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ADECOR

Active Private limited companyfounded 1990active for 36 yearsChaussée de Gilly 227, 6220 FleurusKBO/BCE: BE 0440.845.895 subsidiary of SP INTERIEUR DESIGN
ADECOR
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Overview

Lifetime

20 annual accounts with figures on one time axis, 36 filings since 1990
peak €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
100%SP INTERIEUR DESIGN
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 accounts

Equity

€245,746 ▼ 8.6%
268,7652024+6,981Profit-30,000Dividend245,7462025

ADECOR paid out €30,000 in dividends. That is 430% of the 2025 profit.

Debts

€794,198 73% of the balance sheet
Financial debts 22%Suppliers 16%Taxes and wages 9%Other 53%

Of this, €617,737 falls due within a year.

Filings

36 annual accounts since 1990
AprilJune31 JulyOctober1990200020102020

The last five annual accounts were filed 34 to 59 days before the end of the period.

Checked 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 strength
Average

48-2equity 22.6% of total assets
59-2short-term debt 56.9% · cash 31.0%
70+1return on assets 0.6%

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
  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 0.96, cash €336,890
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · Equity €245,746 (22.6% of total assets)
NBB · annual accounts
lowers risk · Founded in 1990
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 filings
Deviation 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 months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

SI
SP INTERIEUR DESIGN
Director, POLIMENI Stéphanie, since 27-04-2023
Board & ownership

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
All 46 events

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
Company details

Annual accounts 2025

€360,408▼ 9.8%
≈ €1.9mestimated
€6,981▲ 650%
€245,746▼ 8.6%
€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
Financials

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.

Financials

Annual accounts 2025

full format, filed on 04-06-2026, 57 days before the deadline
€360,408
▼ 9.8%
€6,933
▲ €13,237
€68,195
▲ 25.5%
€68,243
▲ 10.8%
22.6%
▼ 2.4 percentage points
0.96
▲ 0.00

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.9m. Estimated: probably between €1.2m and €2.9m.

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.1m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

22.6%

Higher than 34% of 5,069 companies in 2025.

0.96

Higher than 23% of 4,995 companies in 2025.

0.6%

Higher than 34% of 5,038 companies in 2025.

ADECOR Middle half of the sector 80% of the sector Full accounts in retail trade (NACE 47)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half

Staff

€48,603

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 2 people joined and 1 left. Training hours in 2025: 654.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.1m1.1m1.2m1.1m1.3m1.2m1.2m1.2m1.3m1.3m1.3m1.4m1.4m1.2m1.3m1.2m426,438464,524518,566538,092
21/28 495,572547,561504,460465,065377,693402,962459,684534,162597,594611,425660,620736,108770,734757,898712,563703,578192,087184,723206,046220,897
22/27 495,522547,511504,410465,015377,644402,912459,634534,112597,544611,375660,570736,058770,684757,848712,513703,528192,037184,673205,996220,847
22 386,159417,836334,747356,458354,822378,600424,586477,488531,844574,685597,966637,597681,609695,370692,304683,449163,020171,121175,386170,499
23 2,3675,2177,031-------4959911,7832,575-211421-436873
24 32,81859,55388,669108,55722,82124,31235,04856,62461,60928,50762,10997,47087,29259,90320,20919,86828,59613,55230,17449,475
26 74,17864,90573,963-----------------
28 5050505050505050505050505050505050505050
29/58 590,267528,147659,112640,406885,375772,701766,141707,359685,210697,790679,598674,337592,777478,506632,737513,742234,351279,801312,520317,195
3 148,925108,838101,494166,377170,789167,605160,096139,41491,14692,75485,370100,47495,44881,273108,31263,53654,56065,46062,57946,059
30/36 148,925108,838101,494166,377170,789167,605160,096139,41491,14692,75485,370100,47495,44881,273108,31263,53654,56065,46062,57946,059
40/41 98,42892,404288,45977,108125,212112,394120,050136,170170,04986,424122,807184,380196,87563,430211,05383,30025,58786,78678,85845,960
40 98,42888,404180,79277,108125,212105,11293,70143,01662,09286,42422,80780,24587,49963,334205,45672,38525,58786,78678,85845,960
41 04,000107,667--7,28226,34993,154107,957-100,000104,135109,376965,59710,915----
54/58 336,890321,295259,182373,248559,674455,633442,390380,253364,073447,259392,854300,727200,882222,621192,079233,159150,806121,552163,464215,197
490/1 6,0245,6109,97623,67429,70037,06943,60551,52259,94271,35378,56788,75699,572111,182121,293133,7473,3986,0037,6199,979
Balance sheet: equity and liabilities
10/49 1.1m1.1m1.2m1.1m1.3m1.2m1.2m1.2m1.3m1.3m1.3m1.4m1.4m1.2m1.3m1.2m426,438464,524518,566538,092
10/15 245,746268,765397,835392,278380,629386,281391,891385,371369,447352,164411,810415,547420,769404,497411,180222,232221,826218,264202,523176,876
10/11 18,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,592
100 ------18,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,592
13 227,154250,173367,744373,686362,037367,689373,299366,779350,855333,572393,218396,955402,177385,905392,588203,640203,234199,672183,931158,284
130/1 1,8591,8591,8591,8591,8591,859--------------
130 ------1,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,859
1311 1,8591,8591,8591,8591,8591,859--------------
132 131,159137,101143,043148,985154,927160,869166,811172,753172,304178,246184,188190,130196,072202,014207,95635,63835,63835,63835,63825,138
133 94,136111,213222,841222,841205,250204,960204,628192,167176,692153,467207,171204,966204,246182,032182,773166,143165,737162,175146,434131,287
14 0011,499-----------------
16 45,89548,95572,30475,363101,504102,062105,780107,533112,299114,21095,941106,361117,88498,38499,15012,55610,24019,30125,59411,242
160/5 -020,28920,28943,37040,86841,52740,22041,92640,77819,45026,81035,27312,71310,41912,55610,24019,30125,59411,242
162 ----20,00020,00020,00020,00041,92640,778----------
164/5 -020,28920,28923,37020,86821,52720,220------------
168 45,89548,95552,01555,07458,13461,19464,25367,31370,37373,43276,49179,55182,61185,67188,731-----
17/49 794,198757,987693,433637,830780,936687,320728,153748,616801,058842,841832,467888,537824,858733,523834,970982,532194,372226,959290,449349,974
17 176,461202,474129,235166,998191,142215,286242,609274,382307,237317,093340,778371,283401,788433,434440,350471,41127,00114,78730,21256,533
170/4 176,461202,474129,235166,998191,142215,286242,609274,382307,237317,093340,778371,283401,788433,434440,350471,41127,00114,78730,21256,533
42/48 617,737555,513564,198470,832589,794472,034485,544474,235493,821525,748491,689517,254423,070300,089394,620511,121167,371212,172260,237293,441
42 26,01425,11819,39124,14446,29427,32331,77332,85535,55832,45730,50530,50531,64637,130131,062257,87516,29715,42626,32027,396
44 127,015173,619152,34952,23946,25829,37755,355108,58743,01470,05775,78397,463115,93851,354103,396103,18127,50767,053113,306106,958
440/4 127,015173,619152,34952,23946,25829,37755,355108,58743,01470,05775,78397,463115,93851,354103,396103,18127,50767,053113,306106,958
46 320,948254,975322,672345,811373,174344,967339,472309,267339,703290,017278,790305,280256,346192,726141,956137,776112,245105,90890,441141,945
45 69,51171,80169,78748,63845,06728,93823,23023,52525,54653,21738,11824,00619,14018,87917,69212,28911,32218,78530,15117,142
450/3 33,04237,34926,26217,56311,62711,2634,143-1,56921,99314,0191,490-2,6443,782-1,1777,02315,8555,953
454/9 36,46934,45243,52431,07533,44017,67619,08723,52523,97731,22424,09922,51619,14016,23513,91012,28910,14511,76214,29611,189
47/48 74,25030,000--79,00041,42935,714-50,00080,00068,49360,000--514--5,00019-
Income statement
70 --------------1.1m1.3m1.0m1.0m1.3m1.1m
76A 07,691-2,511-------8,5575,7851,500270,051-132---
9900 360,408399,433352,111382,508448,373296,124347,898324,765426,228533,479414,686363,573309,798214,094190,403223,542114,604144,511246,454212,954
60/61 --------------911,3501.1m924,735876,0751.0m922,762
62 277,038350,724293,251338,192315,480189,376215,244213,009247,974266,190247,067208,874183,821137,084121,680100,17781,24691,905147,713126,352
630 61,26260,65851,54552,60541,39763,19174,47890,16892,49897,84580,96382,32778,33163,09344,652111,44729,07940,18144,26941,162
631/4 -----------4,1324,132--------
635/8 0-20,289--23,0812,502-6591,307-1,7061,14821,328-7,360-8,46322,5602,294-2,1372,316-9,061-6,29314,3521,518
640/8 15,17414,54913,28918,93414,36012,84113,63613,81914,79611,71311,52813,05712,08712,90612,5135,6823,9113,6883,7314,507
66A 09612625-2314011883,528-----------
9901 6,933-6,304-6,099-4,16874,63431,14342,8339,28766,284136,40386,62063,64612,999-1,28313,6953,9209,42915,03036,38939,415
75/76B 16,46118,06924,47724,34031,50624,24221,86521,27624,43625,11424,41822,35112,5668,63710,1635,2295,1414,3042,0561,715
75 16,46118,06924,47724,34031,50624,24221,86521,27624,43625,11424,41822,35112,5668,63710,1635,2295,1414,3042,0561,715
65/66B 9,3698,7316,5876,9887,8878,7428,3059,11110,53310,44610,70011,39812,12016,70016,7317,5432,8082,6484,0326,192
65 9,3698,7316,5876,9887,8878,7428,3059,11110,53310,44610,70011,39812,12016,70016,7317,5432,8082,6484,0326,192
9903 14,0253,03411,79013,18498,25346,64456,39321,45280,187151,071100,33883,15619,230-7,846277,1781,60611,89416,68634,41334,938
780 3,0603,0603,0603,0603,060---------------
67/77 10,1045,1649,2934,59527,96513,88517,2198,58815,96346,78838,64231,4386,0181,896-5011,2008,3329458,76610,560
9904 6,9819305,55711,64973,34835,81942,23415,92467,283107,34264,75654,77816,272-6,683188,9484063,56215,74125,64724,378
789 5,9425,9425,9425,9425,9425,9425,9425,9425,9425,9425,9425,9425,9425,942-----6,391
689 --------------172,318---10,50011,000
9905 12,9236,87211,49917,59179,29041,76148,17621,86673,225113,28470,69860,72022,214-74116,6304063,56215,74115,14719,769
Appropriation of the result
9906 12,92318,37211,49917,59179,29041,76148,17621,86673,225113,28470,69860,72022,214-74116,6304063,56215,74115,14719,769
14P 011,499------------------
791/2 17,077111,628-----------741------
691/2 ---17,59129033212,46221,86623,22583,2842,20572022,214-16,6304063,56215,74115,14719,769
6921 ---17,59129033212,46221,86623,22583,2842,20572022,214-16,6304063,56215,74115,14719,769
694/7 30,000130,000--79,00041,42935,714-50,00030,00068,49360,000--------
694 30,000130,000--79,00041,42935,714---68,49360,000--------
695 --------50,00030,000----------
Social balance sheet
9087 5.75.5565.74.24.14.44.75.254.24.143.42.52.52.53.83.3
Hours worked1013 7,3279,2478,20010,1109,6236,1627,0647,5318,220-8,5737,3606,9256,0015,2704,0353,2404,1106,3955,794
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 19 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 04-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 04-06-2026 2026-00144484 PDF
31-12-2024 full format 02-06-2025 2025-00124103 PDF
31-12-2023 full format 03-06-2024 2024-00113593 PDF
31-12-2022 full format 13-06-2023 2023-00129369 PDF
31-12-2021 full format 27-06-2022 2022-20093069 PDF
31-12-2020 full format 06-07-2021 2021-30800564 PDF
31-12-2019 full format 30-07-2020 2020-35800439 PDF
31-12-2018 full format 05-06-2019 2019-15800167 PDF
31-12-2017 full format 12-07-2018 2018-34000174 PDF
31-12-2016 full format 27-07-2017 2017-38800190 PDF
31-12-2015 full format 16-06-2016 2016-20500072 PDF
31-12-2014 full format 04-06-2015 2015-15500124 PDF
31-12-2013 full format 09-07-2014 2014-29600041 PDF
31-12-2012 full format 27-06-2013 2013-24500438 PDF
31-12-2011 full format 20-06-2012 2012-19500580 PDF
31-12-2010 full format 21-06-2011 2011-19200434 PDF
31-12-2009 full format 16-06-2010 2010-18700516 PDF
31-12-2008 full format 24-06-2009 2009-28500229 PDF
31-12-2007 full format 09-07-2008 2008-37400025 PDF
31-12-2006 full format 26-06-2007 2007-28900024 PDF
31-12-2005 full format 26-06-2006 2006-32001995 PDF
31-12-2004 full format 01-07-2005 2005-39804097 PDF
31-12-2003 full format 02-07-2004 2004-38702873 PDF
31-12-2002 full format 02-07-2003 2003-37104756 PDF
31-12-2001 full format 19-06-2002 2002-23703555 PDF
31-12-2000 full format 28-06-2001 2001-28701504 PDF
31-12-1999 full format 29-06-2000 2000-31601725 PDF
31-12-1998 full format 30-06-1999 1999-26703600 PDF
31-12-1997 full format 29-06-1998 1998-24302921 PDF
31-12-1996 full format 26-06-1997 1997-21002936 PDF
31-12-1995 full format 27-06-1996 1996-23804436 PDF
31-12-1994 full format 28-06-1995 1995-30204411 PDF
31-12-1993 full format 23-08-1994 1994-36801378 PDF
31-12-1992 full format 28-06-1993 1993-18200190 PDF
31-12-1991 full format 19-06-1992 1992-12504147 PDF
31-12-1990 full format 26-06-1991 1991-12800681 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
68,19554,35445,44548,437116,03194,334117,31099,455158,782234,248167,583145,97391,33061,81058,347115,36738,50855,21180,65880,577
68,24361,58857,10264,254114,74599,010116,712106,092159,781205,187145,719137,10594,60356,410233,600111,85332,64155,92269,91665,540
9,273120,01190,940139,97616,1296,469026,73686,32748,6505,47547,70191,167108,428203,586622,93840,44318,85829,41827,570
15,59562,112-114,066-186,426104,04113,24362,13616,180-83,18654,40592,12799,845-21,73930,542-41,08082,35329,254-41,912-51,733-
-27,470-27,36694,913169,574295,581300,667280,596233,124191,389172,042187,909157,083169,707178,417238,1172,62166,98067,62952,28323,754
--------------1.2%0.3%0.9%1.5%2.9%3.5%
22.6%25.0%34.2%35.5%30.1%32.9%32.0%31.0%28.8%26.9%30.7%29.5%30.9%32.7%30.6%18.3%52.0%47.0%39.1%32.9%
0.960.951.171.361.501.641.581.491.391.331.381.301.401.591.601.011.401.321.201.08
0.710.750.991.011.211.281.251.201.201.151.211.111.181.321.330.881.071.010.960.92
3.232.821.741.632.051.781.861.942.172.392.022.141.961.812.034.420.881.041.431.98
2.8%0.3%1.4%3.0%19.3%9.3%10.8%4.1%18.2%30.5%15.7%13.2%3.9%-1.7%46.0%0.2%1.6%7.2%12.7%13.8%
0.6%0.1%0.5%1.1%5.8%3.0%3.4%1.3%5.2%8.2%4.8%3.9%1.2%-0.5%14.0%0.0%0.8%3.4%4.9%4.5%
7.286.236.906.9314.71---------------
--------------68 days21 days9 days31 days23 days15 days
--------------41 days36 days11 days28 days41 days42 days

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date65558
full-time54545
part-time11-13
in full-time equivalents5.84.854.85.7
5.75.5565.7
On a permanent contract55558
Joined21-03
Left11-31
Training hours654----

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€9,273€120,011€90,940€139,976€16,129
Financial fixed assets€0----
€61,262€60,658€51,545€52,605€41,397

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ADECOR

The operating result for 2025 is a profit of €6,933, after a loss of €6,304 in 2024. It is the highest result since 2021.

Debt's share of the balance-sheet total rises from 70.5% to 73.1%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, last change in 2023
SP INTERIEUR DESIGN BV
Sole director, permanent representative POLIMENI Stéphanie
since 27-04-2023
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 04-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 14. Pouvoirs de l’organe d’administration 1/. Pouvoir d’administration S’il n’y a qu’un seul administrateur, la totalité des…”
deed of 08-06-2022
Permanent representatives 1
POLIMENI Stéphanie
Permanent representative, for SP INTERIEUR DESIGN
appointed by deed of 11-05-2023

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
SP INTERIEUR DESIGN
Director
POLIMENI Vincenzo
Statutory director
BoardEarliermandate already running before its first mention
Mandates as a list
  • SP INTERIEUR DESIGN
    • Director, since before 31-12-2022
  • POLIMENI Vincenzo
    • Director, until 11-05-2023
    • Statutory director, until 28-06-2023

See the board, name and registered office on a given date →

Control

Parent
SP INTERIEUR DESIGN
Equity €386,553
Profit €73,053 in 2025 (profit €193,547 in 2024)
Source: accounts SP INTERIEUR DESIGN 2025
100%
This company
ADECOR
Equity €245,746
Profit €6,981 in 2025

Capital

Contribution
€18,592.01
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
SP INTERIEUR DESIGN
100%
100%
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 08-06-2022 (in French)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
15 May at 18:00

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 28-06-2023 ↗
Stated in the deed deed of 11-05-2023 ↗
Stated in the deed deed of 08-06-2022 ↗
  • POLIMENI – GUIOT (BE 0785.394.944) 746 shares
  • POLIMENI Stéphanie 2 shares
  • POLIMENI Laurent 2 shares

Network & group

Group

SP INTERIEUR DESIGN has 2 direct subsidiaries (2025 accounts), the bar shows equity in euros
ParentSP INTERIEUR DESIGN2 holdings, 1 country 2025 accounts

Belgium 2 Equity Result

  • BE ADECOR €245,746 result €6,981
  • BE ADECOR TECHNICS €112,726 result €11,984

Source: list of holdings in the 2025 accounts of SP INTERIEUR DESIGN. Every holding stands with its own latest accounts.

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ADECOR-TECHNICS
via SP INTERIEUR DESIGN · Director · deed of 11-05-2023
Founded in 2007 · 3 FTE (2025)
→

Timeline

Timeline

46 events since 1990

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFfull format · 57 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0440845895
Annual accounts 2024 filed PDFfull format · 59 days before the deadline
2024
Annual accounts 2023 filed PDFfull format · 58 days before the deadline
2023
Amendment of the articlesPermanent representative: POLIMENI Stéphanie · Resignation: POLIMENI Vincenzo (statutory director) · Appointment: SP INTERIEUR DESIGN (sole director) · General meeting of 23-06-202310 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · 48 days before the deadline
1 director appointed, 1 resignationAppointment: SP INTERIEUR DESIGN · Resignation: POLIMENI Vincenzo · Permanent representative: Stéphanie POLIMENI · General meeting of 27-04-20236 points ▸

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2021 filed PDFfull format · 34 days before the deadline
Legal-form change · Resignations & appointmentsBoard composition: POLIMENI Vincenzo (statutory director) · Board composition: GUIOT Thérèse Odette Andrée Marie Ghislaine (statutory director) · Board composition: POLIMENI Stéphanie (statutory director) · General meeting of 02-06-20227 points ▸
  • Board composition, POLIMENI Vincenzo (statutory director)
  • Board composition, GUIOT Thérèse Odette Andrée Marie Ghislaine (statutory director)
  • Board composition, POLIMENI Stéphanie (statutory director)
  • General meeting, 02-06-2022
  • POLIMENI – GUIOT holds 746 shares
  • POLIMENI Stéphanie holds 2 shares
  • POLIMENI Laurent holds 2 shares
  • The deed holds 13 more points.

Open the deed in the Belgian Official Gazette

2021
Annual accounts 2020 filed PDFfull format · 25 days before the deadline
2020
Annual accounts 2019 filed PDFfull format · 1 day before the deadline
2019
Annual accounts 2018 filed PDFfull format · 56 days before the deadline
2018
Annual accounts 2017 filed PDFfull format · 19 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 4 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 45 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 57 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 22 days before the deadline
2013
Back to profit net €16,272 The net result is €16,272, after one loss-making year.
Annual accounts 2012 filed PDFfull format · 34 days before the deadline
2012
Weakest financial year net -€6,683 The net result drops to -€6,683, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2011 filed PDFfull format · 41 days before the deadline
2011
Highest result from 2006 to 2025 net €188,948 ▲46,439% The net result of €188,948 is the highest of those years.
Annual accounts 2010 filed PDFfull format · 40 days before the deadline
2010
Annual accounts 2009 filed PDFfull format · 45 days before the deadline
2009
Annual accounts 2008 filed PDFfull format · 37 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 22 days before the deadline
2007
Equity above €200,000 equity €202,523 ▲14.5% With a profit in every financial year since 2006, equity grows to €202,523.
Annual accounts 2006 filed PDFfull format · 35 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFfull format
1995
Annual accounts 1994 filed PDFfull format
1994
Annual accounts 1993 filed PDFfull format
1993
Annual accounts 1992 filed PDFfull format
1992
Annual accounts 1991 filed PDFfull format
1991
Annual accounts 1990 filed PDFfull format
1990
First establishment ADECOR SPRL, Chaussée de Gilly 227, Fleurus
Incorporation published on 13-07-1990

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

ADECOR was incorporated on 15 June 1990.1 Total assets fell from €1.2m in 2018 to €1.1m in 2025 and headcount from 4.4 to 5.7 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0440.845.895
VAT number
BE 0440.845.895
Peppol ID
0208:0440845895
Other Peppol ID
9925:BE0440845895
Legal form
Private limited company
Status
Active, normal situation
Founded
15-06-1990
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
15 May at 18:00
deed of 08-06-2022 (in French)
Peppol
Reachable since 04-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ADECOR in French
Entity type
Legal entity

Activities

NACEBEL 2025
VAT activities
47551 Retail sale of household furniture main activity
31002 Manufacture of furniture
43320 Joinery installation
Social security (RSZ) activities
31004 Manufacture of dining room, living room, bedroom and bathroom furniture main activity
Codes under NACEBEL 2008
VAT activities
47591 Retail trade main activity
31020 Manufacture of furniture
43320 Joinery installation
Social security (RSZ) activities
31091 Manufacture of furniture main activity
Codes under NACEBEL 2003
VAT activities
45421 main activity
36130
Social security (RSZ) activities
36141 main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
ADECOR SPRL registered office Chaussée de Gilly 227, 6220 Fleurus 31004 Manufacture of dining room, living room, bedroom and bathroom furniture 02-07-1990 2.048.747.886

Buildings and parcels at the address

Ground area
785 m²
Buildings
1,861 m²
Volume, LiDAR
6,599 m³
Tallest building
5.2 m
Buildings to scale, each on its own parcel
1,861 m², 5.2 m 1,861 m², 5.2 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
52332C0383/00F004785 m² 1 · 1,861 m² 5.2 m · 1

Contact

E-mail stephanie@adecorcuisines.be establishment in Fleurus
Phone +32 71 35 49 34 establishment in Fleurus

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0440.845.895

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