ADPO GROUP
ActiveADPO GROUP has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €88.79M and a net result of €26.82M. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 4602 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth65=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850k at 30 days acceptable
Liquidity ample (current ratio 40.84 against 9.76 in 2023; short-term debt: 0.7% and cash: 1.1% of total assets), and 0.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2024Solvency, return and age of the figures
Solvency
99.3%
Return on assets
30%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d early
2023
49 d early
2022
48 d early
2021
47 d early
2020
2 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€8.96M▼ 0.4%
2023 · €8.99M
2018: €8.16M
2019: €8.34M
2020: €8.38M
2021: €8.34M
2022: €8.20M
2023: €8.99M
2018 → 2024
EBIT margin
59.3%▼ 0.9pp
2023 · 60.2%
2018: 63.5%
2019: 65.4%
2020: 66.3%
2021: 72.6%
2022: 66.8%
2023: 60.2%
2018 → 2024
Net result
€26.82M▲ 9.8%
2023 · €24.43M
2018: €15.18M
2019: €16.59M
2020: €10.31M
2021: €19.03M
2022: €19.96M
2023: €24.43M
2018 → 2024
Working capital
€23.65M▲ 97.1%
2023 · €12.00M
2018: €3.42M
2019: €6.50M
2020: €90k
2021: €2.45M
2022: €-345k
2023: €12.00M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€8.38M-€8.34M▼ 0.5%€8.20M▼ 1.7%€8.99M▲ 9.7%€8.96M▼ 0.4%
Equity€64.56M-€68.58M▲ 6.2%€67.54M▼ 1.5%€76.96M▲ 14.0%€88.79M▲ 15.4%
Operating result€5.56M-€6.05M▲ 8.9%€5.47M▼ 9.5%€5.41M▼ 1.1%€5.32M▼ 1.8%
Net result€10.31M-€19.03M▲ 84.5%€19.96M▲ 4.9%€24.43M▲ 22.4%€26.82M▲ 9.8%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 2% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89.38M
Fixed assets
€65.13M▲ 0.3%
Current assets
€24.25M▲ 81.3%
Equity and liabilities €89.38M
Equity
€88.79M▲ 15.4%
Debt
€594k▼ 56.7%
The debt ratio falls from 1.8% to 0.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5.51M▼
2023 · €5.57M
Cash flow
€27.02M▲
2023 · €24.58M
Solvency
99.3%▲
2023 · 98.2%
Current ratio
40.84▲
2023 · 9.76
Quick ratio
40.84▲
2023 · 9.76
Debt / equity
0.01▼
2023 · 0.02
ROE
30.2%▼
2023 · 31.7%
ROA
30.0%▼
2023 · 31.2%
Interest coverage
170.36▲
2023 · 34.38
Debt
€594k▼
2023 · €1.37M
Debt ≤ 1 year
€594k▼
2023 · €1.37M
Income taxes
€1.50M▲
2023 · €1.36M
Staff costs
€2.75M▼
2023 · €2.84M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€78.34M€89.38M▲
Fixed assets21/28€64.96M€65.13M▲
Tangible fixed assets22/27€552k€520k▼
Furniture and vehicles24€552k€520k▼
Financial fixed assets28€64.41M€64.61M▲
Affiliated companies280/1€63.86M€63.88M=
Participating interests280€63.86M€63.88M=
Other financial fixed assets284/8€545k€731k▲
Shares284€545k€731k▲
Current assets29/58€13.37M€24.25M▲
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€3.47M€162k▼
Trade receivables40€3.44M€158k▼
Other amounts receivable41€27k€3k▼
Current investments50/53€8.95M€23.00M▲
Other investments51/53€8.95M€23.00M▲
Cash at bank and in hand54/58€939k€1.03M▲
Deferred charges and accrued income490/1€21k€60k▲
Equity and liabilities
Total equity and liabilities10/49€78.34M€89.38M▲
Equity10/15€76.96M€88.79M▲
Contributions10/11€400k€400k=
Capital10€400k€400k=
Issued capital100€400k€400k=
Reserves13€76.56M€88.39M▲
Non-distributable reserves130/1€40k€40k=
Legal reserve130€40k€40k=
Tax-exempt reserves132€1.13M€1.13M=
Distributable reserves133€75.40M€87.22M▲
Amounts payable17/49€1.37M€594k▼
Amounts payable within one year42/48€1.37M€594k▼
Current portion of amounts payable after more than one year42€804k€0▼
Trade debts44€55k€123k▲
Suppliers440/4€55k€123k▲
Taxes, remuneration and social security45€513k€471k▼
Taxes450/3€234k€227k▼
Remuneration and social security454/9€279k€244k▼
Accrued charges and deferred income492/3€516€0▼
Income statement
Code20232024
Operating income70/76A€9.31M€9.27M▼
Turnover70€8.99M€8.96M▼
Other operating income74€287k€291k▲
Non-recurring operating income76A€27k€20k▼
Operating charges60/66A€3.89M€3.95M▲
Services and other goods61€878k€998k▲
Remuneration, social security and pensions62€2.84M€2.75M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€154k€193k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-2k
Other operating charges640/8€19k€15k▼
Non-recurring operating charges66A€2k€1k▼
Operating profit (loss)9901€5.41M€5.32M▼
Financial income75/76B€20.55M€23.04M▲
Recurring financial income75€20.55M€23.00M▲
Income from financial fixed assets750€20.48M€22.41M▲
Income from current assets751€64k€595k▲
Other financial income752/9€0€482▲
Non-recurring financial income76B-€36k
Financial charges65/66B€178k€36k▼
Recurring financial charges65€164k€36k▼
Debt charges650€162k€32k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€321€2k▲
Other financial charges652/9€2k€2k▲
Non-recurring financial charges66B€14k€0▼
Profit (loss) for the period before taxes9903€25.78M€28.32M▲
Income taxes67/77€1.36M€1.50M▲
Taxes670/3€1.36M€1.50M▲
Tax adjustments and reversals of tax provisions77-€396
Profit (loss) for the period9904€24.43M€26.82M▲
Transfer from tax-exempt reserves789€32k€0▼
Transfer to tax-exempt reserves689€1.12M€0▼
Profit (loss) for the period to be appropriated9905€23.34M€26.82M▲
Appropriation of the result
Profit (loss) to be appropriated9906€23.34M€26.82M▲
Transfer to equity691/2€8.34M€11.82M▲
To other reserves6921€8.34M€11.82M▲
Profit to be distributed694/7€15.00M€15.00M=
Return on contributions (dividend)694€15.00M€15.00M=
Social balance
Average headcount (FTE)908731.127.9▼
The notes to these accounts (57 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €26.82M ▲9.8%
Net result €26.82M, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 40.84
Current ratio from 9.76 to 40.84; short-term debt falls from €1.37M to €594k.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 11current ratio 9.76
Current ratio from 0.90 to 9.76; short-term debt falls from €3.57M to €1.37M.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.22
Current ratio from 1.04 to 2.22; short-term debt falls from €2.51M to €2.01M.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €10.31M ▼37.9%
Net result drops to €10.31M, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
21 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2001
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.
Steenlandlaan(KAL) 39130 Beveren-Kruibeke-ZwijndrechtGround area
9.8 ha
Building footprint
649 m²
Volume, LiDAR
9,923 m³
Parcel 46010D0286/02E000, Flanders · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Steenlandlaan(KAL) 3, 9130 Beveren-Kruibeke-Zwijndrecht
since 20012.116.220.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46010D0286/02E000 | Flanders | 9.8 ha | 1 · 649 m² | 18.9 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 971 EUR awarded · 971 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 971 EUR | 971 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 1,247 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-11-2000
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.