ADENZA
InactiveADENZA was declared bankrupt on 24-06-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 03-06-2025, published in the Belgian State Gazette on 12-06-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 04-07-2022, 27 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
27 d early
2020
6 d late
2019
4 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€12k▲ 99.4%
2020 · €6k
2019: €9k
2020: €6k
2019 → 2021
Total assets
€20k▲ 54.2%
2020 · €13k
2019: €9k
2020: €13k
2019 → 2021
Net result
€-4k▼ 25.4%
2020 · €-3k
2019: €3k
2020: €-3k
2019 → 2021
Working capital
€12k▲ 106%
2020 · €6k
2019: €8k
2020: €6k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€9k-€6k▼ 32.4%€12k▲ 99.4%
Operating result€3k-€-3k€-3k▼ 3.2%
Net result€3k-€-3k€-4k▼ 25.4%
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 €3k in 2021 against €3k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €20k
Fixed assets
€384=
Current assets
€20k▲ 55.8%
Equity and liabilities €20k
Equity
€12k▲ 99.4%
Debt
€8k▲ 15.0%
The debt ratio falls from 53.6% to 40.0%. Equity and debt are higher.
Key figures and ratios
Solvency
60.0%▲
2020 · 46.4%
Current ratio
2.45▲
2020 · 1.81
Quick ratio
2.45▲
2020 · 1.81
Debt / equity
0.67
ROE
-30.2%▲
2020 · -48.0%
ROA
-18.1%▲
2020 · -22.3%
Debt
€8k▲
2020 · €7k
Debt ≤ 1 year
€8k▲
2020 · €7k
Income taxes
€709
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€13k€20k▲
Fixed assets21/28€384€384=
Tangible fixed assets22/27€384€384=
Plant, machinery and equipment23-€384
Current assets29/58€13k€20k▲
Amounts receivable within one year40/41€1k€52▼
Other amounts receivable41-€52
Cash at bank and in hand54/58€11k€19k▲
Deferred charges and accrued income490/1-€470
Equity and liabilities
Total equity and liabilities10/49€13k€20k▲
Equity10/15€6k€12k▲
Contributions10/11€6k€16k▲
Capital10-€16k
Issued capital100-€19k
Uncalled capital101-€3k
Reserves13€140€140=
Non-distributable reserves130/1-€140
Legal reserve130-€140
Profit (loss) carried forward14€-291€-4k▼
Amounts payable17/49€7k€8k▲
Amounts payable within one year42/48€7k€8k▲
Trade debts44€630€2k▲
Suppliers440/4-€2k
Taxes, remuneration and social security45-€129
Taxes450/3-€129
Other amounts payable47/48-€6k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€461-
Other operating charges640/8-€2k
Gross operating margin9900€-2k€-1k▲
Operating profit (loss)9901€-3k€-3k▼
Financial charges65/66B-€142
Recurring financial charges65€201€142▼
Profit (loss) for the period before taxes9903€-3k€-3k▼
Income taxes67/77-€709
Profit (loss) for the period9904€-3k€-4k▼
Profit (loss) for the period to be appropriated9905€-3k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-4k
Profit (loss) brought forward from the previous period14P-€-291
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · ADENZA RUE DE L’EAU 43-4, 1190 FOREST. déclarée le 24 juin 2024 · event 03-06-2025
2024
01-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · ADENZA RUE DE L’EAU 43-4, 1190 FOREST · event 24-06-2024
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GAUTIER PIRARD RUE DE STASSART 48C,
1050 IXELLES |
24-06-2024 → present |