ADECO
ActiveSummary
ADECO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€176,608) and a net result of -€364. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 5% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its last 7 accounts on average 16 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 (2)
History
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Financials · fiscal year 2025, micro schema
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- 2022 Total assets -69% on 2021. Cause not known from the registers.
- 2021 Net result +100% on 2020. Cause not known from the registers.
Peer companies
Historical observationOf the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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%.
| 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 2,798 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €710 | €543 | €455 | €144 | ▼ 68.3% |
| Gross operating margin9900 | -€193 | -€6,742 | -€212 | -€2,638 | -€66 | ▲ 97.5% |
| Operating profit (loss)9901 | -€541 | -€7,452 | -€755 | -€3,093 | -€210 | ▲ 93.2% |
| Financial charges65/66B | - | €432 | €472 | €276 | €155 | ▼ 44.0% |
| Recurring financial charges65 | €234 | €432 | €472 | €276 | €155 | ▼ 44.0% |
| Profit (loss) for the period before taxes9903 | -€775 | -€7,884 | -€1,227 | -€3,369 | -€364 | ▲ 89.2% |
| Profit (loss) for the period9904 | -€775 | -€7,884 | -€1,227 | -€3,369 | -€364 | ▲ 89.2% |
| Profit (loss) for the period to be appropriated9905 | -€775 | -€7,884 | -€1,227 | -€3,369 | -€364 | ▲ 89.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €221,769 | €69,225 | €70,008 | €67,339 | €67,208 | ▼ 0.2% |
| Current assets29/58 | €221,769 | €69,225 | €70,008 | €67,339 | €67,208 | ▼ 0.2% |
| Stocks and contracts in progress3 | €1,886 | €1,886 | €1,886 | €1,886 | €1,886 | = |
| Stocks30/36 | - | €1,886 | €1,886 | €1,886 | €1,886 | = |
| Amounts receivable within one year40/41 | €215,816 | €67,170 | €66,478 | €65,322 | €65,322 | = |
| Trade receivables40 | - | €58,634 | €58,331 | €4,592 | €4,592 | = |
| Other amounts receivable41 | - | €8,536 | €8,147 | €60,730 | €60,730 | = |
| Cash at bank and in hand54/58 | €4,067 | €169 | €1,644 | €131 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €221,769 | €69,225 | €70,008 | €67,339 | €67,208 | ▼ 0.2% |
| Equity10/15 | -€163,763 | -€171,647 | -€172,874 | -€176,243 | -€176,608 | ▼ 0.2% |
| Contributions10/11 | €247,894 | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Capital10 | - | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Issued capital100 | - | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Reserves13 | €7,061 | €7,061 | €7,061 | €7,061 | €7,061 | = |
| Non-distributable reserves130/1 | - | €353 | €353 | €353 | €353 | = |
| Legal reserve130 | - | €353 | €353 | €353 | €353 | = |
| Distributable reserves133 | - | €6,708 | €6,708 | €6,708 | €6,708 | = |
| Profit (loss) carried forward14 | -€418,718 | -€426,602 | -€427,829 | -€431,198 | -€431,563 | ▼ 0.1% |
| Amounts payable17/49 | €385,532 | €240,872 | €242,882 | €243,582 | €243,816 | ▲ 0.1% |
| Amounts payable within one year42/48 | €353,170 | €208,510 | €210,520 | €211,220 | €211,309 | = |
| Financial debts43 | - | €207,676 | €207,676 | €207,676 | €207,699 | = |
| Credit institutions430/8 | - | - | - | - | €23 | - |
| Other loans439 | - | €207,676 | €207,676 | €207,676 | €207,676 | = |
| Trade debts44 | €494 | €834 | €2,844 | €3,544 | €3,610 | ▲ 1.9% |
| Suppliers440/4 | - | €834 | €2,844 | €3,544 | €3,610 | ▲ 1.9% |
| Accrued charges and deferred income492/3 | - | €32,362 | €32,362 | €32,362 | €32,507 | ▲ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€775 | -€7,884 | -€1,227 | -€3,369 | -€364 | ▲ 89.2% |
| Operating cash flow (approximation) | -€775 | -€7,884 | -€1,227 | -€3,369 | -€364 | ▲ 89.2% |
| Change in cash | - | -€3,898 | €1,475 | -€1,513 | - | - |
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
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0008/00V002 | Flanders | 1.4 ha | 1 · 1,849 m² | 18.6 m · 2 fl. |
| 41362B0102/00L002 | Flanders | 1,665 m² | 1 · 1,191 m² | 8.5 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.