ARDO
ActiveSummary
ARDO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117.70M and a net result of €5.20M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
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Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 91 lines
The notes to these accounts (80 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €138.30M | €499.97M | €769.24M | ▲ 53.9% |
| Turnover70 | €136.89M | €130.99M | €136.54M | €539.19M | €792.84M | ▲ 47.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €188k | €-42.30M | €-24.58M | ▲ 41.9% |
| Other operating income74 | - | - | €497k | €2.35M | €957k | ▼ 59.2% |
| Non-recurring operating income76A | - | - | €1.07M | €737k | €15k | ▼ 97.9% |
| Operating charges60/66A | - | - | €136.09M | €502.38M | €762.80M | ▲ 51.8% |
| Goods for resale, raw materials and consumables60 | - | - | €130.73M | €466.06M | €734.83M | ▲ 57.7% |
| Purchases600/8 | - | - | €130.73M | €493.86M | €759.07M | ▲ 53.7% |
| Change in stocks: decrease (increase)609 | - | - | - | €-27.80M | €-24.24M | ▲ 12.8% |
| Services and other goods61 | - | - | €3.89M | €18.07M | €10.81M | ▼ 40.2% |
| Remuneration, social security and pensions62 | - | - | €1.41M | €10.70M | €14.65M | ▲ 36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59k | €72k | €53k | €166k | €1.90M | ▲ 1,044% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-561 | €73k | €51k | ▼ 29.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €40k | €42k | ▲ 5.0% |
| Other operating charges640/8 | - | - | €1k | €33k | €519k | ▲ 1,481% |
| Non-recurring operating charges66A | - | - | - | €7.24M | €1k | ▼ 100.0% |
| Operating profit (loss)9901 | €256k | €555k | €2.21M | €-2.41M | €6.44M | ▲ 368% |
| Financial income75/76B | - | - | €3.32M | €6.70M | €6.56M | ▼ 2.1% |
| Recurring financial income75 | €10k | €62k | €3.32M | €5.57M | €5.59M | ▲ 0.3% |
| Income from financial fixed assets750 | - | - | €3.00M | - | - | - |
| Income from current assets751 | - | - | - | €3.52M | €4.25M | ▲ 20.7% |
| Other financial income752/9 | - | - | €322k | €2.06M | €1.34M | ▼ 34.7% |
| Non-recurring financial income76B | - | - | - | €1.13M | €975k | ▼ 13.8% |
| Financial charges65/66B | - | - | €143k | €7.04M | €5.35M | ▼ 23.9% |
| Recurring financial charges65 | €223k | €215k | €143k | €7.04M | €5.35M | ▼ 23.9% |
| Debt charges650 | €11k | €85 | €153 | €4.14M | €474k | ▼ 88.5% |
| Other financial charges652/9 | - | - | €143k | €2.90M | €4.88M | ▲ 68.1% |
| Profit (loss) for the period before taxes9903 | €43k | €402k | €5.39M | €-2.74M | €7.65M | ▲ 379% |
| Income taxes67/77 | €28k | €114k | €702k | €508k | €2.45M | ▲ 383% |
| Taxes670/3 | - | - | €702k | €508k | €2.45M | ▲ 383% |
| Profit (loss) for the period9904 | €15k | €288k | €4.69M | €-3.25M | €5.20M | ▲ 260% |
| Profit (loss) for the period to be appropriated9905 | €15k | €288k | €4.69M | €-3.25M | €5.20M | ▲ 260% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16.68M | €16.72M | €27.34M | €82.52M | €210.97M | ▲ 156% |
| Fixed assets21/28 | €2.67M | €2.60M | €1.29M | €2.60M | €650k | ▼ 75.0% |
| Intangible fixed assets21 | €224k | €152k | €99k | €25k | €99k | ▲ 292% |
| Tangible fixed assets22/27 | - | - | - | €2.18M | €196k | ▼ 91.0% |
| Land and buildings22 | - | - | - | €2.10M | €87k | ▼ 95.9% |
| Plant, machinery and equipment23 | - | - | - | €6k | €5k | ▼ 12.2% |
| Furniture and vehicles24 | - | - | - | €53k | €69k | ▲ 29.9% |
| Other tangible fixed assets26 | - | - | - | €22k | €35k | ▲ 59.5% |
| Financial fixed assets28 | €2.44M | €2.44M | €1.19M | €390k | €354k | ▼ 9.1% |
| Affiliated companies280/1 | - | - | €1.19M | €332k | €284k | ▼ 14.5% |
| Participating interests280 | - | - | €1.19M | €332k | €284k | ▼ 14.5% |
| Other financial fixed assets284/8 | - | - | - | €58k | €71k | ▲ 21.9% |
| Shares284 | - | - | - | €250 | €250 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €58k | €70k | ▲ 22.0% |
| Current assets29/58 | €14.01M | €14.12M | €26.05M | €79.93M | €210.32M | ▲ 163% |
| Stocks and contracts in progress3 | €212k | €290k | €478k | €945 | - | - |
| Stocks30/36 | - | - | €143k | €945 | - | - |
| Work in progress32 | - | - | €8k | - | - | - |
| Finished goods33 | - | - | €134k | €945 | - | - |
| Contracts in progress37 | - | - | €335k | - | - | - |
| Amounts receivable within one year40/41 | €12.20M | €13.41M | €23.58M | €74.99M | €206.17M | ▲ 175% |
| Trade receivables40 | - | - | €11.69M | €55.47M | €50.23M | ▼ 9.4% |
| Other amounts receivable41 | - | - | €11.89M | €19.52M | €155.93M | ▲ 699% |
| Cash at bank and in hand54/58 | €1.59M | €416k | €1.99M | €4.84M | €3.96M | ▼ 18.3% |
| Deferred charges and accrued income490/1 | - | - | - | €96k | €200k | ▲ 109% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16.68M | €16.72M | €27.34M | €82.52M | €210.97M | ▲ 156% |
| Equity10/15 | €1.77M | €2.06M | €2.75M | €23.17M | €117.70M | ▲ 408% |
| Contributions10/11 | €333k | €333k | €333k | €21.60M | €60.12M | ▲ 178% |
| Capital10 | - | - | €333k | €15.16M | €31.23M | ▲ 106% |
| Issued capital100 | - | - | €333k | €15.16M | €31.23M | ▲ 106% |
| Outside capital11 | - | - | - | €6.44M | €28.88M | ▲ 348% |
| Share premium1100/10 | - | - | - | €6.44M | €28.88M | ▲ 348% |
| Reserves13 | €1.21M | €1.50M | €2.19M | €1.57M | €57.59M | ▲ 3,561% |
| Non-distributable reserves130/1 | - | - | €33k | €127k | €1.99M | ▲ 1,474% |
| Legal reserve130 | - | - | €33k | €121k | €1.99M | ▲ 1,539% |
| Other1319 | - | - | - | €5k | €5k | = |
| Tax-exempt reserves132 | - | - | €26k | €32k | €38k | ▲ 16.6% |
| Distributable reserves133 | - | - | €2.13M | €1.41M | €55.55M | ▲ 3,828% |
| Profit (loss) carried forward14 | €227k | €227k | €227k | - | - | - |
| Provisions and deferred taxes16 | - | - | - | €40k | €365k | ▲ 812% |
| Provisions for liabilities and charges160/5 | - | - | - | €40k | €358k | ▲ 795% |
| Pensions and similar obligations160 | - | - | - | €40k | €245k | ▲ 511% |
| Other liabilities and charges164/5 | - | - | - | - | €114k | - |
| Deferred taxes168 | - | - | - | - | €7k | - |
| Amounts payable17/49 | €14.90M | €14.65M | €24.59M | €59.31M | €92.90M | ▲ 56.6% |
| Amounts payable within one year42/48 | €14.90M | €14.65M | €24.24M | €59.12M | €92.58M | ▲ 56.6% |
| Financial debts43 | - | - | - | - | €2.57M | - |
| Other loans439 | - | - | - | - | €2.57M | - |
| Trade debts44 | €14.73M | €14.39M | €23.49M | €56.92M | €84.49M | ▲ 48.4% |
| Suppliers440/4 | - | - | €23.49M | €56.92M | €84.49M | ▲ 48.4% |
| Taxes, remuneration and social security45 | - | - | €745k | €2.20M | €5.50M | ▲ 151% |
| Taxes450/3 | - | - | €570k | €873k | €3.14M | ▲ 259% |
| Remuneration and social security454/9 | - | - | €175k | €1.32M | €2.37M | ▲ 79.2% |
| Other amounts payable47/48 | - | - | - | €5k | €6k | ▲ 37.8% |
| Accrued charges and deferred income492/3 | - | - | €352k | €188k | €326k | ▲ 73.4% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €288k | €4.69M | €-3.25M | €5.20M | ▲ 260% |
| + Depreciation and write-downs630 | €59k | €72k | €53k | €166k | €1.90M | ▲ 1,044% |
| Operating cash flow (approximation) | €74k | €360k | €4.74M | €-3.08M | €7.10M | ▲ 330% |
| Investment in fixed assets (approximation) | - | €0 | €1.25M | - | €50k | - |
| Change in cash | - | €-1.18M | €1.57M | - | €-887k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
26-08
State Gazette act
Appointment: Sebastiaan Besems (director)2 facts ▸
- General meeting, 05-03-2026
- Director appointment, Sebastiaan Besems (director)
Show earlier events
About the unread acts
Of the 26 Belgian State Gazette acts we know for this company, 1 has been read. The other 25 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001C1498/00A000 | Flanders | 5,807 m² | 1 · 2,144 m² | 14.5 m |
Linked by address, not proof of ownership
Structure & network
Acquisitions and mergers
1 transactionRecognitions · licences · registrations
Food safety, FASFC
1 siteLegal Entity Identifier
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Identification & contact
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