ADAEQUATIO
ActiveSummary
ADAEQUATIO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106,445 and a net result of €25,596. Equity is growing by ~43.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-3
Solvency32▲+1
Growth46=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.12 in 2024; short-term debt: 16.7% and cash: 1.4% of total assets), and 92.6% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · 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
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7.4%
Return on assets
1.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 942 sector peers (2025).
NBB · sector comparisonPosition among 942 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
27 d late
2023
29 d late
2022
30 d late
2021
39 d early
2020
23 d late
2019
21 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 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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. Usually files around 27 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€665,251▼ 64.0%
2019 · €1.8m
EBIT margin
7.3%▲ 3.0pp
2019 · 4.3%
Net result
€25,596▼ 35.9%
2024 · €39,945
Working capital
€40,698▲ 38.4%
2024 · €29,396
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20212022202320242025
Turnover
Operating result€222,258▲ 359%€218,744▼ 1.6%€139,071▼ 36.4%€146,252▲ 5.2%€129,913▼ 11.2%
Net result€223,299above the sector's middle half▲ 410%€133,460above the sector's middle half▼ 40.2%€45,055within the sector's middle half▼ 66.2%€39,945within the sector's middle half▼ 11.3%€25,596within the sector's middle half▼ 35.9%
EBIT margin
Equity-€137,611below the sector's middle half▲ 61.9%-€4,151below the sector's middle half▲ 97.0%€40,904below the sector's middle half€80,849within the sector's middle half▲ 97.7%€106,445below the sector's middle half▲ 31.7%
Total assets€204,548within the sector's middle half▲ 66.5%€1.3mabove the sector's middle half▲ 546%€1.4mwithin the sector's middle half▲ 3.3%€1.4mwithin the sector's middle half▲ 4.3%€1.4mwithin the sector's middle half▲ 1.3%
Debt€342,159▼ 29.3%€200,068▼ 41.5%€208,202▲ 4.1%€237,388▲ 14.0%€240,680▲ 1.4%
Working capital-€145,693below the sector's middle half▲ 59.8%-€35,154below the sector's middle half▲ 75.9%-€143within the sector's middle half▲ 99.6%€29,396within the sector's middle half€40,698within the sector's middle half▲ 38.4%
Solvency-67.3%below the sector's middle half▲ 226.6pp-0.3%below the sector's middle half▲ 67.0pp3.0%below the sector's middle half▲ 3.3pp5.7%below the sector's middle half▲ 2.7pp7.4%below the sector's middle half▲ 1.7pp
Current ratio0.57below the sector's middle half▲ 0.320.82below the sector's middle half▲ 0.251.00within the sector's middle half▲ 0.181.12within the sector's middle half▲ 0.121.17within the sector's middle half▲ 0.05
Return on assets (ROA)109.2%above the sector's middle half▲ 73.5pp10.1%within the sector's middle half▼ 99.1pp3.3%within the sector's middle half▼ 6.8pp2.8%within the sector's middle half▼ 0.5pp1.8%within the sector's middle half▼ 1.0pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Net result +410% on 2020. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.2m ▲ 0.3%
Current assets
€281,377 ▲ 5.5%
Equity and liabilities €1.4m
Equity
€106,445 ▲ 31.7%
Provisions
€1.1m ▼ 1.0%
Debt
€240,680 ▲ 1.4%
Debt's share of the balance-sheet total stays at 16.7%.
Key figures and ratios
EBITDA
€130,675▼
2024 · €147,934
Cash flow
€26,358▼
2024 · €41,627
Debt to equity
2.26▼
2024 · 2.94
ROE
24.0%▼
2024 · 49.4%
Interest coverage
1.49▼
2024 · 1.67
Debt ≤ 1 year
€240,680▲
2024 · €237,388
Income taxes
€16,351▼
2024 · €17,778
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,177 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,184 | €1,049 | €1,973 | €1,682 | €762 | ▼ 54.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€10,017 | -€10,287 | -€10,531 | ▼ 2.4% |
| Other operating charges640/8 | €719 | €2,594 | €2,311 | €2,919 | €3,711 | ▲ 27.1% |
| Gross operating margin9900 | €227,161 | €222,386 | €133,338 | €140,566 | €123,855 | ▼ 11.9% |
| Operating profit (loss)9901 | €222,258 | €218,744 | €139,071 | €146,252 | €129,913 | ▼ 11.2% |
| Financial income75/76B | €1,851 | €33 | €0 | €7 | €26 | ▲ 251% |
| Recurring financial income75 | €1,851 | €33 | €0 | €7 | €26 | ▲ 251% |
| Financial charges65/66B | €664 | €85,151 | €87,465 | €88,537 | €87,992 | ▼ 0.6% |
| Recurring financial charges65 | €664 | €85,151 | €87,465 | €88,537 | €87,992 | ▼ 0.6% |
| Profit (loss) for the period before taxes9903 | €223,445 | €133,625 | €51,607 | €57,722 | €41,947 | ▼ 27.3% |
| Income taxes67/77 | €146 | €165 | €6,552 | €17,778 | €16,351 | ▼ 8.0% |
| Profit (loss) for the period9904 | €223,299 | €133,460 | €45,055 | €39,945 | €25,596 | ▼ 35.9% |
| Profit (loss) for the period to be appropriated9905 | €223,299 | €133,460 | €45,055 | €39,945 | €25,596 | ▼ 35.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €204,548 | €1.3m | €1.4m | €1.4m | €1.4m | ▲ 1.3% |
| Fixed assets21/28 | €8,082 | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 0.3% |
| Tangible fixed assets22/27 | €8,082 | €1,795 | €1,822 | €1,940 | €5,704 | ▲ 194% |
| Plant, machinery and equipment23 | €969 | €906 | €311 | €116 | - | - |
| Furniture and vehicles24 | €7,114 | €888 | €1,511 | €1,825 | €5,704 | ▲ 213% |
| Financial fixed assets28 | - | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €196,466 | €164,914 | €208,059 | €266,784 | €281,377 | ▲ 5.5% |
| Amounts receivable within one year40/41 | €176,029 | €113,046 | €161,443 | €200,738 | €252,477 | ▲ 25.8% |
| Trade receivables40 | €119,746 | €111,645 | €99,042 | €134,343 | €87,071 | ▼ 35.2% |
| Other amounts receivable41 | €56,283 | €1,401 | €62,401 | €66,395 | €165,407 | ▲ 149% |
| Current investments50/53 | €5,500 | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Cash at bank and in hand54/58 | €13,927 | €44,863 | €18,134 | €56,282 | €19,995 | ▼ 64.5% |
| Deferred charges and accrued income490/1 | €1,010 | €1,505 | €22,981 | €4,264 | €3,405 | ▼ 20.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €204,548 | €1.3m | €1.4m | €1.4m | €1.4m | ▲ 1.3% |
| Equity10/15 | -€137,611 | -€4,151 | €40,904 | €80,849 | €106,445 | ▲ 31.7% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | - | - | - | - | €25,500 | - |
| Distributable reserves133 | - | - | - | - | €25,500 | - |
| Profit (loss) carried forward14 | -€199,111 | -€65,651 | -€20,596 | €19,349 | €19,445 | ▲ 0.5% |
| Provisions and deferred taxes16 | - | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 1.0% |
| Provisions for liabilities and charges160/5 | - | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 1.0% |
| Other liabilities and charges164/5 | - | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 1.0% |
| Amounts payable17/49 | €342,159 | €200,068 | €208,202 | €237,388 | €240,680 | ▲ 1.4% |
| Amounts payable within one year42/48 | €342,159 | €200,068 | €208,202 | €237,388 | €240,680 | ▲ 1.4% |
| Trade debts44 | €320,455 | €131,181 | €72,474 | €67,558 | €20,233 | ▼ 70.1% |
| Suppliers440/4 | €320,455 | €131,181 | €72,474 | €67,558 | €20,233 | ▼ 70.1% |
| Taxes, remuneration and social security45 | €14,897 | €24,513 | €16,588 | €26,994 | €23,828 | ▼ 11.7% |
| Taxes450/3 | €14,897 | €24,513 | €16,588 | €26,994 | €23,828 | ▼ 11.7% |
| Other amounts payable47/48 | €6,806 | €44,374 | €119,140 | €142,836 | €196,619 | ▲ 37.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €223,299 | €133,460 | €45,055 | €39,945 | €25,596 | ▼ 35.9% |
| + Depreciation and write-downs630 | €4,184 | €1,049 | €1,973 | €1,682 | €762 | ▼ 54.7% |
| Operating cash flow (approximation) | €227,483 | €134,509 | €47,028 | €41,627 | €26,358 | ▼ 36.7% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€2,000 | -€1,800 | -€4,526 | ▼ 151% |
| Change in cash | - | €30,935 | -€26,728 | €38,148 | -€36,287 | ▼ 195% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €25,596 ▼35.9%
Net result drops to €25,596, the lowest in the series.
31-12
Financial
Equity above €100,000Eq €106,445 ▲31.7%
8 profitable years in a row build equity to €106,445.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €223,299 ▲410%
Operating result €222,258, net result €223,299, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Braine-l'Alleud · 1 establishment unit since 2007
Ground area
3,041 m²
Building footprint
612 m²
Volume, LiDAR
3,220 m³
Parcel 25743G0160/00D000, Wallonia · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 establishment unit
ADAEQUATIO
since 20072.165.039.505
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25743G0160/00D000 | Wallonia | 3,041 m² | 1 · 612 m² | 6.1 m · 2 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
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
99%
-
50%
According to the 2025 annual accounts of ADAEQUATIO and those 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.
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Of 24,516 companies in sector 82990 we hold annual accounts for 9,420. 7,189 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
68121Development of residential building projects
68122Development of non-residential building projects
Contact
Phone
063/57.04.03Braine-l'Alleud
Fax
063/390.226Braine-l'Alleud
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891794046
Also
9925:BE0891794046
Registered
15-07-2025
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.