ADRINK
ActiveSummary
ADRINK has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,966 and a net result of €7,999. Equity is growing by ~56.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 7081 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+6
Solvency91▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.95 against 2.65 in 2024; short-term debt: 33.7% and cash: 13% of total assets), and 33.7% of the assets are financed with debt.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
4 d late
2023
10 d late
2022
4 d late
2021
3 d early
2020
37 d late
2019
7 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 6 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€61,966▲ 14.8%
2024 · €53,966
Total assets
€93,476▲ 5.4%
2024 · €88,683
Net result
€7,999▲ 165%
2024 · €3,015
Working capital
€61,459▲ 12.8%
2024 · €54,470
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20212022202320242025
Operating result€3,864▼ 65.8%€34,898▲ 803%€7,751▼ 77.8%€12,849▲ 65.8%€15,024▲ 16.9%
Net result€270within the sector's middle half▼ 95.6%€24,941within the sector's middle half▲ 9,135%€3,023within the sector's middle half▼ 87.9%€3,015within the sector's middle half▼ 0.3%€7,999within the sector's middle half▲ 165%
Equity€10,637below the sector's middle half▲ 2.6%€47,928within the sector's middle half▲ 351%€50,952within the sector's middle half▲ 6.3%€53,966within the sector's middle half▲ 5.9%€61,966within the sector's middle half▲ 14.8%
Total assets€25,096below the sector's middle half▼ 36.6%€67,448within the sector's middle half▲ 169%€71,892within the sector's middle half▲ 6.6%€88,683within the sector's middle half▲ 23.4%€93,476within the sector's middle half▲ 5.4%
Debt€14,459▼ 50.6%€19,519▲ 35.0%€20,940▲ 7.3%€34,717▲ 65.8%€31,511▼ 9.2%
Working capital€11,926▼ 46.4%€48,704▲ 308%€50,850▲ 4.4%€54,470▲ 7.1%€61,459▲ 12.8%
Solvency42.4%within the sector's middle half▲ 16.2pp71.1%within the sector's middle half▲ 28.7pp70.9%within the sector's middle half▼ 0.2pp60.9%within the sector's middle half▼ 10.0pp66.3%within the sector's middle half▲ 5.4pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,476
Fixed assets
€507 ▼ 54.4%
Current assets
€92,969 ▲ 6.2%
Equity and liabilities €93,476
Equity
€61,966 ▲ 14.8%
Debt
€31,511 ▼ 9.2%
Debt's share of the balance-sheet total falls from 39.1% to 33.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,629▲
2024 · €13,454
Cash flow
€8,604▲
2024 · €3,620
Current ratio
2.95▲
2024 · 2.65
Quick ratio
1.03▼
2024 · 1.14
Debt to equity
0.51▼
2024 · 0.64
ROE
12.9%▲
2024 · 5.6%
ROA
8.6%▲
2024 · 3.4%
Interest coverage
12.32▼
2024 · 17.93
Debt ≤ 1 year
€31,511▼
2024 · €33,102
Income taxes
€5,756▼
2024 · €9,088
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 34,672 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,802 | €503 | €329 | €605 | €605 | = |
| Other operating charges640/8 | - | €795 | €890 | €1,003 | €126 | ▼ 87.4% |
| Gross operating margin9900 | €9,551 | €36,195 | €8,970 | €14,458 | €15,755 | ▲ 9.0% |
| Operating profit (loss)9901 | €3,864 | €34,898 | €7,751 | €12,849 | €15,024 | ▲ 16.9% |
| Financial income75/76B | - | €10 | - | €4 | - | - |
| Recurring financial income75 | €0 | €10 | - | €4 | - | - |
| Financial charges65/66B | - | €133 | €227 | €750 | €1,268 | ▲ 69.0% |
| Recurring financial charges65 | €239 | €133 | €227 | €750 | €1,268 | ▲ 69.0% |
| Profit (loss) for the period before taxes9903 | €3,626 | €34,775 | €7,525 | €12,102 | €13,756 | ▲ 13.7% |
| Income taxes67/77 | €3,355 | €9,834 | €4,502 | €9,088 | €5,756 | ▼ 36.7% |
| Profit (loss) for the period9904 | €270 | €24,941 | €3,023 | €3,015 | €7,999 | ▲ 165% |
| Profit (loss) for the period to be appropriated9905 | €270 | €24,941 | €3,023 | €3,015 | €7,999 | ▲ 165% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,096 | €67,448 | €71,892 | €88,683 | €93,476 | ▲ 5.4% |
| Fixed assets21/28 | €327 | €840 | €1,717 | €1,112 | €507 | ▼ 54.4% |
| Tangible fixed assets22/27 | €327 | €840 | €1,717 | €1,112 | €507 | ▼ 54.4% |
| Furniture and vehicles24 | - | €840 | €1,717 | €1,112 | €507 | ▼ 54.4% |
| Current assets29/58 | €24,770 | €66,607 | €70,175 | €87,571 | €92,969 | ▲ 6.2% |
| Stocks and contracts in progress3 | - | €15,000 | €36,937 | €49,925 | €60,389 | ▲ 21.0% |
| Stocks30/36 | - | €15,000 | €36,937 | €49,925 | €60,389 | ▲ 21.0% |
| Amounts receivable within one year40/41 | €399 | €10,969 | €21,924 | €35,490 | €19,066 | ▼ 46.3% |
| Trade receivables40 | - | €10,969 | €17,317 | €32,228 | €16,335 | ▼ 49.3% |
| Other amounts receivable41 | - | - | €4,607 | €3,262 | €2,731 | ▼ 16.3% |
| Cash at bank and in hand54/58 | €22,157 | €40,639 | €11,315 | €451 | €12,180 | ▲ 2,601% |
| Deferred charges and accrued income490/1 | - | - | - | €1,706 | €1,334 | ▼ 21.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,096 | €67,448 | €71,892 | €88,683 | €93,476 | ▲ 5.4% |
| Equity10/15 | €10,637 | €47,928 | €50,952 | €53,966 | €61,966 | ▲ 14.8% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | €4,437 | €29,378 | €32,402 | €35,416 | €43,416 | ▲ 22.6% |
| Amounts payable17/49 | €14,459 | €19,519 | €20,940 | €34,717 | €31,511 | ▼ 9.2% |
| Amounts payable within one year42/48 | €12,844 | €17,904 | €19,325 | €33,102 | €31,511 | ▼ 4.8% |
| Trade debts44 | - | €2,178 | €2,336 | €14,128 | €4,075 | ▼ 71.2% |
| Suppliers440/4 | - | €2,178 | €2,336 | €14,128 | €4,075 | ▼ 71.2% |
| Taxes, remuneration and social security45 | - | €14,065 | €7,032 | €5,182 | €11,197 | ▲ 116% |
| Taxes450/3 | - | €14,065 | €7,032 | €5,182 | €8,305 | ▲ 60.3% |
| Remuneration and social security454/9 | - | - | - | - | €2,892 | - |
| Other amounts payable47/48 | - | €1,660 | €9,957 | €13,792 | €16,239 | ▲ 17.7% |
| Accrued charges and deferred income492/3 | - | €1,615 | €1,615 | €1,615 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €270 | €24,941 | €3,023 | €3,015 | €7,999 | ▲ 165% |
| + Depreciation and write-downs630 | €4,802 | €503 | €329 | €605 | €605 | = |
| Operating cash flow (approximation) | €5,072 | €25,444 | €3,352 | €3,620 | €8,604 | ▲ 138% |
| Investment in fixed assets (approximation) | - | -€1,016 | -€1,206 | €0 | €0 | - |
| Change in cash | - | €18,482 | -€29,324 | -€10,864 | €11,729 | ▲ 208% |
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 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 10 days late
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
31-03
Financial
Highest result since 2019net €24,941 ▲9,135%
Operating result €34,898, net result €24,941, both a record.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €270 ▼95.6%
Net result drops to €270, the lowest in the series; recovery starts the following year.
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 37 days late
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 82 days late
2017
09-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
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, Zwevegem · 1 establishment unit since 2016
Ground area
986 m²
Building footprint
250 m²
Volume, LiDAR
2,023 m³
Parcel 34042B0080/00W002, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Adrink BVBA
since 20162.252.197.765
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042B0080/00W002 | Flanders | 986 m² | 1 · 250 m² | 11.8 m · 3 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 13,417 companies in sector 73300 we hold annual accounts for 6,899. 5,566 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)
Founded07-04-2016
Fiscal year end31-03
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0651698359
Also
9925:BE0651698359
Registered
18-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.