ADqui
ActiveSummary
ADqui has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€77,519) and a net result of -€107,167. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 451 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability0▼-40
Solvency0▼-42
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.02 in 2025; short-term debt: 197.9% and cash: 0.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
-97.9%
Return on assets
-135.4%
Age of the figures
3 mo
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year -€77,519
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 15-09-2026, 138 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
138 d early
2025
127 d early
2024
93 d early
2023
58 d early
2022
96 d early
2021
89 d early
2020
94 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 99 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today. Usually files around 27 October (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-06-2027 close31-01-2028 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
-€77,519
2025 · €29,648
Total assets
€79,151▼ 55.7%
2025 · €178,556
Net result
-€107,167
2025 · €1,785
Working capital
-€155,069▼ 5.8%
2025 · -€146,580
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€6,461▼ 66.6%€440▼ 93.2%€4,335▲ 886%€2,481▼ 42.8%-€106,370
Net result€403below the sector's middle half▼ 83.0%€392below the sector's middle half▼ 2.6%€2,776within the sector's middle half▲ 608%€1,785below the sector's middle half▼ 35.7%-€107,167
Equity€24,695below the sector's middle half▲ 1.7%€25,087below the sector's middle half▲ 1.6%€27,863within the sector's middle half▲ 11.1%€29,648within the sector's middle half▲ 6.4%-€77,519
Total assets€146,228within the sector's middle half▲ 14.2%€194,261within the sector's middle half▲ 32.8%€158,488within the sector's middle half▼ 18.4%€178,556within the sector's middle half▲ 12.7%€79,151▼ 55.7%
Debt€121,534▲ 17.1%€169,174▲ 39.2%€130,625▼ 22.8%€148,908▲ 14.0%€156,670▲ 5.2%
Working capital-€115,259below the sector's middle half▼ 30.1%-€163,088below the sector's middle half▼ 41.5%-€115,531below the sector's middle half▲ 29.2%-€146,580below the sector's middle half▼ 26.9%-€155,069▼ 5.8%
Solvency16.9%below the sector's middle half▼ 2.1pp12.9%below the sector's middle half▼ 4.0pp17.6%below the sector's middle half▲ 4.7pp16.6%below the sector's middle half▼ 1.0pp-97.9%▼ 114.5pp
Current ratio0.05below the sector's middle half▼ 0.090.04below the sector's middle half▼ 0.020.12below the sector's middle half▲ 0.080.02below the sector's middle half▼ 0.100.01▼ 0.01
Return on assets (ROA)0.3%below the sector's middle half▼ 1.6pp0.2%below the sector's middle half▼ 0.1pp1.8%within the sector's middle half▲ 1.5pp1.0%below the sector's middle half▼ 0.8pp-135.4%▼ 136.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €106,370 after €2,481 in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €79,151
Fixed assets
€77,550 ▼ 56.0%
Current assets
€1,601 ▼ 31.2%
Key figures and ratios
Debt to equity
-2.02▼
2025 · 5.02
Debt ≤ 1 year
€156,670▲
2025 · €148,908
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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% 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 6,622 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €32,593 | €48,221 | €62,219 | €32,834 | €7,500 | ▼ 77.2% |
| Other operating charges640/8 | €524 | €405 | €4,416 | €595 | €465 | ▼ 21.8% |
| Non-recurring operating charges66A | - | - | - | - | €85,517 | - |
| Gross operating margin9900 | €6,985 | €844 | €8,752 | €3,076 | -€20,388 | ▼ 763% |
| Operating profit (loss)9901 | €6,461 | €440 | €4,335 | €2,481 | -€106,370 | ▼ 4,387% |
| Financial income75/76B | - | - | €11 | €64 | €24 | ▼ 62.6% |
| Recurring financial income75 | - | - | €11 | €64 | €24 | ▼ 62.6% |
| Financial charges65/66B | €5,542 | €48 | €160 | €41 | €821 | ▲ 1,903% |
| Recurring financial charges65 | €42 | €48 | €160 | €41 | €821 | ▲ 1,903% |
| Non-recurring financial charges66B | €5,500 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €919 | €392 | €4,186 | €2,504 | -€107,167 | ▼ 4,380% |
| Income taxes67/77 | €516 | - | €1,410 | €719 | - | - |
| Profit (loss) for the period9904 | €403 | €392 | €2,776 | €1,785 | -€107,167 | ▼ 6,104% |
| Profit (loss) for the period to be appropriated9905 | €403 | €392 | €2,776 | €1,785 | -€107,167 | ▼ 6,104% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,228 | €194,261 | €158,488 | €178,556 | €79,151 | ▼ 55.7% |
| Fixed assets21/28 | €139,954 | €188,175 | €143,394 | €176,228 | €77,550 | ▼ 56.0% |
| Tangible fixed assets22/27 | €139,904 | €188,125 | €143,344 | €176,178 | €77,500 | ▼ 56.0% |
| Other tangible fixed assets26 | €139,904 | €188,125 | €143,344 | €176,178 | €77,500 | ▼ 56.0% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €6,274 | €6,085 | €15,094 | €2,328 | €1,601 | ▼ 31.2% |
| Amounts receivable within one year40/41 | €6,232 | €5,910 | €2,783 | €2,325 | €1,526 | ▼ 34.4% |
| Trade receivables40 | €4,638 | €4,275 | €0 | - | - | - |
| Other amounts receivable41 | €1,594 | €1,635 | €2,783 | €2,325 | €1,526 | ▼ 34.4% |
| Cash at bank and in hand54/58 | €42 | €176 | €12,311 | €3 | €75 | ▲ 2,408% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,228 | €194,261 | €158,488 | €178,556 | €79,151 | ▼ 55.7% |
| Equity10/15 | €24,695 | €25,087 | €27,863 | €29,648 | -€77,519 | ▼ 361% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €6,103 | €6,495 | €9,271 | €11,056 | €11,056 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | €25 | €25 | €25 | €25 | €25 | ▼ 0.8% |
| Distributable reserves133 | €4,219 | €4,611 | €7,387 | €9,172 | €9,172 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€107,167 | - |
| Amounts payable17/49 | €121,534 | €169,174 | €130,625 | €148,908 | €156,670 | ▲ 5.2% |
| Amounts payable within one year42/48 | €121,534 | €169,174 | €130,625 | €148,908 | €156,670 | ▲ 5.2% |
| Trade debts44 | €2,312 | €2,606 | €1,391 | €144 | €876 | ▲ 508% |
| Suppliers440/4 | €2,312 | €2,606 | €1,391 | €144 | €876 | ▲ 508% |
| Taxes, remuneration and social security45 | €804 | €804 | €0 | - | - | - |
| Taxes450/3 | €804 | €804 | - | - | - | - |
| Other amounts payable47/48 | €118,418 | €165,764 | €129,234 | €148,764 | €155,794 | ▲ 4.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €403 | €392 | €2,776 | €1,785 | -€107,167 | ▼ 6,104% |
| Operating cash flow (approximation) | €403 | €392 | €2,776 | €1,785 | -€107,167 | ▼ 6,104% |
| Investment in fixed assets (approximation) | - | -€48,221 | €44,781 | -€32,834 | €98,678 | ▲ 401% |
| Change in cash | - | €133 | €12,136 | -€12,308 | €72 | ▲ 101% |
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
Next filing, fiscal year 2027, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
30-06
Financial
Weakest financial yearnet -€107,167
Net result drops to -€107,167, the lowest in the series.
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €2,776 ▲608%
Net result €2,776, the highest in the series.
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 1968
Ground area
267 m²
Building footprint
251 m²
Volume, LiDAR
5,801 m³
Parcel 44804D2398/00E000, Flanders · tallest building 29.9 m, ±9 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
-
since 19682.002.012.692
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2398/00E000 | Flanders | 267 m² | 1 · 251 m² | 29.9 m · 9 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.
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Of 5,711 companies in sector 70100 we hold annual accounts for 3,518. 1,807 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-06-1968
Fiscal year end30-06
Activities, NACEBEL 2025
70100Activities of head offices
13960Manufacture of textiles
47792Retail sale of second-hand clothing
64210Activities of holding companies
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0406273216
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.