant, machinery and equipment23€12k€10k▼
Furniture and vehicles24€32k€17k▼
Financial fixed assets28€10€2k▲
Current assets29/58€58k€46k▼
Amounts receivable within one year40/41€54k€43k▼
Trade receivables40€12k€13k▲
Other amounts receivable41€43k€30k▼
Cash at bank and in hand54/58€4k-
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€102k€75k▼
Equity10/15€49k€45k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€44k€40k▼
Amounts payable17/49€53k€30k▼
Amounts payable after more than one year17€12k-
Financial debts170/4€12k-
Amounts payable within one year42/48€41k€30k▼
Current portion of amounts payable after more than one year42€12k€12k▼
Financial debts43-€14k
Credit institutions430/8-€14k
Trade debts44€14k€2k▼
Suppliers440/4€14k€2k▼
Taxes, remuneration and social security45€14k€1k▼
Taxes450/3€14k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€19k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€16k€18k▲
Operating profit (loss)9901€-3k€-3k▲
Financial income75/76B€1k€85▼
Recurring financial income75€1k€85▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-4k€-5k▼
Income taxes67/77€-291€-88▲
Profit (loss) for the period9904€-4k€-5k▼
Profit (loss) for the period to be appropriated9905€-4k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€40k▼
Profit (loss) brought forward from the previous period14P€48k€44k▼
The notes to these accounts (7 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
28-07
State Gazette act
Appointment: Vladimir Davidians (director)Registered-office move3 facts ▸
State Gazette act
Appointment: Vladimir Davidians (director)
Registered-office move3 facts ▸
- General meeting, 29 juni 2026
- Registered-office move, Lepelhoekstraat 72, 9100 Sint-Niklaas
- Director appointment, Vladimir Davidians (director)
2025
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Vladimir Davidians
CurrentDirector · since 01-07-2026
01-07-2026
Appointed as Director
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 2022
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.
Lepelhoekstraat 729100 Sint-NiklaasGround area
454 m²
Building footprint
81 m²
Parcel 46021A0227/00Z000, Flanders. Linked by address, not a title deed.
1 establishment unit
AD MARINE & Construct
since 20222.337.450.669
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46021A0227/00Z000 | Flanders | 454 m² | 1 · 80 m² | - |
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, comparable size
POOL PROJECTS BUILDERS
BE 0892.020.908
Hasselt · Eq €44,611
MGS RENOVATION
BE 0775.658.817
Herve · Eq €44,705
SNB Concept
BE 0670.897.926
Herk-de-Stad · Eq €44,457
TIK Elec
BE 0884.242.201
Hannut · Eq €44,811
VANBETHA
BE 0670.621.871
Schaarbeek · Eq €44,856
Of 4,097 companies in sector 43240 we hold annual accounts for 1,632. 1,322 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43222Installation of electric heating, air conditioning, cooling and ventilation
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.