ADFive
Annual accounts 2025
micro format, filed on 27-07-2026, 4 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €16,000. Estimated: probably between €7,900 and €32,000.
Balance sheet
balance sheet total €269,038 on 31-12-2025in euro
in euro
Position in the sector
3.8%
Higher than 10% of 21,217 companies in 2025.
1.04
Higher than 19% of 20,581 companies in 2025.
-2.5%
Higher than 14% of 20,756 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
269,038 | 251,972 | 245,414 | 43,694 | 10,397 | |
21/28 |
1,126 | 2,459 | 3,838 | 4,257 | 2,223 | |
21 |
167 | 345 | 523 | 702 | 880 | |
22/27 |
959 | 2,114 | 3,315 | 3,555 | 1,343 | |
23 |
527 | 764 | 1,001 | 277 | 353 | |
24 |
432 | 1,350 | 2,314 | 3,278 | 990 | |
29/58 |
267,912 | 249,513 | 241,576 | 39,437 | 8,174 | |
3 |
255,523 | 223,420 | 200,081 | - | - | |
30/36 |
255,523 | 223,420 | 200,081 | - | - | |
40/41 |
3,630 | 4,000 | 2,420 | 16,106 | 1,500 | |
40 |
3,630 | - | 2,420 | 16,106 | 1,500 | |
41 |
- | 4,000 | - | - | - | |
54/58 |
7,684 | 21,804 | 38,863 | 23,107 | 6,674 | |
490/1 |
1,075 | 289 | 212 | 224 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
269,038 | 251,972 | 245,414 | 43,694 | 10,397 | |
10/15 |
10,304 | 16,970 | 49,282 | 33,747 | 7,942 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
14 |
5,304 | 11,970 | 44,282 | 28,747 | 2,942 | |
17/49 |
258,734 | 235,003 | 196,132 | 9,947 | 2,455 | |
42/48 |
258,734 | 235,003 | 196,132 | 9,947 | 2,455 | |
42 |
150,000 | 137,631 | - | - | - | |
43 |
- | - | 90,000 | - | - | |
430/8 |
- | - | 90,000 | - | - | |
44 |
1,725 | 2,176 | 2,309 | 2,654 | 589 | |
440/4 |
1,725 | 2,176 | 2,309 | 2,654 | 589 | |
45 |
6,592 | 5,148 | 13,776 | 7,246 | 1,866 | |
450/3 |
6,592 | 5,148 | 13,776 | 7,246 | 1,866 | |
47/48 |
100,416 | 90,047 | 90,047 | 47 | - | |
| Income statement | ||||||
9900 |
3,080 | -19,193 | 22,510 | 33,015 | 3,853 | |
630 |
1,333 | 1,379 | 1,224 | 561 | 168 | |
640/8 |
1,444 | 3,082 | - | - | - | |
9901 |
303 | -23,654 | 21,287 | 32,454 | 3,685 | |
75/76B |
- | 17 | - | - | - | |
75 |
- | 17 | - | - | - | |
65/66B |
6,968 | 8,683 | 1,619 | 208 | 4 | |
65 |
6,968 | 8,683 | 1,619 | 208 | 4 | |
9903 |
-6,666 | -32,320 | 19,668 | 32,246 | 3,681 | |
67/77 |
- | -7 | 4,133 | 6,441 | 739 | |
9904 |
-6,666 | -32,313 | 15,535 | 25,806 | 2,942 | |
9905 |
-6,666 | -32,313 | 15,535 | 25,806 | 2,942 | |
| Appropriation of the result | ||||||
9906 |
5,304 | 11,970 | 44,282 | 28,747 | 2,942 | |
14P |
11,970 | 44,282 | 28,747 | 2,942 | - | |
| Document | ||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00333236 | |
| 31-12-2024 | micro format | 21-08-2025 | 2025-00387684 | |
| 31-12-2023 | micro format | 03-05-2024 | 2024-00080770 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00146911 | |
| 31-12-2021 | micro format | 10-06-2022 | 2022-20055370 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 1,636 | -22,274 | 22,510 | 33,015 | 3,853 | ||
| -5,332 | -30,933 | 16,759 | 26,366 | 3,110 | ||
| 0 | 0 | 805 | 2,595 | 2,391 | ||
| -14,120 | -17,058 | 15,756 | 16,433 | - | ||
| 9,178 | 14,511 | 45,444 | 29,491 | 5,719 | ||
| 3.8% | 6.7% | 20.1% | 77.2% | 76.4% | ||
| 1.04 | 1.06 | 1.23 | 3.96 | 3.33 | ||
| 0.05 | 0.11 | 0.21 | 3.96 | 3.33 | ||
| 25.11 | 13.85 | 3.98 | 0.29 | 0.31 | ||
| -64.7% | -190.4% | 31.5% | 76.5% | 37.0% | ||
| -2.5% | -12.8% | 6.3% | 59.1% | 28.3% | ||
| 0.23 | -2.57 | 13.90 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €805 | €2,595 | €1,500 |
| Intangible fixed assets | - | - | - | - | €891 |
| €1,333 | €1,379 | €1,224 | €561 | €168 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ADFive
The operating result for 2025 is a profit of €303, after a loss of €23,654 in 2024.
Debt's share of the balance-sheet total rises from 93.3% to 96.2%. Equity is lower and debt is higher.