ARDO
0433.803.794 · rovalta.com · 23/09/2026
ACTIVE
ARDO
Financial year 2025 · closed on 30/06/2025
Net result
5,2 M €
+260.2% YoY
Revenue
792,8 M €
+47.0% YoY
Equity
117,7 M €
+407.9% YoY
Workforce
55,0 ETP
+20.4% YoY
Overview
What does ARDO do?
ARDO is a Public limited company incorporated in 1988. Its main activity is: Non-specialised wholesale of food, beverages and tobacco. Its registered office is in Ardooie. It employs on average 55,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0433.803.794
Incorporation
31/03/1988
Legal form
Public limited company
Registered office
Wezestraat 61
8850 Ardooie · FlandreSee on map
8850 Ardooie · FlandreSee on map
Contributed capital
60 118 223,32 €
Latest accounts
30/06/2025
Average workforce
55,0 ETP
Activities (NACE)
Joint committees (1)
- 220
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Revenue | 792,8 M € | +47.0% | 539,2 M € | +224% | 166,2 M € | +21.7% | 136,5 M € | +4.2% | 131 M € | -4.3% | 136,9 M € | +910% | 13,6 M € | – | – | 36 k € | 0.0% | 36 k € | 0.0% | 36 k € | +33.3% | 27 k € | – | – | – | – | – | ||||||||
| EBITDA | 8,4 M € | +496% | -2,1 M € | -239% | 1,5 M € | -32.4% | 2,3 M € | +277% | 599,5 k € | +38.5% | 432,9 k € | +108% | 207,7 k € | +39806% | -523 € | -104% | 14,1 k € | -59.8% | 35,2 k € | -0.0% | 35,2 k € | +0.2% | 35,2 k € | +35.1% | 26 k € | +3525% | -759,8 € | +66.6% | -2,3 k € | -80.0% | -1,3 k € | +32.9% | -1,9 k € | +90.9% | -20,8 k € |
| Operating result | 6,4 M € | +368% | -2,4 M € | -285% | 1,3 M € | -41.1% | 2,2 M € | +298% | 555,5 k € | +117% | 256,2 k € | +26.8% | 202,1 k € | +38752% | -523 € | -104% | 14,1 k € | -59.8% | 35,2 k € | -0.0% | 35,2 k € | +0.2% | 35,2 k € | +35.1% | 26 k € | +3525% | -759,8 € | +66.6% | -2,3 k € | -80.0% | -1,3 k € | +32.9% | -1,9 k € | +90.9% | -20,8 k € |
| Net result | 5,2 M € | +260% | -3,2 M € | -210% | 2,9 M € | -37.2% | 4,7 M € | +1527% | 288,1 k € | +1785% | 15,3 k € | -92.3% | 197,4 k € | +3868% | 5 k € | -59.7% | 12,3 k € | -70.3% | 41,6 k € | -10.7% | 46,6 k € | +24.4% | 37,4 k € | +40.3% | 26,7 k € | +9622% | -280,1 € | +85.5% | -1,9 k € | -179% | 2,5 k € | -84.8% | 16,2 k € | -99.6% | 4,2 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 117,7 M € | +408% | 23,2 M € | +307% | 5,7 M € | +107% | 2,7 M € | +33.3% | 2,1 M € | +16.2% | 1,8 M € | +0.9% | 1,8 M € | +497% | 294,4 k € | +1.7% | 289,4 k € | +19.4% | 242,5 k € | +20.7% | 200,9 k € | +30.2% | 154,3 k € | +32.0% | 116,9 k € | +29.6% | 90,2 k € | -0.3% | 90,5 k € | -2.1% | 92,4 k € | +2.7% | 90 k € | +21.9% | 73,8 k € |
| Total assets | 211 M € | +156% | 82,5 M € | +66.0% | 49,7 M € | +81.8% | 27,3 M € | +63.6% | 16,7 M € | +0.2% | 16,7 M € | +38.5% | 12 M € | +3968% | 295,9 k € | +0.6% | 294,2 k € | +18.7% | 247,8 k € | +12.7% | 219,9 k € | +41.9% | 155 k € | +32.5% | 117 k € | +29.7% | 90,2 k € | -0.4% | 90,6 k € | -2.1% | 92,5 k € | +2.8% | 90 k € | -99.3% | 12,6 M € |
| Cash | 4 M € | -18.3% | 4,8 M € | +240% | 1,4 M € | -28.5% | 2 M € | +378% | 416,2 k € | -73.9% | 1,6 M € | +17.1% | 1,4 M € | +5433% | 24,6 k € | +419% | 4,7 k € | +54.9% | 3,1 k € | -48.5% | 5,9 k € | -49.5% | 11,8 k € | -40.1% | 19,6 k € | +1525% | 1,2 k € | -32.3% | 1,8 k € | -57.2% | 4,2 k € | -82.2% | 23,4 k € | +73.9% | 13,5 k € |
| Debts | 92,6 M € | +56.6% | 59,1 M € | +34.6% | 43,9 M € | +81.3% | 24,2 M € | +65.4% | 14,7 M € | -1.7% | 14,9 M € | +45.0% | 10,3 M € | +702481% | 1,5 k € | -69.5% | 4,8 k € | -10.1% | 5,3 k € | -72.0% | 19,1 k € | +2925% | 630 € | +563% | 95 € | – | 93 € | +4.5% | 89 € | – | 12,5 M € | ||||
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 55,0 ETP | +20.4% | 45,7 ETP | +50.3% | 30,4 ETP | +45.5% | 20,9 ETP | -15.4% | 24,7 ETP | -0.8% | 24,9 ETP | – | – | – | – | – | – | – | – | – | – | – | – | ||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/06/2025 · 2 active · 21 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
AGORIS● Active | 0875.618.307 |
ARDO ARDOOIE● Active | 0416.330.136 |
ARDO ENERGY● Active | 0733.620.502 |
ARDO FOODS● Active | 0859.755.144 |
ARDO FOODS PILLAR II● Active | 1013.798.963 |
Inero● Active | 0679.984.450 |
RIWARD● Active | 0791.911.364 |
UNIGROW● Active | 0875.868.230 |
VEGRAS● Active | 0556.708.239 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/07/2024 | 01/07/2023 | 01/07/2022 | 01/07/2021 | 01/07/2020 | 01/07/2019 |
| Closing of the financial year | 30/06/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 | 30/06/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 10/12/2025 | 18/12/2024 | 20/12/2023 | 04/01/2023 | 16/12/2021 | 03/12/2020 |
| General meeting | 02/12/2025 | 03/12/2024 | 05/12/2023 | 06/12/2022 | 10/12/2021 | 01/12/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 30/06/2025 | 02/12/2025 | 10/12/2025 | Dutch | |
| Full model | 30/06/2024 | 03/12/2024 | 18/12/2024 | Dutch | |
| Full modelCorrection | 30/06/2023 | 05/12/2023 | 25/03/2024 | Dutch | |
| Full model | 30/06/2023 | 05/12/2023 | 20/12/2023 | Dutch | |
| Full model | 30/06/2022 | 06/12/2022 | 04/01/2023 | Dutch | |
| Full model | 30/06/2021 | 10/12/2021 | 16/12/2021 | Dutch | |
| Full model | 30/06/2020 | 01/12/2020 | 03/12/2020 | Dutch | |
| Full model | 30/06/2019 | 03/12/2019 | 12/12/2019 | Dutch | |
| Abridged model | 30/09/2018 | 23/02/2019 | 27/03/2019 | Dutch | |
| Abridged model | 30/09/2017 | 24/12/2017 | 29/03/2018 | Dutch | |
| Full model | 30/09/2016 | 25/02/2017 | 31/03/2017 | Dutch | |
| Full model | 30/09/2015 | 27/02/2016 | 25/03/2016 | Dutch | |
| Full model | 30/09/2014 | 28/02/2015 | 26/03/2015 | Dutch | |
| Full model | 30/09/2013 | 22/02/2014 | 24/03/2014 | Dutch | |
| Full model | 30/09/2012 | 23/02/2013 | 27/03/2013 | Dutch | |
| Full model | 30/09/2011 | 25/02/2012 | 28/03/2012 | Dutch | |
| Full model | 30/09/2010 | 26/02/2011 | 28/03/2011 | Dutch | |
| Full model | 30/09/2009 | 27/02/2010 | 25/03/2010 | Dutch | |
| Full model | 30/09/2008 | 28/02/2009 | 26/03/2009 | Dutch | |
| Full model | 30/09/2007 | 11/10/2007 | 20/12/2007 | Dutch | |
| Full model | 30/09/2006 | 24/02/2007 | 14/03/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 25 M€ and 50 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Publications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates26/08/2026Benoeming bestuurder - Volmacht
- Mandates19/05/2025ONTSLAGEN - BENOEMINGEN
- Restructuring05/02/2025RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring05/02/2025KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring30/01/2025KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Other19/08/2024DIVERSEN
- Other13/08/2024DIVERSEN
- Restructuring01/08/2024RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20255,2 M €↑
- 31/12/2024augmentation_capital
- 31/12/2024autre
- 19/11/2024nominationFrancis Boelens — Commissaris
- 01/09/2024nominationSastraco BV — bestuurder
- 30/06/2024augmentation_capital
- 2024Annual accounts 2024-3,2 M €↓
- 14/05/2024nominationFrancis Boelens — Commissaris
- 31/01/2024nominationFrancis Boelens — Commissaris
- 05/12/2023nominationConsensum BV — bestuurder
- 05/12/2023nominationGabrielle Kalkwijk — bestuurder
- 01/11/2023split
- 2023Annual accounts 20232,9 M €↓
- 2022Annual accounts 20224,7 M €↑
- 10/12/2021nominationKMT BV — bestuurder
- 10/12/2021nominationERNST & YOUNG BEDRIJFSREVISOREN BV — commissaris
- 2021Annual accounts 2021288,1 k €↑
- 2020Annual accounts 202015,3 k €↓
- 2019Annual accounts 2019197,4 k €↑
- 2018Annual accounts 20185 k €↓
- 2017Annual accounts 201712,3 k €↓
- 2015Annual accounts 201541,6 k €↓
- 2014Annual accounts 201446,6 k €↑
- 2013Annual accounts 201337,4 k €↑
- 2012Annual accounts 201226,7 k €↑
- 2011Annual accounts 2011-280,1 €↑
- 2010Annual accounts 2010-1,9 k €↓
- 2009Annual accounts 20092,5 k €↓
- 2008Annual accounts 200816,2 k €↓
- 2007Annual accounts 20074,2 M €
- 31/03/1988IncorporationPublic limited company