ACTIVE

ARD'ELEC

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Financial year 2025 · closed on 31/12/2025

Net result

-130,8 k €

-298.3% YoY

Gross margin

682,6 k €

-13.4% YoY

Equity

664,4 k €

-16.5% YoY

Workforce

13,3 ETP

+3.9% YoY

What does ARD'ELEC do?

ARD'ELEC is a Public limited company incorporated in 2007. Its registered office is in Libramont-Chevigny. It employs on average 13,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0888.094.287

Incorporation

20/03/2007

Legal form

Public limited company

Registered office

Libramont,Rue Fonteny Maroy 47
6800 Libramont-Chevigny · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

13,3 ETP

Joint committees (4)

149
14901
200
218

Signals

Good liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	682,6 k €	-13.4%	788,2 k €	-32.8%	1,2 M €	+21.7%	963 k €	+45.8%	660,7 k €	+29.6%	509,7 k €	-4.0%	530,7 k €	+8.0%	491,2 k €	-5.4%	519 k €	+16.1%	447,1 k €		–		–		–		–		–		102,8 k €	-27.4%	141,6 k €	-4.5%	148,3 k €
EBITDA	-91,8 k €	-419%	28,8 k €	-93.0%	413,6 k €	-2.6%	424,5 k €	+80.4%	235,4 k €	+188%	81,8 k €	+21.7%	67,2 k €	-5.4%	71,1 k €	-26.4%	96,5 k €	+6.4%	90,7 k €	+548%	-20,2 k €	-160%	33,6 k €	-50.5%	67,7 k €	-46.3%	126,2 k €	+163%	47,9 k €	+7558%	-642,8 €	-101%	44,5 k €	+3.5%	43,1 k €
Operating result	-106,6 k €	-5197%	2,1 k €	-99.5%	391,9 k €	+0.5%	389,9 k €	+114%	182,5 k €	+196%	61,7 k €	+36.2%	45,3 k €	-19.4%	56,2 k €	-19.7%	70 k €	+8.5%	64,5 k €	+953%	6,1 k €	-48.9%	12 k €	-46.1%	22,3 k €	-79.2%	106,9 k €	+311%	26 k €	+220%	-21,7 k €	-194%	23,1 k €	+11.6%	20,7 k €
Net result	-130,8 k €	-298%	-32,8 k €	-112%	264,2 k €	-2.9%	272 k €	+131%	117,9 k €	+261%	32,7 k €	+125%	14,5 k €	-45.9%	26,8 k €	-16.3%	32,1 k €	+5.2%	30,5 k €	+4709%	-661,1 €	-145%	1,5 k €	-73.7%	5,6 k €	-91.8%	67,8 k €	+475%	11,8 k €	+130%	-39,1 k €	-1008%	4,3 k €	+14.9%	3,7 k €
Balance sheet
Equity	664,4 k €	-16.5%	795,2 k €	-4.0%	828,1 k €	+39.7%	592,9 k €	+59.9%	370,9 k €	+46.6%	253 k €	+14.8%	220,3 k €	+7.1%	205,8 k €	+15.0%	178,9 k €	+21.8%	146,9 k €	+26.2%	116,4 k €	-0.6%	117,1 k €	+1.3%	115,6 k €	+5.1%	110 k €	+161%	42,2 k €	+38.8%	30,4 k €	-56.2%	69,6 k €	+6.6%	65,2 k €
Total assets	2,3 M €	-11.5%	2,6 M €	+7.7%	2,4 M €	-21.5%	3 M €	+62.9%	1,9 M €	-2.4%	1,9 M €	-0.3%	1,9 M €	-0.4%	1,9 M €	-4.5%	2 M €	+16.3%	1,7 M €	+8.6%	1,6 M €	+24.2%	1,3 M €	+16.4%	1,1 M €	-16.0%	1,3 M €	+7.6%	1,2 M €	+16.7%	1 M €	+9.1%	952,9 k €	+41.9%	671,7 k €
Cash	152,2 k €	-64.2%	425,2 k €	+95.7%	217,3 k €	-59.5%	535,8 k €	+485%	91,6 k €	-81.1%	483,7 k €	+30.1%	371,9 k €	+70.8%	217,7 k €	+65.9%	131,2 k €	+28.4%	102,1 k €	-22.6%	132 k €	-9.6%	146 k €	+73.9%	84 k €	-54.2%	183,4 k €	+92.3%	95,4 k €	+219%	29,9 k €	+43.6%	20,8 k €	-34.3%	31,7 k €
Debts	1,6 M €	-9.3%	1,8 M €	+14.1%	1,5 M €	-36.5%	2,4 M €	+63.5%	1,5 M €	-9.4%	1,6 M €	-2.3%	1,7 M €	-1.3%	1,7 M €	-5.8%	1,8 M €	+16.9%	1,5 M €	+6.1%	1,5 M €	+28.9%	1,1 M €	+20.9%	931,7 k €	-18.4%	1,1 M €	-2.4%	1,2 M €	+15.9%	1 M €	+14.3%	883,1 k €	+45.6%	606,4 k €
Other
Workforce	13,3 ETP	+3.9%	12,8 ETP	+0.8%	12,7 ETP	+25.7%	10,1 ETP	+8.6%	9,3 ETP	+5.7%	8,8 ETP	-4.3%	9,2 ETP	+7.0%	8,6 ETP	+7.5%	8,0 ETP	+9.6%	7,3 ETP	+32.7%	5,5 ETP	+34.1%	4,1 ETP	-16.3%	4,9 ETP	+19.5%	4,1 ETP	+2.5%	4,0 ETP	+53.8%	2,6 ETP	0.0%	2,6 ETP	0.0%	2,6 ETP

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 · 14 ended

Active mandates

AG-SOLUTIO

Director · since 05 décembre 2024 · 1015.895.648

Represented by Albert GERON

Active

KURT COLIN CONSULTING BV

Director · since 05 décembre 2024 · 0766.919.216

Represented by Kurt COLIN

Active

Ended mandates

KURT COLIN CONSULTING BV

Director · since 05 décembre 2024 · 0766.919.216

Represented by Kurt COLIN

Ended

E.M.G.E.

Director · since 22 novembre 2023 · 0866.135.863

Represented by Marc GERON

Ended

E.M.G.E.

Managing director · since 22 décembre 2010 · until 15 mars 2013 · 0866.135.863

Represented by MARC GERON

Ended

E.M.G.E.

Managing director · since 22 décembre 2010 · until 15 mars 2019 · 0866.135.863

Represented by MARC GERON

Ended

At this address

Other companies at this address

Company	CBE no.
ETABLISSEMENTS RAYMOND GERARD - DUPONT● Liquidation	0424.926.514
Fonteni - Maroye● Active	0425.542.760

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	27/06/2026	30/06/2025	01/07/2024	23/06/2023	20/06/2022	19/06/2021
General meeting	27/06/2026	28/06/2025	29/06/2024	16/06/2023	17/06/2022	18/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/06/2026	27/06/2026	French	PDF
Abridged model	31/12/2024	28/06/2025	30/06/2025	French	PDF
Abridged model	31/12/2023	29/06/2024	01/07/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	23/06/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	20/06/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	19/06/2021	French	PDF
Abridged model	31/12/2019	19/06/2020	19/06/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	08/07/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	18/06/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	16/06/2017	French	PDF
Full model	31/12/2015	17/06/2016	17/06/2016	French	PDF
Full model	31/12/2014	27/06/2015	01/07/2015	French	PDF
Full model	31/12/2013	28/06/2014	11/07/2014	French	PDF
Full model	31/12/2012	29/06/2013	07/08/2013	French	PDF
Full model	31/12/2011	30/06/2012	05/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	16/08/2011	French	PDF
Abridged model	31/12/2009	16/07/2010	16/08/2010	French	PDF
Abridged model	31/12/2008	27/06/2009	29/07/2009	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 · 14 ended

Active mandates

AG-SOLUTIO

Director · since 05 décembre 2024 · 1015.895.648

Represented by Albert GERON

Active

KURT COLIN CONSULTING BV

Director · since 05 décembre 2024 · 0766.919.216

Represented by Kurt COLIN

Active

Ended mandates

KURT COLIN CONSULTING BV

Director · since 05 décembre 2024 · 0766.919.216

Represented by Kurt COLIN

Ended

E.M.G.E.

Director · since 22 novembre 2023 · 0866.135.863

Represented by Marc GERON

Ended

E.M.G.E.

Managing director · since 22 décembre 2010 · until 15 mars 2013 · 0866.135.863

Represented by MARC GERON

Ended

E.M.G.E.

Managing director · since 22 décembre 2010 · until 15 mars 2019 · 0866.135.863

Represented by MARC GERON

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates27/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates28/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates28/10/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates29/07/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates26/01/2011
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates13/10/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates21/09/2009
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 2025-130,8 k €↓
2024
Annual accounts 2024-32,8 k €↓
2023
Annual accounts 2023264,2 k €↓
2022
Annual accounts 2022272 k €↑
2021
Annual accounts 2021117,9 k €↑
2021
Name changeARDELEC
2020
Annual accounts 202032,7 k €↑
2019
Annual accounts 201914,5 k €↓
2018
Annual accounts 201826,8 k €↓
2017
Annual accounts 201732,1 k €↑
2016
Annual accounts 201630,5 k €↑
2015
Annual accounts 2015-661,1 €↓
2014
Annual accounts 20141,5 k €↓
2013
Annual accounts 20135,6 k €↓
2012
Annual accounts 201267,8 k €↑
2011
Annual accounts 201111,8 k €↑
2010
Annual accounts 2010-39,1 k €↓
2009
Annual accounts 20094,3 k €↑
2008
Annual accounts 20083,7 k €
2008
Name changeARD'ELEC
20/03/2007
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

ARD'ELEC

Overview

What does ARD'ELEC do?

Trend over 18 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