ADLE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2025 is a loss of €998, smaller than the loss of €1,481 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2.6m | - | - | - | €0 |
| Depreciation and write-downs of the year | €14,000 | €0 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,000 | €0 | - | - | - | - |
| Other operating charges640/8 | €462 | €841 | €1,643 | €1,154 | €998 | ▼ 13.5% |
| Gross operating margin9900 | -€13,442 | €0 | -€133 | -€327 | €0 | - |
| Operating profit (loss)9901 | -€27,905 | -€841 | -€1,776 | -€1,481 | -€998 | ▲ 32.6% |
| Financial charges65/66B | €89 | €3,474 | €4,434 | €5,532 | €5,776 | ▲ 4.4% |
| Recurring financial charges65 | €89 | €3,474 | €4,434 | €5,532 | €5,776 | ▲ 4.4% |
| Profit (loss) for the period before taxes9903 | -€27,994 | -€4,315 | -€6,210 | -€7,013 | -€6,775 | ▲ 3.4% |
| Profit (loss) for the period9904 | -€27,994 | -€4,315 | -€6,210 | -€7,013 | -€6,775 | ▲ 3.4% |
| Profit (loss) for the period to be appropriated9905 | -€27,994 | -€4,315 | -€6,210 | -€7,013 | -€6,775 | ▲ 3.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.6m | €2.6m | €2.6m | €4.1m | ▲ 57.8% |
| Fixed assets21/28 | €2.6m | €2.6m | €2.6m | €2.6m | €4.1m | ▲ 58.0% |
| Tangible fixed assets22/27 | €2.6m | €2.6m | €2.6m | €2.6m | €4.1m | ▲ 58.0% |
| Other tangible fixed assets26 | €2.6m | €2.6m | €2.6m | €2.6m | €4.1m | ▲ 58.0% |
| Current assets29/58 | €0.003m | €0.002m | €0.001m | €0.005m | €0.002m | ▼ 48.3% |
| Cash at bank and in hand54/58 | €0.003m | €0.002m | €0.001m | €0.005m | €0.002m | ▼ 48.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.6m | €2.6m | €2.6m | €4.1m | ▲ 57.8% |
| Equity10/15 | €2.4m | €2.4m | €2.4m | €2.4m | €3.9m | ▲ 62.2% |
| Contributions10/11 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Revaluation surpluses12 | - | - | - | - | €1.5m | - |
| Profit (loss) carried forward14 | -€0.03m | -€0.03m | -€0.04m | -€0.05m | -€0.05m | ▼ 14.9% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.4% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.4% |
| Trade debts44 | - | - | €0.001m | €0.001m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | €0.001m | €0.001m | €0 | ▼ 100% |
| Other amounts payable47/48 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.9% |
| Accrued charges and deferred income492/3 | - | €0.003m | €0.003m | €0.003m | €0.003m | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.03m | -€0.004m | -€0.006m | -€0.007m | -€0.007m | ▲ 3.4% |
| + Depreciation and write-downs630 | €0.01m | €0 | - | - | - | - |
| Operating cash flow (approximation) | -€0.01m | -€0.004m | -€0.006m | -€0.007m | -€0.007m | ▲ 3.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1.5m | - |
| Change in cash | - | -€0.001m | -€0.001m | €0.003m | -€0.002m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 929 companies had the same profile as ADLE has now. Two years later, 92.8% were still going and 1.7% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a small loss
That fits the bankruptcy probability of ADLE itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 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 929 companies, not a prediction for ADLE. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00354913 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00222052 | |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00144561 | |
| 31-12-2022 | micro format | 17-07-2023 | 2023-00240382 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20235664 |