ADALCO is a construction equipment rental company in Merchtem. Public Limited, started on 29 September 1993, 1 establishment.

What is the address of ADALCO?

The registered office of ADALCO is located at Osselstraat 2, 1785 Merchtem.

Is ADALCO still active?

Yes. According to the CBE (30 October 2026) ADALCO is active, legal situation “Normale toestand”, started on 29 September 1993.

Is ADALCO registered on Peppol?

Yes, ADALCO is registered on the Peppol network with ID 0208:0451014960.

What is the enterprise number of ADALCO?

The enterprise number of ADALCO is BE0451014960.

When was ADALCO founded?

ADALCO was founded on 29 September 1993.

Who are the directors of ADALCO?

According to the 2024 annual accounts, the directors of ADALCO are: Frank D'haese, Lina Connart.

Is ADALCO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 September 1993; 4 annual accounts filed, latest fiscal year 2024; 2 directors known from the annual account.

How much profit did ADALCO make in 2024?

ADALCO posted a profit after taxes of € 5,491 in financial year 2024.

What is the revenue of ADALCO?

As a small company, ADALCO is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 10,991.

ADALCO (Public Limited) - Merchtem - BE0451014960

Dossier ADALCO, printed on 30 October 2026 from databakkes.be/en/0451014960/adalco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 38 % of short-term debt in 2024; threshold 65 %.

Financials

Financial year 2024

ADALCO from Merchtem, company number BE0451014960, closed financial year 2024 with a result of € 5,491 after tax. For that financial year ADALCO recorded a gross margin of € 10,991 and equity of € 28,744. Compared with financial year 2023, the result moved from € -3,970 to € 5,491. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.

What it is worth Healthy

€ 28,744

▼ 50% vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 5,491

▲ still € 3,970 loss in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 37,983

▲ € 33,725 vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € -33,256.

Debts at end 2024

Bank debt

€ 2,936

▲ 250% vs 2023

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 11,529

▼ 67% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 11,112

▲ € 10,904 vs 2023

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 23,380 Gross margin 2021: € 23,380 First fiscal year in the series	€ 23,230 Gross margin 2022: € 23,230 ▼ 1% vs 2021 (€ 23,380) Unfavourable step	€ 17,974 Gross margin 2023: € 17,974 ▼ 23% vs 2022 (€ 23,230) Unfavourable step	€ 10,991 Gross margin 2024: € 10,991 ▼ 39% vs 2023 (€ 17,974) Unfavourable step	▼ 39%
Profit after taxes	€ -303 Profit after taxes 2021: € -303 First fiscal year in the series	€ 933 Profit after taxes 2022: € 933 ▲ € 1,236 vs 2021 (€ -303) Favourable step	€ -3,970 Profit after taxes 2023: € -3,970 ▼ € 4,902 vs 2022 (€ 933) Unfavourable step	€ 5,491 Profit after taxes 2024: € 5,491 ▲ € 9,461 vs 2023 (€ -3,970) Favourable step	▲ € 9,461
Equity	€ 60,207 Equity 2021: € 60,207 First fiscal year in the series	€ 61,139 Equity 2022: € 61,139 ▲ 2% vs 2021 (€ 60,207) Favourable step	€ 57,170 Equity 2023: € 57,170 ▼ 6% vs 2022 (€ 61,139) Unfavourable step	€ 28,744 Equity 2024: € 28,744 ▼ 50% vs 2023 (€ 57,170) Unfavourable step	▼ 50%
Total debts	€ 162,565 Total debts 2021: € 162,565 First fiscal year in the series	€ 90,867 Total debts 2022: € 90,867 ▼ 44% vs 2021 (€ 162,565) Favourable step	€ 93,349 Total debts 2023: € 93,349 ▲ 3% vs 2022 (€ 90,867) Unfavourable step	€ 157,070 Total debts 2024: € 157,070 ▲ 68% vs 2023 (€ 93,349) Unfavourable step	▲ 68%
Cash	€ 17,999 Cash 2021: € 17,999 First fiscal year in the series	€ 6,323 Cash 2022: € 6,323 ▼ 65% vs 2021 (€ 17,999) Unfavourable step	€ 4,257 Cash 2023: € 4,257 ▼ 33% vs 2022 (€ 6,323) Unfavourable step	€ 37,983 Cash 2024: € 37,983 ▲ € 33,725 vs 2023 (€ 4,257) Favourable step	▲ € 33,725
Land & buildings	€ 128,541 Land & buildings 2021: € 128,541 First fiscal year in the series	€ 109,253 Land & buildings 2022: € 109,253 ▼ 15% vs 2021 (€ 128,541) Unchanged	€ 90,459 Land & buildings 2023: € 90,459 ▼ 17% vs 2022 (€ 109,253) Unchanged	€ 83,114 Land & buildings 2024: € 83,114 ▼ 8% vs 2023 (€ 90,459) Unchanged	▼ 8%
Retained profit	€ -1,793 Retained profit 2021: € -1,793 First fiscal year in the series	€ -861 Retained profit 2022: € -861 ▲ € 933 vs 2021 (€ -1,793) Favourable step	€ -4,830 Retained profit 2023: € -4,830 ▼ € 3,970 vs 2022 (€ -861) Unfavourable step	€ -33,256 Retained profit 2024: € -33,256 ▼ € 28,426 vs 2023 (€ -4,830) Unfavourable step	▼ € 28,426
Bank debt	€ 14,772 Bank debt 2021: € 14,772 First fiscal year in the series	€ 825 Bank debt 2022: € 825 ▼ 94% vs 2021 (€ 14,772) Favourable step	€ 838 Bank debt 2023: € 838 ▲ 2% vs 2022 (€ 825) Unfavourable step	€ 2,936 Bank debt 2024: € 2,936 ▲ 250% vs 2023 (€ 838) Unfavourable step	▲ 250%
Balance sheet total	€ 239,622 Balance sheet total 2021: € 239,622 First fiscal year in the series	€ 166,820 Balance sheet total 2022: € 166,820 ▼ 30% vs 2021 (€ 239,622) Unchanged	€ 165,333 Balance sheet total 2023: € 165,333 ▼ 1% vs 2022 (€ 166,820) Unchanged	€ 185,814 Balance sheet total 2024: € 185,814 ▲ 12% vs 2023 (€ 165,333) Unchanged	▲ 12%

Key figures of ADALCO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to ADALCO?

What happened at ADALCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 29, 2025 New annual accounts for financial year 2024: profit of € 5,491. filed late Source: NBB ↗
2007 Frank D'haese became a director. NBB
2007 Lina Connart became a director. NBB
Oct 22, 1993 New establishment in Merchtem. KBO
Sep 29, 1993 Start of the company according to the CBE. KBO

In short

From € 303 loss in 2021 to € 5,491 profit in 2024.

Paid € 10,333 in corporate taxes since 2021.

Best year ever: 2024, with € 5,491 profit.

Original PDFs at the National Bank ↗

Management

Frank D'haese Lina Connart

ADALCO

Behind ADALCO are Frank D'haese and Lina Connart.

Directors

According to the 2024 annual accounts

Frank D'haese

Director

since 2007

Lina Connart

Director

since 2007

Establishments

Establishment units

Physical locations of this company

Registered office

Osselstraat 2

1785 Merchtem

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0451.014.960

VAT number

BE 0451.014.960

Registered office

Osselstraat 2, 1785 Merchtem

Names & denominations

ADALCO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

29 September 1993

Peppol

Active · Active since 21 Nov 2025

Activities · NACE

Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw

Verhuur van machines en installaties voor de bouwnijverheid

View on CBE Public ↗ Annual accounts (NBB) ↗

ADALCO

Warning lights

Financials

What happened to ADALCO?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions