Summary
ADEX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4,000 and a net result of €58,384. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 8091 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
7 d late
2024
16 d early
2023
33 d early
2022
15 d early
2021
11 d early
2020
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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, micro schema
Equity
€4,000=
2024 · €4,000
Net result
€58,384▼ 0.7%
2024 · €58,773
Total assets
€137,645▼ 20.5%
2024 · €173,035
Solvency
2.9%▲ 0.6pp
2024 · 2.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€0
Operating result-€1,600▼ 22.6%-€1,392▲ 13.0%-€1,435▼ 3.1%-€1,498▼ 4.3%-€1,512▼ 1.0%
Net result€37,539within the sector's middle half▲ 18.4%€38,803within the sector's middle half▲ 3.4%€31,727within the sector's middle half▼ 18.2%€58,773within the sector's middle half▲ 85.2%€58,384within the sector's middle half▼ 0.7%
Equity€73,250within the sector's middle half▲ 105%€112,053within the sector's middle half▲ 53.0%€4,000below the sector's middle half▼ 96.4%€4,000below the sector's middle half=€4,000below the sector's middle half=
Total assets€144,932within the sector's middle half▲ 12.2%€161,616within the sector's middle half▲ 11.5%€204,027within the sector's middle half▲ 26.2%€173,035within the sector's middle half▼ 15.2%€137,645within the sector's middle half▼ 20.5%
Debt€71,682▼ 23.3%€49,563▼ 30.9%€200,027▲ 304%€169,035▼ 15.5%€133,645▼ 20.9%
Working capital€2,566within the sector's middle half€24,553within the sector's middle half▲ 857%-€95,125below the sector's middle half-€95,125below the sector's middle half=-€95,125below the sector's middle half=
Solvency50.5%within the sector's middle half▲ 22.9pp69.3%within the sector's middle half▲ 18.8pp2.0%below the sector's middle half▼ 67.4pp2.3%below the sector's middle half▲ 0.4pp2.9%below the sector's middle half▲ 0.6pp
Current ratio1.05within the sector's middle half▲ 0.281.50within the sector's middle half▲ 0.450.52below the sector's middle half▼ 0.970.44below the sector's middle half▼ 0.090.29below the sector's middle half▼ 0.15
Return on assets (ROA)25.9%above the sector's middle half▲ 1.4pp24.0%above the sector's middle half▼ 1.9pp15.6%within the sector's middle half▼ 8.5pp34.0%above the sector's middle half▲ 18.4pp42.4%above the sector's middle half▲ 8.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 €1,512 in 2025 against €1,498 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137,645
Fixed assets
€99,125 =
Current assets
€38,520 ▼ 47.9%
Equity and liabilities €137,645
Equity
€4,000 =
Debt
€133,645 ▼ 20.9%
Debt's share of the balance-sheet total falls from 97.7% to 97.1%. Debt is lower.
Key figures and ratios
Debt ≤ 1 year
€133,645▼
2024 · €169,035
A ratio outside any meaningful range has been withheld (balance sheet total €137,645, equity €4,000).
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 | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €1,044 | - | - | - | - |
| Other operating charges640/8 | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€1,253 | -€1,044 | -€1,051 | -€1,110 | -€1,112 | ▼ 0.2% |
| Operating profit (loss)9901 | -€1,600 | -€1,392 | -€1,435 | -€1,498 | -€1,512 | ▼ 1.0% |
| Financial income75/76B | €40,000 | €40,753 | €33,411 | €60,375 | €60,000 | ▼ 0.6% |
| Recurring financial income75 | €40,000 | €40,753 | €33,411 | €60,375 | €60,000 | ▼ 0.6% |
| Financial charges65/66B | €860 | €558 | €249 | €104 | €104 | = |
| Recurring financial charges65 | €860 | €558 | €249 | €104 | €104 | = |
| Profit (loss) for the period before taxes9903 | €37,539 | €38,803 | €31,727 | €58,773 | €58,384 | ▼ 0.7% |
| Profit (loss) for the period9904 | €37,539 | €38,803 | €31,727 | €58,773 | €58,384 | ▼ 0.7% |
| Profit (loss) for the period to be appropriated9905 | €37,539 | €38,803 | €31,727 | €58,773 | €58,384 | ▼ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144,932 | €161,616 | €204,027 | €173,035 | €137,645 | ▼ 20.5% |
| Fixed assets21/28 | €87,500 | €87,500 | €99,125 | €99,125 | €99,125 | = |
| Financial fixed assets28 | €87,500 | €87,500 | €99,125 | €99,125 | €99,125 | = |
| Current assets29/58 | €57,432 | €74,116 | €104,902 | €73,910 | €38,520 | ▼ 47.9% |
| Amounts receivable within one year40/41 | €30,000 | €40,753 | €81,665 | €50,375 | - | - |
| Other amounts receivable41 | €30,000 | €40,753 | €81,665 | €50,375 | - | - |
| Cash at bank and in hand54/58 | €27,432 | €33,362 | €23,237 | €23,535 | €38,520 | ▲ 63.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144,932 | €161,616 | €204,027 | €173,035 | €137,645 | ▼ 20.5% |
| Equity10/15 | €73,250 | €112,053 | €4,000 | €4,000 | €4,000 | = |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €69,250 | €108,053 | - | - | - | - |
| Amounts payable17/49 | €71,682 | €49,563 | €200,027 | €169,035 | €133,645 | ▼ 20.9% |
| Amounts payable after more than one year17 | €16,816 | - | - | - | - | - |
| Financial debts170/4 | €16,816 | - | - | - | - | - |
| Amounts payable within one year42/48 | €54,866 | €49,563 | €200,027 | €169,035 | €133,645 | ▼ 20.9% |
| Current portion of amounts payable after more than one year42 | €22,124 | €16,816 | - | - | - | - |
| Trade debts44 | €242 | €247 | €247 | €262 | €262 | = |
| Suppliers440/4 | €242 | €247 | €247 | €262 | €262 | = |
| Other amounts payable47/48 | €32,500 | €32,500 | €199,780 | €168,773 | €133,384 | ▼ 21.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,539 | €38,803 | €31,727 | €58,773 | €58,384 | ▼ 0.7% |
| Operating cash flow (approximation) | €37,539 | €38,803 | €31,727 | €58,773 | €58,384 | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | €0 | -€11,625 | €0 | €0 | - |
| Change in cash | - | €5,930 | -€10,125 | €297 | €14,986 | ▲ 4,940% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €58,773 ▲85.2%
Net result €58,773, the highest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €112,053 ▲53%
3 profitable years in a row build equity to €112,053.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Jodoigne · 1 establishment unit since 2019
Ground area
538 m²
Building footprint
88 m²
Volume, LiDAR
562 m³
Parcel 25047A0232/00Y000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Hameau de la Gette 13, 1370 Jodoigne
since 20192.293.865.205
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25047A0232/00Y000 | Wallonia | 538 m² | 1 · 88 m² | 7.9 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
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2021 annual accounts of ADEX 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 2,793 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0731569842
Registered
12-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.