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ADR

Active
Private limited companyfounded 2004active for 22 yearsSlachthuisstraat 46, 7700 Mouscron, BelgiumKBO/BCE: BE 0865.564.058
Summary

The computed 12-month bankruptcy probability of ADR is 3.9% (moderate). The 2025 annual accounts show equity of €46,925 and a net result of -€5,130. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 12% of 788 sector peers (NACE 10, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
ADRActiveChecked score 47/100
Risk analysis ReportCompare

Directors

Directors
1 director, last change in 2023

Board 1

CAEDES
Director (not named in the articles) · since 28-06-2023 · Private limited company · permanent representative: Johan CASTELEIN
Current

Permanent representatives 1

Johan CASTELEIN
Permanent representative · since 28-06-2023 · for CAEDES
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
3 of this company's 6 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2023, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
CAEDES
  • Director (not named in the articles), from 28-06-2023 to date
CADUS
  • Director (not named in the articles), until 28-06-2023
Guy VAN GENECHTEN
  • Director (not named in the articles), until 28-06-2023
See the board, name and registered office on a given date →

The directors' other companies

1 current director with another company that went bankrupt, was dissolved or struck off

1 other company of this director was judicially dissolved (2026).

Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it. Only boards we have read from the Gazette; other companies may still be missing.

Owners and capital

Owners

1 owner

Chain of control

  1. CADUS 100%
  2. CAEDES 100%
  3. ADR

Highest known parent: CADUS. The sources do not say who stands above it.

Owners 1

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Shareholders according to the deeds
Stated in the act act of 10-03-2025 ↗
  • CAEDES (BE 0802.701.427) all shares

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

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