A.D.F
ActiveA.D.F has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58k and a net result of €8k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 31% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+40
Solvency46▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.08 in 2024; short-term debt: 79.4% and cash: 40.4% of total assets), and 79.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
20.6%
Return on assets
3%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
11 d late
2023
34 d early
2022
7 d late
2021
32 d early
2020
19 d late
2019
53 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8k
2024 · €-16k
2018: €27k
2019: €18k
2020: €31k
2021: €25k
2022: €-26k
2023: €15k
2024: €-16k
2018 → 2025
Working capital
€34k▲ 92.4%
2024 · €18k
2018: €-70k
2019: €-56k
2020: €-37k
2021: €-5k
2022: €-4k
2023: €39k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€76k-€50k▼ 34.2%€66k▲ 30.5%€49k▼ 24.9%€58k▲ 17.3%
Operating result€43k-€-20k€19k€-12k€12k
Net result€25k-€-26k€15k€-16k€8k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12k after a loss of €12k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €280k
Fixed assets
€23k▼ 25.4%
Current assets
€256k▲ 11.1%
Equity and liabilities €280k
Equity
€58k▲ 17.3%
Debt
€222k▲ 4.3%
The debt ratio falls from 81.2% to 79.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▲
2024 · €9k
Cash flow
€14k▲
2024 · €6k
Solvency
20.6%▲
2024 · 18.8%
Current ratio
1.15▲
2024 · 1.08
Quick ratio
0.57▲
2024 · 0.52
Debt / equity
3.84▼
2024 · 4.32
ROE
14.7%▲
2024 · -33.1%
ROA
3.0%▲
2024 · -6.2%
Interest coverage
12.53▲
2024 · 2.62
Debt
€222k▲
2024 · €213k
Debt ≤ 1 year
€222k▲
2024 · €213k
Income taxes
€3k▲
2024 · €967
Staff costs
€226k▲
2024 · €210k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€262k€280k▲
Fixed assets21/28€31k€23k▼
Tangible fixed assets22/27€29k€21k▼
Plant, machinery and equipment23€14k€10k▼
Furniture and vehicles24€12k€9k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€2k€3k▲
Current assets29/58€231k€256k▲
Stocks and contracts in progress3€120k€129k▲
Stocks30/36€120k€129k▲
Amounts receivable within one year40/41€4k€12k▲
Trade receivables40€36€218▲
Other amounts receivable41€4k€12k▲
Cash at bank and in hand54/58€103k€113k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€262k€280k▲
Equity10/15€49k€58k▲
Contributions10/11€42k€42k=
Outside capital11€42k€42k=
Other1109/19€42k€42k=
Reserves13€8k€8k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-1k€7k▲
Amounts payable17/49€213k€222k▲
Amounts payable within one year42/48€213k€222k▲
Trade debts44€175k€175k=
Suppliers440/4€175k€175k=
Taxes, remuneration and social security45€24k€35k▲
Taxes450/3€648€1k▲
Remuneration and social security454/9€23k€34k▲
Other amounts payable47/48€14k€12k▼
Income statement
Code20242025
Remuneration, social security and pensions62€210k€226k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€6k▼
Other operating charges640/8€9k€15k▲
Gross operating margin9900€228k€259k▲
Operating profit (loss)9901€-12k€12k▲
Financial income75/76B€676€853▲
Recurring financial income75€676€853▲
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€-15k€12k▲
Income taxes67/77€967€3k▲
Profit (loss) for the period9904€-16k€8k▲
Profit (loss) for the period to be appropriated9905€-16k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€7k▲
Profit (loss) brought forward from the previous period14P€15k€-1k▼
Social balance
Average headcount (FTE)90879.79.3▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 11 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 7 days late
2022
31-12
Financial
Weakest financial yearnet €-26k ▼205%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
31-12
Financial
Highest result since 2018net €31k ▲72.9%
Operating result €51k, net result €31k, both a record.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-02-2024
Jacques SISCOT: Resigned as Managing director
23-11-2017
KIU: Resigned as Manager
23-11-2017
Q-CONSULTING: Resigned as Manager
Location & real-estate footprint
Registered office, Anhée · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Communale 255537 AnhéeGround area
1,222 m²
Building footprint
464 m²
Volume, LiDAR
2,780 m³
Parcel 91005A0279/00Y011, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Place Communale 25, 5537 Anhée
since 20142.238.010.130
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91005A0279/00Y011 | Wallonia | 1,222 m² | 1 · 464 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnhée2.238.010.130
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Of 10,530 companies in sector 47110 we hold annual accounts for 5,858. 4,660 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-11-2014
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47113Retail trade
68121Development of residential building projects
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.