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 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ADCOR from Brussel, company number BE0798174101, closed financial year 2025 with a result of € 44,951 after tax. For that financial year ADCOR recorded a gross margin of € 74,678 and equity of € 183,288. Compared with financial year 2024, the result moved from € 139,069 to € 44,951. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 183,288
▲ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 44,951
▼ 68% vs 2024
Profit after tax over the fiscal year.
€ 4,299
▼ 73% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 833 paid out
2 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 6,609
▲ 78% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 10,896
▲ € 10,539 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 48,917
▼ 10% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 187,728 | € 74,678 | ▼ 60% |
| Profit after taxes | € 139,069 | € 44,951 | ▼ 68% |
| Equity | € 139,169 | € 183,288 | ▲ 32% |
| Total debts | € 861,446 | € 884,291 | ▲ 3% |
| Cash | € 16,071 | € 4,299 | ▼ 73% |
| Retained profit | € 139,069 | € 183,188 | ▲ 32% |
| Dividend | € 0 | € 833 | |
| Balance sheet total | € 1,000,615 | € 1,067,579 | ▲ 7% |
Key figures of ADCOR, fiscal years 2024 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 ADCOR?
What happened at ADCOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 44,951 (▼ 68% vs 2024). Source: NBB ↗
- Ascor BV became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 139,069 profit in 2024 to € 44,951 profit in 2025.
Paid € 65,857 in corporate taxes since 2024.
Best year ever: 2024, with € 139,069 profit.
Paid out € 833 in dividends to the owners in total.
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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
Behind ADCOR are Adrien Corthouts and Ascor BV. It owns 45% of Sital Invest and 25% of Geacor itself.
Directors
According to the 2025 annual accounts
Adrien Corthouts
Director
Also active at: BELFORM EUROPE, CORRE, SOMA, SLEEPING SOLUTIONS PRODUCTION, SOFA PRODUCTION, AsCor, SOFABED EUROPE, SITAC EUROPE +2 more
Director · represented by Alix Aspeslagh
Also active at: SITAC EUROPE, Alix Aspeslagh, SAREZE
since 2025
Establishments
Establishment units
Physical locations of this company
Dageraadstraat 19
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0798.174.101
- VAT number
- BE 0798.174.101
- Registered office
- Dageraadstraat 19, 1000 Brussel
- Names & denominations
- ADCOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 February 2023
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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