AD'2
ActiveAD'2 has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €325k and a net result of €53k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 26056 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
100
/ 100
Excellent▲ +17 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▲+55
Solvency95▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 2.59 in 2023), and 50% of the assets are financed with debt.
Credit advice for your own amount and term
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
43 d early
2022
29 d late
2021
58 d early
2020
40 d early
2019
23 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€325k▲ 3.4%
2023 · €314k
2018: €181k
2019: €223k
2020: €279k
2021: €339k
2022: €424k
2023: €314k
2018 → 2024
Total assets
€650k▲ 5.6%
2023 · €615k
2018: €442k
2019: €489k
2020: €567k
2021: €638k
2022: €694k
2023: €615k
2018 → 2024
Net result
€53k▲ 218%
2023 · €17k
2018: €57k
2019: €42k
2020: €56k
2021: €60k
2022: €85k
2023: €17k
2018 → 2024
Working capital
€204k▼ 1.9%
2023 · €208k
2018: €120k
2019: €146k
2020: €172k
2021: €237k
2022: €325k
2023: €208k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€279k-€339k▲ 21.6%€424k▲ 25.1%€314k▼ 25.9%€325k▲ 3.4%
Operating result€68k-€85k▲ 24.4%€119k▲ 41.3%€25k▼ 79.1%€76k▲ 203%
Net result€56k-€60k▲ 8.1%€85k▲ 41.2%€17k▼ 80.4%€53k▲ 218%
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 2024; 2024 is 203% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €650k
Fixed assets
€316k▲ 14.2%
Current assets
€334k▼ 1.4%
Equity and liabilities €650k
Equity
€325k▲ 3.4%
Debt
€325k▲ 7.9%
The debt ratio rises from 48.9% to 50.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€112k▲
2023 · €51k
Cash flow
€89k▲
2023 · €43k
Solvency
50.0%▼
2023 · 51.1%
Current ratio
2.57▼
2023 · 2.59
Quick ratio
2.57▼
2023 · 2.59
Debt / equity
1.00▲
2023 · 0.96
ROE
16.3%▲
2023 · 5.3%
ROA
8.1%▲
2023 · 2.7%
Interest coverage
19.06▲
2023 · 10.05
Debt
€325k▲
2023 · €301k
Debt ≤ 1 year
€130k▼
2023 · €131k
Debt > 1 year
€193k▲
2023 · €168k
Income taxes
€24k▲
2023 · €10k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€615k€650k▲
Fixed assets21/28€277k€316k▲
Tangible fixed assets22/27€277k€316k▲
Land and buildings22€267k€247k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€6k€67k▲
Financial fixed assets28€250€250=
Current assets29/58€338k€334k▼
Amounts receivable after more than one year29€213k€213k=
Other amounts receivable291€213k€213k=
Amounts receivable within one year40/41€37k€53k▲
Trade receivables40€5k€15k▲
Other amounts receivable41€32k€38k▲
Cash at bank and in hand54/58€82k€61k▼
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€615k€650k▲
Equity10/15€314k€325k▲
Contributions10/11€19k€19k=
Reserves13€262k€273k▲
Distributable reserves133€262k€273k▲
Profit (loss) carried forward14€33k€33k=
Amounts payable17/49€301k€325k▲
Amounts payable after more than one year17€168k€193k▲
Financial debts170/4€168k€193k▲
Amounts payable within one year42/48€131k€130k▼
Current portion of amounts payable after more than one year42€19k€31k▲
Trade debts44€5k€16k▲
Suppliers440/4€5k€16k▲
Taxes, remuneration and social security45€34k€33k▼
Taxes450/3€34k€33k▼
Other amounts payable47/48€73k€50k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€36k▲
Other operating charges640/8€12k€3k▼
Gross operating margin9900€63k€115k▲
Operating profit (loss)9901€25k€76k▲
Financial income75/76B€7k€7k▲
Recurring financial income75€7k€7k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€27k€77k▲
Income taxes67/77€10k€24k▲
Profit (loss) for the period9904€17k€53k▲
Profit (loss) for the period to be appropriated9905€17k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€86k▲
Profit (loss) brought forward from the previous period14P€33k€33k=
Transfer from equity791/2€127k€42k▼
Transfer to equity691/2€17k€53k▲
To other reserves6921€17k€53k▲
Profit to be distributed694/7€127k€42k▼
Return on contributions (dividend)694€127k€42k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €17k ▼80.4%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €85k ▲41.2%
Operating result €119k, net result €85k, both a record.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €223k ▲23.3%
2 profitable years in a row build equity to €223k.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oudenaarde · 1 establishment unit since 2007
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.
Smissestraat 1059700 OudenaardeGround area
462 m²
Building footprint
136 m²
Volume, LiDAR
672 m³
Parcel 45506A0301/00K000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AD'2 BVBA
since 20072.165.056.529
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45506A0301/00K000 | Flanders | 462 m² | 1 · 136 m² | 7.2 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.
Similar companies · same sector, comparable size
KAPI BV
BE 0775.909.829
Schoten · Eq €330k
TYWILL
BE 0414.086.268
Châtelet · Eq €330k
HEVAM
BE 0440.457.796
Houthalen-Helchteren · Eq €330k
Van Hauwe - Somers & Co
BE 0562.838.540
Zandhoven · Eq €333k
DARTEVELLE JACQUES
BE 0437.493.853
Binche · Eq €339k
Of 528 companies in sector 47530 we hold annual accounts for 320. 247 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-2007
Fiscal year end31-12
Activities, NACEBEL
47530Retail trade
52486
47552Retail sale of lighting equipment
47592Retail trade
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 17 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.