ADEQUAT
ActiveSummary
ADEQUAT has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €383,160 and a net result of -€15,576. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 39% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2025
Profitability30▼-41
Solvency62▲+1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity short (current ratio 0.68; short-term debt: 43.5% and cash: 14.5% of total assets), and 63.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
102 d early
2025
33 d early
2024
2 d early
2023
8 d late
2022
9 d late
2021
on the day
2020
22 d late
← 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 14 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€383,160▼ 3.9%
2025 · €398,736
Total assets
€1.0m▼ 4.7%
2025 · €1.1m
Net result
-€15,576
2025 · €24,196
Working capital
-€143,783▼ 7.9%
2025 · -€133,262
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
Line20222023202420252025
Operating result€24,470▲ 21.0%€26,681▲ 9.0%-€8,047€40,488-€9,815-
Net result€8,458▲ 1,688%€9,109▲ 7.7%-€11,246€24,196-€15,576-
Equity€376,677▲ 2.3%€385,786▲ 2.4%€374,540▼ 2.9%€398,736▲ 6.5%€383,160-
Total assets€1.2m▲ 1.3%€1.2m▲ 3.8%€1.1m▼ 11.5%€1.1m▲ 3.7%€1.0m-
Debt€777,853▲ 0.8%€813,104▲ 4.5%€686,530▼ 15.6%€701,629▲ 2.2%€665,799-
Working capital-€73,342▼ 10.4%-€107,005▼ 45.9%-€149,155▼ 39.4%-€133,262▲ 10.7%-€143,783-
Staff (FTE)0.9▲ 12.5%0.7▼ 22.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €1.0m
Fixed assets
€736,304 ▼ 4.0%
Current assets
€312,655 ▼ 6.1%
Equity and liabilities €1.0m
Equity
€383,160 ▼ 3.9%
Debt
€665,799 ▼ 5.1%
Debt's share of the balance-sheet total falls from 63.8% to 63.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€22,540▼
2025 · €107,173
Cash flow
€16,780▼
2025 · €90,882
Current ratio
0.68▼
2025 · 0.71
Debt to equity
1.74▼
2025 · 1.76
ROE
-4.1%▼
2025 · 6.1%
ROA
-1.5%▼
2025 · 2.2%
Interest coverage
1.54▼
2025 · 6.37
Debt ≤ 1 year
€456,438▼
2025 · €466,316
Debt > 1 year
€201,348▼
2025 · €235,312
Income taxes
€0▼
2025 · €6,522
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,594 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €13,210 | €939 | €762 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,982 | €63,042 | €62,741 | €66,685 | €32,356 | - |
| Other operating charges640/8 | €11,472 | €12,521 | €24,247 | €13,538 | €12,502 | - |
| Gross operating margin9900 | €105,135 | €103,182 | €79,703 | €120,711 | €35,043 | - |
| Operating profit (loss)9901 | €24,470 | €26,681 | -€8,047 | €40,488 | -€9,815 | - |
| Financial income75/76B | €8,315 | €8,992 | €13,116 | €7,047 | €8,912 | - |
| Recurring financial income75 | €8,315 | €8,992 | €13,116 | €7,047 | €8,912 | - |
| Financial charges65/66B | €23,175 | €22,164 | €16,116 | €16,816 | €14,672 | - |
| Recurring financial charges65 | €23,175 | €22,164 | €16,116 | €16,816 | €14,672 | - |
| Profit (loss) for the period before taxes9903 | €9,610 | €13,509 | -€11,048 | €30,719 | -€15,576 | - |
| Income taxes67/77 | €1,152 | €4,400 | €199 | €6,522 | €0 | - |
| Profit (loss) for the period9904 | €8,458 | €9,109 | -€11,246 | €24,196 | -€15,576 | - |
| Profit (loss) for the period to be appropriated9905 | €8,458 | €9,109 | -€11,246 | €24,196 | -€15,576 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | - |
| Fixed assets21/28 | €845,510 | €856,408 | €824,633 | €767,310 | €736,304 | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €845,460 | €856,358 | €824,583 | €767,260 | €736,254 | - |
| Land and buildings22 | €805,964 | €770,079 | €743,135 | €702,447 | €680,728 | - |
| Plant, machinery and equipment23 | €17,096 | €34,927 | €45,787 | €34,591 | €30,078 | - |
| Furniture and vehicles24 | €22,400 | €51,351 | €32,361 | €26,921 | €22,149 | - |
| Other tangible fixed assets26 | - | - | €3,300 | €3,300 | €3,300 | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | - |
| Current assets29/58 | €309,020 | €342,482 | €236,437 | €333,055 | €312,655 | - |
| Amounts receivable within one year40/41 | €276,044 | €284,952 | €176,794 | €182,674 | €150,530 | - |
| Trade receivables40 | €30,089 | €26,580 | €30,960 | €35,848 | €18,823 | - |
| Other amounts receivable41 | €245,955 | €258,373 | €145,834 | €146,825 | €131,707 | - |
| Cash at bank and in hand54/58 | €19,604 | €45,254 | €56,950 | €148,593 | €152,343 | - |
| Deferred charges and accrued income490/1 | €13,372 | €12,275 | €2,693 | €1,788 | €9,782 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | - |
| Equity10/15 | €376,677 | €385,786 | €374,540 | €398,736 | €383,160 | - |
| Contributions10/11 | €154,933 | €154,933 | €154,933 | €154,933 | €154,933 | - |
| Capital10 | - | €154,933 | €154,933 | €154,933 | €154,933 | - |
| Issued capital100 | - | €154,933 | €154,933 | €154,933 | €154,933 | - |
| Outside capital11 | €154,933 | - | - | - | - | - |
| Other1109/19 | €154,933 | - | - | - | - | - |
| Reserves13 | €227,697 | €230,853 | €219,606 | €243,802 | €228,226 | - |
| Non-distributable reserves130/1 | €22,800 | €22,800 | €22,800 | €22,800 | €22,800 | - |
| Legal reserve130 | - | €22,800 | €22,800 | €22,800 | €22,800 | - |
| Reserves not available under the articles1311 | €22,800 | - | - | - | - | - |
| Distributable reserves133 | €204,897 | €208,053 | €196,806 | €221,002 | €205,426 | - |
| Profit (loss) carried forward14 | -€5,953 | €0 | - | - | - | - |
| Amounts payable17/49 | €777,853 | €813,104 | €686,530 | €701,629 | €665,799 | - |
| Amounts payable after more than one year17 | €395,491 | €363,617 | €300,938 | €235,312 | €201,348 | - |
| Financial debts170/4 | €395,491 | €363,617 | €300,938 | €235,312 | €201,348 | - |
| Amounts payable within one year42/48 | €382,363 | €449,486 | €385,591 | €466,316 | €456,438 | - |
| Current portion of amounts payable after more than one year42 | €54,471 | €63,674 | €62,679 | €65,626 | €67,155 | - |
| Trade debts44 | €139,421 | €223,254 | €86,457 | €179,516 | €190,037 | - |
| Suppliers440/4 | €139,421 | €223,254 | €86,457 | €179,516 | €190,037 | - |
| Advances received on contracts in progress46 | €30,875 | €33,125 | €42,275 | €39,725 | €17,504 | - |
| Taxes, remuneration and social security45 | €8,498 | €6,893 | €5,688 | €4,839 | €10,444 | - |
| Taxes450/3 | €7,911 | €6,893 | €5,688 | €4,839 | €9,357 | - |
| Remuneration and social security454/9 | €587 | €0 | - | - | €1,088 | - |
| Other amounts payable47/48 | €149,097 | €122,541 | €188,493 | €176,610 | €171,299 | - |
| Accrued charges and deferred income492/3 | €0 | - | - | - | €8,013 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,458 | €9,109 | -€11,246 | €24,196 | -€15,576 | - |
| + Depreciation and write-downs630 | €55,982 | €63,042 | €62,741 | €66,685 | €32,356 | - |
| Operating cash flow (approximation) | €64,440 | €72,150 | €51,495 | €90,882 | €16,780 | - |
| Investment in fixed assets (approximation) | - | -€73,939 | -€30,966 | -€9,362 | - | - |
| Change in cash | - | €25,650 | €11,696 | €91,643 | - | - |
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
2026
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €24,196
Net result €24,196 after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €473
Net result €473 after one loss-making year.
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 22 days late
2020
30-06
Financial
Weakest financial yearnet -€21,683
Net result drops to -€21,683, the lowest in the series; recovery starts the following year.
11-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Merelbeke-Melle · 1 establishment unit since 1999
Ground area
2,186 m²
Building footprint
371 m²
Volume, LiDAR
1,405 m³
Parcel 44413A0056/00C000, Flanders · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Industriepark 4, 9820 Merelbeke-Melle
since 19992.030.859.702
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44413A0056/00C000 | Flanders | 2,186 m² | 1 · 371 m² | 5.3 m · 1 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.
Recognitions · licences · registrations
Care and welfare
1 service · 0 liveAdequat
Similar companies · same sector, comparable size
Officenter Beringen
BE 0756.891.493
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IN FINE CONSULTING
BE 0811.213.968
Kruisem · Eq €383,243
SOULBRICKS
BE 0563.889.803
Gent · Eq €382,838
FIMO CONSULTING
BE 0687.585.389
Geraardsbergen · Eq €382,792
ZESPRI SERVICE CENTRE
BE 0440.341.297
Antwerpen · Eq €382,655
Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 6,229 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
Founded18-08-1987
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431793025
Also
9925:BE0431793025
Registered
19-08-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.