ADIMAR
ActiveSummary
The annual accounts of ADIMAR for fiscal year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €19k and a net result of €-31k. Equity is shrinking by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 18400 sector peers (fiscal year 2025). The company has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-24
Solvency35▼-13
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.08 against 1.36 in 2024; short-term debt: 10.4% and cash: 1.7% of total assets), and 89.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
10.4%
Return on assets
-16.7%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-31k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-11-2025, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
86 d early
2024
49 d early
2023
23 d early
2022
1 d early
2021
67 d early
2020
86 d early
2019
88 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▼ 61.8%
2024 · €51k
2019: €90khighest in 7 years
2020: €79k▼ -11.7% vs 2019
2021: €71k▼ -10.7% vs 2020
2022: €68k▼ -3.1% vs 2021
2023: €62k▼ -9.3% vs 2022
2024: €51k▼ -18.4% vs 2023
2025: €19k▼ -61.8% vs 2024lowest in 7 years
2019 → 2025
Total assets
€187k▼ 14.1%
2024 · €218k
2019: €232k
2020: €233k▲ +0.4% vs 2019
2021: €283k▲ +21.4% vs 2020highest in 7 years
2022: €265k▼ -6.3% vs 2021
2023: €263k▼ -0.7% vs 2022
2024: €218k▼ -17.3% vs 2023
2025: €187k▼ -14.1% vs 2024lowest in 7 years
2019 → 2025
Net result
€-31k▼ 173%
2024 · €-11k
2019: €-8k
2020: €-11k▼ -33.1% vs 2019
2021: €-8k▲ +19.5% vs 2020
2022: €-2k▲ +74.0% vs 2021highest in 7 years
2023: €-6k▼ -188% vs 2022
2024: €-11k▼ -80.0% vs 2023
2025: €-31k▼ -173% vs 2024lowest in 7 years
2019 → 2025
Working capital
€2k▼ 75.6%
2024 · €6k
2019: €-98klowest in 7 years
2020: €15k▲ +115% vs 2019highest in 7 years
2021: €9k▼ -40.6% vs 2020
2022: €12k▲ +38.1% vs 2021
2023: €6k▼ -52.2% vs 2022
2024: €6k▲ +8.7% vs 2023
2025: €2k▼ -75.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€68k▼ 3.1%€62k▼ 9.3%€51k▼ 18.4%€19k▼ 61.8%
2021: €71khighest in 5 years
2022: €68k▼ -3.1% vs 2021
2023: €62k▼ -9.3% vs 2022
2024: €51k▼ -18.4% vs 2023
2025: €19k▼ -61.8% vs 2024lowest in 5 years
Operating result€-8k-€378€-5k€-11k▼ 101%€-31k▼ 181%
2021: €-8k
2022: €378▲ +105% vs 2021highest in 5 years
2023: €-5k▼ -1533% vs 2022
2024: €-11k▼ -101% vs 2023
2025: €-31k▼ -181% vs 2024lowest in 5 years
Net result€-8k-€-2k▲ 74.0%€-6k▼ 188%€-11k▼ 80.0%€-31k▼ 173%
2021: €-8k
2022: €-2k▲ +74.0% vs 2021highest in 5 years
2023: €-6k▼ -188% vs 2022
2024: €-11k▼ -80.0% vs 2023
2025: €-31k▼ -173% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31k in 2025 against €11k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187k
Fixed assets
€166k ▼ 14.3%
Current assets
€21k ▼ 12.2%
Equity and liabilities €187k
Equity
€19k ▼ 61.8%
Debt
€168k ▲ 0.4%
Debt's share of the balance-sheet total rises from 76.7% to 89.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-51▼
2024 · €20k
Cash flow
€-685▼
2024 · €19k
Current ratio
1.08▼
2024 · 1.36
Debt to equity
8.66▲
2024 · 3.30
ROE
-161.4%▼
2024 · -22.6%
ROA
-16.7%▼
2024 · -5.3%
Interest coverage
-1702.00
Debt ≤ 1 year
€19k▲
2024 · €17k
Debt > 1 year
€145k=
2024 · €145k
Income taxes
€638▲
2024 · €597
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€218k€187k▼
Fixed assets21/28€194k€166k▼
Tangible fixed assets22/27€194k€166k▼
Land and buildings22€137k€129k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€42k€24k▼
Other tangible fixed assets26€10k€8k▼
Financial fixed assets28€121€121=
Current assets29/58€24k€21k▼
Amounts receivable within one year40/41€9k€12k▲
Trade receivables40€8k€12k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€11k€3k▼
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€218k€187k▼
Equity10/15€51k€19k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-18k€-49k▼
Amounts payable17/49€167k€168k▲
Amounts payable after more than one year17€145k€145k=
Financial debts170/4€145k€145k=
Amounts payable within one year42/48€17k€19k▲
Trade debts44€8k€1k▼
Suppliers440/4€8k€1k▼
Taxes, remuneration and social security45€8k€3k▼
Taxes450/3€8k€3k▼
Other amounts payable47/48€2k€15k▲
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€25k€5k▼
Operating profit (loss)9901€-11k€-31k▼
Financial income75/76B€38€4▼
Recurring financial income75€38€4▼
Financial charges65/66B-€0
Recurring financial charges65-€0
Profit (loss) for the period before taxes9903€-11k€-31k▼
Income taxes67/77€597€638▲
Profit (loss) for the period9904€-11k€-31k▼
Profit (loss) for the period to be appropriated9905€-11k€-31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-49k▼
Profit (loss) brought forward from the previous period14P€-6k€-18k▼
The notes to these accounts (8 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 | €35k | €38k | €31k | €31k | €31k | ▼ 1.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €-20k | - | - | - |
| Other operating charges640/8 | - | €5k | €5k | €5k | €5k | ▲ 11.3% |
| Gross operating margin9900 | €31k | €43k | €10k | €25k | €5k | ▼ 78.5% |
| Operating profit (loss)9901 | €-8k | €378 | €-5k | €-11k | €-31k | ▼ 181% |
| Financial income75/76B | - | - | €0 | €38 | €4 | ▼ 88.8% |
| Recurring financial income75 | €497 | - | €0 | €38 | €4 | ▼ 88.8% |
| Financial charges65/66B | - | €117 | €120 | - | €0 | - |
| Recurring financial charges65 | €183 | €117 | €120 | - | €0 | - |
| Profit (loss) for the period before taxes9903 | €-8k | €262 | €-6k | €-11k | €-31k | ▼ 182% |
| Transfer from deferred taxes780 | - | €86 | - | - | - | - |
| Income taxes67/77 | €497 | €3k | €818 | €597 | €638 | ▲ 6.9% |
| Profit (loss) for the period9904 | €-8k | €-2k | €-6k | €-11k | €-31k | ▼ 173% |
| Transfer from tax-exempt reserves789 | - | €1k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-8k | €-958 | €-6k | €-11k | €-31k | ▼ 173% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €283k | €265k | €263k | €218k | €187k | ▼ 14.1% |
| Fixed assets21/28 | €256k | €249k | €219k | €194k | €166k | ▼ 14.3% |
| Tangible fixed assets22/27 | €256k | €249k | €219k | €194k | €166k | ▼ 14.3% |
| Land and buildings22 | - | €151k | €144k | €137k | €129k | ▼ 5.2% |
| Plant, machinery and equipment23 | - | €7k | €6k | €6k | €4k | ▼ 23.7% |
| Furniture and vehicles24 | - | €78k | €58k | €42k | €24k | ▼ 42.6% |
| Other tangible fixed assets26 | - | €13k | €11k | €10k | €8k | ▼ 15.5% |
| Financial fixed assets28 | €121 | €121 | €121 | €121 | €121 | = |
| Current assets29/58 | €27k | €16k | €44k | €24k | €21k | ▼ 12.2% |
| Amounts receivable within one year40/41 | - | €2k | €2k | €9k | €12k | ▲ 30.6% |
| Trade receivables40 | - | - | - | €8k | €12k | ▲ 53.8% |
| Other amounts receivable41 | - | €2k | €2k | €1k | - | - |
| Cash at bank and in hand54/58 | €24k | €9k | €38k | €11k | €3k | ▼ 71.2% |
| Deferred charges and accrued income490/1 | - | €5k | €4k | €4k | €6k | ▲ 57.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €283k | €265k | €263k | €218k | €187k | ▼ 14.1% |
| Equity10/15 | €71k | €68k | €62k | €51k | €19k | ▼ 61.8% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €9k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €210 | - | - | - | - |
| Profit (loss) carried forward14 | - | - | €-6k | €-18k | €-49k | ▼ 178% |
| Provisions and deferred taxes16 | €20k | €20k | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €20k | - | - | - | - |
| Major repairs and maintenance162 | - | €20k | - | - | - | - |
| Amounts payable17/49 | €192k | €177k | €201k | €167k | €168k | ▲ 0.4% |
| Amounts payable after more than one year17 | €170k | €170k | €158k | €145k | €145k | = |
| Financial debts170/4 | - | €170k | €158k | €145k | €145k | = |
| Amounts payable within one year42/48 | €18k | €4k | €38k | €17k | €19k | ▲ 10.9% |
| Trade debts44 | €8k | €2k | €21k | €8k | €1k | ▼ 86.7% |
| Suppliers440/4 | - | €2k | €21k | €8k | €1k | ▼ 86.7% |
| Taxes, remuneration and social security45 | - | - | €7k | €8k | €3k | ▼ 63.7% |
| Taxes450/3 | - | - | €7k | €8k | €3k | ▼ 63.7% |
| Other amounts payable47/48 | - | €2k | €10k | €2k | €15k | ▲ 756% |
| Accrued charges and deferred income492/3 | - | €2k | €4k | €4k | €3k | ▼ 27.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €-2k | €-6k | €-11k | €-31k | ▼ 173% |
| + Depreciation and write-downs630 | €35k | €38k | €31k | €31k | €31k | ▼ 1.2% |
| Operating cash flow (approximation) | €27k | €36k | €25k | €19k | €-685 | ▼ 104% |
| Investment in fixed assets (approximation) | - | €-31k | €-941 | €-6k | €-3k | ▲ 51.8% |
| Change in cash | - | €-14k | €29k | €-27k | €-8k | ▲ 71.6% |
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
2025
06-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series.
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity triplescurrent ratio 4.00
Current ratio from 1.50 to 4.00; short-term debt falls from €18k to €4k.
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Liquidity times 17current ratio 1.77
Current ratio from 0.10 to 1.77; short-term debt falls from €109k to €19k.
2019
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
23-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-11
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 3 acts read
About the unread acts
We know of 3 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
3 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, Kortrijk · 1 establishment unit since 1991
Ground area
1,228 m²
Building footprint
255 m²
Volume, LiDAR
1,275 m³
Parcel 34033C0218/00Z000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Groene Dreef(Rol) 37, 8510 Kortrijk
since 19912.023.975.769
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34033C0218/00Z000 | Flanders | 1,228 m² | 1 · 255 m² | 8.7 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.
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Of 12,957 companies in sector 47120 we hold annual accounts for 2,190. 1,397 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
Founded26-01-1984
Fiscal year end30-06
Activities, NACEBEL 2025
47120Other non-specialised retail sale
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
3 convocationsOrdinary general meeting
Agenda
1. Jaarverslag. 2. Goedkeuring jaarrekening per 30/06/2011. 3. Bestem- ming resultaat. 4. Kwijting bestuurders. 5. Divers. Zich richten naar de statuten. (AOPC11103992/ 16.09) (34791) ALL SECURITY, naamloze vennootschap, Paalsteenstraat 4, bus 1, 3500 HASSELT Ondernemingsnummer 0466.719.458 Algemene vergadering ter zetel op 07/10/2011 om 16 u. Agenda : Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)Benoemingen. Divers. (AOPC-1-11-03624/ 16.09) (34792) CARBOGEST, société anonyme, rue de Trazegnies 250, 6031 MONCEAU-SUR-SAMBRE Numéro d’entreprise 0450.646.063 Assemblée ordinaire au siège social le 07/10/2011 à 10 h. Ordre du jour : Rapport du C.A. Appro ...
Extraordinary general meeting
Agenda
1. Jaarverslag. 2. Goedkeuring jaarrekening per 30/6/2009. 3. Bestem- ming resultaat. 4. Beraadslaging art. 96, 6°, W. Venn. 5. Beslissing art. 633 en 634 W. Venn. 6. Kwijting bestuurders. 7. (Her)Benoemingen. 8. Divers. Zich richten naar de statuten. (AOPC1906345/11.09) (33696) ALL SECURITY, naamloze vennootschap, Paalsteenstraat 4, bus 1, 3500 HASSELT Ondernemingsnummer 0466.719.458 Algemene vergadering ter zetel op 02/10/2009, om 16 uur. Agenda : Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)Benoemingen. Divers. (AOPC-1-9-06399/11.09) (33697) ARCOLLIMMO, société anonyme, rue du Château 3, 5640 SAINT-GERARD Numéro d’entreprise 0450.465.525 Assemblé ...
Extraordinary general meeting
Agenda
1. Jaarverslag. 2. Goedkeuring jaarrekening per 30/6/2008. 3. Bestemming resultaat. 4. Beraadslaging artikel 96, 6°, W. venn. 5. Beslissing artikel 633 W. venn. 6. Kwijting bestuurders. 7. Divers. Zich richten naar de statuten. (AOPC1808121/12.09) (34712) ANIMMO, naamloze vennootschap, Tabakvest 53, 2000 ANTWERPEN Ondernemingsnummer 0447.490.296 Algemene vergadering op de zetel, op 03/10/2008, om 15 uur. Agenda : Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-8-07187/12.09) (34713) ANTWERP STADION, naamloze vennootschap, De Burburestraat 6, 2000 ANTWERPEN Ondernemingsnummer 0404.682.713 — RPR Antwerpen Jaarvergadering op 02/10/2008, om 18 u ...