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ADAK

Active
Private limited companyfounded 198739 yrs activeWaterloosesteenweg 1575, 1180 Ukkel, BelgiumKBO/BCE: BE 0430.602.202
Summary

ADAK has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€518) and a net result of €4,147. Equity is growing by ~29.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency15▲+15
Growth63=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.91 against 0.53 in 2024; short-term debt: 110.1% and cash: 2.1% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
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 →
raises risk · 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
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 2025
Solvency, return and age of the figures
Solvency
-10.1%
Return on assets
81.2%
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 10% of 7833 sector peers (2025).
NBB · sector comparison
Position among 7833 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-04-2026, 108 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
108 d early
2024
94 d early
2023
114 d early
2022
62 d early
2021
103 d early
2020
96 d early
2019
84 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 94 days before 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

ADAK was incorporated on 25 February 1987.1 Revenue went from EUR 5,000 in 2018 to EUR 5,000 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2023

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Financials · fiscal year 2025, micro schema

Turnover
€5,000=
2022 · €5,000
EBIT margin
51.5%▼ 32.5pp
2022 · 84.0%
Net result
€4,147▼ 22.5%
2024 · €5,348
Working capital
-€518▲ 88.9%
2024 · -€4,665
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€5,000=€5,000=€5,000=
Operating result€4,210▼ 0.3%€4,202▼ 0.2%€2,576▼ 38.7%€4,322▲ 67.8%€4,201▼ 2.8%
Net result€4,156within the sector's middle half▼ 0.3%€4,148within the sector's middle half▼ 0.2%€1,415within the sector's middle half▼ 65.9%€5,348within the sector's middle half▲ 278%€4,147within the sector's middle half▼ 22.5%
EBIT margin84.2%▼ 0.3pp84.0%▼ 0.2pp51.5%▼ 32.5pp
Equity-€15,575below the sector's middle half▲ 21.1%-€11,427below the sector's middle half▲ 26.6%-€10,012below the sector's middle half▲ 12.4%-€4,665below the sector's middle half▲ 53.4%-€518below the sector's middle half▲ 88.9%
Total assets€38below the sector's middle half▼ 38.5%€5,085below the sector's middle half▲ 13,410%€5,074below the sector's middle half▼ 0.2%€5,160below the sector's middle half▲ 1.7%€5,107below the sector's middle half▼ 1.0%
Debt€15,613▼ 21.1%€16,513▲ 5.8%€15,086▼ 8.6%€9,825▼ 34.9%€5,625▼ 42.7%
Working capital-€15,575within the sector's middle half▲ 21.1%-€11,427below the sector's middle half▲ 26.6%-€10,012within the sector's middle half▲ 12.4%-€4,665below the sector's middle half▲ 53.4%-€518within the sector's middle half▲ 88.9%
Solvency-224.7%below the sector's middle half-197.3%below the sector's middle half▲ 27.4pp-90.4%below the sector's middle half▲ 106.9pp-10.1%below the sector's middle half▲ 80.3pp
Current ratio0.31below the sector's middle half0.34below the sector's middle half▲ 0.030.53below the sector's middle half▲ 0.190.91below the sector's middle half▲ 0.38
Return on assets (ROA)81.6%above the sector's middle half27.9%above the sector's middle half▼ 53.7pp103.6%above the sector's middle half▲ 75.7pp81.2%above the sector's middle half▼ 22.4pp
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.
Result per fiscal year
Operating resultNet result
€0€2,000€4,000€6,000Operating result 2021: €4,210€4,210Net result 2021: €4,156€4,156Operating result 2022: €4,202€4,202Net result 2022: €4,148€4,148Operating result 2023: €2,576€2,576Net result 2023: €1,415€1,415Operating result 2024: €4,322€4,322Net result 2024: €5,348€5,348Operating result 2025: €4,201€4,201Net result 2025: €4,147€4,14720212022202320242025€0€2,000€4,000€6,000Operating result 2023: €2,576€2,580Net result 2023: €1,415€1,410Operating result 2024: €4,322€4,320Net result 2024: €5,348€5,350Operating result 2025: €4,201€4,200Net result 2025: €4,147€4,150202320242025
The operating result falls in 2025; 2025 is 3% below 2024.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€5,625▼
2024 · €9,825
Equity ratios withheld: equity of -€518 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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 0.7% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€5,160€5,107▼
Current assets29/58€5,160€5,107▼
Amounts receivable within one year40/41€5,000€5,000=
Trade receivables40€5,000€5,000=
Cash at bank and in hand54/58€160€107▼
Equity and liabilities
Total equity and liabilities10/49€5,160€5,107▼
Equity10/15-€4,665-€518▲
Contributions10/11€18,592€18,592=
Capital10€18,592€18,592=
Issued capital100€18,592€18,592=
Reserves13€21,087€21,087=
Non-distributable reserves130/1€119€119=
Legal reserve130€119€119=
Distributable reserves133€20,968€20,968=
Profit (loss) carried forward14-€44,344-€40,198▲
Amounts payable17/49€9,825€5,625▼
Amounts payable within one year42/48€9,825€5,625▼
Financial debts43€9,825€5,625▼
Other loans439€9,825€5,625▼
Income statement Code20242025
Non-recurring operating income76A€5,000€5,000=
Goods, raw materials, services and sundry goods60/61€678€799▲
Gross operating margin9900€4,322€4,201▼
Operating profit (loss)9901€4,322€4,201▼
Financial charges65/66B€81€54▼
Recurring financial charges65€81€54▼
Profit (loss) for the period before taxes9903€4,241€4,147▼
Income taxes67/77-€1,107-
Profit (loss) for the period9904€5,348€4,147▼
Profit (loss) for the period to be appropriated9905€5,348€4,147▼
Appropriation of the result
Profit (loss) to be appropriated9906-€44,344-€40,198▲
Profit (loss) brought forward from the previous period14P-€49,692-€44,344▲
Line20212022202320242025Change
Turnover70€5,000€5,000€5,000---
Non-recurring operating income76A---€5,000€5,000=
Goods, raw materials, services and sundry goods60/61€790€799€2,424€678€799▲ 17.8%
Gross operating margin9900€4,210€4,202€2,576€4,322€4,201▼ 2.8%
Operating profit (loss)9901€4,210€4,202€2,576€4,322€4,201▼ 2.8%
Financial charges65/66B€54€54€54€81€54▼ 33.3%
Recurring financial charges65€54€54€54€81€54▼ 33.3%
Profit (loss) for the period before taxes9903€4,156€4,148€2,522€4,241€4,147▼ 2.2%
Income taxes67/77--€1,107-€1,107--
Profit (loss) for the period9904€4,156€4,148€1,415€5,348€4,147▼ 22.5%
Profit (loss) for the period to be appropriated9905€4,156€4,148€1,415€5,348€4,147▼ 22.5%
Line20212022202320242025Change
Assets
Total assets20/58€38€5,085€5,074€5,160€5,107▼ 1.0%
Formation expenses20€0-----
Fixed assets21/28€0-----
Intangible fixed assets21€0-----
Tangible fixed assets22/27€0-----
Land and buildings22€0-----
Current assets29/58€38€5,085€5,074€5,160€5,107▼ 1.0%
Amounts receivable within one year40/41-€5,000€5,000€5,000€5,000=
Trade receivables40-€5,000€5,000€5,000€5,000=
Cash at bank and in hand54/58€38€85€74€160€107▼ 33.3%
Equity and liabilities
Total equity and liabilities10/49€38€5,085€5,074€5,160€5,107▼ 1.0%
Equity10/15-€15,575-€11,427-€10,012-€4,665-€518▲ 88.9%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Capital10€18,592€18,592€18,592€18,592€18,592=
Issued capital100€18,592€18,592€18,592€18,592€18,592=
Uncalled capital101€0-----
Outside capital11€0-----
Share premium1100/10€0-----
Other1109/19€0-----
Revaluation surpluses12€0-----
Reserves13€21,087€21,087€21,087€21,087€21,087=
Non-distributable reserves130/1€119€119€119€119€119=
Legal reserve130€119€119€119€119€119=
Distributable reserves133€20,968€20,968€20,968€20,968€20,968=
Profit (loss) carried forward14-€55,254-€51,107-€49,692-€44,344-€40,198▲ 9.4%
Amounts payable17/49€15,613€16,513€15,086€9,825€5,625▼ 42.7%
Amounts payable within one year42/48€15,613€16,513€15,086€9,825€5,625▼ 42.7%
Financial debts43€15,613€16,513€15,086€9,825€5,625▼ 42.7%
Credit institutions430/8--€15,086---
Other loans439€15,613€16,513-€9,825€5,625▼ 42.7%
Line20212022202320242025Change
Profit (loss) for the period9904€4,156€4,148€1,415€5,348€4,147▼ 22.5%
Operating cash flow (approximation)€4,156€4,148€1,415€5,348€4,147▼ 22.5%
Change in cash-€48-€11€86-€53▼ 162%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €5,348 ▲278%
Net result €5,348, the highest in the series.
08-04
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Weakest financial yearnet €1,415 ▼65.9%
Net result drops to €1,415, the lowest in the series; recovery starts the following year.
30-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
19-04
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
26-04
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
08-05
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
12-04
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
18-04
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
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, Ukkel · 2 establishment units since 1987
seat establishment All 2 establishment units on the map
Ground area
4,110 m²
Building footprint
993 m²
Volume, LiDAR
11,625 m³
3 parcels, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
2 establishment units
Brugmannlaan 519, 1180 Ukkel
NACE 1513103
since 19872.033.193.145
STEP IN
Marguerite Bervoetsstraat 137-139, 1190 VorstNACE 52112
since 19932.033.193.244
3 parcels
Brussels 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21382C0275/00M002 Brussels 3,713 m² 1 · 638 m² 16.5 m · 5 fl.
21016B0058/00K003 Brussels 216 m² 1 · 165 m² 17.8 m · 4 fl.
21614H0055/00B051 Brussels 180 m² 1 · 190 m² 9.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

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 11,218 companies in sector 82100 we hold annual accounts for 3,516. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded25-02-1987
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
64210Activities of holding companies
E-invoicing
Not found in the Peppol register

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.