ADRAMAT
ActiveSummary
ADRAMAT has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €171,487 and a net result of €41,541. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 18935 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability59▲+53
Solvency48▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.54 in 2023; short-term debt: 57.5% and cash: 12.5% of total assets), and 77.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
not confirmed
2024
71 d late
2023
68 d late
2022
71 d late
2021
145 d late
2020
88 d late
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 77 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€41,541
2023 · -€63,247
Working capital
€164,992▼ 2.2%
2023 · €168,619
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€39,617€178,515€73,043▼ 59.1%-€50,524€43,839
Net result-€37,798below the sector's middle half€153,778above the sector's middle half€46,946above the sector's middle half▼ 69.5%-€63,247below the sector's middle half€41,541above the sector's middle half
Equity-€7,531within the sector's middle half€146,247above the sector's middle half€193,193above the sector's middle half▲ 32.1%€129,945above the sector's middle half▼ 32.7%€171,487above the sector's middle half▲ 32.0%
Total assets€458,014within the sector's middle half▼ 50.7%€616,489above the sector's middle half▲ 34.6%€644,372above the sector's middle half▲ 4.5%€622,377above the sector's middle half▼ 3.4%€748,644above the sector's middle half▲ 20.3%
Debt€465,545▼ 48.2%€470,242▲ 1.0%€451,179▼ 4.1%€492,432▲ 9.1%€577,157▲ 17.2%
Working capital€184,682above the sector's middle half▲ 12.2%€194,043above the sector's middle half▲ 5.1%€224,117above the sector's middle half▲ 15.5%€168,619above the sector's middle half▼ 24.8%€164,992above the sector's middle half▼ 2.2%
Solvency-1.6%within the sector's middle half▼ 4.9pp23.7%within the sector's middle half▲ 25.4pp30.0%within the sector's middle half▲ 6.3pp20.9%within the sector's middle half▼ 9.1pp22.9%within the sector's middle half▲ 2.0pp
Current ratio1.95within the sector's middle half▲ 0.701.80within the sector's middle half▼ 0.151.86within the sector's middle half▲ 0.061.54within the sector's middle half▼ 0.321.38within the sector's middle half▼ 0.16
Return on assets (ROA)-8.3%within the sector's middle half▼ 8.8pp24.9%above the sector's middle half▲ 33.2pp7.3%within the sector's middle half▼ 17.7pp-10.2%below the sector's middle half▼ 17.4pp5.5%within the sector's middle half▲ 15.7pp
Staff (FTE)2.8within the sector's middle half▼ 9.7%5.3▲ 89.3%4.5▼ 15.1%3.8▼ 15.6%2.8▼ 26.3%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €43,839 after a loss of €50,524 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €748,644
Fixed assets
€152,986 ▲ 8.2%
Current assets
€595,658 ▲ 23.8%
Equity and liabilities €748,644
Equity
€171,487 ▲ 32.0%
Debt
€577,157 ▲ 17.2%
Debt's share of the balance-sheet total falls from 79.1% to 77.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,124▲
2023 · -€12,834
Cash flow
€65,826▲
2023 · -€25,558
Debt to equity
3.37▼
2023 · 3.79
ROE
24.2%▲
2023 · -48.7%
Interest coverage
4.03▲
2023 · -0.85
Debt ≤ 1 year
€430,666▲
2023 · €312,415
Debt > 1 year
€146,491▼
2023 · €180,017
Staff costs
€150,743▲
2023 · €122,797
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,818 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €19,430 | - |
| Remuneration, social security and pensions62 | - | €30,791 | €93,133 | €122,797 | €150,743 | ▲ 22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,929 | €35,476 | €38,462 | €37,690 | €24,285 | ▼ 35.6% |
| Other operating charges640/8 | - | €3,737 | €2,727 | €1,440 | €947 | ▼ 34.2% |
| Non-recurring operating charges66A | - | €1,500 | - | - | - | - |
| Gross operating margin9900 | €59,266 | €250,018 | €207,365 | €111,404 | €219,814 | ▲ 97.3% |
| Operating profit (loss)9901 | -€39,617 | €178,515 | €73,043 | -€50,524 | €43,839 | ▲ 187% |
| Financial income75/76B | - | €3,474 | €4,031 | €2,481 | €14,601 | ▲ 489% |
| Recurring financial income75 | €5,305 | €3,474 | €4,031 | €2,481 | €14,601 | ▲ 489% |
| Financial charges65/66B | - | €6,030 | €11,413 | €15,040 | €16,899 | ▲ 12.4% |
| Recurring financial charges65 | €4,952 | €6,030 | €11,413 | €15,040 | €16,899 | ▲ 12.4% |
| Profit (loss) for the period before taxes9903 | -€39,264 | €175,960 | €65,661 | -€63,083 | €41,541 | ▲ 166% |
| Income taxes67/77 | -€1,466 | €22,182 | €18,715 | €164 | - | - |
| Profit (loss) for the period9904 | -€37,798 | €153,778 | €46,946 | -€63,247 | €41,541 | ▲ 166% |
| Profit (loss) for the period to be appropriated9905 | -€37,798 | €153,778 | €46,946 | -€63,247 | €41,541 | ▲ 166% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €458,014 | €616,489 | €644,372 | €622,377 | €748,644 | ▲ 20.3% |
| Fixed assets21/28 | €79,120 | €179,337 | €160,282 | €141,343 | €152,986 | ▲ 8.2% |
| Tangible fixed assets22/27 | €78,273 | €178,489 | €159,434 | €140,496 | €152,139 | ▲ 8.3% |
| Plant, machinery and equipment23 | - | €129,610 | €132,284 | €128,796 | €127,493 | ▼ 1.0% |
| Furniture and vehicles24 | - | €48,880 | €27,150 | €11,700 | €24,646 | ▲ 111% |
| Financial fixed assets28 | €848 | €848 | €848 | €848 | €848 | = |
| Current assets29/58 | €378,894 | €437,152 | €484,091 | €481,034 | €595,658 | ▲ 23.8% |
| Amounts receivable within one year40/41 | €341,948 | €383,438 | €456,539 | €447,122 | €496,331 | ▲ 11.0% |
| Trade receivables40 | - | €20,841 | €93,610 | €62,951 | €41,224 | ▼ 34.5% |
| Other amounts receivable41 | - | €362,597 | €362,929 | €384,172 | €455,108 | ▲ 18.5% |
| Cash at bank and in hand54/58 | €35,037 | €51,358 | €26,421 | €31,085 | €93,514 | ▲ 201% |
| Deferred charges and accrued income490/1 | - | €2,356 | €1,131 | €2,827 | €5,812 | ▲ 106% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €458,014 | €616,489 | €644,372 | €622,377 | €748,644 | ▲ 20.3% |
| Equity10/15 | -€7,531 | €146,247 | €193,193 | €129,945 | €171,487 | ▲ 32.0% |
| Contributions10/11 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €6,362 | €6,362 | €6,362 | €6,362 | €6,362 | = |
| Non-distributable reserves130/1 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves not available under the articles1311 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | - | €165 | €165 | €165 | €165 | = |
| Profit (loss) carried forward14 | -€75,867 | €77,911 | €124,857 | €61,610 | €103,151 | ▲ 67.4% |
| Amounts payable17/49 | €465,545 | €470,242 | €451,179 | €492,432 | €577,157 | ▲ 17.2% |
| Amounts payable after more than one year17 | €271,333 | €227,133 | €191,206 | €180,017 | €146,491 | ▼ 18.6% |
| Financial debts170/4 | - | €159,452 | €132,656 | €105,297 | €77,409 | ▼ 26.5% |
| Other amounts payable178/9 | - | €67,681 | €58,550 | €74,720 | €69,082 | ▼ 7.5% |
| Amounts payable within one year42/48 | €194,212 | €243,109 | €259,973 | €312,415 | €430,666 | ▲ 37.9% |
| Current portion of amounts payable after more than one year42 | - | €36,655 | €27,517 | €27,359 | €28,874 | ▲ 5.5% |
| Trade debts44 | €6,380 | €10,038 | €19,591 | €516 | €68,229 | ▲ 13,125% |
| Suppliers440/4 | - | €10,038 | €19,591 | €516 | €68,229 | ▲ 13,125% |
| Taxes, remuneration and social security45 | - | €32,406 | €75,675 | €58,933 | €46,337 | ▼ 21.4% |
| Taxes450/3 | - | €29,058 | €56,856 | €39,641 | €26,945 | ▼ 32.0% |
| Remuneration and social security454/9 | - | €3,349 | €18,819 | €19,292 | €19,392 | ▲ 0.5% |
| Other amounts payable47/48 | - | €164,009 | €137,190 | €225,607 | €287,227 | ▲ 27.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€37,798 | €153,778 | €46,946 | -€63,247 | €41,541 | ▲ 166% |
| + Depreciation and write-downs630 | €42,929 | €35,476 | €38,462 | €37,690 | €24,285 | ▼ 35.6% |
| Operating cash flow (approximation) | €5,130 | €189,253 | €85,408 | -€25,558 | €65,826 | ▲ 358% |
| Investment in fixed assets (approximation) | - | -€135,692 | -€19,407 | -€18,752 | -€35,927 | ▼ 91.6% |
| Change in cash | - | €16,321 | -€24,937 | €4,664 | €62,430 | ▲ 1,239% |
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Back to profitnet €41,541
Net result €41,541 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €171,487 ▲32%
Equity rises from €129,945 to €171,487.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet -€63,247
Net result drops to -€63,247, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-12
Financial
Equity above €150,000Eq €193,193 ▲32.1%
2 profitable years in a row build equity to €193,193.
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 145 days late
2021
31-12
Financial
Back to profitnet €153,778
Net result €153,778 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €146,247
Equity rises from -€7,531 to €146,247.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
Show earlier events
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 385 days late
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 65 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 219 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ittre · 1 establishment unit since 1997
Ground area
1,751 m²
Building footprint
104 m²
Parcel 25044B0435/00E000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Le Palais de Plume
since 19972.177.181.529
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25044B0435/00E000 | Wallonia | 1,751 m² | 1 · 104 m² | - |
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
Food safety, FASFC
1 siteIttre2.177.181.529
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Of 7,499 companies in sector 56210 we hold annual accounts for 2,451. 1,815 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-07-1968
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0406379322
Also
9925:BE0406379322
Registered
22-01-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.