Equity
€485,060 ▲ 0.7%
AD1 has made a profit without a break since 2021.
AD1
Lifetime
7 annual accounts with figures on one time axisGross marginpeak €681,746 (2019)
-€2,904▼ €945
Resultlowest -€25,219 (2020)
€3,567▲ 3.7%
Equitypeak €485,060 (2025)
€485,060▲ 0.7%
Debts
€15,749▲ 26.1%
Board1 name since 2019
1 directorD’ONOFRIO Licio
Owners
Documentsfilings and deeds
15-10-202676 days late
2025micro format
Gross margin from -€1,959 to -€2,904Change of role: D’ONOFRIO Licio, from manager to director 29-10Debts from €12,490 to €15,749
Key points
from the 2025 annual accountsFilings
7 annual accounts 76 days
Latest accounts filed late: after the legal deadline.
Checked score
52
Fair
Financially stronger than 64% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.8%
01-2025: 2.8%● unchanged vs 12-2024
02-2025: 2.9%▲ +0.1 percentage points vs 01-2025
03-2025: 2.8%▼ -0.1 percentage points vs 02-2025
04-2025: 2.7%▼ -0.1 percentage points vs 03-2025
05-2025: 2.4%▼ -0.3 percentage points vs 04-2025
06-2025: 2.6%▲ +0.2 percentage points vs 05-2025
07-2025: 2.4%▼ -0.2 percentage points vs 06-2025lowest value
08-2025: 2.9%▲ +0.5 percentage points vs 07-2025
09-2025: 3.2%▲ +0.3 percentage points vs 08-2025
10-2025: 2.7%▼ -0.5 percentage points vs 09-2025
11-2025: 2.7%● unchanged vs 10-2025
12-2025: 2.7%● unchanged vs 11-2025
01-2026: 2.7%● unchanged vs 12-2025
02-2026: 2.7%● unchanged vs 01-2026
03-2026: 2.7%● unchanged vs 02-2026
04-2026: 2.5%▼ -0.2 percentage points vs 03-2026
05-2026: 2.8%▲ +0.3 percentage points vs 04-2026
06-2026: 2.9%▲ +0.1 percentage points vs 05-2026
07-2026: 2.7%▼ -0.2 percentage points vs 06-2026
08-2026: 3.3%▲ +0.6 percentage points vs 07-2026
09-2026: 3.6%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 3.0%▼ -0.6 percentage points vs 09-2026
11-2026: 3.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 31.80
Last filed accounts filed 76 days late; 3 of the last 3 accounts late
No registered site in the KBO
lowers risk
Size: total assets €500,809
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 (no NACE code, micro). It does better than 81% of them on solvency, 95% on liquidity, 30% on profitability and 51% on growth.
The bankruptcy probability was computed on 05-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 1,639 companies had the same profile as AD1 has now. Each dot stands for 5 companies, two years later.
95.5%
were still trading
3.7%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AD1 itself is higher: 3.0% within 12 months. It rests on far more data about AD1 than the profile alone.
Test of the method
The method was tested on the 497,446 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 1,639 companies, not a prediction for AD1. 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 €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 31.8 (40.26 in 2024), above the usual 1.5. Short-term debt is 3.1% of total assets. 3.1% 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 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 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 · 7 filingsDeviation from the deadline
2025
76 days late
2024
59 days late
2023
58 days late
2022
31 days late
2021
74 days late
2020
178 days late
2019
6 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 69 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 28 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0720861141
Change of role: D’ONOFRIO Licio, from manager to director
“La gestion d’image,publicité et représentation de produits ; la consultance,la recherche et la négociation en…” (deed in French) · Director discharge: D’ONOFRIO Licio · General meeting of 27-10-2025 · Gazette deed
Incorporation
published on 20-02-2019 · Gazette deed
Official details
Source: KBO- Status
- Active since 18-02-2019Normal situation
- Activity
- “La gestion d’image,publicité et représentation de produits ; la consultance,la recherche et la négociation…” (deed in French)From the articles, 13 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Reachable since 30-03-2026
Insights on AD1
AD1 files the micro format. That format states no turnover. The gross margin fell from €681,746 in 2019 to -€2,904 in 2025.
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 AD1
- What is the company number of AD1?
- The company number of AD1 is 0720.861.141. The VAT number is the same number with BE in front: BE 0720.861.141.
- Where is AD1 based?
- The registered office is at Rue Bonne-Fortune 13, 4000 Liège.Company details
- What is the legal form of AD1?
- AD1 is a private limited company (BV).
- When was AD1 founded?
- AD1 was founded on 18-02-2019.
- Is AD1 still active?
- Yes, AD1 is an active enterprise in the KBO register.
- What is the turnover of AD1?
- The annual accounts for financial year 2025 state no turnover. In financial year 2019 turnover was €698,000.Financials
- Is AD1 profitable?
- In financial year 2025, AD1 made a profit of €3,567.
- Where can I find the annual accounts of AD1?
- AD1 filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AD1 due?
- AD1 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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