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ADAMA

Active
Coöperatieve vennootschap met onbeperkte aansprakelijkheidfounded 199827 yrs activeKaaskorf 111, 3390 Tielt-Winge, BelgiumKBO/BCE: BE 0464.335.040
Summary

ADAMA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10,906 and a net result of -€912. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 35% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability33▲+7
Solvency45▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.0; short-term debt: 80.3% of total assets), and 80.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 27 years 0 30 y
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 2024
Solvency, return and age of the figures
Solvency
19.7%
Return on assets
-1.7%
Age of the figures
21 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
25 d late
2023
31 d early
2022
60 d late
2021
33 d early
2020
33 d early
2019
32 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ADAMA was incorporated on 9 October 1998.1 Total assets went from EUR 56,265 in 2018 to EUR 55,292 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€10,906▼ 7.7%
2023 · €11,818
Total assets
€55,292▲ 0.2%
2023 · €55,182
Net result
-€912▲ 62.8%
2023 · -€2,449
Working capital
-€44,276▼ 8.2%
2022 · -€40,915
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€902▲ 54.5%-€1,112▼ 23.3%-€1,010▲ 9.3%-€2,449▼ 143%-€912▲ 62.8%
Net result-€947▲ 52.5%-€1,112▼ 17.4%-€1,010▲ 9.3%-€2,449▼ 143%-€912▲ 62.8%
Equity€16,389▼ 5.5%€15,277▼ 6.8%€14,267▼ 6.6%€11,818▼ 17.2%€10,906▼ 7.7%
Total assets€56,653▲ 0.2%€56,548▼ 0.2%€56,548=€55,182▼ 2.4%€55,292▲ 0.2%
Debt€40,264▲ 2.7%€41,271▲ 2.5%€42,281▲ 2.4%€43,364▲ 2.6%€44,387▲ 2.4%
Working capital-€38,793▼ 2.5%-€39,905▼ 2.9%-€40,915▼ 2.5%-€44,276
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€3,000-€2,000-€1,000€0Operating result 2020: -€902-€902Net result 2020: -€947-€947Operating result 2021: -€1,112-€1,112Net result 2021: -€1,112-€1,112Operating result 2022: -€1,010-€1,010Net result 2022: -€1,010-€1,010Operating result 2023: -€2,449-€2,449Net result 2023: -€2,449-€2,449Operating result 2024: -€912-€912Net result 2024: -€912-€91220202021202220232024-€3,000-€2,000-€1,000€0Operating result 2022: -€1,010-€1,010Net result 2022: -€1,010-€1,010Operating result 2023: -€2,449-€2,450Net result 2023: -€2,449-€2,450Operating result 2024: -€912-€912Net result 2024: -€912-€912202220232024
The operating result stays negative: a loss of €912 in 2024 against €2,449 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55,292
Fixed assets €55,182
Current assets €110
Equity and liabilities €55,292
Equity €10,906 ▼ 7.7%
Debt €44,387 ▲ 2.4%
Debt's share of the balance-sheet total rises from 78.6% to 80.3%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
0.00
Debt to equity
4.07▲
2023 · 3.67
ROE
-8.4%▲
2023 · -20.7%
ROA
-1.7%▲
2023 · -4.4%
Debt ≤ 1 year
€44,387▲
2023 · €43,364
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
1.4% went bankrupt
5.0% stopped otherwise
93% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€55,182€55,292▲
Fixed assets21/28€55,182€55,182=
Tangible fixed assets22/27€45,182€45,182=
Land and buildings22€42,500€42,500=
Plant, machinery and equipment23€2,682€2,682=
Financial fixed assets28€10,000€10,000=
Current assets29/58-€110
Amounts receivable within one year40/41-€110
Other amounts receivable41-€110
Equity and liabilities
Total equity and liabilities10/49€55,182€55,292▲
Equity10/15€11,818€10,906▼
Contributions10/11€744€744=
Capital10€744€744=
Issued capital100€744€744=
Reserves13€27,998€27,998=
Non-distributable reserves130/1€74€74=
Legal reserve130€74€74=
Distributable reserves133€27,924€27,924=
Profit (loss) carried forward14-€16,924-€17,836▼
Amounts payable17/49€43,364€44,387▲
Amounts payable within one year42/48€43,364€44,387▲
Trade debts44€1,240€2,263▲
Suppliers440/4€1,240€2,263▲
Other amounts payable47/48€42,124€42,124=
Income statement Code20232024
Other operating charges640/8€1,750€387▼
Gross operating margin9900-€699-€525▲
Operating profit (loss)9901-€2,449-€912▲
Profit (loss) for the period before taxes9903-€2,449-€912▲
Profit (loss) for the period9904-€2,449-€912▲
Profit (loss) for the period to be appropriated9905-€2,449-€912▲
Appropriation of the result
Profit (loss) to be appropriated9906-€16,924-€17,836▼
Profit (loss) brought forward from the previous period14P-€14,474-€16,924▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€453€348€1,750€387▼ 77.9%
Gross operating margin9900-€555-€660-€662-€699-€525▲ 24.9%
Operating profit (loss)9901-€902-€1,112-€1,010-€2,449-€912▲ 62.8%
Recurring financial charges65€45-----
Profit (loss) for the period before taxes9903-€947-€1,112-€1,010-€2,449-€912▲ 62.8%
Profit (loss) for the period9904-€947-€1,112-€1,010-€2,449-€912▲ 62.8%
Profit (loss) for the period to be appropriated9905-€947-€1,112-€1,010-€2,449-€912▲ 62.8%
Line20202021202220232024Change
Assets
Total assets20/58€56,653€56,548€56,548€55,182€55,292▲ 0.2%
Fixed assets21/28€55,182€55,182€55,182€55,182€55,182=
Tangible fixed assets22/27€45,182€45,182€45,182€45,182€45,182=
Land and buildings22-€42,500€42,500€42,500€42,500=
Plant, machinery and equipment23-€2,682€2,682€2,682€2,682=
Financial fixed assets28€10,000€10,000€10,000€10,000€10,000=
Current assets29/58€1,471€1,366€1,366-€110-
Amounts receivable within one year40/41€1,471€1,366€1,366-€110-
Other amounts receivable41-€1,366€1,366-€110-
Equity and liabilities
Total equity and liabilities10/49€56,653€56,548€56,548€55,182€55,292▲ 0.2%
Equity10/15€16,389€15,277€14,267€11,818€10,906▼ 7.7%
Contributions10/11€744€744€744€744€744=
Capital10-€744€744€744€744=
Issued capital100-€744€744€744€744=
Reserves13€27,998€27,998€27,998€27,998€27,998=
Non-distributable reserves130/1-€74€74€74€74=
Legal reserve130-€74€74€74€74=
Distributable reserves133-€27,924€27,924€27,924€27,924=
Profit (loss) carried forward14-€12,353-€13,465-€14,474-€16,924-€17,836▼ 5.4%
Amounts payable17/49€40,264€41,271€42,281€43,364€44,387▲ 2.4%
Amounts payable within one year42/48€40,264€41,271€42,281€43,364€44,387▲ 2.4%
Trade debts44€605€605€605€1,240€2,263▲ 82.5%
Suppliers440/4-€605€605€1,240€2,263▲ 82.5%
Other amounts payable47/48-€40,666€41,676€42,124€42,124=
Line20202021202220232024Change
Profit (loss) for the period9904-€947-€1,112-€1,010-€2,449-€912▲ 62.8%
Operating cash flow (approximation)-€947-€1,112-€1,010-€2,449-€912▲ 62.8%
Investment in fixed assets (approximation)-€0€0€0€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
25-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
30-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€2,449
Net result drops to -€2,449, the lowest in the series; recovery starts the following year.
29-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
28-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Tielt-Winge · 1 establishment unit since 1999
seat establishment The establishment unit on the map
Ground area
823 m²
Building footprint
306 m²
Volume, LiDAR
1,294 m³
2 parcels, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADAMA
Haverweide 5, 3272 Scherpenheuvel-ZichemInsurance, reinsurance and pension funding, except compulsory social security
since 19992.088.731.781
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24044A0072/00P000 Flanders 651 m² 1 · 134 m² 3.6 m · 1 fl.
24071B0228/00A000 Flanders 172 m² 1 · 172 m² 7.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

Of 1,638 companies in sector 46170 we hold annual accounts for 669. 356 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formCoöperatieve vennootschap met onbeperkte aansprakelijkheid
Founded09-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
E-invoicing
Not found in the Peppol register

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.