ARDARE
ActiveSummary
The computed 12-month bankruptcy probability of ARDARE is 3.0% (moderate). For ARDARE, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (-€248,161) and a net result of -€28,350. Equity is shrinking by ~24.7% per year across the filed fiscal years. The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability8▲+8
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2022Solvency, return and age of the figures
Solvency
-73.6%
Return on assets
-8.4%
Age of the figures
45 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-07-2026, 1066 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
1066 d late
2021
1010 d late
2020
156 d late
2019
509 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 685 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Equity
-€248,161▼ 12.9%
2021 · -€219,811
Total assets
€337,086▼ 1.3%
2021 · €341,489
Net result
-€28,350▲ 48.1%
2021 · -€54,652
Working capital
-€489,592▼ 5.0%
2021 · -€466,411
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€1,010--€13,835▼ 1,270%-€12,807▲ 7.4%-€11,867▲ 7.3%-€18,171▼ 53.1%
Net result-€11,036--€21,209▼ 92.2%-€44,388▼ 109%-€54,652▼ 23.1%-€28,350▲ 48.1%
Equity-€99,663--€120,872▼ 21.3%-€165,159▼ 36.6%-€219,811▼ 33.1%-€248,161▼ 12.9%
Total assets€359,367-€354,404▼ 1.4%€349,220▼ 1.5%€341,489▼ 2.2%€337,086▼ 1.3%
Debt€459,030-€475,276▲ 3.5%€514,379▲ 8.2%€561,300▲ 9.1%€585,248▲ 4.3%
Working capital-€214,445--€252,275▼ 17.6%-€312,787▼ 24.0%-€466,411▼ 49.1%-€489,592▼ 5.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18,171 in 2022 against €11,867 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €337,086
Fixed assets
€241,431 ▼ 2.1%
Current assets
€95,655 ▲ 0.8%
Key figures and ratios
EBITDA
-€13,002▼
2021 · -€6,698
Cash flow
-€23,181▲
2021 · -€49,482
Solvency
-73.6%▼
2021 · -64.4%
Current ratio
0.16▼
2021 · 0.17
Debt to equity
-2.36▲
2021 · -2.55
ROA
-8.4%▲
2021 · -16.0%
Interest coverage
-1.28▼
2021 · -0.63
Debt ≤ 1 year
€585,248▲
2021 · €561,300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,169 | €5,169 | €5,169 | €5,169 | €5,169 | = |
| Other operating charges640/8 | - | - | - | €5,648 | €10,725 | ▲ 89.9% |
| Gross operating margin9900 | €6,655 | -€6,072 | -€994 | -€1,050 | -€2,277 | ▼ 117% |
| Operating profit (loss)9901 | -€1,010 | -€13,835 | -€12,807 | -€11,867 | -€18,171 | ▼ 53.1% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €10,576 | €10,179 | ▼ 3.8% |
| Recurring financial charges65 | €10,027 | €7,374 | €31,580 | €10,576 | €10,179 | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | -€11,036 | -€21,209 | -€44,388 | -€22,443 | -€28,350 | ▼ 26.3% |
| Income taxes67/77 | - | - | - | €32,208 | - | - |
| Profit (loss) for the period9904 | -€11,036 | -€21,209 | -€44,388 | -€54,652 | -€28,350 | ▲ 48.1% |
| Profit (loss) for the period to be appropriated9905 | -€11,036 | -€21,209 | -€44,388 | -€54,652 | -€28,350 | ▲ 48.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €359,367 | €354,404 | €349,220 | €341,489 | €337,086 | ▼ 1.3% |
| Fixed assets21/28 | €262,109 | €256,939 | €251,770 | €246,600 | €241,431 | ▼ 2.1% |
| Intangible fixed assets21 | €13,333 | €10,667 | €8,000 | €5,333 | €2,667 | ▼ 50.0% |
| Tangible fixed assets22/27 | €248,775 | €246,272 | €243,770 | €241,267 | €238,764 | ▼ 1.0% |
| Land and buildings22 | - | - | - | €241,187 | €238,764 | ▼ 1.0% |
| Plant, machinery and equipment23 | - | - | - | €80 | - | - |
| Current assets29/58 | €97,259 | €97,465 | €97,450 | €94,889 | €95,655 | ▲ 0.8% |
| Amounts receivable within one year40/41 | €94,686 | €94,686 | €94,686 | €94,889 | €95,655 | ▲ 0.8% |
| Trade receivables40 | - | - | - | €83,600 | €84,283 | ▲ 0.8% |
| Other amounts receivable41 | - | - | - | €11,289 | €11,373 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €2,573 | €2,778 | €2,763 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €359,367 | €354,404 | €349,220 | €341,489 | €337,086 | ▼ 1.3% |
| Equity10/15 | -€99,663 | -€120,872 | -€165,159 | -€219,811 | -€248,161 | ▼ 12.9% |
| Contributions10/11 | - | €118,600 | €118,700 | €118,700 | €118,700 | = |
| Profit (loss) carried forward14 | -€218,263 | -€239,472 | -€283,859 | -€338,511 | -€366,861 | ▼ 8.4% |
| Amounts payable17/49 | €459,030 | €475,276 | €514,379 | €561,300 | €585,248 | ▲ 4.3% |
| Amounts payable after more than one year17 | €147,326 | €125,536 | €104,142 | - | - | - |
| Amounts payable within one year42/48 | €311,704 | €349,740 | €410,237 | €561,300 | €585,248 | ▲ 4.3% |
| Financial debts43 | - | - | - | €114,665 | €124,611 | ▲ 8.7% |
| Credit institutions430/8 | - | - | - | €114,665 | €114,665 | = |
| Other loans439 | - | - | - | - | €9,946 | - |
| Trade debts44 | €2,522 | €9,341 | €7,016 | €9,352 | €18,337 | ▲ 96.1% |
| Suppliers440/4 | - | - | - | €9,352 | €18,337 | ▲ 96.1% |
| Other amounts payable47/48 | - | - | - | €437,283 | €442,299 | ▲ 1.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,036 | -€21,209 | -€44,388 | -€54,652 | -€28,350 | ▲ 48.1% |
| + Depreciation and write-downs630 | €5,169 | €5,169 | €5,169 | €5,169 | €5,169 | = |
| Operating cash flow (approximation) | -€5,867 | -€16,039 | -€39,218 | -€49,482 | -€23,181 | ▲ 53.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €205 | -€15 | - | - | - |
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
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1066 days late
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1010 days late
2022
03-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 156 days late
2021
31-12
Financial
Weakest financial yearnet -€54,652
Net result drops to -€54,652, the lowest in the series; recovery starts the following year.
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 509 days late
18-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 841 days late
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 269 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 333 days late
2016
02-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 33 days late
2015
08-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 130 days late
2014
10-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
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, Wingene · 1 establishment unit since 2006
Ground area
3,072 m²
Building footprint
206 m²
Volume, LiDAR
1,065 m³
Parcel 37019C0441/00K000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARDARE
since 20062.155.005.745
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019C0441/00K000 | Flanders | 3,072 m² | 1 · 206 m² | 8.9 m · 2 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded06-06-2006
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881673382
Also
9925:BE0881673382
Registered
24-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.