ADMIN - AZ
ActiveSummary
ADMIN - AZ has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129,290 and a net result of €6,407. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 84% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-13
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 7.06 against 6.79 in 2024; short-term debt: 13.9% and cash: 0.7% of total assets), and 14.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
85.3%
Return on assets
4.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
21 d late
2022
52 d late
2020
61 d late
2016
149 d late
2014
132 d late
2013
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 66 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€129,290▲ 5.2%
2024 · €122,883
Total assets
€151,497▲ 4.5%
2024 · €144,980
Net result
€6,407▼ 52.7%
2024 · €13,559
Working capital
€127,491▲ 5.3%
2024 · €121,084
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202220242025
Operating result€7,952-€9-€12,493-€2,895▼ 76.8%
Net result€12,545within the sector's middle half-€1,979below the sector's middle half-€13,559within the sector's middle half-€6,407below the sector's middle half▼ 52.7%
Equity€86,145within the sector's middle half-€98,309within the sector's middle half-€122,883within the sector's middle half-€129,290within the sector's middle half▲ 5.2%
Total assets€117,725within the sector's middle half-€116,335within the sector's middle half-€144,980within the sector's middle half-€151,497within the sector's middle half▲ 4.5%
Debt€31,580-€18,026-€22,098-€22,207▲ 0.5%
Working capital€83,962within the sector's middle half-€96,126within the sector's middle half-€121,084within the sector's middle half-€127,491within the sector's middle half▲ 5.3%
Solvency73.2%within the sector's middle half-84.5%above the sector's middle half-84.8%above the sector's middle half-85.3%above the sector's middle half▲ 0.6pp
Current ratio3.73within the sector's middle half-6.58above the sector's middle half-6.79above the sector's middle half-7.06above the sector's middle half▲ 0.27
Return on assets (ROA)10.7%within the sector's middle half-1.7%below the sector's middle half-9.4%within the sector's middle half-4.2%below the sector's middle half▼ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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 falls in 2025; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151,497
Fixed assets
€2,983 =
Current assets
€148,513 ▲ 4.6%
Equity and liabilities €151,497
Equity
€129,290 ▲ 5.2%
Debt
€22,207 ▲ 0.5%
Debt's share of the balance-sheet total falls from 15.2% to 14.7%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.17▼
2024 · 0.18
ROE
5.0%▼
2024 · 11.0%
Debt ≤ 1 year
€21,023▲
2024 · €20,913
Debt > 1 year
€800=
2024 · €800
Income taxes
€2,329▼
2024 · €4,767
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 | 2020 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Gross operating margin9900 | €8,052 | €9 | €12,493 | €2,895 | ▼ 76.8% |
| Operating profit (loss)9901 | €7,952 | €9 | €12,493 | €2,895 | ▼ 76.8% |
| Financial income75/76B | - | €5,756 | €6,812 | €6,558 | ▼ 3.7% |
| Recurring financial income75 | €8,896 | €5,756 | €6,812 | €6,558 | ▼ 3.7% |
| Financial charges65/66B | - | €2,209 | €978 | €718 | ▼ 26.6% |
| Recurring financial charges65 | €1,120 | €2,209 | €978 | €718 | ▼ 26.6% |
| Profit (loss) for the period before taxes9903 | €15,728 | €3,557 | €18,326 | €8,736 | ▼ 52.3% |
| Income taxes67/77 | €3,183 | €1,577 | €4,767 | €2,329 | ▼ 51.1% |
| Profit (loss) for the period9904 | €12,545 | €1,979 | €13,559 | €6,407 | ▼ 52.7% |
| Profit (loss) for the period to be appropriated9905 | €12,545 | €1,979 | €13,559 | €6,407 | ▼ 52.7% |
| Line | 2020 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €117,725 | €116,335 | €144,980 | €151,497 | ▲ 4.5% |
| Fixed assets21/28 | €2,983 | €2,983 | €2,983 | €2,983 | = |
| Tangible fixed assets22/27 | €383 | €383 | €383 | €383 | = |
| Furniture and vehicles24 | - | €325 | €325 | €325 | = |
| Other tangible fixed assets26 | - | €59 | €59 | €59 | = |
| Financial fixed assets28 | €2,600 | €2,600 | €2,600 | €2,600 | = |
| Current assets29/58 | €114,741 | €113,351 | €141,997 | €148,513 | ▲ 4.6% |
| Amounts receivable after more than one year29 | - | €100,000 | - | - | - |
| Other amounts receivable291 | - | €100,000 | - | - | - |
| Amounts receivable within one year40/41 | €70,845 | €7,595 | €134,930 | €140,924 | ▲ 4.4% |
| Trade receivables40 | - | €7,126 | €26,689 | €21,047 | ▼ 21.1% |
| Other amounts receivable41 | - | €469 | €108,241 | €119,878 | ▲ 10.8% |
| Cash at bank and in hand54/58 | - | - | €255 | €1,031 | ▲ 304% |
| Deferred charges and accrued income490/1 | - | €5,756 | €6,812 | €6,558 | ▼ 3.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €117,725 | €116,335 | €144,980 | €151,497 | ▲ 4.5% |
| Equity10/15 | €86,145 | €98,309 | €122,883 | €129,290 | ▲ 5.2% |
| Contributions10/11 | €13,809 | €13,809 | €13,809 | €13,809 | = |
| Profit (loss) carried forward14 | €72,337 | €84,501 | €109,074 | €115,481 | ▲ 5.9% |
| Amounts payable17/49 | €31,580 | €18,026 | €22,098 | €22,207 | ▲ 0.5% |
| Amounts payable after more than one year17 | €800 | €800 | €800 | €800 | = |
| Other amounts payable178/9 | - | €800 | €800 | €800 | = |
| Amounts payable within one year42/48 | €30,780 | €17,226 | €20,913 | €21,023 | ▲ 0.5% |
| Financial debts43 | - | €4,339 | - | - | - |
| Credit institutions430/8 | - | €4,339 | - | - | - |
| Trade debts44 | €2,603 | €5,228 | €6,052 | €9,824 | ▲ 62.3% |
| Suppliers440/4 | - | €5,228 | €6,052 | €9,824 | ▲ 62.3% |
| Taxes, remuneration and social security45 | - | €7,659 | €11,861 | €8,199 | ▼ 30.9% |
| Taxes450/3 | - | €7,659 | €11,861 | €8,199 | ▼ 30.9% |
| Other amounts payable47/48 | - | - | €3,000 | €3,000 | = |
| Accrued charges and deferred income492/3 | - | - | €384 | €384 | = |
| Line | 2020 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,545 | €1,979 | €13,559 | €6,407 | ▼ 52.7% |
| Operating cash flow (approximation) | €12,545 | €1,979 | €13,559 | €6,407 | ▼ 52.7% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - |
| Change in cash | - | - | - | €776 | - |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Highest result since 2020net €13,559 ▲585%
Operating result €12,493, net result €13,559, both a record.
31-12
Financial
Equity above €100,000Eq €122,883 ▲25%
3 profitable years in a row build equity to €122,883.
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
31-12
Financial
Weakest financial yearnet €1,979 ▼84.2%
Net result drops to €1,979, the lowest in the series; recovery starts the following year.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 149 days late
2015
10-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 132 days late
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 31 days late
2013
30-09
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 61 days late
2011
31-10
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 92 days late
2009
31-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Nivelles · 2 establishment units since 2002
Ground area
1,586 m²
Building footprint
309 m²
Volume, LiDAR
3,405 m³
3 parcels, Wallonia · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Avenue Général-Jacques 17A, 1400 Nivelles
since 20022.191.421.822
Drève des Chasseurs 27, 1410 Waterloo
since 20102.191.422.416
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762H0599/00B000 | Wallonia | 697 m² | 1 · 144 m² | 11.1 m · 3 fl. |
| 25782C0400/00Z008 | Wallonia | 505 m² | 1 · 95 m² | 13.6 m · 4 fl. |
| 25782C0400/00A008 | Wallonia | 384 m² | 1 · 71 m² | 14.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,531 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
Founded08-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477492792
Registered
03-04-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.