ARDEAM
ActiveSummary
ARDEAM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €194k and a net result of €72k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+7
Solvency62▼-22
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 2.13 in 2024; short-term debt: 60.2% and cash: 26.4% of total assets), and 63.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.6%
Return on assets
13.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
1 d early
2022
5 d early
2021
5 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€194k▼ 31.2%
2024 · €282k
Total assets
€530k▲ 11.5%
2024 · €475k
Net result
€72k▲ 82.9%
2024 · €39k
Working capital
€111k▼ 49.3%
2024 · €219k
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
Line20212022202320242025
Operating result€82k▼ 11.1%€132k▲ 61.7%€132k▲ 0.1%€38k▼ 71.5%€72k▲ 91.9%
Net result€61k▼ 14.1%€103k▲ 68.1%€104k▲ 0.4%€39k▼ 62.0%€72k▲ 82.9%
Equity€227k▲ 37.0%€331k▲ 45.4%€417k▲ 26.0%€282k▼ 32.5%€194k▼ 31.2%
Total assets€256k▲ 10.4%€357k▲ 39.5%€485k▲ 35.7%€475k▼ 2.1%€530k▲ 11.5%
Debt€29k▼ 56.5%€27k▼ 7.1%€68k▲ 156%€194k▲ 183%€336k▲ 73.5%
Working capital€172k▲ 59.7%€272k▲ 57.8%€356k▲ 31.2%€219k▼ 38.5%€111k▼ 49.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 92% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €530k
Fixed assets
€100k ▲ 59.3%
Current assets
€430k ▲ 4.2%
Equity and liabilities €530k
Equity
€194k ▼ 31.2%
Debt
€336k ▲ 73.5%
Debt's share of the balance-sheet total rises from 40.7% to 63.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€81k▲
2024 · €38k
Cash flow
€80k▲
2024 · €40k
Current ratio
1.35▼
2024 · 2.13
Debt to equity
1.73▲
2024 · 0.69
ROE
37.2%▲
2024 · 14.0%
ROA
13.6%▲
2024 · 8.3%
Interest coverage
15.28▼
2024 · 124.81
Debt ≤ 1 year
€319k▲
2024 · €193k
Debt > 1 year
€17k
Income taxes
€18k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €11k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €432 | €862 | €8k | ▲ 875% |
| Other operating charges640/8 | - | €440 | €510 | €549 | - | - |
| Gross operating margin9900 | €91k | €140k | €133k | €39k | €81k | ▲ 106% |
| Operating profit (loss)9901 | €82k | €132k | €132k | €38k | €72k | ▲ 91.9% |
| Financial income75/76B | - | €3k | €12k | €17k | €23k | ▲ 37.6% |
| Recurring financial income75 | €4k | €3k | €12k | €17k | €23k | ▲ 37.6% |
| Financial charges65/66B | - | €357 | €773 | €308 | €5k | ▲ 1,611% |
| Recurring financial charges65 | €350 | €357 | €773 | €308 | €5k | ▲ 1,611% |
| Profit (loss) for the period before taxes9903 | €85k | €134k | €143k | €54k | €90k | ▲ 66.3% |
| Income taxes67/77 | €24k | €31k | €40k | €15k | €18k | ▲ 22.3% |
| Profit (loss) for the period9904 | €61k | €103k | €104k | €39k | €72k | ▲ 82.9% |
| Profit (loss) for the period to be appropriated9905 | €61k | €103k | €104k | €39k | €72k | ▲ 82.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €256k | €357k | €485k | €475k | €530k | ▲ 11.5% |
| Fixed assets21/28 | €56k | €60k | €61k | €63k | €100k | ▲ 59.3% |
| Tangible fixed assets22/27 | €8k | - | €1k | €3k | €40k | ▲ 1,212% |
| Land and buildings22 | - | - | - | €2k | €2k | ▼ 11.1% |
| Plant, machinery and equipment23 | - | - | - | - | €1k | - |
| Furniture and vehicles24 | - | - | €1k | €787 | €37k | ▲ 4,590% |
| Financial fixed assets28 | €48k | €60k | €60k | €60k | €60k | = |
| Current assets29/58 | €201k | €298k | €424k | €413k | €430k | ▲ 4.2% |
| Amounts receivable within one year40/41 | €78k | €101k | €247k | €285k | €288k | ▲ 0.8% |
| Trade receivables40 | - | €25k | €22k | €29k | €12k | ▼ 58.1% |
| Other amounts receivable41 | - | €76k | €226k | €257k | €276k | ▲ 7.4% |
| Current investments50/53 | - | - | - | €100k | - | - |
| Cash at bank and in hand54/58 | €123k | €197k | €176k | €26k | €140k | ▲ 437% |
| Deferred charges and accrued income490/1 | - | €224 | €1k | €1k | €2k | ▲ 124% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €256k | €357k | €485k | €475k | €530k | ▲ 11.5% |
| Equity10/15 | €227k | €331k | €417k | €282k | €194k | ▼ 31.2% |
| Contributions10/11 | - | €6k | €19k | €19k | €19k | = |
| Reserves13 | €150k | €150k | €223k | €263k | €175k | ▼ 33.4% |
| Non-distributable reserves130/1 | - | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | - | €620 | €620 | €620 | €620 | = |
| Distributable reserves133 | - | €149k | €223k | €262k | €175k | ▼ 33.4% |
| Profit (loss) carried forward14 | €72k | €175k | €175k | - | - | - |
| Amounts payable17/49 | €29k | €27k | €68k | €194k | €336k | ▲ 73.5% |
| Amounts payable after more than one year17 | - | - | - | - | €17k | - |
| Financial debts170/4 | - | - | - | - | €17k | - |
| Amounts payable within one year42/48 | €29k | €26k | €68k | €193k | €319k | ▲ 64.9% |
| Current portion of amounts payable after more than one year42 | - | €3k | €6k | - | €13k | - |
| Trade debts44 | €2k | €2k | €2k | €212 | - | - |
| Suppliers440/4 | - | €2k | €2k | €212 | - | - |
| Taxes, remuneration and social security45 | - | €21k | €34k | €45k | €38k | ▼ 14.3% |
| Taxes450/3 | - | €21k | €34k | €39k | €31k | ▼ 21.7% |
| Remuneration and social security454/9 | - | - | - | €5k | €7k | ▲ 41.7% |
| Other amounts payable47/48 | - | - | €26k | €149k | €268k | ▲ 80.2% |
| Accrued charges and deferred income492/3 | - | €265 | €281 | €281 | €281 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €103k | €104k | €39k | €72k | ▲ 82.9% |
| + Depreciation and write-downs630 | €8k | €8k | €432 | €862 | €8k | ▲ 875% |
| Operating cash flow (approximation) | €70k | €111k | €104k | €40k | €80k | ▲ 99.8% |
| Investment in fixed assets (approximation) | - | €-12k | €-2k | €-3k | €-46k | ▼ 1,702% |
| Change in cash | - | €74k | €-21k | €-150k | €114k | ▲ 176% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €39k ▼62%
Net result drops to €39k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €104k ▲0.4%
Operating result €132k, net result €104k, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 7.04
Current ratio from 2.78 to 7.04; short-term debt falls from €61k to €29k.
30-06
Financial
Equity above €200kEq €227k ▲37%
3 profitable years in a row build equity to €227k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €150kEq €166k ▲75.6%
2 profitable years in a row build equity to €166k.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro 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, Yvoir · 1 establishment unit since 2017
Ground area
1,624 m²
Building footprint
170 m²
Parcel 91124C0028/00N002, Wallonia. Linked by address, not a title deed.
1 establishment unit
ARDEAM
since 20172.260.510.071
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91124C0028/00N002 | Wallonia | 1,624 m² | 1 · 170 m² | - |
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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,162 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-01-2017
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.