ARDORIUS
ActiveSummary
The computed 12-month bankruptcy probability of ARDORIUS is 2.8% (moderate). The 2025 annual accounts show equity of €45,253 and a net result of €57,668. Equity has been growing by about 27% per year since 2022. Its solvency ranks better than 27% of 13,741 sector peers (NACE 46, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-10-2021 Normal situation
- Activity
- Wholesale trade NACE 46630and 5 others
- Establishment unit
- 2.322.850.585 2880 Bornem, since 04-10-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 18-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.8%
- Gross margin
- €95,865
- ▲ 13.0%
- Turnover
- ≈ €510,000
- estimated
- Profit
- €57,668
- ▲ 2.6%
- Equity
- €45,253
- ▼ 4.9%
- Total assets
- €435,975
- ▲ 14.9%
Score breakdownraises riskFounded in 20211 change of registered office in 24 months1 of the last 3 accounts latelowers riskSize: total assets €435,975Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 24% of them on solvency, 37% on liquidity, 80% on profitability and 31% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 23 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is 14% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,282 | €424,710 | - | - |
| Depreciation and write-downs of the year | €1,282 | €75,152 | €7,091 | €7,091 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,282 | €75,152 | €7,091 | €7,091 | = |
| Other operating charges640/8 | €1,102 | €712 | €2,012 | €2,538 | ▲ 26.1% |
| Gross operating margin9900 | €29,503 | €46,537 | €84,856 | €95,865 | ▲ 13.0% |
| Operating profit (loss)9901 | €27,120 | -€29,328 | €75,752 | €86,236 | ▲ 13.8% |
| Financial charges65/66B | €152 | €3,760 | €13,633 | €12,913 | ▼ 5.3% |
| Recurring financial charges65 | €152 | €3,760 | €13,633 | €12,913 | ▼ 5.3% |
| Profit (loss) for the period before taxes9903 | €26,968 | -€33,088 | €62,119 | €73,323 | ▲ 18.0% |
| Income taxes67/77 | €5,520 | - | €5,894 | €15,655 | ▲ 166% |
| Profit (loss) for the period9904 | €21,448 | -€33,088 | €56,225 | €57,668 | ▲ 2.6% |
| Profit (loss) for the period to be appropriated9905 | €21,448 | -€33,088 | €56,225 | €57,668 | ▲ 2.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €45,083 | €351,560 | €379,400 | €435,975 | ▲ 14.9% |
| Fixed assets21/28 | - | €349,558 | €342,467 | €335,376 | ▼ 2.1% |
| Tangible fixed assets22/27 | - | €349,558 | €342,467 | €335,376 | ▼ 2.1% |
| Land and buildings22 | - | €349,558 | €342,467 | €335,376 | ▼ 2.1% |
| Current assets29/58 | €45,083 | €2,003 | €36,933 | €100,600 | ▲ 172% |
| Amounts receivable within one year40/41 | €16,628 | €1,354 | €24,731 | €97,706 | ▲ 295% |
| Trade receivables40 | €16,628 | €1,354 | €24,731 | €97,706 | ▲ 295% |
| Cash at bank and in hand54/58 | €28,455 | €648 | €11,373 | €2,294 | ▼ 79.8% |
| Deferred charges and accrued income490/1 | - | - | €830 | €600 | ▼ 27.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €45,083 | €351,560 | €379,400 | €435,975 | ▲ 14.9% |
| Equity10/15 | €24,448 | -€8,640 | €47,585 | €45,253 | ▼ 4.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €21,448 | - | €44,585 | €42,253 | ▼ 5.2% |
| Distributable reserves133 | €21,448 | - | €44,585 | €42,253 | ▼ 5.2% |
| Profit (loss) carried forward14 | - | -€11,640 | - | - | - |
| Amounts payable17/49 | €20,635 | €360,200 | €331,815 | €390,722 | ▲ 17.8% |
| Amounts payable after more than one year17 | - | €301,767 | €285,368 | €268,260 | ▼ 6.0% |
| Financial debts170/4 | - | €301,767 | €285,368 | €268,260 | ▼ 6.0% |
| Amounts payable within one year42/48 | €20,635 | €58,434 | €45,223 | €121,212 | ▲ 168% |
| Current portion of amounts payable after more than one year42 | - | €15,684 | €16,399 | €17,108 | ▲ 4.3% |
| Trade debts44 | €6,385 | €3,364 | €4,072 | €4,488 | ▲ 10.2% |
| Suppliers440/4 | €6,385 | €3,364 | €4,072 | €4,488 | ▲ 10.2% |
| Advances received on contracts in progress46 | - | €21,780 | €1,004 | €726 | ▼ 27.7% |
| Taxes, remuneration and social security45 | €9,227 | €11,061 | €12,557 | €36,453 | ▲ 190% |
| Taxes450/3 | €9,227 | €11,061 | €12,557 | €36,453 | ▲ 190% |
| Other amounts payable47/48 | €5,023 | €6,546 | €11,190 | €62,437 | ▲ 458% |
| Accrued charges and deferred income492/3 | - | - | €1,225 | €1,250 | ▲ 2.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,448 | -€33,088 | €56,225 | €57,668 | ▲ 2.6% |
| + Depreciation and write-downs630 | €1,282 | €75,152 | €7,091 | €7,091 | = |
| Operating cash flow (approximation) | €22,729 | €42,065 | €63,316 | €64,759 | ▲ 2.3% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | -€27,807 | €10,725 | -€9,079 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,713 companies had the same profile as ARDORIUS has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ARDORIUS itself is higher: 2.8% within 12 months. It rests on far more data about ARDORIUS than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,713 companies, not a prediction for ARDORIUS. 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.
Board & ownership
Directors
Owners and capital
Owners
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, algemene vergadering die bestuurder(s) benoemt bepaalt aantal,duur opdracht en bij meerdere bestuurders…”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, 27”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “28, bestuurder(s) in functie”
Articles of association, deed of 06-10-2021 (in Dutch)
Network & group
ARDORIUS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of ARDORIUS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
13-12
Gazette deed
Registered office moved from Antwerpen to BornemNew seat: Eksterlaan 1, 2880 Bornem · Previous seat: DESGUINLEI 86 bus 703, 2018 ANTWERPEN2 points ▸
- General meeting, 11-07-2024
- Registered-office move, Eksterlaan 1, 2880 Bornem
06-10
Gazette deed
IncorporationAppointment: COLLAKU Ardor (director) · Permanent representative: COLLAKU Ardor · Founder7 points ▸
- Incorporation, 30-09-2021
- Founder, COLLAKU Ardor
- Founding capital
- Registered office clause, “2018 Antwerpen,Desguinlei 86,bus 703” (deed in Dutch)
- Director appointment, COLLAKU Ardor (director (not named in the articles))
- Permanent representative, COLLAKU Ardor
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten ondernomen in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- DESGUINLEI 86 bus 703, 2018 Antwerpen until 31-07-2024 · act of 13-12-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12362G0559/00G000 | Flanders | 872 m² | 1 · 220 m² | 9.4 m · 1 |