A&D
ActiveSummary
A&D has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €3k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 92% of 4659 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+5
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 6.35 against 4.35 in 2024; short-term debt: 15.3% and cash: 15.3% of total assets), and 15.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
84.7%
Return on assets
12%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €20k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
28 d late
2023
36 d early
2022
31 d late
2021
9 d late
2020
25 d late
2019
30 d early
← 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
€20k▲ 15.7%
2024 · €17k
2018: €20k
2019: €21k▲ +5.8% vs 2018
2020: €22k▲ +4.5% vs 2019highest in 8 years
2021: €13k▼ -42.4% vs 2020lowest in 8 years
2022: €14k▲ +7.5% vs 2021
2023: €15k▲ +13.4% vs 2022
2024: €17k▲ +11.2% vs 2023
2025: €20k▲ +15.7% vs 2024
2018 → 2025
Total assets
€23k▲ 6.1%
2024 · €22k
2018: €24khighest in 8 years
2019: €21k▼ -12.4% vs 2018
2020: €24k▲ +12.4% vs 2019
2021: €15k▼ -37.1% vs 2020lowest in 8 years
2022: €16k▲ +8.1% vs 2021
2023: €18k▲ +12.3% vs 2022
2024: €22k▲ +20.1% vs 2023
2025: €23k▲ +6.1% vs 2024
2018 → 2025
Net result
€3k▲ 62.8%
2024 · €2k
2018: €1k
2019: €1k▲ +1.8% vs 2018
2020: €944▼ -18.6% vs 2019
2021: €-9k▼ -1090% vs 2020lowest in 8 years
2022: €950▲ +110% vs 2021
2023: €2k▲ +92.1% vs 2022
2024: €2k▼ -5.3% vs 2023
2025: €3k▲ +62.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€19k▲ 18.2%
2024 · €16k
2018: €15k
2019: €16k▲ +8.1% vs 2018
2020: €18k▲ +12.5% vs 2019
2021: €11k▼ -42.2% vs 2020lowest in 8 years
2022: €12k▲ +13.0% vs 2021
2023: €14k▲ +18.0% vs 2022
2024: €16k▲ +15.1% vs 2023
2025: €19k▲ +18.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€14k▲ 7.5%€15k▲ 13.4%€17k▲ 11.2%€20k▲ 15.7%
2021: €13klowest in 5 years
2022: €14k▲ +7.5% vs 2021
2023: €15k▲ +13.4% vs 2022
2024: €17k▲ +11.2% vs 2023
2025: €20k▲ +15.7% vs 2024highest in 5 years
Operating result€-9k-€950€3k▲ 186%€2k▼ 11.9%€4k▲ 52.6%
2021: €-9klowest in 5 years
2022: €950▲ +110% vs 2021
2023: €3k▲ +186% vs 2022
2024: €2k▼ -11.9% vs 2023
2025: €4k▲ +52.6% vs 2024highest in 5 years
Net result€-9k-€950€2k▲ 92.1%€2k▼ 5.3%€3k▲ 62.8%
2021: €-9klowest in 5 years
2022: €950▲ +110% vs 2021
2023: €2k▲ +92.1% vs 2022
2024: €2k▼ -5.3% vs 2023
2025: €3k▲ +62.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 53% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23k
Fixed assets
€609 ▼ 35.8%
Current assets
€23k ▲ 8.0%
Equity and liabilities €23k
Equity
€20k ▲ 15.7%
Debt
€4k ▼ 27.1%
Debt's share of the balance-sheet total falls from 22.3% to 15.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▲
2024 · €3k
Cash flow
€3k▲
2024 · €2k
Current ratio
6.35▲
2024 · 4.35
Debt to equity
0.18▼
2024 · 0.29
ROE
14.2%▲
2024 · 10.1%
ROA
12.0%▲
2024 · 7.8%
Interest coverage
5254.79▲
2024 · 14.82
Debt ≤ 1 year
€4k▼
2024 · €5k
Income taxes
€840▲
2024 · €482
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 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€22k€23k▲
Fixed assets21/28€947€609▼
Tangible fixed assets22/27€947€609▼
Other tangible fixed assets26€947€609▼
Current assets29/58€21k€23k▲
Amounts receivable within one year40/41€17k€18k▲
Trade receivables40€2k€565▼
Other amounts receivable41€16k€18k▲
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€1k€931▼
Equity and liabilities
Total equity and liabilities10/49€22k€23k▲
Equity10/15€17k€20k▲
Contributions10/11€19k€19k=
Reserves13€254€254=
Non-distributable reserves130/1€254€254=
Reserves not available under the articles1311€254€254=
Profit (loss) carried forward14€-2k€1k▲
Amounts payable17/49€5k€4k▼
Amounts payable within one year42/48€5k€4k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Accrued charges and deferred income492/3€73-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€339€339=
Other operating charges640/8€118€120▲
Gross operating margin9900€3k€4k▲
Operating profit (loss)9901€2k€4k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€184€1▼
Recurring financial charges65€184€1▼
Profit (loss) for the period before taxes9903€2k€4k▲
Income taxes67/77€482€840▲
Profit (loss) for the period9904€2k€3k▲
Profit (loss) for the period to be appropriated9905€2k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€1k▲
Profit (loss) brought forward from the previous period14P€-3k€-2k▲
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €939 | €339 | €339 | €339 | = |
| Other operating charges640/8 | €101 | €102 | €109 | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | €-8k | €2k | €3k | €3k | €4k | ▲ 44.2% |
| Operating profit (loss)9901 | €-9k | €950 | €3k | €2k | €4k | ▲ 52.6% |
| Financial income75/76B | - | €0 | - | - | €0 | - |
| Recurring financial income75 | - | €0 | - | - | €0 | - |
| Financial charges65/66B | €77 | - | €53 | €184 | €1 | ▼ 99.6% |
| Recurring financial charges65 | €77 | - | €53 | €184 | €1 | ▼ 99.6% |
| Profit (loss) for the period before taxes9903 | €-9k | €950 | €3k | €2k | €4k | ▲ 65.3% |
| Income taxes67/77 | - | - | €840 | €482 | €840 | ▲ 74.2% |
| Profit (loss) for the period9904 | €-9k | €950 | €2k | €2k | €3k | ▲ 62.8% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €950 | €2k | €2k | €3k | ▲ 62.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15k | €16k | €18k | €22k | €23k | ▲ 6.1% |
| Fixed assets21/28 | €3k | €2k | €1k | €947 | €609 | ▼ 35.8% |
| Tangible fixed assets22/27 | €3k | €2k | €1k | €947 | €609 | ▼ 35.8% |
| Plant, machinery and equipment23 | €600 | - | - | - | - | - |
| Other tangible fixed assets26 | €2k | €2k | €1k | €947 | €609 | ▼ 35.8% |
| Current assets29/58 | €13k | €15k | €17k | €21k | €23k | ▲ 8.0% |
| Amounts receivable within one year40/41 | €5k | €14k | €16k | €17k | €18k | ▲ 6.4% |
| Trade receivables40 | €2k | €310 | €2k | €2k | €565 | ▼ 64.3% |
| Other amounts receivable41 | €4k | €14k | €14k | €16k | €18k | ▲ 13.6% |
| Cash at bank and in hand54/58 | €7k | €91 | €313 | €3k | €4k | ▲ 26.1% |
| Deferred charges and accrued income490/1 | €394 | €619 | €1k | €1k | €931 | ▼ 14.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15k | €16k | €18k | €22k | €23k | ▲ 6.1% |
| Equity10/15 | €13k | €14k | €15k | €17k | €20k | ▲ 15.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €254 | €254 | €254 | €254 | €254 | = |
| Non-distributable reserves130/1 | €254 | €254 | €254 | €254 | €254 | = |
| Reserves not available under the articles1311 | €254 | €254 | €254 | €254 | €254 | = |
| Profit (loss) carried forward14 | €-6k | €-5k | €-3k | €-2k | €1k | ▲ 161% |
| Amounts payable17/49 | €2k | €3k | €3k | €5k | €4k | ▼ 27.1% |
| Amounts payable within one year42/48 | €2k | €3k | €3k | €5k | €4k | ▼ 26.0% |
| Trade debts44 | €602 | €1k | €607 | €3k | €2k | ▼ 46.9% |
| Suppliers440/4 | €602 | €1k | €607 | €3k | €2k | ▼ 46.9% |
| Taxes, remuneration and social security45 | €1k | €1k | €2k | €2k | €2k | ▲ 3.3% |
| Taxes450/3 | €1k | €1k | €2k | €2k | €2k | ▲ 3.3% |
| Accrued charges and deferred income492/3 | €505 | - | - | €73 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €950 | €2k | €2k | €3k | ▲ 62.8% |
| + Depreciation and write-downs630 | €1k | €939 | €339 | €339 | €339 | = |
| Operating cash flow (approximation) | €-8k | €2k | €2k | €2k | €3k | ▲ 52.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-7k | €222 | €3k | €745 | ▼ 70.7% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €3k ▲62.8%
Operating result €4k, net result €3k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €950
Net result €950 after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 8current ratio 45.69
Current ratio from 5.57 to 45.69; short-term debt falls from €3k to €365.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 2012
Ground area
57 m²
Building footprint
39 m²
Volume, LiDAR
542 m³
Parcel 11811L3687/00W000, Flanders · tallest building 15.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
A & D
since 20122.206.048.333
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3687/00W000 | Flanders | 57 m² | 1 · 39 m² | 15.2 m · 5 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 21,742 companies in sector 96210 we hold annual accounts for 2,831. 2,373 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
Founded12-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
Scores and ratios are computed by Checked and are not a credit decision.