ADAM SERVICES

Active

Private limited companyfounded 2020active for 6 yearsJachtlaan 135, 1040 Etterbeek, Belgium63 active companies are registered at this addressKBO/BCE: BE 0741.987.642

Summary

The computed 12-month bankruptcy probability of ADAM SERVICES is 10.0% (elevated). The 2024 annual accounts show equity of €177,183 and a net result of €41,011. Equity is growing by about 48% per year across the filed financial years. Its solvency ranks better than 71% of 1,287 sector peers (NACE 52, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

ADAM SERVICESActiveChecked score 35/100

Risk analysis Report Compare

Activity

Warehousing and support activities for transportation

NACE 52249

1 site

Size

€270,994total assets 2024

Equity: €177,183
Profit: €41,011

Turnover not published (micro format)

Financial health

35 Weak Checked score 2024

Bankruptcy probabilitywithin 12 months: 10.0%

Structure

KARULINDA IgorDirector
EL MESSAOUDI HOUCHAN AhmedDirector

2025 accounts not filed, 88 days past the deadline2 of 3 deeds summarised

Why 35raises risk2 changes of registered office in 24 monthsFigures for financial year 2024 (filed 15-07-2025)1 financial year not filed after the legal deadlinelowers riskLiquidity: current ratio 2.89, cash €69,575Show the evidence

Checked score

Score 2024

35 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 74% of its sector peers (NACE 52, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Strong

Solvency 90-1

equity 65.4% of total assets

Liquidity 67+21

short-term debt 34.6% · cash 25.7%

Profitability 88-9

return on assets 15.1%

Bankruptcy probability, 12 months

10.0% Elevated

0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (2,300 companies, NACE 52, micro)

Last 24 months 11-2024: 2.0% 12-2024: 2.0%● unchanged vs 11-2024 01-2025: 2.0%● unchanged vs 12-2024 02-2025: 2.0%● unchanged vs 01-2025 03-2025: 1.9%▼ -0.1 percentage points vs 02-2025 04-2025: 2.0%▲ +0.1 percentage points vs 03-2025 05-2025: 2.1%▲ +0.1 percentage points vs 04-2025 06-2025: 2.2%▲ +0.1 percentage points vs 05-2025 07-2025: 2.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▼ -1.6 percentage points vs 07-2025 09-2025: 0.6%▼ -0.1 percentage points vs 08-2025lowest value 10-2025: 0.6%● unchanged vs 09-2025lowest value 11-2025: 1.1%▲ +0.5 percentage points vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.0%▼ -0.1 percentage points vs 03-2026 05-2026: 1.2%▲ +0.2 percentage points vs 04-2026 06-2026: 1.2%● unchanged vs 05-2026 07-2026: 1.3%▲ +0.1 percentage points vs 06-2026 08-2026: 2.3%▲ +1.0 percentage point vs 07-2026 09-2026: 2.6%▲ +0.3 percentage points vs 08-2026 10-2026: 10.0%▲ +7.4 percentage points vs 09-2026highest value

Credit of up to €6,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms

Liquidity ample (current ratio 2.89, compared with 2.95 in 2023, above the usual 1.5; short-term debt: 34.6% and cash: 25.7% of total assets), and 34.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, micro): better than 72% on solvency, 71% on liquidity, 76% on profitability and 77% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

2 changes of registered office in 24 months

Belgian Official Gazette

Figures for financial year 2024 (filed 15-07-2025)

NBB · annual accounts

Liquidity: current ratio 2.89, cash €69,575

NBB · annual accounts

1 financial year not filed after the legal deadline

NBB · filings

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 88 days later.

NBB · 5 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline27-10-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not filed

2024

16 days early

2023

5 days late

2022

on the day

2021

19 days late

2020

60 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 14 days after the deadline; the sector median (NACE 52) for financial year 2024 is 8 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

03-09-2026 Resignation: EL MESSAOUDI HOUCHAN Ahmed (director)Appointment: KARULINDA Igor (director) ·…
13-10-2025 Resignation: Berbach Mouhcine (director)Appointment: EL Messaoudi Houchan Ahmed…
15-07-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Caution: 2025 accounts not fileddeadline was 31-07-2026 88 days past the deadline View
Positive: 5 profitable years in a rowprofit 2024: €41,011 5 years View
Board2 directors in office 2 View

By topic

Financials

Financial year: 2024
Total assets: €270,994
Profit: €41,011
Solvency: 65.4%

Total assets▲ 32.2%

Net result

20202024

Go to Financials

Board & ownership

Board: 2 members

KARULINDA IgorDirector
EL MESSAOUDI HOUCHAN AhmedDirector

Go to Board & ownership

Network & group

Connected companies: 3

Go to Network & group

Timeline

Events: 11
Since: 2021

31-12-2024Equity above €150,000
05-08-2024Annual accounts filed
31-12-2023Equity above €100,000

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Warehousing and support activities for transportationNACE 52249
Founded: 24-01-2020
Year ends: 31-12
Peppol: Not found in the Peppol directory

Go to Company details

Key facts about ADAM SERVICES

What is the company number of ADAM SERVICES?: 0741.987.642. In Belgium the VAT number is the company number with BE in front: BE 0741.987.642.
Where is ADAM SERVICES based?: The registered office is at Jachtlaan 135, 1040 Etterbeek.Company details
What does ADAM SERVICES do?: According to the KBO register, the main activity is warehousing and support activities for transportation (NACE 52249).
What is the legal form of ADAM SERVICES?: Private limited company (BV).
When was ADAM SERVICES founded?: On 24-01-2020.
Is ADAM SERVICES still active?: Yes, ADAM SERVICES is an active enterprise in the KBO register.
What is the turnover of ADAM SERVICES?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is ADAM SERVICES profitable?: In financial year 2024, ADAM SERVICES made a profit of €41,011.
Where can I find the annual accounts of ADAM SERVICES?: ADAM SERVICES filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.