NORMAL SITUATION

Ardecor

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Financial year 2025 · closed on 25/04/2025

Net result

-7,9 k €

+75.1% YoY

Gross margin

-7,4 k €

+58.1% YoY

Equity

0 €

-100.0% YoY

Company — Normal situation.

What does Ardecor do?

Ardecor is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0408.076.921

Legal form

Private limited company

Contributed capital

0,00 €

Latest accounts

25/04/2025

Joint committees (1)

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	-7,4 k €	+58.1%	-17,7 k €	-118%	96,7 k €	+145%	39,5 k €	-22.2%	50,8 k €	-2.6%	52,1 k €	+44.1%	36,2 k €	-3.9%	37,7 k €	+29.2%	29,1 k €	+27.9%	22,8 k €	-5.3%	24,1 k €	-22.1%	30,9 k €	+12.4%	27,5 k €	+4.0%	26,4 k €	-26.2%	35,8 k €	+28.0%	28 k €	+14.7%	24,4 k €	+19.6%	20,4 k €
EBITDA	-7,8 k €	+73.7%	-29,6 k €	-147%	62,3 k €	+1105%	-6,2 k €	-147%	13,3 k €	-51.7%	27,5 k €	+450%	5 k €	-23.2%	6,5 k €	+2429%	-280 €	+96.1%	-7,3 k €	-608%	1,4 k €	-63.9%	4 k €	-2.6%	4,1 k €	+10.8%	3,7 k €	-67.0%	11,1 k €	+61.1%	6,9 k €	-0.3%	6,9 k €	+13.2%	6,1 k €
Operating result	-7,8 k €	+74.8%	-30,9 k €	-149%	62,9 k €	+816%	-8,8 k €	-182%	10,7 k €	-59.6%	26,5 k €	+453%	4,8 k €	-24.0%	6,3 k €	+2352%	-280 €	+96.1%	-7,3 k €	-608%	1,4 k €	-63.9%	4 k €	+5.2%	3,8 k €	+16.6%	3,2 k €	-69.4%	10,5 k €	+66.5%	6,3 k €	+109%	3 k €	+25.3%	2,4 k €
Net result	-7,9 k €	+75.1%	-31,6 k €	-173%	43 k €	+499%	-10,8 k €	-269%	6,4 k €	-66.4%	19 k €	+1605%	1,1 k €	-68.2%	3,5 k €	+192%	-3,8 k €	+65.2%	-10,9 k €	-465%	-1,9 k €	-5028%	39 €	-87.9%	323 €	-43.6%	573 €	-84.8%	3,8 k €	+52.5%	2,5 k €	+20483%	12 €	+101%	-1,4 k €
Balance sheet
Equity	0 €	-100%	52,4 k €	-37.6%	84 k €	+105%	40,9 k €	-20.8%	51,7 k €	+14.1%	45,4 k €	+71.8%	26,4 k €	+4.4%	25,3 k €	+16.0%	21,8 k €	-14.8%	25,6 k €	-29.8%	36,4 k €	-5.0%	38,3 k €	+0.1%	38,3 k €	+0.9%	38 k €	+1.5%	37,4 k €	+11.2%	33,6 k €	+7.9%	31,2 k €	+0.0%	31,2 k €
Total assets	44,7 k €	-19.0%	55,2 k €	-44.0%	98,6 k €	-26.0%	133,3 k €	-8.2%	145,2 k €	+12.7%	128,8 k €	-12.2%	146,8 k €	+16.0%	126,5 k €	-4.8%	132,8 k €	+9.0%	121,8 k €	+11.4%	109,3 k €	+15.7%	94,5 k €	-3.9%	98,4 k €	+1.5%	96,9 k €	-9.3%	106,8 k €	+9.1%	97,9 k €	+3.4%	94,7 k €	-7.6%	102,5 k €
Cash	22,2 k €	-44.9%	40,3 k €	+195%	13,6 k €	+14.8%	11,9 k €	-20.2%	14,9 k €	-22.7%	19,3 k €	+135%	8,2 k €	+167%	3,1 k €	-29.2%	4,3 k €	-46.1%	8 k €	+465%	1,4 k €	-57.4%	3,3 k €	-14.1%	3,9 k €	-5.3%	4,1 k €	-23.7%	5,4 k €	+10.1%	4,9 k €	+123%	2,2 k €	+86.6%	1,2 k €
Debts	44,7 k €	+16961%	262 €	-98.2%	14,6 k €	-84.1%	92,3 k €	-1.2%	93,4 k €	+11.9%	83,4 k €	-30.6%	120,2 k €	+18.8%	101,2 k €	-8.8%	111 k €	+15.4%	96,2 k €	+32.0%	72,9 k €	+29.8%	56,2 k €	-6.5%	60,1 k €	+2.0%	58,9 k €	-15.1%	69,4 k €	+8.0%	64,3 k €	+1.1%	63,6 k €	-10.9%	71,3 k €
Other
Workforce	–		–		–		–		–		–		0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	+50.0%	0,6 ETP	0.0%	0,6 ETP	-25.0%	0,8 ETP	0.0%	0,8 ETP	+33.3%	0,6 ETP	-40.0%	1,0 ETP	+25.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP

Governance

Board of directors

Seen on filing of 25/04/2025 · 1 active · 3 ended

Active mandates

CHRISTINE PANY

Director

Active

Ended mandates

CH. PANY

Manager

Ended

CHRISTINE PANY

Mandate

Ended

CHRISTINE PANY

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	25/04/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	4 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/05/2025	01/04/2025	30/09/2024	30/08/2023	30/08/2022	29/06/2021
General meeting	25/04/2025	10/03/2025	30/06/2024	30/06/2023	07/06/2022	01/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

45 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	25/04/2025	25/04/2025	24/05/2025	French	PDF
Micro model	31/12/2024	10/03/2025	01/04/2025	French	PDF
Micro model	31/12/2023	30/06/2024	30/09/2024	French	PDF
Micro model	31/12/2022	30/06/2023	30/08/2023	French	PDF
Micro model	31/12/2021	07/06/2022	30/08/2022	French	PDF
Micro model	31/12/2020	01/06/2021	29/06/2021	French	PDF
Abridged model	31/12/2019	28/08/2020	10/09/2020	French	PDF
Abridged model	31/12/2018	27/06/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	24/08/2018	French	PDF
Abridged model	31/12/2016	29/06/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	28/06/2016	11/07/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	13/07/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	01/07/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	19/06/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	26/08/2012	French	PDF
Abridged model	31/12/2010	28/06/2011	17/08/2011	French	PDF
Abridged model	31/12/2009	08/06/2010	13/10/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	28/06/2008	12/12/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	17/12/2007	French	PDF
Abridged model	31/12/2005	06/06/2006	18/12/2006	French	PDF
Abridged model	31/12/2004	07/06/2005	07/11/2005	French	PDF
Abridged model	31/12/2003	01/06/2004	28/12/2004	French	PDF
Abridged model	31/12/2002	03/06/2003	20/02/2004	French	PDF

View all 45 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 25/04/2025 · 1 active · 3 ended

Active mandates

CHRISTINE PANY

Director

Active

Ended mandates

CH. PANY

Manager

Ended

CHRISTINE PANY

Mandate

Ended

CHRISTINE PANY

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-7,9 k €↑
2024
Annual accounts 2024-31,6 k €↓
2023
Annual accounts 202343 k €↑
2022
Annual accounts 2022-10,8 k €↓
2021
Annual accounts 20216,4 k €↓
2020
Annual accounts 202019 k €↑
2019
Annual accounts 20191,1 k €↓
2018
Annual accounts 20183,5 k €↑
2017
Annual accounts 2017-3,8 k €↑
2016
Annual accounts 2016-10,9 k €↓
2015
Annual accounts 2015-1,9 k €↓
2014
Annual accounts 201439 €↓
2013
Annual accounts 2013323 €↓
2012
Annual accounts 2012573 €↓
2011
Annual accounts 20113,8 k €↑
2010
Annual accounts 20102,5 k €↑
2009
Annual accounts 200912 €↑
2008
Annual accounts 2008-1,4 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Ardecor

Overview

What does Ardecor do?

Trend over 18 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline