AD-mix

Active

Private limited companyfounded 201114 yrs activeRue Fossé des Vaux 7, 1490 Court-Saint-Etienne, BelgiumKBO/BCE: BE 0841.310.296

AD-mix has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €-13k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 27268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

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Checked score

Score 2025

52 / 100

Fair= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency91▼-9

Growth32=

Stability100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 1.59 against 2.85 in 2024), and 30.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

69.2%

Return on assets

-18.2%

Age of the figures

8 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€13k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

11 d early

2024

28 d late

2023

30 d late

2022

24 d early

2021

30 d early

2020

31 d late

2019

12 d late

← before the deadline after the deadline →

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 months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€48k▼ 20.8%

2024 · €61k

2018: €82k 2019: €67k 2020: €69k 2021: €48k 2022: €59k 2023: €73k 2024: €61k

2018 → 2025

Total assets

€70k▼ 10.8%

2024 · €78k

2018: €152k 2019: €118k 2020: €84k 2021: €64k 2022: €72k 2023: €92k 2024: €78k

2018 → 2025

Net result

€-13k▼ 8.8%

2024 · €-12k

2018: €62k 2019: €-14k 2020: €2k 2021: €-21k 2022: €11k 2023: €13k 2024: €-12k

2018 → 2025

Working capital

€13k▼ 52.9%

2024 · €27k

2018: €58k 2019: €52k 2020: €58k 2021: €43k 2022: €57k 2023: €56k 2024: €27k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€48k-€59k▲ 23.3%€73k▲ 22.6%€61k▼ 16.1%€48k▼ 20.8%

Operating result€-20k-€13k€15k▲ 18.0%€-8k€-7k▲ 13.9%

Net result€-21k-€11k€13k▲ 19.5%€-12k€-13k▼ 8.8%

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 €7k in 2025 against €8k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €70k

51.4%

48.6%

Fixed assets €36k▼ 3.8%

Current assets €34k▼ 17.2%

Equity and liabilities €70k

69.2%

30.8%

Equity €48k▼ 20.8%

Debt €22k▲ 24.8%

The debt ratio rises from 22.0% to 30.8%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-5k▲

2024 · €-7k

Cash flow

€-11k▼

2024 · €-10k

Solvency

69.2%▼

2024 · 78.0%

Current ratio

1.59▼

2024 · 2.85

Quick ratio

1.28▼

2024 · 2.40

Debt / equity

0.45▲

2024 · 0.28

ROE

-26.3%▼

2024 · -19.2%

ROA

-18.2%▼

2024 · -14.9%

Interest coverage

-0.99▲

2024 · -2.04

Debt

€22k▲

2024 · €17k

Debt ≤ 1 year

€21k▲

2024 · €14k

Debt > 1 year

€105▼

2024 · €1k

Income taxes

€419▲

2024 · €307

Staff costs

€0▼

2024 · €388

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€78k€70k▼

Fixed assets21/28€37k€36k▼

Intangible fixed assets21€32k€32k=

Tangible fixed assets22/27€5k€4k▼

Plant, machinery and equipment23€2k€2k▼

Furniture and vehicles24€3k€2k▼

Current assets29/58€41k€34k▼

Stocks and contracts in progress3€7k€7k=

Stocks30/36€7k€7k=

Amounts receivable within one year40/41€15k€9k▼

Trade receivables40€15k€9k▼

Other amounts receivable41€0-

Cash at bank and in hand54/58€7k€5k▼

Deferred charges and accrued income490/1€12k€14k▲

Equity and liabilities

Total equity and liabilities10/49€78k€70k▼

Equity10/15€61k€48k▼

Contributions10/11€6k€6k=

Reserves13€2k€2k=

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€53k€40k▼

Amounts payable17/49€17k€22k▲

Amounts payable after more than one year17€1k€105▼

Financial debts170/4€1k€105▼

Amounts payable within one year42/48€14k€21k▲

Current portion of amounts payable after more than one year42€1k€1k▲

Financial debts43€0-

Credit institutions430/8€0-

Trade debts44€2k€10k▲

Suppliers440/4€2k€10k▲

Taxes, remuneration and social security45€7k€5k▼

Taxes450/3€7k€5k▼

Remuneration and social security454/9€0€20▲

Other amounts payable47/48€5k€5k▲

Accrued charges and deferred income492/3€2k€0▼

Income statement Code20242025

Non-recurring operating income76A€0-

Remuneration, social security and pensions62€388€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲

Other operating charges640/8€3k€2k▼

Gross operating margin9900€-4k€-3k▲

Operating profit (loss)9901€-8k€-7k▲

Financial income75/76B€82€3▼

Recurring financial income75€82€3▼

Financial charges65/66B€3k€5k▲

Recurring financial charges65€3k€5k▲

Profit (loss) for the period before taxes9903€-11k€-12k▼

Income taxes67/77€307€419▲

Profit (loss) for the period9904€-12k€-13k▼

Profit (loss) for the period to be appropriated9905€-12k€-13k▼

Appropriation of the result

Profit (loss) to be appropriated9906€53k€40k▼

Profit (loss) brought forward from the previous period14P€65k€53k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

20-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

07-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €11k

Net result €11k after one loss-making year.

01-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €-21k ▼1428%

Net result drops to €-21k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

31-12

Financial Liquidity doublescurrent ratio 4.78

Current ratio from 2.31 to 4.78; short-term debt falls from €40k to €15k.

12-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 12 days late

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

2018

01-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 1 day late

2017

28-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 4 acts read

About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 director, last change in 2023

RUIDANT Denis

Director · since 20-12-2023

Current

20-12-2023 Appointed as Director

Not every act has been read: a resignation may be missing here

4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Court-Saint-Etienne · 1 establishment unit since 2011

exact location from the address register On OpenStreetMap

Ground area

1,003 m²

Building footprint

129 m²

Volume, LiDAR

995 m³

Parcel 25023A0529/02F000, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

AD-mix