Summary
ADNIL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €16.8m and a net result of €3.1m. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 90% of 1423 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-09-2025, 43 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
43 d late
2023
126 d late
2022
7 d late
2021
31 d late
2020
24 d late
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€16.8m▲ 0.4%
2023 · €16.8m
Net result
€3.1m▲ 167%
2023 · €1.2m
Total assets
€19.1m▲ 12.3%
2023 · €17.0m
Solvency
88.0%▼ 10.4pp
2023 · 98.4%
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
Line20202021202220232024
Operating result-€18,367▲ 18.7%-€18,036▲ 1.8%-€20,402▼ 13.1%-€23,514▼ 15.3%-€23,202▲ 1.3%
Net result€2.5m▲ 10.0%€3.1m▲ 25.6%€3.7m▲ 20.4%€1.2m▼ 69.3%€3.1m▲ 167%
Equity€14.8m▲ 20.2%€17.9m▲ 21.1%€18.6m▲ 4.2%€16.8m▼ 9.9%€16.8m▲ 0.4%
Total assets€14.8m▲ 2.3%€18.1m▲ 22.7%€19.3m▲ 6.5%€17.0m▼ 11.7%€19.1m▲ 12.3%
Debt€21,582▼ 99.0%€260,828▲ 1,109%€683,942▲ 162%€275,602▼ 59.7%€2.3m▲ 734%
Working capital€13.8m▲ 21.8%€16.9m▲ 22.5%€17.7m▲ 4.4%€15.8m▼ 10.5%€15.9m▲ 0.5%
Solvency99.9%▲ 14.9pp98.6%▼ 1.3pp96.5%▼ 2.1pp98.4%▲ 1.9pp88.0%▼ 10.4pp
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result +167% on 2023. Cause not known from the registers.
- 2023 Net result -69% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,202 in 2024 against €23,514 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19.1m
Fixed assets
€936,193 =
Current assets
€18.2m ▲ 13.0%
Equity and liabilities €19.1m
Equity
€16.8m ▲ 0.4%
Debt
€2.3m ▲ 734%
Debt's share of the balance-sheet total rises from 1.6% to 12.0%. Equity and debt are higher.
Key figures and ratios
ROE
18.2%▲
2023 · 6.9%
ROA
16.0%▲
2023 · 6.8%
Debt ≤ 1 year
€2.3m▲
2023 · €275,602
Income taxes
€0▼
2023 · €370,753
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | -€18,367 | -€18,036 | -€20,402 | -€23,514 | -€23,202 | ▲ 1.3% |
| Operating profit (loss)9901 | -€18,367 | -€18,036 | -€20,402 | -€23,514 | -€23,202 | ▲ 1.3% |
| Financial income75/76B | - | €3.6m | €4.2m | €2.9m | €2.1m | ▼ 28.2% |
| Recurring financial income75 | €2.7m | €3.6m | €4.2m | €2.9m | €2.1m | ▼ 28.2% |
| Financial charges65/66B | - | -€23,814 | €29,812 | €1.3m | -€1.0m | ▼ 177% |
| Recurring financial charges65 | €5,751 | -€23,814 | €29,812 | €1.3m | -€1.0m | ▼ 177% |
| Profit (loss) for the period before taxes9903 | €2.7m | €3.6m | €4.2m | €1.5m | €3.1m | ▲ 102% |
| Income taxes67/77 | €218,669 | €467,921 | €419,565 | €370,753 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €2.5m | €3.1m | €3.7m | €1.2m | €3.1m | ▲ 167% |
| Profit (loss) for the period to be appropriated9905 | €2.5m | €3.1m | €3.7m | €1.2m | €3.1m | ▲ 167% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.8m | €18.1m | €19.3m | €17.0m | €19.1m | ▲ 12.3% |
| Fixed assets21/28 | €936,193 | €936,193 | €936,193 | €936,193 | €936,193 | = |
| Financial fixed assets28 | €936,193 | €936,193 | €936,193 | €936,193 | €936,193 | = |
| Current assets29/58 | €13.8m | €17.2m | €18.4m | €16.1m | €18.2m | ▲ 13.0% |
| Amounts receivable within one year40/41 | €36,501 | €46,267 | €249,413 | €224,312 | €244,312 | ▲ 8.9% |
| Other amounts receivable41 | - | €46,267 | €249,413 | €224,312 | €244,312 | ▲ 8.9% |
| Current investments50/53 | €13.7m | €17.0m | €16.9m | €14.8m | €16.1m | ▲ 8.8% |
| Cash at bank and in hand54/58 | €112,865 | €186,057 | €1.2m | €1.1m | €1.9m | ▲ 71.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.8m | €18.1m | €19.3m | €17.0m | €19.1m | ▲ 12.3% |
| Equity10/15 | €14.8m | €17.9m | €18.6m | €16.8m | €16.8m | ▲ 0.4% |
| Contributions10/11 | €185,920 | €219,285 | €219,285 | €219,285 | €219,285 | = |
| Capital10 | - | €185,920 | €185,920 | €185,920 | €185,920 | = |
| Issued capital100 | - | €185,920 | €185,920 | €185,920 | €185,920 | = |
| Outside capital11 | - | €33,365 | €33,365 | €33,365 | €33,365 | = |
| Share premium1100/10 | - | €33,365 | €33,365 | €33,365 | €33,365 | = |
| Reserves13 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Non-distributable reserves130/1 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Legal reserve130 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Distributable reserves133 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | €13.5m | €16.6m | €17.4m | €15.5m | €15.6m | ▲ 0.5% |
| Amounts payable17/49 | €21,582 | €260,828 | €683,942 | €275,602 | €2.3m | ▲ 734% |
| Amounts payable within one year42/48 | €21,582 | €260,828 | €683,942 | €275,602 | €2.3m | ▲ 734% |
| Trade debts44 | €2,913 | €715 | €4,263 | €2,676 | €25,879 | ▲ 867% |
| Suppliers440/4 | - | €715 | €4,263 | €2,676 | €25,879 | ▲ 867% |
| Taxes, remuneration and social security45 | - | €260,113 | €679,678 | €272,926 | €272,926 | = |
| Taxes450/3 | - | €260,113 | €679,678 | €272,926 | €272,926 | = |
| Other amounts payable47/48 | - | - | - | - | €2.0m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.5m | €3.1m | €3.7m | €1.2m | €3.1m | ▲ 167% |
| Operating cash flow (approximation) | €2.5m | €3.1m | €3.7m | €1.2m | €3.1m | ▲ 167% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €73,192 | €996,695 | -€100,614 | €771,039 | ▲ 866% |
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
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 43 days late
2024
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 126 days late
2023
31-12
Financial
Weakest financial yearnet €1.2m ▼69.3%
Net result drops to €1.2m, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 58.45
Current ratio from 26.86 to 58.45; short-term debt falls from €683,942 to €275,602.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Highest result since 2018net €3.7m ▲20.4%
Net result €3.7m, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Liquidity times 103current ratio 641.52
Current ratio from 6.23 to 641.52; short-term debt falls from €2.2m to €21,582.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 45 days late
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Sint-Joost-ten-Node · 1 establishment unit since 1997
Ground area
3,162 m²
Building footprint
2,256 m²
Volume, LiDAR
107,414 m³
Parcel 21014A0112/00K002, Brussels · tallest building 79.3 m, ±19 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Lazaruslaan 4-10 ET6, 1210 Sint-Joost-ten-Node
since 19972.076.096.146
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0112/00K002 | Brussels | 3,162 m² | 1 · 2,256 m² | 79.3 m · 19 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.
Structure & network
Owners and holdings
4 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 4
-
14.1%
-
3.82%
-
2.82%
-
0.92%
According to the 2024 annual accounts of ADNIL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
254900S2TKF8MPI0UQ59
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Of 1,507 companies in sector 66199 we hold annual accounts for 921. 141 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-03-1996
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.