OPENING OF BANKRUPTCY

ADCOS

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Financial year 2022 · closed on 31/12/2022

Net result

-573,2 k €

-4505.3% YoY

Gross margin

398,7 k €

-44.5% YoY

Equity

285 k €

-66.8% YoY

Workforce

8,2 ETP

+24.2% YoY

Company — Opening of bankruptcy.

What does ADCOS do?

ADCOS is a Public limited company incorporated in 2004. Its main activity is: Manufacture of other chemical products n.e.c.. Its registered office is in Antwerpen. It employs on average 8,2 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0867.295.905

Incorporation

17/09/2004

Legal form

Public limited company

Registered office

Italiëlei 189 box 5
2000 Antwerpen · FlandreSee on map

Contributed capital

1 023 000,00 €

Latest accounts

31/12/2022

Average workforce

8,2 ETP

Activities (NACE)

20590Manufacture of other chemical products n.e.c.· main 20590Manufacture of other chemical products n.e.c.71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74203Photographic activities 73200Market research and public opinion polling+2

Joint committees (2)

Signals

Good liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	398,7 k €	-44.5%	717,9 k €	+168%	268,2 k €	-68.9%	863,9 k €	+2.1%	846,1 k €	+8.3%	781,1 k €	+51.2%	516,7 k €	+62.0%	318,9 k €	-20.7%	402,1 k €	+28.3%	313,4 k €	-0.2%	313,9 k €	+3.5%	303,3 k €	-18.0%	370 k €	-9.0%	406,4 k €	-12.5%	464,2 k €	+33.8%	347 k €	+44.6%	240 k €
EBITDA	-207,8 k €	-169%	299,3 k €	+297%	-151,8 k €	-161%	248 k €	+6.4%	233 k €	+21.9%	191,1 k €	+20.9%	158,1 k €	+125%	70,2 k €	-73.4%	263,6 k €	+45.0%	181,8 k €	-16.4%	217,4 k €	+22.6%	177,2 k €	-32.8%	263,9 k €	+96.0%	134,6 k €	+112%	63,6 k €	-59.6%	157,2 k €	-23.1%	204,3 k €
Operating result	-490,4 k €	-602%	97,6 k €	+133%	-299,6 k €	-556%	65,7 k €	-10.5%	73,4 k €	-23.1%	95,4 k €	+7.7%	88,6 k €	+2585%	3,3 k €	-98.1%	173,4 k €	+56.8%	110,6 k €	-1.5%	112,3 k €	+111%	53,1 k €	-67.6%	164,1 k €	+417%	31,7 k €	+124%	-130,1 k €	-270%	76,6 k €	-50.8%	155,5 k €
Net result	-573,2 k €	-4505%	13 k €	+103%	-390,7 k €	-1491%	-24,6 k €	-820%	3,4 k €	-72.2%	12,3 k €	-72.1%	44 k €	+177%	-57 k €	-182%	69,9 k €	+18.1%	59,1 k €	-22.3%	76,1 k €	+143%	31,3 k €	-75.9%	129,8 k €	+521%	-30,8 k €	+81.4%	-166,1 k €	-407%	54,1 k €	-60.7%	137,8 k €
Balance sheet
Equity	285 k €	-66.8%	858,2 k €	+1.5%	845,2 k €	-31.6%	1,2 M €	+168%	460,4 k €	+0.7%	457 k €	+2.8%	444,7 k €	+11.0%	400,7 k €	-12.4%	457,7 k €	+18.0%	387,8 k €	+18.0%	328,7 k €	+30.1%	252,6 k €	+14.1%	221,3 k €	+201%	73,5 k €	-12.8%	84,3 k €	-66.3%	250,4 k €	+27.6%	196,3 k €
Total assets	4,2 M €	-5.7%	4,5 M €	-6.6%	4,8 M €	+18.3%	4 M €	+68.7%	2,4 M €	+26.2%	1,9 M €	-7.5%	2,1 M €	+28.8%	1,6 M €	+8.8%	1,5 M €	+3.6%	1,4 M €	+18.1%	1,2 M €	-7.1%	1,3 M €	+4.2%	1,2 M €	+2.9%	1,2 M €	-21.2%	1,5 M €	+4.3%	1,5 M €	+112%	690,1 k €
Cash	94,8 k €	-21.0%	120 k €	-80.2%	606,7 k €	+57.4%	385,6 k €	+122%	173,6 k €	+94.2%	89,4 k €	-68.5%	284,1 k €	+67.0%	170,1 k €	-56.1%	387 k €	+157%	150,6 k €	+3.0%	146,2 k €	+2.5%	142,6 k €	+145%	58,2 k €	-22.0%	74,5 k €	-29.7%	106 k €	+131%	45,9 k €	+72.6%	26,6 k €
Debts	3,9 M €	+8.7%	3,6 M €	-8.5%	3,9 M €	+40.1%	2,8 M €	+45.0%	1,9 M €	+34.5%	1,4 M €	-10.3%	1,6 M €	+34.4%	1,2 M €	+18.5%	1 M €	-1.8%	1 M €	+18.2%	869,1 k €	-15.6%	1 M €	+1.3%	1 M €	-9.4%	1,1 M €	-21.6%	1,4 M €	+18.2%	1,2 M €	+146%	492,3 k €
Other
Workforce	8,2 ETP	+24.2%	6,6 ETP	-2.9%	6,8 ETP	-18.1%	8,3 ETP	-3.5%	8,6 ETP	+10.3%	7,8 ETP	+30.0%	6,0 ETP	+50.0%	4,0 ETP	+37.9%	2,9 ETP	0.0%	2,9 ETP	+31.8%	2,2 ETP	-40.5%	3,7 ETP	+12.1%	3,3 ETP	-43.1%	5,8 ETP	-37.6%	9,3 ETP	+75.5%	5,3 ETP	+231%	1,6 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 14 ended

Active mandates

ADCOCHEM

Director · 0589.984.583

Represented by Johan DeVroe

Active

Ended mandates

ADCOCHEM

Managing director · since 30 mars 2015 · until 30 mars 2021 · 0589.984.583

Represented by Johan DeVroe

Ended

ADCOCHEM

Managing director · since 30 mars 2015 · until 30 mars 2021 · 0589.984.583

Represented by Johan DeVroe

Ended

DANNY VAN KERCKHOVE

Managing director · since 01 février 2006 · until 31 mai 2010

Ended

HERMAN VAN DAMME

Managing director · since 01 février 2006 · until 31 mai 2010

Ended

At this address

Other companies at this address

Company	CBE no.
ADCOCHEM● Bankrupt	0589.984.583
AUXILIA INTERNATIONAL● Active	0479.864.443

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/06/2023	14/06/2022	30/07/2021	14/07/2020	28/06/2019	14/06/2018
General meeting	31/05/2023	25/05/2022	30/06/2021	15/06/2020	29/05/2019	30/05/2018
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	31/05/2023	23/06/2023	Dutch	PDF
Abridged model	31/12/2021	25/05/2022	14/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	14/07/2020	Dutch	PDF
Abridged model	31/12/2018	29/05/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/05/2018	14/06/2018	Dutch	PDF
Abridged model	31/12/2016	21/06/2017	11/07/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	14/07/2016	Dutch	PDF
Abridged model	31/12/2014	17/06/2015	09/07/2015	Dutch	PDF
Abridged model	31/12/2013	28/05/2014	16/06/2014	Dutch	PDF
Abridged model	31/12/2012	19/06/2013	18/07/2013	Dutch	PDF
Abridged model	31/12/2011	06/06/2012	02/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	17/07/2007	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 14 ended

Active mandates

ADCOCHEM

Director · 0589.984.583

Represented by Johan DeVroe

Active

Ended mandates

ADCOCHEM

Managing director · since 30 mars 2015 · until 30 mars 2021 · 0589.984.583

Represented by Johan DeVroe

Ended

ADCOCHEM

Managing director · since 30 mars 2015 · until 30 mars 2021 · 0589.984.583

Represented by Johan DeVroe

Ended

DANNY VAN KERCKHOVE

Managing director · since 01 février 2006 · until 31 mai 2010

Ended

HERMAN VAN DAMME

Managing director · since 01 février 2006 · until 31 mai 2010

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office15/03/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates31/12/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/04/2013
ONTSLAGEN - BENOEMINGEN
PDF
Court decision07/07/2009
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
PDF
Mandates17/09/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/08/2008
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2022
Annual accounts 2022-573,2 k €↓
2021
Annual accounts 202113 k €↑
2020
Annual accounts 2020-390,7 k €↓
2019
Annual accounts 2019-24,6 k €↓
2018
Annual accounts 20183,4 k €↓
2017
Annual accounts 201712,3 k €↓
2016
Annual accounts 201644 k €↑
2015
Annual accounts 2015-57 k €↓
2014
Annual accounts 201469,9 k €↑
2013
Annual accounts 201359,1 k €↓
2012
Annual accounts 201276,1 k €↑
2011
Annual accounts 201131,3 k €↓
2010
Annual accounts 2010129,8 k €↑
2009
Annual accounts 2009-30,8 k €↑
2008
Annual accounts 2008-166,1 k €↓
2007
Annual accounts 200754,1 k €↓
2006
Annual accounts 2006137,8 k €
17/09/2004
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ADCOS

Overview

What does ADCOS do?

Trend over 17 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline