AD FRANSEN MANAGEMENT
ActiveAD FRANSEN MANAGEMENT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €-38k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 14% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15=
Solvency31▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.06 in 2024; short-term debt: 7.1% and cash: 0% of total assets), and 94% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-38k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 31662 sector peers (2025).
NBB · sector comparisonPosition among 31662 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
9 d late
2022
30 d late
2021
26 d late
2020
31 d late
2019
61 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▼ 35.0%
2024 · €108k
2018: €31k
2019: €41k
2020: €63k
2021: €75k
2022: €109k
2023: €147k
2024: €108k
2018 → 2025
Total assets
€1.16M▼ 0.7%
2024 · €1.17M
2018: €246k
2019: €252k
2020: €263k
2021: €686k
2022: €1.19M
2023: €1.16M
2024: €1.17M
2018 → 2025
Net result
€-38k▲ 3.9%
2024 · €-39k
2018: €11k
2019: €10k
2020: €22k
2021: €12k
2022: €28k
2023: €38k
2024: €-39k
2018 → 2025
Working capital
€-79k▲ 14.1%
2024 · €-92k
2018: €-203k
2019: €-205k
2020: €-12k
2021: €4k
2022: €-77k
2023: €-101k
2024: €-92k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€109k▲ 46.5%€147k▲ 34.5%€108k▼ 26.7%€70k▼ 35.0%
Operating result€22k-€7k▼ 68.0%€-8k€-21k▼ 163%€-14k▲ 30.6%
Net result€12k-€28k▲ 141%€38k▲ 32.2%€-39k€-38k▲ 3.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €21k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€1.16M▼ 0.4%
Current assets
€3k▼ 49.7%
Equity and liabilities €1.16M
Equity
€70k▼ 35.0%
Debt
€1.09M▲ 2.8%
The debt ratio rises from 90.8% to 94.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▲
2024 · €-16k
Cash flow
€-31k▲
2024 · €-35k
Solvency
6.0%▼
2024 · 9.2%
Current ratio
0.03▼
2024 · 0.06
Quick ratio
0.03▼
2024 · 0.06
Debt / equity
15.59▲
2024 · 9.85
ROE
-53.8%▼
2024 · -36.4%
ROA
-3.2%▲
2024 · -3.4%
Interest coverage
-0.32▲
2024 · -0.86
Debt
€1.09M▲
2024 · €1.06M
Debt ≤ 1 year
€82k▼
2024 · €98k
Debt > 1 year
€1.01M▲
2024 · €964k
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€1.17M€1.16M▼
Fixed assets21/28€1.16M€1.16M▼
Tangible fixed assets22/27€27k€21k▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€17k€13k▼
Financial fixed assets28€1.14M€1.14M=
Current assets29/58€5k€3k▼
Amounts receivable within one year40/41€5k€3k▼
Other amounts receivable41€5k€3k▼
Cash at bank and in hand54/58€386€210▼
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.16M▼
Equity10/15€108k€70k▼
Contributions10/11€19k€19k=
Reserves13€89k€51k▼
Distributable reserves133€89k€51k▼
Amounts payable17/49€1.06M€1.09M▲
Amounts payable after more than one year17€964k€1.01M▲
Financial debts170/4€342k€335k▼
Other amounts payable178/9€622k€674k▲
Amounts payable within one year42/48€98k€82k▼
Current portion of amounts payable after more than one year42€86k€71k▼
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€7k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€895€1k▲
Gross operating margin9900€-15k€-6k▲
Operating profit (loss)9901€-21k€-14k▲
Financial income75/76B€0€12▲
Recurring financial income75€0€12▲
Financial charges65/66B€19k€23k▲
Recurring financial charges65€19k€23k▲
Profit (loss) for the period before taxes9903€-39k€-38k▲
Profit (loss) for the period9904€-39k€-38k▲
Profit (loss) for the period to be appropriated9905€-39k€-38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-39k€-38k▲
Transfer from equity791/2€39k€38k▼
The notes to these accounts (8 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-39k ▼204%
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Highest result since 2018net €38k ▲32.2%
Net result €38k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €100kEq €109k ▲46.5%
5 profitable years in a row build equity to €109k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 1.16
Current ratio from 0.56 to 1.16.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 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, Hechtel-Eksel · 1 establishment unit since 2012
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.
Pundershoekstraat 513940 Hechtel-EkselGround area
1,408 m²
Building footprint
181 m²
Parcel 72006D0193/00G002, Flanders. Linked by address, not a title deed.
1 establishment unit
A.F.M.
since 20122.211.795.384
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72006D0193/00G002 | Flanders | 1,408 m² | 1 · 181 m² | - |
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.
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ZEST CONSULTING BE
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 39,638 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-2012
Fiscal year end31-12
Abbreviation NL
AFM
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
47559Retail sale of other household articles
47599Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:011/668440