ACTIVE

AARDEX Group

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
-2,2 M €
-302.6% YoY
Gross margin
-80,5 k €
-293.3% YoY
Equity
2,6 M €
-43.8% YoY
Workforce
9,7 ETP
-12.6% YoY

What does AARDEX Group do?

AARDEX Group is a Public limited company incorporated in 2015. Its main activity is: Manufacture of irradiation, electromedical and electrotherapeutic equipment. Its registered office is in Seraing. It employs on average 9,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0631.773.965
Incorporation
04/06/2015
Legal form
Public limited company
Registered office
Rue du Bois St-Jean 15 box 1
4102 Seraing · WallonieSee on map
Contributed capital
6 288 550,00 €
Latest accounts
31/12/2025
Average workforce
9,7 ETP
Activities (NACE)
26600Manufacture of irradiation, electromedical and electrotherapeutic equipment· main26600Manufacture of irradiation, electromedical and electrotherapeutic equipment72109Research and experimental development on natural sciences and engineering72190Other research and experimental development on natural sciences and engineering46460Wholesale of pharmaceutical goods46460Wholesale of pharmaceutical goods+2
Joint committees (1)
  • 200
Signals
Solid equityHealthy social debts
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin-80,5 k €41,6 k €871,1 k €1,3 M €579,9 k €370,2 k €––––
EBITDA-1,2 M €-1,2 M €-317,5 k €358 k €1,7 k €11,5 k €-221,7 k €485,9 k €117 k €124,3 k €
Operating result-2,2 M €-2,2 M €-981,9 k €-210,9 k €-409,6 k €-248,3 k €-444,8 k €278,7 k €63 k €61,3 k €
Net result-2,2 M €-535,8 k €-1,6 M €-245,9 k €-474,5 k €-262,3 k €-437,3 k €205 k €34,5 k €30,2 k €
Balance sheet
Equity2,6 M €4,7 M €5,5 M €1 M €988,2 k €1,4 M €1,6 M €564,1 k €353,2 k €318,7 k €
Total assets5,1 M €6,3 M €8 M €5 M €4,3 M €5,2 M €2,6 M €2,5 M €787 k €623,1 k €
Cash866,6 k €1 M €3,3 M €747,9 k €490,1 k €1,2 M €220,6 k €354,2 k €288,5 k €138,3 k €
Debts2,4 M €1,6 M €2,5 M €4 M €3,3 M €3,8 M €994,1 k €1,9 M €412,2 k €304,4 k €
Other
Workforce9,7 ETP11,1 ETP9,8 ETP9,4 ETP6,9 ETP5,1 ETP4,7 ETP4,3 ETP8,2 ETP6,8 ETP
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 · 24 ended

Active mandates

Oliver HAFERBECK

Director · since 08 septembre 2025 · until 30 juin 2031

Active
Reto HUSER

Director · since 19 mai 2025 · until 08 septembre 2025

Active
THE OTHER HALF

Managing director · since 01 juillet 2024 · until 10 novembre 2029 · 1009.914.807

Represented by BERNARD VRIJENS

Active
David DALLA VECCHIA

Director · since 06 novembre 2023 · until 06 novembre 2029 · 0880.063.677

Represented by David DALLA VECCHIA

Active
Dominik VONIER

Director · since 06 novembre 2023 · until 19 mai 2025

Active

Ended mandates

THE OTHER HALF

Director · since 01 juillet 2024 · until 10 novembre 2029 · 1009.914.807

Represented by Vrijens Bernard

Ended
Bernard VRIJENS

Director · since 06 novembre 2023 · until 01 juillet 2024

Ended
Bernard VRIJENS

Managing director · since 06 novembre 2023 · until 06 novembre 2029

Ended
David DALLA VECCHIA

Managing director · since 06 novembre 2023 · until 06 novembre 2029 · 0880.063.677

Represented by David DALLA VECCHIA

Ended
At this address

Other companies at this address

CompanyCBE no.
APO-GEE ENGINEERING● Active
0782.323.905
CLUSTER TWIST ou TWIST● Active
0890.814.049
IGNITY● Active
0466.071.439
LHP HEALTHCARE● Active
1022.100.579
METHEORE● Active
0692.780.532
OTRO FOODS● Active
0802.206.331
PuriFungi● Active
0759.502.773
TECHNIFUTUR● Active
0458.220.674
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/07/202610/07/202528/06/202422/06/202316/06/202229/06/2021
General meeting03/07/202630/06/202524/06/202412/06/202313/06/202214/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/07/202624/07/2026FrenchPDF
Abridged model31/12/202430/06/202510/07/2025FrenchPDF
Abridged model31/12/202324/06/202428/06/2024FrenchPDF
Abridged model31/12/202212/06/202322/06/2023FrenchPDF
Abridged model31/12/202113/06/202216/06/2022FrenchPDF
Abridged model31/12/202014/06/202129/06/2021FrenchPDF
Full model31/12/201911/06/202029/07/2020FrenchPDF
Full model31/12/201812/08/201926/08/2019FrenchPDF
Full modelCorrection30/09/201720/04/201825/07/2018FrenchPDF
Full modelCorrection30/09/201720/04/201805/06/2018FrenchPDF
Full model30/09/201720/04/201830/04/2018FrenchPDF
Full model30/09/201604/05/201718/05/2017FrenchPDF
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 · 24 ended

Active mandates

Oliver HAFERBECK

Director · since 08 septembre 2025 · until 30 juin 2031

Active
Reto HUSER

Director · since 19 mai 2025 · until 08 septembre 2025

Active
THE OTHER HALF

Managing director · since 01 juillet 2024 · until 10 novembre 2029 · 1009.914.807

Represented by BERNARD VRIJENS

Active
David DALLA VECCHIA

Director · since 06 novembre 2023 · until 06 novembre 2029 · 0880.063.677

Represented by David DALLA VECCHIA

Active
Dominik VONIER

Director · since 06 novembre 2023 · until 19 mai 2025

Active

Ended mandates

THE OTHER HALF

Director · since 01 juillet 2024 · until 10 novembre 2029 · 1009.914.807

Represented by Vrijens Bernard

Ended
Bernard VRIJENS

Director · since 06 novembre 2023 · until 01 juillet 2024

Ended
Bernard VRIJENS

Managing director · since 06 novembre 2023 · until 06 novembre 2029

Ended
David DALLA VECCHIA

Managing director · since 06 novembre 2023 · until 06 novembre 2029 · 0880.063.677

Represented by David DALLA VECCHIA

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/05/2025
    DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates30/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares05/02/2024
    CAPITAL, ACTIONS
    PDF
  • Mandates22/12/2023
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates25/11/2022
    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

Timeline

  1. 2025
    Annual accounts 2025-2,2 M €↓
  2. 2024
    Annual accounts 2024-535,8 k €↑
  3. 2023
    Annual accounts 2023-1,6 M €↓
  4. 2022
    Annual accounts 2022-245,9 k €↑
  5. 2021
    Annual accounts 2021-474,5 k €↓
  6. 2020
    Annual accounts 2020-262,3 k €↑
  7. 2019
    Annual accounts 2019-437,3 k €↓
  8. 2018
    Annual accounts 2018205 k €↑
  9. 2017
    Annual accounts 201734,5 k €↑
  10. 2017
    Name changeAARDEX GROUP
  11. 2016
    Annual accounts 201630,2 k €
  12. 2016
    Name changeWESTROCK BELGIUM
  13. 04/06/2015
    IncorporationPublic limited company