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ADELINA

Active
Private limited companyfounded 20242 yrs activeRue des Grands-Prés 2, 4032 Liège, BelgiumKBO/BCE: BE 1004.974.438
Summary

The computed 12-month bankruptcy probability of ADELINA is 4.3% (elevated). The 2025 annual accounts show equity of €4,847 and a net result of €14,128. Its solvency ranks better than 31% of 13874 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

What they do
Full-service restaurants
NACE 56111Full-service restaurants NACE 56101Limited-service restaurants NACE 56102
1 site
How big
€58,774total assets 2025
Staff
2 FTE
Equity
€4,847
Profit
€14,128
Turnover not published (abridged schema)
Financially healthy?
53 Fair Checked score 2025
Bankruptcy chance 12 m
4.3%
Who decides
Accounts 5 d early0 of 2 deeds read
Why 53- Higher-failure-rate sector- Young company- Higher-failure-rate regionLatest accounts filed on timeShow the evidence

Checked score

Score 2025
Axes · tick = 2024
Profitability99▲+99
Solvency33▲+33
Growth78
Track record82
Bankruptcy probability, 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.83 against 0.38 in 2024; short-term debt: 91.8% and cash: 67.2% of total assets), and 91.8% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Four signals. The signal on the left, the evidence on the right.
+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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-07-2026, 5 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
5 d early
2024
16 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

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 months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Back to profitnet €14,128
  3. Annual accounts filedfiscal year 2024 · micro…

Financials

Fiscal year 2025Total assets €58,774Profit €14,128Solvency 8.2%Liquidity 0.83
Total assets
€58,774▲ 68.2%
2024 - 2025
Net result
€14,128
2024 - 2025
Equity
€4,847
2024 - 2025
Staff (FTE)
2
2025

Financials · fiscal year 2025, micro schema

Trend over the years2 fiscal years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€11,790-€14,977
Net result-€12,281below the sector's middle half-€14,128within the sector's middle half
Equity-€9,281below the sector's middle half-€4,847within the sector's middle half
Total assets€34,939below the sector's middle half-€58,774within the sector's middle half▲ 68.2%
Debt€44,220-€53,927▲ 22.0%
Working capital-€26,625within the sector's middle half--€9,268within the sector's middle half▲ 65.2%
Solvency-26.6%below the sector's middle half-8.2%within the sector's middle half▲ 34.8pp
Current ratio0.38below the sector's middle half-0.83within the sector's middle half▲ 0.44
Return on assets (ROA)-35.2%below the sector's middle half-24.0%above the sector's middle half▲ 59.2pp
Staff (FTE)2
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 and balance sheet2025
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2024: -€11,790-€11,790Net result 2024: -€12,281-€12,281Operating result 2025: €14,977€14,977Net result 2025: €14,128€14,12820242025-€20,000-€10,000€0€10,000Operating result 2024: -€11,790-€11,800Net result 2024: -€12,281-€12,300Operating result 2025: €14,977€15,000Net result 2025: €14,128€14,10020242025
The operating result returns to profit in 2025: €14,977 after a loss of €11,790 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,774
Fixed assets €14,115 ▼ 23.1%
Current assets €44,659 ▲ 169%
Equity and liabilities €58,774
Equity €4,847
Debt €53,927
Debt finances 91.8% of the balance-sheet total.
Key figures and ratios2025
Key figures and ratios
2025 value · change against 2024
EBITDA
€19,206▲
2024 · -€7,844
Cash flow
€18,357▲
2024 · -€8,335
Quick ratio
0.80▲
2024 · 0.37
Debt to equity
11.13
ROE
291.5%
Interest coverage
21.38▲
2024 · -15.98
Debt ≤ 1 year
€53,927▲
2024 · €43,220
Income taxes
€0
Staff costs
€51,143▲
2024 · €33,342
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,157 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
3.0% went bankrupt
2.8% stopped otherwise
94% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,157 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.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€34,939€58,774▲
Fixed assets21/28€18,344€14,115▼
Intangible fixed assets21€16,208€12,208▼
Tangible fixed assets22/27€2,136€1,907▼
Plant, machinery and equipment23€2,136€1,907▼
Current assets29/58€16,595€44,659▲
Stocks and contracts in progress3€708€1,638▲
Stocks30/36€708€1,638▲
Amounts receivable within one year40/41€208€170▼
Trade receivables40-€170
Other amounts receivable41€208-
Cash at bank and in hand54/58€14,683€39,508▲
Deferred charges and accrued income490/1€996€3,343▲
Equity and liabilities
Total equity and liabilities10/49€34,939€58,774▲
Equity10/15-€9,281€4,847▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€12,281€1,847▲
Amounts payable17/49€44,220€53,927▲
Amounts payable after more than one year17€1,000-
Other amounts payable178/9€1,000-
Amounts payable within one year42/48€43,220€53,927▲
Trade debts44€7,784€6,619▼
Suppliers440/4€7,784€6,619▼
Taxes, remuneration and social security45€3,101€5,369▲
Taxes450/3-€1,662
Remuneration and social security454/9€3,101€3,708▲
Other amounts payable47/48€32,335€41,938▲
Income statement Code20242025
Remuneration, social security and pensions62€33,342€51,143▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,946€4,229▲
Other operating charges640/8€387€635▲
Gross operating margin9900€25,885€70,985▲
Operating profit (loss)9901-€11,790€14,977▲
Financial income75/76B-€48
Recurring financial income75-€48
Financial charges65/66B€491€898▲
Recurring financial charges65€491€898▲
Profit (loss) for the period before taxes9903-€12,281€14,128▲
Income taxes67/77-€0
Profit (loss) for the period9904-€12,281€14,128▲
Profit (loss) for the period to be appropriated9905-€12,281€14,128▲
Appropriation of the result
Profit (loss) to be appropriated9906-€12,281€1,847▲
Profit (loss) brought forward from the previous period14P--€12,281

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€33,342€51,143▲ 53.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,946€4,229▲ 7.2%
Other operating charges640/8€387€635▲ 63.9%
Gross operating margin9900€25,885€70,985▲ 174%
Operating profit (loss)9901-€11,790€14,977▲ 227%
Financial income75/76B-€48-
Recurring financial income75-€48-
Financial charges65/66B€491€898▲ 83.0%
Recurring financial charges65€491€898▲ 83.0%
Profit (loss) for the period before taxes9903-€12,281€14,128▲ 215%
Income taxes67/77-€0-
Profit (loss) for the period9904-€12,281€14,128▲ 215%
Profit (loss) for the period to be appropriated9905-€12,281€14,128▲ 215%
Line20242025Change
Assets
Total assets20/58€34,939€58,774▲ 68.2%
Fixed assets21/28€18,344€14,115▼ 23.1%
Intangible fixed assets21€16,208€12,208▼ 24.7%
Tangible fixed assets22/27€2,136€1,907▼ 10.7%
Plant, machinery and equipment23€2,136€1,907▼ 10.7%
Current assets29/58€16,595€44,659▲ 169%
Stocks and contracts in progress3€708€1,638▲ 131%
Stocks30/36€708€1,638▲ 131%
Amounts receivable within one year40/41€208€170▼ 18.4%
Trade receivables40-€170-
Other amounts receivable41€208--
Cash at bank and in hand54/58€14,683€39,508▲ 169%
Deferred charges and accrued income490/1€996€3,343▲ 236%
Equity and liabilities
Total equity and liabilities10/49€34,939€58,774▲ 68.2%
Equity10/15-€9,281€4,847▲ 152%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€12,281€1,847▲ 115%
Amounts payable17/49€44,220€53,927▲ 22.0%
Amounts payable after more than one year17€1,000--
Other amounts payable178/9€1,000--
Amounts payable within one year42/48€43,220€53,927▲ 24.8%
Trade debts44€7,784€6,619▼ 15.0%
Suppliers440/4€7,784€6,619▼ 15.0%
Taxes, remuneration and social security45€3,101€5,369▲ 73.2%
Taxes450/3-€1,662-
Remuneration and social security454/9€3,101€3,708▲ 19.6%
Other amounts payable47/48€32,335€41,938▲ 29.7%
Line20242025Change
Profit (loss) for the period9904-€12,281€14,128▲ 215%
+ Depreciation and write-downs630€3,946€4,229▲ 7.2%
Operating cash flow (approximation)-€8,335€18,357▲ 320%
Investment in fixed assets (approximation)-€0-
Change in cash-€24,825-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Comparable companies5

Similar companies · same sector, comparable size

Of 20,500 companies in this sector we hold annual accounts for 11,468. 4,939 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Timeline

3 eventsLatest 26-07-2026Next filing 31-07-2027

History

On 20 January 2024, ADELINA was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €14,128
Net result €14,128 after one loss-making year.
15-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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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Support & recognitions

1 register with a recognitionFASFC 1 site
FASFC
1
authorised site
Recognitions · licences · registrations1

Food safety, FASFC

1 site
Liègeunit no. 2.356.548.088
1 permission
Toelating · Eetgelegenheid · since 09-06-2026

Company details

Private limited company · founded 20-01-2024Year ends 31-12Peppol reachable1 site

Register details

Identification
Legal formPrivate limited company
Founded20-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID 0208:1004974438
Registered 22-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
160 m²
Building footprint
168 m²
Parcel 62023B0053/00D013, Wallonia. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
ADELINA
Rue des Grands-Prés 2, 4032 LiègeManufacture of food products
since 2024unit no. 2.356.548.088
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62023B0053/00D013 Wallonia 160 m² 1 · 168 m² -
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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