ACTIVE

ARDENO

Financial year 2025 · Closed on 31/12/2025

Net result325 k €+201,5 %over 1 year

Gross margin3,8 M €+22,8 %over 1 year

Equity26,3 M €+1,2 %over 1 year

Identity

Source · BCE/KBO

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
Contributed capital: 14 441 939,10 €
Latest accounts: 31/12/2025

Activities (NACE)

41102Development of building projects· main 68122Buying and selling of own real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68321Management of real estate on a fee or contract basis 68322Management of real estate on a fee or contract basis

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

Financials

Source · NBB, 5 filings

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 €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ASSETS INVEST0479.232.755Represented by Alex DE WITTE	Directorsince 27/06/2022
Baltisse Real Estate0866.682.528Represented by Marc JANSSENS	Directorsince 30/03/2021
QRF MANAGEMENT0537.925.079Represented by William VANMOERKERKE	Directorsince 30/03/2021

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Avenue Building0838.744.449Represented by Alex DE WITTE	Director30/03/2021 → 27/06/2022

Other companies at this address

Pauline Van Pottelsberghelaan 10 9051 Gent

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

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	09/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	02/06/2025	Dutch	PDF
Abridged model	31/12/2023	12/06/2024	14/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/08/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	26/07/2022	Dutch	PDF

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.

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

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ASSETS INVEST0479.232.755Represented by Alex DE WITTE	Directorsince 27/06/2022
Baltisse Real Estate0866.682.528Represented by Marc JANSSENS	Directorsince 30/03/2021
QRF MANAGEMENT0537.925.079Represented by William VANMOERKERKE	Directorsince 30/03/2021

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Avenue Building0838.744.449Represented by Alex DE WITTE	Director30/03/2021 → 27/06/2022

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other07/04/2021
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

Filings5 filings

Mandates

ASSETS INVEST

QRF MANAGEMENT

Baltisse Real Estate

Avenue Building

202120222023202420252026

ARDENO

Pauline Van Pottelsberghelaan 10, 9051 Sint-Denijs-Westrem

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Pauline Van Pottelsberghelaan 10, 9051 Sint-Denijs-WestremCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00151364

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ARDENOCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00151364

Events

2025
Annual accounts 2025325 k €↑
2024
Annual accounts 2024-320,3 k €↓
12/06/2024
reconductionFINVISION BEDRIJFSREVISOREN WAREGEM BV · commissaris
12/06/2024
nominationChristophe De Paepe · vaste vertegenwoordiger van de commissaris
2023
Annual accounts 20232,5 M €↑
2022
Annual accounts 2022-922,1 k €↓
27/06/2022
nominationAssets Invest BV · niet statutaire bestuurder
2021
Annual accounts 2021-231,4 k €
02/04/2021
IncorporationPrivate limited company

ARDENO

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