ADW FRESH TRADE
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2025.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 19-11-2025, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
6 d early
2023
22 d late
2022
8 d late
2021
1 d early
2020
1 d early
2019
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Turnover
€172k▼ 96.6%
2018 · €4.99M
2018: €4.99M
2018 → 2019
EBIT margin
-67.7%▼ 77.5pp
2018 · 9.7%
2018: 9.7%
2018 → 2019
Net result
€-3k▼ 124%
2024 · €-1k
2018: €435k
2019: €44k
2020: €2k
2021: €19k
2022: €66k
2023: €65k
2024: €-1k
2018 → 2025
Working capital
€883k▼ 1.0%
2024 · €892k
2018: €6.81M
2019: €6.79M
2020: €6.73M
2021: €6.75M
2022: €6.13M
2023: €886k
2024: €892k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6.93M-€7.00M▲ 1.0%€1.32M▼ 81.2%€1.31M▼ 0.1%€1.31M▼ 0.2%
Operating result€-62k-€-8k▲ 86.7%€-7k▲ 11.6%€-9k▼ 24.2%€-8k▲ 13.6%
Net result€19k-€66k▲ 251%€65k▼ 1.9%€-1k€-3k▼ 124%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €9k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.41M
Fixed assets
€430k=
Current assets
€976k▼ 71.4%
Equity and liabilities €1.41M
Equity
€1.31M▼ 0.2%
Debt
€95k▼ 96.3%
The debt ratio falls from 65.8% to 6.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▲
2024 · €-9k
Cash flow
€-3k▼
2024 · €-1k
Solvency
93.3%▲
2024 · 34.2%
Current ratio
10.43▲
2024 · 1.35
Quick ratio
10.43▲
2024 · 1.35
Debt / equity
0.07▼
2024 · 1.93
ROE
-0.2%▼
2024 · -0.1%
ROA
-0.2%▼
2024 · 0.0%
Interest coverage
-12.75▼
2024 · -10.12
Debt
€95k▼
2024 · €2.53M
Debt ≤ 1 year
€94k▼
2024 · €2.52M
Staff costs
€231▼
2024 · €2k
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€3.85M€1.41M▼
Fixed assets21/28€430k€430k=
Intangible fixed assets21€0€0▼
Financial fixed assets28€430k€430k=
Current assets29/58€3.42M€976k▼
Amounts receivable within one year40/41€3.41M€956k▼
Trade receivables40€2.55M€242k▼
Other amounts receivable41€857k€714k▼
Cash at bank and in hand54/58€4k€19k▲
Deferred charges and accrued income490/1-€825
Equity and liabilities
Total equity and liabilities10/49€3.85M€1.41M▼
Equity10/15€1.31M€1.31M▼
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€750k€750k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€67k€67k=
Distributable reserves133€676k€676k=
Profit (loss) carried forward14€489k€486k▼
Amounts payable17/49€2.53M€95k▼
Amounts payable within one year42/48€2.52M€94k▼
Trade debts44€2.52M€94k▼
Suppliers440/4€2.52M€94k▼
Accrued charges and deferred income492/3€7k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€2k€231▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0€0▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-5k€-6k▼
Operating profit (loss)9901€-9k€-8k▲
Financial income75/76B€9k€6k▼
Recurring financial income75€9k€6k▼
Financial charges65/66B€892€611▼
Recurring financial charges65€892€611▼
Profit (loss) for the period before taxes9903€-429€-3k▼
Income taxes67/77€741-
Profit (loss) for the period9904€-1k€-3k▼
Profit (loss) for the period to be appropriated9905€-1k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€489k€486k▼
Profit (loss) brought forward from the previous period14P€490k€489k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
27-03
State Gazette act
General meeting · Merger
Accounting effect · Capital · Anthony Ampe
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
31-03
Financial
Liquidity times 8current ratio 10.43
Current ratio from 1.35 to 10.43; short-term debt falls from €2.52M to €94k.
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Liquidity times 66current ratio 789.19
Current ratio from 12.01 to 789.19; short-term debt falls from €611k to €9k.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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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Structure & network
Acquisitions and mergers
1 transactionTaken over by:ADW Fresh Trade