ADEM
ActiveSummary
ADEM has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €399,073 and a net result of €16,626. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 67% of 731 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-16
Solvency85▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.32 against 2.67 in 2024; short-term debt: 40.3% and cash: 28.5% of total assets), and 40.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
59.7%
Return on assets
2.5%
Age of the figures
9 mo
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
105 d early
2023
64 d early
2022
108 d early
2021
53 d early
2020
25 d late
2019
11 d early
← 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 54 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16,626▼ 81.1%
2024 · €87,993
Working capital
€356,551▲ 8.0%
2024 · €330,224
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
Operating result-€1,485€289,068€130,406▼ 54.9%€114,157▼ 12.5%€19,880▼ 82.6%
Net result-€2,047€215,662€96,636▼ 55.2%€87,993▼ 8.9%€16,626▼ 81.1%
Equity€277,155▼ 0.7%€372,817▲ 34.5%€379,453▲ 1.8%€382,447▲ 0.8%€399,073▲ 4.3%
Total assets€416,315▼ 4.2%€697,152▲ 67.5%€736,860▲ 5.7%€579,715▼ 21.3%€668,400▲ 15.3%
Debt€139,160▼ 10.3%€324,335▲ 133%€357,406▲ 10.2%€197,268▼ 44.8%€269,327▲ 36.5%
Working capital€219,573▼ 2.1%€317,276▲ 44.5%€347,043▲ 9.4%€330,224▼ 4.8%€356,551▲ 8.0%
Staff (FTE)6.7▲ 9.8%6.3▼ 6.0%3.7▼ 41.3%4.2▲ 13.5%4.8▲ 14.3%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €668,400
Fixed assets
€42,521 ▼ 18.6%
Current assets
€625,878 ▲ 18.7%
Equity and liabilities €668,400
Equity
€399,073 ▲ 4.3%
Debt
€269,327 ▲ 36.5%
Debt's share of the balance-sheet total rises from 34.0% to 40.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42,586▼
2024 · €131,933
Cash flow
€39,332▼
2024 · €105,769
Current ratio
2.32▼
2024 · 2.67
Debt to equity
0.67▲
2024 · 0.52
ROE
4.2%▼
2024 · 23.0%
ROA
2.5%▼
2024 · 15.2%
Interest coverage
49.81▼
2024 · 145.47
Debt ≤ 1 year
€269,327▲
2024 · €197,268
Income taxes
€2,405▼
2024 · €25,300
Staff costs
€226,083▲
2024 · €206,452
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €285,717 | €293,019 | €188,907 | €206,452 | €226,083 | ▲ 9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,306 | €19,134 | €23,131 | €17,775 | €22,706 | ▲ 27.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €542 | €606 | €661 | €23,574 | €2,810 | ▼ 88.1% |
| Non-recurring operating charges66A | - | €414 | €686 | €0 | - | - |
| Gross operating margin9900 | €306,079 | €602,241 | €343,792 | €361,959 | €271,479 | ▼ 25.0% |
| Operating profit (loss)9901 | -€1,485 | €289,068 | €130,406 | €114,157 | €19,880 | ▼ 82.6% |
| Financial income75/76B | €2,851 | €7 | €0 | €43 | €6 | ▼ 86.1% |
| Recurring financial income75 | €2,851 | €7 | €0 | €43 | €6 | ▼ 86.1% |
| Financial charges65/66B | €1,370 | €1,872 | €1,462 | €907 | €855 | ▼ 5.7% |
| Recurring financial charges65 | €1,370 | €1,872 | €1,462 | €907 | €855 | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | -€5 | €287,203 | €128,945 | €113,293 | €19,031 | ▼ 83.2% |
| Income taxes67/77 | €2,042 | €71,542 | €32,308 | €25,300 | €2,405 | ▼ 90.5% |
| Profit (loss) for the period9904 | -€2,047 | €215,662 | €96,636 | €87,993 | €16,626 | ▼ 81.1% |
| Profit (loss) for the period to be appropriated9905 | -€2,047 | €215,662 | €96,636 | €87,993 | €16,626 | ▼ 81.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €416,315 | €697,152 | €736,860 | €579,715 | €668,400 | ▲ 15.3% |
| Fixed assets21/28 | €57,583 | €55,541 | €32,411 | €52,223 | €42,521 | ▼ 18.6% |
| Intangible fixed assets21 | €17,184 | €19,128 | €8,634 | €22,474 | €12,806 | ▼ 43.0% |
| Tangible fixed assets22/27 | €27,898 | €29,113 | €16,476 | €18,949 | €17,295 | ▼ 8.7% |
| Furniture and vehicles24 | €17,713 | €20,542 | €9,520 | €13,607 | €13,569 | ▼ 0.3% |
| Other tangible fixed assets26 | €10,185 | €8,571 | €6,956 | €5,341 | €3,727 | ▼ 30.2% |
| Financial fixed assets28 | €12,500 | €7,300 | €7,300 | €10,800 | €12,420 | ▲ 15.0% |
| Current assets29/58 | €358,732 | €641,611 | €704,449 | €527,492 | €625,878 | ▲ 18.7% |
| Amounts receivable within one year40/41 | €162,986 | €222,889 | €378,275 | €269,172 | €409,926 | ▲ 52.3% |
| Trade receivables40 | €151,852 | €210,804 | €378,275 | €269,172 | €403,787 | ▲ 50.0% |
| Other amounts receivable41 | €11,133 | €12,086 | €0 | - | €6,139 | - |
| Cash at bank and in hand54/58 | €181,072 | €399,193 | €307,044 | €236,293 | €190,532 | ▼ 19.4% |
| Deferred charges and accrued income490/1 | €14,675 | €19,528 | €19,131 | €22,026 | €25,420 | ▲ 15.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €416,315 | €697,152 | €736,860 | €579,715 | €668,400 | ▲ 15.3% |
| Equity10/15 | €277,155 | €372,817 | €379,453 | €382,447 | €399,073 | ▲ 4.3% |
| Contributions10/11 | €52,058 | €52,058 | €52,058 | €52,058 | €52,058 | = |
| Reserves13 | €225,098 | €320,760 | €327,396 | €330,389 | €347,015 | ▲ 5.0% |
| Non-distributable reserves130/1 | €5,206 | €5,206 | €5,206 | €5,206 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €5,206 | €5,206 | €5,206 | €5,206 | €0 | ▼ 100% |
| Distributable reserves133 | €219,892 | €315,554 | €322,190 | €325,184 | €347,015 | ▲ 6.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €139,160 | €324,335 | €357,406 | €197,268 | €269,327 | ▲ 36.5% |
| Amounts payable within one year42/48 | €139,160 | €324,335 | €357,406 | €197,268 | €269,327 | ▲ 36.5% |
| Financial debts43 | - | €25,043 | €0 | - | - | - |
| Credit institutions430/8 | - | €25,043 | €0 | - | - | - |
| Trade debts44 | €57,520 | €98,852 | €196,744 | €45,362 | €186,482 | ▲ 311% |
| Suppliers440/4 | €57,520 | €98,852 | €196,744 | €45,362 | €186,482 | ▲ 311% |
| Taxes, remuneration and social security45 | €81,100 | €80,440 | €70,663 | €66,905 | €82,845 | ▲ 23.8% |
| Taxes450/3 | €43,946 | €43,695 | €54,581 | €41,672 | €49,416 | ▲ 18.6% |
| Remuneration and social security454/9 | €37,154 | €36,745 | €16,082 | €25,233 | €33,429 | ▲ 32.5% |
| Other amounts payable47/48 | €540 | €120,000 | €90,000 | €85,000 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,047 | €215,662 | €96,636 | €87,993 | €16,626 | ▼ 81.1% |
| + Depreciation and write-downs630 | €21,306 | €19,134 | €23,131 | €17,775 | €22,706 | ▲ 27.7% |
| Operating cash flow (approximation) | €19,259 | €234,795 | €119,767 | €105,769 | €39,332 | ▼ 62.8% |
| Investment in fixed assets (approximation) | - | -€17,092 | €0 | -€37,588 | -€13,004 | ▲ 65.4% |
| Change in cash | - | €218,121 | -€92,149 | -€70,750 | -€45,761 | ▲ 35.3% |
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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €215,662
Net result €215,662 after one loss-making year.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€2,047
Net result drops to -€2,047, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Mons · 1 establishment unit since 1994
Ground area
183 m²
Building footprint
98 m²
Parcel 53405C0001/00V031, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ADEM SPRL
since 19942.068.704.944
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53405C0001/00V031 | Wallonia | 183 m² | 1 · 98 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.
Similar companies · same sector, comparable size
MAVA RE
BE 0449.637.065
Steenokkerzeel · Eq €399,354
AVENTUS CONSULTING
BE 0762.670.418
Assesse · Eq €398,624
ENVIRO ENGINEERING
BE 0448.443.371
Alken · Eq €399,553
GREEN WIND CONSULTING
BE 0731.594.784
Riemst · Eq €400,340
OPTRION
BE 0474.849.444
Liège · Eq €400,352
Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 4,655 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
Founded21-09-1994
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.