Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 29.5 to 18.1.
Financials
Financial year 2025
ARDENNE AVENTURES from La Roche-en-Ardenne, company number BE0431388197, closed financial year 2025 with a result of € -169,495 after tax. For that financial year ARDENNE AVENTURES recorded a gross margin of € 693,029 and equity of € 648,932. Compared with financial year 2024, the result moved from € 114,457 to € -169,495. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 648,932
▼ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -169,495
▼ still € 114,457 profit in 2024
Profit after tax over the fiscal year.
€ 219,754
▲ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 642,734.
People and assets in 2025
18.1
▼ 6.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 703,737
▲ 31% vs 2024
€ 38,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 40,446
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.9 million
▲ 95% vs 2024
€ 183,186 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 269,007
▲ 73% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 108,675
▲ 111% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 734,587 | € 837,568 | € 909,400 | € 693,029 | ▼ 24% |
| Profit after taxes | € 136,608 | € 126,791 | € 114,457 | € -169,495 | ▼ € 283,952 |
| Equity | € 580,445 | € 705,636 | € 818,427 | € 648,932 | ▼ 21% |
| Total debts | € 1,142,240 | € 992,743 | € 1,243,472 | € 2,267,895 | ▲ 82% |
| Cash | € 338,787 | € 191,653 | € 178,216 | € 219,754 | ▲ 23% |
| Land & buildings | € 591,913 | € 588,914 | € 826,014 | € 1,471,681 | ▲ 78% |
| Retained profit | € 574,248 | € 699,439 | € 812,229 | € 642,734 | ▼ 21% |
| Dividend | € 1,600 | € 1,600 | € 1,666 | € 0 | ▼ 100% |
| Bank debt | € 780,717 | € 700,168 | € 951,676 | € 1,854,310 | ▲ 95% |
| Balance sheet total | € 1,732,014 | € 1,705,762 | € 2,066,850 | € 2,919,763 | ▲ 41% |
| Employees (FTE) | 20.6 | 29.5 | 24.6 | 18.1 | ▼ 6.5 |
Key figures of ARDENNE AVENTURES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ARDENNE AVENTURES?
What happened at ARDENNE AVENTURES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 169,495 (▼ € 283,952 vs 2024). Source: NBB ↗
- New establishment in La Roche-en-Ardenne. KBO
- New establishment in La Roche-en-Ardenne. KBO
- Manu Goldschmidt became a director. NBB
- Nicolas Caprasse became a director. NBB
- New establishment in La Roche-en-Ardenne. KBO
- New establishment in La Roche-en-Ardenne. KBO
- Start of the company according to the CBE. KBO
In short
From € 136,608 profit in 2022 to € 169,495 loss in 2025.
Paid € 145,178 in corporate taxes since 2022.
Best year ever: 2022, with € 136,608 profit.
On average € 38,300 of value added per employee in 2025.
A new publication or filing at ARDENNE AVENTURES? We notify you, reason included.
Follow ARDENNE AVENTURESDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind ARDENNE AVENTURES are Manu Goldschmidt and Nicolas Caprasse. It owns 99% of GICAP itself.
Directors
According to the 2025 annual accounts
Manu Goldschmidt
Manager
since 2009
Nicolas Caprasse
Manager
since 2009
Establishments
Establishment units
Physical locations of this company
Rue de l'Eglise 35
6980 La Roche-en-Ardenne
Quai de l'Ourthe 1
6980 La Roche-en-Ardenne
Active since 3 September 1987
Place du Bronze 20
6980 La Roche-en-Ardenne
Active since 24 February 2020
Rue de la Gare 4 box 2
6980 La Roche-en-Ardenne
Active since 7 May 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.388.197
- VAT number
- BE 0431.388.197
- Registered office
- Rue de l'Eglise 35, 6980 La Roche-en-Ardenne
- Names & denominations
- ARDENNE AVENTURES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 1987
- Peppol
- Active · Active since 29 Jun 2026
- Activities · NACE
Exploitatie van strandfaciliteiten, fietsen, waterfietsen, pony's en dergelijke
Overige recreatie- en ontspanningsactiviteiten, neg
Overige sportactiviteiten, neg
Cafés en bars
Overige activiteiten i.v.m. de sportbeoefening