ARDOCO
ActiveThe file of ARDOCO contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
For ARDOCO, at least two filing cycles of the annual accounts are missing. The computed 12-month bankruptcy probability is 2.0% (moderate). The 2022 annual accounts show equity of €30,103 and a net result of €19. Equity is growing by ~2.6% per year across the filed fiscal years.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability31▼-38
Solvency30▼-1
Growth52=
Track record85
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2022Solvency, return and age of the figures
Solvency
5.4%
Return on assets
0%
Age of the figures
45 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 deadline28-09-2026 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 29-08-2023, 29 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
29 d late
2021
61 d late
2020
31 d late
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 42 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Turnover
€227,000
EBIT margin
2.7%
Net result
€19▼ 92.9%
2021 · €274
Working capital
-€175,708▼ 56.6%
2021 · -€112,190
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€227,000-
Operating result€6,087-€8,305▲ 36.4%€7,029▼ 15.4%€4,182▼ 40.5%€12,905▲ 209%
Net result€2,231-€61▼ 97.2%€2,344▲ 3,719%€274▼ 88.3%€19▼ 92.9%
EBIT margin2.7%-
Equity€27,404-€27,465▲ 0.2%€29,809▲ 8.5%€30,083▲ 0.9%€30,103▲ 0.1%
Total assets€528,414-€430,168▼ 18.6%€413,889▼ 3.8%€482,308▲ 16.5%€555,997▲ 15.3%
Debt€501,010-€402,703▼ 19.6%€384,080▼ 4.6%€452,225▲ 17.7%€525,894▲ 16.3%
Working capital-€121,503--€143,514▼ 18.1%-€116,653▲ 18.7%-€112,190▲ 3.8%-€175,708▼ 56.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 209% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €555,997
Fixed assets
€427,030 ▲ 24.5%
Current assets
€128,967 ▼ 7.4%
Equity and liabilities €555,997
Equity
€30,103 ▲ 0.1%
Debt
€525,894 ▲ 16.3%
Debt's share of the balance-sheet total rises from 93.8% to 94.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18,854▼
2021 · €27,414
Cash flow
€5,968▼
2021 · €23,505
Current ratio
0.42▼
2021 · 0.55
Debt to equity
17.47▲
2021 · 15.03
ROE
0.1%▼
2021 · 0.9%
ROA
0.0%▼
2021 · 0.1%
Interest coverage
1.46▼
2021 · 7.01
Debt ≤ 1 year
€304,675▲
2021 · €251,475
Debt > 1 year
€221,219▲
2021 · €200,750
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €227,000 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,066 | €45,917 | €43,732 | €23,232 | €5,949 | ▼ 74.4% |
| Other operating charges640/8 | - | - | - | €62 | €1,089 | ▲ 1,657% |
| Gross operating margin9900 | €64,684 | €55,293 | €51,829 | €27,476 | €19,943 | ▼ 27.4% |
| Operating profit (loss)9901 | €6,087 | €8,305 | €7,029 | €4,182 | €12,905 | ▲ 209% |
| Financial charges65/66B | - | - | - | €3,908 | €12,885 | ▲ 230% |
| Recurring financial charges65 | €3,856 | €8,243 | €4,684 | €3,908 | €12,885 | ▲ 230% |
| Profit (loss) for the period before taxes9903 | €2,231 | €61 | €2,344 | €274 | €19 | ▼ 92.9% |
| Profit (loss) for the period9904 | €2,231 | €61 | €2,344 | €274 | €19 | ▼ 92.9% |
| Profit (loss) for the period to be appropriated9905 | €2,231 | €61 | €2,344 | €274 | €19 | ▼ 92.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €528,414 | €430,168 | €413,889 | €482,308 | €555,997 | ▲ 15.3% |
| Fixed assets21/28 | €444,648 | €408,414 | €366,255 | €343,024 | €427,030 | ▲ 24.5% |
| Tangible fixed assets22/27 | €444,648 | €408,414 | €366,255 | €343,024 | €427,030 | ▲ 24.5% |
| Land and buildings22 | - | - | - | €343,024 | €342,709 | ▼ 0.1% |
| Furniture and vehicles24 | - | - | - | - | €84,321 | - |
| Current assets29/58 | €83,767 | €21,755 | €47,634 | €139,285 | €128,967 | ▼ 7.4% |
| Amounts receivable within one year40/41 | - | €8,903 | €45,000 | €80,929 | €115,000 | ▲ 42.1% |
| Trade receivables40 | - | - | - | €80,000 | €115,000 | ▲ 43.8% |
| Other amounts receivable41 | - | - | - | €929 | - | - |
| Cash at bank and in hand54/58 | €83,767 | €12,852 | €2,634 | €58,356 | €13,967 | ▼ 76.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €528,414 | €430,168 | €413,889 | €482,308 | €555,997 | ▲ 15.3% |
| Equity10/15 | €27,404 | €27,465 | €29,809 | €30,083 | €30,103 | ▲ 0.1% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €6,944 | €7,005 | €9,349 | €9,623 | €9,643 | ▲ 0.2% |
| Amounts payable17/49 | €501,010 | €402,703 | €384,080 | €452,225 | €525,894 | ▲ 16.3% |
| Amounts payable after more than one year17 | €295,741 | €237,435 | €219,793 | €200,750 | €221,219 | ▲ 10.2% |
| Financial debts170/4 | - | - | - | €200,750 | €221,219 | ▲ 10.2% |
| Amounts payable within one year42/48 | €205,270 | €165,269 | €164,287 | €251,475 | €304,675 | ▲ 21.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19,043 | €28,884 | ▲ 51.7% |
| Financial debts43 | - | - | - | - | €150,000 | - |
| Credit institutions430/8 | - | - | - | - | €150,000 | - |
| Trade debts44 | €175,266 | - | €3,660 | €4,235 | €5,000 | ▲ 18.1% |
| Suppliers440/4 | - | - | - | €4,235 | €5,000 | ▲ 18.1% |
| Taxes, remuneration and social security45 | - | - | - | €48,137 | €38,516 | ▼ 20.0% |
| Taxes450/3 | - | - | - | €48,137 | €38,516 | ▼ 20.0% |
| Other amounts payable47/48 | - | - | - | €180,060 | €82,275 | ▼ 54.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,231 | €61 | €2,344 | €274 | €19 | ▼ 92.9% |
| + Depreciation and write-downs630 | €57,066 | €45,917 | €43,732 | €23,232 | €5,949 | ▼ 74.4% |
| Operating cash flow (approximation) | €59,297 | €45,978 | €46,076 | €23,505 | €5,968 | ▼ 74.6% |
| Investment in fixed assets (approximation) | - | -€9,683 | -€1,573 | €0 | -€89,955 | - |
| Change in cash | - | -€70,915 | -€10,217 | €55,721 | -€44,389 | ▼ 180% |
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
2025
09-04
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 03-04-2025
31-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 23-01-2025
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €19 ▼92.9%
Net result drops to €19, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €2,344 ▲3,719%
Net result €2,344, the highest in the series.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 434 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 59 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kinrooi · 1 establishment unit since 2010
Ground area
2,747 m²
Building footprint
109 m²
Volume, LiDAR
595 m³
Parcel 72026A0827/00X000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARDOCO
since 20102.193.857.908
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72026A0827/00X000 | Flanders | 2,747 m² | 1 · 109 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 | KATHLEEN VELKENEERS KASTEELSTRAAT 23B,
3840 BORGLOON |
23-01-2025 → 03-04-2025 |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded06-12-2010
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
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