AdCosy
ActiveSummary
The computed 12-month bankruptcy probability of AdCosy is 2.2% (moderate). The 2025 annual accounts show equity of €107,270 and a net result of €18,410. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 49% of 18716 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability76=
Solvency58▲+5
Growth52=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.85 in 2024; short-term debt: 43.4% and cash: 8.8% of total assets), but 66.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
33.3%
Return on assets
5.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-04-2026, 19 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
19 d early
2024
on the day
2023
57 d early
2022
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 8 April (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€107,270▲ 20.7%
2024 · €88,860
Total assets
€322,203=
2024 · €322,078
Net result
€18,410▼ 5.5%
2024 · €19,486
Working capital
€119,398▲ 11.3%
2024 · €107,255
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€33,856-€58,062▲ 71.5%€27,494▼ 52.6%€34,233▲ 24.5%
Net result€23,909above the sector's middle half-€43,465above the sector's middle half▲ 81.8%€19,486within the sector's middle half▼ 55.2%€18,410within the sector's middle half▼ 5.5%
Equity€25,909within the sector's middle half-€69,374within the sector's middle half▲ 168%€88,860within the sector's middle half▲ 28.1%€107,270within the sector's middle half▲ 20.7%
Total assets€323,197above the sector's middle half-€360,278above the sector's middle half▲ 11.5%€322,078within the sector's middle half▼ 10.6%€322,203within the sector's middle half=
Debt€297,288-€290,904▼ 2.1%€233,218▼ 19.8%€214,933▼ 7.8%
Working capital€71,194within the sector's middle half-€101,957above the sector's middle half▲ 43.2%€107,255above the sector's middle half▲ 5.2%€119,398above the sector's middle half▲ 11.3%
Solvency8.0%within the sector's middle half-19.3%within the sector's middle half▲ 11.2pp27.6%within the sector's middle half▲ 8.3pp33.3%within the sector's middle half▲ 5.7pp
Current ratio1.60within the sector's middle half-1.71within the sector's middle half▲ 0.101.85within the sector's middle half▲ 0.141.85within the sector's middle half=
Return on assets (ROA)7.4%within the sector's middle half-12.1%above the sector's middle half▲ 4.7pp6.1%within the sector's middle half▼ 6.0pp5.7%within the sector's middle half▼ 0.3pp
Staff (FTE)3-3.4▲ 13.3%2.4▼ 29.4%2.5▲ 4.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322,203
Fixed assets
€62,816 ▼ 28.9%
Current assets
€259,386 ▲ 11.0%
Equity and liabilities €322,203
Equity
€107,270 ▲ 20.7%
Debt
€214,933 ▼ 7.8%
Debt's share of the balance-sheet total falls from 72.4% to 66.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62,370▲
2024 · €54,974
Cash flow
€46,547▼
2024 · €46,967
Quick ratio
0.28▼
2024 · 0.31
Debt to equity
2.00▼
2024 · 2.62
ROE
17.2%▼
2024 · 21.9%
Interest coverage
6.72▼
2024 · 10.50
Debt ≤ 1 year
€139,989▲
2024 · €126,484
Debt > 1 year
€74,215▼
2024 · €106,734
Income taxes
€9,417▲
2024 · €7,161
Staff costs
€104,608▲
2024 · €98,921
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.0% |
| 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% 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 26,975 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €69,511 | €117,785 | €98,921 | €104,608 | ▲ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,733 | €26,912 | €27,481 | €28,137 | ▲ 2.4% |
| Other operating charges640/8 | €965 | €832 | €1,227 | €972 | ▼ 20.8% |
| Gross operating margin9900 | €121,064 | €203,591 | €155,122 | €167,950 | ▲ 8.3% |
| Operating profit (loss)9901 | €33,856 | €58,062 | €27,494 | €34,233 | ▲ 24.5% |
| Financial income75/76B | €3,365 | €4,906 | €4,389 | €2,882 | ▼ 34.3% |
| Recurring financial income75 | €3,365 | €4,906 | €4,389 | €2,882 | ▼ 34.3% |
| Financial charges65/66B | €9,852 | €6,494 | €5,236 | €9,288 | ▲ 77.4% |
| Recurring financial charges65 | €9,852 | €6,494 | €5,236 | €9,288 | ▲ 77.4% |
| Profit (loss) for the period before taxes9903 | €27,369 | €56,474 | €26,647 | €27,827 | ▲ 4.4% |
| Income taxes67/77 | €3,460 | €13,009 | €7,161 | €9,417 | ▲ 31.5% |
| Profit (loss) for the period9904 | €23,909 | €43,465 | €19,486 | €18,410 | ▼ 5.5% |
| Profit (loss) for the period to be appropriated9905 | €23,909 | €43,465 | €19,486 | €18,410 | ▼ 5.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €323,197 | €360,278 | €322,078 | €322,203 | = |
| Fixed assets21/28 | €133,953 | €114,170 | €88,339 | €62,816 | ▼ 28.9% |
| Intangible fixed assets21 | €3,520 | €2,710 | €1,900 | €1,090 | ▼ 42.6% |
| Tangible fixed assets22/27 | €130,433 | €111,460 | €86,440 | €61,727 | ▼ 28.6% |
| Plant, machinery and equipment23 | €46,250 | €40,078 | €33,906 | €27,454 | ▼ 19.0% |
| Furniture and vehicles24 | €55,703 | €43,385 | €32,440 | €22,083 | ▼ 31.9% |
| Other tangible fixed assets26 | €28,481 | €27,997 | €20,093 | €12,190 | ▼ 39.3% |
| Current assets29/58 | €189,245 | €246,108 | €233,739 | €259,386 | ▲ 11.0% |
| Stocks and contracts in progress3 | €170,095 | €207,893 | €194,759 | €219,960 | ▲ 12.9% |
| Stocks30/36 | €170,095 | €207,893 | €194,759 | €219,960 | ▲ 12.9% |
| Amounts receivable within one year40/41 | €246 | €4,590 | €6,605 | €10,489 | ▲ 58.8% |
| Trade receivables40 | €204 | €4,586 | €722 | - | - |
| Other amounts receivable41 | €41 | €4 | €5,883 | €10,489 | ▲ 78.3% |
| Cash at bank and in hand54/58 | €18,484 | €32,976 | €31,792 | €28,332 | ▼ 10.9% |
| Deferred charges and accrued income490/1 | €420 | €650 | €583 | €605 | ▲ 3.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €323,197 | €360,278 | €322,078 | €322,203 | = |
| Equity10/15 | €25,909 | €69,374 | €88,860 | €107,270 | ▲ 20.7% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €23,000 | €67,000 | €86,500 | €105,270 | ▲ 21.7% |
| Distributable reserves133 | €23,000 | €67,000 | €86,500 | €105,270 | ▲ 21.7% |
| Profit (loss) carried forward14 | €909 | €374 | €360 | - | - |
| Amounts payable17/49 | €297,288 | €290,904 | €233,218 | €214,933 | ▼ 7.8% |
| Amounts payable after more than one year17 | €177,949 | €146,753 | €106,734 | €74,215 | ▼ 30.5% |
| Financial debts170/4 | €107,949 | €76,753 | €41,734 | €9,215 | ▼ 77.9% |
| Other amounts payable178/9 | €70,000 | €70,000 | €65,000 | €65,000 | = |
| Amounts payable within one year42/48 | €118,050 | €144,151 | €126,484 | €139,989 | ▲ 10.7% |
| Current portion of amounts payable after more than one year42 | €33,988 | €37,281 | €36,855 | €32,520 | ▼ 11.8% |
| Financial debts43 | €20,000 | €35,000 | €13,000 | €22,500 | ▲ 73.1% |
| Credit institutions430/8 | €20,000 | €35,000 | €13,000 | €22,500 | ▲ 73.1% |
| Trade debts44 | €35,543 | €41,944 | €47,992 | €54,861 | ▲ 14.3% |
| Suppliers440/4 | €35,543 | €41,944 | €47,992 | €54,861 | ▲ 14.3% |
| Advances received on contracts in progress46 | - | €336 | €545 | €313 | ▼ 42.6% |
| Taxes, remuneration and social security45 | €24,176 | €26,085 | €24,943 | €21,302 | ▼ 14.6% |
| Taxes450/3 | €17,072 | €17,011 | €18,409 | €14,528 | ▼ 21.1% |
| Remuneration and social security454/9 | €7,105 | €9,074 | €6,534 | €6,774 | ▲ 3.7% |
| Other amounts payable47/48 | €4,342 | €3,505 | €3,148 | €8,494 | ▲ 170% |
| Accrued charges and deferred income492/3 | €1,289 | - | - | €729 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,909 | €43,465 | €19,486 | €18,410 | ▼ 5.5% |
| + Depreciation and write-downs630 | €16,733 | €26,912 | €27,481 | €28,137 | ▲ 2.4% |
| Operating cash flow (approximation) | €40,642 | €70,377 | €46,967 | €46,547 | ▼ 0.9% |
| Investment in fixed assets (approximation) | - | -€7,129 | -€1,650 | -€2,614 | ▼ 58.4% |
| Change in cash | - | €14,491 | -€1,184 | -€3,460 | ▼ 192% |
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
11-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €18,410 ▼5.5%
Net result drops to €18,410, the lowest in the series.
30-09
Financial
Equity above €100,000Eq €107,270 ▲20.7%
4 profitable years in a row build equity to €107,270.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2022net €43,465 ▲81.8%
Operating result €58,062, net result €43,465, both a record.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wervik · 2 establishment units since 2021
Ground area
636 m²
Building footprint
297 m²
Volume, LiDAR
1,838 m³
2 parcels, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
AdCosy
since 20212.321.385.588
Delbeecke Ann
since 20212.321.385.687
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029D0595/00B002 | Flanders | 568 m² | 1 · 230 m² | 10.1 m · 2 fl. |
| 33029C0386/00B000 | Flanders | 67 m² | 1 · 67 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 4,113 EUR awarded · 4,113 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,473 EUR | 1,473 EUR |
| 2022 | 2 | 2,640 EUR | 2,640 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteWervik2.321.385.588
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Of 656 companies in sector 47715 we hold annual accounts for 187. 155 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
Founded07-09-2021
Fiscal year end30-09
Activities, NACEBEL 2025
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47750Retail sale of cosmetics and toilet articles
96220Beauty care and other beauty treatments
Contact
E-mail
adcosywervik@gmail.comWervik
E-invoicing
Reachable via Peppol
Peppol ID
0208:0773623104
Also
9925:BE0773623104
Registered
28-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.