ADL & PARTNERS
InactiveOverview
Activity
Activity not known
Size
€43,514total assets 2024
- Equity
- €31,281
- Profit
- €23,221
Turnover not published (micro format)
Financial health
Inactive: no score
Structure
- Holdings
- 1
1 of 4 deeds read
Signalsraises riskAnnual accounts not filedneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 78 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline17-10-2026 today
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 30-05-2025, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
62 days early
2023
106 days early
2022
70 days early
2021
37 days early
2020
27 days late
2019
49 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 50 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- End & cessationDeclaration · Dissolution · Custody…
- Annual accounts filedfinancial year 2024 · micro…
- Liquidity more than doubledcurrent ratio 2.82
Financials · financial year 2024, micro format
Turnover
€0
2020 · €0
Total assets
€43,514▼ 29.1%
2023 · €61,413
Net result
€23,221▲ 6.5%
2023 · €21,794
Working capital
€21,814
2023 · -€1,029
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result recovers in 2024; 2024 is 16% above 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0
2021
Operating result€34,381
2024
Net result€23,221
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€43,514
2024
Equity€31,281
2024
Debt€12,233
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€21,814
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€0€0€0
Operating result€39,376-€38,179▼ 3.0%€91,532▲ 140%€71,793▼ 21.6%€82,615▲ 15.1%€29,605▼ 64.2%€34,381▲ 16.1%
Net result€31,521-€28,942▼ 8.2%€72,137▲ 149%€55,942▼ 22.5%€67,371▲ 20.4%€21,794▼ 67.7%€23,221▲ 6.5%
Equity€9,445-€11,986▲ 26.9%€8,060▼ 32.8%€8,060=€39,703▲ 393%€8,060▼ 79.7%€31,281▲ 288%
Total assets€63,855-€42,113▼ 34.0%€97,460▲ 131%€82,123▼ 15.7%€70,010▼ 14.7%€61,413▼ 12.3%€43,514▼ 29.1%
Debt€54,410-€30,127▼ 44.6%€89,400▲ 197%€74,063▼ 17.2%€30,307▼ 59.1%€53,353▲ 76.0%€12,233▼ 77.1%
Working capital€5,424-€9,585▲ 76.7%-€25,082-€18,721▲ 25.4%€29,659-€1,029€21,814
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43,514
Fixed assets
€9,706 ▲ 6.8%
Current assets
€33,808 ▼ 35.4%
Equity and liabilities €43,514
Equity
€31,281 ▲ 288%
Debt
€12,233 ▼ 77.1%
Debt's share of the balance-sheet total falls from 86.9% to 28.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,087▲
2023 · €30,565
Cash flow
€23,926▲
2023 · €22,754
Current ratio
2.82▲
2023 · 0.98
Debt to equity
0.39▼
2023 · 6.62
ROE
74.2%▼
2023 · 270.4%
ROA
53.4%▲
2023 · 35.5%
Interest coverage
25.30▲
2023 · 17.11
Debt ≤ 1 year
€11,994▼
2023 · €53,353
Income taxes
€9,774▲
2023 · €6,025
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | €0 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €1,520 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,236 | €1,691 | €2,825 | €7,250 | €1,020 | €960 | €705 | ▼ 26.5% |
| Other operating charges640/8 | - | - | - | €439 | €952 | €1,049 | €973 | ▼ 7.2% |
| Gross operating margin9900 | €41,842 | €41,590 | €97,622 | €79,482 | €86,107 | €31,614 | €36,060 | ▲ 14.1% |
| Operating profit (loss)9901 | €39,376 | €38,179 | €91,532 | €71,793 | €82,615 | €29,605 | €34,381 | ▲ 16.1% |
| Financial income75/76B | - | - | - | €0 | €4,182 | €0 | - | - |
| Recurring financial income75 | €9 | - | €0 | €0 | €4,182 | €0 | - | - |
| Financial charges65/66B | - | - | - | €105 | €1,770 | €1,786 | €1,387 | ▼ 22.4% |
| Recurring financial charges65 | €358 | €283 | €95 | €105 | €1,770 | €1,786 | €1,387 | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | €39,027 | €37,895 | €91,437 | €71,689 | €85,027 | €27,819 | €32,995 | ▲ 18.6% |
| Income taxes67/77 | €7,506 | €8,954 | €19,300 | €15,747 | €17,656 | €6,025 | €9,774 | ▲ 62.2% |
| Profit (loss) for the period9904 | €31,521 | €28,942 | €72,137 | €55,942 | €67,371 | €21,794 | €23,221 | ▲ 6.5% |
| Profit (loss) for the period to be appropriated9905 | €31,521 | €28,942 | €72,137 | €55,942 | €67,371 | €21,794 | €23,221 | ▲ 6.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €63,855 | €42,113 | €97,460 | €82,123 | €70,010 | €61,413 | €43,514 | ▼ 29.1% |
| Fixed assets21/28 | €4,021 | €4,541 | €34,927 | €27,677 | €10,049 | €9,089 | €9,706 | ▲ 6.8% |
| Tangible fixed assets22/27 | €961 | €1,481 | €31,867 | €24,617 | €6,912 | €5,952 | €6,646 | ▲ 11.7% |
| Furniture and vehicles24 | - | - | - | €24,617 | €6,912 | €5,952 | €6,646 | ▲ 11.7% |
| Financial fixed assets28 | €3,060 | €3,060 | €3,060 | €3,060 | €3,137 | €3,137 | €3,060 | ▼ 2.4% |
| Current assets29/58 | €59,834 | €37,572 | €62,533 | €54,446 | €59,961 | €52,324 | €33,808 | ▼ 35.4% |
| Amounts receivable within one year40/41 | €12,441 | €12,177 | €20,237 | €31,847 | €20,137 | €32,943 | €10,905 | ▼ 66.9% |
| Trade receivables40 | - | - | - | €25,453 | €12,986 | €9,217 | €1,388 | ▼ 84.9% |
| Other amounts receivable41 | - | - | - | €6,394 | €7,152 | €23,726 | €9,517 | ▼ 59.9% |
| Cash at bank and in hand54/58 | €27,393 | €20,475 | €42,187 | €21,531 | €39,823 | €12,939 | €21,491 | ▲ 66.1% |
| Deferred charges and accrued income490/1 | - | - | - | €1,068 | €0 | €6,441 | €1,412 | ▼ 78.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €63,855 | €42,113 | €97,460 | €82,123 | €70,010 | €61,413 | €43,514 | ▼ 29.1% |
| Equity10/15 | €9,445 | €11,986 | €8,060 | €8,060 | €39,703 | €8,060 | €31,281 | ▲ 288% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €25,081 | ▲ 1,248% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €0 | - | €1,860 | €25,081 | ▲ 1,248% |
| Profit (loss) carried forward14 | €1,385 | €3,926 | €0 | €0 | €31,643 | €0 | €0 | - |
| Amounts payable17/49 | €54,410 | €30,127 | €89,400 | €74,063 | €30,307 | €53,353 | €12,233 | ▼ 77.1% |
| Amounts payable within one year42/48 | €54,410 | €27,987 | €87,615 | €73,167 | €30,302 | €53,353 | €11,994 | ▼ 77.5% |
| Trade debts44 | €1,910 | €1,516 | €336 | €1,299 | €8,203 | €7,763 | €1,381 | ▼ 82.2% |
| Suppliers440/4 | - | - | - | €1,299 | €8,203 | €7,763 | €1,381 | ▼ 82.2% |
| Taxes, remuneration and social security45 | - | - | - | €15,926 | €11,380 | €7,113 | €10,613 | ▲ 49.2% |
| Taxes450/3 | - | - | - | €15,926 | €11,380 | €5,113 | €7,113 | ▲ 39.1% |
| Remuneration and social security454/9 | - | - | - | - | - | €2,000 | €3,500 | ▲ 75.0% |
| Other amounts payable47/48 | - | - | - | €55,942 | €10,719 | €38,477 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €896 | €5 | €0 | €240 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,521 | €28,942 | €72,137 | €55,942 | €67,371 | €21,794 | €23,221 | ▲ 6.5% |
| + Depreciation and write-downs630 | €1,236 | €1,691 | €2,825 | €7,250 | €1,020 | €960 | €705 | ▼ 26.5% |
| Operating cash flow (approximation) | €32,757 | €30,632 | €74,963 | €63,192 | €68,391 | €22,754 | €23,926 | ▲ 5.2% |
| Investment in fixed assets (approximation) | - | -€2,211 | -€33,211 | €0 | €16,608 | €0 | -€1,323 | - |
| Change in cash | - | -€6,918 | €21,712 | -€20,656 | €18,292 | -€26,884 | €8,552 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 30-05-2025 | 2025-00113670 |
| 31-12-2023 | micro format | 16-04-2024 | 2024-00063550 |
| 31-12-2022 | micro format | 22-05-2023 | 2023-00091049 |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20088221 |
| 31-12-2020 | micro format | 27-08-2021 | 2021-54300189 |
| 31-12-2019 | micro format | 12-06-2020 | 2020-16200312 |
| 31-12-2018 | micro format | 23-08-2019 | 2019-49000425 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-55100419 |
| 31-12-2016 | full format | 26-06-2017 | 2017-20500406 |
| 31-12-2015 | full format | 25-08-2016 | 2016-45500237 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
20%
According to the 2022 annual accounts of ADL & PARTNERS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
No directors read yet: 1 of 4 Gazette acts processed.
History
Acts, filings and financial milestones
2025
08-08
Gazette deed
End & cessationDeclaration · Dissolution · Custody of records8 facts ▸
Gazette deed
End & cessation
Declaration · Dissolution · Custody of records8 facts ▸
- General meeting, 25-06-2025
- General meeting, “unanimité, sans réserve” (deed in French)
- Declaration, “non-annexation des rapports, Greffe du Tribunal de l'Entreprise de Liège” (deed in French)
- Declaration, “connaissance des documents par l'actionnaire unique” (deed in French)
- Dissolution, 25-06-2025
- General meeting, “unanimité”, EUR (deed in French)
- Custody of records, “unanimité, Nicolas DE ANGELIS” (deed in French)
- Liquidation closure, “unanimité” (deed in French)
30-05
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial
Liquidity more than doubledcurrent ratio 2.82
Current ratio from 0.98 to 2.82; short-term debt falls from €53,353 to €11,994.
16-04
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial
Weakest financial yearnet €21,794 ▼67.7%
Net result drops to €21,794, the lowest in the series.
22-05
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial
Liquidity more than doubledcurrent ratio 1.98
Current ratio from 0.74 to 1.98; short-term debt falls from €73,167 to €30,302.
24-06
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
27-08
NBB filing
Annual accounts filed
financial year 2020 · micro format · 27 days late
2020
31-12
Financial
Highest result from 2018 to 2024net €72,137 ▲149%
Operating result €91,532, net result €72,137, both a record.
12-06
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
23-08
NBB filing
Annual accounts filed
financial year 2018 · micro format · 23 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 31 days late
2017
26-06
NBB filing
Annual accounts filed
financial year 2016 · full format
2016
25-08
NBB filing
Annual accounts filed
financial year 2015 · full format · 25 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 12 annual accounts filed, the latest 10 are here; all 12 are under Financials.
1 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.