Ad'OR
ActiveAd'OR has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (€-2k) and a net result of €-50k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2026
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability19▼-13
Solvency25▼-4
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 0.27 in 2025; short-term debt: 5.3% and cash: 1.5% of total assets), and equity is negative.
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
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 · 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 2026Solvency, return and age of the figures
Solvency
-0.2%
Return on assets
-4.7%
Age of the figures
6 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year €-2k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
40 d early
2025
38 d early
2024
51 d early
2023
42 d early
2022
25 d early
2021
26 d early
2020
5 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-50k▼ 190%
2025 · €-17k
2019: €-32k
2020: €-30k
2021: €-61k
2022: €-39k
2023: €-21k
2024: €-23k
2025: €-17k
2019 → 2026
Working capital
€-34k▲ 11.7%
2025 · €-39k
2019: €-226k
2020: €-255k
2021: €-312k
2022: €-34k
2023: €-45k
2024: €-40k
2025: €-39k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€-106k-€-127k▼ 20.2%€64k€47k▼ 26.6%€-2k
Operating result€-10k-€9k€7k▼ 20.9%€13k▲ 72.1%€-20k
Net result€-39k-€-21k▲ 45.6%€-23k▼ 6.9%€-17k▲ 24.8%€-50k▼ 190%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €20k after €13k in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.06M
Fixed assets
€1.04M▼ 3.9%
Current assets
€22k▲ 60.0%
Key figures and ratios
EBITDA
€22k▼
2025 · €54k
Cash flow
€-7k▼
2025 · €25k
Solvency
-0.2%▼
2025 · 4.3%
Current ratio
0.40▲
2025 · 0.27
Quick ratio
0.40▲
2025 · 0.27
ROA
-4.7%▼
2025 · -1.6%
Interest coverage
0.75▼
2025 · 1.84
Debt
€786k▲
2025 · €763k
Debt ≤ 1 year
€57k▲
2025 · €53k
Debt > 1 year
€729k▲
2025 · €709k
Income taxes
€177▲
2025 · €175
A ratio outside any meaningful range has been withheld (balance sheet total €1.06M, equity €-2k).
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€1.10M€1.06M▼
Fixed assets21/28€1.08M€1.04M▼
Tangible fixed assets22/27€1.08M€1.04M▼
Land and buildings22€1.04M€1.01M▼
Plant, machinery and equipment23€31k€27k▼
Furniture and vehicles24€7k€3k▼
Current assets29/58€14k€22k▲
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40€2k€2k▲
Other amounts receivable41-€670
Cash at bank and in hand54/58€9k€16k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.06M▼
Equity10/15€47k€-2k▼
Contributions10/11€19k€19k=
Revaluation surpluses12€214k€214k=
Profit (loss) carried forward14€-185k€-235k▼
Provisions and deferred taxes16€287k€279k▼
Provisions for liabilities and charges160/5€287k€279k▼
Environmental obligations163€287k€101k▼
Other liabilities and charges164/5-€178k
Amounts payable17/49€763k€786k▲
Amounts payable after more than one year17€709k€729k▲
Financial debts170/4€269k€229k▼
Other amounts payable178/9€440k€500k▲
Amounts payable within one year42/48€53k€57k▲
Current portion of amounts payable after more than one year42€40k€41k▲
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€259€177▼
Taxes450/3€259€177▼
Other amounts payable47/48€8k€10k▲
Accrued charges and deferred income492/3€793€846▲
Income statement
Code20252026
Non-recurring operating income76A€7k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€42k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-6k€-8k▼
Other operating charges640/8€5k€5k▼
Gross operating margin9900€53k€19k▼
Operating profit (loss)9901€13k€-20k▼
Financial income75/76B€2€10▲
Recurring financial income75€2€10▲
Financial charges65/66B€30k€29k▼
Recurring financial charges65€30k€29k▼
Profit (loss) for the period before taxes9903€-17k€-49k▼
Income taxes67/77€175€177▲
Profit (loss) for the period9904€-17k€-50k▼
Profit (loss) for the period to be appropriated9905€-17k€-50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-185k€-235k▼
Profit (loss) brought forward from the previous period14P€-168k€-185k▼
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 2027, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wavre · 1 establishment unit since 2007
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.
Rue Arthur Hardy 851300 WavreGround area
8,205 m²
Building footprint
206 m²
Volume, LiDAR
1,266 m³
Parcel 25055D0544/00H004, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AD'OR
since 20072.165.362.078
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25055D0544/00H004 | Wallonia | 8,205 m² | 1 · 206 m² | 9.4 m · 2 fl. |
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.
Similar companies · same sector, comparable size
MAISONS DE VACANCES
BE 0461.683.772
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Deveen Invest
BE 0836.967.468
Brugge · Eq €47k
Insolita
BE 0739.861.065
Geel · Eq €47k
HYWAVETEC
BE 0880.820.277
Tielt-Winge · Eq €47k
ARDENNES EXCLUSIVE
BE 0782.425.061
Manhay · Eq €48k
Of 3,000 companies in sector 55203 we hold annual accounts for 690. 498 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-09-2007
Fiscal year end31-03
Activities, NACEBEL
55203Holiday cottages, homes and apartments
74142
55204Guest rooms (bed and breakfast)
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
70200Business and other management consultancy
70220Business consulting
70322
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.