Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
56 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ADGAR INVESTMENT AND DEVELOPMENT BELGIUM from Antwerpen, company number BE0461110779, closed financial year 2025 with a result of € -2.6 million after tax. For that financial year ADGAR INVESTMENT AND DEVELOPMENT BELGIUM recorded revenue of € 178,483 and equity of € 26.6 million. Compared with financial year 2024, the result moved from € 7.1 million to € -2.6 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 26.6 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.6 million
▼ still € 7.1 million profit in 2024
Profit after tax over the fiscal year.
€ 54,140
▼ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 26.5 million.
People and assets in 2025
1.5
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 182,319
▲ 8% vs 2024
€ 121,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,842
▲ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 101.8 million
▲ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 19,113
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 52 days on average.
€ 28,285
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 178,483 | € 178,483 | € 178,483 | € 178,483 | |
| Profit after taxes | € -1,066,791 | € -3,282,614 | € 7,058,434 | € -2,616,535 | ▼ € 9.7 million |
| Equity | € 25,420,238 | € 22,137,624 | € 29,196,057 | € 26,579,522 | ▼ 9% |
| Total debts | € 90,111,255 | € 109,187,091 | € 99,324,406 | € 103,125,216 | ▲ 4% |
| Cash | € 31,038 | € 76,513 | € 56,384 | € 54,140 | ▼ 4% |
| Retained profit | € 25,296,291 | € 22,013,677 | € 29,072,110 | € 26,455,575 | ▼ 9% |
| Bank debt | € 89,649,875 | € 108,547,722 | € 99,008,496 | € 101,792,803 | ▲ 3% |
| Balance sheet total | € 115,531,492 | € 131,324,715 | € 128,520,463 | € 129,704,737 | ▲ 1% |
| Employees (FTE) | 1.1 | 1.3 | 1.4 | 1.5 | ▲ 0.1 |
Key figures of ADGAR INVESTMENT AND DEVELOPMENT BELGIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ADGAR INVESTMENT AND DEVELOPMENT BELGIUM?
What happened at ADGAR INVESTMENT AND DEVELOPMENT BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Roy Gadish stepped down as director. NBB
- Pro Rato BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.6 million (▼ € 9.7 million vs 2024). Source: NBB ↗
- Roy Gadish became a director. NBB
- Pro Rato BV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million loss in 2022 to € 2.6 million loss in 2025.
Best year ever: 2024, with € 7.1 million profit.
Pays suppliers within 52 days on average.
A new publication or filing at ADGAR INVESTMENT AND DEVELOPMENT BELGIUM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of Brain Embassy Belgium, 100% of Adgar Polen B, 100% of Adgar Plantin, 100% of Adgar Plantin Parking and 80.1% of Adgar Investment and Development Poland itself.
Directors
According to the 2025 annual accounts
Roy Gadish
Director
Also active at: Adgar Plantin, ADGAR INVESTMENT AND DEVELOPMENT POLAND, ADGAR PLANTIN PARKING, Brain Embassy Belgium
since 2023 · until 2029
Director · represented by Dirk Engelen
Also active at: Adgar Plantin, ADGAR INVESTMENT AND DEVELOPMENT POLAND, ADGAR PLANTIN PARKING
since 2023 · until 2028
Establishments
Establishment units
Physical locations of this company
Molenbergstraat 10
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 56 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.110.779
- VAT number
- BE 0461.110.779
- Registered office
- Molenbergstraat 10, 2000 Antwerpen
- Names & denominations
- ADGAR INVESTMENT AND DEVELOPMENT BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 1997
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Overige zakelijke dienstverlening, neg
Holdings