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.
-
Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ADCO from Brakel, company number BE0461230545, closed financial year 2025 with a result of € 48,176 after tax. For that financial year ADCO recorded a gross margin of € 58,572 and equity of € -255,141. Compared with financial year 2024, the result moved from € 69,566 to € 48,176. The company is profitable. 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 June 30, 2026.
€ -255,141
▲ € 48,176 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 48,176
▼ 31% vs 2024
Profit after tax over the fiscal year.
€ 3,218
▲ € 2,749 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 € -304,741.
People and assets in 2025
€ 1,655
▲ 95% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 372,101
▲ 16% vs 2024
€ 9,375 is repaid this year. At this pace the long-term loan is gone in ≈ 40 years.
€ 4,418
▲ € 3,965 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,402
▲ 207% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 41,569 | € 72,639 | € 72,592 | € 58,572 | ▼ 19% |
| Profit after taxes | € 31,463 | € 70,148 | € 69,566 | € 48,176 | ▼ 31% |
| Equity | € -443,031 | € -372,883 | € -303,317 | € -255,141 | ▲ € 48,176 |
| Total debts | € 453,579 | € 380,702 | € 329,617 | € 382,929 | ▲ 16% |
| Cash | - | € 125 | € 469 | € 3,218 | ▲ € 2,749 |
| Land & buildings | - | - | € 17,660 | € 114,326 | ▲ € 96,666 |
| Retained profit | € -492,631 | € -422,483 | € -352,917 | € -304,741 | ▲ € 48,176 |
| Bank debt | € 447,134 | € 375,000 | € 322,000 | € 372,101 | ▲ 16% |
| Balance sheet total | € 10,548 | € 7,819 | € 26,300 | € 127,788 | ▲ € 101,488 |
Key figures of ADCO, 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 ADCO?
What happened at ADCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 48,176 (▼ 31% vs 2024). Source: NBB ↗
- New establishment in Brakel. KBO
- Start of the company according to the CBE. KBO
In short
From € 31,463 profit in 2022 to € 48,176 profit in 2025.
Paid € 263 in corporate taxes since 2022.
Best year ever: 2023, with € 70,148 profit.
Management
Behind ADCO are ANNEMIE D'HAEYER and JOHAN COPPENS.
Directors
According to the 2025 annual accounts
ANNEMIE D'HAEYER
Director
JOHAN COPPENS
Director
Establishments
Establishment units
Physical locations of this company
Ekeveldstraat 7
9660 Brakel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.230.545
- VAT number
- BE 0461.230.545
- Registered office
- Ekeveldstraat 7, 9660 Brakel
- Names & denominations
- ADCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 August 1997
- Peppol
- Active · Active since 25 May 2025
- Activities · NACE
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Detailhandel in baby- en kinderkleding
Diverse administratieve activiteiten ten behoeve van kantoren
Detailhandel in baby- en kinderbovenkleding
Overige detailhandel in nieuwe artikelen neg
Overige gespecialiseerde detailhandel in artikelen, andere dan voedingsmiddelen, n.e.g.