Ayoub-Adam
Open bankruptcyA bankruptcy procedure is open for Ayoub-Adam according to publications in the Belgian State Gazette; curator: LUCILLE BERMOND.
Summary
The 2023 annual accounts show equity of €170k and a net result of €94k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 02-10-2024, 63 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
not confirmed
2024
not filed
2023
63 d late
2022
88 d late
2021
150 d late
2020
51 d early
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€170k▲ 124%
2022 · €76k
2018: €52k
2019: €67k
2020: €65k
2021: €71k
2022: €76k
2018 → 2023
Total assets
€439k▼ 27.2%
2022 · €603k
2018: €171k
2019: €175k
2020: €210k
2021: €172k
2022: €603k
2018 → 2023
Net result
€94k▲ 1,682%
2022 · €5k
2018: €48k
2019: €15k
2020: €-1k
2021: €6k
2022: €5k
2018 → 2023
Working capital
€133k▲ 69.3%
2022 · €79k
2018: €37k
2019: €88k
2020: €71k
2021: €68k
2022: €79k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€67k-€65k▼ 2.2%€71k▲ 8.7%€76k▲ 7.5%€170k▲ 124%
Operating result€28k-€12k▼ 59.0%€7k▼ 36.8%€11k▲ 55.8%€133k▲ 1,065%
Net result€15k-€-1k€6k€5k▼ 6.6%€94k▲ 1,682%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 1,065% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €439k
Fixed assets
€195k ▼ 12.6%
Current assets
€244k ▼ 35.7%
Equity and liabilities €439k
Equity
€170k ▲ 124%
Debt
€269k ▼ 49.0%
Debt's share of the balance-sheet total falls from 87.4% to 61.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€161k▲
2022 · €33k
Cash flow
€122k▲
2022 · €27k
Current ratio
2.20▲
2022 · 1.26
Quick ratio
2.18▲
2022 · 1.25
Debt to equity
1.58▼
2022 · 6.93
ROE
55.4%▲
2022 · 7.0%
ROA
21.5%▲
2022 · 0.9%
Interest coverage
11.32▲
2022 · 5.45
Debt ≤ 1 year
€111k▼
2022 · €301k
Debt > 1 year
€158k▼
2022 · €176k
Income taxes
€35k
Staff costs
€5k▲
2022 · €3k
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 · 2023 against 2022 · 47 lines
Balance sheet
Code20222023
Assets
Total assets20/58€603k€439k▼
Fixed assets21/28€223k€195k▼
Tangible fixed assets22/27€223k€195k▼
Land and buildings22€65k€58k▼
Plant, machinery and equipment23€92k€81k▼
Furniture and vehicles24€4k-
Other tangible fixed assets26€62k€56k▼
Current assets29/58€380k€244k▼
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€373k€240k▼
Trade receivables40€165k-
Other amounts receivable41€208k€240k▲
Current investments50/53€4k-
Cash at bank and in hand54/58-€1k
Equity and liabilities
Total equity and liabilities10/49€603k€439k▼
Equity10/15€76k€170k▲
Contributions10/11€7k€7k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€67k€161k▲
Amounts payable17/49€527k€269k▼
Amounts payable after more than one year17€176k€158k▼
Financial debts170/4€176k€158k▼
Amounts payable within one year42/48€301k€111k▼
Current portion of amounts payable after more than one year42€19k€29k▲
Trade debts44€247k€22k▼
Suppliers440/4€247k€22k▼
Taxes, remuneration and social security45€35k€60k▲
Taxes450/3€35k€60k▲
Remuneration and social security454/9-€409
Accrued charges and deferred income492/3€50k-
Income statement
Code20222023
Remuneration, social security and pensions62€3k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€28k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€38k€167k▲
Operating profit (loss)9901€11k€133k▲
Financial income75/76B-€11k
Recurring financial income75-€11k
Financial charges65/66B€6k€14k▲
Recurring financial charges65€6k€14k▲
Profit (loss) for the period before taxes9903€5k€129k▲
Income taxes67/77-€35k
Profit (loss) for the period9904€5k€94k▲
Profit (loss) for the period to be appropriated9905€5k€94k▲
Appropriation of the result
Profit (loss) to be appropriated9906€67k€161k▲
Profit (loss) brought forward from the previous period14P€61k€67k▲
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
2025
14-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL AYOUB-ADAM RUE FRANCOIS VEKEMANS 197, 1120 NEDER-OVER-HEEMBEEK · event 04-07-2025
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
31-12
Financial
Highest result since 2018net €94k ▲1682%
Operating result €133k, net result €94k, both a record.
31-12
Financial
Equity above €150kEq €170k ▲124%
3 profitable years in a row build equity to €170k.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 150 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-1k ▼110%
Net result drops to €-1k, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 59 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
Show earlier events
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
2 establishment units since 2013
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.
Ground area
859 m²
Building footprint
562 m²
Volume, LiDAR
5,907 m³
3 parcels, Brussels · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Boulangerie Ayoub
since 20132.232.989.389
ADAM
since 20172.273.435.421
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819D0176/00M000 | Brussels | 485 m² | 1 · 214 m² | 17.2 m · 5 fl. |
| 21819D0182/00T007 | Brussels | 250 m² | 1 · 250 m² | 13.3 m · 3 fl. |
| 21819D0192/00G003 | Brussels | 124 m² | 1 · 98 m² | 15.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LUCILLE BERMOND CHAUSSEE DE LA HULPE 187,
1170 WATERMAEL-BOITSFORT |
04-07-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrussel2.232.989.389
Brussel2.273.435.421
Legal Entity Identifier
984500F3DT97AD5B8D57
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Of 2,407 companies in sector 47241 we hold annual accounts for 1,100. 849 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 (pre-2019)
Founded08-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
47242Retail sale of chocolate and confectionery
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0487/209108