ADMIN ET VOUS
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 6 filings
Turnover
≈ €94,000
Estimated: probably between €67,000 and €130,000
Total assets
€23,632▼ 28.0%
2024 · €32,831
Net result
-€1,761▼ 29.1%
2024 · -€1,364
Working capital
-€7,443▲ 69.6%
2024 · -€24,480
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€1,682
▼ 52.2%
2025
20202025
Net result
-€1,761
▼ 29.1%
2025
lowest quarter of the sector
20202025
Equity
-€15,257
▲ 16.0%
2025
lowest quarter of the sector
20202025
Total assets
€23,632
▼ 28.0%
2025
lowest quarter of the sector
20202025
Debt
€30,820
▼ 39.6%
2025
20202025
Working capital
-€7,443
▲ 69.6%
2025
lowest quarter of the sector
20202025
Solvency
-64.6%
▼ 9.2pp
2025
lowest quarter of the sector
20202025
Current ratio
0.76
▲ 0.44
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
-7.5%
▼ 3.3pp
2025
lowest quarter of the sector
20202025
Staff (FTE)
no figure
2025
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result-€2,985-€10,388€2,659▼ 74.4%-€15,987€3,518€1,682▼ 52.2%
Net result-€2,996below the sector's middle half-€5,983below the sector's middle half-€1,601below the sector's middle half-€19,239below the sector's middle half▼ 1,102%-€1,364below the sector's middle half▲ 92.9%-€1,761below the sector's middle half▼ 29.1%
Equity€1,004below the sector's middle half-€6,987below the sector's middle half▲ 596%€2,436below the sector's middle half▼ 65.1%-€16,803below the sector's middle half-€18,167below the sector's middle half▼ 8.1%-€15,257below the sector's middle half▲ 16.0%
Total assets€4,964below the sector's middle half-€28,340below the sector's middle half▲ 471%€47,377below the sector's middle half▲ 67.2%€58,658below the sector's middle half▲ 23.8%€32,831below the sector's middle half▼ 44.0%€23,632below the sector's middle half▼ 28.0%
Debt€3,960-€21,353▲ 439%€44,942▲ 110%€75,461▲ 67.9%€50,998▼ 32.4%€30,820▼ 39.6%
Working capital-€1,568below the sector's middle half-€2,375below the sector's middle half-€1,054below the sector's middle half-€24,699below the sector's middle half▼ 2,244%-€24,480below the sector's middle half▲ 0.9%-€7,443below the sector's middle half▲ 69.6%
Solvency24.7%below the sector's middle half5.1%below the sector's middle half▼ 19.5pp-28.6%below the sector's middle half▼ 33.8pp-55.3%below the sector's middle half▼ 26.7pp-64.6%below the sector's middle half▼ 9.2pp
Current ratio1.11below the sector's middle half0.98below the sector's middle half▼ 0.140.54below the sector's middle half▼ 0.430.32below the sector's middle half▼ 0.230.76below the sector's middle half▲ 0.44
Return on assets (ROA)21.1%within the sector's middle half-3.4%below the sector's middle half▼ 24.5pp-32.8%below the sector's middle half▼ 29.4pp-4.2%below the sector's middle half▲ 28.6pp-7.5%below the sector's middle half▼ 3.3pp
Staff (FTE)0.21▲ 400%1=
above
within
below
The sector band is the middle half of the companies in Human health activities (NACE 86). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 52% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,632
Fixed assets
€336 ▼ 98.4%
Current assets
€23,296 ▲ 105%
Equity and liabilities
Equity-€15,257
Debt€30,820
Equity is negative. Debt (€30,820) exceeds the balance-sheet total (€23,632).
Key figures and ratios
EBITDA
€2,304▼
2024 · €11,304
Cash flow
-€1,139▼
2024 · €6,422
Interest coverage
0.67▼
2024 · 2.62
Debt ≤ 1 year
€30,739▼
2024 · €35,816
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | - |
| full-time | 0 | 0 | - |
| part-time | 1 | 1 | - |
| in full-time equivalents | 0.6 | 0.6 | - |
| Average over the year, in full-time equivalents | 0.1 | 0.6 | 0.6 |
| Joined | 1 | 1 | 0 |
| Left | 0 | 0 | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,879 | €982 | €32,075 | - | - |
| Financial fixed assets | €100 | - | - | - | - |
| Depreciation and write-downs of the year | €1,440 | €1,917 | €6,284 | €7,787 | €622 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2,504 | €30,737 | €15,852 | -€46 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,291 | €1,440 | €1,917 | €6,284 | €7,787 | €622 | ▼ 92.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | €8,069 | - |
| Other operating charges640/8 | - | €4,456 | €4,736 | €4,418 | €3,201 | €21,912 | ▲ 584% |
| Non-recurring operating charges66A | - | €1,418 | €1,443 | €1,279 | €0 | - | - |
| Gross operating margin9900 | €1,071 | €20,207 | €41,492 | €11,846 | €14,460 | €32,285 | ▲ 123% |
| Operating profit (loss)9901 | -€2,985 | €10,388 | €2,659 | -€15,987 | €3,518 | €1,682 | ▼ 52.2% |
| Financial income75/76B | - | €0 | €7 | €7 | €0 | - | - |
| Recurring financial income75 | €3 | €0 | €7 | €7 | €0 | - | - |
| Financial charges65/66B | - | €785 | €1,285 | €2,921 | €4,315 | €3,443 | ▼ 20.2% |
| Recurring financial charges65 | €14 | €785 | €997 | €2,921 | €4,315 | €3,443 | ▼ 20.2% |
| Non-recurring financial charges66B | - | - | €288 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€2,996 | €9,604 | €1,381 | -€18,901 | -€797 | -€1,761 | ▼ 121% |
| Income taxes67/77 | - | €3,621 | €2,981 | €338 | €567 | - | - |
| Profit (loss) for the period9904 | -€2,996 | €5,983 | -€1,601 | -€19,239 | -€1,364 | -€1,761 | ▼ 29.1% |
| Profit (loss) for the period to be appropriated9905 | -€2,996 | €5,983 | -€1,601 | -€19,239 | -€1,364 | -€1,761 | ▼ 29.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €4,964 | €28,340 | €47,377 | €58,658 | €32,831 | €23,632 | ▼ 28.0% |
| Fixed assets21/28 | €2,572 | €4,713 | €3,490 | €29,281 | €21,494 | €336 | ▼ 98.4% |
| Intangible fixed assets21 | €393 | €153 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €2,179 | €4,460 | €3,389 | €29,180 | €21,394 | €336 | ▼ 98.4% |
| Furniture and vehicles24 | - | €4,096 | €3,161 | €29,088 | €21,394 | €336 | ▼ 98.4% |
| Other tangible fixed assets26 | - | €365 | €229 | €93 | €0 | - | - |
| Financial fixed assets28 | - | €100 | €100 | €100 | €100 | - | - |
| Current assets29/58 | €2,392 | €23,627 | €43,888 | €29,377 | €11,336 | €23,296 | ▲ 105% |
| Amounts receivable within one year40/41 | €1,152 | €22,571 | €43,013 | €28,741 | €10,636 | €15,373 | ▲ 44.5% |
| Trade receivables40 | - | €9,534 | €9,801 | €9,526 | €10,636 | €12,690 | ▲ 19.3% |
| Other amounts receivable41 | - | €13,036 | €33,213 | €19,215 | €0 | €2,683 | - |
| Cash at bank and in hand54/58 | €822 | €613 | €0 | €65 | €65 | €7,087 | ▲ 109× |
| Deferred charges and accrued income490/1 | - | €443 | €875 | €571 | €635 | €836 | ▲ 31.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €4,964 | €28,340 | €47,377 | €58,658 | €32,831 | €23,632 | ▼ 28.0% |
| Equity10/15 | €1,004 | €6,987 | €2,436 | -€16,803 | -€18,167 | -€15,257 | ▲ 16.0% |
| Contributions10/11 | - | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | - | €2,950 | €0 | - | - | - | - |
| Distributable reserves133 | - | €2,950 | €0 | - | - | - | - |
| Profit (loss) carried forward14 | -€2,996 | €37 | -€1,564 | -€20,803 | -€22,167 | -€19,257 | ▲ 13.1% |
| Provisions and deferred taxes16 | - | - | - | - | - | €8,069 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | €8,069 | - |
| Other liabilities and charges164/5 | - | - | - | - | - | €8,069 | - |
| Amounts payable17/49 | €3,960 | €21,353 | €44,942 | €75,461 | €50,998 | €30,820 | ▼ 39.6% |
| Amounts payable after more than one year17 | - | - | - | €21,385 | €15,182 | - | - |
| Financial debts170/4 | - | - | - | €21,385 | €15,182 | - | - |
| Amounts payable within one year42/48 | €3,960 | €21,252 | €44,942 | €54,076 | €35,816 | €30,739 | ▼ 14.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,892 | €6,203 | - | - |
| Financial debts43 | - | - | €4,919 | €9,781 | €2,455 | - | - |
| Credit institutions430/8 | - | - | €4,919 | €9,781 | €2,455 | - | - |
| Trade debts44 | €1,367 | €7,990 | €27,288 | €27,168 | €13,121 | €16,584 | ▲ 26.4% |
| Suppliers440/4 | - | €7,990 | €27,288 | €27,168 | €13,121 | €16,584 | ▲ 26.4% |
| Taxes, remuneration and social security45 | - | €13,205 | €11,640 | €5,833 | €3,197 | - | - |
| Taxes450/3 | - | €8,632 | €5,535 | €4,333 | €3,197 | - | - |
| Remuneration and social security454/9 | - | €4,573 | €6,105 | €1,500 | €0 | - | - |
| Other amounts payable47/48 | - | €56 | €1,095 | €5,403 | €10,841 | €14,155 | ▲ 30.6% |
| Accrued charges and deferred income492/3 | - | €101 | €0 | - | - | €81 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,996 | €5,983 | -€1,601 | -€19,239 | -€1,364 | -€1,761 | ▼ 29.1% |
| + Depreciation and write-downs630 | €3,291 | €1,440 | €1,917 | €6,284 | €7,787 | €622 | ▼ 92.0% |
| Operating cash flow (approximation) | €295 | €7,423 | €317 | -€12,955 | €6,422 | -€1,139 | - |
| Investment in fixed assets (approximation) | - | -€3,581 | -€694 | -€32,075 | €0 | €20,536 | - |
| Change in cash | - | -€209 | -€613 | €65 | €0 | €7,022 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,564 companies had the same profile as ADMIN ET VOUS has now. Two years later, 88.9% were still going and 5.1% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
88.9%
was still going
5.4%
stopped otherwise
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ADMIN ET VOUS itself is lower: 0.2% within 12 months. It rests on far more data about ADMIN ET VOUS than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,564 companies, not a prediction for ADMIN ET VOUS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-07-2026 | 2026-00284856 | |
| 31-12-2024 | micro format | 24-11-2025 | 2025-00570382 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00406274 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00353406 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20310978 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58200559 |