ADEBEL
ActiveSummary
For ADEBEL, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €1.2m and a net result of €11,369. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 71% of 197 sector peers (fiscal year 2022). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability70▲+32
Solvency90▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 2022Solvency, return and age of the figures
Solvency
65.3%
Return on assets
0.6%
Age of the figures
51 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 17-03-2023, 45 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
45 d late
2021
17 d late
2020
8 d late
2019
308 d late
← 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 95 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, abbreviated schema
Equity
€1.2m▲ 1.0%
2021 · €1.1m
Total assets
€1.8m▼ 3.0%
2021 · €1.8m
Net result
€11,369▲ 1,668%
2021 · €643
Working capital
-€222,338▲ 12.3%
2021 · -€253,494
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic 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
Line2019202020212022
Operating result€2,016-€5,202▲ 158%€4,338▼ 16.6%€14,750▲ 240%
Net result€728-€4,695below the sector's middle half▲ 545%€643below the sector's middle half▼ 86.3%€11,369within the sector's middle half▲ 1,668%
Equity€1.1m-€1.1mwithin the sector's middle half▲ 0.4%€1.1mwithin the sector's middle half▲ 0.1%€1.2mwithin the sector's middle half▲ 1.0%
Total assets€1.9m-€1.8mwithin the sector's middle half▼ 5.2%€1.8mwithin the sector's middle half▲ 1.1%€1.8mwithin the sector's middle half▼ 3.0%
Debt€765,047-€661,246▼ 13.6%€679,876▲ 2.8%€614,447▼ 9.6%
Working capital-€284,385--€251,404below the sector's middle half▲ 11.6%-€253,494below the sector's middle half▼ 0.8%-€222,338below the sector's middle half▲ 12.3%
Solvency59.8%-63.3%within the sector's middle half▲ 3.5pp62.7%within the sector's middle half▼ 0.6pp65.3%within the sector's middle half▲ 2.6pp
Current ratio0.37-0.26below the sector's middle half▼ 0.110.33below the sector's middle half▲ 0.070.29below the sector's middle half▼ 0.04
Return on assets (ROA)0.0%-0.3%below the sector's middle half▲ 0.2pp0.0%below the sector's middle half▼ 0.2pp0.6%within the sector's middle half▲ 0.6pp
Staff (FTE)0.2-
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic 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 recovers in 2022; 2022 is 240% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.7m ▼ 1.2%
Current assets
€92,110 ▼ 27.1%
Equity and liabilities €1.8m
Equity
€1.2m ▲ 1.0%
Debt
€614,447 ▼ 9.6%
Debt's share of the balance-sheet total falls from 37.3% to 34.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34,537▲
2021 · €24,124
Cash flow
€31,156▲
2021 · €20,430
Quick ratio
0.15▼
2021 · 0.21
Debt to equity
0.53▲
2021 · 0.26
ROE
1.0%▲
2021 · 0.1%
Interest coverage
60.82
Debt ≤ 1 year
€314,447▼
2021 · €379,876
Debt > 1 year
€300,000=
2021 · €300,000
Income taxes
€2,898▲
2021 · €663
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,608 | €21,608 | €19,787 | €19,787 | = |
| Other operating charges640/8 | - | - | - | €3,606 | - |
| Gross operating margin9900 | €26,118 | €33,238 | €31,766 | €38,143 | ▲ 20.1% |
| Operating profit (loss)9901 | €2,016 | €5,202 | €4,338 | €14,750 | ▲ 240% |
| Financial income75/76B | - | - | - | €85 | - |
| Recurring financial income75 | - | €154 | - | €85 | - |
| Financial charges65/66B | - | - | - | €568 | - |
| Recurring financial charges65 | €1,239 | €612 | €3,032 | €568 | ▼ 81.3% |
| Profit (loss) for the period before taxes9903 | €777 | €4,745 | €1,306 | €14,267 | ▲ 993% |
| Income taxes67/77 | €49 | €50 | €663 | €2,898 | ▲ 337% |
| Profit (loss) for the period9904 | €728 | €4,695 | €643 | €11,369 | ▲ 1,668% |
| Profit (loss) for the period to be appropriated9905 | €728 | €4,695 | €643 | €11,369 | ▲ 1,668% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.9m | €1.8m | €1.8m | €1.8m | ▼ 3.0% |
| Fixed assets21/28 | €1.7m | €1.7m | €1.7m | €1.7m | ▼ 1.2% |
| Tangible fixed assets22/27 | €138,913 | €117,305 | €97,518 | €77,732 | ▼ 20.3% |
| Land and buildings22 | - | - | - | €77,732 | - |
| Financial fixed assets28 | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Current assets29/58 | €164,821 | €87,322 | €126,382 | €92,110 | ▼ 27.1% |
| Stocks and contracts in progress3 | €45,200 | €45,200 | €45,200 | €45,200 | = |
| Stocks30/36 | - | - | - | €45,200 | - |
| Amounts receivable within one year40/41 | €117,202 | €39,600 | €80,650 | €45,000 | ▼ 44.2% |
| Trade receivables40 | - | - | - | €45,000 | - |
| Cash at bank and in hand54/58 | - | - | €4 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,910 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €1.8m | €1.8m | ▼ 3.0% |
| Equity10/15 | €1.1m | €1.1m | €1.1m | €1.2m | ▲ 1.0% |
| Contributions10/11 | €285,000 | - | €285,000 | €285,000 | = |
| Capital10 | - | - | - | €285,000 | - |
| Issued capital100 | - | - | - | €285,000 | - |
| Reserves13 | €863,500 | €835,000 | €863,500 | €863,500 | = |
| Non-distributable reserves130/1 | - | - | - | €28,500 | - |
| Legal reserve130 | - | - | - | €28,500 | - |
| Distributable reserves133 | - | - | - | €835,000 | - |
| Profit (loss) carried forward14 | -€11,093 | -€6,399 | -€5,756 | €5,614 | ▲ 198% |
| Amounts payable17/49 | €765,047 | €661,246 | €679,876 | €614,447 | ▼ 9.6% |
| Amounts payable after more than one year17 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Other amounts payable178/9 | - | - | - | €300,000 | - |
| Amounts payable within one year42/48 | €449,206 | €338,726 | €379,876 | €314,447 | ▼ 17.2% |
| Trade debts44 | €14,137 | €4,238 | €7,282 | €731 | ▼ 90.0% |
| Suppliers440/4 | - | - | - | €731 | - |
| Taxes, remuneration and social security45 | - | - | - | €64,936 | - |
| Taxes450/3 | - | - | - | €3,014 | - |
| Remuneration and social security454/9 | - | - | - | €61,922 | - |
| Other amounts payable47/48 | - | - | - | €248,780 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €728 | €4,695 | €643 | €11,369 | ▲ 1,668% |
| + Depreciation and write-downs630 | €21,608 | €21,608 | €19,787 | €19,787 | = |
| Operating cash flow (approximation) | €22,336 | €26,303 | €20,430 | €31,156 | ▲ 52.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
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
2023
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 45 days late
2022
30-06
Financial
Highest result since 2019net €11,369 ▲1,668%
Operating result €14,750, net result €11,369, both a record.
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
30-06
Financial
Weakest financial yearnet €643 ▼86.3%
Net result drops to €643, the lowest in the series; recovery starts the following year.
08-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 8 days late
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 308 days late
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
2015
27-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2013
24-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
Financial 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, Putte · 1 establishment unit since 2008
Ground area
6,278 m²
Building footprint
2,229 m²
Volume, LiDAR
11,032 m³
Parcel 12029A0598/00F000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ADEBEL
since 20082.178.068.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029A0598/00F000 | Flanders | 6,278 m² | 1 · 2,229 m² | 6.8 m · 2 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 holdingOwners 0
The accounts to 30-06-2022 list no shareholders, and no other source names one.
Holdings 1
-
99.92%
According to the annual accounts to 30-06-2022 of ADEBEL 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.
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Of 371 companies in sector 22210 we hold annual accounts for 294. 205 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
Founded17-07-2008
Fiscal year end30-06
Activities, NACEBEL 2025
22210Manufacture of rubber and plastic products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899466647
Also
9925:BE0899466647
Registered
31-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.