ADAMS
ActiveSummary
ADAMS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €872,256 and a net result of €60,698. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 8281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 6.76 against 6.87 in 2024; short-term debt: 14.3% and cash: 43.2% of total assets), and 14.3% 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 · 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
85.7%
Return on assets
6%
Age of the figures
12 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 · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-04-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
on the day
2023
33 d early
2022
5 d early
2021
1 d early
2020
14 d early
2019
2 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 10 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 25 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€872,256▲ 7.5%
2024 · €811,558
Total assets
€1.0m▲ 7.3%
2024 · €948,548
Net result
€60,698▼ 53.5%
2024 · €130,423
Working capital
€840,258▲ 7.2%
2024 · €784,125
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€177,055▲ 48.3%€147,151▼ 16.9%€191,686▲ 30.3%€162,616▼ 15.2%€85,194▼ 47.6%
Net result€122,185within the sector's middle half▲ 43.4%€85,626within the sector's middle half▼ 29.9%€130,089within the sector's middle half▲ 51.9%€130,423within the sector's middle half▲ 0.3%€60,698within the sector's middle half▼ 53.5%
Equity€729,529within the sector's middle half▲ 20.1%€653,573within the sector's middle half▼ 10.4%€738,865within the sector's middle half▲ 13.1%€811,558within the sector's middle half▲ 9.8%€872,256within the sector's middle half▲ 7.5%
Total assets€880,143within the sector's middle half▼ 3.1%€793,598within the sector's middle half▼ 9.8%€930,305within the sector's middle half▲ 17.2%€948,548within the sector's middle half▲ 2.0%€1.0mwithin the sector's middle half▲ 7.3%
Debt€150,614▼ 50.0%€140,025▼ 7.0%€191,441▲ 36.7%€136,990▼ 28.4%€145,776▲ 6.4%
Working capital€696,878within the sector's middle half▲ 20.7%€616,445within the sector's middle half▼ 11.5%€701,681within the sector's middle half▲ 13.8%€784,125within the sector's middle half▲ 11.7%€840,258above the sector's middle half▲ 7.2%
Solvency82.9%above the sector's middle half▲ 16.0pp82.4%above the sector's middle half▼ 0.5pp79.4%above the sector's middle half▼ 2.9pp85.6%above the sector's middle half▲ 6.1pp85.7%above the sector's middle half▲ 0.1pp
Current ratio5.83above the sector's middle half▲ 2.895.52above the sector's middle half▼ 0.324.75above the sector's middle half▼ 0.766.87above the sector's middle half▲ 2.126.76above the sector's middle half▼ 0.11
Return on assets (ROA)13.9%above the sector's middle half▲ 4.5pp10.8%within the sector's middle half▼ 3.1pp14.0%above the sector's middle half▲ 3.2pp13.7%above the sector's middle half▼ 0.2pp6.0%within the sector's middle half▼ 7.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 48% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€31,998 ▲ 3.4%
Current assets
€986,034 ▲ 7.5%
Equity and liabilities €1.0m
Equity
€872,256 ▲ 7.5%
Debt
€145,776 ▲ 6.4%
Debt's share of the balance-sheet total falls from 14.4% to 14.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€93,956▼
2024 · €172,890
Cash flow
€69,460▼
2024 · €140,697
Quick ratio
4.63▲
2024 · 4.44
Debt to equity
0.17▼
2024 · 0.17
ROE
7.0%▼
2024 · 16.1%
Interest coverage
17.87▲
2024 · -12.63
Debt ≤ 1 year
€145,776▲
2024 · €133,490
Income taxes
€23,291▼
2024 · €48,354
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 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 0.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 20,134 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,292 | €8,860 | €11,940 | €10,274 | €8,762 | ▼ 14.7% |
| Other operating charges640/8 | €1,754 | €2,623 | €2,951 | €3,455 | €2,295 | ▼ 33.6% |
| Gross operating margin9900 | €185,101 | €158,634 | €206,577 | €176,345 | €96,251 | ▼ 45.4% |
| Operating profit (loss)9901 | €177,055 | €147,151 | €191,686 | €162,616 | €85,194 | ▼ 47.6% |
| Financial income75/76B | €3,784 | €2,421 | €2,032 | €2,467 | €4,054 | ▲ 64.4% |
| Recurring financial income75 | €3,784 | €2,421 | €2,032 | €2,467 | €4,054 | ▲ 64.4% |
| Financial charges65/66B | €6,199 | €23,683 | €7,149 | -€13,694 | €5,259 | ▲ 138% |
| Recurring financial charges65 | €6,199 | €23,683 | €7,149 | -€13,694 | €5,259 | ▲ 138% |
| Profit (loss) for the period before taxes9903 | €174,640 | €125,889 | €186,570 | €178,776 | €83,989 | ▼ 53.0% |
| Income taxes67/77 | €52,455 | €40,263 | €56,481 | €48,354 | €23,291 | ▼ 51.8% |
| Profit (loss) for the period9904 | €122,185 | €85,626 | €130,089 | €130,423 | €60,698 | ▼ 53.5% |
| Profit (loss) for the period to be appropriated9905 | €122,185 | €85,626 | €130,089 | €130,423 | €60,698 | ▼ 53.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €880,143 | €793,598 | €930,305 | €948,548 | €1.0m | ▲ 7.3% |
| Fixed assets21/28 | €39,102 | €40,712 | €41,729 | €30,933 | €31,998 | ▲ 3.4% |
| Tangible fixed assets22/27 | €39,102 | €40,712 | €41,729 | €30,933 | €31,998 | ▲ 3.4% |
| Land and buildings22 | €4,519 | €3,597 | €2,675 | €2,016 | €1,358 | ▼ 32.7% |
| Plant, machinery and equipment23 | €32,514 | €35,581 | €38,056 | €28,454 | €30,640 | ▲ 7.7% |
| Furniture and vehicles24 | €2,070 | €1,534 | €999 | €464 | - | - |
| Current assets29/58 | €841,041 | €752,885 | €888,576 | €917,615 | €986,034 | ▲ 7.5% |
| Stocks and contracts in progress3 | €226,146 | €264,393 | €320,933 | €324,442 | €311,599 | ▼ 4.0% |
| Stocks30/36 | €226,146 | €264,393 | €320,933 | €324,442 | €311,599 | ▼ 4.0% |
| Amounts receivable within one year40/41 | €26,228 | €3,530 | €11,290 | €15,750 | €35,211 | ▲ 124% |
| Trade receivables40 | €8,594 | €3,530 | €11,080 | €15,540 | €16,057 | ▲ 3.3% |
| Other amounts receivable41 | €17,634 | - | €210 | €210 | €19,154 | ▲ 9,013% |
| Current investments50/53 | €201,200 | €181,102 | €179,663 | €197,814 | €196,394 | ▼ 0.7% |
| Cash at bank and in hand54/58 | €384,850 | €300,900 | €373,740 | €376,530 | €439,654 | ▲ 16.8% |
| Deferred charges and accrued income490/1 | €2,617 | €2,960 | €2,950 | €3,080 | €3,175 | ▲ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €880,143 | €793,598 | €930,305 | €948,548 | €1.0m | ▲ 7.3% |
| Equity10/15 | €729,529 | €653,573 | €738,865 | €811,558 | €872,256 | ▲ 7.5% |
| Contributions10/11 | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Reserves13 | €692,029 | €616,073 | €701,365 | €774,058 | €834,756 | ▲ 7.8% |
| Non-distributable reserves130/1 | €3,750 | €3,750 | €3,750 | - | - | - |
| Reserves not available under the articles1311 | €3,750 | €3,750 | €3,750 | - | - | - |
| Tax-exempt reserves132 | €51,433 | €51,433 | €51,433 | €51,433 | €51,433 | = |
| Distributable reserves133 | €636,846 | €560,890 | €646,181 | €722,625 | €783,323 | ▲ 8.4% |
| Amounts payable17/49 | €150,614 | €140,025 | €191,441 | €136,990 | €145,776 | ▲ 6.4% |
| Amounts payable within one year42/48 | €144,163 | €136,440 | €186,896 | €133,490 | €145,776 | ▲ 9.2% |
| Trade debts44 | €101,015 | €90,532 | €102,002 | €73,725 | €87,405 | ▲ 18.6% |
| Suppliers440/4 | €101,015 | €90,532 | €102,002 | €73,725 | €87,405 | ▲ 18.6% |
| Taxes, remuneration and social security45 | €32,907 | €22,367 | €47,500 | €10,696 | - | - |
| Taxes450/3 | €32,907 | €22,367 | €47,500 | €10,696 | - | - |
| Other amounts payable47/48 | €10,241 | €23,541 | €37,393 | €49,069 | €58,371 | ▲ 19.0% |
| Accrued charges and deferred income492/3 | €6,451 | €3,585 | €4,545 | €3,500 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122,185 | €85,626 | €130,089 | €130,423 | €60,698 | ▼ 53.5% |
| + Depreciation and write-downs630 | €6,292 | €8,860 | €11,940 | €10,274 | €8,762 | ▼ 14.7% |
| Operating cash flow (approximation) | €128,477 | €94,486 | €142,029 | €140,697 | €69,460 | ▼ 50.6% |
| Investment in fixed assets (approximation) | - | -€10,470 | -€12,957 | €522 | -€9,827 | ▼ 1,983% |
| Change in cash | - | -€83,950 | €72,839 | €2,791 | €63,124 | ▲ 2,162% |
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
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2019net €130,423 ▲0.3%
Net result €130,423, the highest in the series.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Herselt · 2 establishment units since 1997
Ground area
6,314 m²
Building footprint
676 m²
Volume, LiDAR
2,583 m³
2 parcels, Flanders · tallest building 9.1 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
AGRARISCH CENTRUM ADAMS BVBA
since 19972.083.978.682
AGRARISCH CENTRUM ADAMS BVBA
since 19982.083.978.583
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24001D0200/00H000 | Flanders | 4,701 m² | 1 · 192 m² | 9.1 m · 1 fl. |
| 13392L0675/00K000 | Flanders | 1,612 m² | 1 · 484 m² | 4.3 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHerselt2.083.978.682
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Of 1,741 companies in this sector we hold annual accounts for 758. 389 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded29-08-1997
Fiscal year end30-09
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461370305
Also
9925:BE0461370305
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.