Adinex
ActiveSummary
Adinex has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €750,110 and a net result of €164,713. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 84% of 742 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Engineering and related technical consultancy, excluding land surveyors
NACE 71121NACE 74203
1 site
How big
€956,673total assets 2025
- Staff
- 1 FTE
- Equity
- €750,110
- Profit
- €164,713
Net result -50%: other schema
Who decides
Accounts filed 4 d late0 of 8 deeds read
Why 88+ Lower-failure-rate sector+ Annual accounts: healthy financial profile+ Long track record+ Lower-risk legal formA punctual record breaksShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-10
Solvency100▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 4.19 against 3.07 in 2024; short-term debt: 21.6% and cash: 16.2% of total assets), and 21.6% of the assets are financed with debt.
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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
78.4%
Return on assets
17.2%
Age of the figures
9 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
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 04-08-2026, 4 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 filingsDeviation from the deadline
2025
4 d late
2024
2 d early
2023
15 d early
2022
34 d early
2021
10 d late
2020
11 d late
2019
7 d late
← 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 3 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% 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 29 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet €164,713 ▼50.5%
- Annual accounts filedfiscal year 2024 · abbreviated…
Financials
Fiscal year 2025Total assets €956,673Profit €164,713Solvency 78.4%Liquidity 4.19
Total assets
€956,673▼ 13.2%
2018 - 2025
Net result
€164,713▼ 50.5%
2018 - 2025
Equity
€750,110▼ 4.0%
2018 - 2025
Staff (FTE)
1=
2018 - 2025
Financials · fiscal year 2025, full schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.4m▼ 5.5%€0.5m▲ 12.6%€0.6m▲ 17.4%€0.4m▼ 28.1%€0.2m▼ 54.4%
Net result€0.4mabove the sector's middle half▼ 3.9%€0.4mabove the sector's middle half▲ 13.5%€0.5mabove the sector's middle half▲ 21.2%€0.3mabove the sector's middle half▼ 32.2%€0.2mwithin the sector's middle half▼ 50.5%
Equity€0.7mabove the sector's middle half▲ 18.2%€0.8mabove the sector's middle half▲ 4.4%€0.8mwithin the sector's middle half▼ 2.2%€0.8mwithin the sector's middle half▲ 2.9%€0.8mwithin the sector's middle half▼ 4.0%
Total assets€1.0mwithin the sector's middle half▲ 5.3%€1.2mwithin the sector's middle half▲ 12.0%€1.3mwithin the sector's middle half▲ 9.4%€1.1mwithin the sector's middle half▼ 14.0%€1.0mwithin the sector's middle half▼ 13.2%
Debt€0.3m▼ 16.9%€0.4m▲ 30.5%€0.5m▲ 32.0%€0.3m▼ 38.6%€0.2m▼ 35.6%
Working capital€0.7mabove the sector's middle half▲ 23.1%€0.8mabove the sector's middle half▲ 8.2%€0.6mabove the sector's middle half▼ 20.2%€0.7mabove the sector's middle half▲ 9.2%€0.7mwithin the sector's middle half▼ 0.5%
Solvency71.0%above the sector's middle half▲ 7.8pp66.2%within the sector's middle half▼ 4.8pp59.3%within the sector's middle half▼ 7.0pp70.9%above the sector's middle half▲ 11.6pp78.4%above the sector's middle half▲ 7.5pp
Current ratio3.31within the sector's middle half▲ 0.752.92within the sector's middle half▼ 0.392.16within the sector's middle half▼ 0.763.07within the sector's middle half▲ 0.914.19above the sector's middle half▲ 1.11
Return on assets (ROA)34.1%above the sector's middle half▼ 3.3pp34.6%above the sector's middle half▲ 0.5pp38.3%above the sector's middle half▲ 3.8pp30.2%above the sector's middle half▼ 8.1pp17.2%above the sector's middle half▼ 13.0pp
Staff (FTE)1below the sector's middle half▼ 52.4%1within the sector's middle half1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -50% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €956,673
Fixed assets
€92,142 ▼ 24.6%
Current assets
€864,531 ▼ 11.8%
Equity and liabilities €956,673
Equity
€750,110 ▼ 4.0%
Debt
€206,563 ▼ 35.6%
Debt's share of the balance-sheet total falls from 29.1% to 21.6%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
€218,259▼
2024 · €435,297
Cash flow
€200,415▼
2024 · €367,969
Debt to equity
0.28▼
2024 · 0.41
ROE
22.0%▼
2024 · 42.6%
Interest coverage
122.66▼
2024 · 435.08
Debt ≤ 1 year
€206,563▼
2024 · €318,953
Income taxes
€16,073▼
2024 · €66,328
Staff costs
€90,468▲
2024 · €84,994
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% 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 497,341 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% | 1.8% |
| 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 31,371 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €19,576 | - | - | - |
| Remuneration, social security and pensions62 | €60,631 | €73,751 | €81,098 | €84,994 | €90,468 | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,944 | €24,670 | €30,671 | €35,229 | €35,701 | ▲ 1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,000 | - | - |
| Other operating charges640/8 | €1,696 | €1,092 | €3,699 | €2,722 | €2,722 | = |
| Gross operating margin9900 | €514,156 | €573,503 | €671,906 | €524,013 | €311,448 | ▼ 40.6% |
| Operating profit (loss)9901 | €420,885 | €473,991 | €556,439 | €400,068 | €182,557 | ▼ 54.4% |
| Financial income75/76B | €87 | - | €8,282 | €0 | €8 | ▲ 41,950% |
| Recurring financial income75 | €87 | - | €8,282 | €0 | €8 | ▲ 41,950% |
| Financial charges65/66B | €286 | €524 | €970 | €1,001 | €1,779 | ▲ 77.8% |
| Recurring financial charges65 | €286 | €524 | €970 | €1,001 | €1,779 | ▲ 77.8% |
| Profit (loss) for the period before taxes9903 | €420,685 | €473,466 | €563,751 | €399,068 | €180,786 | ▼ 54.7% |
| Income taxes67/77 | €63,872 | €68,437 | €72,693 | €66,328 | €16,073 | ▼ 75.8% |
| Profit (loss) for the period9904 | €356,813 | €405,030 | €491,058 | €332,740 | €164,713 | ▼ 50.5% |
| Profit (loss) for the period to be appropriated9905 | €356,813 | €405,030 | €491,058 | €332,740 | €164,713 | ▼ 50.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.2m | €1.3m | €1.1m | €1.0m | ▼ 13.2% |
| Fixed assets21/28 | €0.04m | €0.02m | €0.2m | €0.1m | €0.09m | ▼ 24.6% |
| Tangible fixed assets22/27 | €0.04m | €0.02m | €0.2m | €0.1m | €0.09m | ▼ 24.6% |
| Land and buildings22 | €0.01m | €0.01m | €0.04m | €0.03m | €0.03m | ▼ 14.8% |
| Plant, machinery and equipment23 | €0.004m | €0.002m | €0.008m | €0.007m | €0.005m | ▼ 29.9% |
| Furniture and vehicles24 | €0.03m | €0.006m | €0.1m | €0.08m | €0.06m | ▼ 28.3% |
| Current assets29/58 | €1.0m | €1.2m | €1.1m | €1.0m | €0.9m | ▼ 11.8% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 3.1% |
| Trade receivables40 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 8.1% |
| Other amounts receivable41 | €0.001m | €0.04m | €0.01m | €0.001m | €0.01m | ▲ 1,016% |
| Current investments50/53 | €0.2m | €0.6m | €0.5m | €0.5m | €0.5m | ▲ 11.1% |
| Cash at bank and in hand54/58 | €0.6m | €0.3m | €0.5m | €0.3m | €0.2m | ▼ 51.1% |
| Deferred charges and accrued income490/1 | €0.003m | - | €0.01m | €0.007m | €0.009m | ▲ 41.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.2m | €1.3m | €1.1m | €1.0m | ▼ 13.2% |
| Equity10/15 | €0.7m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 4.0% |
| Contributions10/11 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Outside capital11 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Share premium1100/10 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | ▼ 4.5% |
| Non-distributable reserves130/1 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | €0.01m | €0.01m | €0.01m | €0.01m | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €0.01m | - |
| Tax-exempt reserves132 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | €0.6m | €0.7m | €0.7m | €0.7m | €0.6m | ▼ 4.6% |
| Amounts payable17/49 | €0.3m | €0.4m | €0.5m | €0.3m | €0.2m | ▼ 35.6% |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.5m | €0.3m | €0.2m | ▼ 35.2% |
| Trade debts44 | €0.05m | €0.08m | €0.06m | €0.05m | €0.07m | ▲ 42.2% |
| Suppliers440/4 | €0.05m | €0.08m | €0.06m | €0.05m | €0.07m | ▲ 42.2% |
| Taxes, remuneration and social security45 | €0.03m | €0.009m | €0.009m | €0.02m | €0.01m | ▼ 52.0% |
| Taxes450/3 | €0.02m | - | - | €0.01m | - | - |
| Remuneration and social security454/9 | €0.009m | €0.009m | €0.009m | €0.01m | €0.01m | ▲ 5.8% |
| Other amounts payable47/48 | €0.2m | €0.3m | €0.5m | €0.2m | €0.1m | ▼ 49.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €356,813 | €405,030 | €491,058 | €332,740 | €164,713 | ▼ 50.5% |
| + Depreciation and write-downs630 | €30,944 | €24,670 | €30,671 | €35,229 | €35,701 | ▲ 1.3% |
| Operating cash flow (approximation) | €387,757 | €429,700 | €521,729 | €367,969 | €200,415 | ▼ 45.5% |
| Investment in fixed assets (approximation) | - | €0 | -€166,784 | -€3,194 | -€5,587 | ▼ 74.9% |
| Change in cash | - | -€323,775 | €185,420 | -€150,441 | -€161,970 | ▼ 7.7% |
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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club4T2
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VAN LOOY GROUP
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Of 11,567 companies in this sector we hold annual accounts for 6,567. 3,885 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 04-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 4 days late
2025
31-12
Financial
Weakest financial yearnet €164,713 ▼50.5%
Net result drops to €164,713, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €491,058 ▲21.2%
Operating result €556,439, net result €491,058, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Equity above €500,000Eq €520,268 ▲15.4%
2 profitable years in a row build equity to €520,268.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
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 8 acts read
About the unread acts
We know of 8 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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Company details
Public limited company · founded 10-02-2006Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPublic limited company
Founded10-02-2006
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879276393
Registered
26-07-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Herentals · 1 establishment unit since 2006
Ground area
1,364 m²
Building footprint
486 m²
Volume, LiDAR
2,703 m³
Parcel 13027B0162/00K002, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADINEX
since 2006unit no. 2.151.930.053
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13027B0162/00K002 | Flanders | 1,364 m² | 1 · 486 m² | 10.3 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.
Go further with this company
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