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ADANUS

Active
Private limited companyfounded 2023active for 3 yearsHundelgemsesteenweg 685, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0803.417.940
Summary

The computed 12-month bankruptcy probability of ADANUS is 5.3% (elevated). The 2025 annual accounts show negative equity (-€2,435) and a net result of -€3,116. Its solvency ranks better than 5% of 17,021 sector peers (NACE 56, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Overview

Official details

Source: KBO
Status
Active since 30-06-2023 Normal situation
Activity
Limited-service restaurants, excluding mobile food services NACE 56112and 7 others
Establishment unit
2.346.852.444 9820 Merelbeke-Melle, since 30-06-2023
Financial year end
30 June
Peppol
Reachable since 03-10-2025

Board and ownership

Board

Financial position

35 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
5.3%
Annual accounts to 30-06-2025
Gross margin
-€2,717
▲ 18.1%
Loss
€3,116
▼ 6.1%
Equity
-€2,435
Total assets
€763
▼ 7.7%
  • Negative equity on 30-06-2025
Turnover not published (micro format)
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)1 change of registered office in 24 monthsFounded in 2023lowers riskLiquidity: current ratio 0.24, cash €291, halvedShow the evidence

Checked score

Score 2025
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 16% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2024
Weak
Solvency 0-100
equity -319.2% of total assets
Liquidity 48-47
short-term debt 419.2% · cash 38.2%
Profitability 0=
return on assets -408.4%
Bankruptcy probability within 12 months
5.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,783 companies, NACE 56, micro)
Last 24 months 12-2024: 4.9% 01-2025: 4.9%● unchanged vs 12-2024 02-2025: 5.3%▲ +0.4 percentage points vs 01-2025highest value 03-2025: 1.1%▼ -4.2 percentage points vs 02-2025 04-2025: 1.1%● unchanged vs 03-2025lowest value 05-2025: 1.1%● unchanged vs 04-2025lowest value 06-2025: 1.1%● unchanged vs 05-2025 07-2025: 1.1%● unchanged vs 06-2025 08-2025: 1.1%● unchanged vs 07-2025 09-2025: 1.1%● unchanged vs 08-2025 10-2025: 2.7%▲ +1.6 percentage points vs 09-2025 11-2025: 2.9%▲ +0.2 percentage points vs 10-2025 12-2025: 2.9%● unchanged vs 11-2025 01-2026: 3.1%▲ +0.2 percentage points vs 12-2025 02-2026: 4.3%▲ +1.2 percentage points vs 01-2026 03-2026: 4.3%● unchanged vs 02-2026 04-2026: 4.3%● unchanged vs 03-2026 05-2026: 4.3%● unchanged vs 04-2026 06-2026: 4.3%● unchanged vs 05-2026 07-2026: 4.3%● unchanged vs 06-2026 08-2026: 4.3%● unchanged vs 07-2026 09-2026: 4.3%● unchanged vs 08-2026 10-2026: 5.3%▲ +1.0 percentage point vs 09-2026 11-2026: 5.3%● unchanged vs 10-2026
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 9% of them on solvency, 44% on liquidity, 8% on profitability and 2% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 0.24, cash €291, halved
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€2,435
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-01-2026, 16 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
16 days early
2024
7 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 5 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end04-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Financials

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 15-01-2026 PDF all 2 filings

Equity
-€2,435
2024 · €681
Total assets
€763▼ 7.7%
2024 · €827
Net result
-€3,116▲ 6.1%
2024 · -€3,319
Working capital
-€2,435
2024 · €681
Multi-year overview
2024 to 2025, 2 financial years
Operating result
-€3,041
▲ 8.4% 2025
20242025
Net result
-€3,116
▲ 6.1% 2025
middle half of the sector
20242025
Equity
-€2,435
2025
lowest quarter of the sector
20242025
Total assets
€763
▼ 7.7% 2025
lowest quarter of the sector
20242025
Debt
€3,198
▲ 22× 2025
20242025
Working capital
-€2,435
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€3,319--€3,041▲ 8.4%
Net result-€3,319within the sector's middle half--€3,116within the sector's middle half▲ 6.1%
Equity€681within the sector's middle half--€2,435below the sector's middle half
Total assets€827below the sector's middle half-€763below the sector's middle half▼ 7.7%
Debt€146-€3,198▲ 22×
Working capital€681within the sector's middle half--€2,435within the sector's middle half
above within below The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a loss of €3,041, smaller than the loss of €3,319 in 2024.

Turnover and EBIT margin are not published. The micro format does not require them.

Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€3,198▲
2024 · €146
The ratios are withheld because a balance sheet total of €763 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 26 lines
Balance sheet Code20242025
Assets
Total assets20/58€827€763▼
Current assets29/58€827€763▼
Amounts receivable within one year40/41€182€472▲
Other amounts receivable41€182€472▲
Cash at bank and in hand54/58€645€291▼
Equity and liabilities
Total equity and liabilities10/49€827€763▼
Equity10/15€681-€2,435▼
Contributions10/11€4,000€4,000=
Profit (loss) carried forward14-€3,319-€6,435▼
Amounts payable17/49€146€3,198▲
Amounts payable within one year42/48€146€3,198▲
Trade debts44€127€1,280▲
Suppliers440/4€127€1,280▲
Taxes, remuneration and social security45€19€26▲
Taxes450/3€19€26▲
Other amounts payable47/48-€1,892
Income statement Code20242025
Other operating charges640/8-€324
Gross operating margin9900-€3,319-€2,717▲
Operating profit (loss)9901-€3,319-€3,041▲
Financial charges65/66B-€75
Recurring financial charges65-€75
Profit (loss) for the period before taxes9903-€3,319-€3,116▲
Profit (loss) for the period9904-€3,319-€3,116▲
Profit (loss) for the period to be appropriated9905-€3,319-€3,116▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3,319-€6,435▼
Profit (loss) brought forward from the previous period14P--€3,319

The notes to these accounts have 1 item. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 15-01-2026.

Line20242025Change
Other operating charges640/8-€324-
Gross operating margin9900-€3,319-€2,717▲ 18.1%
Operating profit (loss)9901-€3,319-€3,041▲ 8.4%
Financial charges65/66B-€75-
Recurring financial charges65-€75-
Profit (loss) for the period before taxes9903-€3,319-€3,116▲ 6.1%
Profit (loss) for the period9904-€3,319-€3,116▲ 6.1%
Profit (loss) for the period to be appropriated9905-€3,319-€3,116▲ 6.1%
Line20242025Change
Assets
Total assets20/58€827€763▼ 7.7%
Current assets29/58€827€763▼ 7.7%
Amounts receivable within one year40/41€182€472▲ 160%
Other amounts receivable41€182€472▲ 160%
Cash at bank and in hand54/58€645€291▼ 54.8%
Equity and liabilities
Total equity and liabilities10/49€827€763▼ 7.7%
Equity10/15€681-€2,435-
Contributions10/11€4,000€4,000=
Profit (loss) carried forward14-€3,319-€6,435▼ 93.9%
Amounts payable17/49€146€3,198▲ 22×
Amounts payable within one year42/48€146€3,198▲ 22×
Trade debts44€127€1,280▲ 906%
Suppliers440/4€127€1,280▲ 906%
Taxes, remuneration and social security45€19€26▲ 40.9%
Taxes450/3€19€26▲ 40.9%
Other amounts payable47/48-€1,892-
Line20242025Change
Profit (loss) for the period9904-€3,319-€3,116▲ 6.1%
Operating cash flow (approximation)-€3,319-€3,116▲ 6.1%
Change in cash--€353-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 7,639 companies had the same profile as ADANUS has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
84.8% was still going
5.6% stopped otherwise
8.8% went bankrupt

Another 0.7% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of ADANUS itself: 5.3% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 7,639 companies, not a prediction for ADANUS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
30-06-2025 micro format 15-01-2026 2026-00008124 PDF
30-06-2024 micro format 07-02-2025 2025-00030828 PDF

Board & ownership

Directors

Directors
1 director, no change since 2023
Levent KÜTKÜT
Director (not named in the articles) · appointed in the act of 04-07-2023 · term without a fixed end
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 04-07-2023

Owners and capital

Shareholders

At incorporation act of 04-07-2023 ↗

Capital transactions

Capital over time
  1. 04-07-2023 Incorporation · €4,000 · 100 shares

Network & group

ADANUS shares no director with another company.

Companies at the same address

2 other companies

Connections & network

1 current director
Depth

The network starts from the directors of ADANUS. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-01-2027
2026
15-01
NBB filing Annual accounts 2025 filedPDF
micro format · 16 days before the deadline
2025
09-09
Gazette deed Registered office moved from Gent to Merelbeke-Melle
New seat: Hundelgemsesteenweg 685, 9820 Merelbeke-Melle · Previous seat: HEERWEG-NOORD 39, 9052 GENT · Director in office3 points ▸
  • General meeting, 16-07-2025
  • Registered-office move, Hundelgemsesteenweg 685, 9820 Merelbeke-Melle
  • Director in office, Kütküt Levent (director)

Open the act in the Belgian Official Gazette

07-02
NBB filing Annual accounts 2024 filedPDF
micro format · 7 days late
2023
04-07
Gazette deed Incorporation
Starting capital €4,000 · Appointment: Levent KÜTKÜT (director) · Board rule5 points ▸
  • Founding capital, €4,000
  • Board rule, 1, “vergadering” (deed in Dutch)
  • Director appointment, Levent KÜTKÜT (director (not named in the articles))
  • Incorporation, “ADANUS” (deed in Dutch)
  • Founder, Levent KÜTKÜT

Open the act in the Belgian Official Gazette

Gazette deedNBB filing

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 30 June 2023, ADANUS was incorporated as a private limited company by one natural person, with a starting capital of €4,000.12 In 2025 the registered office moved to Merelbeke-Melle.3 Levent KÜTKÜT is director of the company, appointed in the act of 04-07-2023.2

  1. 1KBO register
  2. 2Belgian Official Gazette, 04-07-2023
  3. 3Belgian Official Gazette, 09-09-2025

Company details

Register details

Identity

KBO record
Name ADANUS in Dutch
Enterprise number 0803.417.940
Legal form Private limited company
Status Active, normale toestand
Founded 30-06-2023
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 04-07-2023 (in Dutch)

Registered office and establishments

Registered office Hundelgemsesteenweg 685, 9820 Merelbeke-Melle, Belgium
1 former office
  • Heerweg-Noord 39, 9052 Gent until the act of 09-09-2025
Establishment unit Gök pita & pizza, Hundelgemsesteenweg 685, 9820 Merelbeke-Melle since 30-06-2023 · unit number 2.346.852.444

Activities

NACEBEL 2025
VAT activities
56112 Limited-service restaurants, excluding mobile food services main activity
42110 Construction of roads and motorways
42212 Civil engineering
42220 Construction of utility projects for electricity and telecommunications
43120 Site preparation
43211 General electrical installation work
43422 Screed work
49410 Freight transport by road
Social security (RSZ) activities
56112 Limited-service restaurants, excluding mobile food services main activity
Codes under NACEBEL 2008
42110 Construction of roads and motorways
42212 Civil engineering
42220 Construction of utility projects for electricity and telecommunications
43120 Site preparation
43211 Specialised construction activities
43996 Specialised construction activities
49410 Road freight transport

Invoicing and payment

VAT number BE 0803.417.940
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0803417940
Other Peppol ID 9925:BE0803417940
Registered 03-10-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0803.417.940

Financial year and general meeting

Accounts at the NBB
Financial year end 30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of December at 20:00
deed of 04-07-2023 (in Dutch)

Recognitions · licences · registrations

Food safety, FASFC

1 site
Merelbeke-Melleunit number 2.346.852.444
1 permission
Authorisation · Eetgelegenheid · since 18-09-2025

Sites & property

Location
registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
398 m²
Building footprint
239 m²
Building volume
1,382 m³
Cadastral parcel Region Area Buildings Height / floors
44412C0615/00N000 Flanders 398 m² 1 · 239 m² 10.6 m · 2