ACTIVE

ADMORE

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Financial year 2025 · closed on 30/06/2025

Net result

176,5 k €

+6.4% YoY

Gross margin

476,1 k €

+3.9% YoY

Equity

1,6 M €

+12.0% YoY

Workforce

0,0 ETP

What does ADMORE do?

ADMORE is a Private limited company incorporated in 2007. Its main activity is: Activities of holding companies. Its registered office is in Oosterzele.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.127.158

Incorporation

09/02/2007

Legal form

Private limited company

Registered office

Rattepas 5
9860 Oosterzele · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008
Income statement
Gross margin	476,1 k €	+3.9%	458,4 k €	-4.4%	479,3 k €	+2.5%	467,4 k €	+143%	192,5 k €	-7.6%	208,4 k €	+13.1%	184,3 k €	-9.9%	204,5 k €	+15.3%	177,3 k €	+3.5%	171,2 k €	-5.8%	181,7 k €	-54.7%	401,3 k €	+10156%	-4 k €	-112%	34,2 k €	-72.2%	123,1 k €
EBITDA	451 k €	+2.4%	440,7 k €	-3.8%	458,2 k €	+1.7%	450,5 k €	+140%	187,3 k €	-8.7%	205,2 k €	+12.2%	182,8 k €	-8.5%	199,9 k €	+13.8%	175,7 k €	+4.9%	167,5 k €	-6.4%	179 k €	-54.4%	392,6 k €	+4048%	-9,9 k €	-142%	23,5 k €	-76.2%	98,7 k €
Operating result	261 k €	+2.7%	254,1 k €	+4.4%	243,3 k €	+3.5%	235 k €	+105%	114,6 k €	-9.9%	127,2 k €	+16.5%	109,1 k €	-13.9%	126,8 k €	+37.5%	92,2 k €	-3.2%	95,3 k €	-17.2%	115 k €	-27.3%	158,1 k €	+660%	-28,3 k €	-447%	-5,2 k €	-106%	80,4 k €
Net result	176,5 k €	+6.4%	165,8 k €	-6.1%	176,5 k €	-6.4%	188,6 k €	+225%	58 k €	-93.3%	859,4 k €	+1474%	54,6 k €	+16.4%	46,9 k €	+22.1%	38,4 k €	-4.9%	40,4 k €	-27.3%	55,6 k €	-36.5%	87,6 k €	+562%	-18,9 k €	-69.0%	-11,2 k €	-122%	52 k €
Balance sheet
Equity	1,6 M €	+12.0%	1,5 M €	+12.7%	1,3 M €	+15.6%	1,1 M €	-11.9%	1,3 M €	+4.7%	1,2 M €	+236%	364,1 k €	+17.6%	309,5 k €	+17.9%	262,5 k €	+17.1%	224,1 k €	+22.0%	183,7 k €	+43.4%	128,1 k €	+216%	40,5 k €	-31.9%	59,4 k €	-7.8%	64,4 k €
Total assets	3,9 M €	-0.4%	3,9 M €	-1.4%	3,9 M €	-0.9%	4 M €	+89.2%	2,1 M €	+4.9%	2 M €	+62.4%	1,2 M €	-6.4%	1,3 M €	-8.4%	1,4 M €	-2.3%	1,5 M €	+5.6%	1,4 M €	-16.3%	1,7 M €	+259%	463,3 k €	-13.4%	534,8 k €	+64.3%	325,5 k €
Cash	424,5 k €	-21.5%	540,7 k €	+26.6%	427,1 k €	+10.5%	386,7 k €	+175%	140,6 k €	+2.6%	137,1 k €	+38.6%	98,9 k €	-8.6%	108,2 k €	+94.2%	55,7 k €	+0.2%	55,6 k €	+19.9%	46,4 k €	-80.3%	235,2 k €	+1170%	18,5 k €	-13.2%	21,3 k €	+79.8%	11,9 k €
Debts	2,2 M €	-8.1%	2,4 M €	-8.6%	2,6 M €	-7.6%	2,8 M €	+259%	783,1 k €	+5.5%	742,1 k €	-11.0%	833,5 k €	-13.6%	965,1 k €	-14.8%	1,1 M €	-6.0%	1,2 M €	+2.8%	1,2 M €	-21.5%	1,5 M €	+279%	393,8 k €	-12.5%	450,2 k €	+88.3%	239,1 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 2 ended

Active mandates

Maarten Makelberge

Director · since 02 février 2007

Active

Ended mandates

Maarten Makelberge

Manager · since 02 février 2007

Ended

Maarten Makelberge

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
LIMA● Active	1009.679.136

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/12/2025	03/12/2024	10/11/2023	31/01/2023	11/02/2022	22/12/2020
General meeting	03/11/2025	02/11/2024	04/11/2023	05/11/2022	06/11/2021	07/11/2020
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	03/11/2025	02/12/2025	Dutch	PDF
Abridged model	30/06/2024	02/11/2024	03/12/2024	Dutch	PDF
Micro model	30/06/2023	04/11/2023	10/11/2023	Dutch	PDF
Micro model	30/06/2022	05/11/2022	31/01/2023	Dutch	PDF
Micro model	30/06/2021	06/11/2021	11/02/2022	Dutch	PDF
Abridged model	30/06/2020	07/11/2020	22/12/2020	Dutch	PDF
Micro model	30/06/2019	02/11/2019	02/12/2019	Dutch	PDF
Micro model	30/06/2018	03/11/2018	03/12/2018	Dutch	PDF
Micro model	30/06/2017	04/11/2017	16/01/2018	Dutch	PDF
Abridged model	30/06/2016	05/11/2016	20/12/2016	Dutch	PDF
Abridged model	30/06/2015	07/11/2015	02/02/2016	Dutch	PDF
Abridged model	30/06/2014	03/11/2014	19/01/2015	Dutch	PDF
Abridged model	30/06/2013	02/11/2013	06/02/2014	Dutch	PDF
Abridged model	31/05/2012	03/11/2012	04/01/2013	Dutch	PDF
Abridged model	30/06/2010	04/12/2010	26/01/2011	Dutch	PDF
Abridged model	30/06/2009	05/12/2009	04/01/2010	Dutch	PDF
Abridged model	30/06/2008	06/12/2008	19/02/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 30/06/2025 · 1 active · 2 ended

Active mandates

Maarten Makelberge

Director · since 02 février 2007

Active

Ended mandates

Maarten Makelberge

Manager · since 02 février 2007

Ended

Maarten Makelberge

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other10/01/2013
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office06/08/2012
MAATSCHAPPELIJKE ZETEL
PDF
Other23/06/2011
ALGEMENE VERGADERING - BOEKJAAR
PDF
Other19/02/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025176,5 k €↑
2024
Annual accounts 2024165,8 k €↓
2023
Annual accounts 2023176,5 k €↓
2022
Annual accounts 2022188,6 k €↑
2019
Annual accounts 201958 k €↓
2018
Annual accounts 2018859,4 k €↑
2017
Annual accounts 201754,6 k €↑
2016
Annual accounts 201646,9 k €↑
2015
Annual accounts 201538,4 k €↓
2014
Annual accounts 201440,4 k €↓
2013
Annual accounts 201355,6 k €↓
2012
Annual accounts 201287,6 k €↑
2010
Annual accounts 2010-18,9 k €↓
2009
Annual accounts 2009-11,2 k €↓
2008
Annual accounts 200852 k €
09/02/2007
IncorporationPrivate 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

ADMORE

Overview

What does ADMORE do?

Trend over 15 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