ADELIN
ActiveSummary
The computed 12-month bankruptcy probability of ADELIN is 2.4% (moderate). The 2024 annual accounts show negative equity (-€246) and a net result of -€21,848. Equity is growing by ~49.1% per year across the filed fiscal years. Its solvency ranks better than 27% of 18940 sector peers (fiscal year 2024). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-78
Solvency24▼-69
Growth52=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 1.35 in 2023; short-term debt: 100.7% and cash: 9.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-0.7%
Return on assets
-58%
Age of the figures
21 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€246
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
on the day
2022
16 d late
2021
24 d late
2020
13 d late
2019
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€246
2023 · €21,601
Total assets
€37,648▲ 18.0%
2023 · €31,901
Net result
-€21,848
2023 · €2,461
Working capital
-€16,530
2023 · €3,654
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€10,147▲ 42.4%€25,599▲ 152%€13,213▼ 48.4%€4,498▼ 66.0%-€19,778
Net result€9,401within the sector's middle half▲ 44.1%€22,351within the sector's middle half▲ 138%€9,707within the sector's middle half▼ 56.6%€2,461within the sector's middle half▼ 74.7%-€21,848below the sector's middle half
Equity-€12,918below the sector's middle half▲ 42.1%€9,434within the sector's middle half€19,141within the sector's middle half▲ 103%€21,601within the sector's middle half▲ 12.9%-€246within the sector's middle half
Total assets€36,469below the sector's middle half▼ 13.8%€28,449below the sector's middle half▼ 22.0%€27,933below the sector's middle half▼ 1.8%€31,901below the sector's middle half▲ 14.2%€37,648below the sector's middle half▲ 18.0%
Debt€49,387▼ 23.6%€19,015▼ 61.5%€8,792▼ 53.8%€10,300▲ 17.1%€37,895▲ 268%
Working capital-€34,933below the sector's middle half▲ 18.9%-€6,166within the sector's middle half▲ 82.3%€3,866within the sector's middle half€3,654within the sector's middle half▼ 5.5%-€16,530within the sector's middle half
Solvency-35.4%below the sector's middle half▲ 17.4pp33.2%within the sector's middle half▲ 68.6pp68.5%above the sector's middle half▲ 35.4pp67.7%above the sector's middle half▼ 0.8pp-0.7%within the sector's middle half▼ 68.4pp
Current ratio0.25below the sector's middle half▲ 0.030.68within the sector's middle half▲ 0.421.44within the sector's middle half▲ 0.761.35within the sector's middle half▼ 0.080.56within the sector's middle half▼ 0.79
Return on assets (ROA)25.8%above the sector's middle half▲ 10.4pp78.6%above the sector's middle half▲ 52.8pp34.8%above the sector's middle half▼ 43.8pp7.7%within the sector's middle half▼ 27.0pp-58.0%below the sector's middle half▼ 65.7pp
Staff (FTE)11=1.7▲ 70.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €19,778 after €4,498 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37,648
Fixed assets
€16,284 ▼ 9.3%
Current assets
€21,365 ▲ 53.1%
Key figures and ratios
EBITDA
-€16,747▼
2023 · €7,544
Cash flow
-€18,817▼
2023 · €5,506
Quick ratio
0.41▼
2023 · 1.27
Interest coverage
-11.80▼
2023 · 19.71
Debt ≤ 1 year
€37,895▲
2023 · €10,300
Income taxes
€822▼
2023 · €1,760
Staff costs
€39,188▲
2023 · €13,487
Equity ratios withheld: equity of -€246 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €4,093 | €10,962 | €13,487 | €39,188 | ▲ 191% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,668 | €10,867 | €2,033 | €3,046 | €3,031 | ▼ 0.5% |
| Other operating charges640/8 | - | €1,623 | €3,393 | €3,834 | €3,635 | ▼ 5.2% |
| Gross operating margin9900 | €27,590 | €42,182 | €29,601 | €24,865 | €26,076 | ▲ 4.9% |
| Operating profit (loss)9901 | €10,147 | €25,599 | €13,213 | €4,498 | -€19,778 | ▼ 540% |
| Financial income75/76B | - | €93 | €143 | €105 | €172 | ▲ 63.4% |
| Recurring financial income75 | - | €93 | €143 | €105 | €172 | ▲ 63.4% |
| Financial charges65/66B | - | €331 | €456 | €383 | €1,419 | ▲ 271% |
| Recurring financial charges65 | €497 | €331 | €456 | €383 | €1,419 | ▲ 271% |
| Profit (loss) for the period before taxes9903 | €9,650 | €25,361 | €12,899 | €4,220 | -€21,026 | ▼ 598% |
| Income taxes67/77 | €249 | €3,010 | €3,192 | €1,760 | €822 | ▼ 53.3% |
| Profit (loss) for the period9904 | €9,401 | €22,351 | €9,707 | €2,461 | -€21,848 | ▼ 988% |
| Profit (loss) for the period to be appropriated9905 | €9,401 | €22,351 | €9,707 | €2,461 | -€21,848 | ▼ 988% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,469 | €28,449 | €27,933 | €31,901 | €37,648 | ▲ 18.0% |
| Fixed assets21/28 | €24,648 | €15,600 | €15,275 | €17,947 | €16,284 | ▼ 9.3% |
| Tangible fixed assets22/27 | €14,790 | €5,742 | €5,417 | €8,090 | €5,058 | ▼ 37.5% |
| Land and buildings22 | - | - | €1,509 | €1,167 | €826 | ▼ 29.3% |
| Plant, machinery and equipment23 | - | €4,793 | €3,275 | €5,161 | €3,259 | ▼ 36.9% |
| Furniture and vehicles24 | - | €949 | €634 | €1,761 | €974 | ▼ 44.7% |
| Financial fixed assets28 | €9,858 | €9,858 | €9,858 | €9,858 | €11,225 | ▲ 13.9% |
| Current assets29/58 | €11,822 | €12,849 | €12,658 | €13,954 | €21,365 | ▲ 53.1% |
| Stocks and contracts in progress3 | €843 | €1,868 | €1,743 | €825 | €5,936 | ▲ 620% |
| Stocks30/36 | - | €1,868 | €1,743 | €825 | €5,936 | ▲ 620% |
| Amounts receivable within one year40/41 | €3,465 | €2,355 | €3,419 | €8,152 | €11,339 | ▲ 39.1% |
| Trade receivables40 | - | - | €630 | €4,676 | €778 | ▼ 83.4% |
| Other amounts receivable41 | - | €2,355 | €2,789 | €3,475 | €10,561 | ▲ 204% |
| Cash at bank and in hand54/58 | €7,226 | €8,196 | €7,075 | €4,978 | €3,740 | ▼ 24.9% |
| Deferred charges and accrued income490/1 | - | €431 | €420 | - | €349 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,469 | €28,449 | €27,933 | €31,901 | €37,648 | ▲ 18.0% |
| Equity10/15 | -€12,918 | €9,434 | €19,141 | €21,601 | -€246 | ▼ 101% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | - | - | - |
| Issued capital100 | - | €18,592 | €18,592 | - | - | - |
| Profit (loss) carried forward14 | -€31,510 | -€9,158 | €549 | €3,009 | -€18,838 | ▼ 726% |
| Amounts payable17/49 | €49,387 | €19,015 | €8,792 | €10,300 | €37,895 | ▲ 268% |
| Amounts payable after more than one year17 | €2,632 | - | - | - | - | - |
| Amounts payable within one year42/48 | €46,755 | €19,015 | €8,792 | €10,300 | €37,895 | ▲ 268% |
| Current portion of amounts payable after more than one year42 | - | €2,632 | - | - | - | - |
| Trade debts44 | €2,200 | €2,745 | €4,214 | €3,440 | €23,679 | ▲ 588% |
| Suppliers440/4 | - | €2,745 | €4,214 | €3,440 | €23,679 | ▲ 588% |
| Taxes, remuneration and social security45 | - | €3,311 | €4,578 | €6,860 | €14,215 | ▲ 107% |
| Taxes450/3 | - | €3,311 | €4,549 | €4,913 | €5,544 | ▲ 12.8% |
| Remuneration and social security454/9 | - | - | €29 | €1,946 | €8,671 | ▲ 345% |
| Other amounts payable47/48 | - | €10,327 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,401 | €22,351 | €9,707 | €2,461 | -€21,848 | ▼ 988% |
| + Depreciation and write-downs630 | €10,668 | €10,867 | €2,033 | €3,046 | €3,031 | ▼ 0.5% |
| Operating cash flow (approximation) | €20,069 | €33,218 | €11,740 | €5,506 | -€18,817 | ▼ 442% |
| Investment in fixed assets (approximation) | - | -€1,819 | -€1,708 | -€5,718 | -€1,368 | ▲ 76.1% |
| Change in cash | - | €970 | -€1,121 | -€2,097 | -€1,237 | ▲ 41.0% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€21,848
Net result drops to -€21,848, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.44
Current ratio from 0.68 to 1.44; short-term debt falls from €19,015 to €8,792.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €22,351 ▲138%
Operating result €25,599, net result €22,351, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Namur · 1 establishment unit since 1993
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.
Av. du Bourg. Jean Materne(JB) 2265100 Namur1 establishment unit
LE FOUQUET'S
since 19932.060.823.891
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.060.823.891
Similar companies · same sector, comparable size
HDH GROUP
BE 0684.562.949
Jette · Eq €21,577
TOPSPORTCAFÉ
BE 1001.675.547
Gent · Eq €21,574
VEMLA
BE 0598.994.596
Dendermonde · Eq €21,568
HAGER
BE 0889.697.163
Maaseik · Eq €21,638
FOLI A-Z
BE 0809.144.603
Kasterlee · Eq €21,655
Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. 4,015 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
Founded22-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448997954
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.