ADILEM
ActiveSummary
ADILEM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€67,090) and a net result of €2,256. Equity is shrinking by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+82
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.14 in 2024; short-term debt: 409.2% and cash: 7.3% 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
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
-309.2%
Return on assets
10.4%
Age of the figures
12 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 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
23 d early
2023
40 d early
2022
31 d early
2021
2 d early
2020
15 d early
2019
35 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 24 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 7 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 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 trust this company with building work?Contractor check 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
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
Equity
-€67,090▲ 3.3%
2024 · -€69,346
Total assets
€21,700▼ 31.3%
2024 · €31,596
Net result
€2,256
2024 · -€12,628
Working capital
-€79,394▲ 8.2%
2024 · -€86,524
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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-€9,017▼ 4.9%-€7,887▲ 12.5%-€9,293▼ 17.8%-€12,752▼ 37.2%€2,509
Net result-€9,193below the sector's middle half▼ 4.9%-€8,080below the sector's middle half▲ 12.1%-€9,501below the sector's middle half▼ 17.6%-€12,628below the sector's middle half▼ 32.9%€2,256within the sector's middle half
Equity-€39,137below the sector's middle half▼ 30.7%-€47,217below the sector's middle half▼ 20.6%-€56,718below the sector's middle half▼ 20.1%-€69,346below the sector's middle half▼ 22.3%-€67,090below the sector's middle half▲ 3.3%
Total assets€44,292below the sector's middle half▼ 21.7%€39,570below the sector's middle half▼ 10.7%€40,619below the sector's middle half▲ 2.7%€31,596below the sector's middle half▼ 22.2%€21,700below the sector's middle half▼ 31.3%
Debt€83,429▼ 3.5%€86,787▲ 4.0%€97,337▲ 12.2%€100,942▲ 3.7%€88,790▼ 12.0%
Working capital-€62,485below the sector's middle half▼ 8.4%-€72,112below the sector's middle half▼ 15.4%-€79,130below the sector's middle half▼ 9.7%-€86,524below the sector's middle half▼ 9.3%-€79,394below the sector's middle half▲ 8.2%
Solvency-88.4%below the sector's middle half▼ 35.4pp-119.3%below the sector's middle half▼ 31.0pp-139.6%below the sector's middle half▼ 20.3pp-219.5%below the sector's middle half▼ 79.8pp-309.2%below the sector's middle half▼ 89.7pp
Current ratio0.25below the sector's middle half▼ 0.080.17below the sector's middle half▼ 0.080.19below the sector's middle half▲ 0.020.14below the sector's middle half▼ 0.040.11below the sector's middle half▼ 0.04
Return on assets (ROA)-20.8%below the sector's middle half▼ 5.3pp-20.4%below the sector's middle half▲ 0.3pp-23.4%below the sector's middle half▼ 3.0pp-40.0%below the sector's middle half▼ 16.6pp10.4%within the sector's middle half▲ 50.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 returns to profit in 2025: €2,509 after a loss of €12,752 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21,700
Fixed assets
€12,304 ▼ 28.4%
Current assets
€9,396 ▼ 34.8%
Key figures and ratios
EBITDA
€9,028▲
2024 · -€6,348
Cash flow
€8,775▲
2024 · -€6,224
Quick ratio
0.06▼
2024 · 0.08
Debt to equity
-1.32▲
2024 · -1.46
Interest coverage
128.97▲
2024 · -92.00
Debt ≤ 1 year
€88,790▼
2024 · €100,942
Income taxes
€189▲
2024 · €159
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 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
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,795 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,333 | €4,700 | €6,283 | €6,404 | €6,519 | ▲ 1.8% |
| Other operating charges640/8 | €603 | €373 | €875 | €1,363 | €1,371 | ▲ 0.6% |
| Non-recurring operating charges66A | €115 | - | - | - | - | - |
| Gross operating margin9900 | -€3,966 | -€2,813 | -€2,135 | -€4,985 | €10,399 | ▲ 309% |
| Operating profit (loss)9901 | -€9,017 | -€7,887 | -€9,293 | -€12,752 | €2,509 | ▲ 120% |
| Financial income75/76B | €2 | €3 | - | €352 | €6 | ▼ 98.3% |
| Recurring financial income75 | €2 | €3 | - | €352 | €6 | ▼ 98.3% |
| Financial charges65/66B | €32 | €48 | €47 | €69 | €70 | ▲ 1.4% |
| Recurring financial charges65 | €32 | €48 | €47 | €69 | €70 | ▲ 1.4% |
| Profit (loss) for the period before taxes9903 | -€9,047 | -€7,931 | -€9,340 | -€12,469 | €2,445 | ▲ 120% |
| Income taxes67/77 | €146 | €149 | €161 | €159 | €189 | ▲ 18.9% |
| Profit (loss) for the period9904 | -€9,193 | -€8,080 | -€9,501 | -€12,628 | €2,256 | ▲ 118% |
| Profit (loss) for the period to be appropriated9905 | -€9,193 | -€8,080 | -€9,501 | -€12,628 | €2,256 | ▲ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,292 | €39,570 | €40,619 | €31,596 | €21,700 | ▼ 31.3% |
| Fixed assets21/28 | €23,349 | €24,895 | €22,412 | €17,178 | €12,304 | ▼ 28.4% |
| Tangible fixed assets22/27 | €23,349 | €24,895 | €22,412 | €17,178 | €12,304 | ▼ 28.4% |
| Plant, machinery and equipment23 | - | €5,420 | €7,476 | €6,782 | €6,286 | ▼ 7.3% |
| Furniture and vehicles24 | €23,349 | €19,475 | €14,936 | €10,396 | €6,018 | ▼ 42.1% |
| Current assets29/58 | €20,943 | €14,675 | €18,207 | €14,418 | €9,396 | ▼ 34.8% |
| Stocks and contracts in progress3 | €14,976 | €10,875 | €12,000 | €6,000 | €4,000 | ▼ 33.3% |
| Stocks30/36 | €14,976 | €10,875 | €12,000 | €6,000 | €4,000 | ▼ 33.3% |
| Amounts receivable within one year40/41 | €1,401 | €2,781 | €3,383 | €4,105 | €1,881 | ▼ 54.2% |
| Trade receivables40 | €634 | €1,450 | €1,150 | €3,138 | €651 | ▼ 79.3% |
| Other amounts receivable41 | €767 | €1,331 | €2,233 | €967 | €1,230 | ▲ 27.2% |
| Cash at bank and in hand54/58 | €3,577 | €435 | €2,105 | €3,710 | €1,581 | ▼ 57.4% |
| Deferred charges and accrued income490/1 | €989 | €584 | €719 | €603 | €1,934 | ▲ 221% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,292 | €39,570 | €40,619 | €31,596 | €21,700 | ▼ 31.3% |
| Equity10/15 | -€39,137 | -€47,217 | -€56,718 | -€69,346 | -€67,090 | ▲ 3.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€57,737 | -€65,817 | -€75,318 | -€87,946 | -€85,690 | ▲ 2.6% |
| Amounts payable17/49 | €83,429 | €86,787 | €97,337 | €100,942 | €88,790 | ▼ 12.0% |
| Amounts payable within one year42/48 | €83,429 | €86,787 | €97,337 | €100,942 | €88,790 | ▼ 12.0% |
| Trade debts44 | €695 | €2,148 | €1,165 | €1,376 | €2,181 | ▲ 58.5% |
| Suppliers440/4 | €695 | €2,148 | €1,165 | €1,376 | €2,181 | ▲ 58.5% |
| Advances received on contracts in progress46 | €169 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €146 | €149 | €477 | €807 | €463 | ▼ 42.6% |
| Taxes450/3 | €146 | €149 | €477 | €807 | €463 | ▼ 42.6% |
| Other amounts payable47/48 | €82,419 | €84,490 | €95,695 | €98,759 | €86,146 | ▼ 12.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,193 | -€8,080 | -€9,501 | -€12,628 | €2,256 | ▲ 118% |
| + Depreciation and write-downs630 | €4,333 | €4,700 | €6,283 | €6,404 | €6,519 | ▲ 1.8% |
| Operating cash flow (approximation) | -€4,861 | -€3,380 | -€3,218 | -€6,224 | €8,775 | ▲ 241% |
| Investment in fixed assets (approximation) | - | -€6,247 | -€3,800 | -€1,170 | -€1,645 | ▼ 40.6% |
| Change in cash | - | -€3,142 | €1,670 | €1,605 | -€2,129 | ▼ 233% |
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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €2,256
Net result €2,256 after 7 loss-making years.
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet -€13,234
Net result drops to -€13,234, the lowest in the series; recovery starts the following year.
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Brecht · 1 establishment unit since 2006
Ground area
3,082 m²
Building footprint
224 m²
Volume, LiDAR
1,074 m³
Parcel 11043C0170/00F000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADILEM
since 20062.155.240.327
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043C0170/00F000 | Flanders | 3,082 m² | 1 · 224 m² | 8.6 m · 2 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.
Similar companies · same sector and region
ANTHONISSEN JORNE
BE 0691.630.091
Brecht
CHAP-YT
BE 0835.274.027
Brecht
GKL ALGEMENE WERKEN
BE 0698.648.042
Brecht
Joosen Robin
BE 0810.448.361
Brecht
4Best
BE 0701.985.931
Beerse
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 1,366 companies in sector 43110 we hold annual accounts for 635. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-07-2006
Fiscal year end30-09
Activities, NACEBEL 2025
43110Demolition
43120Site preparation
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0882307545
Also
9925:BE0882307545
Registered
28-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.