ACTIVE

ARDEA

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Financial year 2025 · closed on 31/12/2025

Net result

88 k €

-89.0% YoY

Gross margin

126,5 k €

-85.8% YoY

Equity

2,4 M €

+3.8% YoY

What does ARDEA do?

ARDEA is a Public utility foundation incorporated in 2014. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0547.780.774

Incorporation

10/03/2014

Legal form

Public utility foundation

Registered office

Rue Van Orley 1
1000 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2025

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	126,5 k €	-85.8%	892,1 k €	+304%	221 k €	+11.3%	198,5 k €	+87.4%	105,9 k €	+217%	33,5 k €	+44.6%	23,1 k €	-70.3%	78 k €	-63.1%	211,2 k €	-42.9%	369,9 k €	+77.4%	208,5 k €	-84.5%	1,3 M €
EBITDA	74 k €	-90.6%	790,2 k €	+774%	90,4 k €	+37.8%	65,6 k €	+939%	-7,8 k €	+83.7%	-48,1 k €	+2.7%	-49,4 k €	-2537%	-1,9 k €	-101%	163,6 k €	-17.3%	197,8 k €	+940%	-23,5 k €	-102%	1 M €
Operating result	74 k €	-90.6%	790,2 k €	+774%	90,4 k €	+37.8%	65,6 k €	+939%	-7,8 k €	+83.7%	-48,1 k €	+2.7%	-49,4 k €	-2537%	-1,9 k €	-101%	163,6 k €	-17.3%	197,8 k €	+940%	-23,5 k €	-102%	1 M €
Net result	88 k €	-89.0%	802,5 k €	+795%	89,6 k €	+111%	42,5 k €	+52.7%	27,8 k €	-36.1%	43,6 k €	+274%	-25 k €	-10.1%	-22,7 k €	-115%	148,6 k €	-28.0%	206,4 k €	+590%	-42,1 k €	-104%	1 M €
Balance sheet
Equity	2,4 M €	+3.8%	2,3 M €	+52.9%	1,5 M €	+6.3%	1,4 M €	+3.1%	1,4 M €	+2.1%	1,4 M €	+3.3%	1,3 M €	-1.9%	1,3 M €	-1.7%	1,4 M €	+12.3%	1,2 M €	+20.5%	1 M €	-4.0%	1 M €
Total assets	2,6 M €	+3.4%	2,6 M €	+45.7%	1,8 M €	+7.1%	1,6 M €	+3.1%	1,6 M €	+4.0%	1,5 M €	-11.6%	1,7 M €	-0.2%	1,7 M €	-2.9%	1,8 M €	+9.3%	1,6 M €	+62.2%	1 M €	-3.9%	1 M €
Cash	140,4 k €	+58.9%	88,4 k €	-89.2%	821,9 k €	+84.5%	445,4 k €	-36.6%	702,4 k €	-12.6%	803,8 k €	+45.8%	551,4 k €	-5.1%	581,1 k €	-5.1%	612,4 k €	+16.1%	527,6 k €	+11.9%	471,5 k €	-51.8%	978,6 k €
Debts	239 k €	0.0%	239 k €	0.0%	239 k €	+12.6%	212,3 k €	+3.0%	206 k €	+19.1%	173 k €	-58.4%	416,1 k €	+5.1%	396 k €	-5.9%	421 k €	0.0%	421 k €		–		838,5 €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 19 ended

Active mandates

Jean-François Caeymaex

Mandate

Active

Jean-Marie Blaude

Mandate

Active

Maria do Rosario Homem

Mandate

Active

Rodriguez Raymond Lavin

Mandate

Active

Sergio Sahli

Mandate

Active

Ended mandates

Jean-Marie Blaude

Director · since 21 mai 2021 · until 21 mai 2024

Ended

Jean-François Caeymaex

Director · since 29 avril 2019 · until 28 avril 2022

Ended

Marie Anne Henriette Ghislaine Schnackers

Director · since 29 avril 2019 · until 28 avril 2022

Ended

Marie-Anne Henriette Ghislaine Schnackers

Director · since 29 avril 2019 · until 28 avril 2022

Ended

At this address

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Immo Van Meerbeeck● Active	0406.384.171
"Olivier PALSTERMAN - société notariale"● Active	0829.337.825

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	14/02/2026	26/02/2025	26/05/2024	06/06/2023	20/07/2022	07/06/2021
General meeting	11/02/2026	22/02/2025	25/05/2024	03/05/2023	22/06/2022	21/05/2021
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/02/2026	14/02/2026	French	PDF
Abridged model	31/12/2024	22/02/2025	26/02/2025	French	PDF
Abridged model	31/12/2023	25/05/2024	26/05/2024	French	PDF
Abridged model	31/12/2022	03/05/2023	06/06/2023	French	PDF
Abridged model	31/12/2021	22/06/2022	20/07/2022	French	PDF
Abridged model	31/12/2020	21/05/2021	07/06/2021	French	PDF
Abridged model	31/12/2019	14/05/2020	05/06/2020	French	PDF
Abridged model	31/12/2018	29/04/2019	28/05/2019	French	PDF
Abridged model	31/12/2017	15/03/2018	22/03/2018	French	PDF
Abridged model	31/12/2016	31/03/2017	27/04/2017	French	PDF
Abridged model	31/12/2015	21/04/2016	29/04/2016	French	PDF
Abridged model	31/12/2014	07/05/2015	11/06/2015	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 5 active · 19 ended

Active mandates

Jean-François Caeymaex

Mandate

Active

Jean-Marie Blaude

Mandate

Active

Maria do Rosario Homem

Mandate

Active

Rodriguez Raymond Lavin

Mandate

Active

Sergio Sahli

Mandate

Active

Ended mandates

Jean-Marie Blaude

Director · since 21 mai 2021 · until 21 mai 2024

Ended

Jean-François Caeymaex

Director · since 29 avril 2019 · until 28 avril 2022

Ended

Marie Anne Henriette Ghislaine Schnackers

Director · since 29 avril 2019 · until 28 avril 2022

Ended

Marie-Anne Henriette Ghislaine Schnackers

Director · since 29 avril 2019 · until 28 avril 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/04/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates09/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates26/02/2025
DEMISSIONS, NOMINATIONS
PDF
Other17/03/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates31/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates23/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates27/05/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates16/04/2018
DEMISSIONS, NOMINATIONS
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 202588 k €↓
2024
Annual accounts 2024802,5 k €↑
2023
Annual accounts 202389,6 k €↑
2022
Annual accounts 202242,5 k €↑
2021
Annual accounts 202127,8 k €↓
2020
Annual accounts 202043,6 k €↑
2019
Annual accounts 2019-25 k €↓
2018
Annual accounts 2018-22,7 k €↓
2017
Annual accounts 2017148,6 k €↓
2016
Annual accounts 2016206,4 k €↑
2015
Annual accounts 2015-42,1 k €↓
2014
Annual accounts 20141 M €
10/03/2014
IncorporationPublic utility foundation

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

ARDEA

Overview

What does ARDEA do?

Trend over 12 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