ADAMS
ActiveSummary
ADAMS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of €3.1m. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 49% of 299 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency64▼-2
Growth51▼-1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.44 in 2024; short-term debt: 56.8% and cash: 12.4% of total assets), and 61.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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
38.8%
Return on assets
32.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
30 d early
2023
1 d early
2022
19 d early
2021
44 d early
2020
19 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#3 company by total assets in Merksplas, Construction sector#5 company by equity in Merksplas, Construction sector#10 employer in Merksplas
Turnover
€17.5m▼ 4.7%
2024 · €18.4m
EBIT margin
23.1%▼ 3.5pp
2024 · 26.6%
Net result
€3.1m▼ 15.0%
2024 · €3.7m
Working capital
€1.5m▼ 31.1%
2024 · €2.1m
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
Line20212022202320242025
Turnover€14.9m▼ 5.3%€17.0m▲ 14.1%€17.2m▲ 1.3%€18.4m▲ 6.8%€17.5m▼ 4.7%
Operating result€3.4m▼ 10.1%€3.7m▲ 6.1%€4.7m▲ 28.0%€4.9m▲ 4.7%€4.0m▼ 17.4%
Net result€2.6m▼ 6.5%€2.6m▲ 2.2%€3.6m▲ 35.6%€3.7m▲ 3.9%€3.1m▼ 15.0%
EBIT margin23.1%▼ 1.2pp21.5%▼ 1.6pp27.1%▲ 5.7pp26.6%▼ 0.5pp23.1%▼ 3.5pp
Equity€3.8m▲ 1.7%€3.8m=€3.8m=€3.8m=€3.8m=
Total assets€9.1m▼ 3.4%€8.9m▼ 2.2%€9.7m▲ 8.2%€9.2m▼ 4.9%€9.7m▲ 5.6%
Debt€5.0m▼ 6.6%€4.8m▼ 3.7%€5.6m▲ 15.7%€5.2m▼ 6.5%€5.7m▲ 10.1%
Working capital€2.7m▼ 7.3%€2.5m▼ 7.6%€2.5m▲ 1.3%€2.1m▼ 15.0%€1.5m▼ 31.1%
Staff (FTE)45.8▼ 4.8%47.4▲ 3.5%45.6▼ 3.8%44.3▼ 2.9%44.8▲ 1.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.7m
Fixed assets
€2.7m ▲ 22.2%
Current assets
€7.0m ▲ 0.2%
Equity and liabilities €9.7m
Equity
€3.8m =
Provisions
€199,483 ▼ 6.0%
Debt
€5.7m ▲ 10.1%
Debt's share of the balance-sheet total rises from 56.7% to 59.1%. Debt is higher.
Key figures and ratios
EBITDA
€4.9m▼
2024 · €5.6m
Cash flow
€4.0m▼
2024 · €4.4m
Current ratio
1.26▼
2024 · 1.44
Quick ratio
0.91▼
2024 · 1.15
Debt to equity
1.52▲
2024 · 1.38
ROE
83.4%▼
2024 · 98.2%
ROA
32.4%▼
2024 · 40.2%
Interest coverage
255.90▼
2024 · 323.61
Debt ≤ 1 year
€5.5m▲
2024 · €4.8m
Income taxes
€1.1m▼
2024 · €1.3m
Staff costs
€3.1m▲
2024 · €2.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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%.
| 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 20,082 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €15.4m | €17.4m | €17.4m | €18.6m | €17.7m | ▼ 5.1% |
| Turnover70 | €14.9m | €17.0m | €17.2m | €18.4m | €17.5m | ▼ 4.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €46,072 | - | - | - | - | - |
| Other operating income74 | €436,191 | €393,536 | €210,889 | €214,347 | €101,802 | ▼ 52.5% |
| Non-recurring operating income76A | - | - | - | - | €24,040 | - |
| Operating charges60/66A | €12.0m | €13.7m | €12.8m | €13.7m | €13.6m | ▼ 0.8% |
| Goods for resale, raw materials and consumables60 | €7.2m | €8.4m | €7.6m | €8.8m | €8.0m | ▼ 9.5% |
| Purchases600/8 | €7.2m | €8.1m | €7.9m | €9.3m | €8.6m | ▼ 7.8% |
| Change in stocks: decrease (increase)609 | - | €244,903 | -€276,415 | -€486,049 | -€596,209 | ▼ 22.7% |
| Services and other goods61 | €1.4m | €1.7m | €1.5m | €1.4m | €1.7m | ▲ 21.7% |
| Remuneration, social security and pensions62 | €2.7m | €2.9m | €2.9m | €2.9m | €3.1m | ▲ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €649,095 | €689,486 | €715,364 | €710,671 | €845,210 | ▲ 18.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€35,238 | -€19,067 | -€21,887 | -€111,662 | -€12,746 | ▲ 88.6% |
| Other operating charges640/8 | €28,288 | €40,000 | €23,456 | €25,796 | €27,196 | ▲ 5.4% |
| Non-recurring operating charges66A | - | - | - | €29,528 | - | - |
| Operating profit (loss)9901 | €3.4m | €3.7m | €4.7m | €4.9m | €4.0m | ▼ 17.4% |
| Financial income75/76B | €31,657 | €22,520 | €157,982 | €143,250 | €173,571 | ▲ 21.2% |
| Recurring financial income75 | €31,657 | €22,520 | €157,982 | €143,250 | €173,571 | ▲ 21.2% |
| Income from current assets751 | €13,741 | €1,079 | €99,528 | €64,448 | €94,580 | ▲ 46.8% |
| Other financial income752/9 | €17,917 | €21,441 | €58,454 | €78,802 | €78,992 | ▲ 0.2% |
| Financial charges65/66B | €17,326 | €156,838 | €15,998 | €17,328 | €19,108 | ▲ 10.3% |
| Recurring financial charges65 | €17,326 | €156,838 | €15,998 | €17,328 | €19,108 | ▲ 10.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €137,846 | - | - | - | - |
| Other financial charges652/9 | €17,326 | €18,992 | €15,998 | €17,328 | €19,108 | ▲ 10.3% |
| Profit (loss) for the period before taxes9903 | €3.5m | €3.5m | €4.8m | €5.0m | €4.2m | ▼ 16.4% |
| Income taxes67/77 | €888,774 | €893,495 | €1.3m | €1.3m | €1.1m | ▼ 20.3% |
| Taxes670/3 | €888,774 | €893,495 | €1.3m | €1.3m | €1.1m | ▼ 20.3% |
| Profit (loss) for the period9904 | €2.6m | €2.6m | €3.6m | €3.7m | €3.1m | ▼ 15.0% |
| Profit (loss) for the period to be appropriated9905 | €2.6m | €2.6m | €3.6m | €3.7m | €3.1m | ▼ 15.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.1m | €8.9m | €9.7m | €9.2m | €9.7m | ▲ 5.6% |
| Fixed assets21/28 | €2.0m | €2.1m | €2.1m | €2.2m | €2.7m | ▲ 22.2% |
| Tangible fixed assets22/27 | €2.0m | €2.1m | €2.1m | €2.2m | €2.7m | ▲ 22.2% |
| Land and buildings22 | €58,904 | €58,904 | €58,904 | €58,904 | €358,531 | ▲ 509% |
| Plant, machinery and equipment23 | €1.0m | €1.3m | €1.3m | €1.2m | €1.5m | ▲ 22.3% |
| Furniture and vehicles24 | €892,643 | €762,769 | €793,699 | €986,263 | €917,240 | ▼ 7.0% |
| Financial fixed assets28 | €1,553 | €1,553 | €1,418 | €1,553 | €1,688 | ▲ 8.7% |
| Other financial fixed assets284/8 | €1,553 | €1,553 | €1,418 | €1,553 | €1,688 | ▲ 8.7% |
| Amounts receivable and cash guarantees285/8 | €1,553 | €1,553 | €1,418 | €1,553 | €1,688 | ▲ 8.7% |
| Current assets29/58 | €7.2m | €6.8m | €7.6m | €7.0m | €7.0m | ▲ 0.2% |
| Stocks and contracts in progress3 | €862,264 | €617,361 | €893,776 | €1.4m | €2.0m | ▲ 43.2% |
| Stocks30/36 | - | - | - | €212,164 | €365,390 | ▲ 72.2% |
| Raw materials and consumables30/31 | - | - | - | €212,164 | €365,390 | ▲ 72.2% |
| Contracts in progress37 | €862,264 | €617,361 | €893,776 | €1.2m | €1.6m | ▲ 37.9% |
| Amounts receivable within one year40/41 | €1.6m | €676,588 | €2.6m | €2.0m | €2.0m | ▲ 0.7% |
| Trade receivables40 | €1.3m | €218,334 | €2.3m | €1.6m | €1.8m | ▲ 9.6% |
| Other amounts receivable41 | €326,168 | €458,253 | €284,057 | €407,269 | €266,201 | ▼ 34.6% |
| Current investments50/53 | €1.0m | €2.1m | €2.5m | €2.0m | €1.8m | ▼ 10.5% |
| Other investments51/53 | €1.0m | €2.1m | €2.5m | €2.0m | €1.8m | ▼ 10.5% |
| Cash at bank and in hand54/58 | €3.7m | €3.4m | €1.6m | €1.6m | €1.2m | ▼ 24.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.1m | €8.9m | €9.7m | €9.2m | €9.7m | ▲ 5.6% |
| Equity10/15 | €3.8m | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Contributions10/11 | €371,840 | €371,840 | €371,840 | €371,840 | €371,840 | = |
| Capital10 | €371,840 | €371,840 | €371,840 | €371,840 | €371,840 | = |
| Issued capital100 | €371,840 | €371,840 | €371,840 | €371,840 | €371,840 | = |
| Reserves13 | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | = |
| Non-distributable reserves130/1 | €56,606 | €56,606 | €56,606 | €56,606 | €56,606 | = |
| Legal reserve130 | €41,634 | €41,634 | €41,634 | €41,634 | €41,634 | = |
| Other1319 | €14,972 | €14,972 | €14,972 | €14,972 | €14,972 | = |
| Tax-exempt reserves132 | €766,152 | €766,152 | €766,152 | €766,152 | €766,152 | = |
| Distributable reserves133 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Provisions and deferred taxes16 | €364,845 | €345,778 | €323,891 | €212,229 | €199,483 | ▼ 6.0% |
| Provisions for liabilities and charges160/5 | €364,845 | €345,778 | €323,891 | €212,229 | €199,483 | ▼ 6.0% |
| Major repairs and maintenance162 | €364,845 | €345,778 | €323,891 | €212,229 | €199,483 | ▼ 6.0% |
| Amounts payable17/49 | €5.0m | €4.8m | €5.6m | €5.2m | €5.7m | ▲ 10.1% |
| Amounts payable after more than one year17 | €35,208 | - | - | - | - | - |
| Financial debts170/4 | €35,208 | - | - | - | - | - |
| Credit institutions173 | €35,208 | - | - | - | - | - |
| Amounts payable within one year42/48 | €4.5m | €4.4m | €5.1m | €4.8m | €5.5m | ▲ 13.9% |
| Current portion of amounts payable after more than one year42 | €42,750 | €35,208 | €2,708 | - | - | - |
| Trade debts44 | €1.7m | €1.6m | €1.1m | €1.3m | €2.1m | ▲ 54.4% |
| Suppliers440/4 | €1.7m | €1.6m | €1.1m | €1.3m | €2.1m | ▲ 54.4% |
| Taxes, remuneration and social security45 | €170,331 | €149,639 | €367,632 | €297,282 | €293,296 | ▼ 1.3% |
| Taxes450/3 | €166,523 | €44,231 | €286,423 | €213,223 | €210,709 | ▼ 1.2% |
| Remuneration and social security454/9 | €3,808 | €105,407 | €81,209 | €84,059 | €82,588 | ▼ 1.8% |
| Other amounts payable47/48 | €2.6m | €2.6m | €3.6m | €3.2m | €3.1m | ▼ 1.7% |
| Accrued charges and deferred income492/3 | €460,588 | €440,241 | €503,349 | €376,812 | €230,186 | ▼ 38.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.6m | €2.6m | €3.6m | €3.7m | €3.1m | ▼ 15.0% |
| + Depreciation and write-downs630 | €649,095 | €689,486 | €715,364 | €710,671 | €845,210 | ▲ 18.9% |
| Operating cash flow (approximation) | €3.2m | €3.3m | €4.3m | €4.4m | €4.0m | ▼ 9.5% |
| Investment in fixed assets (approximation) | - | -€817,723 | -€723,678 | -€846,772 | -€1.3m | ▼ 58.6% |
| Change in cash | - | -€246,594 | -€1.8m | -€38,893 | -€388,725 | ▼ 899% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €3.7m ▲3.9%
Operating result €4.9m, net result €3.7m, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
10 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, Merksplas · 1 establishment unit since 1995
Ground area
8,955 m²
Building footprint
866 m²
Volume, LiDAR
5,716 m³
Parcel 13023H0158/00N000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ADAMS
since 19952.070.194.190
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023H0158/00N000 | Flanders | 8,955 m² | 1 · 866 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- R. ADAMS
- ADAMS
Highest known parent: R. ADAMS. The sources do not say who stands above it.
Owners 1
- R. ADAMSparentSourceaccounts R. ADAMS 202499%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 14,576 EUR awarded · 14,874 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,947 EUR | 4,848 EUR |
| 2024 | 1 | 5,804 EUR | 5,801 EUR |
| 2023 | 1 | 901 EUR | 1,934 EUR |
| 2022 | 1 | 2,924 EUR | 2,291 EUR |
Recognitions · licences · registrations
Recognised contractor
4 categoriesADAMS NV15480
Legal Entity Identifier
875500KMICT8AGNBX047
Similar companies · same sector, comparable size
Entreprises MATHIEU
BE 0441.481.642
Bastogne · Eq €3,777,774
AANNEMINGSBEDRIJF JANSSENS L.
BE 0433.672.152
Antwerpen · Eq €3,751,780
De Roeck-Teugels
BE 0465.136.180
Sint-Gillis-Waas · Eq €3,727,342
Asfaltwerken L. Beylemans
BE 0417.227.286
Mol · Eq €3,687,884
ENTREPRISES LAMBRY
BE 0424.954.129
Rochefort · Eq €3,857,156
Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 435 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454312663
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.