Equity
€245,746 ▼ 8.6%
ADECOR paid out €30,000 in dividends. That is 430% of the 2025 profit.
ADECOR
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €533,479 (2016)
€360,408▼ 9.8%
lowest -€6,683 (2012)
€6,981▲ 650%
peak €420,769 (2013)
€245,746▼ 8.6%
€794,198▲ 4.8%
peak 6 FTE (2022)
5.7 FTE▲ 3.6%
Board2 names since 2022
1 directorSP INTERIEUR DESIGN
Owners
Documentsfilings and deeds
04-06-202657 days before the deadline
2025financial year
Result from €930 to €6,981Dividend €30,000
Key points
from the 2025 annual accountsChecked score
86
Excellent
Financially stronger than 46% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.3%● unchanged vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
Equity €245,746 (22.6% of total assets)
lowers risk
Liquidity: current ratio 0.96, cash €336,890
Founded in 1990
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 38% of them on solvency, 66% on liquidity, 50% on profitability and 28% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,984 companies had the same profile as ADECOR has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ADECOR itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,984 companies, not a prediction for ADECOR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.96 (0.95 in 2024), below 1. Short-term debt is 56.9% and cash 31% of total assets. 77.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 days early
2024
59 days early
2023
58 days early
2022
48 days early
2021
34 days early
2020
25 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SP INTERIEUR DESIGN 100%equity €386,553 (2025) · 2025 annual accounts of SP INTERIEUR DESIGN
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440845895
Amendment of the articles
Permanent representative: POLIMENI Stéphanie · Resignation: POLIMENI Vincenzo (statutory director) · Appointment: SP INTERIEUR DESIGN (sole director) · General meeting of 23-06-2023 · Gazette deed
1 director appointed, 1 resignation
Appointment: SP INTERIEUR DESIGN · Resignation: POLIMENI Vincenzo · Permanent representative: Stéphanie POLIMENI · General meeting of 27-04-2023 · Gazette deed
Legal-form change · Resignations & appointments
Board composition: POLIMENI Vincenzo (statutory director) · Board composition: GUIOT Thérèse Odette Andrée Marie Ghislaine (statutory director) · Board composition: POLIMENI Stéphanie (statutory director) · General meeting of 02-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ADECOR Fleurus | €1.1m | €360,408 | 22.6% | 5.7 |
| NEW HOME ELEC Saint-Ghislain | €1.6m | €255,349 | 10.6% | 6.5 |
| Arcade Charleroi | €0.8m | €317,175 | 21.7% | 5.1 |
| B.BRUSSELS Vilvoorde | €1.4m | €458,042 | 7.7% | 5.2 |
| SLEEP I.D. Aalst | €0.9m | €355,205 | 27.6% | 4.5 |
| MEUBELS PAUWELS NV Veurne | €0.8m | €487,678 | 63.9% | 5 |
| MEUBLETA WOONONTWERP Brecht | €1.4m | €315,580 | 69.3% | 4.7 |
These companies have the same main activity as ADECOR: retail sale of household furniture (NACE 47551). They are comparable in size and age: total assets between €792,000 and €1.6m, founded between 1979 and 1991.
Official details
Source: KBO- Status
- Active since 15-06-1990Normal situation
- Activity
- Retail sale of household furnitureNACE 47551and 3 others
- Establishment unit
- 2.048.747.8866220 Fleurus, since 02-07-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 04-12-2025
Annual accounts 2025
- ≈ €1.9mestimated
- €1.1m▲ 0.9%
- Employeeson 31-12-2025
- 6▲ 20.0%
- Filing
- Filed on 04-06-2026, 57 days before the end of the filing period
Insights on ADECOR
ADECOR has existed since 1990. The gross margin grew from €212,954 in 2006 to €360,408 in 2025 and staff from 3.3 to 5.7 full-time equivalents.
SP INTERIEUR DESIGN holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ADECOR
- What is the company number of ADECOR?
- The company number of ADECOR is 0440.845.895. The VAT number is the same number with BE in front: BE 0440.845.895.
- Where is ADECOR based?
- The registered office is at Chaussée de Gilly 227, 6220 Fleurus.Company details
- What does ADECOR do?
- According to the KBO register, the main activity is retail sale of household furniture (NACE 47551).
- What is the legal form of ADECOR?
- ADECOR is a private limited company (BV).
- When was ADECOR founded?
- ADECOR was founded on 15-06-1990.
- Is ADECOR still active?
- Yes, ADECOR is an active enterprise in the KBO register.
- How many employees does ADECOR have?
- ADECOR had an average of 5.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ADECOR?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €360,408 and 31 comparable companies (NACE 475). It probably lies between €1.2m and €2.9m.
- Is ADECOR profitable?
- In financial year 2025, ADECOR made a profit of €6,981.
- Where can I find the annual accounts of ADECOR?
- ADECOR filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ADECOR due?
- ADECOR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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