ARDECA
0436.114.671 · rovalta.com · 23/09/2026
ACTIVE
ARDECA
Financial year 2025 · closed on 30/06/2025
Net result
3,9 M €
+10.4% YoY
Revenue
47,7 M €
+1.7% YoY
Equity
13,7 M €
+11.8% YoY
Workforce
38,2 ETP
-7.1% YoY
Overview
What does ARDECA do?
ARDECA is a Public limited company incorporated in 1988. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Anzegem. It employs on average 38,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0436.114.671
Incorporation
06/12/1988
Legal form
Public limited company
Registered office
Oudenaardestraat 49
8570 Anzegem · FlandreSee on map
8570 Anzegem · FlandreSee on map
Contributed capital
92 960,07 €
Latest accounts
30/06/2025
Average workforce
38,2 ETP
Activities (NACE)
46710Wholesale of solid, liquid and gaseous fuels and related products· main46751Wholesale of chemical products46810Wholesale trade, except of motor vehicles and motorcycles46851Wholesale trade, except of motor vehicles and motorcycles51550Air transport20590Manufacture of other chemical products n.e.c.+2
Joint committees (2)
- 116
- 207
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 47,7 M € | +1.7% | 46,9 M € | -5.1% | 49,5 M € | +30.0% | 38 M € | +32.8% | 28,6 M € | +25.0% | 22,9 M € | -22.4% | 29,5 M € | +32.6% | 22,3 M € | +8.6% | 20,5 M € | +1.5% | 20,2 M € | +15.7% | 17,5 M € | +3.5% | 16,9 M € | – | – | – | – | – | – | – | |||||||
| EBITDA | 6,8 M € | +9.2% | 6,2 M € | +8.8% | 5,7 M € | +12.9% | 5,1 M € | -1.0% | 5,1 M € | +39.0% | 3,7 M € | +19.1% | 3,1 M € | -2.1% | 3,2 M € | +24.2% | 2,5 M € | -3.7% | 2,6 M € | +5.7% | 2,5 M € | -0.8% | 2,5 M € | +47.1% | 1,7 M € | +18.5% | 1,4 M € | +167% | 540,6 k € | +22.4% | 441,8 k € | +6.6% | 414,3 k € | +86.1% | 222,6 k € | -25.0% | 296,7 k € |
| Operating result | 5,3 M € | +10.8% | 4,8 M € | +6.8% | 4,5 M € | +15.4% | 3,9 M € | -6.0% | 4,1 M € | +42.3% | 2,9 M € | +28.6% | 2,3 M € | -9.6% | 2,5 M € | +16.3% | 2,2 M € | -4.6% | 2,3 M € | +6.6% | 2,1 M € | +3.7% | 2 M € | +60.4% | 1,3 M € | +29.9% | 981 k € | +458% | 175,9 k € | -19.7% | 219,2 k € | -7.1% | 236 k € | +125% | 104,9 k € | -43.8% | 186,8 k € |
| Net result | 3,9 M € | +10.4% | 3,6 M € | +6.3% | 3,4 M € | +14.2% | 2,9 M € | -5.7% | 3,1 M € | +50.9% | 2,1 M € | +46.2% | 1,4 M € | -40.1% | 2,4 M € | +13.3% | 2,1 M € | +41.6% | 1,5 M € | +4.4% | 1,4 M € | +6.5% | 1,3 M € | +60.3% | 825,5 k € | -3.4% | 854,7 k € | +315% | 206 k € | +41.3% | 145,8 k € | +14.4% | 127,4 k € | +105% | 62,3 k € | -44.1% | 111,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 13,7 M € | +11.8% | 12,3 M € | +14.7% | 10,7 M € | +14.6% | 9,3 M € | +18.3% | 7,9 M € | +25.8% | 6,3 M € | +20.5% | 5,2 M € | -3.1% | 5,4 M € | +19.0% | 4,5 M € | +31.5% | 3,4 M € | +2.1% | 3,4 M € | -14.9% | 4 M € | +50.2% | 2,6 M € | +45.7% | 1,8 M € | +89.7% | 953,2 k € | +27.6% | 747,2 k € | +24.2% | 601,4 k € | +26.9% | 473,9 k € | +15.1% | 411,7 k € |
| Total assets | 33,3 M € | +12.4% | 29,6 M € | +5.5% | 28,1 M € | -14.4% | 32,8 M € | +23.5% | 26,6 M € | +30.3% | 20,4 M € | +26.6% | 16,1 M € | +4.7% | 15,4 M € | +4.8% | 14,7 M € | +42.8% | 10,3 M € | +32.2% | 7,8 M € | +4.5% | 7,4 M € | +20.0% | 6,2 M € | +15.4% | 5,4 M € | +54.6% | 3,5 M € | +28.5% | 2,7 M € | +76.1% | 1,5 M € | +17.4% | 1,3 M € | +9.5% | 1,2 M € |
| Cash | 70,5 k € | +415% | 13,7 k € | +31.0% | 10,4 k € | -58.7% | 25,3 k € | -77.2% | 110,8 k € | -89.3% | 1 M € | +189% | 358,8 k € | -34.2% | 545,6 k € | +56.5% | 348,6 k € | +104% | 171,1 k € | -80.6% | 883,5 k € | +19.5% | 739 k € | +18.2% | 625 k € | -8.3% | 681,2 k € | +872% | 70 k € | -82.1% | 390,3 k € | +471% | 68,4 k € | +121671% | 56,2 € | -99.9% | 86,9 k € |
| Debts | 19,6 M € | +12.8% | 17,3 M € | -0.2% | 17,4 M € | -25.8% | 23,4 M € | +25.7% | 18,6 M € | +32.5% | 14,1 M € | +29.8% | 10,8 M € | +9.6% | 9,9 M € | -1.5% | 10 M € | +49.0% | 6,7 M € | +56.9% | 4,3 M € | +28.2% | 3,4 M € | -2.4% | 3,4 M € | +0.4% | 3,4 M € | +36.2% | 2,5 M € | +28.5% | 2 M € | +109% | 934,8 k € | +13.8% | 821,6 k € | +4.9% | 783 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 38,2 ETP | -7.1% | 41,1 ETP | +4.8% | 39,2 ETP | +8.6% | 36,1 ETP | +5.6% | 34,2 ETP | +1.8% | 33,6 ETP | +1.5% | 33,1 ETP | +3.1% | 32,1 ETP | +52.1% | 21,1 ETP | +24.9% | 16,9 ETP | +2.4% | 16,5 ETP | +8.6% | 15,2 ETP | +16.9% | 13,0 ETP | +8.3% | 12,0 ETP | +46.3% | 8,2 ETP | +39.0% | 5,9 ETP | +25.5% | 4,7 ETP | +17.5% | 4,0 ETP | +33.3% | 3,0 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 · 3 active · 19 ended
Active mandates
Ended mandates
At this address
Other companies at this address
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 | 15/01/2026 | 11/01/2025 | 31/01/2024 | 13/01/2023 | 10/01/2022 | 09/01/2021 |
| General meeting | 19/12/2025 | 20/12/2024 | 26/01/2024 | 24/12/2022 | 24/12/2021 | 30/12/2020 |
| 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
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 30/06/2025 | 19/12/2025 | 15/01/2026 | Dutch | |
| Full model | 30/06/2024 | 20/12/2024 | 11/01/2025 | Dutch | |
| Full model | 30/06/2023 | 26/01/2024 | 31/01/2024 | Dutch | |
| Full model | 30/06/2022 | 24/12/2022 | 13/01/2023 | Dutch | |
| Full model | 30/06/2021 | 24/12/2021 | 10/01/2022 | Dutch | |
| Full model | 30/06/2020 | 30/12/2020 | 09/01/2021 | Dutch | |
| Full model | 30/06/2019 | 30/12/2019 | 15/01/2020 | Dutch | |
| Full model | 31/03/2018 | 30/09/2018 | 12/10/2018 | Dutch | |
| Full model | 31/03/2017 | 22/09/2017 | 23/11/2017 | Dutch | |
| Full model | 31/03/2016 | 16/09/2016 | 14/10/2016 | Dutch | |
| Full model | 31/03/2015 | 18/09/2015 | 30/09/2015 | Dutch | |
| Full model | 31/03/2014 | 19/09/2014 | 16/10/2014 | Dutch | |
| Abridged model | 31/03/2013 | 20/09/2013 | 22/11/2013 | Dutch | |
| Abridged model | 31/03/2012 | 21/09/2012 | 30/10/2012 | Dutch | |
| Abridged model | 31/03/2011 | 16/09/2011 | 23/11/2011 | Dutch | |
| Abridged model | 31/03/2010 | 17/09/2010 | 28/10/2010 | Dutch | |
| Abridged model | 31/03/2009 | 18/09/2009 | 29/09/2009 | Dutch | |
| Abridged model | 31/03/2008 | 19/09/2008 | 03/11/2008 | Dutch | |
| Abridged model | 31/03/2007 | 21/09/2007 | 27/09/2007 | 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
Governance
Board of directors
Seen on filing of 30/06/2025 · 3 active · 19 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates03/03/2026ONTSLAGEN - BENOEMINGEN
- Mandates06/03/2025ONTSLAGEN - BENOEMINGEN
- Mandates16/04/2024ONTSLAGEN - BENOEMINGEN
- Other08/09/2021BENAMING
- Mandates20/10/2020ONTSLAGEN - BENOEMINGEN
- Mandates07/07/2020ONTSLAGEN - BENOEMINGEN
- Other28/03/2019ALGEMENE VERGADERING - BOEKJAAR
- Mandates14/09/2018ONTSLAGEN - BENOEMINGEN
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 20253,9 M €↑
- 2024Annual accounts 20243,6 M €↑
- 2023Annual accounts 20233,4 M €↑
- 2022Annual accounts 20222,9 M €↓
- 2021Annual accounts 20213,1 M €↑
- 2020Annual accounts 20202,1 M €↑
- 2019Annual accounts 20191,4 M €↓
- 2018Annual accounts 20182,4 M €↑
- 2017Annual accounts 20172,1 M €↑
- 2016Annual accounts 20161,5 M €↑
- 2015Annual accounts 20151,4 M €↑
- 2014Annual accounts 20141,3 M €↑
- 2013Annual accounts 2013825,5 k €↓
- 2012Annual accounts 2012854,7 k €↑
- 2011Annual accounts 2011206 k €↑
- 2010Annual accounts 2010145,8 k €↑
- 2009Annual accounts 2009127,4 k €↑
- 2008Annual accounts 200862,3 k €↓
- 2007Annual accounts 2007111,4 k €
- 06/12/1988IncorporationPublic limited company