ADEM
ActiveSummary
ADEM has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.7m and a net result of -€360,765. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 47% of 465 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-1
Solvency71▼-10
Growth38▼-12
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.24 in 2024; short-term debt: 34.3% and cash: 16.2% of total assets), and 54% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Residential care activities (NACE 87)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
46%
Return on assets
-2.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€360,765
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
33 d early
2022
31 d early
2021
34 d early
2020
31 d early
2019
38 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 24% 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 employer in Bierbeek#1 company by total assets in Bierbeek, Health and social work sector#1 company by equity in Bierbeek, Health and social work sector
Turnover
€961,851▲ 12.9%
2024 · €851,909
EBIT margin
-32.8%▼ 10.8pp
2024 · -22.0%
Net result
-€360,765▼ 84.0%
2024 · -€196,017
Working capital
€362,968▼ 62.3%
2024 · €962,529
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€700,912▲ 3.8%€725,858▲ 3.6%€833,280▲ 14.8%€851,909▲ 2.2%€961,851▲ 12.9%
Operating result€467,175▲ 65.9%-€55,480-€117,537▼ 112%-€187,305▼ 59.4%-€315,739▼ 68.6%
Net result€456,538▲ 68.8%-€71,441-€127,119▼ 77.9%-€196,017▼ 54.2%-€360,765▼ 84.0%
EBIT margin66.7%▲ 24.9pp-7.6%▼ 74.3pp-14.1%▼ 6.5pp-22.0%▼ 7.9pp-32.8%▼ 10.8pp
Equity€6.3m▲ 3.7%€6.1m▼ 3.8%€6.0m▼ 2.3%€6.0m▲ 1.4%€5.7m▼ 5.3%
Total assets€10.6m▲ 2.2%€10.8m▲ 2.4%€11.0m▲ 1.6%€10.8m▼ 2.2%€12.4m▲ 15.4%
Debt€4.2m▲ 0.3%€4.7m▲ 11.9%€5.1m▲ 6.8%€4.7m▼ 6.5%€6.7m▲ 41.8%
Working capital€2.3m▲ 23.4%€1.9m▼ 18.6%€1.0m▼ 45.4%€962,529▼ 4.9%€362,968▼ 62.3%
Staff (FTE)185.6▲ 0.6%192.3▲ 3.6%198▲ 3.0%206.2▲ 4.1%209.1▲ 1.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Net result -84% on 2024. Cause not known from the registers.
- 2021 Net result +69% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €315,739 in 2025 against €187,305 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.4m
Fixed assets
€7.8m ▲ 33.2%
Current assets
€4.6m ▼ 5.8%
Equity and liabilities €12.4m
Equity
€5.7m ▼ 5.3%
Debt
€6.7m ▲ 41.8%
Debt's share of the balance-sheet total rises from 43.9% to 54.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€353,904▼
2024 · €399,528
Cash flow
€308,878▼
2024 · €390,816
Current ratio
1.09▼
2024 · 1.24
Debt to equity
1.17▲
2024 · 0.78
ROE
-6.3%▼
2024 · -3.2%
ROA
-2.9%▼
2024 · -1.8%
Interest coverage
6.24▼
2024 · 13.32
Debt ≤ 1 year
€4.3m▲
2024 · €3.9m
Debt > 1 year
€2.4m▲
2024 · €685,367
Staff costs
€16.5m▲
2024 · €15.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 815 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.8%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,058 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% | 1.6% |
| 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 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 815 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €14.5m | €15.8m | €17.1m | €18.4m | €19.1m | ▲ 3.7% |
| Turnover70 | €700,912 | €725,858 | €833,280 | €851,909 | €961,851 | ▲ 12.9% |
| Other operating income74 | €327,213 | €361,935 | €418,733 | €418,537 | €443,659 | ▲ 6.0% |
| Non-recurring operating income76A | €3,814 | €15,639 | €5,781 | €1,285 | €8,514 | ▲ 563% |
| Operating charges60/66A | €14.0m | €15.9m | €17.2m | €18.6m | €19.4m | ▲ 4.3% |
| Goods for resale, raw materials and consumables60 | €534,160 | €656,275 | €663,219 | €726,137 | €662,857 | ▼ 8.7% |
| Purchases600/8 | €529,990 | €654,075 | €663,683 | €721,373 | €662,857 | ▼ 8.1% |
| Change in stocks: decrease (increase)609 | €4,169 | €2,199 | -€464 | €4,764 | - | - |
| Services and other goods61 | €1.1m | €1.3m | €1.3m | €1.5m | €1.6m | ▲ 2.2% |
| Remuneration, social security and pensions62 | €11.9m | €13.3m | €14.6m | €15.7m | €16.5m | ▲ 5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €523,378 | €570,081 | €594,861 | €586,833 | €669,643 | ▲ 14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€847 | - |
| Other operating charges640/8 | €38,383 | €32,705 | €38,901 | €74,578 | €47,634 | ▼ 36.1% |
| Non-recurring operating charges66A | €3,565 | €6,776 | €1,029 | €3,898 | - | - |
| Operating profit (loss)9901 | €467,175 | -€55,480 | -€117,537 | -€187,305 | -€315,739 | ▼ 68.6% |
| Financial income75/76B | €26,226 | €24,526 | €22,749 | €25,185 | €20,901 | ▼ 17.0% |
| Recurring financial income75 | €26,226 | €24,526 | €22,749 | €25,185 | €20,901 | ▼ 17.0% |
| Other financial income752/9 | €26,226 | €24,526 | €22,749 | €25,185 | €20,901 | ▼ 17.0% |
| Financial charges65/66B | €36,864 | €40,486 | €32,331 | €33,897 | €65,927 | ▲ 94.5% |
| Recurring financial charges65 | €36,864 | €40,486 | €32,331 | €33,897 | €65,927 | ▲ 94.5% |
| Debt charges650 | €35,748 | €33,291 | €30,763 | €30,004 | €56,679 | ▲ 88.9% |
| Other financial charges652/9 | €1,116 | €7,195 | €1,568 | €3,893 | €9,248 | ▲ 138% |
| Profit (loss) for the period before taxes9903 | €456,538 | -€71,441 | -€127,119 | -€196,017 | -€360,765 | ▼ 84.0% |
| Profit (loss) for the period9904 | €456,538 | -€71,441 | -€127,119 | -€196,017 | -€360,765 | ▼ 84.0% |
| Profit (loss) for the period to be appropriated9905 | €456,538 | -€71,441 | -€127,119 | -€196,017 | -€360,765 | ▼ 84.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.6m | €10.8m | €11.0m | €10.8m | €12.4m | ▲ 15.4% |
| Fixed assets21/28 | €5.1m | €5.2m | €5.8m | €5.8m | €7.8m | ▲ 33.2% |
| Tangible fixed assets22/27 | €5.1m | €5.2m | €5.8m | €5.8m | €7.8m | ▲ 33.2% |
| Land and buildings22 | €4.6m | €4.4m | €4.2m | €3.9m | €5.5m | ▲ 40.0% |
| Plant, machinery and equipment23 | €232,561 | €260,252 | €331,138 | €352,961 | €465,843 | ▲ 32.0% |
| Furniture and vehicles24 | €192,099 | €381,495 | €460,171 | €382,031 | €417,336 | ▲ 9.2% |
| Assets under construction and advance payments27 | €72,706 | €117,440 | €805,756 | €1.2m | €1.4m | ▲ 19.3% |
| Financial fixed assets28 | - | - | - | €1,000 | €1,000 | = |
| Other financial fixed assets284/8 | - | - | - | €1,000 | €1,000 | = |
| Shares284 | - | - | - | €1,000 | €1,000 | = |
| Current assets29/58 | €5.5m | €5.7m | €5.2m | €4.9m | €4.6m | ▼ 5.8% |
| Amounts receivable after more than one year29 | €510,766 | €469,111 | €425,601 | €380,154 | €315,750 | ▼ 16.9% |
| Other amounts receivable291 | €510,766 | €469,111 | €425,601 | €380,154 | €315,750 | ▼ 16.9% |
| Stocks and contracts in progress3 | €6,500 | €4,300 | €4,764 | - | - | - |
| Stocks30/36 | €6,500 | €4,300 | €4,764 | - | - | - |
| Goods purchased for resale34 | €6,500 | €4,300 | €4,764 | - | - | - |
| Amounts receivable within one year40/41 | €1.4m | €1.9m | €729,424 | €831,825 | €1.2m | ▲ 39.5% |
| Trade receivables40 | €131,421 | €151,647 | €166,279 | €165,889 | €166,207 | ▲ 0.2% |
| Other amounts receivable41 | €1.3m | €1.7m | €563,146 | €665,936 | €993,950 | ▲ 49.3% |
| Current investments50/53 | - | - | - | €998,950 | €998,950 | = |
| Cash at bank and in hand54/58 | €3.5m | €3.2m | €4.0m | €2.6m | €2.0m | ▼ 22.7% |
| Deferred charges and accrued income490/1 | €91,059 | €72,277 | €55,026 | €95,039 | €136,334 | ▲ 43.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.6m | €10.8m | €11.0m | €10.8m | €12.4m | ▲ 15.4% |
| Equity10/15 | €6.3m | €6.1m | €6.0m | €6.0m | €5.7m | ▼ 5.3% |
| Contributions10/11 | - | €993,237 | €1.2m | €1.2m | €1.2m | = |
| Capital10 | - | €993,237 | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €1.1m | €1.1m | €1.1m | €1.1m | €992,198 | ▼ 7.7% |
| Profit (loss) carried forward14 | €1.6m | €1.5m | €1.4m | €1.2m | €946,973 | ▼ 22.7% |
| Investment grants15 | €2.7m | €2.5m | €2.3m | €2.5m | €2.6m | ▲ 1.6% |
| Provisions and deferred taxes16 | €2,992 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €2,992 | - | - | - | - | - |
| Pensions and similar obligations160 | €2,992 | - | - | - | - | - |
| Amounts payable17/49 | €4.2m | €4.7m | €5.1m | €4.7m | €6.7m | ▲ 41.8% |
| Amounts payable after more than one year17 | €935,272 | €844,886 | €760,164 | €685,367 | €2.4m | ▲ 251% |
| Financial debts170/4 | €935,272 | €844,886 | €760,164 | €685,367 | €2.4m | ▲ 251% |
| Credit institutions173 | €935,272 | €844,886 | €760,164 | €685,367 | €2.4m | ▲ 251% |
| Amounts payable within one year42/48 | €3.2m | €3.8m | €4.2m | €3.9m | €4.3m | ▲ 7.9% |
| Current portion of amounts payable after more than one year42 | €92,185 | €90,386 | €84,722 | €75,580 | €78,506 | ▲ 3.9% |
| Trade debts44 | €147,510 | €172,436 | €354,136 | €226,050 | €595,863 | ▲ 164% |
| Suppliers440/4 | €147,510 | €172,436 | €354,136 | €226,050 | €595,863 | ▲ 164% |
| Taxes, remuneration and social security45 | €2.9m | €3.4m | €3.7m | €3.5m | €3.6m | ▲ 2.9% |
| Taxes450/3 | €530,351 | €625,163 | €650,509 | €516,186 | €524,437 | ▲ 1.6% |
| Remuneration and social security454/9 | €2.4m | €2.8m | €3.1m | €2.9m | €3.0m | ▲ 3.1% |
| Accrued charges and deferred income492/3 | €75,613 | €80,888 | €66,004 | €93,093 | €33,119 | ▼ 64.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €456,538 | -€71,441 | -€127,119 | -€196,017 | -€360,765 | ▼ 84.0% |
| + Depreciation and write-downs630 | €523,378 | €570,081 | €594,861 | €586,833 | €669,643 | ▲ 14.1% |
| Operating cash flow (approximation) | €979,916 | €498,640 | €467,742 | €390,816 | €308,878 | ▼ 21.0% |
| Investment in fixed assets (approximation) | - | -€662,464 | -€1.2m | -€670,641 | -€2.6m | ▼ 289% |
| Change in cash | - | -€254,132 | €786,684 | -€1.4m | -€591,425 | ▲ 58.4% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
State Gazette act
Reappointment: Hans Vertommen (director)2 facts ▸
State Gazette act
Reappointment: Hans Vertommen (director)
2 facts ▸
- General meeting, 26-06-2026
- Director reappointment, Hans Vertommen (director)
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€360,765
Net result drops to -€360,765, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
2019
31-12
Financial
Highest result since 2018net €464,339 ▲23.3%
Net result €464,339, the highest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 24 acts read
About the unread acts
Of the 24 Belgian State Gazette acts we know for this company, 1 has been read. The other 23 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director
Hans VERTOMMEN
CurrentDirector
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
23 of this company's 24 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Bierbeek · 3 establishment units since 2006
Ground area
1.4 ha
Building footprint
4,053 m²
Volume, LiDAR
48,321 m³
3 parcels, Flanders · tallest building 26.6 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
ADEM
since 20062.151.485.239
ADEM - Bar Michotte
since 20192.297.162.413
De Vlasselaar
since 20262.389.406.146
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24065A0279/00K000 | Flanders | 6,570 m² | 1 · 2,554 m² | 26.6 m · 5 fl. |
| 24123B0525/00E000 | Flanders | 5,444 m² | 1 · 530 m² | 7.3 m · 1 fl. |
| 24433E0091/00M004 | Flanders | 2,054 m² | 1 · 968 m² | 13.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Hans VERTOMMEN |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 39 entries · 50,091,606 EUR awarded · 50,019,472 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 9 | 12,178,869 EUR | 12,193,415 EUR |
| 2024 | 10 | 12,048,366 EUR | 12,054,560 EUR |
| 2023 | 8 | 12,559,048 EUR | 12,554,395 EUR |
| 2022 | 12 | 13,305,323 EUR | 13,217,102 EUR |
Schemes
Show 12 more
Recognitions · licences · registrations
Food safety, FASFC
3 sitesBierbeek2.151.485.239
Leuven2.297.162.413
Wezemaal
Care and welfare
4 services · 2 liveAdem
OVBJ ADEM
Adem
Ave Regina
Legal Entity Identifier
699400OKNBXFKMYKD655
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Of 63 companies in sector 87201 we hold annual accounts for 60. 50 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded10-11-1967
Fiscal year end31-12
Activities, NACEBEL 2025
87201Residential care activities
87202Residential care activities
Contact
E-mail
info@averegina.beLeuven
E-invoicing
Reachable via Peppol
Peppol ID
0208:0410147375
Registered
27-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.