ADR1
ActiveSummary
The computed 12-month bankruptcy probability of ADR1 is 3.2% (moderate). The 2025 annual accounts show equity of €51,277 and a net result of -€27,542. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 53 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency94▼-3
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.57 against 3.14 in 2024; short-term debt: 31% and cash: 41.4% of total assets), and 31% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 92
Relative position
BE, all sectors
reference
Gambling and betting activities (NACE 92)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69%
Return on assets
-37.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
2 d early
2023
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 18 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 45% 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
€51,277▼ 34.9%
2024 · €78,819
Total assets
€74,271▼ 32.1%
2024 · €109,304
Net result
-€27,542
2024 · €45,338
Working capital
€35,996▼ 44.9%
2024 · €65,285
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
Line202320242025
Operating result€35,617-€53,778▲ 51.0%-€25,195
Net result€26,481-€45,338▲ 71.2%-€27,542
Equity€33,481-€78,819▲ 135%€51,277▼ 34.9%
Total assets€71,645-€109,304▲ 52.6%€74,271▼ 32.1%
Debt€38,165-€30,485▼ 20.1%€22,994▼ 24.6%
Working capital€24,156-€65,285▲ 170%€35,996▼ 44.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25,195 after €53,778 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74,271
Fixed assets
€15,280 ▲ 12.9%
Current assets
€58,990 ▼ 38.4%
Equity and liabilities €74,271
Equity
€51,277 ▼ 34.9%
Debt
€22,994 ▼ 24.6%
Debt's share of the balance-sheet total rises from 27.9% to 31.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€23,927▼
2024 · €54,689
Cash flow
-€26,273▼
2024 · €46,248
Current ratio
2.57▼
2024 · 3.14
Debt to equity
0.45▲
2024 · 0.39
ROE
-53.7%▼
2024 · 57.5%
ROA
-37.1%▼
2024 · 41.5%
Interest coverage
-143.84▼
2024 · 445.13
Debt ≤ 1 year
€22,994▼
2024 · €30,485
Income taxes
€3,923▼
2024 · €9,411
Staff costs
€3,603▼
2024 · €5,800
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €5,800 | €3,603 | ▼ 37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €228 | €910 | €1,269 | ▲ 39.3% |
| Other operating charges640/8 | - | €297 | - | - |
| Non-recurring operating charges66A | €129 | €247 | €882 | ▲ 257% |
| Gross operating margin9900 | €35,973 | €61,033 | -€19,441 | ▼ 132% |
| Operating profit (loss)9901 | €35,617 | €53,778 | -€25,195 | ▼ 147% |
| Financial income75/76B | - | €1,094 | €1,743 | ▲ 59.4% |
| Recurring financial income75 | - | €1,094 | €1,743 | ▲ 59.4% |
| Financial charges65/66B | - | €123 | €166 | ▲ 35.4% |
| Recurring financial charges65 | - | €123 | €166 | ▲ 35.4% |
| Profit (loss) for the period before taxes9903 | €35,617 | €54,749 | -€23,619 | ▼ 143% |
| Income taxes67/77 | €9,136 | €9,411 | €3,923 | ▼ 58.3% |
| Profit (loss) for the period9904 | €26,481 | €45,338 | -€27,542 | ▼ 161% |
| Profit (loss) for the period to be appropriated9905 | €26,481 | €45,338 | -€27,542 | ▼ 161% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €71,645 | €109,304 | €74,271 | ▼ 32.1% |
| Fixed assets21/28 | €9,324 | €13,534 | €15,280 | ▲ 12.9% |
| Tangible fixed assets22/27 | €4,324 | €3,414 | €5,160 | ▲ 51.2% |
| Plant, machinery and equipment23 | €4,324 | €3,414 | €5,160 | ▲ 51.2% |
| Financial fixed assets28 | €5,000 | €10,120 | €10,120 | = |
| Current assets29/58 | €62,321 | €95,770 | €58,990 | ▼ 38.4% |
| Amounts receivable within one year40/41 | - | €36,794 | €28,235 | ▼ 23.3% |
| Other amounts receivable41 | - | €36,794 | €28,235 | ▼ 23.3% |
| Current investments50/53 | €62,321 | - | - | - |
| Cash at bank and in hand54/58 | - | €58,976 | €30,755 | ▼ 47.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €71,645 | €109,304 | €74,271 | ▼ 32.1% |
| Equity10/15 | €33,481 | €78,819 | €51,277 | ▼ 34.9% |
| Contributions10/11 | €7,000 | €7,000 | €7,000 | = |
| Profit (loss) carried forward14 | €26,481 | €71,819 | €44,277 | ▼ 38.3% |
| Amounts payable17/49 | €38,165 | €30,485 | €22,994 | ▼ 24.6% |
| Amounts payable within one year42/48 | €38,165 | €30,485 | €22,994 | ▼ 24.6% |
| Trade debts44 | €13,028 | €4,022 | €182 | ▼ 95.5% |
| Suppliers440/4 | €13,028 | €4,022 | €182 | ▼ 95.5% |
| Taxes, remuneration and social security45 | €25,136 | €26,463 | €22,812 | ▼ 13.8% |
| Taxes450/3 | €9,136 | €11,354 | €15,257 | ▲ 34.4% |
| Remuneration and social security454/9 | €16,000 | €15,109 | €7,555 | ▼ 50.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,481 | €45,338 | -€27,542 | ▼ 161% |
| + Depreciation and write-downs630 | €228 | €910 | €1,269 | ▲ 39.3% |
| Operating cash flow (approximation) | €26,708 | €46,248 | -€26,273 | ▼ 157% |
| Investment in fixed assets (approximation) | - | -€5,120 | -€3,015 | ▲ 41.1% |
| Change in cash | - | - | -€28,220 | - |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
10-08
State Gazette act
Resignation: Yacoub Elias (director)Appointment: Yacoub Adrien (non-statutory director)3 facts ▸
State Gazette act
Resignation: Yacoub Elias (director)
Appointment: Yacoub Adrien (non-statutory director)3 facts ▸
- General meeting, 09-07-2026
- Director resignation, Yacoub Elias (director)
- Director appointment, Yacoub Adrien (non-statutory director)
2025
31-12
Financial
Weakest financial yearnet -€27,542
Net result drops to -€27,542, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €45,338 ▲71.2%
Operating result €53,778, net result €45,338, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Yacoub Adrien
CurrentNon-statutory director · since 10-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Zaventem · 2 establishment units since 2022
Ground area
1,068 m²
Building footprint
610 m²
Volume, LiDAR
8,176 m³
3 parcels, Brussels, Flanders · tallest building 23.6 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Rogierlaan 429, 1030 Schaarbeek
since 20222.342.222.673
Sint-Pietersplein 24, 1040 Etterbeek
since 20242.364.849.310
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772C0374/00C009 | Flanders | 545 m² | 1 · 158 m² | 9.6 m · 2 fl. |
| 21904B0432/00S002 | Brussels | 389 m² | 1 · 327 m² | 23.6 m · 7 fl. |
| 21005A0541/00C005 | Brussels | 134 m² | 1 · 125 m² | 16.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Yacoub Adrien |
|
| Yacoub Elias |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
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Of 506 companies in sector 92000 we hold annual accounts for 302. 180 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
Founded23-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
92000Gambling and betting activities
Scores and ratios are computed by Checked and are not a credit decision.