ADEVO
ActiveSummary
ADEVO has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20,959 and a net result of €6,905. Equity is shrinking by about 15% per year across the filed financial years. Its solvency ranks better than 22% of 8,966 sector peers (NACE 46, financial year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
- Equity
- €20,959
- Profit
- €6,905
- De Vogel AlexDirector
Why 55raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 02-09-2025)lowers riskFounded in 2009Legal form: general partnershipSize: total assets €113,421Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 30% on solvency, 17% on liquidity, 38% on profitability and 87% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 98 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
- Back to profitnet €6,905
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €11,370 after a loss of €4,023 in 2023, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,053 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €600 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,325 | €2,055 | €1,769 | €1,665 | €1,589 | €1,371 | €1,203 | ▼ 12.2% |
| Other operating charges640/8 | - | - | - | €1,969 | €2,924 | €275 | €1,086 | ▲ 295% |
| Gross operating margin9900 | €10,322 | -€7,929 | -€4,789 | €13,908 | €0 | -€2,378 | €13,659 | - |
| Operating profit (loss)9901 | €3,320 | -€11,641 | -€8,557 | €10,274 | -€4,513 | -€4,023 | €11,370 | - |
| Financial income75/76B | - | - | - | €25 | €1 | €6 | €3 | ▼ 50.2% |
| Recurring financial income75 | €27 | €4 | €4 | €25 | €1 | €6 | €3 | ▼ 50.2% |
| Financial charges65/66B | - | - | - | €1,090 | €558 | €2,475 | €4,468 | ▲ 80.5% |
| Recurring financial charges65 | €1,920 | €2,446 | €1,739 | €1,090 | €558 | €2,475 | €4,468 | ▲ 80.5% |
| Profit (loss) for the period before taxes9903 | €1,427 | -€14,083 | -€10,292 | €9,209 | -€5,070 | -€6,492 | €6,905 | - |
| Profit (loss) for the period9904 | €1,427 | -€14,083 | -€10,292 | €9,209 | -€5,070 | -€6,492 | €6,905 | - |
| Profit (loss) for the period to be appropriated9905 | €1,427 | -€14,083 | -€10,292 | €9,209 | -€5,070 | -€6,492 | €6,905 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €104,902 | €56,854 | €63,534 | €82,293 | €78,494 | €98,793 | €113,421 | ▲ 14.8% |
| Fixed assets21/28 | €30,206 | €12,362 | €10,593 | €8,928 | €7,339 | €5,968 | €5,265 | ▼ 11.8% |
| Tangible fixed assets22/27 | €11,530 | €9,475 | €7,706 | €6,041 | €4,451 | €3,081 | €1,877 | ▼ 39.1% |
| Plant, machinery and equipment23 | - | - | - | €6,041 | €4,451 | €3,081 | €1,877 | ▼ 39.1% |
| Financial fixed assets28 | €18,677 | €2,887 | €2,887 | €2,887 | €2,887 | €2,887 | €3,387 | ▲ 17.3% |
| Current assets29/58 | €74,696 | €44,491 | €52,941 | €73,365 | €71,155 | €92,824 | €108,156 | ▲ 16.5% |
| Stocks and contracts in progress3 | €6,856 | €5,445 | €5,445 | €5,019 | €1,186 | €1,186 | €1,186 | = |
| Stocks30/36 | - | - | - | €5,019 | €1,186 | €1,186 | €1,186 | = |
| Amounts receivable within one year40/41 | €66,771 | €38,279 | €46,197 | €67,517 | €63,248 | €87,828 | €105,071 | ▲ 19.6% |
| Trade receivables40 | - | - | - | €66,918 | €63,248 | €71,807 | €94,104 | ▲ 31.1% |
| Other amounts receivable41 | - | - | - | €599 | - | €16,022 | €10,967 | ▼ 31.6% |
| Cash at bank and in hand54/58 | €1,068 | €768 | €1,298 | €829 | €6,721 | €3,810 | €1,900 | ▼ 50.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €104,902 | €56,854 | €63,534 | €82,293 | €78,494 | €98,793 | €113,421 | ▲ 14.8% |
| Equity10/15 | €40,782 | €26,699 | €16,407 | €25,616 | €20,547 | €14,054 | €20,959 | ▲ 49.1% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Capital10 | - | - | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Issued capital100 | - | - | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €37,782 | €23,699 | €13,407 | €22,616 | €17,547 | €11,054 | €17,959 | ▲ 62.5% |
| Amounts payable17/49 | €64,120 | €30,155 | €47,127 | €56,677 | €57,947 | €84,738 | €92,462 | ▲ 9.1% |
| Amounts payable after more than one year17 | €15,468 | €9,612 | €3,320 | - | - | €24,082 | €18,154 | ▼ 24.6% |
| Financial debts170/4 | - | - | - | - | - | €24,082 | €18,154 | ▼ 24.6% |
| Amounts payable within one year42/48 | €48,652 | €20,543 | €43,807 | €56,677 | €57,947 | €60,656 | €74,308 | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €6,064 | €6,449 | ▲ 6.4% |
| Financial debts43 | - | - | - | €6,984 | €929 | - | €13,264 | - |
| Credit institutions430/8 | - | - | - | €6,984 | €929 | - | €13,264 | - |
| Trade debts44 | - | €9,146 | €17,821 | - | €8,186 | - | - | - |
| Suppliers440/4 | - | - | - | - | €8,186 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,329 | €183 | €3,390 | €1,658 | ▼ 51.1% |
| Taxes450/3 | - | - | - | €1,329 | €183 | €3,390 | €1,658 | ▼ 51.1% |
| Other amounts payable47/48 | - | - | - | €48,364 | €48,649 | €51,202 | €52,937 | ▲ 3.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,427 | -€14,083 | -€10,292 | €9,209 | -€5,070 | -€6,492 | €6,905 | - |
| + Depreciation and write-downs630 | €5,325 | €2,055 | €1,769 | €1,665 | €1,589 | €1,371 | €1,203 | ▼ 12.2% |
| Operating cash flow (approximation) | €6,752 | -€12,028 | -€8,523 | €10,874 | -€3,480 | -€5,122 | €8,108 | - |
| Investment in fixed assets (approximation) | - | €15,789 | €0 | €0 | €0 | €0 | -€500 | - |
| Change in cash | - | -€301 | €530 | -€469 | €5,892 | -€2,911 | -€1,910 | ▲ 34.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00473214 |
| 31-12-2023 | abbreviated format | 28-01-2025 | 2025-00029248 |
| 31-12-2022 | abbreviated format | 14-11-2023 | 2023-00511895 |
| 31-12-2021 | abbreviated format | 07-10-2022 | 2022-20461236 |
| 31-12-2020 | abbreviated format | 26-10-2021 | 2021-74300466 |
| 31-12-2019 | abbreviated format | 24-11-2020 | 2020-72700110 |
| 31-12-2018 | abbreviated format | 30-09-2019 | 2019-67400380 |
| 31-12-2017 | abbreviated format | 28-09-2018 | 2018-66700153 |
| 31-12-2016 | abbreviated format | 21-12-2017 | 2017-73000050 |
| 31-12-2015 | abbreviated format | 03-10-2016 | 2016-64000441 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| De Vogel Alex |
|
Owners and capital
Capital and shareholders
- Cappaert Christine Vennoot · 15 shares
- De Vogel Alex 15 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 23-01-2024 Converted to available equity · €3,000
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-01
Gazette deed
Resignation: De Vogel Alex (director)Reappointment: De Vogel Alex (director) · Partner · Legal-form conversion12 facts ▸
- General meeting, 04-12-2023
- Director in office, De Vogel Alex (director)
- Partner, Cappaert Christine
- Legal-form conversion, “Vennootschap onder firma (VOF)” (deed in Dutch)
- Capital conversion, “beschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Capital
- Shareholding, “aandelen op naam”, 15 (deed in Dutch) (2 times)
- Director resignation, De Vogel Alex (director)
- Director reappointment, De Vogel Alex (director (not named in the articles))
- Director discharge, De Vogel Alex
- Registered office clause, “Vlaams Gewest, 9111 Sint-Niklaas - Belsele - Marktstraat 209 bus A” (deed in Dutch)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46002A0286/00H002 | Flanders | 689 m² | 1 · 145 m² | 5.2 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verrichten van werkzaamheden van bemiddeling in bank- en beleggingsdiensten overeenkomstig de wet van 22 maart 2006 betreffende de…” (deed in Dutch)
18 activities (deed in Dutch)
- Het verrichten van werkzaamheden van bemiddeling in bank- en beleggingsdiensten overeenkomstig de wet van 22 maart 2006 betreffende de bemiddeling in bank- en beleggingsdiensten en de distributie van financiële instrumenten of iedere rechtsnorm die ter vervanging van voormelde wet deze activiteiten zal reguleren
- Het verrichten van werkzaamheden van verzekeringsbemiddeling overeenkomstig de wet van 27 maart 1995 betreffende de verzekerings- en herverzekeringbemiddeling en de distributie van verzekeringen of iedere latere rechtsnorm die ter vervanging van voormelde wet deze activiteiten zal reguleren
- De vervaardiging,groot- en kleinhandel van ijsblokjes
- Handelsbemiddeling groot- en kleinhandel in goederen,algemeen assortiment
- De vervaardiging,groot- en kleinhandel van bijouterieën en juwelen van edele metalen of van onedele metalen geplateerd met edele metalen,van edel- of halfedelstenen of van combinaties van edele metalen en edel- of halfedel
- De groothandel in overige edelstenen en halfedelstenen + kleinhandel
- Secretariaten
- Overige activiteiten i.v.m. administratie,n.e.g.
- De organisatie van diverse particuliere markten,inclusief rommelmarkten
- Organisatie van salons,tentoonstellingen en beurzen
- Overige zakelijke dienstverlening,n.e.g.
- Diensten verwant aan de scheppende en uitvoerende kunst
- Agentschap voor juwelen
- Import en export van alle voornoemde goederen en sieraden
- Koerierdiensten
- Groothandel in diepvriesproducten
- Foodtruck
- Traiteur
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Adevo
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan bevoegd oprichten in België en buitenland van bijhuizen,administratieve…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen, al dan niet aandeelhouder, één of meer bestuurders” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Elke overdracht of overgang van aandelen aan derden, Artikel 6” (deed in Dutch)
- Membership ruleWho can become a member or partner, and on what terms.
- “Uittreding bij intentie niet langer deel te nemen, Artikel 7” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of May at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Éénparigheid van aanwezige en geldig vertegenwoordigde stemmen, besluit algemene vergadering” (deed in Dutch)“Op elk moment, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Krachtens deze statuten, indien geen andere vereffenaar zou zijn benoemd” (deed in Dutch)