Debts
Of this, €17,708 falls due within a year.
Of this, €17,708 falls due within a year.
ADELE H.E. pays its suppliers 82 days earlier than in 2023. Customers pay 61 days earlier.
2025 accounts not filed: deadline was 31-07-2026.
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 56, micro). It does better than 30% of them on solvency, 65% on liquidity, 8% on profitability and 44% 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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).
In July 2024, 757 companies had the same profile as ADELE H.E. has now. Each dot stands for 2 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ADELE H.E. itself: 6.4% within 12 months.
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 757 companies, not a prediction for ADELE H.E.. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.36 (1.3 in 2023), below the usual 1.5. Short-term debt is 73.3% and cash 61.9% of total assets. 94% of the assets are financed with debt and provisions.
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.
The company filed its last 3 accounts on average 38 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ADELE H.E. Sint-Gillis (bij-Brussel) | €89,677 | -5.8% | 6.0% | - |
| NG LOUISE COMPANY Sint-Gillis (bij-Brussel) | €9,568 | - | -148.6% | - |
| LAVANDA Brussels | - | - | -74.5% | - |
| DEN BOEMEL Beveren-Kruibeke-Zwijndrecht | - | - | -8.6% | - |
| L&L EXPRESS Niel | - | - | 22.0% | - |
| KLEIN GENOEGEN Vilvoorde | - | - | -166.8% | - |
| Muhammed Sentürk Antwerp | - | - | 74.1% | - |
Grey: the largest companies of the sector (food and beverage service (NACE 56)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ADELE H.E.: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €21,000 and €25,100, founded between 2021 and 2023.
ADELE H.E. files the micro format. That format states no turnover. The gross margin rose from -€3,213 in 2022 to -€146 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 9 November 2026.
Higher than 31% of 18,731 companies in 2024.
Higher than 58% of 18,120 companies in 2024.
Higher than 13% of 18,199 companies in 2024.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
24,153 | 31,647 | 1,546 | |
29/58 |
24,153 | 31,647 | 1,546 | |
3 |
516 | 352 | - | |
30/36 |
516 | 352 | - | |
40/41 |
8,689 | 20,779 | 1,447 | |
40 |
413 | 12,840 | 1,062 | |
41 |
8,275 | 7,939 | 386 | |
54/58 |
14,949 | 10,516 | 98 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
24,153 | 31,647 | 1,546 | |
10/15 |
1,450 | 7,344 | -2,911 | |
10/11 |
800 | 800 | 800 | |
10 |
- | 800 | - | |
100 |
- | 800 | - | |
11 |
800 | - | - | |
1109/19 |
800 | - | - | |
14 |
650 | 6,544 | -3,711 | |
17/49 |
22,704 | 24,303 | 4,457 | |
42/48 |
17,708 | 24,303 | 4,457 | |
44 |
3,037 | 16,067 | 956 | |
440/4 |
3,037 | 16,067 | 956 | |
45 |
7,882 | 1,636 | - | |
450/3 |
7,882 | 1,636 | - | |
47/48 |
6,788 | 6,600 | 3,501 | |
492/3 |
4,996 | - | - | |
| Income statement | ||||
70 |
89,677 | 74,739 | - | |
76A |
2,734 | - | - | |
9900 |
-146 | 12,576 | -3,213 | |
60/61 |
92,557 | 62,163 | - | |
640/8 |
5,050 | 350 | 484 | |
9901 |
-5,196 | 12,226 | -3,697 | |
75/76B |
420 | 204 | - | |
75 |
420 | 204 | - | |
65/66B |
1,118 | 538 | 14 | |
65 |
1,118 | 538 | 14 | |
9903 |
-5,894 | 11,891 | -3,711 | |
67/77 |
- | 1,636 | - | |
9904 |
-5,894 | 10,255 | -3,711 | |
9905 |
-5,894 | 10,255 | -3,711 | |
| Appropriation of the result | ||||
9906 |
650 | 6,544 | -3,711 | |
14P |
6,544 | -3,711 | - | |
| Document | ||||
Source: Annual accounts 2024 (PDF), filed on 09-10-2025.
| Line | Trend | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| 4,433 | 10,417 | - | ||
| 6,446 | 7,344 | -2,911 | ||
| -5.8% | 16.4% | - | ||
| 6.0% | 23.2% | - | ||
| 1.36 | 1.30 | - | ||
| 1.33 | 1.29 | - | ||
| 15.66 | 3.31 | - | ||
| -406.6% | 139.6% | - | ||
| -24.4% | 32.4% | - | ||
| 2 days | 63 days | - | ||
| 12 days | 94 days | - |
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.
The operating result for 2024 is a loss of €5,196, after a profit of €12,226 in 2023. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 76.8% to 94.0%. Equity and debt are lower.
ADELE H.E. has no parent and no holdings in its annual accounts.
| Association des Copropriétaires à Saint-Gilles, Chaussée d'Alsemberg 34/34a
registered office since 05-09-2024 |
founded in 2024 1016.661.354 |
| Kuperblum, Megan (sole trader)
establishment since 01-09-2021 |
founded in 2021 0772.951.032 |
| CIRQUE CAFE via Gicart Chantale, at ADELE H.E. until 2024 · Director · deed of 01-07-2022 founded in 2022 · accounts filed late |
turnover €580,078 (2024) |
| GECOFISCA via Gicart Chantale, at ADELE H.E. until 2024 · Director (not named in the articles) · deed of 13-11-2020 No longer active |
total assets €190,990 (2023) |
| ONS HUISJE via Gicart Chantale, at ADELE H.E. until 2024 · Director · deed of 20-08-2020 No longer active |
total assets €15,477 (2021) |
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Café "Te Ria" registered office Alsembergse Steenweg 34, 1060 Sint-Gillis (bij-Brussel) | 01-06-2022 | 2.331.658.977 | Bar |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21013B0417/00P016 | 315 m² | 1 · 116 m² | 17.6 m · 5 |
If something looks wrong or is missing, please tell us.