Turnover
≈ €110,000 estimated
The micro format states no turnover.
AD-VALUE
Lifetime
18 annual accounts with figures on one time axispeak €185,376 (2010)
€13,344▲ 760×
lowest -€25,797 (2012)
€12,634▲ 430%
peak €109,608 (2025)
€109,608▲ 13.0%
€7,314▲ 170%
peak 1.9 FTE (2011)
-not published
Board2 names since 2007
2 directorsDECOCK Alexander Rafael Anne-Marie and 1 other
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from €18 to €13,344Result from €2,382 to €12,634Reappointments: DECOCK Alexander Rafael Anne-Marie (director)… 17-12Equity from €96,974 to €109,608Debts from €2,704 to €7,314Cash from €200 to €2,000
Key points
from the 2025 annual accountsChecked score
87
Excellent
Financially stronger than 66% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%▼ -0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.2 percentage points vs 06-2025
08-2025: 1.2%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 0.5%▼ -0.7 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.6 percentage points vs 07-2026
09-2026: 0.3%▼ -0.8 percentage points vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €172,069
Liquidity: current ratio 23.32, cash €2,000
lowers risk
Founded in 2007
Figures for financial year 2025 (filed on 27-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 70% of them on solvency, 56% on liquidity, 69% on profitability and 69% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as AD-VALUE has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of AD-VALUE itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for AD-VALUE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 23.32 (56.7 in 2024), above the usual 1.5. Short-term debt is 4.3% and cash 1.2% of total assets. 36.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
12 days late
2023
23 days late
2022
30 days late
2021
16 days early
2020
9 days late
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Reappointments: DECOCK Alexander Rafael Anne-Marie (director) and LAUWERS Daniëlle (director)
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0889806239
New establishment in Keerbergen
Nieuwstraat 25
Incorporation
published on 12-06-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AD-VALUE Brussels | €172,069 | €13,344 | 63.7% | - |
| DINAU Liège | €175,371 | €13,200 | 73.2% | - |
| STEVE & SKY Deinze | €133,945 | €18,663 | 85.4% | - |
| Mimetto Hasselt | €179,221 | €22,600 | 12.0% | - |
| Acolori Hoogstraten | €240,219 | €21,613 | -22.2% | - |
| AMITEXCON Ghent | €120,842 | €20,685 | 24.2% | - |
| BLUE GLORY Brussels | €170,194 | €26,422 | 88.2% | - |
These companies have the same main activity as AD-VALUE: agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160). They are comparable in size and age: total assets between €121,000 and €240,000, founded between 2005 and 2008.
Official details
Source: KBO- Status
- Active since 04-06-2007Normal situation
- Registered office
- 112 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Agents in the wholesale of textiles, clothing, fur, footwear and leather goodsNACE 46160and 2 others
- Establishment units
- 2.162.934.4071020 Brussels, since 04-06-2007
- 2.181.808.1323140 Keerbergen, since 22-07-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Insights on AD-VALUE
AD-VALUE files the micro format. That format states no turnover. The gross margin fell from €91,412 in 2008 to €13,344 in 2025.
The balance sheet grew most in 2015 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AD-VALUE
- What is the company number of AD-VALUE?
- The company number of AD-VALUE is 0889.806.239. The VAT number is the same number with BE in front: BE 0889.806.239.
- Where is AD-VALUE based?
- The registered office is at Atomiumsquare 1, 1020 Brussels.Company details
- What does AD-VALUE do?
- According to the KBO register, the main activity is agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160).
- What is the legal form of AD-VALUE?
- AD-VALUE is a private limited company (BV).
- When was AD-VALUE founded?
- AD-VALUE was founded on 04-06-2007.
- Is AD-VALUE still active?
- Yes, AD-VALUE is an active enterprise in the KBO register.
- What is the turnover of AD-VALUE?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €13,344 and 71 comparable companies (NACE 461). It probably lies between €52,000 and €210,000. It is a rough estimate.Financials
- Is AD-VALUE profitable?
- In financial year 2025, AD-VALUE made a profit of €12,634.
- Where can I find the annual accounts of AD-VALUE?
- AD-VALUE filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AD-VALUE due?
- AD-VALUE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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