Summary
ADFTRADING 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 €80,604 and a net result of -€52,131. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 51% of 2469 sector peers (fiscal year 2025). The company has been active since 2018 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 · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
16 d early
2023
34 d early
2022
34 d early
2021
4 d late
2020
52 d early
2019
38 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 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 (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 15 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€80,604▼ 39.3%
2024 · €132,735
Net result
-€52,131
2024 · €49,952
Total assets
€158,294▼ 25.7%
2024 · €213,032
Solvency
50.9%▼ 11.4pp
2024 · 62.3%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€25,346▼ 3.5%-€21,067▲ 16.9%-€29,026▼ 37.8%-€23,758▲ 18.1%-€127,537▼ 437%
Net result€48,612within the sector's middle half▲ 1,563%€4,337within the sector's middle half▼ 91.1%€8,724within the sector's middle half▲ 101%€49,952within the sector's middle half▲ 473%-€52,131below the sector's middle half
Equity€69,722within the sector's middle half▲ 230%€74,059within the sector's middle half▲ 6.2%€82,783within the sector's middle half▲ 11.8%€132,735within the sector's middle half▲ 60.3%€80,604within the sector's middle half▼ 39.3%
Total assets€127,466below the sector's middle half▲ 127%€119,995below the sector's middle half▼ 5.9%€141,480within the sector's middle half▲ 17.9%€213,032within the sector's middle half▲ 50.6%€158,294within the sector's middle half▼ 25.7%
Debt€57,744▲ 64.8%€45,936▼ 20.4%€58,697▲ 27.8%€80,297▲ 36.8%€77,690▼ 3.2%
Working capital€68,266within the sector's middle half▲ 232%€73,164within the sector's middle half▲ 7.2%€82,448within the sector's middle half▲ 12.7%€132,735within the sector's middle half▲ 61.0%€80,604within the sector's middle half▼ 39.3%
Solvency54.7%within the sector's middle half▲ 17.1pp61.7%within the sector's middle half▲ 7.0pp58.5%within the sector's middle half▼ 3.2pp62.3%within the sector's middle half▲ 3.8pp50.9%within the sector's middle half▼ 11.4pp
Current ratio2.18within the sector's middle half▲ 0.602.59within the sector's middle half▲ 0.412.40within the sector's middle half▼ 0.192.65within the sector's middle half▲ 0.252.04within the sector's middle half▼ 0.62
Return on assets (ROA)38.1%above the sector's middle half▲ 32.9pp3.6%within the sector's middle half▼ 34.5pp6.2%within the sector's middle half▲ 2.6pp23.4%above the sector's middle half▲ 17.3pp-32.9%below the sector's middle half▼ 56.4pp
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 stays negative: a loss of €127,537 in 2025 against €23,758 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €158,294
Equity
€80,604 ▼ 39.3%
Debt
€77,690 ▼ 3.2%
Debt's share of the balance-sheet total rises from 37.7% to 49.1%. Equity and debt are lower.
Key figures and ratios
ROE
-64.7%▼
2024 · 37.6%
Debt ≤ 1 year
€77,690▼
2024 · €80,297
Income taxes
-€32▼
2024 · €18,386
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €436 | €561 | €560 | €335 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €103,068 | - |
| Other operating charges640/8 | €528 | €528 | €565 | €567 | €584 | ▲ 3.0% |
| Gross operating margin9900 | -€24,382 | -€19,978 | -€27,901 | -€22,856 | -€23,885 | ▼ 4.5% |
| Operating profit (loss)9901 | -€25,346 | -€21,067 | -€29,026 | -€23,758 | -€127,537 | ▼ 437% |
| Financial income75/76B | €110,692 | €45,531 | €58,147 | €152,180 | €116,895 | ▼ 23.2% |
| Recurring financial income75 | €110,692 | €45,531 | €58,147 | €152,180 | €116,895 | ▼ 23.2% |
| Financial charges65/66B | €20,232 | €17,374 | €16,990 | €60,084 | €41,521 | ▼ 30.9% |
| Recurring financial charges65 | €20,232 | €17,374 | €16,990 | €60,084 | €41,521 | ▼ 30.9% |
| Profit (loss) for the period before taxes9903 | €65,114 | €7,090 | €12,131 | €68,338 | -€52,163 | ▼ 176% |
| Income taxes67/77 | €16,502 | €2,753 | €3,407 | €18,386 | -€32 | ▼ 100% |
| Profit (loss) for the period9904 | €48,612 | €4,337 | €8,724 | €49,952 | -€52,131 | ▼ 204% |
| Profit (loss) for the period to be appropriated9905 | €48,612 | €4,337 | €8,724 | €49,952 | -€52,131 | ▼ 204% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127,466 | €119,995 | €141,480 | €213,032 | €158,294 | ▼ 25.7% |
| Fixed assets21/28 | €1,456 | €895 | €335 | - | - | - |
| Tangible fixed assets22/27 | €1,456 | €895 | €335 | - | - | - |
| Furniture and vehicles24 | €1,456 | €895 | €335 | - | - | - |
| Current assets29/58 | €126,010 | €119,100 | €141,145 | €213,032 | €158,294 | ▼ 25.7% |
| Stocks and contracts in progress3 | - | - | - | - | €12,958 | - |
| Stocks30/36 | - | - | - | - | €12,958 | - |
| Amounts receivable within one year40/41 | €124,210 | €117,757 | €137,579 | €205,478 | €138,152 | ▼ 32.8% |
| Trade receivables40 | - | €1,079 | - | - | €1,138 | - |
| Other amounts receivable41 | €124,210 | €116,678 | €137,579 | €205,478 | €137,014 | ▼ 33.3% |
| Cash at bank and in hand54/58 | €1,746 | €1,343 | €3,566 | €7,554 | €6,885 | ▼ 8.9% |
| Deferred charges and accrued income490/1 | €54 | - | - | - | €299 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127,466 | €119,995 | €141,480 | €213,032 | €158,294 | ▼ 25.7% |
| Equity10/15 | €69,722 | €74,059 | €82,783 | €132,735 | €80,604 | ▼ 39.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €55,462 | €59,799 | €68,523 | €118,475 | €66,344 | ▼ 44.0% |
| Amounts payable17/49 | €57,744 | €45,936 | €58,697 | €80,297 | €77,690 | ▼ 3.2% |
| Amounts payable within one year42/48 | €57,744 | €45,936 | €58,697 | €80,297 | €77,690 | ▼ 3.2% |
| Trade debts44 | €127 | - | €1,243 | €237 | - | - |
| Suppliers440/4 | €127 | - | €1,243 | €237 | - | - |
| Taxes, remuneration and social security45 | €16,671 | €1,643 | €5,050 | €14,793 | €2,271 | ▼ 84.6% |
| Taxes450/3 | €16,671 | €1,643 | €5,050 | €14,793 | €2,271 | ▼ 84.6% |
| Other amounts payable47/48 | €40,946 | €44,293 | €52,404 | €65,267 | €75,419 | ▲ 15.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,612 | €4,337 | €8,724 | €49,952 | -€52,131 | ▼ 204% |
| + Depreciation and write-downs630 | €436 | €561 | €560 | €335 | - | - |
| Operating cash flow (approximation) | €49,048 | €4,898 | €9,284 | €50,287 | -€52,131 | ▼ 204% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€403 | €2,223 | €3,988 | -€669 | ▼ 117% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€52,131
Net result drops to -€52,131, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €49,952 ▲473%
Net result €49,952, the highest in the series.
31-12
Financial
Equity above €100,000Eq €132,735 ▲60.3%
6 profitable years in a row build equity to €132,735.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Seneffe · 1 establishment unit since 2018
Ground area
6,904 m²
Parcel 52003A0159/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ADFTRADING
since 20182.278.957.392
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52003A0159/00A000 | Wallonia | 6,904 m² | - | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
8755003OI8DQMCOL9Z61
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Of 62 companies in sector 66129 we hold annual accounts for 38. 23 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
Founded31-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
66129Activities auxiliary to financial services and insurance activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700542611
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.