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 52 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ADNCO from Vorst, company number BE0631985385, closed financial year 2025 with a result of € 23,212 after tax. For that financial year ADNCO recorded a gross margin of € -1,978 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 29,593 to € 23,212. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 1.3 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,212
▼ 22% vs 2024
Profit after tax over the fiscal year.
€ 42,518
▼ 43% 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 € 457,413.
People and assets in 2025
€ 21,533
▲ 24% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 107,826
▲ 263% vs 2024
Of which on lease € 18,586.
Debts at end 2025
€ 1.9 million
▲ 65% vs 2024
€ 11,107 is repaid this year. At this pace the long-term loan is gone in ≈ 168 years.
€ 3,255
▲ € 3,109 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,551
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 148,469 | € 188,018 | € 180,986 | € -1,978 | ▼ € 182,963 |
| Profit after taxes | € 49,796 | € 62,341 | € 29,593 | € 23,212 | ▼ 22% |
| Equity | € 1,155,657 | € 1,216,080 | € 1,245,673 | € 1,268,886 | ▲ 2% |
| Total debts | € 1,963,093 | € 1,899,811 | € 1,958,733 | € 1,949,476 | |
| Cash | € 34,528 | € 761 | € 74,899 | € 42,518 | ▼ 43% |
| Retained profit | € 348,657 | € 404,608 | € 434,201 | € 457,413 | ▲ 5% |
| Bank debt | € 1,044,871 | € 951,473 | € 1,129,322 | € 1,862,538 | ▲ 65% |
| Balance sheet total | € 3,118,750 | € 3,115,891 | € 3,204,406 | € 3,218,362 |
Key figures of ADNCO, 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 ADNCO?
What happened at ADNCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 23,212 (▼ 22% vs 2024). Source: NBB ↗
- New establishment in Vorst. KBO
- André DEGRAEVE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 49,796 profit in 2022 to € 23,212 profit in 2025.
Paid € 50,703 in corporate taxes since 2022.
Best year ever: 2023, with € 62,341 profit.
A new publication or filing at ADNCO? 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
Directors
According to the 2025 annual accounts
André DEGRAEVE
Director
since 2015
Establishments
Establishment units
Physical locations of this company
Humaniteitslaan 415
1190 Vorst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Cibeag N.V., Anciennement Entreprises G. Stockhem
Protec Belgium
€ 38,599 gross margin · 2025
SDT International
€ 2.9 million gross margin · 2024
Quivadec
€ 3.4 million gross margin · 2025
ONDERNEMINGEN HERCULES
€ 939,741 gross margin · 2024
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0631.985.385
- VAT number
- BE 0631.985.385
- Registered office
- Humaniteitslaan 415, 1190 Vorst
- Names & denominations
- ADNCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 June 2015
- Peppol
- Active · Active since 19 Aug 2026
- Activities · NACE
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