ACTIVE

Ardonagh Specialty Europe

Financial year 2024 · Closed on 31/12/2024

Net result4,3 M €+22,2 %over 1 year

Revenue14,4 M €

Equity11,4 M €+61,8 %over 1 year

Identity

Source · BCE/KBO

Ardonagh Specialty Europe is a Public limited company incorporated in 2019. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Ixelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0717.955.396
Incorporation: 10/01/2019
Legal form: Public limited company
Registered office: Place du Champ de Mars 5
1050 Ixelles · BruxellesSee on map
Contributed capital: 61 500,00 €
Latest accounts: 31/12/2024

Activities (NACE)

66220Activities of insurance agents and brokers· main 66220Activities of insurance agents and brokers 65111Life insurance 65111Life insurance 65121Non-life insurance 65121Non-life insurance+2

Signals

ProfitablePositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 6 filings

Trend over 6 financial years

	2024		2023		2022		2021		2020
Income statement
Revenue	14,4 M €		–		–		–		–
EBITDA	6,1 M €	+28.7%	4,7 M €	+26.4%	3,8 M €	+89.6%	2 M €	+933%	-237,8 k €
Operating result	5,9 M €	+32.3%	4,4 M €	+23.9%	3,6 M €	+98.4%	1,8 M €	+740%	-281,9 k €
Net result	4,3 M €	+22.2%	3,6 M €	+44.4%	2,5 M €	+92.7%	1,3 M €	+491%	-327,2 k €
Balance sheet
Equity	11,4 M €	+61.8%	7 M €	+102%	3,5 M €	+243%	1 M €	+481%	-265,7 k €
Total assets	79,7 M €	+22.4%	65,2 M €	+34.5%	48,4 M €	+26.9%	38,2 M €	+235%	11,4 M €
Cash	16,7 M €	-14.0%	19,4 M €	-9.3%	21,4 M €	+63.0%	13,2 M €	+427%	2,5 M €
Debts	68,4 M €	+17.7%	58,1 M €	+29.7%	44,8 M €	+21.1%	37 M €	+218%	11,6 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

5 active · 9 ended

Active mandates

Oscar Rincon

Director · since 26 novembre 2024 · until 30 juin 2030

Active

Richard Peers

Director · since 26 août 2024 · until 26 novembre 2024

Active

Chris Kent

Director · since 18 octobre 2021 · until 30 juin 2027

Active

Greg Ferguson

Director · since 18 octobre 2021 · until 26 août 2024

Active

Alarik van Doorn

Director · since 01 décembre 2019 · until 22 décembre 2025

Active

Ended mandates

Greg Ferguson

Director · since 18 octobre 2021 · until 30 juin 2027

Ended

Alarik Van Doorn

Director · since 01 décembre 2019 · until 30 juin 2025

Ended

Antonios Erotocritou

Director · since 10 octobre 2019 · until 18 octobre 2021

Ended

Antonios Erotocritou

Director · since 10 octobre 2019 · until 30 juin 2025

Ended

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Place du Champ de Mars 5 1050 Ixelles

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Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	10/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/02/2026	15/04/2025	26/01/2024	21/06/2023	28/10/2021	10/09/2020
General meeting	17/02/2026	11/04/2025	17/01/2024	04/11/2022	27/10/2021	10/09/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 6 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	17/02/2026	27/02/2026	Dutch	PDF
Abridged model	31/12/2023	11/04/2025	15/04/2025	Dutch	PDF
Abridged model	31/12/2022	17/01/2024	26/01/2024	Dutch	PDF
Abridged model	31/12/2021	04/11/2022	21/06/2023	Dutch	PDF
Abridged model	31/12/2020	27/10/2021	28/10/2021	Dutch	PDF
Abridged model	31/12/2019	10/09/2020	10/09/2020	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2024

5 active · 9 ended

Active mandates

Oscar Rincon

Director · since 26 novembre 2024 · until 30 juin 2030

Active

Richard Peers

Director · since 26 août 2024 · until 26 novembre 2024

Active

Chris Kent

Director · since 18 octobre 2021 · until 30 juin 2027

Active

Greg Ferguson

Director · since 18 octobre 2021 · until 26 août 2024

Active

Alarik van Doorn

Director · since 01 décembre 2019 · until 22 décembre 2025

Active

Ended mandates

Greg Ferguson

Director · since 18 octobre 2021 · until 30 juin 2027

Ended

Alarik Van Doorn

Director · since 01 décembre 2019 · until 30 juin 2025

Ended

Antonios Erotocritou

Director · since 10 octobre 2019 · until 18 octobre 2021

Ended

Antonios Erotocritou

Director · since 10 octobre 2019 · until 30 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/09/2026
Ontslag en benoeming bestuurders
PDF
Mandates02/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other01/07/2020
BENAMING
PDF
Mandates12/02/2020
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

05/03/2026
nominationNeil Stevens — bestuurder
2024
Annual accounts 20244,3 M €↑
26/11/2024
nominationOscar Rincon — bestuurder
26/11/2024
demissionRichard Peers — bestuurder
26/08/2024
nominationRichard Peers — bestuurder
2023
Annual accounts 20233,6 M €↑
2022
Annual accounts 20222,5 M €↑
08/12/2022
reconductionDeloitte Bedrijfsrevisoren BV — commissaris
2021
Annual accounts 20211,3 M €↑
2020
Annual accounts 2020-327,2 k €
2019
Annual accounts 2019
10/01/2019
IncorporationPublic limited company

Ardonagh Specialty Europe

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