A D W
ActiveSummary
The computed 12-month bankruptcy probability of A D W is 1.5% (moderate). The 2024 annual accounts show equity of €223,611 and a net result of €31,235. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 18934 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+13
Solvency66▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.34 in 2023; short-term debt: 17% and cash: 0.6% of total assets), and 59.3% of the assets are financed with debt.
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Signals
Three 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 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
81 d late
2023
1 d late
2022
32 d late
2021
17 d late
2020
9 d early
2019
24 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 24 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€223,611▲ 16.2%
2023 · €192,375
Total assets
€550,055▼ 3.1%
2023 · €567,583
Net result
€31,235▲ 4.6%
2023 · €29,854
Working capital
-€82,732▼ 102%
2023 · -€41,030
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Operating result€44,149▲ 9.4%€8,449▼ 80.9%€23,140▲ 174%€47,005▲ 103%€57,411▲ 22.1%
Net result€19,022above the sector's middle half▲ 23.5%-€6,487below the sector's middle half€5,377within the sector's middle half€29,854above the sector's middle half▲ 455%€31,235above the sector's middle half▲ 4.6%
Equity€63,632above the sector's middle half▲ 40.1%€157,144above the sector's middle half▲ 147%€162,521above the sector's middle half▲ 3.4%€192,375above the sector's middle half▲ 18.4%€223,611above the sector's middle half▲ 16.2%
Total assets€406,308above the sector's middle half▲ 1.4%€522,139above the sector's middle half▲ 28.5%€642,847above the sector's middle half▲ 23.1%€567,583above the sector's middle half▼ 11.7%€550,055above the sector's middle half▼ 3.1%
Debt€342,677▼ 3.5%€364,995▲ 6.5%€480,326▲ 31.6%€375,207▼ 21.9%€326,444▼ 13.0%
Working capital-€73,184below the sector's middle half▲ 20.3%-€26,688below the sector's middle half▲ 63.5%-€58,579below the sector's middle half▼ 119%-€41,030below the sector's middle half▲ 30.0%-€82,732below the sector's middle half▼ 102%
Solvency15.7%within the sector's middle half▲ 4.3pp30.1%within the sector's middle half▲ 14.4pp25.3%within the sector's middle half▼ 4.8pp33.9%within the sector's middle half▲ 8.6pp40.7%within the sector's middle half▲ 6.8pp
Current ratio0.33below the sector's middle half▲ 0.140.69within the sector's middle half▲ 0.370.54within the sector's middle half▼ 0.160.34below the sector's middle half▼ 0.190.12below the sector's middle half▼ 0.23
Return on assets (ROA)4.7%within the sector's middle half▲ 0.8pp-1.2%within the sector's middle half▼ 5.9pp0.8%within the sector's middle half▲ 2.1pp5.3%within the sector's middle half▲ 4.4pp5.7%within the sector's middle half▲ 0.4pp
Staff (FTE)1.1within the sector's middle half▲ 10.0%10.5▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 22% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €550,055
Fixed assets
€539,120 ▼ 1.3%
Current assets
€10,935 ▼ 49.2%
Equity and liabilities €550,055
Equity
€223,611 ▲ 16.2%
Debt
€326,444 ▼ 13.0%
Debt's share of the balance-sheet total falls from 66.1% to 59.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92,602▲
2023 · €80,361
Cash flow
€66,427▲
2023 · €63,211
Quick ratio
0.09▼
2023 · 0.21
Debt to equity
1.46▼
2023 · 1.95
ROE
14.0%▼
2023 · 15.5%
Interest coverage
5.87▲
2023 · 4.41
Debt ≤ 1 year
€93,667▲
2023 · €62,551
Debt > 1 year
€232,777▼
2023 · €307,554
Income taxes
€12,337▲
2023 · €801
Staff costs
€3,569▼
2023 · €30,686
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,696 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €34,129 | €26,754 | €30,686 | €3,569 | ▼ 88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €408 | €2,426 | €30,117 | €33,356 | €35,192 | ▲ 5.5% |
| Other operating charges640/8 | - | €6,374 | €3,001 | €3,239 | €4,723 | ▲ 45.8% |
| Non-recurring operating charges66A | - | - | €8,627 | - | €6,749 | - |
| Gross operating margin9900 | €100,097 | €51,378 | €91,639 | €114,286 | €107,643 | ▼ 5.8% |
| Operating profit (loss)9901 | €44,149 | €8,449 | €23,140 | €47,005 | €57,411 | ▲ 22.1% |
| Financial income75/76B | - | €99 | €1,244 | €1,886 | €1,944 | ▲ 3.1% |
| Recurring financial income75 | €62 | €99 | €1,244 | €1,886 | €1,944 | ▲ 3.1% |
| Financial charges65/66B | - | €14,999 | €18,868 | €18,235 | €15,782 | ▼ 13.5% |
| Recurring financial charges65 | €17,807 | €14,999 | €18,868 | €18,235 | €15,782 | ▼ 13.5% |
| Profit (loss) for the period before taxes9903 | €25,373 | -€6,451 | €5,516 | €30,656 | €43,573 | ▲ 42.1% |
| Income taxes67/77 | €6,351 | €36 | €140 | €801 | €12,337 | ▲ 1,440% |
| Profit (loss) for the period9904 | €19,022 | -€6,487 | €5,377 | €29,854 | €31,235 | ▲ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €19,022 | -€6,487 | €5,377 | €29,854 | €31,235 | ▲ 4.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €406,308 | €522,139 | €642,847 | €567,583 | €550,055 | ▼ 3.1% |
| Fixed assets21/28 | €370,969 | €461,875 | €575,013 | €546,062 | €539,120 | ▼ 1.3% |
| Tangible fixed assets22/27 | €370,809 | €461,715 | €574,844 | €545,892 | €539,095 | ▼ 1.2% |
| Land and buildings22 | - | €388,465 | €392,354 | €389,877 | €397,754 | ▲ 2.0% |
| Plant, machinery and equipment23 | - | €59,818 | €127,896 | €114,864 | €104,597 | ▼ 8.9% |
| Furniture and vehicles24 | - | €13,432 | €1,917 | €1,474 | €8,925 | ▲ 505% |
| Leasing and similar rights25 | - | - | €52,677 | €39,677 | €26,677 | ▼ 32.8% |
| Other tangible fixed assets26 | - | - | - | - | €1,142 | - |
| Financial fixed assets28 | €160 | €160 | €169 | €170 | €25 | ▼ 85.3% |
| Current assets29/58 | €35,339 | €60,264 | €67,834 | €21,521 | €10,935 | ▼ 49.2% |
| Stocks and contracts in progress3 | €6,315 | €5,056 | €6,014 | €8,163 | €2,430 | ▼ 70.2% |
| Stocks30/36 | - | €5,056 | €6,014 | €8,163 | €2,430 | ▼ 70.2% |
| Amounts receivable within one year40/41 | €19,908 | €36,611 | €42,001 | €8,480 | €4,210 | ▼ 50.4% |
| Trade receivables40 | - | €34,647 | €37,341 | €4,481 | €3,815 | ▼ 14.9% |
| Other amounts receivable41 | - | €1,964 | €4,660 | €3,999 | €395 | ▼ 90.1% |
| Cash at bank and in hand54/58 | €4,527 | €16,244 | €18,109 | €2,681 | €3,111 | ▲ 16.0% |
| Deferred charges and accrued income490/1 | - | €2,353 | €1,710 | €2,197 | €1,184 | ▼ 46.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €406,308 | €522,139 | €642,847 | €567,583 | €550,055 | ▼ 3.1% |
| Equity10/15 | €63,632 | €157,144 | €162,521 | €192,375 | €223,611 | ▲ 16.2% |
| Contributions10/11 | - | €118,600 | €118,600 | €118,600 | €118,600 | = |
| Reserves13 | €20,082 | €20,082 | €20,082 | €20,082 | €20,082 | = |
| Distributable reserves133 | - | €20,082 | €20,082 | €20,082 | €20,082 | = |
| Profit (loss) carried forward14 | €24,949 | €18,462 | €23,838 | €53,693 | €84,928 | ▲ 58.2% |
| Amounts payable17/49 | €342,677 | €364,995 | €480,326 | €375,207 | €326,444 | ▼ 13.0% |
| Amounts payable after more than one year17 | €231,323 | €252,704 | €311,015 | €307,554 | €232,777 | ▼ 24.3% |
| Financial debts170/4 | - | €252,704 | €311,015 | €307,554 | €232,077 | ▼ 24.5% |
| Other amounts payable178/9 | - | - | - | - | €700 | - |
| Amounts payable within one year42/48 | €108,523 | €86,952 | €126,413 | €62,551 | €93,667 | ▲ 49.7% |
| Current portion of amounts payable after more than one year42 | - | €28,405 | €50,641 | €10,667 | €43,592 | ▲ 309% |
| Financial debts43 | - | - | - | €7,103 | €5,248 | ▼ 26.1% |
| Credit institutions430/8 | - | - | - | €7,103 | €5,248 | ▼ 26.1% |
| Trade debts44 | €18,434 | €23,479 | €18,406 | €26,162 | €33,516 | ▲ 28.1% |
| Suppliers440/4 | - | €23,479 | €12,233 | €26,162 | €33,516 | ▲ 28.1% |
| Bills of exchange payable441 | - | - | €6,173 | - | - | - |
| Advances received on contracts in progress46 | - | - | - | €65 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €755 | €2,076 | €4,946 | €774 | ▼ 84.3% |
| Taxes450/3 | - | €672 | €1,188 | €3,239 | €774 | ▼ 76.1% |
| Remuneration and social security454/9 | - | €82 | €888 | €1,707 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €34,314 | €55,291 | €13,608 | €10,537 | ▼ 22.6% |
| Accrued charges and deferred income492/3 | - | €25,339 | €42,898 | €5,102 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,022 | -€6,487 | €5,377 | €29,854 | €31,235 | ▲ 4.6% |
| + Depreciation and write-downs630 | €408 | €2,426 | €30,117 | €33,356 | €35,192 | ▲ 5.5% |
| Operating cash flow (approximation) | €19,430 | -€4,061 | €35,494 | €63,211 | €66,427 | ▲ 5.1% |
| Investment in fixed assets (approximation) | - | -€93,332 | -€143,255 | -€4,406 | -€28,250 | ▼ 541% |
| Change in cash | - | €11,717 | €1,865 | -€15,428 | €430 | ▲ 103% |
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
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 81 days late
2024
31-12
Financial
Highest result since 2018net €31,235 ▲4.6%
Operating result €57,411, net result €31,235, both a record.
31-12
Financial
Equity above €200,000Eq €223,611 ▲16.2%
3 profitable years in a row build equity to €223,611.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €5,377
Net result €5,377 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Weakest financial yearnet -€6,487
Net result drops to -€6,487, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €157,144 ▲147%
Equity rises from €63,632 to €157,144.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
15-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Merelbeke-Melle · 1 establishment unit since 2011
Ground area
202 m²
Building footprint
106 m²
Volume, LiDAR
828 m³
Parcel 44043A0177/00B003, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ADW
since 20112.196.572.621
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0177/00B003 | Flanders | 202 m² | 1 · 106 m² | 10.3 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
47.61%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMerelbeke-Melle2.196.572.621
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. 6,433 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
Founded21-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
mlamelot@yahoo.comMerelbeke-Melle
Phone
092202626Merelbeke-Melle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833047282
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.