Summary
ADFINCON 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 €350,697 and a net result of €97,424. Equity is growing by ~50.4% per year across the filed fiscal years. Its solvency ranks better than 84% of 8061 sector peers (fiscal year 2025). The company has been active since 2021 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
15 d early
2024
27 d late
2023
30 d early
2022
28 d late
← 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 3 days after 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€350,697▲ 38.5%
2024 · €253,273
Net result
€97,424▼ 32.6%
2024 · €144,635
Total assets
€408,334▲ 29.7%
2024 · €314,772
Solvency
85.9%▲ 5.4pp
2024 · 80.5%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€88,852-€15,697▼ 82.3%€187,252▲ 1,093%€124,132▼ 33.7%
Net result€71,254-€12,384▼ 82.6%€144,635▲ 1,068%€97,424▼ 32.6%
Equity€96,254-€108,638▲ 12.9%€253,273▲ 133%€350,697▲ 38.5%
Total assets€123,558-€115,082▼ 6.9%€314,772▲ 174%€408,334▲ 29.7%
Debt€27,303-€6,444▼ 76.4%€61,499▲ 854%€57,636▼ 6.3%
Working capital€73,178-€85,024▲ 16.2%€164,563▲ 93.5%€279,813▲ 70.0%
Solvency77.9%-94.4%▲ 16.5pp80.5%▼ 13.9pp85.9%▲ 5.4pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €408,334
Fixed assets
€72,385 ▼ 19.9%
Current assets
€335,949 ▲ 49.7%
Equity and liabilities €408,334
Equity
€350,697 ▲ 38.5%
Debt
€57,636 ▼ 6.3%
Debt's share of the balance-sheet total falls from 19.5% to 14.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
27.8%▼
2024 · 57.1%
ROA
23.9%▼
2024 · 45.9%
Debt ≤ 1 year
€56,136▼
2024 · €59,858
Income taxes
€29,109▼
2024 · €42,729
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,194 | €2,068 | €21,996 | €17,966 | ▼ 18.3% |
| Other operating charges640/8 | €262 | €215 | €973 | €890 | ▼ 8.5% |
| Gross operating margin9900 | €93,308 | €17,980 | €210,221 | €142,987 | ▼ 32.0% |
| Operating profit (loss)9901 | €88,852 | €15,697 | €187,252 | €124,132 | ▼ 33.7% |
| Financial income75/76B | - | €182 | €390 | €2,607 | ▲ 568% |
| Recurring financial income75 | - | €182 | €390 | €2,607 | ▲ 568% |
| Financial charges65/66B | €180 | €236 | €279 | €206 | ▼ 26.2% |
| Recurring financial charges65 | €180 | €236 | €279 | €206 | ▼ 26.2% |
| Profit (loss) for the period before taxes9903 | €88,672 | €15,643 | €187,364 | €126,533 | ▼ 32.5% |
| Income taxes67/77 | €17,418 | €3,259 | €42,729 | €29,109 | ▼ 31.9% |
| Profit (loss) for the period9904 | €71,254 | €12,384 | €144,635 | €97,424 | ▼ 32.6% |
| Profit (loss) for the period to be appropriated9905 | €71,254 | €12,384 | €144,635 | €97,424 | ▼ 32.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €123,558 | €115,082 | €314,772 | €408,334 | ▲ 29.7% |
| Fixed assets21/28 | €24,576 | €25,196 | €90,351 | €72,385 | ▼ 19.9% |
| Tangible fixed assets22/27 | €9,576 | €10,196 | €75,351 | €57,385 | ▼ 23.8% |
| Plant, machinery and equipment23 | - | - | €1,748 | €1,334 | ▼ 23.7% |
| Furniture and vehicles24 | €7,062 | €5,645 | €67,264 | €50,931 | ▼ 24.3% |
| Other tangible fixed assets26 | €2,514 | €4,551 | €6,338 | €5,120 | ▼ 19.2% |
| Financial fixed assets28 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Current assets29/58 | €98,982 | €89,887 | €224,421 | €335,949 | ▲ 49.7% |
| Amounts receivable within one year40/41 | €397 | €3,832 | €21,853 | €64,036 | ▲ 193% |
| Trade receivables40 | - | €3,000 | €21,853 | €23,009 | ▲ 5.3% |
| Other amounts receivable41 | €397 | €832 | €0 | €41,027 | - |
| Current investments50/53 | €14,911 | €14,911 | €14,911 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €83,673 | €71,079 | €187,216 | €271,464 | ▲ 45.0% |
| Deferred charges and accrued income490/1 | - | €65 | €441 | €449 | ▲ 1.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €123,558 | €115,082 | €314,772 | €408,334 | ▲ 29.7% |
| Equity10/15 | €96,254 | €108,638 | €253,273 | €350,697 | ▲ 38.5% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €71,254 | €83,638 | €228,273 | €325,697 | ▲ 42.7% |
| Distributable reserves133 | €71,254 | €83,638 | €228,273 | €325,697 | ▲ 42.7% |
| Amounts payable17/49 | €27,303 | €6,444 | €61,499 | €57,636 | ▼ 6.3% |
| Amounts payable within one year42/48 | €25,803 | €4,862 | €59,858 | €56,136 | ▼ 6.2% |
| Trade debts44 | €7,085 | €86 | €578 | €3,303 | ▲ 471% |
| Suppliers440/4 | €7,085 | €86 | €578 | €3,303 | ▲ 471% |
| Taxes, remuneration and social security45 | €17,418 | €3,205 | €53,996 | €52,833 | ▼ 2.2% |
| Taxes450/3 | €17,418 | €3,205 | €53,996 | €52,833 | ▼ 2.2% |
| Other amounts payable47/48 | €1,300 | €1,571 | €5,284 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €1,500 | €1,582 | €1,640 | €1,500 | ▼ 8.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71,254 | €12,384 | €144,635 | €97,424 | ▼ 32.6% |
| + Depreciation and write-downs630 | €4,194 | €2,068 | €21,996 | €17,966 | ▼ 18.3% |
| Operating cash flow (approximation) | €75,449 | €14,452 | €166,631 | €115,390 | ▼ 30.8% |
| Investment in fixed assets (approximation) | - | -€2,688 | -€87,151 | €0 | ▲ 100% |
| Change in cash | - | -€12,595 | €116,137 | €84,248 | ▼ 27.5% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2022net €144,635 ▲1,068%
Operating result €187,252, net result €144,635, both a record.
31-12
Financial
Equity above €200,000Eq €253,273 ▲133%
3 profitable years in a row build equity to €253,273.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €12,384 ▼82.6%
Net result drops to €12,384, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 18.49
Current ratio from 3.84 to 18.49; short-term debt falls from €25,803 to €4,862.
31-12
Financial
Equity above €100,000Eq €108,638 ▲12.9%
2 profitable years in a row build equity to €108,638.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 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, Zonnebeke · 1 establishment unit since 2021
Ground area
639 m²
Building footprint
145 m²
Volume, LiDAR
734 m³
Parcel 33037B0562/00R000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADFINCON
since 20212.316.021.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037B0562/00R000 | Flanders | 639 m² | 1 · 145 m² | 7.6 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,772 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
Founded16-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
Phone
0478320138Zonnebeke
E-invoicing
Reachable via Peppol
Peppol ID
0208:0766809348
Also
9925:BE0766809348
Registered
04-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.