Summary
AdMiFinances is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €109,861 and a net result of €38,117. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 80% of 2515 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
21 d early
2023
57 d early
2022
22 d late
2021
17 d late
2020
9 d late
2019
16 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 on the deadline day; the sector median for financial year 2024 is 5 days before the deadline, and 39% 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 13 August (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€109,861▲ 34.4%
2024 · €81,744
Net result
€38,117▲ 101%
2024 · €18,930
Total assets
€134,118▲ 18.4%
2024 · €113,262
Solvency
81.9%▲ 9.7pp
2024 · 72.2%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,044▼ 61.4%€13,715▼ 2.3%€43,271▲ 216%€26,560▼ 38.6%€6,856▼ 74.2%
Net result€8,818within the sector's middle half▼ 65.9%€9,924within the sector's middle half▲ 12.5%€29,780within the sector's middle half▲ 200%€18,930within the sector's middle half▼ 36.4%€38,117within the sector's middle half▲ 101%
Equity€80,610within the sector's middle half▲ 12.3%€55,534within the sector's middle half▼ 31.1%€70,313within the sector's middle half▲ 26.6%€81,744within the sector's middle half▲ 16.3%€109,861within the sector's middle half▲ 34.4%
Total assets€143,063within the sector's middle half▼ 16.8%€126,247below the sector's middle half▼ 11.8%€110,478below the sector's middle half▼ 12.5%€113,262below the sector's middle half▲ 2.5%€134,118below the sector's middle half▲ 18.4%
Debt€62,454▼ 37.7%€70,714▲ 13.2%€40,165▼ 43.2%€31,518▼ 21.5%€24,257▼ 23.0%
Working capital€52,109within the sector's middle half▼ 19.7%€5,268within the sector's middle half▼ 89.9%€16,603within the sector's middle half▲ 215%€26,080within the sector's middle half▲ 57.1%€53,859within the sector's middle half▲ 107%
Solvency56.3%within the sector's middle half▲ 14.6pp44.0%within the sector's middle half▼ 12.4pp63.6%within the sector's middle half▲ 19.7pp72.2%within the sector's middle half▲ 8.5pp81.9%above the sector's middle half▲ 9.7pp
Current ratio2.41within the sector's middle half▲ 0.191.08within the sector's middle half▼ 1.331.41within the sector's middle half▲ 0.331.83within the sector's middle half▲ 0.413.22within the sector's middle half▲ 1.39
Return on assets (ROA)6.2%within the sector's middle half▼ 8.9pp7.9%within the sector's middle half▲ 1.7pp27.0%above the sector's middle half▲ 19.1pp16.7%within the sector's middle half▼ 10.2pp28.4%above the sector's middle half▲ 11.7pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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 fallen two years in a row; 2025 is 74% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134,118
Fixed assets
€56,002 ▲ 0.6%
Current assets
€78,116 ▲ 35.6%
Equity and liabilities €134,118
Equity
€109,861 ▲ 34.4%
Debt
€24,257 ▼ 23.0%
Debt's share of the balance-sheet total falls from 27.8% to 18.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
34.7%▲
2024 · 23.2%
Debt ≤ 1 year
€24,257▼
2024 · €31,518
Income taxes
€3,316▼
2024 · €7,300
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 | €311 | €337 | €224 | €377 | €463 | ▲ 22.9% |
| Other operating charges640/8 | €348 | €348 | €384 | - | - | - |
| Gross operating margin9900 | €14,702 | €14,399 | €43,880 | €26,937 | €7,319 | ▼ 72.8% |
| Operating profit (loss)9901 | €14,044 | €13,715 | €43,271 | €26,560 | €6,856 | ▼ 74.2% |
| Financial income75/76B | €14 | €1,251 | - | - | €34,963 | - |
| Recurring financial income75 | €14 | €1,251 | - | - | €34,963 | - |
| Financial charges65/66B | €1,693 | €717 | €442 | €330 | €387 | ▲ 17.3% |
| Recurring financial charges65 | €1,463 | €717 | €442 | €330 | €387 | ▲ 17.3% |
| Non-recurring financial charges66B | €230 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €12,364 | €14,249 | €42,829 | €26,230 | €41,433 | ▲ 58.0% |
| Income taxes67/77 | €3,547 | €4,326 | €13,050 | €7,300 | €3,316 | ▼ 54.6% |
| Profit (loss) for the period9904 | €8,818 | €9,924 | €29,780 | €18,930 | €38,117 | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | €8,818 | €9,924 | €29,780 | €18,930 | €38,117 | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,063 | €126,247 | €110,478 | €113,262 | €134,118 | ▲ 18.4% |
| Fixed assets21/28 | €53,982 | €53,934 | €53,710 | €55,663 | €56,002 | ▲ 0.6% |
| Tangible fixed assets22/27 | €556 | €508 | €283 | €987 | €1,325 | ▲ 34.3% |
| Plant, machinery and equipment23 | - | - | €95 | - | - | - |
| Furniture and vehicles24 | €556 | €508 | €188 | €987 | €1,325 | ▲ 34.3% |
| Financial fixed assets28 | €53,427 | €53,427 | €53,427 | €54,677 | €54,677 | = |
| Current assets29/58 | €89,081 | €72,313 | €56,769 | €57,599 | €78,116 | ▲ 35.6% |
| Amounts receivable within one year40/41 | €52,303 | €38,978 | €22,924 | €9,700 | €7,787 | ▼ 19.7% |
| Trade receivables40 | - | - | €21,250 | - | €968 | - |
| Other amounts receivable41 | €52,303 | €38,978 | €1,674 | €9,700 | €6,819 | ▼ 29.7% |
| Current investments50/53 | - | - | - | €14,000 | €21,500 | ▲ 53.6% |
| Cash at bank and in hand54/58 | €36,778 | €33,335 | €33,844 | €28,049 | €48,829 | ▲ 74.1% |
| Deferred charges and accrued income490/1 | - | - | - | €5,850 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,063 | €126,247 | €110,478 | €113,262 | €134,118 | ▲ 18.4% |
| Equity10/15 | €80,610 | €55,534 | €70,313 | €81,744 | €109,861 | ▲ 34.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €15,860 | €23,360 | €33,360 | ▲ 42.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €15,860 | €23,360 | €33,360 | ▲ 42.8% |
| Profit (loss) carried forward14 | €72,550 | €47,474 | €48,253 | €52,184 | €70,301 | ▲ 34.7% |
| Amounts payable17/49 | €62,454 | €70,714 | €40,165 | €31,518 | €24,257 | ▼ 23.0% |
| Amounts payable after more than one year17 | €25,481 | €3,669 | - | - | - | - |
| Financial debts170/4 | €25,481 | €3,669 | - | - | - | - |
| Amounts payable within one year42/48 | €36,972 | €67,045 | €40,165 | €31,518 | €24,257 | ▼ 23.0% |
| Current portion of amounts payable after more than one year42 | €23,476 | €23,822 | €11,695 | €13,025 | €3,365 | ▼ 74.2% |
| Trade debts44 | €2,632 | €5,550 | €635 | €603 | €4,793 | ▲ 695% |
| Suppliers440/4 | €2,632 | €5,550 | €635 | €603 | €4,793 | ▲ 695% |
| Taxes, remuneration and social security45 | €2,587 | - | €9,065 | €12,329 | €8,787 | ▼ 28.7% |
| Taxes450/3 | €2,587 | - | €9,065 | €3,300 | €3,000 | ▼ 9.1% |
| Remuneration and social security454/9 | - | - | - | €9,029 | €5,787 | ▼ 35.9% |
| Other amounts payable47/48 | €8,278 | €37,673 | €18,770 | €5,562 | €7,312 | ▲ 31.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,818 | €9,924 | €29,780 | €18,930 | €38,117 | ▲ 101% |
| + Depreciation and write-downs630 | €311 | €337 | €224 | €377 | €463 | ▲ 22.9% |
| Operating cash flow (approximation) | €9,128 | €10,260 | €30,004 | €19,307 | €38,580 | ▲ 99.8% |
| Investment in fixed assets (approximation) | - | -€289 | €0 | -€2,330 | -€802 | ▲ 65.6% |
| Change in cash | - | -€3,442 | €509 | -€5,795 | €20,781 | ▲ 459% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
31-12
Financial
Highest result since 2018net €38,117 ▲101%
Net result €38,117, the highest in the series.
31-12
Financial
Equity above €100,000Eq €109,861 ▲34.4%
8 profitable years in a row build equity to €109,861.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Weakest financial yearnet €8,818 ▼65.9%
Net result drops to €8,818, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
16-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 16 days late
2019
17-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 17 days late
2018
26-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 26 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tenneville · 1 establishment unit since 2016
Ground area
635 m²
Building footprint
151 m²
Volume, LiDAR
355 m³
2 parcels, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Quai de l'Ourthe 23, 6980 La Roche-en-Ardenne
since 20162.251.046.831
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83010A1136/00A000 | Wallonia | 453 m² | 1 · 65 m² | 7.2 m · 2 fl. |
| 83031A0123/00K000 | Wallonia | 182 m² | 1 · 87 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 2
-
50%
-
9%
According to the 2022 annual accounts of AdMiFinances 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 1,682 companies in this sector we hold annual accounts for 1,230. 1,070 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded07-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
66191Agents and brokers in banking services
E-invoicing
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Register as of 1 October 2026 · Peppol Directory
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