ADUFIN
ActiveADUFIN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.56M and a net result of €-195k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 89% of 31527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
60
/ 100
Healthy▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth38▲+16
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 2.06 against 3.68 in 2024), and 9.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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
90.6%
Return on assets
-3.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€195k
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
on the day
2023
33 d early
2022
28 d late
2021
44 d early
2020
33 d early
2019
on the day
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0▼ 100%
2024 · €72k
2021: €117k
2022: €170k
2023: €180k
2024: €72k
2021 → 2025
EBIT margin
-431.3%▼ 350.7pp
2023 · -80.6%
2021: -67.3%
2022: -110.7%
2023: -80.6%
2021 → 2024
Net result
€-195k▲ 14.6%
2024 · €-228k
2018: €-208k
2019: €141k
2020: €-134k
2021: €310k
2022: €-431k
2023: €35k
2024: €-228k
2018 → 2025
Working capital
€613k▼ 47.6%
2024 · €1.17M
2018: €1.35M
2019: €1.96M
2020: €1.88M
2021: €2.49M
2022: €1.49M
2023: €1.68M
2024: €1.17M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€117k-€170k▲ 45.5%€180k▲ 5.9%€72k▼ 59.9%€0▼ 100%
Equity€6.38M-€5.95M▼ 6.8%€5.99M▲ 0.6%€5.76M▼ 3.8%€5.56M▼ 3.4%
Operating result€-79k-€-188k▼ 139%€-145k▲ 22.9%€-311k▼ 115%€-335k▼ 7.5%
Net result€310k-€-431k€35k€-228k€-195k▲ 14.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €335k in 2025 against €311k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.14M
Fixed assets
€4.95M▲ 5.6%
Current assets
€1.19M▼ 25.8%
Equity and liabilities €6.14M
Equity
€5.56M▼ 3.4%
Debt
€579k▲ 7.9%
The debt ratio rises from 8.5% to 9.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-207k▼
2024 · €-205k
Cash flow
€-67k▲
2024 · €-121k
Solvency
90.6%▼
2024 · 91.5%
Current ratio
2.06▼
2024 · 3.68
Quick ratio
2.06▼
2024 · 3.68
Debt / equity
0.10▲
2024 · 0.09
ROE
-3.5%▲
2024 · -4.0%
ROA
-3.2%▲
2024 · -3.6%
Interest coverage
-14.73▼
2024 · -8.24
Debt
€579k▲
2024 · €536k
Debt ≤ 1 year
€578k▲
2024 · €436k
Debt > 1 year
€801▼
2024 · €101k
Income taxes
€459▲
2024 · €439
Staff costs
€73k▼
2024 · €102k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.29M€6.14M▼
Formation expenses20€0€0=
Fixed assets21/28€4.69M€4.95M▲
Tangible fixed assets22/27€4.69M€4.95M▲
Land and buildings22€4.23M€4.24M▲
Plant, machinery and equipment23€341k€461k▲
Furniture and vehicles24€0€0=
Other tangible fixed assets26€115k€254k▲
Financial fixed assets28€118€118=
Current assets29/58€1.60M€1.19M▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€19k€19k▼
Trade receivables40€0-
Other amounts receivable41€19k€19k▼
Current investments50/53€1.56M€1.11M▼
Cash at bank and in hand54/58€14k€51k▲
Deferred charges and accrued income490/1€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€6.29M€6.14M▼
Equity10/15€5.76M€5.56M▼
Contributions10/11€7.20M€7.20M=
Capital10€7.20M€7.20M=
Issued capital100€7.20M€7.20M=
Profit (loss) carried forward14€-1.44M€-1.64M▼
Amounts payable17/49€536k€579k▲
Amounts payable after more than one year17€101k€801▼
Other amounts payable178/9€101k€801▼
Amounts payable within one year42/48€436k€578k▲
Financial debts43€350k€500k▲
Credit institutions430/8€350k€500k▲
Trade debts44€48k€37k▼
Suppliers440/4€48k€37k▼
Taxes, remuneration and social security45€21k€26k▲
Taxes450/3€2k€14k▲
Remuneration and social security454/9€19k€12k▼
Other amounts payable47/48€16k€15k▼
Income statement
Code20242025
Turnover70€72k€0▼
Goods, raw materials, services and sundry goods60/61€147k€0▼
Remuneration, social security and pensions62€102k€73k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107k€128k▲
Other operating charges640/8€46k€69k▲
Gross operating margin9900€-56k€-65k▼
Operating profit (loss)9901€-311k€-335k▼
Financial income75/76B€109k€154k▲
Recurring financial income75€109k€154k▲
Financial charges65/66B€25k€14k▼
Recurring financial charges65€25k€14k▼
Profit (loss) for the period before taxes9903€-228k€-194k▲
Income taxes67/77€439€459▲
Profit (loss) for the period9904€-228k€-195k▲
Profit (loss) for the period to be appropriated9905€-228k€-195k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.44M€-1.64M▼
Profit (loss) brought forward from the previous period14P€-1.21M€-1.44M▼
The notes to these accounts (5 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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-431k ▼239%
Net result drops to €-431k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €310k
Net result €310k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €141k
Net result €141k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
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.
Directors · office · real estate
Directors
2 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, Havelange · 1 establishment unit since 1997
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.
Rue Gomzée(ME) 45372 HavelangeGround area
2.0 ha
Parcel 91087B0272/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Gomzée(ME) 4, 5372 Havelange
since 19972.079.767.991
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91087B0272/00N000 | Wallonia | 2.0 ha | - | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
967600NAB3INSUQLZ428
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Of 9,095 companies in sector 68201 we hold annual accounts for 6,729. 2,974 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-09-1996
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70201
70220Business consulting
74142
69202Legal and accounting activities
69209Other tax advisory services
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@adufin.be