ADCON
ActiveSummary
ADCON has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€25,408. Equity remains stable across the filed fiscal years (±2.2% per year). The computed 12-month bankruptcy probability is 0.5% (low).
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Signals
This company filed its last 7 accounts on average 47 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 8,616 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 | - | - | - | - | €165 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,815 | - | €3,119 | €4,116 | €10,332 | ▲ 151% |
| Other operating charges640/8 | €3,505 | €3,644 | €3,710 | €4,189 | €3,643 | ▼ 13.0% |
| Gross operating margin9900 | -€10,636 | -€21,686 | -€5,059 | -€11,815 | -€5,585 | ▲ 52.7% |
| Operating profit (loss)9901 | -€21,956 | -€25,330 | -€11,888 | -€20,120 | -€19,559 | ▲ 2.8% |
| Financial income75/76B | €45,179 | €129,008 | €43,355 | €101,920 | €17,643 | ▼ 82.7% |
| Recurring financial income75 | €39,656 | €57,962 | €43,355 | €101,920 | €17,643 | ▼ 82.7% |
| Non-recurring financial income76B | €5,523 | €71,046 | - | - | - | - |
| Financial charges65/66B | €27,382 | €11,715 | €19,388 | €9,874 | €23,509 | ▲ 138% |
| Recurring financial charges65 | €27,382 | €11,715 | €6,933 | €9,874 | €23,509 | ▲ 138% |
| Non-recurring financial charges66B | - | - | €12,455 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€4,159 | €91,963 | €12,079 | €71,926 | -€25,426 | ▼ 135% |
| Transfer from deferred taxes780 | €11,762 | €38,197 | - | - | - | - |
| Income taxes67/77 | €9,077 | €44,016 | €3,492 | €1,867 | -€17 | ▼ 101% |
| Profit (loss) for the period9904 | -€1,474 | €86,144 | €8,587 | €70,059 | -€25,408 | ▼ 136% |
| Transfer from tax-exempt reserves789 | €22,834 | €74,145 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €21,360 | €160,289 | €8,587 | €70,059 | -€25,408 | ▼ 136% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.2m | €1.3m | €1.3m | ▼ 2.0% |
| Fixed assets21/28 | €184,419 | €12,908 | €9,790 | €316,202 | €347,849 | ▲ 10.0% |
| Tangible fixed assets22/27 | €184,419 | €12,908 | €9,790 | €316,202 | €347,849 | ▲ 10.0% |
| Land and buildings22 | €183,647 | €9,790 | €9,790 | €316,202 | €307,969 | ▼ 2.6% |
| Plant, machinery and equipment23 | €675 | €675 | - | - | - | - |
| Furniture and vehicles24 | €97 | €2,443 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €39,880 | - |
| Current assets29/58 | €1.1m | €1.3m | €1.2m | €986,351 | €929,161 | ▼ 5.8% |
| Amounts receivable within one year40/41 | €180 | - | €2,946 | €2,505 | €4,677 | ▲ 86.7% |
| Other amounts receivable41 | €180 | - | €2,946 | €2,505 | €4,677 | ▲ 86.7% |
| Current investments50/53 | €753,149 | €942,033 | €1.0m | €912,489 | €841,681 | ▼ 7.8% |
| Cash at bank and in hand54/58 | €341,894 | €308,431 | €177,816 | €71,357 | €82,718 | ▲ 15.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €84 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.2m | €1.3m | €1.3m | ▼ 2.0% |
| Equity10/15 | €1.1m | €1.2m | €1.2m | €1.3m | €1.3m | ▼ 2.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €80,346 | €6,201 | €6,201 | €6,201 | €6,201 | = |
| Non-distributable reserves130/1 | €6,201 | €6,201 | €6,201 | €6,201 | €6,201 | = |
| Legal reserve130 | €6,201 | €6,201 | €6,201 | €6,201 | €6,201 | = |
| Tax-exempt reserves132 | €74,145 | - | - | - | - | - |
| Profit (loss) carried forward14 | €995,199 | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 2.1% |
| Provisions and deferred taxes16 | €38,197 | - | - | - | - | - |
| Deferred taxes168 | €38,197 | - | - | - | - | - |
| Amounts payable17/49 | €103,900 | €39,683 | €173 | €218 | €83 | ▼ 61.9% |
| Amounts payable within one year42/48 | €103,900 | €39,683 | €173 | €218 | €83 | ▼ 61.9% |
| Current portion of amounts payable after more than one year42 | €98,304 | - | - | - | - | - |
| Trade debts44 | €182 | €167 | €173 | €218 | €83 | ▼ 61.9% |
| Suppliers440/4 | €182 | €167 | €173 | €218 | €83 | ▼ 61.9% |
| Taxes, remuneration and social security45 | €5,414 | €39,516 | - | - | - | - |
| Taxes450/3 | €5,414 | €39,516 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,474 | €86,144 | €8,587 | €70,059 | -€25,408 | ▼ 136% |
| + Depreciation and write-downs630 | €7,815 | - | €3,119 | €4,116 | €10,332 | ▲ 151% |
| Operating cash flow (approximation) | €6,341 | €86,144 | €11,705 | €74,175 | -€15,076 | ▼ 120% |
| Investment in fixed assets (approximation) | - | €171,511 | -€0 | -€310,528 | -€41,979 | ▲ 86.5% |
| Change in cash | - | -€33,463 | -€130,615 | -€106,459 | €11,361 | ▲ 111% |
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
Show earlier events
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0444/00C000 | Flanders | 1,135 m² | 1 · 489 m² | 16.5 m · 4 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Legal Entity Identifier
Identification & contact
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Register as of 27 September 2026 · Peppol Directory
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