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AD REM MANAGEMENT

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KBO/BCE: BE 0809.913.970
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age17 yrs
Board1
Connections5
Real estate1 parcel · 1,803 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of AD REM MANAGEMENT is 0.1% (very low). The 2024 annual accounts show equity of €781k and a net result of €144k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 74% of 12464 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

1 signal · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 02-06-2025 59 d early 2025-00113026
31-12-2023 31-07-2024 29-05-2024 63 d early 2024-00099602
31-12-2022 31-07-2023 28-06-2023 33 d early 2023-00167088
31-12-2021 31-07-2022 06-07-2022 25 d early 2022-20141944
31-12-2020 31-07-2021 24-06-2021 37 d early 2021-25900045
31-12-2019 31-07-2020 24-06-2020 37 d early 2020-19600580
31-12-2018 31-07-2019 27-06-2019 34 d early 2019-23000522
31-12-2017 31-07-2018 25-06-2018 36 d early 2018-23800172
31-12-2016 31-07-2017 31-08-2017 31 d late 2017-52400170
31-12-2015 31-07-2016 28-06-2016 33 d early 2016-22500460

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Established
Founded in 2009, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.1% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€144k+4.1%
Working capital€705k-7.9%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 02-06-2025 with the NBB · fiscal year 2024 · micro
€-200k€0€200k€400k€600kOperating result 2019: €311k€311kNet result 2019: €283k€283kOperating result 2020: €508k€508kNet result 2020: €423k€423kOperating result 2022: €-33k€-33kNet result 2022: €-22k€-22kOperating result 2023: €178k€178kNet result 2023: €138k€138kOperating result 2024: €198k€198kNet result 2024: €144k€144k20192020202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~4%/year over 5 fiscal years, indicative, assuming unchanged policy.
€600k€700k€800k€900k€1.00M2025: €765k (€703k - €828k)2026: €734k (€672k - €797k)2027: €705k (€640k - €770k)2019: €909k2020: €989k2022: €865k2023: €845k2024: €781k20192020202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 76.3% 60.6%
better than 74% of 12464 sector peers
Net result €144k €31k
better than 94% of 12466 sector peers
Equity €781k €63k
better than 95% of 12472 sector peers
Gross operating margin €208k €52k
better than 94% of 12452 sector peers
Total assets €1.02M €124k
better than 95% of 12465 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P74
2020: P80 · n=13712022: P95 · n=68462023: P86 · n=100762024: P74 · n=124642020 2024
Weakening position over 2020-2024 · n=1371-12464
Net result P94
2020: P95 · n=13712022: P5 · n=68452023: P94 · n=100702024: P94 · n=124662020 2024
Stable position over 2020-2024 · n=1371-12466
Equity P95
2020: P95 · n=13732022: P95 · n=68542023: P95 · n=100832024: P95 · n=124722020 2024
Stable position over 2020-2024 · n=1373-12472
Gross operating margin P94
2020: P95 · n=13692022: P5 · n=68332023: P95 · n=100562024: P94 · n=124522020 2024
Stable position over 2020-2024 · n=1369-12452
Describes the position versus peers, not a forecast.
EBITDA
€206k
+1.1% 19-24
Net profit
€144k
+4.1% 19-24
Cash flow
€151k
-7.4% 19-24
Total assets
€1.02M
-0.9% 19-24
Equity
€781k
-7.6% 19-24
Working capital
€705k
-7.9% 19-24
Income taxes
€62k
+26.1% 19-24
Dividends
€208k
+31.6% 19-24
Debt
€242k
+29.6% 19-24
Debt ≤ 1y
€239k
+29.7% 19-24
Current ratio
3.95
-23.4% 19-24
Quick ratio
3.95
-23.4% 19-24
Solvency
76.3%
-6.8% 19-24
Debt / equity
0.31
+40.3% 19-24
ROE
18.4%
+12.7% 19-24
ROA
14.0%
+5.0% 19-24
Interest coverage
6116.24
+658.1% 19-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€206k
Net profit€144k
Cash flow€151k
Staff costs-
Income taxes€62k
Dividends€208k
Total assets€1.02M
Equity€781k
Debt€242k
of which ≤ 1y€239k
of which > 1y-
Working capital€705k
Employees (FTE)-
Ratios (computed)
2024
Current ratio3.95
Quick ratio3.95
Working capital ratio69.0%
Solvency76.3%
Debt / equity0.31
Long-term debt ratio-
Interest coverage6116.24
Gross margin-
Net margin-
ROA14.0%
ROE18.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.02M
Fixed assets 21/28€78k
Tangible fixed assets 22/27€17k
Financial fixed assets 28€61k
Current assets 29/58€945k
Amounts receivable within one year 40/41€108k
Investments 50/53€667k
Cash & bank 54/58€168k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.02M
Equity 10/15€781k
Contributions / capital 10/11€12k
Reserves 13€715k
Accumulated profits (losses) 14€54k
Amounts payable 17/49€242k
Amounts payable within one year 42/48€239k
Trade debts payable within one year 44€2k
Income statement
Gross operating margin 9900€208k
Operating result 9901€198k
Financial income 75€8k
Financial charges 65€34
Result before taxes 9903€206k
Income taxes 67/77€62k
Net result for the period 9904€144k
Result to be appropriated 9905€144k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
98 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

1 director
Current directors & mandates
  • GRYPDONCK Peter
    Director
    State Gazette act 24345515 (29-01-2024)
    Current
    29-01-2024 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200)
Legal form Private limited company(610)
Incorporation19-02-2009
StatusActive
Postal code1741

Structure & network

Connections & network

5 connected companies
CLAES RETAIL GROUP, We sit on their board CRCLAES RETAILGROUPOrac Holding, We sit on their board OHOrac HoldingPITTIG, We sit on their board PPITTIGT.C.R. BELGIUM, We sit on their board TBT.C.R. BELGIUMTCR INTERNATIONAL, We sit on their board TITCRINTERNATIONALAD REM MANAGEMENT AD REMMANAGEMENT0809.913.970
Group structure
Group structure
CLAES RETAIL GROUP
We sit on their board · 6 subsidiaries · 2 locations
→
Orac Holding
We sit on their board · 1 subsidiary · 1 location
→
PITTIG
We sit on their board · 1 location
→
T.C.R. BELGIUM
We sit on their board · 2 locations
→
TCR INTERNATIONAL
We sit on their board · 1 location
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

5 parties
AD REM MANAGEMENTBE 0809.913.970
controls
Where this company holds controlthis company sits on their board5
CLAES RETAIL GROUP
6 subsidiaries · 2 locations
Orac Holding
1 subsidiary · 1 location
T.C.R. BELGIUM
2 locations
PITTIG
1 location
TCR INTERNATIONAL
1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

1 location
Ad Rem Management
Fossebaan 179, 1741 TernatHandelsbemiddeling in machines en uitrusting voor de dienstverlenende sector
since 20092.176.412.655
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,803 m²
Buildings1
Building footprint186 m²
Volume (LiDAR)1,147 m³
Tallest building9.2 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23091C0493/00R000 Flanders 1,803 m² 1 · 186 m² 9.2 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts
Capital history · 1
30-07-2025
Capital: currency: EUR, total_shares: 2500
All acts · 2 updated 1 year ago
2025
30-07-2025 Act object · General meeting · Officer resignation · Officer appointment Open-capture extraction
  • Publication: 30/07/2025
  • Filing: 23/07/2025
  • Act object: Benoeming/onstlag bestuurders
  • General meeting: 10/07/2025
  • Officer resignation: role: bestuurder, end_date: 2025-04-10 · Yuliya Sakovska
  • Officer appointment: role: bestuurder, start_date: 2025-04-10 · AD REM Management BV
  • Mandate compensation: niet bezoldigd · AD REM Management BV
  • Mandate term: einde mandaat op de datum van de algemene vergadering van de aandeelhouders met betrekking tot het boekjaar eindigend op 30 juni 2030 · AD REM Management BV
  • Filing representative: vertegenwoordigd door Amaud Dewit · ERD Consult
  • Shareholding: shares: 2499 · TRAILER CONSTRUCTION & REPAIRING NEDERLAND (TCR) B.V.
  • Shareholding: shares: 1 · T.C.R. INTERNATIONAL NV
  • Capital: currency: EUR, total_shares: 2500 · TCR Belgium
  • Filing court: Nederlandstalige ondernemingsrechtbank Brussel
Summary: Act object · General meeting · Officer resignation · Officer appointment
2024
29-01-2024 GRYPDONCK Peter appointed as director Director changes·Nicolas Moyersoen
  • GRYPDONCK Peter, Bestuurder
Notary: Nicolas Moyersoen · Aalst

Analysis

Snowflake analysis

financial profile on 5 axes
Health98Profitability92Solvency100Growth32Stability100
84 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 98
Profitability 92
Solvency 100
Growth 32
Stability 100

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 15,318 of the 81,985 companies in this sector. 7,009 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
Legal nameNL AD REM MANAGEMENT
Registered office
Fossebaan 179
1741 Ternat, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.