Result
€154,931 ▲ 181%
The result rose in 2025 from €55,142 to €154,931.
ADELAR
Overview
Lifetime
2 annual accounts with figures on one time axispeak €206,890 (2025)
€206,890▲ 171%
peak €154,931 (2025)
€154,931▲ 181%
peak €215,073 (2025)
€215,073▲ 258%
€52,581▲ 13.0%
Board1 name since 2023
1 directorDEBAERE Erwin Romain John
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from €76,286 to €206,890Result from €55,142 to €154,931Equity from €60,142 to €215,073Cash from €59,289 to €228,722
Key points
from the 2025 annual accountsLiquidity
5.10 was 2.34 in 2024
Short-term debts rose from €45,133 to €52,252.
Position in the sector
€154,931
Higher net result than 95% of companies in office administrative support. Sector median €16,198 · 9,691 companies.
Checked score
99
Excellent
Financially stronger than 90% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.8%▲ +0.1 percentage points vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025highest value
03-2025: 0.1%▼ -0.7 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
lowers risk
Liquidity: current ratio 5.10, cash €228,722
Sector: Office administrative, office support and other business support activities (NACE 82)
Equity €215,073 (80.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 88% of them on solvency, 89% on liquidity, 87% on profitability and 96% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as ADELAR has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ADELAR itself is lower: < 0.1% within 12 months. It rests on far more data about ADELAR than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for ADELAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.1 (2.34 in 2024), above the usual 1.5. Short-term debt is 19.5% and cash 85.5% of total assets. 19.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
1 day early
2024
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 1 day before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Incorporation
Founding capital of €5,000, 50 shares · Founder: DEBAERE Erwin Romain John · Appointment: DEBAERE Erwin Romain John (statutory director) · published on 14-07-2023 · Gazette deed
First establishment
Dumolinlaan 1, Kortrijk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ADELAR Kortrijk | €267,654 | €206,890 | 80.4% | - |
| JDJ Zwevegem | €284,268 | €175,270 | 76.9% | - |
| SERANA Deerlijk | €232,425 | €234,483 | 75.1% | - |
| HR Construct Temse | €261,924 | €213,255 | 78.8% | - |
| 49 South Avenue Antwerp | €289,143 | €201,300 | 50.6% | - |
| MAPITO Roosdaal | €276,313 | €249,735 | 76.6% | - |
| Nolifra Schilde | €261,857 | €205,000 | 56.3% | - |
These companies have the same main activity as ADELAR: other business support services (NACE 82990). They are comparable in size and age: total assets between €232,000 and €289,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 12-07-2023Normal situation
- Activity
- Other business support servicesNACE 82990
- Establishment unit
- 2.350.472.0298510 Kortrijk, since 12-07-2023
- Financial year end
- 30 June
- Peppol
- Reachable
Annual accounts to 30-06-2025
- €206,890▲ 171%
- ≈ €310,000estimated
- €154,931▲ 181%
- €215,073▲ 258%
- €267,654▲ 151%
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on ADELAR
ADELAR has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215,073 and a net result of €154,931.
Its solvency ranks better than 80% of 9,695 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-01-2026, 1 day before the deadline€206,890
▲ 171%
€205,556
▲ 173%
€154,931
▲ 181%
€214,037
▲ 254%
80.4%
▲ 24.0 percentage points
5.10
▲ 2.76
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €310,000. Estimated: probably between €250,000 and €430,000.
Balance sheet
balance sheet total €267,654 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
80.4%
Higher than 80% of 9,695 companies in 2025.
5.10
Higher than 81% of 9,313 companies in 2025.
57.9%
Higher than 92% of 9,437 companies in 2025.
ADELAR
Middle half of the sector
80% of the sector
Micro accounts in office administrative support (NACE 82)
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
267,654 | 106,655 | |
21/28 |
1,364 | 1,115 | |
22/27 |
1,195 | 971 | |
23 |
1,195 | 971 | |
28 |
169 | 144 | |
29/58 |
266,290 | 105,540 | |
40/41 |
12,056 | 24,655 | |
40 |
9,680 | 24,655 | |
41 |
2,376 | - | |
50/53 |
0 | 20,000 | |
54/58 |
228,722 | 59,289 | |
490/1 |
25,512 | 1,597 | |
| Balance sheet: equity and liabilities | |||
10/49 |
267,654 | 106,655 | |
10/15 |
215,073 | 60,142 | |
10/11 |
5,000 | 5,000 | |
13 |
210,073 | 55,142 | |
133 |
210,073 | 55,142 | |
17/49 |
52,581 | 46,513 | |
42/48 |
52,252 | 45,133 | |
44 |
3,177 | 4,591 | |
440/4 |
3,177 | 4,591 | |
45 |
49,075 | 31,475 | |
450/3 |
49,075 | 31,475 | |
47/48 |
0 | 9,068 | |
492/3 |
329 | 1,380 | |
| Income statement | |||
9900 |
206,890 | 76,286 | |
630 |
486 | 125 | |
640/8 |
849 | 753 | |
9901 |
205,556 | 75,408 | |
75/76B |
1,177 | - | |
75 |
1,177 | - | |
65/66B |
3,973 | 4,376 | |
65 |
3,973 | 4,376 | |
9903 |
202,760 | 71,032 | |
67/77 |
47,829 | 15,891 | |
9904 |
154,931 | 55,142 | |
9905 |
154,931 | 55,142 | |
| Appropriation of the result | |||
9906 |
154,931 | 55,142 | |
691/2 |
154,931 | 55,142 | |
6921 |
154,931 | 55,142 | |
| Document | |||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2024 to 2025, 2 entries, €4,202 awarded, €4,202 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,514 | €1,514 |
| 2024 | 1 | €2,688 | €2,688 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 206,041 | 75,533 | ||
| 155,417 | 55,266 | ||
| 880 | 1,239 | ||
| 169,434 | - | ||
| 214,037 | 60,407 | ||
| 80.4% | 56.4% | ||
| 5.10 | 2.34 | ||
| 0.24 | 0.77 | ||
| 72.0% | 91.7% | ||
| 57.9% | 51.7% | ||
| 51.86 | 17.26 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 |
|---|---|---|
| Tangible fixed assets | €711 | €1,095 |
| Financial fixed assets | €169 | €144 |
| €486 | €125 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on ADELAR
The operating result for 2025 is 173% higher than in 2024.
Debt's share of the balance-sheet total falls from 43.6% to 19.6%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationStatutory director
appointed by deed of 14-07-2023
term for the life of the company
listed in the 2025 annual accounts, filed on 30-01-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 14-07-2023
Mandates through the years
1 name, the dashed line is todayDEBAERE Erwin Romain John
Statutory director
Statutory director
Board
Mandates as a list
- DEBAERE Erwin Romain John
- Statutory director, appointed by deed of 14-07-2023, still in office
Control
Capital
- Contribution
- €5,000
- Shares
- 50
- Contribution per share
- €100
- Equity per share
- €4,301 in 2025
- Source
- deed of 14-07-2023
Articles of association
deed of 14-07-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Saturday of December at 14:00
Shareholders
At incorporation
deed of 14-07-2023 ↗
- DEBAERE Erwin Romain John 50 shares (100%) · €5,000
Network & group
No group
ADELAR has no parent and no holdings in its annual accounts. DEBAERE Erwin Romain John is the only director.
Board mandates elsewhere
2 board mandatesBoard mandates of ADELARADELAR sits on their board2
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
6 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFmicro format · 1 day before the deadline
2025
Liquidity more than doubled current ratio 5.10 The current ratio rises from 2.34 to 5.10.
Equity above €200,000 equity €215,073 ▲258% With a profit in every financial year since 2024, equity grows to €215,073.
Annual accounts 2024 filed PDFmicro format · on the deadline day
2023
IncorporationFounding capital of €5,000, 50 shares · Founder: DEBAERE Erwin Romain John · Appointment: DEBAERE Erwin Romain John (statutory director) · published on 14-07-20234 points ▸
- Founder, DEBAERE Erwin Romain John
- Founding capital, €5,000, 50 shares
- Director appointment, DEBAERE Erwin Romain John (statutory director)
- Registered office clause, Dumolinlaan 1, bus 13
- The deed holds 2 more points.
First establishment Dumolinlaan 1, Kortrijk
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 12 July 2023, ADELAR was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 DEBAERE Erwin Romain John is statutory director of the company, appointed by deed of 14-07-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0803.868.494
- VAT number
- BE 0803.868.494
- Peppol ID
- 0208:0803868494
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 12-07-2023
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Saturday of December at 14:00deed of 14-07-2023 (in Dutch)
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ADELAR in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 14-07-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 14-07-2023 (in Dutch)
Activities
NACEBEL 202582990
Other business support services main activity
Codes under NACEBEL 2008
82990
Other business support services main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “In het algemeen zal de vennootschap alle commerciële,industriële,financiële,roerende of onroerende handelingen mogen stellen in rechtstreeks…”deed of 14-07-2023 (in Dutch)
22 activities
- In het algemeen zal de vennootschap alle commerciële,industriële,financiële,roerende of onroerende handelingen mogen stellen in rechtstreeks of onrechtstreeks,geheel of gedeeltelijk verband met haar voorwerp in de ruimste zin of die nuttig of bevorderlijk zijn of zouden kunnen zijn om haar voorwerp te verwezenlijken,of de verwezenlijking ervan te vergemakkelijken.
- Aankoop en verkoop,import,export,verdeling en levering van goederen,en dit in de meest ruime betekenis van het woord.
- Voor eigen rekening,voor rekening van derden of in deelneming met derden,prestaties verrichten die rechtstreeks of onrechtstreeks betrekking hebben op:
- 1.alle activiteiten die betrekking hebben op onroerende goederen en rechten,dit alles zowel voor eigen rekening als met het oog op vervreemding,inzonderheid:
- De aankoop,verkoop,ruil,huur,verhuur van onroerende goederen;
- De expertise,het beheer,het valoriseren en het laten bouwen of verbouwen van onroerende goederen alsmede de coördinatie en de leiding van dergelijke werken,het uitvoeren van studies,ontwerpen en plannen;
- De bouw,verbouwing,afwerking,omvorming,herstelling,versiering,afbraak van gebouwen en bouwwerken;
- De aanneming van werken,zowel privaat als openbaar;
- Het verkavelen van gronden,het bebossen of ontbossen,
- Het in waarborg geven van onroerende goederen van de vennootschap zelfs als waarborg voor leningen of kredietopeningen toegestaan aan derden;
- Het beheer,het verwerven,de instandhouding en valorisatie van een onroerend vermogen,de huurfinanciering van onroerende goederen aan derden,
- 2.het bevorderen van de ontwikkeling van technologische innovaties tot aan hun commercialisering;
- Het opsporen van geschikte partners voor deze realisaties;
- 3.algemene,technologische en economische studies onder andere inzake industrialisering en investering,productiediversificatie,nieuwe producten en/of procédés;
- 4.marktonderzoek,promotie,prospectie,technoconsult,assistentie op gebied van management,engineering en consultancy;technisch,commercieel,administratief,financieel,fiscaal en juridisch beheer en advies;
- 5.het waarnemen van het mandaat als bestuurder of vereffenaar in vennootschappen en ondernemingen;
- 6.de publiciteit,reclame,marketing en algemene communicatie;
- 7.het verwerven,hetzij door inschrijving of aankoop,van aandelen,obligaties,kasbons of andere roerende waarden van Belgische of buitenlandse vennootschappen alsook het beheer van deze roerende waarden,dit alles enkel voor eigen rekening of in deelneming met derden;
- 8.het bevorderen van de oprichting van vennootschappen door inbreng,participatie of investering;
- 9.het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren onder om het even welke vorm;in dit kader kan zij zich borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten behalve die voorbehouden aan financiële ondernemingen.
- 10.het optreden als tussenpersoon bij onderhandelingen voor overname van aandelen;in de meest ruime betekenis het deelnemen aan emissieverrichtingen van aandelen en vastrentende waarden door intekening,waarborg plaatsing,verhandeling of anderszins,alsmede het verwezenlijken van verrichtingen inzake portefeuille- of kapitaalsbestuur;
- 11.het ontwikkelen,kopen,verkopen,beheer,in licentie nemen of geven van brevetten,octrooien,know-how en andere intellectuele rechten;
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Dumolinlaan 1 registered office 8510 Kortrijk | 12-07-2023 | 2.350.472.029 |