Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ADF BELGIUM from Antwerpen, company number BE0681678980, closed financial year 2025 with a result of € -286,412 after tax. For that financial year ADF BELGIUM recorded revenue of € 18.4 million and equity of € 150,794. Compared with financial year 2024, the result moved from € -308,586 to € -286,412. The company made a loss. The buffer shrank hard: equity is 66 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 150,794
▼ 66% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -286,412
▲ 7 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1.1 million
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 50,794.
People and assets in 2025
78.4
▲ 9.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.3 million
▲ 12% vs 2024
€ 80,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 40,326
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.8 million
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 1.1 million
▲ 10% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 16,857,732 | € 15,350,919 | € 21,127,766 | € 18,370,471 | ▼ 13% |
| Profit after taxes | € 238,167 | € 301,917 | € -308,586 | € -286,412 | ▲ € 22,174 |
| Equity | € 443,874 | € 745,792 | € 437,206 | € 150,794 | ▼ 66% |
| Total debts | € 6,795,887 | € 7,299,141 | € 8,459,965 | € 6,487,776 | ▼ 23% |
| Cash | € 1,037,743 | € 688,338 | € 1,326,302 | € 1,068,038 | ▼ 19% |
| Retained profit | € 343,874 | € 645,792 | € 337,206 | € 50,794 | ▼ 85% |
| Balance sheet total | € 7,239,761 | € 8,044,932 | € 8,897,171 | € 6,638,570 | ▼ 25% |
| Employees (FTE) | 72.6 | 69.2 | 69.3 | 78.4 | ▲ 9.1 |
Key figures of ADF BELGIUM, 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 ADF BELGIUM?
What happened at ADF BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ADF CROISSANCE BO stepped down as director. NBB
- GROUPE ADF BO stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 286,412. Source: NBB ↗
- ADF CROISSANCE BO became a director. NBB
- GROUPE ADF BO became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
- New establishment in Evergem. KBO
In short
From € 238,167 profit in 2022 to € 286,412 loss in 2025.
Paid € 418,877 in corporate taxes since 2022.
Best year ever: 2023, with € 301,917 profit.
Pays suppliers within 83 days on average.
A new publication or filing at ADF BELGIUM? 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
The stake of ADF BENELUX, ADF TIB comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ADF BELGIUMThe shares are held by ADF BENELUX (70%) and ADF TIB (30%).
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Managing director · represented by Stéphane LANGRAND
since 2023 · until 2029
Shareholders
70%
30%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Spitsenstraat 34
2030 Antwerpen
Samberstraat 49
2060 Antwerpen
Active since 22 September 2017
Finlandstraat 17 box 2
9940 Evergem
Active since 19 July 1976
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0681.678.980
- VAT number
- BE 0681.678.980
- Registered office
- Spitsenstraat 34, 2030 Antwerpen
- Names & denominations
- ADF BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 September 2017
- Peppol
- Active · Active since 24 Mar 2026
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