ARDELEC SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of ARDELEC SERVICES is 3.1% (moderate). The 2025 annual accounts show equity of €172k and a net result of €18k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 27786 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-7
Solvency86▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.67 against 4.37 in 2024; short-term debt: 32.4% and cash: 0% of total assets), and 39.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
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 2025Solvency, return and age of the figures
Solvency
60.9%
Return on assets
6.2%
Age of the figures
9 mo
neutral · 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.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
26 d late
2022
5 d early
2021
26 d late
2020
1 d early
2019
52 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2024 · €0
2021: €0
2022: €0
2023: €0
2024: €0
2021 → 2025
Total assets
€282k▼ 1.5%
2024 · €287k
2019: €219k
2020: €158k
2021: €233k
2022: €169k
2023: €287k
2024: €287k
2019 → 2025
Net result
€18k▼ 51.0%
2024 · €36k
2019: €46k
2020: €8k
2021: €21k
2022: €-88
2023: €83k
2024: €36k
2019 → 2025
Working capital
€153k▼ 11.4%
2024 · €173k
2019: €32k
2020: €9k
2021: €56k
2022: €54k
2023: €132k
2024: €173k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€0€0€0€0
Equity€82k-€82k▼ 0.1%€165k▲ 102%€201k▲ 21.8%€172k▼ 14.4%
Operating result€30k-€6k▼ 78.8%€120k▲ 1,762%€54k▼ 55.1%€28k▼ 48.4%
Net result€21k-€-88€83k€36k▼ 56.8%€18k▼ 51.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €282k
Fixed assets
€38k ▼ 39.9%
Current assets
€245k ▲ 9.2%
Equity and liabilities €282k
Equity
€172k ▼ 14.4%
Debt
€110k ▲ 28.6%
Debt's share of the balance-sheet total rises from 30.0% to 39.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€53k▼
2024 · €78k
Cash flow
€43k▼
2024 · €60k
Current ratio
2.67▼
2024 · 4.37
Debt to equity
0.64▲
2024 · 0.43
ROE
10.2%▼
2024 · 17.9%
ROA
6.2%▼
2024 · 12.5%
Interest coverage
9.90▼
2024 · 23.31
Debt ≤ 1 year
€92k▲
2024 · €51k
Debt > 1 year
€18k▼
2024 · €35k
Income taxes
€8k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€287k€282k▼
Fixed assets21/28€62k€38k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€62k€38k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€21k€13k▼
Leasing and similar rights25€39k€23k▼
Current assets29/58€224k€245k▲
Amounts receivable within one year40/41€192k€230k▲
Trade receivables40€105k€174k▲
Other amounts receivable41€86k€56k▼
Cash at bank and in hand54/58€30k€0▼
Deferred charges and accrued income490/1€2k€15k▲
Equity and liabilities
Total equity and liabilities10/49€287k€282k▼
Equity10/15€201k€172k▼
Contributions10/11€6k€6k=
Reserves13€195k€166k▼
Distributable reserves133€195k€166k▼
Profit (loss) carried forward14€-88€-88=
Amounts payable17/49€86k€110k▲
Amounts payable after more than one year17€35k€18k▼
Financial debts170/4€35k€18k▼
Amounts payable within one year42/48€51k€92k▲
Current portion of amounts payable after more than one year42€17k€17k▲
Financial debts43-€20k
Credit institutions430/8-€20k
Trade debts44€27k€55k▲
Suppliers440/4€27k€55k▲
Taxes, remuneration and social security45€8k€0▼
Taxes450/3€8k€0▼
Accrued charges and deferred income492/3-€894
Income statement
Code20242025
Turnover70€0€0=
Goods, raw materials, services and sundry goods60/61€0€0=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€25k▲
Other operating charges640/8€572€924▲
Gross operating margin9900€79k€54k▼
Operating profit (loss)9901€54k€28k▼
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€54k€25k▼
Income taxes67/77€18k€8k▼
Profit (loss) for the period9904€36k€18k▼
Profit (loss) for the period to be appropriated9905€36k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€18k▼
Profit (loss) brought forward from the previous period14P€-88€-88=
Transfer from equity791/2-€46k
Transfer to equity691/2€36k€18k▼
To other reserves6921€36k€18k▼
Profit to be distributed694/7-€46k
Return on contributions (dividend)694-€46k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Equity above €200kEq €201k ▲21.8%
2 profitable years in a row build equity to €201k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €83k
Net result €83k after one loss-making year.
31-12
Financial
Equity above €150kEq €165k ▲102%
Equity rises from €82k to €165k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-88 ▼100%
Net result drops to €-88, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ganshoren · 1 establishment unit since 2018
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.
Eeuwfeestsquare 391083 GanshorenGround area
254 m²
Building footprint
106 m²
Volume, LiDAR
1,156 m³
Parcel 21008A0377/00M000, Brussels · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ARDELEC SERVICES
since 20182.283.498.180
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21008A0377/00M000 | Brussels | 254 m² | 1 · 106 m² | 14.3 m · 4 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.
Recognitions · licences · registrations
Recognised contractor
7 categoriesARDELEC SERVICES SRL44916
Similar companies · same sector, comparable size
Elegant Design
BE 0467.287.206
Brecht · Eq €171,752
CRC-BATI
BE 0644.923.207
Sint-Jans-Molenbeek · Eq €171,701
BATICOM MD
BE 0859.985.667
Herstal · Eq €171,515
BRUSSELS RENOV
BE 0893.482.341
Elsene · Eq €172,224
CUAly PROJECTS
BE 0781.633.324
Oostende · Eq €172,246
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,974 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.