Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2024; threshold 65 %.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
Ardosa Benelux from Gedinne, company number BE0472642297, closed financial year 2024 with a result of € -548,233 after tax. For that financial year Ardosa Benelux recorded a gross margin of € 352,543 and equity of € 1.6 million. Compared with financial year 2023, the result moved from € -181,184 to € -548,233. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 9, 2025.
€ 1.6 million
▼ 26% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -548,233
▼ 203 % more loss than in 2023
Profit after tax over the fiscal year.
€ 15,385
▼ 68% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 783,960.
People and assets in 2024
6.4
▼ 0.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 653,401
▼ 2% vs 2023
€ 102,100 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.
Debts at end 2024
€ 700,000
Loans from banks and other lenders, long and short.
€ 841,130
▼ 8% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 743,096
▲ 122% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 877,766 | € 739,681 | € 670,561 | € 352,543 | ▼ 47% |
| Profit after taxes | € 226,830 | € 51,071 | € -181,184 | € -548,233 | ▼ € 367,049 |
| Equity | € 2,236,955 | € 2,288,025 | € 2,106,841 | € 1,558,608 | ▼ 26% |
| Total debts | € 1,735,421 | € 1,865,801 | € 1,950,397 | € 2,284,225 | ▲ 17% |
| Cash | € 83,913 | € 90,081 | € 48,344 | € 15,385 | ▼ 68% |
| Land & buildings | € 820,177 | € 796,197 | € 772,217 | € 748,237 | ▼ 3% |
| Retained profit | € 1,462,307 | € 1,513,377 | € 1,332,193 | € 783,960 | ▼ 41% |
| Bank debt | € 713,893 | € 706,058 | € 700,000 | € 700,000 | |
| Balance sheet total | € 3,972,375 | € 4,153,826 | € 4,057,238 | € 3,842,833 | ▼ 5% |
| Employees (FTE) | 7 | 7 | 7 | 6.4 | ▼ 0.6 |
Key figures of Ardosa Benelux, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Ardosa Benelux?
What happened at Ardosa Benelux in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Ardosa Benelux is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 548,233. filed late Source: NBB ↗
- New establishment in Gedinne. KBO
- Start of the company according to the CBE. KBO
In short
From € 226,830 profit in 2021 to € 548,233 loss in 2024.
Paid € 25,362 in corporate taxes since 2021.
Best year ever: 2021, with € 226,830 profit.
On average € 55,100 of value added per employee in 2024.
Management
Behind Ardosa Benelux are Antonio Luis Borrajo COSSIO and Miguel-Angel Borrajo COSSIO.
Directors
According to the 2024 annual accounts
Antonio Luis Borrajo COSSIO
Director
Miguel-Angel Borrajo COSSIO
Managing director
Establishments
Establishment units
Physical locations of this company
Station 49
5575 Gedinne
Station 51
5575 Gedinne
Active since 1 December 2000
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
- 0472.642.297
- VAT number
- BE 0472.642.297
- Registered office
- Station 49, 5575 Gedinne
- Names & denominations
- Ardosa Benelux
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 28 August 2000
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2