AD VITRAGE
ActiveThe computed 12-month bankruptcy probability of AD VITRAGE is 1.7% (moderate). The 2025 annual accounts show equity of €19k and a net result of €33k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 30% of 7431 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency50▲+49
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 0.76 in 2024; short-term debt: 75.5% of total assets), and 75.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-02-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
5 d late
2024
308 d late
2023
5 d late
2022
8 d late
2021
10 d late
2020
2 d early
2019
3 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k
2024 · €-15k
2019: €11k
2020: €24k
2021: €31k
2022: €31k
2023: €32k
2024: €-15k
2019 → 2025
Total assets
€76k▲ 22.5%
2024 · €62k
2019: €72k
2020: €99k
2021: €127k
2022: €103k
2023: €115k
2024: €62k
2019 → 2025
Net result
€33k
2024 · €-47k
2019: €5k
2020: €721
2021: €7k
2022: €278
2023: €612
2024: €-47k
2019 → 2025
Working capital
€15k
2024 · €-18k
2019: €3k
2020: €10k
2021: €24k
2022: €37k
2023: €32k
2024: €-18k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€31k-€31k▲ 0.9%€32k▲ 2.0%€-15k€19k
Operating result€12k-€4k▼ 68.8%€865▼ 76.4%€-45k€34k
Net result€7k-€278▼ 96.2%€612▲ 120%€-47k€33k
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: €34k after a loss of €45k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€3k▼ 1.3%
Current assets
€73k▲ 23.9%
Equity and liabilities €76k
Equity
€19k
Debt
€57k
Debt finances 75.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€34k▲
2024 · €-44k
Cash flow
€33k▲
2024 · €-46k
Solvency
24.5%▲
2024 · -23.8%
Current ratio
1.27▲
2024 · 0.76
Quick ratio
1.27▲
2024 · 0.70
Debt / equity
3.07▲
2024 · -5.21
ROE
179.1%
ROA
44.0%▲
2024 · -75.3%
Interest coverage
23.65▲
2024 · -20.56
Debt
€57k▼
2024 · €77k
Debt ≤ 1 year
€57k▼
2024 · €77k
Income taxes
€173▲
2024 · €137
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€62k€76k▲
Fixed assets21/28€3k€3k▼
Tangible fixed assets22/27€45-
Furniture and vehicles24€45-
Financial fixed assets28€3k€3k=
Current assets29/58€59k€73k▲
Stocks and contracts in progress3€5k-
Stocks30/36€5k-
Amounts receivable within one year40/41€53k€72k▲
Trade receivables40€31k€41k▲
Other amounts receivable41€23k€31k▲
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1€100€225▲
Equity and liabilities
Total equity and liabilities10/49€62k€76k▲
Equity10/15€-15k€19k▲
Contributions10/11€18k€18k=
Profit (loss) carried forward14€-33k€436▲
Amounts payable17/49€77k€57k▼
Amounts payable within one year42/48€77k€57k▼
Current portion of amounts payable after more than one year42€4k-
Financial debts43€4k€964▼
Credit institutions430/8€4k€964▼
Trade debts44€58k€49k▼
Suppliers440/4€58k€49k▼
Taxes, remuneration and social security45€11k€7k▼
Taxes450/3€11k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€447€45▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Other operating charges640/8€44k€844▼
Gross operating margin9900€-416€37k▲
Operating profit (loss)9901€-45k€34k▲
Financial income75/76B€339€785▲
Recurring financial income75€339€785▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-47k€34k▲
Income taxes67/77€137€173▲
Profit (loss) for the period9904€-47k€33k▲
Profit (loss) for the period to be appropriated9905€-47k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€436▲
Profit (loss) brought forward from the previous period14P€14k€-33k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 308 days late
30-06
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
2024
30-06
Financial
Weakest financial yearnet €-47k ▼7724%
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
08-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Elsene · 1 establishment unit since 2017
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.
Louizalaan 541050 ElseneGround area
1,625 m²
Building footprint
1,286 m²
Volume, LiDAR
34,999 m³
Parcel 21807G0001/00L000, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
AD VITRAGE
since 20172.286.438.468
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
BOUWBEDRIJF MOORS
BE 0473.753.443
Dessel · Eq €19k
VIK CONSTRUCT
BE 0769.437.553
Grimbergen · Eq €19k
IMW BUILDING
BE 0794.417.231
As · Eq €19k
BOUW EN COORDINATIEBUREAU G.L.
BE 0476.721.643
Gingelom · Eq €19k
LINCENT PRODUCTS
BE 0473.640.508
Oudergem · Eq €19k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 11,358 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2017
Fiscal year end30-06
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.