AD CORP
ActiveThe computed 12-month bankruptcy probability of AD CORP is 8.0% (elevated). The 2025 annual accounts show negative equity (€-42k) and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 3614 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
18
/ 100
Critical▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▼-59
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
8.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.26 in 2024), 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.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
-20.7%
Return on assets
-1.7%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€42k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
22 d early
2024
26 d late
2023
62 d late
2022
198 d late
2021
43 d late
2020
23 d late
2019
26 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k▲ 77.3%
2024 · €-15k
2019: €42k
2020: €26k
2021: €11k
2022: €-32k
2023: €-88k
2024: €-15k
2019 → 2025
Working capital
€-51k▼ 4.5%
2024 · €-49k
2019: €-133k
2020: €-59k
2021: €-48k
2022: €-67k
2023: €-61k
2024: €-49k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€181k-€137k▼ 24.4%€-24k€-39k▼ 64.8%€-42k▼ 8.9%
Operating result€3k-€-33k€-82k▼ 148%€-12k▲ 85.7%€-2k▲ 80.7%
Net result€11k-€-32k€-88k▼ 173%€-15k▲ 82.7%€-3k▲ 77.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €12k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-20.7%▼
2024 · -17.6%
Current ratio
0.02▼
2024 · 0.26
Quick ratio
0.02▼
2024 · 0.26
Debt / equity
-5.83▲
2024 · -6.68
ROE
8.2%▼
2024 · 39.3%
ROA
-1.7%▲
2024 · -6.9%
Debt
€246k▼
2024 · €259k
Debt ≤ 1 year
€52k▼
2024 · €66k
Debt > 1 year
€187k▲
2024 · €184k
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€220k€204k▼
Formation expenses20€203k€203k=
Current assets29/58€17k€880▼
Amounts receivable within one year40/41€14k€554▼
Trade receivables40€14k€49▼
Other amounts receivable41-€505
Cash at bank and in hand54/58€2k€327▼
Equity and liabilities
Total equity and liabilities10/49€220k€204k▼
Equity10/15€-39k€-42k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-59k€-63k▼
Amounts payable17/49€259k€246k▼
Amounts payable after more than one year17€184k€187k▲
Financial debts170/4€26k-
Other amounts payable178/9€158k€187k▲
Amounts payable within one year42/48€66k€52k▼
Current portion of amounts payable after more than one year42€41k€26k▼
Trade debts44€24k€22k▼
Suppliers440/4€24k€22k▼
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3€9k€8k▼
Income statement
Code20242025
Non-recurring operating income76A€54-
Other operating charges640/8€2k€487▼
Gross operating margin9900€-10k€-2k▲
Operating profit (loss)9901€-12k€-2k▲
Financial income75/76B-€35
Recurring financial income75-€35
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€-15k€-3k▲
Profit (loss) for the period9904€-15k€-3k▲
Profit (loss) for the period to be appropriated9905€-15k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-59k€-63k▼
Profit (loss) brought forward from the previous period14P€-44k€-59k▼
The notes to these accounts (6 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 62 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 198 days late
2023
31-12
Financial
Weakest financial yearnet €-88k
Net result drops to €-88k, the lowest in the series; recovery starts the following year.
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 43 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
31-12
Financial
Equity above €150kEq €182k ▲199%
2 profitable years in a row build equity to €182k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
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, Ukkel · 1 establishment unit since 2018
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.
Ilya Prigoginelaan 81180 UkkelGround area
1,676 m²
Building footprint
919 m²
Volume, LiDAR
13,208 m³
2 parcels, Brussels · tallest building 19.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
O'TACOS ANDERLECHT 1
since 20182.281.029.234
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0176/00G003 | Brussels | 1,559 m² | 1 · 789 m² | 19.1 m · 6 fl. |
| 21001A0623/00X007 | Brussels | 117 m² | 1 · 130 m² | 16.4 m · 4 fl. |
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.
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Of 21,633 companies in sector 56112 we hold annual accounts for 9,660. 7,316 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-10-2018
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.