ADAL
ActiveSummary
ADAL has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €366,834 and a net result of €76,574. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability69▲+7
Solvency66▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.12 in 2023; short-term debt: 36.1% and cash: 0.4% of total assets), and 58.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
41.2%
Return on assets
8.6%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192021222325
2018 to 2025 · latest year €366,834
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-05-2026, 27 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
27 d late
2023
8 d late
2022
28 d late
2021
19 d late
2020
24 d late
2019
42 d early
2018
19 d 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 12 days after the deadline; the sector median for financial year 2023 is on the deadline day, and 45% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 oldest company in Sint-Lambrechts-Woluwe, Administrative and support services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€76,574▼ 72.5%
2023 · €277,973
Working capital
-€293,198▼ 12.6%
2023 · -€260,400
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result€60,684▲ 53.5%€28,853▼ 52.5%-€33,451€29,430€141,086-
Net result€47,771▲ 60.1%€23,995▼ 49.8%-€33,614€277,973€76,574-
Equity€21,907▼ 12.5%€45,901▲ 110%€12,287▼ 73.2%€290,260▲ 2,262%€366,834-
Total assets€95,151▲ 8.3%€65,073▼ 31.6%€48,864▼ 24.9%€906,376▲ 1,755%€891,095-
Debt€73,244▲ 16.5%€19,172▼ 73.8%€36,577▲ 90.8%€616,116▲ 1,584%€474,261-
Working capital€20,833▼ 8.4%€33,399▲ 60.3%-€11,750-€260,400▼ 2,116%-€293,198-
Staff (FTE)1▼ 16.7%1.1▲ 10.0%0.6▼ 45.5%1.7▲ 183%
Why a figure moved sharply
- 2023 Equity +2,262%, Total assets +1,755% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result is €141,086 in 2025, compared with €29,430 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €891,095
Fixed assets
€862,518 ▼ 1.0%
Current assets
€28,578 ▼ 18.5%
Equity and liabilities €891,095
Equity
€366,834 ▲ 26.4%
Provisions
€50,000
Debt
€474,261 ▼ 23.0%
Debt's share of the balance-sheet total falls from 68.0% to 53.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€149,891▲
2023 · €34,168
Cash flow
€85,379▼
2023 · €282,711
Current ratio
0.09▼
2023 · 0.12
Debt to equity
1.29▼
2023 · 2.12
ROE
20.9%▼
2023 · 95.8%
ROA
8.6%▼
2023 · 30.7%
Interest coverage
4.73▲
2023 · 1.45
Debt ≤ 1 year
€321,776▲
2023 · €295,454
Debt > 1 year
€152,485▼
2023 · €320,662
Income taxes
€32,822▲
2023 · €880
Staff costs
€46,261▲
2023 · €43,009
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €49,798 | €68,153 | €43,009 | €46,261 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,208 | €1,868 | €3,465 | €4,738 | €8,805 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €50,000 | - |
| Other operating charges640/8 | - | €20,331 | €40,168 | €40,385 | €10,914 | - |
| Gross operating margin9900 | €125,571 | €100,850 | €78,335 | €117,562 | €257,065 | - |
| Operating profit (loss)9901 | €60,684 | €28,853 | -€33,451 | €29,430 | €141,086 | - |
| Financial income75/76B | - | - | €9 | €273,000 | €2 | - |
| Recurring financial income75 | - | - | €9 | €273,000 | €2 | - |
| Financial charges65/66B | - | €46 | €172 | €23,577 | €31,692 | - |
| Recurring financial charges65 | €153 | €46 | €172 | €23,577 | €31,692 | - |
| Profit (loss) for the period before taxes9903 | €60,530 | €28,807 | -€33,614 | €278,853 | €109,395 | - |
| Income taxes67/77 | €12,760 | €4,812 | - | €880 | €32,822 | - |
| Profit (loss) for the period9904 | €47,771 | €23,995 | -€33,614 | €277,973 | €76,574 | - |
| Profit (loss) for the period to be appropriated9905 | €47,771 | €23,995 | -€33,614 | €277,973 | €76,574 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,151 | €65,073 | €48,864 | €906,376 | €891,095 | - |
| Fixed assets21/28 | €1,073 | €12,502 | €24,037 | €871,322 | €862,518 | - |
| Tangible fixed assets22/27 | €863 | €12,291 | €23,826 | €22,520 | €13,715 | - |
| Plant, machinery and equipment23 | - | €2,719 | €2,072 | €1,425 | €294 | - |
| Furniture and vehicles24 | - | €360 | €240 | €3,094 | €1,559 | - |
| Other tangible fixed assets26 | - | €9,212 | €21,514 | €18,001 | €11,862 | - |
| Financial fixed assets28 | €211 | €211 | €211 | €848,802 | €848,802 | - |
| Current assets29/58 | €94,077 | €52,571 | €24,827 | €35,054 | €28,578 | - |
| Amounts receivable within one year40/41 | €7,294 | €9,359 | €18,648 | €21,289 | €24,475 | - |
| Trade receivables40 | - | €4,171 | €13,280 | €21,289 | €24,090 | - |
| Other amounts receivable41 | - | €5,188 | €5,368 | - | €385 | - |
| Cash at bank and in hand54/58 | €79,212 | €42,535 | €5,473 | €13,765 | €3,952 | - |
| Deferred charges and accrued income490/1 | - | €677 | €706 | - | €151 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,151 | €65,073 | €48,864 | €906,376 | €891,095 | - |
| Equity10/15 | €21,907 | €45,901 | €12,287 | €290,260 | €366,834 | - |
| Contributions10/11 | €19,831 | €19,831 | €19,831 | €19,831 | - | - |
| Capital10 | - | €19,831 | €19,831 | €19,831 | - | - |
| Issued capital100 | - | €19,831 | €19,831 | €19,831 | - | - |
| Reserves13 | €1,983 | €1,983 | €1,983 | €1,983 | €21,815 | - |
| Non-distributable reserves130/1 | - | €1,983 | €1,983 | €1,983 | - | - |
| Legal reserve130 | - | €1,983 | €1,983 | €1,983 | - | - |
| Distributable reserves133 | - | - | - | - | €21,815 | - |
| Profit (loss) carried forward14 | €92 | €24,087 | -€9,527 | €268,446 | €345,020 | - |
| Provisions and deferred taxes16 | - | - | - | - | €50,000 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €50,000 | - |
| Other liabilities and charges164/5 | - | - | - | - | €50,000 | - |
| Amounts payable17/49 | €73,244 | €19,172 | €36,577 | €616,116 | €474,261 | - |
| Amounts payable after more than one year17 | - | - | - | €320,662 | €152,485 | - |
| Financial debts170/4 | - | - | - | €320,662 | €152,485 | - |
| Amounts payable within one year42/48 | €73,244 | €19,172 | €36,577 | €295,454 | €321,776 | - |
| Current portion of amounts payable after more than one year42 | - | - | - | €95,372 | €123,520 | - |
| Financial debts43 | - | - | - | €105,000 | €39 | - |
| Credit institutions430/8 | - | - | - | €105,000 | €39 | - |
| Trade debts44 | €7,134 | €9,609 | €36,577 | €27,692 | €154,773 | - |
| Suppliers440/4 | - | €9,609 | €36,577 | €27,692 | €154,773 | - |
| Taxes, remuneration and social security45 | - | €9,563 | - | €8,890 | €14,370 | - |
| Taxes450/3 | - | €3,112 | - | €1,899 | €13,131 | - |
| Remuneration and social security454/9 | - | €6,451 | - | €6,991 | €1,239 | - |
| Other amounts payable47/48 | - | - | - | €58,500 | €29,074 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,771 | €23,995 | -€33,614 | €277,973 | €76,574 | - |
| + Depreciation and write-downs630 | €1,208 | €1,868 | €3,465 | €4,738 | €8,805 | - |
| Operating cash flow (approximation) | €48,979 | €25,863 | -€30,149 | €282,711 | €85,379 | - |
| Investment in fixed assets (approximation) | - | -€13,297 | -€15,000 | -€852,023 | - | - |
| Change in cash | - | -€36,677 | -€37,062 | €8,292 | - | - |
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
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Back to profitnet €277,973
Net result €277,973 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €290,260 ▲2,262%
Equity rises from €12,287 to €290,260.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet -€33,614
Net result drops to -€33,614, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.74
Current ratio from 1.28 to 2.74; short-term debt falls from €73,244 to €19,172.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 1966
Ground area
544 m²
Building footprint
304 m²
Volume, LiDAR
6,331 m³
Parcel 21673D0117/00C014, Brussels · tallest building 25.4 m, ±8 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 establishment unit
de Broquevillelaan 158, 1200 Sint-Lambrechts-Woluwe
since 19662.001.154.243
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0117/00C014 | Brussels | 544 m² | 1 · 304 m² | 25.4 m · 8 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.
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Of 1,279 companies in sector 81100 we hold annual accounts for 678. 463 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
Founded16-06-1969
Fiscal year end30-09
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0403359949
Registered
13-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.