ADO 42
ActiveThe computed 12-month bankruptcy probability of ADO 42 is 2.7% (moderate). The 2025 annual accounts show equity of €20k and a net result of €10k. Equity is growing by ~48.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 10252 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency79▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.0 against 8.7 in 2024; short-term debt: 46.5% and cash: 5% of total assets), and 46.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
53.5%
Return on assets
25.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
25 d early
2024
73 d early
2023
51 d early
2022
48 d early
2021
68 d early
2020
79 d late
2019
399 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€20k▲ 91.8%
2024 · €10k
2019: €-4k
2020: €2k
2021: €3k
2022: €6k
2023: €6k
2024: €10k
2019 → 2025
Total assets
€37k▲ 218%
2024 · €12k
2019: €15k
2020: €12k
2021: €9k
2022: €7k
2023: €9k
2024: €12k
2019 → 2025
Net result
€10k▲ 128%
2024 · €4k
2019: €-10k
2020: €5k
2021: €1k
2022: €3k
2023: €494
2024: €4k
2019 → 2025
Working capital
€69▼ 99.3%
2024 · €10k
2019: €-4k
2020: €2k
2021: €3k
2022: €6k
2023: €6k
2024: €10k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€6k▲ 86.0%€6k▲ 8.6%€10k▲ 67.4%€20k▲ 91.8%
Operating result€3k-€4k▲ 48.6%€3k▼ 34.3%€4k▲ 44.0%€11k▲ 154%
Net result€1k-€3k▲ 111%€494▼ 81.3%€4k▲ 748%€10k▲ 128%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 154% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37k
Fixed assets
€20k▲ 16,475%
Current assets
€17k▲ 49.9%
Equity and liabilities €37k
Equity
€20k▲ 91.8%
Debt
€17k▲ 1,198%
The debt ratio rises from 11.4% to 46.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k
Cash flow
€12k
Solvency
53.5%▼
2024 · 88.6%
Current ratio
1.00▼
2024 · 8.70
Quick ratio
0.76▼
2024 · 5.66
Debt / equity
0.87▲
2024 · 0.13
ROE
47.9%▲
2024 · 40.3%
ROA
25.6%▼
2024 · 35.7%
Interest coverage
815.73
Debt
€17k▲
2024 · €1k
Debt ≤ 1 year
€17k▲
2024 · €1k
Income taxes
€1k
Staff costs
€49k▲
2024 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€12k€37k▲
Fixed assets21/28€120€20k▲
Tangible fixed assets22/27-€20k
Furniture and vehicles24-€20k
Financial fixed assets28€120€120=
Current assets29/58€12k€17k▲
Stocks and contracts in progress3€4k€4k▲
Stocks30/36€4k€4k▲
Amounts receivable within one year40/41€5k€11k▲
Trade receivables40-€3k
Other amounts receivable41€5k€9k▲
Cash at bank and in hand54/58€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€12k€37k▲
Equity10/15€10k€20k▲
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Profit (loss) carried forward14€4k€14k▲
Amounts payable17/49€1k€17k▲
Amounts payable within one year42/48€1k€17k▲
Trade debts44€1k€17k▲
Suppliers440/4€1k€17k▲
Other amounts payable47/48-€503
Income statement
Code20242025
Remuneration, social security and pensions62€30k€49k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Other operating charges640/8€3k€2k▼
Gross operating margin9900€37k€64k▲
Operating profit (loss)9901€4k€11k▲
Financial charges65/66B-€16
Recurring financial charges65-€16
Profit (loss) for the period before taxes9903€4k€11k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€4k€10k▲
Profit (loss) for the period to be appropriated9905€4k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€14k▲
Profit (loss) brought forward from the previous period14P€14€4k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €10k ▲128%
Operating result €11k, net result €10k, both a record.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 8.70
Current ratio from 2.90 to 8.70; short-term debt falls from €3k to €1k.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 5.60
Current ratio from 1.51 to 5.60; short-term debt falls from €6k to €1k.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 79 days late
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 399 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2018
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.
Antwerpsesteenweg 3491000 BrusselGround area
127 m²
Building footprint
107 m²
Volume, LiDAR
1,386 m³
Parcel 21813D0523/00Z019, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
KARDESLER FIRINI
since 20182.281.487.312
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813D0523/00Z019 | Brussels | 127 m² | 1 · 107 m² | 18.0 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.281.487.312
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Of 2,406 companies in sector 47241 we hold annual accounts for 1,097. 835 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-11-2018
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.