ADCOFIN
ActiveADCOFIN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21k and a net result of €9k. Equity is shrinking by ~23% per year across the filed fiscal years. Its solvency ranks better than 91% of 8969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+96
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 12.96 against 25.38 in 2023; short-term debt: 7.5% and cash: 60.3% of total assets), and 7.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €21k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
41 d early
2022
32 d early
2021
32 d early
2020
31 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€21k▲ 67.9%
2023 · €13k
2018: €49k
2019: €36k
2020: €28k
2021: €14k
2022: €14k
2023: €13k
2018 → 2024
Total assets
€23k▲ 74.9%
2023 · €13k
2018: €50k
2019: €37k
2020: €51k
2021: €33k
2022: €17k
2023: €13k
2018 → 2024
Net result
€9k
2023 · €-2k
2018: €-13k
2019: €-13k
2020: €6k
2021: €5k
2022: €31
2023: €-2k
2018 → 2024
Working capital
€21k▲ 77.5%
2023 · €12k
2018: €44k
2019: €36k
2020: €28k
2021: €14k
2022: €14k
2023: €12k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€28k-€14k▼ 47.9%€14k▲ 0.2%€13k▼ 11.1%€21k▲ 67.9%
Operating result€7k-€5k▼ 25.0%€159▼ 96.8%€-1k€8k
Net result€6k-€5k▼ 25.7%€31▼ 99.4%€-2k€9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €8k after a loss of €1k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €23k
Fixed assets
€510▼ 48.0%
Current assets
€23k▲ 84.7%
Equity and liabilities €23k
Equity
€21k▲ 67.9%
Debt
€2k▲ 262%
The debt ratio rises from 3.6% to 7.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▲
2023 · €-1k
Cash flow
€9k▲
2023 · €-1k
Solvency
92.5%▼
2023 · 96.4%
Current ratio
12.96▼
2023 · 25.38
Quick ratio
12.96▼
2023 · 25.38
Debt / equity
0.08▲
2023 · 0.04
ROE
40.4%▲
2023 · -12.4%
ROA
37.4%▲
2023 · -12.0%
Interest coverage
58.51▲
2023 · -7.90
Debt
€2k▲
2023 · €485
Debt ≤ 1 year
€2k▲
2023 · €485
Income taxes
€-10
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€13k€23k▲
Fixed assets21/28€979€510▼
Tangible fixed assets22/27€979€510▼
Plant, machinery and equipment23€979€510▼
Current assets29/58€12k€23k▲
Current investments50/53-€9k
Cash at bank and in hand54/58€12k€14k▲
Equity and liabilities
Total equity and liabilities10/49€13k€23k▲
Equity10/15€13k€21k▲
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-9k€175▲
Amounts payable17/49€485€2k▲
Amounts payable within one year42/48€485€2k▲
Trade debts44€450€440▼
Suppliers440/4€450€440▼
Other amounts payable47/48€35€1k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€430€470▲
Other operating charges640/8€594€513▼
Gross operating margin9900€-467€9k▲
Operating profit (loss)9901€-1k€8k▲
Financial income75/76B€34€397▲
Recurring financial income75€34€397▲
Financial charges65/66B€134€152▲
Recurring financial charges65€134€152▲
Profit (loss) for the period before taxes9903€-2k€9k▲
Income taxes67/77-€-10
Profit (loss) for the period9904€-2k€9k▲
Profit (loss) for the period to be appropriated9905€-2k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€175▲
Profit (loss) brought forward from the previous period14P€-7k€-9k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 25.38
Current ratio from 7.15 to 25.38; short-term debt falls from €2k to €485.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 7.15
Current ratio from 1.76 to 7.15; short-term debt falls from €19k to €2k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 68.01
Current ratio from 31.08 to 68.01; short-term debt falls from €1k to €542.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Torhout · 1 establishment unit since 2011
Cannot be placed on the map
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.
Klaverstraat 78820 TorhoutGround area
840 m²
Building footprint
152 m²
Volume, LiDAR
692 m³
Parcel 31033A0017/00H002, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADCOFIN
since 20112.194.526.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31033A0017/00H002 | Flanders | 840 m² | 1 · 152 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,426 companies in sector 73300 we hold annual accounts for 6,900. 4,783 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2010
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.