AD WEST

Active

Private limited companyfounded 20215 yrs activeInternationalelaan 55, 1070 Anderlecht, BelgiumKBO/BCE: BE 0772.321.423

The computed 12-month bankruptcy probability of AD WEST is 9.6% (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 18% of 13306 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

7 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-14

Solvency0▼-24

Growth32=

Track record94

Bankruptcy probability, 12 months

9.6% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.65 against 0.87 in 2024; short-term debt: 106.7% and cash: 3.2% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-25.8%

Return on assets

-24.9%

Age of the figures

15 mo

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

22232425

2022 to 2025 · latest year €-168k

Filed more than 90 days late

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-06-2026, 124 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

124 d late

2024

489 d late

2023

188 d late

2022

370 d late

← before the deadline after the deadline →

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 months

Position in the running window

30-06-2026 close23-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-168k▼ 2,691%

2024 · €-6k

2022: €37k 2023: €45k 2024: €-6k

2022 → 2025

Total assets

€649k▼ 18.9%

2024 · €800k

2022: €365k 2023: €752k 2024: €800k

2022 → 2025

Net result

€-162k▼ 214%

2024 · €-51k

2022: €7k 2023: €9k 2024: €-51k

2022 → 2025

Working capital

€-241k▼ 182%

2024 · €-86k

2022: €-251k 2023: €-57k 2024: €-86k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€37k-€45k▲ 23.6%€-6k€-168k▼ 2,691%

Operating result€8k-€27k▲ 250%€-37k€-149k▼ 303%

Net result€7k-€9k▲ 27.8%€-51k€-162k▼ 214%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €149k in 2025 against €37k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €649k

30.5%

69.5%

Fixed assets €198k▼ 17.1%

Current assets €451k▼ 19.6%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-104k▼

2024 · €7k

Cash flow

€-117k▼

2024 · €-7k

Solvency

-25.8%▼

2024 · -0.8%

Current ratio

0.65▼

2024 · 0.87

Quick ratio

0.64▼

2024 · 0.85

Debt / equity

-4.87

ROA

-24.9%▼

2024 · -6.4%

Interest coverage

-5.70▼

2024 · 0.34

Debt

€817k▲

2024 · €806k

Debt ≤ 1 year

€692k▲

2024 · €647k

Debt > 1 year

€124k▼

2024 · €159k

Staff costs

€404k▼

2024 · €418k

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€800k€649k▼

Formation expenses20€557€294▼

Fixed assets21/28€239k€198k▼

Tangible fixed assets22/27€237k€196k▼

Plant, machinery and equipment23€49k€36k▼

Furniture and vehicles24€12k€8k▼

Other tangible fixed assets26€175k€152k▼

Financial fixed assets28€2k€2k=

Current assets29/58€561k€451k▼

Stocks and contracts in progress3€12k€10k▼

Stocks30/36€12k€10k▼

Amounts receivable within one year40/41€466k€371k▼

Trade receivables40€308k€197k▼

Other amounts receivable41€158k€174k▲

Cash at bank and in hand54/58€41k€21k▼

Deferred charges and accrued income490/1€42k€49k▲

Equity and liabilities

Total equity and liabilities10/49€800k€649k▼

Equity10/15€-6k€-168k▼

Contributions10/11€30k€30k=

Profit (loss) carried forward14€-36k€-198k▼

Amounts payable17/49€806k€817k▲

Amounts payable after more than one year17€159k€124k▼

Financial debts170/4€159k€124k▼

Amounts payable within one year42/48€647k€692k▲

Current portion of amounts payable after more than one year42€37k€38k▲

Trade debts44€204k€380k▲

Suppliers440/4€204k€380k▲

Taxes, remuneration and social security45€213k€81k▼

Taxes450/3€97k€22k▼

Remuneration and social security454/9€116k€60k▼

Other amounts payable47/48€193k€193k=

Accrued charges and deferred income492/3€571€571=

Income statement Code20242025

Remuneration, social security and pensions62€418k€404k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€45k▲

Other operating charges640/8€11k€387▼

Gross operating margin9900€436k€300k▼

Operating profit (loss)9901€-37k€-149k▼

Financial income75/76B€7k€6k▼

Recurring financial income75€7k€6k▼

Financial charges65/66B€21k€18k▼

Recurring financial charges65€21k€18k▼

Profit (loss) for the period before taxes9903€-51k€-162k▼

Profit (loss) for the period9904€-51k€-162k▼

Profit (loss) for the period to be appropriated9905€-51k€-162k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-36k€-198k▼

Profit (loss) brought forward from the previous period14P€15k€-36k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-01-2027

2026

04-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 124 days late

04-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 489 days late

2025

30-06

Financial Weakest financial yearnet €-162k

Net result drops to €-162k, the lowest in the series.

2024

06-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 188 days late

05-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 370 days late

2023

30-06

Financial Highest result since 2022net €9k ▲27.8%

Operating result €27k, net result €9k, both a record.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Anderlecht · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Internationalelaan 551070 Anderlecht

Ground area

11.4 ha

Building footprint

4.0 ha

Volume, LiDAR

301,583 m³

2 parcels, Brussels · tallest building 48.1 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

AD WEST

Sylvain Dupuislaan 433, 1070 AnderlechtLimited-service restaurants

since 20212.321.061.233

2 parcels

Brussels 2 (100%)

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.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Anderlecht2.321.061.233

1 permission

Toelating · Eetgelegenheid · since 09-09-2021

Similar companies · same sector, comparable size

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THAI STATION

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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,432 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-08-2021

Fiscal year end30-06

Activities, NACEBEL

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

56210Event catering

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.