ADEVO
ActiveSummary
ADEVO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21k and a net result of €7k. Equity is shrinking by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▲+39
Solvency43▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.53 in 2023; short-term debt: 65.5% and cash: 1.7% of total assets), and 81.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
18.5%
Return on assets
6.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9040 sector peers (2024).
NBB · sector comparisonPosition among 9040 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
181 d late
2022
106 d late
2021
68 d late
2020
87 d late
2019
116 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, abbreviated schema
Equity
€21k▲ 49.1%
2023 · €14k
Total assets
€113k▲ 14.8%
2023 · €99k
Net result
€7k
2023 · €-6k
Working capital
€34k▲ 5.2%
2023 · €32k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-9k▲ 26.5%€10k€-5k€-4k▲ 10.8%€11k
Net result€-10k▲ 26.9%€9k€-5k€-6k▼ 28.1%€7k
Equity€16k▼ 38.5%€26k▲ 56.1%€21k▼ 19.8%€14k▼ 31.6%€21k▲ 49.1%
Total assets€64k▲ 11.7%€82k▲ 29.5%€78k▼ 4.6%€99k▲ 25.9%€113k▲ 14.8%
Debt€47k▲ 56.3%€57k▲ 20.3%€58k▲ 2.2%€85k▲ 46.2%€92k▲ 9.1%
Working capital€9k▼ 61.9%€17k▲ 82.7%€13k▼ 20.9%€32k▲ 144%€34k▲ 5.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €11k after a loss of €4k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €113k
Fixed assets
€5k ▼ 11.8%
Current assets
€108k ▲ 16.5%
Equity and liabilities €113k
Equity
€21k ▲ 49.1%
Debt
€92k ▲ 9.1%
Debt's share of the balance-sheet total falls from 85.8% to 81.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▲
2023 · €-3k
Cash flow
€8k▲
2023 · €-5k
Current ratio
1.46▼
2023 · 1.53
Quick ratio
1.44▼
2023 · 1.51
Debt to equity
4.41▼
2023 · 6.03
ROE
32.9%▲
2023 · -46.2%
ROA
6.1%▲
2023 · -6.6%
Interest coverage
2.81▲
2023 · -1.07
Debt ≤ 1 year
€74k▲
2023 · €61k
Debt > 1 year
€18k▼
2023 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €600 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €1k | €1k | ▼ 12.2% |
| Other operating charges640/8 | - | €2k | €3k | €275 | €1k | ▲ 295% |
| Gross operating margin9900 | €-5k | €14k | €0 | €-2k | €14k | ▲ 674% |
| Operating profit (loss)9901 | €-9k | €10k | €-5k | €-4k | €11k | ▲ 383% |
| Financial income75/76B | - | €25 | €1 | €6 | €3 | ▼ 50.2% |
| Recurring financial income75 | €4 | €25 | €1 | €6 | €3 | ▼ 50.2% |
| Financial charges65/66B | - | €1k | €558 | €2k | €4k | ▲ 80.5% |
| Recurring financial charges65 | €2k | €1k | €558 | €2k | €4k | ▲ 80.5% |
| Profit (loss) for the period before taxes9903 | €-10k | €9k | €-5k | €-6k | €7k | ▲ 206% |
| Profit (loss) for the period9904 | €-10k | €9k | €-5k | €-6k | €7k | ▲ 206% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €9k | €-5k | €-6k | €7k | ▲ 206% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64k | €82k | €78k | €99k | €113k | ▲ 14.8% |
| Fixed assets21/28 | €11k | €9k | €7k | €6k | €5k | ▼ 11.8% |
| Tangible fixed assets22/27 | €8k | €6k | €4k | €3k | €2k | ▼ 39.1% |
| Plant, machinery and equipment23 | - | €6k | €4k | €3k | €2k | ▼ 39.1% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | ▲ 17.3% |
| Current assets29/58 | €53k | €73k | €71k | €93k | €108k | ▲ 16.5% |
| Stocks and contracts in progress3 | €5k | €5k | €1k | €1k | €1k | = |
| Stocks30/36 | - | €5k | €1k | €1k | €1k | = |
| Amounts receivable within one year40/41 | €46k | €68k | €63k | €88k | €105k | ▲ 19.6% |
| Trade receivables40 | - | €67k | €63k | €72k | €94k | ▲ 31.1% |
| Other amounts receivable41 | - | €599 | - | €16k | €11k | ▼ 31.6% |
| Cash at bank and in hand54/58 | €1k | €829 | €7k | €4k | €2k | ▼ 50.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64k | €82k | €78k | €99k | €113k | ▲ 14.8% |
| Equity10/15 | €16k | €26k | €21k | €14k | €21k | ▲ 49.1% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Capital10 | - | €3k | €3k | €3k | €3k | = |
| Issued capital100 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €13k | €23k | €18k | €11k | €18k | ▲ 62.5% |
| Amounts payable17/49 | €47k | €57k | €58k | €85k | €92k | ▲ 9.1% |
| Amounts payable after more than one year17 | €3k | - | - | €24k | €18k | ▼ 24.6% |
| Financial debts170/4 | - | - | - | €24k | €18k | ▼ 24.6% |
| Amounts payable within one year42/48 | €44k | €57k | €58k | €61k | €74k | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6k | €6k | ▲ 6.4% |
| Financial debts43 | - | €7k | €929 | - | €13k | - |
| Credit institutions430/8 | - | €7k | €929 | - | €13k | - |
| Trade debts44 | €18k | - | €8k | - | - | - |
| Suppliers440/4 | - | - | €8k | - | - | - |
| Taxes, remuneration and social security45 | - | €1k | €183 | €3k | €2k | ▼ 51.1% |
| Taxes450/3 | - | €1k | €183 | €3k | €2k | ▼ 51.1% |
| Other amounts payable47/48 | - | €48k | €49k | €51k | €53k | ▲ 3.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €9k | €-5k | €-6k | €7k | ▲ 206% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €1k | €1k | ▼ 12.2% |
| Operating cash flow (approximation) | €-9k | €11k | €-3k | €-5k | €8k | ▲ 258% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-500 | - |
| Change in cash | - | €-469 | €6k | €-3k | €-2k | ▲ 34.4% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 181 days late
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 106 days late
2022
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 68 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 87 days late
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 116 days late
2019
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 143 days late
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 64 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Niklaas · 1 establishment unit since 2009
Ground area
689 m²
Building footprint
145 m²
Volume, LiDAR
596 m³
Parcel 46002A0286/00H002, Flanders · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ADEVO
since 20092.176.559.541
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002A0286/00H002 | Flanders | 689 m² | 1 · 145 m² | 5.2 m · 1 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
Food safety, FASFC
1 siteSint-Niklaas2.176.559.541
Similar companies · same sector, comparable size
S.AMAVI
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RECOMAR
BE 0535.933.611
Wetteren · Eq €21,890
RestoDeals
BE 1008.158.414
Lommel · Eq €21,960
Cumuco
BE 0761.647.859
Wemmel · Eq €23,059
HILS
BE 1005.482.402
Antwerpen · Eq €24,364
Of 223 companies in sector 46391 we hold annual accounts for 139. 52 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded11-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46391Wholesale trade
32123Manufacture of jewellery
46150Agents in the wholesale of furniture, household goods and hardware
Scores and ratios are computed by Checked and are not a credit decision.