Adrem Shipbrokers
ActiveAdrem Shipbrokers has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €894k and a net result of €-209k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 1987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-74
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 20.66 against 21.48 in 2024; short-term debt: 4.7% and cash: 28.9% of total assets), and 6.6% 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
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
93.4%
Return on assets
-21.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
48 d early
2023
1 d early
2022
2 d early
2021
24 d late
2020
81 d late
2019
28 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€894k▼ 19.0%
2024 · €1.10M
2018: €205k
2019: €324k
2020: €319k
2021: €360k
2022: €814k
2023: €1.08M
2024: €1.10M
2018 → 2025
Total assets
€957k▼ 18.9%
2024 · €1.18M
2018: €336k
2019: €434k
2020: €427k
2021: €561k
2022: €1.16M
2023: €1.30M
2024: €1.18M
2018 → 2025
Net result
€-209k
2024 · €47k
2018: €-43k
2019: €119k
2020: €-5k
2021: €41k
2022: €454k
2023: €267k
2024: €47k
2018 → 2025
Working capital
€882k▼ 19.3%
2024 · €1.09M
2018: €212k
2019: €328k
2020: €327k
2021: €427k
2022: €810k
2023: €1.07M
2024: €1.09M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€360k-€814k▲ 126%€1.08M▲ 32.8%€1.10M▲ 2.0%€894k▼ 19.0%
Operating result€59k-€680k▲ 1,051%€413k▼ 39.3%€61k▼ 85.2%€-218k
Net result€41k-€454k▲ 1,004%€267k▼ 41.2%€47k▼ 82.3%€-209k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €218k after €61k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €957k
Fixed assets
€30k▼ 10.4%
Current assets
€927k▼ 19.2%
Equity and liabilities €957k
Equity
€894k▼ 19.0%
Debt
€64k▼ 17.9%
The debt ratio rises from 6.6% to 6.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-209k▼
2024 · €70k
Cash flow
€-201k▼
2024 · €57k
Solvency
93.4%▼
2024 · 93.4%
Current ratio
20.66▼
2024 · 21.48
Quick ratio
20.66▼
2024 · 21.48
Debt / equity
0.07▲
2024 · 0.07
ROE
-23.4%▼
2024 · 4.3%
ROA
-21.9%▼
2024 · 4.0%
Interest coverage
-171.12▼
2024 · 26.72
Debt
€64k▼
2024 · €77k
Debt ≤ 1 year
€45k▼
2024 · €53k
Debt > 1 year
€19k▼
2024 · €24k
Income taxes
€0▼
2024 · €23k
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€1.18M€957k▼
Fixed assets21/28€34k€30k▼
Intangible fixed assets21-€5k
Tangible fixed assets22/27€34k€25k▼
Land and buildings22€28k€23k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€5k€2k▼
Current assets29/58€1.15M€927k▼
Amounts receivable after more than one year29€60k€24k▼
Other amounts receivable291€60k€24k▼
Amounts receivable within one year40/41€19k€53k▲
Trade receivables40€8k€31k▲
Other amounts receivable41€11k€21k▲
Current investments50/53€642k€556k▼
Cash at bank and in hand54/58€379k€277k▼
Deferred charges and accrued income490/1€46k€18k▼
Equity and liabilities
Total equity and liabilities10/49€1.18M€957k▼
Equity10/15€1.10M€894k▼
Contributions10/11€12k€12k=
Reserves13€1.09M€881k▼
Distributable reserves133€1.09M€881k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€77k€64k▼
Amounts payable after more than one year17€24k€19k▼
Financial debts170/4€24k€19k▼
Amounts payable within one year42/48€53k€45k▼
Current portion of amounts payable after more than one year42€5k€5k▼
Financial debts43€2k€300▼
Credit institutions430/8€2k€300▼
Trade debts44€39k€24k▼
Suppliers440/4€39k€24k▼
Taxes, remuneration and social security45€8k€0▼
Taxes450/3€8k€0▼
Other amounts payable47/48€89€16k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€342€3k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€71k€-203k▼
Operating profit (loss)9901€61k€-218k▼
Financial income75/76B€12k€10k▼
Recurring financial income75€12k€10k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€1k▼
Non-recurring financial charges66B€63€936▲
Profit (loss) for the period before taxes9903€71k€-209k▼
Income taxes67/77€23k€0▼
Profit (loss) for the period9904€47k€-209k▼
Profit (loss) for the period to be appropriated9905€47k€-209k▼
Appropriation of the result
Profit (loss) to be appropriated9906€47k€-209k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€26k€209k▲
Transfer to equity691/2€47k€0▼
To other reserves6921€47k€0▼
Profit to be distributed694/7€26k€0▼
Return on contributions (dividend)694€26k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (15 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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-209k ▼543%
Net result drops to €-209k, the lowest in the series.
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Liquidity triplescurrent ratio 21.48
Current ratio from 6.69 to 21.48; short-term debt falls from €188k to €53k.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €1MEq €1.08M ▲32.8%
3 profitable years in a row build equity to €1.08M.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €454k ▲1004%
Operating result €680k, net result €454k, both a record.
30-09
Financial
Equity above €500kEq €814k ▲126%
2 profitable years in a row build equity to €814k.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
30-09
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 81 days late
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €119k
Net result €119k after one loss-making year.
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Zandhoven · 1 establishment unit since 2005
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.
Dorp 102242 ZandhovenGround area
313 m²
Building footprint
95 m²
Volume, LiDAR
512 m³
Parcel 11033B0451/00G003, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Adrem Shipbrokers
since 20052.237.315.787
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11033B0451/00G003 | Flanders | 313 m² | 1 · 95 m² | 7.7 m · 2 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 · 720 EUR awarded · 720 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 720 EUR | 720 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
875500PDDOOTNRFBJB18
Similar companies · same sector, comparable size
SunUnited
BE 0831.674.238
Kontich · Eq €894k
COMMA
BE 0464.040.971
Roeselare · Eq €894k
PIPE CONSULT
BE 0693.737.268
Dison · Eq €893k
CIRCLAIR
BE 1017.358.665
Niel · Eq €893k
Studiebureau Poelmans
BE 0425.210.881
Lummen · Eq €894k
Of 11,553 companies in sector 71121 we hold annual accounts for 6,555. 3,594 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-10-2005
Fiscal year end30-09
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.