Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARDENNES from Lierneux, company number BE0463358706, closed financial year 2025 with a result of € 9,256 after tax. For that financial year ARDENNES recorded a gross margin of € 372,925 and equity of € 465,528. Compared with financial year 2024, the result moved from € 6,096 to € 9,256. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 465,528
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,256
▲ 52% vs 2024
Profit after tax over the fiscal year.
€ 16,124
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 213,953.
People and assets in 2025
€ 161,633
▲ 20% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 31,209
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 300,442
▼ 18% vs 2024
€ 64,533 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 42,038
▲ 194% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,953
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 312,573 | € 341,263 | € 345,916 | € 372,925 | ▲ 8% |
| Profit after taxes | € 30,800 | € 5,463 | € 6,096 | € 9,256 | ▲ 52% |
| Equity | € 454,535 | € 455,771 | € 457,847 | € 465,528 | ▲ 2% |
| Total debts | € 419,047 | € 518,015 | € 433,394 | € 382,081 | ▼ 12% |
| Cash | € 17,411 | € 1,815 | € 17,963 | € 16,124 | ▼ 10% |
| Land & buildings | € 182,820 | € 373,999 | € 345,448 | € 278,913 | ▼ 19% |
| Retained profit | € 193,138 | € 198,601 | € 204,697 | € 213,953 | ▲ 5% |
| Bank debt | € 308,657 | € 468,923 | € 365,679 | € 300,442 | ▼ 18% |
| Balance sheet total | € 873,581 | € 973,786 | € 891,241 | € 847,609 | ▼ 5% |
| Employees (FTE) | 3.3 | 3.6 | - | - |
Key figures of ARDENNES, 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 ARDENNES?
What happened at ARDENNES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Maurice CELIS stepped down as director. NBB
- LUXEMBOURG DVELOPPEMENT stepped down as director. NBB
- Anne-Katrien CELIS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9,256 (▲ 52% vs 2024). Source: NBB ↗
- Maurice CELIS became a director. NBB
- LUXEMBOURG DVELOPPEMENT became a director. NBB
- Anne-Katrien CELIS became a director. NBB
- New establishment in Vielsalm. KBO
In short
From € 30,800 profit in 2022 to € 9,256 profit in 2025.
Paid € 16,715 in corporate taxes since 2022.
Best year ever: 2022, with € 30,800 profit.
On average € 94,800 of value added per employee in 2023.
Management
The stake of LUXEMBOURG DEVELOPPEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARDENNESThe shares are held by LUXEMBOURG DEVELOPPEMENT (20%).
Directors
According to the 2025 annual accounts
Maurice CELIS
Director
since 2023 · until 2029
Director · represented by Florence STASSER
Also active at: Etablissements Guilmin, HABITAT + CONCEPT, Phil'Cuisine, ETABLISSEMENTS GUILMIN, salamander U, DIFFUSION ET MANAGEMENT, LOUPPE MANAGEMENT, TAKE OUT +2 more
since 2023 · until 2029
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Petit-Sart 38 box C
4990 Lierneux
Hulststraat 6
3600 Genk
Active since 19 June 1998
Regné 11 box B
6690 Vielsalm
Active since 15 May 2014
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
OVH Mail
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
Domain
Domain
ardennes-coticule.com
Registered
2000-11-14
Registrar
OVH sas
Expires
2030-11-14
Website info
Features
Security
Network
Details
- Company number
- 0463.358.706
- VAT number
- BE 0463.358.706
- Registered office
- Petit-Sart 38 bus C, 4990 Lierneux
- Names & denominations
- ARDENNES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 May 1998
- Peppol
- Active · Active since 21 Oct 2025
- Activities · NACE
Winning van sier- en bouwsteen
Winning van bouw- en siersteen
Groothandel in overige intermediaire producten, n.e.g.
Groothandel in andere intermediaire producten, neg
Groothandel in andere intermediaire producten, n.e.g.