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ADDITVALUE

Active
Private limited companyfounded 200224 yrs activeSint Michielswarande 30B, 1040 Etterbeek, BelgiumKBO/BCE: BE 0478.250.382

ADDITVALUE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-33k) and a net result of €-67k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
30 / 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-78
Solvency0▼-86
Growth22▼-46
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 2.07 in 2023; short-term debt: 162.4% and cash: 8.4% of total assets), and equity is negative.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-62.4%
Return on assets
-125.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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
elevated failure risk from 2 to 8 years 24 years 0 30 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €-33k
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 18-11-2025, 110 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
110 d late
2023
72 d late
2022
74 d late
2021
122 d late
2020
122 d late
2019
67 d late
← before the deadline after the deadline →
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

Financials · fiscal year 2024, micro schema

Turnover
€31k▼ 79.7%
2023 · €153k
2021: €42k 2022: €146k 2023: €153k
2021 → 2024
EBIT margin
-227.1%▼ 237.7pp
2023 · 10.6%
2021: -41.3% 2022: 1.9% 2023: 10.6%
2021 → 2024
Net result
€-67k
2023 · €9k
2018: €10k 2019: €13k 2020: €8k 2021: €-17k 2022: €1k 2023: €9k
2018 → 2024
Working capital
€-64k
2023 · €23k
2018: €18k 2019: €31k 2020: €36k 2021: €18k 2022: €21k 2023: €23k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€42k€146k▲ 247%€153k▲ 4.7%€31k▼ 79.7%
Equity€40k-€23k▼ 41.9%€25k▲ 6.2%€34k▲ 36.3%€-33k
Operating result€11k-€-17k€3k€16k▲ 471%€-71k
Net result€8k-€-17k€1k€9k▲ 525%€-67k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-75k€-50k€-25k€0€25kOperating result 2020: €11k€11kNet result 2020: €8k€8kOperating result 2021: €-17k€-17kNet result 2021: €-17k€-17kOperating result 2022: €3k€3kNet result 2022: €1k€1kOperating result 2023: €16k€16kNet result 2023: €9k€9kOperating result 2024: €-71k€-71kNet result 2024: €-67k€-67k20202021202220232024
The operating result turns negative in 2024: a loss of €71k after €16k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53k
Fixed assets €31k▲ 184%
Current assets €22k▼ 49.5%
Key figures and ratios
2024 value · change against 2023
Solvency
-62.4%
2023 · 61.0%
Current ratio
0.26
2023 · 2.07
Quick ratio
0.26
2023 · 2.07
Debt / equity
-2.60
2023 · 0.64
ROA
-125.9%
2023 · 16.3%
Debt
€86k
2023 · €21k
Debt ≤ 1 year
€86k
2023 · €21k
Income taxes
€-4k
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€55k€53k
Fixed assets21/28€11k€31k
Intangible fixed assets21€3k€19k
Tangible fixed assets22/27€8k€11k
Furniture and vehicles24€4k€4k=
Other tangible fixed assets26€4k€7k
Current assets29/58€44k€22k
Amounts receivable within one year40/41€23k€18k
Trade receivables40€15k€1k
Other amounts receivable41€8k€17k
Cash at bank and in hand54/58€21k€4k
Equity and liabilities
Total equity and liabilities10/49€55k€53k
Equity10/15€34k€-33k
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Other1319€3k€3k=
Profit (loss) carried forward14€12k€-55k
Amounts payable17/49€21k€86k
Amounts payable within one year42/48€21k€86k
Trade debts44€2k€6k
Suppliers440/4€2k€6k
Taxes, remuneration and social security45€7k-
Taxes450/3€3k-
Remuneration and social security454/9€4k-
Other amounts payable47/48€12k€80k
Income statement Code20232024
Turnover70€153k€31k
Non-recurring operating income76A€170€170=
Goods, raw materials, services and sundry goods60/61€137k€102k
Other operating charges640/8€503€548
Gross operating margin9900€17k€-70k
Operating profit (loss)9901€16k€-71k
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€291€189
Recurring financial charges65€291€189
Profit (loss) for the period before taxes9903€16k€-71k
Income taxes67/77€7k€-4k
Profit (loss) for the period9904€9k€-67k
Profit (loss) for the period to be appropriated9905€9k€-67k
Appropriation of the result
Profit (loss) to be appropriated9906€12k€-55k
Profit (loss) brought forward from the previous period14P€3k€12k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
18-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 110 days late
2024
31-12
Financial Weakest financial yearnet €-67k ▼845%
Net result drops to €-67k, the lowest in the series.
11-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
13-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
2022
31-12
Financial Back to profitnet €1k
Net result €1k after one loss-making year.
30-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
31-12
Financial Liquidity doublescurrent ratio 4.15
Current ratio from 1.73 to 4.15; short-term debt falls from €50k to €6k.
30-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
06-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
31-12
Financial Highest result since 2018net €13k ▲34.9%
Operating result €17k, net result €13k, both a record.
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
28-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
29-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
2 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, Etterbeek · 1 establishment unit since 2002
establishment approximate The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Sint Michielswarande 30B1040 Etterbeek
Ground area
1.4 ha
Building footprint
1.1 ha
Volume, LiDAR
121,616 m³
2 parcels, Brussels · tallest building 34.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADDITVALUE
Sint Michielswarande 30, 1040 EtterbeekNACE 72100
since 20022.115.061.145
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21362B0253/02F000 Brussels 1.3 ha 1 · 1.1 ha 34.4 m · 2 fl.
21362B0235/10Y000 Brussels 1,575 m² - -
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 35,329 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded04-09-2002
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
72100
72220
72300
72400
72500
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry
E-mail:spf.economie@additvalue.biz
Establishment Etterbeek 2.115.061.145