A D M
ActiveSummary
A D M has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€53,909) and a net result of €5,449. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 15872 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability61▲+57
Solvency0=
Growth72▲+17
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 0.88 in 2023; short-term debt: 91.9% and cash: 4.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-71.6%
Return on assets
7.2%
Age of the figures
21 mo
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 15872 sector peers (2024).
NBB · sector comparisonPosition among 15872 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
66 d late
2022
60 d late
2021
31 d late
2020
30 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 44 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€94,738▲ 33.6%
2023 · €70,932
EBIT margin
11.4%▲ 22.3pp
2023 · -10.9%
Net result
€5,449
2023 · -€13,149
Working capital
-€1,587▲ 81.8%
2023 · -€8,732
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Line20202021202220232024
Turnover€36,152▲ 94.2%€104,982▲ 190%€81,313▼ 22.5%€70,932▼ 12.8%€94,738▲ 33.6%
Operating result€7,859▲ 53.1%€2,028▼ 74.2%-€1,819-€7,759▼ 327%€10,762
Net result€6,347within the sector's middle half▲ 51.3%-€672within the sector's middle half-€5,406below the sector's middle half▼ 704%-€13,149below the sector's middle half▼ 143%€5,449within the sector's middle half
EBIT margin21.7%▼ 5.8pp1.9%▼ 19.8pp-2.2%▼ 4.2pp-10.9%▼ 8.7pp11.4%▲ 22.3pp
Equity-€40,131below the sector's middle half▲ 13.7%-€40,803below the sector's middle half▼ 1.7%-€46,209below the sector's middle half▼ 13.2%-€59,358below the sector's middle half▼ 28.5%-€53,909below the sector's middle half▲ 9.2%
Total assets€43,083below the sector's middle half▲ 71.9%€69,832below the sector's middle half▲ 62.1%€76,997within the sector's middle half▲ 10.3%€74,923within the sector's middle half▼ 2.7%€75,258within the sector's middle half▲ 0.4%
Debt€83,214▲ 16.3%€110,635▲ 33.0%€123,206▲ 11.4%€134,281▲ 9.0%€129,167▼ 3.8%
Working capital€9,892within the sector's middle half▲ 31.5%-€324within the sector's middle half-€2,034within the sector's middle half▼ 528%-€8,732below the sector's middle half▼ 329%-€1,587within the sector's middle half▲ 81.8%
Solvency-93.1%below the sector's middle half▲ 92.3pp-58.4%below the sector's middle half▲ 34.7pp-60.0%below the sector's middle half▼ 1.6pp-79.2%below the sector's middle half▼ 19.2pp-71.6%below the sector's middle half▲ 7.6pp
Current ratio1.41within the sector's middle half▼ 0.190.99within the sector's middle half▼ 0.420.97within the sector's middle half▼ 0.030.88below the sector's middle half▼ 0.090.98within the sector's middle half▲ 0.10
Return on assets (ROA)14.7%above the sector's middle half▼ 2.0pp-1.0%within the sector's middle half▼ 15.7pp-7.0%below the sector's middle half▼ 6.1pp-17.6%below the sector's middle half▼ 10.5pp7.2%within the sector's middle half▲ 24.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale 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 2024: €10,762 after a loss of €7,759 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €75,258
Fixed assets
€7,683 ▼ 20.9%
Current assets
€67,575 ▲ 3.6%
Key figures and ratios
EBITDA
€14,791▲
2023 · -€1,447
Cash flow
€9,478▲
2023 · -€6,837
Quick ratio
0.14▼
2023 · 0.16
Debt to equity
-2.40▼
2023 · -2.26
Interest coverage
2.78▲
2023 · -0.27
Debt ≤ 1 year
€69,162▼
2023 · €73,943
Debt > 1 year
€58,752=
2023 · €58,752
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 3,798 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €36,152 | €104,982 | €81,313 | €70,932 | €94,738 | ▲ 33.6% |
| Goods, raw materials, services and sundry goods60/61 | - | €96,460 | €76,198 | €71,422 | €78,795 | ▲ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,207 | €5,886 | €6,267 | €6,312 | €4,029 | ▼ 36.2% |
| Other operating charges640/8 | - | €608 | €667 | €957 | €1,151 | ▲ 20.3% |
| Gross operating margin9900 | €11,475 | €8,522 | €5,115 | -€490 | €15,942 | ▲ 3,353% |
| Operating profit (loss)9901 | €7,859 | €2,028 | -€1,819 | -€7,759 | €10,762 | ▲ 239% |
| Financial charges65/66B | - | €2,700 | €3,587 | €5,390 | €5,313 | ▼ 1.4% |
| Recurring financial charges65 | €1,512 | €2,700 | €3,587 | €5,390 | €5,313 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €6,347 | -€672 | -€5,406 | -€13,149 | €5,449 | ▲ 141% |
| Profit (loss) for the period9904 | €6,347 | -€672 | -€5,406 | -€13,149 | €5,449 | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €6,347 | -€672 | -€5,406 | -€13,149 | €5,449 | ▲ 141% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,083 | €69,832 | €76,997 | €74,923 | €75,258 | ▲ 0.4% |
| Fixed assets21/28 | €9,102 | €18,966 | €16,024 | €9,712 | €7,683 | ▼ 20.9% |
| Tangible fixed assets22/27 | €9,102 | €18,966 | €16,024 | €9,712 | €7,683 | ▼ 20.9% |
| Plant, machinery and equipment23 | - | - | - | - | €1,421 | - |
| Furniture and vehicles24 | - | €12,731 | €7,533 | €2,336 | - | - |
| Other tangible fixed assets26 | - | €6,235 | €8,491 | €7,376 | €6,262 | ▼ 15.1% |
| Current assets29/58 | €33,981 | €50,866 | €60,973 | €65,211 | €67,575 | ▲ 3.6% |
| Stocks and contracts in progress3 | €28,302 | €42,877 | €57,335 | €53,231 | €58,019 | ▲ 9.0% |
| Stocks30/36 | - | €42,877 | €57,335 | €53,231 | €58,019 | ▲ 9.0% |
| Amounts receivable within one year40/41 | €1,628 | €5,197 | €497 | €2,794 | €5,545 | ▲ 98.5% |
| Trade receivables40 | - | €4,898 | €401 | €2,190 | €4,874 | ▲ 123% |
| Other amounts receivable41 | - | €299 | €96 | €604 | €671 | ▲ 11.1% |
| Cash at bank and in hand54/58 | €3,270 | €1,645 | €1,993 | €7,911 | €3,099 | ▼ 60.8% |
| Deferred charges and accrued income490/1 | - | €1,147 | €1,148 | €1,275 | €912 | ▼ 28.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,083 | €69,832 | €76,997 | €74,923 | €75,258 | ▲ 0.4% |
| Equity10/15 | -€40,131 | -€40,803 | -€46,209 | -€59,358 | -€53,909 | ▲ 9.2% |
| Contributions10/11 | - | €20,451 | €20,451 | €20,451 | €20,451 | = |
| Profit (loss) carried forward14 | -€60,582 | -€61,254 | -€66,660 | -€79,809 | -€74,360 | ▲ 6.8% |
| Amounts payable17/49 | €83,214 | €110,635 | €123,206 | €134,281 | €129,167 | ▼ 3.8% |
| Amounts payable after more than one year17 | €58,752 | €58,752 | €58,752 | €58,752 | €58,752 | = |
| Other amounts payable178/9 | - | €58,752 | €58,752 | €58,752 | €58,752 | = |
| Amounts payable within one year42/48 | €24,089 | €51,190 | €63,007 | €73,943 | €69,162 | ▼ 6.5% |
| Financial debts43 | - | €48,000 | €58,500 | €67,004 | €63,004 | ▼ 6.0% |
| Credit institutions430/8 | - | €48,000 | €58,500 | €67,004 | €63,004 | ▼ 6.0% |
| Trade debts44 | €1,829 | €582 | €923 | €2,358 | €530 | ▼ 77.5% |
| Suppliers440/4 | - | €582 | €923 | €2,358 | €530 | ▼ 77.5% |
| Other amounts payable47/48 | - | €2,608 | €3,584 | €4,581 | €5,628 | ▲ 22.9% |
| Accrued charges and deferred income492/3 | - | €693 | €1,447 | €1,586 | €1,253 | ▼ 21.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,347 | -€672 | -€5,406 | -€13,149 | €5,449 | ▲ 141% |
| + Depreciation and write-downs630 | €3,207 | €5,886 | €6,267 | €6,312 | €4,029 | ▼ 36.2% |
| Operating cash flow (approximation) | €9,554 | €5,214 | €861 | -€6,837 | €9,478 | ▲ 239% |
| Investment in fixed assets (approximation) | - | -€15,750 | -€3,325 | €0 | -€2,000 | - |
| Change in cash | - | -€1,625 | €348 | €5,918 | -€4,812 | ▼ 181% |
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
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
31-12
Financial
Back to profitnet €5,449
Net result €5,449 after 3 loss-making years.
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 66 days late
2023
31-12
Financial
Weakest financial yearnet -€13,149
Net result drops to -€13,149, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €6,347 ▲51.3%
Net result €6,347, the highest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Momignies · 1 establishment unit since 1992
Ground area
1,262 m²
Building footprint
79 m²
Volume, LiDAR
681 m³
Parcel 56046B0491/00K000, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ADM
since 19922.060.246.445
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56046B0491/00K000 | Wallonia | 1,262 m² | 1 · 79 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMomignies2.060.246.445
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 757 companies in sector 46321 we hold annual accounts for 554. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-10-1992
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
01410Raising of dairy cattle
47110Non-specialised retail sale with food, beverages or tobacco predominating
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448412786
Registered
04-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.