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ADE2

Active
Private limited company (pre-2019)founded 201610 yrs activeLange-Haagstraat 56, 1050 Elsene, BelgiumKBO/BCE: BE 0656.967.439
Summary

The computed 12-month bankruptcy probability of ADE2 is 2.3% (moderate). The 2024 annual accounts show equity of €14,670 and a net result of €295,306. Equity remains stable across the filed fiscal years (±0.1% per year). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+82
Solvency100▲+100
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 19.81 against 38.42 in 2023; short-term debt: 5% and cash: 4.9% of total assets), and 5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
95%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 9 filings
Deviation from the deadline
2025
not confirmed
2024
28 d late
2023
36 d early
2022
35 d early
2021
31 d late
2020
10 d late
2019
258 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 43 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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

ADE2 was incorporated on 27 June 2016.1 Total assets fell from EUR 151,798 in 2018 to EUR 15,450 in 2024.2

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

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Financials · fiscal year 2024, micro schema

Equity
€14,670
2023 · -€280,635
Total assets
€15,450▲ 2.5%
2023 · €15,077
Net result
€295,306
2023 · -€1,151
Working capital
€14,670▼ 0.1%
2023 · €14,685
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€10,170▲ 87.6%€2,166-€1,882-€1,777▲ 5.6%-€801▲ 54.9%
Net result€2,744€1,977▼ 28.0%-€1,944-€1,151▲ 40.8%€295,306
Equity-€279,517▲ 1.0%-€277,540▲ 0.7%-€279,484▼ 0.7%-€280,635▼ 0.4%€14,670
Total assets€17,969▼ 77.9%€17,784▼ 1.0%€15,836▼ 11.0%€15,077▼ 4.8%€15,450▲ 2.5%
Debt€297,486▼ 18.1%€295,324▼ 0.7%€295,320=€295,712▲ 0.1%€780▼ 99.7%
Working capital-€3,664▲ 96.3%€17,280€14,685€14,670▼ 0.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000€300,000Operating result 2020: -€10,170-€10,170Net result 2020: €2,744€2,744Operating result 2021: €2,166€2,166Net result 2021: €1,977€1,977Operating result 2022: -€1,882-€1,882Net result 2022: -€1,944-€1,944Operating result 2023: -€1,777-€1,777Net result 2023: -€1,151-€1,151Operating result 2024: -€801-€801Net result 2024: €295,306€295,30620202021202220232024-€100,000€0€100,000€200,000€300,000Operating result 2022: -€1,882-€1,880Net result 2022: -€1,944-€1,940Operating result 2023: -€1,777-€1,780Net result 2023: -€1,151-€1,150Operating result 2024: -€801-€801Net result 2024: €295,306€295,000202220232024
The operating result stays negative: a loss of €801 in 2024 against €1,777 in 2023; the loss shrinks.
Balance-sheet composition
Equity and liabilities €15,450
Equity €14,670
Debt €780
Debt finances 5.0% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
Current ratio
19.81▼
2023 · 38.42
Debt to equity
0.05▲
2023 · -1.05
Debt ≤ 1 year
€780▲
2023 · €392
A ratio outside any meaningful range has been withheld (balance sheet total €15,450, equity €14,670).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
3.8% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

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% 1.7%
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 34,679 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 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€15,077€15,450▲
Current assets29/58€15,077€15,450▲
Amounts receivable within one year40/41€13,866€13,851▼
Trade receivables40€324€324=
Other amounts receivable41€13,542€13,527▼
Cash at bank and in hand54/58€1,211€761▼
Deferred charges and accrued income490/1-€837
Equity and liabilities
Total equity and liabilities10/49€15,077€15,450▲
Equity10/15-€280,635€14,670▲
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€299,235-€3,930▲
Amounts payable17/49€295,712€780▼
Amounts payable after more than one year17€261,950-
Financial debts170/4€261,950-
Amounts payable within one year42/48€392€780▲
Trade debts44€392€780▲
Suppliers440/4€392€780▲
Accrued charges and deferred income492/3€33,370-
Income statement Code20232024
Other operating charges640/8€825€387▼
Gross operating margin9900-€952-€414▲
Operating profit (loss)9901-€1,777-€801▲
Financial income75/76B€688€296,157▲
Recurring financial income75€688€837▲
Non-recurring financial income76B-€295,320
Financial charges65/66B€62€51▼
Recurring financial charges65€62€51▼
Profit (loss) for the period before taxes9903-€1,151€295,306▲
Profit (loss) for the period9904-€1,151€295,306▲
Profit (loss) for the period to be appropriated9905-€1,151€295,306▲
Appropriation of the result
Profit (loss) to be appropriated9906-€299,235-€3,930▲
Profit (loss) brought forward from the previous period14P-€298,084-€299,235▼

The notes to these accounts (5 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-€1,667----
Other operating charges640/8-€433€712€825€387▼ 53.1%
Gross operating margin9900-€6,755€4,266-€1,170-€952-€414▲ 56.5%
Operating profit (loss)9901-€10,170€2,166-€1,882-€1,777-€801▲ 54.9%
Financial income75/76B--€2€688€296,157▲ 42,976%
Recurring financial income75€42-€2€688€837▲ 21.8%
Non-recurring financial income76B----€295,320-
Financial charges65/66B-€189€64€62€51▼ 17.6%
Recurring financial charges65€1,388€189€64€62€51▼ 17.6%
Profit (loss) for the period before taxes9903€2,744€1,977-€1,944-€1,151€295,306▲ 25,748%
Profit (loss) for the period9904€2,744€1,977-€1,944-€1,151€295,306▲ 25,748%
Profit (loss) for the period to be appropriated9905€2,744€1,977-€1,944-€1,151€295,306▲ 25,748%
Line20202021202220232024Change
Assets
Total assets20/58€17,969€17,784€15,836€15,077€15,450▲ 2.5%
Fixed assets21/28€3,367€500----
Intangible fixed assets21€1,159-----
Tangible fixed assets22/27€507-----
Financial fixed assets28€1,701€500----
Current assets29/58€14,602€17,284€15,836€15,077€15,450▲ 2.5%
Amounts receivable within one year40/41€3,571€13,234€12,751€13,866€13,851▼ 0.1%
Trade receivables40-€1,588-€324€324=
Other amounts receivable41-€11,646€12,751€13,542€13,527▼ 0.1%
Cash at bank and in hand54/58€11,031€3,691€2,727€1,211€761▼ 37.1%
Deferred charges and accrued income490/1-€358€358-€837-
Equity and liabilities
Total equity and liabilities10/49€17,969€17,784€15,836€15,077€15,450▲ 2.5%
Equity10/15-€279,517-€277,540-€279,484-€280,635€14,670▲ 105%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Profit (loss) carried forward14-€298,117-€296,140-€298,084-€299,235-€3,930▲ 98.7%
Amounts payable17/49€297,486€295,324€295,320€295,712€780▼ 99.7%
Amounts payable after more than one year17€245,850€261,950€261,950€261,950--
Financial debts170/4-€261,950€261,950€261,950--
Amounts payable within one year42/48€18,266€4-€392€780▲ 98.7%
Trade debts44€1,498--€392€780▲ 98.7%
Suppliers440/4---€392€780▲ 98.7%
Taxes, remuneration and social security45-€4----
Taxes450/3-€4----
Accrued charges and deferred income492/3-€33,370€33,370€33,370--
Line20202021202220232024Change
Profit (loss) for the period9904€2,744€1,977-€1,944-€1,151€295,306▲ 25,748%
+ Depreciation and write-downs630-€1,667----
Operating cash flow (approximation)€2,744€3,644-€1,944-€1,151€295,306▲ 25,748%
Investment in fixed assets (approximation)-€1,200----
Change in cash--€7,340-€964-€1,517-€450▲ 70.4%

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
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial Back to profitnet €295,306
Net result €295,306 after 2 loss-making years.
25-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial Liquidity times 5705current ratio 4560.29
Current ratio from 0.80 to 4560.29; short-term debt falls from €18,266 to €4.
10-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
15-04
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 258 days late
2020
31-12
Financial Back to profitnet €2,744
Net result €2,744 after 2 loss-making years.
2019
31-12
Financial Weakest financial yearnet -€95,760
Net result drops to -€95,760, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
25-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Elsene · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
400 m²
Building footprint
350 m²
Volume, LiDAR
5,969 m³
2 parcels, Brussels · tallest building 24.7 m, ±7 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
DREAM & FOOD
Alfred Cluysenaarstraat 11/13, 1060 Sint-Gillis (bij-Brussel)Manufacture of food products
since 20162.255.631.961
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21562A0190/00S007 Brussels 342 m² 1 · 290 m² 24.7 m · 7 fl.
21009A0339/00T008 Brussels 58 m² 1 · 59 m² 20.0 m · 6 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded27-06-2016
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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