Equity
€437,584 from €1.1m in 2018
Equity fell by 60% in 7 years.
ARDOR
Lifetime
19 annual accounts with figures on one time axispeak €558,886 (2020)
€54,410▼ 24.8%
lowest -€163,328 (2025)
-€163,328▼ €86,078
peak €1.1m (2018)
€437,584▼ 27.2%
€3.2m▲ 18.7%
peak 0.5 FTE (2019)
-not published
Board1 name since 2020
1 director
Documentsfilings and deeds
30-03-202631 days before the deadline
2025micro format
Gross margin from €72,360 to €54,410Loss of €163,328Equity from €600,912 to €437,584Debts from €2.7m to €3.2mInvestments €442,986Cash from €25,758 to €65,116
Key points
from the 2025 annual accountsLosses
-€458,794 in six years
Every financial year from 2020 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€3.2m 88% of the balance sheet
Financial debts 51%Suppliers 0%Taxes and wages 0%Other 49%
Of this, €202,535 falls due within a year.
Investments
€442,986 3.0 × depreciation
Green is investment, beige is depreciation. Machinery stands 158.9% higher than in 2024.
Filings
19 annual accounts since 2007
The last five annual accounts were filed 31 to 133 days before the end of the period.
Position in the sector
-€163,328
Lower net result than 95% of companies in head offices and management consultancy. Sector median €26,442 · 41,246 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,453 companies had the same profile as ARDOR has now. Each dot stands for 7 companies, two years later.
93.1%
were still trading
5.1%
stopped another way
1.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,453 companies, not a prediction for ARDOR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0881890643
Change of role: , from manager to director
Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: (manager) · holds all the shares · General meeting of 16-05-2023 · Gazette deed
Registered office moved from Berchem to Antwerp
New registered office: Ahomenlaan 34 2020 Antwerpen · Previous registered office: Koninklijkelaan 21 2600 Berchem · General meeting of 20-02-2019 · Gazette deed
Capital decrease of €315,900 to €90,000
Capital from €405,900 to €90,000 · holds 2,122 shares · General meeting of 29-10-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARDOR Antwerp | €3.6m | €54,410 | 12.1% | - |
| DenX Hove | €3.6m | €47,602 | 99.2% | - |
| LEGADEMA INTERNATIONAL Putte | €3.5m | €64,632 | 58.5% | - |
| AD-connect Aartselaar | €3.6m | €64,266 | 93.8% | 0 |
| LOU-CAS Heist-op-den-Berg | €3.1m | €44,669 | -68.1% | 0 |
| BSMART Genk | €3.4m | €49,739 | 60.4% | - |
| OPRAZ Ixelles | €4.1m | €50,784 | 83.5% | - |
These companies have the same main activity as ARDOR: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €3.1m and €4.1m, founded between 2006 and 2008.
Official details
Source: KBO- Status
- Active since 15-06-2006Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 30-09-2025
- Establishment unit
- 2.154.782.6452020 Antwerp, since 12-06-2006
- Financial year end
- 30 September
- Peppol
- Reachable since 03-09-2025
Annual accounts to 30-09-2025
- ≈ €110,000estimated
- €3.6m▲ 10.2%
- Employeeson 30-09-2025
- 1=
- Filing
- Filed on 30-03-2026, 31 days before the end of the filing period
Insights on ARDOR
ARDOR files the micro format. That format states no turnover. The gross margin fell from €153,215 in 2007 to €54,410 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARDOR
- What is the company number of ARDOR?
- The company number of ARDOR is 0881.890.643. The VAT number is the same number with BE in front: BE 0881.890.643.
- Where is ARDOR based?
- The registered office is at Ahornenlaan 34, 2020 Antwerp.Company details
- What does ARDOR do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of ARDOR?
- ARDOR is a private limited company (BV).
- When was ARDOR founded?
- ARDOR was founded on 15-06-2006.
- Is ARDOR still active?
- Yes, ARDOR is an active enterprise in the KBO register.
- How many employees does ARDOR have?
- ARDOR had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ARDOR fall under?
- In its 30-09-2025 annual accounts, ARDOR states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of ARDOR?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €54,410 and 120 comparable companies (NACE 70200). It probably lies between €84,000 and €140,000.
- Is ARDOR profitable?
- In financial year 2025, ARDOR made a loss of €163,328.
- Where can I find the annual accounts of ARDOR?
- ARDOR filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARDOR due?
- ARDOR must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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