Equity
-€87,211
Debts exceed assets in financial year 2025.
AD Expertise
Lifetime
9 annual accounts with figures on one time axispeak €77,349 (2017)
€17,975▲ €18,438
lowest -€65,091 (2019)
-€5,765▲ €22,222
peak €107,139 (2018)
-€87,211▼ €5,765
€497,358▼ 0.5%
Board1 name since 2023
1 directorHELMAN Anne Diane Jacqueline Elisabeth
Documentsfilings and deeds
24-07-20267 days before the deadline
2025micro format
Gross margin from -€462 to €17,975Loss of €5,765Registered office moved from Overijse to Huldenberg 03-01Cash from €1,724 to €14,700
Key points
from the 2025 annual accountsLosses
-€194,350 in seven years
Every financial year from 2019 to 2025 closed with a loss. 2019 was the heaviest.
Turnover
≈ €77,000 estimated
The accounts state no turnover.
Debts
€497,358 121% of the balance sheet
Filings
9 annual accounts 6 late
The 2019 accounts came latest: 40 days after the end of the period.
Position in the sector
-€87,211
Less equity than 92% of companies in real estate. Sector median €73,055 · 17,210 companies.
Checked score
54
Fair
Financially stronger than 25% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024lowest value
02-2025: 1.6%▲ +0.8 percentage points vs 01-2025
03-2025: 1.7%▲ +0.1 percentage points vs 02-2025
04-2025: 1.8%▲ +0.1 percentage points vs 03-2025
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.7%▼ -0.1 percentage points vs 05-2025
07-2025: 1.9%▲ +0.2 percentage points vs 06-2025
08-2025: 2.5%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 1.6%▼ -0.9 percentage points vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.6%● unchanged vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.5%▼ -0.1 percentage points vs 05-2026
07-2026: 1.6%▲ +0.1 percentage points vs 06-2026
08-2026: 1.0%▼ -0.6 percentage points vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
1 change of registered office in 24 months
Negative equity -€87,211
lowers risk
Size: total assets €410,146
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 10% of them on solvency, 7% on liquidity, 53% on profitability and 31% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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, 2,333 companies had the same profile as AD Expertise has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AD Expertise itself: 1.0% 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 2,333 companies, not a prediction for AD Expertise. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.03 (0.0 in 2024), below 1. Short-term debt is 121.3% and cash 3.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€87,211
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 days early
2024
29 days late
2023
27 days late
2022
3 days late
2021
1 day late
2020
1 day early
2019
40 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 13 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 3 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0665715255
Registered office moved from Overijse to Huldenberg
New registered office: De Limburg Stirumlaan 70, 3040 Huldenberg · Previous registered office: Narcissenlaan 9, 3090 Overijse · Helman Anne is a shareholder · General meeting of 23-09-2024 · Gazette deed
New director
HELMAN Anne Diane Jacqueline Elisabeth appointed, HELMAN Anne Diane Jacqueline Elisabeth resigned · General meeting of 11-10-2023 · Gazette deed
Incorporation
published on 07-11-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AD Expertise Huldenberg | €410,146 | €17,975 | -21.3% | - |
| BETWEEN BRIX Kortrijk | €359,025 | €18,633 | 9.4% | - |
| PETRA WEALTH ADVISORS Oosterzele | €473,686 | €22,161 | -49.8% | 0 |
| Pieter Dekrem Boortmeerbeek | €374,616 | €24,501 | 18.6% | - |
| Claeys-Achten Leuven | €353,467 | €13,669 | 21.1% | - |
| CETA Advisory Boortmeerbeek | €258,840 | €22,251 | 2.5% | - |
| HEVABOR Haaltert | €517,200 | €21,282 | -4.1% | - |
These companies have the same main activity as AD Expertise: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €259,000 and €517,000, founded between 2014 and 2017.
Official details
Source: KBO- Status
- Active since 03-11-2016Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 1 other
- Establishment unit
- 2.258.545.2283090 Overijse, since 03-11-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 10-10-2025
Annual accounts 2025
- €410,146▼ 2.0%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on AD Expertise
AD Expertise files the micro format. That format states no turnover. The gross margin fell from €77,349 in 2017 to €17,975 in 2025.
The balance sheet grew most from 2023 to 2024 through fixed assets.
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 Expertise
- What is the company number of AD Expertise?
- The company number of AD Expertise is 0665.715.255. The VAT number is the same number with BE in front: BE 0665.715.255.
- Where is AD Expertise based?
- The registered office is at de Limburg Stirumlaan 70, 3040 Huldenberg.Company details
- What does AD Expertise do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of AD Expertise?
- AD Expertise is a private limited company (BV).
- When was AD Expertise founded?
- AD Expertise was founded on 03-11-2016.
- Is AD Expertise still active?
- Yes, AD Expertise is an active enterprise in the KBO register.
- What is the turnover of AD Expertise?
- The turnover in financial year 2025 is ≈ €77,000. This figure is estimated from the gross margin of €17,975 and 37 comparable companies (NACE 68310). It probably lies between €26,000 and €130,000. It is a rough estimate.Financials
- Is AD Expertise profitable?
- In financial year 2025, AD Expertise made a loss of €5,765.
- Where can I find the annual accounts of AD Expertise?
- AD Expertise filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AD Expertise due?
- AD Expertise must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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