ARDEN RENOV
InactiveARDEN RENOV was declared bankrupt on 19-07-2024 (Tribunal de l’entreprise de Liège, division Neufchâteau); the bankruptcy was closed for insufficient assets by judgment of 23-05-2025, published in the Belgian State Gazette on 30-05-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-10-2023, 87 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
87 d late
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€128k
EBIT margin
3.4%
Net result
€-68k▼ 555%
2021 · €-10k
2018: €1k
2019: €8k
2020: €7k
2021: €-10k
2018 → 2022
Working capital
€-44k
2021 · €22k
2018: €3k
2019: €16k
2020: €26k
2021: €22k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€128k-
Equity€18k-€27k▲ 46.1%€33k▲ 24.5%€23k▼ 30.9%€-45k
Operating result€4k-€12k▲ 171%€9k▼ 21.1%€-8k€-65k▼ 704%
Net result€1k-€8k▲ 492%€7k▼ 22.5%€-10k€-68k▼ 555%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €65k in 2022 against €8k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €28k
Fixed assets
€375 ▼ 89.4%
Current assets
€28k ▼ 79.2%
Key figures and ratios
EBITDA
€-63k▼
2021 · €-5k
Cash flow
€-66k▼
2021 · €-7k
Solvency
-157.8%▼
2021 · 16.8%
Current ratio
0.39▼
2021 · 1.20
Debt to equity
-1.63▼
2021 · 4.94
ROA
-239.5%▼
2021 · -7.5%
Interest coverage
-21.19▼
2021 · -2.06
Debt
€73k▼
2021 · €114k
Debt ≤ 1 year
€72k▼
2021 · €112k
Staff costs
€17▼
2021 · €45k
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 · 2022 against 2021 · 50 lines
Balance sheet
Code20212022
Assets
Total assets20/58€137k€28k▼
Fixed assets21/28€4k€375▼
Tangible fixed assets22/27€3k€75▼
Plant, machinery and equipment23€2k€0▼
Furniture and vehicles24€997€75▼
Financial fixed assets28€300€300=
Current assets29/58€134k€28k▼
Amounts receivable within one year40/41€130k€24k▼
Trade receivables40€120k€19k▼
Other amounts receivable41€9k€5k▼
Cash at bank and in hand54/58€0€0=
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€137k€28k▼
Equity10/15€23k€-45k▼
Contributions10/11€19k€19k=
Reserves13€413€413=
Non-distributable reserves130/1€413€413=
Reserves not available under the articles1311€413€413=
Profit (loss) carried forward14€4k€-64k▼
Amounts payable17/49€114k€73k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€112k€72k▼
Current portion of amounts payable after more than one year42€2k€0▼
Financial debts43€33k€28k▼
Credit institutions430/8€33k€28k▼
Trade debts44€34k€16k▼
Suppliers440/4€34k€16k▼
Advances received on contracts in progress46€10k€11k▲
Taxes, remuneration and social security45€23k€3k▼
Taxes450/3€17k€2k▼
Remuneration and social security454/9€5k€1k▼
Other amounts payable47/48€10k€14k▲
Accrued charges and deferred income492/3€3k€924▼
Income statement
Code20212022
Remuneration, social security and pensions62€45k€17▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€82k
Other operating charges640/8€4k€1k▼
Non-recurring operating charges66A-€130
Gross operating margin9900€44k€21k▼
Operating profit (loss)9901€-8k€-65k▼
Financial income75/76B€39€85▲
Recurring financial income75€39€85▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-10k€-68k▼
Profit (loss) for the period9904€-10k€-68k▼
Profit (loss) for the period to be appropriated9905€-10k€-68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-64k▼
Profit (loss) brought forward from the previous period14P€14k€4k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Neufchâteau · event 23-05-2025
2024
25-07
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Neufchâteau · event 19-07-2024
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
31-12
Financial
Weakest financial yearnet €-68k
Net result drops to €-68k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €8k ▲492%
Operating result €12k, net result €8k, both a record.
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 49 days late
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
2015
05-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 5 days late
2014
31-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | GUILLAUME LEONARD GRAND RUE 1,
6800 LIBRAMONT-CHEVIGNY |
19-07-2024 → 23-05-2025 |
| Curator | VIVIANE
HOSCHEIT GRAND’RUE 1, 6800 LIBRAMONT-CHEVIGNY- |
19-07-2024 → 23-05-2025 |