AD VALORIS
ActiveSummary
AD VALORIS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,735 and a net result of €4,372. Equity is shrinking by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 7859 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+86
Solvency97▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 3.45 against 7.54 in 2024; short-term debt: 28.4% and cash: 52.4% of total assets), and 28.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-12-2025, 50 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
50 d early
2024
32 d early
2023
35 d early
2022
35 d early
2021
on the day
2020
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 27 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€22,735▲ 4.5%
2024 · €21,763
Total assets
€31,774▲ 27.8%
2024 · €24,859
Net result
€4,372
2024 · -€10,687
Working capital
€22,132▲ 9.4%
2024 · €20,237
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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€43,528▲ 144%-€12,660-€7,964▲ 37.1%-€10,537▼ 32.3%€4,518
Net result€33,193within the sector's middle half▲ 136%-€12,632below the sector's middle half-€8,192below the sector's middle half▲ 35.1%-€10,687below the sector's middle half▼ 30.5%€4,372within the sector's middle half
Equity€53,274within the sector's middle half▲ 188%€40,642within the sector's middle half▼ 23.7%€32,450within the sector's middle half▼ 20.2%€21,763within the sector's middle half▼ 32.9%€22,735within the sector's middle half▲ 4.5%
Total assets€72,524within the sector's middle half▲ 181%€43,285below the sector's middle half▼ 40.3%€39,731below the sector's middle half▼ 8.2%€24,859below the sector's middle half▼ 37.4%€31,774below the sector's middle half▲ 27.8%
Debt€19,250▲ 162%€2,643▼ 86.3%€7,281▲ 175%€3,096▼ 57.5%€9,039▲ 192%
Working capital€42,827within the sector's middle half▲ 124%€30,438within the sector's middle half▼ 28.9%€25,985within the sector's middle half▼ 14.6%€20,237within the sector's middle half▼ 22.1%€22,132within the sector's middle half▲ 9.4%
Solvency73.5%above the sector's middle half▲ 1.9pp93.9%above the sector's middle half▲ 20.4pp81.7%above the sector's middle half▼ 12.2pp87.5%above the sector's middle half▲ 5.9pp71.6%within the sector's middle half▼ 16.0pp
Current ratio3.22within the sector's middle half▼ 0.6412.52above the sector's middle half▲ 9.294.57above the sector's middle half▼ 7.957.54above the sector's middle half▲ 2.973.45within the sector's middle half▼ 4.09
Return on assets (ROA)45.8%above the sector's middle half▼ 8.8pp-29.2%below the sector's middle half▼ 75.0pp-20.6%below the sector's middle half▲ 8.6pp-43.0%below the sector's middle half▼ 22.4pp13.8%within the sector's middle half▲ 56.8pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4,518 after a loss of €10,537 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31,774
Fixed assets
€603 ▼ 60.5%
Current assets
€31,171 ▲ 33.6%
Equity and liabilities €31,774
Equity
€22,735 ▲ 4.5%
Debt
€9,039 ▲ 192%
Debt's share of the balance-sheet total rises from 12.5% to 28.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5,441▲
2024 · -€5,598
Cash flow
€5,295▲
2024 · -€5,748
Debt to equity
0.40▲
2024 · 0.14
ROE
19.2%▲
2024 · -49.1%
Interest coverage
37.27▲
2024 · -37.32
Debt ≤ 1 year
€9,039▲
2024 · €3,096
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €853 | €4,883 | €5,214 | €4,939 | €923 | ▼ 81.3% |
| Other operating charges640/8 | - | €347 | - | - | €387 | - |
| Non-recurring operating charges66A | - | - | €449 | €385 | - | - |
| Gross operating margin9900 | €44,728 | -€7,430 | -€2,301 | -€5,213 | €5,828 | ▲ 212% |
| Operating profit (loss)9901 | €43,528 | -€12,660 | -€7,964 | -€10,537 | €4,518 | ▲ 143% |
| Financial income75/76B | - | - | €6 | - | - | - |
| Recurring financial income75 | - | - | €6 | - | - | - |
| Financial charges65/66B | - | €112 | €234 | €150 | €146 | ▼ 2.7% |
| Recurring financial charges65 | €111 | €112 | €234 | €150 | €146 | ▼ 2.7% |
| Profit (loss) for the period before taxes9903 | €43,417 | -€12,772 | -€8,192 | -€10,687 | €4,372 | ▲ 141% |
| Income taxes67/77 | €10,224 | -€140 | - | - | - | - |
| Profit (loss) for the period9904 | €33,193 | -€12,632 | -€8,192 | -€10,687 | €4,372 | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €33,193 | -€12,632 | -€8,192 | -€10,687 | €4,372 | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,524 | €43,285 | €39,731 | €24,859 | €31,774 | ▲ 27.8% |
| Fixed assets21/28 | €10,447 | €10,204 | €6,465 | €1,526 | €603 | ▼ 60.5% |
| Intangible fixed assets21 | €8,397 | €8,834 | €5,875 | €1,313 | €490 | ▼ 62.7% |
| Tangible fixed assets22/27 | €2,050 | €1,270 | €490 | €113 | €13 | ▼ 88.5% |
| Plant, machinery and equipment23 | - | €957 | €277 | - | - | - |
| Furniture and vehicles24 | - | €313 | €213 | €113 | €13 | ▼ 88.5% |
| Financial fixed assets28 | - | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €62,077 | €33,081 | €33,266 | €23,333 | €31,171 | ▲ 33.6% |
| Amounts receivable within one year40/41 | €10,460 | €21,558 | €18,451 | €17,871 | €14,489 | ▼ 18.9% |
| Trade receivables40 | - | €14,097 | €14,820 | €17,854 | €9,122 | ▼ 48.9% |
| Other amounts receivable41 | - | €7,461 | €3,631 | €17 | €5,367 | ▲ 31,471% |
| Cash at bank and in hand54/58 | €51,575 | €11,480 | €14,771 | €5,418 | €16,638 | ▲ 207% |
| Deferred charges and accrued income490/1 | - | €43 | €44 | €44 | €44 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,524 | €43,285 | €39,731 | €24,859 | €31,774 | ▲ 27.8% |
| Equity10/15 | €53,274 | €40,642 | €32,450 | €21,763 | €22,735 | ▲ 4.5% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Capital10 | - | €6,000 | - | - | - | - |
| Issued capital100 | - | €6,000 | - | - | - | - |
| Profit (loss) carried forward14 | €47,274 | €34,642 | €26,450 | €15,763 | €16,735 | ▲ 6.2% |
| Amounts payable17/49 | €19,250 | €2,643 | €7,281 | €3,096 | €9,039 | ▲ 192% |
| Amounts payable within one year42/48 | €19,250 | €2,643 | €7,281 | €3,096 | €9,039 | ▲ 192% |
| Trade debts44 | €4,895 | €1,411 | €4,296 | €584 | €2,385 | ▲ 308% |
| Suppliers440/4 | - | €1,411 | €4,296 | €584 | €2,385 | ▲ 308% |
| Taxes, remuneration and social security45 | - | €1,232 | €2,985 | €2,512 | €3,254 | ▲ 29.5% |
| Taxes450/3 | - | €1,232 | €2,985 | €2,512 | €3,254 | ▲ 29.5% |
| Other amounts payable47/48 | - | - | - | - | €3,400 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,193 | -€12,632 | -€8,192 | -€10,687 | €4,372 | ▲ 141% |
| + Depreciation and write-downs630 | €853 | €4,883 | €5,214 | €4,939 | €923 | ▼ 81.3% |
| Operating cash flow (approximation) | €34,046 | -€7,749 | -€2,978 | -€5,748 | €5,295 | ▲ 192% |
| Investment in fixed assets (approximation) | - | -€4,640 | -€1,475 | €0 | €0 | - |
| Change in cash | - | -€40,095 | €3,291 | -€9,353 | €11,220 | ▲ 220% |
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
15-09
State Gazette act
Reappointment: Paul Franck (director)2 facts ▸
State Gazette act
Reappointment: Paul Franck (director)
2 facts ▸
- General meeting, 04-09-2026
- Director reappointment, Paul Franck (director)
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €4,372
Net result €4,372 after 3 loss-making years.
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
27-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet -€12,632
Net result drops to -€12,632, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity quadruplescurrent ratio 12.52
Current ratio from 3.22 to 12.52; short-term debt falls from €19,250 to €2,643.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2020net €33,193 ▲136%
Operating result €43,528, net result €33,193, both a record.
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Paul Franck
CurrentDirector · since 04-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2019
Ground area
346 m²
Building footprint
59 m²
Volume, LiDAR
457 m³
Parcel 92021A0392/00_000, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AD VALORIS
since 20192.290.804.854
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92021A0392/00_000 | Wallonia | 346 m² | 1 · 59 m² | 10.0 m · 3 fl. |
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.
Mandate history
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Paul Franck |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
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Shareholding
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Of 24,516 companies in sector 82990 we hold annual accounts for 9,420. 6,011 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-06-2019
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
73110Advertising agencies
81300Landscape service activities
82100Office administrative and support services
Contact
Website
www.advaloris.be
E-mail
pierre@advaloris.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728909963
Also
9925:BE0728909963
Registered
20-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.