ADW-SYNDIC-IMMO
ActiveSummary
ADW-SYNDIC-IMMO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95k and a net result of €-3k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-7
Solvency68▼-13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.35 in 2024; short-term debt: 40.6% and cash: 6.6% of total assets), and 56.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.2%
Return on assets
-1.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
31 d early
2023
5 d late
2022
7 d late
2021
19 d late
2020
23 d late
2019
26 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€95k▼ 9.8%
2024 · €105k
2018: €51k
2019: €55k
2020: €64k
2021: €72k
2022: €87k
2023: €97k
2024: €105k
2018 → 2025
Total assets
€219k▲ 16.9%
2024 · €188k
2018: €211k
2019: €207k
2020: €203k
2021: €188k
2022: €176k
2023: €183k
2024: €188k
2018 → 2025
Net result
€-3k
2024 · €8k
2018: €3k
2019: €4k
2020: €9k
2021: €8k
2022: €15k
2023: €10k
2024: €8k
2018 → 2025
Working capital
€-64k▼ 19.4%
2024 · €-53k
2018: €-63k
2019: €-86k
2020: €-93k
2021: €-82k
2022: €-71k
2023: €-62k
2024: €-53k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€87k▲ 21.0%€97k▲ 11.7%€105k▲ 8.6%€95k▼ 9.8%
Operating result€15k-€24k▲ 59.8%€18k▼ 28.0%€13k▼ 23.6%€-626
Net result€8k-€15k▲ 89.0%€10k▼ 32.5%€8k▼ 18.3%€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €626 after €13k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €219k
Fixed assets
€194k ▲ 22.3%
Current assets
€25k ▼ 12.6%
Equity and liabilities €219k
Equity
€95k ▼ 9.8%
Debt
€125k ▲ 51.0%
Debt's share of the balance-sheet total rises from 43.9% to 56.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18k▼
2024 · €26k
Cash flow
€16k▼
2024 · €21k
Current ratio
0.29▼
2024 · 0.35
Debt to equity
1.31▲
2024 · 0.78
ROE
-3.0%▼
2024 · 7.9%
ROA
-1.3%▼
2024 · 4.4%
Interest coverage
8.96▼
2024 · 32.90
Debt ≤ 1 year
€89k▲
2024 · €82k
Debt > 1 year
€34k
Income taxes
€273▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€188k€219k▲
Fixed assets21/28€158k€194k▲
Tangible fixed assets22/27€158k€194k▲
Land and buildings22€138k€128k▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€2k€50k▲
Other tangible fixed assets26€9k€7k▼
Financial fixed assets28€200€200=
Current assets29/58€29k€25k▼
Amounts receivable within one year40/41€14k€11k▼
Trade receivables40€13k€7k▼
Other amounts receivable41€179€4k▲
Cash at bank and in hand54/58€15k€15k▼
Deferred charges and accrued income490/1€473€328▼
Equity and liabilities
Total equity and liabilities10/49€188k€219k▲
Equity10/15€105k€95k▼
Contributions10/11€19k€20k▲
Reserves13€51k€41k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€49k€41k▼
Profit (loss) carried forward14€36k€33k▼
Amounts payable17/49€82k€125k▲
Amounts payable after more than one year17-€34k
Financial debts170/4-€34k
Amounts payable within one year42/48€82k€89k▲
Current portion of amounts payable after more than one year42€3k€13k▲
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Advances received on contracts in progress46€13k-
Taxes, remuneration and social security45€829€1k▲
Taxes450/3€829€1k▲
Other amounts payable47/48€62k€68k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€18k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€29k€20k▼
Operating profit (loss)9901€13k€-626▼
Financial income75/76B€31€54▲
Recurring financial income75€31€54▲
Financial charges65/66B€787€2k▲
Recurring financial charges65€787€2k▲
Profit (loss) for the period before taxes9903€13k€-3k▼
Income taxes67/77€4k€273▼
Profit (loss) for the period9904€8k€-3k▼
Profit (loss) for the period to be appropriated9905€8k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€33k▼
Profit (loss) brought forward from the previous period14P€36k€36k=
Transfer from equity791/2-€8k
Transfer to equity691/2€8k-
To other reserves6921€8k-
Profit to be distributed694/7-€8k
Return on contributions (dividend)694-€8k
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
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Weakest financial yearnet €-3k ▼134%
Net result drops to €-3k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €105k ▲8.6%
7 profitable years in a row build equity to €105k.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Highest result since 2018net €15k ▲89%
Operating result €24k, net result €15k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Fontaine-l'Evêque · 1 establishment unit since 2008
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 Jules Despy(F-E) 236140 Fontaine-l'EvêqueGround area
1,988 m²
Building footprint
201 m²
Volume, LiDAR
2,350 m³
2 parcels, Wallonia · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ADW-SYNDIC-IMMO
since 20082.172.503.753
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52022D0102/00F000 | Wallonia | 1,584 m² | 1 · 138 m² | 14.6 m · 4 fl. |
| 52061A0098/00S018 | Wallonia | 404 m² | 1 · 62 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ML Service
BE 0671.667.095
Staden · Eq €95,661
Solitt Vastgoed
BE 0790.134.482
Nijlen · Eq €93,819
Immobilière Graas Benoît
BE 0440.011.202
Chastre · Eq €95,921
AMPER EN SAND
BE 0779.242.867
Hove · Eq €96,052
city management belgium
BE 0885.497.360
Watermaal-Bosvoorde · Eq €93,392
Of 3,768 companies in sector 68321 we hold annual accounts for 1,391. 986 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.