AD TIM
ActiveSummary
AD TIM has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €142,556 and a net result of -€78,510. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 4209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-7
Solvency37▼-25
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.89 against 2.68 in 2024; short-term debt: 52.8% and cash: 97.4% of total assets), but 88.3% of the assets are financed with debt.
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Signals
Seven 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 · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€78,510
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4209 sector peers (2025).
NBB · sector comparisonPosition among 4209 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
13 d early
2023
30 d late
2022
18 d early
2021
1 d late
2020
4 d late
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#7 oldest company in Chaumont-Gistoux, Wholesale and retail trade sector#8 company by total assets in Chaumont-Gistoux, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€78,510▼ 514%
2024 · -€12,784
Working capital
€573,688▼ 44.5%
2024 · €1.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€9,104-€245,819▼ 2,600%€233,876-€25,285-€85,251▼ 237%
Net result-€37,298below the sector's middle half▼ 2,411%€349,126above the sector's middle half€152,866above the sector's middle half▼ 56.2%-€12,784below the sector's middle half-€78,510below the sector's middle half▼ 514%
Equity€113,683within the sector's middle half▼ 24.7%€462,809within the sector's middle half▲ 307%€615,675within the sector's middle half▲ 33.0%€602,891within the sector's middle half▼ 2.1%€142,556within the sector's middle half▼ 76.4%
Total assets€2.0mwithin the sector's middle half▼ 20.6%€2.3mabove the sector's middle half▲ 14.3%€2.0mwithin the sector's middle half▼ 10.8%€1.6mwithin the sector's middle half▼ 18.8%€1.2mwithin the sector's middle half▼ 26.2%
Debt€1.9m▼ 20.3%€1.8m▼ 3.4%€1.4m▼ 22.0%€1.0m▼ 26.1%€1.1m▲ 2.7%
Working capital-€324,817▲ 2.6%€244,138€1.1m▲ 360%€1.0m▼ 8.0%€573,688▼ 44.5%
Solvency5.7%below the sector's middle half▼ 0.3pp20.3%within the sector's middle half▲ 14.6pp30.3%within the sector's middle half▲ 10.0pp36.6%within the sector's middle half▲ 6.2pp11.7%below the sector's middle half▼ 24.8pp
Staff (FTE)17.8above the sector's middle half5.3within the sector's middle half▼ 70.2%62,496above the sector's middle half▲ 1,179,070%21,599.4above the sector's middle half▼ 65.4%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €85,251 in 2025 against €25,285 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€429 ▼ 56.3%
Current assets
€1.2m ▼ 26.2%
Equity and liabilities €1.2m
Equity
€142,556 ▼ 76.4%
Debt
€1.1m ▲ 2.7%
Debt's share of the balance-sheet total rises from 63.4% to 88.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€84,698▼
2024 · -€19,499
Cash flow
-€77,956▼
2024 · -€6,998
Current ratio
1.89▼
2024 · 2.68
Debt to equity
7.54▲
2024 · 1.74
ROE
-55.1%▼
2024 · -2.1%
ROA
-6.5%▼
2024 · -0.8%
Interest coverage
-24.06▼
2024 · -4.20
Debt ≤ 1 year
€642,688▲
2024 · €614,917
Income taxes
€3,324▲
2024 · €2,369
Staff costs
€21,599▼
2024 · €62,496
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 138 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 96% are still going.
- Large
- solvency 10 to 30%
- a small loss
- without age
2.2%
went bankrupt
2.2%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 138 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €692,014 | €671,467 | €382,857 | €62,496 | €21,599 | ▼ 65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €171,222 | €164,386 | €8,940 | €5,786 | €554 | ▼ 90.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €620,245 | - | €3,963 | - |
| Other operating charges640/8 | €14,921 | €15,255 | €5,199 | €2,481 | €1,924 | ▼ 22.5% |
| Non-recurring operating charges66A | - | - | €725,239 | €986 | - | - |
| Gross operating margin9900 | €869,053 | €605,289 | €2.0m | €46,464 | -€57,212 | ▼ 223% |
| Operating profit (loss)9901 | -€9,104 | -€245,819 | €233,876 | -€25,285 | -€85,251 | ▼ 237% |
| Financial income75/76B | €3,337 | €625,735 | €1,413 | €19,518 | €13,585 | ▼ 30.4% |
| Recurring financial income75 | €639 | €4,423 | €1,413 | €19,518 | €13,585 | ▼ 30.4% |
| Non-recurring financial income76B | €2,698 | €621,313 | - | - | - | - |
| Financial charges65/66B | €30,784 | €29,227 | €38,019 | €4,648 | €3,520 | ▼ 24.3% |
| Recurring financial charges65 | €30,784 | €29,227 | €38,019 | €4,648 | €3,520 | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | -€36,551 | €350,689 | €197,269 | -€10,415 | -€75,186 | ▼ 622% |
| Income taxes67/77 | €747 | €1,563 | €44,403 | €2,369 | €3,324 | ▲ 40.3% |
| Profit (loss) for the period9904 | -€37,298 | €349,126 | €152,866 | -€12,784 | -€78,510 | ▼ 514% |
| Profit (loss) for the period to be appropriated9905 | -€37,298 | €349,126 | €152,866 | -€12,784 | -€78,510 | ▼ 514% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.3m | €2.0m | €1.6m | €1.2m | ▼ 26.2% |
| Fixed assets21/28 | €975,299 | €648,057 | €6,769 | €983 | €429 | ▼ 56.3% |
| Tangible fixed assets22/27 | €975,245 | €648,002 | €6,714 | €928 | €375 | ▼ 59.6% |
| Land and buildings22 | €168,087 | - | - | - | - | - |
| Plant, machinery and equipment23 | €779,483 | €631,241 | - | - | - | - |
| Furniture and vehicles24 | €27,675 | €16,762 | €6,714 | €928 | €375 | ▼ 59.6% |
| Financial fixed assets28 | €55 | €55 | €55 | €55 | €55 | = |
| Current assets29/58 | €1.0m | €1.6m | €2.0m | €1.6m | €1.2m | ▼ 26.2% |
| Stocks and contracts in progress3 | €534,801 | €589,763 | - | - | - | - |
| Stocks30/36 | €534,801 | €589,763 | - | - | - | - |
| Amounts receivable within one year40/41 | €143,526 | €239,541 | €50,824 | €30,759 | €25,420 | ▼ 17.4% |
| Trade receivables40 | €95,240 | €181,389 | €45,995 | €21,249 | €15,584 | ▼ 26.7% |
| Other amounts receivable41 | €48,286 | €58,153 | €4,829 | €9,510 | €9,836 | ▲ 3.4% |
| Cash at bank and in hand54/58 | €327,438 | €785,215 | €1.9m | €1.6m | €1.2m | ▼ 26.5% |
| Deferred charges and accrued income490/1 | €10,259 | €14,125 | €35,096 | €6,027 | €5,843 | ▼ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.3m | €2.0m | €1.6m | €1.2m | ▼ 26.2% |
| Equity10/15 | €113,683 | €462,809 | €615,675 | €602,891 | €142,556 | ▼ 76.4% |
| Contributions10/11 | €417,472 | €417,472 | €417,472 | €417,472 | €62,000 | ▼ 85.1% |
| Capital10 | €417,472 | €417,472 | €417,472 | €417,472 | €62,000 | ▼ 85.1% |
| Issued capital100 | €417,472 | €417,472 | €417,472 | €417,472 | €62,000 | ▼ 85.1% |
| Reserves13 | €37,370 | €37,370 | €190,236 | €190,236 | €163,883 | ▼ 13.9% |
| Non-distributable reserves130/1 | €37,370 | €37,370 | €37,370 | €37,370 | €6,200 | ▼ 83.4% |
| Legal reserve130 | €37,370 | €37,370 | €37,370 | €37,370 | €6,200 | ▼ 83.4% |
| Distributable reserves133 | - | - | €152,866 | €152,866 | €157,683 | ▲ 3.2% |
| Profit (loss) carried forward14 | -€341,159 | €7,967 | €7,967 | -€4,817 | -€83,327 | ▼ 1,630% |
| Amounts payable17/49 | €1.9m | €1.8m | €1.4m | €1.0m | €1.1m | ▲ 2.7% |
| Amounts payable after more than one year17 | €536,799 | €426,385 | - | - | - | - |
| Financial debts170/4 | €536,799 | €426,385 | - | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €1.4m | €901,195 | €614,917 | €642,688 | ▲ 4.5% |
| Current portion of amounts payable after more than one year42 | €111,526 | €110,413 | - | - | - | - |
| Financial debts43 | €45,111 | €45,132 | €15,398 | - | - | - |
| Credit institutions430/8 | €45,111 | €45,132 | €15,398 | - | - | - |
| Trade debts44 | €1.1m | €1.1m | €826,920 | €614,581 | €641,536 | ▲ 4.4% |
| Suppliers440/4 | €1.1m | €1.1m | €826,920 | €614,581 | €641,536 | ▲ 4.4% |
| Taxes, remuneration and social security45 | €71,340 | €76,741 | €44,194 | €336 | €1,152 | ▲ 243% |
| Taxes450/3 | €456 | €800 | €44,194 | €336 | €989 | ▲ 195% |
| Remuneration and social security454/9 | €70,884 | €75,941 | - | - | €163 | - |
| Other amounts payable47/48 | €58,056 | €15,918 | €14,682 | - | - | - |
| Accrued charges and deferred income492/3 | - | €3,000 | €514,138 | €431,561 | €431,561 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€37,298 | €349,126 | €152,866 | -€12,784 | -€78,510 | ▼ 514% |
| + Depreciation and write-downs630 | €171,222 | €164,386 | €8,940 | €5,786 | €554 | ▼ 90.4% |
| Operating cash flow (approximation) | €133,924 | €513,512 | €161,806 | -€6,998 | -€77,956 | ▼ 1,014% |
| Investment in fixed assets (approximation) | - | €162,856 | €632,348 | €0 | €0 | - |
| Change in cash | - | €457,778 | €1.2m | -€326,719 | -€426,487 | ▼ 30.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Equity above €500,000Eq €615,675 ▲33%
2 profitable years in a row build equity to €615,675.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €349,126
Net result €349,126 after 4 loss-making years.
31-12
Financial
Equity above €200,000Eq €462,809 ▲307%
Equity rises from €113,683 to €462,809.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
31-12
Financial
Weakest financial yearnet -€186,240
Net result drops to -€186,240, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Chaumont-Gistoux · 1 establishment unit since 1993
Ground area
8,131 m²
Building footprint
1,995 m²
Parcel 25018E0332/00A000, Wallonia. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
AD DELHAIZE
since 19932.064.770.407
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25018E0332/00A000 | Wallonia | 8,131 m² | 1 · 1,995 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,475 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-09-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47120Other non-specialised retail sale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450937558
Registered
16-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.