ADAM CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of ADAM CONCEPT is 7.6% (elevated). The 2025 annual accounts show negative equity (€-16k) and a net result of €-109. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 4603 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
24
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▲+29
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
7.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.66 in 2024; short-term debt: 165.2% and cash: 30.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-65.2%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-16k
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 27-02-2026, 154 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
154 d early
2024
36 d early
2023
48 d early
2022
28 d early
2021
27 d early
2020
60 d early
2019
31 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€180k
EBIT margin
36.4%
Net result
€-109▲ 99.8%
2024 · €-59k
2019: €474
2020: €4k
2021: €-10k
2022: €17k
2023: €25k
2024: €-59k
2019 → 2025
Working capital
€-33k▼ 75.4%
2024 · €-19k
2019: €7k
2020: €11k
2021: €517
2022: €-16k
2023: €37k
2024: €-19k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€180k
Equity€1k-€18k▲ 1,395%€44k▲ 136%€-16k€-16k▼ 0.7%
Operating result€-2k-€24k€65k▲ 177%€-42k€35k
Net result€-10k-€17k€25k▲ 45.9%€-59k€-109▲ 99.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €35k after a loss of €42k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25k
Fixed assets
€17k ▲ 483%
Current assets
€8k ▼ 78.9%
Key figures and ratios
EBITDA
€43k▲
2024 · €-39k
Cash flow
€8k▲
2024 · €-56k
Solvency
-65.2%▼
2024 · -40.8%
Current ratio
0.19▼
2024 · 0.66
Debt to equity
-2.53▲
2024 · -3.45
ROA
-0.4%▲
2024 · -152.6%
Interest coverage
1.25▲
2024 · -13.19
Debt
€41k▼
2024 · €55k
Debt ≤ 1 year
€41k▼
2024 · €55k
Income taxes
€497▼
2024 · €14k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€39k€25k▼
Fixed assets21/28€3k€17k▲
Tangible fixed assets22/27€3k€17k▲
Furniture and vehicles24€3k€17k▲
Current assets29/58€36k€8k▼
Amounts receivable within one year40/41€3k-
Trade receivables40€2k-
Other amounts receivable41€954-
Cash at bank and in hand54/58€33k€8k▼
Equity and liabilities
Total equity and liabilities10/49€39k€25k▼
Equity10/15€-16k€-16k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€100€100=
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Profit (loss) carried forward14€-22k€-22k▼
Amounts payable17/49€55k€41k▼
Amounts payable within one year42/48€55k€41k▼
Trade debts44€18k€17k▼
Suppliers440/4€18k€17k▼
Taxes, remuneration and social security45€8k€304▼
Taxes450/3€8k€304▼
Other amounts payable47/48€28k€24k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€8k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€-38k€46k▲
Operating profit (loss)9901€-42k€35k▲
Financial income75/76B€47-
Recurring financial income75€47-
Financial charges65/66B€3k€34k▲
Recurring financial charges65€3k€34k▲
Profit (loss) for the period before taxes9903€-45k€388▲
Income taxes67/77€14k€497▼
Profit (loss) for the period9904€-59k€-109▲
Profit (loss) for the period to be appropriated9905€-59k€-109▲
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-22k▼
Profit (loss) brought forward from the previous period14P€37k€-22k▼
The notes to these accounts (6 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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-59k ▼337%
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €25k ▲45.9%
Operating result €65k, net result €25k, both a record.
31-12
Financial
Liquidity times 13current ratio 5.33
Current ratio from 0.40 to 5.33; short-term debt falls from €27k to €8k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Brussel · 1 establishment unit since 2018
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.
Stalingradlaan 521000 BrusselGround area
336 m²
Building footprint
340 m²
Volume, LiDAR
4,175 m³
Parcel 21809K0170/02B005, Brussels · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Stalingradlaan 52, 1000 Brussel
since 20182.280.665.483
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0170/02B005 | Brussels | 336 m² | 1 · 340 m² | 21.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BOVI BELGIUM
BE 0564.767.355
Antwerpen · Eq €43,549
AMIGO TRANSFER
BE 0693.696.389
Anderlecht · Eq €43,411
DIA-SERVICES
BE 0475.439.659
Roeselare · Eq €43,711
TNH SERVICES
BE 0771.446.344
Jette · Eq €44,019
BLUE RIDE
BE 0799.519.035
Sint-Jans-Molenbeek · Eq €43,003
Of 962 companies in sector 49310 we hold annual accounts for 487. 338 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
Founded01-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49310Scheduled passenger transport by road
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.