Debts
€176,223 71% of the balance sheet
Suppliers 54%Taxes and wages 29%Other 16%
ADELL
Lifetime
2 annual accounts with figures on one time axispeak €64,445 (2025)
€64,445▲ 26.7%
peak €35,603 (2025)
€35,603▲ 5.4%
peak €71,890 (2025)
€71,890▲ 98.1%
€176,223▲ 19.4%
Board3 names since 2023
3 directorsBosmans Michaël and 2 others
Documentsfilings and deeds
26-10-202687 days late
2025micro format
Gross margin from €50,864 to €64,445Appointment: Bos Xavier (director) 24-03Equity from €36,287 to €71,890Debts from €147,650 to €176,223Investments €10,150Cash from €870 to €25,073
Key points
from the 2025 annual accountsInvestments
€10,150 2.7 × depreciation
Green is investment, beige is depreciation.
Board
2 left
Directors left. Latest change 30-06-2026 · 1 in office.
2025 accounts filed 87 days after the deadline
Checked score
51
Fair
Financially stronger than 52% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2025: 7.9%
02-2025: 8.0%▲ +0.1 percentage points vs 01-2025
03-2025: 8.1%▲ +0.1 percentage points vs 02-2025
04-2025: 8.8%▲ +0.7 percentage points vs 03-2025
05-2025: 8.8%● unchanged vs 04-2025
06-2025: 9.2%▲ +0.4 percentage points vs 05-2025
07-2025: 9.5%▲ +0.3 percentage points vs 06-2025
08-2025: 8.6%▼ -0.9 percentage points vs 07-2025
09-2025: 8.6%● unchanged vs 08-2025
10-2025: 8.6%● unchanged vs 09-2025
11-2025: 8.6%● unchanged vs 10-2025
12-2025: 8.8%▲ +0.2 percentage points vs 11-2025
01-2026: 8.8%● unchanged vs 12-2025
02-2026: 8.8%● unchanged vs 01-2026
03-2026: 8.8%● unchanged vs 02-2026
04-2026: 9.8%▲ +1.0 percentage point vs 03-2026highest value
05-2026: 5.2%▼ -4.6 percentage points vs 04-2026
06-2026: 5.2%● unchanged vs 05-2026
07-2026: 5.1%▼ -0.1 percentage points vs 06-2026
08-2026: 5.5%▲ +0.4 percentage points vs 07-2026
09-2026: 5.6%▲ +0.1 percentage points vs 08-2026
10-2026: 3.2%▼ -2.4 percentage points vs 09-2026lowest value
11-2026: 3.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Founded in 2023
Last filed accounts filed 87 days late; 1 of the last 3 accounts late
Size: total assets €248,113
Sector: Specialised construction activities (NACE 43)
Calculation
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 43, micro). It does better than 31% of them on solvency, 14% on liquidity, 71% on profitability and 91% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as ADELL has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ADELL itself: 3.2% within 12 months.
Test of the method
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 7,976 companies, not a prediction for ADELL. 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.
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.32 (1.19 in 2024), below the usual 1.5. Short-term debt is 71% and cash 10.1% of total assets. 71% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 87 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-10-2026, 87 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
87 days late
2024
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 32 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignations: Berlan Julien (director) and Bos Xavier (director)
Bosmans Michael holds 100 shares · General meeting of 25-06-2026 · Gazette deed
Appointment: Bos Xavier (proxy holder)
General meeting of 10-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1003373047
Appointment: Bos Xavier (director)
Bosmans Michaël holds 100 shares · Berlan Julien holds 100 shares · General meeting of 07-03-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ADELL Quaregnon | €248,113 | €64,445 | 29.0% | - |
| TERRASSEMENT DEBOSSCHERE ARNAUD Fontaine-l'Evêque | €204,610 | €54,684 | 20.6% | - |
| BAYAT Zaventem | €190,252 | €62,984 | 22.4% | - |
| GRONDWERKEN DE RIDDER BEN Dendermonde | €251,692 | €74,847 | 33.2% | - |
| Deweerdt Grondwerken Oostrozebeke | €241,961 | €51,849 | 12.1% | - |
| Hamoir Bruno Terrassement Juprelle | €294,312 | €79,661 | 26.3% | - |
| VLOEMANS ALGEMENE WERKEN Brecht | €232,775 | €76,336 | 56.1% | - |
These companies have the same main activity as ADELL: site preparation (NACE 43120). They are comparable in size and age: total assets between €190,000 and €294,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 14-12-2023Normal situation
- Activity
- Site preparationNACE 43120and 2 others
- Establishment unit
- 2.354.760.6177390 Quaregnon, since 29-01-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- ≈ €270,000estimated
- €248,113▲ 34.9%
- ≈ 0.1 FTEestimated
- Filing
- Filed on 26-10-2026
Insights on ADELL
The computed 12-month bankruptcy probability of ADELL is 3.2% (moderate). The 2025 annual accounts show equity of €71,890 and a net result of €35,603.
Its solvency ranks better than 31% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ADELL
- What is the company number of ADELL?
- The company number of ADELL is 1003.373.047. The VAT number is the same number with BE in front: BE 1003.373.047.
- Where is ADELL based?
- The registered office is at Rue de l'Imprimerie 23.2, 7390 Quaregnon.Company details
- What does ADELL do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of ADELL?
- ADELL is a private limited company (BV).
- When was ADELL founded?
- ADELL was founded on 14-12-2023.
- Is ADELL still active?
- Yes, ADELL is an active enterprise in the KBO register.
- What is the turnover of ADELL?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €64,445 and 34 comparable companies (NACE 431). It probably lies between €190,000 and €470,000.Financials
- Is ADELL profitable?
- In financial year 2025, ADELL made a profit of €35,603.
- Where can I find the annual accounts of ADELL?
- ADELL filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ADELL due?
- ADELL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.