AD & RACE
ActiveAD & RACE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €79k and a net result of €47k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 22% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▲+20
Solvency53▼-4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.21 in 2023; short-term debt: 38.9% and cash: 14.3% of total assets), and 71.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
28.3%
Return on assets
16.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 20785 sector peers (2024).
NBB · sector comparisonPosition among 20785 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
68 d late
2022
70 d late
2021
26 d early
2020
18 d early
2019
82 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€79k▼ 0.4%
2023 · €80k
2018: €21k
2019: €53k
2020: €63k
2021: €64k
2022: €93k
2023: €80k
2018 → 2024
Total assets
€281k▲ 13.3%
2023 · €248k
2018: €263k
2019: €222k
2020: €193k
2021: €142k
2022: €306k
2023: €248k
2018 → 2024
Net result
€47k▲ 2,180%
2023 · €2k
2018: €2k
2019: €32k
2020: €10k
2021: €2k
2022: €54k
2023: €2k
2018 → 2024
Working capital
€19k▲ 76.2%
2023 · €11k
2018: €711
2019: €-20k
2020: €-7k
2021: €16k
2022: €16k
2023: €11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€63k-€64k▲ 2.8%€93k▲ 44.8%€80k▼ 14.5%€79k▼ 0.4%
Operating result€19k-€6k▼ 65.8%€70k▲ 992%€7k▼ 90.5%€62k▲ 828%
Net result€10k-€2k▼ 82.7%€54k▲ 2,998%€2k▼ 96.2%€47k▲ 2,180%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 828% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €281k
Fixed assets
€153k▼ 18.0%
Current assets
€128k▲ 109%
Equity and liabilities €281k
Equity
€79k▼ 0.4%
Debt
€201k▲ 19.8%
The debt ratio rises from 67.8% to 71.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€98k▲
2023 · €36k
Cash flow
€84k▲
2023 · €31k
Solvency
28.3%▼
2023 · 32.2%
Current ratio
1.17▼
2023 · 1.21
Quick ratio
1.17▼
2023 · 1.21
Debt / equity
2.53▲
2023 · 2.11
ROE
59.5%▲
2023 · 2.6%
ROA
16.8%▲
2023 · 0.8%
Interest coverage
34.98▲
2023 · 11.28
Debt
€201k▲
2023 · €168k
Debt ≤ 1 year
€109k▲
2023 · €51k
Debt > 1 year
€92k▼
2023 · €117k
Income taxes
€13k▲
2023 · €1k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€248k€281k▲
Fixed assets21/28€186k€153k▼
Tangible fixed assets22/27€186k€153k▼
Land and buildings22€97k€85k▼
Furniture and vehicles24€89k€68k▼
Financial fixed assets28€41€41=
Current assets29/58€61k€128k▲
Amounts receivable within one year40/41€31k€84k▲
Trade receivables40€31k€42k▲
Other amounts receivable41€420€42k▲
Cash at bank and in hand54/58€27k€40k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€248k€281k▲
Equity10/15€80k€79k▼
Contributions10/11€19k€19k=
Reserves13€36k€27k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€34k€25k▼
Profit (loss) carried forward14€25k€34k▲
Amounts payable17/49€168k€201k▲
Amounts payable after more than one year17€117k€92k▼
Financial debts170/4€117k€92k▼
Amounts payable within one year42/48€51k€109k▲
Current portion of amounts payable after more than one year42€25k€25k▲
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Taxes, remuneration and social security45€19k€39k▲
Taxes450/3€16k€36k▲
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€196€41k▲
Income statement
Code20232024
Non-recurring operating income76A€9k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€37k▲
Other operating charges640/8€2k€854▼
Non-recurring operating charges66A€21k€0▼
Gross operating margin9900€59k€99k▲
Operating profit (loss)9901€7k€62k▲
Financial income75/76B€3€2k▲
Recurring financial income75€3€2k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€3k€60k▲
Income taxes67/77€1k€13k▲
Profit (loss) for the period9904€2k€47k▲
Profit (loss) for the period to be appropriated9905€2k€47k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€72k▲
Profit (loss) brought forward from the previous period14P€39k€25k▼
Transfer from equity791/2-€9k
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€16k€48k▲
Return on contributions (dividend)694€16k€48k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Highest result since 2018net €54k ▲2998%
Operating result €70k, net result €54k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €2k ▼82.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Namur · 1 establishment unit since 2018
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.
Allée de Néris(WP) 215100 NamurGround area
8,746 m²
Building footprint
359 m²
Volume, LiDAR
1,954 m³
2 parcels, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AD & RACE
since 20182.271.126.722
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135B0420/00K000 | Wallonia | 7,747 m² | 1 · 232 m² | 7.5 m · 2 fl. |
| 25025C0045/00F006 | Wallonia | 999 m² | 1 · 127 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,395. 15,589 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-12-2017
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.
Contact details
2 entriesE-mail:frederic.monfort@gmail.com
Phone:0497527241