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ADASKO TRADING

Active
Private limited companyfounded 20233 yrs activeArtesiëstraat 59, 1000 Brussel, BelgiumKBO/BCE: BE 0805.886.589
Summary

The computed 12-month bankruptcy probability of ADASKO TRADING is 2.8% (moderate). The 2025 annual accounts show equity of €125,712 and a net result of €11,790. Its solvency ranks better than 24% of 11502 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability23▼-17
Solvency33=
Growth52
Track record94
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 1.09 in 2024; short-term debt: 92.4% and cash: 1.8% of total assets), and 92.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
7.6%
Return on assets
0.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 11502 sector peers (2025).
NBB · sector comparison
Position among 11502 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 2 filings
Deviation from the deadline
2025
31 d late
2024
60 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 46 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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

ADASKO TRADING was incorporated on 15 September 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€125,712▲ 10.3%
2024 · €113,922
Total assets
€1.6m▲ 20.5%
2024 · €1.4m
Net result
€11,790▼ 15.3%
2024 · €13,922
Working capital
€53,504▼ 53.0%
2024 · €113,922
Trend over the years

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

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€14,437--€7,701
Net result€13,922within the sector's middle half-€11,790within the sector's middle half▼ 15.3%
Equity€113,922within the sector's middle half-€125,712within the sector's middle half▲ 10.3%
Total assets€1.4mabove the sector's middle half-€1.6mabove the sector's middle half▲ 20.5%
Debt€1.3m-€1.5m▲ 21.4%
Working capital€113,922within the sector's middle half-€53,504within the sector's middle half▼ 53.0%
Solvency8.3%within the sector's middle half-7.6%below the sector's middle half▼ 0.7pp
Current ratio1.09within the sector's middle half-1.04within the sector's middle half▼ 0.06
Return on assets (ROA)1.0%within the sector's middle half-0.7%within the sector's middle half▼ 0.3pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000Operating result 2024: €14,437€14,437Net result 2024: €13,922€13,922Operating result 2025: -€7,701-€7,701Net result 2025: €11,790€11,79020242025-€10,000€0€10,000Operating result 2024: €14,437€14,400Net result 2024: €13,922€13,900Operating result 2025: -€7,701-€7,700Net result 2025: €11,790€11,80020242025
The operating result turns negative in 2025: a loss of €7,701 after €14,437 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets €72,208
Current assets €1.6m
Equity and liabilities €1.6m
Equity €125,712 ▲ 10.3%
Debt €1.5m ▲ 21.4%
Debt's share of the balance-sheet total rises from 91.7% to 92.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€672
Cash flow
€20,163
Quick ratio
0.26▲
2024 · 0.23
Debt to equity
12.08▲
2024 · 10.98
ROE
9.4%▼
2024 · 12.2%
Interest coverage
0.42
Debt ≤ 1 year
€1.5m▲
2024 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,513 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.1% went bankrupt
1.3% stopped otherwise
96% still going

A further 0.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% 1.7%
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 75% 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 1,513 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 · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.4m€1.6m▲
Fixed assets21/28-€72,208
Tangible fixed assets22/27-€72,208
Plant, machinery and equipment23-€900
Furniture and vehicles24-€71,308
Current assets29/58€1.4m€1.6m▲
Stocks and contracts in progress3€1.1m€1.2m▲
Stocks30/36€1.1m€1.2m▲
Amounts receivable within one year40/41€273,835€372,414▲
Trade receivables40€239,940€348,676▲
Other amounts receivable41€33,895€23,737▼
Cash at bank and in hand54/58€13,743€28,804▲
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.6m▲
Equity10/15€113,922€125,712▲
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14€13,922€25,712▲
Amounts payable17/49€1.3m€1.5m▲
Amounts payable within one year42/48€1.3m€1.5m▲
Trade debts44€1.1m€1.3m▲
Suppliers440/4€1.1m€1.3m▲
Other amounts payable47/48€117,698€194,534▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€8,373
Gross operating margin9900€14,437€672▼
Operating profit (loss)9901€14,437-€7,701▼
Financial income75/76B-€21,093
Recurring financial income75-€21,093
Financial charges65/66B€516€1,602▲
Recurring financial charges65€516€1,602▲
Profit (loss) for the period before taxes9903€13,922€11,790▼
Profit (loss) for the period9904€13,922€11,790▼
Profit (loss) for the period to be appropriated9905€13,922€11,790▼
Appropriation of the result
Profit (loss) to be appropriated9906€13,922€25,712▲
Profit (loss) brought forward from the previous period14P-€13,922

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

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€8,373-
Gross operating margin9900€14,437€672▼ 95.3%
Operating profit (loss)9901€14,437-€7,701▼ 153%
Financial income75/76B-€21,093-
Recurring financial income75-€21,093-
Financial charges65/66B€516€1,602▲ 211%
Recurring financial charges65€516€1,602▲ 211%
Profit (loss) for the period before taxes9903€13,922€11,790▼ 15.3%
Profit (loss) for the period9904€13,922€11,790▼ 15.3%
Profit (loss) for the period to be appropriated9905€13,922€11,790▼ 15.3%
Line20242025Change
Assets
Total assets20/58€1.4m€1.6m▲ 20.5%
Fixed assets21/28-€72,208-
Tangible fixed assets22/27-€72,208-
Plant, machinery and equipment23-€900-
Furniture and vehicles24-€71,308-
Current assets29/58€1.4m€1.6m▲ 15.2%
Stocks and contracts in progress3€1.1m€1.2m▲ 8.7%
Stocks30/36€1.1m€1.2m▲ 8.7%
Amounts receivable within one year40/41€273,835€372,414▲ 36.0%
Trade receivables40€239,940€348,676▲ 45.3%
Other amounts receivable41€33,895€23,737▼ 30.0%
Cash at bank and in hand54/58€13,743€28,804▲ 110%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.6m▲ 20.5%
Equity10/15€113,922€125,712▲ 10.3%
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14€13,922€25,712▲ 84.7%
Amounts payable17/49€1.3m€1.5m▲ 21.4%
Amounts payable within one year42/48€1.3m€1.5m▲ 21.4%
Trade debts44€1.1m€1.3m▲ 16.9%
Suppliers440/4€1.1m€1.3m▲ 16.9%
Other amounts payable47/48€117,698€194,534▲ 65.3%
Line20242025Change
Profit (loss) for the period9904€13,922€11,790▼ 15.3%
+ Depreciation and write-downs630-€8,373-
Operating cash flow (approximation)€13,922€20,163▲ 44.8%
Change in cash-€15,061-

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
NBB filing
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
1 act for this company is 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, Brussel
exact location from the address register On OpenStreetMap
Ground area
384 m²
Building footprint
143 m²
Volume, LiDAR
2,110 m³
Parcel 21810L2197/00L020, Brussels · tallest building 16.2 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21810L2197/00L020 Brussels 384 m² 1 · 143 m² 16.2 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

Of 679 companies in sector 46494 we hold annual accounts for 532. 381 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
Founded15-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46494Wholesale of non-electrical household articles
46150Agents in the wholesale of furniture, household goods and hardware
46499Wholesale of other household goods
E-invoicing
Reachable via Peppol
Peppol ID 0208:0805886589
Also 9925:BE0805886589
Registered 19-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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