ARDEN PROJECTS
Open bankruptcyA bankruptcy procedure is open for ARDEN PROJECTS according to publications in the Belgian State Gazette; curator: STEVEN NYSTEN.
Summary
The 2024 annual accounts show equity of €239k and a net result of €-81k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
35 d late
2022
102 d late
2021
16 d late
2020
89 d late
2019
81 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€239k▼ 25.3%
2023 · €319k
2019: €27k
2020: €32k
2021: €80k
2022: €100k
2023: €319k
2019 → 2024
Total assets
€591k▼ 2.6%
2023 · €607k
2019: €70k
2020: €61k
2021: €125k
2022: €125k
2023: €607k
2019 → 2024
Net result
€-81k
2023 · €219k
2019: €7k
2020: €5k
2021: €49k
2022: €20k
2023: €219k
2019 → 2024
Working capital
€193k▼ 34.5%
2023 · €295k
2019: €27k
2020: €20k
2021: €61k
2022: €92k
2023: €295k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€32k-€80k▲ 154%€100k▲ 24.6%€319k▲ 220%€239k▼ 25.3%
Operating result€9k-€72k▲ 688%€24k▼ 66.1%€294k▲ 1,103%€-90k
Net result€5k-€49k▲ 889%€20k▼ 59.3%€219k▲ 1,011%€-81k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €90k after €294k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €591k
Fixed assets
€80k ▲ 231%
Current assets
€511k ▼ 12.3%
Equity and liabilities €591k
Equity
€239k ▼ 25.3%
Debt
€352k ▲ 22.5%
Debt's share of the balance-sheet total rises from 47.4% to 59.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-77k▼
2023 · €300k
Cash flow
€-68k▼
2023 · €226k
Current ratio
1.61▼
2023 · 2.03
Debt to equity
1.48▲
2023 · 0.90
ROE
-33.8%▼
2023 · 68.7%
ROA
-13.7%▼
2023 · 36.2%
Interest coverage
-48.72▼
2023 · 290.71
Debt ≤ 1 year
€318k▲
2023 · €287k
Debt > 1 year
€34k
Staff costs
€39k▲
2023 · €7k
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€607k€591k▼
Fixed assets21/28€24k€80k▲
Tangible fixed assets22/27€24k€80k▲
Plant, machinery and equipment23€352€26k▲
Furniture and vehicles24€24k€54k▲
Current assets29/58€583k€511k▼
Amounts receivable within one year40/41€575k€504k▼
Trade receivables40€358k€260k▼
Other amounts receivable41€218k€243k▲
Cash at bank and in hand54/58€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€607k€591k▼
Equity10/15€319k€239k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€299k€219k▼
Amounts payable17/49€287k€352k▲
Amounts payable after more than one year17-€34k
Financial debts170/4-€34k
Amounts payable within one year42/48€287k€318k▲
Current portion of amounts payable after more than one year42-€9k
Financial debts43-€1
Credit institutions430/8-€1
Trade debts44€191k€175k▼
Suppliers440/4€191k€175k▼
Advances received on contracts in progress46€11k€11k=
Taxes, remuneration and social security45€85k€106k▲
Taxes450/3€85k€80k▼
Remuneration and social security454/9€453€25k▲
Other amounts payable47/48-€17k
Income statement
Code20232024
Remuneration, social security and pensions62€7k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€13k▲
Other operating charges640/8€1k€8k▲
Gross operating margin9900€308k€-30k▼
Operating profit (loss)9901€294k€-90k▼
Financial income75/76B€1€11k▲
Recurring financial income75€1€11k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€293k€-81k▼
Income taxes67/77€73k-
Profit (loss) for the period9904€219k€-81k▼
Profit (loss) for the period to be appropriated9905€219k€-81k▼
Appropriation of the result
Profit (loss) to be appropriated9906€299k€219k▼
Profit (loss) brought forward from the previous period14P€80k€299k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
22-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ARDEN PROJECTS BV EXCEL- SIORLAAN 71, 1930 ZAVENTEM · event 16-06-2026
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-81k ▼137%
Net result drops to €-81k, the lowest in the series.
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 35 days late
2023
31-12
Financial
Highest result since 2019net €219k ▲1011%
Operating result €294k, net result €219k, both a record.
31-12
Financial
Equity above €200kEq €319k ▲220%
5 profitable years in a row build equity to €319k.
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 102 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Zaventem · 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.
Excelsiorlaan 711930 ZaventemGround area
5,436 m²
Building footprint
1,487 m²
Volume, LiDAR
14,271 m³
Parcel 23094D0036/00W000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ARDEN PROJECTS
since 20182.308.591.288
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0036/00W000 | Flanders | 5,436 m² | 1 · 1,487 m² | 12.6 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN NYSTEN PEGASUSLAAN 5, 1831 DIEGEM- |
16-06-2026 → present |
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 6,079 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
Founded27-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
49410Freight transport by road
41001General construction of residential buildings
42110Construction of roads and motorways
42130Civil engineering
42211Civil engineering
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.