ARDECHE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

ARDECHE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.59M and a net result of €10k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 95% of 1416 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 1416 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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.

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.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	31-08-2026	31 d late	2026-00460104
31-12-2024	31-07-2025	29-08-2025	29 d late	2025-00429503
31-12-2023	31-07-2024	29-08-2024	29 d late	2024-00390816
31-12-2022	31-07-2023	31-08-2023	31 d late	2023-00392789

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, 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

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€4.59M+0.2%

Net result€10k-2.2%

Total assets€4.63M-0.9%

Solvency99.2%+1.1pp

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 4 fiscal years (±0.2%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 64, Financial services · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	98.1%	37.5%	better than 95% of 1416 sector peers
Net result	€10k	€45k	better than 33% of 1415 sector peers
Equity	€4.58M	€365k	better than 89% of 1416 sector peers
Gross operating margin	€16k	€64k	better than 28% of 1414 sector peers
Total assets	€4.67M	€1.42M	better than 78% of 1416 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Stable position over 2022-2024 · n=842-1416

Net result P33

Stable position over 2022-2024 · n=841-1415

Equity P89

Stable position over 2022-2024 · n=842-1416

Gross operating margin P28

Stable position over 2022-2024 · n=837-1414

Describes the position versus peers, not a forecast.

Net profit

€10k

-2.2% 22-25

Total assets

€4.63M

-0.9% 22-25

Equity

€4.59M

+0.2% 22-25

Income taxes

€5k

-2.2% 22-25

Debt

€35k

-60.4% 22-25

Debt ≤ 1y

€35k

-60.4% 22-25

Solvency

99.2%

+1.2% 22-25

ROE

0.2%

-2.4% 22-25

Show 1 other metrics

ROA

0.2%

-1.3% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	abbreviated schema
Revenue	n/a
EBITDA	n/a
Net profit	€10k
Cash flow	n/a
Staff costs	-
Income taxes	€5k
Dividends	-
Total assets	€4.63M
Equity	€4.59M
Debt	€35k
of which ≤ 1y	€35k
of which > 1y	-
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	99.2%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	0.2%
ROE	0.2%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €4.55M · 98.4% Current assets €75k · 1.6%

Equity & liabilities

Equity €4.59M · 99.2% Debt €35k · 0.8%

Full annual accounts (20 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.63M
Fixed assets	21/28	€4.55M
Financial fixed assets	28	€4.55M
Current assets	29/58	€75k
Amounts receivable within one year	40/41	€21k
Cash & bank	54/58	€54k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.63M
Equity	10/15	€4.59M
Contributions / capital	10/11	€4.15M
Reserves	13	€439k
Amounts payable	17/49	€35k
Amounts payable within one year	42/48	€35k
Trade debts payable within one year	44	€33k
Income statement
Gross operating margin	9900	€16k
Operating result	9901	€15k
Financial charges	65	€156
Result before taxes	9903	€15k
Income taxes	67/77	€5k
Net result for the period	9904	€10k
Result to be appropriated	9905	€10k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

Model not applicable to financial institutions

The health 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.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

1 location

ARDECHE

Rollegemstraat 208, 8880 LedegemHoldings

since 20212.324.162.560

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,865 m²

Buildings1

Building footprint245 m²

Volume (LiDAR)1,374 m³

Tallest building8.7 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Flanders 1 (100%)