Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ADI-GARDINER from Zedelgem, company number BE0431041967, closed financial year 2025 with a result of € -815,135 after tax. For that financial year ADI-GARDINER recorded revenue of € 19.9 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € -1.3 million to € -815,135. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 1.6 million
▼ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -815,135
▲ 38 % less loss than in 2024
Profit after tax over the fiscal year.
€ 10,131
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.2 million.
People and assets in 2025
15.5
▲ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▼ 8% vs 2024
€ 159,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 4.2 million
▲ 12% vs 2024
Loans from banks and other lenders, long and short.
€ 2.1 million
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 42 days on average.
€ 864,246
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 19,192,236 | € 21,736,263 | € 19,824,525 | € 19,868,342 | |
| Profit after taxes | € 88,765 | € -379,147 | € -1,314,672 | € -815,135 | ▲ € 499,537 |
| Equity | € 4,105,643 | € 3,726,497 | € 2,411,825 | € 1,596,690 | ▼ 34% |
| Total debts | € 6,290,869 | € 7,330,161 | € 7,283,106 | € 7,202,027 | ▼ 1% |
| Cash | € 12,876 | € 25,207 | € 10,131 | € 10,131 | |
| Land & buildings | € 30,465 | € 3,472 | € 0 | - | |
| Retained profit | € -1,683,607 | € -2,062,753 | € -3,377,425 | € -4,192,560 | ▼ € 815,135 |
| Bank debt | € 4,846,022 | € 4,747,541 | € 3,787,365 | € 4,236,961 | ▲ 12% |
| Balance sheet total | € 10,396,512 | € 11,056,658 | € 9,714,871 | € 8,808,574 | ▼ 9% |
| Employees (FTE) | 19.4 | 18.1 | 14.3 | 15.5 | ▲ 1.2 |
Key figures of ADI-GARDINER, 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 ADI-GARDINER?
What happened at ADI-GARDINER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ruth Topham stepped down as director. NBB
- Bart Vandermeulen stepped down as director. NBB
- Carl Tuerlinckx stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 815,135. Source: NBB ↗
- Ruth Topham became a director. NBB
- Bart Vandermeulen became a director. NBB
- Carl Tuerlinckx became a director. NBB
- New establishment in Zedelgem. KBO
In short
From € 88,765 profit in 2022 to € 815,135 loss in 2025.
Paid € 28,109 in corporate taxes since 2022.
Best year ever: 2022, with € 88,765 profit.
Pays suppliers within 42 days on average.
Management
The shares are held by Ademco 4 Limited (100%). It owns 100% of PITTWAY itself.
Directors
According to the 2025 annual accounts
Carl Tuerlinckx
Director
since 2021 · until 2027
Ruth Topham
Director
since 2025 · until 2031
Bart Vandermeulen
Director
since 2024 · until 2030
Shareholders
Ademco 4 Limited
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Autobaan 20
8210 Zedelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
DNS
Cloudflare DNS
Website info
Features
Security
Details
- Company number
- 0431.041.967
- VAT number
- BE 0431.041.967
- Registered office
- Autobaan 20, 8210 Zedelgem
- Names & denominations
- ADI-GARDINER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 April 1987
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- adiglobal.be
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Groothandel in elektrisch materiaal inclusief installatiemateriaal
Beveiligingsactiviteiten, neg
Diensten in verband met beveiligingssystemen