ADAI

Bankruptcy

Private limited companyfounded 2007Dries 21, 9255 Buggenhout, BelgiumKBO/BCE: BE 0888.916.512

The KBO register records for ADAI the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €82k and a net result of €4k.

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Signals

Two signals.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€82k▲ 5.6%

2023 · €77k

2018: €24k 2019: €35k 2020: €48k 2021: €62k 2022: €60k 2023: €77k

2018 → 2024

Total assets

€152k▲ 26.9%

2023 · €120k

2018: €92k 2019: €124k 2020: €114k 2021: €97k 2022: €115k 2023: €120k

2018 → 2024

Net result

€4k▼ 74.4%

2023 · €17k

2018: €15k 2019: €5k 2020: €13k 2021: €14k 2022: €-1k 2023: €17k

2018 → 2024

Working capital

€50k▼ 5.1%

2023 · €52k

2018: €5k 2019: €5k 2020: €11k 2021: €12k 2022: €24k 2023: €52k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€48k-€62k▲ 29.2%€60k▼ 2.4%€77k▲ 28.0%€82k▲ 5.6%

Operating result€14k-€18k▲ 27.4%€170▼ 99.0%€23k▲ 13,564%€9k▼ 59.3%

Net result€13k-€14k▲ 9.8%€-1k€17k€4k▼ 74.4%

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 2024; 2024 is 59% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €152k

27.4%

72.6%

Fixed assets €42k▲ 50.7%

Current assets €111k▲ 19.7%

Equity and liabilities €152k

53.6%

46.4%

Equity €82k▲ 5.6%

Debt €71k▲ 65.4%

The debt ratio rises from 35.6% to 46.4%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€25k▼

2023 · €39k

Cash flow

€20k▼

2023 · €33k

Solvency

53.6%▼

2023 · 64.4%

Current ratio

1.82▼

2023 · 2.31

Quick ratio

1.73▼

2023 · 2.18

Debt / equity

0.87▲

2023 · 0.55

ROE

5.3%▼

2023 · 21.9%

ROA

2.8%▼

2023 · 14.1%

Interest coverage

7.48▼

2023 · 10.46

Debt

€71k▲

2023 · €43k

Debt ≤ 1 year

€61k▲

2023 · €40k

Debt > 1 year

€10k▲

2023 · €3k

Income taxes

€8k▲

2023 · €6k

Staff costs

€32k▼

2023 · €37k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€120k€152k▲

Fixed assets21/28€28k€42k▲

Tangible fixed assets22/27€27k€41k▲

Land and buildings22€3k€2k▼

Plant, machinery and equipment23€20k€37k▲

Furniture and vehicles24€1k€421▼

Other tangible fixed assets26€2k€2k▼

Financial fixed assets28€1k€947▼

Current assets29/58€92k€111k▲

Stocks and contracts in progress3€6k€6k=

Stocks30/36€6k€6k=

Amounts receivable within one year40/41€71k€87k▲

Other amounts receivable41€71k€87k▲

Cash at bank and in hand54/58€11k€12k▲

Deferred charges and accrued income490/1€5k€6k▲

Equity and liabilities

Total equity and liabilities10/49€120k€152k▲

Equity10/15€77k€82k▲

Contributions10/11€19k€19k=

Reserves13€19k€23k▲

Distributable reserves133€19k€23k▲

Profit (loss) carried forward14€40k€40k=

Amounts payable17/49€43k€71k▲

Amounts payable after more than one year17€3k€10k▲

Financial debts170/4€3k€10k▲

Amounts payable within one year42/48€40k€61k▲

Current portion of amounts payable after more than one year42€4k€3k▼

Financial debts43€10k€11k▲

Credit institutions430/8€10k€11k▲

Trade debts44€8k€18k▲

Suppliers440/4€8k€18k▲

Taxes, remuneration and social security45€18k€29k▲

Taxes450/3€16k€25k▲

Remuneration and social security454/9€2k€4k▲

Income statement Code20232024

Non-recurring operating income76A€13k-

Remuneration, social security and pensions62€37k€32k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼

Other operating charges640/8€2k€1k▼

Gross operating margin9900€77k€59k▼

Operating profit (loss)9901€23k€9k▼

Financial income75/76B€3k€6k▲

Recurring financial income75€3k€6k▲

Financial charges65/66B€4k€3k▼

Recurring financial charges65€4k€3k▼

Profit (loss) for the period before taxes9903€22k€12k▼

Income taxes67/77€6k€8k▲

Profit (loss) for the period9904€17k€4k▼

Profit (loss) for the period to be appropriated9905€17k€4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€57k€44k▼

Profit (loss) brought forward from the previous period14P€40k€40k=

Transfer to equity691/2€17k€4k▼

To other reserves6921€17k€4k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

30-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 91 days late

2024

26-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 57 days late

2023

31-12

Financial Back to profitnet €17k

Net result €17k after one loss-making year.

09-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 70 days late

2022

31-12

Financial Weakest financial yearnet €-1k ▼110%

Net result drops to €-1k, the lowest in the series.

30-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 122 days late

2021

14-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 75 days late

2020

03-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

01-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

11-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

05-10

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 66 days late

2016

12-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

20-01-2024 Quesada Rodriguez Juan Ramon: Resigned as Director

01-08-2012 Quesada Rodriguez Juan Ramon: Resigned as Manager

01-08-2012 Van Riet Maria: Resigned as Manager

30-12-2011 Blancquaert Frederic: Resigned as Manager

07-10-2011 Quesada Rodriguez Juan Ramon: Resigned as Manager

28-03-2010 Venneman Priscilla: Resigned as Manager

Location & real-estate footprint

Registered office, Buggenhout · 1 establishment unit since 2007

establishment The establishment unit on the map

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.

Dries 219255 Buggenhout

Ground area

372 m²

Building footprint

348 m²

Volume, LiDAR

1,504 m³

Parcel 42522A0077/00B000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

ADAI

Dries 21, 9255 BuggenhoutNACE 55301

since 20072.161.917.291

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42522A0077/00B000 ProtectedCultural-historical landscape · MonumentDries en parochiekerk Sint-AmandusSource ↗	Flanders	372 m²	1 · 348 m²	7.8 m · 1 fl.