Financials
- Fiscal year
- 2024
- Total assets
- €15.3m
- Loss
- -€5,418
- Solvency
- 49.9%
Turnover▲ 25.6%
Net result
20182023
ADELPHIA
ActiveSummary
The computed 12-month bankruptcy probability of ADELPHIA is 2.0% (moderate). The 2024 annual accounts show equity of €7.7m and a net result of -€5,418. Equity is growing by ~50.2% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Activity not known1 site
Size
€15.3mtotal assets 2024
- Equity
- €7.7m
- Loss
- -€5,418
Structure
Accounts 37 d early0 of 1 deed read
Why 53- Liquidity: current ratio 0.00, cash €806- Figures for FY 2024 (filed 12-09-2025)- Founded in 2013+ Size: total assets €15.3mShow the evidence
Checked score
Score 2024
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 41% of its sector peers (no NACE code, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
75+2
equity 49.9% of total assets
Liquidity
50=
short-term debt 5.6% · cash 0.0%
Profitability
40-19
return on assets 0.0%
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 5 months
06-2026: 0.9%
07-2026: 0.6%▼ -30.2% vs 06-2026lowest value
08-2026: 1.0%▲ +58.4% vs 07-2026
09-2026: 1.1%▲ +14.8% vs 08-2026
10-2026: 2.0%▲ +76.5% vs 09-2026highest value
- Liquidity: current ratio 0.00, cash €806 raises the probability
- Figures for FY 2024 (filed 12-09-2025) raises the probability
- Size: total assets €15.3m lowers the probability for this profile
- Founded in 2013 raises the probability for this profile
Credit up to €400,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.0 in 2023; short-term debt: 5.6% and cash: 0% of total assets), and 50.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, medium-sized). Better than this share of them on solvency 37%, liquidity 37%, profitability 53%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
43 d late
2023
69 d early
2022
13 d early
2021
25 d early
2020
10 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 6 July (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · full…
- Annual accounts filedfiscal year 2023 · full…
Key points
By topic
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 24-06-2026Annual accounts filed
- 12-09-2025Annual accounts filed
- 23-05-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Founded
- 07-06-2013
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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