ADMANCO
ActiveSummary
ADMANCO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€160,968) and a net result of -€7,784. Equity is shrinking by ~5.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.05 in 2024; short-term debt: 10.7% and cash: 0.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-468.2%
Return on assets
-22.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€160,968
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
25 d late
2023
29 d late
2022
7 d early
2021
26 d late
2020
6 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 20 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
-€160,968▼ 5.1%
2024 · -€153,184
Total assets
€34,378▼ 7.5%
2024 · €37,178
Net result
-€7,784▼ 16.2%
2024 · -€6,698
Working capital
-€3,370▲ 3.6%
2024 · -€3,496
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,655▲ 48.4%-€10,638▼ 301%-€9,091▲ 14.5%-€6,637▲ 27.0%-€7,706▼ 16.1%
Net result-€2,700▲ 47.5%-€10,686▼ 296%-€9,146▲ 14.4%-€6,698▲ 26.8%-€7,784▼ 16.2%
Equity-€126,655▼ 2.2%-€137,340▼ 8.4%-€146,486▼ 6.7%-€153,184▼ 4.6%-€160,968▼ 5.1%
Total assets€46,827▼ 5.0%€43,991▼ 6.1%€40,969▼ 6.9%€37,178▼ 9.3%€34,378▼ 7.5%
Debt€173,482▲ 0.1%€181,331▲ 4.5%€187,456▲ 3.4%€190,362▲ 1.6%€195,346▲ 2.6%
Working capital-€2,456▲ 26.5%-€2,065▲ 15.9%-€1,855▲ 10.2%-€3,496▼ 88.5%-€3,370▲ 3.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,706 in 2025 against €6,637 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34,378
Fixed assets
€34,081 ▼ 7.9%
Current assets
€297 ▲ 75.3%
Key figures and ratios
EBITDA
-€4,706▼
2024 · -€3,561
Cash flow
-€4,785▼
2024 · -€3,622
Solvency
-468.2%▼
2024 · -412.0%
Current ratio
0.08▲
2024 · 0.05
Debt to equity
-1.21▲
2024 · -1.24
ROA
-22.6%▼
2024 · -18.0%
Interest coverage
-60.10▼
2024 · -58.38
Debt ≤ 1 year
€3,666=
2024 · €3,665
Debt > 1 year
€191,680▲
2024 · €186,697
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,639 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,157 | €3,233 | €3,233 | €3,075 | €3,000 | ▼ 2.5% |
| Other operating charges640/8 | €2,394 | €2,421 | €2,561 | €2,674 | €2,683 | ▲ 0.4% |
| Gross operating margin9900 | €2,896 | -€4,984 | -€3,298 | -€888 | -€2,023 | ▼ 128% |
| Operating profit (loss)9901 | -€2,655 | -€10,638 | -€9,091 | -€6,637 | -€7,706 | ▼ 16.1% |
| Financial charges65/66B | €45 | €48 | €55 | €61 | €78 | ▲ 28.4% |
| Recurring financial charges65 | €45 | €48 | €55 | €61 | €78 | ▲ 28.4% |
| Profit (loss) for the period before taxes9903 | -€2,700 | -€10,686 | -€9,146 | -€6,698 | -€7,784 | ▼ 16.2% |
| Profit (loss) for the period9904 | -€2,700 | -€10,686 | -€9,146 | -€6,698 | -€7,784 | ▼ 16.2% |
| Profit (loss) for the period to be appropriated9905 | -€2,700 | -€10,686 | -€9,146 | -€6,698 | -€7,784 | ▼ 16.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,827 | €43,991 | €40,969 | €37,178 | €34,378 | ▼ 7.5% |
| Fixed assets21/28 | €46,473 | €43,240 | €40,008 | €37,008 | €34,081 | ▼ 7.9% |
| Tangible fixed assets22/27 | €45,609 | €42,377 | €39,144 | €36,069 | €33,069 | ▼ 8.3% |
| Land and buildings22 | €45,067 | €42,068 | €39,068 | €36,069 | €33,069 | ▼ 8.3% |
| Furniture and vehicles24 | €542 | €309 | €76 | €0 | €0 | - |
| Financial fixed assets28 | €864 | €864 | €864 | €940 | €1,012 | ▲ 7.7% |
| Current assets29/58 | €354 | €751 | €961 | €169 | €297 | ▲ 75.3% |
| Cash at bank and in hand54/58 | €354 | €751 | €961 | €169 | €297 | ▲ 75.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,827 | €43,991 | €40,969 | €37,178 | €34,378 | ▼ 7.5% |
| Equity10/15 | -€126,655 | -€137,340 | -€146,486 | -€153,184 | -€160,968 | ▼ 5.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | - | - | - | €18,592 | - | - |
| Share premium1100/10 | - | - | - | €18,592 | - | - |
| Reserves13 | €21,407 | €21,407 | €21,407 | €21,407 | €21,407 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €19,548 | €19,548 | €21,407 | €21,407 | €21,407 | = |
| Profit (loss) carried forward14 | -€166,654 | -€177,339 | -€186,486 | -€193,183 | -€200,967 | ▼ 4.0% |
| Amounts payable17/49 | €173,482 | €181,331 | €187,456 | €190,362 | €195,346 | ▲ 2.6% |
| Amounts payable after more than one year17 | €170,672 | €178,515 | €184,639 | €186,697 | €191,680 | ▲ 2.7% |
| Other amounts payable178/9 | €170,672 | €178,515 | €184,639 | €186,697 | €191,680 | ▲ 2.7% |
| Amounts payable within one year42/48 | €2,809 | €2,816 | €2,816 | €3,665 | €3,666 | = |
| Trade debts44 | €904 | €911 | €911 | €1,760 | €1,761 | ▲ 0.1% |
| Suppliers440/4 | €904 | €911 | €911 | €1,760 | €1,761 | ▲ 0.1% |
| Taxes, remuneration and social security45 | €1,905 | €1,905 | €1,905 | €1,905 | €1,905 | = |
| Taxes450/3 | €1,905 | €1,905 | €1,905 | €1,905 | €1,905 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,700 | -€10,686 | -€9,146 | -€6,698 | -€7,784 | ▼ 16.2% |
| + Depreciation and write-downs630 | €3,157 | €3,233 | €3,233 | €3,075 | €3,000 | ▼ 2.5% |
| Operating cash flow (approximation) | €456 | -€7,453 | -€5,914 | -€3,622 | -€4,785 | ▼ 32.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€76 | -€72 | ▲ 5.3% |
| Change in cash | - | €397 | €211 | -€792 | €127 | ▲ 116% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€10,686
Net result drops to -€10,686, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Schoten · 1 establishment unit since 1986
Ground area
1,217 m²
Building footprint
146 m²
Volume, LiDAR
834 m³
Parcel 11040D0267/00V002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADMANCO
since 19862.034.432.072
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0267/00V002 | Flanders | 1,217 m² | 1 · 146 m² | 8.2 m · 2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded14-11-1986
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429797892
Registered
16-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.