Equity
€171,865 ▼ 14.4%
ARDELEC SERVICES paid out €46,438 in dividends. That is 264% of the 2025 profit.
ARDELEC SERVICES
Lifetime
7 annual accounts with figures on one time axispeak €147,021 (2023)
€53,730▼ 31.9%
lowest -€88 (2022)
€17,605▼ 51.0%
peak €200,698 (2024)
€171,865▼ 14.4%
€110,486▲ 28.6%
Board3 names since 2018
2 directorsArdelean Alin and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €78,895 to €53,730Result from €35,953 to €17,605Dividend €46,438Equity from €200,698 to €171,865Debts from €85,934 to €110,486Cash from €30,116 to €0
Key points
from the 2025 annual accountsFilings
7 annual accounts 5 late
The 2019 accounts came latest: 52 days after the end of the period.
Position in the sector
€171,865
More equity than 80% of companies in specialised construction. Sector median €57,703 · 35,137 companies.
Checked score
51
Fair
Financially stronger than 41% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.0%▼ -0.2 percentage points vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.1%▲ +0.1 percentage points vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.2%▲ +0.1 percentage points vs 06-2025
08-2025: 1.6%▲ +0.4 percentage points vs 07-2025
09-2025: 0.7%▼ -0.9 percentage points vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025lowest value
02-2026: 0.7%● unchanged vs 01-2026lowest value
03-2026: 0.7%● unchanged vs 02-2026lowest value
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.3 percentage points vs 07-2026
09-2026: 2.8%▲ +1.7 percentage points vs 08-2026highest value
10-2026: 2.8%● unchanged vs 09-2026highest value
11-2026: 2.8%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.67, cash €0, halved
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
Founded in 2018
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 66% of them on solvency, 24% on liquidity, 52% on profitability and 21% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as ARDELEC SERVICES has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ARDELEC SERVICES itself is higher: 2.8% within 12 months. It rests on far more data about ARDELEC SERVICES than the profile alone.
Test of the method
The method was tested on the 497,447 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 26,972 companies, not a prediction for ARDELEC SERVICES. 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.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.67 (4.37 in 2024), above the usual 1.5. Short-term debt is 32.4% and cash 0% of total assets. 39.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
31 days late
2024
27 days late
2023
26 days late
2022
5 days early
2021
26 days late
2020
1 day early
2019
52 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0713598316
Reappointment: Ardelean Alin (director)
General meeting of 21-12-2023 · Gazette deed
Resignation: CATANA Florin (manager)
Director discharge: CATANA Florin · General meeting of 01-02-2019 · Gazette deed
Appointment: CATANA Florin (manager)
General meeting of 07-12-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARDELEC SERVICES Ganshoren | €282,351 | €53,730 | 60.9% | - |
| FINTA CONSTRUCT Anderlecht | €264,242 | €57,559 | 31.1% | - |
| HBNC Schaerbeek | €258,334 | €67,958 | 29.6% | - |
| EURO BUSINESS Molenbeek-Saint-Jean | €235,889 | €51,942 | 53.2% | - |
| RDVB Anderlecht | €244,929 | €60,352 | 50.9% | - |
| Techno H.D. Tubize | €289,215 | €50,725 | 10.9% | - |
| Ludovic Ghesquière Comines-Warneton | €293,500 | €56,990 | 32.1% | - |
These companies have the same main activity as ARDELEC SERVICES: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €236,000 and €293,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 15-11-2018Normal situation
- Activity
- Other specialised construction activitiesNACE 43990
- Establishment unit
- 2.283.498.1801083 Ganshoren, since 15-11-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 13-10-2025
Insights on ARDELEC SERVICES
ARDELEC SERVICES files the micro format. That format states no turnover. The gross margin fell from €65,048 in 2019 to €53,730 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.
Key facts about ARDELEC SERVICES
- What is the company number of ARDELEC SERVICES?
- The company number of ARDELEC SERVICES is 0713.598.316. The VAT number is the same number with BE in front: BE 0713.598.316.
- Where is ARDELEC SERVICES based?
- The registered office is at Eeuwfeestsquare 39, 1083 Ganshoren.Company details
- What does ARDELEC SERVICES do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of ARDELEC SERVICES?
- ARDELEC SERVICES is a private limited company (BV).
- When was ARDELEC SERVICES founded?
- ARDELEC SERVICES was founded on 15-11-2018.
- Is ARDELEC SERVICES still active?
- Yes, ARDELEC SERVICES is an active enterprise in the KBO register.
- What is the turnover of ARDELEC SERVICES?
- The turnover of ARDELEC SERVICES was €0 in financial year 2025, according to the filed annual accounts.Financials
- Is ARDELEC SERVICES profitable?
- In financial year 2025, ARDELEC SERVICES made a profit of €17,605.
- Where can I find the annual accounts of ARDELEC SERVICES?
- ARDELEC SERVICES filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARDELEC SERVICES due?
- ARDELEC SERVICES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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