2AD ARCHITECTS
ActiveSummary
2AD ARCHITECTS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68k and a net result of €12k. Equity is shrinking by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 77% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+86
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.35 against 3.0 in 2024; short-term debt: 21.3% and cash: 53.8% of total assets), and 21.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.7%
Return on assets
14%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
23 d late
2024
1 d early
2023
31 d late
2022
6 d early
2021
4 d early
2020
109 d late
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€68k▲ 21.7%
2024 · €56k
2018: €162k
2019: €153k▼ -5.6% vs 2018
2020: €167k▲ +9.6% vs 2019highest in 8 years
2021: €162k▼ -3.4% vs 2020
2022: €86k▼ -46.6% vs 2021
2023: €71k▼ -17.6% vs 2022
2024: €56k▼ -21.9% vs 2023lowest in 8 years
2025: €68k▲ +21.7% vs 2024
2018 → 2025
Total assets
€86k▲ 20.3%
2024 · €72k
2018: €177k
2019: €184k▲ +3.9% vs 2018highest in 8 years
2020: €174k▼ -5.3% vs 2019
2021: €170k▼ -2.5% vs 2020
2022: €93k▼ -44.9% vs 2021
2023: €93k▼ -0.6% vs 2022
2024: €72k▼ -22.9% vs 2023lowest in 8 years
2025: €86k▲ +20.3% vs 2024
2018 → 2025
Net result
€12k
2024 · €-16k
2018: €17khighest in 8 years
2019: €10k▼ -43.0% vs 2018
2020: €15k▲ +48.0% vs 2019
2021: €9k▼ -36.9% vs 2020
2022: €13k▲ +37.0% vs 2021
2023: €-847▼ -107% vs 2022
2024: €-16k▼ -1739% vs 2023lowest in 8 years
2025: €12k▲ +178% vs 2024
2018 → 2025
Working capital
€43k▲ 35.6%
2024 · €32k
2018: €136k
2019: €135k▼ -0.9% vs 2018
2020: €158k▲ +17.2% vs 2019
2021: €161k▲ +1.5% vs 2020highest in 8 years
2022: €63k▼ -61.1% vs 2021
2023: €47k▼ -24.3% vs 2022
2024: €32k▼ -32.9% vs 2023lowest in 8 years
2025: €43k▲ +35.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€162k-€86k▼ 46.6%€71k▼ 17.6%€56k▼ 21.9%€68k▲ 21.7%
2021: €162khighest in 5 years
2022: €86k▼ -46.6% vs 2021
2023: €71k▼ -17.6% vs 2022
2024: €56k▼ -21.9% vs 2023lowest in 5 years
2025: €68k▲ +21.7% vs 2024
Operating result€13k-€18k▲ 34.1%€420▼ 97.7%€-15k€13k
2021: €13k
2022: €18k▲ +34.1% vs 2021highest in 5 years
2023: €420▼ -97.7% vs 2022
2024: €-15k▼ -3696% vs 2023lowest in 5 years
2025: €13k▲ +185% vs 2024
Net result€9k-€13k▲ 37.0%€-847€-16k▼ 1,739%€12k
2021: €9k
2022: €13k▲ +37.0% vs 2021highest in 5 years
2023: €-847▼ -107% vs 2022
2024: €-16k▼ -1739% vs 2023lowest in 5 years
2025: €12k▲ +178% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €15k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86k
Fixed assets
€25k ▲ 3.2%
Current assets
€61k ▲ 28.9%
Equity and liabilities €86k
Equity
€68k ▲ 21.7%
Debt
€18k ▲ 15.5%
Debt's share of the balance-sheet total falls from 22.2% to 21.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k
Cash flow
€12k
Current ratio
3.35▲
2024 · 3.00
Debt to equity
0.27▼
2024 · 0.29
ROE
17.8%▲
2024 · -28.0%
ROA
14.0%▲
2024 · -21.8%
Interest coverage
46.04
Debt ≤ 1 year
€18k▲
2024 · €16k
Income taxes
€508▲
2024 · €134
Staff costs
€0▼
2024 · €9
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€72k€86k▲
Fixed assets21/28€24k€25k▲
Tangible fixed assets22/27-€776
Furniture and vehicles24-€776
Financial fixed assets28€24k€24k=
Current assets29/58€48k€61k▲
Amounts receivable after more than one year29€11k€11k=
Other amounts receivable291€11k€11k=
Amounts receivable within one year40/41€13k€4k▼
Trade receivables40€10k€1k▼
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€23k€46k▲
Equity and liabilities
Total equity and liabilities10/49€72k€86k▲
Equity10/15€56k€68k▲
Contributions10/11€6k€6k=
Reserves13€66k€66k=
Distributable reserves133€66k€66k=
Profit (loss) carried forward14€-16k€-4k▲
Amounts payable17/49€16k€18k▲
Amounts payable within one year42/48€16k€18k▲
Trade debts44€452€291▼
Suppliers440/4€452€291▼
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€12k€12k▲
Income statement
Code20242025
Remuneration, social security and pensions62€9€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€84
Other operating charges640/8€899€1k▲
Gross operating margin9900€-14k€14k▲
Operating profit (loss)9901€-15k€13k▲
Financial income75/76B-€4
Recurring financial income75-€4
Financial charges65/66B€314€282▼
Recurring financial charges65€314€282▼
Profit (loss) for the period before taxes9903€-15k€13k▲
Income taxes67/77€134€508▲
Profit (loss) for the period9904€-16k€12k▲
Profit (loss) for the period to be appropriated9905€-16k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-4k▲
Profit (loss) brought forward from the previous period14P€-847€-16k▼
Transfer from equity791/2€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1k | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €78 | €9 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | - | - | - | €84 | - |
| Other operating charges640/8 | €740 | €797 | €1k | €899 | €1k | ▲ 13.7% |
| Gross operating margin9900 | €22k | €19k | €2k | €-14k | €14k | ▲ 198% |
| Operating profit (loss)9901 | €13k | €18k | €420 | €-15k | €13k | ▲ 185% |
| Financial income75/76B | €7 | €422 | - | - | €4 | - |
| Recurring financial income75 | €7 | €422 | - | - | €4 | - |
| Financial charges65/66B | €230 | €250 | €273 | €314 | €282 | ▼ 10.4% |
| Recurring financial charges65 | €230 | €250 | €273 | €314 | €282 | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | €13k | €18k | €147 | €-15k | €13k | ▲ 182% |
| Income taxes67/77 | €4k | €5k | €994 | €134 | €508 | ▲ 278% |
| Profit (loss) for the period9904 | €9k | €13k | €-847 | €-16k | €12k | ▲ 178% |
| Profit (loss) for the period to be appropriated9905 | €9k | €13k | €-847 | €-16k | €12k | ▲ 178% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €170k | €93k | €93k | €72k | €86k | ▲ 20.3% |
| Fixed assets21/28 | €933 | €24k | €24k | €24k | €25k | ▲ 3.2% |
| Tangible fixed assets22/27 | - | - | - | - | €776 | - |
| Furniture and vehicles24 | - | - | - | - | €776 | - |
| Financial fixed assets28 | €933 | €24k | €24k | €24k | €24k | = |
| Current assets29/58 | €169k | €69k | €69k | €48k | €61k | ▲ 28.9% |
| Amounts receivable after more than one year29 | €11k | €11k | €11k | €11k | €11k | = |
| Trade receivables290 | €11k | €11k | €0 | - | - | - |
| Other amounts receivable291 | - | - | €11k | €11k | €11k | = |
| Amounts receivable within one year40/41 | €12k | €23k | €6k | €13k | €4k | ▼ 68.4% |
| Trade receivables40 | €10k | €20k | €2k | €10k | €1k | ▼ 88.0% |
| Other amounts receivable41 | €1k | €3k | €4k | €4k | €3k | ▼ 14.4% |
| Cash at bank and in hand54/58 | €146k | €35k | €52k | €23k | €46k | ▲ 97.1% |
| Deferred charges and accrued income490/1 | €47 | €477 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €170k | €93k | €93k | €72k | €86k | ▲ 20.3% |
| Equity10/15 | €162k | €86k | €71k | €56k | €68k | ▲ 21.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €12k | - | - | - | - | - |
| Reserves13 | €155k | €80k | €66k | €66k | €66k | = |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Legal reserve130 | €2k | - | - | - | - | - |
| Distributable reserves133 | €154k | €80k | €66k | €66k | €66k | = |
| Profit (loss) carried forward14 | - | - | €-847 | €-16k | €-4k | ▲ 73.7% |
| Amounts payable17/49 | €8k | €7k | €22k | €16k | €18k | ▲ 15.5% |
| Amounts payable within one year42/48 | €8k | €7k | €22k | €16k | €18k | ▲ 15.5% |
| Trade debts44 | €6k | €5k | €5k | €452 | €291 | ▼ 35.6% |
| Suppliers440/4 | €6k | €5k | €5k | €452 | €291 | ▼ 35.6% |
| Taxes, remuneration and social security45 | €2k | €2k | €7k | €4k | €6k | ▲ 46.9% |
| Taxes450/3 | €2k | €2k | €5k | €4k | €6k | ▲ 46.9% |
| Remuneration and social security454/9 | - | - | €2k | €0 | - | - |
| Other amounts payable47/48 | €635 | - | €9k | €12k | €12k | ▲ 7.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €13k | €-847 | €-16k | €12k | ▲ 178% |
| + Depreciation and write-downs630 | €8k | - | - | - | €84 | - |
| Operating cash flow (approximation) | €17k | €13k | €-847 | €-16k | €12k | ▲ 178% |
| Investment in fixed assets (approximation) | - | €-23k | €0 | €0 | €-859 | - |
| Change in cash | - | €-111k | €17k | €-29k | €23k | ▲ 180% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
2025
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 109 days late
2020
31-12
Financial
Liquidity times 5current ratio 25.06
Current ratio from 5.38 to 25.06; short-term debt falls from €31k to €7k.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 1998
Ground area
623 m²
Building footprint
89 m²
Volume, LiDAR
886 m³
Parcel 21384D0280/00K034, Brussels · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
de Haveskerckelaan 22, 1190 Vorst
since 19982.263.090.271
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0280/00K034 | Brussels | 623 m² | 1 · 89 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,323. 5,456 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-11-1998
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.