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ADK-MSK

Active
Public limited companyfounded 2014active for 12 yearsRenkoven 3, 3680 Maaseik, BelgiumKBO/BCE: BE 0561.884.673
Summary

ADK-MSK has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.5m and a net result of €927,508. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 88% of 6,152 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
ADK-MSKActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46839Manufacture of fabricated metal products, except machinery and equipment NACE 25120
Largest company by total assets in Maaseik, Wholesale and retail trade sector1 site
Size
€8.8mturnover 2025
Staff
11.4 FTE
Equity
€8.5m
Profit
€927,508
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
2025 accounts 79 days early1 of 4 deeds summarised
Why 97lowers riskLiquidity: current ratio 5.83, cash €1.2mFounded in 2014Equity €8.5m (83.5% of total assets)Profit of €927,508 (financial year 2025)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 79% of its sector peers (NACE 46, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 83.5% of total assets
Liquidity 61-11
short-term debt 16.5% · cash 12.1%
Profitability 77+2
return on assets 9.1%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,376 companies, NACE 46, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity ample (current ratio 5.83, compared with 10.69 in 2024, above the usual 1.5; short-term debt: 16.5% and cash: 12.1% of total assets), and 16.5% 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 46, small): better than 92% on solvency, 80% on liquidity, 77% on profitability and 67% on growth.

The bankruptcy probability was computed on 28-10-2026 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

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 5.83, cash €1.2m
NBB · annual accounts
lowers risk · Founded in 2014
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €8.5m (83.5% of total assets)
NBB · annual accounts
lowers risk · Profit of €927,508 (financial year 2025)
NBB · annual accounts
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
79 days early
2024
22 days early
2023
78 days early
2022
32 days early
2021
47 days early
2020
46 days early
2019
45 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 50 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointments: GOPAX INVESTMENT BV (director) and…Permanent representatives: DOUMEN Patrick and…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Largest company by total assets in Maaseik, Wholesale and retail trade sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €927,508 8 years View
  • New directorslatest change 06-05-2026 · 2 in office 2 joined View

By topic

Financials

Financial year
2025
Turnover
€8.8m
Profit
€927,508
Solvency
83.5%
Turnover▲ 5.7%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
  • Erwin DOUMENManaging director
  • GOPAX INVESTMENTManaging director
Go to Board & ownership

Timeline

Events
15
Since
2015
Next accounts
by 31-07-2027
  1. 14-05-2024Annual accounts filed
  2. 31-12-2023Highest result from 2018 to 2025
  3. 29-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46839
Founded
01-09-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about ADK-MSK

What is the company number of ADK-MSK?
0561.884.673. In Belgium the VAT number is the company number with BE in front: BE 0561.884.673.
Where is ADK-MSK based?
The registered office is at Renkoven 3, 3680 Maaseik.Company details
What does ADK-MSK do?
According to the KBO register, the main activity is wholesale trade (NACE 46839).
What is the legal form of ADK-MSK?
Public limited company (NV).
When was ADK-MSK founded?
On 01-09-2014.
Is ADK-MSK still active?
Yes, ADK-MSK is an active enterprise in the KBO register.
How many employees does ADK-MSK have?
On average 11.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of ADK-MSK?
€8.8m in financial year 2025, according to the filed annual accounts.
Is ADK-MSK profitable?
In financial year 2025, ADK-MSK made a profit of €927,508.
Where can I find the annual accounts of ADK-MSK?
ADK-MSK filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ADK-MSK due?
By 31-07-2027, for financial year 2026.Timeline

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