ADEL
ActiveSummary
ADEL has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€3,940) and a net result of -€4,309. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability5▲+5
Solvency15▼-16
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.76 against 0.32 in 2023; short-term debt: 109.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-10.4%
Return on assets
-11.4%
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€3,940
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d early
2023
62 d early
2022
16 d late
2021
2 d early
2020
16 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€3,940
2023 · €369
Total assets
€37,850▲ 496%
2023 · €6,347
Net result
-€4,309▲ 77.4%
2023 · -€19,027
Working capital
-€9,728▼ 141%
2023 · -€4,042
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€5,719▼ 21.9%€2,662▼ 53.5%€11,279▲ 324%-€18,440-€2,484▲ 86.5%
Net result€5,177▼ 9.8%€2,068▼ 60.1%€10,602▲ 413%-€19,027-€4,309▲ 77.4%
Equity€7,323▲ 241%€9,391▲ 28.2%€19,993▲ 113%€369▼ 98.2%-€3,940
Total assets€8,984▲ 13.2%€9,443▲ 5.1%€21,701▲ 130%€6,347▼ 70.8%€37,850▲ 496%
Debt€1,661▼ 71.3%€52▼ 96.9%€1,708▲ 3,171%€5,978▲ 250%€41,790▲ 599%
Working capital€7,323▲ 346%€9,391▲ 28.2%€19,993▲ 113%-€4,042-€9,728▼ 141%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,484 in 2024 against €18,440 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37,850
Fixed assets
€6,214 ▲ 40.9%
Current assets
€31,636 ▲ 1,534%
Key figures and ratios
EBITDA
-€814▲
2023 · -€17,851
Cash flow
-€2,639▲
2023 · -€18,438
Solvency
-10.4%▼
2023 · 5.8%
Current ratio
0.76▲
2023 · 0.32
Debt to equity
-10.61
ROA
-11.4%▲
2023 · -299.8%
Interest coverage
-0.45▲
2023 · -30.29
Debt ≤ 1 year
€41,364▲
2023 · €5,978
Staff costs
€4,202
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €4,202 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €504 | - | - | €589 | €1,670 | ▲ 183% |
| Other operating charges640/8 | - | €272 | €274 | €953 | €1,206 | ▲ 26.5% |
| Gross operating margin9900 | €6,276 | €2,933 | €11,553 | -€16,898 | €4,593 | ▲ 127% |
| Operating profit (loss)9901 | €5,719 | €2,662 | €11,279 | -€18,440 | -€2,484 | ▲ 86.5% |
| Financial income75/76B | - | €13 | - | €3 | €0 | ▼ 99.0% |
| Recurring financial income75 | €0 | €13 | - | €3 | €0 | ▼ 99.0% |
| Financial charges65/66B | - | €607 | €513 | €589 | €1,825 | ▲ 210% |
| Recurring financial charges65 | €427 | €607 | €513 | €589 | €1,825 | ▲ 210% |
| Profit (loss) for the period before taxes9903 | €5,291 | €2,068 | €10,766 | -€19,027 | -€4,309 | ▲ 77.4% |
| Income taxes67/77 | €114 | - | €164 | - | - | - |
| Profit (loss) for the period9904 | €5,177 | €2,068 | €10,602 | -€19,027 | -€4,309 | ▲ 77.4% |
| Profit (loss) for the period to be appropriated9905 | €5,177 | €2,068 | €10,602 | -€19,027 | -€4,309 | ▲ 77.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,984 | €9,443 | €21,701 | €6,347 | €37,850 | ▲ 496% |
| Fixed assets21/28 | €0 | €0 | €0 | €4,411 | €6,214 | ▲ 40.9% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | €2,967 | - |
| Tangible fixed assets22/27 | €0 | €0 | €0 | €4,411 | €3,247 | ▼ 26.4% |
| Land and buildings22 | - | €0 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | €0 | €0 | - | - | - |
| Furniture and vehicles24 | - | €0 | €0 | €4,411 | €3,247 | ▼ 26.4% |
| Current assets29/58 | €8,984 | €9,443 | €21,701 | €1,936 | €31,636 | ▲ 1,534% |
| Stocks and contracts in progress3 | €2,727 | €2,539 | €1,598 | €0 | - | - |
| Stocks30/36 | - | €2,539 | €1,598 | €0 | - | - |
| Amounts receivable within one year40/41 | €554 | €695 | €527 | €1,936 | €31,482 | ▲ 1,526% |
| Trade receivables40 | - | €695 | €527 | €1,259 | €30,613 | ▲ 2,331% |
| Other amounts receivable41 | - | €0 | €0 | €677 | €868 | ▲ 28.3% |
| Cash at bank and in hand54/58 | €5,703 | €6,209 | €19,577 | €0 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €155 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,984 | €9,443 | €21,701 | €6,347 | €37,850 | ▲ 496% |
| Equity10/15 | €7,323 | €9,391 | €19,993 | €369 | -€3,940 | ▼ 1,167% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Other1319 | - | - | - | €0 | - | - |
| Profit (loss) carried forward14 | -€13,128 | -€11,060 | -€458 | -€18,223 | -€22,532 | ▼ 23.6% |
| Amounts payable17/49 | €1,661 | €52 | €1,708 | €5,978 | €41,790 | ▲ 599% |
| Amounts payable within one year42/48 | €1,661 | €52 | €1,708 | €5,978 | €41,364 | ▲ 592% |
| Financial debts43 | - | - | - | €4,752 | €4,505 | ▼ 5.2% |
| Credit institutions430/8 | - | - | - | €4,752 | €4,505 | ▼ 5.2% |
| Trade debts44 | €225 | €0 | €0 | €918 | €13,266 | ▲ 1,345% |
| Suppliers440/4 | - | €0 | €0 | €918 | €13,266 | ▲ 1,345% |
| Taxes, remuneration and social security45 | - | €52 | €1,708 | €0 | €4,269 | - |
| Taxes450/3 | - | €52 | €1,708 | €0 | €731 | - |
| Remuneration and social security454/9 | - | - | - | - | €3,539 | - |
| Other amounts payable47/48 | - | €0 | €0 | €308 | €19,323 | ▲ 6,168% |
| Accrued charges and deferred income492/3 | - | - | - | - | €426 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,177 | €2,068 | €10,602 | -€19,027 | -€4,309 | ▲ 77.4% |
| + Depreciation and write-downs630 | €504 | - | - | €589 | €1,670 | ▲ 183% |
| Operating cash flow (approximation) | €5,681 | €2,068 | €10,602 | -€18,438 | -€2,639 | ▲ 85.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€5,000 | -€3,473 | ▲ 30.5% |
| Change in cash | - | €505 | €13,368 | -€19,577 | - | - |
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
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€19,027
Net result drops to -€19,027, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Highest result since 2018net €10,602 ▲413%
Operating result €11,279, net result €10,602, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 33current ratio 180.83
Current ratio from 5.41 to 180.83; short-term debt falls from €1,661 to €52.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 5.41
Current ratio from 1.28 to 5.41; short-term debt falls from €5,789 to €1,661.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 1.28
Current ratio from 0.44 to 1.28; short-term debt falls from €8,163 to €5,789.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Knokke-Heist · 1 establishment unit since 1978
Ground area
1,015 m²
Building footprint
268 m²
Volume, LiDAR
1,385 m³
2 parcels, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Knokkestraat 369, 8301 Knokke-Heist
since 19782.036.081.963
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31337C0034/00P000 | Flanders | 760 m² | 1 · 179 m² | 8.1 m · 2 fl. |
| 31013D0516/00R002indicative | Flanders | 255 m² | 1 · 89 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,397. 33 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-10-1978
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
46831Wholesale of construction materials, general range
43211General electrical installation work
43341Painting of buildings
47521Retail sale of hardware, building materials, paint and glass (general range)
74999Other professional, scientific and technical activities
81210General cleaning of buildings
81300Landscape service activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.