ADCOL
ActiveThe computed 12-month bankruptcy probability of ADCOL is 3.5% (moderate). The 2025 annual accounts show negative equity (€-367k) and a net result of €-32k. Equity is shrinking by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 13204 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
16
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▲+2
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.05 in 2024; short-term debt: 585% and cash: 1.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-487.7%
Return on assets
-43.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-367k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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
46 d late
2024
28 d late
2023
19 d late
2022
on the day
2021
32 d early
2020
31 d late
2019
60 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-367k▼ 9.7%
2024 · €-334k
2018: €-40k
2019: €-73k
2020: €-93k
2021: €-127k
2022: €-169k
2023: €-252k
2024: €-334k
2018 → 2025
Total assets
€75k▼ 62.8%
2024 · €202k
2018: €185k
2019: €166k
2020: €148k
2021: €197k
2022: €178k
2023: €220k
2024: €202k
2018 → 2025
Net result
€-32k▲ 60.5%
2024 · €-82k
2018: €-47k
2019: €-33k
2020: €-20k
2021: €-33k
2022: €-43k
2023: €-83k
2024: €-82k
2018 → 2025
Working capital
€-417k▲ 12.4%
2024 · €-476k
2018: €-132k
2019: €-154k
2020: €-164k
2021: €-253k
2022: €-291k
2023: €-417k
2024: €-476k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-127k-€-169k▼ 33.9%€-252k▼ 48.8%€-334k▼ 32.6%€-367k▼ 9.7%
Operating result€-31k-€-41k▼ 30.5%€-82k▼ 98.8%€-80k▲ 2.3%€-30k▲ 61.7%
Net result€-33k-€-43k▼ 28.8%€-83k▼ 92.5%€-82k▲ 0.6%€-32k▲ 60.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2025 against €80k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75k
Fixed assets
€52k▼ 70.5%
Current assets
€23k▼ 7.5%
Key figures and ratios
EBITDA
€514▲
2024 · €-33k
Cash flow
€-1k▲
2024 · €-36k
Solvency
-487.7%▼
2024 · -165.2%
Current ratio
0.05▲
2024 · 0.05
Quick ratio
0.05▲
2024 · 0.05
Debt / equity
-1.21▲
2024 · -1.61
ROA
-43.2%▼
2024 · -40.6%
Interest coverage
0.29▲
2024 · -13.90
Debt
€442k▼
2024 · €537k
Debt ≤ 1 year
€440k▼
2024 · €501k
Income taxes
€189▼
2024 · €192
Staff costs
€-2k▼
2024 · €29k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€202k€75k▼
Fixed assets21/28€178k€52k▼
Tangible fixed assets22/27€178k€52k▼
Plant, machinery and equipment23€820€613▼
Furniture and vehicles24€73k€44k▼
Other tangible fixed assets26€104k€8k▼
Financial fixed assets28€50€50=
Current assets29/58€25k€23k▼
Amounts receivable within one year40/41€22k€22k▼
Trade receivables40€8k€7k▼
Other amounts receivable41€14k€15k▲
Cash at bank and in hand54/58€2k€893▼
Equity and liabilities
Total equity and liabilities10/49€202k€75k▼
Equity10/15€-334k€-367k▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Profit (loss) carried forward14€-353k€-385k▼
Amounts payable17/49€537k€442k▼
Amounts payable after more than one year17€35k-
Financial debts170/4€35k-
Amounts payable within one year42/48€501k€440k▼
Current portion of amounts payable after more than one year42€9k-
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€725€3k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€481k€433k▼
Accrued charges and deferred income492/3€500€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€29k€-2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€31k▼
Other operating charges640/8€12k€2k▼
Gross operating margin9900€8k€440▼
Operating profit (loss)9901€-80k€-30k▲
Financial income75/76B€103-
Recurring financial income75€103-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-82k€-32k▲
Income taxes67/77€192€189▼
Profit (loss) for the period9904€-82k€-32k▲
Profit (loss) for the period to be appropriated9905€-82k€-32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-353k€-385k▼
Profit (loss) brought forward from the previous period14P€-271k€-353k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Weakest financial yearnet €-83k
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-10-2023
Resigned as Managing director
Location & real-estate footprint
Registered office, Theux · 1 establishment unit since 2017
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.
Chemin du Doyart 24910 TheuxGround area
8,925 m²
Building footprint
387 m²
Volume, LiDAR
874 m³
2 parcels, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADCOL
since 20172.268.314.118
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63044B0141/00B000 | Wallonia | 7,461 m² | 1 · 254 m² | - |
| 63003A0894/00Y000 | Wallonia | 1,464 m² | 1 · 133 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
De Mokke
BE 0698.690.901
Gent · Eq €7k
LUKATOM
BE 1016.372.631
Sprimont · Eq €7k
PEPERONCINO
BE 0831.884.569
Chaumont-Gistoux · Eq €7k
AMR SERVICES
BE 0738.852.166
Wemmel · Eq €7k
MIKINA
BE 1026.648.394
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Of 1,352 companies in sector 56220 we hold annual accounts for 405. 195 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-06-2017
Fiscal year end31-12
Activities, NACEBEL
56220Contract catering and other food service activities
56290Food and beverage service activities
55204Guest rooms (bed and breakfast)
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.