AD-Logic
ActiveSummary
The computed 12-month bankruptcy probability of AD-Logic is 2.4% (moderate). For AD-Logic, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €28,645 and a net result of €12,676. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability100=
Solvency100▲+20
Growth85▲+7
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2021Solvency, return and age of the figures
Solvency
77.1%
Return on assets
34.1%
Age of the figures
57 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 13-02-2023, 197 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
197 d late
2020
73 d early
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 46 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2021, full schema
Turnover
€29,813▲ 31.7%
2020 · €22,629
EBIT margin
58.3%▼ 11.3pp
2020 · 69.6%
Net result
€12,676▼ 4.0%
2020 · €13,205
Working capital
€24,056▲ 704%
2020 · €2,993
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Turnover€22,629€29,813▲ 31.7%
Operating result-€695--€402▲ 42.2%€15,744€17,383▲ 10.4%
Net result-€844--€761▲ 9.8%€13,205€12,676▼ 4.0%
EBIT margin69.6%58.3%▼ 11.3pp
Equity-€1,080--€1,841▼ 70.5%€7,993€28,645▲ 258%
Total assets€32-€139▲ 341%€14,484▲ 10,325%€37,153▲ 157%
Debt€1,111-€1,980▲ 78.2%€6,492▲ 228%€8,508▲ 31.1%
Working capital-€1,080--€1,841▼ 70.5%€2,993€24,056▲ 704%
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2021 is 10% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €37,153
Fixed assets
€4,589 ▼ 8.2%
Current assets
€32,564 ▲ 243%
Equity and liabilities €37,153
Equity
€28,645 ▲ 258%
Debt
€8,508 ▲ 31.1%
Debt's share of the balance-sheet total falls from 44.8% to 22.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17,823▲
2020 · €16,744
Cash flow
€13,117▼
2020 · €14,205
Current ratio
3.83▲
2020 · 1.46
Debt to equity
0.30
ROE
44.3%▼
2020 · 165.2%
ROA
34.1%▼
2020 · 91.2%
Interest coverage
63.03
Debt ≤ 1 year
€8,508▲
2020 · €6,492
Income taxes
€5,488▲
2020 · €2,656
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €22,629 | €29,813 | ▲ 31.7% |
| Non-recurring operating income76A | - | - | - | €750 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €11,902 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,000 | €441 | ▼ 55.9% |
| Other operating charges640/8 | - | - | - | €838 | - |
| Gross operating margin9900 | - | - | €17,740 | €18,661 | ▲ 5.2% |
| Operating profit (loss)9901 | -€695 | -€402 | €15,744 | €17,383 | ▲ 10.4% |
| Financial income75/76B | - | - | - | €1,064 | - |
| Recurring financial income75 | - | - | - | €1,064 | - |
| Non-recurring financial income76B | - | - | - | €1,064 | - |
| Financial charges65/66B | - | - | - | €283 | - |
| Recurring financial charges65 | €149 | €181 | - | €283 | - |
| Non-recurring financial charges66B | - | - | - | €283 | - |
| Profit (loss) for the period before taxes9903 | -€844 | -€761 | €15,861 | €18,164 | ▲ 14.5% |
| Income taxes67/77 | - | - | €2,656 | €5,488 | ▲ 107% |
| Profit (loss) for the period9904 | -€844 | -€761 | €13,205 | €12,676 | ▼ 4.0% |
| Profit (loss) for the period to be appropriated9905 | -€844 | -€761 | €13,205 | €12,676 | ▼ 4.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €32 | €139 | €14,484 | €37,153 | ▲ 157% |
| Fixed assets21/28 | - | - | €5,000 | €4,589 | ▼ 8.2% |
| Tangible fixed assets22/27 | - | - | €5,000 | €4,589 | ▼ 8.2% |
| Furniture and vehicles24 | - | - | - | €4,589 | - |
| Current assets29/58 | €32 | €139 | €9,484 | €32,564 | ▲ 243% |
| Amounts receivable within one year40/41 | - | - | €8,307 | €31,705 | ▲ 282% |
| Trade receivables40 | - | - | - | €6,189 | - |
| Other amounts receivable41 | - | - | - | €25,516 | - |
| Cash at bank and in hand54/58 | €32 | - | €1,177 | €858 | ▼ 27.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €32 | €139 | €14,484 | €37,153 | ▲ 157% |
| Equity10/15 | -€1,080 | -€1,841 | €7,993 | €28,645 | ▲ 258% |
| Contributions10/11 | €1,000 | €1,000 | €6,200 | €6,200 | = |
| Reserves13 | - | - | €518 | €1,122 | ▲ 117% |
| Distributable reserves133 | - | - | - | €1,122 | - |
| Profit (loss) carried forward14 | -€2,080 | -€2,841 | €1,274 | €21,323 | ▲ 1,573% |
| Amounts payable17/49 | €1,111 | €1,980 | €6,492 | €8,508 | ▲ 31.1% |
| Amounts payable within one year42/48 | €1,111 | €1,980 | €6,492 | €8,508 | ▲ 31.1% |
| Trade debts44 | €877 | €182 | €168 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €8,508 | - |
| Taxes450/3 | - | - | - | €8,508 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€844 | -€761 | €13,205 | €12,676 | ▼ 4.0% |
| + Depreciation and write-downs630 | - | - | €1,000 | €441 | ▼ 55.9% |
| Operating cash flow (approximation) | -€844 | -€761 | €14,205 | €13,117 | ▼ 7.7% |
| Investment in fixed assets (approximation) | - | - | - | -€30 | - |
| Change in cash | - | - | - | -€319 | - |
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
2023
13-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 197 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 3.83
Current ratio from 1.46 to 3.83.
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €13,205
Net result €13,205 after 2 loss-making years.
31-12
Financial
Liquidity times 21current ratio 1.46
Current ratio from 0.07 to 1.46.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2017
04-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 35 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneNBB 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, Stavelot · 1 establishment unit since 2013
Ground area
1,217 m²
Building footprint
293 m²
Volume, LiDAR
2,205 m³
2 parcels, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AD-Logic
since 20132.219.911.316
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63027B1934/00K000 | Wallonia | 819 m² | 1 · 192 m² | 11.1 m · 3 fl. |
| 63016B1846/00C000 | Wallonia | 397 m² | 1 · 101 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-04-2013
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.