ADM CONCEPT
ActiveSummary
ADM CONCEPT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,613 and a net result of €13,257. Equity is shrinking by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 13% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-1
Solvency30=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.69 in 2024; short-term debt: 53.3% and cash: 4.8% of total assets), and 94.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-02-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
7 d late
2024
6 d late
2023
on the day
2022
on the day
2021
3 d early
2020
19 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€21,613▼ 7.5%
2024 · €23,356
Total assets
€393,725▼ 15.9%
2024 · €468,034
Net result
€13,257▼ 37.3%
2024 · €21,142
Working capital
-€114,216▼ 67.6%
2024 · -€68,156
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,487€42,759€634▼ 98.5%€31,125▲ 4,806%€20,143▼ 35.3%
Net result-€11,593below the sector's middle half▼ 2,656%€24,470within the sector's middle half-€16,285below the sector's middle half€21,142within the sector's middle half€13,257within the sector's middle half▼ 37.3%
Equity€72,830within the sector's middle half▼ 13.7%€33,500within the sector's middle half▼ 54.0%€17,214below the sector's middle half▼ 48.6%€23,356below the sector's middle half▲ 35.7%€21,613within the sector's middle half▼ 7.5%
Total assets€468,203within the sector's middle half▲ 10.7%€374,040within the sector's middle half▼ 20.1%€442,291within the sector's middle half▲ 18.2%€468,034within the sector's middle half▲ 5.8%€393,725within the sector's middle half▼ 15.9%
Debt€395,373▲ 16.7%€340,541▼ 13.9%€425,077▲ 24.8%€444,678▲ 4.6%€372,112▼ 16.3%
Working capital€11,220within the sector's middle half-€57,104below the sector's middle half-€65,017below the sector's middle half▼ 13.9%-€68,156below the sector's middle half▼ 4.8%-€114,216below the sector's middle half▼ 67.6%
Solvency15.6%below the sector's middle half▼ 4.4pp9.0%below the sector's middle half▼ 6.6pp3.9%below the sector's middle half▼ 5.1pp5.0%below the sector's middle half▲ 1.1pp5.5%below the sector's middle half▲ 0.5pp
Current ratio1.06within the sector's middle half▲ 0.180.48below the sector's middle half▼ 0.580.65below the sector's middle half▲ 0.170.69below the sector's middle half▲ 0.040.46below the sector's middle half▼ 0.24
Return on assets (ROA)-2.5%below the sector's middle half▼ 2.4pp6.5%within the sector's middle half▲ 9.0pp-3.7%below the sector's middle half▼ 10.2pp4.5%within the sector's middle half▲ 8.2pp3.4%within the sector's middle half▼ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €393,725
Fixed assets
€298,200 ▼ 5.2%
Current assets
€95,525 ▼ 37.8%
Equity and liabilities €393,725
Equity
€21,613 ▼ 7.5%
Debt
€372,112 ▼ 16.3%
Debt's share of the balance-sheet total falls from 95.0% to 94.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€37,462▼
2024 · €49,963
Cash flow
€30,576▼
2024 · €39,980
Debt to equity
17.22▼
2024 · 19.04
ROE
61.3%▼
2024 · 90.5%
Interest coverage
38.39▲
2024 · 24.70
Debt ≤ 1 year
€209,741▼
2024 · €221,694
Debt > 1 year
€134,000▼
2024 · €195,000
Income taxes
€5,911▼
2024 · €8,112
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.6%
went bankrupt
2.7%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,251 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €393 | €80 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,860 | €14,659 | €17,202 | €18,838 | €17,319 | ▼ 8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,043 | - | -€1,043 | - | - |
| Other operating charges640/8 | - | €2,777 | €476 | €1,693 | €387 | ▼ 77.1% |
| Gross operating margin9900 | €9,287 | €61,630 | €18,392 | €50,612 | €37,849 | ▼ 25.2% |
| Operating profit (loss)9901 | -€3,487 | €42,759 | €634 | €31,125 | €20,143 | ▼ 35.3% |
| Financial income75/76B | - | - | - | €152 | €1 | ▼ 99.3% |
| Recurring financial income75 | €0 | - | - | €152 | €1 | ▼ 99.3% |
| Financial charges65/66B | - | €9,139 | €9,305 | €2,022 | €976 | ▼ 51.7% |
| Recurring financial charges65 | €8,068 | €9,139 | €9,305 | €2,022 | €976 | ▼ 51.7% |
| Profit (loss) for the period before taxes9903 | -€11,554 | €33,620 | -€8,670 | €29,254 | €19,168 | ▼ 34.5% |
| Income taxes67/77 | €39 | €9,150 | €7,615 | €8,112 | €5,911 | ▼ 27.1% |
| Profit (loss) for the period9904 | -€11,593 | €24,470 | -€16,285 | €21,142 | €13,257 | ▼ 37.3% |
| Profit (loss) for the period to be appropriated9905 | -€11,593 | €24,470 | -€16,285 | €21,142 | €13,257 | ▼ 37.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €468,203 | €374,040 | €442,291 | €468,034 | €393,725 | ▼ 15.9% |
| Fixed assets21/28 | €284,057 | €320,850 | €320,278 | €314,496 | €298,200 | ▼ 5.2% |
| Tangible fixed assets22/27 | €283,757 | €320,550 | €319,978 | €314,196 | €297,900 | ▼ 5.2% |
| Plant, machinery and equipment23 | - | €483 | €4,082 | €2,880 | €1,920 | ▼ 33.3% |
| Furniture and vehicles24 | - | €9,899 | €6,799 | €9,997 | €7,722 | ▼ 22.8% |
| Other tangible fixed assets26 | - | €310,168 | €309,097 | €301,319 | €288,259 | ▼ 4.3% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €184,146 | €53,190 | €122,013 | €153,538 | €95,525 | ▼ 37.8% |
| Amounts receivable within one year40/41 | €129,628 | €51,532 | €103,617 | €137,829 | €75,482 | ▼ 45.2% |
| Trade receivables40 | - | €50,138 | €98,874 | €137,249 | €75,482 | ▼ 45.0% |
| Other amounts receivable41 | - | €1,394 | €4,743 | €580 | - | - |
| Cash at bank and in hand54/58 | €53,086 | €226 | €15,192 | €12,170 | €19,095 | ▲ 56.9% |
| Deferred charges and accrued income490/1 | - | €1,433 | €3,205 | €3,539 | €947 | ▼ 73.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €468,203 | €374,040 | €442,291 | €468,034 | €393,725 | ▼ 15.9% |
| Equity10/15 | €72,830 | €33,500 | €17,214 | €23,356 | €21,613 | ▼ 7.5% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €58,570 | €13,040 | -€3,246 | €2,896 | €1,153 | ▼ 60.2% |
| Amounts payable17/49 | €395,373 | €340,541 | €425,077 | €444,678 | €372,112 | ▼ 16.3% |
| Amounts payable after more than one year17 | €195,000 | €195,000 | €195,000 | €195,000 | €134,000 | ▼ 31.3% |
| Financial debts170/4 | - | €195,000 | €195,000 | €195,000 | €134,000 | ▼ 31.3% |
| Amounts payable within one year42/48 | €172,926 | €110,294 | €187,030 | €221,694 | €209,741 | ▼ 5.4% |
| Trade debts44 | €23,528 | €35,412 | €49,665 | €53,374 | €31,317 | ▼ 41.3% |
| Suppliers440/4 | - | €35,412 | €49,665 | €53,374 | €31,317 | ▼ 41.3% |
| Taxes, remuneration and social security45 | - | €15,227 | €16,765 | €16,865 | €11,158 | ▼ 33.8% |
| Taxes450/3 | - | €14,863 | €16,765 | €16,865 | €11,158 | ▼ 33.8% |
| Remuneration and social security454/9 | - | €364 | - | - | - | - |
| Other amounts payable47/48 | - | €59,655 | €120,599 | €151,454 | €167,265 | ▲ 10.4% |
| Accrued charges and deferred income492/3 | - | €35,247 | €43,047 | €27,984 | €28,371 | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,593 | €24,470 | -€16,285 | €21,142 | €13,257 | ▼ 37.3% |
| + Depreciation and write-downs630 | €11,860 | €14,659 | €17,202 | €18,838 | €17,319 | ▼ 8.1% |
| Operating cash flow (approximation) | €267 | €39,128 | €916 | €39,980 | €30,576 | ▼ 23.5% |
| Investment in fixed assets (approximation) | - | -€51,452 | -€16,629 | -€13,056 | -€1,023 | ▲ 92.2% |
| Change in cash | - | -€52,860 | €14,966 | -€3,022 | €6,925 | ▲ 329% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
30-06
Financial
Back to profitnet €21,142
Net result €21,142 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€16,285
Net result drops to -€16,285, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €24,470
Net result €24,470 after 2 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2016
Ground area
151 m²
Building footprint
89 m²
Volume, LiDAR
979 m³
Parcel 21447B0276/00B006, Brussels · tallest building 18.3 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ADM CONCEPT
since 20162.278.605.521
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0276/00B006 | Brussels | 151 m² | 1 · 89 m² | 18.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 31,444 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-12-2016
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0667968031
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.