ADN CONCEPT
ActiveSummary
ADN CONCEPT has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,162 and a net result of €21,154. Equity remains stable across the filed financial years (±0.1% per year). Its solvency ranks better than 53% of 1,114 sector peers (NACE 18, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €130,162
- Profit
- €21,154
- STILMANT Frédéric Christian Julien GhislainDirector
Why 92raises riskSize: total assets €241,117Sector: Printing and reproduction of recorded media (NACE 18)lowers riskFounded in 2009Liquidity: current ratio 2.84, cash €27,864Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 18, micro): better than 55% on solvency, 55% on liquidity, 66% on profitability and 74% on growth.
The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 9 days after the deadline; the sector median (NACE 18) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €21,154 ▲13.3%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 18, Printing and reproduction of recorded media: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
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 497,473 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 74.5% 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 34,695 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €33,723 | €36,601 | €34,777 | €39,417 | ▲ 13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,669 | €19,033 | €17,222 | €16,470 | €20,921 | €21,630 | €19,119 | ▼ 11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €3,054 | - | - |
| Other operating charges640/8 | - | - | - | €5,821 | €4,239 | €10,518 | €5,392 | ▼ 48.7% |
| Gross operating margin9900 | €73,868 | €68,542 | €91,662 | €64,615 | €47,266 | €96,219 | €92,403 | ▼ 4.0% |
| Operating profit (loss)9901 | €21,979 | €3,205 | €4,963 | €8,602 | -€14,496 | €26,240 | €28,476 | ▲ 8.5% |
| Financial income75/76B | - | - | - | €20 | €10 | €19 | €26 | ▲ 34.9% |
| Recurring financial income75 | €2,747 | €2,673 | €2,814 | €20 | €10 | €19 | €26 | ▲ 34.9% |
| Financial charges65/66B | - | - | - | €5,356 | €6,189 | €5,714 | €5,233 | ▼ 8.4% |
| Recurring financial charges65 | €6,678 | €6,075 | €5,654 | €5,356 | €6,189 | €5,714 | €5,233 | ▼ 8.4% |
| Profit (loss) for the period before taxes9903 | €18,048 | -€197 | €2,122 | €3,265 | -€20,675 | €20,546 | €23,269 | ▲ 13.3% |
| Income taxes67/77 | €5,488 | - | - | - | €0 | €1,868 | €2,115 | ▲ 13.3% |
| Profit (loss) for the period9904 | €12,560 | -€197 | €2,122 | €3,265 | -€20,675 | €18,678 | €21,154 | ▲ 13.3% |
| Profit (loss) for the period to be appropriated9905 | €12,560 | -€197 | €2,122 | €3,265 | -€20,675 | €18,678 | €21,154 | ▲ 13.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €249,871 | €241,331 | €241,019 | €253,573 | €250,361 | €228,674 | €241,117 | ▲ 5.4% |
| Fixed assets21/28 | €121,076 | €118,765 | €105,369 | €128,974 | €154,350 | €132,720 | €115,716 | ▼ 12.8% |
| Intangible fixed assets21 | €7,905 | €5,827 | €3,749 | €1,989 | €388 | - | - | - |
| Tangible fixed assets22/27 | €112,896 | €112,663 | €101,165 | €126,530 | €153,506 | €132,265 | €115,261 | ▼ 12.9% |
| Land and buildings22 | - | - | - | €85,553 | €85,987 | €81,115 | €76,648 | ▼ 5.5% |
| Plant, machinery and equipment23 | - | - | - | €33,058 | €47,276 | €38,422 | €29,769 | ▼ 22.5% |
| Furniture and vehicles24 | - | - | - | €3,199 | €2,355 | €1,973 | €2,866 | ▲ 45.2% |
| Leasing and similar rights25 | - | - | - | €4,720 | €17,889 | €10,754 | €5,979 | ▼ 44.4% |
| Financial fixed assets28 | €275 | €275 | €455 | €455 | €455 | €455 | €455 | = |
| Current assets29/58 | €128,796 | €122,566 | €135,650 | €124,599 | €96,011 | €95,954 | €125,401 | ▲ 30.7% |
| Stocks and contracts in progress3 | €16,352 | €11,499 | €19,086 | €20,204 | €28,788 | €23,873 | €21,776 | ▼ 8.8% |
| Stocks30/36 | - | - | - | €20,204 | €28,788 | €23,873 | €21,776 | ▼ 8.8% |
| Amounts receivable within one year40/41 | €60,725 | €61,753 | €58,529 | €53,119 | €42,519 | €42,304 | €68,608 | ▲ 62.2% |
| Trade receivables40 | - | - | - | €47,737 | €36,941 | €39,204 | €65,880 | ▲ 68.0% |
| Other amounts receivable41 | - | - | - | €5,383 | €5,578 | €3,100 | €2,727 | ▼ 12.0% |
| Current investments50/53 | €3,638 | €3,154 | €4,354 | €4,446 | €4,646 | €3,479 | €5,796 | ▲ 66.6% |
| Cash at bank and in hand54/58 | €44,650 | €45,260 | €53,680 | €45,846 | €19,272 | €25,573 | €27,864 | ▲ 9.0% |
| Deferred charges and accrued income490/1 | - | - | - | €984 | €786 | €726 | €1,357 | ▲ 87.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €249,871 | €241,331 | €241,019 | €253,573 | €250,361 | €228,674 | €241,117 | ▲ 5.4% |
| Equity10/15 | €110,832 | €108,430 | €107,740 | €111,005 | €90,330 | €109,008 | €130,162 | ▲ 19.4% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Contributions outside capital11 | - | - | - | €12,400 | €12,400 | €12,400 | - | - |
| Other1109/19 | - | - | - | €12,400 | €12,400 | €12,400 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €20,538 | €41,692 | ▲ 103% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €20,538 | €41,692 | ▲ 103% |
| Profit (loss) carried forward14 | €91,554 | €91,357 | €93,480 | €96,745 | €76,070 | €76,070 | €76,070 | = |
| Amounts payable17/49 | €139,039 | €132,900 | €133,279 | €142,568 | €160,030 | €119,666 | €110,955 | ▼ 7.3% |
| Amounts payable after more than one year17 | €106,001 | €103,480 | €92,107 | €105,441 | €104,127 | €85,741 | €66,772 | ▼ 22.1% |
| Financial debts170/4 | - | - | - | €105,441 | €104,127 | €85,741 | €66,772 | ▼ 22.1% |
| Amounts payable within one year42/48 | €33,039 | €29,421 | €41,172 | €37,128 | €55,903 | €33,925 | €44,183 | ▲ 30.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16,000 | €21,880 | €18,724 | €19,225 | ▲ 2.7% |
| Trade debts44 | €3,865 | €6,155 | €15,423 | €10,818 | €22,716 | €1,521 | €6,284 | ▲ 313% |
| Suppliers440/4 | - | - | - | €10,818 | €22,716 | €1,521 | €6,284 | ▲ 313% |
| Taxes, remuneration and social security45 | - | - | - | €10,310 | €11,307 | €13,680 | €18,674 | ▲ 36.5% |
| Taxes450/3 | - | - | - | €5,793 | €6,609 | €9,627 | €14,236 | ▲ 47.9% |
| Remuneration and social security454/9 | - | - | - | €4,518 | €4,698 | €4,053 | €4,438 | ▲ 9.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,560 | -€197 | €2,122 | €3,265 | -€20,675 | €18,678 | €21,154 | ▲ 13.3% |
| + Depreciation and write-downs630 | €16,669 | €19,033 | €17,222 | €16,470 | €20,921 | €21,630 | €19,119 | ▼ 11.6% |
| Operating cash flow (approximation) | €29,229 | €18,836 | €19,345 | €19,735 | €247 | €40,308 | €40,272 | ▼ 0.1% |
| Investment in fixed assets (approximation) | - | -€16,722 | -€3,826 | -€40,075 | -€46,297 | €0 | -€2,115 | - |
| Change in cash | - | €610 | €8,420 | -€7,834 | -€26,574 | €6,302 | €2,291 | ▼ 63.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 16-01-2026 | 2026-00010564 |
| 30-06-2024 | micro format | 25-02-2025 | 2025-00039561 |
| 30-06-2023 | micro format | 16-02-2024 | 2024-00032271 |
| 30-06-2022 | micro format | 10-02-2023 | 2023-00026874 |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02600490 |
| 30-06-2020 | micro format | 16-02-2021 | 2021-05500584 |
| 30-06-2019 | micro format | 13-02-2020 | 2020-04900552 |
| 30-06-2018 | micro format | 27-02-2019 | 2019-05900014 |
| 30-06-2017 | full format | 28-02-2018 | 2018-06000256 |
| 30-06-2016 | full format | 22-02-2017 | 2017-05000154 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| STILMANT Frédéric Christian Julien Ghislain |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
31-01
Gazette deed
Resignation: STILMANT Frédéric Christian Julien Ghislain (manager)Appointment: STILMANT Frédéric Christian Julien Ghislain (director) · Amendment of the articles · Capital conversion10 facts ▸
- General meeting, 12-01-2024
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer compte indisponible créé article 39,§2,alinéa 2 et rendre fonds disponibles pour distribution, versements futurs part non libérée souscrite passé insc…” (deed in French)
- Capital
- Other provision, “compte de capitaux propres statutairement indisponible” (deed in French)
- Director resignation, STILMANT Frédéric Christian Julien Ghislain (manager)
- Director appointment, STILMANT Frédéric Christian Julien Ghislain (director (not named in the articles))
- Director discharge, STILMANT Frédéric Christian Julien Ghislain
- Registered office clause, “6460 Chimay, Rue des Sartiaux”, 1 (deed in French)
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56083C0319/00K003 | Wallonia | 1,443 m² | 1 · 93 m² | 8.8 m · 2 |
| 56016D0541/00D000indicative | Wallonia | 55 m² | - | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Aux activités de prépresse; Aux activités de graphisme; Aux activités relatives à l’imprimerie; La vente d’objet design” (deed in French)
4 activities (deed in French)
- Aux activités de prépresse ;
- Aux activités de graphisme ;
- Aux activités relatives à l’imprimerie ;
- La vente d’objet design.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ADN CONCEPT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts et succursales en Belgique et à l'étranger par simple décision organe…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Personnes physiques ou morales, actionnaires ou non, 1” (deed in French)“Tous les actes nécessaires ou utiles à l'accomplissement de l'objet, loi et statuts réservés à l'assemblée générale” (deed in French)“Frais généraux, indépendamment des frais de représentation, voyages et déplacements, approbation des comptes annuels emporte approbation de…” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre actions nominatives avec mentions CSA” (deed in French)“Exercés par usufruitier sauf disposition spéciale contraire statuts,testament ou convention ayant créé usufruit” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Courrier électronique,ou courrier ordinaire pour sans adresse électronique,envoyé même jour, priorité actionnaires ayant exercé totalité…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Saturday of December at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, formes prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, administrateur(s) en fonction si aucun autre liquidateur désigné” (deed in French)