ADFI
ActiveSummary
The computed 12-month bankruptcy probability of ADFI is 1.8% (moderate). The 2025 annual accounts show equity of €26k and a net result of €7k. Equity is growing by ~20.4% per year across the filed fiscal years. The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability40▲+2
Solvency29=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.04 in 2024; short-term debt: 96.2% and cash: 99.9% of total assets), and 96.2% 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
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
3.8%
Return on assets
1%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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
13 d late
2024
8 d late
2023
20 d early
2022
171 d early
2021
118 d early
2020
47 d early
2019
182 d early
← 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
€7k▲ 680%
2024 · €922
2018: €-510
2019: €-2k▼ -238% vs 2018
2020: €-2k▼ -35.5% vs 2019lowest value
2022: €-2k
2023: €18k▲ +1070% vs 2022highest value
2024: €922▼ -94.7% vs 2023
2025: €7k▲ +680% vs 2024
2018 → 2025
Working capital
€26k▲ 37.9%
2024 · €19k
2022: €-1klowest in 4 years
2023: €18k▲ +1313% vs 2022
2024: €19k▲ +5.1% vs 2023
2025: €26k▲ +37.9% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€4k-€514▼ 87.3%€18k▲ 3,408%€19k▲ 5.1%€26k▲ 37.9%
2020: €4k
2022: €514lowest value
2023: €18k▲ +3408% vs 2022
2024: €19k▲ +5.1% vs 2023
2025: €26k▲ +37.9% vs 2024highest value
Operating result€-2k-€-2k▲ 22.9%€-3k▼ 71.2%€-551▲ 81.9%€-566▼ 2.8%
2020: €-2k
2022: €-2k
2023: €-3k▼ -71.2% vs 2022lowest value
2024: €-551▲ +81.9% vs 2023highest value
2025: €-566▼ -2.8% vs 2024
Net result€-2k-€-2k▲ 22.7%€18k€922▼ 94.7%€7k▲ 680%
2020: €-2klowest value
2022: €-2k
2023: €18k▲ +1070% vs 2022highest value
2024: €922▼ -94.7% vs 2023
2025: €7k▲ +680% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €566 in 2025 against €551 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €693k
Equity
€26k ▲ 37.9%
Debt
€666k ▲ 36.3%
Debt's share of the balance-sheet total stays at 96.2%.
Key figures and ratios
Current ratio
1.04=
2024 · 1.04
Debt to equity
25.50▼
2024 · 25.81
ROE
27.5%▲
2024 · 4.9%
ROA
1.0%▲
2024 · 0.2%
Debt ≤ 1 year
€666k▲
2024 · €489k
Income taxes
€2k▲
2024 · €-411
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 · 27 lines
Balance sheet
Code20242025
Assets
Total assets20/58€508k€693k▲
Current assets29/58€508k€693k▲
Amounts receivable within one year40/41€127€790▲
Other amounts receivable41€127€790▲
Cash at bank and in hand54/58€508k€692k▲
Equity and liabilities
Total equity and liabilities10/49€508k€693k▲
Equity10/15€19k€26k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€348€8k▲
Amounts payable17/49€489k€666k▲
Amounts payable within one year42/48€489k€666k▲
Other amounts payable47/48€489k€666k▲
Income statement
Code20242025
Other operating charges640/8€387€400▲
Gross operating margin9900€-163€-167▼
Operating profit (loss)9901€-551€-566▼
Financial income75/76B€1k€10k▲
Recurring financial income75€1k€10k▲
Financial charges65/66B€46€46▲
Recurring financial charges65€46€46▲
Profit (loss) for the period before taxes9903€511€10k▲
Income taxes67/77€-411€2k▲
Profit (loss) for the period9904€922€7k▲
Profit (loss) for the period to be appropriated9905€922€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€348€8k▲
Profit (loss) brought forward from the previous period14P€-574€348▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €-2k | €-1k | €-3k | €-163 | €-167 | ▼ 1.9% |
| Operating profit (loss)9901 | €-2k | €-2k | €-3k | €-551 | €-566 | ▼ 2.8% |
| Financial income75/76B | - | - | €23k | €1k | €10k | ▲ 820% |
| Recurring financial income75 | - | - | €23k | €1k | €10k | ▲ 820% |
| Financial charges65/66B | - | €24 | €2k | €46 | €46 | ▲ 0.6% |
| Recurring financial charges65 | €26 | €24 | €2k | €46 | €46 | ▲ 0.6% |
| Profit (loss) for the period before taxes9903 | €-2k | €-2k | €18k | €511 | €10k | ▲ 1,775% |
| Income taxes67/77 | - | - | €616 | €-411 | €2k | ▲ 683% |
| Profit (loss) for the period9904 | €-2k | €-2k | €18k | €922 | €7k | ▲ 680% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-2k | €18k | €922 | €7k | ▲ 680% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4k | €6k | €19k | €508k | €693k | ▲ 36.4% |
| Fixed assets21/28 | €2k | €2k | - | - | - | - |
| Financial fixed assets28 | €2k | €2k | - | - | - | - |
| Current assets29/58 | €2k | €4k | €19k | €508k | €693k | ▲ 36.4% |
| Amounts receivable within one year40/41 | - | - | - | €127 | €790 | ▲ 523% |
| Other amounts receivable41 | - | - | - | €127 | €790 | ▲ 523% |
| Cash at bank and in hand54/58 | €2k | €4k | €19k | €508k | €692k | ▲ 36.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4k | €6k | €19k | €508k | €693k | ▲ 36.4% |
| Equity10/15 | €4k | €514 | €18k | €19k | €26k | ▲ 37.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-15k | €-18k | €-574 | €348 | €8k | ▲ 2,066% |
| Amounts payable17/49 | - | €5k | €616 | €489k | €666k | ▲ 36.3% |
| Amounts payable within one year42/48 | - | €5k | €616 | €489k | €666k | ▲ 36.3% |
| Taxes, remuneration and social security45 | - | - | €616 | - | - | - |
| Taxes450/3 | - | - | €616 | - | - | - |
| Other amounts payable47/48 | - | €5k | - | €489k | €666k | ▲ 36.3% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-2k | €18k | €922 | €7k | ▲ 680% |
| Operating cash flow (approximation) | €-2k | €-2k | €18k | €922 | €7k | ▲ 680% |
| Change in cash | - | - | €15k | €489k | €184k | ▼ 62.4% |
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
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 8 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €18k
Net result €18k after 4 loss-making years.
31-12
Financial
Liquidity times 43current ratio 30.25
Current ratio from 0.70 to 30.25; short-term debt falls from €5k to €616.
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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-Lambrechts-Woluwe · 1 establishment unit since 2012
Ground area
256 m²
Building footprint
113 m²
Volume, LiDAR
1,545 m³
Parcel 21673D0155/00E002, Brussels · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
161
companies at this address
See who is registered here
1 establishment unit
HELOART
since 20122.217.194.524
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0155/00E002 | Brussels | 256 m² | 1 · 113 m² | 19.4 m · 5 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded07-12-2012
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.