ADJOIN ARCHITECTURE
ActiveSummary
ADJOIN ARCHITECTURE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €51,385 and a net result of €31,312. Equity is growing by ~75.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+6
Solvency79▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 0.5 in 2023; short-term debt: 45.4% and cash: 55.3% of total assets), and 45.9% 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+raises 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
54.1%
Return on assets
33%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
46 d early
2024
29 d late
2023
on the day
2022
30 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€51,385▲ 149%
2023 · €20,639
Total assets
€95,025▲ 81.5%
2023 · €52,368
Net result
€31,312▲ 194%
2023 · €10,656
Working capital
€20,277
2023 · -€15,951
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€13,641--€4,668€12,664€50,071▲ 295%
Net result€10,391within the sector's middle half--€5,409below the sector's middle half€10,656within the sector's middle half€31,312within the sector's middle half▲ 194%
Equity€15,391below the sector's middle half-€9,983below the sector's middle half▼ 35.1%€20,639below the sector's middle half▲ 107%€51,385within the sector's middle half▲ 149%
Total assets€35,415below the sector's middle half-€28,531below the sector's middle half▼ 19.4%€52,368below the sector's middle half▲ 83.5%€95,025within the sector's middle half▲ 81.5%
Debt€20,023-€18,549▼ 7.4%€31,729▲ 71.1%€43,640▲ 37.5%
Working capital€7,447within the sector's middle half-€6,324below the sector's middle half▼ 15.1%-€15,951below the sector's middle half€20,277within the sector's middle half
Solvency43.5%within the sector's middle half-35.0%within the sector's middle half▼ 8.5pp39.4%within the sector's middle half▲ 4.4pp54.1%within the sector's middle half▲ 14.7pp
Current ratio1.37within the sector's middle half-1.34within the sector's middle half▼ 0.030.50below the sector's middle half▼ 0.841.47within the sector's middle half▲ 0.97
Return on assets (ROA)29.3%above the sector's middle half--19.0%below the sector's middle half▼ 48.3pp20.3%within the sector's middle half▲ 39.3pp33.0%above the sector's middle half▲ 12.6pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 295% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €95,025
Fixed assets
€31,622 ▼ 13.6%
Current assets
€63,403 ▲ 302%
Equity and liabilities €95,025
Equity
€51,385 ▲ 149%
Debt
€43,640 ▲ 37.5%
Debt's share of the balance-sheet total falls from 60.6% to 45.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58,567▲
2023 · €17,315
Cash flow
€39,808▲
2023 · €15,308
Debt to equity
0.85▼
2023 · 1.54
ROE
60.9%▲
2023 · 51.6%
Interest coverage
42.68▼
2023 · 360.74
Debt ≤ 1 year
€43,126▲
2023 · €31,729
Income taxes
€17,387▲
2023 · €1,960
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
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 0.6% 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 497,338 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% | 1.9% |
| 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 26,975 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,692 | €4,572 | €4,651 | €8,496 | ▲ 82.7% |
| Other operating charges640/8 | €1,021 | €369 | €751 | €5,018 | ▲ 568% |
| Non-recurring operating charges66A | €178 | €139 | - | - | - |
| Gross operating margin9900 | €20,532 | €411 | €18,066 | €63,585 | ▲ 252% |
| Operating profit (loss)9901 | €13,641 | -€4,668 | €12,664 | €50,071 | ▲ 295% |
| Financial income75/76B | - | €14 | - | €0 | - |
| Recurring financial income75 | - | €14 | - | €0 | - |
| Financial charges65/66B | €90 | €640 | €48 | €1,372 | ▲ 2,759% |
| Recurring financial charges65 | €90 | €640 | €48 | €1,372 | ▲ 2,759% |
| Profit (loss) for the period before taxes9903 | €13,551 | -€5,293 | €12,616 | €48,700 | ▲ 286% |
| Income taxes67/77 | €3,160 | €116 | €1,960 | €17,387 | ▲ 787% |
| Profit (loss) for the period9904 | €10,391 | -€5,409 | €10,656 | €31,312 | ▲ 194% |
| Profit (loss) for the period to be appropriated9905 | €10,391 | -€5,409 | €10,656 | €31,312 | ▲ 194% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €35,415 | €28,531 | €52,368 | €95,025 | ▲ 81.5% |
| Fixed assets21/28 | €7,944 | €3,658 | €36,589 | €31,622 | ▼ 13.6% |
| Tangible fixed assets22/27 | €7,944 | €3,658 | €36,589 | €31,622 | ▼ 13.6% |
| Furniture and vehicles24 | €7,944 | €3,658 | €36,589 | €31,622 | ▼ 13.6% |
| Current assets29/58 | €27,471 | €24,873 | €15,779 | €63,403 | ▲ 302% |
| Amounts receivable within one year40/41 | €6,965 | €6,645 | €11,566 | €8,621 | ▼ 25.5% |
| Trade receivables40 | €6,965 | €6,645 | €8,914 | €8,621 | ▼ 3.3% |
| Other amounts receivable41 | - | - | €2,652 | - | - |
| Cash at bank and in hand54/58 | €19,605 | €17,698 | €2,188 | €52,526 | ▲ 2,301% |
| Deferred charges and accrued income490/1 | €901 | €529 | €2,024 | €2,256 | ▲ 11.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €35,415 | €28,531 | €52,368 | €95,025 | ▲ 81.5% |
| Equity10/15 | €15,391 | €9,983 | €20,639 | €51,385 | ▲ 149% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €10,000 | €10,000 | €15,600 | €45,600 | ▲ 192% |
| Distributable reserves133 | €10,000 | €10,000 | €15,600 | €45,600 | ▲ 192% |
| Profit (loss) carried forward14 | €391 | -€5,018 | €39 | €785 | ▲ 1,932% |
| Amounts payable17/49 | €20,023 | €18,549 | €31,729 | €43,640 | ▲ 37.5% |
| Amounts payable within one year42/48 | €20,023 | €18,549 | €31,729 | €43,126 | ▲ 35.9% |
| Trade debts44 | €2,973 | €195 | €3,449 | €4,094 | ▲ 18.7% |
| Suppliers440/4 | €2,973 | €195 | €3,449 | €4,094 | ▲ 18.7% |
| Taxes, remuneration and social security45 | €4,560 | €3,229 | €3,445 | €9,241 | ▲ 168% |
| Taxes450/3 | €4,560 | €3,229 | €1,930 | €9,241 | ▲ 379% |
| Remuneration and social security454/9 | - | - | €1,514 | - | - |
| Other amounts payable47/48 | €12,490 | €15,125 | €24,835 | €29,792 | ▲ 20.0% |
| Accrued charges and deferred income492/3 | - | - | - | €513 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,391 | -€5,409 | €10,656 | €31,312 | ▲ 194% |
| + Depreciation and write-downs630 | €5,692 | €4,572 | €4,651 | €8,496 | ▲ 82.7% |
| Operating cash flow (approximation) | €16,083 | -€837 | €15,308 | €39,808 | ▲ 160% |
| Investment in fixed assets (approximation) | - | -€286 | -€37,582 | -€3,528 | ▲ 90.6% |
| Change in cash | - | -€1,907 | -€15,510 | €50,338 | ▲ 425% |
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
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2021net €31,312 ▲194%
Operating result €50,071, net result €31,312, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.47
Current ratio from 0.50 to 1.47.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10,656
Net result €10,656 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€5,409
Net result drops to -€5,409, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Fléron · 1 establishment unit since 2020
Ground area
200 m²
Building footprint
83 m²
Parcel 62038A0450/00C002, Wallonia. Linked by address, not a title deed.
1 establishment unit
ADJOIN ARCHITECTURE
since 20202.304.441.569
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62038A0450/00C002 | Wallonia | 200 m² | 1 · 83 m² | - |
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.
Similar companies · same sector, comparable size
Anne Catherine de CRAYENCOUR - Pierre Paul LANNOY, architectes associés
BE 0460.967.457
Genappe · Eq €51,378
Architectenbureel Artec+
BE 0436.682.419
Denderleeuw · Eq €51,284
Architectuur by Mélanie
BE 1006.101.222
Halen · Eq €51,275
NRGY Control
BE 0829.050.387
Hasselt · Eq €51,500
ARCHITECTEN.2LZ
BE 0562.832.602
Lede · Eq €51,520
Of 18,254 companies in sector 71111 we hold annual accounts for 6,321. 5,354 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
Founded04-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747887123
Also
9925:BE0747887123
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.