ADEFO
ActiveSummary
The computed 12-month bankruptcy probability of ADEFO is 4.6% (elevated). The 2024 annual accounts show negative equity (-€8,830) and a net result of -€824. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 166 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,570 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €319 | €80 | - | - | - | - |
| Other operating charges640/8 | - | €968 | - | - | - | - |
| Gross operating margin9900 | -€14,756 | -€6,908 | -€436 | -€895 | -€732 | ▲ 18.3% |
| Operating profit (loss)9901 | -€15,082 | -€7,955 | -€436 | -€895 | -€732 | ▲ 18.3% |
| Financial income75/76B | - | - | €132 | - | - | - |
| Recurring financial income75 | €792 | - | €132 | - | - | - |
| Financial charges65/66B | - | €112 | €128 | €84 | €92 | ▲ 9.6% |
| Recurring financial charges65 | €50 | €112 | €128 | €84 | €92 | ▲ 9.6% |
| Profit (loss) for the period before taxes9903 | -€14,339 | -€8,067 | -€432 | -€980 | -€824 | ▲ 15.9% |
| Income taxes67/77 | - | - | €1,091 | - | - | - |
| Profit (loss) for the period9904 | -€14,339 | -€8,067 | -€1,523 | -€980 | -€824 | ▲ 15.9% |
| Profit (loss) for the period to be appropriated9905 | -€14,339 | -€8,067 | -€1,523 | -€980 | -€824 | ▲ 15.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,944 | €19,652 | €18,122 | €17,142 | €15,778 | ▼ 8.0% |
| Fixed assets21/28 | €80 | - | - | - | - | - |
| Tangible fixed assets22/27 | €80 | - | - | - | - | - |
| Current assets29/58 | €27,864 | €19,652 | €18,122 | €17,142 | €15,778 | ▼ 8.0% |
| Amounts receivable within one year40/41 | €27,857 | €19,618 | €18,116 | €17,059 | €15,537 | ▼ 8.9% |
| Trade receivables40 | - | €1,305 | €1,430 | €1,430 | €1,430 | = |
| Other amounts receivable41 | - | €18,313 | €16,686 | €15,629 | €14,107 | ▼ 9.7% |
| Cash at bank and in hand54/58 | €7 | €34 | €6 | €84 | €242 | ▲ 189% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,944 | €19,652 | €18,122 | €17,142 | €15,778 | ▼ 8.0% |
| Equity10/15 | €2,564 | -€5,503 | -€7,026 | -€8,006 | -€8,830 | ▼ 10.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€16,036 | -€24,103 | -€25,626 | -€26,606 | -€27,430 | ▼ 3.1% |
| Amounts payable17/49 | €25,380 | €25,155 | €25,148 | €25,148 | €24,608 | ▼ 2.1% |
| Amounts payable within one year42/48 | €25,380 | €25,155 | €25,148 | €25,148 | €24,608 | ▼ 2.1% |
| Trade debts44 | €24,615 | €24,615 | €24,608 | €24,608 | €24,608 | = |
| Suppliers440/4 | - | €24,615 | €24,608 | €24,608 | €24,608 | = |
| Taxes, remuneration and social security45 | - | €540 | €540 | €540 | - | - |
| Taxes450/3 | - | €540 | €540 | €540 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,339 | -€8,067 | -€1,523 | -€980 | -€824 | ▲ 15.9% |
| + Depreciation and write-downs630 | €319 | €80 | - | - | - | - |
| Operating cash flow (approximation) | -€14,020 | -€7,987 | -€1,523 | -€980 | -€824 | ▲ 15.9% |
| Change in cash | - | €27 | -€28 | €77 | €158 | ▲ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
07-09
State Gazette act
Registered office · Legal-form changeRegistered-office move · Power of attorney3 facts ▸
- General meeting, 24-08-2026
- Registered-office move, Chaussée d'Alsemberg 347, 1190 Bruxelles
- Power of attorney
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0035/00G011 | Brussels | 219 m² | 1 · 110 m² | 15.9 m · 5 fl. |
| 21616G0030/00K015 | Brussels | 183 m² | 1 · 68 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Articles of association
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.