ARDETIS

Active

Private limited companyfounded 20205 yrs activeChemin de Buissenal(Mai) 28, 7812 Ath, BelgiumKBO/BCE: BE 0760.597.685

The computed 12-month bankruptcy probability of ARDETIS is 2.7% (moderate). The 2024 annual accounts show equity of €55k and a net result of €84k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 36376 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

58 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency44▼-39

Growth78=

Track record94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity tight (current ratio 1.22 against 2.36 in 2023; short-term debt: 80.9% and cash: 86.3% of total assets), and 80.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

19.1%

Return on assets

29.2%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 36376 sector peers (2024).

NBB · sector comparison

Position among 36376 sector peers

Solvency

better than 21%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

21 d early

2023

36 d early

2022

31 d early

2021

32 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€55k▼ 69.4%

2023 · €180k

2021: €45k 2022: €83k 2023: €180k

2021 → 2024

Total assets

€288k▼ 6.8%

2023 · €309k

2021: €74k 2022: €130k 2023: €309k

2021 → 2024

Net result

€84k▼ 13.0%

2023 · €97k

2021: €40k 2022: €38k 2023: €97k

2021 → 2024

Working capital

€51k▼ 71.0%

2023 · €175k

2021: €42k 2022: €77k 2023: €175k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€45k-€83k▲ 83.5%€180k▲ 116%€55k▼ 69.4%

Operating result€50k-€48k▼ 5.4%€122k▲ 156%€106k▼ 13.6%

Net result€40k-€38k▼ 6.1%€97k▲ 155%€84k▼ 13.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 14% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €288k

98.5%

Fixed assets €4k▼ 14.9%

Current assets €284k▼ 6.7%

Equity and liabilities €288k

19.1%

80.9%

Equity €55k▼ 69.4%

Debt €233k▲ 80.3%

The debt ratio rises from 41.8% to 80.9%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€107k▼

2023 · €124k

Cash flow

€86k▼

2023 · €99k

Solvency

19.1%▼

2023 · 58.2%

Current ratio

1.22▼

2023 · 2.36

Quick ratio

1.15▼

2023 · 2.28

Debt / equity

4.24▲

2023 · 0.72

ROE

152.8%▲

2023 · 53.8%

ROA

29.2%▼

2023 · 31.3%

Interest coverage

64.75▼

2023 · 175.90

Debt

€233k▲

2023 · €129k

Debt ≤ 1 year

€233k▲

2023 · €129k

Income taxes

€22k▼

2023 · €26k

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€309k€288k▼

Fixed assets21/28€5k€4k▼

Tangible fixed assets22/27€5k€4k▼

Land and buildings22€3k€3k▼

Plant, machinery and equipment23€447-

Furniture and vehicles24€1k€1k▲

Current assets29/58€304k€284k▼

Stocks and contracts in progress3€10k€15k▲

Stocks30/36€10k€15k▲

Amounts receivable within one year40/41€101k€20k▼

Trade receivables40€97k€17k▼

Other amounts receivable41€4k€3k▼

Cash at bank and in hand54/58€194k€248k▲

Deferred charges and accrued income490/1€65€389▲

Equity and liabilities

Total equity and liabilities10/49€309k€288k▼

Equity10/15€180k€55k▼

Contributions10/11€5k€5k=

Profit (loss) carried forward14€175k€50k▼

Amounts payable17/49€129k€233k▲

Amounts payable within one year42/48€129k€233k▲

Trade debts44€82k€9k▼

Suppliers440/4€82k€9k▼

Taxes, remuneration and social security45€40k€15k▼

Taxes450/3€40k€15k▼

Other amounts payable47/48€7k€209k▲

Accrued charges and deferred income492/3€225-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼

Other operating charges640/8€512€515▲

Gross operating margin9900€125k€108k▼

Operating profit (loss)9901€122k€106k▼

Financial income75/76B€1k€2k▲

Recurring financial income75€1k€2k▲

Financial charges65/66B€707€2k▲

Recurring financial charges65€707€2k▲

Profit (loss) for the period before taxes9903€123k€106k▼

Income taxes67/77€26k€22k▼

Profit (loss) for the period9904€97k€84k▼

Profit (loss) for the period to be appropriated9905€97k€84k▼

Appropriation of the result

Profit (loss) to be appropriated9906€175k€259k▲

Profit (loss) brought forward from the previous period14P€78k€175k▲

Profit to be distributed694/7-€209k

Return on contributions (dividend)694-€209k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

10-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

25-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2021net €97k ▲155%

Operating result €122k, net result €97k, both a record.

31-12

Financial Equity above €150kEq €180k ▲116%

3 profitable years in a row build equity to €180k.

30-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €38k ▼6.1%

Net result drops to €38k, the lowest in the series; recovery starts the following year.

29-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Ath · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Chemin de Buissenal(Mai) 287812 Ath

Ground area

410 m²

Building footprint

238 m²

Volume, LiDAR

1,390 m³

Parcel 51041C0408/00C002, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

ARDETIS

Chemin de Buissenal(Mai) 28, 7812 AthRepair, maintenance and installation of machinery and equipment

since 20212.311.186.435

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
51041C0408/00C002	Wallonia	410 m²	1 · 237 m²	7.1 m · 2 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.

Similar companies · same sector, comparable size

MS Chauffage Sanitaire

BE 0778.351.556

Libin · Eq €55k

Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,632 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-12-2020

Fiscal year end31-12

Activities, NACEBEL

43222Installation of electric heating, air conditioning, cooling and ventilation

33110Repair and maintenance of fabricated metal products

42219Civil engineering

43221Plumbing work

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.