AD-BEL SERVICES
ActiveAD-BEL SERVICES has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-966k) and a net result of €-358k. Equity is shrinking by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 1760 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
17
/ 100
Critical▼ -5 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency33▼-4
Growth55▼-30
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.68 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-127%
Return on assets
-47.1%
Age of the figures
20 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
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€966k
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 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
40 d early
2022
52 d early
2021
4 d early
2020
45 d early
2019
74 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€1.12M▲ 108%
2019 · €540k
2018: €218k
2019: €540k
2018 → 2020
EBIT margin
-31.1%▲ 36.0pp
2019 · -67.1%
2018: -153.3%
2019: -67.1%
2018 → 2020
Net result
€-358k▼ 33.1%
2023 · €-269k
2018: €-355k
2019: €-917k
2020: €-373k
2021: €-213k
2022: €-161k
2023: €-269k
2018 → 2024
Working capital
€-965k▼ 58.9%
2023 · €-607k
2018: €-1.24M
2019: €-1.61M
2020: €135k
2021: €-177k
2022: €-244k
2023: €-607k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.12M-
Equity€36k-€-177k€-338k▼ 90.8%€-607k▼ 79.6%€-966k▼ 59.0%
Operating result€-349k-€-234k▲ 32.9%€-151k▲ 35.4%€-276k▼ 82.6%€-340k▼ 23.1%
Net result€-373k-€-213k▲ 43.0%€-161k▲ 24.4%€-269k▼ 67.2%€-358k▼ 33.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €340k in 2024 against €276k in 2023; the loss grows.
Key figures and ratios
Solvency
-127.0%▼
2023 · -46.9%
Current ratio
0.44▼
2023 · 0.68
Quick ratio
0.32▼
2023 · 0.64
Debt / equity
-1.79▲
2023 · -3.13
ROE
37.1%▼
2023 · 44.3%
ROA
-47.1%▼
2023 · -20.8%
Debt
€1.73M▼
2023 · €1.90M
Debt ≤ 1 year
€1.73M▼
2023 · €1.90M
Income taxes
€2k▲
2023 · €1k
Staff costs
€1.13M▲
2023 · €1.09M
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€1.29M€761k▼
Current assets29/58€1.29M€761k▼
Stocks and contracts in progress3€80k€200k▲
Stocks30/36€80k€200k▲
Amounts receivable within one year40/41€857k€551k▼
Trade receivables40€539k€551k▲
Other amounts receivable41€318k€0▼
Cash at bank and in hand54/58€243k€0▼
Deferred charges and accrued income490/1€115k€9k▼
Equity and liabilities
Total equity and liabilities10/49€1.29M€761k▼
Equity10/15€-607k€-966k▼
Contributions10/11€421k€421k=
Profit (loss) carried forward14€-1.03M€-1.39M▼
Amounts payable17/49€1.90M€1.73M▼
Amounts payable within one year42/48€1.90M€1.73M▼
Trade debts44€1.63M€841k▼
Suppliers440/4€1.63M€841k▼
Taxes, remuneration and social security45€271k€236k▼
Taxes450/3€137k€116k▼
Remuneration and social security454/9€134k€120k▼
Other amounts payable47/48€0€649k▲
Accrued charges and deferred income492/3€0€318▲
Income statement
Code20232024
Remuneration, social security and pensions62€1.09M€1.13M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-6k€-2k▲
Other operating charges640/8€2k€32k▲
Non-recurring operating charges66A-€32k
Gross operating margin9900€809k€852k▲
Operating profit (loss)9901€-276k€-340k▼
Financial income75/76B€12k€9k▼
Recurring financial income75€12k€9k▼
Financial charges65/66B€4k€25k▲
Recurring financial charges65€4k€25k▲
Profit (loss) for the period before taxes9903€-268k€-356k▼
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€-269k€-358k▼
Profit (loss) for the period to be appropriated9905€-269k€-358k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.03M€-1.39M▼
Profit (loss) brought forward from the previous period14P€-759k€-1.03M▼
Social balance
Average headcount (FTE)908712.312.5▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
31-12
Financial
Liquidity times 6current ratio 1.40
Current ratio from 0.23 to 1.40; short-term debt falls from €2.09M to €342k.
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-917k
Net result drops to €-917k, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Watermaal-Bosvoorde · 2 establishment units since 2011
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.
Terhulpsesteenweg 1661170 Watermaal-BosvoordeGround area
3.3 ha
Building footprint
7,521 m²
Volume, LiDAR
125,390 m³
2 parcels, Brussels, Wallonia · tallest building 21.0 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
AD-BEL Services
since 20112.195.745.844
Rue de l'Yser 3, 7180 Seneffe
since 20222.363.745.587
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0030/00D002 | Brussels | 3.2 ha | 1 · 7,322 m² | 21.0 m · 6 fl. |
| 52063C0082/00B002 ProtectedSite or landscape |
Wallonia | 235 m² | 1 · 199 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 12,122 companies in sector 69201 we hold annual accounts for 7,601. 5,416 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-12-2010
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.