ADEXCO
ActiveSummary
ADEXCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For ADEXCO, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (-€11,588) and a net result of -€29,584. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2914 sector peers (fiscal year 2022). The company has been active since 2011 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.
Filing: At least two filing cycles are missing
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-07-2023, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
6 d early
2021
34 d early
2020
11 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2022, micro schema
Equity
-€11,588
2021 · €17,996
Net result
-€29,584
2021 · €582
Total assets
€36,142▲ 19.7%
2021 · €30,196
Solvency
-32.1%▼ 91.7pp
2021 · 59.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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
Line20182019202020212022
Operating result€10,399-€15,120▲ 45.4%€18,330▲ 21.2%€2,104▼ 88.5%-€25,420
Net result€7,898-€10,504▲ 33.0%€13,397within the sector's middle half▲ 27.5%€582below the sector's middle half▼ 95.7%-€29,584below the sector's middle half
Equity-€6,488-€4,016€17,414below the sector's middle half▲ 334%€17,996below the sector's middle half▲ 3.3%-€11,588below the sector's middle half
Total assets€12,494-€17,975▲ 43.9%€32,159below the sector's middle half▲ 78.9%€30,196below the sector's middle half▼ 6.1%€36,142below the sector's middle half▲ 19.7%
Debt€18,981-€13,959▼ 26.5%€14,745▲ 5.6%€12,200▼ 17.3%€47,730▲ 291%
Working capital-€6,488-€4,016€17,414within the sector's middle half▲ 334%€14,198within the sector's middle half▼ 18.5%-€20,680below the sector's middle half
Solvency-51.9%-22.3%▲ 74.3pp54.1%within the sector's middle half▲ 31.8pp59.6%within the sector's middle half▲ 5.4pp-32.1%below the sector's middle half▼ 91.7pp
Current ratio0.66-1.29▲ 0.632.18within the sector's middle half▲ 0.892.16within the sector's middle half▼ 0.020.38below the sector's middle half▼ 1.79
Return on assets (ROA)63.2%-58.4%▼ 4.8pp41.7%above the sector's middle half▼ 16.8pp1.9%within the sector's middle half▼ 39.7pp-81.9%below the sector's middle half▼ 83.8pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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 turns negative in 2022: a loss of €25,420 after €2,104 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €36,142
Fixed assets
€23,559 ▲ 520%
Current assets
€12,583 ▼ 52.3%
Key figures and ratios
Debt ≤ 1 year
€33,263▲
2021 · €12,200
Debt > 1 year
€14,467
Income taxes
€1,116▼
2021 · €1,380
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,077 | - | - | €663 | €1,973 | ▲ 198% |
| Other operating charges640/8 | - | - | - | €546 | €7,455 | ▲ 1,266% |
| Gross operating margin9900 | €12,607 | €15,680 | €18,792 | €3,313 | -€15,992 | ▼ 583% |
| Operating profit (loss)9901 | €10,399 | €15,120 | €18,330 | €2,104 | -€25,420 | ▼ 1,308% |
| Financial income75/76B | - | - | - | €432 | - | - |
| Recurring financial income75 | €2 | €173 | €533 | €432 | - | - |
| Financial charges65/66B | - | - | - | €575 | €3,048 | ▲ 430% |
| Recurring financial charges65 | €659 | €539 | €882 | €575 | €3,048 | ▲ 430% |
| Profit (loss) for the period before taxes9903 | €9,742 | €14,754 | €17,981 | €1,962 | -€28,468 | ▼ 1,551% |
| Income taxes67/77 | €1,844 | €4,250 | €4,584 | €1,380 | €1,116 | ▼ 19.1% |
| Profit (loss) for the period9904 | €7,898 | €10,504 | €13,397 | €582 | -€29,584 | ▼ 5,183% |
| Profit (loss) for the period to be appropriated9905 | €7,898 | €10,504 | €13,397 | €582 | -€29,584 | ▼ 5,183% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,494 | €17,975 | €32,159 | €30,196 | €36,142 | ▲ 19.7% |
| Fixed assets21/28 | - | - | - | €3,798 | €23,559 | ▲ 520% |
| Tangible fixed assets22/27 | - | - | - | €3,798 | €23,559 | ▲ 520% |
| Plant, machinery and equipment23 | - | - | - | €2,823 | €2,145 | ▼ 24.0% |
| Furniture and vehicles24 | - | - | - | €975 | €21,414 | ▲ 2,096% |
| Current assets29/58 | €12,494 | €17,975 | €32,159 | €26,398 | €12,583 | ▼ 52.3% |
| Amounts receivable within one year40/41 | €7,985 | €13,101 | €21,664 | €14,822 | €7,851 | ▼ 47.0% |
| Trade receivables40 | - | - | - | €8,051 | €7,851 | ▼ 2.5% |
| Other amounts receivable41 | - | - | - | €6,771 | - | - |
| Cash at bank and in hand54/58 | €4,461 | €4,825 | €10,446 | €10,368 | €3,556 | ▼ 65.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,207 | €1,176 | ▼ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,494 | €17,975 | €32,159 | €30,196 | €36,142 | ▲ 19.7% |
| Equity10/15 | -€6,488 | €4,016 | €17,414 | €17,996 | -€11,588 | ▼ 164% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | = |
| Reserves13 | - | - | €5,014 | €5,596 | €5,596 | = |
| Distributable reserves133 | - | - | - | €5,596 | €5,596 | = |
| Profit (loss) carried forward14 | -€18,888 | -€8,384 | -€18,888 | - | -€29,584 | - |
| Amounts payable17/49 | €18,981 | €13,959 | €14,745 | €12,200 | €47,730 | ▲ 291% |
| Amounts payable after more than one year17 | - | - | - | - | €14,467 | - |
| Financial debts170/4 | - | - | - | - | €14,467 | - |
| Amounts payable within one year42/48 | €18,981 | €13,959 | €14,745 | €12,200 | €33,263 | ▲ 173% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,731 | - |
| Trade debts44 | €4,117 | €1,552 | €1,704 | €2,969 | €6,360 | ▲ 114% |
| Suppliers440/4 | - | - | - | €2,969 | €6,360 | ▲ 114% |
| Taxes, remuneration and social security45 | - | - | - | €9,231 | €20,244 | ▲ 119% |
| Taxes450/3 | - | - | - | €9,231 | €20,244 | ▲ 119% |
| Other amounts payable47/48 | - | - | - | - | €2,928 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,898 | €10,504 | €13,397 | €582 | -€29,584 | ▼ 5,183% |
| + Depreciation and write-downs630 | €1,077 | - | - | €663 | €1,973 | ▲ 198% |
| Operating cash flow (approximation) | €8,975 | €10,504 | €13,397 | €1,245 | -€27,611 | ▼ 2,318% |
| Investment in fixed assets (approximation) | - | - | - | - | -€21,734 | - |
| Change in cash | - | €364 | €5,621 | -€78 | -€6,813 | ▼ 8,673% |
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
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€29,584
Net result drops to -€29,584, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €13,397 ▲27.5%
Operating result €18,330, net result €13,397, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
21-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 21 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Diest · 1 establishment unit since 2011
Ground area
886 m²
Building footprint
124 m²
Volume, LiDAR
605 m³
Parcel 24097E0235/00G000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hezestraat 88, 3290 Diest
since 20112.197.255.183
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24097E0235/00G000 | Flanders | 886 m² | 1 · 124 m² | 6.4 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 117 EUR awarded · 224 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 117 EUR | 224 EUR |
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Of 853 companies in sector 66210 we hold annual accounts for 511. 284 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 (pre-2019)
Founded13-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
66210Risk and damage evaluation
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.