ADL TRADING

Active

Private limited companyfounded 200719 yrs activeRue à Dettes 129, 6150 Anderlues, BelgiumKBO/BCE: BE 0886.493.985

ADL TRADING has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.13M and a net result of €329k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

69 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability79▼-1

Solvency78▲+5

Growth78=

Track record100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €140k at 30 days acceptable

Liquidity ample (current ratio 2.08 against 1.81 in 2023; short-term debt: 22.6% and cash: 2% of total assets), and 46.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

53.3%

Return on assets

8.2%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

A punctual record breaks

This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

57 d late

2023

62 d early

2022

31 d early

2021

31 d early

2020

44 d early

2019

28 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€329k▼ 13.5%

2023 · €381k

2018: €169k 2019: €129k 2020: €360k 2021: €601k 2022: €515k 2023: €381k

2018 → 2024

Working capital

€976k▲ 15.4%

2023 · €845k

2018: €-43k 2019: €-28k 2020: €146k 2021: €407k 2022: €1.10M 2023: €845k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€1.08M-€1.40M▲ 29.5%€1.87M▲ 33.8%€1.95M▲ 4.2%€2.13M▲ 9.1%

Operating result€511k-€773k▲ 51.1%€644k▼ 16.7%€559k▼ 13.1%€457k▼ 18.3%

Net result€360k-€601k▲ 66.8%€515k▼ 14.4%€381k▼ 26.0%€329k▼ 13.5%

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2024 is 18% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €4.00M

53.0%

47.0%

Fixed assets €2.12M▼ 3.2%

Current assets €1.88M▼ 0.7%

Equity and liabilities €4.00M

53.3%

46.7%

Equity €2.13M▲ 9.1%

Debt €1.87M▼ 12.3%

The debt ratio falls from 52.2% to 46.7%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€618k▼

2023 · €716k

Cash flow

€490k▼

2023 · €537k

Solvency

53.3%▲

2023 · 47.8%

Current ratio

2.08▲

2023 · 1.81

Quick ratio

1.04▲

2023 · 0.83

Debt / equity

0.88▼

2023 · 1.09

ROE

15.5%▼

2023 · 19.5%

ROA

8.2%▼

2023 · 9.3%

Interest coverage

9.55▼

2023 · 9.93

Debt

€1.87M▼

2023 · €2.13M

Debt ≤ 1 year

€904k▼

2023 · €1.05M

Debt > 1 year

€965k▼

2023 · €1.08M

Income taxes

€111k▼

2023 · €150k

Staff costs

€531k▲

2023 · €513k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€4.09M€4.00M▼

Fixed assets21/28€2.19M€2.12M▼

Intangible fixed assets21€0-

Tangible fixed assets22/27€2.19M€2.12M▼

Land and buildings22€2.03M€1.94M▼

Plant, machinery and equipment23€12k€4k▼

Furniture and vehicles24€3k€64k▲

Leasing and similar rights25€131k€96k▼

Other tangible fixed assets26€17k€17k=

Financial fixed assets28€1k€1k=

Current assets29/58€1.89M€1.88M▼

Stocks and contracts in progress3€1.03M€939k▼

Stocks30/36€1.03M€939k▼

Amounts receivable within one year40/41€613k€826k▲

Trade receivables40€607k€812k▲

Other amounts receivable41€6k€14k▲

Cash at bank and in hand54/58€197k€81k▼

Deferred charges and accrued income490/1€56k€34k▼

Equity and liabilities

Total equity and liabilities10/49€4.09M€4.00M▼

Equity10/15€1.95M€2.13M▲

Contributions10/11€19k€19k=

Reserves13€1.82M€1.98M▲

Distributable reserves133€1.82M€1.98M▲

Profit (loss) carried forward14€0€0=

Investment grants15€110k€130k▲

Amounts payable17/49€2.13M€1.87M▼

Amounts payable after more than one year17€1.08M€965k▼

Financial debts170/4€806k€702k▼

Trade debts175€4k€0▼

Other amounts payable178/9€270k€263k▼

Amounts payable within one year42/48€1.05M€904k▼

Current portion of amounts payable after more than one year42€256k€172k▼

Financial debts43€41k€41k▲

Credit institutions430/8€41k€41k▲

Trade debts44€281k€382k▲

Suppliers440/4€281k€382k▲

Advances received on contracts in progress46€52k€0▼

Taxes, remuneration and social security45€118k€126k▲

Taxes450/3€68k€79k▲

Remuneration and social security454/9€50k€47k▼

Other amounts payable47/48€299k€184k▼

Accrued charges and deferred income492/3€6k€2k▼

Income statement Code20232024

Remuneration, social security and pensions62€513k€531k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€157k€161k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€30k€10k▼

Other operating charges640/8€16k€18k▲

Gross operating margin9900€1.27M€1.18M▼

Operating profit (loss)9901€559k€457k▼

Financial income75/76B€44k€48k▲

Recurring financial income75€44k€48k▲

Financial charges65/66B€72k€65k▼

Recurring financial charges65€72k€65k▼

Profit (loss) for the period before taxes9903€531k€440k▼

Income taxes67/77€150k€111k▼

Profit (loss) for the period9904€381k€329k▼

Profit (loss) for the period to be appropriated9905€381k€329k▼

Appropriation of the result

Profit (loss) to be appropriated9906€381k€329k▼

Transfer from equity791/2€150k€87k▼

Transfer to equity691/2€236k€245k▲

To other reserves6921€236k€245k▲

Profit to be distributed694/7€295k€171k▼

Return on contributions (dividend)694€295k€171k▼

Social balance

Average headcount (FTE)90879.59.7▲

The notes to these accounts (29 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

26-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 57 days late

2024

31-12

Financial Equity above €2MEq €2.13M ▲9.1%

7 profitable years in a row build equity to €2.13M.

30-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

30-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

30-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Highest result since 2018net €601k ▲66.8%

Operating result €773k, net result €601k, both a record.

17-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Equity above €1MEq €1.08M ▲26.3%

3 profitable years in a row build equity to €1.08M.

03-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Weakest financial yearnet €129k ▼23.8%

Net result drops to €129k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 30 days late

2018

10-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

2016

26-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 26 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Anderlues · 3 establishment units since 2007

establishment approximate All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue à Dettes 1296150 Anderlues

Ground area

1.9 ha

Building footprint

691 m²

Volume, LiDAR

1,112 m³

3 parcels, Flanders, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.

3 establishment units

ADL Trading

Rue à Dettes 125, 6150 AnderluesNACE 51130

since 20072.158.911.776

ADL TRADING

Meeuwenlaan 5, 8434 MiddelkerkeOffice administrative, office support and other business support activities

since 20082.206.073.077

Rue à Dettes 129, 6150 Anderlues

Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20222.338.863.307

3 parcels

Flanders 1 (33.3%) Wallonia 2 (66.7%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56302D0703/00E002	Wallonia	1.8 ha	1 · 84 m²	9.1 m · 2 fl.
56302D0697/00B003indicative	Wallonia	648 m²	1 · 134 m²	4.7 m · 1 fl.
35022A0001/00Z063	Flanders	400 m²	1 · 473 m²	-