ADJECTIF
ActiveFrom the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of ADJECTIF is 5.8% (elevated). For ADJECTIF, at least two annual filings are missing. The 2022 annual accounts show equity of €48,304 and a net result of -€255. Equity has been growing by about 13% per year since 2018. Its solvency ranks better than 43% of 14,177 sector peers (NACE 46, financial year 2022). The company has been active since 1981 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2022, micro format
2023 annual accounts not yet filed, deadline passed on 31 July 2024 The financial year closed on 31 December 2023. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 1 November 2026.
Annual accounts 2022
- Financial year ended
- 31-12-2022
- Filed on
- 30-08-2023
- Format
- micro format
- Reference
- 2023-00379497
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result for 2022 is 99% lower than in 2021 and the lowest since 2018.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
| 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 | - |
| Profit (loss) for the period to be appropriated9905 | €6,300 | €7,906 | -€1,944 | €12,467 | -€255 | - |
| 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 | - |
| Operating cash flow (approximation) | €6,300 | €7,906 | -€1,944 | €12,467 | -€255 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €10,436 | -€3,260 | €12,237 | -€7,860 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 30-08-2023 | 2023-00379497 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20373144 | |
| 31-12-2020 | micro format | 11-11-2021 | 2021-77500195 | |
| 31-12-2019 | micro format | 10-03-2021 | 2021-07300166 | |
| 31-12-2018 | micro format | 10-03-2021 | 2021-07300163 | |
| 31-12-2017 | micro format | 10-03-2021 | 2021-07300150 | |
| 31-12-2006 | full format | 31-08-2007 | 2007-66200337 | |
| 31-12-2004 | full format | 31-08-2007 | 2007-66200336 | |
| 31-12-2002 | full format | 30-11-2004 | 2004-82000173 | |
| 31-12-2001 | full format | 21-03-2003 | 2003-08000650 |
Comparable companies
These companies have the same main activity as ADJECTIF: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €137,000 and €277,000, founded between 1974 and 1990.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| ADJECTIF Anderlecht | 1981 | €167,238 | €48,304 | €946 | -€255 | - | 2022 |
| Frederic DASSARGUES Ukkel | 1985 | €137,091 | -€28,458 | -€1,892 | -€6,488 | - | 2025 |
| METRO DELIVERY SERVICE Brussel | 1974 | €241,775 | €241,213 | -€202,874 | -€216,817 | - | 2025 |
| IMMOSTRO NV Etterbeek | 1980 | €276,850 | €101,430 | -€24,467 | -€1,857 | - | 2025 |
| AFCEA Europe FAIRFAX | 1984 | €242,651 | -€98,085 | -€10,865 | -€199,604 | 2.1 | 2025 |
| DEMARMETAL Charleroi | 1979 | €245,293 | €219,672 | €1,091 | €937 | - | 2026 |
| MANAGEMENT ASSOCIATES INTERNATIONAL Chaudfontaine | 1990 | €208,574 | €194,598 | -€21,361 | -€55,692 | 0 | 2025 |
They were chosen from the 1,932 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.