ADC
ActiveSummary
ADC has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €11k. Equity is growing by ~57.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-14
Solvency60▼-22
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 2.26 in 2024; short-term debt: 65.2% and cash: 3.2% of total assets), and 65.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
34.8%
Return on assets
9.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
36 d early
2023
26 d late
2022
30 d late
2021
29 d late
2020
31 d late
2019
79 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▲ 38.0%
2024 · €30k
2018: €-33klowest in 8 years
2019: €-16k▲ +52.9% vs 2018
2020: €-4k▲ +72.3% vs 2019
2021: €222▲ +105% vs 2020
2022: €14k▲ +6144% vs 2021
2023: €19k▲ +36.5% vs 2022
2024: €30k▲ +58.8% vs 2023
2025: €41k▲ +38.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€119k▲ 125%
2024 · €53k
2018: €12klowest in 8 years
2019: €26k▲ +127% vs 2018
2020: €25k▼ -5.5% vs 2019
2021: €20k▼ -20.5% vs 2020
2022: €39k▲ +95.6% vs 2021
2023: €44k▲ +12.7% vs 2022
2024: €53k▲ +21.2% vs 2023
2025: €119k▲ +125% vs 2024highest in 8 years
2018 → 2025
Net result
€11k▲ 2.6%
2024 · €11k
2018: €13k
2019: €17k▲ +32.7% vs 2018highest in 8 years
2020: €11k▼ -35.5% vs 2019
2021: €5k▼ -59.7% vs 2020lowest in 8 years
2022: €14k▲ +202% vs 2021
2023: €5k▼ -62.9% vs 2022
2024: €11k▲ +120% vs 2023
2025: €11k▲ +2.6% vs 2024
2018 → 2025
Working capital
€34k▲ 18.9%
2024 · €29k
2018: €-33klowest in 8 years
2019: €-16k▲ +53.3% vs 2018
2020: €-4k▲ +72.5% vs 2019
2021: €222▲ +105% vs 2020
2022: €13k▲ +5599% vs 2021
2023: €17k▲ +33.8% vs 2022
2024: €29k▲ +68.9% vs 2023
2025: €34k▲ +18.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€222-€14k▲ 6,144%€19k▲ 36.5%€30k▲ 58.8%€41k▲ 38.0%
2021: €222lowest in 5 years
2022: €14k▲ +6144% vs 2021
2023: €19k▲ +36.5% vs 2022
2024: €30k▲ +58.8% vs 2023
2025: €41k▲ +38.0% vs 2024highest in 5 years
Operating result€6k-€22k▲ 249%€7k▼ 67.7%€15k▲ 118%€17k▲ 12.2%
2021: €6klowest in 5 years
2022: €22k▲ +249% vs 2021highest in 5 years
2023: €7k▼ -67.7% vs 2022
2024: €15k▲ +118% vs 2023
2025: €17k▲ +12.2% vs 2024
Net result€5k-€14k▲ 202%€5k▼ 62.9%€11k▲ 120%€11k▲ 2.6%
2021: €5klowest in 5 years
2022: €14k▲ +202% vs 2021highest in 5 years
2023: €5k▼ -62.9% vs 2022
2024: €11k▲ +120% vs 2023
2025: €11k▲ +2.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119k
Fixed assets
€7k ▲ 412%
Current assets
€111k ▲ 117%
Equity and liabilities €119k
Equity
€41k ▲ 38.0%
Debt
€78k ▲ 240%
Debt's share of the balance-sheet total rises from 43.1% to 65.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21k▲
2024 · €16k
Cash flow
€16k▲
2024 · €12k
Current ratio
1.44▼
2024 · 2.26
Quick ratio
1.43▼
2024 · 2.22
Debt to equity
1.87▲
2024 · 0.76
ROE
27.5%▼
2024 · 37.0%
ROA
9.6%▼
2024 · 21.1%
Interest coverage
81.02▲
2024 · 52.27
Debt ≤ 1 year
€78k▲
2024 · €23k
Income taxes
€5k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€53k€119k▲
Fixed assets21/28€1k€7k▲
Tangible fixed assets22/27€1k€7k▲
Furniture and vehicles24€1k€7k▲
Current assets29/58€51k€111k▲
Stocks and contracts in progress3€833€833=
Stocks30/36€833€833=
Amounts receivable within one year40/41€44k€106k▲
Trade receivables40€43k€106k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€6k€4k▼
Deferred charges and accrued income490/1-€959
Equity and liabilities
Total equity and liabilities10/49€53k€119k▲
Equity10/15€30k€41k▲
Contributions10/11€19k€19k=
Reserves13€25k€25k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-14k€-2k▲
Amounts payable17/49€23k€78k▲
Amounts payable within one year42/48€23k€78k▲
Trade debts44€147€25k▲
Suppliers440/4€147€25k▲
Taxes, remuneration and social security45€462€17k▲
Taxes450/3€462€4k▲
Remuneration and social security454/9-€13k
Other amounts payable47/48€22k€35k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€954€4k▲
Other operating charges640/8€387€829▲
Gross operating margin9900€17k€22k▲
Operating profit (loss)9901€15k€17k▲
Financial charges65/66B€310€264▼
Recurring financial charges65€310€264▼
Profit (loss) for the period before taxes9903€15k€17k▲
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€11k€11k▲
Profit (loss) for the period to be appropriated9905€11k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-2k▲
Profit (loss) brought forward from the previous period14P€-25k€-14k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €242 | €616 | €954 | €4k | ▲ 349% |
| Other operating charges640/8 | €50 | - | - | €387 | €829 | ▲ 114% |
| Gross operating margin9900 | €6k | €22k | €8k | €17k | €22k | ▲ 34.0% |
| Operating profit (loss)9901 | €6k | €22k | €7k | €15k | €17k | ▲ 12.2% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €197 | €256 | €289 | €310 | €264 | ▼ 14.8% |
| Recurring financial charges65 | €197 | €256 | €289 | €310 | €264 | ▼ 14.8% |
| Non-recurring financial charges66B | €197 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €6k | €21k | €7k | €15k | €17k | ▲ 12.7% |
| Income taxes67/77 | €1k | €8k | €2k | €4k | €5k | ▲ 42.3% |
| Profit (loss) for the period9904 | €5k | €14k | €5k | €11k | €11k | ▲ 2.6% |
| Profit (loss) for the period to be appropriated9905 | €5k | €14k | €5k | €11k | €11k | ▲ 2.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20k | €39k | €44k | €53k | €119k | ▲ 125% |
| Fixed assets21/28 | €0 | €1k | €2k | €1k | €7k | ▲ 412% |
| Tangible fixed assets22/27 | €0 | €1k | €2k | €1k | €7k | ▲ 412% |
| Furniture and vehicles24 | €0 | €1k | €2k | €1k | €7k | ▲ 412% |
| Current assets29/58 | €20k | €37k | €42k | €51k | €111k | ▲ 117% |
| Stocks and contracts in progress3 | €2k | €2k | €0 | €833 | €833 | = |
| Stocks30/36 | €2k | €2k | €0 | €833 | €833 | = |
| Amounts receivable within one year40/41 | €12k | €35k | €40k | €44k | €106k | ▲ 138% |
| Trade receivables40 | €11k | €35k | €38k | €43k | €106k | ▲ 145% |
| Other amounts receivable41 | €1k | - | €1k | €1k | - | - |
| Cash at bank and in hand54/58 | €6k | €988 | €2k | €6k | €4k | ▼ 36.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €959 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20k | €39k | €44k | €53k | €119k | ▲ 125% |
| Equity10/15 | €222 | €14k | €19k | €30k | €41k | ▲ 38.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €25k | €25k | €25k | €25k | €25k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €23k | €23k | €25k | €25k | €25k | = |
| Profit (loss) carried forward14 | €-44k | €-30k | €-25k | €-14k | €-2k | ▲ 83.0% |
| Amounts payable17/49 | €20k | €25k | €25k | €23k | €78k | ▲ 240% |
| Amounts payable within one year42/48 | €20k | €25k | €25k | €23k | €78k | ▲ 240% |
| Financial debts43 | €22 | - | - | - | - | - |
| Credit institutions430/8 | €22 | - | - | - | - | - |
| Trade debts44 | €7k | €455 | €3k | €147 | €25k | ▲ 17,136% |
| Suppliers440/4 | €7k | €455 | €3k | €147 | €25k | ▲ 17,136% |
| Taxes, remuneration and social security45 | €697 | €6k | €872 | €462 | €17k | ▲ 3,564% |
| Taxes450/3 | €697 | €6k | €872 | €462 | €4k | ▲ 758% |
| Remuneration and social security454/9 | - | - | - | - | €13k | - |
| Other amounts payable47/48 | €12k | €19k | €21k | €22k | €35k | ▲ 59.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €14k | €5k | €11k | €11k | ▲ 2.6% |
| + Depreciation and write-downs630 | - | €242 | €616 | €954 | €4k | ▲ 349% |
| Operating cash flow (approximation) | €5k | €14k | €6k | €12k | €16k | ▲ 30.0% |
| Investment in fixed assets (approximation) | - | €-1k | €-1k | €-417 | €-10k | ▼ 2,373% |
| Change in cash | - | €-5k | €964 | €4k | €-2k | ▼ 154% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €5k ▼59.7%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
18-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 79 days late
2019
31-12
Financial
Highest result since 2018net €17k ▲32.7%
Operating result €24k, net result €17k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
13-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 74 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Braine-l'Alleud · 1 establishment unit since 2000
Ground area
812 m²
Building footprint
101 m²
Volume, LiDAR
661 m³
Parcel 25742A0175/00L000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AD C
since 20002.093.702.537
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25742A0175/00L000 | Wallonia | 811 m² | 1 · 101 m² | 8.7 m · 2 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.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,679 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
Founded23-02-2000
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.