Equity
€1.1m ▼ 5.1%
Adley paid out €360,000 in dividends. That is 114% of the 2025 profit.
Adley
Lifetime
20 annual accounts with figures on one time axis, 43 filings since 1979Gross marginpeak €1.4m (2022)
€1.1m▼ 11.3%
Resultpeak €616,313 (2021)
€315,494▼ 38.4%
Equitypeak €1.3m (2021)
€1.1m▼ 5.1%
Debts
€1.7m▼ 13.4%
Staffpeak 7.4 FTE (2008)
6 FTEunchanged
Board4 names since 2006
4 directorsFLEXCON and 3 others
Owners4 names in the annual accounts
Documentsfilings and deeds
27-05-202665 days before the deadline
2025abbreviated format
Result from €512,027 to €315,494Dividend €360,000
Key points
from the 2025 annual accountsResult
€315,494 ▼ 38.4%
The result fell in 2025 from €512,027 to €315,494.
Turnover
≈ €1.9m estimated
The abbreviated format states no turnover.
Filings
43 annual accounts since 1979
The last five annual accounts were filed 65 to 76 days before the end of the period.
Board
2 left
Directors left. Latest change 27-08-2026 · 2 in office.
Position in the sector
€315,494
Higher net result than 80% of companies in chemicals. Sector median €36,567 · 148 companies.
Checked score
95
Excellent
Financially stronger than 57% of micro companies in chemicals (NACE 20)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 355 companies (NACE 20, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: < 0.1%▼ -0.1 percentage points vs 02-2025
04-2025: 0.1%▲ +0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: < 0.1%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: 0.1%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1979
Liquidity: current ratio 1.54, cash €1.0m
Figures for financial year 2025 (filed on 29-05-2026)
Size: 6 FTE, total assets €2.7m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 20, micro). It does better than 53% of them on solvency, 70% on liquidity, 68% on profitability and 37% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as Adley has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Adley itself: 0.1% 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 31,368 companies, not a prediction for Adley. 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.
Credit verdict
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (1.5 in 2024), above the usual 1.5. Short-term debt is 60.8% and cash 38.3% of total assets. However, 60.8% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 days early
2024
71 days early
2023
76 days early
2022
68 days early
2021
73 days early
2020
58 days early
2019
78 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 70 days before the deadline. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
NV
NOVA VISION
Director, MATTHEUS Philippe, since 24-09-2019
- FLEXCON 50%equity €3.4m (2025) · 2025 annual accounts of FLEXCON
- NOVA VISION 50%score 91equity €517,568 (2025) · 2025 annual accounts of NOVA VISION
Recent changes
Amendment of the articles
General meeting of 29-09-2026 · Gazette deed
2 directors resigning
Marijke Vandenbroucke and FLEXCON · Permanent representative: Johan Blondeel · General meeting of 27-08-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0419245381
1 director appointed, 3 reappointments
Appointment: MORES Sophie · Reappointments: NOVA VISION, FLEXCON and VANDENBROUCKE Marijke · Permanent representatives: MATTHEUS Philippe and BLONDEEL Johan · General meeting of 30-09-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| Adley Machelen (Brab.) | - | - | 39.2% | 6 |
| SPRINGPRESS Ghent | - | - | 66.9% | 4 |
| EURO - MOUSSE Ninove | - | - | 48.6% | 12.3 |
| TERRACOTTEM Dentergem | - | - | 84.3% | 3.6 |
| PLASTURGIE LAZZERINI La Louvière | €2.5m | 0.8% | 9.5% | 17.3 |
| VETAK Estaimpuis | - | - | 14.1% | 0 |
| GALCO Jette | €17.8m | -2.2% | 24.9% | 9.6 |
These companies have the same main activity as Adley: manufacture of chemicals and chemical products (NACE 20110). They are comparable in size and age: total assets between €706,000 and €10m, founded between 1975 and 1990.
Official details
Source: KBO- Status
- Active since 09-03-1979Normal situation
- Activity
- Manufacture of chemicals and chemical productsNACE 20110and 1 other
- Joint committees
- 116Chemical industry
- 207White-collar workers in the chemical industry · annual accounts 2025
- Establishment unit
- 2.015.968.4201830 Machelen (Brab.), since 13-03-1977
- Financial year end
- 31 December
- Peppol
- Reachable since 14-04-2025
Annual accounts 2025
- Total assets
- €2.7m▼ 10.3%
- Employeeson 31-12-2025
- 6=
- Filing
- Filed on 27-05-2026, 65 days before the end of the filing period
Insights on Adley
Adley files the abbreviated format. That format states no turnover. The gross margin rose from €514,586 in 2006 to €1.1m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Adley
- What is the company number of Adley?
- The company number of Adley is 0419.245.381. The VAT number is the same number with BE in front: BE 0419.245.381.
- Where is Adley based?
- The registered office is at Steenweg Buda 2A, 1830 Machelen (Brab.).Company details
- What does Adley do?
- According to the KBO register, the main activity is manufacture of chemicals and chemical products (NACE 20110).
- What is the legal form of Adley?
- Adley is a public limited company (NV).
- When was Adley founded?
- Adley was founded on 09-03-1979.
- Is Adley still active?
- Yes, Adley is an active enterprise in the KBO register.
- How many employees does Adley have?
- Adley had an average of 6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Adley fall under?
- In its 2025 annual accounts, Adley states joint committees 116 (Chemical industry) and 207 (White-collar workers in the chemical industry).
- What is the turnover of Adley?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €1.1m and 1,584 comparable companies of the same size. It probably lies between €1.3m and €3.1m. It is a rough estimate. In financial year 2021 turnover was €7.6m.
- Is Adley profitable?
- In financial year 2025, Adley made a profit of €315,494.
- Where can I find the annual accounts of Adley?
- Adley filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Adley due?
- Adley must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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