AD Expertise
ActiveAD Expertise has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-87k) and a net result of €-6k. Equity is shrinking by ~52.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+57
Solvency4▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.0 in 2024; short-term debt: 121.3% and cash: 3.6% of total assets), and equity is negative.
Credit advice for your own amount and term
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 68
Relative position
BE, all sectors
reference
Sector 68
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 2025Solvency, return and age of the figures
Solvency
-21.3%
Return on assets
-1.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-87k
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 24-07-2026, 7 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
7 d early
2024
29 d late
2023
27 d late
2022
3 d late
2021
1 d late
2020
1 d early
2019
40 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-87k▼ 7.1%
2024 · €-81k
2018: €107k
2019: €42k
2020: €35k
2021: €-29k
2022: €-31k
2023: €-53k
2024: €-81k
2018 → 2025
Total assets
€410k▼ 2.0%
2024 · €418k
2018: €114k
2019: €376k
2020: €469k
2021: €62k
2022: €53k
2023: €386k
2024: €418k
2018 → 2025
Net result
€-6k▲ 79.4%
2024 · €-28k
2018: €26k
2019: €-65k
2020: €-7k
2021: €-64k
2022: €-1k
2023: €-23k
2024: €-28k
2018 → 2025
Working capital
€-481k▲ 3.3%
2024 · €-498k
2018: €32k
2019: €252k
2020: €448k
2021: €-58k
2022: €-53k
2023: €-72k
2024: €-498k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-29k-€-31k▼ 4.0%€-53k▼ 74.8%€-81k▼ 52.4%€-87k▼ 7.1%
Operating result€-50k-€-990▲ 98.0%€-23k▼ 2,191%€-28k▼ 22.4%€-6k▲ 80.0%
Net result€-64k-€-1k▲ 98.2%€-23k▼ 1,851%€-28k▼ 22.3%€-6k▲ 79.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €28k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €410k
Fixed assets
€394k▼ 5.3%
Current assets
€16k▲ 599%
Key figures and ratios
EBITDA
€17k▲
2024 · €-13k
Cash flow
€16k▲
2024 · €-14k
Solvency
-21.3%▼
2024 · -19.5%
Current ratio
0.03▲
2024 · 0.00
Quick ratio
0.03▲
2024 · 0.00
Debt / equity
-5.70▲
2024 · -6.14
ROA
-1.4%▲
2024 · -6.7%
Interest coverage
74.52▲
2024 · -59.22
Debt
€497k▼
2024 · €500k
Debt ≤ 1 year
€497k▼
2024 · €500k
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€418k€410k▼
Fixed assets21/28€416k€394k▼
Tangible fixed assets22/27€416k€394k▼
Land and buildings22€362k€351k▼
Furniture and vehicles24€48k€38k▼
Other tangible fixed assets26€6k€5k▼
Current assets29/58€2k€16k▲
Amounts receivable within one year40/41€213€1k▲
Trade receivables40€213-
Other amounts receivable41-€1k
Cash at bank and in hand54/58€2k€15k▲
Deferred charges and accrued income490/1€395€108▼
Equity and liabilities
Total equity and liabilities10/49€418k€410k▼
Equity10/15€-81k€-87k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-90k€-95k▼
Amounts payable17/49€500k€497k▼
Amounts payable within one year42/48€500k€497k▼
Trade debts44-€280
Suppliers440/4-€280
Other amounts payable47/48€500k€497k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€22k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€11k-
Gross operating margin9900€-462€18k▲
Operating profit (loss)9901€-28k€-6k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€226€224▼
Recurring financial charges65€226€224▼
Profit (loss) for the period before taxes9903€-28k€-6k▲
Profit (loss) for the period9904€-28k€-6k▲
Profit (loss) for the period to be appropriated9905€-28k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-90k€-95k▼
Profit (loss) brought forward from the previous period14P€-62k€-90k▼
The notes to these accounts (4 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 11current ratio 34.87
Current ratio from 3.19 to 34.87; short-term debt falls from €115k to €13k.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
31-12
Financial
Weakest financial yearnet €-65k ▼350%
Net result drops to €-65k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Huldenberg · 1 establishment unit since 2016
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.
de Limburg Stirumlaan 703040 HuldenbergGround area
7,827 m²
Building footprint
441 m²
Volume, LiDAR
2,605 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AD EXPERTISE
since 20162.258.545.228
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24045A0006/00R000 | Flanders | 5,416 m² | 1 · 279 m² | 9.0 m · 2 fl. |
| 23062N0035/00V015 | Flanders | 2,411 m² | 1 · 162 m² | 9.5 m · 2 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.
Similar companies · same sector, comparable size
DEGAMIC
BE 0447.605.807
Fontaine-l'Evêque · Eq €35k
PRO 4 SOLUTION
BE 0633.696.842
Mechelen · Eq €35k
ONE REAL ESTATE
BE 0829.611.306
Elsene · Eq €35k
ELAM INVEST
BE 0757.690.655
Zedelgem · Eq €35k
IMMOBILIERE FAMILLE LENOBLE
BE 0872.734.635
Fleurus · Eq €35k
Of 11,750 companies in sector 68310 we hold annual accounts for 6,907. 4,545 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-11-2016
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.