ADRINA
ActiveSummary
ADRINA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €66,901 and a net result of €51,881. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+65
Solvency39▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 5.93 in 2023; short-term debt: 59.5% and cash: 13.7% of total assets), but 85.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2024Solvency, return and age of the figures
Solvency
14.2%
Return on assets
11%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
42 d early
2024
41 d late
2023
26 d early
2022
34 d early
2021
39 d early
2020
31 d late
2019
25 d late
← 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 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 27 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 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 check 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 2024, micro schema
Turnover
€0
Total assets
€472,300▲ 167%
2023 · €176,585
Net result
€51,881
2023 · -€34,417
Working capital
€191,071▲ 30.2%
2023 · €146,804
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Turnover€0
Operating result€56,499▲ 10.2%-€3,377-€7,706▼ 128%-€33,904▼ 340%€79,717
Net result€35,406above the sector's middle half▲ 4.0%-€2,555within the sector's middle half-€5,034within the sector's middle half▼ 97.1%-€34,417below the sector's middle half▼ 584%€51,881above the sector's middle half
Equity€57,026within the sector's middle half▲ 164%€54,471within the sector's middle half▼ 4.5%€49,437within the sector's middle half▼ 9.2%€15,020within the sector's middle half▼ 69.6%€66,901within the sector's middle half▲ 345%
Total assets€225,781within the sector's middle half▼ 64.5%€88,963below the sector's middle half▼ 60.6%€70,881below the sector's middle half▼ 20.3%€176,585within the sector's middle half▲ 149%€472,300within the sector's middle half▲ 167%
Debt€168,755▼ 72.6%€34,492▼ 79.6%€21,444▼ 37.8%€161,565▲ 653%€405,399▲ 151%
Working capital€57,513within the sector's middle half▲ 166%€54,471within the sector's middle half▼ 5.3%€49,437within the sector's middle half▼ 9.2%€146,804above the sector's middle half▲ 197%€191,071above the sector's middle half▲ 30.2%
Solvency25.3%within the sector's middle half▲ 21.9pp61.2%within the sector's middle half▲ 36.0pp69.7%above the sector's middle half▲ 8.5pp8.5%within the sector's middle half▼ 61.2pp14.2%within the sector's middle half▲ 5.7pp
Current ratio1.34within the sector's middle half▲ 0.312.58within the sector's middle half▲ 1.243.31above the sector's middle half▲ 0.735.93above the sector's middle half▲ 2.621.68within the sector's middle half▼ 4.25
Return on assets (ROA)15.7%above the sector's middle half▲ 10.3pp-2.9%below the sector's middle half▼ 18.6pp-7.1%below the sector's middle half▼ 4.2pp-19.5%below the sector's middle half▼ 12.4pp11.0%above the sector's middle half▲ 30.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €79,717 after a loss of €33,904 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €472,300
Equity
€66,901 ▲ 345%
Debt
€405,399 ▲ 151%
Debt's share of the balance-sheet total falls from 91.5% to 85.8%. Equity and debt are higher.
Key figures and ratios
Quick ratio
1.09▲
2023 · 0.41
Debt to equity
6.06▼
2023 · 10.76
ROE
77.5%▲
2023 · -229.1%
Debt ≤ 1 year
€281,229▲
2023 · €29,780
Debt > 1 year
€124,170▼
2023 · €131,390
Income taxes
€19,968
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,684 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
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 0.4% 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 2,684 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | €0 | - | - |
| Other operating charges640/8 | - | €0 | - | €24 | - | - |
| Gross operating margin9900 | €58,581 | -€3,377 | -€7,706 | -€33,880 | €79,717 | ▲ 335% |
| Operating profit (loss)9901 | €56,499 | -€3,377 | -€7,706 | -€33,904 | €79,717 | ▲ 335% |
| Financial income75/76B | - | €836 | €2,806 | €1,825 | €1,529 | ▼ 16.2% |
| Recurring financial income75 | €20 | €836 | €2,806 | €1,825 | €1,529 | ▼ 16.2% |
| Financial charges65/66B | - | €68 | €134 | €2,338 | €9,397 | ▲ 302% |
| Recurring financial charges65 | €7,969 | €68 | €134 | €2,338 | €9,397 | ▲ 302% |
| Profit (loss) for the period before taxes9903 | €48,550 | -€2,609 | -€5,034 | -€34,417 | €71,849 | ▲ 309% |
| Income taxes67/77 | €13,144 | -€54 | - | - | €19,968 | - |
| Profit (loss) for the period9904 | €35,406 | -€2,555 | -€5,034 | -€34,417 | €51,881 | ▲ 251% |
| Profit (loss) for the period to be appropriated9905 | €35,406 | -€2,555 | -€5,034 | -€34,417 | €51,881 | ▲ 251% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €225,781 | €88,963 | €70,881 | €176,585 | €472,300 | ▲ 167% |
| Formation expenses20 | €0 | €0 | €0 | €0 | - | - |
| Current assets29/58 | €225,781 | €88,963 | €70,881 | €176,585 | €472,300 | ▲ 167% |
| Stocks and contracts in progress3 | €0 | - | - | €164,416 | €164,416 | = |
| Stocks30/36 | - | - | - | €164,416 | €164,416 | = |
| Amounts receivable within one year40/41 | €0 | €22,439 | €60,269 | €11,574 | €241,571 | ▲ 1,987% |
| Trade receivables40 | - | - | - | - | €162,689 | - |
| Other amounts receivable41 | - | €22,439 | €60,269 | €11,574 | €78,882 | ▲ 582% |
| Cash at bank and in hand54/58 | €225,570 | €65,102 | €10,612 | €594 | €64,651 | ▲ 10,779% |
| Deferred charges and accrued income490/1 | - | €1,422 | €0 | - | €1,662 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €225,781 | €88,963 | €70,881 | €176,585 | €472,300 | ▲ 167% |
| Equity10/15 | €57,026 | €54,471 | €49,437 | €15,020 | €66,901 | ▲ 345% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Own shares acquired1312 | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €48,966 | €46,411 | €41,377 | €6,960 | €58,841 | ▲ 745% |
| Amounts payable17/49 | €168,755 | €34,492 | €21,444 | €161,565 | €405,399 | ▲ 151% |
| Amounts payable after more than one year17 | - | - | - | €131,390 | €124,170 | ▼ 5.5% |
| Financial debts170/4 | - | - | - | €131,390 | €124,170 | ▼ 5.5% |
| Amounts payable within one year42/48 | €168,268 | €34,492 | €21,444 | €29,780 | €281,229 | ▲ 844% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,924 | €7,220 | ▲ 4.3% |
| Trade debts44 | €26,985 | €16,822 | €16,898 | €0 | €254,041 | - |
| Suppliers440/4 | - | €16,822 | €16,898 | €0 | €254,041 | - |
| Taxes, remuneration and social security45 | - | €13,446 | €0 | - | €19,968 | - |
| Taxes450/3 | - | €13,446 | €0 | - | €19,968 | - |
| Other amounts payable47/48 | - | €4,223 | €4,547 | €22,857 | - | - |
| Accrued charges and deferred income492/3 | - | €0 | - | €394 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,406 | -€2,555 | -€5,034 | -€34,417 | €51,881 | ▲ 251% |
| Operating cash flow (approximation) | €35,406 | -€2,555 | -€5,034 | -€34,417 | €51,881 | ▲ 251% |
| Change in cash | - | -€160,468 | -€54,490 | -€10,018 | €64,057 | ▲ 739% |
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
11-09
State Gazette act
Resignations: Ibtissam TAHID (director) and Adrien GUERRERO Y RODRIGUEZ (director)Appointment: Imvutudi NGINAMAU (sole director)4 facts ▸
State Gazette act
Resignations: Ibtissam TAHID (director) and Adrien GUERRERO Y RODRIGUEZ (director)
Appointment: Imvutudi NGINAMAU (sole director)4 facts ▸
- General meeting, 31-08-2026
- Director resignation, Ibtissam TAHID (director)
- Director resignation, Adrien GUERRERO Y RODRIGUEZ (director)
- Director appointment, Imvutudi NGINAMAU (sole director)
19-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-12
Financial
Back to profitnet €51,881
Net result €51,881 after 3 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€34,417
Net result drops to -€34,417, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Back to profitnet €34,033
Net result €34,033 after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not 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
1 director, last change in 2026
Imvutudi NGINAMAU
CurrentSole director · since 31-08-2026
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
8 of this company's 9 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, Saint-Georges-sur-Meuse · 1 establishment unit since 2017
Ground area
214 m²
Building footprint
174 m²
Volume, LiDAR
1,400 m³
Parcel 64065A0874/00V000, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
ADRINA
since 20172.263.951.294
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065A0874/00V000 | Wallonia | 214 m² | 1 · 173 m² | 11.5 m · 3 fl. |
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.
Mandate history
3 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Imvutudi NGINAMAU |
|
| GUERRERO Y RODRIGUEZ Adrien |
|
| Ibtissam TAHID |
|
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
Click a node to look further, drag to arrange, scroll to zoom.
Similar companies · same sector, comparable size
Comptoir Technique d’Assurances
BE 0724.919.107
Huy · Eq €66,879
Yanco Invest
BE 0891.562.137
Sint-Truiden · Eq €66,856
MABE MAATWERK
BE 0534.613.421
Kapellen · Eq €66,856
MARRES PROVAST
BE 0897.227.036
Lanaken · Eq €67,017
REALMART
BE 0897.777.758
Hasselt · Eq €66,679
Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,471 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
Founded07-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43230Insulation installation
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46720Wholesale of motor vehicle parts and accessories
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0673982526
Registered
20-11-2020
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.