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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
ARDENNE-CONCEPT from Verviers, company number BE0860588948, closed financial year 2025 with a result of € -50,125 after tax. For that financial year ARDENNE-CONCEPT recorded a gross margin of € 364,881 and equity of € -31,363. Compared with financial year 2024, the result moved from € -194,330 to € -50,125. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 4, 2026.
€ -31,363
▼ € 51,949 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -50,125
▲ 74 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,390
▼ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -452,481.
People and assets in 2025
€ 335,286
▼ 2% 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.
€ 389
▼ 62% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 275,000
Loans from banks and other lenders, long and short.
€ 112,599
▲ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,184
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 273,865 | € 314,687 | € 235,675 | € 364,881 | ▲ 55% |
| Profit after taxes | € -61,088 | € -77,191 | € -194,330 | € -50,125 | ▲ € 144,204 |
| Equity | € 295,753 | € 216,738 | € 20,585 | € -31,363 | ▼ € 51,949 |
| Total debts | € 322,951 | € 403,030 | € 450,439 | € 421,017 | ▼ 7% |
| Cash | € 103,773 | € 60,870 | € 4,709 | € 3,390 | ▼ 28% |
| Land & buildings | € 291,286 | € 244,654 | € 213,274 | € 176,281 | ▼ 17% |
| Retained profit | € -130,835 | € -208,026 | € -402,356 | € -452,481 | ▼ € 50,125 |
| Bank debt | € 275,000 | € 275,000 | € 275,000 | € 275,000 | |
| Balance sheet total | € 618,704 | € 619,769 | € 471,024 | € 389,653 | ▼ 17% |
Key figures of ARDENNE-CONCEPT, 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-CONCEPT?
What happened at ARDENNE-CONCEPT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Geneviève DALE stepped down as director. NBB
- CP MANAGEMENT SNC stepped down as director. NBB
- Claude PAQUAY stepped down as director. NBB
- Michel VAN DER VEKEN stepped down as director. NBB
- Sarah PAQUAY stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 50,125. filed late Source: NBB ↗
- Michel VAN DER VEKEN became a director. NBB
- Sarah PAQUAY became a director. NBB
In short
From € 61,088 loss in 2022 to € 50,125 loss in 2025.
Management
The stake of CP MANAGEMENT, PAQUAY ET ASSOCIES, PAQUAY IMMO & INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARDENNE-CONCEPTThe shares are held by CP MANAGEMENT (50%), PAQUAY ET ASSOCIES (0.5%) and PAQUAY IMMO & INVEST (0%).
Directors
According to the 2025 annual accounts
Michel VAN DER VEKEN
Director
since 2026 · until 2028
Geneviève DALE
Director
since 2022 · until 2028
since 2022 · until 2028
Claude PAQUAY
Managing director
since 2022 · until 2028
Sarah PAQUAY
Director
since 2026 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Grétry 9
4800 Verviers
Rue du Vieux-Marché 1
6690 Vielsalm
Active since 11 September 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0860.588.948
- VAT number
- BE 0860.588.948
- Registered office
- Rue Grétry 9, 4800 Verviers
- Names & denominations
- ARDENNE-CONCEPT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 2003
- Peppol
- Active · Active since 3 Sept 2025
- Activities · NACE
Hotels en motels, zonder restaurant
Hotels en dergelijke accommodatie
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