ADAGIO

Active

Private limited companyfounded 2005active for 21 yearsSteenhuyze(HEU) 17, 9070 Destelbergen, BelgiumKBO/BCE: BE 0871.371.685

Summary

The annual accounts of ADAGIO for financial year 2025 show a net loss of 71% of total assets. The 2025 annual accounts show equity of €169,412 and a net result of -€158,440. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 86% of 551 sector peers (NACE 79, financial year 2025). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

ADAGIOActiveChecked score 55/100

Risk analysis Report Compare

Activity

Travel agency, tour operator and other reservation service and related activities

NACE 79120

1 site

Size

€224,128total assets 2025

Equity: €169,412
Loss: -€158,440

Turnover not published (micro format)

Financial health

55 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

2025 accounts filed 20 days late8 deeds in the Belgian Official Gazette

Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €158,440 (financial year 2025)lowers riskLiquidity: current ratio 5.88, cash €143,965Equity €169,412 (75.6% of total assets)Size: total assets €224,128Show the evidence

Checked score

Score 2025

55 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 50% of its sector peers (NACE 79, micro)

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100+3

equity 75.6% of total assets

Liquidity 96-4

short-term debt 15.9% · cash 64.2%

Profitability 0-77

return on assets -70.7%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,001 companies, NACE 79, micro)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: 0.1%● unchanged vs 09-2026highest value

Credit of up to €9,000 on 30-day terms, only on tighter conditions

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity ample (current ratio 5.88, compared with 11.19 in 2024, above the usual 1.5; short-term debt: 15.9% and cash: 64.2% of total assets), and 24.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 79, micro): better than 93% on solvency, 91% on liquidity, 6% on profitability and 9% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises risk

Loss of €158,440 (financial year 2025)

NBB · annual accounts

Liquidity: current ratio 5.88, cash €143,965

NBB · annual accounts

Equity €169,412 (75.6% of total assets)

NBB · annual accounts

Size: total assets €224,128

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

2025 accounts filed 20 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

20 days late

2024

17 days early

2023

33 days early

2022

25 days late

2021

23 days early

2020

24 days late

2019

31 days late

← 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 4 days after the deadline; the sector median (NACE 79) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 filed years within 37 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

20-08-2026 Annual accounts filedfinancial year 2025 · micro…
31-12-2025 Weakest financial yearnet -€158,440
14-07-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Caution: From profit to loss in 2025after €30,987 in 2024 -€158,440 View
Caution: Among the weakest 5% on net resultsector median €5,713 · 551 companies -€158,440 View
Total assets 20256 financial years filed €224,128 View

By topic

Financials

Financial year: 2025
Total assets: €224,128
Loss: -€158,440
Solvency: 75.6%

Total assets▼ 50.6%

Net result

20192025

Go to Financials

Timeline

Events: 25
Since: 2007
Next accounts: by 31-07-2027

31-12-2024Highest result from 2019 to 2025
31-12-2024Liquidity more than quadruples
28-06-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Travel agency, tour operator and other reservation service…NACE 79120
Founded: 17-01-2005
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about ADAGIO

What is the company number of ADAGIO?: 0871.371.685. In Belgium the VAT number is the company number with BE in front: BE 0871.371.685.
Where is ADAGIO based?: The registered office is at Steenhuyze(HEU) 17, 9070 Destelbergen.Company details
What does ADAGIO do?: According to the KBO register, the main activity is travel agency, tour operator and other reservation service and related activities (NACE 79120).
What is the legal form of ADAGIO?: Private limited company (BV).
When was ADAGIO founded?: On 17-01-2005.
Is ADAGIO still active?: Yes, ADAGIO is an active enterprise in the KBO register.
How many employees does ADAGIO have?: On average 0.3 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
What is the turnover of ADAGIO?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is ADAGIO profitable?: In financial year 2025, ADAGIO made a loss of €158,440.
Where can I find the annual accounts of ADAGIO?: ADAGIO filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ADAGIO due?: By 31-07-2027, for financial year 2026.Timeline