ADRIVAL
Open bankruptcyA bankruptcy procedure is open for ADRIVAL according to publications in the Belgian State Gazette; curator: LUCILLE BERMOND.
Summary
The 2025 annual accounts show negative equity (-€141,281) and a net result of €34,623.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Commercial Court of Brussels
- Declared bankrupt
- 1 October 2018
- Supervising judge
- Josette Van Elderen
- Official Gazette
- 12-10-2018 (pdf) ↗search the document for 2018/141654
Curator
- Lucille BermondChaussee De La Hulpe 187, 1170. Watermael-Boitsfortl.bermond@janson.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 13560 sector peers (2025).
NBB · sector comparisonPosition among 13560 sector peers
Solvency
better than 15%
← weakest
strongest →
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 · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
154 d early
2022
31 d late
2021
31 d early
2020
74 d late
2019
133 d late
← 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 8 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Debtor check How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34,623▲ 14.1%
2024 · €30,340
Working capital
-€266,140▲ 19.4%
2024 · -€330,250
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
Line20212022202320242025
Operating result-€104,785▼ 110%-€73,560▲ 29.8%-€95,480▼ 29.8%-€23,489▲ 75.4%€40,158
Net result-€95,673▼ 71.2%-€66,929▲ 30.0%-€92,308▼ 37.9%€30,340€34,623▲ 14.1%
Equity-€47,007-€113,936▼ 142%-€206,244▼ 81.0%-€175,904▲ 14.7%-€141,281▲ 19.7%
Total assets€218,971▼ 29.4%€163,660▼ 25.3%€241,381▲ 47.5%€277,798▲ 15.1%€305,536▲ 10.0%
Debt€197,484▲ 4.4%€215,897▲ 9.3%€389,347▲ 80.3%€453,702▲ 16.5%€446,816▼ 1.5%
Working capital-€127,301▼ 187%-€180,225▼ 41.6%-€330,227▼ 83.2%-€330,250=-€266,140▲ 19.4%
Staff (FTE)3.43.9▲ 14.7%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €40,158 after a loss of €23,489 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €305,536
Fixed assets
€136,859 ▼ 17.7%
Current assets
€168,676 ▲ 51.3%
Key figures and ratios
EBITDA
€75,044▲
2024 · €10,644
Cash flow
€69,510▲
2024 · €64,473
Solvency
-46.2%▲
2024 · -63.3%
Current ratio
0.39▲
2024 · 0.25
Quick ratio
0.38▲
2024 · 0.24
Debt to equity
-3.16▼
2024 · -2.58
ROA
11.3%▲
2024 · 10.9%
Interest coverage
13.51▲
2024 · 2.39
Debt ≤ 1 year
€434,816▼
2024 · €441,702
Debt > 1 year
€12,000=
2024 · €12,000
Staff costs
€66,971▼
2024 · €114,553
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €114,553 | €66,971 | ▼ 41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,330 | €24,770 | €29,770 | €34,133 | €34,887 | ▲ 2.2% |
| Other operating charges640/8 | - | €8,884 | €2,311 | €5,050 | - | - |
| Gross operating margin9900 | -€71,296 | -€39,907 | -€63,399 | €130,247 | €142,016 | ▲ 9.0% |
| Operating profit (loss)9901 | -€104,785 | -€73,560 | -€95,480 | -€23,489 | €40,158 | ▲ 271% |
| Financial income75/76B | - | €19 | €19 | - | €19 | - |
| Recurring financial income75 | €22 | €19 | €19 | - | €19 | - |
| Financial charges65/66B | - | €183 | €268 | €4,449 | €5,553 | ▲ 24.8% |
| Recurring financial charges65 | €1,525 | €183 | €268 | €4,449 | €5,553 | ▲ 24.8% |
| Profit (loss) for the period before taxes9903 | -€106,288 | -€73,724 | -€95,729 | -€27,938 | €34,623 | ▲ 224% |
| Transfer from deferred taxes780 | - | €6,795 | €3,421 | €58,278 | - | - |
| Income taxes67/77 | -€6,567 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€95,673 | -€66,929 | -€92,308 | €30,340 | €34,623 | ▲ 14.1% |
| Transfer from tax-exempt reserves789 | - | €20,923 | €10,262 | €200,276 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€85,411 | -€46,006 | -€82,046 | €230,616 | €34,623 | ▼ 85.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €218,971 | €163,660 | €241,381 | €277,798 | €305,536 | ▲ 10.0% |
| Fixed assets21/28 | €148,787 | €127,987 | €194,261 | €166,346 | €136,859 | ▼ 17.7% |
| Intangible fixed assets21 | €143,314 | €119,427 | €95,541 | €71,654 | €47,768 | ▼ 33.3% |
| Tangible fixed assets22/27 | €5,474 | €8,560 | €98,721 | €94,692 | €89,092 | ▼ 5.9% |
| Land and buildings22 | - | €6,578 | €48,339 | €48,543 | €44,796 | ▼ 7.7% |
| Plant, machinery and equipment23 | - | - | €45,850 | €42,880 | €37,338 | ▼ 12.9% |
| Furniture and vehicles24 | - | - | €2,913 | €2,015 | €1,116 | ▼ 44.6% |
| Leasing and similar rights25 | - | - | - | - | €4,951 | - |
| Other tangible fixed assets26 | - | €1,982 | - | €1,255 | €891 | ▼ 29.0% |
| Assets under construction and advance payments27 | - | - | €1,618 | - | - | - |
| Current assets29/58 | €70,183 | €35,672 | €47,119 | €111,452 | €168,676 | ▲ 51.3% |
| Stocks and contracts in progress3 | - | - | - | €6,432 | €5,253 | ▼ 18.3% |
| Stocks30/36 | - | - | - | €6,432 | €5,253 | ▼ 18.3% |
| Amounts receivable within one year40/41 | €42,966 | €9,930 | €25,456 | €25,334 | - | - |
| Trade receivables40 | - | €2,809 | €2,809 | €18,410 | - | - |
| Other amounts receivable41 | - | €7,121 | €22,647 | €6,924 | - | - |
| Current investments50/53 | - | - | - | - | €3,716 | - |
| Cash at bank and in hand54/58 | €27,052 | €25,743 | €21,093 | €79,686 | €159,708 | ▲ 100% |
| Deferred charges and accrued income490/1 | - | - | €571 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €218,971 | €163,660 | €241,381 | €277,798 | €305,536 | ▲ 10.0% |
| Equity10/15 | -€47,007 | -€113,936 | -€206,244 | -€175,904 | -€141,281 | ▲ 19.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €231,461 | €210,538 | €200,276 | - | - | - |
| Tax-exempt reserves132 | - | €210,538 | €200,276 | - | - | - |
| Profit (loss) carried forward14 | -€297,068 | -€343,074 | -€425,120 | -€194,504 | -€159,881 | ▲ 17.8% |
| Provisions and deferred taxes16 | €68,494 | €61,698 | €58,278 | - | - | - |
| Deferred taxes168 | - | €61,698 | €58,278 | - | - | - |
| Amounts payable17/49 | €197,484 | €215,897 | €389,347 | €453,702 | €446,816 | ▼ 1.5% |
| Amounts payable after more than one year17 | - | - | €12,000 | €12,000 | €12,000 | = |
| Financial debts170/4 | - | - | €12,000 | €12,000 | €12,000 | = |
| Amounts payable within one year42/48 | €197,484 | €215,897 | €377,347 | €441,702 | €434,816 | ▼ 1.6% |
| Trade debts44 | €9,407 | €7,971 | €6,215 | €25,524 | €22,467 | ▼ 12.0% |
| Suppliers440/4 | - | €7,971 | €6,215 | €25,524 | €22,467 | ▼ 12.0% |
| Taxes, remuneration and social security45 | - | - | - | €29,135 | €40,852 | ▲ 40.2% |
| Taxes450/3 | - | - | - | €5,918 | €18,418 | ▲ 211% |
| Remuneration and social security454/9 | - | - | - | €23,216 | €22,435 | ▼ 3.4% |
| Other amounts payable47/48 | - | €207,927 | €371,132 | €387,043 | €371,497 | ▼ 4.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€95,673 | -€66,929 | -€92,308 | €30,340 | €34,623 | ▲ 14.1% |
| + Depreciation and write-downs630 | €24,330 | €24,770 | €29,770 | €34,133 | €34,887 | ▲ 2.2% |
| Operating cash flow (approximation) | -€71,343 | -€42,159 | -€62,538 | €64,473 | €69,510 | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | -€3,970 | -€96,044 | -€6,217 | -€5,400 | ▲ 13.1% |
| Change in cash | - | -€1,310 | -€4,650 | €58,594 | €80,021 | ▲ 36.6% |
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
31-03
Financial
Highest result since 2019net €34,623 ▲14.1%
Net result €34,623, the highest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €30,340
Net result €30,340 after 5 loss-making years.
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Weakest financial yearnet -€95,673
Net result drops to -€95,673, the lowest in the series.
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 74 days late
2020
12-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 133 days late
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 205 days late
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 570 days late
2018
12-10
Bankruptcy
Opening
Tribunal de commerce francophone de Bruxelles · event 01-10-2018
13-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 470 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
9 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, Brussel · 1 establishment unit since 2014
Ground area
170 m²
Building footprint
157 m²
Volume, LiDAR
3,061 m³
Parcel 21811M0970/00D002, Brussels · tallest building 22.5 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
ADRIVAL SPRL
since 20142.230.538.259
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M0970/00D002 | Brussels | 170 m² | 1 · 157 m² | 22.5 m · 7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LUCILLE BERMOND CHAUSSEE DE LA HULPE 187,
1170. WATERMAEL-BOITSFORT |
01-10-2018 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.230.538.259
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 9,815 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
Founded06-12-2013
Fiscal year end31-03
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0542778445
Also
9925:BE0542778445
Registered
22-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.