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ADALCO

Active
Public limited companyfounded 1993active for 33 yearsOsselstraat 2, 1785 Merchtem, BelgiumKBO/BCE: BE 0451.014.960
Summary

ADALCO has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,678 and a net result of -€2,066. Equity is shrinking by about 5.1% per year across the filed financial years. Its solvency ranks better than 30% of 1,120 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Rental and leasing activities
NACE 77320
4th oldest company in Merchtem, Administrative and support services sector1 site
Size
€150,697total assets 2025
Equity
€26,678
Loss
-€2,066
Turnover not published (abbreviated or micro format)
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Accounts filed 28 days late0 of 3 deeds read
Why 85raises riskLoss of €2,066 (financial year 2025)lowers riskFounded in 1993Size: total assets €150,697Figures for financial year 2025 (filed 28-08-2026)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 30% of its sector peers (NACE 77, micro)
Financial strength · tick = 2024
Weak
Solvency 43+3
equity 17.7% of total assets
Liquidity 11-18
short-term debt 82.3% · cash 5.1%
Profitability 67-5
return on assets -1.4%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,164 companies, NACE 77, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025 09-2025: 0.7%▲ +0.2 percentage points vs 08-2025highest value 10-2025: 0.1%▼ -0.6 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 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 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.2 percentage points vs 07-2026 09-2026: 0.2%▼ -0.1 percentage points vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.61, compared with 0.65 in 2024; short-term debt: 82.3% and cash: 5.1% of total assets), and 82.3% 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 77, micro): better than 34% on solvency, 12% on liquidity, 45% on profitability and 30% on growth.

The bankruptcy probability was computed on 12-10-2026 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 riskneutral
lowers risk · Founded in 1993
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: total assets €150,697
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €2,066 (financial year 2025)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 28-08-2026)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 days late
2024
29 days late
2023
on the day
2022
4 days early
2021
3 days late
2020
2 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 13 days after the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · 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 3 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Back to profitnet €5,491

Key points

  • Positive: 4th oldest company in Merchtem, Administrative and support services sectorin the Checked rankings No. 4 View
  • Active since 1993founded 29-09-1993 33 years View
  • Total assets 20256 financial years filed €150,697 View

By topic

Financials

Financial year
2025
Total assets
€150,697
Loss
-€2,066
Solvency
17.7%
Total assets▼ 18.9%
Net result
20182025
Go to Financials

Timeline

Events
36
Since
1995
Next accounts
by 31-07-2027
  1. 31-07-2024Annual accounts filed
  2. 27-07-2023Annual accounts filed
  3. 31-12-2022Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Rental and leasing activitiesNACE 77320
Founded
29-09-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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