Adappter
ActiveSummary
Adappter has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €-48k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 482 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-73
Solvency84▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.83 against 5.24 in 2024; short-term debt: 15% and cash: 27.2% of total assets), and 41% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
59%
Return on assets
-33.7%
Age of the figures
15 mo
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 31-01-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
3 d late
2023
5 d early
2022
28 d late
2021
28 d late
2020
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Turnover
€122k
EBIT margin
23.3%
Net result
€-48k
2024 · €6k
Working capital
€40k▼ 59.1%
2024 · €97k
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€122k
Operating result€38k▼ 33.7%€29k▼ 25.5%€22k▼ 21.2%€12k▼ 48.6%€-47k
Net result€30k▼ 28.9%€22k▼ 24.7%€15k▼ 34.9%€6k▼ 56.2%€-48k
EBIT margin23.3%
Equity€92k▲ 48.1%€114k▲ 24.4%€129k▲ 12.8%€135k▲ 5.0%€85k▼ 37.1%
Total assets€108k▲ 25.0%€129k▲ 19.4%€141k▲ 9.7%€209k▲ 47.7%€144k▼ 31.1%
Debt€16k▼ 33.3%€15k▼ 8.8%€13k▼ 14.2%€74k▲ 478%€59k▼ 20.1%
Working capital€84k▲ 39.7%€106k▲ 25.0%€102k▼ 3.8%€97k▼ 4.4%€40k▼ 59.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €47k after €12k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144k
Fixed assets
€83k ▼ 6.9%
Current assets
€61k ▼ 48.9%
Equity and liabilities €144k
Equity
€85k ▼ 37.1%
Debt
€59k ▼ 20.1%
Debt's share of the balance-sheet total rises from 35.3% to 41.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-26k▼
2024 · €26k
Cash flow
€-28k▼
2024 · €21k
Current ratio
2.83▼
2024 · 5.24
Debt to equity
0.69▲
2024 · 0.55
ROE
-57.0%▼
2024 · 4.7%
ROA
-33.7%▼
2024 · 3.1%
Interest coverage
-19.78▼
2024 · 18.07
Debt ≤ 1 year
€22k▼
2024 · €23k
Debt > 1 year
€37k▼
2024 · €51k
Income taxes
€194▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €122k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €95k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €3k | €15k | €21k | ▲ 41.3% |
| Other operating charges640/8 | - | €855 | €862 | €2k | €4k | ▲ 78.7% |
| Gross operating margin9900 | €40k | €31k | €27k | €28k | €-22k | ▼ 178% |
| Operating profit (loss)9901 | €38k | €29k | €22k | €12k | €-47k | ▼ 506% |
| Financial income75/76B | - | €4k | - | €2 | €8 | ▲ 239% |
| Recurring financial income75 | €3k | €4k | - | €2 | €8 | ▲ 239% |
| Financial charges65/66B | - | €1k | €710 | €1k | €1k | ▼ 9.8% |
| Recurring financial charges65 | €969 | €1k | €710 | €1k | €1k | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | €40k | €31k | €22k | €10k | €-48k | ▼ 577% |
| Income taxes67/77 | €11k | €9k | €7k | €4k | €194 | ▼ 94.8% |
| Profit (loss) for the period9904 | €30k | €22k | €15k | €6k | €-48k | ▼ 858% |
| Profit (loss) for the period to be appropriated9905 | €30k | €22k | €15k | €6k | €-48k | ▼ 858% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108k | €129k | €141k | €209k | €144k | ▼ 31.1% |
| Fixed assets21/28 | €7k | €8k | €27k | €89k | €83k | ▼ 6.9% |
| Tangible fixed assets22/27 | €3k | €4k | €22k | €89k | €83k | ▼ 6.9% |
| Land and buildings22 | - | - | €17k | €15k | €21k | ▲ 40.6% |
| Plant, machinery and equipment23 | - | €1k | €283 | €0 | - | - |
| Furniture and vehicles24 | - | €3k | €4k | €10k | €12k | ▲ 19.7% |
| Leasing and similar rights25 | - | - | - | €63k | €49k | ▼ 22.6% |
| Financial fixed assets28 | €5k | €5k | €6k | €0 | - | - |
| Current assets29/58 | €101k | €120k | €114k | €120k | €61k | ▼ 48.9% |
| Amounts receivable within one year40/41 | €13k | €16k | €36k | €51k | €16k | ▼ 69.4% |
| Trade receivables40 | - | €16k | €31k | €49k | €12k | ▼ 75.1% |
| Other amounts receivable41 | - | €98 | €5k | €1k | €3k | ▲ 130% |
| Cash at bank and in hand54/58 | €86k | €102k | €75k | €66k | €39k | ▼ 40.8% |
| Deferred charges and accrued income490/1 | - | €2k | €4k | €3k | €7k | ▲ 123% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108k | €129k | €141k | €209k | €144k | ▼ 31.1% |
| Equity10/15 | €92k | €114k | €129k | €135k | €85k | ▼ 37.1% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €72k | €94k | €109k | €115k | €65k | ▼ 43.5% |
| Distributable reserves133 | - | €94k | €109k | €115k | €65k | ▼ 43.5% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €16k | €15k | €13k | €74k | €59k | ▼ 20.1% |
| Amounts payable after more than one year17 | - | - | - | €51k | €37k | ▼ 26.7% |
| Financial debts170/4 | - | - | - | €51k | €37k | ▼ 26.7% |
| Amounts payable within one year42/48 | €16k | €15k | €13k | €23k | €22k | ▼ 5.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13k | €14k | ▲ 2.9% |
| Financial debts43 | - | €2k | €573 | €503 | €697 | ▲ 38.5% |
| Credit institutions430/8 | - | €2k | €573 | €503 | €697 | ▲ 38.5% |
| Trade debts44 | €1k | €1k | €2k | €2k | €4k | ▲ 73.6% |
| Suppliers440/4 | - | €1k | €2k | €2k | €4k | ▲ 73.6% |
| Taxes, remuneration and social security45 | - | €12k | €10k | €7k | €2k | ▼ 70.5% |
| Taxes450/3 | - | €12k | €10k | €7k | €2k | ▼ 70.5% |
| Other amounts payable47/48 | - | - | - | - | €2k | - |
| Accrued charges and deferred income492/3 | - | - | €192 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €22k | €15k | €6k | €-48k | ▼ 858% |
| + Depreciation and write-downs630 | €2k | €2k | €3k | €15k | €21k | ▲ 41.3% |
| Operating cash flow (approximation) | €31k | €24k | €18k | €21k | €-28k | ▼ 230% |
| Investment in fixed assets (approximation) | - | €-3k | €-22k | €-76k | €-15k | ▲ 80.7% |
| Change in cash | - | €16k | €-27k | €-9k | €-27k | ▼ 211% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
30-06
Financial
Equity above €100kEq €114k ▲24.4%
3 profitable years in a row build equity to €114k.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 28 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2019
Ground area
410 m²
Building footprint
210 m²
Volume, LiDAR
2,752 m³
Parcel 11806F1488/00R007, Flanders · tallest building 19.3 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Adappter
since 20192.287.358.879
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1488/00R007 | Flanders | 410 m² | 1 · 209 m² | 19.3 m · 5 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.
Similar companies · same sector, comparable size
SOLISYS
BE 0886.218.130
Courcelles · Eq €84,848
SMART-LINK
BE 0471.834.130
Lede · Eq €85,168
WEB DESIGN DEVELOPPEMENT
BE 0472.700.004
Namur · Eq €85,192
Qzem Holding
BE 0845.645.406
Dilsen-Stokkem · Eq €85,259
Sensify Technologies
BE 0807.166.296
Gent · Eq €84,409
Of 2,727 companies in sector 63100 we hold annual accounts for 1,269. 983 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-03-2019
Fiscal year end30-06
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.