Investments
€15,911 6.4 × depreciation
Green is investment, beige is depreciation.
ADAM
Lifetime
3 annual accounts with figures on one time axispeak €66,692 (2024)
€57,745▼ 13.4%
lowest -€39,159 (2023)
€54,986▲ 259%
peak €34,138 (2025)
€34,138▲ €54,986
€55,107▲ 11.9%
Board3 names since 2023
1 directorAdla Mourad
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €66,692 to €57,745Result from €15,310 to €54,986Equity from -€20,849 to €34,138Investments €15,911Cash from €7,556 to €53,839
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 66% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.6%▲ +0.1 percentage points vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.5%▼ -0.1 percentage points vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.5%● unchanged vs 06-2025
08-2025: 2.1%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 0.5%▼ -1.6 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.3 percentage points vs 07-2026
09-2026: 0.1%▼ -0.8 percentage points vs 08-2026
10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.37, cash €53,839
Size: total assets €89,245
Figures for financial year 2025 (filed on 02-09-2026)
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 34% of them on solvency, 51% on liquidity, 82% on profitability and 96% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as ADAM has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ADAM itself is lower: < 0.1% within 12 months. It rests on far more data about ADAM than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for ADAM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.37 (0.57 in 2024), below the usual 1.5. Short-term debt is 61.7% and cash 60.3% of total assets. 61.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
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 · 3 filingsDeviation from the deadline
2025
28 days late
2024
29 days late
2023
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 29 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 29 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HUSEIN Azad 50 sharesdeed of 13-02-2023
- HUSEIN Shevan 50 sharesdeed of 13-02-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798264468
Registered office moved within Aalst
New registered office: Park De Blieck 15, 9300 Aalst · Previous registered office: Geraardsbergsestraat 64, 9300 Aalst · General meeting of 24-06-2024 · Gazette deed
1 director appointed, 2 resignations
Resignations: Shevan Husein and Azad Husein · Appointment: Adla Mourad · General meeting of 09-10-2023 · Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founders: HUSEIN Azad (oprichter verschijner) and HUSEIN Shevan (oprichter verschijner) · Appointments: HUSEIN Azad (director) and HUSEIN Shevan (director) · published on 13-02-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ADAM Aalst | €89,245 | €57,745 | 38.3% | - |
| Mitech Ghent | €96,558 | €53,866 | 77.7% | - |
| GVISION Asse | €91,480 | €55,494 | 61.8% | - |
| HelixIT Namur | €103,495 | €66,499 | 83.2% | - |
| HillSphere Tubize | €105,263 | €68,031 | 70.1% | - |
| ELMES CONSULTING Asse | €111,440 | €64,197 | 27.9% | - |
| Gregory Beresford Brown Lebbeke | €109,200 | €67,631 | 74.2% | - |
These companies have the same main activity as ADAM: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €91,500 and €111,000, founded in 2023.
Official details
Source: KBO- Status
- Active since 09-02-2023Normal situation
- Activity
- Other information technology and computer servicesNACE 62900and 1 other
- Joint committees
- 119Food trade
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.341.271.0839300 Aalst, since 09-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 01-01-2026
Insights on ADAM
ADAM files the micro format. That format states no turnover. The gross margin rose from €21,964 in 2023 to €57,745 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ADAM
- What is the company number of ADAM?
- The company number of ADAM is 0798.264.468. The VAT number is the same number with BE in front: BE 0798.264.468.
- Where is ADAM based?
- The registered office is at Park De Blieck 15, 9300 Aalst.Company details
- What does ADAM do?
- According to the KBO register, the main activity is other information technology and computer services (NACE 62900).
- What is the legal form of ADAM?
- ADAM is a private limited company (BV).
- When was ADAM founded?
- ADAM was founded on 09-02-2023.
- Is ADAM still active?
- Yes, ADAM is an active enterprise in the KBO register.
- How many employees does ADAM have?
- ADAM had an average of 0.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does ADAM fall under?
- In its 2025 annual accounts, ADAM states joint committees 119 (Food trade) and 201 (Independent retail).
- What is the turnover of ADAM?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €57,745 and 97 comparable companies (NACE 62). It probably lies between €100,000 and €150,000.
- Is ADAM profitable?
- In financial year 2025, ADAM made a profit of €54,986.
- Where can I find the annual accounts of ADAM?
- ADAM filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ADAM due?
- ADAM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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