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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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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 31 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
ADECO from Aalst, company number BE0442323661, closed financial year 2025 with a result of € -364 after tax. For that financial year ADECO recorded a gross margin of € -66 and equity of € -176,608. Compared with financial year 2024, the result moved from € -3,369 to € -364. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 23, 2026.
€ -176,608
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -364
▲ 89 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -424,501.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 207,699
Loans from banks and other lenders, long and short.
€ 3,610
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -6,742 | € -212 | € -2,638 | € -66 | ▲ € 2,572 |
| Profit after taxes | € -7,884 | € -1,227 | € -3,369 | € -364 | ▲ € 3,005 |
| Equity | € -171,647 | € -172,874 | € -176,243 | € -176,608 | |
| Total debts | € 240,872 | € 242,882 | € 243,582 | € 243,816 | |
| Cash | € 169 | € 1,644 | € 131 | - | |
| Retained profit | € -419,541 | € -420,768 | € -424,137 | € -424,501 | |
| Bank debt | € 207,676 | € 207,676 | € 207,676 | € 207,699 | |
| Balance sheet total | € 69,225 | € 70,008 | € 67,339 | € 67,208 |
Key figures of ADECO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to ADECO?
What happened at ADECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 364. filed late Source: NBB ↗
- PAUL RICHARD VERSCHORREN became a director. NBB
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,884 loss in 2022 to € 364 loss in 2025.
A new publication or filing at ADECO? 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
Behind ADECO is PAUL RICHARD VERSCHORREN.
Directors
According to the 2025 annual accounts
PAUL RICHARD VERSCHORREN
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Termurenlaan 34
9320 Aalst
Ring-Oost 16
9400 Ninove
Active since 2 February 1994
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.323.661
- VAT number
- BE 0442.323.661
- Registered office
- Termurenlaan 34, 9320 Aalst
- Names & denominations
- ADECO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 1990
- Peppol
- Not registered
- Activities · NACE
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