Summary
ADFINAS FINANCE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €293k and a net result of €229k. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 37% of 2435 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
31 d early
2023
35 d early
2022
33 d early
2021
32 d early
2020
61 d late
2019
59 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€293k▲ 33.9%
2024 · €218k
2018: €181k
2019: €44k
2020: €44k
2021: €57k
2022: €154k
2023: €212k
2024: €218k
2018 → 2025
Net result
€229k▼ 37.3%
2024 · €365k
2018: €90k
2019: €63k
2020: €53k
2021: €93k
2022: €222k
2023: €258k
2024: €365k
2018 → 2025
Total assets
€840k▼ 16.4%
2024 · €1.00M
2018: €617k
2019: €392k
2020: €351k
2021: €596k
2022: €703k
2023: €836k
2024: €1.00M
2018 → 2025
Solvency
34.8%▲ 13.1pp
2024 · 21.7%
2018: 29.3%
2019: 11.1%
2020: 12.5%
2021: 9.6%
2022: 21.9%
2023: 25.4%
2024: 21.7%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€57k-€154k▲ 170%€212k▲ 37.8%€218k▲ 2.9%€293k▲ 33.9%
Operating result€156k-€315k▲ 102%€359k▲ 14.2%€507k▲ 41.3%€276k▼ 45.6%
Net result€93k-€222k▲ 139%€258k▲ 16.3%€365k▲ 41.2%€229k▼ 37.3%
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 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €840k
Fixed assets
€375k ▼ 18.7%
Current assets
€465k ▼ 14.5%
Equity and liabilities €840k
Equity
€293k ▲ 33.9%
Debt
€547k ▼ 30.4%
Debt's share of the balance-sheet total falls from 78.3% to 65.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
78.2%▼
2024 · 167.0%
ROA
27.2%▼
2024 · 36.3%
Debt ≤ 1 year
€396k▼
2024 · €542k
Debt > 1 year
€152k▼
2024 · €244k
Income taxes
€73k▼
2024 · €131k
Staff costs
€129k▲
2024 · €123k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.00M€840k▼
Fixed assets21/28€461k€375k▼
Intangible fixed assets21€181k€155k▼
Tangible fixed assets22/27€281k€220k▼
Plant, machinery and equipment23€141k€109k▼
Furniture and vehicles24€140k€107k▼
Other tangible fixed assets26-€4k
Current assets29/58€543k€465k▼
Amounts receivable within one year40/41€24k€44k▲
Trade receivables40€1k€628▼
Other amounts receivable41€22k€43k▲
Current investments50/53€290k€316k▲
Cash at bank and in hand54/58€122k€15k▼
Deferred charges and accrued income490/1€107k€89k▼
Equity and liabilities
Total equity and liabilities10/49€1.00M€840k▼
Equity10/15€218k€293k▲
Contributions10/11€19k€19k=
Reserves13€25k€25k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€175k€249k▲
Amounts payable17/49€786k€547k▼
Amounts payable after more than one year17€244k€152k▼
Financial debts170/4€244k€152k▼
Amounts payable within one year42/48€542k€396k▼
Current portion of amounts payable after more than one year42€129k€182k▲
Trade debts44€15k€16k▲
Suppliers440/4€15k€16k▲
Taxes, remuneration and social security45€45k€46k▲
Taxes450/3€32k€32k=
Remuneration and social security454/9€13k€14k▲
Other amounts payable47/48€354k€152k▼
Accrued charges and deferred income492/3€73-
Income statement
Code20242025
Remuneration, social security and pensions62€123k€129k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€92k▲
Other operating charges640/8€3k€961▼
Gross operating margin9900€720k€498k▼
Operating profit (loss)9901€507k€276k▼
Financial income75/76B€3k€36k▲
Recurring financial income75€3k€36k▲
Financial charges65/66B€14k€10k▼
Recurring financial charges65€14k€10k▼
Profit (loss) for the period before taxes9903€496k€301k▼
Income taxes67/77€131k€73k▼
Profit (loss) for the period9904€365k€229k▼
Profit (loss) for the period to be appropriated9905€365k€229k▼
Appropriation of the result
Profit (loss) to be appropriated9906€533k€404k▼
Profit (loss) brought forward from the previous period14P€169k€175k▲
Profit to be distributed694/7€359k€155k▼
Return on contributions (dividend)694€350k€150k▼
Employees696€9k€5k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €365k ▲41.2%
Operating result €507k, net result €365k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €212k ▲37.8%
6 profitable years in a row build equity to €212k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €154k ▲170%
5 profitable years in a row build equity to €154k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €53k ▼15.9%
Net result drops to €53k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Asse · 1 establishment unit since 1994
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.
Nerviërsstraat 301730 AsseGround area
703 m²
Building footprint
240 m²
Volume, LiDAR
2,113 m³
Parcel 23322B0100/00M017, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Adfinas Finance
since 19942.067.809.673
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322B0100/00M017 | Flanders | 703 m² | 1 · 240 m² | 12.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,598 EUR awarded · 1,598 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,598 EUR | 1,598 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,681 companies in sector 66191 we hold annual accounts for 1,230. 1,069 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-1994
Fiscal year end31-12
Activities, NACEBEL 2025
66191Agents and brokers in banking services
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.