Skip to content
Checked.be
Complete company report
Generated 12-08-2026
Active BE 0802.872.463Public limited company

ARDEA

Steenweg op Leuven 1188 ·1200 Sint-Lambrechts-Woluwe, Belgium· 3 yrs active
Sector: Ontwikkeling van residentiële bouwprojecten (68121)
Conclusion Checked

The computed 12-month bankruptcy probability of ARDEA is 3.0% (moderate). The 2024 annual accounts show negative equity (€-376k) and a net result of €-324k. Its solvency ranks better than 5% of 1697 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €-376k
Net result €-324k
Better than sector 5%
Active 3 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health7Profitability100Solvency33Growth32Stability94
53 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 7
Profitability 100
Solvency 33
Growth 32
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
3.0% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
7 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 28-07-2025 with the NBB · fiscal year 2024 · verkort
€-400k€-300k€-200k€-100k€0Operating result 2023: €-113k€-113kNet result 2023: €-113k€-113kOperating result 2024: €-312k€-312kNet result 2024: €-324k€-324k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -1002.8% 14.3%
better than 5% of 1697 sector peers
Net result €-324k €0
better than 7% of 1693 sector peers
Equity €-376k €108k
better than 5% of 1697 sector peers
Gross operating margin €-312k €52k
better than 5% of 1694 sector peers
Total assets €37k €1.50M
better than 5% of 1697 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-312k
-177.0% 23-24
Net profit
€-324k
-186.5% 23-24
Cash flow
€-324k
-186.7% 23-24
Total assets
€37k
+98.7% 23-24
Equity
€-376k
-627.3% 23-24
Working capital
€-371k
-626.4% 23-24
Debt
€414k
+486.0% 23-24
Debt ≤ 1y
€408k
+493.4% 23-24
Current ratio
0.09
-65.0% 23-24
Quick ratio
0.09
-65.0% 23-24
Solvency
-1002.8%
-265.9% 23-24
Debt / equity
-1.10
+19.4% 23-24
ROE
86.3%
-60.6% 23-24
ROA
-865.0%
-44.2% 23-24
Interest coverage
-25.85
+90.1% 23-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue-
EBITDA€-312k
Net profit€-324k
Cash flow€-324k
Staff costs-
Income taxes-
Dividends-
Total assets€37k
Equity€-376k
Debt€414k
of which ≤ 1y€408k
of which > 1y-
Working capital€-371k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.09
Quick ratio0.09
Working capital ratio-989.6%
Solvency-1002.8%
Debt / equity-1.10
Long-term debt ratio-
Interest coverage-25.85
Gross margin-
Net margin-
ROA-865.0%
ROE86.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€37k
Formation expenses 20€977
Current assets 29/58€37k
Amounts receivable within one year 40/41€33k
Cash & bank 54/58€982
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€37k
Equity 10/15€-376k
Contributions / capital 10/11€62k
Accumulated profits (losses) 14€-438k
Amounts payable 17/49€414k
Amounts payable within one year 42/48€408k
Trade debts payable within one year 44€49k
Income statement
Gross operating margin 9900€-312k
Operating result 9901€-312k
Financial income 75€1
Financial charges 65€12k
Result before taxes 9903€-324k
Net result for the period 9904€-324k
Result to be appropriated 9905€-324k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Directors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (24077627). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • BINDERY MANAGEMENT BVLegal entity
    Director
    State Gazette act 24077627 (21-05-2024)
    Current
    21-05-2024 → present
  • BRUVACO NVLegal entity
    Director
    State Gazette act 24077627 (21-05-2024)
    Current
    21-05-2024 → present
  • HYPERION INVEST BVLegal entity
    Director
    State Gazette act 24077627 (21-05-2024)
    Current
    21-05-2024 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Ontwikkeling van residentiële bouwprojecten(68121)
Legal form Public limited company(014)
Incorporation19-06-2023
StatusActive
Postal code1200
Establishment units 1 location
ARDEA
Steenweg op Leuven 1188, 1200 Sint-Lambrechts-WoluweOntwikkeling van residentiële bouwprojecten
since 20232.347.195.409
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21018A0002/00P007 Brussels 2,864 m² 1 · 722 m² 15.3 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
28-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
02-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
21-05-2024
State Gazette act Director changes
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2024
21-05-2024 4 directors appointed Director changes
  • KPMG Bedrijfsrevisoren BV/SRL, Commissaris
  • BRUVACO NV, Bestuurder
  • BINDERY MANAGEMENT BV, Bestuurder
  • HYPERION INVEST BV, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "commissaris_in",
      "role": "commissaris",
      "person": null,
      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": null,
        "name": "KPMG Bedrijfsrevisoren BV/SRL",
        "address": "Luchthaven Brussel Nationaal 1K te 1930 Zaventem",
        "country": "BE",
        "legal_form": "BV/SRL"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De aandeelhouders hebben beslist om KPMG Bedrijfsrevisoren BV/SRL (B00001), Luchthaven Brussel Nationaal 1K te 1930 Zaventem, als commissaris te benoemen voor een termijn van 3 jaren.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "3"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "rep_rotation",
      "role": "vaste_vertegenwoordiger",
      "person": {
        "rrn": "A02599",
        "name": "Paul Dreezen",
        "address": null,
        "birth_date": null,
        "profession": "bedrijfsrevisor",
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": null,
        "name": "KPMG Bedrijfsrevisoren BV/SRL",
        "address": "Luchthaven Brussel Nationaal 1K te 1930 Zaventem",
        "country": "BE",
        "legal_form": "BV/SRL"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "KPMG Bedrijfsrevisoren BV/SRL duidt de heer Paul Dreezen (IBR. Nr. A02599), bedrijfsrevisor, aan als vaste vertegenwoordiger.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": null,
      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": null,
        "name": "BRUVACO NV",
        "address": null,
        "country": null,
        "legal_form": "NV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "VOOR ONTLEDEND UITTREKSEL BRUVACO NV Bestuurder",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "rep_rotation",
      "role": "vaste_vertegenwoordiger",
      "person": {
        "rrn": null,
        "name": "Frank Tans",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": null,
        "name": "BRUVACO NV",
        "address": null,
        "country": null,
        "legal_form": "NV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Met als vaste vertegenwoordiger Dhr. Frank Tans",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": null,
      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": null,
        "name": "BINDERY MANAGEMENT BV",
        "address": null,
        "country": null,
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "BINDERY MANAGEMENT BV Bestuurder",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "rep_rotation",
      "role": "vaste_vertegenwoordiger",
      "person": {
        "rrn": null,
        "name": "Geert De Wael",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": null,
        "name": "BINDERY MANAGEMENT BV",
        "address": null,
        "country": null,
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Met als vaste vertegenwoordiger Dhr. Geert De Wael",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": null,
      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": null,
        "name": "HYPERION INVEST BV",
        "address": null,
        "country": null,
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "HYPERION INVEST BV Bestuurder",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "rep_rotation",
      "role": "vaste_vertegenwoordiger",
      "person": {
        "rrn": null,
        "name": "Fr\u00E9d\u00E9ric Sacr\u00E9",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": null,
        "name": "HYPERION INVEST BV",
        "address": null,
        "country": null,
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Met als vaste vertegenwoordiger Dhr. Fr\u00E9d\u00E9ric Sacr\u00E9",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-05-21",
    "filing_date": "2024-05-10",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2023-12-21",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0802.872.463",
    "name_full": "ARDEA",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL ARDEA
Registered office
Steenweg op Leuven 1188
1200 Sint-Lambrechts-Woluwe, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same sector and region · no size comparison possible · 2,001 of 9,648 with filed accounts
ABITA BE 0437.981.526 · Sint-Lambrechts-Woluwe
ARDEA INTERMEDIA TERRA BE 1003.857.156 · Sint-Lambrechts-Woluwe
Aurelia L. BE 0447.327.673 · Sint-Lambrechts-Woluwe
AVIMORE BE 0843.835.662 · Sint-Lambrechts-Woluwe
B&B Development BE 0632.558.873 · Sint-Lambrechts-Woluwe
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative