ADANOR
ActiveSummary
The computed 12-month bankruptcy probability of ADANOR is 2.0% (moderate). The 2025 annual accounts show equity of €356,480 and a net result of €98,238. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 7097 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+65
Solvency80▼-20
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity short (current ratio 0.63 against 20.08 in 2024; short-term debt: 45.3% and cash: 28.7% of total assets), and 45.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.7%
Return on assets
15.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €356,480
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
3 d early
2024
30 d early
2023
28 d early
2022
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 4 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€356,480▲ 2,592%
2024 · €13,243
Total assets
€652,221▲ 4,580%
2024 · €13,937
Net result
€98,238
2024 · -€1,558
Working capital
-€108,520
2024 · €13,243
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€22,298--€2,238-€1,518▲ 32.2%€138,588
Net result€15,129within the sector's middle half--€2,329below the sector's middle half-€1,558below the sector's middle half▲ 33.1%€98,238above the sector's middle half
Equity€17,129below the sector's middle half-€14,800below the sector's middle half▼ 13.6%€13,243below the sector's middle half▼ 10.5%€356,480above the sector's middle half▲ 2,592%
Total assets€36,943below the sector's middle half-€15,675below the sector's middle half▼ 57.6%€13,937below the sector's middle half▼ 11.1%€652,221above the sector's middle half▲ 4,580%
Debt€19,814-€875▼ 95.6%€694▼ 20.7%€295,741▲ 42,505%
Working capital€17,129within the sector's middle half-€14,800within the sector's middle half▼ 13.6%€13,243within the sector's middle half▼ 10.5%-€108,520below the sector's middle half
Solvency46.4%within the sector's middle half-94.4%above the sector's middle half▲ 48.1pp95.0%above the sector's middle half▲ 0.6pp54.7%within the sector's middle half▼ 40.4pp
Current ratio1.86within the sector's middle half-17.91above the sector's middle half▲ 16.0520.08above the sector's middle half▲ 2.160.63below the sector's middle half▼ 19.44
Return on assets (ROA)41.0%above the sector's middle half--14.9%below the sector's middle half▼ 55.8pp-11.2%below the sector's middle half▲ 3.7pp15.1%within the sector's middle half▲ 26.2pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €138,588 after a loss of €1,518 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €652,221
Fixed assets
€465,000
Current assets
€187,221
Equity and liabilities €652,221
Equity
€356,480 ▲ 2,592%
Debt
€295,741 ▲ 42,505%
Debt's share of the balance-sheet total rises from 5.0% to 45.3%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.83▲
2024 · 0.05
ROE
27.6%▲
2024 · -11.8%
Debt ≤ 1 year
€295,741▲
2024 · €694
Income taxes
€37,382
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | €418 | €560 | €40 | €1,136 | ▲ 2,739% |
| Gross operating margin9900 | €22,715 | -€1,678 | -€1,478 | €139,724 | ▲ 9,556% |
| Operating profit (loss)9901 | €22,298 | -€2,238 | -€1,518 | €138,588 | ▲ 9,232% |
| Financial charges65/66B | €324 | €91 | €40 | €2,969 | ▲ 7,321% |
| Recurring financial charges65 | €324 | €91 | €40 | €2,969 | ▲ 7,321% |
| Profit (loss) for the period before taxes9903 | €21,974 | -€2,329 | -€1,558 | €135,619 | ▲ 8,807% |
| Income taxes67/77 | €6,844 | €0 | - | €37,382 | - |
| Profit (loss) for the period9904 | €15,129 | -€2,329 | -€1,558 | €98,238 | ▲ 6,407% |
| Profit (loss) for the period to be appropriated9905 | €15,129 | -€2,329 | -€1,558 | €98,238 | ▲ 6,407% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €36,943 | €15,675 | €13,937 | €652,221 | ▲ 4,580% |
| Fixed assets21/28 | - | - | - | €465,000 | - |
| Financial fixed assets28 | - | - | - | €465,000 | - |
| Current assets29/58 | €36,943 | €15,675 | €13,937 | €187,221 | ▲ 1,243% |
| Amounts receivable within one year40/41 | €10,655 | €302 | €335 | €249 | ▼ 25.6% |
| Trade receivables40 | €10,570 | €0 | €280 | €249 | ▼ 11.1% |
| Other amounts receivable41 | €85 | €302 | €55 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €26,288 | €15,373 | €13,602 | €186,972 | ▲ 1,275% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €36,943 | €15,675 | €13,937 | €652,221 | ▲ 4,580% |
| Equity10/15 | €17,129 | €14,800 | €13,243 | €356,480 | ▲ 2,592% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €247,000 | ▲ 12,250% |
| Reserves13 | €15,129 | €15,129 | €15,129 | €109,480 | ▲ 624% |
| Distributable reserves133 | €15,129 | €15,129 | €15,129 | €109,480 | ▲ 624% |
| Profit (loss) carried forward14 | - | -€2,329 | -€3,887 | €0 | ▲ 100% |
| Amounts payable17/49 | €19,814 | €875 | €694 | €295,741 | ▲ 42,505% |
| Amounts payable within one year42/48 | €19,814 | €875 | €694 | €295,741 | ▲ 42,505% |
| Trade debts44 | €870 | €875 | €339 | €640 | ▲ 89.0% |
| Suppliers440/4 | €870 | €875 | €339 | €640 | ▲ 89.0% |
| Advances received on contracts in progress46 | €12,100 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €6,844 | €0 | - | €67,749 | - |
| Taxes450/3 | €6,844 | €0 | - | €67,749 | - |
| Other amounts payable47/48 | - | - | €355 | €227,352 | ▲ 63,881% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,129 | -€2,329 | -€1,558 | €98,238 | ▲ 6,407% |
| Operating cash flow (approximation) | €15,129 | -€2,329 | -€1,558 | €98,238 | ▲ 6,407% |
| Change in cash | - | -€10,915 | -€1,771 | €173,370 | ▲ 9,887% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €98,238
Net result €98,238 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €356,480 ▲2,592%
Equity rises from €13,243 to €356,480.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€2,329
Net result drops to -€2,329, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 10current ratio 17.91
Current ratio from 1.86 to 17.91; short-term debt falls from €19,814 to €875.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2022
Ground area
293 m²
Building footprint
148 m²
Volume, LiDAR
1,344 m³
Parcel 21363B0315/00E008, Brussels · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Adanor
since 20222.326.358.720
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0315/00E008 | Brussels | 293 m² | 1 · 148 m² | 14.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
15%
According to the 2025 annual accounts of ADANOR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 4,637 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Contact
E-mail
ludovic.battard@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779747663
Also
9925:BE0779747663
Registered
13-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.