ACTIVE

ARDENNE-CONCEPT

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Financial year 2025 · closed on 31/12/2025

Net result

-50,1 k €

+74.2% YoY

Gross margin

364,9 k €

+54.8% YoY

Equity

-31,4 k €

-252.4% YoY

What does ARDENNE-CONCEPT do?

ARDENNE-CONCEPT is a Public limited company incorporated in 2003. Its registered office is in Verviers.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.588.948

Incorporation

19/09/2003

Legal form

Public limited company

Registered office

Rue Grétry 9
4800 Verviers · WallonieSee on map

Contributed capital

412 000,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	364,9 k €	+54.8%	235,7 k €	-25.1%	314,7 k €	+14.9%	273,9 k €	-14.6%	320,6 k €	+103%	158,2 k €	-45.7%	291,3 k €	+8.9%	267,5 k €	+7.1%	249,7 k €	+7.2%	233 k €	+74.7%	133,3 k €	+11.0%	120,1 k €	+45.3%	82,6 k €	-17.9%	100,7 k €	+16.5%	86,5 k €	+7.2%	80,7 k €	-2.9%	83 k €	-29.4%	117,6 k €	+67.1%	70,4 k €	-6.6%	75,4 k €
EBITDA	15,2 k €	+112%	-121,9 k €	-4451%	2,8 k €	-76.0%	11,7 k €	-92.5%	155,7 k €	+836%	16,6 k €	-79.7%	82,1 k €	-7.9%	89,1 k €	+36.6%	65,2 k €	-0.6%	65,6 k €	+67.7%	39,1 k €	-60.9%	100,2 k €	+140%	41,7 k €	-7.1%	44,9 k €	-12.8%	51,5 k €	-1.7%	52,4 k €	-6.9%	56,3 k €	-20.6%	70,9 k €	+85.9%	38,1 k €	-20.9%	48,2 k €
Operating result	-42,3 k €	+77.0%	-183,4 k €	-180%	-65,5 k €	-17.4%	-55,8 k €	-166%	85 k €	+238%	-61,7 k €	-2674%	2,4 k €	-78.3%	11,1 k €	+185%	-12,9 k €	-87.7%	-6,9 k €	+76.5%	-29,3 k €	-186%	33,9 k €	+196%	-35,2 k €	-11.6%	-31,6 k €	-244%	-9,2 k €	-31535%	29,2 €	-99.5%	5,8 k €	-69.8%	19,3 k €	+452%	-5,5 k €	-215%	4,8 k €
Net result	-50,1 k €	+74.2%	-194,3 k €	-152%	-77,2 k €	-26.4%	-61,1 k €	-171%	85,9 k €	+240%	-61,4 k €	-6313%	988,4 €	-89.8%	9,7 k €	+174%	-13,1 k €	-44.2%	-9,1 k €	+71.9%	-32,2 k €	-203%	31,2 k €	+533%	4,9 k €	+116%	-31,3 k €	-1152%	-2,5 k €	+41.8%	-4,3 k €	-472%	-751,8 €	-105%	14,3 k €	+297%	-7,3 k €	-1313%	600,1 €
Balance sheet
Equity	-31,4 k €	-252%	20,6 k €	-90.5%	216,7 k €	-26.7%	295,8 k €	-17.5%	358,7 k €	+30.3%	275,3 k €	-18.9%	339,3 k €	-0.5%	340,8 k €	+1.8%	334,9 k €	-3.8%	348,1 k €	-3.4%	360,3 k €	-8.9%	395,5 k €	+7.7%	367,4 k €	-0.4%	368,9 k €	-9.3%	406,6 k €	+7.3%	379 k €	+31.7%	287,8 k €	+59.3%	180,7 k €	+6.5%	169,6 k €	-5.9%	180,2 k €
Total assets	389,7 k €	-17.3%	471 k €	-24.0%	619,8 k €	+0.2%	618,7 k €	-17.7%	751,3 k €	+18.3%	635,1 k €	-11.0%	713,4 k €	+0.9%	706,7 k €	-2.8%	727,3 k €	-1.4%	737,9 k €	-4.2%	769,9 k €	+7.1%	718,9 k €	+2.3%	702,8 k €	-5.5%	743,6 k €	+30.5%	569,9 k €	+10.4%	516,4 k €	+3.4%	499,5 k €	+19.0%	419,6 k €	+27.2%	329,8 k €	-8.7%	361 k €
Cash	3,4 k €	-28.0%	4,7 k €	-92.3%	60,9 k €	-41.3%	103,8 k €	-42.6%	180,8 k €	+514%	29,4 k €	-29.5%	41,7 k €	+178%	15 k €	+84.9%	8,1 k €	-62.9%	21,9 k €	-69.8%	72,5 k €	-15.6%	85,9 k €	+166%	32,3 k €	-7.3%	34,8 k €	-10.9%	39,1 k €	-18.0%	47,7 k €	-52.9%	101,3 k €	+883%	10,3 k €	-21.3%	13,1 k €	-52.8%	27,7 k €
Debts	418,3 k €	-5.8%	444 k €	+10.4%	402,3 k €	+24.9%	322 k €	-17.9%	392,1 k €	+9.5%	358,1 k €	-3.8%	372,2 k €	+2.3%	363,8 k €	-6.4%	388,5 k €	+0.1%	388,2 k €	-4.8%	407,6 k €	+27.2%	320,5 k €	-4.4%	335,3 k €	-10.1%	373,1 k €	+133%	160 k €	+24.1%	128,9 k €	-37.1%	204,9 k €	-11.1%	230,5 k €	+53.7%	150 k €	-11.2%	168,9 k €
Other
Workforce	–		–		–		–		–		–		5,1 ETP	+6.2%	4,8 ETP	-21.3%	6,1 ETP	+56.4%	3,9 ETP	+69.6%	2,3 ETP	+283%	0,6 ETP	-40.0%	1,0 ETP	-23.1%	1,3 ETP	0.0%	1,3 ETP	+62.5%	0,8 ETP	+33.3%	0,6 ETP	-57.1%	1,4 ETP	+75.0%	0,8 ETP	-11.1%	0,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 26 ended

Active mandates

Michel VAN DER VEKEN

Director · since 26 mai 2026 · until 26 mai 2028

Active

Sarah PAQUAY

Director · since 26 mai 2026 · until 26 mai 2028

Active

Claude PAQUAY

Managing director · since 27 mai 2022 · until 27 mai 2028

Active

CP MANAGEMENT

Director · since 27 mai 2022 · until 27 mai 2028 · 0828.685.054

Active

Geneviève DALE

Director · since 27 mai 2022 · until 27 mai 2028

Active

Ended mandates

CP MANAGEMENT

Director · since 27 mai 2022 · until 27 mai 2028 · 0828.685.054

Represented by Claude PAQUAY

Ended

Claude PAQUAY

Managing director · since 26 mai 2022 · until 26 mai 2028

Ended

Claude PAQUAY

Managing director · since 26 mai 2022 · until 20 juin 2028

Ended

CP MANAGEMENT

Director · since 26 mai 2022 · until 26 mai 2028 · 0828.685.054

Represented by Claude PAQUAY

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires du DOMAINE DU PARC, à 4800 Verviers, rue Grétry, 9● Active	0678.751.362
Association des copropriétaires du DOMAINE DU PARC-Résidence LE CHÊNE, à 4800 Verviers, rue Grétry, 9● Active	0678.751.461
PAQUAY IMMO & INVEST● Active	0439.108.409

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	04/08/2026	21/08/2025	21/05/2025	26/08/2023	24/06/2022	09/08/2021
General meeting	26/05/2026	27/06/2025	11/05/2025	26/05/2023	27/05/2022	26/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/05/2026	04/08/2026	French	PDF
Micro model	31/12/2024	27/06/2025	21/08/2025	French	PDF
Micro model	31/12/2023	11/05/2025	21/05/2025	French	PDF
Micro model	31/12/2022	26/05/2023	26/08/2023	French	PDF
Micro model	31/12/2021	27/05/2022	24/06/2022	French	PDF
Micro model	31/12/2020	26/05/2021	09/08/2021	French	PDF
Abridged model	31/12/2019	26/05/2020	28/07/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	26/05/2018	10/08/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	19/07/2017	French	PDF
Abridged model	31/12/2015	26/05/2016	28/07/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	22/07/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	09/08/2013	French	PDF
Abridged model	31/12/2011	26/05/2012	19/09/2012	French	PDF
Abridged model	31/12/2010	26/05/2011	02/11/2011	French	PDF
Abridged model	31/12/2009	26/05/2010	19/08/2010	French	PDF
Abridged model	31/12/2008	26/05/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	26/05/2007	28/08/2007	French	PDF

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.

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 31/12/2025 · 5 active · 26 ended

Active mandates

Michel VAN DER VEKEN

Director · since 26 mai 2026 · until 26 mai 2028

Active

Sarah PAQUAY

Director · since 26 mai 2026 · until 26 mai 2028

Active

Claude PAQUAY

Managing director · since 27 mai 2022 · until 27 mai 2028

Active

CP MANAGEMENT

Director · since 27 mai 2022 · until 27 mai 2028 · 0828.685.054

Active

Geneviève DALE

Director · since 27 mai 2022 · until 27 mai 2028

Active

Ended mandates

CP MANAGEMENT

Director · since 27 mai 2022 · until 27 mai 2028 · 0828.685.054

Represented by Claude PAQUAY

Ended

Claude PAQUAY

Managing director · since 26 mai 2022 · until 26 mai 2028

Ended

Claude PAQUAY

Managing director · since 26 mai 2022 · until 20 juin 2028

Ended

CP MANAGEMENT

Director · since 26 mai 2022 · until 26 mai 2028 · 0828.685.054

Represented by Claude PAQUAY

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office02/03/2023
SIEGE SOCIAL
PDF
Mandates06/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates03/12/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates03/08/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates15/06/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates11/01/2011
DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 2025-50,1 k €↑
2024
Annual accounts 2024-194,3 k €↓
2023
Annual accounts 2023-77,2 k €↓
2022
Annual accounts 2022-61,1 k €↓
2021
Annual accounts 202185,9 k €↑
2020
Annual accounts 2020-61,4 k €↓
2019
Annual accounts 2019988,4 €↓
2018
Annual accounts 20189,7 k €↑
2017
Annual accounts 2017-13,1 k €↓
2016
Annual accounts 2016-9,1 k €↑
2015
Annual accounts 2015-32,2 k €↓
2014
Annual accounts 201431,2 k €↑
2013
Annual accounts 20134,9 k €↑
2012
Annual accounts 2012-31,3 k €↓
2011
Annual accounts 2011-2,5 k €↑
2010
Annual accounts 2010-4,3 k €↓
2009
Annual accounts 2009-751,8 €↓
2008
Annual accounts 200814,3 k €↑
2007
Annual accounts 2007-7,3 k €↓
2006
Annual accounts 2006600,1 €
19/09/2003
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ARDENNE-CONCEPT

Overview

What does ARDENNE-CONCEPT do?

Trend over 20 financial years

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