ARDENO
0766.286.934 · rovalta.com · 24/09/2026
ACTIVE
ARDENO
Financial year 2025 · closed on 31/12/2025
Net result
325 k €
+201.5% YoY
Gross margin
3,8 M €
+22.8% YoY
Equity
26,3 M €
+1.2% YoY
Overview
What does ARDENO do?
ARDENO is a Private limited company incorporated in 2021. Its main activity is: Development of building projects. Its registered office is in Gent.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0766.286.934
Incorporation
02/04/2021
Legal form
Private limited company
Registered office
Pauline Van Pottelsberghelaan 10
9051 Gent · FlandreSee on map
9051 Gent · FlandreSee on map
Contributed capital
14 441 939,10 €
Latest accounts
31/12/2025
Activities (NACE)
41102Development of building projects· main68122Buying and selling of own real estate68203Rental and operating of own or leased real estate68203Rental and operating of own or leased real estate68321Management of real estate on a fee or contract basis68322Management of real estate on a fee or contract basis
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
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Financials
Trend over 5 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 3,8 M € | +22.8% | 3,1 M € | -40.6% | 5,2 M € | +537% | 815,3 k € | -55.9% | 1,8 M € |
| EBITDA | 3,4 M € | +25.7% | 2,7 M € | -43.2% | 4,8 M € | +1052% | 412,8 k € | -71.4% | 1,4 M € |
| Operating result | 1,5 M € | +74.7% | 872,7 k € | -73.9% | 3,4 M € | +444% | -972,7 k € | -506% | -160,5 k € |
| Net result | 325 k € | +201% | -320,3 k € | -113% | 2,5 M € | +373% | -922,1 k € | -298% | -231,4 k € |
| Balance sheet | |||||||||
| Equity | 26,3 M € | +1.2% | 26 M € | -38.8% | 42,5 M € | +2.7% | 41,4 M € | -2.2% | 42,3 M € |
| Total assets | 57,4 M € | +1.0% | 56,8 M € | -6.6% | 60,9 M € | +9.5% | 55,6 M € | +16.1% | 47,9 M € |
| Cash | 983,8 k € | -50.3% | 2 M € | -73.5% | 7,5 M € | +2194% | 326 k € | -61.7% | 851,5 k € |
| Debts | 31 M € | +0.9% | 30,7 M € | +68.1% | 18,3 M € | +29.4% | 14,1 M € | +156% | 5,5 M € |
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 4 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
226 INVEST● Active | 1039.768.041 |
ARCHIMEDES OFFICES● Active | 0778.865.854 |
ARGIBEL● Active | 0419.150.757 |
AtlantaCo● Active | 0635.989.606 |
Avenue Building● Active | 0838.744.449 |
AXS Liège● Active | 0805.568.667 |
Balmaris Holdco● Active | 1036.438.070 |
BALTAIR● Active | 0723.772.626 |
BALTISSE● Active | 0885.922.180 |
Baltisse Abacus● Active | 1015.606.826 |
Baltisse Management Incentive● Active | 1034.175.594 |
Baltisse Real Estate● Active | 0866.682.528 |
Baltisse Real Estate Investments● Active | 0788.252.979 |
BBSD25● Active | 1032.209.266 |
BLUE LINE STORAGE● Active | 0734.703.437 |
BUILDING● Active | 0435.543.856 |
Clara Construct● Active | 1031.918.662 |
De Veste● Active | 0792.431.602 |
De Veste Monument● Active | 1010.243.914 |
Floorenter● Active | 0640.884.938 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Type of account | 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 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 09/06/2026 | 02/06/2025 | 14/06/2024 | 31/08/2023 | 26/07/2022 |
| General meeting | 29/05/2026 | 30/05/2025 | 12/06/2024 | 30/08/2023 | 27/06/2022 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | 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
5 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 29/05/2026 | 09/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 30/05/2025 | 02/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 12/06/2024 | 14/06/2024 | Dutch | |
| Abridged model | 31/12/2022 | 30/08/2023 | 31/08/2023 | Dutch | |
| Abridged model | 31/12/2021 | 27/06/2022 | 26/07/2022 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 k€
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 31/12/2025 · 3 active · 4 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
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 2025325 k €↑
- 2024Annual accounts 2024-320,3 k €↓
- 12/06/2024reconductionFINVISION BEDRIJFSREVISOREN WAREGEM BV — commissaris
- 12/06/2024nominationChristophe De Paepe — vaste vertegenwoordiger van de commissaris
- 2023Annual accounts 20232,5 M €↑
- 2022Annual accounts 2022-922,1 k €↓
- 27/06/2022nominationAssets Invest BV — niet statutaire bestuurder
- 2021Annual accounts 2021-231,4 k €
- 02/04/2021IncorporationPrivate limited company