ADÈLE INVEST
ActiveSummary
ADÈLE INVEST has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233k and a net result of €21k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-8
Solvency36▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.16 in 2024; short-term debt: 88.7% and cash: 49.5% of total assets), and 88.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
11.3%
Return on assets
1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 8 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
30 d late
2022
on the day
2021
11 d early
2020
4 d early
2019
41 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€233k▲ 9.9%
2024 · €212k
2018: €-2klowest in 8 years
2019: €13k▲ +676% vs 2018
2020: €161k▲ +1096% vs 2019
2021: €189k▲ +18.0% vs 2020
2022: €143k▼ -24.3% vs 2021
2023: €108k▼ -24.5% vs 2022
2024: €212k▲ +96.1% vs 2023
2025: €233k▲ +9.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€2.07M▲ 49.2%
2024 · €1.39M
2018: €417klowest in 8 years
2019: €490k▲ +17.4% vs 2018
2020: €563k▲ +15.0% vs 2019
2021: €1.20M▲ +112% vs 2020
2022: €1.92M▲ +60.6% vs 2021
2023: €2.63M▲ +36.8% vs 2022highest in 8 years
2024: €1.39M▼ -47.2% vs 2023
2025: €2.07M▲ +49.2% vs 2024
2018 → 2025
Net result
€21k▼ 79.8%
2024 · €104k
2018: €-9k
2019: €17k▲ +294% vs 2018
2020: €147k▲ +788% vs 2019highest in 8 years
2021: €17k▼ -88.8% vs 2020
2022: €-46k▼ -379% vs 2021lowest in 8 years
2023: €-35k▲ +24.0% vs 2022
2024: €104k▲ +397% vs 2023
2025: €21k▼ -79.8% vs 2024
2018 → 2025
Working capital
€218k▲ 16.0%
2024 · €188k
2018: €-2klowest in 8 years
2019: €13k▲ +676% vs 2018
2020: €149k▲ +1013% vs 2019
2021: €181k▲ +20.9% vs 2020
2022: €114k▼ -37.0% vs 2021
2023: €86k▼ -24.0% vs 2022
2024: €188k▲ +118% vs 2023
2025: €218k▲ +16.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€189k-€143k▼ 24.3%€108k▼ 24.5%€212k▲ 96.1%€233k▲ 9.9%
2021: €189k
2022: €143k▼ -24.3% vs 2021
2023: €108k▼ -24.5% vs 2022lowest in 5 years
2024: €212k▲ +96.1% vs 2023
2025: €233k▲ +9.9% vs 2024highest in 5 years
Operating result€29k-€-32k€-26k▲ 18.8%€111k€29k▼ 74.1%
2021: €29k
2022: €-32k▼ -211% vs 2021lowest in 5 years
2023: €-26k▲ +18.8% vs 2022
2024: €111k▲ +528% vs 2023highest in 5 years
2025: €29k▼ -74.1% vs 2024
Net result€17k-€-46k€-35k▲ 24.0%€104k€21k▼ 79.8%
2021: €17k
2022: €-46k▼ -379% vs 2021lowest in 5 years
2023: €-35k▲ +24.0% vs 2022
2024: €104k▲ +397% vs 2023highest in 5 years
2025: €21k▼ -79.8% vs 2024
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 74% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.07M
Fixed assets
€15k ▼ 37.5%
Current assets
€2.05M ▲ 50.8%
Equity and liabilities €2.07M
Equity
€233k ▲ 9.9%
Debt
€1.83M ▲ 56.4%
Debt's share of the balance-sheet total rises from 84.7% to 88.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39k▼
2024 · €120k
Cash flow
€31k▼
2024 · €112k
Current ratio
1.12▼
2024 · 1.16
Quick ratio
0.60▲
2024 · 0.46
Debt to equity
7.86▲
2024 · 5.53
ROE
9.0%▼
2024 · 49.0%
ROA
1.0%▼
2024 · 7.5%
Interest coverage
43.85▼
2024 · 254.57
Debt ≤ 1 year
€1.83M▲
2024 · €1.17M
Income taxes
€9k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.39M€2.07M▲
Fixed assets21/28€24k€15k▼
Tangible fixed assets22/27€24k€15k▼
Plant, machinery and equipment23€3k€994▼
Furniture and vehicles24€21k€14k▼
Current assets29/58€1.36M€2.05M▲
Stocks and contracts in progress3€820k€960k▲
Stocks30/36€820k€960k▲
Amounts receivable within one year40/41€70k€69k▼
Trade receivables40€139€219▲
Other amounts receivable41€70k€69k▼
Cash at bank and in hand54/58€471k€1.02M▲
Deferred charges and accrued income490/1€793-
Equity and liabilities
Total equity and liabilities10/49€1.39M€2.07M▲
Equity10/15€212k€233k▲
Contributions10/11€19k€19k=
Reserves13€194k€215k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€192k€213k▲
Amounts payable17/49€1.17M€1.83M▲
Amounts payable within one year42/48€1.17M€1.83M▲
Trade debts44€12k€110k▲
Suppliers440/4€12k€110k▲
Taxes, remuneration and social security45€87k€29k▼
Taxes450/3€87k€29k▼
Other amounts payable47/48€1.07M€1.70M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€121k€40k▼
Operating profit (loss)9901€111k€29k▼
Financial income75/76B€122€2k▲
Recurring financial income75€122€2k▲
Financial charges65/66B€469€882▲
Recurring financial charges65€469€882▲
Profit (loss) for the period before taxes9903€111k€30k▼
Income taxes67/77€7k€9k▲
Profit (loss) for the period9904€104k€21k▼
Profit (loss) for the period to be appropriated9905€104k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€21k▼
Profit (loss) brought forward from the previous period14P€-81k-
Transfer to equity691/2€23k€21k▼
To other reserves6921€23k€21k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €7k | €8k | €8k | €10k | ▲ 22.1% |
| Other operating charges640/8 | €1k | €801 | €1k | €2k | €1k | ▼ 14.0% |
| Gross operating margin9900 | €33k | €-24k | €-17k | €121k | €40k | ▼ 67.0% |
| Operating profit (loss)9901 | €29k | €-32k | €-26k | €111k | €29k | ▼ 74.1% |
| Financial income75/76B | €152 | €1 | €804 | €122 | €2k | ▲ 1,566% |
| Recurring financial income75 | €152 | €1 | €804 | €122 | €2k | ▲ 1,566% |
| Financial charges65/66B | €7k | €14k | €10k | €469 | €882 | ▲ 87.9% |
| Recurring financial charges65 | €7k | €14k | €10k | €469 | €882 | ▲ 87.9% |
| Profit (loss) for the period before taxes9903 | €22k | €-46k | €-35k | €111k | €30k | ▼ 73.0% |
| Income taxes67/77 | €6k | €-190 | - | €7k | €9k | ▲ 28.4% |
| Profit (loss) for the period9904 | €17k | €-46k | €-35k | €104k | €21k | ▼ 79.8% |
| Profit (loss) for the period to be appropriated9905 | €17k | €-46k | €-35k | €104k | €21k | ▼ 79.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.20M | €1.92M | €2.63M | €1.39M | €2.07M | ▲ 49.2% |
| Fixed assets21/28 | €9k | €30k | €22k | €24k | €15k | ▼ 37.5% |
| Tangible fixed assets22/27 | €9k | €30k | €22k | €24k | €15k | ▼ 37.5% |
| Plant, machinery and equipment23 | €9k | €6k | €4k | €3k | €994 | ▼ 71.0% |
| Furniture and vehicles24 | - | €24k | €18k | €21k | €14k | ▼ 31.9% |
| Current assets29/58 | €1.19M | €1.89M | €2.60M | €1.36M | €2.05M | ▲ 50.8% |
| Stocks and contracts in progress3 | €980k | €1.21M | €2.30M | €820k | €960k | ▲ 17.1% |
| Stocks30/36 | €980k | €1.21M | €2.30M | €820k | €960k | ▲ 17.1% |
| Amounts receivable within one year40/41 | €73k | €18k | €76k | €70k | €69k | ▼ 1.5% |
| Trade receivables40 | - | €1k | - | €139 | €219 | ▲ 57.3% |
| Other amounts receivable41 | €73k | €16k | €76k | €70k | €69k | ▼ 1.6% |
| Cash at bank and in hand54/58 | €133k | €666k | €231k | €471k | €1.02M | ▲ 118% |
| Deferred charges and accrued income490/1 | - | - | - | €793 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.20M | €1.92M | €2.63M | €1.39M | €2.07M | ▲ 49.2% |
| Equity10/15 | €189k | €143k | €108k | €212k | €233k | ▲ 9.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €171k | €171k | €171k | €194k | €215k | ▲ 10.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €169k | €169k | €169k | €192k | €213k | ▲ 10.9% |
| Profit (loss) carried forward14 | - | €-46k | €-81k | - | - | - |
| Amounts payable17/49 | €1.01M | €1.78M | €2.52M | €1.17M | €1.83M | ▲ 56.4% |
| Amounts payable within one year42/48 | €1.01M | €1.78M | €2.52M | €1.17M | €1.83M | ▲ 56.4% |
| Trade debts44 | €106k | €153k | €118k | €12k | €110k | ▲ 798% |
| Suppliers440/4 | €106k | €153k | €118k | €12k | €110k | ▲ 798% |
| Taxes, remuneration and social security45 | €2k | €56k | €7k | €87k | €29k | ▼ 67.4% |
| Taxes450/3 | €2k | €56k | €7k | €87k | €29k | ▼ 67.4% |
| Other amounts payable47/48 | €898k | €1.57M | €2.39M | €1.07M | €1.70M | ▲ 58.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €-46k | €-35k | €104k | €21k | ▼ 79.8% |
| + Depreciation and write-downs630 | €2k | €7k | €8k | €8k | €10k | ▲ 22.1% |
| Operating cash flow (approximation) | €19k | €-39k | €-27k | €112k | €31k | ▼ 72.5% |
| Investment in fixed assets (approximation) | - | €-28k | €0 | €-10k | €-826 | ▲ 92.0% |
| Change in cash | - | €533k | €-435k | €239k | €553k | ▲ 131% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €104k
Net result €104k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €212k ▲96.1%
Equity rises from €108k to €212k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €147k ▲788%
Operating result €212k, net result €147k, both a record.
31-12
Financial
Equity above €150kEq €161k ▲1,096%
2 profitable years in a row build equity to €161k.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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, Malle · 1 establishment unit since 2017
Ground area
1,473 m²
Building footprint
189 m²
Volume, LiDAR
1,546 m³
Parcel 11049B0588/00V000, Flanders · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ADÈLE INVEST
since 20172.264.247.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049B0588/00V000 | Flanders | 1,473 m² | 1 · 189 m² | 15.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,274 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
Founded01-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.