Audemo
ActiveSummary
Audemo has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€622,202) and a net result of €161,422. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 4565 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▲+5
Solvency18▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.19 in 2024; short-term debt: 107.5% and cash: 0% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 →
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
-7.5%
Return on assets
1.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4565 sector peers (2025).
NBB · sector comparisonPosition among 4565 sector peers
Solvency
better than 9%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
7 d early
2022
88 d late
2021
10 d late
2020
19 d late
2019
59 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 24 days after 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€161,422▲ 141%
2024 · €66,899
Working capital
-€6.9m▲ 3.9%
2024 · -€7.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€308,282▲ 8.4%€417,336▲ 35.4%€507,985▲ 21.7%€538,300▲ 6.0%€508,112▼ 5.6%
Net result€117,360▲ 6.5%€285,569▲ 143%€30,458▼ 89.3%€66,899▲ 120%€161,422▲ 141%
Equity-€1.2m▲ 9.1%-€880,981▲ 24.5%-€850,523▲ 3.5%-€783,624▲ 7.9%-€622,202▲ 20.6%
Total assets€8.8m▲ 1.5%€9.1m▲ 3.1%€9.1m▲ 0.6%€8.1m▼ 10.9%€8.3m▲ 2.3%
Debt€10.0m▲ 0.1%€10.0m▼ 0.1%€10.0m▲ 0.2%€8.9m▼ 10.6%€8.9m▲ 0.3%
Working capital-€7.9m▲ 2.9%-€7.5m▲ 5.1%-€7.4m▲ 1.7%-€7.2m▲ 2.5%-€6.9m▲ 3.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.3m
Fixed assets
€6.3m ▼ 1.9%
Current assets
€2.0m ▲ 17.8%
Key figures and ratios
EBITDA
€628,445▼
2024 · €658,633
Cash flow
€281,755▲
2024 · €187,232
Solvency
-7.5%▲
2024 · -9.6%
Current ratio
0.23▲
2024 · 0.19
Quick ratio
0.22▲
2024 · 0.19
Debt to equity
-14.37▼
2024 · -11.38
ROA
1.9%▲
2024 · 0.8%
Interest coverage
1.77▲
2024 · 1.38
Debt ≤ 1 year
€8.9m▲
2024 · €8.9m
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 | €120,333 | €120,333 | €120,333 | €120,333 | €120,333 | = |
| Other operating charges640/8 | €868 | €868 | €960 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | €429,483 | €538,537 | €629,278 | €659,600 | €629,443 | ▼ 4.6% |
| Operating profit (loss)9901 | €308,282 | €417,336 | €507,985 | €538,300 | €508,112 | ▼ 5.6% |
| Financial income75/76B | €8,676 | €10,227 | €11,527 | €6,862 | €8,256 | ▲ 20.3% |
| Recurring financial income75 | €8,676 | €10,227 | €11,527 | €6,862 | €8,256 | ▲ 20.3% |
| Financial charges65/66B | €199,599 | €141,994 | €489,054 | €478,262 | €354,945 | ▼ 25.8% |
| Recurring financial charges65 | €199,599 | €141,994 | €489,054 | €478,262 | €354,945 | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | €117,360 | €285,569 | €30,458 | €66,899 | €161,422 | ▲ 141% |
| Profit (loss) for the period9904 | €117,360 | €285,569 | €30,458 | €66,899 | €161,422 | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €117,360 | €285,569 | €30,458 | €66,899 | €161,422 | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.8m | €9.1m | €9.1m | €8.1m | €8.3m | ▲ 2.3% |
| Fixed assets21/28 | €6.7m | €6.6m | €6.5m | €6.4m | €6.3m | ▼ 1.9% |
| Tangible fixed assets22/27 | €3.5m | €3.3m | €3.2m | €3.1m | €3.0m | ▼ 3.9% |
| Land and buildings22 | €3.5m | €3.3m | €3.2m | €3.1m | €3.0m | ▼ 3.9% |
| Financial fixed assets28 | €3.3m | €3.3m | €3.3m | €3.3m | €3.3m | = |
| Current assets29/58 | €2.1m | €2.5m | €2.6m | €1.7m | €2.0m | ▲ 17.8% |
| Stocks and contracts in progress3 | €29,400 | €29,830 | €29,830 | €29,830 | €29,830 | = |
| Stocks30/36 | €29,400 | €29,830 | €29,830 | €29,830 | €29,830 | = |
| Amounts receivable within one year40/41 | €2.0m | €2.4m | €2.6m | €1.6m | €2.0m | ▲ 24.0% |
| Trade receivables40 | €152,283 | €172,791 | €180,542 | €192,550 | €109,373 | ▼ 43.2% |
| Other amounts receivable41 | €1.9m | €2.2m | €2.4m | €1.4m | €1.9m | ▲ 33.1% |
| Cash at bank and in hand54/58 | €14,992 | €3,753 | - | €81,720 | €1,721 | ▼ 97.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.8m | €9.1m | €9.1m | €8.1m | €8.3m | ▲ 2.3% |
| Equity10/15 | -€1.2m | -€880,981 | -€850,523 | -€783,624 | -€622,202 | ▲ 20.6% |
| Contributions10/11 | €269,708 | €269,708 | €269,708 | €269,708 | €269,708 | = |
| Capital10 | €269,708 | €269,708 | €269,708 | €269,708 | €269,708 | = |
| Issued capital100 | €269,708 | €269,708 | €269,708 | €269,708 | €269,708 | = |
| Reserves13 | €655,111 | €655,111 | €655,111 | €655,111 | €655,111 | = |
| Non-distributable reserves130/1 | €297,171 | €297,171 | €297,171 | €297,171 | €297,171 | = |
| Legal reserve130 | €87,806 | €87,806 | €87,806 | €87,806 | €87,806 | = |
| Reserves not available under the articles1311 | €209,365 | €209,365 | €209,365 | €209,365 | €209,365 | = |
| Distributable reserves133 | €357,940 | €357,940 | €357,940 | €357,940 | €357,940 | = |
| Profit (loss) carried forward14 | -€2.1m | -€1.8m | -€1.8m | -€1.7m | -€1.5m | ▲ 9.4% |
| Amounts payable17/49 | €10.0m | €10.0m | €10.0m | €8.9m | €8.9m | ▲ 0.3% |
| Amounts payable within one year42/48 | €10.0m | €10.0m | €10.0m | €8.9m | €8.9m | ▲ 0.3% |
| Financial debts43 | €8.9m | €8.9m | €8.9m | €8.9m | €8.9m | = |
| Credit institutions430/8 | €8.9m | €8.9m | €8.9m | €8.9m | €8.9m | = |
| Trade debts44 | - | €34,614 | €16,098 | €25,168 | €50,579 | ▲ 101% |
| Suppliers440/4 | - | €34,614 | €16,098 | €25,168 | €50,579 | ▲ 101% |
| Other amounts payable47/48 | €1.1m | €1.0m | €1.0m | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117,360 | €285,569 | €30,458 | €66,899 | €161,422 | ▲ 141% |
| + Depreciation and write-downs630 | €120,333 | €120,333 | €120,333 | €120,333 | €120,333 | = |
| Operating cash flow (approximation) | €237,692 | €405,902 | €150,790 | €187,232 | €281,755 | ▲ 50.5% |
| Investment in fixed assets (approximation) | - | €0 | -€25,500 | €0 | €0 | - |
| Change in cash | - | -€11,239 | - | - | -€79,999 | - |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €30,458 ▼89.3%
Net result drops to €30,458, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 88 days late
2022
31-12
Financial
Highest result since 2018net €285,569 ▲143%
Net result €285,569, the highest in the series.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Elsene · 1 establishment unit since 1977
Ground area
839 m²
Building footprint
233 m²
Volume, LiDAR
8,514 m³
Parcel 21807G0213/00Y002, Brussels · tallest building 42.9 m, ±13 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
AU DEMO
since 19772.013.707.231
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0213/00Y002 | Brussels | 839 m² | 1 · 233 m² | 42.9 m · 13 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.
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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 7,326 companies in sector 68110 we hold annual accounts for 5,384. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-05-1977
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
Scores and ratios are computed by Checked and are not a credit decision.