ADAM
ActiveSummary
ADAM has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.73M and a net result of €19k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 57% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-44
Solvency76▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 2.11 in 2024; short-term debt: 49.4% and cash: 12.6% of total assets), and 49.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
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
50.6%
Return on assets
0.6%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-04-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
72 d early
2023
1 d early
2022
on the day
2021
on the day
2019
87 d late
2018
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.73M▲ 1.1%
2024 · €1.71M
2018: €655k
2019: €865k
2021: €944k
2022: €1.38M
2023: €1.42M
2024: €1.71M
2018 → 2025
Total assets
€3.41M▲ 6.5%
2024 · €3.20M
2018: €2.12M
2019: €1.91M
2021: €1.87M
2022: €2.81M
2023: €3.19M
2024: €3.20M
2018 → 2025
Net result
€19k▼ 93.4%
2024 · €293k
2018: €87k
2019: €209k
2021: €80k
2022: €438k
2023: €34k
2024: €293k
2018 → 2025
Working capital
€1.63M▼ 1.6%
2024 · €1.66M
2018: €652k
2019: €866k
2021: €901k
2022: €1.37M
2023: €1.43M
2024: €1.66M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€944k-€1.38M▲ 46.4%€1.42M▲ 2.4%€1.71M▲ 20.7%€1.73M▲ 1.1%
Operating result€115k-€601k▲ 421%€60k▼ 90.1%€417k▲ 601%€49k▼ 88.2%
Net result€80k-€438k▲ 450%€34k▼ 92.3%€293k▲ 768%€19k▼ 93.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.41M
Fixed assets
€95k ▲ 97.1%
Current assets
€3.32M ▲ 5.1%
Equity and liabilities €3.41M
Equity
€1.73M ▲ 1.1%
Debt
€1.68M ▲ 12.7%
Debt's share of the balance-sheet total rises from 46.7% to 49.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63k▼
2024 · €435k
Cash flow
€33k▼
2024 · €311k
Current ratio
1.97▼
2024 · 2.11
Quick ratio
1.00▲
2024 · 0.56
Debt to equity
0.97▲
2024 · 0.88
ROE
1.1%▼
2024 · 17.1%
ROA
0.6%▼
2024 · 9.1%
Interest coverage
1.98▼
2024 · 18.26
Debt ≤ 1 year
€1.68M▲
2024 · €1.50M
Income taxes
€9k▼
2024 · €101k
Staff costs
€441k▲
2024 · €97k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.20M€3.41M▲
Fixed assets21/28€48k€95k▲
Tangible fixed assets22/27€48k€95k▲
Land and buildings22€2k€6k▲
Plant, machinery and equipment23€43k€80k▲
Furniture and vehicles24€4k€8k▲
Current assets29/58€3.16M€3.32M▲
Stocks and contracts in progress3€2.31M€1.63M▼
Stocks30/36€2.31M€1.63M▼
Amounts receivable within one year40/41€648k€1.25M▲
Trade receivables40€453k€858k▲
Other amounts receivable41€195k€395k▲
Current investments50/53€0-
Cash at bank and in hand54/58€192k€430k▲
Deferred charges and accrued income490/1€3k€9k▲
Equity and liabilities
Total equity and liabilities10/49€3.20M€3.41M▲
Equity10/15€1.71M€1.73M▲
Contributions10/11€37k€37k=
Revaluation surpluses12-€34k
Reserves13€1.67M€1.66M▼
Tax-exempt reserves132€588€588=
Distributable reserves133€1.67M€1.66M▼
Profit (loss) carried forward14€0-
Amounts payable17/49€1.50M€1.68M▲
Amounts payable within one year42/48€1.50M€1.68M▲
Trade debts44€478k€1.18M▲
Suppliers440/4€478k€1.18M▲
Advances received on contracts in progress46€147k€74k▼
Taxes, remuneration and social security45€4k€55k▲
Taxes450/3€1k€2k▲
Remuneration and social security454/9€2k€53k▲
Other amounts payable47/48€866k€379k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€97k€441k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€14k▼
Other operating charges640/8€2k€7k▲
Non-recurring operating charges66A€5k€0▼
Gross operating margin9900€539k€510k▼
Operating profit (loss)9901€417k€49k▼
Financial income75/76B€1k€11k▲
Recurring financial income75€1k€11k▲
Financial charges65/66B€24k€32k▲
Recurring financial charges65€24k€32k▲
Profit (loss) for the period before taxes9903€394k€29k▼
Income taxes67/77€101k€9k▼
Profit (loss) for the period9904€293k€19k▼
Profit (loss) for the period to be appropriated9905€293k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€293k€19k▼
Profit (loss) brought forward from the previous period14P€35€0▼
Transfer to equity691/2€293k€19k▼
To other reserves6921€293k€19k▼
Social balance
Average headcount (FTE)90871.48.6▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €19k ▼93.4%
Net result drops to €19k, the lowest in the series.
17-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2018net €438k ▲450%
Operating result €601k, net result €438k, both a record.
30-06
Financial
Equity above €1MEq €1.38M ▲46.4%
4 profitable years in a row build equity to €1.38M.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 53 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Berlare · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leopolddreef(B) 16C9290 BerlareGround area
5,829 m²
Building footprint
2,049 m²
Volume, LiDAR
268 m³
2 parcels, Flanders · tallest building 15.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Leopolddreef(B) 16 C, 9290 Berlare
since 19962.079.618.929
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42003D0500/00A000 | Flanders | 5,181 m² | 1 · 1,960 m² | - |
| 42003D0309/00P003 | Flanders | 648 m² | 1 · 89 m² | 15.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 544 EUR awarded · 544 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 544 EUR | 544 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
HM SERVICES
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MOLSE BOUWMACHINES
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Beerse · Eq €1.95M
Of 338 companies in sector 46713 we hold annual accounts for 204. 129 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-12-1996
Fiscal year end30-09
Activities, NACEBEL 2025
46630Wholesale trade
46713Wholesale trade
29100Manufacture of motor vehicles, trailers and semi-trailers
29201Manufacture of motor vehicles, trailers and semi-trailers
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.