Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
ADUDA & CO from Hoeilaart, company number BE0472631906, closed financial year 2025 with a result of € 26,596 after tax. For that financial year ADUDA & CO recorded a gross margin of € 31,898 and equity of € 377,052. Compared with financial year 2024, the result moved from € 188,319 to € 26,596. The company is profitable. The buffer shrank hard: equity is 56 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 377,052
▼ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,596
▼ 86% vs 2024
Profit after tax over the fiscal year.
€ 8,627
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 531
▼ 89% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,613
▼ 47% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 221,280 | € 237,824 | € 257,074 | € 31,898 | ▼ 88% |
| Profit after taxes | € 145,783 | € 150,005 | € 188,319 | € 26,596 | ▼ 86% |
| Equity | € 592,131 | € 712,136 | € 850,455 | € 377,052 | ▼ 56% |
| Total debts | € 66,406 | € 40,567 | € 68,744 | € 530,145 | ▲ € 461,401 |
| Cash | € 589,181 | € 126,023 | € 114,495 | € 8,627 | ▼ 92% |
| Retained profit | € 573,581 | € 693,586 | € 831,905 | € 358,502 | ▼ 57% |
| Dividend | € 0 | € 30,000 | € 50,000 | € 500,000 | ▲ € 450,000 |
| Bank debt | € 8,005 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 658,538 | € 752,703 | € 919,200 | € 907,196 | ▼ 1% |
Key figures of ADUDA & CO, 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 ADUDA & CO?
What happened at ADUDA & CO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 26,596 (▼ 86% vs 2024). Source: NBB ↗
- New establishment in Evere. KBO
- Start of the company according to the CBE. KBO
- STEPHANE KETELAER became a director. NBB
In short
From € 145,783 profit in 2022 to € 26,596 profit in 2025.
Paid € 182,545 in corporate taxes since 2022.
Best year ever: 2024, with € 188,319 profit.
Paid out € 580,000 in dividends to the owners in total.
Management
Behind ADUDA & CO is STEPHANE KETELAER.
Directors
According to the 2025 annual accounts
STEPHANE KETELAER
Director
since 2000
Establishments
Establishment units
Physical locations of this company
Vlaanderveldlaan 12
1560 Hoeilaart
Kleigroeveërf 19
1140 Evere
Active since 9 October 2000
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0472.631.906
- VAT number
- BE 0472.631.906
- Registered office
- Vlaanderveldlaan 12, 1560 Hoeilaart
- Names & denominations
- ADUDA & CO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 2000
- Peppol
- Not registered