ADD ESSENS
ActiveSummary
The computed 12-month bankruptcy probability of ADD ESSENS is 4.0% (elevated). The 2025 annual accounts show negative equity (-€1.1m) and a net result of -€14,759. Equity is shrinking by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 811 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.06 in 2024; cash: 72.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Return on assets
-137%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€1.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
22 d early
2024
20 d late
2023
29 d early
2022
91 d late
2021
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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. Usually files around 20 August (4 of the last 5 filed years within 71 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€1.1m▼ 1.3%
2024 · -€1.1m
Total assets
€10,771▼ 53.8%
2024 · €23,327
Net result
-€14,759▼ 41.4%
2024 · -€10,439
Working capital
-€374,909▼ 4.1%
2024 · -€360,149
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food 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
Line20212022202320242025
Operating result-€94,221--€962,317▼ 921%-€225,518▲ 76.6%-€5,893▲ 97.4%-€14,606▼ 148%
Net result-€107,870below the sector's middle half--€1.0mbelow the sector's middle half▼ 834%-€234,512below the sector's middle half▲ 76.7%-€10,439below the sector's middle half▲ 95.5%-€14,759below the sector's middle half▼ 41.4%
Equity€142,130within the sector's middle half--€865,198below the sector's middle half-€1.1mbelow the sector's middle half▼ 27.1%-€1.1mbelow the sector's middle half▼ 0.9%-€1.1mbelow the sector's middle half▼ 1.3%
Total assets€840,858within the sector's middle half-€524,609below the sector's middle half▼ 37.6%€82,943below the sector's middle half▼ 84.2%€23,327below the sector's middle half▼ 71.9%€10,771below the sector's middle half▼ 53.8%
Debt€698,728-€1.2m▲ 70.3%€1.2m▼ 0.6%€1.1m▼ 4.2%€1.1m▲ 0.2%
Working capital-€57,418below the sector's middle half--€46,917below the sector's middle half▲ 18.3%-€352,020below the sector's middle half▼ 650%-€360,149below the sector's middle half▼ 2.3%-€374,909below the sector's middle half▼ 4.1%
Solvency16.9%below the sector's middle half--164.9%below the sector's middle half▼ 181.8pp
Current ratio0.88below the sector's middle half-0.86below the sector's middle half▼ 0.020.19below the sector's middle half▼ 0.680.06below the sector's middle half▼ 0.130.03below the sector's middle half▼ 0.03
Return on assets (ROA)-12.8%below the sector's middle half--192.0%below the sector's middle half▼ 179.2pp-282.7%below the sector's middle half▼ 90.7pp-44.8%below the sector's middle half▲ 238.0pp-137.0%below the sector's middle half▼ 92.3pp
Staff (FTE)3.1below the sector's middle half-5.3within the sector's middle half▲ 71.0%1.3below the sector's middle half▼ 75.5%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food 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 stays negative: a loss of €14,606 in 2025 against €5,893 in 2024; the loss grows.
Key figures and ratios
Debt to equity
-1.01▲
2024 · -1.02
Debt ≤ 1 year
€385,680▲
2024 · €383,476
Debt > 1 year
€750,000=
2024 · €750,000
Staff costs
€8,617▲
2024 · €38
A ratio outside any meaningful range has been withheld (balance sheet total €10,771, equity -€1.1m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.0% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,010 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €19,253 | €158 | - | - |
| Remuneration, social security and pensions62 | €177,663 | €269,049 | €173,380 | €38 | €8,617 | ▲ 22,817% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79,453 | €76,477 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €155,086 | -€155,086 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €200,000 | -€200,000 | - | - | - |
| Other operating charges640/8 | €649 | €1,579 | €15,236 | €584 | €714 | ▲ 22.4% |
| Non-recurring operating charges66A | - | €192,113 | €132,289 | €867 | - | - |
| Gross operating margin9900 | €163,543 | -€68,013 | -€259,699 | -€4,405 | -€5,275 | ▼ 19.8% |
| Operating profit (loss)9901 | -€94,221 | -€962,317 | -€225,518 | -€5,893 | -€14,606 | ▼ 148% |
| Financial income75/76B | €4 | - | - | - | - | - |
| Recurring financial income75 | €4 | - | - | - | - | - |
| Financial charges65/66B | €13,653 | €45,011 | €8,994 | €4,547 | €153 | ▼ 96.6% |
| Recurring financial charges65 | €13,653 | €45,011 | €8,994 | €4,547 | €153 | ▼ 96.6% |
| Profit (loss) for the period before taxes9903 | -€107,870 | -€1.0m | -€234,512 | -€10,439 | -€14,759 | ▼ 41.4% |
| Profit (loss) for the period9904 | -€107,870 | -€1.0m | -€234,512 | -€10,439 | -€14,759 | ▼ 41.4% |
| Profit (loss) for the period to be appropriated9905 | -€107,870 | -€1.0m | -€234,512 | -€10,439 | -€14,759 | ▼ 41.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €840,858 | €524,609 | €82,943 | €23,327 | €10,771 | ▼ 53.8% |
| Fixed assets21/28 | €405,388 | €225,557 | €2,310 | - | - | - |
| Tangible fixed assets22/27 | €403,078 | €223,247 | - | - | - | - |
| Plant, machinery and equipment23 | €95,288 | €133,005 | - | - | - | - |
| Leasing and similar rights25 | €149,403 | €90,242 | - | - | - | - |
| Assets under construction and advance payments27 | €158,387 | - | - | - | - | - |
| Financial fixed assets28 | €2,310 | €2,310 | €2,310 | - | - | - |
| Current assets29/58 | €435,470 | €299,052 | €80,633 | €23,327 | €10,771 | ▼ 53.8% |
| Stocks and contracts in progress3 | €334,842 | €167,578 | - | - | - | - |
| Stocks30/36 | €334,842 | €167,578 | - | - | - | - |
| Amounts receivable within one year40/41 | €48,582 | €114,826 | €27,554 | €743 | €2,925 | ▲ 293% |
| Trade receivables40 | €42,063 | €54,180 | €3,710 | €739 | €2,920 | ▲ 295% |
| Other amounts receivable41 | €6,519 | €60,646 | €23,844 | €4 | €5 | ▲ 3.4% |
| Cash at bank and in hand54/58 | €52,046 | €16,648 | €53,078 | €22,584 | €7,847 | ▼ 65.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €840,858 | €524,609 | €82,943 | €23,327 | €10,771 | ▼ 53.8% |
| Equity10/15 | €142,130 | -€865,198 | -€1.1m | -€1.1m | -€1.1m | ▼ 1.3% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Profit (loss) carried forward14 | -€107,870 | -€1.1m | -€1.3m | -€1.4m | -€1.4m | ▼ 1.1% |
| Provisions and deferred taxes16 | - | €200,000 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €200,000 | - | - | - | - |
| Other liabilities and charges164/5 | - | €200,000 | - | - | - | - |
| Amounts payable17/49 | €698,728 | €1.2m | €1.2m | €1.1m | €1.1m | ▲ 0.2% |
| Amounts payable after more than one year17 | €90,204 | €788,202 | €750,000 | €750,000 | €750,000 | = |
| Financial debts170/4 | €90,204 | €788,202 | €750,000 | €750,000 | €750,000 | = |
| Amounts payable within one year42/48 | €492,888 | €345,969 | €432,653 | €383,476 | €385,680 | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | €50,961 | €52,040 | - | - | - | - |
| Trade debts44 | €95,257 | €141,978 | €22,296 | €23,476 | €25,680 | ▲ 9.4% |
| Suppliers440/4 | €95,257 | €141,978 | €22,296 | €23,476 | €25,680 | ▲ 9.4% |
| Taxes, remuneration and social security45 | €46,670 | €51,951 | - | - | - | - |
| Taxes450/3 | €8,920 | €5,951 | - | - | - | - |
| Remuneration and social security454/9 | €37,750 | €45,999 | - | - | - | - |
| Other amounts payable47/48 | €300,000 | €100,000 | €410,357 | €360,000 | €360,000 | = |
| Accrued charges and deferred income492/3 | €115,635 | €55,635 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€107,870 | -€1.0m | -€234,512 | -€10,439 | -€14,759 | ▼ 41.4% |
| + Depreciation and write-downs630 | €79,453 | €76,477 | - | - | - | - |
| Operating cash flow (approximation) | -€28,417 | -€930,851 | -€234,512 | -€10,439 | -€14,759 | ▼ 41.4% |
| Investment in fixed assets (approximation) | - | €103,354 | €223,247 | - | - | - |
| Change in cash | - | -€35,397 | €36,430 | -€30,495 | -€14,737 | ▲ 51.7% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 91 days late
2022
31-12
Financial
Weakest financial yearnet -€1.0m
Net result drops to -€1.0m, the lowest in the series; recovery starts the following year.
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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 2020
Ground area
555 m²
Building footprint
167 m²
Volume, LiDAR
2,288 m³
Parcel 11302A0006/00Y000, Flanders · tallest building 21.6 m, ±5 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
ADD ESSENS
since 20202.304.408.115
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0006/00Y000 | Flanders | 555 m² | 1 · 167 m² | 21.6 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerChain of control
- Innovad Group I
- INNOVAD GROUP II
- InnoTek Holding
- ADD ESSENS
Highest known parent: Innovad Group I. The sources do not say who stands above it.
Owners 1
- InnoTek Holdingparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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 2024 · 3 entries · 22,239 EUR awarded · 22,239 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | -88,372 EUR | 21,954 EUR |
| 2022 | 2 | 110,611 EUR | 285 EUR |
European Union, budget
2021 · 1 entry · 280,624 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2021 | 1 | 280,624 EUR |
Projects
INNCOCELLS - INNOVATIVE HIGH-VALUE COSMETIC PRODUCTS FROM PLANTS AND PLANT CELLS
European research
1 project · 102,529 EUR EU contributionProgrammes
Projects
Innovative high-value cosmetic products from plants and plant cells
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Of 50 companies in sector 10410 we hold annual accounts for 35. 9 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
Founded24-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
10410Manufacture of food products
20590Manufacture of chemicals and chemical products
21100Manufacture of basic pharmaceutical products and pharmaceutical preparations
46460Wholesale of pharmaceutical and medical goods
63920Other information service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0748933139
Registered
14-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.