ADELFI
ActiveADELFI has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.39M and a net result of €57k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 95% of 1605 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
78
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-6
Solvency100=
Growth35=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 33.22 against 26.13 in 2024), and 0.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
99.3%
Return on assets
0.8%
Age of the figures
8 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
29 d late
2023
29 d late
2022
30 d late
2021
29 d late
2020
31 d late
2019
63 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€9k▲ 984%
2019 · €830
2018: €27k
2019: €830
2018 → 2020
EBIT margin
-1333.7%▲ 15179.7pp
2019 · -16513.4%
2018: -144.9%
2019: -16513.4%
2018 → 2020
Net result
€57k▼ 61.5%
2024 · €149k
2018: €2.21M
2019: €-42k
2020: €-115k
2021: €8k
2022: €1k
2023: €6k
2024: €149k
2018 → 2025
Working capital
€1.00M▲ 5.6%
2024 · €949k
2018: €535k
2019: €-44k
2020: €-76k
2021: €-79k
2022: €-29k
2023: €-5k
2024: €949k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7.17M-€7.18M=€7.18M▲ 0.1%€7.33M▲ 2.1%€7.39M▲ 0.8%
Operating result€-168-€2k€8k▲ 359%€6k▼ 24.6%€6k▲ 10.2%
Net result€8k-€1k▼ 82.8%€6k▲ 354%€149k▲ 2,262%€57k▼ 61.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.44M
Fixed assets
€6.41M▼ 0.2%
Current assets
€1.03M▲ 4.7%
Equity and liabilities €7.44M
Equity
€7.39M▲ 0.8%
Debt
€54k▼ 28.0%
The debt ratio falls from 1.0% to 0.7%: equity grows while debt is paid down.
Key figures and ratios
Solvency
99.3%▲
2024 · 99.0%
Current ratio
33.22▲
2024 · 26.13
Quick ratio
33.22▲
2024 · 26.13
Debt / equity
0.01▼
2024 · 0.01
ROE
0.8%▼
2024 · 2.0%
ROA
0.8%▼
2024 · 2.0%
Debt
€54k▼
2024 · €75k
Debt ≤ 1 year
€31k▼
2024 · €38k
Debt > 1 year
€23k▼
2024 · €37k
Income taxes
€2=
2024 · €2
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€7.41M€7.44M▲
Fixed assets21/28€6.42M€6.41M▼
Financial fixed assets28€6.42M€6.41M▼
Current assets29/58€987k€1.03M▲
Amounts receivable within one year40/41€980k€1.03M▲
Trade receivables40€3k€3k=
Other amounts receivable41€977k€1.03M▲
Cash at bank and in hand54/58€7k€3k▼
Equity and liabilities
Total equity and liabilities10/49€7.41M€7.44M▲
Equity10/15€7.33M€7.39M▲
Contributions10/11€19k€19k=
Reserves13€7.31M€7.37M▲
Distributable reserves133€7.31M€7.37M▲
Amounts payable17/49€75k€54k▼
Amounts payable after more than one year17€37k€23k▼
Financial debts170/4€37k€23k▼
Amounts payable within one year42/48€38k€31k▼
Current portion of amounts payable after more than one year42€14k€14k▲
Trade debts44€482€655▲
Suppliers440/4€482€655▲
Other amounts payable47/48€24k€16k▼
Accrued charges and deferred income492/3€72€0▼
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€7k€8k▲
Operating profit (loss)9901€6k€6k▲
Financial income75/76B€162k€54k▼
Recurring financial income75€162k€54k▼
Financial charges65/66B€19k€3k▼
Recurring financial charges65€19k€3k▼
Profit (loss) for the period before taxes9903€149k€57k▼
Income taxes67/77€2€2=
Profit (loss) for the period9904€149k€57k▼
Profit (loss) for the period to be appropriated9905€149k€57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€149k€57k▼
Transfer to equity691/2€149k€57k▼
To other reserves6921€149k€57k▼
The notes to these accounts (16 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Liquidity times 28current ratio 26.13
Current ratio from 0.94 to 26.13; short-term debt falls from €74k to €38k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-115k
Net result drops to €-115k, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 63 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2012
04-04
State Gazette act
General meeting · Director reappointment
Permanent representative
Financial milestoneState Gazette actNBB 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, Kortrijk · 1 establishment unit since 2003
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.
Engelse Wandeling(Mar) 768510 KortrijkGround area
1,317 m²
Building footprint
325 m²
Volume, LiDAR
2,147 m³
Parcel 34026A0490/00N000, Flanders · tallest building 8.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ADELFI
since 20032.132.801.455
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0490/00N000 | Flanders | 1,317 m² | 1 · 325 m² | 8.5 m · 3 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.
Structure & network
Ownership & control
1 partyADELFIBE 0859.769.101
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 2,706 companies in sector 73200 we hold annual accounts for 1,775. 411 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-2003
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
74131
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.