AD SPORTSCARS
ActiveAD SPORTSCARS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €681k and a net result of €190k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78=
Solvency52▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.75 against 5.55 in 2023; short-term debt: 21.4% and cash: 19% of total assets), but 72.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 31-07-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
37 d early
2022
11 d early
2021
18 d early
2020
27 d late
2019
7 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€681k▲ 38.6%
2023 · €491k
2018: €-5k
2019: €12k
2020: €-60k
2021: €-41k
2022: €-35k
2023: €491k
2018 → 2024
Total assets
€2.49M▲ 47.7%
2023 · €1.68M
2018: €1.20M
2019: €1.41M
2020: €1.38M
2021: €1.80M
2022: €2.17M
2023: €1.68M
2018 → 2024
Net result
€190k▲ 50.0%
2023 · €127k
2018: €-18k
2019: €16k
2020: €-71k
2021: €19k
2022: €6k
2023: €127k
2018 → 2024
Working capital
€927k▲ 7.1%
2023 · €866k
2018: €639k
2019: €525k
2020: €424k
2021: €418k
2022: €466k
2023: €866k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-60k-€-41k▲ 31.6%€-35k▲ 14.0%€491k€681k▲ 38.6%
Operating result€-60k-€31k€20k▼ 36.6%€165k▲ 734%€321k▲ 94.0%
Net result€-71k-€19k€6k▼ 69.6%€127k▲ 2,104%€190k▲ 50.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 94% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.49M
Fixed assets
€1.03M▲ 63.8%
Current assets
€1.46M▲ 38.1%
Equity and liabilities €2.49M
Equity
€681k▲ 38.6%
Provisions
€48k
Debt
€1.76M▲ 47.4%
The debt ratio falls from 70.8% to 70.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€363k▲
2023 · €234k
Cash flow
€232k▲
2023 · €195k
Solvency
27.4%▼
2023 · 29.2%
Current ratio
2.75▼
2023 · 5.55
Quick ratio
1.17▼
2023 · 1.44
Debt / equity
2.58▲
2023 · 2.43
ROE
27.9%▲
2023 · 25.8%
ROA
7.6%▲
2023 · 7.5%
Interest coverage
6.23▼
2023 · 25.31
Debt
€1.76M▲
2023 · €1.19M
Debt ≤ 1 year
€531k▲
2023 · €190k
Debt > 1 year
€1.22M▲
2023 · €996k
Income taxes
€25k▼
2023 · €30k
Staff costs
€17k▼
2023 · €18k
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€1.68M€2.49M▲
Fixed assets21/28€627k€1.03M▲
Tangible fixed assets22/27€627k€1.03M▲
Land and buildings22€609k€1.00M▲
Plant, machinery and equipment23€3k€11k▲
Furniture and vehicles24€15k€14k▼
Current assets29/58€1.06M€1.46M▲
Amounts receivable after more than one year29-€100k
Other amounts receivable291-€100k
Stocks and contracts in progress3€782k€836k▲
Stocks30/36€782k€836k▲
Amounts receivable within one year40/41€51k€49k▼
Trade receivables40€6k-
Other amounts receivable41€45k€49k▲
Cash at bank and in hand54/58€190k€473k▲
Deferred charges and accrued income490/1€33k€646▼
Equity and liabilities
Total equity and liabilities10/49€1.68M€2.49M▲
Equity10/15€491k€681k▲
Contributions10/11€420k€420k=
Outside capital11€420k-
Share premium1100/10€420k-
Reserves13-€261k
Tax-exempt reserves132-€144k
Distributable reserves133-€117k
Profit (loss) carried forward14€71k-
Provisions and deferred taxes16-€48k
Deferred taxes168-€48k
Amounts payable17/49€1.19M€1.76M▲
Amounts payable after more than one year17€996k€1.22M▲
Financial debts170/4€376k€602k▲
Other amounts payable178/9€620k€623k▲
Amounts payable within one year42/48€190k€531k▲
Current portion of amounts payable after more than one year42€45k€52k▲
Trade debts44€3k€99k▲
Suppliers440/4€3k€99k▲
Advances received on contracts in progress46€90k-
Taxes, remuneration and social security45€52k€51k▼
Taxes450/3€48k€47k▼
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48-€330k
Accrued charges and deferred income492/3€5k-
Income statement
Code20232024
Non-recurring operating income76A-€196k
Remuneration, social security and pensions62€18k€17k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€42k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€255k€382k▲
Operating profit (loss)9901€165k€321k▲
Financial income75/76B€700€1k▲
Recurring financial income75€700€16▼
Non-recurring financial income76B€700€1k▲
Financial charges65/66B€9k€59k▲
Recurring financial charges65€9k€58k▲
Non-recurring financial charges66B€10€534▲
Profit (loss) for the period before taxes9903€157k€263k▲
Transfer from deferred taxes780-€1k
Transfer to deferred taxes680-€49k
Income taxes67/77€30k€25k▼
Profit (loss) for the period9904€127k€190k▲
Transfer from tax-exempt reserves789-€3k
Transfer to tax-exempt reserves689-€147k
Profit (loss) for the period to be appropriated9905€127k€46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€117k▲
Profit (loss) brought forward from the previous period14P€-55k€71k▲
Transfer to equity691/2-€117k
To other reserves6921-€117k
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €190k ▲50%
Operating result €321k, net result €190k, both a record.
31-12
Financial
Equity above €500kEq €681k ▲38.6%
4 profitable years in a row build equity to €681k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 5.55
Current ratio from 1.46 to 5.55; short-term debt falls from €1.02M to €190k.
31-12
Financial
Equity above €200kEq €491k
3 profitable years in a row build equity to €491k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-71k ▼534%
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 13 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
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, Zaventem · 2 establishment units since 2016
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.
Sint-Martinusweg 1891930 ZaventemGround area
2.0 ha
Building footprint
6,420 m²
Volume, LiDAR
22,405 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
AD Sportscars
since 20162.301.063.395
Sint-Martinusweg 195 D, 1930 Zaventem
since 20252.373.177.353
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772B0092/00A000 | Flanders | 1.1 ha | 1 · 3,464 m² | 8.1 m · 2 fl. |
| 23772B0094/00M000 | Flanders | 9,398 m² | 1 · 2,956 m² | - |
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.
Similar companies · same sector, comparable size
LCF INVEST
BE 0431.072.750
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GARAGE COOLS
BE 0433.139.444
Balen · Eq €681k
EMPET
BE 0645.648.529
Maasmechelen · Eq €682k
DAMS CARS
BE 0464.767.976
Geel · Eq €680k
Leën Automotives
BE 0533.850.980
Tongeren-Borgloon · Eq €680k
Of 10,672 companies in sector 47811 we hold annual accounts for 5,222. 3,250 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-04-2015
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@adsportscars.com