ADIFI
ActiveSummary
The computed 12-month bankruptcy probability of ADIFI is 1.7% (moderate). The 2025 annual accounts show negative equity (€-44k) and a net result of €-28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-3
Solvency11▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.09 in 2024; short-term debt: 111.2% and cash: 0.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-14.5%
Return on assets
-9.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-44k
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 08-05-2026, 84 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
84 d early
2024
22 d early
2023
36 d early
2022
25 d early
2021
17 d early
2020
46 d early
2019
26 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-44k▼ 171%
2024 · €-16k
2018: €19k
2019: €24k▲ +27.0% vs 2018
2020: €26k▲ +9.4% vs 2019
2021: €29k▲ +12.3% vs 2020
2022: €37k▲ +26.7% vs 2021highest in 8 years
2023: €10k▼ -72.4% vs 2022
2024: €-16k▼ -259% vs 2023
2025: €-44k▼ -171% vs 2024lowest in 8 years
2018 → 2025
Total assets
€302k▼ 6.9%
2024 · €325k
2018: €389khighest in 8 years
2019: €376k▼ -3.4% vs 2018
2020: €364k▼ -3.0% vs 2019
2021: €344k▼ -5.6% vs 2020
2022: €336k▼ -2.4% vs 2021
2023: €323k▼ -3.9% vs 2022
2024: €325k▲ +0.6% vs 2023
2025: €302k▼ -6.9% vs 2024lowest in 8 years
2018 → 2025
Net result
€-28k▼ 5.0%
2024 · €-26k
2018: €5k
2019: €5k▼ -7.5% vs 2018
2020: €2k▼ -55.6% vs 2019
2021: €3k▲ +43.1% vs 2020
2022: €8k▲ +143% vs 2021highest in 8 years
2023: €-27k▼ -444% vs 2022
2024: €-26k▲ +1.2% vs 2023
2025: €-28k▼ -5.0% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-333k▼ 93.7%
2024 · €-172k
2018: €-83khighest in 8 years
2019: €-89k▼ -7.0% vs 2018
2020: €-94k▼ -5.0% vs 2019
2021: €-103k▼ -10.4% vs 2020
2022: €-105k▼ -1.5% vs 2021
2023: €-139k▼ -32.6% vs 2022
2024: €-172k▼ -23.9% vs 2023
2025: €-333k▼ -93.7% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€29k-€37k▲ 26.7%€10k▼ 72.4%€-16k€-44k▼ 171%
2021: €29k
2022: €37k▲ +26.7% vs 2021highest in 5 years
2023: €10k▼ -72.4% vs 2022
2024: €-16k▼ -259% vs 2023
2025: €-44k▼ -171% vs 2024lowest in 5 years
Operating result€12k-€18k▲ 56.2%€-12k€-6k▲ 46.7%€-11k▼ 75.5%
2021: €12k
2022: €18k▲ +56.2% vs 2021highest in 5 years
2023: €-12k▼ -165% vs 2022lowest in 5 years
2024: €-6k▲ +46.7% vs 2023
2025: €-11k▼ -75.5% vs 2024
Net result€3k-€8k▲ 143%€-27k€-26k▲ 1.2%€-28k▼ 5.0%
2021: €3k
2022: €8k▲ +143% vs 2021highest in 5 years
2023: €-27k▼ -444% vs 2022
2024: €-26k▲ +1.2% vs 2023
2025: €-28k▼ -5.0% vs 2024lowest in 5 years
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 stays negative: a loss of €11k in 2025 against €6k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €302k
Fixed assets
€299k ▼ 3.0%
Current assets
€3k ▼ 83.2%
Key figures and ratios
EBITDA
€-2k▼
2024 · €3k
Cash flow
€-18k▼
2024 · €-17k
Solvency
-14.5%▼
2024 · -5.0%
Current ratio
0.01▼
2024 · 0.09
Debt to equity
-7.91▲
2024 · -21.11
ROA
-9.1%▼
2024 · -8.1%
Interest coverage
-0.12▼
2024 · 0.14
Debt
€346k▲
2024 · €341k
Debt ≤ 1 year
€336k▲
2024 · €188k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€325k€302k▼
Fixed assets21/28€309k€299k▼
Tangible fixed assets22/27€309k€299k▼
Other tangible fixed assets26€309k€299k▼
Current assets29/58€16k€3k▼
Amounts receivable within one year40/41€7k-
Trade receivables40€7k-
Cash at bank and in hand54/58€3k€3k▼
Deferred charges and accrued income490/1€6k-
Equity and liabilities
Total equity and liabilities10/49€325k€302k▼
Equity10/15€-16k€-44k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-35k€-62k▼
Amounts payable17/49€341k€346k▲
Amounts payable after more than one year17€145k-
Financial debts170/4€145k-
Amounts payable within one year42/48€188k€336k▲
Current portion of amounts payable after more than one year42€18k€145k▲
Trade debts44€255€557▲
Suppliers440/4€255€557▲
Taxes, remuneration and social security45€540€540=
Taxes450/3€540€540=
Other amounts payable47/48€169k€190k▲
Accrued charges and deferred income492/3€8k€10k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Other operating charges640/8€1k€2k▲
Gross operating margin9900€4k€-369▼
Operating profit (loss)9901€-6k€-11k▼
Financial charges65/66B€20k€17k▼
Recurring financial charges65€20k€17k▼
Profit (loss) for the period before taxes9903€-26k€-28k▼
Profit (loss) for the period9904€-26k€-28k▼
Profit (loss) for the period to be appropriated9905€-26k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-62k▼
Profit (loss) brought forward from the previous period14P€-8k€-35k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €9k | €9k | €9k | = |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €2k | ▲ 11.0% |
| Gross operating margin9900 | €22k | €29k | €-1k | €4k | €-369 | ▼ 109% |
| Operating profit (loss)9901 | €12k | €18k | €-12k | €-6k | €-11k | ▼ 75.5% |
| Financial charges65/66B | €7k | €8k | €15k | €20k | €17k | ▼ 17.2% |
| Recurring financial charges65 | €7k | €8k | €15k | €20k | €17k | ▼ 17.2% |
| Profit (loss) for the period before taxes9903 | €4k | €11k | €-27k | €-26k | €-28k | ▼ 5.0% |
| Income taxes67/77 | €1k | €3k | €-68 | - | - | - |
| Profit (loss) for the period9904 | €3k | €8k | €-27k | €-26k | €-28k | ▼ 5.0% |
| Profit (loss) for the period to be appropriated9905 | €3k | €8k | €-27k | €-26k | €-28k | ▼ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €344k | €336k | €323k | €325k | €302k | ▼ 6.9% |
| Fixed assets21/28 | €336k | €327k | €318k | €309k | €299k | ▼ 3.0% |
| Tangible fixed assets22/27 | €336k | €327k | €318k | €309k | €299k | ▼ 3.0% |
| Other tangible fixed assets26 | €336k | €327k | €318k | €309k | €299k | ▼ 3.0% |
| Current assets29/58 | €8k | €9k | €5k | €16k | €3k | ▼ 83.2% |
| Amounts receivable within one year40/41 | - | - | - | €7k | - | - |
| Trade receivables40 | - | - | - | €7k | - | - |
| Cash at bank and in hand54/58 | €8k | €9k | €5k | €3k | €3k | ▼ 22.0% |
| Deferred charges and accrued income490/1 | - | - | - | €6k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €344k | €336k | €323k | €325k | €302k | ▼ 6.9% |
| Equity10/15 | €29k | €37k | €10k | €-16k | €-44k | ▼ 171% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €10k | €18k | €-8k | €-35k | €-62k | ▼ 79.4% |
| Amounts payable17/49 | €315k | €299k | €313k | €341k | €346k | ▲ 1.5% |
| Amounts payable after more than one year17 | €200k | €182k | €163k | €145k | - | - |
| Financial debts170/4 | €200k | €182k | €163k | €145k | - | - |
| Amounts payable within one year42/48 | €111k | €114k | €144k | €188k | €336k | ▲ 78.5% |
| Current portion of amounts payable after more than one year42 | €18k | €18k | €18k | €18k | €145k | ▲ 687% |
| Trade debts44 | €748 | €1k | €2k | €255 | €557 | ▲ 118% |
| Suppliers440/4 | €748 | €1k | €2k | €255 | €557 | ▲ 118% |
| Taxes, remuneration and social security45 | €2k | €4k | €3k | €540 | €540 | = |
| Taxes450/3 | €2k | €4k | €3k | €540 | €540 | = |
| Other amounts payable47/48 | €90k | €90k | €120k | €169k | €190k | ▲ 12.5% |
| Accrued charges and deferred income492/3 | €4k | €4k | €5k | €8k | €10k | ▲ 26.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €8k | €-27k | €-26k | €-28k | ▼ 5.0% |
| + Depreciation and write-downs630 | €9k | €9k | €9k | €9k | €9k | = |
| Operating cash flow (approximation) | €12k | €17k | €-18k | €-17k | €-18k | ▼ 7.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €906 | €-4k | €-2k | €-763 | ▲ 53.6% |
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
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €8k ▲143%
Operating result €18k, net result €8k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Westerlo · 1 establishment unit since 2016
Ground area
2.4 ha
Building footprint
1,680 m²
Volume, LiDAR
37,410 m³
Parcel 13028B0138/00V000, Flanders · tallest building 30.0 m, ±8 floors. Linked by address, not a title deed.
52
companies at this address
See who is registered here
1 establishment unit
ADIFI
since 20162.259.353.001
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13028B0138/00V000 | Flanders | 2.4 ha | 1 · 1,680 m² | 30.0 m · 8 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded06-09-2016
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.