ADEM 38
The computed 12-month bankruptcy probability of ADEM 38 is 2.5% (moderate). The 2024 annual accounts show equity of €3k and a net result of €5k. Equity is shrinking by ~46.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 34% of 5615 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €3k |
| Net result | €5k |
| Better than sector | 34% |
| Active | 4 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 3.4% | 19.3% | |
| Net result | €5k | €4k | |
| Equity | €3k | €14k | |
| Gross operating margin | €62k | €52k | |
| Staff costs | €30k | €49k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €28k |
| Net profit | €5k |
| Cash flow | €19k |
| Staff costs | €30k |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €90k |
| Equity | €3k |
| Debt | €87k |
| of which ≤ 1y | €61k |
| of which > 1y | €27k |
| Working capital | €-17k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.73 |
| Quick ratio | 0.59 |
| Working capital ratio | -18.4% |
| Solvency | 3.4% |
| Debt / equity | 28.13 |
| Long-term debt ratio | 8.59 |
| Interest coverage | 4.04 |
| Gross margin | - |
| Net margin | - |
| ROA | 5.1% |
| ROE | 148.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €90k |
| Fixed assets | 21/28 | €46k |
| Intangible fixed assets | 21 | €9k |
| Tangible fixed assets | 22/27 | €37k |
| Financial fixed assets | 28 | €247 |
| Current assets | 29/58 | €44k |
| Stocks & contracts in progress | 3 | €8k |
| Amounts receivable within one year | 40/41 | €23k |
| Cash & bank | 54/58 | €12k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €90k |
| Equity | 10/15 | €3k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €601 |
| Amounts payable | 17/49 | €87k |
| Amounts payable after one year | 17 | €27k |
| Amounts payable within one year | 42/48 | €61k |
| Trade debts payable within one year | 44 | €25k |
| Income statement | ||
| Gross operating margin | 9900 | €62k |
| Operating result | 9901 | €14k |
| Financial charges | 65 | €7k |
| Result before taxes | 9903 | €7k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €5k |
| Result to be appropriated | 9905 | €5k |
Former directors (1)
-
Former01-01-2023 → 20-03-2025
2 events
- 20-03-2025 Resigned· Director
- 01-01-2023 Appointed· Director
| NACE primary | Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 23-03-2022 |
| Status | Active |
| Postal code | 6001 |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
19-12-2025 Registered office moved from Farciennes to Marcinelle
- Grand-Place 89, 6240 Farciennes → Rue Pierre Baily 11, 6001 Marcinelle
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Marcinelle",
"region": "Waals",
"street": "Rue Pierre Baily",
"country": "BE",
"postcode": "6001",
"box_number": null,
"street_number": "11"
},
"old_address": {
"city": "Farciennes",
"region": "Waals",
"street": "Grand-Place",
"country": "BE",
"postcode": "6240",
"box_number": "FAR",
"street_number": "89"
},
"effective_date": "2025-03-17",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire, \u00E0 l\u0027unanimit\u00E9, d\u00E9cide de transf\u00E9rer le si\u00E8ge situ\u00E9 \u00E0 Grand-Place (FAR) 89-6240 Fracienne \u00E0 l\u0027adresse suivante Rue Baily Pierre 11 - 6001 Marcinelle \u00E0 dater du 17/03/2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0783.741.588",
"name_full": "ADEM 38",
"legal_form": "SRL"
}
}31-03-2025 Yördem Asli resigns as director
- Yördem Asli, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Y\u00F6rdem Asli",
"address": null,
"birth_date": null
},
"effective_date": "2025-03-20",
"evidence_quote": "La d\u00E9mission de ses fonctions d\u0027administrateur de Madame Y\u00F6rdem Asli (NN :02082938437)."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0783.741.588",
"name_full": "ADEM 38",
"legal_form": "SRL"
}
}27-02-2023 YÖRDEM Asli appointed as director
- YÖRDEM Asli, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Y\u00D6RDEM Asli",
"address": null,
"birth_date": null
},
"effective_date": "2023-01-01",
"evidence_quote": "de nommer au poste d\u0027adminsitrateur Melle Y\u00D6RDEM Asli, qui accepte, ce mandat prend effet au 01.01.2023."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0783.741.588",
"name_full": "ADEM 38",
"legal_form": "SRL"
}
}25-03-2022 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "6240 Farciennes, Grand-Place 89",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "Ayla KARACA",
"niss": null,
"address": "6200 Ch\u00E2telet, Rue des Chasseurs 17"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2500.0,
"holder_person_name": "Ayla KARACA",
"is_subscriber_only": true,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 2500.0,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 2500.0,
"subject_company": {
"kbo": "0783.741.588",
"name_full": "ADEM 38",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2022-03-16",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | ADEM 38 |