ADFINIMO
ActiveSummary
ADFINIMO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140k and a net result of €251. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 34% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+44
Solvency61=
Growth79▲+17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.57 in 2024; short-term debt: 42.5% and cash: 3.3% of total assets), and 64.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.6%
Return on assets
0.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
21 d early
2023
20 d early
2022
20 d early
2021
55 d early
2020
39 d early
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€166k▲ 14.4%
2018 · €145k
2018: €145k
2018 → 2019
EBIT margin
-3.8%▼ 7.9pp
2018 · 4.1%
2018: 4.1%
2018 → 2019
Net result
€251
2024 · €-31k
2018: €-2k
2019: €-13k
2020: €52k
2021: €52k
2022: €10k
2023: €21
2024: €-31k
2018 → 2025
Working capital
€-64k▲ 1.2%
2024 · €-64k
2018: €-45k
2019: €-17k
2020: €14k
2021: €30k
2022: €34k
2023: €-30k
2024: €-64k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€163k-€171k▲ 4.9%€171k=€140k▼ 18.2%€140k▲ 0.2%
Operating result€70k-€14k▼ 79.6%€6k▼ 55.9%€-28k€4k
Net result€52k-€10k▼ 81.4%€21▼ 99.8%€-31k€251
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €28k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €394k
Fixed assets
€290k ▼ 5.6%
Current assets
€104k ▲ 22.2%
Equity and liabilities €394k
Equity
€140k ▲ 0.2%
Debt
€254k ▲ 0.6%
Debt's share of the balance-sheet total rises from 64.3% to 64.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▲
2024 · €-9k
Cash flow
€18k▲
2024 · €-13k
Current ratio
0.62▲
2024 · 0.57
Debt to equity
1.81▲
2024 · 1.80
ROE
0.2%▲
2024 · -22.3%
ROA
0.1%▲
2024 · -8.0%
Interest coverage
4.12▲
2024 · -1.70
Debt ≤ 1 year
€167k▲
2024 · €149k
Debt > 1 year
€83k▼
2024 · €103k
Income taxes
€921▲
2024 · €293
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€392k€394k▲
Fixed assets21/28€307k€290k▼
Tangible fixed assets22/27€230k€213k▼
Land and buildings22€172k€166k▼
Plant, machinery and equipment23€53k€42k▼
Furniture and vehicles24€3k€3k▼
Other tangible fixed assets26€2k€2k=
Financial fixed assets28€77k€77k=
Current assets29/58€85k€104k▲
Amounts receivable within one year40/41€80k€89k▲
Trade receivables40€19k€21k▲
Other amounts receivable41€62k€68k▲
Cash at bank and in hand54/58€4k€13k▲
Deferred charges and accrued income490/1€724€1k▲
Equity and liabilities
Total equity and liabilities10/49€392k€394k▲
Equity10/15€140k€140k▲
Contributions10/11€51k€51k=
Reserves13€98k€98k=
Tax-exempt reserves132€201€201=
Distributable reserves133€98k€98k=
Profit (loss) carried forward14€-9k€-9k▲
Amounts payable17/49€252k€254k▲
Amounts payable after more than one year17€103k€83k▼
Financial debts170/4€103k€83k▼
Amounts payable within one year42/48€149k€167k▲
Current portion of amounts payable after more than one year42€19k€19k▲
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€5k€7k▲
Other amounts payable47/48€117k€134k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▼
Other operating charges640/8€7k€6k▼
Gross operating margin9900€-2k€28k▲
Operating profit (loss)9901€-28k€4k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€-31k€1k▲
Income taxes67/77€293€921▲
Profit (loss) for the period9904€-31k€251▲
Profit (loss) for the period to be appropriated9905€-31k€251▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-9k▲
Profit (loss) brought forward from the previous period14P-€-9k
Transfer from equity791/2€22k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €251
Net result €251 after one loss-making year.
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-31k ▼151599%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €150kEq €163k ▲34.5%
2 profitable years in a row build equity to €163k.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €52k
Net result €52k after 2 loss-making years.
30-09
Financial
Equity above €100kEq €121k ▲63.8%
Equity rises from €74k to €121k.
12-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
17-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Kortemark · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Amersveldestraat 1398610 KortemarkGround area
3,401 m²
Building footprint
123 m²
Volume, LiDAR
518 m³
Parcel 32005D0303/00B000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ADFINIMO
since 20082.172.014.991
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32005D0303/00B000 | Flanders | 3,401 m² | 1 · 123 m² | 6.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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VITRIEL
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VTBM
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LE 8
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 40,871 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2008
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.