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Addecon Associates

Active1 interim measure
Private limited companyfounded 1998active for 28 yearsSint-Jakobsstraat 58, 8000 Brugge, BelgiumKBO/BCE: BE 0462.480.162
Summary

The file of Addecon Associates contains 1 interim measure, as published in the Belgian Official Gazette. The computed 12-month bankruptcy probability is 2.8% (moderate). The 2024 annual accounts show negative equity (-€6,858) and a net result of -€2,287. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 2,938 sector peers (NACE 56, financial year 2024).

Risk analysisFollow ReportCompare
Addecon AssociatesActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Activity
Full-service restaurants
NACE 56111Cafés and bars NACE 56301
1 site
Size
€135,668total assets 2024
Staff
2 FTE
Equity
-€6,858
Loss
-€2,287
Turnover not published (abbreviated format)
Financial health
50 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.8%
Structure
Parent
MENSANA · 100%
2025 accounts not filed, 88 days past the deadline3 of 6 deeds summarised
Why 50raises riskSector: Food and beverage service activities (NACE 56)Negative equity -€6,858lowers riskFounded in 1998Liquidity: current ratio 0.91, cash €49,671Show the evidence

Checked score

Score 2024
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 26% of its sector peers (NACE 56, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency 20+5
equity -5.1% of total assets
Liquidity 46+44
short-term debt 105.1% · cash 36.6%
Profitability 20-65
return on assets -1.7%
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,763 companies, NACE 56, micro)
Last 24 months 11-2024: 3.2%highest value 12-2024: 3.1%▼ -0.1 percentage points vs 11-2024 01-2025: 1.4%▼ -1.7 percentage points vs 12-2024 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.5%▲ +0.1 percentage points vs 03-2025 05-2025: 1.4%▼ -0.1 percentage points vs 04-2025 06-2025: 1.4%● unchanged vs 05-2025lowest value 07-2025: 1.8%▲ +0.4 percentage points vs 06-2025 08-2025: 2.4%▲ +0.6 percentage points vs 07-2025 09-2025: 2.9%▲ +0.5 percentage points vs 08-2025 10-2025: 2.8%▼ -0.1 percentage points vs 09-2025 11-2025: 2.8%● unchanged vs 10-2025 12-2025: 2.8%● unchanged vs 11-2025 01-2026: 2.8%● unchanged vs 12-2025 02-2026: 2.4%▼ -0.4 percentage points vs 01-2026 03-2026: 2.5%▲ +0.1 percentage points vs 02-2026 04-2026: 2.4%▼ -0.1 percentage points vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 2.4%● unchanged vs 05-2026 07-2026: 2.5%▲ +0.1 percentage points vs 06-2026 08-2026: 2.8%▲ +0.3 percentage points vs 07-2026 09-2026: 3.1%▲ +0.3 percentage points vs 08-2026 10-2026: 2.8%▼ -0.3 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.91, compared with 0.88 in 2023, below 1; short-term debt: 105.1% and cash: 36.6% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 24% on solvency, 41% on liquidity, 25% on profitability and 15% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Eight signals.
lowers riskraises risk
lowers risk · Founded in 1998
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
lowers risk · Liquidity: current ratio 0.91, cash €49,671
NBB · annual accounts
raises risk · Negative equity -€6,858
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€6,858
raises risk · Interim administration
1 publication on interim administration in the Belgian Official Gazette. An early signal, not a finding of bankruptcy.
Belgian Official Gazette
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 88 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline27-10-2026 today
raises risk · 2024 accounts filed 31 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
31 days late
2023
24 days late
2022
29 days late
2021
19 days early
2020
31 days late
2019
38 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 22 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · abbreviated…
  2. Resignation: CALLENS PASCALE (director)Appointment: VANDEN BROUCKE SVEN (director)…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€6,858 View
  • Caution: 2025 accounts not fileddeadline was 31-07-2026 88 days past the deadline View
  • Caution: Among the weakest 16% on solvencysector median 32.3% · 2,938 companies -5.1% View
  • Controlled by MENSANA 100% View

By topic

Financials

Financial year
2024
Total assets
€135,668
Loss
-€2,287
Solvency
-5.1%
Total assets▲ 196%
Net result
20182024
Go to Financials

Timeline

Events
33
Since
1999
  1. 15-03-2024Resignations: Vanden Broucke Peter (director) and Kaddouri…
  2. 22-02-2024Resignations & appointments
  3. 23-01-2024Provisional administrator
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Full-service restaurantsNACE 56111
Founded
26-01-1998
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about Addecon Associates

What is the company number of Addecon Associates?
0462.480.162. In Belgium the VAT number is the company number with BE in front: BE 0462.480.162.
Where is Addecon Associates based?
The registered office is at Sint-Jakobsstraat 58, 8000 Brugge.Company details
What does Addecon Associates do?
According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of Addecon Associates?
Private limited company (BV).
When was Addecon Associates founded?
On 26-01-1998.
Is Addecon Associates still active?
Yes, Addecon Associates is an active enterprise in the KBO register.
How many employees does Addecon Associates have?
On average 2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Addecon Associates?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Addecon Associates profitable?
In financial year 2024, Addecon Associates made a loss of €2,287.
Where can I find the annual accounts of Addecon Associates?
Addecon Associates filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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