AADV
ActiveSummary
AADV has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76,853 and a net result of -€46,128. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 38% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-7
Solvency71▼-29
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.82 against 4.45 in 2024; short-term debt: 53.8% and cash: 88.7% of total assets), but 53.8% of the assets are financed with debt.
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Signals
Six 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.2%
Return on assets
-27.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€46,128
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 22-07-2026, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
9 d early
2024
22 d early
2023
31 d early
2022
29 d early
2021
37 d early
2020
23 d late
2019
66 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 6 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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
€76,853▼ 37.5%
2024 · €122,982
Total assets
€166,448▲ 5.9%
2024 · €157,227
Net result
-€46,128▼ 176%
2024 · -€16,724
Working capital
€73,351▼ 38.0%
2024 · €118,269
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€91,378▲ 455%€6,398▼ 93.0%€38,570▲ 503%€35,331▼ 8.4%€38,914▲ 10.1%
Net result€65,889▲ 494%€3,609▼ 94.5%€27,769▲ 669%-€16,724-€46,128▼ 176%
Equity€108,327▲ 155%€111,936▲ 3.3%€139,705▲ 24.8%€122,982▼ 12.0%€76,853▼ 37.5%
Total assets€179,763▲ 106%€166,775▼ 7.2%€149,612▼ 10.3%€157,227▲ 5.1%€166,448▲ 5.9%
Debt€71,436▲ 59.9%€54,839▼ 23.2%€9,907▼ 81.9%€34,246▲ 246%€89,595▲ 162%
Working capital€167,743▲ 181%€152,583▼ 9.0%€139,705▼ 8.4%€118,269▼ 15.3%€73,351▼ 38.0%
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 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €166,448
Fixed assets
€3,503 ▼ 25.7%
Current assets
€162,945 ▲ 6.8%
Equity and liabilities €166,448
Equity
€76,853 ▼ 37.5%
Debt
€89,595 ▲ 162%
Debt's share of the balance-sheet total rises from 21.8% to 53.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€40,124▲
2024 · €36,031
Cash flow
-€44,918▼
2024 · -€16,024
Current ratio
1.82▼
2024 · 4.45
Debt to equity
1.17▲
2024 · 0.28
ROE
-60.0%▼
2024 · -13.6%
ROA
-27.7%▼
2024 · -10.6%
Interest coverage
0.47▼
2024 · 0.67
Debt ≤ 1 year
€89,595▲
2024 · €34,246
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.3%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 3,595 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 | €199 | €199 | €76 | €700 | €1,210 | ▲ 72.9% |
| Other operating charges640/8 | €348 | €388 | €745 | €695 | €873 | ▲ 25.6% |
| Gross operating margin9900 | €91,924 | €6,985 | €39,391 | €36,726 | €40,997 | ▲ 11.6% |
| Operating profit (loss)9901 | €91,378 | €6,398 | €38,570 | €35,331 | €38,914 | ▲ 10.1% |
| Financial income75/76B | €1 | - | €655 | €1,943 | €1,081 | ▼ 44.4% |
| Recurring financial income75 | €1 | - | €655 | €1,943 | €1,081 | ▼ 44.4% |
| Financial charges65/66B | €68 | €244 | €131 | €53,998 | €86,123 | ▲ 59.5% |
| Recurring financial charges65 | €68 | €244 | €131 | €53,998 | €86,123 | ▲ 59.5% |
| Profit (loss) for the period before taxes9903 | €91,310 | €6,154 | €39,094 | -€16,724 | -€46,128 | ▼ 176% |
| Income taxes67/77 | €25,421 | €2,545 | €11,325 | €0 | - | - |
| Profit (loss) for the period9904 | €65,889 | €3,609 | €27,769 | -€16,724 | -€46,128 | ▼ 176% |
| Profit (loss) for the period to be appropriated9905 | €65,889 | €3,609 | €27,769 | -€16,724 | -€46,128 | ▼ 176% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €179,763 | €166,775 | €149,612 | €157,227 | €166,448 | ▲ 5.9% |
| Fixed assets21/28 | €274 | €76 | €0 | €4,713 | €3,503 | ▼ 25.7% |
| Tangible fixed assets22/27 | €274 | €76 | €0 | €4,713 | €3,503 | ▼ 25.7% |
| Furniture and vehicles24 | €274 | €76 | €0 | €2,254 | €1,299 | ▼ 42.4% |
| Other tangible fixed assets26 | - | - | - | €2,459 | €2,204 | ▼ 10.4% |
| Current assets29/58 | €179,489 | €166,699 | €149,612 | €152,515 | €162,945 | ▲ 6.8% |
| Amounts receivable within one year40/41 | €57,068 | €64,238 | €3,763 | €34,944 | €15,358 | ▼ 56.1% |
| Trade receivables40 | €52,437 | €26,774 | €88 | €14,520 | €15,034 | ▲ 3.5% |
| Other amounts receivable41 | €4,631 | €37,464 | €3,675 | €20,424 | €324 | ▼ 98.4% |
| Current investments50/53 | - | - | €50,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €122,421 | €102,462 | €81,898 | €117,570 | €147,587 | ▲ 25.5% |
| Deferred charges and accrued income490/1 | - | - | €13,951 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €179,763 | €166,775 | €149,612 | €157,227 | €166,448 | ▲ 5.9% |
| Equity10/15 | €108,327 | €111,936 | €139,705 | €122,982 | €76,853 | ▼ 37.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €91,860 | €95,360 | €123,060 | €123,060 | €123,060 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €90,000 | €93,500 | €123,060 | €123,060 | €123,060 | = |
| Profit (loss) carried forward14 | €10,267 | €10,376 | €10,445 | -€6,278 | -€52,407 | ▼ 735% |
| Amounts payable17/49 | €71,436 | €54,839 | €9,907 | €34,246 | €89,595 | ▲ 162% |
| Amounts payable within one year42/48 | €11,746 | €14,116 | €9,907 | €34,246 | €89,595 | ▲ 162% |
| Trade debts44 | €588 | €5,996 | €1,880 | €2,170 | €2,853 | ▲ 31.5% |
| Suppliers440/4 | €588 | €5,996 | €1,880 | €2,170 | €2,853 | ▲ 31.5% |
| Taxes, remuneration and social security45 | €10,121 | €8,121 | €6,077 | €6,286 | €7,880 | ▲ 25.4% |
| Taxes450/3 | €10,121 | €8,121 | €2,541 | €2,784 | €4,887 | ▲ 75.5% |
| Remuneration and social security454/9 | - | - | €3,536 | €3,502 | €2,993 | ▼ 14.5% |
| Other amounts payable47/48 | €1,037 | - | €1,950 | €25,789 | €78,861 | ▲ 206% |
| Accrued charges and deferred income492/3 | €59,690 | €40,722 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,889 | €3,609 | €27,769 | -€16,724 | -€46,128 | ▼ 176% |
| + Depreciation and write-downs630 | €199 | €199 | €76 | €700 | €1,210 | ▲ 72.9% |
| Operating cash flow (approximation) | €66,088 | €3,808 | €27,845 | -€16,024 | -€44,918 | ▼ 180% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€5,412 | €0 | ▲ 100% |
| Change in cash | - | -€19,959 | -€20,564 | €35,673 | €30,017 | ▼ 15.9% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€46,128
Net result drops to -€46,128, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €65,889 ▲494%
Operating result €91,378, net result €65,889, both a record.
31-12
Financial
Liquidity times 5current ratio 15.28
Current ratio from 3.22 to 15.28; short-term debt falls from €26,921 to €11,746.
31-12
Financial
Equity above €100,000Eq €108,327 ▲155%
3 profitable years in a row build equity to €108,327.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 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, Wavre · 1 establishment unit since 2018
Ground area
155 m²
Building footprint
54 m²
Volume, LiDAR
557 m³
Parcel 25112M1136/00V000, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Joseph Wauters 40, 1300 Wavre
since 20182.281.772.174
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112M1136/00V000 | Wallonia | 155 m² | 1 · 54 m² | 11.7 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900XCZFIS7ZYCIR14
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,577 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
Founded12-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713452519
Registered
19-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.