Equity
ARDEAM paid out €159,814 in dividends. That is 222% of the 2025 profit.
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ARDEAM paid out €159,814 in dividends. That is 222% of the 2025 profit.
Green is investment, beige is depreciation.
The last five annual accounts were filed 1 to 5 days before the end of the period.
In July 2024, 6,782 companies had the same profile as ARDEAM has now. Each dot stands for 17 companies, two years later.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for ARDEAM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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| Company | ||||
|---|---|---|---|---|
| ARDEAM Yvoir | €529,655 | €80,608 | 36.6% | - |
| CG CONFORT Mettet | €487,652 | €95,595 | 88.4% | - |
| Otoo Zwevegem | €548,006 | €80,466 | 38.4% | - |
| SEEFORO Grobbendonk | €502,008 | €84,671 | 33.7% | - |
| EKADER Bonheiden | €509,866 | €85,333 | 71.0% | - |
| JACK Management Kortrijk | €539,854 | €86,928 | 71.1% | - |
| LIBRETT Waterloo | €546,676 | €87,789 | 30.1% | - |
These companies have the same main activity as ARDEAM: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €488,000 and €548,000, founded between 2016 and 2018.
ARDEAM files the micro format. That format states no turnover. The gross margin fell from €86,963 in 2018 to €80,608 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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