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 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ADOR from Geraardsbergen, company number BE0878694789, closed financial year 2025 with a result of € 162,916 after tax. For that financial year ADOR recorded a gross margin of € 316,374 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 114,149 to € 162,916. 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 September 30, 2026.
€ 1.6 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 162,916
▲ 43% vs 2024
Profit after tax over the fiscal year.
€ 102,483
▲ € 85,966 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 € 1.6 million.
People and assets in 2025
€ 5,000
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3,309
▼ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 23,017
▲ € 21,762 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 65,297
▲ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 101,285 | € 113,731 | € 237,322 | € 316,374 | ▲ 33% |
| Profit after taxes | € 29,761 | € 38,083 | € 114,149 | € 162,916 | ▲ 43% |
| Equity | € 1,257,436 | € 1,295,519 | € 1,409,668 | € 1,572,585 | ▲ 12% |
| Total debts | € 640,408 | € 616,777 | € 568,714 | € 594,924 | ▲ 5% |
| Cash | € 41,763 | € 687 | € 16,517 | € 102,483 | ▲ € 85,966 |
| Land & buildings | € 1,666,729 | € 1,625,610 | € 1,814,307 | € 1,850,857 | ▲ 2% |
| Retained profit | € 1,238,836 | € 1,276,919 | € 1,391,068 | € 1,553,985 | ▲ 12% |
| Bank debt | € 3,362 | € 3,411 | € 3,409 | € 3,309 | ▼ 3% |
| Balance sheet total | € 1,897,845 | € 1,912,296 | € 1,978,383 | € 2,167,509 | ▲ 10% |
Key figures of ADOR, 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 ADOR?
What happened at ADOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 162,916 (▲ 43% vs 2024). filed late Source: NBB ↗
- New establishment in Geraardsbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,761 profit in 2022 to € 162,916 profit in 2025.
Paid € 124,797 in corporate taxes since 2022.
Best year ever: 2025, with € 162,916 profit.
Management
Behind ADOR is David Larmuseau. David Larmuseau is also behind Woonmaatschappij Dender-Zuid, Huize Sint-Monika, vzw, CSI Sports Media, Veerkracht en Verbinding and VIA PLAZA.
Directors
According to the 2025 annual accounts
David Larmuseau
Director
Also active at: Woonmaatschappij Dender-Zuid, Huize Sint-Monika, vzw, CSI Sports Media, Veerkracht en Verbinding, VIA PLAZA
Establishments
Establishment units
Physical locations of this company
Zonnebloemstraat(Onk) 40
9500 Geraardsbergen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0878.694.789
- VAT number
- BE 0878.694.789
- Registered office
- Zonnebloemstraat(Onk) 40, 9500 Geraardsbergen
- Names & denominations
- ADOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 January 2006
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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