ADJUST
ActiveSummary
ADJUST has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €707,932 and a net result of €161,465. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 66% of 1547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-2
Solvency86▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 2.58 against 2.29 in 2023; short-term debt: 33.9% and cash: 42% of total assets), and 39.5% 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.5%
Return on assets
13.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
28 d late
2022
41 d early
2021
29 d late
2020
23 d late
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€1.8m
EBIT margin
11.8%
Net result
€161,465▲ 7.6%
2023 · €150,037
Working capital
€626,712▲ 2.9%
2023 · €609,008
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Line20202021202220232024
Turnover€1.8m
Operating result€169,935▲ 61.8%€243,836▲ 43.5%€268,118▲ 10.0%€202,183▼ 24.6%€212,066▲ 4.9%
Net result€124,761above the sector's middle half▲ 62.5%€178,816above the sector's middle half▲ 43.3%€198,329above the sector's middle half▲ 10.9%€150,037within the sector's middle half▼ 24.3%€161,465within the sector's middle half▲ 7.6%
EBIT margin11.8%
Equity€614,286within the sector's middle half▲ 25.5%€563,102within the sector's middle half▼ 8.3%€676,431within the sector's middle half▲ 20.1%€706,467within the sector's middle half▲ 4.4%€707,932within the sector's middle half▲ 0.2%
Total assets€864,230within the sector's middle half▲ 10.6%€951,628within the sector's middle half▲ 10.1%€1.1mwithin the sector's middle half▲ 16.1%€1.3mwithin the sector's middle half▲ 13.7%€1.2mwithin the sector's middle half▼ 6.9%
Debt€249,944▼ 14.4%€388,526▲ 55.4%€428,587▲ 10.3%€549,902▲ 28.3%€462,161▼ 16.0%
Working capital€600,186▲ 34.2%€517,875▼ 13.7%€529,853▲ 2.3%€609,008▲ 14.9%€626,712▲ 2.9%
Solvency71.1%above the sector's middle half▲ 8.4pp59.2%within the sector's middle half▼ 11.9pp61.2%within the sector's middle half▲ 2.0pp56.2%within the sector's middle half▼ 5.0pp60.5%within the sector's middle half▲ 4.3pp
Staff (FTE)0.7below the sector's middle half2below the sector's middle half▲ 186%1.9below the sector's middle half▼ 5.0%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 5% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€146,676 ▼ 16.3%
Current assets
€1.0m ▼ 5.3%
Equity and liabilities €1.2m
Equity
€707,932 ▲ 0.2%
Debt
€462,161 ▼ 16.0%
Debt's share of the balance-sheet total falls from 43.8% to 39.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€244,825▲
2023 · €238,060
Cash flow
€194,223▲
2023 · €185,914
Current ratio
2.58▲
2023 · 2.29
Debt to equity
0.65▼
2023 · 0.78
ROE
22.8%▲
2023 · 21.2%
ROA
13.8%▲
2023 · 11.9%
Interest coverage
133.86▲
2023 · 120.53
Debt ≤ 1 year
€396,705▼
2023 · €472,087
Debt > 1 year
€24,236▼
2023 · €37,579
Income taxes
€55,304▲
2023 · €52,787
Staff costs
€134,274▲
2023 · €133,125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €1.8m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €1.4m | - |
| Remuneration, social security and pensions62 | - | - | €34,796 | €133,125 | €134,274 | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,699 | €15,623 | €21,825 | €35,877 | €32,759 | ▼ 8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €9,335 | - |
| Other operating charges640/8 | - | €2,092 | €2,236 | €1,483 | €968 | ▼ 34.7% |
| Gross operating margin9900 | €185,933 | €261,552 | €326,975 | €372,667 | €389,401 | ▲ 4.5% |
| Operating profit (loss)9901 | €169,935 | €243,836 | €268,118 | €202,183 | €212,066 | ▲ 4.9% |
| Financial income75/76B | - | €484 | €1,100 | €2,616 | €6,531 | ▲ 150% |
| Recurring financial income75 | €1,267 | €484 | €1,100 | €2,616 | €6,531 | ▲ 150% |
| Financial charges65/66B | - | €845 | €1,392 | €1,975 | €1,829 | ▼ 7.4% |
| Recurring financial charges65 | €2,786 | €845 | €1,392 | €1,975 | €1,829 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | €168,416 | €243,476 | €267,826 | €202,824 | €216,769 | ▲ 6.9% |
| Income taxes67/77 | €43,656 | €64,660 | €69,497 | €52,787 | €55,304 | ▲ 4.8% |
| Profit (loss) for the period9904 | €124,761 | €178,816 | €198,329 | €150,037 | €161,465 | ▲ 7.6% |
| Transfer from tax-exempt reserves789 | - | €31,000 | €16,020 | €17,800 | €75,780 | ▲ 326% |
| Transfer to tax-exempt reserves689 | - | - | €43,992 | €42,100 | €33,680 | ▼ 20.0% |
| Profit (loss) for the period to be appropriated9905 | €83,081 | €209,816 | €170,357 | €125,737 | €203,565 | ▲ 61.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €864,230 | €951,628 | €1.1m | €1.3m | €1.2m | ▼ 6.9% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €48,000 | €45,706 | €197,109 | €175,274 | €146,676 | ▼ 16.3% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €27,763 | €25,469 | €78,742 | €56,907 | €26,809 | ▼ 52.9% |
| Furniture and vehicles24 | - | €25,469 | €78,742 | €56,907 | €26,809 | ▼ 52.9% |
| Financial fixed assets28 | €20,238 | €20,238 | €118,367 | €118,367 | €119,867 | ▲ 1.3% |
| Current assets29/58 | €816,229 | €905,922 | €907,909 | €1.1m | €1.0m | ▼ 5.3% |
| Amounts receivable within one year40/41 | €280,080 | €278,767 | €277,212 | €397,871 | €415,292 | ▲ 4.4% |
| Trade receivables40 | - | €278,764 | €277,212 | €397,871 | €410,959 | ▲ 3.3% |
| Other amounts receivable41 | - | €3 | - | - | €4,333 | - |
| Current investments50/53 | - | - | - | €76,000 | €113,000 | ▲ 48.7% |
| Cash at bank and in hand54/58 | €530,690 | €624,354 | €622,070 | €597,401 | €491,207 | ▼ 17.8% |
| Deferred charges and accrued income490/1 | - | €2,801 | €8,626 | €9,823 | €3,918 | ▼ 60.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €864,230 | €951,628 | €1.1m | €1.3m | €1.2m | ▼ 6.9% |
| Equity10/15 | €614,286 | €563,102 | €676,431 | €706,467 | €707,932 | ▲ 0.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €421,560 | €291,560 | €335,552 | €377,652 | €411,332 | ▲ 8.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €109,600 | €137,572 | €161,872 | €119,772 | ▼ 26.0% |
| Distributable reserves133 | - | €180,100 | €196,120 | €213,920 | €289,700 | ▲ 35.4% |
| Profit (loss) carried forward14 | €174,126 | €252,942 | €322,279 | €310,215 | €278,000 | ▼ 10.4% |
| Amounts payable17/49 | €249,944 | €388,526 | €428,587 | €549,902 | €462,161 | ▼ 16.0% |
| Amounts payable after more than one year17 | - | - | €50,531 | €37,579 | €24,236 | ▼ 35.5% |
| Financial debts170/4 | - | - | €50,531 | €37,579 | €24,236 | ▼ 35.5% |
| Amounts payable within one year42/48 | €216,044 | €388,046 | €378,056 | €472,087 | €396,705 | ▼ 16.0% |
| Current portion of amounts payable after more than one year42 | - | - | €12,575 | €12,953 | €13,343 | ▲ 3.0% |
| Trade debts44 | €110,459 | €153,375 | €90,855 | €156,769 | €76,394 | ▼ 51.3% |
| Suppliers440/4 | - | €153,375 | €90,855 | €156,769 | €76,394 | ▼ 51.3% |
| Taxes, remuneration and social security45 | - | €119,006 | €177,967 | €168,284 | €118,720 | ▼ 29.5% |
| Taxes450/3 | - | €115,190 | €165,920 | €146,415 | €98,910 | ▼ 32.4% |
| Remuneration and social security454/9 | - | €3,816 | €12,046 | €21,869 | €19,810 | ▼ 9.4% |
| Other amounts payable47/48 | - | €115,666 | €96,660 | €134,081 | €188,249 | ▲ 40.4% |
| Accrued charges and deferred income492/3 | - | €480 | - | €40,236 | €41,219 | ▲ 2.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €124,761 | €178,816 | €198,329 | €150,037 | €161,465 | ▲ 7.6% |
| + Depreciation and write-downs630 | €11,699 | €15,623 | €21,825 | €35,877 | €32,759 | ▼ 8.7% |
| Operating cash flow (approximation) | €136,460 | €194,439 | €220,154 | €185,914 | €194,223 | ▲ 4.5% |
| Investment in fixed assets (approximation) | - | -€13,329 | -€173,228 | -€14,043 | -€4,160 | ▲ 70.4% |
| Change in cash | - | €93,664 | -€2,283 | -€24,670 | -€106,193 | ▼ 330% |
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
2026
27-08
State Gazette act
Resignations: Jean-Christophe Gabriel (director) and Gabriel Taminiaux (director)Appointments: Consult Me If You Can SRL (director) and Requirements Review Architecture Usability Maintenance SRL (director)5 facts ▸
State Gazette act
Resignations: Jean-Christophe Gabriel (director) and Gabriel Taminiaux (director)
Appointments: Consult Me If You Can SRL (director) and Requirements Review Architecture Usability Maintenance SRL (director)5 facts ▸
- General meeting, 20-03-2026
- Director resignation, Jean-Christophe Gabriel (director)
- Director resignation, Gabriel Taminiaux (director)
- Director appointment, Consult Me If You Can SRL (director)
- Director appointment, Requirements Review Architecture Usability Maintenance SRL (director)
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €198,329 ▲10.9%
Operating result €268,118, net result €198,329, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
31-12
Financial
Equity above €500,000Eq €614,286 ▲25.5%
3 profitable years in a row build equity to €614,286.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 7 days late
2019
31-12
Financial
Weakest financial yearnet €76,776 ▼11.7%
Net result drops to €76,776, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Consult Me If You Can
CurrentDirector · since 27-08-2026 · Private limited company
Requirements Review Architecture Usability Maintenance
CurrentDirector · since 27-08-2026 · Private limited company
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2012
Ground area
7,777 m²
Building footprint
1,723 m²
Volume, LiDAR
29,935 m³
2 parcels, Brussels, Wallonia · tallest building 28.5 m, ±6 floors. Linked by address, not a title deed.
226
companies at this address
See who is registered here
1 establishment unit
ADJUST
since 20122.210.385.223
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446F0030/00A000 | Brussels | 7,406 m² | 1 · 1,655 m² | 28.5 m · 6 fl. |
| 25091B0414/00A000 | Wallonia | 371 m² | 1 · 68 m² | 8.0 m · 2 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.
Mandate history
4 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Consult Me If You Can |
|
| Requirements Review Architecture Usability Maintenance |
|
| Gabriel Taminiaux |
|
| Jean-Christophe Gabriel |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
70%
According to the 2024 annual accounts of ADJUST and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
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Shareholding
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Identification & contact
Identification
Legal formPrivate limited company
Founded21-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
73110Advertising agencies
62200Computer consultancy and computer facilities management
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846758629
Also
9925:BE0846758629
Registered
11-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.