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ADM

Active
Industriëlaan 80 ·7700 Mouscron, Belgium
Open bankruptcy
KBO/BCE: BE 0890.347.954
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Age19 yrs
Staff (FTE)13.2
Real estate1 parcel · 7,436 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for ADM according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2018 annual accounts show equity of €124k and a net result of €82k.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

3 events
14-07-2020
Bankruptcy Opening
Date: 30-06-2020 · Tribunal de l’entreprise du Hainaut, division Tournai · ADM SPRL BOULEVARD INDUS- TRIEL 80, 7700 MOUSCRON · Publications in State Gazette ↗
20-11-2019
Judicial reorganisation Extension
Date: 13-11-2019 · Tribunal de l’entreprise du Hainaut · collectif · Publications in State Gazette ↗
29-05-2019
Judicial reorganisation Opening
Date: 23-05-2019 · Tribunal de l’entreprise du Hainaut · collectif · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2018) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 28-06-2019, 33 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2018, that is 31-07-2019.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 nothing on record not filed -
31-12-2020 31-07-2021 nothing on record not filed -
31-12-2019 31-07-2020 nothing on record not filed -
31-12-2018 31-07-2019 28-06-2019 33 d early 2019-24700097
31-12-2017 31-07-2018 12-07-2018 19 d early 2018-32300306
31-12-2016 31-07-2017 17-08-2017 17 d late 2017-43900458
31-12-2015 31-07-2016 30-08-2016 30 d late 2016-54200056
31-12-2014 31-07-2015 27-08-2015 27 d late 2015-55000042

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€82k
Working capital€73k
Directors1

Annual accounts & ratios

Source: NBB · 2018
Annual accounts filed on 28-06-2019 with the NBB · fiscal year 2018 · volledig
Fiscal year2018
Depositvolledig
Revenue-
EBITDA€286k
Net profit€82k
Cash flow€119k
Staff costs-
Income taxes€35k
Dividends€0
Total assets€1.24M
Equity€124k
Debt€1.11M
of which ≤ 1y€1.07M
of which > 1y€46k
Working capital€73k
Employees (FTE)13.2
Ratios (computed)
2018
Current ratio1.07
Quick ratio1.07
Working capital ratio5.9%
Solvency10.0%
Debt / equity0.37
Long-term debt ratio0.37
Interest coverage-
Gross margin-
Net margin-
ROA6.6%
ROE66.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2018
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2018
Balance sheet, Assets
TOTAL ASSETS 20/58€1.24M
Fixed assets 21/28€96k
Formation expenses 20€0
Intangible fixed assets 21€0
Tangible fixed assets 22/27€96k
Financial fixed assets 28€150
Current assets 29/58€1.14M
Stocks & contracts in progress 3€0
Amounts receivable within one year 40/41€907k
Investments 50/53€0
Cash & bank 54/58€153k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.24M
Equity 10/15€124k
Contributions / capital 10/11€15k
Reserves 13€107k
Accumulated profits (losses) 14€2k
Provisions & deferred taxes 16€0
Amounts payable 17/49€1.11M
Amounts payable after one year 17€46k
Amounts payable within one year 42/48€1.07M
Trade debts payable within one year 44€168k
Income statement
Gross operating margin 9900€915k
Operating result 9901€249k
Financial income 75€0
Financial charges 65€43k
Result before taxes 9903€206k
Income taxes 67/77€35k
Net result for the period 9904€170k
Result to be appropriated 9905€170k
Ratios computed by Checked.

Health barometer

FY 2018 · computed
20 / 100 Critical
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2018 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

4 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator DELPHINE VANHOUTTE
RUE SAINT ACHAIRE 86B, 7700 MOUSCRON- . Date provisoire de cessation de paiement : 30/06/2020
 30-06-2020 → present Belgian State Gazette

Legal Structure

NACE primary Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200)
Legal form Private limited company (pre-2019)(015)
Incorporation20-06-2007
StatusActive
Postal code7700
First BS signal 29-05-2019
Latest BS signal 14-07-2020

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Industriëlaan 807700 Mouscron

Establishment units

1 location
ADM
Industriëlaan 80, 7700 MouscronHoldings
since 20152.247.051.421
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area7,436 m²
Buildings1
Building footprint2,158 m²
Volume (LiDAR)16,577 m³
Tallest building13.7 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
54007B0410/00G000 Wallonia 7,436 m² 1 · 2,158 m² 13.7 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

3 events from the State Gazette
14-07-2020
Bankruptcy Opening
Date: 30-06-2020 · Tribunal de l’entreprise du Hainaut, division Tournai · ADM SPRL BOULEVARD INDUS- TRIEL 80, 7700 MOUSCRON · Publications in State Gazette ↗
20-11-2019
Judicial reorganisation Extension
Date: 13-11-2019 · Tribunal de l’entreprise du Hainaut · collectif · Publications in State Gazette ↗
29-05-2019
Judicial reorganisation Opening
Date: 23-05-2019 · Tribunal de l’entreprise du Hainaut · collectif · Publications in State Gazette ↗

Time machine: BS events + macro context

2019-2026
COVID lockdownEnergiecrisisECB hikes201920202021202220232024202520262019-05-29 · Judicial reorganisation · Opening2019-11-20 · Judicial reorganisation · Extension2020-07-14 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health20Profitability100Solvency53Growth-Stability0
43 / 100

Fragile profile, watch stability in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 20
Profitability 100
Solvency 53
Growth -
Stability 0

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 15,428 of the 82,011 companies in this sector. 12,427 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142
Primary activity highlighted.
Names & trade names
Legal nameFR ADM
Registered office
Industriëlaan 80
7700 Mouscron, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.