AD2 FACTORY
ActiveAD2 FACTORY has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260k and a net result of €35k. Equity is growing by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 7027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-13
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 5.45 against 41.85 in 2024; short-term debt: 17.6% and cash: 4% of total assets), and 17.7% 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.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.3%
Return on assets
11%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
30 d early
2024
6 d late
2023
29 d late
2022
1 d late
2021
1 d early
2020
17 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€260k▼ 2.5%
2024 · €267k
2020: €36k
2021: €98k
2022: €171k
2023: €209k
2024: €267k
2020 → 2025
Total assets
€317k▲ 16.4%
2024 · €272k
2020: €108k
2021: €168k
2022: €239k
2023: €231k
2024: €272k
2020 → 2025
Net result
€35k▼ 40.0%
2024 · €58k
2020: €32k
2021: €62k
2022: €73k
2023: €38k
2024: €58k
2020 → 2025
Working capital
€248k▲ 39.6%
2024 · €178k
2020: €28k
2021: €95k
2022: €128k
2023: €119k
2024: €178k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€98k-€171k▲ 74.6%€209k▲ 22.2%€267k▲ 27.7%€260k▼ 2.5%
Operating result€92k-€102k▲ 10.9%€59k▼ 41.5%€81k▲ 35.6%€46k▼ 43.1%
Net result€62k-€73k▲ 18.4%€38k▼ 47.9%€58k▲ 52.4%€35k▼ 40.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €317k
Fixed assets
€13k▼ 85.8%
Current assets
€304k▲ 66.9%
Equity and liabilities €317k
Equity
€260k▼ 2.5%
Debt
€56k▲ 1,067%
The debt ratio rises from 1.8% to 17.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€48k▼
2024 · €81k
Cash flow
€36k▼
2024 · €59k
Solvency
82.3%▼
2024 · 98.2%
Current ratio
5.45▼
2024 · 41.85
Quick ratio
5.45▼
2024 · 41.85
Debt / equity
0.22▲
2024 · 0.02
ROE
13.4%▼
2024 · 21.7%
ROA
11.0%▼
2024 · 21.3%
Interest coverage
41.00▼
2024 · 184.04
Debt
€56k▲
2024 · €5k
Debt ≤ 1 year
€56k▲
2024 · €4k
Income taxes
€16k▼
2024 · €25k
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€272k€317k▲
Fixed assets21/28€90k€13k▼
Tangible fixed assets22/27€6k€13k▲
Land and buildings22€6k€5k▼
Furniture and vehicles24-€8k
Financial fixed assets28€84k€0▼
Current assets29/58€182k€304k▲
Amounts receivable within one year40/41€101k€75k▼
Trade receivables40€27k€339▼
Other amounts receivable41€74k€75k▲
Current investments50/53-€216k
Cash at bank and in hand54/58€79k€13k▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€272k€317k▲
Equity10/15€267k€260k▼
Contributions10/11€1k€1k=
Reserves13€273k€259k▼
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Distributable reserves133€273k€259k▼
Profit (loss) carried forward14€-6k€0▲
Amounts payable17/49€5k€56k▲
Amounts payable within one year42/48€4k€56k▲
Financial debts43€150€70▼
Credit institutions430/8€150€70▼
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€1k€15k▲
Taxes450/3€1k€15k▲
Remuneration and social security454/9€0-
Other amounts payable47/48-€39k
Accrued charges and deferred income492/3€464€445▼
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€746€2k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€83k€49k▼
Operating profit (loss)9901€81k€46k▼
Financial income75/76B€3k€6k▲
Recurring financial income75€3k€6k▲
Financial charges65/66B€442€1k▲
Recurring financial charges65€442€1k▲
Profit (loss) for the period before taxes9903€83k€51k▼
Income taxes67/77€25k€16k▼
Profit (loss) for the period9904€58k€35k▼
Profit (loss) for the period to be appropriated9905€58k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€28k▼
Profit (loss) brought forward from the previous period14P€-6k€-6k=
Transfer from equity791/2-€42k
Transfer to equity691/2€58k€28k▼
To other reserves6921€58k€28k▼
Profit to be distributed694/7-€42k
Return on contributions (dividend)694-€42k
The notes to these accounts (14 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial
Liquidity times 7current ratio 41.85
Current ratio from 6.34 to 41.85; short-term debt falls from €22k to €4k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €200kEq €209k ▲22.2%
4 profitable years in a row build equity to €209k.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Highest result since 2020net €73k ▲18.4%
Operating result €102k, net result €73k, both a record.
31-12
Financial
Equity above €150kEq €171k ▲74.6%
3 profitable years in a row build equity to €171k.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 4.82
Current ratio from 2.03 to 4.82; short-term debt falls from €27k to €25k.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Riemst · 1 establishment unit since 2014
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.
St.-Maartenstraat 61A3770 RiemstGround area
2,105 m²
Building footprint
294 m²
Volume, LiDAR
1,524 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AD2 Factory
since 20142.232.094.912
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73015A0166/00Y000 | Flanders | 1,074 m² | 1 · 159 m² | 9.5 m · 2 fl. |
| 73015A0164/00N004 | Flanders | 1,032 m² | 1 · 136 m² | 7.6 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.
Similar companies · same sector, comparable size
B-Packaging
BE 0784.745.935
Waregem · Eq €260k
TAN - DEM
BE 0461.677.042
Vorst · Eq €260k
PUBLIPRINT VAN HOLLEBEKE
BE 0457.831.189
Torhout · Eq €261k
PEETERS - M.A.P.
BE 0425.028.561
Mont-Saint-Guibert · Eq €260k
YAMECO
BE 0731.985.655
Antwerpen · Eq €261k
Of 9,863 companies in sector 73110 we hold annual accounts for 3,755. 2,665 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-2014
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
18120Other printing
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:michiels.stijn1976@gmail.com
Phone:0485665495