ADMIRAL
ActiveSummary
ADMIRAL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €168k and a net result of €-12k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 3022 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability65▲+2
Solvency71▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.16 in 2023; short-term debt: 54% and cash: 8.8% of total assets), and 54% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
46%
Return on assets
-3.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-12k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d late
2023
47 d early
2022
7 d late
2021
25 d late
2020
31 d late
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€168k▼ 6.7%
2023 · €180k
2018: €252k
2019: €238k
2020: €229k
2021: €215k
2022: €199k
2023: €180k
2018 → 2024
Total assets
€366k▼ 3.2%
2023 · €378k
2018: €409k
2019: €425k
2020: €435k
2021: €422k
2022: €395k
2023: €378k
2018 → 2024
Net result
€-12k▲ 34.5%
2023 · €-18k
2018: €7k
2019: €-14k
2020: €-9k
2021: €-15k
2022: €-16k
2023: €-18k
2018 → 2024
Working capital
€-160k▲ 3.8%
2023 · €-166k
2018: €-136k
2019: €-170k
2020: €-190k
2021: €-180k
2022: €-172k
2023: €-166k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€229k-€215k▼ 6.4%€199k▼ 7.5%€180k▼ 9.2%€168k▼ 6.7%
Operating result€-11k-€-14k▼ 28.5%€-15k▼ 10.9%€-18k▼ 15.0%€-11k▲ 36.7%
Net result€-9k-€-15k▼ 70.4%€-16k▼ 10.0%€-18k▼ 14.4%€-12k▲ 34.5%
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 €11k in 2024 against €18k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €366k
Fixed assets
€328k ▼ 5.3%
Current assets
€38k ▲ 19.9%
Equity and liabilities €366k
Equity
€168k ▼ 6.7%
Debt
€197k =
Debt's share of the balance-sheet total rises from 52.3% to 54.0%. Equity is lower.
Key figures and ratios
EBITDA
€7k▼
2023 · €8k
Cash flow
€6k▼
2023 · €8k
Current ratio
0.19▲
2023 · 0.16
Debt to equity
1.17▲
2023 · 1.10
ROE
-7.2%▲
2023 · -10.2%
ROA
-3.3%▲
2023 · -4.9%
Interest coverage
46.07▼
2023 · 54.11
Debt ≤ 1 year
€197k=
2023 · €197k
Income taxes
€702▲
2023 · €581
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€378k€366k▼
Fixed assets21/28€346k€328k▼
Tangible fixed assets22/27€346k€328k▼
Land and buildings22€332k€322k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€11k€4k▼
Current assets29/58€31k€38k▲
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40€197€257▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€26k€32k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€378k€366k▼
Equity10/15€180k€168k▼
Contributions10/11€20k€20k=
Reserves13€160k€148k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€153k€141k▼
Amounts payable17/49€197k€197k=
Amounts payable within one year42/48€197k€197k=
Trade debts44€705€928▲
Suppliers440/4€705€928▲
Taxes, remuneration and social security45€45€115▲
Taxes450/3€45€115▲
Other amounts payable47/48€197k€196k▼
Accrued charges and deferred income492/3€36-
Income statement
Code20232024
Remuneration, social security and pensions62€53-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€18k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€12k€11k▼
Operating profit (loss)9901€-18k€-11k▲
Financial income75/76B€9-
Recurring financial income75€9-
Financial charges65/66B€154€155▲
Recurring financial charges65€154€155▲
Profit (loss) for the period before taxes9903€-18k€-11k▲
Income taxes67/77€581€702▲
Profit (loss) for the period9904€-18k€-12k▲
Profit (loss) for the period to be appropriated9905€-18k€-12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-12k▲
Transfer from equity791/2€18k€12k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Heers · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nieuwe Steenweg(H.) 2493870 HeersGround area
858 m²
Building footprint
177 m²
Volume, LiDAR
961 m³
Parcel 73021A0182/00E000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwe Steenweg(H.) 249, 3870 Heers
since 20012.100.221.333
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73021A0182/00E000 | Flanders | 858 m² | 1 · 177 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Fortis Solis
BE 0408.112.058
Deinze · Eq €168k
KONINKLIJKE OLYMPIA S.C. WIJGMAAL
BE 0430.469.469
Leuven · Eq €172k
F.C. Schepdaal
BE 0442.484.702
Dilbeek · Eq €157k
DE SPOR
BE 0460.214.916
Hasselt · Eq €155k
KONINKLIJKE SPORTING CLUB CITY PIRATES
BE 0406.471.570
Antwerpen · Eq €152k
Of 1,396 companies in sector 93121 we hold annual accounts for 151. 102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
93121Football clubs
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.