ADCON
ActiveSummary
ADCON has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,160 and a net result of €28,438. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency73▲+28
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 0.76 in 2024; short-term debt: 49.6% and cash: 0.4% of total assets), but 52.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.5%
Return on assets
27.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 10 filingsDeviation from the deadline
2025
19 d late
2024
56 d late
2023
23 d late
2022
28 d early
2021
29 d late
2020
20 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€18,622
EBIT margin
-117.6%
Net result
€28,438
2024 · -€34,441
Working capital
€29,540
2024 · -€19,357
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
Line20212022202320242025
Turnover€18,622
Operating result-€21,905▼ 316%€43,282€10,042▼ 76.8%-€34,441€28,498
Net result-€23,094below the sector's middle half▼ 282%€41,364within the sector's middle half€10,998within the sector's middle half▼ 73.4%-€34,441below the sector's middle half€28,438within the sector's middle half
EBIT margin-117.6%
Equity€2,801below the sector's middle half▼ 89.2%€44,165within the sector's middle half▲ 1,477%€55,163within the sector's middle half▲ 24.9%€20,722below the sector's middle half▼ 62.4%€49,160within the sector's middle half▲ 137%
Total assets€125,337within the sector's middle half▼ 23.4%€84,648below the sector's middle half▼ 32.5%€55,765below the sector's middle half▼ 34.1%€102,305within the sector's middle half▲ 83.5%€103,466within the sector's middle half▲ 1.1%
Debt€122,536▼ 11.0%€40,483▼ 67.0%€603▼ 98.5%€81,583▲ 13,434%€54,306▼ 33.4%
Working capital-€121,856below the sector's middle half▼ 15.9%-€30,736below the sector's middle half▲ 74.8%€32,670within the sector's middle half-€19,357below the sector's middle half€29,540within the sector's middle half
Solvency2.2%below the sector's middle half▼ 13.6pp52.2%within the sector's middle half▲ 49.9pp98.9%above the sector's middle half▲ 46.7pp20.3%below the sector's middle half▼ 78.7pp47.5%within the sector's middle half▲ 27.3pp
Current ratio0.01below the sector's middle half▼ 0.230.24below the sector's middle half▲ 0.2455.19above the sector's middle half▲ 54.950.76below the sector's middle half▼ 54.431.58within the sector's middle half▲ 0.81
Return on assets (ROA)-18.4%below the sector's middle half▼ 14.7pp48.9%above the sector's middle half▲ 67.3pp19.7%within the sector's middle half▼ 29.1pp-33.7%below the sector's middle half▼ 53.4pp27.5%within the sector's middle half▲ 61.2pp
Staff (FTE)0.3
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
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 2025: €28,498 after a loss of €34,441 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103,466
Fixed assets
€22,620 ▼ 43.6%
Current assets
€80,846 ▲ 29.9%
Equity and liabilities €103,466
Equity
€49,160 ▲ 137%
Debt
€54,306 ▼ 33.4%
Debt's share of the balance-sheet total falls from 79.7% to 52.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,196▲
2024 · -€16,037
Cash flow
€49,136▲
2024 · -€16,037
Debt to equity
1.10▼
2024 · 3.94
ROE
57.8%▲
2024 · -166.2%
Interest coverage
679.51
Debt ≤ 1 year
€51,306▼
2024 · €81,583
Staff costs
€49,998
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 31,349 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €18,622 | - | - | - | - | - |
| Non-recurring operating income76A | - | €27,444 | €29,291 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €23,397 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €12,843 | -€83 | - | - | €49,998 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,409 | €4,560 | €5,003 | €18,405 | €20,698 | ▲ 12.5% |
| Other operating charges640/8 | €4,281 | €9,161 | €5,378 | €2,798 | €1,772 | ▼ 36.7% |
| Gross operating margin9900 | €1,629 | €56,920 | €20,422 | -€13,239 | €100,965 | ▲ 863% |
| Operating profit (loss)9901 | -€21,905 | €43,282 | €10,042 | -€34,441 | €28,498 | ▲ 183% |
| Financial income75/76B | - | - | €210 | - | €12 | - |
| Recurring financial income75 | - | - | €210 | - | €12 | - |
| Financial charges65/66B | €599 | €1,543 | €1 | - | €72 | - |
| Recurring financial charges65 | €599 | €1,543 | €1 | - | €72 | - |
| Profit (loss) for the period before taxes9903 | -€22,504 | €41,739 | €10,250 | -€34,441 | €28,438 | ▲ 183% |
| Income taxes67/77 | €590 | €375 | -€747 | - | - | - |
| Profit (loss) for the period9904 | -€23,094 | €41,364 | €10,998 | -€34,441 | €28,438 | ▲ 183% |
| Profit (loss) for the period to be appropriated9905 | -€23,094 | €41,364 | €10,998 | -€34,441 | €28,438 | ▲ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125,337 | €84,648 | €55,765 | €102,305 | €103,466 | ▲ 1.1% |
| Fixed assets21/28 | €124,657 | €74,901 | €22,493 | €40,078 | €22,620 | ▼ 43.6% |
| Tangible fixed assets22/27 | €124,157 | €74,401 | €21,993 | €39,578 | €22,620 | ▼ 42.8% |
| Land and buildings22 | €119,472 | €67,619 | €17,613 | - | - | - |
| Plant, machinery and equipment23 | €712 | €921 | €471 | €163 | - | - |
| Furniture and vehicles24 | €3,973 | €5,861 | €3,910 | €37,948 | €22,620 | ▼ 40.4% |
| Other tangible fixed assets26 | - | - | - | €1,468 | - | - |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | - | - |
| Current assets29/58 | €680 | €9,747 | €33,273 | €62,226 | €80,846 | ▲ 29.9% |
| Amounts receivable within one year40/41 | €678 | €9,740 | €33,153 | €21,861 | €80,403 | ▲ 268% |
| Trade receivables40 | €678 | €4,789 | - | €16,230 | €44,033 | ▲ 171% |
| Other amounts receivable41 | - | €4,951 | €33,153 | €5,631 | €36,371 | ▲ 546% |
| Cash at bank and in hand54/58 | €3 | €7 | - | €40,365 | €443 | ▼ 98.9% |
| Deferred charges and accrued income490/1 | - | - | €120 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125,337 | €84,648 | €55,765 | €102,305 | €103,466 | ▲ 1.1% |
| Equity10/15 | €2,801 | €44,165 | €55,163 | €20,722 | €49,160 | ▲ 137% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | - | - | - | - |
| Issued capital100 | €18,592 | €18,592 | - | - | - | - |
| Reserves13 | €110,519 | €110,519 | €110,519 | €110,519 | €110,519 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | €25,459 | €25,459 | €25,459 | €25,459 | €25,459 | = |
| Distributable reserves133 | €83,200 | €83,200 | €83,200 | €83,200 | €83,200 | = |
| Profit (loss) carried forward14 | -€126,310 | -€84,946 | -€73,948 | -€108,390 | -€79,952 | ▲ 26.2% |
| Amounts payable17/49 | €122,536 | €40,483 | €603 | €81,583 | €54,306 | ▼ 33.4% |
| Amounts payable within one year42/48 | €122,536 | €40,483 | €603 | €81,583 | €51,306 | ▼ 37.1% |
| Trade debts44 | €156 | €36 | - | €37,658 | €9,216 | ▼ 75.5% |
| Suppliers440/4 | €156 | €36 | - | €37,658 | €9,216 | ▼ 75.5% |
| Taxes, remuneration and social security45 | €5,443 | €7,211 | €603 | €229 | €8,610 | ▲ 3,657% |
| Taxes450/3 | €5,443 | €7,211 | €603 | €229 | €8,610 | ▲ 3,657% |
| Other amounts payable47/48 | €116,937 | €33,236 | - | €43,696 | €33,481 | ▼ 23.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,094 | €41,364 | €10,998 | -€34,441 | €28,438 | ▲ 183% |
| + Depreciation and write-downs630 | €6,409 | €4,560 | €5,003 | €18,405 | €20,698 | ▲ 12.5% |
| Operating cash flow (approximation) | -€16,684 | €45,924 | €16,000 | -€16,037 | €49,136 | ▲ 406% |
| Investment in fixed assets (approximation) | - | €45,196 | €47,405 | -€35,990 | -€3,239 | ▲ 91.0% |
| Change in cash | - | €5 | - | - | -€39,922 | - |
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
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Back to profitnet €28,438
Net result €28,438 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.58
Current ratio from 0.76 to 1.58; short-term debt falls from €81,583 to €51,306.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Weakest financial yearnet -€34,441
Net result drops to -€34,441, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Liquidity times 229current ratio 55.19
Current ratio from 0.24 to 55.19; short-term debt falls from €40,483 to €603.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €41,364
Net result €41,364 after 4 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
Show earlier events
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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 1991
Ground area
1,372 m²
Building footprint
201 m²
Volume, LiDAR
1,880 m³
Parcel 11012A0016/00X016, Flanders · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Bisschoppenhoflaan 41, 2100 Antwerpen
since 19912.051.558.116
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0016/00X016 | Flanders | 1,372 m² | 1 · 201 m² | 13.6 m · 4 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.
Similar companies · same sector, comparable size
Taxlynck
BE 1004.679.874
Ledegem · Eq €49,253
EECOS
BE 0440.287.948
Geraardsbergen · Eq €48,961
CHP GESTION
BE 0862.432.146
Boussu · Eq €48,869
easyBcom
BE 0872.226.275
Jette · Eq €49,461
KANTOOR PATRICK DEBIE
BE 0441.630.112
Mol · Eq €48,830
Of 2,264 companies in sector 69209 we hold annual accounts for 1,101. 791 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
Founded15-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
Contact
Phone
0475242826
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442161830
Also
9925:BE0442161830
Registered
10-02-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.