ADOPLAN
InactiveInactive; last annual accounts for fiscal year 2024. Dissolved without liquidation on 30-01-2026.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
30 d late
2022
123 d late
2021
106 d late
2020
31 d late
2019
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 88 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€165,000▲ 3.1%
2023 · €160,097
Total assets
€306,479▲ 21.7%
2023 · €251,745
Net result
€4,903▼ 60.8%
2023 · €12,509
Working capital
€149,296▲ 29.5%
2023 · €115,246
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€3,238▲ 57.7%€3,826▲ 18.2%€16,620▲ 334%€28,579▲ 72.0%€5,832▼ 79.6%
Net result€646▼ 54.7%€80▼ 87.5%€8,462▲ 10,415%€12,509▲ 47.8%€4,903▼ 60.8%
Equity€139,046▲ 0.5%€139,126▲ 0.1%€147,588▲ 6.1%€160,097▲ 8.5%€165,000▲ 3.1%
Total assets€198,805▲ 6.4%€214,396▲ 7.8%€245,791▲ 14.6%€251,745▲ 2.4%€306,479▲ 21.7%
Debt€59,759▲ 23.2%€75,269▲ 26.0%€98,203▲ 30.5%€91,647▼ 6.7%€141,478▲ 54.4%
Working capital€116,002▲ 11.2%€115,853▼ 0.1%€121,730▲ 5.1%€115,246▼ 5.3%€149,296▲ 29.5%
Staff (FTE)3▲ 15.4%3.5▲ 16.7%3▼ 14.3%3.6▲ 20.0%3.3▼ 8.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 80% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €306,479
Fixed assets
€18,414 ▼ 65.2%
Current assets
€288,065 ▲ 44.8%
Equity and liabilities €306,479
Equity
€165,000 ▲ 3.1%
Debt
€141,478 ▲ 54.4%
Debt's share of the balance-sheet total rises from 36.4% to 46.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,856▼
2023 · €38,486
Cash flow
€10,927▼
2023 · €22,416
Current ratio
2.08▼
2023 · 2.38
Quick ratio
1.62▲
2023 · 1.58
Debt to equity
0.86▲
2023 · 0.57
ROE
3.0%▼
2023 · 7.8%
ROA
1.6%▼
2023 · 5.0%
Interest coverage
12.89▼
2023 · 15.06
Debt ≤ 1 year
€138,769▲
2023 · €83,630
Debt > 1 year
€2,710▼
2023 · €8,018
Income taxes
€22▼
2023 · €13,524
Staff costs
€195,285▼
2023 · €216,373
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,438 | €3,092 | ▼ 58.4% |
| Remuneration, social security and pensions62 | - | €190,952 | €166,285 | €216,373 | €195,285 | ▼ 9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,749 | €8,061 | €7,064 | €9,907 | €6,024 | ▼ 39.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3,978 | - |
| Other operating charges640/8 | - | €4,623 | €3,509 | €23,400 | €617 | ▼ 97.4% |
| Non-recurring operating charges66A | - | - | - | - | €6,997 | - |
| Gross operating margin9900 | €173,288 | €207,462 | €193,477 | €278,259 | €218,733 | ▼ 21.4% |
| Operating profit (loss)9901 | €3,238 | €3,826 | €16,620 | €28,579 | €5,832 | ▼ 79.6% |
| Financial income75/76B | - | €82 | €3 | €10 | €12 | ▲ 22.2% |
| Recurring financial income75 | €1 | €82 | €3 | €10 | €12 | ▲ 22.2% |
| Financial charges65/66B | - | €462 | €1,135 | €2,556 | €919 | ▼ 64.0% |
| Recurring financial charges65 | €569 | €462 | €1,135 | €2,556 | €919 | ▼ 64.0% |
| Profit (loss) for the period before taxes9903 | €2,670 | €3,445 | €15,488 | €26,033 | €4,925 | ▼ 81.1% |
| Income taxes67/77 | €2,023 | €3,365 | €7,026 | €13,524 | €22 | ▼ 99.8% |
| Profit (loss) for the period9904 | €646 | €80 | €8,462 | €12,509 | €4,903 | ▼ 60.8% |
| Profit (loss) for the period to be appropriated9905 | €646 | €80 | €8,462 | €12,509 | €4,903 | ▼ 60.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €198,805 | €214,396 | €245,791 | €251,745 | €306,479 | ▲ 21.7% |
| Fixed assets21/28 | €23,044 | €23,274 | €39,037 | €52,869 | €18,414 | ▼ 65.2% |
| Tangible fixed assets22/27 | €20,438 | €20,668 | €36,431 | €47,043 | €18,414 | ▼ 60.9% |
| Land and buildings22 | - | €7,303 | €4,783 | €17,220 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €13,365 | €31,648 | €29,823 | €18,414 | ▼ 38.3% |
| Financial fixed assets28 | €2,606 | €2,606 | €2,606 | €5,826 | €0 | ▼ 100% |
| Current assets29/58 | €175,761 | €191,122 | €206,754 | €198,875 | €288,065 | ▲ 44.8% |
| Stocks and contracts in progress3 | €67,077 | €50,059 | €64,858 | €67,061 | €62,786 | ▼ 6.4% |
| Contracts in progress37 | - | €50,059 | €64,858 | €67,061 | €62,786 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €83,588 | €77,949 | €94,048 | €100,474 | €200,303 | ▲ 99.4% |
| Trade receivables40 | - | €75,627 | €91,211 | €97,620 | €200,303 | ▲ 105% |
| Other amounts receivable41 | - | €2,322 | €2,837 | €2,853 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €22,044 | €61,354 | €47,848 | €31,340 | €24,975 | ▼ 20.3% |
| Deferred charges and accrued income490/1 | - | €1,760 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €198,805 | €214,396 | €245,791 | €251,745 | €306,479 | ▲ 21.7% |
| Equity10/15 | €139,046 | €139,126 | €147,588 | €160,097 | €165,000 | ▲ 3.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €120,446 | €120,526 | €128,988 | €141,497 | €146,400 | ▲ 3.5% |
| 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 | = |
| Distributable reserves133 | - | €118,666 | €127,128 | €139,637 | €144,540 | ▲ 3.5% |
| Amounts payable17/49 | €59,759 | €75,269 | €98,203 | €91,647 | €141,478 | ▲ 54.4% |
| Amounts payable after more than one year17 | €0 | - | €13,180 | €8,018 | €2,710 | ▼ 66.2% |
| Financial debts170/4 | - | - | €13,180 | €8,018 | €2,710 | ▼ 66.2% |
| Amounts payable within one year42/48 | €59,759 | €75,269 | €85,023 | €83,630 | €138,769 | ▲ 65.9% |
| Current portion of amounts payable after more than one year42 | - | €0 | €5,020 | €5,162 | €5,308 | ▲ 2.8% |
| Trade debts44 | €21,334 | €19,521 | €38,809 | €35,104 | €97,184 | ▲ 177% |
| Suppliers440/4 | - | €19,521 | €38,809 | €35,104 | €97,184 | ▲ 177% |
| Taxes, remuneration and social security45 | - | €52,162 | €37,422 | €38,083 | €36,260 | ▼ 4.8% |
| Taxes450/3 | - | €9,885 | €4,948 | €16,403 | €21,166 | ▲ 29.0% |
| Remuneration and social security454/9 | - | €42,277 | €32,474 | €21,680 | €15,095 | ▼ 30.4% |
| Other amounts payable47/48 | - | €3,587 | €3,772 | €5,281 | €16 | ▼ 99.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €646 | €80 | €8,462 | €12,509 | €4,903 | ▼ 60.8% |
| + Depreciation and write-downs630 | €11,749 | €8,061 | €7,064 | €9,907 | €6,024 | ▼ 39.2% |
| Operating cash flow (approximation) | €12,395 | €8,141 | €15,525 | €22,416 | €10,927 | ▼ 51.3% |
| Investment in fixed assets (approximation) | - | -€8,290 | -€22,827 | -€23,739 | €28,432 | ▲ 220% |
| Change in cash | - | €39,310 | -€13,506 | -€16,508 | -€6,365 | ▲ 61.4% |
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
2026
19-02
State Gazette act
Restructuring · End & cessationResignation: Michiel Triphon Geert Guido BOODTS (director) · Merger · Dissolution21 facts ▸
State Gazette act
Restructuring · End & cessation
Resignation: Michiel Triphon Geert Guido BOODTS (director) · Merger · Dissolution21 facts ▸
- General meeting, 30-01-2026
- Merger, 30-01-2026
- Merger, 30-01-2026
- Merger, 30-01-2026
- Dissolution, 30-01-2026
- Dissolution, 30-01-2026
- Dissolution, 30-01-2026
- Accounting effect, 01-01-2026
- Director resignation, Michiel Triphon Geert Guido BOODTS (director)
- Director resignation, Michiel Triphon Geert Guido BOODTS (director)
- Director resignation, Michiel Triphon Geert Guido BOODTS (director)
- Director discharge, Michiel Triphon Geert Guido BOODTS
- +9 further facts in this act
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €12,509 ▲47.8%
Operating result €28,579, net result €12,509, both a record.
31-12
Financial
Equity above €150,000Eq €160,097 ▲8.5%
6 profitable years in a row build equity to €160,097.
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 106 days late
2021
31-12
Financial
Weakest financial yearnet €80 ▼87.5%
Net result drops to €80, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Michiel Triphon Geert Guido BOODTS |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Embridge Group
- ADOPLAN
Highest known parent: Embridge Group. The sources do not say who stands above it.
Owners 1
- Embridge Groupparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Acquisitions and mergers
1 transactionTaken over by:Embridge Belgium
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 19-02-2026 ↗
- Embridge Group 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 14,735 EUR awarded · 14,735 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 5,682 EUR | 5,682 EUR |
| 2023 | 1 | 3,302 EUR | 3,302 EUR |
| 2022 | 1 | 5,751 EUR | 5,751 EUR |