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ADRICLAS

Active
Public limited companyfounded 200422 yrs activeThy 54, 1470 Genappe, BelgiumKBO/BCE: BE 0867.190.490
Summary

ADRICLAS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €191,057 and a net result of €16,728. Equity is growing by ~8.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability78▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.28 in 2023; short-term debt: 11.8% and cash: 4.3% of total assets), and 13.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 22 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 d early
2024
14 d early
2023
19 d late
2022
46 d early
2021
45 d early
2020
43 d early
2019
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 30 days before 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 (2)
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. Usually files around 18 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 September 2004, ADRICLAS was incorporated.1 Total assets went from EUR 274,661 in 2018 to EUR 219,741 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€191,057▼ 2.2%
2023 · €195,328
Total assets
€219,741▼ 2.9%
2023 · €226,241
Net result
€16,728▲ 18.4%
2023 · €14,134
Working capital
-€16,435▲ 18.9%
2023 · -€20,264
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€22,532▼ 1.5%€22,979▲ 2.0%€24,375▲ 6.1%€22,150▼ 9.1%€25,224▲ 13.9%
Net result€14,146▲ 7.0%€14,571▲ 3.0%€15,618▲ 7.2%€14,134▼ 9.5%€16,728▲ 18.4%
Equity€151,006▲ 10.3%€165,577▲ 9.6%€181,195▲ 9.4%€195,328▲ 7.8%€191,057▼ 2.2%
Total assets€253,550▼ 4.3%€241,698▼ 4.7%€235,168▼ 2.7%€226,241▼ 3.8%€219,741▼ 2.9%
Debt€102,545▼ 20.0%€76,121▼ 25.8%€53,973▼ 29.1%€30,913▼ 42.7%€28,685▼ 7.2%
Working capital-€27,996▼ 6.8%-€32,581▼ 16.4%-€25,765▲ 20.9%-€20,264▲ 21.4%-€16,435▲ 18.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2020: €22,532€22,532Net result 2020: €14,146€14,146Operating result 2021: €22,979€22,979Net result 2021: €14,571€14,571Operating result 2022: €24,375€24,375Net result 2022: €15,618€15,618Operating result 2023: €22,150€22,150Net result 2023: €14,134€14,134Operating result 2024: €25,224€25,224Net result 2024: €16,728€16,72820202021202220232024€0€10,000€20,000€30,000Operating result 2022: €24,375€24,400Net result 2022: €15,618€15,600Operating result 2023: €22,150€22,200Net result 2023: €14,134€14,100Operating result 2024: €25,224€25,200Net result 2024: €16,728€16,700202220232024
The operating result recovers in 2024; 2024 is 14% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €219,741
Fixed assets €210,192 ▼ 3.7%
Current assets €9,549 ▲ 20.1%
Equity and liabilities €219,741
Equity €191,057 ▼ 2.2%
Debt €28,685 ▼ 7.2%
Debt's share of the balance-sheet total falls from 13.7% to 13.1%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€33,324▲
2023 · €30,250
Cash flow
€24,828▲
2023 · €22,234
Current ratio
0.37▲
2023 · 0.28
Debt to equity
0.15▼
2023 · 0.16
ROE
8.8%▲
2023 · 7.2%
ROA
7.6%▲
2023 · 6.2%
Interest coverage
42.41▲
2023 · 21.03
Debt ≤ 1 year
€25,985▼
2023 · €28,213
Income taxes
€7,709▲
2023 · €6,578
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.8% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 31,370 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€226,241€219,741▼
Fixed assets21/28€218,292€210,192▼
Tangible fixed assets22/27€218,292€210,192▼
Land and buildings22€218,292€210,192▼
Current assets29/58€7,949€9,549▲
Cash at bank and in hand54/58€7,949€9,549▲
Equity and liabilities
Total equity and liabilities10/49€226,241€219,741▼
Equity10/15€195,328€191,057▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€133,328€129,057▼
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€127,128€122,857▼
Profit (loss) carried forward14-€0
Amounts payable17/49€30,913€28,685▼
Amounts payable within one year42/48€28,213€25,985▼
Current portion of amounts payable after more than one year42€18,927€2,197▼
Taxes, remuneration and social security45€7,786€2,337▼
Taxes450/3€7,786€2,337▼
Other amounts payable47/48€1,500€21,450▲
Accrued charges and deferred income492/3€2,700€2,700=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,100€8,100=
Other operating charges640/8€645€387▼
Gross operating margin9900€30,895€33,711▲
Operating profit (loss)9901€22,150€25,224▲
Financial charges65/66B€1,439€786▼
Recurring financial charges65€1,439€786▼
Profit (loss) for the period before taxes9903€20,711€24,438▲
Income taxes67/77€6,578€7,709▲
Profit (loss) for the period9904€14,134€16,728▲
Profit (loss) for the period to be appropriated9905€14,134€16,728▲
Appropriation of the result
Profit (loss) to be appropriated9906€14,134€16,728▲
Transfer from equity791/2-€21,000
Transfer to equity691/2€14,134€16,728▲
To other reserves6921€14,134€16,728▲
Profit to be distributed694/7-€21,000
Return on contributions (dividend)694-€21,000

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,100€8,100€8,100€8,100€8,100=
Other operating charges640/8-€402€405€645€387▼ 39.9%
Gross operating margin9900€31,034€31,482€32,879€30,895€33,711▲ 9.1%
Operating profit (loss)9901€22,532€22,979€24,375€22,150€25,224▲ 13.9%
Financial charges65/66B-€1,211€1,057€1,439€786▼ 45.4%
Recurring financial charges65€1,600€1,211€1,057€1,439€786▼ 45.4%
Profit (loss) for the period before taxes9903€20,932€21,769€23,317€20,711€24,438▲ 18.0%
Income taxes67/77€6,786€7,198€7,699€6,578€7,709▲ 17.2%
Profit (loss) for the period9904€14,146€14,571€15,618€14,134€16,728▲ 18.4%
Profit (loss) for the period to be appropriated9905€14,146€14,571€15,618€14,134€16,728▲ 18.4%
Line20202021202220232024Change
Assets
Total assets20/58€253,550€241,698€235,168€226,241€219,741▼ 2.9%
Fixed assets21/28€242,592€234,492€226,392€218,292€210,192▼ 3.7%
Tangible fixed assets22/27€242,592€234,492€226,392€218,292€210,192▼ 3.7%
Land and buildings22-€234,492€226,392€218,292€210,192▼ 3.7%
Current assets29/58€10,958€7,206€8,776€7,949€9,549▲ 20.1%
Amounts receivable within one year40/41--€127---
Trade receivables40--€127---
Cash at bank and in hand54/58€10,958€7,206€8,649€7,949€9,549▲ 20.1%
Equity and liabilities
Total equity and liabilities10/49€253,550€241,698€235,168€226,241€219,741▼ 2.9%
Equity10/15€151,006€165,577€181,195€195,328€191,057▼ 2.2%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000=
Reserves13€89,006€103,577€119,195€133,328€129,057▼ 3.2%
Non-distributable reserves130/1-€6,200€6,200€6,200€6,200=
Legal reserve130-€6,200€6,200€6,200€6,200=
Distributable reserves133-€97,377€112,995€127,128€122,857▼ 3.4%
Profit (loss) carried forward14----€0-
Amounts payable17/49€102,545€76,121€53,973€30,913€28,685▼ 7.2%
Amounts payable after more than one year17€63,590€36,334€16,732---
Financial debts170/4-€36,334€16,732---
Amounts payable within one year42/48€38,954€39,787€34,541€28,213€25,985▼ 7.9%
Current portion of amounts payable after more than one year42-€25,804€19,634€18,927€2,197▼ 88.4%
Trade debts44€322-----
Taxes, remuneration and social security45-€13,983€14,907€7,786€2,337▼ 70.0%
Taxes450/3-€13,983€14,907€7,786€2,337▼ 70.0%
Other amounts payable47/48---€1,500€21,450▲ 1,330%
Accrued charges and deferred income492/3--€2,700€2,700€2,700=
Line20202021202220232024Change
Profit (loss) for the period9904€14,146€14,571€15,618€14,134€16,728▲ 18.4%
+ Depreciation and write-downs630€8,100€8,100€8,100€8,100€8,100=
Operating cash flow (approximation)€22,246€22,671€23,718€22,234€24,828▲ 11.7%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€3,752€1,443-€700€1,601▲ 329%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €16,728 ▲18.4%
Operating result €25,224, net result €16,728, both a record.
19-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
15-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Equity above €150,000Eq €151,006 ▲10.3%
3 profitable years in a row build equity to €151,006.
23-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Genappe · 1 establishment unit since 2004
seat establishment The establishment unit on the map
Ground area
3,056 m²
Building footprint
329 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
ADRICLAS
Rue de la Station(OB) 19, 6230 Pont-à-CellesRenting and operating of own or leased non-residential real estate, excluding land
since 20042.143.663.277
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25003C0025/00A002 Wallonia 2,457 m² 1 · 250 m² -
52051C0033/00H000 Wallonia 599 m² 1 · 78 m² -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded10-09-2004
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.