Summary
ADNIL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €16.84M and a net result of €3.07M. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 90% of 1423 sector peers (fiscal year 2024). The company has been active since 1996 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 check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-09-2025, 43 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
43 d late
2023
126 d late
2022
7 d late
2021
31 d late
2020
24 d late
2019
59 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€16.84M▲ 0.4%
2023 · €16.77M
2018: €12.03Mlowest in 7 years
2019: €12.28M▲ +2.1% vs 2018
2020: €14.76M▲ +20.2% vs 2019
2021: €17.87M▲ +21.1% vs 2020
2022: €18.62M▲ +4.2% vs 2021highest in 7 years
2023: €16.77M▼ -9.9% vs 2022
2024: €16.84M▲ +0.4% vs 2023
2018 → 2024
Net result
€3.07M▲ 167%
2023 · €1.15M
2018: €2.30M
2019: €2.25M▼ -1.9% vs 2018
2020: €2.48M▲ +10.0% vs 2019
2021: €3.11M▲ +25.6% vs 2020
2022: €3.75M▲ +20.4% vs 2021highest in 7 years
2023: €1.15M▼ -69.3% vs 2022lowest in 7 years
2024: €3.07M▲ +167% vs 2023
2018 → 2024
Total assets
€19.14M▲ 12.3%
2023 · €17.05M
2018: €13.35Mlowest in 7 years
2019: €14.45M▲ +8.3% vs 2018
2020: €14.78M▲ +2.3% vs 2019
2021: €18.13M▲ +22.7% vs 2020
2022: €19.30M▲ +6.5% vs 2021highest in 7 years
2023: €17.05M▼ -11.7% vs 2022
2024: €19.14M▲ +12.3% vs 2023
2018 → 2024
Solvency
88.0%▼ 10.4pp
2023 · 98.4%
2018: 90.1%
2019: 85.0%▼ -5.7% vs 2018lowest in 7 years
2020: 99.9%▲ +17.5% vs 2019highest in 7 years
2021: 98.6%▼ -1.3% vs 2020
2022: 96.5%▼ -2.1% vs 2021
2023: 98.4%▲ +2.0% vs 2022
2024: 88.0%▼ -10.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€14.76M-€17.87M▲ 21.1%€18.62M▲ 4.2%€16.77M▼ 9.9%€16.84M▲ 0.4%
2020: €14.76Mlowest in 5 years
2021: €17.87M▲ +21.1% vs 2020
2022: €18.62M▲ +4.2% vs 2021highest in 5 years
2023: €16.77M▼ -9.9% vs 2022
2024: €16.84M▲ +0.4% vs 2023
Operating result€-18k-€-18k▲ 1.8%€-20k▼ 13.1%€-24k▼ 15.3%€-23k▲ 1.3%
2020: €-18k
2021: €-18k▲ +1.8% vs 2020highest in 5 years
2022: €-20k▼ -13.1% vs 2021
2023: €-24k▼ -15.3% vs 2022lowest in 5 years
2024: €-23k▲ +1.3% vs 2023
Net result€2.48M-€3.11M▲ 25.6%€3.75M▲ 20.4%€1.15M▼ 69.3%€3.07M▲ 167%
2020: €2.48M
2021: €3.11M▲ +25.6% vs 2020
2022: €3.75M▲ +20.4% vs 2021highest in 5 years
2023: €1.15M▼ -69.3% vs 2022lowest in 5 years
2024: €3.07M▲ +167% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2024 against €24k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19.14M
Fixed assets
€936k =
Current assets
€18.21M ▲ 13.0%
Equity and liabilities €19.14M
Equity
€16.84M ▲ 0.4%
Debt
€2.30M ▲ 734%
Debt's share of the balance-sheet total rises from 1.6% to 12.0%. Equity and debt are higher.
Key figures and ratios
ROE
18.2%▲
2023 · 6.9%
ROA
16.0%▲
2023 · 6.8%
Debt ≤ 1 year
€2.30M▲
2023 · €276k
Income taxes
€0▼
2023 · €371k
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€17.05M€19.14M▲
Fixed assets21/28€936k€936k=
Financial fixed assets28€936k€936k=
Current assets29/58€16.11M€18.21M▲
Amounts receivable within one year40/41€224k€244k▲
Other amounts receivable41€224k€244k▲
Current investments50/53€14.80M€16.11M▲
Cash at bank and in hand54/58€1.08M€1.85M▲
Equity and liabilities
Total equity and liabilities10/49€17.05M€19.14M▲
Equity10/15€16.77M€16.84M▲
Contributions10/11€219k€219k=
Capital10€186k€186k=
Issued capital100€186k€186k=
Outside capital11€33k€33k=
Share premium1100/10€33k€33k=
Reserves13€1.02M€1.02M=
Non-distributable reserves130/1€19k€19k=
Legal reserve130€19k€19k=
Distributable reserves133€1.00M€1.00M=
Profit (loss) carried forward14€15.53M€15.60M▲
Amounts payable17/49€276k€2.30M▲
Amounts payable within one year42/48€276k€2.30M▲
Trade debts44€3k€26k▲
Suppliers440/4€3k€26k▲
Taxes, remuneration and social security45€273k€273k=
Taxes450/3€273k€273k=
Other amounts payable47/48-€2.00M
Income statement
Code20232024
Gross operating margin9900€-24k€-23k▲
Operating profit (loss)9901€-24k€-23k▲
Financial income75/76B€2.88M€2.07M▼
Recurring financial income75€2.88M€2.07M▼
Financial charges65/66B€1.33M€-1.03M▼
Recurring financial charges65€1.33M€-1.03M▼
Profit (loss) for the period before taxes9903€1.52M€3.07M▲
Income taxes67/77€371k€0▼
Profit (loss) for the period9904€1.15M€3.07M▲
Profit (loss) for the period to be appropriated9905€1.15M€3.07M▲
Appropriation of the result
Profit (loss) to be appropriated9906€18.53M€18.60M▲
Profit (loss) brought forward from the previous period14P€17.38M€15.53M▼
Profit to be distributed694/7€3.00M€3.00M=
Return on contributions (dividend)694€3.00M€3.00M=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | €-18k | €-18k | €-20k | €-24k | €-23k | ▲ 1.3% |
| Operating profit (loss)9901 | €-18k | €-18k | €-20k | €-24k | €-23k | ▲ 1.3% |
| Financial income75/76B | - | €3.57M | €4.22M | €2.88M | €2.07M | ▼ 28.2% |
| Recurring financial income75 | €2.72M | €3.57M | €4.22M | €2.88M | €2.07M | ▼ 28.2% |
| Financial charges65/66B | - | €-24k | €30k | €1.33M | €-1.03M | ▼ 177% |
| Recurring financial charges65 | €6k | €-24k | €30k | €1.33M | €-1.03M | ▼ 177% |
| Profit (loss) for the period before taxes9903 | €2.70M | €3.58M | €4.17M | €1.52M | €3.07M | ▲ 102% |
| Income taxes67/77 | €219k | €468k | €420k | €371k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €2.48M | €3.11M | €3.75M | €1.15M | €3.07M | ▲ 167% |
| Profit (loss) for the period to be appropriated9905 | €2.48M | €3.11M | €3.75M | €1.15M | €3.07M | ▲ 167% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.78M | €18.13M | €19.30M | €17.05M | €19.14M | ▲ 12.3% |
| Fixed assets21/28 | €936k | €936k | €936k | €936k | €936k | = |
| Financial fixed assets28 | €936k | €936k | €936k | €936k | €936k | = |
| Current assets29/58 | €13.85M | €17.20M | €18.37M | €16.11M | €18.21M | ▲ 13.0% |
| Amounts receivable within one year40/41 | €37k | €46k | €249k | €224k | €244k | ▲ 8.9% |
| Other amounts receivable41 | - | €46k | €249k | €224k | €244k | ▲ 8.9% |
| Current investments50/53 | €13.70M | €16.96M | €16.94M | €14.80M | €16.11M | ▲ 8.8% |
| Cash at bank and in hand54/58 | €113k | €186k | €1.18M | €1.08M | €1.85M | ▲ 71.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.78M | €18.13M | €19.30M | €17.05M | €19.14M | ▲ 12.3% |
| Equity10/15 | €14.76M | €17.87M | €18.62M | €16.77M | €16.84M | ▲ 0.4% |
| Contributions10/11 | €186k | €219k | €219k | €219k | €219k | = |
| Capital10 | - | €186k | €186k | €186k | €186k | = |
| Issued capital100 | - | €186k | €186k | €186k | €186k | = |
| Outside capital11 | - | €33k | €33k | €33k | €33k | = |
| Share premium1100/10 | - | €33k | €33k | €33k | €33k | = |
| Reserves13 | €1.02M | €1.02M | €1.02M | €1.02M | €1.02M | = |
| Non-distributable reserves130/1 | - | €19k | €19k | €19k | €19k | = |
| Legal reserve130 | - | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | - | €1.00M | €1.00M | €1.00M | €1.00M | = |
| Profit (loss) carried forward14 | €13.52M | €16.63M | €17.38M | €15.53M | €15.60M | ▲ 0.5% |
| Amounts payable17/49 | €22k | €261k | €684k | €276k | €2.30M | ▲ 734% |
| Amounts payable within one year42/48 | €22k | €261k | €684k | €276k | €2.30M | ▲ 734% |
| Trade debts44 | €3k | €715 | €4k | €3k | €26k | ▲ 867% |
| Suppliers440/4 | - | €715 | €4k | €3k | €26k | ▲ 867% |
| Taxes, remuneration and social security45 | - | €260k | €680k | €273k | €273k | = |
| Taxes450/3 | - | €260k | €680k | €273k | €273k | = |
| Other amounts payable47/48 | - | - | - | - | €2.00M | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.48M | €3.11M | €3.75M | €1.15M | €3.07M | ▲ 167% |
| Operating cash flow (approximation) | €2.48M | €3.11M | €3.75M | €1.15M | €3.07M | ▲ 167% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €73k | €997k | €-101k | €771k | ▲ 866% |
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
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 43 days late
2024
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 126 days late
2023
31-12
Financial
Weakest financial yearnet €1.15M ▼69.3%
Net result drops to €1.15M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 58.45
Current ratio from 26.86 to 58.45; short-term debt falls from €684k to €276k.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Highest result since 2018net €3.75M ▲20.4%
Net result €3.75M, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Liquidity times 103current ratio 641.52
Current ratio from 6.23 to 641.52; short-term debt falls from €2.17M to €22k.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 45 days late
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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-Joost-ten-Node · 1 establishment unit since 1997
Ground area
3,162 m²
Building footprint
2,256 m²
Volume, LiDAR
107,414 m³
Parcel 21014A0112/00K002, Brussels · tallest building 79.3 m, ±19 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Lazaruslaan 4-10 ET6, 1210 Sint-Joost-ten-Node
since 19972.076.096.146
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0112/00K002 | Brussels | 3,162 m² | 1 · 2,256 m² | 79.3 m · 19 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
Legal Entity Identifier
254900S2TKF8MPI0UQ59
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Of 1,507 companies in sector 66199 we hold annual accounts for 917. 140 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-03-1996
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Scores and ratios are computed by Checked and are not a credit decision.