AdCoFa
ActiveSummary
The computed 12-month bankruptcy probability of AdCoFa is 1.9% (moderate). The 2025 annual accounts show equity of €7,408 and a net result of -€1,722. Equity is growing by ~6.1% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 138 days before 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)
History
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Financials · fiscal year 2025, unclassified schema
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Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
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%.
| 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 3,597 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €723 | €723 | €667 | €1,101 | €1,418 | ▲ 28.8% |
| Other operating charges640/8 | - | €891 | €2,208 | €1,001 | €1,037 | ▲ 3.5% |
| Gross operating margin9900 | €10,774 | €24,660 | -€11,855 | €230 | €2,236 | ▲ 870% |
| Operating profit (loss)9901 | €9,202 | €23,046 | -€14,730 | -€1,872 | -€219 | ▲ 88.3% |
| Financial income75/76B | - | - | €8,486 | - | €0 | - |
| Recurring financial income75 | €0 | - | €8,486 | - | €0 | - |
| Non-recurring financial income76B | - | - | €8,486 | - | - | - |
| Financial charges65/66B | - | €461 | €1,737 | €1,610 | €1,324 | ▼ 17.8% |
| Recurring financial charges65 | €677 | €461 | €1,737 | €1,610 | €1,324 | ▼ 17.8% |
| Profit (loss) for the period before taxes9903 | €8,526 | €22,585 | -€7,981 | -€3,482 | -€1,544 | ▲ 55.7% |
| Income taxes67/77 | €2,726 | €5,912 | €209 | €178 | €178 | ▼ 0.1% |
| Profit (loss) for the period9904 | €5,800 | €16,673 | -€8,190 | -€3,661 | -€1,722 | ▲ 53.0% |
| Profit (loss) for the period to be appropriated9905 | €5,800 | €16,673 | -€8,190 | -€3,661 | -€1,722 | ▲ 53.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,768 | €31,283 | €19,293 | €23,058 | €17,033 | ▼ 26.1% |
| Fixed assets21/28 | €1,174 | €451 | €2,346 | €4,732 | €3,314 | ▼ 30.0% |
| Tangible fixed assets22/27 | €1,174 | €451 | €2,346 | €4,732 | €3,314 | ▼ 30.0% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - |
| Furniture and vehicles24 | - | €451 | €0 | €2,642 | €1,480 | ▼ 44.0% |
| Other tangible fixed assets26 | - | - | €2,346 | €2,090 | €1,834 | ▼ 12.3% |
| Current assets29/58 | €19,594 | €30,832 | €16,947 | €18,325 | €13,719 | ▼ 25.1% |
| Amounts receivable within one year40/41 | €1,624 | €459 | €6,941 | €6,510 | €6,173 | ▼ 5.2% |
| Trade receivables40 | - | €0 | €5,678 | €5,800 | €5,728 | ▼ 1.2% |
| Other amounts receivable41 | - | €459 | €1,263 | €710 | €445 | ▼ 37.3% |
| Cash at bank and in hand54/58 | €17,452 | €29,866 | €10,006 | €11,816 | €7,370 | ▼ 37.6% |
| Deferred charges and accrued income490/1 | - | €507 | €0 | - | €176 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,768 | €31,283 | €19,293 | €23,058 | €17,033 | ▼ 26.1% |
| Equity10/15 | €4,308 | €20,981 | €12,791 | €9,130 | €7,408 | ▼ 18.9% |
| Contributions10/11 | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €308 | €16,981 | €8,791 | €5,130 | €3,408 | ▼ 33.6% |
| Amounts payable17/49 | €16,460 | €10,302 | €6,502 | €13,927 | €9,624 | ▼ 30.9% |
| Amounts payable within one year42/48 | €16,460 | €10,302 | €6,502 | €13,927 | €9,624 | ▼ 30.9% |
| Trade debts44 | €0 | €0 | €0 | €842 | €0 | ▼ 100% |
| Suppliers440/4 | - | €0 | €0 | €842 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €7,538 | €9 | €2,700 | €1,378 | ▼ 49.0% |
| Taxes450/3 | - | €7,538 | €9 | €2,700 | €1,378 | ▼ 49.0% |
| Other amounts payable47/48 | - | €2,764 | €6,494 | €10,385 | €8,246 | ▼ 20.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,800 | €16,673 | -€8,190 | -€3,661 | -€1,722 | ▲ 53.0% |
| + Depreciation and write-downs630 | €723 | €723 | €667 | €1,101 | €1,418 | ▲ 28.8% |
| Operating cash flow (approximation) | €6,523 | €17,395 | -€7,522 | -€2,560 | -€304 | ▲ 88.1% |
| Investment in fixed assets (approximation) | - | €0 | -€2,563 | -€3,487 | €0 | ▲ 100% |
| Change in cash | - | €12,414 | -€19,860 | €1,810 | -€4,446 | ▼ 346% |
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
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.
Directors · office · real estate
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wiesenweg 224701 Eupen1 establishment unit
Similar companies · same sector, comparable size
Identification & contact
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.