ACTIVE

Ardenner Grenzmarkt

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Financial year 2025 · closed on 31/12/2025

Net result

55,7 k €

+10.8% YoY

Gross margin

382,5 k €

-6.9% YoY

Equity

677,5 k €

-11.1% YoY

Workforce

8,9 ETP

+4.7% YoY

What does Ardenner Grenzmarkt do?

Ardenner Grenzmarkt is a Public limited company incorporated in 1982. Its registered office is in Sankt Vith. It employs on average 8,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.329.189

Incorporation

28/01/1982

Legal form

Public limited company

Registered office

Klosterstrasse 36
4780 Sankt Vith · WallonieSee on map

Contributed capital

150 000,00 €

Latest accounts

31/12/2025

Average workforce

8,9 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	382,5 k €	-6.9%	410,7 k €	+17.0%	350,9 k €	+0.0%	350,8 k €	-2.8%	360,8 k €	+10.8%	325,7 k €	-13.1%	374,9 k €	+7.8%	347,7 k €	-14.9%	408,5 k €	+4.5%	390,8 k €	-17.3%	472,6 k €	+25.3%	377,2 k €	-1.3%	382 k €	-14.3%	445,6 k €	-7.9%	483,6 k €	+4.2%	463,9 k €	+15.1%	403 k €	-13.6%	466,2 k €	-22.8%	603,7 k €	-0.0%	603,9 k €
EBITDA	107 k €	-3.5%	110,9 k €	+93.6%	57,3 k €	-27.7%	79,2 k €	-42.2%	137 k €	+48.9%	92 k €	+2.5%	89,7 k €	+45.1%	61,9 k €	-40.5%	104 k €	+13.7%	91,4 k €	-54.4%	200,5 k €	+83.6%	109,2 k €	-9.8%	121,1 k €	-23.1%	157,4 k €	-9.6%	174,2 k €	+4.3%	167 k €	+56.1%	107 k €	-41.6%	183,3 k €	-10.4%	204,7 k €	-25.6%	275,3 k €
Operating result	78 k €	+3.0%	75,7 k €	+589%	11 k €	-71.0%	37,9 k €	-61.1%	97,3 k €	+126%	43 k €	+4.2%	41,3 k €	+6258%	-670 €	-102%	30,8 k €	+49.2%	20,7 k €	-87.2%	161 k €	+117%	74,2 k €	-2.3%	76 k €	+19.4%	63,7 k €	-7.7%	69 k €	+18.6%	58,2 k €	+1354%	4 k €	-96.6%	118,4 k €	-15.4%	139,9 k €	-4.8%	147 k €
Net result	55,7 k €	+10.8%	50,2 k €	+73.3%	29 k €	-1.7%	29,5 k €	-59.3%	72,4 k €	-55.4%	162,4 k €	+422%	31,1 k €	+1065%	2,7 k €	-90.0%	26,7 k €	+37.6%	19,4 k €	-81.6%	105,3 k €	+103%	52 k €	+23.4%	42,1 k €	-5.3%	44,5 k €	-10.4%	49,6 k €	+32.3%	37,5 k €	-35.0%	57,7 k €	-77.6%	257,3 k €	+39.3%	184,7 k €	+126%	81,8 k €
Balance sheet
Equity	677,5 k €	-11.1%	761,9 k €	+7.1%	711,6 k €	+4.2%	682,7 k €	-3.3%	706 k €	-15.2%	832,9 k €	-4.3%	870,5 k €	+3.7%	839,4 k €	-12.3%	956,7 k €	+2.9%	930,1 k €	+2.1%	910,7 k €	+13.1%	805,3 k €	+6.9%	753,4 k €	-12.5%	861,3 k €	-15.3%	1 M €	-4.7%	1,1 M €	+5.3%	1 M €	+6.0%	956,1 k €	+6.4%	898,8 k €	+10.4%	814,1 k €
Total assets	1,1 M €	-10.0%	1,3 M €	+2.0%	1,2 M €	+3.9%	1,2 M €	-3.8%	1,2 M €	+2.4%	1,2 M €	-12.7%	1,4 M €	-10.4%	1,6 M €	-9.9%	1,7 M €	+3.3%	1,7 M €	+15.6%	1,4 M €	-1.5%	1,5 M €	+11.5%	1,3 M €	+2.8%	1,3 M €	-13.8%	1,5 M €	+0.8%	1,5 M €	-3.0%	1,5 M €	-9.4%	1,7 M €	+17.6%	1,4 M €	-8.1%	1,6 M €
Cash	201,2 k €	-36.5%	316,7 k €	+66.8%	189,9 k €	+30.7%	145,3 k €	+13.4%	128,2 k €	-25.2%	171,4 k €	+11.3%	154,1 k €	-38.8%	251,9 k €	+14.0%	220,9 k €	+62.3%	136,1 k €	-43.2%	239,7 k €	+214%	76,5 k €	-61.3%	197,6 k €	+130%	86,1 k €	-53.4%	184,7 k €	+248%	53 k €	+46.3%	36,2 k €	-67.1%	110,1 k €	+11.7%	98,6 k €	-17.0%	118,8 k €
Debts	468,3 k €	-8.4%	511 k €	-4.7%	536,2 k €	+3.3%	518,8 k €	-4.5%	543,4 k €	+43.5%	378,6 k €	-28.3%	527,9 k €	-26.7%	720,6 k €	-6.9%	774,1 k €	+5.3%	735 k €	+36.5%	538,5 k €	-19.1%	665,3 k €	+17.6%	565,6 k €	+36.9%	413,2 k €	-12.4%	471,5 k €	+15.1%	409,7 k €	-16.8%	492,4 k €	-19.1%	608,7 k €	+46.9%	414,3 k €	-39.4%	683,4 k €
Other
Workforce	8,9 ETP	+4.7%	8,5 ETP	+1.2%	8,4 ETP	-1.2%	8,5 ETP	+10.4%	7,7 ETP	-1.3%	7,8 ETP	-10.3%	8,7 ETP	-19.4%	10,8 ETP	+3.8%	10,4 ETP	+10.6%	9,4 ETP	-1.1%	9,5 ETP	-3.1%	9,8 ETP	+4.3%	9,4 ETP	-6.0%	10,0 ETP	-8.3%	10,9 ETP	+10.1%	9,9 ETP	-7.5%	10,7 ETP	+4.9%	10,2 ETP	-1.9%	10,4 ETP	+6.1%	9,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 14 ended

Active mandates

B.G.M.

Director · since 18 novembre 2022 · until 28 juin 2028 · 0446.918.986

Represented by Ralph SCHAUS

Active

Doris SCHAUS

Director · since 18 novembre 2022 · until 28 juin 2028

Active

EIFEL - GALERIE

Managing director · since 18 novembre 2022 · until 28 juin 2028 · 0416.892.637

Represented by Michael BALTER

Active

Ended mandates

B.G.M.

Managing director · since 24 juin 2020 · until 24 juin 2026 · 0446.918.986

Represented by Ralph Schaus

Ended

EIFEL - GALERIE

Managing director · since 24 juin 2020 · until 24 juin 2026 · 0416.892.637

Represented by Michael BALTER

Ended

Ralph SCHAUS

Administrator - manager · since 24 juin 2020 · until 24 juin 2026

Ended

B.G.M.

Managing director · since 25 juin 2014 · until 24 juin 2020 · 0446.918.986

Represented by Ralph Schaus

Ended

At this address

Other companies at this address

Company	CBE no.
B.G.M.● Active	0446.918.986
CASA CAPITOL● Active	0766.403.730
CENTRALMARKT● Active	0431.754.126
DOKARA SCHAUS● Active	0439.771.472
EINKAUFSZENTER● Active	0417.902.328
EUFIMO● Active	0667.864.695
EUPEN SPORT● Liquidation	0458.837.714
EUSCO● Active	0660.579.106
Grenzmarkt-Nellessen● Active	0417.717.434
GROSSMARKT● Active	0427.270.944
H.U. RASCH● Active	0418.345.360
Hyper Market Eupen● Active	0750.653.504
MINIPRI BAU● Active	0447.124.468
RESCO● Active	0425.060.433
Shopping Center Schaus● Active	0412.486.263
WARENHAUS S B● Active	0414.018.962

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	19/08/2025	14/08/2024	10/10/2023	12/08/2022	31/08/2021
General meeting	24/06/2026	25/06/2025	26/06/2024	09/10/2023	22/06/2022	23/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/06/2026	30/06/2026	German	PDF
Abridged model	31/12/2024	25/06/2025	19/08/2025	German	PDF
Abridged model	31/12/2023	26/06/2024	14/08/2024	German	PDF
Abridged model	31/12/2022	09/10/2023	10/10/2023	German	PDF
Abridged model	31/12/2021	22/06/2022	12/08/2022	German	PDF
Abridged model	31/12/2020	23/06/2021	31/08/2021	German	PDF
Abridged model	31/12/2019	24/06/2020	28/10/2020	German	PDF
Abridged model	31/12/2018	26/06/2019	19/08/2019	German	PDF
Abridged model	31/12/2017	27/06/2018	09/08/2018	German	PDF
Abridged model	31/12/2016	28/06/2017	17/08/2017	German	PDF
Abridged model	31/12/2015	22/06/2016	10/08/2016	German	PDF
Abridged model	31/12/2014	24/06/2015	12/08/2015	German	PDF
Abridged model	31/12/2013	25/06/2014	31/07/2014	German	PDF
Abridged model	31/12/2012	26/06/2013	26/06/2013	German	PDF
Abridged model	31/12/2011	27/06/2012	27/06/2012	German	PDF
Abridged model	31/12/2010	22/06/2011	24/06/2011	German	PDF
Abridged model	31/12/2009	23/06/2010	10/08/2010	German	PDF
Abridged model	31/12/2008	24/06/2009	25/06/2009	German	PDF
Abridged model	31/12/2007	25/06/2008	25/06/2008	German	PDF
Abridged model	31/12/2006	27/06/2007	27/07/2007	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 31/12/2025 · 3 active · 14 ended

Active mandates

B.G.M.

Director · since 18 novembre 2022 · until 28 juin 2028 · 0446.918.986

Represented by Ralph SCHAUS

Active

Doris SCHAUS

Director · since 18 novembre 2022 · until 28 juin 2028

Active

EIFEL - GALERIE

Managing director · since 18 novembre 2022 · until 28 juin 2028 · 0416.892.637

Represented by Michael BALTER

Active

Ended mandates

B.G.M.

Managing director · since 24 juin 2020 · until 24 juin 2026 · 0446.918.986

Represented by Ralph Schaus

Ended

EIFEL - GALERIE

Managing director · since 24 juin 2020 · until 24 juin 2026 · 0416.892.637

Represented by Michael BALTER

Ended

Ralph SCHAUS

Administrator - manager · since 24 juin 2020 · until 24 juin 2026

Ended

B.G.M.

Managing director · since 25 juin 2014 · until 24 juin 2020 · 0446.918.986

Represented by Ralph Schaus

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/11/2022
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - ENTLASSUNG - ERNENNUNG
PDF
Mandates18/07/2014
ENTLASSUNG - ERNENNUNG
PDF
Restructuring23/05/2011
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - RUBRIK UMBAU (VERSCHMELZUNG, SPALTUNG, UEBERTRAGUNG VERMOEGEN, USW)
PDF
Restructuring07/03/2011
RUBRIK UMBAU (VERSCHMELZUNG, SPALTUNG, UEBERTRAGUNG VERMOEGEN, USW) - VERSCHIEDENES
PDF
Mandates20/09/2010
ENTLASSUNG - ERNENNUNG
PDF
Mandates25/05/2009
ENTLASSUNG - ERNENNUNG
PDF
Mandates08/07/2008
ENTLASSUNG - ERNENNUNG
PDF
Mandates19/02/2004
ENTLASSUNG - ERNENNUNG - GENERALVERSAMMLUNG - KAPITAL - AKTIEN - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202555,7 k €↑
2024
Annual accounts 202450,2 k €↑
2023
Annual accounts 202329 k €↓
2022
Annual accounts 202229,5 k €↓
2022
Name changeArdenner Grenzmarkt
2021
Annual accounts 202172,4 k €↓
2021
Name changeARDENNER GRENZMARKT AG
2020
Annual accounts 2020162,4 k €↑
2019
Annual accounts 201931,1 k €↑
2018
Annual accounts 20182,7 k €↓
2017
Annual accounts 201726,7 k €↑
2016
Annual accounts 201619,4 k €↓
2015
Annual accounts 2015105,3 k €↑
2014
Annual accounts 201452 k €↑
2013
Annual accounts 201342,1 k €↓
2012
Annual accounts 201244,5 k €↓
2011
Annual accounts 201149,6 k €↑
2010
Annual accounts 201037,5 k €↓
2009
Annual accounts 200957,7 k €↓
2008
Annual accounts 2008257,3 k €↑
2007
Annual accounts 2007184,7 k €↑
2006
Annual accounts 200681,8 k €
28/01/1982
IncorporationPublic limited company

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

Ardenner Grenzmarkt

Overview

What does Ardenner Grenzmarkt do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline