Equity
€55,019 ▲ 22.1%
AREDO has made a profit without a break since 2019.
AREDO
Lifetime
14 annual accounts with figures on one time axispeak €24,710 (2021)
€18,907▲ 23.8%
lowest -€5,924 (2016)
€9,964▲ 52.4%
peak €55,019 (2025)
€55,019▲ 22.1%
€5,356▼ 8.7%
Board2 names since 2021
1 directorDe Smet Hugo
Documentsfilings and deeds
15-05-202677 days before the deadline
2025micro format
Gross margin from €15,273 to €18,907Result from €6,540 to €9,964Equity from €45,055 to €55,019Cash from €9,953 to €18,447
Key points
from the 2025 annual accountsFilings
14 annual accounts since 2012
Four of the last ten came late. The 2017 accounts came latest: 49 days after the end of the period.
Position in the sector
91.1%
Higher solvency than 91% of companies in wholesale trade. Sector median 40.5% · 13,800 companies.
Checked score
98
Excellent
Financially stronger than 85% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025highest value
05-2025: 0.1%▼ -0.2 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €60,375
lowers risk
Liquidity: current ratio 10.72, cash €18,447
Founded in 2011
Equity €55,019 (91.1% of total assets)
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 90% of them on solvency, 88% on liquidity, 84% on profitability and 77% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as AREDO has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of AREDO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 34,693 companies, not a prediction for AREDO. 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
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 10.72 (8.03 in 2024), above the usual 1.5. Short-term debt is 8.9% and cash 30.6% of total assets. 8.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 15-05-2026, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
77 days early
2024
105 days early
2023
34 days early
2022
31 days early
2021
80 days early
2020
52 days early
2019
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 53 days before 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 May (4 of the last 5 accounts filed within 44 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0835245026
Appointment: DESMET Hugo Achiel Frans (statutory director)
Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
First establishment
Edward Pynaertkaai 91, Ghent
Incorporation
published on 18-04-2011 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AREDO Ghent | €60,375 | €18,907 | 91.1% | - |
| WAYAHEAD Ghent | €57,391 | €19,504 | 91.9% | - |
| DE WILDE TOM Merelbeke-Melle | €64,571 | €18,040 | 96.1% | - |
| La Maroquinerie Ixelles | €54,893 | €17,927 | 6.8% | - |
| SPUNKY STRINGS Antwerp | €54,196 | €16,797 | 36.7% | - |
| ERRA SERVICES Liège | €62,734 | €16,589 | 78.5% | - |
| SECURITY CONCEPT Bassenge | €71,093 | €16,920 | 42.1% | - |
These companies have the same main activity as AREDO: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €54,200 and €71,100, founded between 2009 and 2012.
Official details
Source: KBO- Status
- Active since 30-03-2011Normal situation
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Establishment unit
- 2.199.250.3169000 Ghent, since 18-05-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 07-02-2024
Annual accounts 2025
- ≈ €120,000estimated
- €60,375▲ 18.6%
- Filing
- Filed on 15-05-2026, 77 days before the end of the filing period
Insights on AREDO
AREDO files the micro format. That format states no turnover. The gross margin rose from €6,887 in 2012 to €18,907 in 2025.
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 AREDO
- What is the company number of AREDO?
- The company number of AREDO is 0835.245.026. The VAT number is the same number with BE in front: BE 0835.245.026.
- Where is AREDO based?
- The registered office is at Edward Pynaertkaai 91, 9000 Ghent.Company details
- What does AREDO do?
- According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
- What is the legal form of AREDO?
- AREDO is a private limited company (BV).
- When was AREDO founded?
- AREDO was founded on 30-03-2011.
- Is AREDO still active?
- Yes, AREDO is an active enterprise in the KBO register.
- What is the turnover of AREDO?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €18,907 and 37 comparable companies (NACE 46190). It probably lies between €71,000 and €260,000. It is a rough estimate.Financials
- Is AREDO profitable?
- In financial year 2025, AREDO made a profit of €9,964.
- Where can I find the annual accounts of AREDO?
- AREDO filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AREDO due?
- AREDO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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