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ADJECTIF

Active
Private limited companyfounded 1981active for 45 yearsDokter Lemoinelaan 11, 1070 Anderlecht, Belgium145 active companies are registered at this addressKBO/BCE: BE 0421.708.488

From 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 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 about 13% per year across the filed financial years. 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 Financial year closed on 31 December 2023; filing 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.

Latest annual accounts filed

Annual accounts 2022

Download PDF
Financial year ended
31-12-2022
Filed on
30-08-2023
Format
micro format
Reference
2023-00379497
Turnover
≈ €8,100
Estimated: probably between €3,700 and €15,000
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

2018 to 2022, 5 financial years 2018 to 2022, 5 financial years

The operating result falls in 2022; 2022 is 99% below 2021 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€136 2022 Net result-€255 2022

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022
Operating result€9,627-€12,453▲ 29.4%€907▼ 92.7%€17,216▲ 19×€136▼ 99.2%
Net result€6,300-€7,906▲ 25.5%-€1,944within the sector's middle half€12,467within the sector's middle half-€255within the sector's middle half
Equity€30,130-€38,036▲ 26.2%€36,092within the sector's middle half▼ 5.1%€48,559within the sector's middle half▲ 34.5%€48,304within the sector's middle half▼ 0.5%
Total assets€146,624-€156,990▲ 7.1%€153,189within the sector's middle half▼ 2.4%€169,874within the sector's middle half▲ 10.9%€167,238within the sector's middle half▼ 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%€33,656within the sector's middle half▼ 5.5%€46,123within the sector's middle half▲ 37.0%€45,868within the sector's middle half▼ 0.6%
Solvency20.5%-24.2%▲ 3.7pp23.6%within the sector's middle half▼ 0.7pp28.6%within the sector's middle half▲ 5.0pp28.9%within the sector's middle half▲ 0.3pp
Current ratio1.24-1.30▲ 0.061.29within the sector's middle half▼ 0.011.38within the sector's middle half▲ 0.091.39within the sector's middle half▲ 0.01
Return on assets (ROA)4.3%-5.0%▲ 0.7pp-1.3%within the sector's middle half▼ 6.3pp7.3%within the sector's middle half▲ 8.6pp-0.2%within the sector's middle half▼ 7.5pp
above within below the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
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
2022 value · change against 2021
Debt to equity
2.46▼
2021 · 2.50
ROE
-0.5%▼
2021 · 25.7%
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
Filed annual accounts As filed with the NBB · 2022 against 2021 · 36 lines

Source: Annual accounts 2022 (PDF), filed with the National Bank on 30-08-2023.

Balance sheet Code20212022
Assets
Total assets20/58€169,874€167,238▼
Fixed assets21/28€2,436€2,436=
Financial fixed assets28€2,436€2,436=
Current assets29/58€167,438€164,802▼
Amounts receivable within one year40/41€128,775€133,999▲
Trade receivables40€79,133€79,134=
Other amounts receivable41€49,642€54,865▲
Cash at bank and in hand54/58€27,126€19,266▼
Deferred charges and accrued income490/1€11,537€11,537=
Equity and liabilities
Total equity and liabilities10/49€169,874€167,238▼
Equity10/15€48,559€48,304▼
Contributions10/11€18,592€18,592=
Reserves13€345€345=
Non-distributable reserves130/1€345€345=
Reserves not available under the articles1311€345€345=
Profit (loss) carried forward14€29,622€29,367▼
Amounts payable17/49€121,315€118,934▼
Amounts payable within one year42/48€121,315€118,934▼
Trade debts44€2,946€2,316▼
Suppliers440/4€1,947€1,317▼
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▼
Taxes450/3€4,525€2,774▼
Other amounts payable47/48€1,404€1,404=
Income statement Code20212022
Other operating charges640/8€711€810▲
Gross operating margin9900€17,927€946▼
Operating profit (loss)9901€17,216€136▼
Financial charges65/66B€52€45▼
Recurring financial charges65€52€45▼
Profit (loss) for the period before taxes9903€17,164€91▼
Income taxes67/77€4,697€346▼
Profit (loss) for the period9904€12,467-€255▼
Profit (loss) for the period to be appropriated9905€12,467-€255▼
Appropriation of the result
Profit (loss) to be appropriated9906€29,622€29,367▼
Profit (loss) brought forward from the previous period14P€17,155€29,622▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line20182019202020212022Change
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-
Line20182019202020212022Change
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=
Line20182019202020212022Change
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-

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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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 PDF
31-12-2021 micro format 30-08-2022 2022-20373144 PDF
31-12-2020 micro format 11-11-2021 2021-77500195 PDF
31-12-2019 micro format 10-03-2021 2021-07300166 PDF
31-12-2018 micro format 10-03-2021 2021-07300163 PDF
31-12-2017 micro format 10-03-2021 2021-07300150 PDF
31-12-2006 full format 31-08-2007 2007-66200337 PDF
31-12-2004 full format 31-08-2007 2007-66200336 PDF
31-12-2002 full format 30-11-2004 2004-82000173 PDF
31-12-2001 full format 21-03-2003 2003-08000650 PDF

Show all 20 filings

Similar companies · same sector, comparable size

Of the 4,310 active companies whose main activity is agents specialised in the wholesale of other particular products (NACE 46180), figures are known for 1,937. 1,386 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.