ADECOR
ActiveSummary
ADECOR has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €246k and a net result of €7k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 34% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+1
Solvency48▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.95 in 2024; short-term debt: 56.9% and cash: 31% of total assets), and 77.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.6%
Return on assets
0.6%
Age of the figures
9 mo
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 d early
2024
59 d early
2023
58 d early
2022
48 d early
2021
34 d early
2020
25 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7k▲ 650%
2024 · €930
2018: €16k
2019: €42k
2020: €36k
2021: €73k
2022: €12k
2023: €6k
2024: €930
2018 → 2025
Working capital
€-27k▼ 0.4%
2024 · €-27k
2018: €233k
2019: €281k
2020: €301k
2021: €296k
2022: €170k
2023: €95k
2024: €-27k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€381k-€392k▲ 3.1%€398k▲ 1.4%€269k▼ 32.4%€246k▼ 8.6%
Operating result€75k-€-4k€-6k▼ 46.3%€-6k▼ 3.4%€7k
Net result€73k-€12k▼ 84.1%€6k▼ 52.3%€930▼ 83.3%€7k▲ 650%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.09M
Fixed assets
€496k ▼ 9.5%
Current assets
€590k ▲ 11.8%
Equity and liabilities €1.09M
Equity
€246k ▼ 8.6%
Provisions
€46k ▼ 6.2%
Debt
€794k ▲ 4.8%
Debt's share of the balance-sheet total rises from 70.5% to 73.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€68k▲
2024 · €54k
Cash flow
€68k▲
2024 · €62k
Current ratio
0.96▲
2024 · 0.95
Quick ratio
0.71▼
2024 · 0.75
Debt to equity
3.23▲
2024 · 2.82
ROE
2.8%▲
2024 · 0.3%
ROA
0.6%▲
2024 · 0.1%
Interest coverage
7.28▲
2024 · 6.23
Debt ≤ 1 year
€618k▲
2024 · €556k
Debt > 1 year
€176k▼
2024 · €202k
Income taxes
€10k▲
2024 · €5k
Staff costs
€277k▼
2024 · €351k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€1.09M▲
Fixed assets21/28€548k€496k▼
Tangible fixed assets22/27€548k€496k▼
Land and buildings22€418k€386k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€60k€33k▼
Other tangible fixed assets26€65k€74k▲
Financial fixed assets28€50€50=
Current assets29/58€528k€590k▲
Stocks and contracts in progress3€109k€149k▲
Stocks30/36€109k€149k▲
Amounts receivable within one year40/41€92k€98k▲
Trade receivables40€88k€98k▲
Other amounts receivable41€4k€0▼
Cash at bank and in hand54/58€321k€337k▲
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.09M▲
Equity10/15€269k€246k▼
Contributions10/11€19k€19k=
Reserves13€250k€227k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€137k€131k▼
Distributable reserves133€111k€94k▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€49k€46k▼
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Deferred taxes168€49k€46k▼
Amounts payable17/49€758k€794k▲
Amounts payable after more than one year17€202k€176k▼
Financial debts170/4€202k€176k▼
Amounts payable within one year42/48€556k€618k▲
Current portion of amounts payable after more than one year42€25k€26k▲
Trade debts44€174k€127k▼
Suppliers440/4€174k€127k▼
Advances received on contracts in progress46€255k€321k▲
Taxes, remuneration and social security45€72k€70k▼
Taxes450/3€37k€33k▼
Remuneration and social security454/9€34k€36k▲
Other amounts payable47/48€30k€74k▲
Income statement
Code20242025
Non-recurring operating income76A€8k€0▼
Remuneration, social security and pensions62€351k€277k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€61k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-20k€0▲
Other operating charges640/8€15k€15k▲
Non-recurring operating charges66A€96€0▼
Gross operating margin9900€399k€360k▼
Operating profit (loss)9901€-6k€7k▲
Financial income75/76B€18k€16k▼
Recurring financial income75€18k€16k▼
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€3k€14k▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€5k€10k▲
Profit (loss) for the period9904€930€7k▲
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€7k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€13k▼
Profit (loss) brought forward from the previous period14P€11k€0▼
Transfer from equity791/2€112k€17k▼
Profit to be distributed694/7€130k€30k▼
Return on contributions (dividend)694€130k€30k▼
Social balance
Average headcount (FTE)90875.55.7▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €930 ▼83.3%
Net result drops to €930, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €73k ▲105%
Operating result €75k, net result €73k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Fleurus · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Gilly(FL) 2276220 FleurusGround area
785 m²
Building footprint
1,861 m²
Volume, LiDAR
6,599 m³
Parcel 52332C0383/00F004, Wallonia · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ADECOR SPRL
since 19902.048.747.886
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332C0383/00F004 | Wallonia | 785 m² | 1 · 1,861 m² | 5.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
EUROSLEEP
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VB INTERIOR CONSULT
BE 0869.982.904
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TOTO GROUP
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Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 1,326 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-06-1990
Fiscal year end31-12
Activities, NACEBEL 2025
31004Manufacture of dining room, living room, bedroom and bathroom furniture
47551Retail sale of household furniture
31002Manufacture of furniture
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:stephanie@adecorcuisines.be
Phone:071354934