ADESKO
ActiveSummary
ADESKO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €450k and a net result of €5k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 71% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▲+7
Solvency84▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 5.78 against 3.59 in 2024; short-term debt: 8.4% and cash: 1.2% of total assets), and 40.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.5%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
14 d late
2023
12 d early
2022
31 d late
2021
33 d early
2020
16 d early
2019
83 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k▼ 30.3%
2024 · €7k
2018: €4k
2019: €6k▲ +36.4% vs 2018
2020: €5k▼ -21.2% vs 2019
2021: €1k▼ -74.5% vs 2020lowest in 8 years
2022: €11k▲ +873% vs 2021
2023: €16k▲ +41.1% vs 2022highest in 8 years
2024: €7k▼ -54.7% vs 2023
2025: €5k▼ -30.3% vs 2024
2018 → 2025
Working capital
€306k▲ 7.1%
2024 · €285k
2018: €136klowest in 8 years
2019: €156k▲ +14.4% vs 2018
2020: €167k▲ +7.1% vs 2019
2021: €170k▲ +1.5% vs 2020
2022: €151k▼ -11.2% vs 2021
2023: €370k▲ +145% vs 2022highest in 8 years
2024: €285k▼ -22.8% vs 2023
2025: €306k▲ +7.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€431k-€442k▲ 2.7%€445k▲ 0.6%€445k=€450k▲ 1.1%
2021: €431klowest in 5 years
2022: €442k▲ +2.7% vs 2021
2023: €445k▲ +0.6% vs 2022
2024: €445k● +0.0% vs 2023
2025: €450k▲ +1.1% vs 2024highest in 5 years
Operating result€12k-€24k▲ 92.7%€36k▲ 49.3%€29k▼ 19.4%€24k▼ 15.2%
2021: €12klowest in 5 years
2022: €24k▲ +92.7% vs 2021
2023: €36k▲ +49.3% vs 2022highest in 5 years
2024: €29k▼ -19.4% vs 2023
2025: €24k▼ -15.2% vs 2024
Net result€1k-€11k▲ 873%€16k▲ 41.1%€7k▼ 54.7%€5k▼ 30.3%
2021: €1klowest in 5 years
2022: €11k▲ +873% vs 2021
2023: €16k▲ +41.1% vs 2022highest in 5 years
2024: €7k▼ -54.7% vs 2023
2025: €5k▼ -30.3% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €757k
Fixed assets
€388k ▼ 3.8%
Current assets
€369k ▼ 6.6%
Equity and liabilities €757k
Equity
€450k ▲ 1.1%
Debt
€307k ▼ 13.2%
Debt's share of the balance-sheet total falls from 44.3% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▲
2024 · €47k
Cash flow
€36k▲
2024 · €26k
Current ratio
5.78▲
2024 · 3.59
Debt to equity
0.68▼
2024 · 0.79
ROE
1.1%▼
2024 · 1.6%
ROA
0.7%▼
2024 · 0.9%
Interest coverage
3.19▲
2024 · 2.28
Debt ≤ 1 year
€64k▼
2024 · €110k
Debt > 1 year
€243k=
2024 · €243k
Income taxes
€2k▲
2024 · €1k
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 · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€798k€757k▼
Fixed assets21/28€403k€388k▼
Tangible fixed assets22/27€403k€388k▼
Land and buildings22€267k€266k▼
Plant, machinery and equipment23€106k€99k▼
Furniture and vehicles24€30k€23k▼
Current assets29/58€396k€369k▼
Amounts receivable after more than one year29€100k€100k=
Other amounts receivable291€100k€100k=
Amounts receivable within one year40/41€291k€255k▼
Trade receivables40€117k€111k▼
Other amounts receivable41€173k€144k▼
Cash at bank and in hand54/58€0€9k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€798k€757k▼
Equity10/15€445k€450k▲
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€320k€325k▲
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€307k€313k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€353k€307k▼
Amounts payable after more than one year17€243k€243k=
Financial debts170/4€243k€243k=
Amounts payable within one year42/48€110k€64k▼
Financial debts43€244€0▼
Credit institutions430/8€244€0▼
Trade debts44€20k€25k▲
Suppliers440/4€20k€25k▲
Taxes, remuneration and social security45€7k€9k▲
Taxes450/3€7k€9k▲
Other amounts payable47/48€83k€30k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€31k▲
Other operating charges640/8€26k€24k▼
Gross operating margin9900€74k€79k▲
Operating profit (loss)9901€29k€24k▼
Financial income75/76B€825€0▼
Recurring financial income75€825€0▼
Financial charges65/66B€21k€17k▼
Recurring financial charges65€21k€17k▼
Profit (loss) for the period before taxes9903€9k€7k▼
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€7k€5k▼
Profit (loss) for the period to be appropriated9905€7k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€5k▼
Transfer to equity691/2€72€5k▲
To other reserves6921€72€5k▲
Profit to be distributed694/7€7k€0▼
Directors or managers695€7k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €660 | €264 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €17k | €19k | €31k | ▲ 64.7% |
| Other operating charges640/8 | €20k | €20k | €21k | €26k | €24k | ▼ 8.9% |
| Gross operating margin9900 | €38k | €49k | €74k | €74k | €79k | ▲ 7.3% |
| Operating profit (loss)9901 | €12k | €24k | €36k | €29k | €24k | ▼ 15.2% |
| Financial income75/76B | €69 | €51 | €1 | €825 | €0 | ▼ 100% |
| Recurring financial income75 | €69 | €51 | €1 | €825 | €0 | ▼ 100% |
| Financial charges65/66B | €11k | €11k | €19k | €21k | €17k | ▼ 17.0% |
| Recurring financial charges65 | €11k | €11k | €19k | €21k | €17k | ▼ 17.0% |
| Profit (loss) for the period before taxes9903 | €2k | €12k | €16k | €9k | €7k | ▼ 19.0% |
| Income taxes67/77 | €444 | €994 | €0 | €1k | €2k | ▲ 41.8% |
| Profit (loss) for the period9904 | €1k | €11k | €16k | €7k | €5k | ▼ 30.3% |
| Profit (loss) for the period to be appropriated9905 | €1k | €11k | €16k | €7k | €5k | ▼ 30.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €758k | €740k | €821k | €798k | €757k | ▼ 5.2% |
| Fixed assets21/28 | €261k | €292k | €319k | €403k | €388k | ▼ 3.8% |
| Tangible fixed assets22/27 | €261k | €292k | €319k | €403k | €388k | ▼ 3.8% |
| Land and buildings22 | €257k | €257k | €257k | €267k | €266k | ▼ 0.4% |
| Plant, machinery and equipment23 | €3k | €3k | €19k | €106k | €99k | ▼ 6.7% |
| Furniture and vehicles24 | €1k | €32k | €43k | €30k | €23k | ▼ 23.7% |
| Current assets29/58 | €497k | €448k | €501k | €396k | €369k | ▼ 6.6% |
| Amounts receivable after more than one year29 | €100k | €100k | €100k | €100k | €100k | = |
| Other amounts receivable291 | €100k | €100k | €100k | €100k | €100k | = |
| Amounts receivable within one year40/41 | €391k | €343k | €391k | €291k | €255k | ▼ 12.5% |
| Trade receivables40 | €97k | €119k | €93k | €117k | €111k | ▼ 5.5% |
| Other amounts receivable41 | €294k | €223k | €298k | €173k | €144k | ▼ 17.3% |
| Cash at bank and in hand54/58 | €5k | €3k | €7k | €0 | €9k | - |
| Deferred charges and accrued income490/1 | €1k | €2k | €4k | €5k | €6k | ▲ 30.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €758k | €740k | €821k | €798k | €757k | ▼ 5.2% |
| Equity10/15 | €431k | €442k | €445k | €445k | €450k | ▲ 1.1% |
| Contributions10/11 | €125k | €125k | €125k | €125k | €125k | = |
| Capital10 | €125k | €125k | €125k | €125k | €125k | = |
| Issued capital100 | €125k | €125k | €125k | €125k | €125k | = |
| Reserves13 | €306k | €317k | €320k | €320k | €325k | ▲ 1.6% |
| Non-distributable reserves130/1 | €13k | €13k | €13k | €13k | €13k | = |
| Legal reserve130 | €13k | €13k | €13k | €13k | €13k | = |
| Distributable reserves133 | €293k | €305k | €307k | €307k | €313k | ▲ 1.7% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €327k | €297k | €376k | €353k | €307k | ▼ 13.2% |
| Amounts payable after more than one year17 | - | - | €244k | €243k | €243k | = |
| Financial debts170/4 | - | - | €244k | €243k | €243k | = |
| Amounts payable within one year42/48 | €327k | €297k | €132k | €110k | €64k | ▼ 42.1% |
| Financial debts43 | €245k | €245k | €0 | €244 | €0 | ▼ 100% |
| Credit institutions430/8 | €245k | €245k | €0 | €244 | €0 | ▼ 100% |
| Trade debts44 | €29k | €14k | €237 | €20k | €25k | ▲ 28.0% |
| Suppliers440/4 | €29k | €14k | €237 | €20k | €25k | ▲ 28.0% |
| Taxes, remuneration and social security45 | €7k | €3k | €15k | €7k | €9k | ▲ 27.1% |
| Taxes450/3 | €7k | €3k | €15k | €7k | €9k | ▲ 27.1% |
| Other amounts payable47/48 | €46k | €36k | €117k | €83k | €30k | ▼ 64.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €11k | €16k | €7k | €5k | ▼ 30.3% |
| + Depreciation and write-downs630 | €5k | €5k | €17k | €19k | €31k | ▲ 64.7% |
| Operating cash flow (approximation) | €6k | €16k | €33k | €26k | €36k | ▲ 38.0% |
| Investment in fixed assets (approximation) | - | €-35k | €-45k | €-102k | €-16k | ▲ 84.6% |
| Change in cash | - | €-2k | €3k | €-7k | €9k | ▲ 230% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 14 days late
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €16k ▲41.1%
Operating result €36k, net result €16k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.80
Current ratio from 1.51 to 3.80; short-term debt falls from €297k to €132k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €1k ▼74.5%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 83 days late
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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
Registered office, Dessel · 1 establishment unit since 1991
Ground area
7,419 m²
Building footprint
3,326 m²
Volume, LiDAR
23,861 m³
Parcel 13006E0353/00K000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
ADESCO
since 19912.054.246.204
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13006E0353/00K000 | Flanders | 7,419 m² | 1 · 3,326 m² | 9.7 m · 2 fl. |
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.
Recognitions · licences · registrations
Dual-learning approval
1 endedLasser MIG/MAG (so)
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 6,183 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-09-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.