ADCO
Dissolution or liquidationSummary
The KBO register records for ADCO the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2014 annual accounts show equity of €180,642 and a net result of -€35,131.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2014 was due by 31-07-2015 and was filed on 26-08-2015, 26 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2014, abbreviated schema
Equity
€180,642▼ 16.3%
2013 · €215,773
Total assets
€589,893▼ 7.1%
2013 · €635,287
Net result
-€35,131
2013 · €137,064
Working capital
-€15,377
2013 · €197,021
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
Line20102011201220132014
Operating result€124,683-€202,450▲ 62.4%-€138,627€163,453-€22,010
Net result€53,143-€85,501▲ 60.9%-€165,165€137,064-€35,131
Equity€212,173-€237,674▲ 12.0%€78,709▼ 66.9%€215,773▲ 174%€180,642▼ 16.3%
Total assets€575,164-€949,047▲ 65.0%€649,443▼ 31.6%€635,287▼ 2.2%€589,893▼ 7.1%
Debt€353,127-€701,510▲ 98.7%€560,871▼ 20.0%€419,514▼ 25.2%€409,251▼ 2.4%
Working capital€459,027-€599,930▲ 30.7%€58,976▼ 90.2%€197,021▲ 234%-€15,377
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2014: a loss of €22,010 after €163,453 in 2013.
Balance-sheet composition
2014 in colour, 2013 as the grey bar beneath
Assets €589,893
Fixed assets
€476,373 ▲ 59.0%
Current assets
€113,520 ▼ 66.2%
Equity and liabilities €589,893
Equity
€180,642 ▼ 16.3%
Debt
€409,251 ▼ 2.4%
Debt's share of the balance-sheet total rises from 66.0% to 69.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€18,549▼
2013 · €173,871
Cash flow
-€31,670▼
2013 · €147,483
Current ratio
0.88▼
2013 · 2.42
Debt to equity
1.55▲
2013 · 1.30
ROE
-19.4%▼
2013 · 63.5%
ROA
-6.0%▼
2013 · 21.6%
Debt ≤ 1 year
€128,897▼
2013 · €138,734
Debt > 1 year
€280,354=
2013 · €280,354
Income taxes
€90▲
2013 · -€3,128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,249 | €6,922 | €5,626 | €10,419 | €3,461 | ▼ 66.8% |
| Gross operating margin9900 | €137,321 | €213,883 | -€132,359 | €196,564 | -€17,619 | ▼ 109% |
| Operating profit (loss)9901 | €124,683 | €202,450 | -€138,627 | €163,453 | -€22,010 | ▼ 113% |
| Recurring financial income75 | €4,166 | €1,864 | €2,954 | €1,750 | €1,808 | ▲ 3.3% |
| Recurring financial charges65 | €42,640 | €21,914 | €22,018 | €27,523 | €14,839 | ▼ 46.1% |
| Profit (loss) for the period before taxes9903 | €86,209 | €182,400 | -€162,753 | €133,936 | -€35,041 | ▼ 126% |
| Income taxes67/77 | €33,066 | €96,899 | €2,413 | -€3,128 | €90 | ▲ 103% |
| Profit (loss) for the period9904 | €53,143 | €85,501 | -€165,165 | €137,064 | -€35,131 | ▼ 126% |
| Profit (loss) for the period to be appropriated9905 | €53,143 | €85,501 | -€165,165 | €137,064 | -€35,131 | ▼ 126% |
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €575,164 | €949,047 | €649,443 | €635,287 | €589,893 | ▼ 7.1% |
| Fixed assets21/28 | €16,931 | €47,693 | €309,950 | €299,532 | €476,373 | ▲ 59.0% |
| Tangible fixed assets22/27 | €16,931 | €47,693 | €309,950 | €299,532 | €476,373 | ▲ 59.0% |
| Current assets29/58 | €558,233 | €901,354 | €339,493 | €335,755 | €113,520 | ▼ 66.2% |
| Stocks and contracts in progress3 | - | €178,001 | - | - | - | - |
| Amounts receivable within one year40/41 | €408,759 | €495,911 | €333,260 | €72,884 | €56,637 | ▼ 22.3% |
| Cash at bank and in hand54/58 | €149,474 | €227,441 | €6,233 | €262,871 | €56,883 | ▼ 78.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €575,164 | €949,047 | €649,443 | €635,287 | €589,893 | ▼ 7.1% |
| Equity10/15 | €212,173 | €237,674 | €78,709 | €215,773 | €180,642 | ▼ 16.3% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €123,486 | €219,074 | €225,274 | €225,274 | €225,274 | = |
| Profit (loss) carried forward14 | €76,287 | €23,144 | -€165,165 | -€28,101 | -€63,232 | ▼ 125% |
| Provisions and deferred taxes16 | €9,863 | €9,863 | €9,863 | - | - | - |
| Amounts payable17/49 | €353,127 | €701,510 | €560,871 | €419,514 | €409,251 | ▼ 2.4% |
| Amounts payable after more than one year17 | €253,921 | €280,354 | €280,354 | €280,354 | €280,354 | = |
| Amounts payable within one year42/48 | €99,206 | €301,424 | €280,517 | €138,734 | €128,897 | ▼ 7.1% |
| Trade debts44 | - | €173,161 | €110,584 | €57,010 | €46,617 | ▼ 18.2% |
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,143 | €85,501 | -€165,165 | €137,064 | -€35,131 | ▼ 126% |
| + Depreciation and write-downs630 | €5,249 | €6,922 | €5,626 | €10,419 | €3,461 | ▼ 66.8% |
| Operating cash flow (approximation) | €58,393 | €92,423 | -€159,539 | €147,483 | -€31,670 | ▼ 121% |
| Investment in fixed assets (approximation) | - | -€37,685 | -€267,883 | €0 | -€180,303 | - |
| Change in cash | - | €77,967 | -€221,209 | €256,639 | -€205,988 | ▼ 180% |
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
2018
04-07
Bankruptcy
Judicial dissolution and immediate closure
Rechtbank van koophandel Antwerpen, afdeling Hasselt
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 26 days late
2014
13-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 13 days late
2013
31-12
Financial
Back to profitnet €137,064
Net result €137,064 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €215,773 ▲174%
Equity rises from €78,709 to €215,773.
19-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 19 days late
2012
31-12
Financial
Weakest financial yearnet -€165,165
Net result drops to -€165,165, the lowest in the series.
16-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 16 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 247 days late
2010
18-10
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 79 days late
2009
02-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
05-08
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 5 days late
2007
31-08
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Truiden
Ground area
1,024 m²
Building footprint
101 m²
Volume, LiDAR
440 m³
Parcel 71009A0486/00E000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71009A0486/00E000 | Flanders | 1,024 m² | 1 · 101 m² | 6.4 m · 1 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-12-2005
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.