ACTIVE

ARDO FOODS

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Financial year 2025 · closed on 30/06/2025
Net result
-24 M €
+41.1% YoY
Revenue
850,3 M €
+70.8% YoY
Equity
51,4 M €
-31.9% YoY
Workforce
120,6 ETP
+2.6% YoY

What does ARDO FOODS do?

ARDO FOODS is a Public limited company incorporated in 2003. Its registered office is in Ardooie. It employs on average 120,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0859.755.144
Incorporation
24/07/2003
Legal form
Public limited company
Registered office
Wezestraat 61
8850 Ardooie · FlandreSee on map
Contributed capital
50 000 000,00 €
Latest accounts
30/06/2025
Average workforce
120,6 ETP
Joint committees (2)
  • 200
  • 218
Signals
Healthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220202019201820172016201520132012201120102009200820072006
Income statement
Revenue850,3 M €497,8 M €113,3 M €–––––367 k €1 M €687,3 k €681,8 k €547,5 k €412,4 k €395,6 k €397,5 k €379,4 k €364,2 k €
EBITDA-31,7 M €-33,2 M €-26,6 M €-1,2 M €68 k €180,9 k €122,3 k €112,1 k €224,2 k €500,8 k €540,7 k €601,5 k €575,7 k €496,9 k €252,3 k €-82,3 k €235,5 k €246,3 k €
Operating result-43,8 M €-40,6 M €-28,9 M €-1,9 M €68 k €180,9 k €122,3 k €54,1 k €156,1 k €420,4 k €512,1 k €543,7 k €518,5 k €442,3 k €191,9 k €-140,3 k €179,4 k €190,5 k €
Net result-24 M €-40,8 M €-25,4 M €30,9 M €26,2 M €8,3 M €2,2 M €96,1 k €30,9 M €1,9 M €7,8 M €3 M €3,2 M €1,9 M €1,8 M €5 M €8,3 M €4 M €
Balance sheet
Equity51,4 M €75,4 M €126,2 M €172,6 M €118,4 M €92,2 M €93,7 M €91,5 M €98,9 M €66,9 M €33,1 M €30,9 M €31,9 M €28,8 M €29,8 M €30 M €25,1 M €21,8 M €
Total assets698,4 M €650,5 M €513 M €312,6 M €177,4 M €149,2 M €147,9 M €120,7 M €106,6 M €71 M €41,5 M €36,8 M €34,1 M €34 M €33,8 M €32,8 M €33,4 M €30,5 M €
Cash12 M €31,5 M €32,6 M €17,3 M €63,5 k €34,8 k €35,1 k €5,3 k €558,6 €2,1 k €576 €640 €634,3 €19 k €109 €685,3 €794,1 €9 k €
Debts644 M €572,6 M €384,1 M €140 M €58,8 M €56,9 M €54,2 M €29,2 M €7,7 M €4,2 M €8,4 M €5,9 M €2,1 M €5,2 M €3,9 M €2,8 M €8,3 M €8,7 M €
Other
Workforce120,6 ETP117,6 ETP103,3 ETP112,8 ETP4,7 ETP5,8 ETP5,3 ETP3,9 ETP5,3 ETP5,8 ETP5,8 ETP5,8 ETP6,3 ETP6,8 ETP7,4 ETP7,0 ETP7,0 ETP7,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 9 active · 71 ended

Active mandates

TNFO

Director · since 11 mars 2024 · until 01 décembre 2026 · 0778.919.797

Represented by Anouk Schoors

Active
Bernard HASPESLAGH

Director · since 05 décembre 2023 · until 01 décembre 2026

Active
Coformaco Manage

Director · since 05 décembre 2023 · until 01 décembre 2026 · 0627.842.396

Represented by Conny Vandendriessche

Active
Jan HASPESLAGH

Director · since 05 décembre 2023 · until 01 décembre 2026

Active
Jules Noten

Chairman of the board of directors · since 05 décembre 2023 · until 01 décembre 2026 · 0548.770.570

Represented by Jules Noten

Active
Liesbeth Haspeslagh

Director · since 05 décembre 2023 · until 01 décembre 2026

Active
Michel HASPESLAGH

Director · since 05 décembre 2023 · until 02 décembre 2025

Active
Stefaan Decraene

Director · since 05 décembre 2023 · until 01 décembre 2026

Active
VASTICOM

Director · since 05 décembre 2023 · until 01 décembre 2026 · 0551.837.750

Represented by Jan Vander Stichele

Active

Ended mandates

Euro Invest Management

Director · since 01 décembre 2022 · until 02 juillet 2022 · 0463.587.150

Represented by Frédérik Haspeslagh

Ended
Michel HASPESLAGH

Director · since 02 juillet 2022 · until 05 décembre 2023

Ended
Jules Noten

Chairman of the board of directors · since 01 juillet 2021 · until 05 décembre 2023 · 0548.770.570

Represented by Jules Noten

Ended
Coformaco Manage

Director · since 01 février 2021 · until 05 décembre 2023 · 0627.842.396

Represented by Conny Vandendriessche

Ended
At this address

Other companies at this address

CompanyCBE no.
AGORIS● Active
0875.618.307
ARDO● Active
0433.803.794
ARDO ARDOOIE● Active
0416.330.136
ARDO ENERGY● Active
0733.620.502
ARDO FOODS PILLAR II● Active
1013.798.963
Inero● Active
0679.984.450
RIWARD● Active
0791.911.364
UNIGROW● Active
0875.868.230
VEGRAS● Active
0556.708.239
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/12/202518/12/202418/12/202304/01/202322/12/202106/01/2021
General meeting02/12/202503/12/202405/12/202306/12/202210/12/202101/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

34 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/06/202502/12/202515/12/2025DutchPDF
Full model30/06/202403/12/202418/12/2024DutchPDF
Full model30/06/202305/12/202318/12/2023DutchPDF
Full model30/06/202206/12/202204/01/2023DutchPDF
Full model30/06/202110/12/202122/12/2021DutchPDF
Consolidated accounts30/06/202110/12/202121/12/2021DutchPDF
Full model30/06/202001/12/202008/12/2020DutchPDF
Consolidated accounts30/06/202001/12/202006/01/2021DutchPDF
Full model30/06/201903/12/201920/12/2019DutchPDF
Consolidated accounts30/06/201903/12/201918/12/2019DutchPDF
Full model30/06/201804/12/201812/12/2018DutchPDF
Consolidated accounts30/06/201804/12/201817/12/2018DutchPDF
Full model30/06/201705/12/201713/12/2017DutchPDF
Consolidated accounts30/06/201705/12/201718/12/2017DutchPDF
Full model30/06/201615/12/201616/12/2016DutchPDF
Consolidated accounts30/06/201615/12/201627/12/2016DutchPDF
Full model30/06/201517/12/201521/12/2015DutchPDF
Consolidated accounts30/06/201517/12/201522/12/2015DutchPDF
Full model31/12/201325/06/201426/06/2014DutchPDF
Consolidated accounts31/12/201325/06/201409/07/2014DutchPDF
Full model31/12/201218/06/201324/06/2013DutchPDF
Consolidated accounts31/12/201218/06/201324/06/2013DutchPDF
Full model31/12/201119/06/201226/06/2012DutchPDF
Consolidated accounts31/12/201125/06/201218/07/2012DutchPDF

View all 34 filings

Estimate

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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 9 active · 71 ended

Active mandates

TNFO

Director · since 11 mars 2024 · until 01 décembre 2026 · 0778.919.797

Represented by Anouk Schoors

Active
Bernard HASPESLAGH

Director · since 05 décembre 2023 · until 01 décembre 2026

Active
Coformaco Manage

Director · since 05 décembre 2023 · until 01 décembre 2026 · 0627.842.396

Represented by Conny Vandendriessche

Active
Jan HASPESLAGH

Director · since 05 décembre 2023 · until 01 décembre 2026

Active
Jules Noten

Chairman of the board of directors · since 05 décembre 2023 · until 01 décembre 2026 · 0548.770.570

Represented by Jules Noten

Active
Liesbeth Haspeslagh

Director · since 05 décembre 2023 · until 01 décembre 2026

Active
Michel HASPESLAGH

Director · since 05 décembre 2023 · until 02 décembre 2025

Active
Stefaan Decraene

Director · since 05 décembre 2023 · until 01 décembre 2026

Active
VASTICOM

Director · since 05 décembre 2023 · until 01 décembre 2026 · 0551.837.750

Represented by Jan Vander Stichele

Active

Ended mandates

Euro Invest Management

Director · since 01 décembre 2022 · until 02 juillet 2022 · 0463.587.150

Represented by Frédérik Haspeslagh

Ended
Michel HASPESLAGH

Director · since 02 juillet 2022 · until 05 décembre 2023

Ended
Jules Noten

Chairman of the board of directors · since 01 juillet 2021 · until 05 décembre 2023 · 0548.770.570

Represented by Jules Noten

Ended
Coformaco Manage

Director · since 01 février 2021 · until 05 décembre 2023 · 0627.842.396

Represented by Conny Vandendriessche

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates31/07/2026
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - DIVERSEN
    PDF
  • Capital / shares24/07/2026
    KAPITAAL - AANDELEN
    PDF
  • Mandates07/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/09/2022
    DIVERSEN - DOEL
    PDF
  • Mandates31/05/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/10/2021
    ONTSLAGEN - BENOEMINGEN
    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 2025-24 M €↑
  2. 2024
    Annual accounts 2024-40,8 M €↓
  3. 11/03/2024
    nominationTNFO NV — bestuurder
  4. 01/03/2024
    nominationEveline Maertens — dagelijks bestuur
  5. 01/01/2024
    nominationTijl Goens — directeur
  6. 05/12/2023
    reconductionLiesbeth Haspeslagh — bestuurder
  7. 05/12/2023
    reconductionJan Haspeslagh — bestuurder
  8. 05/12/2023
    reconductionBernard Haspeslagh — bestuurder
  9. 05/12/2023
    reconductionMichel Haspeslagh — bestuurder
  10. 05/12/2023
    reconductionStefaan Decraene — bestuurder
  11. 05/12/2023
    reconductionJules Noten — bestuurder
  12. 05/12/2023
    reconductionJan Vander Stichele — bestuurder
  13. 05/12/2023
    reconductionConny Vandendriessche — bestuurder
  14. 2023
    Annual accounts 2023-25,4 M €↓
  15. 02/07/2022
    nominationMichel Haspeslagh — bestuurder
  16. 01/07/2022
    nominationPieter Verschraegen — dagelijks bestuurder
  17. 2022
    Annual accounts 202230,9 M €↑
  18. 10/12/2021
    nominationERNST & YOUNG BEDRIJFSREVISOREN BV — commissaris
  19. 01/10/2021
    nominationGabrielle Kalkwijk — dagelijks bestuur
  20. 01/10/2021
    nominationDe Kassei Consulting BV — dagelijks bestuur
  21. 01/10/2021
    nominationKMT BV — dagelijks bestuur
  22. 01/10/2021
    nominationBernard Haspeslagh — dagelijks bestuur
  23. 01/07/2021
    nominationFrederik Haspeslagh — vaste vertegenwoordiger van Euro Invest Management NV
  24. 01/07/2021
    nominationJules Noten GCV — voorzitter van de raad van bestuur
  25. 2020
    Annual accounts 202026,2 M €↑
  26. 2019
    Annual accounts 20198,3 M €↑
  27. 2018
    Annual accounts 20182,2 M €↑
  28. 2017
    Annual accounts 201796,1 k €↓
  29. 2016
    Annual accounts 201630,9 M €↑
  30. 2015
    Annual accounts 20151,9 M €↓
  31. 2013
    Annual accounts 20137,8 M €↑
  32. 2012
    Annual accounts 20123 M €↓
  33. 2011
    Annual accounts 20113,2 M €↑
  34. 2010
    Annual accounts 20101,9 M €↑
  35. 2009
    Annual accounts 20091,8 M €↓
  36. 2008
    Annual accounts 20085 M €↓
  37. 2007
    Annual accounts 20078,3 M €↑
  38. 2006
    Annual accounts 20064 M €
  39. 24/07/2003
    IncorporationPublic limited company