ADAR TRADE
ActiveADAR TRADE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.56M and a net result of €24k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 64% of 7912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
86
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-2
Solvency98▲+3
Growth52=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 2.02 in 2024), and 41.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
58.4%
Return on assets
0.9%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
7 d early
2024
1 d early
2023
26 d early
2022
6 d early
2021
1 d early
2020
52 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.56M▲ 1.6%
2024 · €1.54M
2020: €521k
2021: €972k
2022: €1.30M
2023: €1.51M
2024: €1.54M
2020 → 2025
Total assets
€2.68M▼ 13.0%
2024 · €3.07M
2020: €2.46M
2021: €2.68M
2022: €3.01M
2023: €3.35M
2024: €3.07M
2020 → 2025
Net result
€24k▼ 23.0%
2024 · €32k
2020: €502k
2021: €452k
2022: €332k
2023: €202k
2024: €32k
2020 → 2025
Working capital
€1.56M▲ 0.8%
2024 · €1.55M
2020: €521k
2021: €976k
2022: €1.30M
2023: €1.51M
2024: €1.55M
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€972k-€1.30M▲ 34.1%€1.51M▲ 15.5%€1.54M▲ 2.1%€1.56M▲ 1.6%
Operating result€638k-€472k▼ 26.0%€292k▼ 38.1%€64k▼ 78.0%€58k▼ 8.9%
Net result€452k-€332k▼ 26.5%€202k▼ 39.0%€32k▼ 84.4%€24k▼ 23.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 9% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.68M
Fixed assets
€848
Current assets
€2.68M
Equity and liabilities €2.68M
Equity
€1.56M▲ 1.6%
Debt
€1.11M▼ 27.5%
The debt ratio falls from 50.0% to 41.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€59k▼
2024 · €64k
Cash flow
€24k▼
2024 · €32k
Solvency
58.4%▲
2024 · 50.0%
Current ratio
2.40▲
2024 · 2.02
Quick ratio
1.66▲
2024 · 1.14
Debt / equity
0.71▼
2024 · 1.00
ROE
1.6%▼
2024 · 2.1%
ROA
0.9%▼
2024 · 1.0%
Interest coverage
3.16▲
2024 · 2.72
Debt
€1.11M▼
2024 · €1.54M
Debt ≤ 1 year
€1.11M▼
2024 · €1.53M
Income taxes
€16k▲
2024 · €9k
Staff costs
€90k▲
2024 · €75k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.07M€2.68M▼
Fixed assets21/28€0€848▲
Tangible fixed assets22/27€0€848▲
Plant, machinery and equipment23€0€848▲
Current assets29/58€3.07M€2.68M▼
Stocks and contracts in progress3€1.34M€823k▼
Stocks30/36€1.34M€823k▼
Amounts receivable within one year40/41€1.72M€1.82M▲
Trade receivables40€1.71M€1.75M▲
Other amounts receivable41€6k€67k▲
Cash at bank and in hand54/58€13k€29k▲
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€3.07M€2.68M▼
Equity10/15€1.54M€1.56M▲
Contributions10/11€19k€19k=
Reserves13€1.52M€1.54M▲
Distributable reserves133€1.52M€1.54M▲
Amounts payable17/49€1.54M€1.11M▼
Amounts payable within one year42/48€1.53M€1.11M▼
Financial debts43€300k€400k▲
Credit institutions430/8€300k€400k▲
Trade debts44€1.08M€562k▼
Suppliers440/4€1.08M€562k▼
Taxes, remuneration and social security45€11k€17k▲
Taxes450/3€1k€6k▲
Remuneration and social security454/9€9k€11k▲
Other amounts payable47/48€135k€135k▲
Accrued charges and deferred income492/3€11k-
Income statement
Code20242025
Remuneration, social security and pensions62€75k€90k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€210€143▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€142k€151k▲
Operating profit (loss)9901€64k€58k▼
Financial income75/76B-€5
Recurring financial income75-€5
Financial charges65/66B€24k€19k▼
Recurring financial charges65€24k€19k▼
Profit (loss) for the period before taxes9903€41k€40k▼
Income taxes67/77€9k€16k▲
Profit (loss) for the period9904€32k€24k▼
Profit (loss) for the period to be appropriated9905€32k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€24k▼
Transfer to equity691/2€32k€24k▼
To other reserves6921€32k€24k▼
Social balance
Average headcount (FTE)90871.92.0▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €24k ▼23%
Net result drops to €24k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.30M ▲34.1%
3 profitable years in a row build equity to €1.30M.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Belgiëlei 1942018 AntwerpenGround area
662 m²
Building footprint
495 m²
Volume, LiDAR
12,354 m³
Parcel 11806F1378/00F002, Flanders · tallest building 28.6 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
ADAR TRADE
since 20192.293.280.235
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1378/00F002 | Flanders | 662 m² | 1 · 495 m² | 28.6 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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PIERRE FABRE SANTE BENELUX
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Of 792 companies in sector 46450 we hold annual accounts for 448. 207 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-2019
Fiscal year end31-12
Activities, NACEBEL
46450Wholesale of perfume and cosmetics
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.