ADAM TEX
ActiveThe computed 12-month bankruptcy probability of ADAM TEX is 1.7% (moderate). The annual accounts of ADAM TEX for fiscal year 2025 show a net loss of 63% of the equity at the start of that year. The 2025 annual accounts show equity of €3k and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 11209 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-37
Solvency28▼-3
Growth85=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.07 against 1.07 in 2024; short-term debt: 80.9% and cash: 0.1% of total assets), and 97% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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 →
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
3%
Return on assets
-5.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 11209 sector peers (2025).
NBB · sector comparisonPosition among 11209 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 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 · 6 filingsDeviation from the deadline
2025
27 d late
2024
116 d late
2023
40 d late
2022
16 d late
2021
29 d late
2020
26 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€220k▲ 177%
2022 · €79k
2022: €79k
2022 → 2023
EBIT margin
25.3%▲ 99.2pp
2022 · -73.8%
2022: -73.8%
2022 → 2023
Net result
€-5k
2024 · €6k
2020: €-5k
2021: €3k
2022: €-59k
2023: €56k
2024: €6k
2020 → 2025
Working capital
€6k▼ 31.2%
2024 · €8k
2020: €-4k
2021: €-1k
2022: €-60k
2023: €-2k
2024: €8k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€79k€220k▲ 177%
Equity€-1k-€-60k▼ 4,951%€-2k▲ 97.2%€8k€3k▼ 63.3%
Operating result€4k-€-59k€56k€6k▼ 88.8%€-3k
Net result€3k-€-59k€56k€6k▼ 89.0%€-5k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98k
Fixed assets
€13k
Current assets
€85k
Equity and liabilities €98k
Equity
€3k▼ 63.3%
Debt
€95k▼ 24.0%
The debt ratio rises from 93.9% to 97.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k
Cash flow
€-4k
Solvency
3.0%▼
2024 · 6.1%
Current ratio
1.07▲
2024 · 1.07
Quick ratio
0.03▼
2024 · 0.24
Debt / equity
31.83▲
2024 · 15.37
ROE
-172.5%▼
2024 · 76.0%
ROA
-5.3%▼
2024 · 4.6%
Interest coverage
-9.59
Debt
€95k▼
2024 · €125k
Debt ≤ 1 year
€79k▼
2024 · €125k
Income taxes
€2k
Staff costs
€36k▼
2024 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€133k€98k▼
Fixed assets21/28-€13k
Tangible fixed assets22/27-€13k
Furniture and vehicles24-€13k
Current assets29/58€133k€85k▼
Stocks and contracts in progress3€103k€82k▼
Stocks30/36€103k€82k▼
Amounts receivable within one year40/41€29k€2k▼
Trade receivables40€26k€0▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€26€88▲
Equity and liabilities
Total equity and liabilities10/49€133k€98k▼
Equity10/15€8k€3k▼
Contributions10/11€7k€7k=
Profit (loss) carried forward14€1k€-4k▼
Amounts payable17/49€125k€95k▼
Amounts payable within one year42/48€125k€79k▼
Trade debts44€75k€0▼
Suppliers440/4€75k€0▼
Advances received on contracts in progress46€0€0=
Taxes, remuneration and social security45€20k€9k▼
Taxes450/3€10k€9k▼
Remuneration and social security454/9€10k€0▼
Other amounts payable47/48€30k€69k▲
Accrued charges and deferred income492/3-€16k
Income statement
Code20242025
Remuneration, social security and pensions62€57k€36k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€973
Other operating charges640/8€880€1k▲
Gross operating margin9900€64k€35k▼
Operating profit (loss)9901€6k€-3k▼
Financial income75/76B€113€0▼
Recurring financial income75€113€0▼
Financial charges65/66B€210€215▲
Recurring financial charges65€210€215▲
Profit (loss) for the period before taxes9903€6k€-3k▼
Income taxes67/77-€2k
Profit (loss) for the period9904€6k€-5k▼
Profit (loss) for the period to be appropriated9905€6k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-4k▼
Profit (loss) brought forward from the previous period14P€-5k€1k▲
The notes to these accounts (5 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 116 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
31-12
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Weakest financial yearnet €-59k ▼1921%
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Puurs-Sint-Amands · 1 establishment unit since 2019
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.
Hemelrijken 32890 Puurs-Sint-AmandsGround area
1.5 ha
Building footprint
9,829 m²
Volume, LiDAR
68,143 m³
Parcel 12034A0432/00F000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADAM TEX
since 20192.296.573.384
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12034A0432/00F000 | Flanders | 1.5 ha | 1 · 9,829 m² | 10.4 m · 2 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.
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Of 1,275 companies in sector 46160 we hold annual accounts for 685. 196 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-11-2019
Fiscal year end31-12
Activities, NACEBEL
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
46711Wholesale of cars and light vans (up to 3.5 tonnes)
45112
47811Retail sale of cars and light vans (up to 3.5 tonnes)
45310
47820Retail sale of motor vehicle parts and accessories
46180Agents specialised in the wholesale of other particular products
46424Wholesale trade
46425Wholesale trade
46720Wholesale of motor vehicle parts and accessories
47512Retail sale of household textiles and bedding
47711Retail sale of women's outerwear
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.