Equity
€4.1m ▲ 0.6%
ADD paid out €4.0m in dividends. That is 95% of the 2025 profit.
ADD
Lifetime
19 annual accounts with figures on one time axis, 48 filings since 1977peak €25.5m (2025)
€25.5m▲ 9.4%
peak €4.6m (2019)
€4.2m▼ 1.6%
peak €6.3m (2009)
€4.1m▲ 0.6%
€32.6m▲ 10.8%
peak 127.2 FTE (2025)
127.2 FTE▲ 10.7%
Board46 names since 2006all names
10 directorsWim Merckx and 9 others
Owners4 names in the annual accounts
100%KBC VERZEKERINGEN and 1 other
Documentsfilings and deeds
21-05-202671 days before the deadline
2025financial year
Staff from 114.9 FTE to 127.2 FTE1 director appointed, 2 resignations 30-10Appointment: KPMG Bedrijfsrevisoren (statutory auditor) 30-06Merger: ADD takes over LIFE PLAN 24-04Merger proposal: ADD NV takes over Life Plan BV 04-02Dividend €4.0m
Key points
from the 2025 annual accountsDebts
€32.6m 86% of the balance sheet
Suppliers 75%Taxes and wages 7%Other 18%
Of this, €31.1m falls due within a year.
Investments
€3.0m 4.0 × depreciation
Green is investment, beige is depreciation.
Payment terms
1,331 days to suppliers
ADD pays its suppliers 32 days later than in 2024. Customers pay 14 days later.
Filings
48 annual accounts 49 filings since 1977
The last five annual accounts were filed 45 to 84 days before the end of the period.
Restructuring
2025
Merger with LIFE PLAN. Merger on 24-04-2025.
Financial institution: outside the modelBankruptcy probability: sector outside the model
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Two signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 616 sector peers (2025).
NBB · sector comparisonPosition among 616 sector peers
Solvency
better than 19%
← weakest
strongest →
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 days early
2024
73 days early
2023
84 days early
2022
45 days early
2021
83 days early
2020
32 days early
2019
98 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 69 days before the deadline. In the sector (NACE 66), the median for financial year 2024 was 5 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 5 others
- KBC VERZEKERINGEN 100%annual accounts 2025
Shares in 1 company, ALGEMENE MAATSCHAPPIJ VOOR RISICOBEHEER
Board & ownershipRecent changes
1 director appointed, 2 resignations
Resignations: Lise Sprangers and Jan Van Hove · Appointment: Nele Vandaele · General meeting of 29-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0406080305
1 director appointed, 2 resignations
Resignations: Ilse Sprangers and Jan Van Hove · Appointment: Nele Vandaele (chair) · Board meeting of 16-09-2025 · Gazette deed
Appointment: KPMG Bedrijfsrevisoren (statutory auditor)
Permanent representative: Ellemarie Bex · General meeting of 30-04-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ADD Leuven | €25.5m | 21.2% | 10.9% | 127.2 |
| CONCORDIA Ghent | €20.8m | 0.6% | 24.0% | 108 |
| Willemot Bijzonder Verzekeringsbestuur Ghent | €32.2m | 2.8% | 5.2% | 87 |
| WILINK INSURANCE Ottignies-Louvain-la-Neuve | €31.1m | 2.3% | 1.9% | 171.9 |
| Verzekeringskantoor Van Dessel Berlaar | €31.9m | 9.0% | 27.0% | 163.6 |
| Q & O VERZEKERINGEN Waregem | €15.0m | 7.6% | 7.4% | 70.2 |
| Hillewaere Insurance Turnhout | €32.0m | 11.8% | 26.3% | 156.6 |
Grey: the largest companies of the sector (auxiliary financial services (NACE 66)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ADD: insurance agents and brokers (NACE 66220). They are comparable in size and age: total assets between €19m and €60m, founded between 1941 and 2007.
Official details
Source: KBO- Status
- Active since 01-01-1969Normal situation
- Activity
- Insurance agents and brokersNACE 66220and 4 others
- Joint committee
- 306Insurance companies · annual accounts 2025
- Establishment units
- 2.143.751.0729000 Ghent, since 01-01-1969
- 2.036.894.4863001 Leuven, since 29-04-1999and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Annual accounts 2025
- €37.8m▲ 11.6%
- Employeeson 31-12-2025
- 137▲ 7.9%
- Filing
- Filed on 21-05-2026, 71 days before the end of the filing period
Companies linked to ADD
Parent and group
Insights on ADD
ADD has existed since 1969. Turnover grew from €13.2m in 2007 to €25.5m in 2025.
Turnover has grown every year since 2020.
KBC VERZEKERINGEN holds all the shares. In 2025, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ADD
- What is the company number of ADD?
- The company number of ADD is 0406.080.305. The VAT number is the same number with BE in front: BE 0406.080.305.
- Where is ADD based?
- The registered office is at Geldenaaksebaan 470, 3001 Leuven.Company details
- What does ADD do?
- According to the KBO register, the main activity is insurance agents and brokers (NACE 66220).
- What is the legal form of ADD?
- ADD is a public limited company (NV).
- When was ADD founded?
- ADD was founded on 01-01-1969.
- Is ADD still active?
- Yes, ADD is an active enterprise in the KBO register.
- How many employees does ADD have?
- ADD had an average of 127.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ADD fall under?
- In its 2025 annual accounts, ADD states joint committee 306 (Insurance companies).
- What is the turnover of ADD?
- The turnover of ADD was €25.5m in financial year 2025, according to the filed annual accounts.
- Is ADD profitable?
- In financial year 2025, ADD made a profit of €4.2m.
- Where can I find the annual accounts of ADD?
- ADD filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ADD due?
- ADD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.