Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ADICAR from Koksijde, company number BE0453121048, closed financial year 2025 with a result of € 14,415 after tax. For that financial year ADICAR recorded a gross margin of € 15,980 and equity of € -567,750. Compared with financial year 2024, the result moved from € -76,652 to € 14,415. Profitable, and profit is growing. 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 July 22, 2026.
€ -567,750
▲ € 14,415 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,415
▲ still € 76,652 loss in 2024
Profit after tax over the fiscal year.
€ 3,004
▲ 178% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -677,750.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 115
▼ 85% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,910
▲ 72% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -87,679 | € 228,535 | € -5,916 | € 15,980 | ▲ € 21,896 |
| Profit after taxes | € -385,860 | € 111,124 | € -76,652 | € 14,415 | ▲ € 91,067 |
| Equity | € -616,637 | € -505,513 | € -582,165 | € -567,750 | ▲ € 14,415 |
| Total debts | € 1,341,555 | € 595,214 | € 594,648 | € 595,688 | |
| Cash | € 13,512 | € 12,565 | € 1,081 | € 3,004 | ▲ 178% |
| Land & buildings | € 424,363 | € 0 | - | - | |
| Retained profit | € -726,637 | € -615,513 | € -692,165 | € -677,750 | ▲ € 14,415 |
| Balance sheet total | € 724,918 | € 89,701 | € 12,483 | € 27,938 | ▲ 124% |
| Employees (FTE) | 3 | - | 0 | - |
Key figures of ADICAR, 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 ADICAR?
What happened at ADICAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hemax Be BV stepped down as director. NBB
- Kristof Lefever stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 14,415. Source: NBB ↗
- Kristof Lefever became a director. NBB
- V-Park stepped down as director. NBB
- Hemax Be BV became a director. NBB
- V-Park became a director. NBB
- New establishment in Koksijde. KBO
In short
From € 385,860 loss in 2022 to € 14,415 profit in 2025.
Paid € 558 in corporate taxes since 2022.
Best year ever: 2023, with € 111,124 profit.
Management
Directors
According to the 2025 annual accounts
Managing director · represented by Miranda Provoost
Also active at: V-Park, LTPZ Overseas, SUN 4 ALL
since 2025 · until 2031
Kristof Lefever
Director
Also active at: MENA, V-Park, Cérélia Veurne Real Estate 1, LTPZ Overseas, HEMAX BE, SUN 4 ALL
since 2026 · until 2031
Director · represented by Kristof Lefever
since 2025 · until 2026
Establishments
Establishment units
Physical locations of this company
Grensstraat(Kok) 2
8670 Koksijde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0453.121.048
- VAT number
- BE 0453.121.048
- Registered office
- Grensstraat(Kok) 2, 8670 Koksijde
- Names & denominations
- ADICAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 1994
- Peppol
- Active · Active since 15 May 2025
- Activities · NACE
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