Financials
- Fiscal year
- 2025
- Total assets
- €24,053
- Profit
- €610
- Solvency
- 27.1%
Total assets▼ 7.5%
Net result
20182025
STUDIO ADAM
ActiveSummary
STUDIO ADAM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,514 and a net result of €610. Equity is shrinking by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 39% of 12348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Wholesale of fruit and vegetables, excluding potatoes
NACE 46319NACE 51310
#3 oldest company in Court-Saint-Etienne, Wholesale and retail trade sector1 site
Size
€24,053total assets 2025
- Equity
- €6,514
- Profit
- €610
Turnover not published (abridged schema)
Structure
Accounts filed 10 d late0 of 4 deeds read
Why 86- 1 change of registered office in 24 months+ Figures for FY 2025 (filed 10-08-2026)+ Founded in 1990+ Liquidity: current ratio 0.97, cash €8,118Show the evidence
Checked score
Score 2025
86
/ 100
Excellent
Probability in this band: under 0.55%
Better than 55% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
52+4
equity 27.1% of total assets
Liquidity
57+25
short-term debt 65.6% · cash 33.7%
Profitability
72+68
return on assets 2.5%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 18 months
05-2025: 0.4%
06-2025: 0.1%▼ -74.2% vs 05-2025lowest value
07-2025: 0.1%▲ +41.9% vs 06-2025
08-2025: 0.2%▲ +78.0% vs 07-2025
09-2025: 0.4%▲ +88.1% vs 08-2025
10-2025: 0.4%● 0.0% vs 09-2025
11-2025: 0.4%● 0.0% vs 10-2025
12-2025: 0.4%● 0.0% vs 11-2025
01-2026: 0.4%▼ -1.1% vs 12-2025
02-2026: 0.4%● 0.0% vs 01-2026
03-2026: 1.0%▲ +138% vs 02-2026
04-2026: 1.1%▲ +10.5% vs 03-2026
05-2026: 1.2%▲ +8.2% vs 04-2026
06-2026: 1.4%▲ +9.3% vs 05-2026
07-2026: 1.5%▲ +9.7% vs 06-2026
08-2026: 2.1%▲ +42.7% vs 07-2026highest value
09-2026: 0.3%▼ -84.9% vs 08-2026
10-2026: 0.3%● 0.0% vs 09-2026
- 1 change of registered office in 24 months raises the probability
- Figures for FY 2025 (filed 10-08-2026) lowers the probability
- Founded in 1990 lowers the probability for this profile
- Liquidity: current ratio 0.97, cash €8,118 lowers the probability
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.96 in 2024; short-term debt: 65.6% and cash: 33.7% of total assets), and 72.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 37%, liquidity 63%, profitability 57%, growth against the median 64%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
12 d late
2023
37 d early
2022
88 d early
2021
7 d early
2020
57 d early
2019
9 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 24 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €610
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 10-08-2026Annual accounts filed
- 31-12-2025Back to profit
- 12-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale of fruit and vegetables, excluding potatoesNACE 46319
- Founded
- 11-01-1990
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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