Turnover
≈ €46,000 estimated
The accounts state no turnover.
AD+
Lifetime
16 annual accounts with figures on one time axispeak €25,200 (2010)
€10,303▼ 18.7%
lowest -€13,355 (2014)
€759▼ 81.0%
peak €26,137 (2013)
€7,773▲ 10.8%
€17,783▼ 32.6%
Board1 name since 2009
1 directorMAHAUX Fabian
Documentsfilings and deeds
20-09-202651 days late
2025micro format
Gross margin from €12,674 to €10,303Result from €3,991 to €759Debts from €26,403 to €17,783Cash from €10,214 to €5,457
Key points
from the 2025 annual accountsFilings
16 annual accounts since 2010
Eight of the last ten came late. The 2019 accounts came latest: 81 days after the end of the period.
Position in the sector
€7,773
Less equity than 84% of companies in architecture and engineering. Sector median €63,879 · 11,799 companies.
Checked score
88
Excellent
Financially stronger than 43% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.2%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%▼ -0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.3%▲ +0.1 percentage points vs 08-2025
10-2025: 0.1%▼ -0.2 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.2%▼ -0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 51 days late; 2 of the last 3 accounts late
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Size: total assets €25,556
Liquidity: current ratio 2.23, cash €5,457
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 30% of them on solvency, 47% on liquidity, 36% on profitability and 58% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as AD+ has now. Each dot stands for 28 companies, two years later.
95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AD+ itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for AD+. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.23 (1.98 in 2024), above the usual 1.5. Short-term debt is 36.6% and cash 21.4% of total assets. However, 69.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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 €7,773
raises risk · 2025 accounts filed 51 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-09-2026, 51 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
51 days late
2024
44 days late
2023
2 days early
2022
28 days late
2021
31 days late
2020
29 days late
2019
81 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0817493333
Change of role: MAHAUX Fabian, from manager to director
General meeting of 15-11-2023 · Gazette deed
Registered-office move
General meeting of 29-08-2022 · Gazette deed
First establishment
AD +, Rue Edouard Baillon 33, Fleurus
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AD+ Jemeppe-sur-Sambre | €25,556 | €10,303 | 30.4% | - |
| Tetraëder Sint-Lievens-Houtem | €25,121 | €9,163 | 43.4% | - |
| PLATEUS CONSULT Saint-Georges-sur-Meuse | €28,404 | €11,919 | 81.9% | - |
| PERSPECTIV Mortsel | €27,119 | €8,547 | 84.5% | - |
| SCRIBO Heusden-Zolder | €26,934 | €10,654 | 4.1% | - |
| DENTECH & CO Seneffe | €26,157 | €13,918 | 85.7% | - |
| BerPhico Jemeppe-sur-Sambre | €20,278 | €10,097 | 68.7% | - |
These companies have the same main activity as AD+: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €20,300 and €28,400, founded between 2005 and 2015.
Official details
Source: KBO- Status
- Active since 31-07-2009Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 1 other
- Establishment unit
- 2.179.856.5516224 Fleurus, since 01-08-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 10-08-2026
Insights on AD+
AD+ files the micro format. That format states no turnover. The gross margin fell from €25,200 in 2010 to €10,303 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AD+
- What is the company number of AD+?
- The company number of AD+ is 0817.493.333. The VAT number is the same number with BE in front: BE 0817.493.333.
- Where is AD+ based?
- The registered office is at Rue des Trois-Maisons,St-Martin 29, 5190 Jemeppe-sur-Sambre.Company details
- What does AD+ do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of AD+?
- AD+ is a private limited company (BV).
- When was AD+ founded?
- AD+ was founded on 31-07-2009.
- Is AD+ still active?
- Yes, AD+ is an active enterprise in the KBO register.
- What is the turnover of AD+?
- The turnover in financial year 2025 is ≈ €46,000. This figure is estimated from the gross margin of €10,303 and 30 comparable companies (NACE 71121). It probably lies between €32,000 and €87,000. It is a rough estimate.Financials
- Is AD+ profitable?
- In financial year 2025, AD+ made a profit of €759.
- Where can I find the annual accounts of AD+?
- AD+ filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AD+ due?
- AD+ must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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