A.D.J
ActiveSummary
The computed 12-month bankruptcy probability of A.D.J is 1.8% (moderate). The 2025 annual accounts show equity of €8k and a net result of €-5k. Equity is shrinking by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 13417 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency92▼-8
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67%
Return on assets
-40.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
8 d late
2023
37 d early
2022
11 d late
2021
8 d late
2020
29 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€8k▼ 37.7%
2024 · €13k
2018: €20khighest in 8 years
2019: €14k▼ -29.3% vs 2018
2020: €20k▲ +38.1% vs 2019
2021: €16k▼ -16.4% vs 2020
2022: €5k▼ -69.3% vs 2021
2023: €-782▼ -116% vs 2022lowest in 8 years
2024: €13k▲ +1792% vs 2023
2025: €8k▼ -37.7% vs 2024
2018 → 2025
Total assets
€12k▼ 23.7%
2024 · €16k
2018: €29khighest in 8 years
2019: €20k▼ -32.4% vs 2018
2020: €21k▲ +8.0% vs 2019
2021: €19k▼ -11.2% vs 2020
2022: €13k▼ -29.3% vs 2021
2023: €9k▼ -31.8% vs 2022lowest in 8 years
2024: €16k▲ +78.3% vs 2023
2025: €12k▼ -23.7% vs 2024
2018 → 2025
Net result
€-5k
2024 · €14k
2018: €4k
2019: €-6k▼ -249% vs 2018
2020: €5k▲ +192% vs 2019
2021: €-3k▼ -160% vs 2020
2022: €-11k▼ -253% vs 2021lowest in 8 years
2023: €-6k▲ +48.9% vs 2022
2024: €14k▲ +341% vs 2023highest in 8 years
2025: €-5k▼ -136% vs 2024
2018 → 2025
Working capital
€3k▼ 63.6%
2024 · €8k
2018: €8k
2019: €8k▼ -5.5% vs 2018
2020: €13k▲ +77.0% vs 2019highest in 8 years
2021: €11k▼ -21.0% vs 2020
2022: €-368▼ -103% vs 2021
2023: €-6k▼ -1580% vs 2022lowest in 8 years
2024: €8k▲ +227% vs 2023
2025: €3k▼ -63.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€5k▼ 69.3%€-782€13k€8k▼ 37.7%
2021: €16khighest in 5 years
2022: €5k▼ -69.3% vs 2021
2023: €-782▼ -116% vs 2022lowest in 5 years
2024: €13k▲ +1792% vs 2023
2025: €8k▼ -37.7% vs 2024
Operating result€-3k-€-11k▼ 260%€-6k▲ 49.8%€14k€-5k
2021: €-3k
2022: €-11k▼ -260% vs 2021lowest in 5 years
2023: €-6k▲ +49.8% vs 2022
2024: €14k▲ +357% vs 2023highest in 5 years
2025: €-5k▼ -133% vs 2024
Net result€-3k-€-11k▼ 253%€-6k▲ 48.9%€14k€-5k
2021: €-3k
2022: €-11k▼ -253% vs 2021lowest in 5 years
2023: €-6k▲ +48.9% vs 2022
2024: €14k▲ +341% vs 2023highest in 5 years
2025: €-5k▼ -136% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €14k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12k
Fixed assets
€5k =
Current assets
€7k ▼ 35.6%
Equity and liabilities €12k
Equity
€8k ▼ 37.7%
Debt
€4k ▲ 40.1%
Debt's share of the balance-sheet total rises from 18.0% to 33.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.70▼
2024 · 3.70
Debt to equity
0.49▲
2024 · 0.22
ROE
-60.4%▼
2024 · 105.9%
ROA
-40.5%▼
2024 · 86.9%
Debt ≤ 1 year
€4k▲
2024 · €3k
Staff costs
€8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€16k€12k▼
Fixed assets21/28€5k€5k=
Financial fixed assets28€5k€5k=
Current assets29/58€11k€7k▼
Stocks and contracts in progress3€506-
Stocks30/36€506-
Amounts receivable within one year40/41€195-
Other amounts receivable41€195-
Cash at bank and in hand54/58€7k€1k▼
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€16k€12k▼
Equity10/15€13k€8k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-7k€-12k▼
Amounts payable17/49€3k€4k▲
Amounts payable within one year42/48€3k€4k▲
Trade debts44€921€317▼
Suppliers440/4€921€317▼
Taxes, remuneration and social security45€348€879▲
Taxes450/3€348€127▼
Remuneration and social security454/9-€753
Other amounts payable47/48€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€8k
Other operating charges640/8€723€887▲
Gross operating margin9900€15k€4k▼
Operating profit (loss)9901€14k€-5k▼
Financial charges65/66B€454€191▼
Recurring financial charges65€454€191▼
Profit (loss) for the period before taxes9903€14k€-5k▼
Profit (loss) for the period9904€14k€-5k▼
Profit (loss) for the period to be appropriated9905€14k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-12k▼
Profit (loss) brought forward from the previous period14P€-21k€-7k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €8k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €413 | €413 | - | - | - | - |
| Other operating charges640/8 | €912 | €1k | €2k | €723 | €887 | ▲ 22.7% |
| Non-recurring operating charges66A | €3k | - | - | - | - | - |
| Gross operating margin9900 | €2k | €-9k | €-4k | €15k | €4k | ▼ 72.0% |
| Operating profit (loss)9901 | €-3k | €-11k | €-6k | €14k | €-5k | ▼ 133% |
| Financial charges65/66B | €111 | €165 | €183 | €454 | €191 | ▼ 57.9% |
| Recurring financial charges65 | €111 | €165 | €183 | €454 | €191 | ▼ 57.9% |
| Profit (loss) for the period before taxes9903 | €-3k | €-11k | €-6k | €14k | €-5k | ▼ 136% |
| Profit (loss) for the period9904 | €-3k | €-11k | €-6k | €14k | €-5k | ▼ 136% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-11k | €-6k | €14k | €-5k | ▼ 136% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19k | €13k | €9k | €16k | €12k | ▼ 23.7% |
| Fixed assets21/28 | €6k | €5k | €5k | €5k | €5k | = |
| Tangible fixed assets22/27 | €413 | - | - | - | - | - |
| Furniture and vehicles24 | €413 | - | - | - | - | - |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €13k | €8k | €4k | €11k | €7k | ▼ 35.6% |
| Stocks and contracts in progress3 | €718 | €431 | €520 | €506 | - | - |
| Stocks30/36 | €718 | €431 | €520 | €506 | - | - |
| Amounts receivable within one year40/41 | €1k | €3k | €100 | €195 | - | - |
| Trade receivables40 | - | €3k | - | - | - | - |
| Other amounts receivable41 | €1k | €146 | €100 | €195 | - | - |
| Cash at bank and in hand54/58 | €11k | €4k | €3k | €7k | €1k | ▼ 81.1% |
| Deferred charges and accrued income490/1 | €390 | €419 | €439 | €3k | €6k | ▲ 96.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19k | €13k | €9k | €16k | €12k | ▼ 23.7% |
| Equity10/15 | €16k | €5k | €-782 | €13k | €8k | ▼ 37.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-4k | €-15k | €-21k | €-7k | €-12k | ▼ 68.9% |
| Amounts payable17/49 | €2k | €8k | €10k | €3k | €4k | ▲ 40.1% |
| Amounts payable within one year42/48 | €2k | €8k | €10k | €3k | €4k | ▲ 40.1% |
| Trade debts44 | €1k | €4k | €4k | €921 | €317 | ▼ 65.6% |
| Suppliers440/4 | €1k | €4k | €4k | €921 | €317 | ▼ 65.6% |
| Taxes, remuneration and social security45 | €900 | €2k | €278 | €348 | €879 | ▲ 153% |
| Taxes450/3 | €900 | €2k | €278 | €348 | €127 | ▼ 63.7% |
| Remuneration and social security454/9 | - | - | - | - | €753 | - |
| Other amounts payable47/48 | €278 | €2k | €5k | €2k | €3k | ▲ 75.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-11k | €-6k | €14k | €-5k | ▼ 136% |
| + Depreciation and write-downs630 | €413 | €413 | - | - | - | - |
| Operating cash flow (approximation) | €-3k | €-11k | €-6k | €14k | €-5k | ▼ 136% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-7k | €-1k | €5k | €-6k | ▼ 227% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after 3 loss-making years.
31-12
Financial
Liquidity times 10current ratio 3.70
Current ratio from 0.37 to 3.70; short-term debt falls from €10k to €3k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 10.12
Current ratio from 2.42 to 10.12; short-term debt falls from €5k to €1k.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuze-en-Hainaut · 1 establishment unit since 2004
Ground area
1,446 m²
Building footprint
199 m²
Volume, LiDAR
2,078 m³
2 parcels, Wallonia · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ADJ
since 20042.137.077.571
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57020A0114/00R002 | Wallonia | 1,323 m² | 1 · 106 m² | 11.2 m · 3 fl. |
| 57048D0289/00B000 | Wallonia | 123 m² | 1 · 93 m² | 13.2 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 14,009 companies in sector 56301 we hold annual accounts for 4,892. 3,326 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)
Founded09-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56111Full-service restaurants
Contact
Phone
069/666118Leuze-en-Hainaut
Scores and ratios are computed by Checked and are not a credit decision.