ADECOR-TECHNICS
ActiveSummary
ADECOR-TECHNICS has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €112,726 and a net result of €11,984. Equity remains stable across the filed financial years (±0.1% per year). Its solvency ranks better than 72% of 332 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 3 FTE
- Equity
- €112,726
- Profit
- €11,984
- Parent
- SP INTERIEUR DESIGN · 100%
- SP INTERIEUR DESIGNDirector · permanent representative Stéphanie POLIMENI
Why 94raises riskSector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)lowers riskLiquidity: current ratio 2.24, cash €47,613, halvedFounded in 2007Equity €112,726 (66.5% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 16, micro): better than 73% on solvency, 71% on liquidity, 31% on profitability and 35% on growth.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 32 days before the deadline; the sector median (NACE 16) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 12% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,693 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €162,778 | €163,637 | €124,230 | €159,320 | €189,859 | ▲ 19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,997 | €3,997 | €3,997 | €3,997 | €3,997 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €149 | €149 | €149 | €536 | €845 | ▲ 57.7% |
| Non-recurring operating charges66A | - | - | - | €25 | - | - | - | - | - |
| Gross operating margin9900 | €220,563 | €171,892 | €175,841 | €228,943 | €163,449 | €128,997 | €174,757 | €207,320 | ▲ 18.6% |
| Operating profit (loss)9901 | €69,560 | €13,224 | €31,339 | €61,994 | -€4,334 | €622 | €14,900 | €16,615 | ▲ 11.5% |
| Recurring financial income75 | - | €313 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €61 | €296 | €51 | -€110 | €150 | - |
| Recurring financial charges65 | €190 | €122 | €597 | €61 | €296 | €51 | -€110 | €150 | - |
| Profit (loss) for the period before taxes9903 | €69,370 | €13,415 | €30,742 | €61,933 | -€4,630 | €570 | €15,010 | €16,465 | ▲ 9.7% |
| Income taxes67/77 | €14,444 | €1,921 | €5,285 | €8,564 | - | - | €3,290 | €4,482 | ▲ 36.2% |
| Profit (loss) for the period9904 | €54,925 | €11,493 | €25,457 | €53,369 | -€4,630 | €570 | €11,720 | €11,984 | ▲ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €54,925 | €11,493 | €25,457 | €53,369 | -€4,630 | €570 | €11,720 | €11,984 | ▲ 2.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €172,231 | €135,824 | €163,751 | €209,231 | €128,815 | €138,509 | €224,823 | €169,551 | ▼ 24.6% |
| Fixed assets21/28 | - | €15,987 | €11,991 | €7,994 | €3,997 | - | €42,294 | €42,294 | = |
| Tangible fixed assets22/27 | - | €15,987 | €11,991 | €7,994 | €3,997 | - | €42,294 | €42,294 | = |
| Furniture and vehicles24 | - | - | - | €7,994 | €3,997 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | - | - | €42,294 | €42,294 | = |
| Current assets29/58 | €172,231 | €119,836 | €151,760 | €201,237 | €124,818 | €138,509 | €182,529 | €127,257 | ▼ 30.3% |
| Stocks and contracts in progress3 | €21,609 | €25,343 | €38,561 | €27,888 | €27,043 | €22,830 | €8,029 | €14,570 | ▲ 81.5% |
| Stocks30/36 | - | - | - | €27,888 | €27,043 | €22,830 | €8,029 | €14,570 | ▲ 81.5% |
| Amounts receivable within one year40/41 | €75,374 | €7,325 | €2,588 | €32,537 | €16,243 | €52,181 | €68,528 | €64,103 | ▼ 6.5% |
| Trade receivables40 | - | - | - | €31,101 | €16,243 | €29,807 | €49,312 | €40,573 | ▼ 17.7% |
| Other amounts receivable41 | - | - | - | €1,436 | - | €22,374 | €19,216 | €23,529 | ▲ 22.4% |
| Cash at bank and in hand54/58 | €75,247 | €87,168 | €110,611 | €140,812 | €81,533 | €62,644 | €105,059 | €47,613 | ▼ 54.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €853 | €912 | €971 | ▲ 6.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €172,231 | €135,824 | €163,751 | €209,231 | €128,815 | €138,509 | €224,823 | €169,551 | ▼ 24.6% |
| Equity10/15 | €104,763 | €116,257 | €116,713 | €117,082 | €112,453 | €113,023 | €112,743 | €112,726 | = |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €86,163 | €97,657 | €98,113 | €98,482 | €93,853 | €93,853 | €93,853 | €93,853 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €96,622 | €91,993 | €91,993 | €91,993 | €91,993 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | €570 | €290 | €274 | ▼ 5.6% |
| Amounts payable17/49 | €67,467 | €19,567 | €47,038 | €92,149 | €16,363 | €25,486 | €112,081 | €56,825 | ▼ 49.3% |
| Amounts payable within one year42/48 | €67,467 | €19,567 | €47,038 | €92,149 | €16,363 | €25,486 | €112,081 | €56,825 | ▼ 49.3% |
| Trade debts44 | €8,202 | - | €4,735 | €5,390 | €98 | €12,958 | €66,176 | €9,372 | ▼ 85.8% |
| Suppliers440/4 | - | - | - | €5,390 | €98 | €12,958 | €66,176 | €9,372 | ▼ 85.8% |
| Advances received on contracts in progress46 | - | - | - | €22,731 | €11,459 | €11,463 | €29,256 | €27,681 | ▼ 5.4% |
| Taxes, remuneration and social security45 | - | - | - | €8,442 | €4,806 | €1,065 | €4,649 | €7,772 | ▲ 67.2% |
| Taxes450/3 | - | - | - | €3,294 | €4,806 | - | €4,649 | €7,772 | ▲ 67.2% |
| Remuneration and social security454/9 | - | - | - | €5,149 | - | €1,065 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €55,585 | - | - | €12,000 | €12,000 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,925 | €11,493 | €25,457 | €53,369 | -€4,630 | €570 | €11,720 | €11,984 | ▲ 2.3% |
| + Depreciation and write-downs630 | - | €3,997 | €3,997 | €3,997 | €3,997 | €3,997 | €0 | - | - |
| Operating cash flow (approximation) | €54,925 | €15,490 | €29,454 | €57,366 | -€633 | €4,567 | €11,720 | €11,984 | ▲ 2.3% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - | - | €0 | - |
| Change in cash | - | €11,921 | €23,443 | €30,201 | -€59,280 | -€18,888 | €42,415 | -€57,447 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-06-2026 | 2026-00194629 |
| 31-12-2024 | full format | 12-06-2025 | 2025-00141734 |
| 31-12-2023 | full format | 13-06-2024 | 2024-00134451 |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00234143 |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20111821 |
| 31-12-2020 | micro format | 06-07-2021 | 2021-30800554 |
| 31-12-2019 | micro format | 30-07-2020 | 2020-35800436 |
| 31-12-2018 | micro format | 09-07-2019 | 2019-30000410 |
| 31-12-2017 | micro format | 12-07-2018 | 2018-34000142 |
| 31-12-2016 | micro format | 27-07-2017 | 2017-38800175 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SP INTERIEUR DESIGN |
|
| POLIMENI Vincenzo |
|
Owners and capital
Owners
1 ownerChain of control
- SP INTERIEUR DESIGN
- ADECOR-TECHNICS
Highest known parent: SP INTERIEUR DESIGN. The sources do not say who stands above it.
Owners 1
-
100%
According to the 2024 annual accounts of ADECOR-TECHNICS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- SP INTERIEUR DESIGN (BE 0799.911.488) all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
28-06
Gazette deed
Permanent representative: POLIMENI StéphanieResignation: POLIMENI Vincenzo (statutory director) · Shareholding · Director discharge11 facts ▸
- General meeting, 23-06-2023
- Permanent representative, POLIMENI Stéphanie (2 times)
- Shareholding, “parts”, 186 (deed in French)
- Board composition, SP INTERIEUR DESIGN (sole director) (2 times)
- Other provision, “convocations, unique actionnaire, également unique administrateur” (deed in French)
- Other provision, “Modification de l’article 13 des statuts, Mission au notaire soussigné d’établir et de déposer la coordination des statuts” (deed in French)
- Director resignation, POLIMENI Vincenzo (statutory director)
- Director discharge, POLIMENI Vincenzo
- Amendment of the articles, 13
- Other provision, “sans limitation de durée, non-application et suppression de la substitution comme administrateur statutaire” (deed in French) (2 times)
- Other provision, “votes et clôture, unanimité” (deed in French)
11-05
Gazette deed
Appointment: SRL SP INTERIEUR DESIGN (director)Resignation: POLIMENI Vincenzo (director) · Permanent representative: Stéphanie POLIMENI · Shareholding9 facts ▸
- General meeting, 27-04-2023
- Shareholding, 27-04-2023, “actions” (deed in French)
- Other provision, “validité de l'assemblée, statuts” (deed in French)
- Director appointment, SRL SP INTERIEUR DESIGN (director)
- Director resignation, POLIMENI Vincenzo (director)
- Director discharge, POLIMENI Vincenzo
- Permanent representative, Stéphanie POLIMENI
- Approval, “unanimité, conclusion de la convention de rémunération” (deed in French)
- Other provision, “unanimité, date d'effet des démissions/nominations” (deed in French)
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0893.835.501
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52332C0383/00F004 | Wallonia | 785 m² | 1 · 1,861 m² | 5.2 m · 1 |
How the parcels are linked
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 28-06-2023
Read from the deeds: 1 provision, deed of 28-06-2023