Summary
IMMO ADAM has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2020 annual accounts show equity of €27,051 and a net result of €5,384. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 14029 sector peers (fiscal year 2020). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability45▼-4
Solvency41▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2020Solvency, return and age of the figures
Solvency
15.6%
Return on assets
3.1%
Age of the figures
69 mo
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 26-07-2021, 5 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
5 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
€27,051▼ 2.6%
2019 · €27,767
Total assets
€173,091▼ 4.6%
2019 · €181,510
Net result
€5,384▼ 34.3%
2019 · €8,200
Working capital
-€6,036▲ 72.7%
2019 · -€22,115
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€12,749-€14,577▲ 14.3%€9,909▼ 32.0%
Net result€8,278-€8,200▼ 0.9%€5,384within the sector's middle half▼ 34.3%
Equity€19,567-€27,767▲ 41.9%€27,051within the sector's middle half▼ 2.6%
Total assets€188,230-€181,510▼ 3.6%€173,091within the sector's middle half▼ 4.6%
Debt€168,663-€153,743▼ 8.8%€146,040▼ 5.0%
Working capital-€16,813--€22,115▼ 31.5%-€6,036within the sector's middle half▲ 72.7%
Solvency10.4%-15.3%▲ 4.9pp15.6%within the sector's middle half▲ 0.3pp
Current ratio0.24-0.20▼ 0.050.29below the sector's middle half▲ 0.10
Return on assets (ROA)4.4%-4.5%▲ 0.1pp3.1%within the sector's middle half▼ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 2020; 2020 is 32% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €173,091
Fixed assets
€170,587 ▼ 3.1%
Current assets
€2,504 ▼ 53.5%
Equity and liabilities €173,091
Equity
€27,051 ▼ 2.6%
Debt
€146,040 ▼ 5.0%
Debt's share of the balance-sheet total falls from 84.7% to 84.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16,688▼
2019 · €21,254
Cash flow
€12,163▼
2019 · €14,877
Debt to equity
5.08▲
2019 · 4.55
ROE
19.9%▼
2019 · 29.5%
Debt ≤ 1 year
€8,540▼
2019 · €27,501
Debt > 1 year
€137,500▲
2019 · €126,242
Income taxes
€2,008▼
2019 · €3,159
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,677 | €6,677 | €6,779 | ▲ 1.5% |
| Gross operating margin9900 | €20,112 | €21,954 | €17,398 | ▼ 20.8% |
| Operating profit (loss)9901 | €12,749 | €14,577 | €9,909 | ▼ 32.0% |
| Recurring financial charges65 | €3,511 | €3,218 | €2,517 | ▼ 21.8% |
| Profit (loss) for the period before taxes9903 | €9,238 | €11,359 | €7,392 | ▼ 34.9% |
| Income taxes67/77 | €960 | €3,159 | €2,008 | ▼ 36.4% |
| Profit (loss) for the period9904 | €8,278 | €8,200 | €5,384 | ▼ 34.3% |
| Profit (loss) for the period to be appropriated9905 | €8,278 | €8,200 | €5,384 | ▼ 34.3% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €188,230 | €181,510 | €173,091 | ▼ 4.6% |
| Fixed assets21/28 | €182,801 | €176,124 | €170,587 | ▼ 3.1% |
| Tangible fixed assets22/27 | €182,355 | €175,678 | €170,141 | ▼ 3.2% |
| Financial fixed assets28 | €446 | €446 | €446 | = |
| Current assets29/58 | €5,429 | €5,386 | €2,504 | ▼ 53.5% |
| Amounts receivable within one year40/41 | €636 | €1,401 | €2,035 | ▲ 45.3% |
| Cash at bank and in hand54/58 | €4,197 | €3,985 | €469 | ▼ 88.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €188,230 | €181,510 | €173,091 | ▼ 4.6% |
| Equity10/15 | €19,567 | €27,767 | €27,051 | ▼ 2.6% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €11,860 | €20,060 | €25,360 | ▲ 26.4% |
| Profit (loss) carried forward14 | €1,507 | €1,507 | €1,591 | ▲ 5.6% |
| Amounts payable17/49 | €168,663 | €153,743 | €146,040 | ▼ 5.0% |
| Amounts payable after more than one year17 | €146,421 | €126,242 | €137,500 | ▲ 8.9% |
| Amounts payable within one year42/48 | €22,242 | €27,501 | €8,540 | ▼ 68.9% |
| Trade debts44 | - | - | €3,239 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,278 | €8,200 | €5,384 | ▼ 34.3% |
| + Depreciation and write-downs630 | €6,677 | €6,677 | €6,779 | ▲ 1.5% |
| Operating cash flow (approximation) | €14,955 | €14,877 | €12,163 | ▼ 18.2% |
| Investment in fixed assets (approximation) | - | €0 | -€1,242 | - |
| Change in cash | - | -€212 | -€3,516 | ▼ 1,558% |
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
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €5,384 ▼34.3%
Net result drops to €5,384, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Pont-à-Celles · 1 establishment unit since 2016
Ground area
1,025 m²
Building footprint
159 m²
Parcel 52042A0711/00X000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Immo Adam & Fils
since 20162.255.623.053
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52042A0711/00X000 | Wallonia | 1,025 m² | 1 · 159 m² | - |
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.
Similar companies · same sector, comparable size
ABMplus
BE 0443.204.480
Kampenhout · Eq €27,055
IMMO +
BE 0684.641.242
Durbuy · Eq €27,075
BSX
BE 0740.974.288
Grimbergen · Eq €27,017
TEXTURES - INTERIEUR
BE 0417.771.179
Gent · Eq €27,092
ZAKENKANTOOR MARIEN
BE 0444.137.561
Bonheiden · Eq €27,171
Of 11,749 companies in this sector we hold annual accounts for 6,910. 4,279 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formGeneral partnership
Founded01-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655825017
Also
9925:BE0655825017
Registered
03-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.