ADJECTIF
ActiveSummary
The computed 12-month bankruptcy probability of ADJECTIF is 1.7% (moderate). For ADJECTIF, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €48,304 and a net result of -€255. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 14641 sector peers (fiscal year 2022). The company has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability37▼-19
Solvency54=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2022Solvency, return and age of the figures
Solvency
28.9%
Return on assets
-0.2%
Age of the figures
45 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 · 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 →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-08-2023, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
30 d late
2021
30 d late
2020
103 d late
2019
222 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 96 days after 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 (1)
History
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Financials · fiscal year 2022, micro schema
Equity
€48,304▼ 0.5%
2021 · €48,559
Total assets
€167,238▼ 1.6%
2021 · €169,874
Net result
-€255
2021 · €12,467
Working capital
€45,868▼ 0.6%
2021 · €46,123
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€9,627-€12,453▲ 29.4%€907▼ 92.7%€17,216▲ 1,798%€136▼ 99.2%
Net result€6,300-€7,906▲ 25.5%-€1,944€12,467-€255
Equity€30,130-€38,036▲ 26.2%€36,092▼ 5.1%€48,559▲ 34.5%€48,304▼ 0.5%
Total assets€146,624-€156,990▲ 7.1%€153,189▼ 2.4%€169,874▲ 10.9%€167,238▼ 1.6%
Debt€116,494-€118,954▲ 2.1%€117,097▼ 1.6%€121,315▲ 3.6%€118,934▼ 2.0%
Working capital€27,694-€35,600▲ 28.5%€33,656▼ 5.5%€46,123▲ 37.0%€45,868▼ 0.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 99% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €167,238
Fixed assets
€2,436 =
Current assets
€164,802 ▼ 1.6%
Equity and liabilities €167,238
Equity
€48,304 ▼ 0.5%
Debt
€118,934 ▼ 2.0%
Debt's share of the balance-sheet total falls from 71.4% to 71.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.39▲
2021 · 1.38
Debt to equity
2.46▼
2021 · 2.50
ROE
-0.5%▼
2021 · 25.7%
ROA
-0.2%▼
2021 · 7.3%
Debt ≤ 1 year
€118,934▼
2021 · €121,315
Income taxes
€346▼
2021 · €4,697
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €711 | €810 | ▲ 13.9% |
| Gross operating margin9900 | €11,542 | €14,001 | €1,254 | €17,927 | €946 | ▼ 94.7% |
| Operating profit (loss)9901 | €9,627 | €12,453 | €907 | €17,216 | €136 | ▼ 99.2% |
| Financial charges65/66B | - | - | - | €52 | €45 | ▼ 13.5% |
| Recurring financial charges65 | €286 | €63 | €70 | €52 | €45 | ▼ 13.5% |
| Profit (loss) for the period before taxes9903 | €9,341 | €12,390 | €837 | €17,164 | €91 | ▼ 99.5% |
| Income taxes67/77 | €3,041 | €4,484 | €2,781 | €4,697 | €346 | ▼ 92.6% |
| Profit (loss) for the period9904 | €6,300 | €7,906 | -€1,944 | €12,467 | -€255 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | €6,300 | €7,906 | -€1,944 | €12,467 | -€255 | ▼ 102% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,624 | €156,990 | €153,189 | €169,874 | €167,238 | ▼ 1.6% |
| Fixed assets21/28 | €2,436 | €2,436 | €2,436 | €2,436 | €2,436 | = |
| Financial fixed assets28 | €2,436 | €2,436 | €2,436 | €2,436 | €2,436 | = |
| Current assets29/58 | €144,188 | €154,554 | €150,753 | €167,438 | €164,802 | ▼ 1.6% |
| Amounts receivable within one year40/41 | €124,938 | €124,868 | €124,327 | €128,775 | €133,999 | ▲ 4.1% |
| Trade receivables40 | - | - | - | €79,133 | €79,134 | = |
| Other amounts receivable41 | - | - | - | €49,642 | €54,865 | ▲ 10.5% |
| Cash at bank and in hand54/58 | €7,713 | €18,149 | €14,889 | €27,126 | €19,266 | ▼ 29.0% |
| Deferred charges and accrued income490/1 | - | - | - | €11,537 | €11,537 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,624 | €156,990 | €153,189 | €169,874 | €167,238 | ▼ 1.6% |
| Equity10/15 | €30,130 | €38,036 | €36,092 | €48,559 | €48,304 | ▼ 0.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €345 | €345 | €345 | €345 | €345 | = |
| Non-distributable reserves130/1 | - | - | - | €345 | €345 | = |
| Reserves not available under the articles1311 | - | - | - | €345 | €345 | = |
| Profit (loss) carried forward14 | €11,193 | €19,099 | €17,155 | €29,622 | €29,367 | ▼ 0.9% |
| Amounts payable17/49 | €116,494 | €118,954 | €117,097 | €121,315 | €118,934 | ▼ 2.0% |
| Amounts payable within one year42/48 | €116,494 | €118,954 | €117,097 | €121,315 | €118,934 | ▼ 2.0% |
| Trade debts44 | €999 | €1,707 | €999 | €2,946 | €2,316 | ▼ 21.4% |
| Suppliers440/4 | - | - | - | €1,947 | €1,317 | ▼ 32.4% |
| Bills of exchange payable441 | - | - | - | €999 | €999 | = |
| Advances received on contracts in progress46 | - | - | - | €112,440 | €112,440 | = |
| Taxes, remuneration and social security45 | - | - | - | €4,525 | €2,774 | ▼ 38.7% |
| Taxes450/3 | - | - | - | €4,525 | €2,774 | ▼ 38.7% |
| Other amounts payable47/48 | - | - | - | €1,404 | €1,404 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,300 | €7,906 | -€1,944 | €12,467 | -€255 | ▼ 102% |
| Operating cash flow (approximation) | €6,300 | €7,906 | -€1,944 | €12,467 | -€255 | ▼ 102% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €10,436 | -€3,260 | €12,237 | -€7,860 | ▼ 164% |
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
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €12,467
Net result €12,467 after one loss-making year.
11-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 103 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 222 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 588 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 953 days late
2020
31-12
Financial
Weakest financial yearnet -€1,944
Net result drops to -€1,944, the lowest in the series; recovery starts the following year.
2007
31-08
NBB filing
Annual accounts filed
fiscal year 2006 · full schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2004 · full schema · 761 days late
2004
30-11
NBB filing
Annual accounts filed
fiscal year 2002 · full schema · 488 days late
2003
21-03
NBB filing
Annual accounts filed
fiscal year 2001 · full schema · 233 days late
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.
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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, Anderlecht · 1 establishment unit since 1981
Ground area
1,121 m²
Building footprint
404 m²
Volume, LiDAR
16,701 m³
2 parcels, Brussels · tallest building 52.2 m, ±16 floors. Linked by address, not a title deed.
143
companies at this address
See who is registered here
1 establishment unit
Visserijstraat 178, 1180 Ukkel
since 19812.035.411.178
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0298/00G000 | Brussels | 797 m² | 1 · 333 m² | 52.2 m · 16 fl. |
| 21612D0161/00W003 | Brussels | 324 m² | 1 · 71 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VA CLASSICS
BE 1003.165.585
Duffel · Eq €48,392
WICA ASSOCIATES
BE 0837.049.523
Ottignies-Louvain-la-Neuve · Eq €48,441
GENCO
BE 0860.645.267
Liège · Eq €48,157
GARAGE BART HELLINGS
BE 0628.642.152
Oudsbergen · Eq €48,089
Ejnar Hansen
BE 0786.240.923
Antwerpen · Eq €48,537
Of 4,415 companies in sector 46180 we hold annual accounts for 1,885. 1,349 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
Founded29-06-1981
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.