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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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ADANOR from Etterbeek, company number BE0779747663, closed financial year 2025 with a result of € 98,238 after tax. For that financial year ADANOR recorded a gross margin of € 139,724 and equity of € 356,480. Compared with financial year 2024, the result moved from € -1,558 to € 98,238. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 356,480
▲ € 343,238 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 98,238
▲ still € 1,558 loss in 2024
Profit after tax over the fiscal year.
€ 186,972
▲ € 173,370 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 109,480.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 640
▲ 89% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 67,749
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 | € 22,715 | € -1,678 | € -1,478 | € 139,724 | ▲ € 141,202 |
| Profit after taxes | € 15,129 | € -2,329 | € -1,558 | € 98,238 | ▲ € 99,795 |
| Equity | € 17,129 | € 14,800 | € 13,243 | € 356,480 | ▲ € 343,238 |
| Total debts | € 19,814 | € 875 | € 694 | € 295,741 | ▲ € 295,047 |
| Cash | € 26,288 | € 15,373 | € 13,602 | € 186,972 | ▲ € 173,370 |
| Retained profit | € 15,129 | € 12,800 | € 11,243 | € 109,480 | ▲ € 98,238 |
| Balance sheet total | € 36,943 | € 15,675 | € 13,937 | € 652,221 | ▲ € 638,285 |
Key figures of ADANOR, 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 ADANOR?
What happened at ADANOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 98,238. Source: NBB ↗
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,129 profit in 2022 to € 98,238 profit in 2025.
Paid € 44,226 in corporate taxes since 2022.
Best year ever: 2025, with € 98,238 profit.
Management
Behind ADANOR is Ludovic Battard. It owns 15% of Venturi Holding itself.
Directors
According to the 2025 annual accounts
Ludovic Battard
Director
Establishments
Establishment units
Physical locations of this company
Charles De Buckstraat 6
1040 Etterbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0779.747.663
- VAT number
- BE 0779.747.663
- Registered office
- Charles De Buckstraat 6, 1040 Etterbeek
- Names & denominations
- ADANOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 January 2022
- Peppol
- Active · Active since 13 Nov 2025
- Contact
- [email protected]
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