ACTIVE

ENERGIES RENOUVELABLES DES ARDENNES

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Financial year 2025 · Closed on 30/06/2025

Net result8,2 M €-1,6 %over 1 year

Revenue57,6 M €-0,5 %over 1 year

Equity29 M €+39,6 %over 1 year

Workforce58,6 ETP+1,6 %over 1 year

Identity

Source · BCE/KBO

ENERGIES RENOUVELABLES DES ARDENNES is a Public limited company incorporated in 2005. Its main activity is: Manufacture of products of wood, cork, straw and plaiting materials. Its registered office is in Bertrix. It employs on average 58,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0874.244.271
Incorporation: 03/06/2005
Legal form: Public limited company
Registered office: Le Rouvrou 2
6880 Bertrix · WallonieSee on map
Contributed capital: 8 700 000,00 €
Latest accounts: 30/06/2025
Average workforce: 58,6 ETP

Activities (NACE)

16281Manufacture of products of wood, cork, straw and plaiting materials· main 16291Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials 35140Trade of electricity 35150Electric power generation, transmission and distribution 40400Production et distribution de plusieurs sortes d'énergie 35110Production of electricity+3

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 18 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	57,6 M €	-0.5%	57,8 M €	-4.4%	60,5 M €	+12.7%	53,7 M €	+55.0%	34,6 M €
EBITDA	12,6 M €	-20.6%	15,9 M €	+134%	6,8 M €	+208%	2,2 M €	-39.6%	3,6 M €
Operating result	10,6 M €	-6.5%	11,4 M €	+534%	1,8 M €	+416%	-567,9 k €	-146%	1,2 M €
Net result	8,2 M €	-1.6%	8,4 M €	+397%	1,7 M €	+348%	-679,2 k €	-158%	1,2 M €
Balance sheet
Equity	29 M €	+39.6%	20,8 M €	+9.9%	18,9 M €	+9.7%	17,2 M €	-3.8%	17,9 M €
Total assets	86,7 M €	+5.5%	82,1 M €	+83.2%	44,8 M €	-9.7%	49,7 M €	+17.3%	42,3 M €
Cash	469,1 €	-21.7%	599,4 €	-21.7%	765,9 €	-99.9%	1,3 M €	+227%	382,8 k €
Debts	56,3 M €	-1.8%	57,4 M €	+144%	23,5 M €	-27.5%	32,4 M €	+32.8%	24,4 M €
Other
Workforce	58,6 ETP	+1.6%	57,7 ETP	+8.5%	53,2 ETP	+16.9%	45,5 ETP	+2.2%	44,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

1 active · 28 ended

Active mandates

Piet Fruytier

Director · since 12 avril 2020

Active

Ended mandates

Piet Fruytier

Director · since 04 décembre 2020

Ended

FRUYTIER FINANCE ET TRADING

Managing director · since 31 mars 2014 · until 09 juin 2020 · 0442.708.295

Represented by Piet Fruytier

Ended

FRUYTIER FINANCE ET TRADING

Managing director · since 31 mars 2014 · until 09 juin 2020 · 0442.708.295

Represented by Piet Fruytier

Ended

Ivette Manne

Director · since 31 mars 2014 · until 09 juin 2020

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/12/2025	28/01/2025	14/12/2023	13/12/2022	14/12/2021	10/12/2020
General meeting	09/12/2025	13/01/2025	12/12/2023	13/12/2022	14/12/2021	08/12/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 18 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	09/12/2025	11/12/2025	French	PDF
Full model	30/06/2024	13/01/2025	28/01/2025	French	PDF
Full model	30/06/2023	12/12/2023	14/12/2023	French	PDF
Full model	30/06/2022	13/12/2022	13/12/2022	French	PDF
Full model	30/06/2021	14/12/2021	14/12/2021	French	PDF
Full model	30/06/2020	08/12/2020	10/12/2020	French	PDF
Full model	30/06/2019	10/12/2019	11/12/2019	French	PDF
Full model	30/06/2018	11/12/2018	17/12/2018	French	PDF
Full model	31/12/2016	13/06/2017	26/06/2017	French	PDF
Full model	31/12/2015	14/06/2016	15/06/2016	French	PDF
Full model	31/12/2014	25/08/2015	25/08/2015	French	PDF
Full model	31/12/2013	31/10/2014	31/10/2014	French	PDF
Full model	31/12/2012	11/06/2013	16/07/2013	French	PDF
Full model	31/12/2011	12/06/2012	13/06/2012	French	PDF
Full model	31/12/2010	14/06/2011	29/06/2011	French	PDF
Full model	31/12/2009	08/06/2010	18/06/2010	French	PDF
Full model	30/06/2008	02/12/2008	24/12/2008	French	PDF
Abridged model	30/06/2007	04/12/2007	27/12/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 30/06/2025

1 active · 28 ended

Active mandates

Piet Fruytier

Director · since 12 avril 2020

Active

Ended mandates

Piet Fruytier

Director · since 04 décembre 2020

Ended

FRUYTIER FINANCE ET TRADING

Managing director · since 31 mars 2014 · until 09 juin 2020 · 0442.708.295

Represented by Piet Fruytier

Ended

FRUYTIER FINANCE ET TRADING

Managing director · since 31 mars 2014 · until 09 juin 2020 · 0442.708.295

Represented by Piet Fruytier

Ended

Ivette Manne

Director · since 31 mars 2014 · until 09 juin 2020

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates06/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates08/04/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates03/02/2021
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates25/01/2019
DEMISSIONS, NOMINATIONS
PDF
Restructuring25/10/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other12/09/2017
ANNEE COMPTABLE
PDF
Restructuring21/06/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 20258,2 M €↓
10/12/2024
nominationErnst & Young — commissaire
2024
Annual accounts 20248,4 M €↑
2024
Name changeERDA SA
2023
Annual accounts 20231,7 M €↑
2022
Annual accounts 2022-679,2 k €↓
2022
Name changeE.R.D.A.
2021
Annual accounts 20211,2 M €↑
2020
Annual accounts 2020853,1 k €↓
2019
Annual accounts 20192,4 M €↓
2018
Annual accounts 20184,2 M €↑
2016
Annual accounts 2016572,4 k €↓
2015
Annual accounts 20151,9 M €↓
2014
Annual accounts 20148,1 M €↑
2013
Annual accounts 2013-337,9 k €↑
2012
Annual accounts 2012-893,1 k €↓
2011
Annual accounts 2011169,9 k €↓
2010
Annual accounts 2010544,6 k €↑
2009
Annual accounts 2009-845,5 k €
03/06/2005
IncorporationPublic limited company

ENERGIES RENOUVELABLES DES ARDENNES

Overview

Identity

Financials

Valuation

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

Timeline