ACTIVE

ARDELION

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Financial year 2025 · closed on 31/12/2025

Net result

6,2 M €

+625.8% YoY

Gross margin

6,9 M €

+2089.9% YoY

Equity

7,8 M €

+284.6% YoY

Workforce

1,0 ETP

0.0% YoY

What does ARDELION do?

ARDELION is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Chaudfontaine. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0869.470.386

Incorporation

18/10/2004

Legal form

Private limited company

Registered office

Rue du Wérihet 8
4052 Chaudfontaine · WallonieSee on map

Contributed capital

14 260,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

70200Management consultancy activities· main

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	6,9 M €	+2090%	314,9 k €	-3.4%	325,9 k €	+3.5%	315 k €	+21.2%	259,9 k €	+1.9%	255,1 k €	+28.5%	198,5 k €	+0.0%	198,5 k €	+10.7%	179,3 k €	+23.7%	145 k €	+77.0%	81,9 k €	-7.0%	88,1 k €	-14.7%	103,3 k €	+82.0%	56,7 k €	-61.1%	145,9 k €	+198%	48,9 k €	-72.6%	178,2 k €	+36.6%	130,5 k €	+1.1%	129,1 k €
EBITDA	6,8 M €	+2523%	260,8 k €	-3.7%	270,8 k €	+1.0%	268,1 k €	+25.8%	213,2 k €	+0.8%	211,4 k €	+36.4%	155 k €	-3.1%	159,9 k €	+8.9%	146,9 k €	+3.8%	141,4 k €	+98.7%	71,2 k €	-15.9%	84,7 k €	-16.2%	101 k €	+85.2%	54,6 k €	-61.8%	142,6 k €	+219%	44,7 k €	-70.9%	153,6 k €	+30.7%	117,5 k €	-7.8%	127,5 k €
Operating result	6,8 M €	+2888%	227,9 k €	-4.6%	238,7 k €	+1.7%	234,8 k €	+30.2%	180,2 k €	+9.7%	164,3 k €	+46.3%	112,3 k €	+35.2%	83,1 k €	-25.0%	110,7 k €	+6.4%	104,1 k €	+244%	30,3 k €	-36.3%	47,5 k €	-32.3%	70,1 k €	+196%	23,7 k €	-78.9%	112,1 k €	+607%	15,8 k €	-87.2%	124 k €	+79.7%	69 k €	-25.3%	92,3 k €
Net result	6,2 M €	+626%	848,4 k €	+454%	153,2 k €	-69.0%	494,1 k €	+331%	114,5 k €	-39.7%	189,9 k €	+181%	67,7 k €	+55.3%	43,6 k €	-31.0%	63,2 k €	-6.0%	67,2 k €	+376%	14,1 k €	-37.4%	22,5 k €	-47.5%	43 k €	-48.9%	84 k €	+24.9%	67,3 k €	+2259%	2,9 k €	-95.3%	60,4 k €	+32.9%	45,4 k €	-32.6%	67,4 k €
Balance sheet
Equity	7,8 M €	+285%	2 M €	+62.3%	1,3 M €	+9.9%	1,1 M €	+61.0%	708,1 k €	+52.0%	465,8 k €	+68.9%	275,8 k €	+32.5%	208,1 k €	+26.5%	164,5 k €	+62.4%	101,3 k €	+197%	34,1 k €	+57.7%	21,7 k €	-85.0%	144,1 k €	+40.2%	102,8 k €	-13.5%	118,7 k €	+124%	53 k €	-76.6%	226,7 k €	+35.0%	168 k €	+35.3%	124,2 k €
Total assets	8,6 M €	+261%	2,4 M €	+19.7%	2 M €	-0.2%	2 M €	+52.2%	1,3 M €	+1.7%	1,3 M €	+31.0%	983,7 k €	+5.5%	932,7 k €	+23.5%	755 k €	+115%	350,6 k €	+9.3%	320,7 k €	-27.9%	444,9 k €	+3.7%	429,2 k €	-6.2%	457,6 k €	+3.6%	441,7 k €	-22.1%	567,1 k €	-5.2%	598,5 k €	+12.5%	531,8 k €	+65.1%	322,2 k €
Cash	381,2 k €	+143%	156,7 k €	+132%	67,5 k €	-81.3%	361 k €	+316%	86,7 k €	+521%	14 k €	+355%	3,1 k €	-53.4%	6,6 k €	-75.3%	26,7 k €	-78.1%	122,1 k €	+129%	53,3 k €	-67.4%	163,6 k €	+12.5%	145,3 k €	+444%	26,7 k €	-70.0%	89 k €	-56.0%	202,4 k €	+1727%	11,1 k €	-65.3%	32 k €	+34.9%	23,7 k €
Debts	778,1 k €	+123%	349,2 k €	-52.7%	737,8 k €	-13.6%	854,2 k €	+41.9%	602 k €	-26.8%	822,8 k €	+16.2%	707,9 k €	-2.3%	724,6 k €	+22.7%	590,5 k €	+137%	249,2 k €	-13.0%	286,6 k €	-32.3%	423,2 k €	+48.5%	285,1 k €	-19.7%	354,8 k €	+9.9%	323 k €	-37.2%	514,1 k €	+38.3%	371,8 k €	+2.2%	363,9 k €	+83.8%	198 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		1,0 ETP		–		1,0 ETP		–		0,3 ETP		–		–		–		0,2 ETP		–		1,0 ETP	+150%	0,4 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Bénédicte Trévisan

Manager

Active

Marc Salamé

Manager

Active

Ended mandates

BENEDICTE TREVISAN

Manager · since 01 octobre 2014

Ended

Bastien Jean

Manager · since 12 octobre 2004 · until 12 juin 2006

Ended

Marc Salamé

Manager · since 12 octobre 2004

Ended

MARC SALAME

Manager · since 01 octobre 2004

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	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	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	30/07/2026	25/07/2025	30/07/2024	28/07/2023	12/07/2022	24/08/2021
General meeting	04/06/2026	26/06/2025	18/07/2024	01/06/2023	02/06/2022	03/06/2021
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
Abridged model	31/12/2025	04/06/2026	30/07/2026	French	PDF
Abridged model	31/12/2024	26/06/2025	25/07/2025	French	PDF
Abridged model	31/12/2023	18/07/2024	30/07/2024	French	PDF
Abridged model	31/12/2022	01/06/2023	28/07/2023	French	PDF
Abridged model	31/12/2021	02/06/2022	12/07/2022	French	PDF
Abridged model	31/12/2020	03/06/2021	24/08/2021	French	PDF
Abridged model	31/12/2019	04/06/2020	12/08/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	10/07/2019	French	PDF
Micro model	31/12/2017	07/06/2018	18/06/2018	French	PDF
Abridged model	31/12/2016	01/06/2017	12/07/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	25/07/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	20/07/2015	French	PDF
Abridged model	31/12/2013	05/06/2014	12/06/2014	French	PDF
Abridged model	31/12/2012	06/06/2013	19/08/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	03/07/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	10/08/2011	French	PDF
Abridged model	31/12/2009	10/06/2010	11/06/2010	French	PDF
Abridged model	31/12/2008	18/06/2009	22/06/2009	French	PDF
Abridged model	31/12/2007	31/07/2008	26/08/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	26/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2025 · 2 active · 6 ended

Active mandates

Bénédicte Trévisan

Manager

Active

Marc Salamé

Manager

Active

Ended mandates

BENEDICTE TREVISAN

Manager · since 01 octobre 2014

Ended

Bastien Jean

Manager · since 12 octobre 2004 · until 12 juin 2006

Ended

Marc Salamé

Manager · since 12 octobre 2004

Ended

MARC SALAME

Manager · since 01 octobre 2004

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office20/03/2024
SIEGE SOCIAL
PDF
Mandates02/07/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates14/11/2014
DEMISSIONS, NOMINATIONS
PDF
Registered office20/06/2008
TRANSFERT DU SIEGE SOCIAL
PDF
Other11/10/2006
MODIFICATION DE L'OBJET SOCIAL - MODIFICATION DES STATUTS.
PDF
Other04/11/2004
‘
PDF
Other26/10/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 20256,2 M €↑
2024
Annual accounts 2024848,4 k €↑
2023
Annual accounts 2023153,2 k €↓
2022
Annual accounts 2022494,1 k €↑
2021
Annual accounts 2021114,5 k €↓
2019
Annual accounts 2019189,9 k €↑
2018
Annual accounts 201867,7 k €↑
2017
Annual accounts 201743,6 k €↓
2016
Annual accounts 201663,2 k €↓
2015
Annual accounts 201567,2 k €↑
2014
Annual accounts 201414,1 k €↓
2013
Annual accounts 201322,5 k €↓
2012
Annual accounts 201243 k €↓
2011
Annual accounts 201184 k €↑
2010
Annual accounts 201067,3 k €↑
2009
Annual accounts 20092,9 k €↓
2008
Annual accounts 200860,4 k €↑
2007
Annual accounts 200745,4 k €↓
2006
Annual accounts 200667,4 k €
18/10/2004
IncorporationPrivate 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

ARDELION

Overview

What does ARDELION do?

Trend over 19 financial years

Indicative valuation

Board of directors

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