ADECOR

Active Private limited companyfounded 1990active for 36 yearsChaussée de Gilly 227, 6220 FleurusKBO/BCE: BE 0440.845.895 subsidiary of SP INTERIEUR DESIGN

ADECOR

Financial year 2025

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Annual accounts 2025

full format, filed on 04-06-2026, 57 days before the deadline

€360,408

▼ 9.8%

€6,933

▲ €13,237

€68,195

▲ 25.5%

€68,243

▲ 10.8%

22.6%

▼ 2.4 percentage points

0.96

▲ 0.00

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.9m. Estimated: probably between €1.2m and €2.9m.

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.1m on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

22.6%

Higher than 34% of 5,069 companies in 2025.

0.96

Higher than 23% of 4,995 companies in 2025.

0.6%

Higher than 34% of 5,038 companies in 2025.

ADECOR Middle half of the sector 80% of the sector Full accounts in retail trade (NACE 47)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half

Staff

€48,603

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 2 people joined and 1 left. Training hours in 2025: 654.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	1.1m	1.1m	1.2m	1.1m	1.3m	1.2m	1.2m	1.2m	1.3m	1.3m	1.3m	1.4m	1.4m	1.2m	1.3m	1.2m	426,438	464,524	518,566	538,092
`21/28`	495,572	547,561	504,460	465,065	377,693	402,962	459,684	534,162	597,594	611,425	660,620	736,108	770,734	757,898	712,563	703,578	192,087	184,723	206,046	220,897
`22/27`	495,522	547,511	504,410	465,015	377,644	402,912	459,634	534,112	597,544	611,375	660,570	736,058	770,684	757,848	712,513	703,528	192,037	184,673	205,996	220,847
`22`	386,159	417,836	334,747	356,458	354,822	378,600	424,586	477,488	531,844	574,685	597,966	637,597	681,609	695,370	692,304	683,449	163,020	171,121	175,386	170,499
`23`	2,367	5,217	7,031	-	-	-	-	-	-	-	495	991	1,783	2,575	-	211	421	-	436	873
`24`	32,818	59,553	88,669	108,557	22,821	24,312	35,048	56,624	61,609	28,507	62,109	97,470	87,292	59,903	20,209	19,868	28,596	13,552	30,174	49,475
`26`	74,178	64,905	73,963	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50
`29/58`	590,267	528,147	659,112	640,406	885,375	772,701	766,141	707,359	685,210	697,790	679,598	674,337	592,777	478,506	632,737	513,742	234,351	279,801	312,520	317,195
`3`	148,925	108,838	101,494	166,377	170,789	167,605	160,096	139,414	91,146	92,754	85,370	100,474	95,448	81,273	108,312	63,536	54,560	65,460	62,579	46,059
`30/36`	148,925	108,838	101,494	166,377	170,789	167,605	160,096	139,414	91,146	92,754	85,370	100,474	95,448	81,273	108,312	63,536	54,560	65,460	62,579	46,059
`40/41`	98,428	92,404	288,459	77,108	125,212	112,394	120,050	136,170	170,049	86,424	122,807	184,380	196,875	63,430	211,053	83,300	25,587	86,786	78,858	45,960
`40`	98,428	88,404	180,792	77,108	125,212	105,112	93,701	43,016	62,092	86,424	22,807	80,245	87,499	63,334	205,456	72,385	25,587	86,786	78,858	45,960
`41`	0	4,000	107,667	-	-	7,282	26,349	93,154	107,957	-	100,000	104,135	109,376	96	5,597	10,915	-	-	-	-
`54/58`	336,890	321,295	259,182	373,248	559,674	455,633	442,390	380,253	364,073	447,259	392,854	300,727	200,882	222,621	192,079	233,159	150,806	121,552	163,464	215,197
`490/1`	6,024	5,610	9,976	23,674	29,700	37,069	43,605	51,522	59,942	71,353	78,567	88,756	99,572	111,182	121,293	133,747	3,398	6,003	7,619	9,979
Balance sheet: equity and liabilities
`10/49`	1.1m	1.1m	1.2m	1.1m	1.3m	1.2m	1.2m	1.2m	1.3m	1.3m	1.3m	1.4m	1.4m	1.2m	1.3m	1.2m	426,438	464,524	518,566	538,092
`10/15`	245,746	268,765	397,835	392,278	380,629	386,281	391,891	385,371	369,447	352,164	411,810	415,547	420,769	404,497	411,180	222,232	221,826	218,264	202,523	176,876
`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`13`	227,154	250,173	367,744	373,686	362,037	367,689	373,299	366,779	350,855	333,572	393,218	396,955	402,177	385,905	392,588	203,640	203,234	199,672	183,931	158,284
`130/1`	1,859	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
`1311`	1,859	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	131,159	137,101	143,043	148,985	154,927	160,869	166,811	172,753	172,304	178,246	184,188	190,130	196,072	202,014	207,956	35,638	35,638	35,638	35,638	25,138
`133`	94,136	111,213	222,841	222,841	205,250	204,960	204,628	192,167	176,692	153,467	207,171	204,966	204,246	182,032	182,773	166,143	165,737	162,175	146,434	131,287
`14`	0	0	11,499	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`16`	45,895	48,955	72,304	75,363	101,504	102,062	105,780	107,533	112,299	114,210	95,941	106,361	117,884	98,384	99,150	12,556	10,240	19,301	25,594	11,242
`160/5`	-	0	20,289	20,289	43,370	40,868	41,527	40,220	41,926	40,778	19,450	26,810	35,273	12,713	10,419	12,556	10,240	19,301	25,594	11,242
`162`	-	-	-	-	20,000	20,000	20,000	20,000	41,926	40,778	-	-	-	-	-	-	-	-	-	-
`164/5`	-	0	20,289	20,289	23,370	20,868	21,527	20,220	-	-	-	-	-	-	-	-	-	-	-	-
`168`	45,895	48,955	52,015	55,074	58,134	61,194	64,253	67,313	70,373	73,432	76,491	79,551	82,611	85,671	88,731	-	-	-	-	-
`17/49`	794,198	757,987	693,433	637,830	780,936	687,320	728,153	748,616	801,058	842,841	832,467	888,537	824,858	733,523	834,970	982,532	194,372	226,959	290,449	349,974
`17`	176,461	202,474	129,235	166,998	191,142	215,286	242,609	274,382	307,237	317,093	340,778	371,283	401,788	433,434	440,350	471,411	27,001	14,787	30,212	56,533
`170/4`	176,461	202,474	129,235	166,998	191,142	215,286	242,609	274,382	307,237	317,093	340,778	371,283	401,788	433,434	440,350	471,411	27,001	14,787	30,212	56,533
`42/48`	617,737	555,513	564,198	470,832	589,794	472,034	485,544	474,235	493,821	525,748	491,689	517,254	423,070	300,089	394,620	511,121	167,371	212,172	260,237	293,441
`42`	26,014	25,118	19,391	24,144	46,294	27,323	31,773	32,855	35,558	32,457	30,505	30,505	31,646	37,130	131,062	257,875	16,297	15,426	26,320	27,396
`44`	127,015	173,619	152,349	52,239	46,258	29,377	55,355	108,587	43,014	70,057	75,783	97,463	115,938	51,354	103,396	103,181	27,507	67,053	113,306	106,958
`440/4`	127,015	173,619	152,349	52,239	46,258	29,377	55,355	108,587	43,014	70,057	75,783	97,463	115,938	51,354	103,396	103,181	27,507	67,053	113,306	106,958
`46`	320,948	254,975	322,672	345,811	373,174	344,967	339,472	309,267	339,703	290,017	278,790	305,280	256,346	192,726	141,956	137,776	112,245	105,908	90,441	141,945
`45`	69,511	71,801	69,787	48,638	45,067	28,938	23,230	23,525	25,546	53,217	38,118	24,006	19,140	18,879	17,692	12,289	11,322	18,785	30,151	17,142
`450/3`	33,042	37,349	26,262	17,563	11,627	11,263	4,143	-	1,569	21,993	14,019	1,490	-	2,644	3,782	-	1,177	7,023	15,855	5,953
`454/9`	36,469	34,452	43,524	31,075	33,440	17,676	19,087	23,525	23,977	31,224	24,099	22,516	19,140	16,235	13,910	12,289	10,145	11,762	14,296	11,189
`47/48`	74,250	30,000	-	-	79,000	41,429	35,714	-	50,000	80,000	68,493	60,000	-	-	514	-	-	5,000	19	-
Income statement
`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.1m	1.3m	1.0m	1.0m	1.3m	1.1m
`76A`	0	7,691	-	2,511	-	-	-	-	-	-	-	8,557	5,785	1,500	270,051	-	132	-	-	-
`9900`	360,408	399,433	352,111	382,508	448,373	296,124	347,898	324,765	426,228	533,479	414,686	363,573	309,798	214,094	190,403	223,542	114,604	144,511	246,454	212,954
`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	911,350	1.1m	924,735	876,075	1.0m	922,762
`62`	277,038	350,724	293,251	338,192	315,480	189,376	215,244	213,009	247,974	266,190	247,067	208,874	183,821	137,084	121,680	100,177	81,246	91,905	147,713	126,352
`630`	61,262	60,658	51,545	52,605	41,397	63,191	74,478	90,168	92,498	97,845	80,963	82,327	78,331	63,093	44,652	111,447	29,079	40,181	44,269	41,162
`631/4`	-	-	-	-	-	-	-	-	-	-	-4,132	4,132	-	-	-	-	-	-	-	-
`635/8`	0	-20,289	-	-23,081	2,502	-659	1,307	-1,706	1,148	21,328	-7,360	-8,463	22,560	2,294	-2,137	2,316	-9,061	-6,293	14,352	1,518
`640/8`	15,174	14,549	13,289	18,934	14,360	12,841	13,636	13,819	14,796	11,713	11,528	13,057	12,087	12,906	12,513	5,682	3,911	3,688	3,731	4,507
`66A`	0	96	126	25	-	231	401	188	3,528	-	-	-	-	-	-	-	-	-	-	-
`9901`	6,933	-6,304	-6,099	-4,168	74,634	31,143	42,833	9,287	66,284	136,403	86,620	63,646	12,999	-1,283	13,695	3,920	9,429	15,030	36,389	39,415
`75/76B`	16,461	18,069	24,477	24,340	31,506	24,242	21,865	21,276	24,436	25,114	24,418	22,351	12,566	8,637	10,163	5,229	5,141	4,304	2,056	1,715
`75`	16,461	18,069	24,477	24,340	31,506	24,242	21,865	21,276	24,436	25,114	24,418	22,351	12,566	8,637	10,163	5,229	5,141	4,304	2,056	1,715
`65/66B`	9,369	8,731	6,587	6,988	7,887	8,742	8,305	9,111	10,533	10,446	10,700	11,398	12,120	16,700	16,731	7,543	2,808	2,648	4,032	6,192
`65`	9,369	8,731	6,587	6,988	7,887	8,742	8,305	9,111	10,533	10,446	10,700	11,398	12,120	16,700	16,731	7,543	2,808	2,648	4,032	6,192
`9903`	14,025	3,034	11,790	13,184	98,253	46,644	56,393	21,452	80,187	151,071	100,338	83,156	19,230	-7,846	277,178	1,606	11,894	16,686	34,413	34,938
`780`	3,060	3,060	3,060	3,060	3,060	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	10,104	5,164	9,293	4,595	27,965	13,885	17,219	8,588	15,963	46,788	38,642	31,438	6,018	1,896	-501	1,200	8,332	945	8,766	10,560
`9904`	6,981	930	5,557	11,649	73,348	35,819	42,234	15,924	67,283	107,342	64,756	54,778	16,272	-6,683	188,948	406	3,562	15,741	25,647	24,378
`789`	5,942	5,942	5,942	5,942	5,942	5,942	5,942	5,942	5,942	5,942	5,942	5,942	5,942	5,942	-	-	-	-	-	6,391
`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	172,318	-	-	-	10,500	11,000
`9905`	12,923	6,872	11,499	17,591	79,290	41,761	48,176	21,866	73,225	113,284	70,698	60,720	22,214	-741	16,630	406	3,562	15,741	15,147	19,769
Appropriation of the result
`9906`	12,923	18,372	11,499	17,591	79,290	41,761	48,176	21,866	73,225	113,284	70,698	60,720	22,214	-741	16,630	406	3,562	15,741	15,147	19,769
`14P`	0	11,499	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	17,077	111,628	-	-	-	-	-	-	-	-	-	-	-	741	-	-	-	-	-	-
`691/2`	-	-	-	17,591	290	332	12,462	21,866	23,225	83,284	2,205	720	22,214	-	16,630	406	3,562	15,741	15,147	19,769
`6921`	-	-	-	17,591	290	332	12,462	21,866	23,225	83,284	2,205	720	22,214	-	16,630	406	3,562	15,741	15,147	19,769
`694/7`	30,000	130,000	-	-	79,000	41,429	35,714	-	50,000	30,000	68,493	60,000	-	-	-	-	-	-	-	-
`694`	30,000	130,000	-	-	79,000	41,429	35,714	-	-	-	68,493	60,000	-	-	-	-	-	-	-	-
`695`	-	-	-	-	-	-	-	-	50,000	30,000	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	5.7	5.5	5	6	5.7	4.2	4.1	4.4	4.7	5.2	5	4.2	4.1	4	3.4	2.5	2.5	2.5	3.8	3.3
Hours worked`1013`	7,327	9,247	8,200	10,110	9,623	6,162	7,064	7,531	8,220	-	8,573	7,360	6,925	6,001	5,270	4,035	3,240	4,110	6,395	5,794
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 19 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 04-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	04-06-2026	2026-00144484	PDF
31-12-2024	full format	02-06-2025	2025-00124103	PDF
31-12-2023	full format	03-06-2024	2024-00113593	PDF
31-12-2022	full format	13-06-2023	2023-00129369	PDF
31-12-2021	full format	27-06-2022	2022-20093069	PDF
31-12-2020	full format	06-07-2021	2021-30800564	PDF
31-12-2019	full format	30-07-2020	2020-35800439	PDF
31-12-2018	full format	05-06-2019	2019-15800167	PDF
31-12-2017	full format	12-07-2018	2018-34000174	PDF
31-12-2016	full format	27-07-2017	2017-38800190	PDF
31-12-2015	full format	16-06-2016	2016-20500072	PDF
31-12-2014	full format	04-06-2015	2015-15500124	PDF
31-12-2013	full format	09-07-2014	2014-29600041	PDF
31-12-2012	full format	27-06-2013	2013-24500438	PDF
31-12-2011	full format	20-06-2012	2012-19500580	PDF
31-12-2010	full format	21-06-2011	2011-19200434	PDF
31-12-2009	full format	16-06-2010	2010-18700516	PDF
31-12-2008	full format	24-06-2009	2009-28500229	PDF
31-12-2007	full format	09-07-2008	2008-37400025	PDF
31-12-2006	full format	26-06-2007	2007-28900024	PDF
31-12-2005	full format	26-06-2006	2006-32001995	PDF
31-12-2004	full format	01-07-2005	2005-39804097	PDF
31-12-2003	full format	02-07-2004	2004-38702873	PDF
31-12-2002	full format	02-07-2003	2003-37104756	PDF
31-12-2001	full format	19-06-2002	2002-23703555	PDF
31-12-2000	full format	28-06-2001	2001-28701504	PDF
31-12-1999	full format	29-06-2000	2000-31601725	PDF
31-12-1998	full format	30-06-1999	1999-26703600	PDF
31-12-1997	full format	29-06-1998	1998-24302921	PDF
31-12-1996	full format	26-06-1997	1997-21002936	PDF
31-12-1995	full format	27-06-1996	1996-23804436	PDF
31-12-1994	full format	28-06-1995	1995-30204411	PDF
31-12-1993	full format	23-08-1994	1994-36801378	PDF
31-12-1992	full format	28-06-1993	1993-18200190	PDF
31-12-1991	full format	19-06-1992	1992-12504147	PDF
31-12-1990	full format	26-06-1991	1991-12800681	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
68,195	54,354	45,445	48,437	116,031	94,334	117,310	99,455	158,782	234,248	167,583	145,973	91,330	61,810	58,347	115,367	38,508	55,211	80,658	80,577
68,243	61,588	57,102	64,254	114,745	99,010	116,712	106,092	159,781	205,187	145,719	137,105	94,603	56,410	233,600	111,853	32,641	55,922	69,916	65,540
9,273	120,011	90,940	139,976	16,129	6,469	0	26,736	86,327	48,650	5,475	47,701	91,167	108,428	203,586	622,938	40,443	18,858	29,418	27,570
15,595	62,112	-114,066	-186,426	104,041	13,243	62,136	16,180	-83,186	54,405	92,127	99,845	-21,739	30,542	-41,080	82,353	29,254	-41,912	-51,733	-
-27,470	-27,366	94,913	169,574	295,581	300,667	280,596	233,124	191,389	172,042	187,909	157,083	169,707	178,417	238,117	2,621	66,980	67,629	52,283	23,754
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.2%	0.3%	0.9%	1.5%	2.9%	3.5%
22.6%	25.0%	34.2%	35.5%	30.1%	32.9%	32.0%	31.0%	28.8%	26.9%	30.7%	29.5%	30.9%	32.7%	30.6%	18.3%	52.0%	47.0%	39.1%	32.9%
0.96	0.95	1.17	1.36	1.50	1.64	1.58	1.49	1.39	1.33	1.38	1.30	1.40	1.59	1.60	1.01	1.40	1.32	1.20	1.08
0.71	0.75	0.99	1.01	1.21	1.28	1.25	1.20	1.20	1.15	1.21	1.11	1.18	1.32	1.33	0.88	1.07	1.01	0.96	0.92
3.23	2.82	1.74	1.63	2.05	1.78	1.86	1.94	2.17	2.39	2.02	2.14	1.96	1.81	2.03	4.42	0.88	1.04	1.43	1.98
2.8%	0.3%	1.4%	3.0%	19.3%	9.3%	10.8%	4.1%	18.2%	30.5%	15.7%	13.2%	3.9%	-1.7%	46.0%	0.2%	1.6%	7.2%	12.7%	13.8%
0.6%	0.1%	0.5%	1.1%	5.8%	3.0%	3.4%	1.3%	5.2%	8.2%	4.8%	3.9%	1.2%	-0.5%	14.0%	0.0%	0.8%	3.4%	4.9%	4.5%
7.28	6.23	6.90	6.93	14.71	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-	-	-	68 days	21 days	9 days	31 days	23 days	15 days
-	-	-	-	-	-	-	-	-	-	-	-	-	-	41 days	36 days	11 days	28 days	41 days	42 days

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	6	5	5	5	8
full-time	5	4	5	4	5
part-time	1	1	-	1	3
in full-time equivalents	5.8	4.8	5	4.8	5.7
	5.7	5.5	5	6	5.7
On a permanent contract	5	5	5	5	8
Joined	2	1	-	0	3
Left	1	1	-	3	1
Training hours	654	-	-	-	-

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€9,273	€120,011	€90,940	€139,976	€16,129
Financial fixed assets	€0	-	-	-	-
	€61,262	€60,658	€51,545	€52,605	€41,397

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ADECOR

The operating result for 2025 is a profit of €6,933, after a loss of €6,304 in 2024. It is the highest result since 2021.

Debt's share of the balance-sheet total rises from 70.5% to 73.1%. Equity is lower and debt is higher.

Next steps

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Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency22.6%

Current ratio0.96

Return on assets0.6%

Staff

Staff cost per FTE€48,603

Joined and left+1 person

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on ADECOR

Next steps

in euro

in euro

22.6%

0.96

0.6%

€48,603

+1 person