Equity
Equity fell by 84% in 7 years.
Equity fell by 84% in 7 years.
The accounts state no turnover.
Short-term debts fell from €8,415 to €2,534.
Four of the last ten came late. The 2020 accounts came latest: 55 days after the end of the period.
Less equity than 86% of companies in advertising and market research. Sector median €506,794 · 847 companies.
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 87% of them on solvency, 89% on liquidity, 88% on profitability and 82% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as AdminSolutions has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of AdminSolutions itself: < 0.1% within 12 months.
The method was tested on the 497,447 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 34,693 companies, not a prediction for AdminSolutions. 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.
Liquidity is ample, with a current ratio of 4.82 (1.64 in 2024), above the usual 1.5. Short-term debt is 17.3% and cash 55.4% of total assets. 17.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 76 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| AdminSolutions Woluwe-Saint-Pierre | €14,648 | €5,761 | 82.7% | - |
| BALIOS Soumagne | €17,307 | €6,388 | 67.0% | - |
| VILCHES Brussels | €20,851 | €5,603 | 15.2% | - |
| ELCA CONSULTING Schaerbeek | €10,969 | €7,507 | 50.4% | - |
| J-une Ottignies-Louvain-la-Neuve | €18,471 | €6,090 | 46.3% | - |
| SAFE ZONES Ranst | €15,293 | €8,012 | -20.5% | - |
| MGS AGENCY Waterloo | €17,206 | €4,455 | 23.8% | - |
These companies have the same main activity as AdminSolutions: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €11,000 and €20,900, founded between 2014 and 2016.
AdminSolutions has existed since 2014. The gross margin grew from €1,107 in 2015 to €5,761 in 2025.
The gross margin has grown every year since 2022. Solvency rose in 2025 from 49.6% to 82.7% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €36,000. Estimated: probably between €15,000 and €60,000.
Higher than 83% of 846 companies in 2025.
Higher than 80% of 813 companies in 2025.
Higher than 91% of 837 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
14,648 | 16,683 | 16,075 | 9,793 | 37,559 | 36,462 | 80,317 | 81,182 | 97,639 | 61,041 | 16,489 | |
21/28 |
2,438 | 2,862 | 1,628 | 1,920 | 2,360 | 2,799 | 1,628 | 1,628 | 2,059 | 2,491 | 1,628 | |
22/27 |
811 | 1,235 | - | 293 | 732 | 1,171 | - | - | 432 | 863 | - | |
24 |
811 | 1,235 | - | 293 | 732 | 1,171 | - | - | 432 | 863 | - | |
28 |
1,628 | 1,628 | 1,628 | 1,628 | 1,628 | 1,628 | 1,628 | 1,628 | 1,628 | 1,628 | 1,628 | |
29/58 |
12,210 | 13,821 | 14,447 | 7,873 | 35,199 | 33,663 | 78,690 | 79,554 | 95,579 | 58,550 | 14,861 | |
40/41 |
4,101 | 5,052 | 4,855 | 2,031 | 4,459 | 3,516 | 6,066 | 4,135 | 10,543 | 18,192 | 8,513 | |
40 |
3,978 | 5,052 | 4,855 | 2,031 | 3,739 | 1,656 | 5,765 | 3,740 | 10,543 | 16,173 | 6,122 | |
41 |
124 | - | - | - | 720 | 1,860 | 301 | 395 | - | 2,019 | 2,391 | |
54/58 |
8,109 | 8,769 | 9,593 | 5,842 | 30,740 | 30,147 | 72,624 | 75,419 | 85,036 | 39,605 | 4,842 | |
490/1 |
- | - | - | - | - | - | - | - | - | 754 | 1,507 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
14,648 | 16,683 | 16,075 | 9,793 | 37,559 | 36,462 | 80,317 | 81,182 | 97,639 | 61,041 | 16,489 | |
10/15 |
12,114 | 8,268 | 10,316 | 8,613 | 8,060 | 33,391 | 29,223 | 76,216 | 69,515 | 33,980 | 5,865 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | - | |
1319 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
133 |
1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
14 |
4,054 | 208 | 2,256 | 553 | 0 | 25,331 | 21,163 | 68,156 | 61,455 | 25,920 | -335 | |
17/49 |
2,534 | 8,415 | 5,759 | 1,181 | 29,499 | 3,071 | 51,094 | 4,965 | 28,124 | 27,061 | 10,624 | |
42/48 |
2,534 | 8,415 | 5,759 | 1,181 | 29,499 | 3,071 | 51,094 | 4,965 | 28,124 | 27,061 | 10,624 | |
44 |
452 | 639 | 4,893 | 490 | 73 | 1,010 | 361 | 4,333 | 21,071 | 10,162 | 2,899 | |
440/4 |
452 | 639 | 4,893 | 490 | 73 | 1,010 | 361 | 4,333 | 21,071 | 10,162 | 2,899 | |
45 |
1,338 | 1,177 | 195 | 236 | 1,032 | - | 255 | 378 | 2,631 | 5,322 | - | |
450/3 |
1,338 | 1,177 | 195 | 236 | 1,032 | - | 255 | 378 | 2,631 | 5,322 | - | |
47/48 |
744 | 6,599 | 670 | 455 | 28,394 | 2,061 | 50,479 | 255 | 4,422 | 11,577 | 7,724 | |
| Income statement | ||||||||||||
9900 |
5,761 | 5,545 | 2,221 | 1,943 | 3,565 | 5,523 | 5,199 | 11,747 | 56,910 | 46,085 | 1,107 | |
630 |
424 | 37 | 293 | 439 | 439 | 146 | - | 432 | 432 | 432 | - | |
640/8 |
- | - | - | 249 | 245 | 244 | 240 | 665 | 354 | 569 | 948 | |
9901 |
5,337 | 5,508 | 1,928 | 1,255 | 2,881 | 5,132 | 4,960 | 10,649 | 56,125 | 45,085 | 159 | |
75/76B |
137 | 121 | 0 | - | 2 | 31 | 17 | 91 | 189 | 29 | 10 | |
75 |
137 | 121 | 0 | - | 2 | 31 | 17 | 91 | 189 | 29 | 10 | |
65/66B |
176 | 263 | 120 | 120 | 120 | 144 | 99 | 210 | 410 | 504 | 123 | |
65 |
176 | 263 | 120 | 120 | 120 | 144 | 99 | 210 | 410 | 504 | 123 | |
9903 |
5,298 | 5,366 | 1,808 | 1,135 | 2,762 | 5,019 | 4,877 | 10,530 | 55,903 | 44,610 | 46 | |
67/77 |
1,452 | 1,415 | 104 | 583 | 1,073 | 852 | 1,871 | 3,828 | 20,368 | 16,495 | 381 | |
9904 |
3,846 | 3,952 | 1,703 | 553 | 1,690 | 4,168 | 3,007 | 6,702 | 35,535 | 28,115 | -335 | |
9905 |
3,846 | 3,952 | 1,703 | 553 | 1,690 | 4,168 | 3,007 | 6,702 | 35,535 | 28,115 | -335 | |
| Appropriation of the result | ||||||||||||
9906 |
4,054 | 6,208 | 2,256 | 553 | 27,020 | 25,331 | 71,163 | 68,156 | 61,455 | 27,780 | -335 | |
14P |
208 | 2,256 | 553 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 1,860 | - | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | - | |
694/7 |
- | 6,000 | - | - | 27,020 | - | 50,000 | - | - | - | - | |
694 |
- | 6,000 | - | - | 27,020 | - | 50,000 | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 26-05-2026 | 2026-00124942 | |
| 31-12-2024 | full format | 05-02-2025 | 2025-00030453 | |
| 31-12-2023 | full format | 11-03-2024 | 2024-00043074 | |
| 31-12-2022 | full format | 12-06-2023 | 2023-00126246 | |
| 31-12-2021 | full format | 08-02-2022 | 2022-05200501 | |
| 31-12-2020 | full format | 24-09-2021 | 2021-68300235 | |
| 31-12-2019 | full format | 19-08-2020 | 2020-42100070 | |
| 31-12-2018 | full format | 16-08-2019 | 2019-46700275 | |
| 31-12-2017 | full format | 10-07-2018 | 2018-30400105 | |
| 31-12-2016 | full format | 21-08-2017 | 2017-44500498 | |
| 31-12-2015 | full format | 29-08-2016 | 2016-48200037 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,761 | 5,545 | 2,221 | 1,694 | 3,320 | 5,279 | - | 11,081 | 56,556 | 45,517 | - | ||
| 4,270 | 3,989 | 1,996 | 992 | 2,129 | 4,314 | - | 7,134 | 35,967 | 28,546 | - | ||
| 0 | 1,272 | 0 | 0 | 0 | 1,318 | - | 0 | 0 | 1,295 | 1,628 | ||
| -660 | -824 | 3,751 | -24,898 | 594 | -42,477 | -2,795 | -9,617 | 45,431 | 34,763 | - | ||
| 9,676 | 5,405 | 8,689 | 6,692 | 5,700 | 30,592 | 27,595 | 74,589 | 67,455 | 31,489 | 4,237 | ||
| 82.7% | 49.6% | 64.2% | 87.9% | 21.5% | 91.6% | 36.4% | 93.9% | 71.2% | 55.7% | 35.6% | ||
| 4.82 | 1.64 | 2.51 | 6.67 | 1.19 | 10.96 | 1.54 | 16.02 | 3.40 | 2.16 | 1.40 | ||
| 0.21 | 1.02 | 0.56 | 0.14 | 3.66 | 0.09 | 1.75 | 0.07 | 0.40 | 0.80 | 1.81 | ||
| 31.8% | 47.8% | 16.5% | 6.4% | 21.0% | 12.5% | 10.3% | 8.8% | 51.1% | 82.7% | -5.7% | ||
| 26.3% | 23.7% | 10.6% | 5.6% | 4.5% | 11.4% | 3.7% | 8.3% | 36.4% | 46.1% | -2.0% | ||
| 32.65 | 21.08 | 18.44 | 14.12 | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,272 | - | - |
| €424 | €37 | €293 | €439 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 3% lower than in 2024.
Debt's share of the balance-sheet total falls from 50.4% to 17.3%. Equity is higher and debt is lower.
AdminSolutions has no parent and no holdings in its annual accounts. CEGIELKO Agnieszka is the only director. AdminSolutions shares no director with another company.
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| IMMOCHOU
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Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Tervurenlaan 412 registered office 1150 Woluwe-Saint-Pierre | 21-10-2014 | 2.236.483.270 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21682C0149/00M002 | 2,170 m² | 1 · 758 m² | 18.8 m · 5 |
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