ACTIVE

AMADOR

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Financial year 2025 · closed on 31/12/2025

Net result

1,8 M €

+1059.1% YoY

Gross margin

4,8 M €

+293.1% YoY

Equity

3,1 M €

-25.2% YoY

What does AMADOR do?

AMADOR is a Public limited company incorporated in 1990. Its main activity is: Development of building projects. Its registered office is in Eupen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.232.502

Incorporation

10/10/1990

Legal form

Public limited company

Registered office

Kügelgasse 7
4700 Eupen · WallonieSee on map

Contributed capital

1 276 091,97 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 64910Financial leasing 64910Financial leasing

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	4,8 M €	+293%	1,2 M €	+0.2%	1,2 M €	+15.7%	1 M €	-10.1%	1,2 M €		–		–		–		–		–		–		–		–		–		–		404,1 k €	-16.8%	485,9 k €	+13.9%	426,7 k €	-38.4%	693 k €
EBITDA	3,4 M €	+232%	1 M €	+1.6%	1 M €	+8.6%	938,1 k €	-11.5%	1,1 M €	+77.7%	596,4 k €	-27.7%	824,4 k €	+127%	363,9 k €	+157%	141,7 k €	+128%	-509,8 k €	-345%	208,2 k €	+38.5%	150,3 k €	+76.8%	85 k €	+117%	-513,2 k €	-5061%	-9,9 k €	-103%	294,1 k €	-23.7%	385,5 k €	+14.1%	337,7 k €	-42.8%	590,2 k €
Operating result	3 M €	+522%	478,5 k €	+16.7%	410 k €	+23.0%	333,2 k €	-37.9%	536,5 k €	+440%	99,4 k €	-78.5%	462,5 k €	+1839%	23,8 k €	+132%	-73,9 k €	+25.0%	-98,6 k €	-236%	-29,3 k €	+16.1%	-35 k €	+41.2%	-59,4 k €	-46.3%	-40,6 k €	+97.3%	-1,5 M €	-8975%	16,9 k €	+125%	-67,7 k €	+12.2%	-77,1 k €	-157%	134,4 k €
Net result	1,8 M €	+1059%	155,9 k €	+48.8%	104,8 k €	+3.6%	101,1 k €	+62.0%	62,4 k €	+134%	-183,4 k €	+79.2%	-882,4 k €	-754%	135 k €	+138%	-351,6 k €	-1381%	27,4 k €	+120%	-134,7 k €	+61.4%	-348,6 k €	-741%	54,4 k €	-94.5%	997 k €	+246%	-680,9 k €	-600%	136,3 k €	+243%	-95,2 k €	-393%	32,5 k €	-27.9%	45,1 k €
Balance sheet
Equity	3,1 M €	-25.2%	4,2 M €	+3.9%	4 M €	+2.7%	3,9 M €	+2.7%	3,8 M €	+627%	523,4 k €	-25.9%	706,8 k €	-86.7%	5,3 M €	+60.3%	3,3 M €	-9.7%	3,7 M €	+0.8%	3,6 M €	-5.7%	3,9 M €	-8.3%	4,2 M €	-4.1%	4,4 M €	+233%	1,3 M €	-34.1%	2 M €	+7.3%	1,9 M €	-4.9%	2 M €	+1.7%	1,9 M €
Total assets	17,2 M €	-16.7%	20,6 M €	+0.4%	20,5 M €	+9.6%	18,7 M €	+0.5%	18,6 M €	+17.8%	15,8 M €	+13.9%	13,9 M €	-32.4%	20,5 M €	+38.4%	14,8 M €	+3.3%	14,4 M €	+1.2%	14,2 M €	-4.3%	14,8 M €	+4.6%	14,2 M €	-19.0%	17,5 M €	+150%	7 M €	-37.2%	11,2 M €	+5.5%	10,6 M €	+21.7%	8,7 M €	+23.0%	7,1 M €
Cash	17,3 €	-94.8%	330,3 €	-98.8%	27,4 k €	+247%	7,9 k €	-39.2%	13 k €	-97.2%	471,4 k €	+15925%	2,9 k €	-85.6%	20,4 k €	-19.1%	25,3 k €	-2.0%	25,8 k €	+337%	5,9 k €	-72.0%	21 k €	-94.5%	381,5 k €	-42.1%	659,2 k €	+2273%	27,8 k €	+168%	10,4 k €	+714%	1,3 k €	-26.5%	1,7 k €	-99.1%	183,1 k €
Debts	11,2 M €	-21.9%	14,3 M €	+0.9%	14,2 M €	+14.0%	12,5 M €	+1.4%	12,3 M €	-2.7%	12,6 M €	+20.9%	10,5 M €	-11.5%	11,8 M €	+28.9%	9,2 M €	+6.4%	8,6 M €	-14.9%	10,1 M €	-2.2%	10,4 M €	+11.7%	9,3 M €	-24.7%	12,3 M €	+132%	5,3 M €	-40.3%	8,9 M €	+3.7%	8,6 M €	+28.8%	6,7 M €	+31.8%	5 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 22 ended

Active mandates

Jean-Marc ANDRY

Director · since 01 mai 2021 · until 22 juin 2029

Active

Pascal EMONTSPOOL

Director · since 01 mai 2021 · until 22 juin 2029

Active

Maria SOUREN

Director · since 18 mars 2008 · until 22 juin 2029

Active

Patrick EMONTSPOOL

Managing director · since 18 mars 2008 · until 22 juin 2029

Active

Ended mandates

Jean-Marc ANDRY

Director · since 01 mai 2021 · until 26 juin 2026

Ended

Pascal EMONTSPOOL

Director · since 01 mai 2021 · until 26 juin 2026

Ended

Jérôme EMONTSPOOL

Director · since 29 juin 2015 · until 31 décembre 2015

Ended

Pascal EMONTSPOOL

Director · since 29 juin 2015 · until 31 décembre 2015

Ended

At this address

Other companies at this address

Company	CBE no.
ARC BUSINESS HOUSE● Active	0878.645.992
EMOCARS● Active	0431.509.646

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2026	25/07/2025	23/07/2024	22/08/2023	30/09/2022	30/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	23/06/2023	24/06/2022	25/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	24/07/2026	German	PDF
Abridged model	31/12/2024	27/06/2025	25/07/2025	German	PDF
Abridged model	31/12/2023	28/06/2024	23/07/2024	French	PDF
Abridged model	31/12/2022	23/06/2023	22/08/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	30/09/2022	French	PDF
Full model	31/12/2020	25/06/2021	30/07/2021	French	PDF
Full model	31/12/2019	26/06/2020	30/10/2020	French	PDF
Full model	31/12/2018	28/06/2019	30/09/2019	French	PDF
Full model	31/12/2017	22/06/2018	27/07/2018	French	PDF
Full model	31/12/2016	23/06/2017	27/07/2017	French	PDF
Full model	31/12/2015	24/06/2016	27/07/2016	French	PDF
Full model	31/12/2014	26/06/2015	30/07/2015	French	PDF
Full model	31/12/2013	27/06/2014	28/08/2014	French	PDF
Full model	31/12/2012	28/06/2013	01/08/2013	French	PDF
Full model	31/12/2011	22/06/2012	26/07/2012	French	PDF
Full model	31/12/2010	24/06/2011	01/08/2011	French	PDF
Abridged model	30/09/2009	16/03/2010	28/04/2010	French	PDF
Abridged model	30/09/2008	17/03/2009	29/04/2009	French	PDF
Abridged model	30/09/2007	18/03/2008	28/04/2008	French	PDF
Abridged model	30/09/2006	20/03/2007	26/04/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 22 ended

Active mandates

Jean-Marc ANDRY

Director · since 01 mai 2021 · until 22 juin 2029

Active

Pascal EMONTSPOOL

Director · since 01 mai 2021 · until 22 juin 2029

Active

Maria SOUREN

Director · since 18 mars 2008 · until 22 juin 2029

Active

Patrick EMONTSPOOL

Managing director · since 18 mars 2008 · until 22 juin 2029

Active

Ended mandates

Jean-Marc ANDRY

Director · since 01 mai 2021 · until 26 juin 2026

Ended

Pascal EMONTSPOOL

Director · since 01 mai 2021 · until 26 juin 2026

Ended

Jérôme EMONTSPOOL

Director · since 29 juin 2015 · until 31 décembre 2015

Ended

Pascal EMONTSPOOL

Director · since 29 juin 2015 · until 31 décembre 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates09/04/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates31/10/2019
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring11/10/2018
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring13/07/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office15/06/2018
SIEGE SOCIAL
PDF
Mandates14/07/2016
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,8 M €↑
2024
Annual accounts 2024155,9 k €↑
2023
Annual accounts 2023104,8 k €↑
2022
Annual accounts 2022101,1 k €↑
2021
Annual accounts 202162,4 k €↑
2020
Annual accounts 2020-183,4 k €↑
2019
Annual accounts 2019-882,4 k €↓
2017
Annual accounts 2017135 k €↑
2016
Annual accounts 2016-351,6 k €↓
2015
Annual accounts 201527,4 k €↑
2014
Annual accounts 2014-134,7 k €↑
2013
Annual accounts 2013-348,6 k €↓
2012
Annual accounts 201254,4 k €↓
2011
Annual accounts 2011997 k €↑
2010
Annual accounts 2010-680,9 k €↓
2009
Annual accounts 2009136,3 k €↑
2008
Annual accounts 2008-95,2 k €↓
2007
Annual accounts 200732,5 k €↓
2006
Annual accounts 200645,1 k €
10/10/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AMADOR

Overview

What does AMADOR do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline