ACTIVE

ARDICODE

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Financial year 2025 · closed on 31/12/2025

Net result

5,4 k €

-53.7% YoY

Gross margin

44,3 k €

-14.1% YoY

Equity

165,9 k €

+3.4% YoY

What does ARDICODE do?

ARDICODE is a Private limited company incorporated in 2006. Its registered office is in Honnelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.729.170

Incorporation

18/12/2006

Legal form

Private limited company

Registered office

Rue des Fonds(ANG) 1
7387 Honnelles · WallonieSee on map

Contributed capital

20 460,00 €

Latest accounts

31/12/2025

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	44,3 k €	-14.1%	51,6 k €	-12.2%	58,8 k €	+7.1%	54,9 k €	-6.6%	58,8 k €	+8.7%	54,1 k €	+12.5%	48,1 k €	-4.2%	50,2 k €	-2.0%	51,3 k €	+2.6%	50 k €	+0.8%	49,6 k €	-5.0%	52,2 k €	+20.5%	43,3 k €	+0.6%	43 k €	-22.0%	55,2 k €	+24.3%	44,4 k €	+3.0%	43,1 k €	+66205%	65 €	+105%	-1,3 k €
EBITDA	42,6 k €	-14.6%	49,9 k €	-12.5%	57,1 k €	+6.2%	53,8 k €	-6.7%	57,6 k €	+8.8%	53 k €	+12.3%	47,1 k €	-4.0%	49,1 k €	-1.7%	50 k €	+2.4%	48,8 k €	+0.8%	48,4 k €	-4.1%	50,5 k €	+13.6%	44,4 k €	+6.5%	41,7 k €	-17.0%	50,3 k €	+16.4%	43,2 k €	+2.3%	42,2 k €	+1522%	-3 k €	-46.2%	-2 k €
Operating result	10,9 k €	-47.5%	20,8 k €	-30.0%	29,7 k €	-4.8%	31,2 k €	-10.2%	34,8 k €	+23.4%	28,2 k €	+27.1%	22,2 k €	-10.4%	24,7 k €	-4.0%	25,8 k €	-8.5%	28,2 k €	+1.5%	27,8 k €	+0.2%	27,7 k €	+22.6%	22,6 k €	+15.4%	19,6 k €	-29.5%	27,8 k €	+21.9%	22,8 k €	-6.9%	24,5 k €	+211%	-22,1 k €	-618%	-3,1 k €
Net result	5,4 k €	-53.7%	11,7 k €	-34.2%	17,8 k €	-4.8%	18,7 k €	-14.9%	22 k €	+32.7%	16,6 k €	+52.4%	10,9 k €	+2.9%	10,6 k €	+23.6%	8,6 k €	-23.9%	11,3 k €	+540%	1,8 k €	-86.1%	12,7 k €	+61.6%	7,9 k €	+36.1%	5,8 k €	-57.9%	13,7 k €	+12.9%	12,2 k €	-11.2%	13,7 k €	+142%	-32,7 k €	-884%	-3,3 k €
Balance sheet
Equity	165,9 k €	+3.4%	160,4 k €	+7.9%	148,7 k €	+13.6%	130,9 k €	+16.7%	112,1 k €	+24.4%	90,1 k €	+22.6%	73,5 k €	+17.4%	62,6 k €	+20.4%	52 k €	+19.7%	43,5 k €	+34.9%	32,2 k €	+23.2%	26,1 k €	+84.8%	14,1 k €	+25.3%	11,3 k €	+7.3%	10,5 k €	+5155%	-208 €	+98.3%	-12,4 k €	+52.5%	-26,1 k €	-490%	6,7 k €
Total assets	193,1 k €	-4.8%	202,7 k €	+1.2%	200,4 k €	+2.0%	196,5 k €	-6.7%	210,6 k €	+4.7%	201,1 k €	+1.8%	197,6 k €	-8.3%	215,5 k €	-10.3%	240,3 k €	+1.0%	237,9 k €	-7.8%	258,1 k €	-6.8%	276,9 k €	+2.7%	269,7 k €	-13.6%	312,2 k €	-10.9%	350,2 k €	+4.4%	335,6 k €	+4.3%	321,6 k €	+1.2%	317,8 k €	+101%	158,3 k €
Cash	48,9 k €	-16.1%	58,3 k €	+5.7%	55,2 k €	-0.6%	55,5 k €	+17.6%	47,2 k €	+56.6%	30,1 k €	+163%	11,4 k €	+3.2%	11,1 k €	+4.5%	10,6 k €	+141%	4,4 k €	-10.7%	4,9 k €	-75.4%	20 k €	+158%	7,8 k €	-72.2%	27,9 k €	-37.6%	44,7 k €	+61.7%	27,6 k €	+85.6%	14,9 k €	+171%	5,5 k €	-96.2%	144,6 k €
Debts	26,2 k €	-36.6%	41,3 k €	-18.7%	50,8 k €	-21.6%	64,8 k €	-33.6%	97,6 k €	-11.4%	110,1 k €	-10.6%	123,2 k €	-19.0%	152 k €	-18.9%	187,4 k €	-3.2%	193,6 k €	-13.9%	224,9 k €	-10.0%	249,9 k €	-1.9%	254,8 k €	-14.4%	297,7 k €	-11.5%	336,6 k €	+0.4%	335,2 k €	+0.4%	334 k €	-2.7%	343,2 k €	+127%	151,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Arlette CORNEZ

Administrator - manager · since 13 mars 2023

Active

Didier DESOIL

Administrator - manager · since 13 mars 2023

Active

Ended mandates

Arlette CORNEZ

Administrator - manager

Ended

Arlette CORNEZ

Manager

Ended

Didier DESOIL

Administrator - manager

Ended

DIDIER DESOIL

Manager

Ended

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	30/06/2026	11/07/2025	12/08/2024	24/07/2023	01/07/2022	23/07/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	30/06/2026	French	PDF
Micro model	31/12/2024	30/05/2025	11/07/2025	French	PDF
Micro model	31/12/2023	31/05/2024	12/08/2024	French	PDF
Micro model	31/12/2022	26/05/2023	24/07/2023	French	PDF
Micro model	31/12/2021	27/05/2022	01/07/2022	French	PDF
Micro model	31/12/2020	28/05/2021	23/07/2021	French	PDF
Micro model	31/12/2019	29/05/2020	24/07/2020	French	PDF
Micro model	31/12/2018	31/05/2019	23/07/2019	French	PDF
Micro model	31/12/2017	25/05/2018	06/08/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	11/08/2017	French	PDF
Abridged model	31/12/2015	29/05/2016	04/08/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	30/06/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	27/06/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	18/07/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	08/07/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	20/06/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	31/07/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 4 ended

Active mandates

Arlette CORNEZ

Administrator - manager · since 13 mars 2023

Active

Didier DESOIL

Administrator - manager · since 13 mars 2023

Active

Ended mandates

Arlette CORNEZ

Administrator - manager

Ended

Arlette CORNEZ

Manager

Ended

Didier DESOIL

Administrator - manager

Ended

DIDIER DESOIL

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/03/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office05/02/2010
ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Other28/12/2006
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 20255,4 k €↓
2024
Annual accounts 202411,7 k €↓
2023
Annual accounts 202317,8 k €↓
2022
Annual accounts 202218,7 k €↓
2021
Annual accounts 202122 k €↑
2020
Annual accounts 202016,6 k €↑
2019
Annual accounts 201910,9 k €↑
2018
Annual accounts 201810,6 k €↑
2017
Annual accounts 20178,6 k €↓
2016
Annual accounts 201611,3 k €↑
2015
Annual accounts 20151,8 k €↓
2014
Annual accounts 201412,7 k €↑
2013
Annual accounts 20137,9 k €↑
2012
Annual accounts 20125,8 k €↓
2011
Annual accounts 201113,7 k €↑
2010
Annual accounts 201012,2 k €↓
2009
Annual accounts 200913,7 k €↑
2008
Annual accounts 2008-32,7 k €↓
2007
Annual accounts 2007-3,3 k €
18/12/2006
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

ARDICODE

Overview

What does ARDICODE 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