Equity
€28,978 from €70,408 in 2017
Equity fell by 59% in 8 years.
ADAR IMMOBILIER
Lifetime
7 annual accounts with figures on one time axispeak €55,270 (2025)
€55,270▲ 17.7%
lowest -€10,515 (2020)
-€9,622▼ €2,422
peak €70,408 (2017)
€28,978▼ 24.9%
€415,160▼ 3.3%
Board2 names since 2024
2 directorsAdar AKDOGAN and 1 other
Documentsfilings and deeds
18-06-202643 days before the deadline
2025abbreviated format
Turnover from €46,940 to €55,270Loss of €9,622Equity from €38,600 to €28,978Cash from €2,670 to €6,497
Key points
from the 2025 annual accountsChecked score
64
Healthy
Financially stronger than 34% of micro companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.3%
01-2025: 5.8%▲ +1.5 percentage points vs 12-2024highest value
02-2025: 5.6%▼ -0.2 percentage points vs 01-2025
03-2025: 5.6%● unchanged vs 02-2025
04-2025: 5.3%▼ -0.3 percentage points vs 03-2025
05-2025: 5.3%● unchanged vs 04-2025
06-2025: 5.2%▼ -0.1 percentage points vs 05-2025
07-2025: 5.2%● unchanged vs 06-2025
08-2025: 5.5%▲ +0.3 percentage points vs 07-2025
09-2025: 5.5%● unchanged vs 08-2025
10-2025: 1.7%▼ -3.8 percentage points vs 09-2025
11-2025: 1.7%● unchanged vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.8%▲ +0.1 percentage points vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.7%▼ -0.1 percentage points vs 02-2026
04-2026: 1.8%▲ +0.1 percentage points vs 03-2026
05-2026: 1.7%▼ -0.1 percentage points vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.2%▼ -0.5 percentage points vs 06-2026lowest value
08-2026: 1.2%● unchanged vs 07-2026lowest value
09-2026: 1.2%● unchanged vs 08-2026lowest value
10-2026: 1.2%● unchanged vs 09-2026lowest value
11-2026: 1.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
2 of the last 3 accounts late
Liquidity: current ratio 0.08, cash €6,497
lowers risk
Size: turnover €55,270, total assets €444,138
No main activity registered
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 20% of them on solvency, 29% on liquidity, 40% on profitability and 48% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 849 companies had the same profile as ADAR IMMOBILIER has now. Each dot stands for 3 companies, two years later.
91.9%
were still trading
3.3%
stopped another way
4.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ADAR IMMOBILIER itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 849 companies, not a prediction for ADAR IMMOBILIER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.08 (0.03 in 2024), below 1. Short-term debt is 19% and cash 1.5% of total assets. 93.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€9,622
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 18-06-2026, 43 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
43 days early
2024
57 days late
2023
422 days late
2022
35 days late
2021
400 days late
2020
765 days late
2017
127 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 252 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 September (4 of the last 5 accounts filed within 343 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0668920908
2 managers resigning, 2 directors reappointed
Resignations: Sukru AKDOGAN (manager) and Adar AKDOGAN (manager) · Reappointments: Sukru AKDOGAN (director) and Adar AKDOGAN (director) · Director discharge: Sukru AKDOGAN · Gazette deed
Strikeout withdrawn
effective 04-09-2023 · KBO administration
Incorporation
published on 12-01-2017 · Gazette deed
Official details
Source: KBO- Status
- Active since 10-01-2017Normal situation
- Activity
- “L’acquisition,la location,la cession,la mise en valeur de tous biens immobiliers nus ou meublés,de tous…” (deed in French)From the articles, 6 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.262.689.9976700 Arlon, since 10-01-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2025
Annual accounts 2025
- €444,138▼ 5.0%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on ADAR IMMOBILIER
ADAR IMMOBILIER has existed since 2017. Turnover grew from €14,756 in 2017 to €55,270 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ADAR IMMOBILIER
- What is the company number of ADAR IMMOBILIER?
- The company number of ADAR IMMOBILIER is 0668.920.908. The VAT number is the same number with BE in front: BE 0668.920.908.
- Where is ADAR IMMOBILIER based?
- The registered office is at Place du Docteur-Hollenfeltz 26, 6700 Arlon.Company details
- What is the legal form of ADAR IMMOBILIER?
- ADAR IMMOBILIER is a private limited company (BV).
- When was ADAR IMMOBILIER founded?
- ADAR IMMOBILIER was founded on 10-01-2017.
- Is ADAR IMMOBILIER still active?
- Yes, ADAR IMMOBILIER is an active enterprise in the KBO register.
- What is the turnover of ADAR IMMOBILIER?
- The turnover of ADAR IMMOBILIER was €55,270 in financial year 2025, according to the filed annual accounts.Financials
- Is ADAR IMMOBILIER profitable?
- In financial year 2025, ADAR IMMOBILIER made a loss of €9,622.
- Where can I find the annual accounts of ADAR IMMOBILIER?
- ADAR IMMOBILIER filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ADAR IMMOBILIER due?
- ADAR IMMOBILIER must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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