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ADel consult

Active
Private limited companyfounded 199234 yrs activeRue de la Bruyère(K) 18, 7540 Tournai, BelgiumKBO/BCE: BE 0446.873.357
Summary

ADel consult has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€65,770) and a net result of €1,092. Equity is shrinking by ~9.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability69▼-1
Solvency15▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.03 in 2023; short-term debt: 92.1% and cash: 0.4% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
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 2024
Solvency, return and age of the figures
Solvency
-9.5%
Return on assets
0.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
151 d late
2021
29 d late
2020
31 d late
2019
73 d late
2018
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 62 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ADel consult was incorporated on 11 March 1992.1 Total assets rose from EUR 499,524 in 2018 to EUR 689,213 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€65,770▲ 1.6%
2023 · -€66,862
Total assets
€689,213▼ 4.9%
2023 · €724,478
Net result
€1,092▼ 84.4%
2023 · €7,020
Working capital
-€621,052▲ 0.3%
2023 · -€622,777
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120232024
Operating result-€23,947▲ 79.8%-€4,006▲ 83.3%€5,931€9,269-€2,982▼ 67.8%
Net result-€25,533▲ 78.5%-€4,658▲ 81.8%€3,201€7,020-€1,092▼ 84.4%
Equity-€47,307▼ 117%-€51,965▼ 9.8%-€48,764▲ 6.2%-€66,862--€65,770▲ 1.6%
Total assets€592,934▲ 18.7%€560,935▼ 5.4%€558,357▼ 0.5%€724,478-€689,213▼ 4.9%
Debt€579,195▲ 28.2%€554,781▼ 4.2%€550,511▼ 0.8%€743,860-€711,410▼ 4.4%
Working capital-€359,205▼ 66.9%-€365,146▼ 1.7%-€369,050▼ 1.1%-€622,777--€621,052▲ 0.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0€10,000Operating result 2019: -€23,947-€23,947Net result 2019: -€25,533-€25,533Operating result 2020: -€4,006-€4,006Net result 2020: -€4,658-€4,658Operating result 2021: €5,931€5,931Net result 2021: €3,201€3,201Operating result 2023: €9,269€9,269Net result 2023: €7,020€7,020Operating result 2024: €2,982€2,982Net result 2024: €1,092€1,09220192020202120232024€0€2,500€5,000€7,500€10,000Operating result 2021: €5,931€5,930Net result 2021: €3,201€3,200Operating result 2023: €9,269€9,270Net result 2023: €7,020€7,020Operating result 2024: €2,982€2,980Net result 2024: €1,092€1,090202120232024
The operating result falls in 2024; 2024 is 68% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €689,213
Fixed assets €675,428 ▼ 4.6%
Current assets €13,785 ▼ 15.8%
Key figures and ratios
2024 value · change against 2023
EBITDA
€44,329▼
2023 · €49,617
Cash flow
€42,439▼
2023 · €47,368
Solvency
-9.5%▼
2023 · -9.2%
Current ratio
0.02▼
2023 · 0.03
Debt to equity
-10.82▲
2023 · -11.13
ROA
0.2%▼
2023 · 1.0%
Interest coverage
23.46▲
2023 · 22.07
Debt ≤ 1 year
€634,837▼
2023 · €639,147
Debt > 1 year
€73,023▼
2023 · €102,013
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 518 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a profit under 5% of the balance sheet
2.9% went bankrupt
3.9% stopped otherwise
92% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 518 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€724,478€689,213▼
Fixed assets21/28€708,108€675,428▼
Tangible fixed assets22/27€708,108€675,428▼
Land and buildings22€703,128€671,361▼
Plant, machinery and equipment23€1,880€1,216▼
Furniture and vehicles24€500€250▼
Assets under construction and advance payments27€2,600€2,600=
Current assets29/58€16,371€13,785▼
Cash at bank and in hand54/58€5,581€2,996▼
Deferred charges and accrued income490/1€10,789€10,789=
Equity and liabilities
Total equity and liabilities10/49€724,478€689,213▼
Equity10/15-€66,862-€65,770▲
Contributions10/11€12,803€12,803=
Reserves13€4,027€4,027=
Non-distributable reserves130/1€1,900€1,900=
Reserves not available under the articles1311€1,900€1,900=
Distributable reserves133€2,127€2,127=
Profit (loss) carried forward14-€83,692-€82,600▲
Provisions and deferred taxes16€47,480€43,574▼
Provisions for liabilities and charges160/5€47,480€43,574▼
Environmental obligations163€47,480€43,574▼
Amounts payable17/49€743,860€711,410▼
Amounts payable after more than one year17€102,013€73,023▼
Financial debts170/4€102,013€73,023▼
Amounts payable within one year42/48€639,147€634,837▼
Current portion of amounts payable after more than one year42€28,700€28,990▲
Trade debts44€29,523€31,631▲
Suppliers440/4€29,523€31,631▲
Other amounts payable47/48€580,924€574,216▼
Accrued charges and deferred income492/3€2,700€3,550▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40,348€41,347▲
Provisions for liabilities and charges: additions (uses and reversals)635/8--€3,907
Other operating charges640/8€3,087€3,199▲
Gross operating margin9900€52,703€43,621▼
Operating profit (loss)9901€9,269€2,982▼
Financial charges65/66B€2,249€1,890▼
Recurring financial charges65€2,249€1,890▼
Profit (loss) for the period before taxes9903€7,020€1,092▼
Profit (loss) for the period9904€7,020€1,092▼
Profit (loss) for the period to be appropriated9905€7,020€1,092▼
Appropriation of the result
Profit (loss) to be appropriated9906-€83,692-€82,600▲
Profit (loss) brought forward from the previous period14P-€90,713-€83,692▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120232024Change
Non-recurring operating income76A--€1,510---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35,686€31,986€33,089€40,348€41,347▲ 2.5%
Provisions for liabilities and charges: additions (uses and reversals)635/8-----€3,907-
Other operating charges640/8--€2,379€3,087€3,199▲ 3.6%
Gross operating margin9900€18,866€29,868€41,399€52,703€43,621▼ 17.2%
Operating profit (loss)9901-€23,947-€4,006€5,931€9,269€2,982▼ 67.8%
Recurring financial income75€752-----
Financial charges65/66B--€2,730€2,249€1,890▼ 16.0%
Recurring financial charges65€3,165€2,927€2,730€2,249€1,890▼ 16.0%
Profit (loss) for the period before taxes9903-€25,552-€4,658€3,201€7,020€1,092▼ 84.4%
Income taxes67/77-€19-----
Profit (loss) for the period9904-€25,533-€4,658€3,201€7,020€1,092▼ 84.4%
Profit (loss) for the period to be appropriated9905-€25,533-€4,658€3,201€7,020€1,092▼ 84.4%
Line20192020202120232024Change
Assets
Total assets20/58€592,934€560,935€558,357€724,478€689,213▼ 4.9%
Fixed assets21/28€588,081€558,596€540,974€708,108€675,428▼ 4.6%
Tangible fixed assets22/27€588,081€558,596€540,974€708,108€675,428▼ 4.6%
Land and buildings22--€537,967€703,128€671,361▼ 4.5%
Plant, machinery and equipment23--€2,007€1,880€1,216▼ 35.3%
Furniture and vehicles24--€1,000€500€250▼ 50.0%
Assets under construction and advance payments27---€2,600€2,600=
Current assets29/58€4,853€2,339€17,383€16,371€13,785▼ 15.8%
Cash at bank and in hand54/58€3,493€1,131€7,204€5,581€2,996▼ 46.3%
Deferred charges and accrued income490/1--€10,179€10,789€10,789=
Equity and liabilities
Total equity and liabilities10/49€592,934€560,935€558,357€724,478€689,213▼ 4.9%
Equity10/15-€47,307-€51,965-€48,764-€66,862-€65,770▲ 1.6%
Contributions10/11€12,803-€12,803€12,803€12,803=
Reserves13€4,027€4,027€4,027€4,027€4,027=
Non-distributable reserves130/1--€1,900€1,900€1,900=
Reserves not available under the articles1311--€1,900€1,900€1,900=
Distributable reserves133--€2,127€2,127€2,127=
Profit (loss) carried forward14-€64,137-€68,795-€65,594-€83,692-€82,600▲ 1.3%
Provisions and deferred taxes16€61,046€58,119€56,609€47,480€43,574▼ 8.2%
Provisions for liabilities and charges160/5--€56,609€47,480€43,574▼ 8.2%
Environmental obligations163--€56,609€47,480€43,574▼ 8.2%
Amounts payable17/49€579,195€554,781€550,511€743,860€711,410▼ 4.4%
Amounts payable after more than one year17€215,137€187,296€159,127€102,013€73,023▼ 28.4%
Financial debts170/4--€159,127€102,013€73,023▼ 28.4%
Amounts payable within one year42/48€364,058€367,485€386,434€639,147€634,837▼ 0.7%
Current portion of amounts payable after more than one year42--€28,117€28,700€28,990▲ 1.0%
Trade debts44€32,765€32,777€31,319€29,523€31,631▲ 7.1%
Suppliers440/4--€31,319€29,523€31,631▲ 7.1%
Other amounts payable47/48--€326,999€580,924€574,216▼ 1.2%
Accrued charges and deferred income492/3--€4,950€2,700€3,550▲ 31.5%
Line20192020202120232024Change
Profit (loss) for the period9904-€25,533-€4,658€3,201€7,020€1,092▼ 84.4%
+ Depreciation and write-downs630€35,686€31,986€33,089€40,348€41,347▲ 2.5%
Operating cash flow (approximation)€10,153€27,328€36,290€47,368€42,439▼ 10.4%
Investment in fixed assets (approximation)--€2,501-€15,466--€8,667-
Change in cash--€2,362€6,074--€2,585-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
29-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 151 days late
2023
31-12
Financial Highest result since 2018net €7,020 ▲119%
Operating result €9,269, net result €7,020, both a record.
2022
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial Back to profitnet €3,201
Net result €3,201 after 3 loss-making years.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
12-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
2019
27-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
15-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 46 days late
2016
27-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 27 days late
2015
30-09
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
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, Tournai · 1 establishment unit since 1992
seat establishment The establishment unit on the map
Ground area
6,892 m²
Building footprint
374 m²
Volume, LiDAR
2,635 m³
2 parcels, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ADEL CONSULT
Rue Pierre(K) 50, 7540 TournaiRenting and operating of own or leased residential real estate, excluding social housing
since 19922.056.985.859
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57042B0010/00A000 Wallonia 6,698 m² 1 · 333 m² 9.8 m · 2 fl.
57042C0400/00V005 Wallonia 193 m² 1 · 41 m² 10.6 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. ŸUSTITIA – Cabinet d’Avocats 100%
  2. ADel consult

Highest known parent: ŸUSTITIA – Cabinet d’Avocats. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded11-03-1992
Fiscal year end31-12
Contact
Phone 069/21 29 47Tournai
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.