ADRIVAL
Open bankruptcyFinancials · financial year 2025, micro format
Turnover
≈ €410,000
Estimated: probably between €350,000 and €500,000
EBIT margin
Not included in this filing
Net result
€34,623▲ 14.1%
2024 · €30,340
Working capital
-€266,140▲ 19.4%
2024 · -€330,250
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €40,158 after a loss of €23,489 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€40,158
2025
Net result€34,623
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€305,536
2025
Equity-€141,281
2025
Debt€446,816
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€266,140
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)11.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-46.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.39
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)3.9
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€216,442--€49,923-€104,785▼ 110%-€73,560▲ 29.8%-€95,480▼ 29.8%-€23,489▲ 75.4%€40,158
Net result-€56,390--€55,869below the sector's middle half▲ 0.9%-€95,673below the sector's middle half▼ 71.2%-€66,929below the sector's middle half▲ 30.0%-€92,308below the sector's middle half▼ 37.9%€30,340above the sector's middle half€34,623above the sector's middle half▲ 14.1%
Equity€124,388-€48,666within the sector's middle half▼ 60.9%-€47,007below the sector's middle half-€113,936below the sector's middle half▼ 142%-€206,244below the sector's middle half▼ 81.0%-€175,904below the sector's middle half▲ 14.7%-€141,281below the sector's middle half▲ 19.7%
Total assets€412,289-€310,278within the sector's middle half▼ 24.7%€218,971within the sector's middle half▼ 29.4%€163,660within the sector's middle half▼ 25.3%€241,381within the sector's middle half▲ 47.5%€277,798above the sector's middle half▲ 15.1%€305,536above the sector's middle half▲ 10.0%
Debt€207,266-€189,072▼ 8.8%€197,484▲ 4.4%€215,897▲ 9.3%€389,347▲ 80.3%€453,702▲ 16.5%€446,816▼ 1.5%
Working capital-€9,977--€44,400within the sector's middle half▼ 345%-€127,301below the sector's middle half▼ 187%-€180,225below the sector's middle half▼ 41.6%-€330,227below the sector's middle half▼ 83.2%-€330,250below the sector's middle half=-€266,140below the sector's middle half▲ 19.4%
Solvency30.2%-15.7%within the sector's middle half▼ 14.5pp-21.5%below the sector's middle half▼ 37.2pp-69.6%below the sector's middle half▼ 48.2pp-85.4%below the sector's middle half▼ 15.8pp-63.3%below the sector's middle half▲ 22.1pp-46.2%below the sector's middle half▲ 17.1pp
Current ratio0.95-0.76within the sector's middle half▼ 0.190.36below the sector's middle half▼ 0.410.17below the sector's middle half▼ 0.190.12below the sector's middle half▼ 0.040.25below the sector's middle half▲ 0.130.39below the sector's middle half▲ 0.14
Return on assets (ROA)-13.7%--18.0%below the sector's middle half▼ 4.3pp-43.7%below the sector's middle half▼ 25.7pp-40.9%below the sector's middle half▲ 2.8pp-38.2%below the sector's middle half▲ 2.7pp10.9%within the sector's middle half▲ 49.2pp11.3%within the sector's middle half▲ 0.4pp
Staff (FTE)3.43.9▲ 14.7%
above
within
below
the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €305,536
Fixed assets
€136,859 ▼ 17.7%
Current assets
€168,676 ▲ 51.3%
Equity and liabilities
Equity-€141,281
Debt€446,816
Equity is negative: debt (€446,816) exceeds the balance-sheet total (€305,536).
Key figures and ratios
EBITDA
€75,044▲
2024 · €10,644
Cash flow
€69,510▲
2024 · €64,473
Quick ratio
0.38▲
2024 · 0.24
Interest coverage
13.51▲
2024 · 2.39
Debt ≤ 1 year
€434,816▼
2024 · €441,702
Debt > 1 year
€12,000=
2024 · €12,000
Staff costs
€66,971▼
2024 · €114,553
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €114,553 | €66,971 | ▼ 41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €23,900 | €24,330 | €24,770 | €29,770 | €34,133 | €34,887 | ▲ 2.2% |
| Other operating charges640/8 | - | - | - | €8,884 | €2,311 | €5,050 | - | - |
| Gross operating margin9900 | €285,185 | -€30,039 | -€71,296 | -€39,907 | -€63,399 | €130,247 | €142,016 | ▲ 9.0% |
| Operating profit (loss)9901 | €216,442 | -€49,923 | -€104,785 | -€73,560 | -€95,480 | -€23,489 | €40,158 | - |
| Financial income75/76B | - | - | - | €19 | €19 | - | €19 | - |
| Recurring financial income75 | - | €1 | €22 | €19 | €19 | - | €19 | - |
| Financial charges65/66B | - | - | - | €183 | €268 | €4,449 | €5,553 | ▲ 24.8% |
| Recurring financial charges65 | €231 | €4,649 | €1,525 | €183 | €268 | €4,449 | €5,553 | ▲ 24.8% |
| Profit (loss) for the period before taxes9903 | €216,211 | -€54,571 | -€106,288 | -€73,724 | -€95,729 | -€27,938 | €34,623 | - |
| Transfer from deferred taxes780 | - | - | - | €6,795 | €3,421 | €58,278 | - | - |
| Income taxes67/77 | - | €5,346 | -€6,567 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€56,390 | -€55,869 | -€95,673 | -€66,929 | -€92,308 | €30,340 | €34,623 | ▲ 14.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €20,923 | €10,262 | €200,276 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€56,390 | -€46,234 | -€85,411 | -€46,006 | -€82,046 | €230,616 | €34,623 | ▼ 85.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €412,289 | €310,278 | €218,971 | €163,660 | €241,381 | €277,798 | €305,536 | ▲ 10.0% |
| Fixed assets21/28 | €215,000 | €167,200 | €148,787 | €127,987 | €194,261 | €166,346 | €136,859 | ▼ 17.7% |
| Intangible fixed assets21 | €215,000 | €167,200 | €143,314 | €119,427 | €95,541 | €71,654 | €47,768 | ▼ 33.3% |
| Tangible fixed assets22/27 | - | - | €5,474 | €8,560 | €98,721 | €94,692 | €89,092 | ▼ 5.9% |
| Land and buildings22 | - | - | - | €6,578 | €48,339 | €48,543 | €44,796 | ▼ 7.7% |
| Plant, machinery and equipment23 | - | - | - | - | €45,850 | €42,880 | €37,338 | ▼ 12.9% |
| Furniture and vehicles24 | - | - | - | - | €2,913 | €2,015 | €1,116 | ▼ 44.6% |
| Leasing and similar rights25 | - | - | - | - | - | - | €4,951 | - |
| Other tangible fixed assets26 | - | - | - | €1,982 | - | €1,255 | €891 | ▼ 29.0% |
| Assets under construction and advance payments27 | - | - | - | - | €1,618 | - | - | - |
| Current assets29/58 | €197,289 | €143,078 | €70,183 | €35,672 | €47,119 | €111,452 | €168,676 | ▲ 51.3% |
| Stocks and contracts in progress3 | - | - | - | - | - | €6,432 | €5,253 | ▼ 18.3% |
| Stocks30/36 | - | - | - | - | - | €6,432 | €5,253 | ▼ 18.3% |
| Amounts receivable within one year40/41 | €178,905 | €113,800 | €42,966 | €9,930 | €25,456 | €25,334 | - | - |
| Trade receivables40 | - | - | - | €2,809 | €2,809 | €18,410 | - | - |
| Other amounts receivable41 | - | - | - | €7,121 | €22,647 | €6,924 | - | - |
| Current investments50/53 | - | - | - | - | - | - | €3,716 | - |
| Cash at bank and in hand54/58 | €18,384 | €27,699 | €27,052 | €25,743 | €21,093 | €79,686 | €159,708 | ▲ 100% |
| Deferred charges and accrued income490/1 | - | - | - | - | €571 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €412,289 | €310,278 | €218,971 | €163,660 | €241,381 | €277,798 | €305,536 | ▲ 10.0% |
| Equity10/15 | €124,388 | €48,666 | -€47,007 | -€113,936 | -€206,244 | -€175,904 | -€141,281 | ▲ 19.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €260,993 | €241,723 | €231,461 | €210,538 | €200,276 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €210,538 | €200,276 | - | - | - |
| Profit (loss) carried forward14 | -€155,205 | -€211,657 | -€297,068 | -€343,074 | -€425,120 | -€194,504 | -€159,881 | ▲ 17.8% |
| Provisions and deferred taxes16 | €80,635 | €72,541 | €68,494 | €61,698 | €58,278 | - | - | - |
| Deferred taxes168 | - | - | - | €61,698 | €58,278 | - | - | - |
| Amounts payable17/49 | €207,266 | €189,072 | €197,484 | €215,897 | €389,347 | €453,702 | €446,816 | ▼ 1.5% |
| Amounts payable after more than one year17 | - | - | - | - | €12,000 | €12,000 | €12,000 | = |
| Financial debts170/4 | - | - | - | - | €12,000 | €12,000 | €12,000 | = |
| Amounts payable within one year42/48 | €207,266 | €187,478 | €197,484 | €215,897 | €377,347 | €441,702 | €434,816 | ▼ 1.6% |
| Trade debts44 | - | €819 | €9,407 | €7,971 | €6,215 | €25,524 | €22,467 | ▼ 12.0% |
| Suppliers440/4 | - | - | - | €7,971 | €6,215 | €25,524 | €22,467 | ▼ 12.0% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €29,135 | €40,852 | ▲ 40.2% |
| Taxes450/3 | - | - | - | - | - | €5,918 | €18,418 | ▲ 211% |
| Remuneration and social security454/9 | - | - | - | - | - | €23,216 | €22,435 | ▼ 3.4% |
| Other amounts payable47/48 | - | - | - | €207,927 | €371,132 | €387,043 | €371,497 | ▼ 4.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€56,390 | -€55,869 | -€95,673 | -€66,929 | -€92,308 | €30,340 | €34,623 | ▲ 14.1% |
| + Depreciation and write-downs630 | - | €23,900 | €24,330 | €24,770 | €29,770 | €34,133 | €34,887 | ▲ 2.2% |
| Operating cash flow (approximation) | -€56,390 | -€31,969 | -€71,343 | -€42,159 | -€62,538 | €64,473 | €69,510 | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | €23,900 | -€5,917 | -€3,970 | -€96,044 | -€6,217 | -€5,400 | ▲ 13.1% |
| Change in cash | - | €9,315 | -€647 | -€1,310 | -€4,650 | €58,594 | €80,021 | ▲ 36.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | micro format | 31-10-2025 | 2025-00564495 |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00529947 |
| 31-03-2023 | full format | 30-05-2023 | 2023-00097170 |
| 31-03-2022 | full format | 01-12-2022 | 2022-20529249 |
| 31-03-2021 | full format | 30-09-2021 | 2021-70100164 |
| 31-03-2020 | full format | 13-01-2021 | 2021-00900020 |
| 31-03-2019 | full format | 12-03-2020 | 2020-06500319 |
| 31-03-2018 | full format | 24-05-2019 | 2019-14800139 |
| 31-03-2017 | full format | 24-05-2019 | 2019-14800128 |
| 31-03-2016 | full format | 13-02-2018 | 2018-04900247 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 20,098 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,845. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.