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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of ADM is 0.1% (very low). The 2023 annual accounts show equity of €25k and a net result of €2k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 84 sector peers (fiscal year 2023). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2022 and 2023).
View the result trend Growing equity
Equity grew over 2021-2023. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideAnnual accounts not filed
The financial year that closed on 31-08-2024 was due at the National Bank by 31-03-2025. Nothing is on record today, 499 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Latest accounts filed on time
The financial year that closed on 31-08-2023 was due by 31-03-2024 and was filed on 20-10-2023, 163 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-08. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-08-2023, that is 31-03-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-08-2025 | 31-03-2026 | nothing on record | not filed | - |
| 31-08-2024 | 31-03-2025 | nothing on record | not filed | - |
| 31-08-2023 | 31-03-2024 | 20-10-2023 | 163 d early | 2023-00489982 |
| 31-08-2022 | 31-03-2023 | 21-12-2022 | 100 d early | 2022-20542391 |
| 31-08-2021 | 31-03-2022 | 16-12-2021 | 105 d early | 2021-80400327 |
| 31-08-2020 | 31-03-2021 | 14-01-2021 | 76 d early | 2021-00900355 |
| 31-08-2019 | 31-03-2020 | 17-12-2019 | 105 d early | 2019-76400358 |
| 31-08-2018 | 31-03-2019 | 10-01-2019 | 80 d early | 2019-00900411 |
| 31-08-2017 | 31-03-2018 | 09-01-2018 | 81 d early | 2018-00900252 |
| 31-08-2016 | 31-03-2017 | 20-01-2017 | 70 d early | 2017-01900456 |
| 31-08-2015 | 31-03-2016 | 26-01-2016 | 65 d early | 2016-03000150 |
| 31-08-2014 | 31-03-2015 | 16-02-2015 | 43 d early | 2015-04300492 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 1998, 28 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.1%
Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form
−Higher-failure-rate sector
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€2k-46.0%
Working capital€24k+12.8%
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 20-10-2023 with the NBB · fiscal year 2023 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~3.2%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2023 · NACE 61 · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 48.1% | 37.1% | |
| Net result | €2k | €8k | |
| Equity | €25k | €14k | |
| Gross operating margin | €178k | €19k | |
| Total assets | €52k | €54k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P60
Improving position over 2021-2023
· n=35-84
P39
Stable position over 2021-2023
· n=36-83
P65
Stable position over 2021-2023
· n=36-84
P91
Stable position over 2021-2023
· n=36-83
Describes the position versus peers, not a forecast.
€6k
-28.6%
18-23
€2k
-46.0%
18-23
€3k
-33.8%
18-23
€52k
+9.6%
18-23
€25k
+6.9%
18-23
€24k
+12.8%
18-23
2
-9.5%
18-23
€170k
-5.0%
18-23
€3k
-26.7%
18-23
€27k
+12.3%
18-23
€27k
+12.3%
18-23
€17k
-12.5%
18-23
1.88
+0.2%
18-23
1.88
+0.2%
18-23
48.1%
-2.5%
18-23
1.08
+5.1%
18-23
6.4%
-49.5%
18-23
3.1%
-50.8%
18-23
19.70
-49.6%
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €6k |
| Net profit | €2k |
| Cash flow | €3k |
| Staff costs | €170k |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €52k |
| Equity | €25k |
| Debt | €27k |
| of which ≤ 1y | €27k |
| of which > 1y | - |
| Working capital | €24k |
| Employees (FTE) | 1.9 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 1.88 |
| Quick ratio | 1.88 |
| Working capital ratio | 45.4% |
| Solvency | 48.1% |
| Debt / equity | 1.08 |
| Long-term debt ratio | - |
| Interest coverage | 19.70 |
| Gross margin | - |
| Net margin | - |
| ROA | 3.1% |
| ROE | 6.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €52k |
| Fixed assets | 21/28 | €1k |
| Financial fixed assets | 28 | €1k |
| Current assets | 29/58 | €50k |
| Amounts receivable within one year | 40/41 | €19k |
| Cash & bank | 54/58 | €31k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €52k |
| Equity | 10/15 | €25k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €600 |
| Accumulated profits (losses) | 14 | €5k |
| Amounts payable | 17/49 | €27k |
| Amounts payable within one year | 42/48 | €27k |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €178k |
| Operating result | 9901 | €4k |
| Financial charges | 65 | €283 |
| Result before taxes | 9903 | €4k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €2k |
| Result to be appropriated | 9905 | €2k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed79
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Directors
Directors & mandates
87 directorsCurrent directors & mandates
-
Current03-02-2026 → present
-
Current03-02-2026 → present
-
Current01-09-2024 → present
-
Current11-12-2023 → present
-
Current11-12-2023 → present
-
Current11-12-2023 → present
3 events
- 11-12-2023 Resigned· Director
- 11-12-2023 Appointed· Director
- 11-12-2020 Appointed· Director
-
Current11-12-2023 → present
3 events
- 11-12-2023 Resigned· Director
- 11-12-2023 Appointed· Director
- 08-12-2017 Appointed· Director
-
Current11-12-2023 → present
-
Current11-12-2023 → present
-
Current09-12-2022 → present
-
Current09-12-2022 → present
-
Current09-12-2022 → present
-
Current09-12-2022 → present
-
Current21-02-2022 → present
+ 8 not shown in this overview
Historic, not recently confirmed (8)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Not recently confirmedlast confirmed in an act from 2020
-
Not recently confirmedlast confirmed in an act from 2020
-
Not recently confirmedlast confirmed in an act from 2019
-
Not recently confirmedlast confirmed in an act from 2017
-
Not recently confirmedlast confirmed in an act from 2017
-
Not recently confirmedlast confirmed in an act from 2016
-
Not recently confirmedlast confirmed in an act from 2016
-
Not recently confirmedlast confirmed in an act from 2015
Former directors (57)
-
Former13-12-2019 → 05-12-2025
3 events
- 05-12-2025 Resigned· Director
- 11-12-2023 Appointed· Director
- 13-12-2019 Appointed· Director
-
Former15-01-2024 → 01-09-2024
2 events
- 01-09-2024 Resigned· Director
- 15-01-2024 Appointed· Director
-
Former- → 11-12-2023
-
Former08-12-2017 → 09-12-2022
2 events
- 09-12-2022 Resigned· Director
- 08-12-2017 Appointed· Director
-
Former11-12-2020 → 09-12-2022
2 events
- 09-12-2022 Resigned· Director
- 11-12-2020 Appointed· Director
-
Former12-12-2014 → 09-12-2022
2 events
- 09-12-2022 Resigned· Director
- 12-12-2014 Appointed· Director
-
Former09-12-2016 → 09-12-2022
2 events
- 09-12-2022 Resigned· Director
- 09-12-2016 Appointed· Director
-
Former11-12-2015 → 09-12-2022
2 events
- 09-12-2022 Resigned· Director
- 11-12-2015 Appointed· Director
-
Former10-12-2021 → 20-07-2022
2 events
- 20-07-2022 Resigned· Director
- 10-12-2021 Appointed· Director
-
Former11-12-2015 → 21-02-2022
2 events
- 21-02-2022 Resigned· Director
- 11-12-2015 Appointed· Director
-
Former09-12-2016 → 10-12-2021
2 events
- 10-12-2021 Resigned· Director
- 09-12-2016 Appointed· Director
-
Former14-12-2018 → 10-12-2021
2 events
- 10-12-2021 Resigned· Director
- 14-12-2018 Appointed· Director
-
Former09-12-2016 → 10-12-2021
3 events
- 10-12-2021 Resigned· Director
- 09-12-2016 Appointed· Director
- 11-12-2015 Resigned· Director
-
Former14-12-2018 → 10-12-2021
3 events
- 10-12-2021 Resigned· Director
- 14-12-2018 Appointed· Director
- 12-12-2014 Resigned· Director
+ 43 not shown in this overview
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet(61100) |
| Legal form | Non-profit association(017) |
| Incorporation | 04-06-1998 |
| Status | Active |
| Postal code | 2845 |
Structure & network
Connections & network
19 connected companiesNetwork connections
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Shared address
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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address registerParcels1
Ground area5,028 m²
Buildings1
Building footprint1,140 m²
Volume (LiDAR)994 m³
Tallest building34.5 m
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11030C0277/00P000 | Flanders | 5,028 m² | 1 · 1,139 m² | 34.5 m |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
20 acts Address history · 2
10-11-2021
v3.2
23-12-2019
v3.2
All acts · 20
updated 6 months ago
2026
11-02-2026 2 directors appointed, 1 resigning
- Fabrice De Windt, Bestuurder
- Bart Appelen, Bestuurder
- Stéphane Lahaye, Bestuurder
Summary:
v3.2
2025
22-08-2025 Patrick Leysen appointed as director
2024
22-10-2024 1 director appointed, 1 resigning
10-06-2024 10 directors appointed, 3 resigning
- Ronny Depoortere, Bestuurder
- Stéphane Lahaye, Bestuurder
- Patrick Leysen, Bestuurder
- Leen Philips, Bestuurder
- Jan Ronsse, Bestuurder
- Marijke Schroos, Bestuurder
- Piet Van Petegem, Bestuurder
- Rita Verreydt, Bestuurder
Summary:
v3.2
2023
16-11-2023 Publication in the Belgian Official Gazette, Minor change
Summary:
Fusion completedNotary:
Peter Van Melkebeke · BrusselFirm:
BERQUIN NOTARISSEN
25-10-2023 Frank LAMBRIGTS resigns as director
18-10-2023 Act object · Board meeting · Officer resignation · Officer discharge
- Act object: Ontslag en Benoeming van bestuurders · Inetum Realdolmen Belgium
- Publication: 18/10/2023 · Inetum Realdolmen Belgium
- Filing: 10/10/2023 · Inetum Realdolmen Belgium
- Board meeting: 23/09/2023 · Inetum Realdolmen Belgium
- Officer resignation: role: bestuurder, end_date: 2023-09-25 · Cyril Malher
- Officer discharge · Cyril Malher
- Officer appointment: role: bestuurder, term: 4 jaar, start_date: 2023-09-23 · Nathalle Pousin
- Power of attorney: scope: vertegenwoordiging als aandeelhouder van derde rechtspersonen, in het bijzonder ADM CVBA · Johnny Smets
- Power of attorney: scope: aanpassingen en inschrijvingen in de Kruispuntbank van Ondernemingen · Johnny Smets
- Filing representative · Johnny Smets
Summary:
Act object · Board meeting · Officer resignation · Officer discharge
14-02-2023 4 directors appointed, 5 resigning
- Johan GROFFEN, Bestuurder
- Marleen PHILIPS, Bestuurder
- Roeland BRIERS, Bestuurder
- Pierre-André Jacques J. RULMONT, Bestuurder
- Geert ROTTIER, Bestuurder
- Tim GROENWALS, Bestuurder
- Caroline VAN ROMPUY, Bestuurder
- Davey ROGIEST, Bestuurder
Summary:
v3.2
2022
10-03-2022 2 directors appointed, 1 resigning
- Tom PLUYM, Bestuurder
- Birgitta BRYS, Bestuurder
- Ruben SCHAUBROECK, Bestuurder
Summary:
v3.2
04-01-2022 4 directors appointed, 4 resigning
- Dennis DE CAT, Bestuurder
- Johan GUELLY, Bestuurder
- Geert DEGEZELLE, Bestuurder
- Frank LAMBRIGTS, Bestuurder
- Alex MARIN, Bestuurder
- Dirk PEETERS, Bestuurder
- Serge VANDENHOUDT, Bestuurder
- Marc DE GROOTE, Bestuurder
Summary:
v3.2
2021
10-11-2021 Registered office moved from Mechelen to Niel
- Schaliënhoevedreef 20, 2800 Mechelen → Galileilaan 15, 2845 Niel
Summary:
v3.2
12-02-2021 5 directors appointed, 8 resigning
- Bert CEUPPENS, Bestuurder
- Patrick LEYSEN, Bestuurder
- Davey ROGIEST, Bestuurder
- Bernard HULLAERT, Bestuurder
- Liliane VERREYEN, Bestuurder
- Johan CATTERSEL, Bestuurder
- Martine TEMPELS, Bestuurder
- Sophie LECONTE, Bestuurder
Summary:
v3.2
2020
03-01-2020 4 directors appointed, 4 resigning
- Werner DE LAET, Bestuurder
- Stef DE MULDER, Bestuurder
- Stéphane LAHAYE, Bestuurder
- Ludo WIJCKMANS, Bestuurder
- Carl TILKIN-FRANSSENS, Bestuurder
- Luc OPDEBEECK, Bestuurder
- Tine VANDENBREEDEN, Bestuurder
- Gert ROECKX, Bestuurder
Summary:
v3.2
2019
23-12-2019 Registered office moved from Antwerpen to Mechelen
- Noorderlaan 139, 2030 Antwerpen → Schaliënhoevedreef 20, 2800 Mechelen
Summary:
v3.2
12-02-2019 7 directors appointed, 7 resigning
- Franky PEETERS, Bestuurder
- Johan LYBAERT, Bestuurder
- Serge VANDENHOUDT, Bestuurder
- Marc DE GROOTE, Bestuurder
- Dries DEWILDE, Bestuurder
- Ludo WIJCKMANS, Bestuurder
- Gert VANHAECHT, Bestuurder
- Luk DENAYER, Bestuurder
Summary:
v3.2
2018
05-02-2018 5 directors appointed, 4 resigning
- Caroline VAN ROMPUY, Bestuurder
- Valérie TANGHE, Bestuurder
- Nicholas DE WALSCHE, Bestuurder
- Sophie LECONTE, Bestuurder
- Piet VAN PETEGEM, Bestuurder
- Dirk JANSSEN, Bestuurder
- Roger MALEVÉ, Bestuurder
- Peter HELLEMANS, Bestuurder
Summary:
v3.2
2017
06-02-2017 12 directors appointed, 7 resigning
- Michel VERWAERDE, Bestuurder
- Gert ROECKX, Bestuurder
- Philippe URBAIN, Bestuurder
- Peter HELLEMANS, Bestuurder
- Els BLATON, Bestuurder
- Alex MARIN, Bestuurder
- Ingrid GONNISSEN, Bestuurder
- Nico REESKENS, Bestuurder
Summary:
v3.2
2016
21-03-2016 8 directors appointed, 7 resigning
- Sonja NOBEN, Bestuurder
- Marijke SCHROOS, Bestuurder
- Tine VANDENBREEDEN, Bestuurder
- Frank DEMONIE, Bestuurder
- Tim GROENWALS, Bestuurder
- Jan Gaspard J. RONSSE, Bestuurder
- Ruben SCHAUBROECK, Bestuurder
- Johnny SMETS, Bestuurder
Summary:
v3.2
2015
05-03-2015 6 directors appointed, 8 resigning
- Amaud BACROS, Bestuurder
- Luc CLOET, Bestuurder
- Luc OPDEBEECK, Bestuurder
- Geert ROTTIER, Bestuurder
- Ann SCHOUBS, Bestuurder
- Bjorn VAN REET, Bestuurder
- Eric VAN BAEL, Bestuurder
- Koenraad VAN GERVEN, Bestuurder
Summary:
v3.2
2014
08-01-2014 2 directors appointed, 1 resigning
- Rudi PEETERS, Bestuurder
- Daniel NAEDENOEN, Bestuurder
- Rudy DE SMEDT, Bestuurder
Summary:
v3.2
Analysis
Snowflake analysis
financial profile on 5 axes76
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
79
Profitability
32
Solvency
90
Growth
78
Stability
100
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Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 128 of the 1,385 companies in this sector. 90 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet61100Draadloze telecommunicatie61200Overige diensten op het gebied van informatietechnologie en computer62090Overige diensten op het gebied van informatietechnologie en computer62900Telecommunicatie64200
Primary activity highlighted.
Names & trade names
| Legal nameNL | ADM |
Registered office
Galileilaan 15
2845 Niel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.