Financials
- Fiscal year
- 2025
- Total assets
- €219,201
- Loss
- -€31,454
- Solvency
- 71.4%
Total assets▼ 18.1%
Net result
20182025
ADEXCO
ActiveSummary
ADEXCO has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156,402 and a net result of -€31,454. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 9508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Business and other management consultancy
NACE 70200Certified accountants and tax accountants NACE 69201Legal and accounting activities NACE 69202
#10 oldest company in Etterbeek, Professional and technical services sector1 site
Size
€219,201total assets 2025
- Staff
- 4 FTE
- Equity
- €156,402
- Loss
- -€31,454
Turnover not published (abridged schema)
Structure
Accounts 8 d early0 of 3 deeds read
Why 93- Loss of €31,454, the second in a row (FY 2025)+ Liquidity: current ratio 3.30, cash €50,145+ Sector Activities of head offices; management consultancy activities (NACE 70)+ Size: total assets €219,201Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Better than 45% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
96+1
equity 71.4% of total assets
Liquidity
75-4
short-term debt 16.0% · cash 22.9%
Profitability
51+35
return on assets -14.3%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 10 months
01-2026: < 0.1%lowest value
02-2026: < 0.1%● 0.0% vs 01-2026lowest value
03-2026: < 0.1%● 0.0% vs 02-2026lowest value
04-2026: < 0.1%▲ +3.2% vs 03-2026
05-2026: < 0.1%▼ -3.1% vs 04-2026lowest value
06-2026: < 0.1%▲ +6.5% vs 05-2026
07-2026: < 0.1%▲ +6.1% vs 06-2026
08-2026: 0.1%▲ +80.0% vs 07-2026highest value
09-2026: 0.1%● 0.0% vs 08-2026highest value
10-2026: 0.1%● 0.0% vs 09-2026highest value
- Loss of €31,454, the second in a row (FY 2025) raises the probability
- Liquidity: current ratio 3.30, cash €50,145 lowers the probability
- Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
- Size: total assets €219,201 lowers the probability for this profile
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 3.3 against 4.85 in 2024; short-term debt: 16% and cash: 22.9% of total assets), and 28.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 67%, liquidity 67%, profitability 24%, growth against the median 23%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€31,454
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 23-07-2026, 8 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
8 d early
2024
64 d early
2023
65 d early
2022
26 d early
2021
52 d early
2020
60 d early
2019
52 d early
← 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 47 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 9 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Incorporation · Founding capitalLegal form clause · Registered…
- Incorporation · Founding capitalName clause · Registered office…
- Annual accounts filedfiscal year 2025 · abbreviated…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2018
- Next accounts
- by 31-07-2027
- 22-09-2026Incorporation · Founding capital
- 10-08-2026Incorporation · Founding capital
- 23-07-2026Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 03-04-1981
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.