ADEWE
ActiveSummary
ADEWE has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €667,843 and a net result of €136,295. Equity has been growing by about 33% per year since 2021. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-04-2021 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.316.441.261 2180 Antwerpen, since 19-04-2021
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Dossche AnnemarieDirector · since 16-04-2021
- Holdings
- Shares in 1 company Crefina et Cie SA
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- -€3,718
- ▼ 23.0%
- Profit
- €136,295
- ▲ 4.6%
- Equity
- €667,843
- ▲ 25.6%
- Total assets
- €954,627
- ▲ 16.7%
Score breakdownraises riskLiquidity: current ratio 3.11, cash €3,814, halvedFounded in 2021lowers riskSize: total assets €954,627No main activity registeredShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 58% of them on solvency, 21% on liquidity, 54% on profitability and 79% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 15 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2025 is a loss of €4,237, larger than the loss of €3,866 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | €62,000 | - | - | €62,000 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €91 | €215 | €436 | €843 | €520 | ▼ 38.3% |
| Gross operating margin9900 | -€4,108 | -€2,338 | -€2,785 | -€3,023 | -€3,718 | ▼ 23.0% |
| Operating profit (loss)9901 | -€4,199 | -€2,553 | -€3,221 | -€3,866 | -€4,237 | ▼ 9.6% |
| Financial income75/76B | €150,000 | €150,021 | €152,395 | €157,079 | €163,470 | ▲ 4.1% |
| Recurring financial income75 | €150,000 | €150,021 | €152,395 | €157,079 | €163,470 | ▲ 4.1% |
| Financial charges65/66B | €14 | €3,230 | €3,371 | €9,837 | €9,309 | ▼ 5.4% |
| Recurring financial charges65 | €14 | €3,230 | €3,371 | €9,837 | €9,309 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | €145,787 | €144,238 | €145,802 | €143,376 | €149,924 | ▲ 4.6% |
| Income taxes67/77 | €13,253 | €13,113 | €13,255 | €13,034 | €13,629 | ▲ 4.6% |
| Profit (loss) for the period9904 | €132,534 | €131,126 | €132,548 | €130,342 | €136,295 | ▲ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €132,534 | €131,126 | €132,548 | €130,342 | €136,295 | ▲ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214,427 | €358,660 | €688,692 | €818,079 | €954,627 | ▲ 16.7% |
| Fixed assets21/28 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Financial fixed assets28 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Current assets29/58 | €152,427 | €296,660 | €626,692 | €756,079 | €892,627 | ▲ 18.1% |
| Amounts receivable after more than one year29 | - | - | €459,853 | €464,428 | €625,090 | ▲ 34.6% |
| Other amounts receivable291 | - | - | €459,853 | €464,428 | €625,090 | ▲ 34.6% |
| Current investments50/53 | - | €3,585 | €33,400 | €209,591 | €263,723 | ▲ 25.8% |
| Cash at bank and in hand54/58 | €152,427 | €293,075 | €133,439 | €82,060 | €3,814 | ▼ 95.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214,427 | €358,660 | €688,692 | €818,079 | €954,627 | ▲ 16.7% |
| Equity10/15 | €137,534 | €268,659 | €401,207 | €531,549 | €667,843 | ▲ 25.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €132,534 | €263,659 | €396,207 | €526,549 | €662,843 | ▲ 25.9% |
| Distributable reserves133 | €132,534 | €263,659 | €396,207 | €526,549 | €662,843 | ▲ 25.9% |
| Amounts payable17/49 | €76,893 | €90,000 | €287,485 | €286,530 | €286,784 | ▲ 0.1% |
| Amounts payable within one year42/48 | €76,893 | €90,000 | €287,485 | €286,530 | €286,784 | ▲ 0.1% |
| Trade debts44 | - | - | - | - | €172 | - |
| Suppliers440/4 | - | - | - | - | €172 | - |
| Taxes, remuneration and social security45 | €13,253 | €26,360 | €26,345 | €25,693 | €25,381 | ▼ 1.2% |
| Taxes450/3 | €13,253 | €26,360 | €26,345 | €25,693 | €25,381 | ▼ 1.2% |
| Other amounts payable47/48 | €63,640 | €63,640 | €261,140 | €260,837 | €261,231 | ▲ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €132,534 | €131,126 | €132,548 | €130,342 | €136,295 | ▲ 4.6% |
| Operating cash flow (approximation) | €132,534 | €131,126 | €132,548 | €130,342 | €136,295 | ▲ 4.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €140,648 | -€159,636 | -€51,379 | -€78,247 | ▼ 52.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,782 companies had the same profile as ADEWE has now. Two years later, 96.7% were still going and 0.6% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of ADEWE itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for ADEWE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00355581 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00196775 | |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00370301 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00215134 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20116165 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
-
25%
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of ADEWE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11363E0055/00C000 | Flanders | 3,037 m² | 1 · 367 m² | 17.3 m · 2 |