ADAAM

Active

Private limited companyfounded 20197 yrs activeStreekbaan 199, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0728.643.709

ADAAM has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €-385. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 7740 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

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Checked score

Score 2025

46 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability68▼-26

Solvency36▼-2

Growth32=

Track record100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.05 against 1.08 in 2024; short-term debt: 88.9% and cash: 7.6% of total assets), and 88.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

11.1%

Return on assets

-0.3%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 7740 sector peers (2025).

NBB · sector comparison

Position among 7740 sector peers

Solvency

better than 20%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 7 filings

Deviation from the deadline

2025

14 d late

2024

29 d late

2023

on the day

2022

4 d early

2021

41 d early

2020

60 d early

2019

74 d early

← before the deadline after the deadline →

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 months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€13k▼ 2.8%

2024 · €14k

2019: €24k 2020: €35k 2021: €52k 2022: €44k 2023: €-7k 2024: €14k

2019 → 2025

Total assets

€121k▲ 15.6%

2024 · €104k

2019: €37k 2020: €47k 2021: €84k 2022: €140k 2023: €43k 2024: €104k

2019 → 2025

Net result

€-385

2024 · €21k

2019: €25k 2020: €11k 2021: €31k 2022: €39k 2023: €-51k 2024: €21k

2019 → 2025

Working capital

€6k▼ 19.1%

2024 · €7k

2019: €24k 2020: €28k 2021: €35k 2022: €33k 2023: €-14k 2024: €7k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€52k-€44k▼ 15.2%€-7k€14k€13k▼ 2.8%

Operating result€43k-€51k▲ 17.8%€-47k€17k€-3

Net result€31k-€39k▲ 24.7%€-51k€21k€-385

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 €3 after €17k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €121k

93.7%

Fixed assets €8k▲ 14.6%

Current assets €113k▲ 15.6%

Equity and liabilities €121k

11%

88.9%

Equity €13k▼ 2.8%

Debt €107k▲ 18.4%

The debt ratio rises from 86.8% to 88.9%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€5k▼

2024 · €21k

Cash flow

€4k▼

2024 · €24k

Solvency

11.1%▼

2024 · 13.2%

Current ratio

1.05▼

2024 · 1.08

Quick ratio

1.05▼

2024 · 1.08

Debt / equity

8.02▲

2024 · 6.58

ROE

-2.9%▼

2024 · 150.6%

ROA

-0.3%▼

2024 · 19.9%

Interest coverage

25.67▼

2024 · 66.23

Debt

€107k▲

2024 · €91k

Debt ≤ 1 year

€107k▲

2024 · €91k

Income taxes

€204▲

2024 · €-4k

Staff costs

€11k▼

2024 · €40k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€104k€121k▲

Fixed assets21/28€7k€8k▲

Tangible fixed assets22/27€7k€8k▲

Furniture and vehicles24€5k€6k▲

Other tangible fixed assets26€2k€2k▼

Current assets29/58€98k€113k▲

Amounts receivable within one year40/41€29k€104k▲

Trade receivables40€29k€104k▲

Cash at bank and in hand54/58€68k€9k▼

Deferred charges and accrued income490/1€310€21▼

Equity and liabilities

Total equity and liabilities10/49€104k€121k▲

Equity10/15€14k€13k▼

Contributions10/11€100€100=

Profit (loss) carried forward14€14k€13k▼

Amounts payable17/49€91k€107k▲

Amounts payable within one year42/48€91k€107k▲

Trade debts44€25k€55k▲

Suppliers440/4€25k€55k▲

Taxes, remuneration and social security45€16k€16k▼

Taxes450/3€11k€16k▲

Remuneration and social security454/9€5k-

Other amounts payable47/48€49k€37k▼

Income statement Code20242025

Remuneration, social security and pensions62€40k€11k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲

Other operating charges640/8€677€1k▲

Gross operating margin9900€61k€16k▼

Operating profit (loss)9901€17k€-3▼

Financial income75/76B€29€0▼

Recurring financial income75€29€0▼

Financial charges65/66B€311€178▼

Recurring financial charges65€311€178▼

Profit (loss) for the period before taxes9903€17k€-181▼

Income taxes67/77€-4k€204▲

Profit (loss) for the period9904€21k€-385▼

Profit (loss) for the period to be appropriated9905€21k€-385▼

Appropriation of the result

Profit (loss) to be appropriated9906€14k€13k▼

Profit (loss) brought forward from the previous period14P€-7k€14k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 3Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

14-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 14 days late

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Back to profitnet €21k

Net result €21k after one loss-making year.

31-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-51k ▼231%

Net result drops to €-51k, the lowest in the series; recovery starts the following year.

27-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2019net €39k ▲24.7%

Operating result €51k, net result €39k, both a record.

20-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

01-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

18-05

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Vilvoorde · 3 establishment units since 2019

establishment All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Streekbaan 1991800 Vilvoorde

Ground area

2.5 ha

Building footprint

9,920 m²

Volume, LiDAR

73,833 m³

3 parcels, Flanders, Wallonia · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

ADAAM

Streekbaan 199, 1800 VilvoordeWholesale trade

since 20192.291.135.941

bePallet

Rue de Hainaut(CO) 30, 6180 CourcellesAgents in non-specialised wholesale trade

since 20202.314.194.128

Z. 5 Mollem 70, 1730 Asse

NACE 4532003

since 20212.314.194.029

3 parcels

Flanders 2 (66.7%) Wallonia 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52322A0114/00N003	Wallonia	1.8 ha	1 · 8,290 m²	10.7 m · 3 fl.
23053B0229/00T000	Flanders	6,721 m²	1 · 1,453 m²	8.2 m · 2 fl.
23088A0170/00P027	Flanders	301 m²	1 · 176 m²	13.3 m · 1 fl.