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ADA.Link

Active
Private limited company (pre-2019)founded 200818 yrs activeHendrik Serruyslaan 7, 8400 Oostende, BelgiumKBO/BCE: BE 0896.623.359
Summary

ADA.Link has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €112,118 and a net result of €14,727. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 19% of 1411 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability41▲+16
Solvency35▲+1
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.11 against 1.09 in 2023; short-term debt: 90.5% and cash: 0.1% of total assets), and 90.5% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 18 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1411 sector peers (2024).
NBB · sector comparison
Position among 1411 sector peers
Solvency
better than 19%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
91 d late
2023
30 d late
2022
91 d late
2021
89 d late
2020
27 d late
2019
90 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 70 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

ADA.Link was incorporated on 21 March 2008.1 Total assets rose from EUR 137,496 in 2018 to EUR 1.2 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€112,118▲ 15.1%
2023 · €97,391
Total assets
€1.2m▲ 3.0%
2023 · €1.1m
Net result
€14,727
2023 · -€58,629
Working capital
€112,043▲ 15.1%
2023 · €97,316
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€7,581▲ 51.9%€31,396€54,724▲ 74.3%-€58,233€17,908
Net result-€7,777▲ 26.8%€30,892€41,791▲ 35.3%-€58,629€14,727
Equity€91,114=€114,228▲ 25.4%€156,020▲ 36.6%€97,391▼ 37.6%€112,118▲ 15.1%
Total assets€137,048▲ 8.2%€467,589▲ 241%€692,203▲ 48.0%€1.1m▲ 65.0%€1.2m▲ 3.0%
Debt€53,711▲ 48.0%€353,360▲ 558%€536,183▲ 51.7%€1.0m▲ 94.8%€1.1m▲ 1.8%
Working capital€83,262▼ 12.3%€114,153▲ 37.1%€171,941▲ 50.6%€97,316▼ 43.4%€112,043▲ 15.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
  • 2023 Total assets +65% on 2022. Cause not known from the registers.
  • 2021 Total assets +241% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2020: -€7,581-€7,581Net result 2020: -€7,777-€7,777Operating result 2021: €31,396€31,396Net result 2021: €30,892€30,892Operating result 2022: €54,724€54,724Net result 2022: €41,791€41,791Operating result 2023: -€58,233-€58,233Net result 2023: -€58,629-€58,629Operating result 2024: €17,908€17,908Net result 2024: €14,727€14,72720202021202220232024-€100,000-€50,000€0€50,000Operating result 2022: €54,724€54,700Net result 2022: €41,791€41,800Operating result 2023: -€58,233-€58,200Net result 2023: -€58,629-€58,600Operating result 2024: €17,908€17,900Net result 2024: €14,727€14,700202220232024
The operating result returns to profit in 2024: €17,908 after a loss of €58,233 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets €75 =
Current assets €1.2m ▲ 3.0%
Equity and liabilities €1.2m
Equity €112,118 ▲ 15.1%
Debt €1.1m ▲ 1.8%
Debt's share of the balance-sheet total falls from 91.5% to 90.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
1.11▲
2023 · 1.09
Quick ratio
0.08▼
2023 · 0.14
Debt to equity
9.49▼
2023 · 10.72
ROE
13.1%▲
2023 · -60.2%
ROA
1.3%▲
2023 · -5.1%
Debt ≤ 1 year
€1.1m▲
2023 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,445 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.9% went bankrupt
2.0% stopped otherwise
96% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,445 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.1m€1.2m▲
Fixed assets21/28€75€75=
Financial fixed assets28€75€75=
Current assets29/58€1.1m€1.2m▲
Stocks and contracts in progress3€990,367€1.1m▲
Stocks30/36€990,367€1.1m▲
Amounts receivable within one year40/41€151,389€89,253▼
Trade receivables40€146,671€83,322▼
Other amounts receivable41€4,718€5,931▲
Cash at bank and in hand54/58€0€879▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.2m▲
Equity10/15€97,391€112,118▲
Contributions10/11€6,200€6,200=
Reserves13€91,191€105,918▲
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€89,331€104,058▲
Amounts payable17/49€1.0m€1.1m▲
Amounts payable within one year42/48€1.0m€1.1m▲
Financial debts43€4€0▼
Credit institutions430/8€4€0▼
Trade debts44€407,515€357,843▼
Suppliers440/4€407,515€357,843▼
Taxes, remuneration and social security45€13,593€335▼
Taxes450/3€13,593€335▼
Other amounts payable47/48€623,328€705,552▲
Accrued charges and deferred income492/3€0-
Income statement Code20232024
Other operating charges640/8€499€406▼
Gross operating margin9900-€57,733€18,314▲
Operating profit (loss)9901-€58,233€17,908▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€397€3,181▲
Recurring financial charges65€397€3,181▲
Profit (loss) for the period before taxes9903-€58,629€14,727▲
Income taxes67/77€0-
Profit (loss) for the period9904-€58,629€14,727▲
Profit (loss) for the period to be appropriated9905-€58,629€14,727▲
Appropriation of the result
Profit (loss) to be appropriated9906-€58,629€14,727▲
Transfer from equity791/2€58,629€0▼
Transfer to equity691/2€0€14,727▲
To other reserves6921€0€14,727▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€404-----
Other operating charges640/8-€459€460€499€406▼ 18.6%
Gross operating margin9900-€5,525€31,854€55,184-€57,733€18,314▲ 132%
Operating profit (loss)9901-€7,581€31,396€54,724-€58,233€17,908▲ 131%
Financial income75/76B-€3€0€1€0▼ 75.0%
Recurring financial income75€6,619€3€0€1€0▼ 75.0%
Financial charges65/66B-€507€569€397€3,181▲ 702%
Recurring financial charges65€198€507€569€397€3,181▲ 702%
Profit (loss) for the period before taxes9903-€7,777€30,892€54,156-€58,629€14,727▲ 125%
Income taxes67/77€3-€12,364€0--
Profit (loss) for the period9904-€7,777€30,892€41,791-€58,629€14,727▲ 125%
Profit (loss) for the period to be appropriated9905-€7,777€30,892€41,791-€58,629€14,727▲ 125%
Line20202021202220232024Change
Assets
Total assets20/58€137,048€467,589€692,203€1.1m€1.2m▲ 3.0%
Formation expenses20€0-----
Fixed assets21/28€479€75€75€75€75=
Intangible fixed assets21€0-----
Tangible fixed assets22/27€404-----
Financial fixed assets28€75€75€75€75€75=
Current assets29/58€136,973€467,514€692,128€1.1m€1.2m▲ 3.0%
Stocks and contracts in progress3€36,064€262,234€290,367€990,367€1.1m▲ 9.6%
Stocks30/36-€262,234€290,367€990,367€1.1m▲ 9.6%
Amounts receivable within one year40/41€102,218€200,981€385,311€151,389€89,253▼ 41.0%
Trade receivables40-€93,120€42,425€146,671€83,322▼ 43.2%
Other amounts receivable41-€107,861€342,886€4,718€5,931▲ 25.7%
Current investments50/53€0-----
Cash at bank and in hand54/58€21,707€4,299€16,450€0€879-
Equity and liabilities
Total equity and liabilities10/49€137,048€467,589€692,203€1.1m€1.2m▲ 3.0%
Equity10/15€91,114€114,228€156,020€97,391€112,118▲ 15.1%
Contributions10/11-€6,200€6,200€6,200€6,200=
Reserves13€84,914€108,028€149,820€91,191€105,918▲ 16.1%
Non-distributable reserves130/1-€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311-€1,860€1,860€1,860€1,860=
Distributable reserves133-€106,168€147,960€89,331€104,058▲ 16.5%
Profit (loss) carried forward14€0-----
Amounts payable17/49€53,711€353,360€536,183€1.0m€1.1m▲ 1.8%
Amounts payable within one year42/48€53,711€353,360€520,187€1.0m€1.1m▲ 1.8%
Financial debts43---€4€0▼ 100%
Credit institutions430/8---€4€0▼ 100%
Trade debts44€5,347€2,476€413,264€407,515€357,843▼ 12.2%
Suppliers440/4-€2,476€413,264€407,515€357,843▼ 12.2%
Advances received on contracts in progress46-€83,379€0---
Taxes, remuneration and social security45-€335€58,667€13,593€335▼ 97.5%
Taxes450/3-€335€58,667€13,593€335▼ 97.5%
Other amounts payable47/48-€267,169€48,257€623,328€705,552▲ 13.2%
Accrued charges and deferred income492/3--€15,996€0--
Line20202021202220232024Change
Profit (loss) for the period9904-€7,777€30,892€41,791-€58,629€14,727▲ 125%
+ Depreciation and write-downs630€404-----
Operating cash flow (approximation)-€7,373€30,892€41,791-€58,629€14,727▲ 125%
Investment in fixed assets (approximation)-€404€0€0€0-
Change in cash--€17,408€12,151-€16,450€879▲ 105%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 91 days late
2024
31-12
Financial Back to profitnet €14,727
Net result €14,727 after one loss-making year.
31-12
Financial Equity above €100,000Eq €112,118 ▲15.1%
Equity rises from €97,391 to €112,118.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial Weakest financial yearnet -€58,629
Net result drops to -€58,629, the lowest in the series; recovery starts the following year.
30-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-12
Financial Highest result since 2018net €41,791 ▲35.3%
Operating result €54,724, net result €41,791, both a record.
31-12
Financial Equity above €150,000Eq €156,020 ▲36.6%
2 profitable years in a row build equity to €156,020.
28-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
31-12
Financial Back to profitnet €30,892
Net result €30,892 after 3 loss-making years.
31-12
Financial Equity above €100,000Eq €114,228 ▲25.4%
Equity rises from €91,114 to €114,228.
27-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Show earlier events
2020
29-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
11-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
2018
28-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Oostende · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
288 m²
Building footprint
239 m²
Volume, LiDAR
4,535 m³
Parcel 35013A1650/00H005, Flanders · tallest building 22.2 m, ±7 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
ADA.Link
Hendrik Serruyslaan 7, 8400 OostendeFinancial service activities, except insurance and pension funding
since 20082.169.984.822
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35013A1650/00H005 Flanders 288 m² 1 · 239 m² 22.2 m · 7 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. INFRARO 100%
  2. ADA.Link

Highest known parent: INFRARO. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 5,565 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded21-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0896623359
Also 9925:BE0896623359
Registered 25-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.