ADMIN SADI
ActiveSummary
ADMIN SADI has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €360,511 and a net result of €1,454. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 88% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-55
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 5.08 against 4.9 in 2024; short-term debt: 16% and cash: 9.6% of total assets), and 16% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
84%
Return on assets
0.3%
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
11 d late
2023
29 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
66 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 27 days after the deadline; the sector median for financial year 2024 is 7 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€360,511▲ 0.4%
2024 · €359,057
Total assets
€429,360▼ 0.7%
2024 · €432,217
Net result
€1,454▼ 92.3%
2024 · €18,909
Working capital
€280,753▼ 1.6%
2024 · €285,256
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€73,281▼ 5.4%€77,606▲ 5.9%€73,800▼ 4.9%€17,412▼ 76.4%-€786
Net result€50,856▼ 5.2%€55,247▲ 8.6%€59,936▲ 8.5%€18,909▼ 68.5%€1,454▼ 92.3%
Equity€253,965▲ 7.1%€309,212▲ 21.8%€369,149▲ 19.4%€359,057▼ 2.7%€360,511▲ 0.4%
Total assets€329,105▼ 9.9%€362,956▲ 10.3%€426,984▲ 17.6%€432,217▲ 1.2%€429,360▼ 0.7%
Debt€75,140▼ 41.4%€53,743▼ 28.5%€57,836▲ 7.6%€73,160▲ 26.5%€68,849▼ 5.9%
Working capital€184,826▲ 10.1%€234,606▲ 26.9%€294,945▲ 25.7%€285,256▼ 3.3%€280,753▼ 1.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €786 after €17,412 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €429,360
Fixed assets
€79,771 ▲ 8.1%
Current assets
€349,589 ▼ 2.5%
Equity and liabilities €429,360
Equity
€360,511 ▲ 0.4%
Debt
€68,849 ▼ 5.9%
Debt's share of the balance-sheet total falls from 16.9% to 16.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€228▼
2024 · €17,815
Cash flow
€2,013▼
2024 · €19,311
Current ratio
5.08▲
2024 · 4.90
Debt to equity
0.19▼
2024 · 0.20
ROE
0.4%▼
2024 · 5.3%
ROA
0.3%▼
2024 · 4.4%
Interest coverage
-0.17▼
2024 · 10.08
Debt ≤ 1 year
€68,836▼
2024 · €73,136
Income taxes
€145▼
2024 · €7,091
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 | €1,206 | €286 | €402 | €402 | €559 | ▲ 38.8% |
| Other operating charges640/8 | €5,950 | €6,468 | €7,955 | €8,029 | €6,944 | ▼ 13.5% |
| Gross operating margin9900 | €80,437 | €84,360 | €82,157 | €25,844 | €6,716 | ▼ 74.0% |
| Operating profit (loss)9901 | €73,281 | €77,606 | €73,800 | €17,412 | -€786 | ▼ 105% |
| Financial income75/76B | €93 | €7 | €10,477 | €10,354 | €3,690 | ▼ 64.4% |
| Recurring financial income75 | €93 | €7 | €10,477 | €10,354 | €3,690 | ▼ 64.4% |
| Financial charges65/66B | €3,026 | €1,830 | €1,750 | €1,767 | €1,304 | ▼ 26.2% |
| Recurring financial charges65 | €3,026 | €1,830 | €1,750 | €1,767 | €1,304 | ▼ 26.2% |
| Profit (loss) for the period before taxes9903 | €70,348 | €75,783 | €82,528 | €25,999 | €1,599 | ▼ 93.8% |
| Income taxes67/77 | €19,492 | €20,536 | €22,591 | €7,091 | €145 | ▼ 97.9% |
| Profit (loss) for the period9904 | €50,856 | €55,247 | €59,936 | €18,909 | €1,454 | ▼ 92.3% |
| Profit (loss) for the period to be appropriated9905 | €50,856 | €55,247 | €59,936 | €18,909 | €1,454 | ▼ 92.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €329,105 | €362,956 | €426,984 | €432,217 | €429,360 | ▼ 0.7% |
| Fixed assets21/28 | €72,007 | €74,630 | €74,228 | €73,826 | €79,771 | ▲ 8.1% |
| Tangible fixed assets22/27 | €72,007 | €74,630 | €74,228 | €73,826 | €79,771 | ▲ 8.1% |
| Land and buildings22 | €72,007 | €74,630 | €74,228 | €73,826 | €79,771 | ▲ 8.1% |
| Current assets29/58 | €257,098 | €288,325 | €352,756 | €358,391 | €349,589 | ▼ 2.5% |
| Amounts receivable within one year40/41 | €160,060 | €194,464 | €200,028 | €14,690 | €8,461 | ▼ 42.4% |
| Trade receivables40 | €8,721 | €17,879 | €9,309 | €4,167 | €0 | ▼ 100% |
| Other amounts receivable41 | €151,338 | €176,585 | €190,719 | €10,524 | €8,461 | ▼ 19.6% |
| Current investments50/53 | - | - | - | - | €299,999 | - |
| Cash at bank and in hand54/58 | €97,039 | €93,862 | €152,578 | €342,643 | €41,061 | ▼ 88.0% |
| Deferred charges and accrued income490/1 | - | - | €150 | €1,058 | €68 | ▼ 93.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €329,105 | €362,956 | €426,984 | €432,217 | €429,360 | ▼ 0.7% |
| Equity10/15 | €253,965 | €309,212 | €369,149 | €359,057 | €360,511 | ▲ 0.4% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €228,965 | €284,212 | €344,149 | €334,057 | €335,511 | ▲ 0.4% |
| Non-distributable reserves130/1 | €2,500 | €2,500 | - | - | - | - |
| Reserves not available under the articles1311 | €2,500 | €2,500 | - | - | - | - |
| Distributable reserves133 | €226,465 | €281,712 | €344,149 | €334,057 | €335,511 | ▲ 0.4% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €75,140 | €53,743 | €57,836 | €73,160 | €68,849 | ▼ 5.9% |
| Amounts payable within one year42/48 | €72,272 | €53,719 | €57,812 | €73,136 | €68,836 | ▼ 5.9% |
| Current portion of amounts payable after more than one year42 | €3,959 | - | - | - | - | - |
| Trade debts44 | €6,193 | €3,271 | €1,483 | €1,394 | €1,507 | ▲ 8.2% |
| Suppliers440/4 | €6,193 | €3,271 | €1,483 | €1,394 | €1,507 | ▲ 8.2% |
| Taxes, remuneration and social security45 | €16,624 | €12,884 | €16,897 | €9,536 | €9,609 | ▲ 0.8% |
| Taxes450/3 | €16,624 | €12,884 | €16,897 | €9,536 | €9,609 | ▲ 0.8% |
| Other amounts payable47/48 | €45,496 | €37,565 | €39,431 | €62,206 | €57,720 | ▼ 7.2% |
| Accrued charges and deferred income492/3 | €2,868 | €24 | €24 | €24 | €13 | ▼ 47.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,856 | €55,247 | €59,936 | €18,909 | €1,454 | ▼ 92.3% |
| + Depreciation and write-downs630 | €1,206 | €286 | €402 | €402 | €559 | ▲ 38.8% |
| Operating cash flow (approximation) | €52,062 | €55,534 | €60,339 | €19,311 | €2,013 | ▼ 89.6% |
| Investment in fixed assets (approximation) | - | -€2,910 | €0 | €0 | -€6,504 | - |
| Change in cash | - | -€3,177 | €58,717 | €190,065 | -€301,582 | ▼ 259% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €1,454 ▼92.3%
Net result drops to €1,454, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €59,936 ▲8.5%
Net result €59,936, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €200,000Eq €237,109 ▲29.2%
3 profitable years in a row build equity to €237,109.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-12
Financial
Equity above €150,000Eq €183,479 ▲32.4%
2 profitable years in a row build equity to €183,479.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 6 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 1996
Ground area
1,271 m²
Building footprint
608 m²
Volume, LiDAR
2,705 m³
Parcel 31807H0503/00A006, Flanders · tallest building 12.3 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Tijl Uilenspiegelstraat 18, 8000 Brugge
since 19962.076.452.175
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807H0503/00A006 | Flanders | 1,270 m² | 1 · 608 m² | 12.3 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
9845004C6MB50C3C8614
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 4,430 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-04-1996
Fiscal year end31-12
Abbreviation NL
SADI
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.