ADRI MANAGEMENT
ActiveSummary
ADRI MANAGEMENT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €386,664 and a net result of €103,786. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+2
Solvency92▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.17 in 2024; short-term debt: 27.7% and cash: 2% of total assets), and 33.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.8%
Return on assets
17.9%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 7 filingsDeviation from the deadline
2025
24 d late
2024
16 d early
2023
on the day
2022
21 d late
2021
31 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€103,786▲ 8.6%
2024 · €95,529
Working capital
-€122,542▼ 14.1%
2024 · -€107,430
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€67,763▲ 148%€37,499▼ 44.7%€83,701▲ 123%€131,432▲ 57.0%€118,058▼ 10.2%
Net result€62,681within the sector's middle half▲ 91.0%€34,639within the sector's middle half▼ 44.7%€105,469within the sector's middle half▲ 204%€95,529within the sector's middle half▼ 9.4%€103,786within the sector's middle half▲ 8.6%
Equity€198,041within the sector's middle half▲ 45.4%€231,880within the sector's middle half▲ 17.1%€287,349within the sector's middle half▲ 23.9%€342,879within the sector's middle half▲ 19.3%€386,664within the sector's middle half▲ 12.8%
Total assets€614,645within the sector's middle half▲ 6.5%€547,523within the sector's middle half▼ 10.9%€568,343within the sector's middle half▲ 3.8%€577,366within the sector's middle half▲ 1.6%€578,978within the sector's middle half▲ 0.3%
Debt€416,603▼ 5.5%€315,643▼ 24.2%€280,993▼ 11.0%€234,488▼ 16.6%€192,314▼ 18.0%
Working capital-€8,834▲ 25.9%-€85,083▼ 863%-€73,591▲ 13.5%-€107,430▼ 46.0%-€122,542▼ 14.1%
Solvency32.2%within the sector's middle half▲ 8.6pp42.4%within the sector's middle half▲ 10.1pp50.6%within the sector's middle half▲ 8.2pp59.4%within the sector's middle half▲ 8.8pp66.8%within the sector's middle half▲ 7.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €578,978
Fixed assets
€541,430 ▼ 2.4%
Current assets
€37,549 ▲ 66.9%
Equity and liabilities €578,978
Equity
€386,664 ▲ 12.8%
Debt
€192,314 ▼ 18.0%
Debt's share of the balance-sheet total falls from 40.6% to 33.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€131,495▼
2024 · €143,750
Cash flow
€117,223▲
2024 · €107,847
Current ratio
0.23▲
2024 · 0.17
Debt to equity
0.50▼
2024 · 0.68
ROE
26.8%▼
2024 · 27.9%
ROA
17.9%▲
2024 · 16.5%
Interest coverage
34.51▲
2024 · 30.93
Debt ≤ 1 year
€160,091▲
2024 · €129,930
Debt > 1 year
€32,224▼
2024 · €104,308
Income taxes
€31,124▼
2024 · €31,256
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,485 | €9,832 | €9,832 | €12,317 | €13,437 | ▲ 9.1% |
| Other operating charges640/8 | €4,325 | €2,396 | €2,557 | €677 | €1,349 | ▲ 99.4% |
| Non-recurring operating charges66A | €130 | - | - | - | - | - |
| Gross operating margin9900 | €80,704 | €49,727 | €96,090 | €144,426 | €132,844 | ▼ 8.0% |
| Operating profit (loss)9901 | €67,763 | €37,499 | €83,701 | €131,432 | €118,058 | ▼ 10.2% |
| Financial income75/76B | €19,992 | €19,992 | €50,278 | - | €20,662 | - |
| Recurring financial income75 | €19,992 | €19,992 | €50,278 | - | €20,662 | - |
| Financial charges65/66B | €5,723 | €3,099 | €2,392 | €4,647 | €3,811 | ▼ 18.0% |
| Recurring financial charges65 | €5,723 | €3,099 | €2,392 | €4,647 | €3,811 | ▼ 18.0% |
| Profit (loss) for the period before taxes9903 | €82,032 | €54,392 | €131,587 | €126,785 | €134,909 | ▲ 6.4% |
| Income taxes67/77 | €19,350 | €19,754 | €26,118 | €31,256 | €31,124 | ▼ 0.4% |
| Profit (loss) for the period9904 | €62,681 | €34,639 | €105,469 | €95,529 | €103,786 | ▲ 8.6% |
| Profit (loss) for the period to be appropriated9905 | €62,681 | €34,639 | €105,469 | €95,529 | €103,786 | ▲ 8.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €614,645 | €547,523 | €568,343 | €577,366 | €578,978 | ▲ 0.3% |
| Fixed assets21/28 | €521,015 | €511,182 | €501,350 | €554,866 | €541,430 | ▼ 2.4% |
| Tangible fixed assets22/27 | €21,015 | €11,182 | €1,350 | €54,866 | €41,430 | ▼ 24.5% |
| Furniture and vehicles24 | €21,015 | €11,182 | €1,350 | €54,866 | €41,430 | ▼ 24.5% |
| Financial fixed assets28 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Current assets29/58 | €93,630 | €36,341 | €66,993 | €22,500 | €37,549 | ▲ 66.9% |
| Amounts receivable within one year40/41 | €55,290 | €18,905 | €40,784 | €1,054 | €22,970 | ▲ 2,078% |
| Trade receivables40 | €54,285 | €17,900 | €1,127 | - | - | - |
| Other amounts receivable41 | €1,005 | €1,005 | €39,657 | €1,054 | €22,970 | ▲ 2,078% |
| Cash at bank and in hand54/58 | €36,983 | €16,034 | €23,414 | €16,762 | €11,410 | ▼ 31.9% |
| Deferred charges and accrued income490/1 | €1,357 | €1,401 | €2,796 | €4,684 | €3,168 | ▼ 32.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €614,645 | €547,523 | €568,343 | €577,366 | €578,978 | ▲ 0.3% |
| Equity10/15 | €198,041 | €231,880 | €287,349 | €342,879 | €386,664 | ▲ 12.8% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €163,010 | €206,880 | €262,349 | €317,879 | €361,664 | ▲ 13.8% |
| Non-distributable reserves130/1 | €2,500 | €2,500 | - | - | - | - |
| Reserves not available under the articles1311 | €2,500 | €2,500 | - | - | - | - |
| Distributable reserves133 | €160,510 | €204,380 | €262,349 | €317,879 | €361,664 | ▲ 13.8% |
| Profit (loss) carried forward14 | €10,031 | - | - | - | - | - |
| Amounts payable17/49 | €416,603 | €315,643 | €280,993 | €234,488 | €192,314 | ▼ 18.0% |
| Amounts payable after more than one year17 | €313,889 | €193,719 | €140,410 | €104,308 | €32,224 | ▼ 69.1% |
| Financial debts170/4 | €313,889 | €193,719 | €140,410 | €104,308 | €32,224 | ▼ 69.1% |
| Amounts payable within one year42/48 | €102,464 | €121,424 | €140,584 | €129,930 | €160,091 | ▲ 23.2% |
| Current portion of amounts payable after more than one year42 | €59,426 | €75,938 | €68,309 | €80,554 | €72,084 | ▼ 10.5% |
| Trade debts44 | €3,619 | €2,933 | €2,094 | €20,136 | €1,529 | ▼ 92.4% |
| Suppliers440/4 | €3,619 | €2,933 | €2,094 | €20,136 | €1,529 | ▼ 92.4% |
| Taxes, remuneration and social security45 | €25,891 | €33,430 | €18,846 | €15,840 | €25,123 | ▲ 58.6% |
| Taxes450/3 | €24,571 | €33,430 | €17,571 | €15,840 | €24,367 | ▲ 53.8% |
| Remuneration and social security454/9 | €1,320 | - | €1,275 | - | €756 | - |
| Other amounts payable47/48 | €13,528 | €9,123 | €51,334 | €13,400 | €61,354 | ▲ 358% |
| Accrued charges and deferred income492/3 | €250 | €500 | - | €250 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,681 | €34,639 | €105,469 | €95,529 | €103,786 | ▲ 8.6% |
| + Depreciation and write-downs630 | €8,485 | €9,832 | €9,832 | €12,317 | €13,437 | ▲ 9.1% |
| Operating cash flow (approximation) | €71,167 | €44,471 | €115,302 | €107,847 | €117,223 | ▲ 8.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€65,834 | €0 | ▲ 100% |
| Change in cash | - | -€20,949 | €7,379 | -€6,652 | -€5,351 | ▲ 19.6% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2019net €105,469 ▲204%
Net result €105,469, the highest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
31-12
Financial
Equity above €200,000Eq €231,880 ▲17.1%
4 profitable years in a row build equity to €231,880.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150,000Eq €198,041 ▲45.4%
3 profitable years in a row build equity to €198,041.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €32,813 ▼59%
Net result drops to €32,813, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Herve · 1 establishment unit since 2018
Ground area
1,250 m²
Building footprint
203 m²
Parcel 63085A0129/00R000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des deux Tilleuls 38, 4652 Herve
since 20182.279.120.314
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63085A0129/00R000 | Wallonia | 1,250 m² | 1 · 203 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
33.33%
-
33.33%
According to the 2025 annual accounts of ADRI MANAGEMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
CALDAMO
BE 0878.601.947
Lint · Eq €386,707
JABO INVEST
BE 0865.503.482
Lommel · Eq €386,530
NOTARKAD
BE 0746.545.751
Zwevegem · Eq €386,495
LINNAEUS
BE 0439.934.095
Lochristi · Eq €386,841
4MAT Consulting
BE 0839.443.740
Antwerpen · Eq €386,481
Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 36,611 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
Founded29-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0696879969
Also
9925:BE0696879969
Registered
24-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.