AD LIBITUM
ActiveSummary
AD LIBITUM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €53,542 and a net result of €22,234. Equity is growing by ~43.9% per year across the filed fiscal years. Its solvency ranks better than 67% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency93▲+23
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.13 against 1.78 in 2023; short-term debt: 32.5% and cash: 16.7% of total assets), and 32.5% of the assets are financed with debt.
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Signals
Three 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 03-06-2025, 58 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
8 d early
2022
21 d late
2021
2 d late
2020
89 d early
2019
22 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€53,542▲ 71.0%
2023 · €31,307
Total assets
€79,285▲ 14.3%
2023 · €69,368
Net result
€22,234▼ 15.4%
2023 · €26,271
Working capital
€29,032▼ 2.3%
2023 · €29,730
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€16,239€6,692-€8,799€36,571€27,694▼ 24.3%
Net result-€16,877below the sector's middle half€5,847within the sector's middle half-€8,949below the sector's middle half€26,271within the sector's middle half€22,234within the sector's middle half▼ 15.4%
Equity€9,770within the sector's middle half▼ 63.3%€14,818within the sector's middle half▲ 51.7%€5,869below the sector's middle half▼ 60.4%€31,307within the sector's middle half▲ 433%€53,542within the sector's middle half▲ 71.0%
Total assets€37,724below the sector's middle half▼ 39.8%€43,097below the sector's middle half▲ 14.2%€18,116below the sector's middle half▼ 58.0%€69,368within the sector's middle half▲ 283%€79,285within the sector's middle half▲ 14.3%
Debt€27,954▼ 22.3%€28,279▲ 1.2%€12,247▼ 56.7%€38,061▲ 211%€25,743▼ 32.4%
Working capital€8,007within the sector's middle half▼ 66.0%€13,386within the sector's middle half▲ 67.2%€2,945within the sector's middle half▼ 78.0%€29,730within the sector's middle half▲ 909%€29,032within the sector's middle half▼ 2.3%
Solvency25.9%within the sector's middle half▼ 16.7pp34.4%within the sector's middle half▲ 8.5pp32.4%within the sector's middle half▼ 2.0pp45.1%within the sector's middle half▲ 12.7pp67.5%within the sector's middle half▲ 22.4pp
Current ratio1.29within the sector's middle half▼ 0.481.47within the sector's middle half▲ 0.191.24within the sector's middle half▼ 0.231.78within the sector's middle half▲ 0.542.13within the sector's middle half▲ 0.35
Return on assets (ROA)-44.7%below the sector's middle half▼ 93.8pp13.6%within the sector's middle half▲ 58.3pp-49.4%below the sector's middle half▼ 63.0pp37.9%above the sector's middle half▲ 87.3pp28.0%above the sector's middle half▼ 9.8pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €79,285
Fixed assets
€24,509 ▲ 1,454%
Current assets
€54,775 ▼ 19.2%
Equity and liabilities €79,285
Equity
€53,542 ▲ 71.0%
Debt
€25,743 ▼ 32.4%
Debt's share of the balance-sheet total falls from 54.9% to 32.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,430▼
2023 · €37,918
Cash flow
€25,971▼
2023 · €27,618
Debt to equity
0.48▼
2023 · 1.22
ROE
41.5%▼
2023 · 83.9%
Interest coverage
79.92▼
2023 · 134.61
Debt ≤ 1 year
€25,743▼
2023 · €38,061
Income taxes
€10,031=
2023 · €10,030
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,470 | €1,143 | €1,646 | €1,347 | €3,736 | ▲ 177% |
| Other operating charges640/8 | - | €100 | €1,012 | €634 | €640 | ▲ 1.0% |
| Non-recurring operating charges66A | - | - | - | - | €281 | - |
| Gross operating margin9900 | -€8,332 | €7,935 | -€6,141 | €38,552 | €32,350 | ▼ 16.1% |
| Operating profit (loss)9901 | -€16,239 | €6,692 | -€8,799 | €36,571 | €27,694 | ▼ 24.3% |
| Financial income75/76B | - | €0 | €293 | €12 | €4,965 | ▲ 41,519% |
| Recurring financial income75 | - | €0 | €293 | €12 | €7 | ▼ 45.5% |
| Non-recurring financial income76B | - | - | - | - | €4,959 | - |
| Financial charges65/66B | - | €171 | €270 | €282 | €393 | ▲ 39.6% |
| Recurring financial charges65 | €480 | €171 | €270 | €282 | €393 | ▲ 39.6% |
| Profit (loss) for the period before taxes9903 | -€16,719 | €6,521 | -€8,775 | €36,302 | €32,266 | ▼ 11.1% |
| Income taxes67/77 | €158 | €674 | €173 | €10,030 | €10,031 | = |
| Profit (loss) for the period9904 | -€16,877 | €5,847 | -€8,949 | €26,271 | €22,234 | ▼ 15.4% |
| Profit (loss) for the period to be appropriated9905 | -€16,877 | €5,847 | -€8,949 | €26,271 | €22,234 | ▼ 15.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,724 | €43,097 | €18,116 | €69,368 | €79,285 | ▲ 14.3% |
| Fixed assets21/28 | €1,807 | €1,432 | €2,924 | €1,577 | €24,509 | ▲ 1,454% |
| Tangible fixed assets22/27 | €1,807 | €1,432 | €2,924 | €1,577 | €24,509 | ▲ 1,454% |
| Furniture and vehicles24 | - | €1,432 | €2,924 | €1,577 | €24,509 | ▲ 1,454% |
| Current assets29/58 | €35,917 | €41,665 | €15,192 | €67,791 | €54,775 | ▼ 19.2% |
| Amounts receivable within one year40/41 | €7,061 | €28,988 | €6,594 | €45,986 | €40,992 | ▼ 10.9% |
| Trade receivables40 | - | €28,988 | €6,594 | €45,986 | €35,524 | ▼ 22.8% |
| Other amounts receivable41 | - | - | - | - | €5,469 | - |
| Cash at bank and in hand54/58 | €27,984 | €12,573 | €7,092 | €21,805 | €13,203 | ▼ 39.4% |
| Deferred charges and accrued income490/1 | - | €104 | €1,506 | - | €580 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,724 | €43,097 | €18,116 | €69,368 | €79,285 | ▲ 14.3% |
| Equity10/15 | €9,770 | €14,818 | €5,869 | €31,307 | €53,542 | ▲ 71.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | €5,047 | €5,047 | €25,107 | €47,342 | ▲ 88.6% |
| Distributable reserves133 | - | €5,047 | €5,047 | €25,107 | €47,342 | ▲ 88.6% |
| Profit (loss) carried forward14 | €3,570 | €3,570 | -€5,378 | - | - | - |
| Amounts payable17/49 | €27,954 | €28,279 | €12,247 | €38,061 | €25,743 | ▼ 32.4% |
| Amounts payable within one year42/48 | €27,910 | €28,279 | €12,247 | €38,061 | €25,743 | ▼ 32.4% |
| Financial debts43 | - | - | - | - | €220 | - |
| Credit institutions430/8 | - | - | - | - | €220 | - |
| Trade debts44 | €4,702 | €888 | €770 | €636 | €3,959 | ▲ 522% |
| Suppliers440/4 | - | €888 | €770 | €636 | €3,959 | ▲ 522% |
| Taxes, remuneration and social security45 | - | €12,665 | €4,006 | €18,425 | €13,805 | ▼ 25.1% |
| Taxes450/3 | - | €9,729 | €4,006 | €18,425 | €13,805 | ▼ 25.1% |
| Remuneration and social security454/9 | - | €2,936 | - | - | - | - |
| Other amounts payable47/48 | - | €14,726 | €7,471 | €19,000 | €7,759 | ▼ 59.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,877 | €5,847 | -€8,949 | €26,271 | €22,234 | ▼ 15.4% |
| + Depreciation and write-downs630 | €7,470 | €1,143 | €1,646 | €1,347 | €3,736 | ▲ 177% |
| Operating cash flow (approximation) | -€9,408 | €6,990 | -€7,302 | €27,618 | €25,971 | ▼ 6.0% |
| Investment in fixed assets (approximation) | - | -€768 | -€3,138 | €0 | -€26,669 | - |
| Change in cash | - | -€15,411 | -€5,481 | €14,713 | -€8,602 | ▼ 158% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €26,271
Net result €26,271 after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
24-04
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Back to profitnet €5,847
Net result €5,847 after one loss-making year.
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€16,877
Net result drops to -€16,877, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 22 days late
30-03
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
2019
31-12
Financial
Highest result since 2018net €30,703 ▲2,025%
Operating result €39,657, net result €30,703, both a record.
Show earlier events
31-12
Financial
Liquidity doublescurrent ratio 1.76
Current ratio from 0.74 to 1.76; short-term debt falls from €32,009 to €30,907.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Sint-Pieters-Woluwe · 1 establishment unit since 2017
Ground area
170 m²
Building footprint
70 m²
Volume, LiDAR
500 m³
Parcel 21682C0174/00A020, Brussels · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bosstraat 333, 1150 Sint-Pieters-Woluwe
since 20172.271.420.591
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21682C0174/00A020 | Brussels | 170 m² | 1 · 70 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
3 locations
Recognitions · licences · registrations
Legal Entity Identifier
984500ACAEDA459B3C08
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Of 4,560 companies in sector 74999 we hold annual accounts for 1,935. 1,543 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0681469936
Also
9925:BE0681469936
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.