ADMODUM
ActiveSummary
ADMODUM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €125,752. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 72% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+21
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 13.37 against 15.63 in 2024; short-term debt: 5.5% and cash: 1.2% of total assets), and 23.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.4%
Return on assets
4.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-10-2025, 16 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
16 d early
2024
19 d late
2023
on the day
2022
3 d late
2021
60 d late
2020
17 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 12 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2.0m▲ 6.8%
2024 · €1.8m
Total assets
€2.6m▲ 6.4%
2024 · €2.4m
Net result
€125,752▼ 22.7%
2024 · €162,609
Working capital
€1.7m▲ 5.1%
2024 · €1.7m
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€664,840▲ 84.7%€145,161▼ 78.2%€133,140▼ 8.3%€105,468▼ 20.8%€161,286▲ 52.9%
Net result€556,584▲ 170%€302,688▼ 45.6%€36,798▼ 87.8%€162,609▲ 342%€125,752▼ 22.7%
Equity€1.3m▲ 71.2%€1.6m▲ 22.6%€1.7m▲ 2.2%€1.8m▲ 9.7%€2.0m▲ 6.8%
Total assets€1.6m▲ 64.8%€1.7m▲ 12.1%€2.3m▲ 30.1%€2.4m▲ 6.8%€2.6m▲ 6.4%
Debt€214,042▲ 33.6%€99,825▼ 53.4%€586,808▲ 488%€578,636▼ 1.4%€607,203▲ 4.9%
Working capital€1.3m▲ 68.0%€1.6m▲ 23.4%€1.6m▼ 0.5%€1.7m▲ 3.7%€1.7m▲ 5.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +342% on 2023. The accounts now follow the micro schema, last year the abbreviated schema.
- 2023 Net result -88% on 2022. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 53% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€691,209 ▲ 6.6%
Current assets
€1.9m ▲ 6.3%
Equity and liabilities €2.6m
Equity
€2.0m ▲ 6.8%
Debt
€607,203 ▲ 4.9%
Debt's share of the balance-sheet total falls from 23.9% to 23.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€182,738▲
2024 · €122,768
Cash flow
€147,205▼
2024 · €179,909
Current ratio
13.37▼
2024 · 15.63
Debt to equity
0.31▼
2024 · 0.31
ROE
6.4%▼
2024 · 8.8%
ROA
4.9%▼
2024 · 6.7%
Interest coverage
11.38▲
2024 · -1.18
Debt ≤ 1 year
€140,788▲
2024 · €113,248
Debt > 1 year
€458,216▼
2024 · €461,440
Income taxes
€51,844▼
2024 · €59,328
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,637 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 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% | 1.6% |
| 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 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 1,637 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,747 | €3,099 | €19,546 | €17,301 | €21,453 | ▲ 24.0% |
| Other operating charges640/8 | - | €2,325 | €2,855 | €2,568 | €3,188 | ▲ 24.1% |
| Gross operating margin9900 | €669,450 | €150,585 | €155,542 | €125,336 | €185,926 | ▲ 48.3% |
| Operating profit (loss)9901 | €664,840 | €145,161 | €133,140 | €105,468 | €161,286 | ▲ 52.9% |
| Financial income75/76B | - | €284,420 | €15,633 | €12,757 | €32,365 | ▲ 154% |
| Recurring financial income75 | €15,007 | €284,420 | €15,633 | €12,757 | €32,365 | ▲ 154% |
| Financial charges65/66B | - | €50,964 | €87,969 | -€103,713 | €16,055 | ▲ 115% |
| Recurring financial charges65 | -€41,707 | €50,964 | €87,969 | -€103,713 | €16,055 | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €721,555 | €378,617 | €60,805 | €221,937 | €177,596 | ▼ 20.0% |
| Income taxes67/77 | €164,971 | €75,929 | €24,007 | €59,328 | €51,844 | ▼ 12.6% |
| Profit (loss) for the period9904 | €556,584 | €302,688 | €36,798 | €162,609 | €125,752 | ▼ 22.7% |
| Transfer from tax-exempt reserves789 | - | - | €72,980 | €195,720 | €0 | ▼ 100% |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €303,984 | €302,688 | €109,778 | €358,329 | €125,752 | ▼ 64.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.7m | €2.3m | €2.4m | €2.6m | ▲ 6.4% |
| Fixed assets21/28 | €59,060 | €33,956 | €495,823 | €648,533 | €691,209 | ▲ 6.6% |
| Tangible fixed assets22/27 | €4,750 | €3,646 | €465,513 | €499,145 | €526,873 | ▲ 5.6% |
| Land and buildings22 | - | - | €455,772 | €488,897 | €477,592 | ▼ 2.3% |
| Plant, machinery and equipment23 | - | €3,646 | €1,244 | €2,896 | €6,634 | ▲ 129% |
| Furniture and vehicles24 | - | €0 | €8,498 | €7,352 | €4,906 | ▼ 33.3% |
| Leasing and similar rights25 | - | - | - | - | €37,741 | - |
| Financial fixed assets28 | €54,310 | €30,310 | €30,310 | €149,388 | €164,336 | ▲ 10.0% |
| Current assets29/58 | €1.5m | €1.7m | €1.8m | €1.8m | €1.9m | ▲ 6.3% |
| Amounts receivable after more than one year29 | - | €79,000 | €99,078 | €0 | €150,000 | - |
| Other amounts receivable291 | - | €79,000 | €99,078 | €0 | €150,000 | - |
| Amounts receivable within one year40/41 | €32,652 | €67,862 | €116,531 | €50,005 | €52,400 | ▲ 4.8% |
| Trade receivables40 | - | €67,134 | €41,610 | €33,186 | €52,349 | ▲ 57.7% |
| Other amounts receivable41 | - | €729 | €74,921 | €16,819 | €50 | ▼ 99.7% |
| Current investments50/53 | €1.3m | €1.6m | €1.5m | €1.6m | €1.6m | ▲ 1.3% |
| Cash at bank and in hand54/58 | €57,426 | €3,541 | €67,737 | €107,190 | €31,362 | ▼ 70.7% |
| Deferred charges and accrued income490/1 | - | €4,663 | €2,426 | €2,110 | €15,515 | ▲ 635% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.7m | €2.3m | €2.4m | €2.6m | ▲ 6.4% |
| Equity10/15 | €1.3m | €1.6m | €1.7m | €1.8m | €2.0m | ▲ 6.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1.3m | €1.6m | €1.7m | €1.8m | €1.9m | ▲ 6.9% |
| 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 | = |
| Tax-exempt reserves132 | - | €413,750 | €340,770 | €145,050 | €145,050 | = |
| Distributable reserves133 | - | €1.2m | €1.3m | €1.7m | €1.8m | ▲ 7.5% |
| Amounts payable17/49 | €214,042 | €99,825 | €586,808 | €578,636 | €607,203 | ▲ 4.9% |
| Amounts payable after more than one year17 | - | - | €414,893 | €461,440 | €458,216 | ▼ 0.7% |
| Financial debts170/4 | - | - | €414,893 | €461,440 | €458,216 | ▼ 0.7% |
| Amounts payable within one year42/48 | €191,125 | €99,825 | €170,494 | €113,248 | €140,788 | ▲ 24.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €25,861 | €38,296 | ▲ 48.1% |
| Financial debts43 | - | €0 | - | - | €1,528 | - |
| Credit institutions430/8 | - | €0 | - | - | €1,528 | - |
| Trade debts44 | €1,705 | €9,140 | €105,641 | €7,118 | €16,478 | ▲ 131% |
| Suppliers440/4 | - | €9,140 | €105,641 | €7,118 | €16,478 | ▲ 131% |
| Taxes, remuneration and social security45 | - | €56,250 | €25,186 | €38,423 | €39,134 | ▲ 1.9% |
| Taxes450/3 | - | €50,765 | €25,186 | €35,859 | €39,134 | ▲ 9.1% |
| Remuneration and social security454/9 | - | €5,485 | €0 | €2,564 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €34,435 | €39,667 | €41,846 | €45,353 | ▲ 8.4% |
| Accrued charges and deferred income492/3 | - | €0 | €1,421 | €3,948 | €8,199 | ▲ 108% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €556,584 | €302,688 | €36,798 | €162,609 | €125,752 | ▼ 22.7% |
| + Depreciation and write-downs630 | €2,747 | €3,099 | €19,546 | €17,301 | €21,453 | ▲ 24.0% |
| Operating cash flow (approximation) | €559,331 | €305,787 | €56,344 | €179,909 | €147,205 | ▼ 18.2% |
| Investment in fixed assets (approximation) | - | €22,005 | -€481,414 | -€170,010 | -€64,129 | ▲ 62.3% |
| Change in cash | - | -€53,885 | €64,196 | €39,453 | -€75,828 | ▼ 292% |
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
2025
06-11
State Gazette act
General meeting · Capital increase
Share issue · Capital · Yorik DESMYTTERE
15-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
25-10
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
31-03
Financial
Weakest financial yearnet €36,798 ▼87.8%
Net result drops to €36,798, the lowest in the series; recovery starts the following year.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
31-03
Financial
Liquidity doublescurrent ratio 17.10
Current ratio from 7.81 to 17.10; short-term debt falls from €191,125 to €99,825.
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
17-12
State Gazette act
General meeting · Capital decrease
Capital · Director resignation
21-06
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
31-03
Financial
Highest result since 2019net €556,584 ▲170%
Operating result €664,840, net result €556,584, both a record.
Show earlier events
31-03
Financial
Equity above €1mEq €1.3m ▲71.2%
3 profitable years in a row build equity to €1.3m.
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Nazareth · 1 establishment unit since 2017
Ground area
4.5 ha
Building footprint
5,261 m²
Volume, LiDAR
20,367 m³
2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADMODUM
since 20172.263.649.606
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018B0710/00A000 | Flanders | 3.2 ha | 1 · 4,009 m² | 10.8 m · 1 fl. |
| 44018C0230/00C003 | Flanders | 1.3 ha | 1 · 1,251 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Niko
Shared director
→
Niko Belgium
Shared director
→
Ownership & control
2 board mandatesSimilar companies · same sector, comparable size
GEPEC
BE 0567.566.301
Wasseiges · Eq €1,966,211
YVEJO
BE 0835.655.691
Dentergem · Eq €1,964,274
C.P. SERVICES
BE 0480.265.905
Mouscron · Eq €1,967,655
FRASSIMO
BE 0464.225.271
Knokke-Heist · Eq €1,967,791
C0089
BE 0508.727.089
Koksijde · Eq €1,967,827
Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 20,370 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
Founded07-04-2017
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
43211General electrical installation work
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
68321Property management for co-owned buildings (syndics)
85531Driving schools for cars and motorcycles
93199Other sports activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674369734
Also
9925:BE0674369734
Registered
18-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.