Financials
- Fiscal year
- 2025
- Total assets
- €191,821
- Loss
- -€17,432
- Solvency
- 31.7%
Total assets▲ 41.1%
Net result
20192025
ADORE
ActiveSummary
ADORE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,804 and a net result of -€17,432. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
Air transport
NACE 51100
#8 oldest company in Limburg, Air transport sector1 site
Size
€191,821total assets 2025
- Equity
- €60,804
- Loss
- -€17,432
Turnover not published (abridged schema)
Structure
Accounts filed 17 d late0 of 3 deeds read
Why 69- 1 change of registered office in 24 months- Loss of €17,432, the second in a row (FY 2025)+ Liquidity: current ratio 0.51, cash €57,946+ Figures for FY 2025 (filed 17-08-2026)Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 33% of its sector peers (NACE 51, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
57-26
equity 31.7% of total assets
Liquidity
51+18
short-term debt 68.3% · cash 30.2%
Profitability
7+7
return on assets -9.1%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.9%
12-2024: 1.1%▲ +15.4% vs 11-2024
01-2025: 1.9%▲ +76.5% vs 12-2024
02-2025: 2.1%▲ +8.3% vs 01-2025
03-2025: 3.0%▲ +45.3% vs 02-2025
04-2025: 4.6%▲ +53.5% vs 03-2025
05-2025: 4.6%● 0.0% vs 04-2025
06-2025: 4.9%▲ +6.4% vs 05-2025highest value
07-2025: 4.5%▼ -8.7% vs 06-2025
08-2025: 1.6%▼ -65.0% vs 07-2025
09-2025: 1.5%▼ -2.0% vs 08-2025
10-2025: 1.5%● 0.0% vs 09-2025
11-2025: 1.5%● 0.0% vs 10-2025
12-2025: 1.5%● 0.0% vs 11-2025
01-2026: 1.5%● 0.0% vs 12-2025
02-2026: 1.5%● 0.0% vs 01-2026
03-2026: 1.5%● 0.0% vs 02-2026
04-2026: 1.7%▲ +12.4% vs 03-2026
05-2026: 1.8%▲ +3.9% vs 04-2026
06-2026: 1.8%▼ -2.4% vs 05-2026
07-2026: 1.9%▲ +6.2% vs 06-2026
08-2026: 2.4%▲ +29.9% vs 07-2026
09-2026: 0.7%▼ -72.9% vs 08-2026lowest value
10-2026: 0.7%● 0.0% vs 09-2026lowest value
- 1 change of registered office in 24 months raises the probability
- Loss of €17,432, the second in a row (FY 2025) raises the probability
- Liquidity: current ratio 0.51, cash €57,946 lowers the probability
- Figures for FY 2025 (filed 17-08-2026) lowers the probability
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.11 in 2024; short-term debt: 68.3% and cash: 30.2% of total assets), and 68.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 51, micro). Better than this share of them on solvency 42%, liquidity 48%, profitability 21%, growth against the median 23%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€17,432
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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
17 d late
2024
31 d early
2023
1 d early
2022
3 d late
2021
31 d late
2020
30 d early
2019
38 d early
← 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 7 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 35% 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
06-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€28,964
Key points
By topic
Timeline
- Events
- 12
- Since
- 2016
- Next accounts
- by 31-07-2027
- 17-08-2026Annual accounts filed
- 30-06-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Air transportNACE 51100
- Founded
- 02-04-2012
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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