Summary
ADEME has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €25.3m and a net result of €1.6m. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 3221 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
20 d early
2023
33 d early
2022
32 d early
2021
23 d early
2020
32 d early
2019
16 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 26 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#3 company by total assets in Kapellen, Professional and technical services sector#3 company by equity in Kapellen, Professional and technical services sector
Turnover
€1.6m▲ 1.7%
2023 · €1.6m
EBIT margin
-0.8%▲ 3.4pp
2023 · -4.2%
Net result
€1.6m▼ 42.7%
2024 · €2.8m
Working capital
€1.3m▲ 179%
2024 · €466,328
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.6m€1.6m▲ 1.7%
Operating result€495,422▲ 109%€109,732▼ 77.9%-€64,949-€12,616▲ 80.6%-€52,700▼ 318%
Net result€1.7mabove the sector's middle half▲ 155%€1.5mabove the sector's middle half▼ 7.8%€1.3mabove the sector's middle half▼ 13.7%€2.8mabove the sector's middle half▲ 110%€1.6mabove the sector's middle half▼ 42.7%
EBIT margin-4.2%-0.8%▲ 3.4pp
Equity€21.3mabove the sector's middle half▲ 4.2%€21.8mabove the sector's middle half▲ 2.5%€22.4mabove the sector's middle half▲ 2.7%€24.5mabove the sector's middle half▲ 9.2%€25.3mabove the sector's middle half▲ 3.3%
Total assets€24.1mabove the sector's middle half▲ 6.6%€24.1mabove the sector's middle half=€24.5mabove the sector's middle half▲ 1.4%€25.7mabove the sector's middle half▲ 4.9%€26.7mabove the sector's middle half▲ 3.9%
Debt€2.8m▲ 28.7%€2.3m▼ 18.3%€2.1m▼ 10.6%€1.2m▼ 42.0%€1.4m▲ 15.9%
Working capital€196,383-€404,495€7,950€466,328▲ 5,766%€1.3m▲ 179%
Solvency88.2%above the sector's middle half▼ 2.0pp90.4%above the sector's middle half▲ 2.2pp91.5%above the sector's middle half▲ 1.1pp95.3%above the sector's middle half▲ 3.8pp94.8%above the sector's middle half▼ 0.5pp
Staff (FTE)4within the sector's middle half=4within the sector's middle half=3.3above the sector's middle half▼ 17.5%3above the sector's middle half▼ 9.1%2within the sector's middle half▼ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €52,700 in 2025 against €12,616 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26.7m
Fixed assets
€24.0m =
Current assets
€2.7m ▲ 60.8%
Equity and liabilities €26.7m
Equity
€25.3m ▲ 3.3%
Debt
€1.4m ▲ 15.9%
Debt's share of the balance-sheet total rises from 4.7% to 5.2%. Equity and debt are higher.
Key figures and ratios
ROE
6.3%▼
2024 · 11.4%
ROA
6.0%▼
2024 · 10.9%
Debt ≤ 1 year
€1.4m▲
2024 · €1.2m
Income taxes
€154,512▼
2024 · €354,063
Staff costs
€708,818▼
2024 · €779,835
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €1.6m | €1.6m | - | - |
| Non-recurring operating income76A | €15,931 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €611,049 | €603,114 | - | - |
| Remuneration, social security and pensions62 | €761,712 | €798,205 | €774,162 | €779,835 | €708,818 | ▼ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €209,797 | €232,748 | €243,662 | €237,662 | €240,792 | ▲ 1.3% |
| Other operating charges640/8 | €8,550 | €9,301 | €8,918 | €9,033 | €9,797 | ▲ 8.5% |
| Non-recurring operating charges66A | €196 | - | €24,300 | - | - | - |
| Gross operating margin9900 | €1.5m | €1.1m | €986,094 | €1.0m | €906,708 | ▼ 10.6% |
| Operating profit (loss)9901 | €495,422 | €109,732 | -€64,949 | -€12,616 | -€52,700 | ▼ 318% |
| Financial income75/76B | €1.4m | €1.7m | €1.6m | €3.2m | €1.8m | ▼ 42.9% |
| Recurring financial income75 | €1.4m | €1.5m | €1.6m | €3.2m | €1.8m | ▼ 42.9% |
| Non-recurring financial income76B | €24,546 | €118,748 | - | - | - | - |
| Financial charges65/66B | €38,203 | €35,393 | €33,092 | €23,326 | €9,618 | ▼ 58.8% |
| Recurring financial charges65 | €38,203 | €35,393 | €33,092 | €23,326 | €9,618 | ▼ 58.8% |
| Profit (loss) for the period before taxes9903 | €1.9m | €1.7m | €1.5m | €3.2m | €1.8m | ▼ 44.2% |
| Income taxes67/77 | €193,596 | €189,349 | €131,183 | €354,063 | €154,512 | ▼ 56.4% |
| Profit (loss) for the period9904 | €1.7m | €1.5m | €1.3m | €2.8m | €1.6m | ▼ 42.7% |
| Profit (loss) for the period to be appropriated9905 | €1.7m | €1.5m | €1.3m | €2.8m | €1.6m | ▼ 42.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24.1m | €24.1m | €24.5m | €25.7m | €26.7m | ▲ 3.9% |
| Fixed assets21/28 | €22.0m | €23.0m | €23.4m | €24.0m | €24.0m | = |
| Tangible fixed assets22/27 | €5.8m | €6.8m | €6.6m | €6.4m | €6.3m | ▼ 1.5% |
| Land and buildings22 | €4.9m | €5.9m | €5.8m | €5.6m | €5.5m | ▼ 2.2% |
| Plant, machinery and equipment23 | €681,907 | €705,133 | €687,285 | €606,615 | €785 | ▼ 99.9% |
| Furniture and vehicles24 | €162,826 | €135,337 | €68,020 | €46,751 | €682,274 | ▲ 1,359% |
| Other tangible fixed assets26 | €111,553 | €110,252 | €110,000 | €110,000 | €110,000 | = |
| Financial fixed assets28 | €16.2m | €16.1m | €16.8m | €17.6m | €17.7m | ▲ 0.5% |
| Current assets29/58 | €2.1m | €1.1m | €1.1m | €1.7m | €2.7m | ▲ 60.8% |
| Amounts receivable within one year40/41 | €269,479 | €455,991 | €153,730 | €160,491 | €225,029 | ▲ 40.2% |
| Trade receivables40 | €256,169 | €155,623 | €151,422 | €156,672 | €220,204 | ▲ 40.6% |
| Other amounts receivable41 | €13,310 | €300,368 | €2,309 | €3,819 | €4,825 | ▲ 26.3% |
| Current investments50/53 | - | - | €500,000 | €1.3m | €2.0m | ▲ 54.1% |
| Cash at bank and in hand54/58 | €1.8m | €649,756 | €390,795 | €177,458 | €427,361 | ▲ 141% |
| Deferred charges and accrued income490/1 | €51,838 | €40,636 | €26,095 | €28,152 | €24,463 | ▼ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24.1m | €24.1m | €24.5m | €25.7m | €26.7m | ▲ 3.9% |
| Equity10/15 | €21.3m | €21.8m | €22.4m | €24.5m | €25.3m | ▲ 3.3% |
| Contributions10/11 | €12.5m | €12.5m | €12.5m | €12.5m | €12.5m | = |
| Capital10 | €12.5m | €12.5m | €12.5m | €12.5m | €12.5m | = |
| Issued capital100 | €12.5m | €12.5m | €12.5m | €12.5m | €12.5m | = |
| Reserves13 | €8.8m | €9.3m | €9.9m | €11.9m | €12.8m | ▲ 6.8% |
| Non-distributable reserves130/1 | €1.3m | €1.3m | €1.3m | €1.3m | €1.2m | ▼ 4.1% |
| Legal reserve130 | €1.3m | €1.3m | €1.3m | €1.3m | €1.2m | ▼ 4.1% |
| Distributable reserves133 | €7.5m | €8.0m | €8.6m | €10.7m | €11.6m | ▲ 8.1% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €2.8m | €2.3m | €2.1m | €1.2m | €1.4m | ▲ 15.9% |
| Amounts payable after more than one year17 | €902,330 | €764,296 | €1.0m | - | - | - |
| Other amounts payable178/9 | €902,330 | €764,296 | €1.0m | - | - | - |
| Amounts payable within one year42/48 | €1.9m | €1.6m | €1.1m | €1.2m | €1.4m | ▲ 14.9% |
| Trade debts44 | €54,962 | €35,054 | €27,715 | €26,076 | €29,405 | ▲ 12.8% |
| Suppliers440/4 | €54,962 | €35,054 | €27,715 | €26,076 | €29,405 | ▲ 12.8% |
| Taxes, remuneration and social security45 | €317,535 | €490,264 | €317,485 | €464,635 | €561,555 | ▲ 20.9% |
| Taxes450/3 | €224,517 | €390,889 | €225,187 | €377,939 | €486,187 | ▲ 28.6% |
| Remuneration and social security454/9 | €93,017 | €99,375 | €92,298 | €86,696 | €75,368 | ▼ 13.1% |
| Other amounts payable47/48 | €1.6m | €1.0m | €717,470 | €709,062 | €787,064 | ▲ 11.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €11,966 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.7m | €1.5m | €1.3m | €2.8m | €1.6m | ▼ 42.7% |
| + Depreciation and write-downs630 | €209,797 | €232,748 | €243,662 | €237,662 | €240,792 | ▲ 1.3% |
| Operating cash flow (approximation) | €1.9m | €1.8m | €1.6m | €3.0m | €1.8m | ▼ 39.3% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€667,428 | -€830,626 | -€233,887 | ▲ 71.8% |
| Change in cash | - | -€1.2m | -€258,962 | -€213,337 | €249,903 | ▲ 217% |
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
25-09
State Gazette act
Capital increase · Name change
Statutes amendment · Transfer restriction
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €25mEq €25.3m ▲3.3%
8 profitable years in a row build equity to €25.3m.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 1.10
Current ratio from 0.33 to 1.10.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €656,665 ▼77.4%
Net result drops to €656,665, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €2.9m ▲160%
Operating result €1.2m, net result €2.9m, both a record.
Show earlier events
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Kapellen · 1 establishment unit since 2000
Ground area
382 m²
Building footprint
382 m²
Volume, LiDAR
3,153 m³
Parcel 11902H0093/00S000, Flanders · tallest building 24.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Kasteeldreef 15, 2950 Kapellen
since 20002.115.866.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902H0093/00S000 | Flanders | 382 m² | 1 · 382 m² | 24.4 m · 2 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.
Structure & network
Owners and holdings
6 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 6
-
95.5%
-
95.5%
-
95.5%
-
33.33%
-
33.33%
-
24.83%
According to the 2025 annual accounts of ADEME and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
549300ZFLBL5YIAL9R59
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 3,389 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-05-2000
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471808097
Also
9925:BE0471808097
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.