ADAS
ActiveSummary
ADAS has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,468 and a net result of €9,935. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 35% of 39,152 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €96,468
- Profit
- €9,935
Why 94lowers riskLiquidity: current ratio 4.26, cash €121,070Sector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €259,921Founded in 1988Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 70, micro): better than 36% on solvency, 92% on liquidity, 38% on profitability and 52% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 17 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 1% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,041 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,193 | €25,193 | €12,918 | €13,211 | €12,500 | €13,895 | €14,310 | €14,300 | ▼ 0.1% |
| Other operating charges640/8 | - | - | - | €2,560 | €2,534 | €2,694 | €2,727 | €2,794 | ▲ 2.4% |
| Gross operating margin9900 | €33,819 | €33,848 | €25,739 | €30,152 | €34,744 | €39,655 | €37,329 | €37,221 | ▼ 0.3% |
| Operating profit (loss)9901 | €6,357 | €6,176 | €10,441 | €14,381 | €19,711 | €23,066 | €20,292 | €20,128 | ▼ 0.8% |
| Financial charges65/66B | - | - | - | €2,751 | €2,753 | €3,815 | €5,327 | €4,698 | ▼ 11.8% |
| Recurring financial charges65 | €3,344 | €3,346 | €2,739 | €2,751 | €2,753 | €3,815 | €5,327 | €4,698 | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €3,014 | €2,830 | €7,702 | €11,630 | €16,957 | €19,251 | €14,964 | €15,430 | ▲ 3.1% |
| Income taxes67/77 | €2,377 | €2,143 | €3,700 | €4,424 | €5,542 | €5,895 | €5,824 | €5,495 | ▼ 5.7% |
| Profit (loss) for the period9904 | €637 | €687 | €4,002 | €7,206 | €11,416 | €13,356 | €9,140 | €9,935 | ▲ 8.7% |
| Profit (loss) for the period to be appropriated9905 | €637 | €687 | €4,002 | €7,206 | €11,416 | €13,356 | €9,140 | €9,935 | ▲ 8.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €299,214 | €240,388 | €257,036 | €243,496 | €256,355 | €267,605 | €252,551 | €259,921 | ▲ 2.9% |
| Fixed assets21/28 | €209,266 | €184,073 | €173,614 | €160,403 | €154,990 | €141,994 | €128,521 | €115,139 | ▼ 10.4% |
| Tangible fixed assets22/27 | €209,266 | €184,073 | €173,614 | €160,403 | €154,990 | €141,994 | €128,521 | €115,139 | ▼ 10.4% |
| Land and buildings22 | - | - | - | €158,651 | €146,790 | €134,930 | €123,070 | €111,209 | ▼ 9.6% |
| Plant, machinery and equipment23 | - | - | - | €1,752 | €1,260 | €769 | €277 | - | - |
| Furniture and vehicles24 | - | - | - | - | €6,939 | €6,295 | €5,174 | €3,930 | ▼ 24.1% |
| Current assets29/58 | €89,947 | €56,315 | €83,422 | €83,094 | €101,366 | €125,611 | €124,031 | €144,782 | ▲ 16.7% |
| Amounts receivable within one year40/41 | €46,668 | €34,263 | €33,100 | €31,698 | €22,623 | €23,385 | €23,385 | €23,712 | ▲ 1.4% |
| Trade receivables40 | - | - | - | €16,698 | €7,623 | €8,385 | €8,385 | €8,712 | ▲ 3.9% |
| Other amounts receivable41 | - | - | - | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Cash at bank and in hand54/58 | €43,280 | €22,052 | €50,322 | €51,396 | €78,743 | €102,226 | €100,645 | €121,070 | ▲ 20.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €299,214 | €240,388 | €257,036 | €243,496 | €256,355 | €267,605 | €252,551 | €259,921 | ▲ 2.9% |
| Equity10/15 | €45,415 | €46,102 | €50,104 | €57,309 | €68,725 | €82,081 | €91,221 | €96,468 | ▲ 5.8% |
| Contributions10/11 | €24,789 | €24,789 | - | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Reserves13 | €20,626 | €21,312 | €25,314 | €32,520 | €43,935 | €57,292 | €66,432 | €71,678 | ▲ 7.9% |
| Non-distributable reserves130/1 | - | - | - | €2,479 | €2,479 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,479 | €2,479 | - | - | - | - |
| Distributable reserves133 | - | - | - | €30,041 | €41,457 | €57,292 | €66,432 | €71,678 | ▲ 7.9% |
| Amounts payable17/49 | €253,799 | €194,286 | €206,932 | €186,187 | €187,631 | €185,524 | €161,330 | €163,453 | ▲ 1.3% |
| Amounts payable after more than one year17 | €129,500 | €129,500 | €129,500 | €129,500 | €129,500 | €129,500 | €129,500 | €129,500 | = |
| Financial debts170/4 | - | - | - | €129,500 | €129,500 | €129,500 | €129,500 | €129,500 | = |
| Amounts payable within one year42/48 | €124,299 | €64,786 | €77,432 | €56,687 | €58,131 | €56,024 | €31,830 | €33,953 | ▲ 6.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,000 | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Trade debts44 | €1,660 | €83 | €1,151 | €138 | €155 | €1,427 | €54 | €70 | ▲ 29.6% |
| Suppliers440/4 | - | - | - | €138 | €155 | €1,427 | €54 | €70 | ▲ 29.6% |
| Taxes, remuneration and social security45 | - | - | - | €12,313 | €11,672 | €7,110 | €7,351 | €9,319 | ▲ 26.8% |
| Taxes450/3 | - | - | - | €12,313 | €11,672 | €7,110 | €7,351 | €9,319 | ▲ 26.8% |
| Other amounts payable47/48 | - | - | - | €23,236 | €25,304 | €26,487 | €3,425 | €3,565 | ▲ 4.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €637 | €687 | €4,002 | €7,206 | €11,416 | €13,356 | €9,140 | €9,935 | ▲ 8.7% |
| + Depreciation and write-downs630 | €25,193 | €25,193 | €12,918 | €13,211 | €12,500 | €13,895 | €14,310 | €14,300 | ▼ 0.1% |
| Operating cash flow (approximation) | €25,830 | €25,880 | €16,920 | €20,416 | €23,915 | €27,251 | €23,450 | €24,235 | ▲ 3.3% |
| Investment in fixed assets (approximation) | - | €0 | -€2,459 | €0 | -€7,087 | -€899 | -€837 | -€918 | ▼ 9.7% |
| Change in cash | - | -€21,228 | €28,270 | €1,074 | €27,347 | €23,483 | -€1,581 | €20,425 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00223924 |
| 31-12-2024 | micro format | 01-07-2025 | 2025-00204918 |
| 31-12-2023 | micro format | 19-07-2024 | 2024-00262657 |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00276862 |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20118137 |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43600422 |
| 31-12-2019 | micro format | 18-07-2020 | 2020-31800046 |
| 31-12-2018 | micro format | 29-08-2019 | 2019-54700600 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57700500 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-54600520 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Sofie Vernaillen |
|
| Eliane Baudewijns |
|
| Raymond Cogen |
|
Owners and capital
Capital and shareholders
- 31-01-2024 Converted to unavailable equity · €27,268.29
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
31-01
Gazette deed
Resignations: Sofie Vernaillen, Eliane Baudewijns and Raymond CogenAppointment: Sofie Vernaillen (director) · Registered office clause · Director discharge11 facts ▸
- Registered office clause, “1760 Roosdaal, Witteweg 32” (deed in Dutch)
- Director resignation, Sofie Vernaillen (manager)
- Director appointment, Sofie Vernaillen (director (not named in the articles))
- Director discharge, Sofie Vernaillen (manager)
- General meeting, 30-12-2023
- Legal form clause, 01-01-2020, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbaar voor uitkering” (deed in Dutch)
- Amendment of the articles (2 times)
- Director resignation, Eliane Baudewijns (statutory manager)
- Director resignation, Raymond Cogen (manager)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23723B0180/00T000 | Flanders | 1,447 m² | 1 · 147 m² | 8.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het assisteren en adviseren van bedrijven,op het gebied van management,organisatie,administratie en van de public relations; Zich ook…” (deed in Dutch)
6 activities (deed in Dutch)
- Het assisteren en adviseren van bedrijven,op het gebied van management,organisatie,administratie en van de public relations.
- Zich ook bezighouden met de aan- en verkoop,de import en export in alle producten,koopwaren en grondstoffen,onder andere textiel,geschenkartikelen,antiekvoorwerpen en binnenhuisinrichting,en dit zowel voor eigen rekening als voor rekening van opdrachtgevers,onder de vorm van commissie of vertegenwoordiging.
- In het algemeen zal de vennootschap alle commerciële,industriële,financiële,roerende en onroerende handelingen mogen verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp en die van aard zijn de verwezenlijking ervan te vergemakkelijken.
- Belangen hebben bij wijze van inbrengsten,inschrijvingen of anderszins,in alle ondernemingen,verenigingen of vennootschappen die een gelijkaardig,analoog of aanverwant voorwerp nastreven of wier voorwerp van nature is dat van de vennootschap te bevorderen.
- Waarborgen stellen voor derden.
- Rechtstreeks of onrechtstreeks mogen deelnemen aan de werking van andere vennootschappen of bedrijven met een zelfde,gelijkaardig of aanverwant voorwerp of die een dergelijke activiteit uitoefenen dat samenwerking met deze vennootschap of onderneming nuttig kan zijn en dit door inbreng,versmelting,samenwerking,participatie of op gelijk welke andere wijze.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ADAS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Indien de vennootschap door meer dan één bestuurder wordt bestuurd, mag iedere bestuurder, alleen optredend, alle handelingen stellen die…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, bestuursorgaan” (deed in Dutch)“Steeds beëindigbaar wegens wettige reden,zonder opzeggingstermijn of vertrekvergoeding, geheel van bevoegdheden aan hem toegekend,met…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Monday of June at 15:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, algemene vergadering mag een of meerdere vereffenaars aanduiden,hun bevoegdheden…” (deed in Dutch)