ARDENNE ELECTRO
ActiveARDENNE ELECTRO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €663k and a net result of €126k. Equity is growing by ~38.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 3550 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+2
Solvency61▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.91 in 2023; short-term debt: 57.3% and cash: 11.8% of total assets), and 64% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
56 d late
2022
71 d late
2021
22 d late
2020
88 d late
2019
80 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€126k▲ 39.4%
2023 · €90k
2018: €56k
2019: €61k
2020: €-163k
2021: €263k
2022: €142k
2023: €90k
2018 → 2024
Working capital
€-60k▲ 42.5%
2023 · €-104k
2018: €-328k
2019: €-330k
2020: €-246k
2021: €-47k
2022: €-133k
2023: €-104k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€283k▲ 1,110%€422k▲ 49.3%€510k▲ 20.7%€663k▲ 30.1%
Operating result€-188k-€260k€159k▼ 39.1%€114k▼ 28.2%€154k▲ 35.3%
Net result€-163k-€263k€142k▼ 45.8%€90k▼ 36.5%€126k▲ 39.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 35% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.84M
Fixed assets
€846k▲ 11.2%
Current assets
€996k▼ 8.8%
Equity and liabilities €1.84M
Equity
€663k▲ 30.1%
Debt
€1.18M▼ 12.3%
The debt ratio falls from 72.5% to 64.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€247k▲
2023 · €199k
Cash flow
€219k▲
2023 · €175k
Solvency
36.0%▲
2023 · 27.5%
Current ratio
0.94▲
2023 · 0.91
Quick ratio
0.68▼
2023 · 0.69
Debt / equity
1.78▼
2023 · 2.63
ROE
19.0%▲
2023 · 17.7%
ROA
6.8%▲
2023 · 4.9%
Interest coverage
13.98▲
2023 · 10.56
Debt
€1.18M▼
2023 · €1.34M
Debt ≤ 1 year
€1.06M▼
2023 · €1.20M
Debt > 1 year
€99k▼
2023 · €147k
Income taxes
€36k▲
2023 · €29k
Staff costs
€407k▲
2023 · €350k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.85M€1.84M▼
Fixed assets21/28€761k€846k▲
Intangible fixed assets21€0€0▼
Tangible fixed assets22/27€760k€845k▲
Land and buildings22€677k€729k▲
Plant, machinery and equipment23€15k€7k▼
Furniture and vehicles24€37k€85k▲
Leasing and similar rights25€31k€24k▼
Financial fixed assets28€785€785=
Current assets29/58€1.09M€996k▼
Stocks and contracts in progress3€272k€280k▲
Stocks30/36€240k€250k▲
Contracts in progress37€32k€30k▼
Amounts receivable within one year40/41€605k€490k▼
Trade receivables40€580k€456k▼
Other amounts receivable41€25k€34k▲
Cash at bank and in hand54/58€202k€217k▲
Deferred charges and accrued income490/1€13k€9k▼
Equity and liabilities
Total equity and liabilities10/49€1.85M€1.84M▼
Equity10/15€510k€663k▲
Contributions10/11€30k€30k=
Reserves13€457k€582k▲
Distributable reserves133€457k€582k▲
Investment grants15€23k€51k▲
Amounts payable17/49€1.34M€1.18M▼
Amounts payable after more than one year17€147k€99k▼
Financial debts170/4€147k€99k▼
Amounts payable within one year42/48€1.20M€1.06M▼
Current portion of amounts payable after more than one year42€108k€65k▼
Trade debts44€118k€80k▼
Suppliers440/4€118k€80k▼
Advances received on contracts in progress46€422k€365k▼
Taxes, remuneration and social security45€88k€84k▼
Taxes450/3€44k€51k▲
Remuneration and social security454/9€44k€33k▼
Other amounts payable47/48€461k€462k▲
Accrued charges and deferred income492/3-€24k
Income statement
Code20232024
Non-recurring operating income76A€7k€1k▼
Remuneration, social security and pensions62€350k€407k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€93k▲
Other operating charges640/8€11k€7k▼
Non-recurring operating charges66A€408-
Gross operating margin9900€561k€661k▲
Operating profit (loss)9901€114k€154k▲
Financial income75/76B€24k€26k▲
Recurring financial income75€24k€26k▲
Financial charges65/66B€19k€18k▼
Recurring financial charges65€19k€18k▼
Profit (loss) for the period before taxes9903€119k€162k▲
Income taxes67/77€29k€36k▲
Profit (loss) for the period9904€90k€126k▲
Profit (loss) for the period to be appropriated9905€90k€126k▲
Appropriation of the result
Profit (loss) to be appropriated9906€90k€126k▲
Transfer to equity691/2€90k€126k▲
To other reserves6921€90k€126k▲
Social balance
Average headcount (FTE)90876.47.3▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 54 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 56 days late
2023
31-12
Financial
Equity above €500kEq €510k ▲20.7%
3 profitable years in a row build equity to €510k.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 71 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
31-12
Financial
Back to profitnet €263k
Net result €263k after one loss-making year.
31-12
Financial
Equity above €200kEq €283k ▲1110%
Equity rises from €23k to €283k.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
31-12
Financial
Weakest financial yearnet €-163k ▼368%
Net result drops to €-163k, the lowest in the series; recovery starts the following year.
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 80 days late
2019
31-12
Financial
Equity above €150kEq €154k ▲65.2%
2 profitable years in a row build equity to €154k.
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 42 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, Gedinne · 1 establishment unit since 2015
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.
Station 385575 GedinneGround area
2,272 m²
Building footprint
316 m²
Parcel 91054C0091/00A004, Wallonia. Linked by address, not a title deed.
1 establishment unit
ARDENNE ELECTRO
since 20152.248.058.241
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91054C0091/00A004 | Wallonia | 2,272 m² | 1 · 316 m² | - |
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.
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Of 20,030 companies in sector 43320 we hold annual accounts for 9,135. 5,340 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-2015
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
47551Retail sale of household furniture
47591Retail trade
43221Plumbing work
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@ardenne-electro.be
Phone:061/58.89.06
Fax:061/58.80.68