ADMARA
ActiveSummary
ADMARA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €836,658 and a net result of €84,987. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-1
Solvency86▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.12 in 2024; short-term debt: 27.6% and cash: 8.5% of total assets), and 38.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
61.3%
Return on assets
6.2%
Age of the figures
9 mo
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
29 d late
2023
30 d early
2022
28 d early
2021
6 d early
2020
45 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 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 3 July (4 of the last 5 filed years within 36 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
€836,658▲ 11.3%
2024 · €751,671
Total assets
€1.4m▲ 18.6%
2024 · €1.2m
Net result
€84,987▼ 0.9%
2024 · €85,733
Working capital
-€236,007▲ 4.9%
2024 · -€248,141
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
Line20212022202320242025
Operating result€102,006▼ 0.2%€116,369▲ 14.1%€126,807▲ 9.0%€128,449▲ 1.3%€128,913▲ 0.4%
Net result€61,891above the sector's middle half▼ 1.0%€73,727above the sector's middle half▲ 19.1%€81,608above the sector's middle half▲ 10.7%€85,733above the sector's middle half▲ 5.1%€84,987above the sector's middle half▼ 0.9%
Equity€510,604above the sector's middle half▲ 13.8%€584,331above the sector's middle half▲ 14.4%€665,939above the sector's middle half▲ 14.0%€751,671above the sector's middle half▲ 12.9%€836,658above the sector's middle half▲ 11.3%
Total assets€1.2mabove the sector's middle half▼ 1.8%€1.2mabove the sector's middle half▲ 0.1%€1.2mabove the sector's middle half▼ 0.3%€1.2mabove the sector's middle half▼ 0.1%€1.4mabove the sector's middle half▲ 18.6%
Debt€643,099▼ 11.5%€570,966▼ 11.2%€485,838▼ 14.9%€399,140▼ 17.8%€527,988▲ 32.3%
Working capital-€461,214below the sector's middle half▲ 11.4%-€392,545below the sector's middle half▲ 14.9%-€320,645below the sector's middle half▲ 18.3%-€248,141below the sector's middle half▲ 22.6%-€236,007below the sector's middle half▲ 4.9%
Solvency44.3%within the sector's middle half▲ 6.1pp50.6%within the sector's middle half▲ 6.3pp57.8%within the sector's middle half▲ 7.2pp65.3%within the sector's middle half▲ 7.5pp61.3%within the sector's middle half▼ 4.0pp
Current ratio0.07below the sector's middle half▼ 0.020.09below the sector's middle half▲ 0.020.10below the sector's middle half▲ 0.010.12below the sector's middle half▲ 0.020.37below the sector's middle half▲ 0.25
Return on assets (ROA)5.4%within the sector's middle half=6.4%within the sector's middle half▲ 1.0pp7.1%within the sector's middle half▲ 0.7pp7.4%within the sector's middle half▲ 0.4pp6.2%within the sector's middle half▼ 1.2pp
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 has risen four years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.2m ▲ 9.7%
Current assets
€140,162 ▲ 301%
Equity and liabilities €1.4m
Equity
€836,658 ▲ 11.3%
Debt
€527,988 ▲ 32.3%
Debt's share of the balance-sheet total rises from 34.7% to 38.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€130,626▲
2024 · €129,072
Cash flow
€86,700▲
2024 · €86,355
Debt to equity
0.63▲
2024 · 0.53
ROE
10.2%▼
2024 · 11.4%
Interest coverage
12.19▼
2024 · 14.67
Debt ≤ 1 year
€376,169▲
2024 · €283,106
Debt > 1 year
€106,897▲
2024 · €75,645
Income taxes
€33,207▼
2024 · €33,919
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,769 | €3,399 | €1,202 | €623 | €1,713 | ▲ 175% |
| Other operating charges640/8 | €348 | €868 | €1,346 | €968 | €1,287 | ▲ 33.0% |
| Gross operating margin9900 | €106,123 | €120,636 | €129,355 | €130,040 | €131,913 | ▲ 1.4% |
| Operating profit (loss)9901 | €102,006 | €116,369 | €126,807 | €128,449 | €128,913 | ▲ 0.4% |
| Financial charges65/66B | €17,023 | €15,442 | €12,634 | €8,798 | €10,719 | ▲ 21.8% |
| Recurring financial charges65 | €17,023 | €15,442 | €12,634 | €8,798 | €10,719 | ▲ 21.8% |
| Profit (loss) for the period before taxes9903 | €84,983 | €100,928 | €114,174 | €119,652 | €118,194 | ▼ 1.2% |
| Income taxes67/77 | €23,092 | €27,200 | €32,566 | €33,919 | €33,207 | ▼ 2.1% |
| Profit (loss) for the period9904 | €61,891 | €73,727 | €81,608 | €85,733 | €84,987 | ▼ 0.9% |
| Profit (loss) for the period to be appropriated9905 | €61,891 | €73,727 | €81,608 | €85,733 | €84,987 | ▼ 0.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.2m | €1.4m | ▲ 18.6% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.2m | ▲ 9.7% |
| Tangible fixed assets22/27 | €12,195 | €9,530 | €9,455 | €9,962 | €17,163 | ▲ 72.3% |
| Furniture and vehicles24 | €8,789 | €8,781 | €9,455 | €9,962 | €17,163 | ▲ 72.3% |
| Other tangible fixed assets26 | €3,406 | €749 | - | - | - | - |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.2m | ▲ 9.2% |
| Current assets29/58 | €35,515 | €39,883 | €36,438 | €34,965 | €140,162 | ▲ 301% |
| Amounts receivable within one year40/41 | €27,960 | €28,785 | €26,622 | €25,212 | €24,465 | ▼ 3.0% |
| Trade receivables40 | €17,545 | €17,545 | €22,122 | €19,965 | €19,965 | = |
| Other amounts receivable41 | €10,415 | €11,240 | €4,500 | €5,247 | €4,500 | ▼ 14.2% |
| Cash at bank and in hand54/58 | €7,555 | €11,098 | €9,816 | €9,752 | €115,697 | ▲ 1,086% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.4m | ▲ 18.6% |
| Equity10/15 | €510,604 | €584,331 | €665,939 | €751,671 | €836,658 | ▲ 11.3% |
| Contributions10/11 | €212,537 | €212,537 | €212,537 | €212,537 | €212,537 | = |
| Reserves13 | €81,254 | €81,254 | €81,254 | €81,254 | €81,254 | = |
| Non-distributable reserves130/1 | €21,254 | €21,254 | - | - | - | - |
| Reserves not available under the articles1311 | €21,254 | €21,254 | - | - | - | - |
| Distributable reserves133 | €60,000 | €60,000 | €81,254 | €81,254 | €81,254 | = |
| Profit (loss) carried forward14 | €216,813 | €290,540 | €372,148 | €457,881 | €542,868 | ▲ 18.6% |
| Amounts payable17/49 | €643,099 | €570,966 | €485,838 | €399,140 | €527,988 | ▲ 32.3% |
| Amounts payable after more than one year17 | €125,976 | €109,271 | €92,696 | €75,645 | €106,897 | ▲ 41.3% |
| Financial debts170/4 | €125,976 | €109,271 | €92,696 | €75,645 | €106,897 | ▲ 41.3% |
| Amounts payable within one year42/48 | €496,729 | €432,427 | €357,083 | €283,106 | €376,169 | ▲ 32.9% |
| Current portion of amounts payable after more than one year42 | €16,238 | €16,704 | €16,775 | €17,051 | €50,149 | ▲ 194% |
| Financial debts43 | €18,298 | €19,385 | €18,196 | €18,139 | €18,068 | ▼ 0.4% |
| Credit institutions430/8 | €18,298 | €19,385 | €18,196 | €18,139 | €18,068 | ▼ 0.4% |
| Trade debts44 | €9,067 | €12,624 | €1,732 | €2,023 | €4,058 | ▲ 101% |
| Suppliers440/4 | €9,067 | €12,624 | €1,732 | €2,023 | €4,058 | ▲ 101% |
| Taxes, remuneration and social security45 | €8,871 | €8,387 | €12,139 | €13,623 | €12,766 | ▼ 6.3% |
| Taxes450/3 | €8,871 | €8,387 | €12,139 | €13,623 | €12,766 | ▼ 6.3% |
| Other amounts payable47/48 | €444,255 | €375,328 | €308,240 | €232,270 | €291,128 | ▲ 25.3% |
| Accrued charges and deferred income492/3 | €20,395 | €29,267 | €36,059 | €40,389 | €44,923 | ▲ 11.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,891 | €73,727 | €81,608 | €85,733 | €84,987 | ▼ 0.9% |
| + Depreciation and write-downs630 | €3,769 | €3,399 | €1,202 | €623 | €1,713 | ▲ 175% |
| Operating cash flow (approximation) | €65,660 | €77,126 | €82,810 | €86,355 | €86,700 | ▲ 0.4% |
| Investment in fixed assets (approximation) | - | -€625 | -€1,127 | -€1,130 | -€110,352 | ▼ 9,663% |
| Change in cash | - | €3,543 | -€1,282 | -€64 | €105,945 | ▲ 166,732% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
02-04
State Gazette act
General meeting · Capital increase
Capital · Director appointment
2024
31-12
Financial
Highest result since 2018net €85,733 ▲5.1%
Net result €85,733, the highest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500,000Eq €510,604 ▲13.8%
4 profitable years in a row build equity to €510,604.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €24,131 ▼17.5%
Net result drops to €24,131, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2015
21-08
State Gazette act
General meeting · Director resignation
Director appointment · Board meeting
2008
31-07
State Gazette act
General meeting · Director reappointment
Director appointment · Board meeting
Financial milestoneState Gazette actNBB 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 1999
Ground area
437 m²
Building footprint
216 m²
Volume, LiDAR
2,463 m³
Parcel 21013B0386/00A015, Brussels · tallest building 19.9 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ADMARA SPRL
since 19992.092.392.641
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0386/00A015 | Brussels | 437 m² | 1 · 216 m² | 19.9 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 owner · 1 holdingOwners 1
-
3.61%
Holdings 1
-
29.63%
According to the 2025 annual accounts of ADMARA 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
The group is listed under Ownership & control below; here you explore it as a network.
This company
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
4 locations
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Identification & contact
Identification
Legal formPrivate limited company
Founded29-07-1999
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466626319
Registered
11-12-2025
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.