ARDEA
ActiveSummary
ARDEA has the legal form “Public-utility foundation” in the KBO; Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €2.4m and a net result of €88,048. Equity is growing by about 4.2% per year across the filed financial years. The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
Turnover
≈ €320,000
Estimated: probably between €200,000 and €600,000
EBIT margin
Not included in this filing
Net result
€88,048▼ 89.0%
2024 · €802,485
Working capital
€1.6m▲ 2.7%
2021 · €1.6m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 91% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.07m
2025
Net result€0.09m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.6m
2025
Equity€2.4m
2025
Debt€0.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.6m
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.002m--€0.05m▼ 2,537%-€0.05m▲ 2.7%-€0.008m▲ 83.7%€0.07m€0.09m▲ 37.8%€0.8m▲ 774%€0.07m▼ 90.6%
Net result-€0.02m--€0.03m▼ 10.1%€0.04m€0.03m▼ 36.1%€0.04m▲ 52.7%€0.09m▲ 111%€0.8m▲ 795%€0.09m▼ 89.0%
Equity€1.3m-€1.3m▼ 1.9%€1.4m▲ 3.3%€1.4m▲ 2.1%€1.4m▲ 3.1%€1.5m▲ 6.3%€2.3m▲ 52.9%€2.4m▲ 3.8%
Total assets€1.7m-€1.7m▼ 0.2%€1.5m▼ 11.6%€1.6m▲ 4.0%€1.6m▲ 3.1%€1.8m▲ 7.1%€2.6m▲ 45.7%€2.6m▲ 3.4%
Debt€0.4m-€0.4m▲ 5.5%€0.2m▼ 58.6%€0.2m▲ 18.9%€0.2m▲ 3.0%€0.2m▲ 12.6%€0.2m=€0.2m=
Working capital€1.7m€1.5m▼ 11.8%€1.6m▲ 4.0%€1.6m▲ 2.7%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.6m
Equity
€2.4m ▲ 3.8%
Debt
€239,045 =
Debt's share of the balance-sheet total falls from 9.3% to 9.0%. Equity is higher.
Key figures and ratios
Debt to equity
0.10▼
2024 · 0.10
ROE
3.7%▼
2024 · 34.6%
ROA
3.3%▼
2024 · 31.4%
Debt > 1 year
€239,045=
2024 · €239,045
Income taxes
€5,503▲
2024 · €3,503
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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Membership fees, donations, legacies and grants73 | - | - | - | - | - | €205,833 | €898,872 | €133,070 | ▼ 85.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €21,720 | €7,714 | €6,831 | €6,789 | €6,531 | ▼ 3.8% |
| Other operating charges640/8 | - | - | - | €113,733 | €132,915 | €130,556 | €101,836 | €52,587 | ▼ 48.4% |
| Gross operating margin9900 | €78,016 | €23,141 | €33,464 | €105,919 | €198,510 | €220,961 | €892,083 | €126,539 | ▼ 85.8% |
| Operating profit (loss)9901 | -€1,873 | -€49,382 | -€48,066 | -€7,814 | €65,595 | €90,404 | €790,247 | €73,952 | ▼ 90.6% |
| Financial income75/76B | - | - | - | €36,328 | €93 | €10 | €16,560 | €20,872 | ▲ 26.0% |
| Recurring financial income75 | - | - | €95,754 | €36,328 | €93 | €10 | €16,063 | €20,872 | ▲ 29.9% |
| Non-recurring financial income76B | - | - | - | - | - | - | €497 | - | - |
| Financial charges65/66B | - | - | - | €700 | €23,216 | €773 | €820 | €1,273 | ▲ 55.3% |
| Recurring financial charges65 | €20,856 | -€24,352 | €4,129 | €700 | €23,216 | €773 | €820 | €1,273 | ▲ 55.3% |
| Profit (loss) for the period before taxes9903 | -€22,729 | -€25,030 | €43,560 | €27,814 | €42,472 | €89,641 | €805,988 | €93,551 | ▼ 88.4% |
| Income taxes67/77 | - | - | - | - | - | - | €3,503 | €5,503 | ▲ 57.1% |
| Profit (loss) for the period9904 | -€22,729 | -€25,030 | €43,560 | €27,814 | €42,472 | €89,641 | €802,485 | €88,048 | ▼ 89.0% |
| Profit (loss) for the period to be appropriated9905 | -€22,729 | -€25,030 | €43,560 | €27,814 | €42,472 | €89,641 | €802,485 | €88,048 | ▼ 89.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.7m | €1.7m | €1.5m | €1.6m | €1.6m | €1.8m | €2.6m | €2.6m | ▲ 3.4% |
| Current assets29/58 | €1.7m | €1.7m | €1.5m | €1.6m | €1.6m | €1.8m | €2.6m | €2.6m | ▲ 3.4% |
| Amounts receivable after more than one year29 | - | - | - | €0.5m | €0.5m | €0.2m | €0.2m | €0.1m | ▼ 25.0% |
| Other amounts receivable291 | - | - | - | €0.5m | €0.5m | €0.2m | €0.2m | €0.1m | ▼ 25.0% |
| Amounts receivable within one year40/41 | - | - | €0.001m | €413 | €0 | - | - | €0.002m | - |
| Other amounts receivable41 | - | - | - | €413 | €0 | - | - | €0.002m | - |
| Current investments50/53 | €0.7m | €0.7m | €0.7m | €0.4m | €0.7m | €0.7m | €2.3m | €2.4m | ▲ 3.4% |
| Cash at bank and in hand54/58 | €0.6m | €0.6m | €0.8m | €0.7m | €0.4m | €0.8m | €0.09m | €0.1m | ▲ 58.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.003m | - | €0.003m | €0.005m | ▲ 95.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €1.5m | €1.6m | €1.6m | €1.8m | €2.6m | €2.6m | ▲ 3.4% |
| Equity10/15 | €1.3m | €1.3m | €1.4m | €1.4m | €1.4m | €1.5m | €2.3m | €2.4m | ▲ 3.8% |
| Contributions10/11 | - | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Capital10 | - | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | - | - | - | €1.2m | €1.4m | €1.5m | €2.3m | €2.1m | ▼ 5.4% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.2m | €0.05m | €0.05m | €0.06m | €0.3m | ▲ 335% |
| Amounts payable17/49 | €0.4m | €0.4m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts payable within one year42/48 | - | €0.02m | €0.02m | €0.02m | €0.03m | - | - | - | - |
| Trade debts44 | - | €54 | - | - | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €0.001m | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | - | €0.001m | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,729 | -€25,030 | €43,560 | €27,814 | €42,472 | €89,641 | €802,485 | €88,048 | ▼ 89.0% |
| Operating cash flow (approximation) | -€22,729 | -€25,030 | €43,560 | €27,814 | €42,472 | €89,641 | €802,485 | €88,048 | ▼ 89.0% |
| Change in cash | - | -€29,675 | €252,452 | -€101,402 | -€257,001 | €376,477 | -€733,547 | €52,022 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 14-02-2026 | 2026-00038653 |
| 31-12-2024 | full format | 26-02-2025 | 2025-00040585 |
| 31-12-2023 | full format | 26-05-2024 | 2024-00095960 |
| 31-12-2022 | full format | 06-06-2023 | 2023-00112208 |
| 31-12-2021 | full format | 20-07-2022 | 2022-20205754 |
| 31-12-2020 | full format | 07-06-2021 | 2021-18600122 |
| 31-12-2019 | full format | 05-06-2020 | 2020-15100056 |
| 31-12-2018 | full format | 28-05-2019 | 2019-15200520 |
| 31-12-2017 | full format | 22-03-2018 | 2018-07600067 |
| 31-12-2016 | full format | 27-04-2017 | 2017-10400481 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.