Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
ADEXCO from Etterbeek, company number BE0421493011, closed financial year 2025 with a result of € -31,454 after tax. For that financial year ADEXCO recorded a gross margin of € 198,805 and equity of € 156,402. Compared with financial year 2024, the result moved from € -5,736 to € -31,454. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 156,402
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -31,454
▼ 448 % more loss than in 2024
Profit after tax over the fiscal year.
€ 50,145
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 101,402.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 189,311
▲ 2% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 90,160
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 39,464
▼ 22% vs 2024
€ 12,000 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2,384
▲ € 2,175 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,295
▼ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 173,366 | € 183,727 | € 192,814 | € 198,805 | ▲ 3% |
| Profit after taxes | € -19,395 | € -14,109 | € -5,736 | € -31,454 | ▼ € 25,719 |
| Equity | € 207,701 | € 193,592 | € 187,857 | € 156,402 | ▼ 17% |
| Total debts | € 30,911 | € 28,522 | € 79,680 | € 62,799 | ▼ 21% |
| Cash | € 157,788 | € 142,670 | € 64,121 | € 50,145 | ▼ 22% |
| Land & buildings | € 11,376 | - | - | - | |
| Retained profit | € 152,701 | € 138,592 | € 132,857 | € 101,402 | ▼ 24% |
| Bank debt | € 18,210 | € 7,432 | € 50,407 | € 39,464 | ▼ 22% |
| Balance sheet total | € 238,612 | € 222,115 | € 267,537 | € 219,201 | ▼ 18% |
Key figures of ADEXCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ADEXCO?
What happened at ADEXCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 31,454. Source: NBB ↗
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,395 loss in 2022 to € 31,454 loss in 2025.
Paid € 6,779 in corporate taxes since 2022.
A new publication or filing at ADEXCO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
HENRI MEJBLUM
Director
Establishments
Establishment units
Physical locations of this company
Louis Schmidtlaan 73
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.493.011
- VAT number
- BE 0421.493.011
- Registered office
- Louis Schmidtlaan 73, 1040 Etterbeek
- Names & denominations
- ADEXCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 April 1981
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants
Boekhouders
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Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Boekhouders en boekhouders-fiscalisten
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering