AD WEST
The computed 12-month bankruptcy probability of AD WEST is 9.3% (elevated). The 2025 annual accounts show negative equity (€-168k) and a net result of €-162k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 1080 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-168k |
| Net result | €-162k |
| Staff (FTE) | 18.9 |
| Better than sector | 15% |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -25.8% | 25.9% | |
| Net result | €-162k | €7k | |
| Equity | €-168k | €23k | |
| Gross operating margin | €300k | €64k | |
| Staff costs | €404k | €52k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €-104k |
| Net profit | €-162k |
| Cash flow | €-117k |
| Staff costs | €404k |
| Income taxes | - |
| Dividends | - |
| Total assets | €649k |
| Equity | €-168k |
| Debt | €817k |
| of which ≤ 1y | €692k |
| of which > 1y | €124k |
| Working capital | €-241k |
| Employees (FTE) | 18.9 |
| 2025 | |
|---|---|
| Current ratio | 0.65 |
| Quick ratio | 0.64 |
| Working capital ratio | -37.2% |
| Solvency | -25.8% |
| Debt / equity | -4.87 |
| Long-term debt ratio | -0.74 |
| Interest coverage | -5.70 |
| Gross margin | - |
| Net margin | - |
| ROA | -24.9% |
| ROE | 96.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €649k |
| Fixed assets | 21/28 | €198k |
| Formation expenses | 20 | €294 |
| Tangible fixed assets | 22/27 | €196k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €451k |
| Stocks & contracts in progress | 3 | €10k |
| Amounts receivable within one year | 40/41 | €371k |
| Cash & bank | 54/58 | €21k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €649k |
| Equity | 10/15 | €-168k |
| Contributions / capital | 10/11 | €30k |
| Accumulated profits (losses) | 14 | €-198k |
| Amounts payable | 17/49 | €817k |
| Amounts payable after one year | 17 | €124k |
| Amounts payable within one year | 42/48 | €692k |
| Trade debts payable within one year | 44 | €380k |
| Income statement | ||
| Gross operating margin | 9900 | €300k |
| Operating result | 9901 | €-149k |
| Financial income | 75 | €6k |
| Financial charges | 65 | €18k |
| Result before taxes | 9903 | €-162k |
| Net result for the period | 9904 | €-162k |
| Result to be appropriated | 9905 | €-162k |
| NACE primary | Food & beverage service(56112) |
| Legal form | Private limited company(610) |
| Incorporation | 05-08-2021 |
| Status | Active |
| Postal code | 1070 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0250/00C000 | Brussels | 5.8 ha | 1 · 3.8 ha | 48.1 m · 3 fl. |
| 21306D0093/00K000 | Brussels | 5.7 ha | 1 · 2,064 m² | 12.8 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
28-07-2023 Registered office moved from Woluwe Saint Plerre to Anderlecht
- Avenue de Tervueren n°145 - 1150 Woluwe Saint Plerre → Au Boulevard International 55/ Batiment G à 1070 Anderlecht
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Au Boulevard International 55/ Batiment G \u00E0 1070 Anderlecht",
"city": "Anderlecht",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Boulevard International",
"country": "BE",
"postcode": "1070",
"box_number": "Batiment G",
"street_number": "55",
"locality_suffix": null
},
"old_address": {
"raw": "Avenue de Tervueren n\u00B0145 - 1150 Woluwe Saint Plerre",
"city": "Woluwe Saint Plerre",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Avenue de Tervueren",
"country": "BE",
"postcode": "1150",
"box_number": null,
"street_number": "145",
"locality_suffix": null
},
"effective_date": "2023-06-14",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": 2,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": null,
"filing_date": null,
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "conseil_d_administration",
"date": "2023-06-14",
"unanimous": null
},
"subject_company": {
"kbo": "0772.321.423",
"name_full": "AD WEST",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Scime Danny",
"org_rep_person_name": null,
"person_role_at_subject": "administrateur"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad",
"Annexes du Moni",
"Votet 3",
"Mod DOC 19,01",
"Copie \u00E0 publier aux annexes au Moniteur belge"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | AD WEST |