ADILUC
ActiveSummary
ADILUC has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €517,017 and a net result of €68,421. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 53% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-1
Solvency71▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.38 in 2024; short-term debt: 51.1% and cash: 35.6% of total assets), and 53.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.3%
Return on assets
6.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
56 d early
2023
64 d early
2022
68 d early
2021
34 d early
2020
35 d early
2019
28 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 48 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 5 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€517,017▲ 15.3%
2024 · €448,596
Total assets
€1.1m▲ 11.4%
2024 · €1.0m
Net result
€68,421▼ 2.1%
2024 · €69,876
Working capital
€239,157▲ 29.6%
2024 · €184,565
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€92,484▼ 9.9%€157,688▲ 70.5%€88,202▼ 44.1%€126,648▲ 43.6%€119,779▼ 5.4%
Net result€52,432within the sector's middle half▼ 8.5%€99,205within the sector's middle half▲ 89.2%€47,943within the sector's middle half▼ 51.7%€69,876within the sector's middle half▲ 45.7%€68,421within the sector's middle half▼ 2.1%
Equity€231,571within the sector's middle half▲ 29.3%€330,776within the sector's middle half▲ 42.8%€378,719within the sector's middle half▲ 14.5%€448,596within the sector's middle half▲ 18.5%€517,017within the sector's middle half▲ 15.3%
Total assets€923,635within the sector's middle half▲ 16.7%€1.2mwithin the sector's middle half▲ 28.6%€1.2mwithin the sector's middle half▼ 1.6%€1.0mwithin the sector's middle half▼ 14.2%€1.1mwithin the sector's middle half▲ 11.4%
Debt€692,063▲ 13.1%€857,026▲ 23.8%€789,701▼ 7.9%€553,420▼ 29.9%€599,242▲ 8.3%
Working capital€28,476below the sector's middle half€77,181within the sector's middle half▲ 171%€112,963within the sector's middle half▲ 46.4%€184,565within the sector's middle half▲ 63.4%€239,157within the sector's middle half▲ 29.6%
Solvency25.1%within the sector's middle half▲ 2.4pp27.8%within the sector's middle half▲ 2.8pp32.4%within the sector's middle half▲ 4.6pp44.8%within the sector's middle half▲ 12.4pp46.3%within the sector's middle half▲ 1.5pp
Current ratio1.04below the sector's middle half▲ 0.061.09below the sector's middle half▲ 0.051.16below the sector's middle half▲ 0.071.38within the sector's middle half▲ 0.221.42within the sector's middle half▲ 0.04
Return on assets (ROA)5.7%within the sector's middle half▼ 1.6pp8.4%within the sector's middle half▲ 2.7pp4.1%within the sector's middle half▼ 4.2pp7.0%within the sector's middle half▲ 2.9pp6.1%within the sector's middle half▼ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€306,793 ▼ 7.9%
Current assets
€809,466 ▲ 21.0%
Equity and liabilities €1.1m
Equity
€517,017 ▲ 15.3%
Debt
€599,242 ▲ 8.3%
Debt's share of the balance-sheet total falls from 55.2% to 53.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€160,362▼
2024 · €166,997
Cash flow
€109,004▼
2024 · €110,225
Debt to equity
1.16▼
2024 · 1.23
ROE
13.2%▼
2024 · 15.6%
Interest coverage
9.57▲
2024 · 7.53
Debt ≤ 1 year
€570,309▲
2024 · €484,411
Debt > 1 year
€28,934▼
2024 · €44,031
Income taxes
€34,603▲
2024 · €34,583
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 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 20,129 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 | - | - | €5,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,897 | €14,792 | €25,807 | €40,349 | €40,583 | ▲ 0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €750 | - | €801 | €1,666 | ▲ 108% |
| Other operating charges640/8 | €2,708 | €2,941 | €3,584 | €3,418 | €3,129 | ▼ 8.4% |
| Gross operating margin9900 | €117,089 | €176,171 | €117,594 | €171,216 | €165,157 | ▼ 3.5% |
| Operating profit (loss)9901 | €92,484 | €157,688 | €88,202 | €126,648 | €119,779 | ▼ 5.4% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €13,885 | €13,126 | €18,795 | €22,188 | €16,755 | ▼ 24.5% |
| Recurring financial charges65 | €13,885 | €13,126 | €18,795 | €22,188 | €16,755 | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | €78,599 | €144,562 | €69,407 | €104,460 | €103,025 | ▼ 1.4% |
| Income taxes67/77 | €26,166 | €45,357 | €21,464 | €34,583 | €34,603 | ▲ 0.1% |
| Profit (loss) for the period9904 | €52,432 | €99,205 | €47,943 | €69,876 | €68,421 | ▼ 2.1% |
| Profit (loss) for the period to be appropriated9905 | €52,432 | €99,205 | €47,943 | €69,876 | €68,421 | ▼ 2.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €923,635 | €1.2m | €1.2m | €1.0m | €1.1m | ▲ 11.4% |
| Fixed assets21/28 | €212,365 | €264,705 | €353,180 | €333,040 | €306,793 | ▼ 7.9% |
| Tangible fixed assets22/27 | €121,316 | €173,656 | €262,131 | €241,991 | €215,744 | ▼ 10.8% |
| Land and buildings22 | €115,617 | €130,414 | €145,460 | €151,425 | €144,403 | ▼ 4.6% |
| Plant, machinery and equipment23 | €5,699 | €22,166 | €70,228 | €55,159 | €38,607 | ▼ 30.0% |
| Furniture and vehicles24 | - | €21,077 | €46,442 | €35,407 | €32,735 | ▼ 7.5% |
| Financial fixed assets28 | €91,049 | €91,049 | €91,049 | €91,049 | €91,049 | = |
| Current assets29/58 | €711,269 | €923,097 | €815,241 | €668,975 | €809,466 | ▲ 21.0% |
| Stocks and contracts in progress3 | €57,260 | €30,242 | €43,672 | €25,793 | - | - |
| Stocks30/36 | €57,260 | €30,242 | €43,672 | €25,793 | - | - |
| Amounts receivable within one year40/41 | €600,883 | €780,298 | €583,487 | €426,551 | €406,187 | ▼ 4.8% |
| Trade receivables40 | €589,636 | €778,480 | €578,592 | €426,551 | €406,187 | ▼ 4.8% |
| Other amounts receivable41 | €11,247 | €1,817 | €4,895 | - | - | - |
| Cash at bank and in hand54/58 | €48,983 | €105,208 | €179,693 | €208,155 | €396,900 | ▲ 90.7% |
| Deferred charges and accrued income490/1 | €4,143 | €7,350 | €8,389 | €8,476 | €6,380 | ▼ 24.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €923,635 | €1.2m | €1.2m | €1.0m | €1.1m | ▲ 11.4% |
| Equity10/15 | €231,571 | €330,776 | €378,719 | €448,596 | €517,017 | ▲ 15.3% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €212,571 | €311,776 | €359,719 | €429,596 | €498,017 | ▲ 15.9% |
| Non-distributable reserves130/1 | €1,900 | €1,900 | - | - | - | - |
| Reserves not available under the articles1311 | €1,900 | €1,900 | - | - | - | - |
| Distributable reserves133 | €210,671 | €309,876 | €359,719 | €429,596 | €498,017 | ▲ 15.9% |
| Amounts payable17/49 | €692,063 | €857,026 | €789,701 | €553,420 | €599,242 | ▲ 8.3% |
| Amounts payable after more than one year17 | €8,680 | €10,765 | €62,523 | €44,031 | €28,934 | ▼ 34.3% |
| Financial debts170/4 | €8,680 | €10,765 | €62,523 | €44,031 | €28,934 | ▼ 34.3% |
| Amounts payable within one year42/48 | €682,794 | €845,916 | €702,278 | €484,411 | €570,309 | ▲ 17.7% |
| Current portion of amounts payable after more than one year42 | €12,730 | €27,238 | €20,613 | €25,159 | €21,764 | ▼ 13.5% |
| Financial debts43 | €125,000 | €125,000 | €125,000 | €80,000 | - | - |
| Credit institutions430/8 | €125,000 | €125,000 | €125,000 | €80,000 | - | - |
| Trade debts44 | €486,993 | €627,061 | €509,987 | €311,639 | €482,562 | ▲ 54.8% |
| Suppliers440/4 | €486,993 | €627,061 | €509,987 | €311,639 | €482,562 | ▲ 54.8% |
| Taxes, remuneration and social security45 | €19,615 | €24,613 | €4,969 | €19,643 | €14,294 | ▼ 27.2% |
| Taxes450/3 | €19,615 | €21,863 | €2,219 | €16,643 | €14,294 | ▼ 14.1% |
| Remuneration and social security454/9 | - | €2,750 | €2,750 | €3,000 | - | - |
| Other amounts payable47/48 | €38,456 | €42,004 | €41,709 | €47,970 | €51,690 | ▲ 7.8% |
| Accrued charges and deferred income492/3 | €589 | €345 | €24,900 | €24,978 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,432 | €99,205 | €47,943 | €69,876 | €68,421 | ▼ 2.1% |
| + Depreciation and write-downs630 | €21,897 | €14,792 | €25,807 | €40,349 | €40,583 | ▲ 0.6% |
| Operating cash flow (approximation) | €74,330 | €113,997 | €73,751 | €110,225 | €109,004 | ▼ 1.1% |
| Investment in fixed assets (approximation) | - | -€67,132 | -€114,282 | -€20,209 | -€14,336 | ▲ 29.1% |
| Change in cash | - | €56,224 | €74,485 | €28,462 | €188,745 | ▲ 563% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500,000Eq €517,017 ▲15.3%
7 profitable years in a row build equity to €517,017.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €99,205 ▲89.2%
Operating result €157,688, net result €99,205, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €231,571 ▲29.3%
3 profitable years in a row build equity to €231,571.
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150,000Eq €179,139 ▲47%
2 profitable years in a row build equity to €179,139.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €47,066
Net result €47,066 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €100,000Eq €121,852 ▲62.9%
Equity rises from €74,786 to €121,852.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tielt · 1 establishment unit since 1978
Ground area
1,386 m²
Building footprint
210 m²
Volume, LiDAR
1,075 m³
Parcel 37322C0668/00M000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Tieltstraat 196, 8760 Tielt
since 19782.014.277.353
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322C0668/00M000 | Flanders | 1,386 m² | 1 · 210 m² | 9.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 300 EUR awarded · 300 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 197 EUR | 197 EUR |
| 2024 | 1 | 53 EUR | 53 EUR |
| 2022 | 1 | 50 EUR | 50 EUR |
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Of 840 companies in sector 46810 we hold annual accounts for 475. 364 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
Founded13-12-1977
Fiscal year end31-12
Activities, NACEBEL 2025
46810Wholesale of solid, liquid and gaseous fuels and related products
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0417713573
Also
9925:BE0417713573
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.