Equity
ADECS has made a profit without a break since 2021.
ADECS has made a profit without a break since 2021.
The result fell in 2025 from €64,754 to €13,955.
The accounts state no turnover.
Short-term debts fell from €10,800 to €4,823.
Nine of the last ten came late. The 2020 accounts came latest: 30 days after the end of the period.
Higher solvency than 95% of companies in head offices and management consultancy. Sector median 55.5% · 41,228 companies.
In July 2024, 14,768 companies had the same profile as ADECS has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 14,768 companies, not a prediction for ADECS. 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.
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.
| Company | ||||
|---|---|---|---|---|
| ADECS Deinze | €475,431 | €59,140 | 98.8% | - |
| FGC INVEST Deinze | €394,777 | €58,237 | 59.2% | - |
| BuMS Consulting Zottegem | €532,483 | €59,421 | 66.5% | - |
| Lucatec Sint-Niklaas | €537,001 | €61,232 | 62.0% | - |
| TRAXICO Ronse | €412,422 | €60,176 | 86.5% | - |
| VKM Beveren-Kruibeke-Zwijndrecht | €399,502 | €60,658 | 58.7% | - |
| CENTER FOR MANAGEMENT SYSTEMS Buggenhout | €530,147 | €57,113 | 68.3% | - |
These companies have the same main activity as ADECS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €395,000 and €537,000, founded between 2002 and 2007.
ADECS files the micro format. That format states no turnover. The gross margin rose from €38,639 in 2006 to €59,140 in 2025.
The balance sheet grew most from 2007 to 2009 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €91,000 and €150,000.
Higher than 95% of 41,228 companies in 2025.
Higher than 95% of 39,797 companies in 2025.
Higher than 27% of 40,318 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
475,431 | 467,109 | 420,427 | 487,104 | 473,960 | 550,685 | 583,084 | 604,637 | 579,388 | 547,312 | 475,536 | 434,114 | 388,240 | 377,378 | 369,719 | 319,706 | 331,449 | 319,609 | 256,093 | 122,727 | |
21/28 |
192,581 | 231,998 | 261,183 | 269,451 | 177,191 | 181,717 | 186,820 | 220,199 | 243,465 | 252,352 | 221,061 | 218,050 | 233,205 | 238,922 | 262,473 | 207,734 | 177,847 | 194,418 | 176,484 | 44,988 | |
22/27 |
192,553 | 231,970 | 261,155 | 269,423 | 177,163 | 181,689 | 186,792 | 220,171 | 243,437 | 252,324 | 221,033 | 218,022 | 233,177 | 238,894 | 262,445 | 207,706 | 177,819 | 194,390 | 176,456 | 44,960 | |
22 |
118,421 | 126,386 | 134,350 | 139,809 | 135,016 | 139,722 | 151,451 | 166,547 | 173,129 | 188,029 | 201,465 | 195,187 | 204,371 | 218,136 | 231,244 | 180,246 | 151,688 | 142,383 | 142,490 | - | |
23 |
6,267 | 8,911 | 7,686 | 3,408 | 4,800 | 4,600 | 1,767 | 1,778 | 2,419 | 1,689 | 2,442 | 1,417 | 2,484 | 1,733 | 2,053 | 1,354 | 737 | 1,721 | 2,816 | 2,219 | |
24 |
30,951 | 56,564 | 75,667 | 92,465 | 5,428 | 6,822 | 17,523 | 34,568 | 52,152 | 52,464 | 7,857 | 16,000 | 18,810 | 15,358 | 28,748 | 25,506 | 23,721 | 48,540 | 28,531 | 39,248 | |
26 |
36,914 | 40,109 | 43,452 | 33,741 | 31,919 | 30,545 | 16,051 | 17,278 | 15,737 | 10,142 | 9,269 | 5,418 | 7,512 | 3,667 | 400 | 600 | 1,673 | 1,746 | 2,619 | 3,493 | |
28 |
28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | |
29/58 |
282,850 | 235,111 | 159,243 | 217,653 | 296,769 | 368,968 | 396,264 | 384,438 | 335,923 | 294,960 | 254,475 | 216,064 | 155,035 | 138,456 | 107,246 | 111,972 | 153,602 | 125,191 | 79,609 | 77,739 | |
40/41 |
70,178 | 66,390 | 87,822 | 88,841 | 54,890 | 97,038 | 94,885 | 148,584 | 138,113 | 95,066 | 84,748 | 93,992 | 69,675 | 65,292 | 73,844 | 65,164 | 35,330 | 39,711 | 48,662 | 27,602 | |
40 |
32,131 | 35,228 | 67,985 | 88,841 | 48,074 | 89,551 | 44,463 | 104,372 | 133,206 | 90,894 | 81,031 | 82,435 | 67,173 | 62,862 | 72,808 | 61,221 | 29,765 | 17,731 | 48,405 | 27,387 | |
41 |
38,047 | 31,162 | 19,837 | - | 6,816 | 7,487 | 50,422 | 44,212 | 4,907 | 4,172 | 3,717 | 11,557 | 2,502 | 2,430 | 1,036 | 3,943 | 5,565 | 21,980 | 257 | 215 | |
50/53 |
86,655 | 79,696 | 56,234 | 109,170 | 194,884 | 182,367 | 232,444 | 223,400 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | - | - | - | - | |
54/58 |
124,998 | 86,574 | 13,701 | 18,096 | 46,968 | 89,563 | 68,935 | 12,454 | 172,810 | 174,894 | 144,727 | 95,051 | 60,360 | 48,164 | 8,402 | 21,808 | 118,272 | 85,480 | 30,148 | 50,137 | |
490/1 |
1,019 | 2,451 | 1,486 | 1,547 | 27 | - | - | - | - | - | - | 2,021 | - | - | - | - | - | - | 799 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
475,431 | 467,109 | 420,427 | 487,104 | 473,960 | 550,685 | 583,084 | 604,637 | 579,388 | 547,312 | 475,536 | 434,114 | 388,240 | 377,378 | 369,719 | 319,706 | 331,449 | 319,609 | 256,093 | 122,727 | |
10/15 |
469,832 | 455,877 | 392,723 | 459,873 | 458,550 | 498,812 | 577,161 | 567,397 | 525,298 | 452,626 | 375,170 | 315,517 | 249,320 | 198,058 | 157,004 | 102,732 | 96,699 | 93,280 | 69,555 | 46,244 | |
10/11 |
6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | 6,324 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,276 | 12,276 | 12,276 | 12,276 | 12,276 | 12,276 | 12,276 | 12,276 | 12,276 | 12,276 | 12,276 | 12,276 | 12,276 | 12,276 | 12,276 | |
12 |
4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 3,403 | 3,403 | 3,403 | 3,403 | 3,403 | 3,403 | 3,403 | 3,403 | - | - | |
13 |
387,198 | 373,243 | 310,089 | 377,240 | 375,917 | 416,178 | 482,374 | 472,610 | 430,511 | 357,839 | 230,136 | 129,428 | 63,231 | 63,231 | 63,231 | 63,231 | 63,231 | 63,231 | 63,231 | 39,920 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
387,198 | 373,243 | 310,089 | 375,380 | 374,057 | 414,318 | 480,514 | 470,750 | 428,651 | 355,979 | 228,276 | 127,568 | 61,371 | 61,371 | 61,371 | 61,371 | 61,371 | 61,371 | 61,371 | 38,060 | |
14 |
71,893 | 71,893 | 71,893 | 71,893 | 71,893 | 71,893 | 84,046 | 84,046 | 84,046 | 84,046 | 135,307 | 176,362 | 176,362 | 125,100 | 84,046 | 29,774 | 23,741 | 20,322 | - | - | |
17/49 |
5,599 | 11,232 | 27,704 | 27,231 | 15,410 | 51,873 | 5,923 | 37,240 | 54,090 | 94,686 | 100,366 | 118,597 | 138,920 | 179,320 | 212,715 | 216,974 | 234,750 | 226,329 | 186,538 | 76,483 | |
17 |
- | - | - | - | - | - | - | - | 20,000 | 40,000 | 60,000 | 80,000 | 100,791 | 128,349 | 155,629 | 172,909 | 191,703 | 179,120 | 152,059 | 25,057 | |
170/4 |
- | - | - | - | - | - | - | - | 20,000 | 40,000 | 60,000 | 80,000 | 100,791 | 128,349 | 155,629 | 172,909 | 191,703 | 179,120 | 152,059 | 25,057 | |
42/48 |
4,823 | 10,800 | 27,704 | 27,231 | 15,370 | 19,919 | 5,923 | 37,240 | 33,916 | 54,686 | 40,331 | 38,555 | 38,092 | 50,971 | 57,062 | 44,018 | 42,992 | 44,379 | 33,282 | 50,656 | |
42 |
- | - | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,791 | 27,557 | 27,281 | 27,014 | 35,695 | 31,093 | 29,363 | 22,346 | 11,796 | |
44 |
1,233 | 1,703 | 14,376 | 5,496 | 2,104 | 8,242 | 987 | 2,043 | 7,262 | 3,112 | 5,603 | 2,531 | 2,325 | 5,251 | 3,428 | 2,872 | 1,672 | 11,027 | 4,562 | 1,871 | |
440/4 |
1,233 | 1,703 | 14,376 | 5,496 | 2,104 | 8,242 | 987 | 2,043 | 7,262 | 3,112 | 5,603 | 2,531 | 2,325 | 5,251 | 3,428 | 2,872 | 1,672 | 11,027 | 4,562 | 1,871 | |
45 |
3,590 | 8,522 | 11,500 | 18,038 | 11,093 | 11,645 | 2,118 | 13,448 | 5,011 | 31,574 | 10,951 | 15,233 | 6,733 | 9,432 | 13,231 | 3,430 | 6,066 | 1,771 | 3,399 | 26,995 | |
450/3 |
3,590 | 8,522 | 11,500 | 18,038 | 11,093 | 11,645 | 2,118 | 13,448 | 5,011 | 31,574 | 10,951 | 15,233 | 6,733 | 9,432 | 13,231 | 3,430 | 6,066 | 1,771 | 3,399 | 26,995 | |
47/48 |
- | 575 | 1,827 | 3,697 | 2,172 | 32 | 2,818 | 1,749 | 1,643 | - | 3,777 | - | 1,477 | 9,007 | 13,389 | 2,021 | 4,161 | 2,218 | 2,975 | 9,994 | |
492/3 |
776 | 432 | - | - | 40 | 31,954 | - | - | 174 | - | 35 | 42 | 37 | - | 24 | 47 | 55 | 2,830 | 1,197 | 770 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | 19,178 | - | - | - | - | 6,877 | 9,400 | - | - | 2,684 | 607 | 4,546 | - | 816 | - | - | - | |
9900 |
59,140 | 113,761 | 82,949 | 176,871 | 57,983 | 18,611 | 56,016 | 106,724 | 168,083 | 174,375 | 140,807 | 144,442 | 110,758 | 102,608 | 127,080 | 53,332 | 39,202 | 69,901 | 57,951 | 38,639 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,639 | |
630 |
28,115 | 33,138 | 31,555 | 15,030 | 10,314 | 30,086 | 35,156 | 36,217 | 39,700 | 35,184 | 28,203 | 29,666 | 29,011 | 31,132 | 30,987 | 25,079 | 18,098 | 25,141 | 20,682 | 13,070 | |
640/8 |
1,588 | 1,725 | 3,487 | 3,034 | 2,617 | 2,380 | 1,616 | 3,014 | 2,750 | 2,547 | 4,521 | 3,013 | 3,960 | 3,645 | 8,824 | 4,923 | 5,083 | 1,439 | 1,712 | 3,901 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | 482 | - | - | 1,196 | - | - | - | - | - | |
9901 |
29,436 | 78,897 | 47,907 | 158,807 | 45,051 | -13,855 | 19,244 | 67,493 | 125,633 | 136,644 | 108,083 | 111,763 | 77,787 | 67,831 | 87,269 | 23,330 | 16,021 | 43,321 | 35,557 | 20,029 | |
75/76B |
337 | 12,632 | 11,007 | 1,610 | 1,496 | 1,894 | 2,034 | 696 | 166 | 207 | 715 | 923 | 645 | 622 | 520 | 624 | 1,086 | 537 | 257 | 216 | |
75 |
337 | 12,632 | 625 | 1,610 | 1,496 | 1,894 | 2,034 | 696 | 166 | 207 | 715 | 923 | 645 | 622 | 520 | 624 | 1,086 | 537 | 257 | 216 | |
76B |
- | - | 10,382 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
8,149 | 634 | 12 | 616 | 140 | 50 | 617 | 3,228 | 2,518 | 3,465 | 4,383 | 5,586 | 6,785 | 8,014 | 9,456 | 10,171 | 9,692 | 10,345 | 1,536 | 1,186 | |
65 |
980 | 634 | 12 | 616 | 140 | 50 | 617 | 3,228 | 2,518 | 3,465 | 4,383 | 5,586 | 6,785 | 8,014 | 9,456 | 10,171 | 9,692 | 10,345 | 1,536 | 1,186 | |
66B |
7,169 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
21,624 | 90,895 | 58,901 | 159,801 | 46,408 | -12,011 | 20,661 | 64,961 | 123,281 | 133,386 | 104,415 | 106,618 | 74,331 | 61,046 | 81,683 | 13,783 | 8,231 | 33,513 | 34,278 | 19,059 | |
67/77 |
7,669 | 26,141 | 17,428 | 47,404 | 11,384 | 142 | 9,273 | 21,262 | 50,609 | 56,944 | 44,762 | 40,421 | 23,069 | 19,992 | 27,401 | 7,750 | 4,812 | 13,191 | 10,967 | 6,330 | |
9904 |
13,955 | 64,754 | 41,473 | 112,397 | 35,023 | -12,153 | 11,388 | 43,699 | 72,672 | 76,442 | 59,653 | 66,197 | 51,262 | 41,054 | 54,282 | 6,033 | 3,419 | 20,322 | 23,311 | 12,729 | |
9905 |
13,955 | 64,754 | 41,473 | 112,397 | 35,023 | -12,153 | 11,388 | 43,699 | 72,672 | 76,442 | 59,653 | 66,197 | 51,262 | 41,054 | 54,282 | 6,033 | 3,419 | 20,322 | 23,311 | 12,729 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
85,848 | 136,646 | 113,365 | 184,289 | 106,916 | 71,893 | 95,434 | 127,745 | 156,718 | 211,749 | 236,015 | 242,559 | 176,362 | 125,100 | 84,046 | 29,774 | 23,741 | 20,322 | 23,311 | 12,729 | |
14P |
71,893 | 71,893 | 71,893 | 71,893 | 71,893 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | 107,024 | 109,474 | 73,684 | 66,196 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
13,955 | 63,154 | 39,873 | 110,797 | 33,423 | - | 9,764 | 42,099 | 72,672 | 127,703 | 100,708 | 66,197 | - | - | - | - | - | - | 23,311 | 12,729 | |
6921 |
13,955 | 63,154 | 39,873 | 110,797 | 33,423 | - | 9,764 | 42,099 | 72,672 | 127,703 | 100,708 | 66,197 | - | - | - | - | - | - | 23,311 | 12,729 | |
694/7 |
- | 1,600 | 108,624 | 111,074 | 75,284 | 66,196 | 1,624 | 1,600 | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | 1,600 | 108,624 | 111,074 | 75,284 | 66,196 | 1,624 | 1,600 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.1 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 144 | |
| Document | |||||||||||||||||||||
The accounts for financial year 2005 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00494890.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00494890 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00440207 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00398890 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00402650 | |
| 31-12-2021 | abbreviated format | 18-08-2022 | 2022-20298205 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-57200329 | |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-46500345 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56400351 | |
| 31-12-2017 | abbreviated format | 31-07-2018 | 2018-41100145 | |
| 31-12-2016 | abbreviated format | 11-08-2017 | 2017-42700383 | |
| 31-12-2015 | abbreviated format | 11-08-2016 | 2016-42000258 | |
| 31-12-2014 | abbreviated format | 27-08-2015 | 2015-48500285 | |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-49700026 | |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-52100469 | |
| 31-12-2011 | abbreviated format | 29-08-2012 | 2012-47700204 | |
| 31-12-2010 | abbreviated format | 29-07-2011 | 2011-35200221 | |
| 31-12-2009 | abbreviated format | 27-07-2010 | 2010-36200088 | |
| 31-12-2008 | abbreviated format | 08-07-2009 | 2009-38800013 | |
| 31-12-2007 | abbreviated format | 04-08-2008 | 2008-53300256 | |
| 31-12-2006 | abbreviated format | 30-07-2007 | 2007-50800043 | |
| 31-12-2005 | abbreviated format | 26-07-2006 | 2006-52401355 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57,552 | 112,035 | 79,462 | 173,837 | 55,366 | 16,231 | 54,400 | 103,710 | 165,333 | 171,828 | 136,286 | 141,429 | 106,798 | 98,963 | 118,256 | 48,409 | 34,119 | 68,462 | 56,239 | 33,099 | ||
| 42,071 | 97,892 | 73,028 | 127,426 | 45,338 | 17,933 | 46,544 | 79,916 | 112,372 | 111,626 | 87,856 | 95,863 | 80,273 | 72,186 | 85,269 | 31,112 | 21,517 | 45,463 | 43,993 | 25,799 | ||
| -11,301 | 3,953 | 23,288 | 107,290 | 5,789 | 24,983 | 1,777 | 12,951 | 33,854 | 65,461 | 31,214 | 24,851 | 25,997 | 7,581 | 86,922 | 54,966 | 15,363 | 39,672 | 152,178 | 39,511 | ||
| 38,424 | 72,873 | -4,395 | -28,873 | -42,595 | 20,628 | 56,481 | -160,356 | -2,084 | 30,167 | 49,676 | 34,691 | 12,196 | 39,762 | -13,406 | -96,464 | 32,792 | 55,332 | -19,989 | - | ||
| 278,027 | 224,311 | 131,539 | 190,423 | 281,399 | 349,049 | 390,341 | 347,198 | 302,007 | 240,274 | 214,144 | 177,509 | 116,943 | 87,485 | 50,184 | 67,954 | 110,610 | 80,812 | 46,327 | 27,083 | ||
| 98.8% | 97.6% | 93.4% | 94.4% | 96.7% | 90.6% | 99.0% | 93.8% | 90.7% | 82.7% | 78.9% | 72.7% | 64.2% | 52.5% | 42.5% | 32.1% | 29.2% | 29.2% | 27.2% | 37.7% | ||
| 58.65 | 21.77 | 5.75 | 7.99 | 19.31 | 18.52 | 66.90 | 10.32 | 9.90 | 5.39 | 6.31 | 5.60 | 4.07 | 2.72 | 1.88 | 2.54 | 3.57 | 2.82 | 2.39 | 1.53 | ||
| 0.01 | 0.02 | 0.07 | 0.06 | 0.03 | 0.10 | 0.01 | 0.07 | 0.10 | 0.21 | 0.27 | 0.38 | 0.56 | 0.91 | 1.35 | 2.11 | 2.43 | 2.43 | 2.68 | 1.65 | ||
| 3.0% | 14.2% | 10.6% | 24.4% | 7.6% | -2.4% | 2.0% | 7.7% | 13.8% | 16.9% | 15.9% | 21.0% | 20.6% | 20.7% | 34.6% | 5.9% | 3.5% | 21.8% | 33.5% | 27.5% | ||
| 2.9% | 13.9% | 9.9% | 23.1% | 7.4% | -2.2% | 2.0% | 7.2% | 12.5% | 14.0% | 12.5% | 15.2% | 13.2% | 10.9% | 14.7% | 1.9% | 1.0% | 6.4% | 9.1% | 10.4% | ||
| 58.75 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | €200,000 | €200,000 | €200,000 | €200,000 |
| Carrying value of the mortgaged assets | - | €108,371 | €116,036 | €121,195 | €116,102 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,953 | €23,288 | €107,290 | €5,789 |
| €28,115 | €33,138 | €31,555 | €15,030 | €10,314 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 63% lower than in 2024 and the lowest since 2020.
Debt's share of the balance-sheet total falls from 2.4% to 1.2%. Equity is higher and debt is lower.
ADECS has no parent and no holdings in its annual accounts. ADECS shares no director with another company.
| WALBURGIS
establishment since 17-02-2025 · founded in 2025 · negative equity (2025) |
total assets €1.3m (2025) 1020.087.236 |
| De Poekebeek
registered office since 19-06-2008 |
founded in 2008 0723.634.846 |
| Beyens, Barbara (sole trader)
establishment since 07-02-2002 |
founded in 2002 0782.198.201 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Graaf van Hoornestraat 1 registered office 9850 Deinze 82990 Other business support services | 01-03-2005 | 2.145.494.203 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44049E0965/00M003 | 767 m² | 1 · 205 m² | 6.5 m · 1 |
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