ADEKSPO
ActiveADEKSPO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45k and a net result of €-2k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability40▼-4
Solvency39▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.89 against 1.19 in 2023; short-term debt: 31.5% and cash: 16.2% of total assets), and 86.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
13.9%
Return on assets
-0.7%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 37959 sector peers (2024).
NBB · sector comparisonPosition among 37959 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
22 d late
2022
10 d late
2021
31 d late
2020
25 d early
2019
25 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€45k▼ 5.1%
2023 · €47k
2018: €21k
2019: €27k
2020: €30k
2021: €20k
2022: €44k
2023: €47k
2018 → 2024
Total assets
€322k▲ 5.5%
2023 · €306k
2018: €31k
2019: €37k
2020: €47k
2021: €272k
2022: €332k
2023: €306k
2018 → 2024
Net result
€-2k
2023 · €3k
2018: €-535
2019: €5k
2020: €4k
2021: €-10k
2022: €24k
2023: €3k
2018 → 2024
Working capital
€-11k
2023 · €13k
2018: €16k
2019: €20k
2020: €24k
2021: €-4k
2022: €-2k
2023: €13k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€30k-€20k▼ 34.2%€44k▲ 124%€47k▲ 6.5%€45k▼ 5.1%
Operating result€4k-€-7k€37k€14k▼ 63.1%€8k▼ 41.8%
Net result€4k-€-10k€24k€3k▼ 88.2%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €322k
Fixed assets
€232k▲ 4.3%
Current assets
€91k▲ 8.9%
Equity and liabilities €322k
Equity
€45k▼ 5.1%
Debt
€278k▲ 7.5%
The debt ratio rises from 84.6% to 86.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24k▼
2023 · €28k
Cash flow
€14k▼
2023 · €18k
Solvency
13.9%▼
2023 · 15.4%
Current ratio
0.89▼
2023 · 1.19
Quick ratio
0.73▼
2023 · 0.96
Debt / equity
6.20▲
2023 · 5.48
ROE
-5.3%▼
2023 · 6.1%
ROA
-0.7%▼
2023 · 0.9%
Interest coverage
2.67▼
2023 · 2.92
Debt
€278k▲
2023 · €258k
Debt ≤ 1 year
€102k▲
2023 · €70k
Debt > 1 year
€176k▼
2023 · €188k
Income taxes
€1k▲
2023 · €917
Staff costs
€106k▲
2023 · €78k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€306k€322k▲
Fixed assets21/28€222k€232k▲
Tangible fixed assets22/27€222k€232k▲
Land and buildings22€214k€215k▲
Plant, machinery and equipment23€4k€6k▲
Furniture and vehicles24€4k€11k▲
Current assets29/58€83k€91k▲
Stocks and contracts in progress3€16k€17k▲
Stocks30/36€16k€17k▲
Amounts receivable within one year40/41€33k€20k▼
Trade receivables40€33k€20k▼
Other amounts receivable41€572€5▼
Cash at bank and in hand54/58€34k€52k▲
Deferred charges and accrued income490/1€65€2k▲
Equity and liabilities
Total equity and liabilities10/49€306k€322k▲
Equity10/15€47k€45k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€41k€39k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€39k€37k▼
Amounts payable17/49€258k€278k▲
Amounts payable after more than one year17€188k€176k▼
Financial debts170/4€188k€176k▼
Trade debts175-€196
Amounts payable within one year42/48€70k€102k▲
Current portion of amounts payable after more than one year42€16k€19k▲
Trade debts44€40k€47k▲
Suppliers440/4€40k€47k▲
Taxes, remuneration and social security45€7k€20k▲
Taxes450/3€1k€2k▲
Remuneration and social security454/9€6k€18k▲
Other amounts payable47/48€7k€15k▲
Income statement
Code20232024
Remuneration, social security and pensions62€78k€106k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A-€100
Gross operating margin9900€110k€132k▲
Operating profit (loss)9901€14k€8k▼
Financial income75/76B€20€45▲
Recurring financial income75€20€45▲
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€4k€-1k▼
Income taxes67/77€917€1k▲
Profit (loss) for the period9904€3k€-2k▼
Profit (loss) for the period to be appropriated9905€3k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-2k▼
Transfer from equity791/2-€2k
Transfer to equity691/2€3k-
To other reserves6921€3k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-10k ▼388%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Niel · 2 establishment units since 2014
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.
Armand De Weerdtstraat 252845 NielGround area
496 m²
Building footprint
239 m²
Volume, LiDAR
1,857 m³
2 parcels, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
ADEKSPO
since 20142.225.899.283
Glowines
since 20212.319.349.182
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11030B0362/00A003 | Flanders | 333 m² | 1 · 98 m² | 8.4 m · 2 fl. |
| 11030A0516/00M000 | Flanders | 163 m² | 1 · 141 m² | 12.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteNiel2.225.899.283
Similar companies · same sector, comparable size
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BE 1009.915.203
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FJUL
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COLOMA CONSULT
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S4 Solutions
BE 1021.621.420
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IMMOBILIER et INNOVATION
BE 0461.954.481
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 37,489 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2014
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
96021Hairdressing
96210Hairdressing and barber services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.