ADI
ActiveSummary
The computed 12-month bankruptcy probability of ADI is 3.9% (moderate). The 2025 annual accounts show negative equity (-€39,749) and a net result of €6,302. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 5% of 13604 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+44
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 0.11 in 2024; short-term debt: 417.8% and cash: 40.3% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-317.8%
Return on assets
50.4%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 13604 sector peers (2025).
NBB · sector comparisonPosition among 13604 sector peers
Solvency
better than 5%
← weakest
strongest →
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 19-03-2026, 134 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
134 d early
2024
134 d early
2023
37 d early
2022
46 d early
2021
12 d early
2020
93 d late
2019
23 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 42 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 June (5 of the last 5 filed years within 88 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,302▲ 1,155%
2024 · €502
Working capital
-€39,749▲ 14.9%
2024 · -€46,696
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20212022202320242025
Operating result€5,271-€2,675-€1,708▲ 36.1%€678€6,677▲ 885%
Net result€5,087within the sector's middle half-€2,415within the sector's middle half-€2,149within the sector's middle half▲ 11.0%€502within the sector's middle half€6,302within the sector's middle half▲ 1,155%
Equity-€41,989below the sector's middle half▲ 10.8%-€44,404below the sector's middle half▼ 5.8%-€46,553below the sector's middle half▼ 4.8%-€46,051below the sector's middle half▲ 1.1%-€39,749below the sector's middle half▲ 13.7%
Total assets€8,269below the sector's middle half▼ 23.7%€4,450below the sector's middle half▼ 46.2%€4,689below the sector's middle half▲ 5.4%€6,675below the sector's middle half▲ 42.4%€12,509below the sector's middle half▲ 87.4%
Debt€50,258▼ 13.2%€48,854▼ 2.8%€51,242▲ 4.9%€52,726▲ 2.9%€52,258▼ 0.9%
Working capital-€42,911below the sector's middle half▲ 13.8%-€45,326within the sector's middle half▼ 5.6%-€47,198within the sector's middle half▼ 4.1%-€46,696within the sector's middle half▲ 1.1%-€39,749below the sector's middle half▲ 14.9%
Solvency-507.8%below the sector's middle half▼ 73.3pp-689.9%below the sector's middle half-317.8%below the sector's middle half▲ 372.1pp
Current ratio0.15below the sector's middle half▲ 0.010.11below the sector's middle half0.24below the sector's middle half▲ 0.13
Return on assets (ROA)61.5%above the sector's middle half▲ 91.7pp7.5%within the sector's middle half50.4%above the sector's middle half▲ 42.9pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 885% above 2024 and is the highest result in the available series.
Key figures and ratios
Quick ratio
0.23▲
2024 · 0.09
Debt to equity
-1.31▼
2024 · -1.14
Debt ≤ 1 year
€52,258▼
2024 · €52,726
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €18,600 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,777 | - | €277 | - | - | - |
| Other operating charges640/8 | €1,197 | €1,817 | €2,981 | €2,800 | €3,076 | ▲ 9.9% |
| Gross operating margin9900 | €8,245 | -€858 | €1,550 | €3,478 | €9,753 | ▲ 180% |
| Operating profit (loss)9901 | €5,271 | -€2,675 | -€1,708 | €678 | €6,677 | ▲ 885% |
| Financial income75/76B | - | €468 | - | €2 | - | - |
| Recurring financial income75 | - | €468 | - | €2 | - | - |
| Financial charges65/66B | €184 | €208 | €441 | €178 | €375 | ▲ 111% |
| Recurring financial charges65 | €184 | €208 | €441 | €178 | €375 | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €5,087 | -€2,415 | -€2,149 | €502 | €6,302 | ▲ 1,155% |
| Profit (loss) for the period9904 | €5,087 | -€2,415 | -€2,149 | €502 | €6,302 | ▲ 1,155% |
| Profit (loss) for the period to be appropriated9905 | €5,087 | -€2,415 | -€2,149 | €502 | €6,302 | ▲ 1,155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,269 | €4,450 | €4,689 | €6,675 | €12,509 | ▲ 87.4% |
| Fixed assets21/28 | €922 | €922 | €645 | €645 | - | - |
| Tangible fixed assets22/27 | €277 | €277 | - | - | - | - |
| Plant, machinery and equipment23 | €277 | €277 | - | - | - | - |
| Financial fixed assets28 | €645 | €645 | €645 | €645 | - | - |
| Current assets29/58 | €7,347 | €3,528 | €4,044 | €6,030 | €12,509 | ▲ 107% |
| Stocks and contracts in progress3 | €1,073 | €520 | €502 | €1,206 | €552 | ▼ 54.2% |
| Stocks30/36 | €1,073 | €520 | €502 | €1,206 | €552 | ▼ 54.2% |
| Amounts receivable within one year40/41 | €2,225 | €2,359 | €383 | €3,860 | €6,921 | ▲ 79.3% |
| Trade receivables40 | €2,225 | €2,359 | - | €3,860 | €6,921 | ▲ 79.3% |
| Other amounts receivable41 | - | - | €383 | - | - | - |
| Cash at bank and in hand54/58 | €4,049 | €649 | €3,159 | €964 | €5,036 | ▲ 422% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,269 | €4,450 | €4,689 | €6,675 | €12,509 | ▲ 87.4% |
| Equity10/15 | -€41,989 | -€44,404 | -€46,553 | -€46,051 | -€39,749 | ▲ 13.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€60,589 | -€63,004 | -€65,153 | -€64,651 | -€58,349 | ▲ 9.7% |
| Amounts payable17/49 | €50,258 | €48,854 | €51,242 | €52,726 | €52,258 | ▼ 0.9% |
| Amounts payable within one year42/48 | €50,258 | €48,854 | €51,242 | €52,726 | €52,258 | ▼ 0.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €2,609 | - |
| Trade debts44 | €3,325 | €2,338 | €693 | €5,587 | €4,396 | ▼ 21.3% |
| Suppliers440/4 | €3,325 | €2,338 | €693 | €5,587 | €4,396 | ▼ 21.3% |
| Taxes, remuneration and social security45 | €1,494 | €3,382 | - | - | €2,766 | - |
| Taxes450/3 | €1,494 | €3,382 | - | - | €2,766 | - |
| Other amounts payable47/48 | €45,439 | €43,134 | €50,549 | €47,139 | €42,487 | ▼ 9.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,087 | -€2,415 | -€2,149 | €502 | €6,302 | ▲ 1,155% |
| + Depreciation and write-downs630 | €1,777 | - | €277 | - | - | - |
| Operating cash flow (approximation) | €6,864 | -€2,415 | -€1,872 | €502 | €6,302 | ▲ 1,155% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€3,400 | €2,510 | -€2,195 | €4,072 | ▲ 286% |
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
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €6,302 ▲1,155%
Operating result €6,677, net result €6,302, both a record.
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €502
Net result €502 after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €5,087
Net result €5,087 after 3 loss-making years.
01-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 93 days late
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€15,522
Net result drops to -€15,522, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2012
Ground area
86 m²
Building footprint
86 m²
Volume, LiDAR
1,489 m³
Parcel 21562A0076/00B007, Brussels · tallest building 20.2 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LE BATEAU IVRE
since 20122.209.066.617
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0076/00B007 | Brussels | 86 m² | 1 · 86 m² | 20.2 m · 6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis2.209.066.617
Similar companies · same sector and region
AMARANTINO
BE 0688.972.885
Sint-Gillis (bij-Brussel)
ATLANTICO
BE 0472.894.992
Sint-Gillis (bij-Brussel)
AYASEV
BE 0539.727.596
Sint-Gillis (bij-Brussel)
BARVIS
BE 0547.703.570
Sint-Gillis (bij-Brussel)
BELGO-LATINO
BE 0508.893.276
Sint-Gillis (bij-Brussel)
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,002 companies in sector 56301 we hold annual accounts for 4,896. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0845069344
Also
9925:BE0845069344
Registered
02-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.