ACTIVE

Ardmac

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Financial year 2025 · Closed on 31/12/2025

Net result454,1 k €+471,2 %over 1 year

Gross margin1,4 M €+57,5 %over 1 year

Equity1,9 M €+30,8 %over 1 year

Workforce6,9 ETP+19,0 %over 1 year

Identity

Source · BCE/KBO

Ardmac is a Private limited company incorporated in 2015. Its main activity is: Construction of buildings. Its registered office is in Wavre. It employs on average 6,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0643.926.877
Incorporation: 08/12/2015
Legal form: Private limited company
Registered office: Avenue Pasteur 9
1300 Wavre · WallonieSee on map
Contributed capital: 12 400,00 €
Latest accounts: 31/12/2025
Average workforce: 6,9 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 43350Building completion and finishing 43390Other building completion and finishing 41002Construction of buildings 41003Construction of buildings+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 11 filings

Trend over 10 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,4 M €	+57.5%	869 k €	-65.8%	2,5 M €	+52.8%	1,7 M €	+192%	570,4 k €
EBITDA	456,9 k €	+59.5%	286,5 k €	-57.9%	681,2 k €	+15.2%	591,4 k €	+314%	142,7 k €
Operating result	606,5 k €	+343%	136,9 k €	-79.9%	681,2 k €	+15.2%	591,4 k €	+314%	142,7 k €
Net result	454,1 k €	+471%	79,5 k €	-84.4%	510,1 k €	+15.4%	441,9 k €	+313%	107 k €
Balance sheet
Equity	1,9 M €	+30.8%	1,5 M €	+5.7%	1,4 M €	+57.5%	886,5 k €	+99.4%	444,6 k €
Total assets	5,4 M €	+126%	2,4 M €	-42.0%	4,1 M €	-8.2%	4,5 M €	+91.7%	2,4 M €
Cash	1,3 M €	+405%	258,9 k €	-75.5%	1,1 M €	-41.5%	1,8 M €	+355%	396,7 k €
Debts	3,5 M €	+277%	923,5 k €	-66.3%	2,7 M €	-24.3%	3,6 M €	+89.9%	1,9 M €
Other
Workforce	6,9 ETP	+19.0%	5,8 ETP	-75.5%	23,7 ETP	+55.9%	15,2 ETP	+94.9%	7,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gomes Coelho Borges Luis Filipe	Directorsince 18/07/2024
Vanessa De Mira Maura Bràs	Directorsince 18/07/2024

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gomes Coelho Borges Luis Filipe	Director18/07/2024 → 2024 accounts
Vanessa De Mira Moura Brás	Directorlisted until the 2023 accounts
Cormac Smyth	Manager15/06/2015 → 2019 accountsDirector15/06/2015 → 2023 accounts

Other companies at this address

Avenue Pasteur 9 1300 Wavre

Company	CBE no.
Fondation George Arthur Forrest● Active	0837.174.138
GAF GESTION● Active	1031.673.588
GEORGE FORREST EUROPE● Active	0446.457.643
GROUPE FORREST INTERNATIONAL● Active	0833.585.336
IMFOR● Active	0462.000.013

Full financial information

Source · NBB

	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	10/07/2026	31/07/2025	31/10/2024	29/09/2023	29/07/2022	23/07/2021
General meeting	25/05/2026	26/05/2025	04/10/2024	24/08/2023	24/06/2022	31/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 11 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/05/2026	10/07/2026	French	PDF
Abridged model	31/12/2024	26/05/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	04/10/2024	31/10/2024	French	PDF
Abridged model	31/12/2022	24/08/2023	29/09/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	29/07/2022	French	PDF
Abridged model	31/12/2020	31/05/2021	23/07/2021	French	PDF
Abridged model	31/12/2019	19/08/2020	17/09/2020	French	PDF
Abridged modelCorrection	31/12/2018	04/09/2019	31/10/2019	French	PDF
Abridged model	31/12/2018	26/08/2019	30/08/2019	French	PDF
Micro model	31/12/2017	12/10/2018	20/12/2018	French	PDF
Abridged model	31/12/2016	29/05/2017	26/02/2018	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gomes Coelho Borges Luis Filipe	Directorsince 18/07/2024
Vanessa De Mira Maura Bràs	Directorsince 18/07/2024

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gomes Coelho Borges Luis Filipe	Director18/07/2024 → 2024 accounts
Vanessa De Mira Moura Brás	Directorlisted until the 2023 accounts
Cormac Smyth	Manager15/06/2015 → 2019 accountsDirector15/06/2015 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office06/05/2026
SIEGE SOCIAL
PDF
Mandates26/05/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other18/12/2015
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings10 filings

Mandates

Gomes Coelho Borges Luis Filipe

Vanessa De Mira Maura Bràs

Vanessa De Mira Moura Brás

Gomes Coelho Borges Luis Filipe

Cormac SMYTH

Ronan Quinn

Ronan QUIN

VCLJ BEDRIJFSREVISOREN

201520162017201820192020202120222023202420252026

Ardmac

Avenue Vésale 22, 1300 Wavre

Director

DirectorManager

Manager

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Pasteur 9, 1300 WavreCurrent		CBE
Avenue Vésale 22, 1300 Wavre	accounts 2021 → 2025	Accounts 2025 · 2026-00293826

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ArdmacCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00293826

Events

2025
Annual accounts 2025454,1 k €↑
2024
Annual accounts 202479,5 k €↓
2023
Annual accounts 2023510,1 k €↑
2022
Annual accounts 2022441,9 k €↑
2021
Annual accounts 2021107 k €↑
2020
Annual accounts 202045 k €↓
2019
Annual accounts 2019186,6 k €↑
2018
Annual accounts 201830,1 k €↓
2017
Annual accounts 201756,1 k €↑
2016
Annual accounts 20167,3 k €
08/12/2015
IncorporationPrivate limited company

Ardmac

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events