AD MILESTONE
ActiveSummary
AD MILESTONE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €546k and a net result of €105k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 4604 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 5.42 against 4.62 in 2023; short-term debt: 18.4% and cash: 4.5% of total assets), and 18.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
81.6%
Return on assets
15.7%
Age of the figures
21 mo
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 22-05-2025, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
70 d early
2023
61 d early
2022
49 d early
2021
53 d early
2020
40 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€105k▲ 16.0%
2023 · €91k
Working capital
€544k▲ 2.9%
2023 · €528k
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
Line20202021202220232024
Operating result€125k▼ 2.0%€131k▲ 5.2%€127k▼ 3.1%€125k▼ 1.5%€143k▲ 14.6%
Net result€83k▼ 6.8%€91k▲ 9.7%€91k▲ 0.4%€91k▼ 0.4%€105k▲ 16.0%
Equity€483k▲ 18.1%€506k▲ 4.9%€559k▲ 10.4%€529k▼ 5.4%€546k▲ 3.1%
Total assets€520k▼ 5.8%€597k▲ 14.7%€629k▲ 5.4%€675k▲ 7.3%€668k▼ 0.9%
Debt€38k▼ 73.8%€91k▲ 141%€70k▼ 22.6%€146k▲ 108%€123k▼ 15.7%
Working capital€482k▲ 21.7%€504k▲ 4.8%€557k▲ 10.5%€528k▼ 5.3%€544k▲ 2.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 15% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €668k
Fixed assets
€2k ▲ 116%
Current assets
€667k ▼ 1.1%
Equity and liabilities €668k
Equity
€546k ▲ 3.1%
Debt
€123k ▼ 15.7%
Debt's share of the balance-sheet total falls from 21.6% to 18.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€144k▲
2023 · €126k
Cash flow
€106k▲
2023 · €91k
Current ratio
5.42▲
2023 · 4.62
Debt to equity
0.23▼
2023 · 0.28
ROE
19.3%▲
2023 · 17.1%
ROA
15.7%▲
2023 · 13.4%
Interest coverage
870.83▲
2023 · 759.40
Debt ≤ 1 year
€123k▼
2023 · €146k
Income taxes
€43k▲
2023 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €1k | €581 | €658 | €892 | ▲ 35.5% |
| Other operating charges640/8 | - | €613 | €1k | €2k | €730 | ▼ 53.2% |
| Gross operating margin9900 | €138k | €133k | €129k | €127k | €145k | ▲ 13.8% |
| Operating profit (loss)9901 | €125k | €131k | €127k | €125k | €143k | ▲ 14.6% |
| Financial income75/76B | - | €1k | €2k | €3k | €5k | ▲ 96.6% |
| Recurring financial income75 | €828 | €1k | €2k | €3k | €5k | ▲ 96.6% |
| Financial charges65/66B | - | €161 | €175 | €166 | €166 | = |
| Recurring financial charges65 | €159 | €161 | €175 | €166 | €166 | = |
| Profit (loss) for the period before taxes9903 | €125k | €132k | €129k | €128k | €148k | ▲ 16.2% |
| Income taxes67/77 | €43k | €42k | €38k | €37k | €43k | ▲ 16.7% |
| Profit (loss) for the period9904 | €83k | €91k | €91k | €91k | €105k | ▲ 16.0% |
| Transfer from tax-exempt reserves789 | - | €37k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €114k | €128k | €91k | €91k | €105k | ▲ 16.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €520k | €597k | €629k | €675k | €668k | ▼ 0.9% |
| Fixed assets21/28 | €1k | €2k | €2k | €871 | €2k | ▲ 116% |
| Tangible fixed assets22/27 | €1k | €2k | €2k | €871 | €2k | ▲ 116% |
| Furniture and vehicles24 | - | €2k | €2k | €871 | €2k | ▲ 116% |
| Current assets29/58 | €519k | €595k | €628k | €674k | €667k | ▼ 1.1% |
| Amounts receivable within one year40/41 | €43k | €48k | €62k | €47k | €32k | ▼ 32.8% |
| Trade receivables40 | - | €41k | €17k | €19k | €19k | ▲ 1.6% |
| Other amounts receivable41 | - | €8k | €45k | €29k | €13k | ▼ 54.9% |
| Current investments50/53 | €450k | €451k | €451k | €451k | €598k | ▲ 32.5% |
| Cash at bank and in hand54/58 | €22k | €92k | €110k | €170k | €30k | ▼ 82.1% |
| Deferred charges and accrued income490/1 | - | €4k | €4k | €6k | €6k | ▲ 10.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €520k | €597k | €629k | €675k | €668k | ▼ 0.9% |
| Equity10/15 | €483k | €506k | €559k | €529k | €546k | ▲ 3.1% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €467k | €490k | €542k | €512k | €529k | ▲ 3.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €488k | €540k | €512k | €529k | ▲ 3.2% |
| Profit (loss) carried forward14 | €10k | €10k | €11k | €11k | €11k | ▲ 0.2% |
| Amounts payable17/49 | €38k | €91k | €70k | €146k | €123k | ▼ 15.7% |
| Amounts payable within one year42/48 | €38k | €91k | €70k | €146k | €123k | ▼ 15.7% |
| Trade debts44 | €350 | €1k | €1k | €3k | €1k | ▼ 51.6% |
| Suppliers440/4 | - | €1k | €1k | €3k | €1k | ▼ 51.6% |
| Taxes, remuneration and social security45 | - | €23k | €31k | €22k | €33k | ▲ 51.2% |
| Taxes450/3 | - | €23k | €31k | €22k | €33k | ▲ 51.2% |
| Other amounts payable47/48 | - | €67k | €38k | €121k | €89k | ▼ 27.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83k | €91k | €91k | €91k | €105k | ▲ 16.0% |
| + Depreciation and write-downs630 | €12k | €1k | €581 | €658 | €892 | ▲ 35.5% |
| Operating cash flow (approximation) | €95k | €92k | €91k | €91k | €106k | ▲ 16.2% |
| Investment in fixed assets (approximation) | - | €-2k | €-445 | €0 | €-2k | - |
| Change in cash | - | €70k | €18k | €59k | €-139k | ▼ 335% |
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
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €105k ▲16%
Operating result €143k, net result €105k, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500kEq €506k ▲4.9%
4 profitable years in a row build equity to €506k.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 13.80
Current ratio from 3.76 to 13.80; short-term debt falls from €143k to €38k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Ukkel · 1 establishment unit since 2008
Ground area
511 m²
Building footprint
315 m²
Volume, LiDAR
5,111 m³
2 parcels, Brussels · tallest building 21.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Molièrelaan 351, 1180 Ukkel
since 20082.173.145.240
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0001/00A052 | Brussels | 303 m² | 1 · 232 m² | 21.3 m · 7 fl. |
| 21614E0065/00S008 | Brussels | 208 m² | 1 · 83 m² | 11.7 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500X61SFZS9YX6A40
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 33,945 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
Founded05-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.