A&D
ActiveSummary
A&D has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,907 and a net result of €19,678. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 53% of 1319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency74▲+48
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.93 against 0.9 in 2024; short-term debt: 51.3% and cash: 0.5% of total assets), but 51.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
48.7%
Return on assets
48.1%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
25 d late
2023
30 d late
2022
9 d late
2021
31 d late
2020
2 d late
2019
360 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 70 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,907▲ 8,599%
2024 · €229
Total assets
€40,916▲ 108%
2024 · €19,658
Net result
€19,678
2024 · -€39,429
Working capital
€19,564
2024 · -€1,862
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€443€8,382▲ 1,793%€35,659▲ 325%-€37,019€19,902
Net result€534€6,988▲ 1,208%€29,046▲ 316%-€39,429€19,678
Equity€3,624▲ 17.3%€10,612▲ 193%€39,658▲ 274%€229▼ 99.4%€19,907▲ 8,599%
Total assets€65,461▲ 521%€166,795▲ 155%€94,310▼ 43.5%€19,658▼ 79.2%€40,916▲ 108%
Debt€61,837▲ 731%€156,183▲ 153%€54,652▼ 65.0%€19,429▼ 64.4%€21,009▲ 8.1%
Working capital-€3,679▼ 2.0%€4,601€35,607▲ 674%-€1,862€19,564
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +155% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19,902 after a loss of €37,019 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40,916
Fixed assets
€344 ▼ 83.6%
Current assets
€40,573 ▲ 131%
Equity and liabilities €40,916
Equity
€19,907 ▲ 8,599%
Debt
€21,009 ▲ 8.1%
Debt's share of the balance-sheet total falls from 98.8% to 51.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21,650▲
2024 · -€35,059
Cash flow
€21,426▲
2024 · -€37,469
Current ratio
1.93▲
2024 · 0.90
Quick ratio
1.85▲
2024 · 0.73
Debt to equity
1.06
ROE
98.9%
ROA
48.1%▲
2024 · -200.6%
Interest coverage
45.77▲
2024 · -121.44
Debt ≤ 1 year
€21,009▲
2024 · €19,429
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,396 | €1,952 | €1,960 | €1,960 | €1,748 | ▼ 10.8% |
| Other operating charges640/8 | - | - | €719 | €154 | - | - |
| Gross operating margin9900 | €1,839 | €10,335 | €38,338 | -€34,905 | €21,650 | ▲ 162% |
| Operating profit (loss)9901 | €443 | €8,382 | €35,659 | -€37,019 | €19,902 | ▲ 154% |
| Financial income75/76B | €207 | €40 | €2,811 | €97 | €249 | ▲ 158% |
| Recurring financial income75 | €207 | €40 | €2,811 | €97 | €249 | ▲ 158% |
| Financial charges65/66B | €116 | €592 | €553 | €289 | €473 | ▲ 63.9% |
| Recurring financial charges65 | €116 | €592 | €553 | €289 | €473 | ▲ 63.9% |
| Profit (loss) for the period before taxes9903 | €534 | €7,830 | €37,918 | -€37,211 | €19,678 | ▲ 153% |
| Income taxes67/77 | - | €842 | €8,872 | €2,218 | - | - |
| Profit (loss) for the period9904 | €534 | €6,988 | €29,046 | -€39,429 | €19,678 | ▲ 150% |
| Profit (loss) for the period to be appropriated9905 | €534 | €6,988 | €29,046 | -€39,429 | €19,678 | ▲ 150% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65,461 | €166,795 | €94,310 | €19,658 | €40,916 | ▲ 108% |
| Fixed assets21/28 | €7,303 | €6,012 | €4,052 | €2,091 | €344 | ▼ 83.6% |
| Tangible fixed assets22/27 | €7,303 | €6,012 | €4,052 | €2,091 | €344 | ▼ 83.6% |
| Plant, machinery and equipment23 | €7,303 | €6,012 | €4,052 | €2,091 | €344 | ▼ 83.6% |
| Current assets29/58 | €58,158 | €160,783 | €90,258 | €17,567 | €40,573 | ▲ 131% |
| Stocks and contracts in progress3 | €16,105 | €15,055 | €14,202 | €3,358 | €1,696 | ▼ 49.5% |
| Stocks30/36 | €16,105 | €15,055 | €14,202 | €3,358 | €1,696 | ▼ 49.5% |
| Amounts receivable within one year40/41 | €22,955 | €115,855 | €53,589 | €7,092 | €38,668 | ▲ 445% |
| Trade receivables40 | €22,955 | €115,855 | €49,049 | €243 | €33,747 | ▲ 13,792% |
| Other amounts receivable41 | - | - | €4,540 | €6,849 | €4,921 | ▼ 28.2% |
| Cash at bank and in hand54/58 | €19,097 | €29,874 | €22,467 | €6,667 | €209 | ▼ 96.9% |
| Deferred charges and accrued income490/1 | - | - | - | €449 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65,461 | €166,795 | €94,310 | €19,658 | €40,916 | ▲ 108% |
| Equity10/15 | €3,624 | €10,612 | €39,658 | €229 | €19,907 | ▲ 8,599% |
| Contributions10/11 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Profit (loss) carried forward14 | -€31,376 | -€24,388 | €4,658 | -€34,771 | -€15,093 | ▲ 56.6% |
| Amounts payable17/49 | €61,837 | €156,183 | €54,652 | €19,429 | €21,009 | ▲ 8.1% |
| Amounts payable within one year42/48 | €61,837 | €156,183 | €54,652 | €19,429 | €21,009 | ▲ 8.1% |
| Financial debts43 | - | - | - | €67 | - | - |
| Credit institutions430/8 | - | - | - | €67 | - | - |
| Trade debts44 | €25,877 | €143,874 | €45,780 | €8,272 | €18,873 | ▲ 128% |
| Suppliers440/4 | €25,877 | €143,874 | €45,780 | €8,272 | €18,873 | ▲ 128% |
| Taxes, remuneration and social security45 | €554 | €8,140 | €8,872 | €11,090 | €2,136 | ▼ 80.7% |
| Taxes450/3 | €554 | €8,140 | €8,872 | €11,090 | €2,136 | ▼ 80.7% |
| Other amounts payable47/48 | €35,406 | €4,169 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €534 | €6,988 | €29,046 | -€39,429 | €19,678 | ▲ 150% |
| + Depreciation and write-downs630 | €1,396 | €1,952 | €1,960 | €1,960 | €1,748 | ▼ 10.8% |
| Operating cash flow (approximation) | €1,930 | €8,941 | €31,006 | -€37,469 | €21,426 | ▲ 157% |
| Investment in fixed assets (approximation) | - | -€661 | €0 | €0 | €0 | - |
| Change in cash | - | €10,777 | -€7,406 | -€15,800 | -€6,458 | ▲ 59.1% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €19,678
Net result €19,678 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.93
Current ratio from 0.90 to 1.93.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet -€39,429
Net result drops to -€39,429, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2020net €29,046 ▲316%
Operating result €35,659, net result €29,046, both a record.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €534
Net result €534 after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
26-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 360 days late
Show earlier events
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 726 days late
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1091 days late
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1456 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Dilbeek · 1 establishment unit since 2013
Ground area
1,664 m²
Building footprint
94 m²
Volume, LiDAR
627 m³
Parcel 23037B0173/00D000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
A&D
since 20132.216.823.944
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23037B0173/00D000 | Flanders | 1,664 m² | 1 · 94 m² | 7.5 m · 2 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 649 companies in sector 33140 we hold annual accounts for 203. 153 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
Founded18-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
33140Repair and maintenance of electrical equipment
33200Installation of industrial machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0504988433
Registered
24-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.