ADEM
Open bankruptcyA bankruptcy procedure is open for ADEM according to publications in the Belgian State Gazette; curator: FREDERIK VAN CAMP.
Summary
The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show negative equity (-€91,240) and a net result of -€67,728.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Mechelen division
- Declared bankrupt
- 3 March 2025
- Supervising judge
- Marc Van Robays
- Official Gazette
- 07-03-2025 (pdf) ↗search the document for 2025/109878
Curator
- Frederik Van CampFrederik De Merodestraat 94-96, 2800 Mechelenfrederik.vancamp@vandenberghen.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-06-2024, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
34 d early
2022
337 d late
2021
92 d late
2020
145 d late
2019
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 121 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Limited-service restaurants, excluding mobile food services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€91,240▼ 288%
2022 · -€23,512
Total assets
€32,332▼ 69.7%
2022 · €106,605
Net result
-€67,728▼ 775%
2022 · -€7,743
Working capital
-€84,289▼ 977%
2022 · -€7,829
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
Line20192020202120222023
Operating result€1,225▼ 79.8%-€11,218€20,503-€5,695-€56,681▼ 895%
Net result-€6,024-€17,345▼ 188%€15,062-€7,743-€67,728▼ 775%
Equity-€13,487▼ 80.7%-€30,832▼ 129%-€15,769▲ 48.9%-€23,512▼ 49.1%-€91,240▼ 288%
Total assets€63,620▼ 15.1%€61,627▼ 3.1%€74,721▲ 21.2%€106,605▲ 42.7%€32,332▼ 69.7%
Debt€77,106▼ 6.4%€92,458▲ 19.9%€90,491▼ 2.1%€130,118▲ 43.8%€123,572▼ 5.0%
Working capital-€9,214-€29,472▼ 220%€11,030-€7,829-€84,289▼ 977%
Staff (FTE)9.2▲ 3.4%5.9▼ 35.9%6.4▲ 8.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €56,681 in 2023 against €5,695 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €32,332
Fixed assets
€8,621 ▼ 9.3%
Current assets
€23,711 ▼ 75.6%
Key figures and ratios
EBITDA
-€55,342▼
2022 · -€4,682
Cash flow
-€66,389▼
2022 · -€6,730
Solvency
-282.2%▼
2022 · -22.1%
Current ratio
0.22▼
2022 · 0.93
Quick ratio
0.09▼
2022 · 0.82
Debt to equity
-1.35▲
2022 · -5.53
ROA
-209.5%▼
2022 · -7.3%
Interest coverage
-5.01▼
2022 · -1.06
Debt ≤ 1 year
€108,000▲
2022 · €104,930
Debt > 1 year
€15,572▼
2022 · €25,188
Staff costs
€74,757▼
2022 · €80,286
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €68,868 | €80,286 | €74,757 | ▼ 6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,825 | €1,754 | €1,754 | €1,013 | €1,339 | ▲ 32.2% |
| Other operating charges640/8 | - | - | €2,566 | €1,378 | €4,705 | ▲ 242% |
| Gross operating margin9900 | €93,284 | €31,272 | €93,691 | €76,981 | €24,120 | ▼ 68.7% |
| Operating profit (loss)9901 | €1,225 | -€11,218 | €20,503 | -€5,695 | -€56,681 | ▼ 895% |
| Financial income75/76B | - | - | €10 | €2,385 | €1 | ▼ 100.0% |
| Recurring financial income75 | €18 | €1,160 | €10 | €2,385 | €1 | ▼ 100.0% |
| Financial charges65/66B | - | - | €5,450 | €4,433 | €11,047 | ▲ 149% |
| Recurring financial charges65 | €4,105 | €7,286 | €5,450 | €4,433 | €11,047 | ▲ 149% |
| Profit (loss) for the period before taxes9903 | -€2,861 | -€17,345 | €15,062 | -€7,743 | -€67,728 | ▼ 775% |
| Income taxes67/77 | €3,163 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€6,024 | -€17,345 | €15,062 | -€7,743 | -€67,728 | ▼ 775% |
| Profit (loss) for the period to be appropriated9905 | -€6,024 | -€17,345 | €15,062 | -€7,743 | -€67,728 | ▼ 775% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63,620 | €61,627 | €74,721 | €106,605 | €32,332 | ▼ 69.7% |
| Fixed assets21/28 | €12,870 | €11,116 | €9,362 | €9,504 | €8,621 | ▼ 9.3% |
| Tangible fixed assets22/27 | €8,615 | €6,861 | €5,107 | €5,199 | €4,316 | ▼ 17.0% |
| Plant, machinery and equipment23 | - | - | €70 | €1,052 | €1,057 | ▲ 0.5% |
| Furniture and vehicles24 | - | - | €5,036 | €4,147 | €3,259 | ▼ 21.4% |
| Financial fixed assets28 | €4,255 | €4,255 | €4,255 | €4,305 | €4,305 | = |
| Current assets29/58 | €50,750 | €50,511 | €65,360 | €97,101 | €23,711 | ▼ 75.6% |
| Stocks and contracts in progress3 | €8,912 | €13,277 | €12,612 | €10,840 | €13,634 | ▲ 25.8% |
| Stocks30/36 | - | - | €12,612 | €10,840 | €13,634 | ▲ 25.8% |
| Amounts receivable within one year40/41 | €36,386 | €33,936 | €44,755 | €78,867 | €253 | ▼ 99.7% |
| Trade receivables40 | - | - | €3,475 | €56,553 | - | - |
| Other amounts receivable41 | - | - | €41,279 | €22,314 | €253 | ▼ 98.9% |
| Cash at bank and in hand54/58 | €3,743 | €2,240 | €6,934 | €5,124 | €9,824 | ▲ 91.7% |
| Deferred charges and accrued income490/1 | - | - | €1,059 | €2,270 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63,620 | €61,627 | €74,721 | €106,605 | €32,332 | ▼ 69.7% |
| Equity10/15 | -€13,487 | -€30,832 | -€15,769 | -€23,512 | -€91,240 | ▼ 288% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €2,414 | €2,414 | €2,414 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | €414 | - | - | - |
| Profit (loss) carried forward14 | -€28,301 | -€45,646 | -€30,583 | -€37,912 | -€105,640 | ▼ 179% |
| Amounts payable17/49 | €77,106 | €92,458 | €90,491 | €130,118 | €123,572 | ▼ 5.0% |
| Amounts payable after more than one year17 | €17,142 | €12,365 | €36,050 | €25,188 | €15,572 | ▼ 38.2% |
| Financial debts170/4 | - | - | €36,050 | €25,188 | €15,572 | ▼ 38.2% |
| Amounts payable within one year42/48 | €59,964 | €79,983 | €54,330 | €104,930 | €108,000 | ▲ 2.9% |
| Current portion of amounts payable after more than one year42 | - | - | €15,184 | €11,413 | €9,615 | ▼ 15.8% |
| Financial debts43 | - | - | €12,856 | €13,110 | €19,549 | ▲ 49.1% |
| Credit institutions430/8 | - | - | €12,856 | €13,110 | €19,549 | ▲ 49.1% |
| Trade debts44 | €16,992 | €17,836 | €14,615 | €52,574 | €50,667 | ▼ 3.6% |
| Suppliers440/4 | - | - | €14,615 | €52,574 | €50,667 | ▼ 3.6% |
| Taxes, remuneration and social security45 | - | - | €11,211 | €27,368 | €27,704 | ▲ 1.2% |
| Taxes450/3 | - | - | €4,446 | €8,450 | €22,486 | ▲ 166% |
| Remuneration and social security454/9 | - | - | €6,765 | €18,917 | €5,218 | ▼ 72.4% |
| Other amounts payable47/48 | - | - | €464 | €464 | €464 | = |
| Accrued charges and deferred income492/3 | - | - | €111 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,024 | -€17,345 | €15,062 | -€7,743 | -€67,728 | ▼ 775% |
| + Depreciation and write-downs630 | €1,825 | €1,754 | €1,754 | €1,013 | €1,339 | ▲ 32.2% |
| Operating cash flow (approximation) | -€4,200 | -€15,591 | €16,816 | -€6,730 | -€66,389 | ▼ 886% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,156 | -€456 | ▲ 60.5% |
| Change in cash | - | -€1,503 | €4,694 | -€1,811 | €4,700 | ▲ 360% |
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
2025
07-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 03-03-2025
2024
09-07
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collective agreement · event 03-07-2024
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 337 days late
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€67,728
Net result drops to -€67,728, the lowest in the series.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Back to profitnet €15,062
Net result €15,062 after 2 loss-making years.
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 145 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Mechelen · 1 establishment unit since 2006
Ground area
85 m²
Building footprint
85 m²
Volume, LiDAR
1,122 m³
Parcel 12025B0258/00_000, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Adem
since 20062.159.693.815
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025B0258/00_000 | Flanders | 84 m² | 1 · 84 m² | 14.6 m · 4 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FREDERIK VAN CAMP FREDERIK DE
MERODESTRAAT 94-96, 2800 MECHELEN- |
03-03-2025 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded31-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
Phone
0498/16.74.71Mechelen
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.