ACTIVE

ARDES

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Financial year 2025 · closed on 31/12/2025

Net result

37,4 k €

+74.8% YoY

Gross margin

92 k €

-30.5% YoY

Equity

158,7 k €

-38.7% YoY

What does ARDES do?

ARDES is a Private limited company incorporated in 1982. Its main activity is: Electrical installation. Its registered office is in Auderghem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.813.102

Incorporation

24/06/1982

Legal form

Private limited company

Registered office

Avenue des Traquets 104
1160 Auderghem · BruxellesSee on map

Latest accounts

31/12/2025

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories

Joint committees (3)

149
14901
200

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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	92 k €	-30.5%	132,5 k €	-43.9%	236 k €	-18.6%	290,1 k €	+73.3%	167,4 k €	+38.5%	120,9 k €	-27.0%	165,5 k €	+57.9%	104,8 k €	-14.5%	122,6 k €	+21.8%	100,7 k €	-32.8%	149,8 k €	-3.9%	155,9 k €	+4.3%	149,5 k €	-10.1%	166,3 k €	+20.1%	138,5 k €	-12.2%	157,7 k €	+20.7%	130,7 k €	+8.2%	120,8 k €	-16.7%	145 k €	+19.1%	121,7 k €
EBITDA	66,5 k €	+18.0%	56,4 k €	+9.4%	51,5 k €	-29.4%	73 k €	+147%	29,6 k €	+118%	13,6 k €	-76.6%	58 k €	+24.9%	46,5 k €	-27.7%	64,3 k €	+8.3%	59,4 k €	+57.1%	37,8 k €	-51.1%	77,3 k €	+14.1%	67,8 k €	-5.2%	71,5 k €	+170%	26,5 k €	-61.6%	69 k €	+3.4%	66,7 k €	+9.3%	61 k €	-25.0%	81,4 k €	+22.3%	66,5 k €
Operating result	50,6 k €	+39.8%	36,2 k €	+36.3%	26,6 k €	-23.1%	34,5 k €	+2563%	-1,4 k €	+89.6%	-13,5 k €	-144%	30,5 k €	+29.1%	23,6 k €	-50.2%	47,4 k €	+5.7%	44,9 k €	+87.1%	24 k €	-62.7%	64,2 k €	+63.1%	39,4 k €	-31.7%	57,7 k €	+605%	8,2 k €	-81.9%	45,2 k €	-11.3%	50,9 k €	+8.3%	47 k €	-33.8%	71,1 k €	+26.2%	56,3 k €
Net result	37,4 k €	+74.8%	21,4 k €	+132%	9,2 k €	-66.9%	27,9 k €	+370%	-10,3 k €	+31.8%	-15,1 k €	-206%	14,3 k €	-11.0%	16 k €	-51.5%	33 k €	+13.9%	29 k €	+36.6%	21,2 k €	-54.8%	46,9 k €	+50.6%	31,2 k €	-24.4%	41,2 k €	+408%	8,1 k €	-60.2%	20,4 k €	-59.6%	50,5 k €	-3.1%	52,1 k €	-11.1%	58,7 k €	+8.8%	53,9 k €
Balance sheet
Equity	158,7 k €	-38.7%	258,8 k €	+9.0%	237,3 k €	+4.0%	228,1 k €	+13.9%	200,2 k €	-4.9%	210,5 k €	-6.7%	225,7 k €	-46.6%	422,6 k €	+3.9%	406,6 k €	+8.4%	375,1 k €	+3.5%	362,3 k €	+6.2%	341,1 k €	+16.0%	294,2 k €	+11.9%	263 k €	+18.6%	221,8 k €	+3.8%	213,7 k €	-62.3%	566,9 k €	+9.8%	516,4 k €	+11.0%	465 k €	+14.2%	407,2 k €
Total assets	307,5 k €	-0.4%	308,7 k €	+1.5%	304,2 k €	-7.9%	330,2 k €	+5.8%	312,1 k €	-9.0%	343 k €	-37.9%	552,2 k €	+9.9%	502,5 k €	+10.9%	453 k €	-0.9%	456,9 k €	+14.6%	398,7 k €	+1.5%	392,8 k €	+16.0%	338,6 k €	+9.4%	309,6 k €	+3.4%	299,4 k €	+17.1%	255,7 k €	-57.4%	600,1 k €	+8.2%	554,4 k €	+12.5%	492,8 k €	+13.1%	435,8 k €
Cash	134,7 k €	-21.3%	171,3 k €	+64.2%	104,3 k €	+259%	29,1 k €	-9.8%	32,3 k €	-19.3%	40 k €	-89.1%	368,1 k €	+38.1%	266,6 k €	-11.2%	300,1 k €	+44.2%	208,1 k €	-5.2%	219,5 k €	+20.4%	182,3 k €	-2.4%	186,7 k €	+390%	38,1 k €	-17.0%	45,9 k €	+7.0%	42,9 k €	+210%	13,8 k €	-51.8%	28,7 k €	+186%	10 k €	-27.0%	13,8 k €
Debts	148,3 k €	+200%	49,4 k €	-25.5%	66,3 k €	-35.1%	102,1 k €	-8.8%	111,9 k €	-15.5%	132,5 k €	-59.4%	326,6 k €	+348%	72,9 k €	+57.2%	46,4 k €	-43.4%	81,9 k €	+125%	36,4 k €	-29.6%	51,7 k €	+16.2%	44,5 k €	-4.6%	46,6 k €	-39.9%	77,6 k €	+84.8%	42 k €	+26.6%	33,2 k €	-12.7%	38 k €	+37.0%	27,7 k €	-3.1%	28,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		2,1 ETP	0.0%	2,1 ETP	-8.7%	2,3 ETP	-37.8%	3,7 ETP	+270%	1,0 ETP	-64.3%	2,8 ETP	0.0%	2,8 ETP	+21.7%	2,3 ETP	+64.3%	1,4 ETP	+27.3%	1,1 ETP	-38.9%	1,8 ETP	-10.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

BENOIT ROQUE

Director · since 17 août 2011

Active

Ended mandates

Benoît ROQUE

Manager · since 17 août 2011

Ended

Francis ROQUE

Manager · since 24 juin 1982 · until 14 août 2011

Ended

BENOIT ROQUE

Director

Ended

BENOIT ROQUE

Administrator - 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	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	28/08/2026	29/08/2025	28/08/2024	24/08/2023	29/08/2022	30/09/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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
Micro model	31/12/2025	26/06/2026	28/08/2026	French	PDF
Micro model	31/12/2024	27/06/2025	29/08/2025	French	PDF
Micro model	31/12/2023	28/06/2024	28/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	24/08/2023	French	PDF
Micro model	31/12/2021	30/06/2022	29/08/2022	French	PDF
Micro model	31/12/2020	30/06/2021	30/09/2021	French	PDF
Micro model	31/12/2019	30/06/2020	27/07/2020	French	PDF
Micro model	31/12/2018	28/06/2019	26/07/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	27/09/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	27/09/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	30/10/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	07/11/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	23/08/2013	French	PDF
Abridged model	31/12/2011	22/06/2012	28/09/2012	French	PDF
Abridged model	31/12/2010	17/06/2011	28/09/2011	French	PDF
Abridged model	31/12/2009	21/06/2010	29/09/2010	French	PDF
Abridged model	31/12/2008	22/06/2009	19/08/2009	French	PDF
Abridged model	31/12/2007	22/09/2008	26/09/2008	French	PDF
Abridged model	31/12/2006	27/06/2007	20/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 5 ended

Active mandates

BENOIT ROQUE

Director · since 17 août 2011

Active

Ended mandates

Benoît ROQUE

Manager · since 17 août 2011

Ended

Francis ROQUE

Manager · since 24 juin 1982 · until 14 août 2011

Ended

BENOIT ROQUE

Director

Ended

BENOIT ROQUE

Administrator - manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - COMPTES ANNUELS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates24/03/2021
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates06/09/2011
DEMISSIONS, NOMINATIONS
PDF
Capital / shares17/12/2010
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202537,4 k €↑
2024
Annual accounts 202421,4 k €↑
2023
Annual accounts 20239,2 k €↓
2022
Annual accounts 202227,9 k €↑
2021
Annual accounts 2021-10,3 k €↑
2020
Annual accounts 2020-15,1 k €↓
2019
Annual accounts 201914,3 k €↓
2018
Annual accounts 201816 k €↓
2017
Annual accounts 201733 k €↑
2016
Annual accounts 201629 k €↑
2015
Annual accounts 201521,2 k €↓
2014
Annual accounts 201446,9 k €↑
2013
Annual accounts 201331,2 k €↓
2012
Annual accounts 201241,2 k €↑
2011
Annual accounts 20118,1 k €↓
2010
Annual accounts 201020,4 k €↓
2009
Annual accounts 200950,5 k €↓
2008
Annual accounts 200852,1 k €↓
2007
Annual accounts 200758,7 k €↑
2006
Annual accounts 200653,9 k €
24/06/1982
IncorporationPrivate 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

ARDES

Overview

What does ARDES do?

Trend over 20 financial years

Indicative valuation

Board of directors

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