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ADCOCHEM

Open bankruptcy
Private limited companyfounded 2015Italiëlei 189, 2000 Antwerpen, BelgiumKBO/BCE: BE 0589.984.583

A bankruptcy procedure is open for ADCOCHEM according to publications in the Belgian State Gazette; curator: CATHéRINE LANNOY.

Summary

The 2022 annual accounts show equity of €147,902 and a net result of €5,870.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Antwerp division
Declared bankrupt
11 April 2024
Supervising judge
Benoit Ide
Official Gazette
18-04-2024 (pdf) ↗search the document for 2024/115866

Deadlines

Provisional date payments stopped
11 April 2024A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 3 May 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 11 May 2024art. XX.104 and XX.155 CEL
First verification report
passed on 7 June 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 11 April 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Two signals.
+raises risk
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
Checked, nothing found (1)
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

ADCOCHEM was incorporated on 2 February 2015.1 Total assets went from EUR 1.1 million in 2018 to EUR 1.1 million in 2022.2 On 11 April 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2022
  3. 3Belgian State Gazette, 18-04-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, abbreviated schema

Equity
€147,902▼ 75.0%
2021 · €592,032
Net result
€5,870▲ 173%
2021 · €2,153
Total assets
€1.1m▼ 23.6%
2021 · €1.5m
Solvency
12.9%▼ 26.6pp
2021 · 39.5%
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20182019202020212022
Operating result€35,169-€84,247▲ 140%€55,010▼ 34.7%€11,164▼ 79.7%€13,432▲ 20.3%
Net result€18,790-€52,670▲ 180%€31,768within the sector's middle half▼ 39.7%€2,153below the sector's middle half▼ 93.2%€5,870within the sector's middle half▲ 173%
Equity€505,442-€558,112▲ 10.4%€589,880within the sector's middle half▲ 5.7%€592,032within the sector's middle half▲ 0.4%€147,902below the sector's middle half▼ 75.0%
Total assets€1.1m-€1.3m▲ 11.1%€1.4mwithin the sector's middle half▲ 13.7%€1.5mwithin the sector's middle half▲ 5.0%€1.1mwithin the sector's middle half▼ 23.6%
Debt€624,674-€697,539▲ 11.7%€837,542▲ 20.1%€907,096▲ 8.3%€998,139▲ 10.0%
Working capital-€349,876--€354,578▼ 1.3%-€296,210below the sector's middle half▲ 16.5%-€386,506below the sector's middle half▼ 30.5%-€393,081below the sector's middle half▼ 1.7%
Solvency44.7%-44.4%▼ 0.3pp41.3%within the sector's middle half▼ 3.1pp39.5%within the sector's middle half▼ 1.8pp12.9%below the sector's middle half▼ 26.6pp
Current ratio0.26-0.42▲ 0.150.59within the sector's middle half▲ 0.170.56within the sector's middle half▼ 0.020.60within the sector's middle half▲ 0.04
Return on assets (ROA)1.7%-4.2%▲ 2.5pp2.2%within the sector's middle half▼ 2.0pp0.1%below the sector's middle half▼ 2.1pp0.5%within the sector's middle half▲ 0.4pp
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
€0€25,000€50,000€75,000Operating result 2018: €35,169€35,169Net result 2018: €18,790€18,790Operating result 2019: €84,247€84,247Net result 2019: €52,670€52,670Operating result 2020: €55,010€55,010Net result 2020: €31,768€31,768Operating result 2021: €11,164€11,164Net result 2021: €2,153€2,153Operating result 2022: €13,432€13,432Net result 2022: €5,870€5,87020182019202020212022€0€20,000€40,000€60,000Operating result 2020: €55,010€55,000Net result 2020: €31,768€31,800Operating result 2021: €11,164€11,200Net result 2021: €2,153€2,150Operating result 2022: €13,432€13,400Net result 2022: €5,870€5,870202020212022
The operating result recovers in 2022; 2022 is 20% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.1m
Fixed assets €553,265 ▼ 44.9%
Current assets €592,776 ▲ 19.7%
Equity and liabilities €1.1m
Equity €147,902 ▼ 75.0%
Debt €998,139 ▲ 10.0%
Debt's share of the balance-sheet total rises from 60.5% to 87.1%. Equity is lower and debt is higher.
Key figures and ratios
2022 value · change against 2021
ROE
4.0%▲
2021 · 0.4%
Debt ≤ 1 year
€985,857▲
2021 · €881,708
Income taxes
€2,471▲
2021 · €956
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 · 2022 against 2021 · 47 lines
Balance sheet Code20212022
Assets
Total assets20/58€1.5m€1.1m▼
Fixed assets21/28€1.0m€553,265▼
Tangible fixed assets22/27€826€165▼
Furniture and vehicles24€826€165▼
Financial fixed assets28€1.0m€553,100▼
Current assets29/58€495,202€592,776▲
Amounts receivable after more than one year29€43,560€43,560=
Other amounts receivable291€43,560€43,560=
Amounts receivable within one year40/41€447,266€544,521▲
Trade receivables40€298,290€366,379▲
Other amounts receivable41€148,976€178,142▲
Cash at bank and in hand54/58€913€436▼
Deferred charges and accrued income490/1€3,463€4,259▲
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.1m▼
Equity10/15€592,032€147,902▼
Contributions10/11€12,400€12,400=
Revaluation surpluses12€450,000-
Reserves13€129,632€135,502▲
Non-distributable reserves130/1€1,855€1,855=
Reserves not available under the articles1311€1,855€1,855=
Distributable reserves133€127,777€133,647▲
Amounts payable17/49€907,096€998,139▲
Amounts payable after more than one year17€17,203-
Financial debts170/4€17,203-
Amounts payable within one year42/48€881,708€985,857▲
Current portion of amounts payable after more than one year42€67,652€17,203▼
Trade debts44€535,599€170,944▼
Suppliers440/4€535,599€170,944▼
Taxes, remuneration and social security45€1,946€3,428▲
Taxes450/3€1,946€3,428▲
Other amounts payable47/48€276,512€794,282▲
Accrued charges and deferred income492/3€8,184€12,282▲
Income statement Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€661€661=
Other operating charges640/8€101€1,046▲
Gross operating margin9900€11,926€15,139▲
Operating profit (loss)9901€11,164€13,432▲
Financial income75/76B€3,109€4,054▲
Recurring financial income75€3,109€4,054▲
Financial charges65/66B€11,164€9,145▼
Recurring financial charges65€11,164€9,145▼
Profit (loss) for the period before taxes9903€3,109€8,341▲
Income taxes67/77€956€2,471▲
Profit (loss) for the period9904€2,153€5,870▲
Profit (loss) for the period to be appropriated9905€2,153€5,870▲
Appropriation of the result
Profit (loss) to be appropriated9906€2,153€5,870▲
Transfer to equity691/2€2,153€5,870▲
To other reserves6921€2,153€5,870▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€496€661€661=
Other operating charges640/8---€101€1,046▲ 935%
Gross operating margin9900€35,265€84,345€57,230€11,926€15,139▲ 26.9%
Operating profit (loss)9901€35,169€84,247€55,010€11,164€13,432▲ 20.3%
Financial income75/76B---€3,109€4,054▲ 30.4%
Recurring financial income75€1,523€1,188€638€3,109€4,054▲ 30.4%
Financial charges65/66B---€11,164€9,145▼ 18.1%
Recurring financial charges65€13,795€10,642€12,604€11,164€9,145▼ 18.1%
Profit (loss) for the period before taxes9903€22,898€74,794€43,043€3,109€8,341▲ 168%
Income taxes67/77€4,107€22,124€11,276€956€2,471▲ 158%
Profit (loss) for the period9904€18,790€52,670€31,768€2,153€5,870▲ 173%
Profit (loss) for the period to be appropriated9905€18,790€52,670€31,768€2,153€5,870▲ 173%
Line20182019202020212022Change
Assets
Total assets20/58€1.1m€1.3m€1.4m€1.5m€1.1m▼ 23.6%
Fixed assets21/28€1.0m€1.0m€1.0m€1.0m€553,265▼ 44.9%
Tangible fixed assets22/27--€1,487€826€165▼ 80.0%
Furniture and vehicles24---€826€165▼ 80.0%
Financial fixed assets28€1.0m€1.0m€1.0m€1.0m€553,100▼ 44.9%
Current assets29/58€123,917€252,551€419,835€495,202€592,776▲ 19.7%
Amounts receivable after more than one year29---€43,560€43,560=
Other amounts receivable291---€43,560€43,560=
Amounts receivable within one year40/41€117,631€251,643€373,697€447,266€544,521▲ 21.7%
Trade receivables40---€298,290€366,379▲ 22.8%
Other amounts receivable41---€148,976€178,142▲ 19.6%
Cash at bank and in hand54/58€6,285€908€1,190€913€436▼ 52.3%
Deferred charges and accrued income490/1---€3,463€4,259▲ 23.0%
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.3m€1.4m€1.5m€1.1m▼ 23.6%
Equity10/15€505,442€558,112€589,880€592,032€147,902▼ 75.0%
Contributions10/11€12,400€12,400-€12,400€12,400=
Revaluation surpluses12---€450,000--
Reserves13€43,042€95,712€127,480€129,632€135,502▲ 4.5%
Non-distributable reserves130/1---€1,855€1,855=
Reserves not available under the articles1311---€1,855€1,855=
Distributable reserves133---€127,777€133,647▲ 4.6%
Amounts payable17/49€624,674€697,539€837,542€907,096€998,139▲ 10.0%
Amounts payable after more than one year17€150,882€90,410€90,410€17,203--
Financial debts170/4---€17,203--
Amounts payable within one year42/48€473,793€607,128€716,044€881,708€985,857▲ 11.8%
Current portion of amounts payable after more than one year42---€67,652€17,203▼ 74.6%
Trade debts44€136,332€262,074€393,301€535,599€170,944▼ 68.1%
Suppliers440/4---€535,599€170,944▼ 68.1%
Taxes, remuneration and social security45---€1,946€3,428▲ 76.2%
Taxes450/3---€1,946€3,428▲ 76.2%
Other amounts payable47/48---€276,512€794,282▲ 187%
Accrued charges and deferred income492/3---€8,184€12,282▲ 50.1%
Line20182019202020212022Change
Profit (loss) for the period9904€18,790€52,670€31,768€2,153€5,870▲ 173%
+ Depreciation and write-downs630--€496€661€661=
Operating cash flow (approximation)€18,790€52,670€32,263€2,813€6,531▲ 132%
Investment in fixed assets (approximation)-€3,100-€4,983€3,000€450,000▲ 14,900%
Change in cash--€5,378€282-€277-€477▼ 72.1%

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

2024
18-04
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 11-04-2024
2023
31-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 92 days late
2022
13-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Weakest financial yearnet €2,153 ▼93.2%
Net result drops to €2,153, the lowest in the series.
30-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Highest result since 2018net €52,670 ▲180%
Operating result €84,247, net result €52,670, both a record.
11-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 42 days late
2018
21-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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 2015
seat establishment The establishment unit on the map
Ground area
148 m²
Building footprint
148 m²
Volume, LiDAR
2,920 m³
Parcel 11805E1282/00K006, Flanders · tallest building 28.2 m, ±8 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
ADCOCHEM
Italiëlei 189, 2000 AntwerpenFinancial service activities, except insurance and pension funding
since 20152.239.921.624
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11805E1282/00K006 Flanders 148 m² 1 · 148 m² 28.2 m · 8 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator CATHéRINE LANNOY
MECHELSESTEENWEG 271/8.1, 2018 ANTWERPEN 1
11-04-2024 → present

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 31-12-2022 list no shareholders, and no other source names one.

Holdings 2

According to the 2022 annual accounts of ADCOCHEM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,217 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
Founded02-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0589984583
Registered 12-06-2026

The company is no longer active; its Peppol card can remain until its access point withdraws it.

Register as of 28 September 2026 · Peppol Directory

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