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ADDILUB

Active
Public limited companyfounded 199630 yrs activeZeedijk 236, 8370 Blankenberge, BelgiumKBO/BCE: BE 0457.968.969
Summary

ADDILUB has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €465,491 and a net result of €7,304. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability53▲+1
Solvency64▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.16 in 2023; short-term debt: 10.3% and cash: 0.2% of total assets), and 61.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
23 d early
2023
9 d early
2022
18 d late
2021
8 d late
2020
11 d early
2019
61 d 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 7 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ADDILUB was incorporated on 23 May 1996.1 Total assets rose from EUR 812,684 in 2018 to EUR 1.2 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€465,491▲ 1.6%
2023 · €458,186
Total assets
€1.2m▼ 2.8%
2023 · €1.2m
Net result
€7,304▲ 42.2%
2023 · €5,136
Working capital
-€99,954▲ 11.3%
2023 · -€112,681
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€11,916▲ 389%€156,636▲ 1,214%€27,307▼ 82.6%€18,284▼ 33.0%€21,743▲ 18.9%
Net result€1,912within the sector's middle half€106,069within the sector's middle half▲ 5,447%€14,127within the sector's middle half▼ 86.7%€5,136within the sector's middle half▼ 63.6%€7,304within the sector's middle half▲ 42.2%
Equity€332,855within the sector's middle half▲ 0.6%€438,924within the sector's middle half▲ 31.9%€453,051within the sector's middle half▲ 3.2%€458,186within the sector's middle half▲ 1.1%€465,491within the sector's middle half▲ 1.6%
Total assets€793,510within the sector's middle half▲ 13.0%€1.3mwithin the sector's middle half▲ 66.2%€1.3mwithin the sector's middle half▼ 2.6%€1.2mwithin the sector's middle half▼ 3.9%€1.2mwithin the sector's middle half▼ 2.8%
Debt€438,159▲ 25.7%€822,514▲ 87.7%€775,380▼ 5.7%€720,945▼ 7.0%€679,927▼ 5.7%
Working capital€7,303-€132,880-€124,097▲ 6.6%-€112,681▲ 9.2%-€99,954▲ 11.3%
Solvency41.9%within the sector's middle half▼ 5.2pp33.3%within the sector's middle half▼ 8.7pp35.3%within the sector's middle half▲ 2.0pp37.1%within the sector's middle half▲ 1.9pp38.8%within the sector's middle half▲ 1.7pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
€0€50,000€100,000€150,000Operating result 2020: €11,916€11,916Net result 2020: €1,912€1,912Operating result 2021: €156,636€156,636Net result 2021: €106,069€106,069Operating result 2022: €27,307€27,307Net result 2022: €14,127€14,127Operating result 2023: €18,284€18,284Net result 2023: €5,136€5,136Operating result 2024: €21,743€21,743Net result 2024: €7,304€7,30420202021202220232024€0€10,000€20,000€30,000Operating result 2022: €27,307€27,300Net result 2022: €14,127€14,100Operating result 2023: €18,284€18,300Net result 2023: €5,136€5,140Operating result 2024: €21,743€21,700Net result 2024: €7,304€7,300202220232024
The operating result recovers in 2024; 2024 is 19% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets €1.2m ▼ 3.1%
Current assets €23,513 ▲ 13.4%
Equity and liabilities €1.2m
Equity €465,491 ▲ 1.6%
Provisions €54,474 ▼ 2.0%
Debt €679,927 ▼ 5.7%
Debt's share of the balance-sheet total falls from 58.4% to 56.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€59,326▲
2023 · €56,549
Cash flow
€44,887▲
2023 · €43,400
Current ratio
0.19▲
2023 · 0.16
Debt to equity
1.46▼
2023 · 1.57
ROE
1.6%▲
2023 · 1.1%
ROA
0.6%▲
2023 · 0.4%
Interest coverage
4.01▲
2023 · 3.97
Debt ≤ 1 year
€123,467▼
2023 · €133,421
Debt > 1 year
€556,460▼
2023 · €587,524
Income taxes
€740
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% 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 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 14,684 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.2m€1.2m▼
Fixed assets21/28€1.2m€1.2m▼
Tangible fixed assets22/27€1.2m€1.1m▼
Land and buildings22€1.1m€1.1m▼
Furniture and vehicles24€5,811€4,956▼
Financial fixed assets28€60,000€60,000=
Current assets29/58€20,741€23,513▲
Amounts receivable after more than one year29-€5,186
Other amounts receivable291-€5,186
Amounts receivable within one year40/41€18,191€15,996▼
Trade receivables40€16,236€15,996▼
Other amounts receivable41€1,955€0▼
Cash at bank and in hand54/58€2,550€2,331▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.2m▼
Equity10/15€458,186€465,491▲
Contributions10/11€78,600€78,600=
Capital10€78,600€78,600=
Issued capital100€78,600€78,600=
Revaluation surpluses12€43,671€43,671=
Reserves13€335,916€343,220▲
Non-distributable reserves130/1€7,860€7,860=
Legal reserve130€7,860€7,860=
Tax-exempt reserves132€118,718€115,431▼
Distributable reserves133€209,338€219,929▲
Provisions and deferred taxes16€55,570€54,474▼
Deferred taxes168€55,570€54,474▼
Amounts payable17/49€720,945€679,927▼
Amounts payable after more than one year17€587,524€556,460▼
Financial debts170/4€587,524€556,460▼
Amounts payable within one year42/48€133,421€123,467▼
Current portion of amounts payable after more than one year42€30,354€31,064▲
Financial debts43€42,620€49,010▲
Credit institutions430/8€42,620€49,010▲
Trade debts44€2,864€2,594▼
Suppliers440/4€2,864€2,594▼
Taxes, remuneration and social security45€117€1,082▲
Taxes450/3€117€1,082▲
Other amounts payable47/48€57,466€39,717▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,264€37,582▼
Other operating charges640/8€7,740€7,753▲
Gross operating margin9900€64,289€67,079▲
Operating profit (loss)9901€18,284€21,743▲
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B€14,243€14,802▲
Recurring financial charges65€14,243€14,802▲
Profit (loss) for the period before taxes9903€4,041€6,949▲
Transfer from deferred taxes780€1,094€1,096▲
Income taxes67/77-€740
Profit (loss) for the period9904€5,136€7,304▲
Transfer from tax-exempt reserves789€3,283€3,287▲
Profit (loss) for the period to be appropriated9905€8,419€10,591▲
Appropriation of the result
Profit (loss) to be appropriated9906€8,419€10,591▲
Transfer to equity691/2€8,419€10,591▲
To other reserves6921€8,419€10,591▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,895€28,618€37,111€38,264€37,582▼ 1.8%
Other operating charges640/8-€7,147€6,923€7,740€7,753▲ 0.2%
Gross operating margin9900€32,312€192,401€71,341€64,289€67,079▲ 4.3%
Operating profit (loss)9901€11,916€156,636€27,307€18,284€21,743▲ 18.9%
Financial income75/76B-€0€0-€7-
Recurring financial income75€0€0€0-€7-
Financial charges65/66B-€15,305€14,275€14,243€14,802▲ 3.9%
Recurring financial charges65€10,004€15,305€14,275€14,243€14,802▲ 3.9%
Profit (loss) for the period before taxes9903€1,912€141,331€13,032€4,041€6,949▲ 71.9%
Transfer from deferred taxes780-€881€1,094€1,094€1,096▲ 0.1%
Transfer to deferred taxes680-€36,142€0---
Income taxes67/77----€740-
Profit (loss) for the period9904€1,912€106,069€14,127€5,136€7,304▲ 42.2%
Transfer from tax-exempt reserves789-€2,642€3,283€3,283€3,287▲ 0.1%
Transfer to tax-exempt reserves689-€108,426€0---
Profit (loss) for the period to be appropriated9905€1,912€285€17,410€8,419€10,591▲ 25.8%
Line20202021202220232024Change
Assets
Total assets20/58€793,510€1.3m€1.3m€1.2m€1.2m▼ 2.8%
Fixed assets21/28€685,411€1.3m€1.3m€1.2m€1.2m▼ 3.1%
Tangible fixed assets22/27€625,411€1.2m€1.2m€1.2m€1.1m▼ 3.3%
Land and buildings22-€1.2m€1.2m€1.1m€1.1m▼ 3.2%
Furniture and vehicles24-€7,822€6,370€5,811€4,956▼ 14.7%
Financial fixed assets28€60,000€60,000€60,000€60,000€60,000=
Current assets29/58€108,099€42,062€33,848€20,741€23,513▲ 13.4%
Amounts receivable after more than one year29-€0--€5,186-
Trade receivables290-€0----
Other amounts receivable291----€5,186-
Amounts receivable within one year40/41€12,115€40,257€31,839€18,191€15,996▼ 12.1%
Trade receivables40-€28,683€31,839€16,236€15,996▼ 1.5%
Other amounts receivable41-€11,574€0€1,955€0▼ 100%
Cash at bank and in hand54/58€1,600€864€1,620€2,550€2,331▼ 8.6%
Deferred charges and accrued income490/1-€941€388€0--
Equity and liabilities
Total equity and liabilities10/49€793,510€1.3m€1.3m€1.2m€1.2m▼ 2.8%
Equity10/15€332,855€438,924€453,051€458,186€465,491▲ 1.6%
Contributions10/11€78,600€78,600€78,600€78,600€78,600=
Capital10-€78,600€78,600€78,600€78,600=
Issued capital100-€78,600€78,600€78,600€78,600=
Revaluation surpluses12-€43,671€43,671€43,671€43,671=
Reserves13€210,584€316,653€330,780€335,916€343,220▲ 2.2%
Non-distributable reserves130/1-€7,860€7,860€7,860€7,860=
Legal reserve130-€7,860€7,860€7,860€7,860=
Tax-exempt reserves132-€125,284€122,001€118,718€115,431▼ 2.8%
Distributable reserves133-€183,509€200,919€209,338€219,929▲ 5.1%
Provisions and deferred taxes16€22,497€57,758€56,664€55,570€54,474▼ 2.0%
Deferred taxes168-€57,758€56,664€55,570€54,474▼ 2.0%
Amounts payable17/49€438,159€822,514€775,380€720,945€679,927▼ 5.7%
Amounts payable after more than one year17€336,727€647,572€617,435€587,524€556,460▼ 5.3%
Financial debts170/4-€647,572€617,435€587,524€556,460▼ 5.3%
Amounts payable within one year42/48€100,797€174,942€157,945€133,421€123,467▼ 7.5%
Current portion of amounts payable after more than one year42-€29,544€30,137€30,354€31,064▲ 2.3%
Financial debts43-€47,857€44,100€42,620€49,010▲ 15.0%
Credit institutions430/8-€47,857€44,100€42,620€49,010▲ 15.0%
Trade debts44€3,496€2,871€6,353€2,864€2,594▼ 9.4%
Suppliers440/4-€2,871€6,353€2,864€2,594▼ 9.4%
Taxes, remuneration and social security45-€9,440€2,353€117€1,082▲ 827%
Taxes450/3-€9,440€2,353€117€1,082▲ 827%
Other amounts payable47/48-€85,230€75,002€57,466€39,717▼ 30.9%
Accrued charges and deferred income492/3-€0----
Line20202021202220232024Change
Profit (loss) for the period9904€1,912€106,069€14,127€5,136€7,304▲ 42.2%
+ Depreciation and write-downs630€13,895€28,618€37,111€38,264€37,582▼ 1.8%
Operating cash flow (approximation)€15,808€134,687€51,237€43,400€44,887▲ 3.4%
Investment in fixed assets (approximation)--€620,341-€11,223-€978€0▲ 100%
Change in cash--€735€755€930-€218▼ 123%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
08-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 18 days late
2022
08-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
31-12
Financial Highest result since 2018net €106,069 ▲5,447%
Operating result €156,636, net result €106,069, both a record.
20-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Back to profitnet €1,912
Net result €1,912 after 2 loss-making years.
31-12
Financial Liquidity times 27current ratio 1.07
Current ratio from 0.04 to 1.07.
30-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
17-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 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, Blankenberge · 1 establishment unit since 1999
seat establishment The establishment unit on the map
Ground area
441 m²
Building footprint
334 m²
Volume, LiDAR
7,620 m³
Parcel 31602A0859/00H025, Flanders · tallest building 37.2 m, ±11 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
ADDILUB
Zeedijk 236, 8370 BlankenbergeNACE 50301
since 19992.076.734.267
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31602A0859/00H025 Flanders 440 m² 1 · 334 m² 37.2 m · 11 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of ADDILUB 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.

Similar companies · same sector, comparable size

Of 840 companies in sector 46810 we hold annual accounts for 473. 369 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
Founded23-05-1996
Fiscal year end31-12
Activities, NACEBEL 2025
46810Wholesale of solid, liquid and gaseous fuels and related products
E-invoicing
Reachable via Peppol
Peppol ID 0208:0457968969
Also 9925:BE0457968969
Registered 28-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.