Adsea Engineering is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €84k and a net result of €55k. Equity is growing by ~41.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 2423 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 29-04-2026, 93 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
93 d early
2024
36 d early
2023
14 d late
2022
7 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€84k▼ 42.7%
2024 · €147k
2022: €30k
2023: €80k
2024: €147k
2022 → 2025
Net result
€55k▼ 28.9%
2024 · €77k
2022: €20k
2023: €50k
2024: €77k
2022 → 2025
Total assets
€221k▲ 17.4%
2024 · €188k
2022: €41k
2023: €130k
2024: €188k
2022 → 2025
Solvency
38.1%▼ 39.9pp
2024 · 78.0%
2022: 72.8%
2023: 61.3%
2024: 78.0%
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€30k-€80k▲ 169%€147k▲ 83.7%€84k▼ 42.7%
Operating result€25k-€63k▲ 155%€97k▲ 53.5%€72k▼ 26.0%
Net result€20k-€50k▲ 155%€77k▲ 54.0%€55k▼ 28.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221k
Fixed assets
€24k▼ 30.2%
Current assets
€196k▲ 28.4%
Equity and liabilities €221k
Equity
€84k▼ 42.7%
Debt
€137k▲ 230%
The debt ratio rises from 22.0% to 61.9%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
38.1%▼
2024 · 78.0%
ROE
65.4%▲
2024 · 52.7%
ROA
24.9%▼
2024 · 41.1%
Debt
€137k▲
2024 · €41k
Debt ≤ 1 year
€137k▲
2024 · €41k
Income taxes
€17k▼
2024 · €20k
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€188k€221k▲
Formation expenses20€590€376▼
Fixed assets21/28€35k€24k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€35k€24k▼
Plant, machinery and equipment23€1k€233▼
Furniture and vehicles24€33k€24k▼
Current assets29/58€153k€196k▲
Amounts receivable within one year40/41€21k€26k▲
Trade receivables40€21k€23k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€130k€168k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€188k€221k▲
Equity10/15€147k€84k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€137k€74k▼
Amounts payable17/49€41k€137k▲
Amounts payable within one year42/48€41k€137k▲
Current portion of amounts payable after more than one year42€17k-
Trade debts44€884€703▼
Suppliers440/4€884€703▼
Taxes, remuneration and social security45€16k€15k▼
Taxes450/3€16k€15k▼
Other amounts payable47/48€8k€121k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€111k€86k▼
Operating profit (loss)9901€97k€72k▼
Financial income75/76B€223€356▲
Recurring financial income75€223€356▲
Financial charges65/66B€34€88▲
Recurring financial charges65€34€88▲
Profit (loss) for the period before taxes9903€97k€72k▼
Income taxes67/77€20k€17k▼
Profit (loss) for the period9904€77k€55k▼
Profit (loss) for the period to be appropriated9905€77k€55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€137k€192k▲
Profit (loss) brought forward from the previous period14P€59k€137k▲
Profit to be distributed694/7-€118k
Return on contributions (dividend)694-€118k
The notes to these accounts (5 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €77k ▲54%
Operating result €97k, net result €77k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.69
Current ratio from 1.66 to 3.69; short-term debt falls from €50k to €41k.
31-12
Financial
Equity above €100kEq €147k ▲83.7%
3 profitable years in a row build equity to €147k.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Bertrix · 1 establishment unit since 2022
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.
Rue du Docteur-Pierre-Lifrange 326880 BertrixGround area
1,330 m²
Building footprint
106 m²
Parcel 84009A0046/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Adsea Engineering
since 20222.335.054.868
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84009A0046/00M000 | Wallonia | 1,330 m² | 1 · 106 m² | - |
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.
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Of 853 companies in sector 66210 we hold annual accounts for 511. 439 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-08-2022
Fiscal year end31-12
Activities, NACEBEL
66210Risk and damage evaluation
46643Wholesale of electrical equipment, including installation materials
70200Business and other management consultancy
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:william.chaidron@adsea.be
Phone:+32499948588