ADILAN
InactiveADILAN was declared bankrupt on 13-02-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 09-04-2024, published in the Belgian State Gazette on 15-04-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 06-07-2022, 25 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
25 d early
2020
107 d late
2019
144 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 75 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Turnover
€167,513▼ 2.6%
2020 · €172,064
EBIT margin
31.1%▲ 31.3pp
2020 · -0.2%
Net result
€51,840▲ 198%
2020 · €17,421
Working capital
€57,970▲ 158%
2020 · €22,437
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Turnover€110,692-€172,064▲ 55.4%€167,513▼ 2.6%
Operating result€791--€274€52,139
Net result€516-€17,421▲ 3,277%€51,840▲ 198%
EBIT margin0.7%--0.2%▼ 0.9pp31.1%▲ 31.3pp
Equity€13,316-€34,307▲ 158%€88,377▲ 158%
Total assets€14,095-€60,215▲ 327%€98,816▲ 64.1%
Debt€779-€25,908▲ 3,227%€10,439▼ 59.7%
Working capital€7,716-€22,437▲ 191%€57,970▲ 158%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €52,139 after a loss of €274 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €98,816
Fixed assets
€30,407 ▲ 156%
Current assets
€68,409 ▲ 41.5%
Equity and liabilities €98,816
Equity
€88,377 ▲ 158%
Debt
€10,439 ▼ 59.7%
Debt's share of the balance-sheet total falls from 43.0% to 10.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,602▲
2020 · €756
Cash flow
€55,303▲
2020 · €18,451
Current ratio
6.55▲
2020 · 1.87
Debt to equity
0.12
ROE
58.7%▲
2020 · 50.8%
ROA
52.5%▲
2020 · 28.9%
Interest coverage
179.98
Debt ≤ 1 year
€10,439▼
2020 · €25,908
Staff costs
€21,220
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Turnover70 | €110,692 | €172,064 | €167,513 | ▼ 2.6% |
| Non-recurring operating income76A | - | - | €35,311 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €124,910 | - |
| Remuneration, social security and pensions62 | - | - | €21,220 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,030 | €3,463 | ▲ 236% |
| Other operating charges640/8 | - | - | €1,093 | - |
| Gross operating margin9900 | €2,344 | €10,373 | €77,915 | ▲ 651% |
| Operating profit (loss)9901 | €791 | -€274 | €52,139 | ▲ 19,115% |
| Financial income75/76B | - | - | €10 | - |
| Recurring financial income75 | - | - | €10 | - |
| Financial charges65/66B | - | - | €309 | - |
| Recurring financial charges65 | €275 | €252 | €309 | ▲ 22.8% |
| Profit (loss) for the period before taxes9903 | €516 | €17,421 | €51,840 | ▲ 198% |
| Profit (loss) for the period9904 | €516 | €17,421 | €51,840 | ▲ 198% |
| Profit (loss) for the period to be appropriated9905 | €516 | €17,421 | €51,840 | ▲ 198% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €14,095 | €60,215 | €98,816 | ▲ 64.1% |
| Fixed assets21/28 | €5,600 | €11,870 | €30,407 | ▲ 156% |
| Tangible fixed assets22/27 | - | €6,270 | €24,807 | ▲ 296% |
| Plant, machinery and equipment23 | - | - | €1,667 | - |
| Other tangible fixed assets26 | - | - | €23,140 | - |
| Financial fixed assets28 | €5,600 | €5,600 | €5,600 | = |
| Current assets29/58 | €8,495 | €48,345 | €68,409 | ▲ 41.5% |
| Stocks and contracts in progress3 | €3,500 | €6,850 | - | - |
| Amounts receivable within one year40/41 | €1,218 | €22,199 | €301 | ▼ 98.6% |
| Trade receivables40 | - | - | €301 | - |
| Cash at bank and in hand54/58 | €3,776 | €19,296 | €68,109 | ▲ 253% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €14,095 | €60,215 | €98,816 | ▲ 64.1% |
| Equity10/15 | €13,316 | €34,307 | €88,377 | ▲ 158% |
| Contributions10/11 | €12,800 | €16,370 | €18,600 | ▲ 13.6% |
| Capital10 | - | - | €18,600 | - |
| Issued capital100 | - | - | €18,600 | - |
| Reserves13 | - | €871 | €1,860 | ▲ 114% |
| Non-distributable reserves130/1 | - | - | €1,860 | - |
| Legal reserve130 | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €516 | €17,066 | €67,917 | ▲ 298% |
| Amounts payable17/49 | €779 | €25,908 | €10,439 | ▼ 59.7% |
| Amounts payable within one year42/48 | €779 | €25,908 | €10,439 | ▼ 59.7% |
| Trade debts44 | - | €20,309 | - | - |
| Taxes, remuneration and social security45 | - | - | €10,439 | - |
| Taxes450/3 | - | - | €6,681 | - |
| Remuneration and social security454/9 | - | - | €3,757 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €516 | €17,421 | €51,840 | ▲ 198% |
| + Depreciation and write-downs630 | - | €1,030 | €3,463 | ▲ 236% |
| Operating cash flow (approximation) | €516 | €18,451 | €55,303 | ▲ 200% |
| Investment in fixed assets (approximation) | - | -€7,300 | -€22,000 | ▼ 201% |
| Change in cash | - | €15,520 | €48,813 | ▲ 215% |
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
2024
15-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 09-04-2024
2023
21-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 13-02-2023
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €51,840 ▲198%
Operating result €52,139, net result €51,840, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 6.55
Current ratio from 1.87 to 6.55; short-term debt falls from €25,908 to €10,439.
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Lise HEILPORN CHAUSSEE DE LA HULPE 150,
1170 WATERMAEL-BOITSFORT |
13-02-2023 → 09-04-2024 |