Turnover
The accounts state no turnover.
The accounts state no turnover.
The last five annual accounts were filed 20 to 55 days before the end of the period.
Subsidiary with negative equity. X-KWISIT · loss of €7,912 in 2025.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 34% of them on solvency, 15% on liquidity, 25% on profitability and 42% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 10,904 companies had the same profile as ADFINIMO has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of ADFINIMO itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for ADFINIMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.62 (0.57 in 2024), below 1. Short-term debt is 42.5% and cash 3.3% of total assets. 64.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ADFINIMO Kortemark | €393,888 | €28,489 | 35.6% | - |
| G&A INVEST Kortemark | €392,768 | €30,724 | -1.2% | - |
| PATRICK LIMPENS Middelkerke | €393,212 | €24,524 | 98.8% | - |
| MoRe consulting Antwerp | €379,386 | €27,774 | 98.8% | - |
| THINK MORE Landen | €377,820 | €26,913 | 11.2% | - |
| KONSILO Leuven | €366,711 | €28,826 | 86.4% | - |
| NS INVEST Schilde | €356,888 | €29,373 | -44.4% | - |
These companies have the same main activity as ADFINIMO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €357,000 and €393,000, founded between 2007 and 2010.
ADFINIMO files the micro format. That format states no turnover. The gross margin fell from €58,463 in 2009 to €28,489 in 2025.
The balance sheet grew most from 2015 to 2017 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Amounts without an identifiable currency are taken as euros.
Higher than 34% of 39,360 companies in 2025.
Higher than 14% of 38,044 companies in 2025.
Higher than 19% of 38,516 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
393,888 | 392,232 | 424,018 | 372,158 | 383,622 | 393,528 | 351,226 | 369,142 | 361,949 | 153,918 | 138,762 | 125,218 | 117,639 | 103,567 | 59,262 | 90,292 | 85,013 | |
20 |
- | - | - | - | - | - | 0 | - | - | - | 0 | 0 | 0 | - | 0 | 0 | - | |
21/28 |
290,070 | 307,268 | 325,069 | 284,498 | 254,046 | 280,043 | 292,609 | 330,789 | 309,086 | 41,634 | 14,946 | 22,603 | 29,365 | 43,991 | 31,325 | 25,213 | 30,978 | |
21 |
- | - | - | - | - | - | 0 | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | - | |
22/27 |
212,673 | 229,870 | 247,672 | 264,664 | 254,046 | 280,043 | 292,609 | 330,789 | 309,086 | 41,634 | 14,946 | 22,603 | 29,365 | 43,991 | 31,325 | 25,213 | 30,978 | |
22 |
165,650 | 172,119 | 179,436 | 186,940 | 196,872 | 206,299 | 206,150 | 218,104 | 213,760 | 4,110 | 5,058 | 6,007 | 7,087 | 8,167 | 7,993 | 1,342 | 274 | |
23 |
42,380 | 52,616 | 63,391 | 72,416 | 41,740 | 47,522 | 39,478 | 46,461 | 48,117 | 530 | 119 | 611 | 1,244 | 1,651 | 2,078 | 2,404 | 2,081 | |
24 |
2,543 | 3,035 | 2,744 | 3,208 | 13,334 | 24,122 | 44,881 | 64,124 | 45,109 | 34,894 | 9,769 | 15,985 | 21,034 | 34,173 | 21,254 | 21,467 | 28,623 | |
26 |
2,100 | 2,100 | 2,100 | 2,100 | 2,100 | 2,100 | 2,100 | 2,100 | 2,100 | 2,100 | - | - | - | - | - | - | - | |
28 |
77,398 | 77,398 | 77,398 | 19,833 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
103,817 | 84,964 | 98,948 | 87,660 | 129,576 | 113,484 | 58,617 | 38,353 | 52,863 | 112,284 | 123,816 | 102,615 | 88,274 | 59,576 | 27,937 | 65,079 | 54,035 | |
40/41 |
89,489 | 80,438 | 68,215 | 59,340 | 19,557 | 69,519 | 30,730 | 27,821 | 10,058 | 23,605 | 23,622 | 20,480 | 24,430 | 23,854 | 13,338 | 13,839 | 13,643 | |
40 |
21,212 | 18,702 | 20,463 | 18,821 | 19,557 | 69,519 | 29,796 | 27,821 | 10,058 | 19,254 | 21,896 | 17,421 | 24,430 | 23,854 | 13,338 | 12,715 | 13,643 | |
41 |
68,277 | 61,736 | 47,752 | 40,519 | - | - | 934 | - | - | 4,351 | 1,726 | 3,059 | 0 | 0 | 0 | 1,124 | - | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | - | - | - | |
54/58 |
13,141 | 3,803 | 24,023 | 22,579 | 103,527 | 38,765 | 26,362 | 10,500 | 40,669 | 78,280 | 99,694 | 81,755 | 63,464 | 35,298 | 14,392 | 50,584 | 39,077 | |
490/1 |
1,188 | 724 | 6,709 | 5,741 | 6,492 | 5,200 | 1,525 | 32 | 2,136 | 10,399 | 500 | 380 | 380 | 424 | 207 | 656 | 1,315 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
393,888 | 392,232 | 424,018 | 372,158 | 383,622 | 393,528 | 351,226 | 369,142 | 361,949 | 153,918 | 138,762 | 125,218 | 117,639 | 103,567 | 59,262 | 90,292 | 85,013 | |
10/15 |
140,284 | 140,033 | 171,257 | 171,236 | 163,202 | 121,317 | 74,055 | 87,019 | 88,581 | 120,153 | 119,609 | 96,963 | 79,072 | 56,955 | 38,059 | 21,163 | 49,222 | |
10/11 |
51,000 | 51,000 | 51,000 | 51,000 | 51,000 | 51,000 | 51,000 | 51,000 | 51,000 | 51,000 | 51,000 | 51,000 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 51,000 | 51,000 | 51,000 | 51,000 | 51,000 | 51,000 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
11 |
- | - | - | - | - | 51,000 | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | - | 51,000 | - | - | - | - | - | - | - | - | - | - | - | |
13 |
98,201 | 98,201 | 120,257 | 120,236 | 112,202 | 70,317 | 49,101 | 58,216 | 63,580 | 69,153 | 68,609 | 45,963 | 60,472 | 38,355 | 19,459 | 2,563 | 30,622 | |
130/1 |
- | - | 4,701 | 4,701 | 4,701 | 4,701 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 4,701 | 4,701 | 4,701 | 4,701 | 4,157 | 2,935 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 4,701 | 4,701 | 4,701 | 4,701 | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | - | - | - | - | - | - | |
132 |
201 | 201 | 201 | 201 | 201 | 201 | 201 | 0 | 0 | - | - | - | - | - | - | - | - | |
133 |
98,000 | 98,000 | 115,355 | 115,334 | 107,300 | 65,415 | 26,199 | 35,515 | 40,879 | 46,452 | 46,452 | 43,028 | 58,612 | 36,495 | 17,599 | 703 | 28,762 | |
14 |
-8,917 | -9,168 | - | - | - | - | -26,046 | -22,197 | -25,999 | - | - | - | - | - | - | - | - | |
17/49 |
253,604 | 252,199 | 252,761 | 200,921 | 220,420 | 272,211 | 277,171 | 282,123 | 273,368 | 33,765 | 19,153 | 28,255 | 38,567 | 46,612 | 21,203 | 69,129 | 35,791 | |
17 |
83,229 | 102,812 | 121,357 | 145,577 | 141,440 | 169,755 | 198,527 | 196,856 | 194,773 | 21,273 | - | 521 | 6,771 | 13,019 | 1,250 | 6,880 | 11,872 | |
170/4 |
83,229 | 102,812 | 121,357 | 145,577 | 141,440 | 169,755 | 198,527 | 196,856 | 194,773 | 21,273 | - | 521 | 6,771 | 13,019 | 1,250 | 6,880 | 11,872 | |
42/48 |
167,496 | 149,387 | 128,616 | 53,929 | 77,995 | 99,938 | 75,415 | 83,424 | 78,595 | 12,492 | 19,055 | 27,581 | 31,796 | 33,161 | 19,503 | 62,241 | 22,882 | |
42 |
19,123 | 19,013 | 24,220 | 27,363 | 28,315 | 28,773 | 35,130 | 27,350 | 20,424 | 7,091 | 520 | 6,250 | 6,250 | 7,527 | 5,189 | 5,423 | 6,110 | |
44 |
8,123 | 9,045 | 8,923 | 9,509 | 19,127 | 20,579 | 9,805 | 10,215 | 6,765 | 1,424 | 2,353 | 1,828 | 3,071 | 1,926 | 957 | 787 | 776 | |
440/4 |
8,123 | 9,045 | 8,923 | 9,509 | 19,127 | 20,579 | 9,805 | 10,215 | 6,765 | 1,424 | 2,353 | 1,828 | 3,071 | 1,926 | 957 | 787 | 776 | |
46 |
- | - | 1,032 | - | - | 7,145 | 1,948 | 3,185 | 1,695 | - | - | - | - | - | - | - | - | |
45 |
6,712 | 4,667 | 2,981 | 4,767 | 22,826 | 19,288 | 8,741 | 7,404 | 3,067 | 2,012 | 5,889 | 3,156 | 6,818 | 10,624 | 7,226 | 10,285 | 10,358 | |
450/3 |
6,712 | 4,667 | 2,981 | 4,767 | 22,826 | 19,288 | 8,741 | 7,404 | 3,067 | 2,012 | 5,889 | 3,156 | 6,818 | 10,624 | 7,013 | 10,285 | 9,664 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 213 | 0 | 694 | |
47/48 |
133,539 | 116,662 | 91,460 | 12,291 | 7,727 | 24,153 | 19,791 | 35,270 | 46,644 | 1,965 | 10,293 | 16,347 | 15,657 | 13,084 | 6,131 | 45,746 | 5,638 | |
492/3 |
2,878 | - | 2,788 | 1,416 | 986 | 2,519 | 3,229 | 1,843 | - | - | 98 | 153 | 0 | 432 | 450 | 8 | 1,037 | |
| Income statement | ||||||||||||||||||
70 |
- | - | - | - | - | - | 165,688 | 144,769 | 118,367 | 97,382 | 119,995 | 126,114 | 136,638 | 135,980 | 111,872 | 101,749 | 132,462 | |
76A |
- | - | 12,707 | - | - | - | 0 | 4,132 | - | - | 3,750 | - | - | - | - | - | - | |
9900 |
28,489 | -2,255 | 32,168 | 49,370 | 104,280 | 109,959 | 41,194 | 46,568 | 2,731 | 20,088 | 44,554 | 42,836 | 55,940 | 51,787 | 40,002 | 32,803 | 58,463 | |
60/61 |
- | - | - | - | - | - | 124,494 | 102,333 | 115,636 | 77,294 | 75,441 | 83,278 | 80,698 | 84,193 | 71,870 | 68,946 | 73,999 | |
62 |
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | - | - | - | |
630 |
18,149 | 18,456 | 18,633 | 29,377 | 31,174 | 38,166 | 37,720 | 35,565 | 18,249 | 15,384 | 7,658 | 8,259 | 15,674 | 15,767 | 10,249 | 8,374 | 9,891 | |
640/8 |
6,157 | 7,103 | 7,230 | 5,711 | 2,651 | 6,514 | 5,109 | 5,025 | 5,785 | 1,808 | 1,282 | 1,678 | 1,365 | 2,699 | 909 | 945 | 1,475 | |
66A |
- | - | - | - | 470 | - | 4,630 | - | - | - | 60 | - | 45 | 50 | 100 | 328 | - | |
9901 |
4,182 | -27,813 | 6,305 | 14,281 | 69,985 | 65,279 | -6,265 | 5,978 | -21,303 | 2,896 | 35,614 | 32,899 | 38,901 | 33,321 | 28,844 | 23,484 | 47,097 | |
75/76B |
2,416 | 2,375 | 1,805 | 2,809 | 10 | 2,085 | 496 | 36 | 159 | 170 | 271 | 514 | 256 | 372 | 727 | 149 | 412 | |
75 |
2,416 | 2,375 | 1,805 | 2,809 | 10 | 2,085 | 496 | 36 | 159 | 170 | 271 | 514 | 256 | 372 | 727 | 149 | 412 | |
65/66B |
5,425 | 5,493 | 5,171 | 4,433 | 4,645 | 5,359 | 6,872 | 7,108 | 10,781 | 883 | 964 | 1,772 | 1,846 | 1,791 | 1,169 | 1,321 | 1,252 | |
65 |
5,425 | 5,493 | 5,171 | 4,433 | 4,645 | 5,359 | 6,872 | 7,108 | 10,781 | 883 | 964 | 1,772 | 1,846 | 1,791 | 1,169 | 1,321 | 1,252 | |
9903 |
1,172 | -30,931 | 2,939 | 12,657 | 65,350 | 62,005 | -12,641 | -1,094 | -31,925 | 2,183 | 38,611 | 31,641 | 37,266 | 31,852 | 28,302 | 21,984 | 46,257 | |
67/77 |
921 | 293 | 2,918 | 3,023 | 21,865 | 10,143 | 323 | 468 | -353 | 1,639 | 13,547 | 7,740 | 12,739 | 10,546 | 8,996 | 10,043 | 13,225 | |
9904 |
251 | -31,224 | 21 | 9,634 | 43,485 | 51,863 | -12,964 | -1,562 | -31,572 | 544 | 25,064 | 23,901 | 24,527 | 21,306 | 19,306 | 11,941 | 33,032 | |
689 |
- | - | - | - | - | - | 201 | - | - | - | - | - | - | - | - | - | - | |
9905 |
251 | -31,224 | 21 | 9,634 | 43,485 | 51,863 | -13,165 | -1,562 | -31,572 | 544 | 25,064 | 23,901 | 24,527 | 21,306 | 19,306 | 11,941 | 33,032 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-8,917 | -31,224 | 21 | 9,634 | 43,485 | 25,817 | -35,362 | -27,561 | -31,572 | 544 | 25,064 | 23,901 | 24,527 | 21,306 | 19,306 | 11,941 | 33,032 | |
14P |
-9,168 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | 22,056 | - | - | - | 23,783 | 9,316 | 5,364 | 5,573 | - | 0 | 36,000 | 0 | 0 | 0 | 28,762 | - | |
691/2 |
- | - | 21 | 8,034 | 41,885 | 45,000 | - | - | - | 544 | 22,646 | 21,491 | 22,117 | 18,896 | 16,896 | 703 | 30,622 | |
6920 |
- | - | - | - | - | - | - | - | - | 544 | 1,222 | 1,075 | - | - | - | 0 | 1,860 | |
6921 |
- | - | 21 | 8,034 | 41,885 | 45,000 | - | - | - | - | 21,424 | 20,416 | 22,117 | 18,896 | 16,896 | 703 | 28,762 | |
694/7 |
- | - | - | 1,600 | 1,600 | 4,600 | - | - | - | - | 2,418 | 38,410 | 2,410 | 2,410 | 2,410 | 40,000 | 2,410 | |
694 |
- | - | - | 1,600 | 1,600 | 1,600 | - | - | - | - | 2,418 | 38,410 | 2,410 | 2,410 | 2,410 | 40,000 | 2,410 | |
695 |
- | - | - | - | - | 3,000 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 24-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 24-03-2026 | 2026-00060287 | |
| 30-09-2024 | micro format | 09-04-2025 | 2025-00066391 | |
| 30-09-2023 | micro format | 10-04-2024 | 2024-00061144 | |
| 30-09-2022 | micro format | 10-04-2023 | 2023-00056457 | |
| 30-09-2021 | abbreviated format | 06-03-2022 | 2022-07000170 | |
| 30-09-2020 | abbreviated format | 22-03-2021 | 2021-08200525 | |
| 30-09-2019 | micro format | 12-04-2020 | 2020-09300469 | |
| 30-09-2018 | micro format | 17-03-2019 | 2019-07400540 | |
| 30-09-2017 | micro format | 27-03-2018 | 2018-08700231 | |
| 30-09-2016 | abbreviated format | 12-03-2017 | 2017-06300327 | |
| 30-09-2015 | abbreviated format | 21-03-2016 | 2016-06800197 | |
| 30-09-2014 | abbreviated format | 29-03-2015 | 2015-07600122 | |
| 30-09-2013 | abbreviated format | 11-03-2014 | 2014-06500376 | |
| 30-09-2012 | abbreviated format | 18-04-2013 | 2013-09100244 | |
| 30-09-2011 | abbreviated format | 04-03-2012 | 2012-05800254 | |
| 30-09-2010 | abbreviated format | 17-02-2011 | 2011-03600049 | |
| 30-09-2009 | abbreviated format | 10-04-2010 | 2010-09200112 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22,331 | -9,358 | 24,938 | 43,658 | 101,159 | 103,444 | 31,455 | 41,543 | -3,054 | 18,280 | 43,272 | 41,158 | 54,575 | 49,088 | 39,093 | 31,858 | 56,988 | ||
| 18,401 | -12,768 | 18,654 | 39,012 | 74,659 | 90,028 | 24,756 | 34,003 | -13,323 | 15,928 | 32,722 | 32,160 | 40,201 | 37,073 | 29,555 | 20,315 | 42,923 | ||
| 952 | 654 | 1,641 | 60,404 | 5,177 | 25,600 | 4,062 | 87,538 | 285,701 | 42,072 | 1 | 1,497 | 1,048 | 28,433 | 16,361 | 2,757 | 40,869 | ||
| 9,339 | -20,221 | 1,445 | -80,949 | 64,762 | 12,403 | 15,862 | -30,169 | -37,611 | -21,414 | 17,939 | 18,291 | 28,166 | 20,906 | -36,192 | 11,507 | - | ||
| -63,679 | -64,423 | -29,668 | 33,731 | 51,581 | 13,547 | -16,798 | -45,071 | -25,732 | 99,792 | 104,761 | 75,034 | 56,478 | 26,415 | 8,434 | 2,838 | 31,153 | ||
| - | - | - | - | - | - | -3.8% | 4.1% | -18.0% | 3.0% | 29.7% | 26.1% | 28.5% | 24.5% | 25.8% | 23.1% | 35.6% | ||
| 35.6% | 35.7% | 40.4% | 46.0% | 42.5% | 30.8% | 21.1% | 23.6% | 24.5% | 78.1% | 86.2% | 77.4% | 67.2% | 55.0% | 64.2% | 23.4% | 57.9% | ||
| 0.62 | 0.57 | 0.77 | 1.63 | 1.66 | 1.14 | 0.78 | 0.46 | 0.67 | 8.99 | 6.50 | 3.72 | 2.78 | 1.80 | 1.43 | 1.05 | 2.36 | ||
| 1.81 | 1.80 | 1.48 | 1.17 | 1.35 | 2.24 | 3.74 | 3.24 | 3.09 | 0.28 | 0.16 | 0.29 | 0.49 | 0.82 | 0.56 | 3.27 | 0.73 | ||
| 0.2% | -22.3% | 0.0% | 5.6% | 26.6% | 42.7% | -17.5% | -1.8% | -35.6% | 0.5% | 21.0% | 24.6% | 31.0% | 37.4% | 50.7% | 56.4% | 67.1% | ||
| 0.1% | -8.0% | 0.0% | 2.6% | 11.3% | 13.2% | -3.7% | -0.4% | -8.7% | 0.4% | 18.1% | 19.1% | 20.8% | 20.6% | 32.6% | 13.2% | 38.9% | ||
| 4.12 | -1.70 | 4.82 | 9.85 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | 66 days | 70 days | 31 days | 72 days | 67 days | 50 days | 65 days | 64 days | 44 days | 46 days | 38 days | ||
| - | - | - | - | - | - | 29 days | 36 days | 21 days | 7 days | 11 days | 8 days | 14 days | 8 days | 5 days | 4 days | 4 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €952 | €654 | €1,641 | €40,570 |
| Financial fixed assets | - | - | - | €19,833 |
| €18,149 | €18,456 | €18,633 | €29,377 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €4,182, after a loss of €27,813 in 2024.
Debt's share of the balance-sheet total rises from 64.3% to 64.4%. Equity and debt are higher.
Source: list of holdings in its own 30-09-2025 accounts. Every holding stands with its own latest accounts.
| IWORKS
registered office since 27-04-2022 |
founded in 2022 0785.484.323 |
| De Four, Sabien (sole trader)
establishment since 01-04-2020 |
founded in 2020 0744.668.307 |
The network starts from the directors of ADFINIMO. Every other company they run is a node.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Amersveldestraat 139 registered office 8610 Kortemark | ||
| Amersveldestraat 139 A 8610 Kortemark 7330001 Public relations and communication consultancy | 10-07-2008 | 2.172.014.991 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 32005D0303/00B000 | 3,401 m² | 1 · 123 m² | 6.4 m · 1 |
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