ARDSON
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 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 · 7 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 16-08-2024, 16 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
16 d late
2022
49 d early
2021
3 d late
2020
30 d early
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 9 days before 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)
Financials · fiscal year 2023, unclassified schema
Turnover
€14.5m
EBIT margin
2.4%
Net result
€190,487▼ 36.0%
2022 · €297,463
Working capital
€475,945▲ 25.8%
2022 · €378,349
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
Line20192020202120222023
Turnover€14.5m
Operating result€133,716▼ 16.5%€245,816▲ 83.8%€251,109▲ 2.2%€452,514▲ 80.2%€346,817▼ 23.4%
Net result€102,531▼ 6.8%€184,070▲ 79.5%€195,544▲ 6.2%€297,463▲ 52.1%€190,487▼ 36.0%
EBIT margin2.4%
Equity€617,652▲ 19.9%€913,927▲ 48.0%€1.0m▲ 13.9%€1.2m▲ 11.4%€1.3m▲ 15.7%
Total assets€5.7m▲ 48.2%€6.2m▲ 8.4%€6.0m▼ 4.2%€6.3m▲ 6.1%€7.4m▲ 17.9%
Debt€5.1m▲ 52.5%€5.3m▲ 3.6%€4.9m▼ 7.4%€5.2m▲ 5.0%€6.1m▲ 18.5%
Working capital€188,958▼ 83.2%€382,156▲ 102%€380,246▼ 0.5%€378,349▼ 0.5%€475,945▲ 25.8%
Staff (FTE)15.4▲ 2.7%14.2▼ 7.8%13.1▼ 7.7%13.2▲ 0.8%15.1▲ 14.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 23% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €7.4m
Fixed assets
€2.5m ▼ 4.9%
Current assets
€4.9m ▲ 34.3%
Equity and liabilities €7.4m
Equity
€1.3m ▲ 15.7%
Debt
€6.1m ▲ 18.5%
Debt's share of the balance-sheet total rises from 81.6% to 82.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€509,505▼
2022 · €606,646
Cash flow
€353,175▼
2022 · €451,595
Current ratio
1.11▼
2022 · 1.11
Quick ratio
0.33▼
2022 · 0.36
Debt to equity
4.55▲
2022 · 4.45
ROE
14.2%▼
2022 · 25.7%
ROA
2.6%▼
2022 · 4.7%
Interest coverage
5.75▼
2022 · 8.97
Debt ≤ 1 year
€4.5m▲
2022 · €3.3m
Debt > 1 year
€1.6m▼
2022 · €1.9m
Income taxes
€77,271▼
2022 · €87,388
Staff costs
€994,638▲
2022 · €774,211
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €15.4m | - |
| Turnover70 | - | - | - | - | €14.5m | - |
| Other operating income74 | - | - | - | - | €916,274 | - |
| Operating charges60/66A | - | - | - | - | €15.0m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €12.9m | - |
| Purchases600/8 | - | - | - | - | €14.0m | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | -€1.1m | - |
| Services and other goods61 | - | - | - | - | €803,405 | - |
| Remuneration, social security and pensions62 | - | - | €766,971 | €774,211 | €994,638 | ▲ 28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €119,310 | €196,168 | €189,052 | €154,132 | €162,688 | ▲ 5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €65,803 | €38,451 | €99,032 | ▲ 158% |
| Other operating charges640/8 | - | - | €45,044 | €44,634 | €51,410 | ▲ 15.2% |
| Non-recurring operating charges66A | - | - | €54,504 | - | - | - |
| Gross operating margin9900 | €1.0m | €1.1m | €1.4m | €1.5m | - | - |
| Operating profit (loss)9901 | €133,716 | €245,816 | €251,109 | €452,514 | €346,817 | ▼ 23.4% |
| Financial income75/76B | - | - | - | - | €9,630 | - |
| Recurring financial income75 | €13,823 | €15 | - | - | €9,630 | - |
| Other financial income752/9 | - | - | - | - | €9,630 | - |
| Financial charges65/66B | - | - | €54,968 | €67,663 | €88,689 | ▲ 31.1% |
| Recurring financial charges65 | €44,492 | €61,322 | €54,968 | €67,663 | €88,689 | ▲ 31.1% |
| Debt charges650 | - | - | - | - | €88,656 | - |
| Other financial charges652/9 | - | - | - | - | €33 | - |
| Profit (loss) for the period before taxes9903 | €103,047 | €184,508 | €196,141 | €384,851 | €267,758 | ▼ 30.4% |
| Income taxes67/77 | €516 | €439 | €597 | €87,388 | €77,271 | ▼ 11.6% |
| Taxes670/3 | - | - | - | - | €79,080 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €1,809 | - |
| Profit (loss) for the period9904 | €102,531 | €184,070 | €195,544 | €297,463 | €190,487 | ▼ 36.0% |
| Profit (loss) for the period to be appropriated9905 | €102,531 | €184,070 | €195,544 | €297,463 | €190,487 | ▼ 36.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.7m | €6.2m | €6.0m | €6.3m | €7.4m | ▲ 17.9% |
| Fixed assets21/28 | €3.1m | €2.9m | €2.7m | €2.6m | €2.5m | ▼ 4.9% |
| Intangible fixed assets21 | €30,667 | €14,667 | - | - | - | - |
| Tangible fixed assets22/27 | €3.0m | €2.9m | €2.7m | €2.6m | €2.5m | ▼ 4.7% |
| Land and buildings22 | - | - | €2.5m | €2.4m | €2.3m | ▼ 4.5% |
| Plant, machinery and equipment23 | - | - | €148,238 | €192,810 | €171,738 | ▼ 10.9% |
| Furniture and vehicles24 | - | - | €100,217 | €70,346 | €73,759 | ▲ 4.9% |
| Financial fixed assets28 | €5,011 | €8,961 | €8,961 | €9,925 | €3,675 | ▼ 63.0% |
| Other financial fixed assets284/8 | - | - | - | - | €3,675 | - |
| Shares284 | - | - | - | - | €0 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €3,675 | - |
| Current assets29/58 | €2.7m | €3.3m | €3.2m | €3.7m | €4.9m | ▲ 34.3% |
| Stocks and contracts in progress3 | €2.0m | €1.9m | €2.0m | €2.5m | €3.5m | ▲ 40.0% |
| Stocks30/36 | - | - | €2.0m | €2.5m | €3.5m | ▲ 40.0% |
| Goods purchased for resale34 | - | - | - | - | €3.5m | - |
| Amounts receivable within one year40/41 | €388,679 | €1.2m | €954,871 | €543,843 | €1.3m | ▲ 142% |
| Trade receivables40 | - | - | €696,056 | €442,122 | €994,117 | ▲ 125% |
| Other amounts receivable41 | - | - | €258,814 | €101,722 | €320,510 | ▲ 215% |
| Cash at bank and in hand54/58 | €245,794 | €257,691 | €307,752 | €635,719 | €135,652 | ▼ 78.7% |
| Deferred charges and accrued income490/1 | - | - | €13,459 | €20,674 | €18,021 | ▼ 12.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.7m | €6.2m | €6.0m | €6.3m | €7.4m | ▲ 17.9% |
| Equity10/15 | €617,652 | €913,927 | €1.0m | €1.2m | €1.3m | ▲ 15.7% |
| Contributions10/11 | €400,000 | - | €400,000 | €400,000 | €400,000 | = |
| Reserves13 | €11,874 | €11,874 | €11,874 | €11,874 | €11,874 | = |
| Non-distributable reserves130/1 | - | - | €11,874 | €11,874 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €11,874 | €11,874 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | €11,874 | - |
| Profit (loss) carried forward14 | €205,779 | €349,848 | €495,392 | €632,855 | €823,343 | ▲ 30.1% |
| Investment grants15 | - | - | €133,382 | €114,558 | €105,768 | ▼ 7.7% |
| Amounts payable17/49 | €5.1m | €5.3m | €4.9m | €5.2m | €6.1m | ▲ 18.5% |
| Amounts payable after more than one year17 | €2.6m | €2.4m | €2.1m | €1.9m | €1.6m | ▼ 11.5% |
| Financial debts170/4 | - | - | €2.1m | €1.9m | €1.6m | ▼ 11.5% |
| Credit institutions173 | - | - | - | - | €1.6m | - |
| Amounts payable within one year42/48 | €2.5m | €2.9m | €2.9m | €3.3m | €4.5m | ▲ 35.2% |
| Current portion of amounts payable after more than one year42 | - | - | €556,071 | €494,580 | €230,996 | ▼ 53.3% |
| Financial debts43 | - | - | - | - | €15,958 | - |
| Credit institutions430/8 | - | - | - | - | €15,958 | - |
| Trade debts44 | €1.9m | €2.3m | €2.2m | €2.5m | €3.9m | ▲ 54.0% |
| Suppliers440/4 | - | - | €2.2m | €2.5m | €3.9m | ▲ 54.0% |
| Advances received on contracts in progress46 | - | - | €9,000 | €6,000 | €133,538 | ▲ 2,126% |
| Taxes, remuneration and social security45 | - | - | €54,256 | €112,119 | €189,869 | ▲ 69.3% |
| Taxes450/3 | - | - | €4,357 | €37,390 | €70,759 | ▲ 89.2% |
| Remuneration and social security454/9 | - | - | €49,899 | €74,729 | €119,111 | ▲ 59.4% |
| Other amounts payable47/48 | - | - | €46,250 | €160,000 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €102,531 | €184,070 | €195,544 | €297,463 | €190,487 | ▼ 36.0% |
| + Depreciation and write-downs630 | €119,310 | €196,168 | €189,052 | €154,132 | €162,688 | ▲ 5.6% |
| Operating cash flow (approximation) | €221,841 | €380,238 | €384,596 | €451,595 | €353,175 | ▼ 21.8% |
| Investment in fixed assets (approximation) | - | -€37,036 | -€17,927 | -€64,529 | -€33,509 | ▲ 48.1% |
| Change in cash | - | €11,896 | €50,061 | €327,967 | -€500,067 | ▼ 252% |
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
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 16 days late
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €297,463 ▲52.1%
Operating result €452,514, net result €297,463, both a record.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
2021
31-12
Financial
Equity above €1mEq €1.0m ▲13.9%
4 profitable years in a row build equity to €1.0m.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
31-12
Financial
Weakest financial yearnet €102,531 ▼6.8%
Net result drops to €102,531, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Owners and holdings
2 ownersChain of control
- LOMAX
- ARDSON
Highest known parent: LOMAX. The sources do not say who stands above it.
Owners 2
- LOMAXparentSourceaccounts LOMAX 2022100%
- NOVABILparentSourceaccounts NOVABIL 202391.2%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.