ADCORE INC. O.N. (ADQ) - Net Assets
Based on the latest financial reports, ADCORE INC. O.N. (ADQ) has net assets worth €7.50 Million EUR (≈ $8.76 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€15.74 Million ≈ $18.40 Million USD) and total liabilities (€8.25 Million ≈ $9.64 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read ADQ liabilities breakdown for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €7.50 Million |
| % of Total Assets | 47.61% |
| Annual Growth Rate | -11.46% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.4 |
ADCORE INC. O.N. - Net Assets Trend (2021–2025)
This chart illustrates how ADCORE INC. O.N.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of ADCORE INC. O.N. for the complete picture of this company's asset base.
Annual Net Assets for ADCORE INC. O.N. (2021–2025)
The table below shows the annual net assets of ADCORE INC. O.N. from 2021 to 2025. For live valuation and market cap data, see ADCORE INC. O.N. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €7.50 Million ≈ $8.76 Million |
-10.37% |
| 2024-12-31 | €8.36 Million ≈ $9.78 Million |
-5.76% |
| 2023-12-31 | €8.87 Million ≈ $10.37 Million |
-8.85% |
| 2022-12-31 | €9.73 Million ≈ $11.38 Million |
-20.18% |
| 2021-12-31 | €12.20 Million ≈ $14.26 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ADCORE INC. O.N.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 244.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €10.26 Million | 136.93% |
| Total Equity | €7.50 Million | 100.00% |
ADCORE INC. O.N. Competitors by Market Cap
The table below lists competitors of ADCORE INC. O.N. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RKEC Projects Limited
NSE:RKEC
|
$8.19 Million |
|
Rockhopper Exploration
LSE:RKH
|
$8.20 Million |
|
Northann Corp.
NYSE MKT:NCL
|
$8.21 Million |
|
Iljeong Ind
KO:008500
|
$8.21 Million |
|
Dr. Martens PLC
LSE:DOCS
|
$8.19 Million |
|
Data Storage Corp
NASDAQ:DTST
|
$8.17 Million |
|
Aumake Ltd
AU:AUK
|
$8.17 Million |
|
LabGenomics Co. Ltd
KQ:084650
|
$8.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ADCORE INC. O.N.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,362,000 to 7,495,000, a change of -867,000 (-10.4%).
- Net loss of 968,000 reduced equity.
- Other factors increased equity by 101,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-968.00K | -12.92% |
| Other Changes | €101.00K | +1.35% |
| Total Change | €- | -10.37% |
Book Value vs Market Value Analysis
This analysis compares ADCORE INC. O.N.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.93x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.60x to 0.93x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €0.19 | €0.12 | x |
| 2022-12-31 | €0.16 | €0.12 | x |
| 2023-12-31 | €0.15 | €0.12 | x |
| 2024-12-31 | €0.14 | €0.12 | x |
| 2025-12-31 | €0.12 | €0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ADCORE INC. O.N. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.06%
- • Asset Turnover: 1.51x
- • Equity Multiplier: 2.10x
- Recent ROE (-12.92%) is below the historical average (-11.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -2.27% | -0.99% | 1.62x | 1.42x | €-1.50 Million |
| 2022 | -22.96% | -11.35% | 1.35x | 1.49x | €-3.21 Million |
| 2023 | -10.64% | -4.08% | 1.60x | 1.63x | €-1.83 Million |
| 2024 | -6.47% | -2.28% | 1.46x | 1.95x | €-1.38 Million |
| 2025 | -12.92% | -4.06% | 1.51x | 2.10x | €-1.72 Million |
Industry Comparison
This section compares ADCORE INC. O.N.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $249,190,716
- Average return on equity (ROE) among peers: -319.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ADCORE INC. O.N. (ADQ) | €7.50 Million | -2.27% | 1.10x | $8.19 Million |
| Materialise NV (06MA) | $82.95 Million | -3.38% | 0.74x | $301.24 Million |
| Patriot One Technologies Inc (0PL) | $14.74 Million | -110.81% | 0.29x | $86.54 Million |
| AXWAY SOFTWARE EO 2 (1XV) | $372.22 Million | 2.58% | 0.57x | $1.09 Billion |
| Spyrosoft Spólka Akcyjna (2NP) | $85.10 Million | 31.41% | 0.95x | $108.73 Million |
| WEIMOB INC. DL-0001 (36W) | $1.81 Billion | -95.35% | 2.84x | $681.82 Million |
| ROUTE1 INC. (3R6N) | $2.73 Million | 8.15% | 4.53x | $2.46 Million |
| INSURAGUEST TECHN. INC. (4JG) | $197.88K | -333.23% | 2.29x | $99.69K |
| LIQUID AVATAR TECHNO.INC. (4T5) | $424.39K | -2677.70% | 5.96x | $1.33 Million |
| Envirosuite Limited (57P) | $125.98 Million | -14.47% | 0.25x | $67.90 Million |
| SPROUT AI INC. (5AU) | $-5.20 Million | 0.00% | 0.00x | $3.09 Million |
About ADCORE INC. O.N.
Adcore Inc. operates as a media and marketing technology company worldwide. The company offers Feeditor for creating and editing feeds; Feeditor Plus+ for enterprise e-commerce businesses; Views, a search engine marketing solution; Views Cockpit, a platform for an overview of Microsoft Advertising account data; Semdoc, an account auditing tool; and Effortless Feed, a marketing solution for Shopif… Read more