Ardonit
ActiveSummary
Ardonit has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €579,770 and a net result of €279,707. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 88% of 8711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+13
Solvency100=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 5.41 against 2.15 in 2024; short-term debt: 8.4% and cash: 3.9% of total assets), and 8.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.6%
Return on assets
44.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192122232425
2018 to 2025 · latest year €579,770
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
29 d early
2023
31 d late
2022
31 d early
2021
11 d early
2020
31 d late
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€579,770▲ 35.8%
2024 · €426,998
Total assets
€633,220▲ 27.1%
2024 · €498,045
Net result
€279,707▲ 291%
2024 · €71,497
Working capital
€235,826▲ 216%
2024 · €74,677
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
Line20212022202320242025
Operating result€34,755-€38,409▲ 10.5%€29,078▼ 24.3%€99,425▲ 242%€7,694▼ 92.3%
Net result€24,962-€27,483▲ 10.1%€96,266▲ 250%€71,497▼ 25.7%€279,707▲ 291%
Equity€350,548-€260,068▼ 25.8%€356,334▲ 37.0%€426,998▲ 19.8%€579,770▲ 35.8%
Total assets€367,165-€438,019▲ 19.3%€428,376▼ 2.2%€498,045▲ 16.3%€633,220▲ 27.1%
Debt€16,617-€177,951▲ 971%€72,042▼ 59.5%€71,047▼ 1.4%€53,450▼ 24.8%
Working capital€27,253--€108,505-€5,502▲ 94.9%€74,677€235,826▲ 216%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Net result +291% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €633,220
Fixed assets
€343,944 ▼ 4.0%
Current assets
€289,276 ▲ 107%
Equity and liabilities €633,220
Equity
€579,770 ▲ 35.8%
Debt
€53,450 ▼ 24.8%
Debt's share of the balance-sheet total falls from 14.3% to 8.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,596▼
2024 · €114,235
Cash flow
€294,608▲
2024 · €86,308
Current ratio
5.41▲
2024 · 2.15
Debt to equity
0.09▼
2024 · 0.17
ROE
48.2%▲
2024 · 16.7%
ROA
44.2%▲
2024 · 14.4%
Interest coverage
34.14▼
2024 · 131.75
Debt ≤ 1 year
€53,450▼
2024 · €65,100
Income taxes
€29,587▲
2024 · €27,062
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €26,917 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4,480 | €14,165 | €14,811 | €14,901 | ▲ 0.6% |
| Other operating charges640/8 | €979 | €460 | €499 | €2,118 | €532 | ▼ 74.9% |
| Gross operating margin9900 | €35,734 | €43,349 | €43,743 | €116,353 | €23,127 | ▼ 80.1% |
| Operating profit (loss)9901 | €34,755 | €38,409 | €29,078 | €99,425 | €7,694 | ▼ 92.3% |
| Financial income75/76B | €24 | €464 | €84,152 | €2 | €302,261 | ▲ 15,188,904% |
| Recurring financial income75 | €24 | €464 | €84,152 | €2 | €302,261 | ▲ 15,188,904% |
| Financial charges65/66B | €312 | €935 | €1,134 | €867 | €662 | ▼ 23.7% |
| Recurring financial charges65 | €312 | €935 | €1,134 | €867 | €662 | ▼ 23.7% |
| Profit (loss) for the period before taxes9903 | €34,467 | €37,938 | €112,096 | €98,560 | €309,293 | ▲ 214% |
| Income taxes67/77 | €9,505 | €10,455 | €15,830 | €27,062 | €29,587 | ▲ 9.3% |
| Profit (loss) for the period9904 | €24,962 | €27,483 | €96,266 | €71,497 | €279,707 | ▲ 291% |
| Profit (loss) for the period to be appropriated9905 | €24,962 | €27,483 | €96,266 | €71,497 | €279,707 | ▲ 291% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €367,165 | €438,019 | €428,376 | €498,045 | €633,220 | ▲ 27.1% |
| Fixed assets21/28 | €323,295 | €389,640 | €375,475 | €358,268 | €343,944 | ▼ 4.0% |
| Tangible fixed assets22/27 | €117,319 | €183,664 | €169,499 | €152,292 | €137,969 | ▼ 9.4% |
| Land and buildings22 | €117,319 | €117,319 | €117,319 | €112,886 | €112,886 | = |
| Furniture and vehicles24 | - | €66,345 | €52,180 | €39,406 | €25,083 | ▼ 36.3% |
| Financial fixed assets28 | €205,976 | €205,976 | €205,976 | €205,976 | €205,976 | = |
| Current assets29/58 | €43,870 | €48,379 | €52,901 | €139,777 | €289,276 | ▲ 107% |
| Amounts receivable within one year40/41 | €19,026 | €21,023 | €38,930 | €119,236 | €263,216 | ▲ 121% |
| Trade receivables40 | €15,125 | €7,563 | €37,813 | €86,213 | €30,433 | ▼ 64.7% |
| Other amounts receivable41 | €3,901 | €13,461 | €1,117 | €33,023 | €232,783 | ▲ 605% |
| Cash at bank and in hand54/58 | €24,844 | €26,329 | €12,876 | €18,523 | €24,856 | ▲ 34.2% |
| Deferred charges and accrued income490/1 | - | €1,026 | €1,095 | €2,018 | €1,204 | ▼ 40.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €367,165 | €438,019 | €428,376 | €498,045 | €633,220 | ▲ 27.1% |
| Equity10/15 | €350,548 | €260,068 | €356,334 | €426,998 | €579,770 | ▲ 35.8% |
| Contributions10/11 | €35,337 | €35,337 | €35,337 | €35,337 | €35,337 | = |
| Reserves13 | €280,981 | €224,731 | €320,997 | €391,564 | €544,330 | ▲ 39.0% |
| Distributable reserves133 | €280,981 | €224,731 | €320,997 | €391,564 | €544,330 | ▲ 39.0% |
| Profit (loss) carried forward14 | €34,230 | - | - | €97 | €104 | ▲ 6.9% |
| Amounts payable17/49 | €16,617 | €177,951 | €72,042 | €71,047 | €53,450 | ▼ 24.8% |
| Amounts payable after more than one year17 | - | €21,067 | €13,639 | €5,947 | - | - |
| Financial debts170/4 | - | €21,067 | €13,639 | €5,947 | - | - |
| Amounts payable within one year42/48 | €16,617 | €156,884 | €58,403 | €65,100 | €53,450 | ▼ 17.9% |
| Current portion of amounts payable after more than one year42 | €2,000 | €9,177 | €7,428 | €7,692 | €5,947 | ▼ 22.7% |
| Trade debts44 | €190 | €1,438 | €172 | €967 | €14,749 | ▲ 1,425% |
| Suppliers440/4 | €190 | €1,438 | €172 | €967 | €14,749 | ▲ 1,425% |
| Taxes, remuneration and social security45 | €9,137 | €8,159 | €24,648 | €36,450 | €32,754 | ▼ 10.1% |
| Taxes450/3 | €9,137 | €8,159 | €24,648 | €36,450 | €32,754 | ▼ 10.1% |
| Other amounts payable47/48 | €5,290 | €138,110 | €26,155 | €19,991 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,962 | €27,483 | €96,266 | €71,497 | €279,707 | ▲ 291% |
| + Depreciation and write-downs630 | - | €4,480 | €14,165 | €14,811 | €14,901 | ▲ 0.6% |
| Operating cash flow (approximation) | €24,962 | €31,963 | €110,431 | €86,308 | €294,608 | ▲ 241% |
| Investment in fixed assets (approximation) | - | -€70,825 | €0 | €2,396 | -€578 | ▼ 124% |
| Change in cash | - | €1,485 | -€13,453 | €5,647 | €6,333 | ▲ 12.2% |
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
Next filing, fiscal year 2026, expected by
2026
27-07
State Gazette act
Capital & shares · RestructuringPermanent representative: DELIE Nicolas · Merger · Accounting effect6 facts ▸
State Gazette act
Capital & shares · Restructuring
Permanent representative: DELIE Nicolas · Merger · Accounting effect6 facts ▸
- General meeting
- Merger, geruisloze fusie, 01-01-2026
- Accounting effect, 01-01-2026
- Name change, Eastlane
- Power of attorney, DELIE & MEULEMEESTER
- Permanent representative, DELIE Nicolas
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
13-05
State Gazette act
RestructuringMerger · Accounting effect · Shareholding6 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Shareholding6 facts ▸
- Board meeting, 26-02-2026
- Merger, fusion by absorption (met fusie door overneming gelijkgestelde verrichting)
- Accounting effect, 01-01-2026
- Shareholding, 100%
- Asset disposition, 2DRIVE verkocht recentelijk zijn handelsfonds en bezit het recht van opstal van de gronden waarvan ARDONIT eigenaar is
- Purpose expansion, Het voorwerp van de overnemende vennootschap zal voor zoveel als nodig uitgebreid worden om het doel en de activiteiten van de over te nemen vennootschap te omv…
2025
31-12
Financial
Highest result since 2018net €279,707 ▲291%
Net result €279,707, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 5.41
Current ratio from 2.15 to 5.41; short-term debt falls from €65,100 to €53,450.
31-12
Financial
Equity above €500,000Eq €579,770 ▲35.8%
7 profitable years in a row build equity to €579,770.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.15
Current ratio from 0.91 to 2.15.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €24,962 ▼80%
Net result drops to €24,962, the lowest in the series; recovery starts the following year.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500,000Eq €613,218 ▲25.6%
2 profitable years in a row build equity to €613,218.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 2 have been read. The other 3 have not 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 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ardooie · 1 establishment unit since 1983
Ground area
5,365 m²
Building footprint
1,725 m²
Volume, LiDAR
9,813 m³
Parcel 36001D0127/00X000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ARDONIT BVBA
since 19832.063.311.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001D0127/00X000 | Flanders | 5,365 m² | 1 · 1,725 m² | 7.9 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
99%
According to the 2025 annual accounts of Ardonit and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:2DRIVE
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Logé
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 33,423 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-04-1981
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0421452726
Also
9925:BE0421452726
Registered
29-09-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.