Skip to content
Checked.be
Complete company report
Generated 02-08-2026
Active BE 0752.912.218Private limited company

ADMORE SERVICES

Kluizendijkstraat(SGW) 11C ·9170 Sint-Gillis-Waas, Belgium· 5 yrs active
Sector: NACE 82100 (82100)
Conclusion Checked

The computed 12-month bankruptcy probability of ADMORE SERVICES is 0.8% (low). The 2025 annual accounts show equity of €3k and a net result of €347. Equity is shrinking by ~36% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 12% of 1070 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €3k
Net result €347
Staff (FTE) 3.9
Better than sector 12%
Snowflake analysis 5 axes · computed by Checked
Health44Profitability50Solvency12Growth32Stability94
46 / 100

Mixed profile: strong on stability, weaker on solvency.

Health 44
Profitability 50
Solvency 12
Growth 32
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
0.8% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
44 / 100 Weak
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 02-04-2026 with the NBB · fiscal year 2025 · micro
€-40k€-20k€0€20kOperating result 2021: €14k€14kNet result 2021: €9k€9kOperating result 2022: €10k€10kNet result 2022: €4k€4kOperating result 2023: €-22k€-22kNet result 2023: €-27k€-27kOperating result 2024: €893€893Net result 2024: €-8k€-8kOperating result 2025: €4k€4kNet result 2025: €347€34720212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining At this pace, equity would indicatively turn negative around fiscal year 2026, assuming unchanged policy.
€-20k€-10k€0€10k€20k2026: €-2k (€-5k - €2k)2027: €-5k (€-11k - €899)2028: €-8k (€-16k - €-109)2021: €14k2022: €18k2023: €-9k2024: €3k2025: €3k20212022202320242025202620272028
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 2025 · NACE 82 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 2.5% 51.1%
better than 12% of 1070 sector peers
Net result €347 €25k
better than 17% of 1070 sector peers
Equity €3k €51k
better than 16% of 1071 sector peers
Gross operating margin €276k €46k
better than 95% of 1070 sector peers
Staff costs €258k €16k
higher than 95% of 133 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€14k
+60.2% +193% vs sector
Net profit
€347
- far above sector median
Cash flow
€10k
- far above sector median
Total assets
€140k
+3.6% +8% vs sector
Equity
€3k
+11.1% -90% vs sector
Working capital
€-6k
- +18% vs sector
Employees (FTE)
4
+11.4% 21-25
Staff costs
€258k
+69.9% 21-25
Income taxes
€169
-41.4% -98% vs sector
Debt
€137k
+3.4% +38% vs sector
Debt ≤ 1y
€103k
+24.0% +92% vs sector
Debt > 1y
€34k
-28.5% -44% vs sector
Current ratio
0.94
-24.4% +3% vs sector
Quick ratio
0.94
-24.4% +3% vs sector
Solvency
2.5%
+7.2% -90% vs sector
Debt / equity
39.38
-6.9% far above sector median
ROE
10.0%
- far above sector median
ROA
0.2%
- far above sector median
Interest coverage
2.06
+105.5% -37% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€14k
Net profit€347
Cash flow€10k
Staff costs€258k
Income taxes€169
Dividends-
Total assets€140k
Equity€3k
Debt€137k
of which ≤ 1y€103k
of which > 1y€34k
Working capital€-6k
Employees (FTE)3.9
Ratios (computed)
2025
Current ratio0.94
Quick ratio0.94
Working capital ratio-4.1%
Solvency2.5%
Debt / equity39.38
Long-term debt ratio9.80
Interest coverage2.06
Gross margin-
Net margin-
ROA0.2%
ROE10.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€140k
Fixed assets 21/28€43k
Intangible fixed assets 21€19k
Tangible fixed assets 22/27€21k
Financial fixed assets 28€3k
Current assets 29/58€97k
Amounts receivable within one year 40/41€69k
Cash & bank 54/58€17k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€140k
Equity 10/15€3k
Contributions / capital 10/11€25k
Reserves 13€13k
Accumulated profits (losses) 14€-35k
Amounts payable 17/49€137k
Amounts payable after one year 17€34k
Amounts payable within one year 42/48€103k
Trade debts payable within one year 44€35k
Income statement
Gross operating margin 9900€276k
Operating result 9901€4k
Financial income 75€3k
Financial charges 65€7k
Result before taxes 9903€516
Income taxes 67/77€169
Net result for the period 9904€347
Result to be appropriated 9905€347
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • FramefoxLegal entity
    Director· perm. rep.: DE BROUWER Kristien
    State Gazette act 24419161 (26-07-2024)
    Current
    18-06-2024 → present
  • ME4ULegal entity
    Director· perm. rep.: GALLE Veerle
    State Gazette act 24419161 (26-07-2024)
    Current
    18-06-2024 → present
Former directors (1)
  • GALLE Veerle
    Director
    State Gazette act 24419161 (26-07-2024)
    Former
    - → 18-06-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary 82100
Legal form Private limited company(610)
Incorporation25-08-2020
StatusActive
Postal code9170
Connections & network 2 connected companies
Group structure
Framefox
Parent · 1 subsidiary · 1 location
Control→
ME4U
Parent · 1 subsidiary · 1 location
Control→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Establishment units 1 location
Kluizendijkstraat(SGW) 11, 9170 Sint-Gillis-Waas
Managementsactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.
since 20222.332.513.567
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels 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 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46020A0976/00F003 Flanders 1,785 m² 1 · 168 m² -
46020A0976/00B003 Flanders 727 m² 1 · 98 m² 9.1 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 9 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
02-04-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
2025
12-12-2025
State Gazette act Capital & shares
v3.2
18-08-2025
State Gazette act Statutes amendment
v3.2
06-05-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
30-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
26-07-2024
State Gazette act Statutes amendment
v3.2
2023
23-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
16-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2020
27-08-2020
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 4 acts
Capital history · 1
12-12-2025
v3.2
All acts · 4 updated 7 months ago
2025
12-12-2025 Transaction in capital or shares Capital & shares
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0752.912.218",
    "name_full": "ADMORE SERVICES",
    "legal_form": "BV"
  }
}
18-08-2025 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": true,
    "object_change": true,
    "effective_date": "2025-07-22",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0752.912.218",
    "name_full": "ADMORE SERVICES",
    "legal_form": "BV"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2024
26-07-2024 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2024-06-18",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0752.912.218",
    "name_full": "ADMORE SERVICES",
    "legal_form": "BV"
  },
  "signature_regime": "solo",
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2020
27-08-2020 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "9170 Sint-Gillis-Waas, Kluizendijkstraat 45",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "GALLE Veerle Mathilde Gustaaf",
        "niss": null,
        "address": "9170 Sint-Gillis-Waas, Kluizendijkstraat 45"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 5000,
      "holder_person_name": "GALLE Veerle Mathilde Gustaaf",
      "is_subscriber_only": true,
      "n_shares_subscribed": 100,
      "amount_subscribed_eur": 5000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 5000,
  "subject_company": {
    "kbo": "0752.912.218",
    "name_full": "ADMORE SERVICES",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2020-08-24",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE) Crossroads Bank
Activities
Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110Fotokopiëren, documentvoorbereiding en andere gespecialiseerde ondersteunende activiteiten ten behoeve van kantoren82190Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL ADMORE SERVICES
Registered office
Kluizendijkstraat(SGW) 11C bus 1
9170 Sint-Gillis-Waas, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same NACE
ARTEMIS BE 0452.353.956 · Ans
Services et Extension BE 0414.349.554 · Gembloux
SOLUTIONS DIRECT BE 0446.462.987 · Asse
KEE BE 0450.168.486 · Kalmthout
JOHIBO BE 0426.520.381 · Lennik
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative