ADR77
Annual accounts 2025
micro format, filed on 11-10-2026, 72 days lateMoney flows
no detail for 2025Balance sheet
balance sheet total €37,309 on 31-12-2025in euro
Position in the sector
-1.6%
Higher than 22% of 22,939 companies in 2025.
0.98
Higher than 30% of 22,068 companies in 2025.
34.8%
Higher than 93% of 22,218 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
37,309 | 32,403 | 32,043 | 23,017 | 22,010 | 19,595 | |
21/28 |
- | - | - | 396 | 924 | 1,980 | |
22/27 |
- | - | - | 396 | 924 | 1,980 | |
24 |
- | - | - | 396 | 924 | 1,980 | |
29/58 |
37,309 | 32,403 | 32,043 | 22,621 | 21,086 | 17,615 | |
3 |
18,898 | 18,034 | 19,382 | 15,272 | 2,171 | 11,876 | |
30/36 |
18,898 | 18,034 | 19,382 | 15,272 | 2,171 | 11,876 | |
40/41 |
12,223 | 10,600 | 7,881 | 4,099 | 2,104 | 1,583 | |
40 |
2,031 | 2,449 | 2,002 | - | - | - | |
41 |
10,193 | 8,151 | 5,880 | 4,099 | 2,104 | 1,583 | |
50/53 |
- | 3,769 | - | - | - | - | |
54/58 |
6,188 | - | 4,780 | 3,250 | 16,811 | 4,156 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
37,309 | 32,403 | 32,043 | 23,017 | 22,010 | 19,595 | |
10/15 |
-612 | -13,584 | -3,233 | -6,660 | 8,922 | -21,219 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | 6,200 | 6,200 | 6,200 | - | |
100 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,507 | 1,507 | 1,507 | 1,507 | 1,507 | - | |
130/1 |
- | - | 1,507 | 1,507 | 1,507 | - | |
130 |
- | - | 1,507 | 1,507 | 1,507 | - | |
133 |
1,507 | 1,507 | - | - | - | - | |
14 |
-8,319 | -21,291 | -10,940 | -14,367 | 1,215 | -27,419 | |
17/49 |
37,921 | 45,987 | 35,276 | 29,677 | 13,088 | 40,814 | |
42/48 |
37,921 | 45,987 | 35,276 | 29,677 | 12,958 | 40,806 | |
44 |
6,232 | 7,582 | 9,808 | 6,443 | 1,036 | 23,409 | |
440/4 |
6,232 | 7,582 | 9,808 | 6,443 | 1,036 | 23,409 | |
45 |
933 | 12,763 | 12,763 | 12,477 | 346 | 3,912 | |
450/3 |
933 | 763 | 763 | 477 | 346 | - | |
454/9 |
- | 12,000 | 12,000 | 12,000 | - | 3,912 | |
47/48 |
30,757 | 25,641 | 12,705 | 10,757 | 11,575 | 13,484 | |
492/3 |
- | - | - | - | 131 | 8 | |
| Income statement | |||||||
70 |
- | - | - | 204,983 | - | - | |
9900 |
17,887 | -6,982 | 15,461 | -11,997 | 9,687 | -18,916 | |
60/61 |
- | - | - | 216,979 | - | - | |
62 |
- | - | - | - | - | 3,732 | |
630 |
- | - | 396 | 528 | 528 | 132 | |
640/8 |
125 | 575 | 282 | 259 | 352 | 325 | |
9901 |
17,762 | -7,557 | 14,783 | -12,784 | 8,807 | -23,105 | |
75/76B |
0 | - | - | - | - | - | |
75 |
0 | - | - | - | - | - | |
65/66B |
3,716 | 2,793 | 11,333 | 2,798 | 2,726 | 4,314 | |
65 |
3,716 | 2,793 | 11,333 | 2,798 | 2,726 | 4,314 | |
9903 |
14,047 | -10,350 | 3,450 | -15,582 | 6,081 | -27,419 | |
67/77 |
1,075 | - | 23 | - | 346 | - | |
9904 |
12,972 | -10,350 | 3,426 | -15,582 | 5,735 | -27,419 | |
9905 |
12,972 | -10,350 | 3,426 | -15,582 | 5,735 | -27,419 | |
| Appropriation of the result | |||||||
9906 |
-8,319 | -21,291 | -10,940 | -14,367 | 1,502 | -27,419 | |
14P |
-21,291 | -10,940 | -14,367 | 1,215 | -4,233 | - | |
691/2 |
- | - | - | - | 287 | - | |
6920 |
- | - | - | - | 287 | - | |
| Document | |||||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 11-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 72 days after the deadline. Filed on 11 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00561851.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-10-2026 | 2026-00561851 | |
| 31-12-2024 | micro format | 01-12-2025 | 2025-00578023 | |
| 31-12-2023 | micro format | 16-06-2025 | 2025-00154874 | |
| 31-12-2022 | micro format | 28-12-2023 | 2023-00538473 | |
| 31-12-2021 | full format | 18-11-2022 | 2022-20522395 | |
| 31-12-2019 | full format | 29-09-2020 | 2020-57000216 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|---|---|---|
| - | - | 15,179 | -12,256 | 9,335 | -22,973 | ||
| - | - | 3,822 | -15,054 | 6,263 | -27,287 | ||
| - | - | 0 | 0 | - | 2,112 | ||
| - | - | 1,530 | -13,561 | - | - | ||
| -612 | -13,584 | -3,233 | -7,056 | 8,129 | -23,191 | ||
| - | - | - | -6.2% | - | - | ||
| -1.6% | -41.9% | -10.1% | -28.9% | 40.5% | -108.3% | ||
| 0.98 | 0.70 | 0.91 | 0.76 | 1.63 | 0.43 | ||
| 0.49 | 0.31 | 0.36 | 0.25 | 1.46 | 0.14 | ||
| - | - | - | - | 1.47 | - | ||
| - | - | - | - | 64.3% | - | ||
| 34.8% | -31.9% | 10.7% | -67.7% | 26.1% | -139.9% | ||
| - | - | 1.34 | -4.38 | 3.42 | - | ||
| - | - | - | 7 days | - | - | ||
| - | - | - | 11 days | - | - |
The equity ratios are withheld because equity of -€612 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on ADR77
The operating result for 2025 is a profit of €17,762, after a loss of €7,557 in 2024. It is the highest result since 2019.
Equity is negative. Debt (€37,921) exceeds the balance-sheet total (€37,309).