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 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARDESA from Menen, company number BE0810924849, closed financial year 2025 with a result of € 3.9 million after tax. For that financial year ARDESA recorded a gross margin of € 5.6 million and equity of € 8.4 million. Compared with financial year 2024, the result moved from € 492,498 to € 3.9 million. 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 13, 2026.
€ 8.4 million
▲ 87% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.9 million
▲ € 3.4 million vs 2024
Profit after tax over the fiscal year.
€ 5,559
▼ 65% 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 € 8.3 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,195
▲ € 1,749 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 453,063
▲ € 406,812 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 336,041 | € 338,517 | € 348,746 | € 5,635,684 | ▲ € 5.3 million |
| Profit after taxes | € 314,819 | € 276,836 | € 492,498 | € 3,892,937 | ▲ € 3.4 million |
| Equity | € 3,696,552 | € 3,973,388 | € 4,465,886 | € 8,358,823 | ▲ 87% |
| Total debts | € 2,553 | € 6,560 | € 365,588 | € 457,249 | ▲ 25% |
| Cash | € 65,408 | € 8,166 | € 15,801 | € 5,559 | ▼ 65% |
| Land & buildings | € 768,858 | € 764,507 | € 760,156 | € 284,336 | ▼ 63% |
| Retained profit | € 3,631,552 | € 3,908,388 | € 4,400,886 | € 8,293,823 | ▲ 88% |
| Balance sheet total | € 3,699,105 | € 3,979,948 | € 4,831,474 | € 8,816,072 | ▲ 82% |
Key figures of ARDESA, 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 ARDESA?
What happened at ARDESA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Delphine Dewulf stepped down as director. NBB
- Emmanuel Dewulf stepped down as director. NBB
- Xavier Dewulf stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.9 million (▲ € 3.4 million vs 2024). Source: NBB ↗
- New establishment in Menen. KBO
- Start of the company according to the CBE. KBO
In short
From € 314,819 profit in 2022 to € 3.9 million profit in 2025.
Paid € 2.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 3.9 million profit.
Management
Directors
According to the 2025 annual accounts
· until 2029
· until 2029
Xavier Dewulf
Director
Also active at: GREEN HILL COMPANY, ENoRa, Premier Development Fund, PDF INVEST, PDF LAND, PDF CONSTRUCT, PARKZICHT CONSTRUCT, UpCo +7 more
· until 2029
Establishments
Establishment units
Physical locations of this company
Koningin Astridlaan 58
8930 Menen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0810.924.849
- VAT number
- BE 0810.924.849
- Registered office
- Koningin Astridlaan 58, 8930 Menen
- Names & denominations
- ARDESA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 2009
- Peppol
- Active · Active since 20 Jan 2026