Adelaar
ActiveAdelaar has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82k and a net result of €15k. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 1303 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-23
Solvency100=
Growth85▲+7
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 8.32 against 5.09 in 2024; short-term debt: 12% and cash: 2.3% of total assets), and 12% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88%
Return on assets
15.8%
Age of the figures
15 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 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-02-2026, 6 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
6 d late
2024
3 d late
2023
5 d late
2022
40 d late
2021
57 d late
2020
3 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€92k▲ 23.4%
2024 · €74k
2024: €74k
2024 → 2025
EBIT margin
17.8%▼ 16.4pp
2024 · 34.3%
2024: 34.3%
2024 → 2025
Net result
€15k▼ 34.9%
2024 · €23k
2019: €12k
2020: €13k
2021: €24k
2022: €17k
2023: €15k
2024: €23k
2019 → 2025
Working capital
€82k▲ 22.0%
2024 · €67k
2019: €15k
2020: €28k
2021: €28k
2022: €29k
2023: €44k
2024: €67k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€74k€92k▲ 23.4%
Equity€28k-€29k▲ 4.8%€44k▲ 51.2%€67k▲ 50.9%€82k▲ 22.0%
Operating result€20k-€16k▼ 22.6%€16k▲ 2.9%€25k▲ 58.6%€16k▼ 35.8%
Net result€24k-€17k▼ 26.3%€15k▼ 13.4%€23k▲ 50.4%€15k▼ 34.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €93k
Equity
€82k▲ 22.0%
Debt
€11k▼ 31.9%
The debt ratio falls from 19.7% to 12.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
88.0%▲
2024 · 80.3%
Current ratio
8.32▲
2024 · 5.09
Quick ratio
8.32▲
2024 · 5.09
Debt / equity
0.14▼
2024 · 0.24
ROE
18.0%▼
2024 · 33.7%
ROA
15.8%▼
2024 · 27.1%
Debt
€11k▼
2024 · €16k
Debt ≤ 1 year
€11k▼
2024 · €16k
Income taxes
€6k▲
2024 · €6k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€83k€93k▲
Current assets29/58€83k€93k▲
Amounts receivable within one year40/41€79k€91k▲
Trade receivables40€2k€6k▲
Other amounts receivable41€77k€85k▲
Cash at bank and in hand54/58€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€83k€93k▲
Equity10/15€67k€82k▲
Contributions10/11€14k€14k=
Reserves13€50€15k▲
Non-distributable reserves130/1€50€50=
Reserves not available under the articles1311€50€50=
Distributable reserves133-€15k
Profit (loss) carried forward14€53k€53k=
Amounts payable17/49€16k€11k▼
Amounts payable within one year42/48€16k€11k▼
Trade debts44€773€827▲
Suppliers440/4€773€827▲
Advances received on contracts in progress46€3k-
Taxes, remuneration and social security45€13k€10k▼
Taxes450/3€13k€10k▼
Income statement
Code20242025
Turnover70€74k€92k▲
Non-recurring operating income76A-€2k
Goods, raw materials, services and sundry goods60/61€49k€77k▲
Other operating charges640/8€318€684▲
Gross operating margin9900€26k€17k▼
Operating profit (loss)9901€25k€16k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€344€53▼
Recurring financial charges65€344€53▼
Profit (loss) for the period before taxes9903€28k€21k▼
Income taxes67/77€6k€6k▲
Profit (loss) for the period9904€23k€15k▼
Profit (loss) for the period to be appropriated9905€23k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€67k▲
Profit (loss) brought forward from the previous period14P€30k€53k▲
Transfer to equity691/2-€15k
To other reserves6921-€15k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
30-06
Financial
Liquidity triplescurrent ratio 7.89
Current ratio from 2.57 to 7.89; short-term debt falls from €19k to €6k.
12-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 40 days late
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
30-06
Financial
Highest result since 2019net €24k ▲76.2%
Net result €24k, the highest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Liquidity triplescurrent ratio 8.87
Current ratio from 2.95 to 8.87; short-term debt falls from €8k to €4k.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Beringen · 1 establishment unit since 2013
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.
Kleinheidelaan 63582 BeringenGround area
273 m²
Building footprint
119 m²
Volume, LiDAR
622 m³
Parcel 71522C0006/00A017, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Adelaar
since 20132.219.927.053
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71522C0006/00A017 | Flanders | 273 m² | 1 · 119 m² | 10.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Kasteel Starrenhof
BE 0767.977.605
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BOUZIE
BE 0842.764.110
Wemmel · Eq €81k
EDEN OOST
BE 0824.253.342
Oostende · Eq €82k
A&E Culinair
BE 0757.994.325
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SNOEKS INVEST
BE 0826.357.648
Pelt · Eq €82k
Of 2,395 companies in sector 55100 we hold annual accounts for 1,517. 1,013 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-06-2013
Fiscal year end30-06
Activities, NACEBEL
55100Hotels and similar accommodation
43230Insulation installation
43291Specialised construction activities
43310Plastering work
43320Joinery installation
43422Screed work
43990Other specialised construction activities
43999Specialised construction activities
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 12 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.