A.D.J.
ActiveSummary
A.D.J. has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,585 and a net result of €12,338. Equity is growing by ~56.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+64
Solvency33▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.01 in 2024; short-term debt: 92.2% and cash: 12.8% of total assets), and 92.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
on the day
2023
on the day
2022
4 d early
2020
23 d late
2019
on the day
2018
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€20,585▲ 150%
2024 · €8,248
Total assets
€262,849▲ 10.7%
2024 · €237,502
Net result
€12,338
2024 · -€14,792
Working capital
€13,045▲ 587%
2024 · €1,900
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320242025
Operating result€15,701▼ 57.3%€73,791-€1,551▼ 97.9%-€13,331€17,194
Net result€15,092within the sector's middle half▼ 54.0%€68,086above the sector's middle half--€1,548within the sector's middle half-€14,792below the sector's middle half▼ 856%€12,338within the sector's middle half
Equity-€45,342below the sector's middle half▲ 25.0%€24,579within the sector's middle half-€23,039within the sector's middle half▼ 6.3%€8,248within the sector's middle half▼ 64.2%€20,585within the sector's middle half▲ 150%
Total assets€193,301within the sector's middle half▲ 13.4%€227,958within the sector's middle half-€253,732within the sector's middle half▲ 11.3%€237,502within the sector's middle half▼ 6.4%€262,849within the sector's middle half▲ 10.7%
Debt€238,365▲ 3.4%€203,379-€230,693▲ 13.4%€229,255▼ 0.6%€242,264▲ 5.7%
Working capital€22,763within the sector's middle half▲ 151%€15,542within the sector's middle half-€15,003within the sector's middle half▼ 3.5%€1,900within the sector's middle half▼ 87.3%€13,045within the sector's middle half▲ 587%
Solvency-23.5%below the sector's middle half▲ 12.0pp10.8%within the sector's middle half-9.1%within the sector's middle half▼ 1.7pp3.5%below the sector's middle half▼ 5.6pp7.8%within the sector's middle half▲ 4.4pp
Current ratio1.15within the sector's middle half▲ 0.091.08within the sector's middle half-1.07within the sector's middle half▼ 0.011.01within the sector's middle half▼ 0.061.05within the sector's middle half▲ 0.05
Return on assets (ROA)7.8%within the sector's middle half▼ 11.5pp29.9%above the sector's middle half--0.6%within the sector's middle half▼ 30.5pp-6.2%below the sector's middle half▼ 5.6pp4.7%within the sector's middle half▲ 10.9pp
Staff (FTE)0.6below the sector's middle half=1-1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17,194 after a loss of €13,331 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €262,849
Fixed assets
€7,540 ▲ 18.8%
Current assets
€255,309 ▲ 10.4%
Equity and liabilities €262,849
Equity
€20,585 ▲ 150%
Debt
€242,264 ▲ 5.7%
Debt's share of the balance-sheet total falls from 96.5% to 92.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17,680▲
2024 · -€10,212
Cash flow
€12,824▲
2024 · -€11,673
Quick ratio
0.23▲
2024 · 0.21
Debt to equity
11.77▼
2024 · 27.80
ROE
59.9%▲
2024 · -179.3%
Interest coverage
10.42▲
2024 · -10.76
Debt ≤ 1 year
€242,264▲
2024 · €229,255
Income taxes
€3,160▲
2024 · €513
Staff costs
€28,351▲
2024 · €26,221
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,082 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
0.8%
went bankrupt
2.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €13,286 | €26,022 | €26,221 | €28,351 | ▲ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,480 | €4,265 | €3,100 | €3,119 | €486 | ▼ 84.4% |
| Other operating charges640/8 | - | €1,261 | €1,784 | €11,413 | €2,140 | ▼ 81.2% |
| Non-recurring operating charges66A | - | €2,490 | - | - | - | - |
| Gross operating margin9900 | €38,611 | €95,094 | €32,456 | €27,422 | €48,171 | ▲ 75.7% |
| Operating profit (loss)9901 | €15,701 | €73,791 | €1,551 | -€13,331 | €17,194 | ▲ 229% |
| Financial income75/76B | - | €1,353 | €44 | €1 | €1 | ▲ 14.8% |
| Recurring financial income75 | €958 | €1,353 | €44 | €1 | €1 | ▲ 14.8% |
| Financial charges65/66B | - | €2,837 | €1,118 | €949 | €1,697 | ▲ 78.9% |
| Recurring financial charges65 | €1,377 | €2,837 | €1,118 | €949 | €1,697 | ▲ 78.9% |
| Profit (loss) for the period before taxes9903 | €15,282 | €72,307 | €477 | -€14,278 | €15,498 | ▲ 209% |
| Income taxes67/77 | €189 | €4,222 | €2,025 | €513 | €3,160 | ▲ 516% |
| Profit (loss) for the period9904 | €15,092 | €68,086 | -€1,548 | -€14,792 | €12,338 | ▲ 183% |
| Profit (loss) for the period to be appropriated9905 | €15,092 | €68,086 | -€1,548 | -€14,792 | €12,338 | ▲ 183% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193,301 | €227,958 | €253,732 | €237,502 | €262,849 | ▲ 10.7% |
| Fixed assets21/28 | €22,325 | €11,137 | €8,037 | €6,348 | €7,540 | ▲ 18.8% |
| Tangible fixed assets22/27 | €17,069 | €5,931 | €2,831 | €1,142 | €2,334 | ▲ 104% |
| Plant, machinery and equipment23 | - | €269 | - | - | - | - |
| Furniture and vehicles24 | - | €5,662 | €2,831 | €1,142 | €2,334 | ▲ 104% |
| Financial fixed assets28 | €5,255 | €5,206 | €5,206 | €5,206 | €5,206 | = |
| Current assets29/58 | €170,977 | €216,821 | €245,696 | €231,154 | €255,309 | ▲ 10.4% |
| Stocks and contracts in progress3 | €135,900 | €178,750 | €206,900 | €181,900 | €199,093 | ▲ 9.5% |
| Stocks30/36 | - | €178,750 | €206,900 | €181,900 | €199,093 | ▲ 9.5% |
| Amounts receivable within one year40/41 | €1,754 | €12,851 | €22,126 | €43,062 | €15,608 | ▼ 63.8% |
| Trade receivables40 | - | €12,851 | €22,023 | €43,062 | €15,608 | ▼ 63.8% |
| Other amounts receivable41 | - | - | €103 | €0 | - | - |
| Cash at bank and in hand54/58 | €32,737 | €23,371 | €14,958 | €5,024 | €33,760 | ▲ 572% |
| Deferred charges and accrued income490/1 | - | €1,848 | €1,712 | €1,168 | €6,849 | ▲ 486% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193,301 | €227,958 | €253,732 | €237,502 | €262,849 | ▲ 10.7% |
| Equity10/15 | -€45,342 | €24,579 | €23,039 | €8,248 | €20,585 | ▲ 150% |
| Contributions10/11 | - | €18,592 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €32,003 | €1,859 | €1,859 | €1,859 | €1,985 | ▲ 6.8% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | - | €126 | - |
| Profit (loss) carried forward14 | -€95,937 | €4,128 | €2,580 | -€12,212 | €0 | ▲ 100% |
| Provisions and deferred taxes16 | €279 | - | - | - | - | - |
| Amounts payable17/49 | €238,365 | €203,379 | €230,693 | €229,255 | €242,264 | ▲ 5.7% |
| Amounts payable after more than one year17 | €90,151 | €2,100 | - | - | - | - |
| Financial debts170/4 | - | €2,100 | - | - | - | - |
| Amounts payable within one year42/48 | €148,214 | €201,279 | €230,693 | €229,255 | €242,264 | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | - | €3,113 | €2,100 | €0 | - | - |
| Trade debts44 | €72,157 | €41,115 | €56,062 | €55,846 | €78,690 | ▲ 40.9% |
| Suppliers440/4 | - | €41,115 | €56,062 | €55,846 | €78,690 | ▲ 40.9% |
| Advances received on contracts in progress46 | - | - | €10,165 | €32,073 | €10,165 | ▼ 68.3% |
| Taxes, remuneration and social security45 | - | €4,300 | €11,908 | €3,122 | €10,025 | ▲ 221% |
| Taxes450/3 | - | €2,561 | €10,205 | €1,370 | €8,180 | ▲ 497% |
| Remuneration and social security454/9 | - | €1,739 | €1,703 | €1,752 | €1,844 | ▲ 5.3% |
| Other amounts payable47/48 | - | €152,751 | €150,458 | €138,214 | €143,384 | ▲ 3.7% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,092 | €68,086 | -€1,548 | -€14,792 | €12,338 | ▲ 183% |
| + Depreciation and write-downs630 | €4,480 | €4,265 | €3,100 | €3,119 | €486 | ▼ 84.4% |
| Operating cash flow (approximation) | €19,573 | €72,351 | €1,552 | -€11,673 | €12,824 | ▲ 210% |
| Investment in fixed assets (approximation) | - | - | €0 | -€1,430 | -€1,678 | ▼ 17.3% |
| Change in cash | - | - | -€8,413 | -€9,934 | €28,736 | ▲ 389% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €12,338
Net result €12,338 after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet -€14,792
Net result drops to -€14,792, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €68,086 ▲351%
Operating result €73,791, net result €68,086, both a record.
2021
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
2016
19-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 1991
Ground area
305 m²
Building footprint
248 m²
Volume, LiDAR
2,488 m³
2 parcels, Flanders · tallest building 17.4 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
ANTWERP DIAMOND JEWELRY
since 19912.052.838.219
ANTWERP DIAMOND JEWELRY
since 19912.052.838.318
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1234/00T012 | Flanders | 167 m² | 1 · 110 m² | 17.4 m · 4 fl. |
| 31806F0633/00B000 | Flanders | 137 m² | 1 · 137 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,017 companies in sector 47770 we hold annual accounts for 899. 489 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-04-1991
Fiscal year end30-06
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0443898625
Also
9925:BE0443898625
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.