Equity
ADJILE paid out €99,000 in dividends. That is 182% of the 2026 profit.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 30% of them on solvency, 86% on liquidity, 84% on profitability and 14% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 7,976 companies had the same profile as ADJILE has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ADJILE itself is lower: < 0.1% within 12 months. It rests on far more data about ADJILE than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for ADJILE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.93 (3.06 in 2025), above the usual 1.5. Short-term debt is 22.2% and cash 66.8% of total assets. However, 70.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 102 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Shares in 1 company, POLAR HOLDING
Board & ownership| Company | ||||
|---|---|---|---|---|
| ADJILE Wielsbeke | €197,051 | €71,982 | 29.1% | - |
| N.D. Consult Knokke-Heist | €210,163 | €71,339 | 58.9% | - |
| LADY PAULETTE Kortrijk | €202,929 | €77,945 | 68.0% | - |
| Frank Vanrobaeys De Panne | €204,721 | €75,426 | 85.9% | - |
| IM Administration Knokke-Heist | €187,589 | €70,200 | 68.3% | - |
| Equitino Bruges | €182,520 | €74,042 | 67.8% | - |
| Allround Logistics Solutions Deerlijk | €190,623 | €80,972 | 74.8% | - |
These companies have the same main activity as ADJILE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €183,000 and €210,000, founded between 2022 and 2023.
ADJILE files the micro format. That format states no turnover. The gross margin rose from €18,024 in 2023 to €71,982 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €110,000 and €190,000.
Higher than 59% of 39,368 companies in 2025.
Higher than 64% of 38,051 companies in 2025.
Higher than 68% of 38,523 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
197,051 | 157,738 | 114,605 | 67,325 | |
21/28 |
25,000 | 25,000 | 25,000 | 25,000 | |
28 |
25,000 | 25,000 | 25,000 | 25,000 | |
29/58 |
172,051 | 132,738 | 89,605 | 42,325 | |
40/41 |
39,282 | 27,951 | 25,652 | 24,420 | |
40 |
29,282 | 27,951 | 25,652 | 24,420 | |
41 |
10,000 | - | - | - | |
50/53 |
0 | 50,514 | - | - | |
54/58 |
131,715 | 53,608 | 63,279 | 17,167 | |
490/1 |
1,054 | 665 | 674 | 737 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
197,051 | 157,738 | 114,605 | 67,325 | |
10/15 |
57,426 | 102,168 | 59,944 | 14,601 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
13 |
54,000 | 99,000 | 56,750 | 11,601 | |
133 |
54,000 | 99,000 | 56,750 | 11,601 | |
14 |
426 | 168 | 194 | 0 | |
17/49 |
139,625 | 55,570 | 54,661 | 52,724 | |
17 |
94,150 | 10,000 | 10,000 | 10,000 | |
170/4 |
- | - | 0 | 10,000 | |
178/9 |
94,150 | 10,000 | 10,000 | - | |
42/48 |
43,781 | 43,372 | 44,553 | 42,616 | |
44 |
9,312 | 6,287 | 7,018 | 5,820 | |
440/4 |
9,312 | 6,287 | 7,018 | 5,820 | |
45 |
7,682 | 7,145 | 9,071 | 10,755 | |
450/3 |
7,682 | 7,145 | 6,920 | 8,117 | |
454/9 |
- | 0 | 2,151 | 2,638 | |
47/48 |
26,787 | 29,940 | 28,464 | 26,041 | |
492/3 |
1,694 | 2,198 | 108 | 108 | |
| Income statement | |||||
9900 |
71,982 | 56,793 | 60,036 | 18,024 | |
640/8 |
245 | 126 | 0 | 253 | |
9901 |
71,737 | 56,667 | 60,036 | 17,771 | |
75/76B |
285 | 706 | - | - | |
75 |
285 | 706 | - | - | |
65/66B |
1,905 | 2,407 | 303 | 268 | |
65 |
1,905 | 2,407 | 303 | 268 | |
9903 |
70,118 | 54,966 | 59,733 | 17,503 | |
67/77 |
15,860 | 11,882 | 13,557 | 5,102 | |
9904 |
54,258 | 43,083 | 46,176 | 12,401 | |
9905 |
54,258 | 43,083 | 46,176 | 12,401 | |
| Appropriation of the result | |||||
9906 |
54,426 | 43,277 | 46,176 | 12,401 | |
14P |
168 | 194 | - | - | |
791/2 |
99,000 | - | - | - | |
691/2 |
54,000 | 42,250 | 45,149 | 11,601 | |
6921 |
54,000 | 42,250 | 45,149 | 11,601 | |
694/7 |
99,000 | 859 | 833 | 800 | |
694 |
99,000 | 859 | 833 | 800 | |
| Document | |||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 02-11-2026.
| Line | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| - | - | - | 25,000 | ||
| 78,106 | -9,671 | 46,112 | - | ||
| 128,270 | 89,366 | 45,052 | -291 | ||
| 29.1% | 64.8% | 52.3% | 21.7% | ||
| 3.93 | 3.06 | 2.01 | 0.99 | ||
| 2.43 | 0.54 | 0.91 | 3.61 | ||
| 94.5% | 42.2% | 77.0% | 84.9% | ||
| 27.5% | 27.3% | 40.3% | 18.4% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2026 | 30-06-2025 | 30-06-2024 | 30-06-2023 |
|---|---|---|---|---|
| Financial fixed assets | - | - | - | €25,000 |
Source: notes to the 2023 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 27% higher than in 2025 and the highest since 2023. It is a recovery after the fall in 2025.
Debt's share of the balance-sheet total rises from 35.2% to 70.9%. Equity is lower and debt is higher.
Source: list of holdings in its own 30-06-2026 accounts. Every holding stands with its own latest accounts.
| Name | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| POLAR HOLDING | 40% | |||
Source: list of holdings in its own accounts
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2027 accounts: 31-01-2028
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
ADJILE was incorporated on 5 January 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 The registered office was moved to Wielsbeke in 2024.3 DESMET Julie Yvette is director of the company, appointed by deed of 09-01-2023.2 Total assets rose from €67,325 in 2023 to €197,051 in 2026.4
| Establishment | Since | Unit number |
|---|---|---|
| Waterstraat 32 registered office 8710 Wielsbeke 70100 Activities of head offices | 05-01-2023 | 2.339.721.756 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 37017C0112/00Z000 | 594 m² | 1 · 127 m² | 7.8 m · 1 |
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