ARDEA ALBA
ActiveSummary
ARDEA ALBA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€49,139) and a net result of -€54,116. Equity is shrinking by ~104.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 2413 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2413 sector peers (2025).
NBB · sector comparisonPosition among 2413 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
3 d early
2023
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?TERRA FECUNDA · 37 companies What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, full schema
Equity
-€49,139
2024 · €4,977
Net result
-€54,116▼ 35.5%
2024 · -€39,929
Total assets
€4.7m▲ 185%
2024 · €1.7m
Solvency
-1.0%▼ 1.3pp
2024 · 0.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€13,057--€22,336▼ 71.1%-€23,165▼ 3.7%
Net result-€16,594below the sector's middle half--€39,929below the sector's middle half▼ 141%-€54,116below the sector's middle half▼ 35.5%
Equity€44,906below the sector's middle half-€4,977below the sector's middle half▼ 88.9%-€49,139below the sector's middle half
Total assets€301,295below the sector's middle half-€1.7mwithin the sector's middle half▲ 452%€4.7mwithin the sector's middle half▲ 185%
Debt€256,390-€1.7m▲ 547%€4.8m▲ 188%
Working capital-€15,975--€239,376▼ 1,398%€2.2m
Solvency14.9%below the sector's middle half-0.3%below the sector's middle half▼ 14.6pp-1.0%below the sector's middle half▼ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,165 in 2025 against €22,336 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€369,000 ▲ 50.0%
Current assets
€4.4m ▲ 208%
Key figures and ratios
ROA
-1.1%▲
2024 · -2.4%
Debt ≤ 1 year
€2.1m▲
2024 · €1.7m
Debt > 1 year
€2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €155 | €283 | €283 | = |
| Other operating charges640/8 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€12,518 | -€21,666 | -€22,482 | ▼ 3.8% |
| Operating profit (loss)9901 | -€13,057 | -€22,336 | -€23,165 | ▼ 3.7% |
| Financial income75/76B | - | €25,489 | €72,618 | ▲ 185% |
| Recurring financial income75 | - | €25,489 | €72,618 | ▲ 185% |
| Financial charges65/66B | €3,537 | €43,082 | €103,569 | ▲ 140% |
| Recurring financial charges65 | €3,537 | €43,082 | €103,569 | ▲ 140% |
| Profit (loss) for the period before taxes9903 | -€16,594 | -€39,929 | -€54,116 | ▼ 35.5% |
| Profit (loss) for the period9904 | -€16,594 | -€39,929 | -€54,116 | ▼ 35.5% |
| Profit (loss) for the period to be appropriated9905 | -€16,594 | -€39,929 | -€54,116 | ▼ 35.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €301,295 | €1.7m | €4.7m | ▲ 185% |
| Formation expenses20 | €1,260 | €977 | €694 | ▼ 29.0% |
| Fixed assets21/28 | €61,500 | €246,000 | €369,000 | ▲ 50.0% |
| Financial fixed assets28 | €61,500 | €246,000 | €369,000 | ▲ 50.0% |
| Current assets29/58 | €238,535 | €1.4m | €4.4m | ▲ 208% |
| Amounts receivable within one year40/41 | €7,034 | €949,850 | €2.8m | ▲ 197% |
| Trade receivables40 | - | - | €170,273 | - |
| Other amounts receivable41 | €7,034 | €949,850 | €2.7m | ▲ 179% |
| Cash at bank and in hand54/58 | €42,306 | €56,440 | €787,058 | ▲ 1,294% |
| Deferred charges and accrued income490/1 | €189,195 | €409,663 | €751,336 | ▲ 83.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €301,295 | €1.7m | €4.7m | ▲ 185% |
| Equity10/15 | €44,906 | €4,977 | -€49,139 | ▼ 1,087% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€16,594 | -€56,523 | -€110,639 | ▼ 95.7% |
| Amounts payable17/49 | €256,390 | €1.7m | €4.8m | ▲ 188% |
| Amounts payable after more than one year17 | - | - | €2.7m | - |
| Financial debts170/4 | - | - | €2.7m | - |
| Amounts payable within one year42/48 | €254,510 | €1.7m | €2.1m | ▲ 28.0% |
| Trade debts44 | €3,120 | €77,426 | €62,484 | ▼ 19.3% |
| Suppliers440/4 | €3,120 | €77,426 | €62,484 | ▼ 19.3% |
| Other amounts payable47/48 | €251,390 | €1.6m | €2.1m | ▲ 30.4% |
| Accrued charges and deferred income492/3 | €1,880 | €2,625 | €4,829 | ▲ 84.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,594 | -€39,929 | -€54,116 | ▼ 35.5% |
| + Depreciation and write-downs630 | €155 | €283 | €283 | = |
| Operating cash flow (approximation) | -€16,440 | -€39,646 | -€53,833 | ▼ 35.8% |
| Investment in fixed assets (approximation) | - | -€184,783 | -€123,283 | ▲ 33.3% |
| Change in cash | - | €14,134 | €730,618 | ▲ 5,069% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet -€54,116
Net result drops to -€54,116, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.06
Current ratio from 0.86 to 2.06.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2023
Ground area
2,864 m²
Building footprint
722 m²
Volume, LiDAR
7,073 m³
Parcel 21018A0002/00P007, Brussels · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
74
companies at this address
See who is registered here
1 establishment unit
ARDEA ALBA
since 20232.347.195.805
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0002/00P007 | Brussels | 2,864 m² | 1 · 722 m² | 15.3 m · 3 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.
Structure & network
Part of the group
TERRA FECUNDA
37 companies
Group, risk and exposure
Owners and holdings
2 owners · 6 holdingsChain of control
- TERRA FECUNDA
- BRUVACO
- PHENIX
- ARDEA ALBA
Highest known parent: TERRA FECUNDA. The sources do not say who stands above it.
Owners 2
- PHENIXparentSourceaccounts PHENIX 202575%
-
25%
Holdings 6
-
100%
-
100%
-
100%
-
100%
- Hawk 4AsubsidiarySourceown accounts 2025100%
- Hawk 5AsubsidiarySourceown accounts 2025100%
According to the 2025 annual accounts of ARDEA ALBA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 3,273 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0802873057
Registered
13-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.