ARDECA INDUSTRIES
ActiveARDECA INDUSTRIES has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.50M and a net result of €275k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 9625 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▼-19
Solvency100▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 4.29 against 2.43 in 2023; short-term debt: 21.8% and cash: 3.7% of total assets), and 21.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2024Solvency, return and age of the figures
Solvency
78.1%
Return on assets
8.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
68 d late
2022
27 d early
2021
19 d late
2020
22 d early
2019
10 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€275k▼ 67.8%
2023 · €853k
2018: €132k
2019: €185k
2020: €155k
2021: €458k
2022: €421k
2023: €853k
2018 → 2024
Working capital
€2.30M▲ 15.0%
2023 · €2.00M
2018: €1.29M
2019: €1.46M
2020: €1.65M
2021: €1.76M
2022: €1.75M
2023: €2.00M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.93M-€1.99M▲ 3.0%€2.01M▲ 1.0%€2.26M▲ 12.6%€2.50M▲ 10.7%
Operating result€216k-€636k▲ 195%€594k▼ 6.6%€1.19M▲ 100%€284k▼ 76.2%
Net result€155k-€458k▲ 195%€421k▼ 8.0%€853k▲ 102%€275k▼ 67.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 76% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.21M
Fixed assets
€210k▼ 24.5%
Current assets
€3.00M▼ 11.9%
Equity and liabilities €3.21M
Equity
€2.50M▲ 10.7%
Debt
€703k▼ 50.3%
The debt ratio falls from 38.5% to 21.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€313k▼
2023 · €1.26M
Cash flow
€304k▼
2023 · €918k
Solvency
78.1%▲
2023 · 61.5%
Current ratio
4.29▲
2023 · 2.43
Quick ratio
3.07▲
2023 · 1.92
Debt / equity
0.28▼
2023 · 0.63
ROE
11.0%▼
2023 · 37.7%
ROA
8.6%▼
2023 · 23.2%
Interest coverage
23.16▼
2023 · 32.18
Debt
€703k▼
2023 · €1.42M
Debt ≤ 1 year
€698k▼
2023 · €1.40M
Debt > 1 year
€3k▼
2023 · €14k
Income taxes
€104k▼
2023 · €320k
Staff costs
€465k▲
2023 · €385k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.68M€3.21M▼
Fixed assets21/28€278k€210k▼
Intangible fixed assets21€18k€10k▼
Tangible fixed assets22/27€260k€199k▼
Land and buildings22€0-
Plant, machinery and equipment23€29k€23k▼
Furniture and vehicles24€63k€7k▼
Other tangible fixed assets26€168k€170k▲
Financial fixed assets28€458€458=
Current assets29/58€3.40M€3.00M▼
Stocks and contracts in progress3€713k€852k▲
Stocks30/36€713k€852k▲
Amounts receivable within one year40/41€2.46M€2.01M▼
Trade receivables40€764k€647k▼
Other amounts receivable41€1.70M€1.36M▼
Current investments50/53€0-
Cash at bank and in hand54/58€219k€119k▼
Deferred charges and accrued income490/1€8k€13k▲
Equity and liabilities
Total equity and liabilities10/49€3.68M€3.21M▼
Equity10/15€2.26M€2.50M▲
Contributions10/11€120k€120k=
Capital10€120k€120k=
Issued capital100€120k€120k=
Reserves13€83k€83k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€13k€13k=
Distributable reserves133€57k€57k=
Profit (loss) carried forward14€2.03M€2.30M▲
Investment grants15€33k€0▼
Amounts payable17/49€1.42M€703k▼
Amounts payable after more than one year17€14k€3k▼
Financial debts170/4€14k€3k▼
Amounts payable within one year42/48€1.40M€698k▼
Current portion of amounts payable after more than one year42€17k€11k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€455k€343k▼
Suppliers440/4€455k€343k▼
Taxes, remuneration and social security45€329k€344k▲
Taxes450/3€292k€302k▲
Remuneration and social security454/9€37k€41k▲
Other amounts payable47/48€600k€0▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Non-recurring operating income76A€1.14M€3k▼
Remuneration, social security and pensions62€385k€465k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€29k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€735€5k▲
Other operating charges640/8€11k€3k▼
Non-recurring operating charges66A€5k€7k▲
Gross operating margin9900€1.66M€794k▼
Operating profit (loss)9901€1.19M€284k▼
Financial income75/76B€21k€108k▲
Recurring financial income75€21k€108k▲
Financial charges65/66B€39k€14k▼
Recurring financial charges65€39k€14k▼
Profit (loss) for the period before taxes9903€1.17M€378k▼
Income taxes67/77€320k€104k▼
Profit (loss) for the period9904€853k€275k▼
Profit (loss) for the period to be appropriated9905€853k€275k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.63M€2.30M▼
Profit (loss) brought forward from the previous period14P€1.77M€2.03M▲
Transfer to equity691/2€56€0▼
To the legal reserve6920€56€0▼
Profit to be distributed694/7€600k€0▼
Return on contributions (dividend)694€600k€0▼
Social balance
Average headcount (FTE)90875.76.5▲
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
Financial
Highest result since 2018net €853k ▲102%
Operating result €1.19M, net result €853k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €2MEq €2.01M ▲1%
5 profitable years in a row build equity to €2.01M.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 10 days late
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-01-2025
Vancasteele Hein: Resigned as Director
30-01-2025
Vandecasteele Arne: Resigned as Director
30-01-2025
Vandecasteele Sofie: Resigned as Director
31-03-2021
Ivan Rottiers: Resigned as Director
Location & real-estate footprint
Registered office, Anzegem · 1 establishment unit since 1982
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oudenaardestraat 868570 AnzegemGround area
3.0 ha
Building footprint
8,327 m²
Volume, LiDAR
34,374 m³
Parcel 34038B0064/00F002, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oudenaardestraat 86, 8570 Anzegem
since 19822.034.966.562
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038B0064/00F002 | Flanders | 3.0 ha | 1 · 8,327 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Wooners
BE 0476.831.907
Laarne · Eq €2.23M
PAUL PLETSERS
BE 0861.464.423
Ferrières · Eq €2.95M
EDGARD GRIMARD
BE 0423.221.688
Ans · Eq €2.04M
AMBASSADOR ARMS
BE 0441.414.039
Sint-Niklaas · Eq €1.94M
R.M. VINCK & CO
BE 0416.666.369
Zutendaal · Eq €1.94M
Of 463 companies in sector 47783 we hold annual accounts for 214. 63 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-11-1982
Fiscal year end31-12
Activities, NACEBEL
46442Wholesale trade
47783Retail trade
47784Retail trade
51442
52488
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.