ADRAR CONSTRUCT (0884.639.802): financials and annual accounts

ADRAR CONSTRUCT

Brussels ·KBO/BCE: BE 0884.639.802

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	30,611	56,144	44,496	37,752	38,033	28,599	52,197	45,881	68,185	54,966	45,150	38,666	38,304	34,613	23,120	19,480	18,690	23,660	22,621
Fixed assets`21/28`	800	3,702	1,614	2,445	1,749	3,963	6,183	6,366	8,564	1,193	904	957	209	-	-	4,199	8,584	12,969	16,774
Tangible fixed assets`22/27`	-	2,102	814	1,645	949	3,163	5,383	5,566	7,764	393	104	157	209	-	-	4,199	8,584	12,969	16,774
Plant, machinery and equipment`23`	-	474	-	474	949	1,423	1,898	-	-	-	-	-	-	-	-	-	-	-	-
Furniture and vehicles`24`	-	1,627	814	1,171	-	1,740	3,485	5,566	7,764	393	104	157	209	-	-	4,199	8,584	12,969	16,774
Financial fixed assets`28`	800	1,600	800	800	800	800	800	800	800	800	800	800	-	-	-	-	-	-	-
Current assets`29/58`	29,811	52,442	42,882	35,307	36,284	24,636	46,014	39,515	59,620	53,773	44,246	37,709	38,095	34,613	23,120	15,280	10,105	10,691	5,847
Amounts receivable after more than one year`29`	-	-	-	-	-	-	-	-	-	-	-	-	-	265	-	12	37	-	-
Trade receivables`290`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37	-	-
Other amounts receivable`291`	-	-	-	-	-	-	-	-	-	-	-	-	-	265	-	12	-	-	-
Amounts receivable within one year`40/41`	16,050	25,112	33,751	20,346	17,968	21,565	44,768	37,754	56,981	42,548	31,552	28,224	25,868	20,166	18,534	10,740	4,835	8,047	1,071
Trade receivables`40`	13,122	21,291	30,093	18,691	17,936	-	24,795	23,958	45,504	27,769	15,523	11,950	20,522	3,474	17,951	10,740	4,825	7,477	-
Other amounts receivable`41`	2,928	3,821	3,657	1,654	32	21,565	19,973	13,796	11,478	14,778	16,029	16,274	5,346	16,693	582	-	10	569	1,071
Cash at bank and in hand`54/58`	12,027	23,461	7,500	13,330	17,330	2,174	749	1,337	2,215	11,225	10,688	9,238	11,793	13,686	3,789	4,093	5,170	2,639	4,772
Deferred charges and accrued income`490/1`	1,733	3,870	1,632	1,632	986	897	497	424	424	-	2,006	247	435	496	797	435	63	5	4
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	30,611	56,144	44,496	37,752	38,033	28,599	52,197	45,881	68,185	54,966	45,150	38,666	38,304	34,613	23,120	19,480	18,690	23,660	22,621
Equity`10/15`	30,211	53,924	18,094	34,472	32,027	22,806	42,499	33,701	52,503	51,647	44,283	38,538	37,316	34,119	11,810	11,243	8,672	9,184	2,981
Contributions`10/11`	-	18,600	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Contributions outside capital`11`	-	18,600	-	18,600	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1109/19`	-	18,600	-	18,600	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	1,860	3,720	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,624	1,336	1,275	1,115	-	-	-	-	-
Non-distributable reserves`130/1`	1,860	3,720	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,624	1,336	1,275	1,115	-	-	-	-	-
Reserves not available under the articles`1311`	1,860	3,720	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	28,351	31,604	16,234	14,012	11,567	2,346	22,039	13,241	32,043	31,187	24,059	18,602	17,440	14,404	-6,790	-7,357	-9,928	-9,416	-15,619
Amounts payable`17/49`	400	2,219	26,402	3,280	6,007	5,793	9,697	12,180	15,682	3,319	868	128	988	493	11,310	8,236	10,017	14,475	19,640
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,511	5,881	10,017	13,933
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,511	5,881	10,017	13,933
Amounts payable within one year`42/48`	400	2,219	26,402	3,280	6,007	5,793	9,697	12,180	15,682	3,319	868	128	988	493	11,310	6,725	4,137	4,458	5,707
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,707
Financial debts`43`	-	-	-	-	-	-	2,484	-	-	-	-	-	-	-	1,511	4,370	4,137	3,916	-
Credit institutions`430/8`	-	-	-	-	-	-	2,484	-	-	-	-	-	-	-	1,511	4,370	4,137	3,916	-
Trade debts`44`	190	-	1,512	561	3,822	4,237	3,794	11,309	6,991	393	868	128	988	-	775	2,345	-	542	-
Suppliers`440/4`	190	-	1,512	561	3,822	4,237	3,794	11,309	6,991	393	868	128	988	-	775	2,345	-	542	-
Taxes, remuneration and social security`45`	210	2,219	3,410	2,719	296	210	3,419	871	-	2,926	-	-	-	493	-	11	-	-	-
Taxes`450/3`	210	419	210	210	296	210	210	871	-	1,226	-	-	-	493	-	11	-	-	-
Remuneration and social security`454/9`	-	1,800	3,200	2,510	-	-	3,209	-	-	1,700	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	-	-	21,480	-	1,889	1,347	-	-	8,692	-	-	-	-	-	9,024	-	-	-	2,000
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	1,077	-	537	-	516	-	-	-	-
Gross operating margin`9900`	11,560	2,253	3,462	3,781	12,160	-17,032	11,815	-16,102	5,221	8,544	4,758	242	9,860	22,621	4,897	8,847	4,598	11,916	-7,573
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	457	357	832	832	2,214	2,219	2,555	2,198	2,198	220	52	52	52	-	4,199	4,385	4,385	4,385	4,193
Other operating charges`640/8`	281	473	349	442	643	202	207	281	1,918	876	492	79	662	637	86	930	-	348	3,131
Operating profit (loss)`9901`	10,823	1,423	2,281	2,507	9,303	-19,453	9,053	-18,582	1,104	7,448	4,214	111	9,146	21,984	611	3,532	213	7,183	-14,898
Financial income`75/76B`	-	-	-	-	-	-	-	-	-	-	1,130	1,347	332	1,240	-	-	-	6	25
Recurring financial income`75`	-	-	-	-	-	-	-	-	-	-	1,130	1,347	332	1,240	-	-	-	6	25
Financial charges`65/66B`	65	64	59	62	82	240	254	220	248	84	95	235	202	153	561	960	726	986	746
Recurring financial charges`65`	65	64	59	62	82	240	254	220	248	84	95	235	202	153	561	960	726	986	746
Profit (loss) for the period before taxes`9903`	10,758	1,359	2,222	2,445	9,221	-19,694	8,798	-18,802	856	7,364	6,326	1,223	9,813	23,070	566	2,571	-512	6,203	-15,619
Income taxes`67/77`	-	-	-	-	-	-	-	-	-	-	582	-	6,617	761	-	-	-	-	-
Profit (loss) for the period`9904`	10,758	1,359	2,222	2,445	9,221	-19,694	8,798	-18,802	856	7,364	5,744	1,223	3,196	22,310	566	2,571	-512	6,203	-15,619
Profit (loss) for the period to be appropriated`9905`	10,758	1,359	2,222	2,445	9,221	-19,694	8,798	-18,802	856	7,364	5,744	1,223	3,196	22,310	566	2,571	-512	6,203	-15,619
Appropriation of the result
Profit (loss) to be appropriated`9906`	28,351	31,604	16,234	14,012	11,567	2,346	22,039	13,241	32,043	31,423	24,346	18,663	17,600	15,519	-6,790	-7,357	-9,928	-9,416	-15,619
Profit (loss) brought forward from the previous period`14P`	17,593	30,246	14,012	11,567	2,346	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	236	287	61	160	1,115	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	236	287	61	160	1,115	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	31-08-2026	2026-00503576	PDF
31-12-2024	micro format	30-08-2025	2025-00481423	PDF
31-12-2023	micro format	30-08-2024	2024-00450382	PDF
31-12-2022	micro format	31-07-2023	2023-00303545	PDF
31-12-2021	micro format	29-08-2022	2022-20348734	PDF
31-12-2020	micro format	30-08-2021	2021-56200194	PDF
31-12-2019	micro format	30-10-2020	2020-66300114	PDF
31-12-2018	full format	30-08-2019	2019-58400230	PDF
31-12-2017	full format	30-08-2018	2018-54800172	PDF
31-12-2016	full format	30-08-2017	2017-50400310	PDF
31-12-2015	full format	03-08-2016	2016-39100488	PDF
31-12-2014	full format	03-08-2015	2015-37900025	PDF
31-12-2013	full format	25-08-2014	2014-45100406	PDF
31-12-2012	full format	30-07-2013	2013-36200041	PDF
31-12-2011	full format	24-08-2012	2012-45100239	PDF
31-12-2010	full format	05-08-2011	2011-38500119	PDF
31-12-2009	full format	13-08-2010	2010-41500037	PDF
31-12-2008	full format	06-08-2009	2009-55300094	PDF
31-12-2007	full format	22-07-2008	2008-44400135	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	11,279	1,780	3,113	3,339	11,517	-17,234	11,608	-16,383	3,303	7,668	4,266	163	9,198	-	4,811	7,917	4,598	11,568	-10,704
Cash flow	11,214	1,716	3,054	3,277	11,435	-17,474	11,354	-16,603	3,054	7,585	5,797	1,275	3,249	-	4,766	6,956	3,873	10,588	-11,425
Investment in fixed assets (approximation)	-2,445	2,445	0	1,528	0	0	2,372	0	8,700	509	0	800	261	-	0	0	0	581	20,967
Change in cash	-11,433	15,961	-5,830	-4,000	15,155	1,425	-588	-878	-9,011	538	1,450	-2,555	-1,893	9,897	-304	-1,077	2,532	-2,133	-
Working capital	29,411	50,223	16,480	32,027	30,278	18,842	36,316	27,335	43,938	50,454	43,378	37,582	37,107	34,119	11,810	8,555	5,969	6,232	141
Solvency	98.7%	96.0%	40.7%	91.3%	84.2%	79.7%	81.4%	73.5%	77.0%	94.0%	98.1%	99.7%	97.4%	98.6%	51.1%	57.7%	46.4%	38.8%	13.2%
Current ratio	74.51	23.63	1.62	10.76	6.04	4.25	4.74	3.24	3.80	16.20	51.00	-	38.54	70.17	2.04	2.27	2.44	2.40	1.02
Debt to equity	0.01	0.04	1.46	0.10	0.19	0.25	0.23	0.36	0.30	0.06	0.02	0.00	0.03	0.01	0.96	0.73	1.16	1.58	6.59
ROE	35.6%	2.5%	12.3%	7.1%	28.8%	-86.4%	20.7%	-55.8%	1.6%	14.3%	13.0%	3.2%	8.6%	65.4%	4.8%	22.9%	-5.9%	67.5%	-523.9%
ROA	35.1%	2.4%	5.0%	6.5%	24.2%	-68.9%	16.9%	-41.0%	1.3%	13.4%	12.7%	3.2%	8.3%	64.5%	2.4%	13.2%	-2.7%	26.2%	-69.0%
Interest coverage	over 100	27.80	52.54	53.85	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	-	€1,528	-
Depreciation and write-downs of the year	€457	€357	€832	€832	€2,214

ADRAR CONSTRUCT

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency98.7%

Current ratio74.51

Return on assets35.1%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on ADRAR CONSTRUCT

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