ADG STUDIOS
ActiveSummary
The annual accounts of ADG STUDIOS for fiscal year 2024 show a net loss of 59% of the equity at the start of that year. The 2024 annual accounts show equity of €4k and a net result of €-6k. Its solvency ranks better than 30% of 2464 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability1▼-99
Solvency48▼-10
Growth32
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.45 against 0.66 in 2023; short-term debt: 77% and cash: 16.8% of total assets), and 77% of the assets are financed with debt.
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Signals
Four 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
23%
Return on assets
-33.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€4k▼ 59.4%
2023 · €10k
Total assets
€18k▼ 41.1%
2023 · €31k
Net result
€-6k
2023 · €9k
Working capital
€-8k▼ 10.8%
2023 · €-7k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result€12k-€-6k
Net result€9k-€-6k
Equity€10k-€4k▼ 59.4%
Total assets€31k-€18k▼ 41.1%
Debt€21k-€14k▼ 32.0%
Working capital€-7k-€-8k▼ 10.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6k after €12k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18k
Fixed assets
€12k ▼ 31.0%
Current assets
€6k ▼ 53.9%
Equity and liabilities €18k
Equity
€4k ▼ 59.4%
Debt
€14k ▼ 32.0%
Debt's share of the balance-sheet total rises from 66.7% to 77.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€43▼
2023 · €19k
Cash flow
€-203▼
2023 · €16k
Current ratio
0.45▼
2023 · 0.66
Debt to equity
3.36▲
2023 · 2.00
ROE
-146.2%▼
2023 · 85.6%
ROA
-33.6%▼
2023 · 28.5%
Interest coverage
0.16▼
2023 · 416.96
Debt ≤ 1 year
€14k▼
2023 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €6k | ▼ 12.9% |
| Other operating charges640/8 | €320 | €177 | ▼ 44.9% |
| Gross operating margin9900 | €19k | €220 | ▼ 98.9% |
| Operating profit (loss)9901 | €12k | €-6k | ▼ 149% |
| Financial income75/76B | €65 | €28 | ▼ 57.0% |
| Recurring financial income75 | €65 | €28 | ▼ 57.0% |
| Financial charges65/66B | €45 | €274 | ▲ 504% |
| Recurring financial charges65 | €45 | €274 | ▲ 504% |
| Profit (loss) for the period before taxes9903 | €12k | €-6k | ▼ 151% |
| Income taxes67/77 | €3k | - | - |
| Profit (loss) for the period9904 | €9k | €-6k | ▼ 169% |
| Profit (loss) for the period to be appropriated9905 | €9k | €-6k | ▼ 169% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €31k | €18k | ▼ 41.1% |
| Fixed assets21/28 | €17k | €12k | ▼ 31.0% |
| Tangible fixed assets22/27 | €17k | €12k | ▼ 31.8% |
| Furniture and vehicles24 | €17k | €12k | ▼ 31.8% |
| Financial fixed assets28 | €400 | €400 | = |
| Current assets29/58 | €14k | €6k | ▼ 53.9% |
| Amounts receivable within one year40/41 | €3k | €3k | = |
| Trade receivables40 | €3k | €3k | ▼ 0.2% |
| Other amounts receivable41 | €10 | €19 | ▲ 79.9% |
| Cash at bank and in hand54/58 | €11k | €3k | ▼ 70.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €31k | €18k | ▼ 41.1% |
| Equity10/15 | €10k | €4k | ▼ 59.4% |
| Contributions10/11 | €2k | €2k | = |
| Reserves13 | €9k | €9k | = |
| Distributable reserves133 | €9k | €9k | = |
| Profit (loss) carried forward14 | €1 | €-6k | ▼ 694,001% |
| Amounts payable17/49 | €21k | €14k | ▼ 32.0% |
| Amounts payable within one year42/48 | €21k | €14k | ▼ 32.0% |
| Trade debts44 | €3k | - | - |
| Suppliers440/4 | €3k | - | - |
| Taxes, remuneration and social security45 | €11k | €10k | ▼ 5.2% |
| Taxes450/3 | €11k | €6k | ▼ 41.3% |
| Remuneration and social security454/9 | - | €4k | - |
| Other amounts payable47/48 | €7k | €4k | ▼ 47.5% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-6k | ▼ 169% |
| + Depreciation and write-downs630 | €7k | €6k | ▼ 12.9% |
| Operating cash flow (approximation) | €16k | €-203 | ▼ 101% |
| Investment in fixed assets (approximation) | - | €-560 | - |
| Change in cash | - | €-7k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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, Dilbeek · 1 establishment unit since 2023
Ground area
230 m²
Building footprint
104 m²
Volume, LiDAR
601 m³
Parcel 23026B0235/00P003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADG STUDIOS
since 20232.339.744.225
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026B0235/00P003 | Flanders | 230 m² | 1 · 104 m² | 10.0 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 8,315 companies in sector 90201 we hold annual accounts for 602. 224 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
Founded29-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
Contact
Website
linktr.ee/aarondegroeve
E-mail
degroeveaaron@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.