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ADIM

Active
Public limited companyfounded 198244 yrs activeDeken Camerlyncklaan(Kor) 25, 8500 Kortrijk, BelgiumKBO/BCE: BE 0422.822.406
Summary

ADIM has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €262,174 and a net result of €17,593. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 53% of 2309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability55▲+37
Solvency70▲+3
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 2.69 in 2024; short-term debt: 40% and cash: 0.3% of total assets), but 55.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 44 years 0 50 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
44.8%
Return on assets
3%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
14 d late
2024
6 d early
2023
2 d early
2022
4 d early
2021
23 d late
2020
30 d late
2019
22 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 5 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 30 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 11 June 1982, ADIM was incorporated.1 Of the 2 current board members, Adins Benedict has served longest, since 2026.2 Total assets went from EUR 266,226 in 2018 to EUR 584,718 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 10-09-2026
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€262,174▲ 7.2%
2024 · €244,581
Total assets
€584,718▼ 0.2%
2024 · €585,870
Net result
€17,593
2024 · -€2,909
Working capital
€328,658▼ 7.0%
2024 · €353,404
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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€4,117-€830€31,695-€3,645€17,063
Net result-€7,812below the sector's middle half▼ 10.7%-€3,808below the sector's middle half▲ 51.3%€29,996within the sector's middle half-€2,909below the sector's middle half€17,593within the sector's middle half
Equity€221,302above the sector's middle half▼ 3.4%€217,494above the sector's middle half▼ 1.7%€247,490above the sector's middle half▲ 13.8%€244,581above the sector's middle half▼ 1.2%€262,174within the sector's middle half▲ 7.2%
Total assets€542,663above the sector's middle half▲ 129%€539,364above the sector's middle half▼ 0.6%€567,613above the sector's middle half▲ 5.2%€585,870above the sector's middle half▲ 3.2%€584,718within the sector's middle half▼ 0.2%
Debt€321,361▲ 3,947%€321,870▲ 0.2%€320,123▼ 0.5%€341,289▲ 6.6%€322,544▼ 5.5%
Working capital€147,827above the sector's middle half▼ 22.6%€106,117above the sector's middle half▼ 28.2%€96,509above the sector's middle half▼ 9.1%€353,404above the sector's middle half▲ 266%€328,658above the sector's middle half▼ 7.0%
Solvency40.8%within the sector's middle half▼ 55.9pp40.3%within the sector's middle half▼ 0.5pp43.6%within the sector's middle half▲ 3.3pp41.7%within the sector's middle half▼ 1.9pp44.8%within the sector's middle half▲ 3.1pp
Current ratio3.37within the sector's middle half▼ 21.692.01within the sector's middle half▼ 1.351.66within the sector's middle half▼ 0.352.69within the sector's middle half▲ 1.022.41within the sector's middle half▼ 0.28
Return on assets (ROA)-1.4%below the sector's middle half▲ 1.5pp-0.7%below the sector's middle half▲ 0.7pp5.3%within the sector's middle half▲ 6.0pp-0.5%below the sector's middle half▼ 5.8pp3.0%within the sector's middle half▲ 3.5pp
above within below the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000€30,000Operating result 2021: €4,117€4,117Net result 2021: -€7,812-€7,812Operating result 2022: -€830-€830Net result 2022: -€3,808-€3,808Operating result 2023: €31,695€31,695Net result 2023: €29,996€29,996Operating result 2024: -€3,645-€3,645Net result 2024: -€2,909-€2,909Operating result 2025: €17,063€17,063Net result 2025: €17,593€17,59320212022202320242025-€10,000€0€10,000€20,000€30,000Operating result 2023: €31,695€31,700Net result 2023: €29,996€30,000Operating result 2024: -€3,645-€3,640Net result 2024: -€2,909-€2,910Operating result 2025: €17,063€17,100Net result 2025: €17,593€17,600202320242025
The operating result returns to profit in 2025: €17,063 after a loss of €3,645 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €584,718
Fixed assets €22,310 ▼ 4.2%
Current assets €562,407 =
Equity and liabilities €584,718
Equity €262,174 ▲ 7.2%
Debt €322,544 ▼ 5.5%
Debt's share of the balance-sheet total falls from 58.3% to 55.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€18,040▲
2024 · -€999
Cash flow
€18,569▲
2024 · -€263
Quick ratio
1.71▼
2024 · 1.91
Debt to equity
1.23▼
2024 · 1.40
ROE
6.7%▲
2024 · -1.2%
Interest coverage
3.95▲
2024 · -0.24
Debt ≤ 1 year
€233,749▲
2024 · €209,179
Debt > 1 year
€88,676▼
2024 · €132,110
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 14,733 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€585,870€584,718▼
Fixed assets21/28€23,287€22,310▼
Tangible fixed assets22/27€19,395€18,419▼
Land and buildings22€19,224€18,419▼
Furniture and vehicles24€171€0▼
Financial fixed assets28€3,892€3,892=
Current assets29/58€562,583€562,407=
Stocks and contracts in progress3€162,790€162,790=
Stocks30/36€162,790€162,790=
Amounts receivable within one year40/41€397,532€395,513▼
Trade receivables40€300,000€304,439▲
Other amounts receivable41€97,532€91,074▼
Cash at bank and in hand54/58€0€1,854▲
Deferred charges and accrued income490/1€2,261€2,250▼
Equity and liabilities
Total equity and liabilities10/49€585,870€584,718▼
Equity10/15€244,581€262,174▲
Contributions10/11€100,010€100,010=
Capital10€100,010€100,010=
Issued capital100€100,010€100,010=
Reserves13€129,376€129,376=
Non-distributable reserves130/1€10,001€10,001=
Legal reserve130€10,001€10,001=
Tax-exempt reserves132€2,975€2,975=
Distributable reserves133€116,400€116,400=
Profit (loss) carried forward14€15,195€32,788▲
Amounts payable17/49€341,289€322,544▼
Amounts payable after more than one year17€132,110€88,676▼
Financial debts170/4€132,110€88,676▼
Amounts payable within one year42/48€209,179€233,749▲
Current portion of amounts payable after more than one year42€42,842€43,434▲
Financial debts43€18,968€0▼
Credit institutions430/8€18,968€0▼
Trade debts44€2,750€503▼
Suppliers440/4€2,750€503▼
Advances received on contracts in progress46€142,422€187,397▲
Taxes, remuneration and social security45€2,197€2,415▲
Taxes450/3€2,197€2,415▲
Accrued charges and deferred income492/3-€119
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,646€977▼
Other operating charges640/8€2,094€2,954▲
Gross operating margin9900€1,095€20,993▲
Operating profit (loss)9901-€3,645€17,063▲
Financial income75/76B€4,926€5,098▲
Recurring financial income75€4,926€5,098▲
Financial charges65/66B€4,190€4,568▲
Recurring financial charges65€4,190€4,568▲
Profit (loss) for the period before taxes9903-€2,909€17,593▲
Profit (loss) for the period9904-€2,909€17,593▲
Profit (loss) for the period to be appropriated9905-€2,909€17,593▲
Appropriation of the result
Profit (loss) to be appropriated9906€15,195€32,788▲
Profit (loss) brought forward from the previous period14P€18,104€15,195▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,681€3,781€2,647€2,646€977▼ 63.1%
Other operating charges640/8€2,143€2,186€2,391€2,094€2,954▲ 41.0%
Gross operating margin9900€11,941€5,136€36,733€1,095€20,993▲ 1,817%
Operating profit (loss)9901€4,117-€830€31,695-€3,645€17,063▲ 568%
Financial income75/76B€2,139€2,700€2,920€4,926€5,098▲ 3.5%
Recurring financial income75€2,139€2,700€2,920€4,926€5,098▲ 3.5%
Financial charges65/66B€14,068€5,678€4,620€4,190€4,568▲ 9.0%
Recurring financial charges65€14,068€5,678€4,620€4,190€4,568▲ 9.0%
Profit (loss) for the period before taxes9903-€7,812-€3,808€29,996-€2,909€17,593▲ 705%
Profit (loss) for the period9904-€7,812-€3,808€29,996-€2,909€17,593▲ 705%
Profit (loss) for the period to be appropriated9905-€7,812-€3,808€29,996-€2,909€17,593▲ 705%
Line20212022202320242025Change
Assets
Total assets20/58€542,663€539,364€567,613€585,870€584,718▼ 0.2%
Fixed assets21/28€332,360€328,580€325,933€23,287€22,310▼ 4.2%
Tangible fixed assets22/27€28,468€24,688€22,041€19,395€18,419▼ 5.0%
Land and buildings22€27,244€24,058€21,641€19,224€18,419▼ 4.2%
Furniture and vehicles24€1,224€630€400€171€0▼ 100%
Financial fixed assets28€303,892€303,892€303,892€3,892€3,892=
Current assets29/58€210,303€210,785€241,680€562,583€562,407=
Stocks and contracts in progress3€162,790€162,790€162,790€162,790€162,790=
Stocks30/36€162,790€162,790€162,790€162,790€162,790=
Amounts receivable within one year40/41€47,377€46,877€75,739€397,532€395,513▼ 0.5%
Trade receivables40€12,050€3,352€8,289€300,000€304,439▲ 1.5%
Other amounts receivable41€35,327€43,526€67,450€97,532€91,074▼ 6.6%
Cash at bank and in hand54/58--€1,975€0€1,854-
Deferred charges and accrued income490/1€136€1,117€1,176€2,261€2,250▼ 0.5%
Equity and liabilities
Total equity and liabilities10/49€542,663€539,364€567,613€585,870€584,718▼ 0.2%
Equity10/15€221,302€217,494€247,490€244,581€262,174▲ 7.2%
Contributions10/11€100,010€100,010€100,010€100,010€100,010=
Capital10€100,010€100,010€100,010€100,010€100,010=
Issued capital100€100,010€100,010€100,010€100,010€100,010=
Reserves13€129,376€129,376€129,376€129,376€129,376=
Non-distributable reserves130/1€10,001€10,001€10,001€10,001€10,001=
Legal reserve130€10,001€10,001€10,001€10,001€10,001=
Tax-exempt reserves132€2,975€2,975€2,975€2,975€2,975=
Distributable reserves133€116,400€116,400€116,400€116,400€116,400=
Profit (loss) carried forward14-€8,084-€11,892€18,104€15,195€32,788▲ 116%
Amounts payable17/49€321,361€321,870€320,123€341,289€322,544▼ 5.5%
Amounts payable after more than one year17€258,886€217,203€174,953€132,110€88,676▼ 32.9%
Financial debts170/4€258,886€217,203€174,953€132,110€88,676▼ 32.9%
Amounts payable within one year42/48€62,476€104,667€145,170€209,179€233,749▲ 11.7%
Current portion of amounts payable after more than one year42€41,114€41,683€42,251€42,842€43,434▲ 1.4%
Financial debts43€19,129€11,800-€18,968€0▼ 100%
Credit institutions430/8€19,129€11,800-€18,968€0▼ 100%
Trade debts44€1,100€45,023€64,119€2,750€503▼ 81.7%
Suppliers440/4€1,100€45,023€64,119€2,750€503▼ 81.7%
Advances received on contracts in progress46--€33,731€142,422€187,397▲ 31.6%
Taxes, remuneration and social security45€1,132€6,162€5,070€2,197€2,415▲ 9.9%
Taxes450/3€1,132€6,162€5,070€2,197€2,415▲ 9.9%
Accrued charges and deferred income492/3----€119-
Line20212022202320242025Change
Profit (loss) for the period9904-€7,812-€3,808€29,996-€2,909€17,593▲ 705%
+ Depreciation and write-downs630€5,681€3,781€2,647€2,646€977▼ 63.1%
Operating cash flow (approximation)-€2,132-€27€32,642-€263€18,569▲ 7,162%
Investment in fixed assets (approximation)-€0€0€300,000€0▼ 100%
Change in cash----€1,975€1,854▲ 194%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-09
State Gazette act Reappointments: Benedict Adins (non-statutory director) and Tom Adins (non-statutory director)
Appointment: Benedict Adins (managing director)6 facts ▸
  • General meeting, 09-05-2026
  • Director reappointment, Benedict Adins (non-statutory director)
  • Director reappointment, Tom Adins (non-statutory director)
  • Board meeting, 09-05-2026
  • Director reappointment, Tom Adins (managing director)
  • Director appointment, Benedict Adins (managing director)
14-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
31-12
Financial Back to profitnet €17,593
Net result €17,593 after one loss-making year.
25-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €29,996
Net result €29,996 after 4 loss-making years.
27-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
09-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Weakest financial yearnet -€13,050
Net result drops to -€13,050, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity times 21current ratio 267.78
Current ratio from 12.81 to 267.78; short-term debt falls from €17,005 to €726.
Show earlier events
21-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts

Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 directors, 2 in day-to-day management, last change in 2026

Board 2

Adins Benedict
Non-statutory director · since 09-05-2026
Current
Tom Adins
Non-statutory director · since 09-05-2026
Current

Day-to-day management 2

Adins Benedict
Managing director · since 09-05-2026
Current
Tom Adins
Managing director · since 09-05-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1982
seat establishment The establishment unit on the map
Ground area
494 m²
Building footprint
157 m²
Volume, LiDAR
1,444 m³
Parcel 34354C0266/00D014, Flanders · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
NV ADIM
Deken Camerlyncklaan(Kor) 25, 8500 KortrijkWholesale trade
since 19822.020.748.144
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34354C0266/00D014 Flanders 494 m² 1 · 157 m² 13.4 m · 4 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.

Mandate history

2 people since 2026, 2 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Adins Benedict
  • Non-statutory director, already before 09-05-2026 to date
  • Managing director, from 09-05-2026 to date
Tom Adins
  • Non-statutory director, already before 09-05-2026 to date
  • Managing director, already before 09-05-2026 to date
See the board, name and seat on a given date →

Structure & network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Similar companies · same sector, comparable size

Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 6,679 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded11-06-1982
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0422822406
Registered 12-12-2025

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.

General meetings

1 convocation
Ordinary general meeting
on 13-05-2005 at 10u · at the registered office · published 28-04-2005
Agenda
Verslag raad van bestuur. Goedkeuring jaarrekening. Bestem- ming resultaat. Kwijting bestuurders. Allerlei. (13233) Intershipair, naamloze vennootschap Ondernemingsnummer 0404.547.210 De statutaire algemene vergadering wordt gehouden op 13 mei 2005, om 10 uur, op de zetel, Generaal Belliardstraat 21, te 2000 Antwerpen. — Agenda : Verslag raad van bestuur. Goedkeuring jaarrekening per 31 december 2004. Kwijting aan bestuurders. Aanwen- ding van resultaat. Gelieve men zich te schikken naar artikel 32 der statuten. (13234) Iscaver, naamloze vennootschap, Abdijbekestraat 51, 8200 Brugge Ondernemingsnummer 0422.000.379 Algemene vergadering op de zetel, op 14 mei 2005, te 11 uur. Agenda : Verslag ...