ADCOS
Open bankruptcyA bankruptcy procedure is open for ADCOS according to publications in the Belgian State Gazette; curator: CATHéRINE LANNOY.
Summary
The 2022 annual accounts show equity of €285,031 and a net result of -€573,183.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 11 April 2024
- Supervising judge
- Benoit Ide
- Official Gazette
- 18-04-2024 (pdf) ↗search the document for 2024/115868
Deadlines
- Provisional date payments stopped
- 11 April 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 3 May 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 11 May 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 7 June 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 11 April 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- CATHéRINE LannoyMechelsesteenweg 271/8.1, 2018 Antwerpen 1cl@metisadvocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 23-06-2023, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
38 d early
2021
47 d early
2020
1 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Manufacture of chemicals and chemical products sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Equity
€285,031▼ 66.8%
2021 · €858,214
Total assets
€4.2m▼ 5.7%
2021 · €4.5m
Net result
-€573,183
2021 · €13,011
Working capital
€713,464▼ 53.2%
2021 · €1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, 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
Line20182019202020212022
Operating result€73,409-€65,699▼ 10.5%-€299,606€97,601-€490,371
Net result€3,411--€24,551-€390,654below the sector's middle half▼ 1,491%€13,011within the sector's middle half-€573,183below the sector's middle half
Equity€460,408-€1.2m▲ 168%€845,203within the sector's middle half▼ 31.6%€858,214within the sector's middle half▲ 1.5%€285,031within the sector's middle half▼ 66.8%
Total assets€2.4m-€4.0m▲ 68.7%€4.8mabove the sector's middle half▲ 18.3%€4.5mabove the sector's middle half▼ 6.6%€4.2mabove the sector's middle half▼ 5.7%
Debt€1.9m-€2.8m▲ 45.0%€3.9m▲ 40.3%€3.6m▼ 8.3%€3.9m▲ 8.8%
Working capital€254,135-€1.5m▲ 495%€1.6mabove the sector's middle half▲ 4.1%€1.5mabove the sector's middle half▼ 3.0%€713,464within the sector's middle half▼ 53.2%
Solvency19.2%-30.5%▲ 11.3pp17.7%below the sector's middle half▼ 12.9pp19.2%below the sector's middle half▲ 1.5pp6.8%below the sector's middle half▼ 12.4pp
Current ratio1.15-2.15▲ 1.002.00within the sector's middle half▼ 0.152.33within the sector's middle half▲ 0.331.38within the sector's middle half▼ 0.95
Return on assets (ROA)0.1%--0.6%▼ 0.7pp-8.2%below the sector's middle half▼ 7.6pp0.3%below the sector's middle half▲ 8.5pp-13.6%below the sector's middle half▼ 13.9pp
Staff (FTE)8.6-8.3▼ 3.5%6.8within the sector's middle half▼ 18.1%6.6within the sector's middle half▼ 2.9%8.2within the sector's middle half▲ 24.2%
above
within
below
the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €490,371 after €97,601 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €4.2m
Fixed assets
€1.6m ▼ 9.8%
Current assets
€2.6m ▼ 3.0%
Equity and liabilities €4.2m
Equity
€285,031 ▼ 66.8%
Debt
€3.9m ▲ 8.8%
Debt's share of the balance-sheet total rises from 80.8% to 93.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€249,467▼
2021 · €299,314
Cash flow
-€332,279▼
2021 · €214,724
Quick ratio
0.96▼
2021 · 1.49
Debt to equity
13.79▲
2021 · 4.21
ROE
-201.1%▼
2021 · 1.5%
Interest coverage
-2.29▼
2021 · 3.00
Debt ≤ 1 year
€1.9m▲
2021 · €1.2m
Debt > 1 year
€2.0m▼
2021 · €2.5m
Income taxes
€1,019▲
2021 · €973
Staff costs
€590,892▲
2021 · €412,426
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €412,426 | €590,892 | ▲ 43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €141,753 | €182,265 | €147,769 | €201,713 | €240,905 | ▲ 19.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €41,643 | - |
| Other operating charges640/8 | - | - | - | €6,209 | €15,657 | ▲ 152% |
| Gross operating margin9900 | €846,112 | €863,856 | €268,228 | €717,949 | €398,725 | ▼ 44.5% |
| Operating profit (loss)9901 | €73,409 | €65,699 | -€299,606 | €97,601 | -€490,371 | ▼ 602% |
| Financial income75/76B | - | - | - | €16,070 | €37,839 | ▲ 135% |
| Recurring financial income75 | €22,838 | €37,007 | €18,142 | €16,070 | €37,839 | ▲ 135% |
| Financial charges65/66B | - | - | - | €99,687 | €119,632 | ▲ 20.0% |
| Recurring financial charges65 | €92,069 | €126,233 | €106,780 | €99,687 | €109,132 | ▲ 9.5% |
| Non-recurring financial charges66B | - | - | - | - | €10,500 | - |
| Profit (loss) for the period before taxes9903 | €4,178 | -€23,527 | -€389,684 | €13,985 | -€572,165 | ▼ 4,191% |
| Income taxes67/77 | €767 | €1,024 | €970 | €973 | €1,019 | ▲ 4.7% |
| Profit (loss) for the period9904 | €3,411 | -€24,551 | -€390,654 | €13,011 | -€573,183 | ▼ 4,505% |
| Profit (loss) for the period to be appropriated9905 | €3,411 | -€24,551 | -€390,654 | €13,011 | -€573,183 | ▼ 4,505% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €4.0m | €4.8m | €4.5m | €4.2m | ▼ 5.7% |
| Fixed assets21/28 | €469,475 | €1.2m | €1.6m | €1.8m | €1.6m | ▼ 9.8% |
| Intangible fixed assets21 | €228,822 | €13,654 | €2,436 | €11,414 | €8,752 | ▼ 23.3% |
| Tangible fixed assets22/27 | €230,153 | €1.2m | €1.6m | €1.8m | €1.6m | ▼ 9.2% |
| Land and buildings22 | - | - | - | €802,337 | €817,114 | ▲ 1.8% |
| Plant, machinery and equipment23 | - | - | - | €460,017 | €380,089 | ▼ 17.4% |
| Furniture and vehicles24 | - | - | - | €13,717 | €16,703 | ▲ 21.8% |
| Leasing and similar rights25 | - | - | - | €432,475 | €344,018 | ▼ 20.5% |
| Other tangible fixed assets26 | - | - | - | €59,671 | €47,363 | ▼ 20.6% |
| Financial fixed assets28 | €10,500 | €10,500 | €17,500 | €17,500 | €7,000 | ▼ 60.0% |
| Current assets29/58 | €1.9m | €2.8m | €3.1m | €2.7m | €2.6m | ▼ 3.0% |
| Stocks and contracts in progress3 | €635,249 | €833,763 | €846,493 | €963,859 | €792,418 | ▼ 17.8% |
| Stocks30/36 | - | - | - | €963,859 | €792,418 | ▼ 17.8% |
| Amounts receivable within one year40/41 | €1.0m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 3.1% |
| Trade receivables40 | - | - | - | €733,330 | €272,723 | ▼ 62.8% |
| Other amounts receivable41 | - | - | - | €763,763 | €1.3m | ▲ 66.4% |
| Cash at bank and in hand54/58 | €173,561 | €385,561 | €606,701 | €119,990 | €94,752 | ▼ 21.0% |
| Deferred charges and accrued income490/1 | - | - | - | €94,216 | €164,671 | ▲ 74.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €4.0m | €4.8m | €4.5m | €4.2m | ▼ 5.7% |
| Equity10/15 | €460,408 | €1.2m | €845,203 | €858,214 | €285,031 | ▼ 66.8% |
| Contributions10/11 | €223,000 | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | - | - | - | €1.0m | €1.0m | = |
| Issued capital100 | - | - | - | €1.1m | €1.1m | = |
| Uncalled capital101 | - | - | - | €29,000 | €29,000 | = |
| Reserves13 | €237,408 | €212,857 | €25,200 | €25,200 | €25,200 | = |
| Non-distributable reserves130/1 | - | - | - | €25,200 | €25,200 | = |
| Legal reserve130 | - | - | - | €25,200 | €25,200 | = |
| Profit (loss) carried forward14 | - | - | -€202,997 | -€189,986 | -€763,169 | ▼ 302% |
| Amounts payable17/49 | €1.9m | €2.8m | €3.9m | €3.6m | €3.9m | ▲ 8.8% |
| Amounts payable after more than one year17 | €263,203 | €1.5m | €2.4m | €2.5m | €2.0m | ▼ 17.1% |
| Financial debts170/4 | - | - | - | €2.5m | €2.0m | ▼ 17.1% |
| Amounts payable within one year42/48 | €1.7m | €1.3m | €1.6m | €1.2m | €1.9m | ▲ 63.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €378,383 | €475,837 | ▲ 25.8% |
| Trade debts44 | €913,766 | €639,389 | €1.1m | €676,161 | €1.1m | ▲ 56.3% |
| Suppliers440/4 | - | - | - | €676,161 | €1.1m | ▲ 56.3% |
| Advances received on contracts in progress46 | - | - | - | - | €289 | - |
| Taxes, remuneration and social security45 | - | - | - | €78,265 | €223,867 | ▲ 186% |
| Taxes450/3 | - | - | - | €7,610 | €143,757 | ▲ 1,789% |
| Remuneration and social security454/9 | - | - | - | €70,654 | €80,110 | ▲ 13.4% |
| Other amounts payable47/48 | - | - | - | €17,255 | €125,285 | ▲ 626% |
| Accrued charges and deferred income492/3 | - | - | - | €12,351 | €16,351 | ▲ 32.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,411 | -€24,551 | -€390,654 | €13,011 | -€573,183 | ▼ 4,505% |
| + Depreciation and write-downs630 | €141,753 | €182,265 | €147,769 | €201,713 | €240,905 | ▲ 19.4% |
| Operating cash flow (approximation) | €145,163 | €157,714 | -€242,885 | €214,724 | -€332,279 | ▼ 255% |
| Investment in fixed assets (approximation) | - | -€935,962 | -€568,051 | -€355,390 | -€64,813 | ▲ 81.8% |
| Change in cash | - | €212,001 | €221,140 | -€486,711 | -€25,239 | ▲ 94.8% |
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
2024
18-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 11-04-2024
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€573,183
Net result drops to -€573,183, the lowest in the series.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €13,011
Net result €13,011 after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1mEq €1.2m ▲168%
Equity rises from €460,408 to €1.2m.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
09-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
16-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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 · 2 establishment units since 2004
Ground area
1.3 ha
Building footprint
4,107 m²
Volume, LiDAR
4,818 m³
3 parcels, Flanders · tallest building 28.2 m, ±8 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Adcos NV
since 20042.142.480.570
Roekendreef 4, 2350 Vosselaar
since 20192.332.546.627
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049B0055/02M002 | Flanders | 1.0 ha | 1 · 3,590 m² | - |
| 13046A0176/00E002 | Flanders | 2,550 m² | 1 · 370 m² | 8.2 m · 2 fl. |
| 11805E1282/00K006 | Flanders | 148 m² | 1 · 148 m² | 28.2 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CATHéRINE LANNOY MECHELSESTEENWEG 271/8.1,
2018 ANTWERPEN 1 |
11-04-2024 → present |
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
35.05%
Holdings 1
-
70%
According to the 2022 annual accounts of ADCOS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 11,973 EUR awarded · 12,625 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,170 EUR | 5,070 EUR |
| 2022 | 2 | 7,803 EUR | 7,555 EUR |
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Of 230 companies in sector 20590 we hold annual accounts for 170. 72 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
20590Manufacture of chemicals and chemical products
71121Engineering and related technical consultancy, excluding land surveyors
73200Market research and public opinion polling
Contact
Phone
0477.47.61.98Malle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867295905
Registered
12-06-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.