ADN
ActiveSummary
ADN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €363,706 and a net result of -€22,997. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 74% of 393 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-7
Solvency89▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.9 in 2024; short-term debt: 28.2% and cash: 8.6% of total assets), and 35.7% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
38 d early
2023
58 d early
2022
39 d early
2021
47 d early
2020
40 d early
2019
35 d early
← 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 38 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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. Usually files around 22 June (5 of the last 5 filed years within 30 days of that day).
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, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€22,997
2024 · €11,396
Working capital
-€27,434▼ 93.5%
2024 · -€14,177
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing 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
Line20212022202320242025
Operating result€66,726▲ 186%€29,734▼ 55.4%€6,528▼ 78.0%€13,091▲ 101%-€31,246
Net result€44,277within the sector's middle half▲ 181%€22,001within the sector's middle half▼ 50.3%€5,786within the sector's middle half▼ 73.7%€11,396within the sector's middle half▲ 97.0%-€22,997below the sector's middle half
Equity€371,092within the sector's middle half▲ 11.5%€387,200within the sector's middle half▲ 4.3%€387,093within the sector's middle half=€392,596within the sector's middle half▲ 1.4%€363,706above the sector's middle half▼ 7.4%
Total assets€814,433within the sector's middle half▲ 13.2%€788,949within the sector's middle half▼ 3.1%€700,779within the sector's middle half▼ 11.2%€601,379within the sector's middle half▼ 14.2%€565,863within the sector's middle half▼ 5.9%
Debt€394,614▲ 17.5%€355,342▼ 10.0%€269,600▼ 24.1%€167,017▼ 38.1%€162,711▼ 2.6%
Working capital€13,297within the sector's middle half€10,399within the sector's middle half▼ 21.8%-€4,855within the sector's middle half-€14,177within the sector's middle half▼ 192%-€27,434below the sector's middle half▼ 93.5%
Solvency45.6%within the sector's middle half▼ 0.7pp49.1%within the sector's middle half▲ 3.5pp55.2%within the sector's middle half▲ 6.2pp65.3%above the sector's middle half▲ 10.0pp64.3%within the sector's middle half▼ 1.0pp
Current ratio1.05within the sector's middle half▲ 0.071.04within the sector's middle half▼ 0.010.98within the sector's middle half▼ 0.070.90within the sector's middle half▼ 0.070.83below the sector's middle half▼ 0.07
Return on assets (ROA)5.4%within the sector's middle half▲ 3.3pp2.8%within the sector's middle half▼ 2.6pp0.8%within the sector's middle half▼ 2.0pp1.9%within the sector's middle half▲ 1.1pp-4.1%within the sector's middle half▼ 6.0pp
Staff (FTE)1.6below the sector's middle half▼ 36.0%1.4below the sector's middle half▼ 12.5%1.6below the sector's middle half▲ 14.3%1.6within the sector's middle half=1.6within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €31,246 after €13,091 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €559,549
Fixed assets
€427,358 ▼ 8.1%
Current assets
€132,191 ▲ 2.2%
Equity and liabilities €565,863
Equity
€363,706 ▼ 7.4%
Provisions
€39,446 ▼ 5.6%
Debt
€162,711 ▼ 2.6%
Debt's share of the balance-sheet total rises from 27.8% to 28.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12,934▼
2024 · €56,050
Cash flow
€21,182▼
2024 · €54,356
Debt to equity
0.45▲
2024 · 0.43
ROE
-6.3%▼
2024 · 2.9%
Interest coverage
29.78▲
2024 · 26.22
Debt ≤ 1 year
€159,625▲
2024 · €143,500
Income taxes
€254▼
2024 · €8,569
Staff costs
€88,794▲
2024 · €87,473
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 12,321 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €71,970 | €71,076 | €80,897 | €87,473 | €88,794 | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,949 | €35,951 | €41,116 | €42,960 | €44,179 | ▲ 2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,140 | €3,307 | ▲ 54.5% |
| Other operating charges640/8 | €19,884 | €21,407 | €14,084 | €17,467 | €14,684 | ▼ 15.9% |
| Gross operating margin9900 | €201,529 | €158,168 | €142,624 | €163,131 | €119,719 | ▼ 26.6% |
| Operating profit (loss)9901 | €66,726 | €29,734 | €6,528 | €13,091 | -€31,246 | ▼ 339% |
| Financial income75/76B | €5,896 | €5,874 | €6,232 | €6,692 | €6,617 | ▼ 1.1% |
| Recurring financial income75 | €5,896 | €5,874 | €6,232 | €6,692 | €6,617 | ▼ 1.1% |
| Financial charges65/66B | €4,736 | €3,052 | €2,837 | €2,138 | €434 | ▼ 79.7% |
| Recurring financial charges65 | €4,736 | €3,052 | €2,837 | €2,138 | €434 | ▼ 79.7% |
| Profit (loss) for the period before taxes9903 | €67,886 | €32,556 | €9,923 | €17,645 | -€25,063 | ▼ 242% |
| Transfer from deferred taxes780 | €2,320 | €2,320 | €2,320 | €2,320 | €2,320 | = |
| Income taxes67/77 | €25,929 | €12,875 | €6,457 | €8,569 | €254 | ▼ 97.0% |
| Profit (loss) for the period9904 | €44,277 | €22,001 | €5,786 | €11,396 | -€22,997 | ▼ 302% |
| Transfer from tax-exempt reserves789 | €4,506 | €4,506 | €4,506 | €4,506 | €4,506 | = |
| Profit (loss) for the period to be appropriated9905 | €48,784 | €26,507 | €10,292 | €15,902 | -€18,491 | ▼ 216% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €814,433 | €788,949 | €700,779 | €601,379 | €565,863 | ▼ 5.9% |
| Formation expenses20 | - | - | €8,714 | €6,914 | €6,314 | ▼ 8.7% |
| Fixed assets21/28 | €554,131 | €535,714 | €498,413 | €465,142 | €427,358 | ▼ 8.1% |
| Tangible fixed assets22/27 | €553,511 | €535,094 | €497,793 | €464,523 | €426,738 | ▼ 8.1% |
| Land and buildings22 | €503,125 | €478,032 | €452,939 | €427,846 | €402,754 | ▼ 5.9% |
| Plant, machinery and equipment23 | €43,981 | €37,332 | €31,206 | €26,531 | €17,377 | ▼ 34.5% |
| Furniture and vehicles24 | €6,405 | €19,730 | €13,647 | €10,145 | €6,608 | ▼ 34.9% |
| Financial fixed assets28 | €620 | €620 | €620 | €620 | €620 | = |
| Current assets29/58 | €260,302 | €253,235 | €193,653 | €129,323 | €132,191 | ▲ 2.2% |
| Amounts receivable within one year40/41 | €100,647 | €112,289 | €93,301 | €83,484 | €82,595 | ▼ 1.1% |
| Trade receivables40 | €89,901 | €100,704 | €80,231 | €61,286 | €68,250 | ▲ 11.4% |
| Other amounts receivable41 | €10,746 | €11,585 | €13,070 | €22,198 | €14,346 | ▼ 35.4% |
| Cash at bank and in hand54/58 | €158,108 | €136,724 | €99,381 | €45,211 | €48,561 | ▲ 7.4% |
| Deferred charges and accrued income490/1 | €1,548 | €4,222 | €971 | €628 | €1,035 | ▲ 64.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €814,433 | €788,949 | €700,779 | €601,379 | €565,863 | ▼ 5.9% |
| Equity10/15 | €371,092 | €387,200 | €387,093 | €392,596 | €363,706 | ▼ 7.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €165,512 | €187,514 | €193,300 | €204,696 | €200,189 | ▼ 2.2% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | €94,630 | €90,124 | €85,618 | €81,112 | €76,606 | ▼ 5.6% |
| Distributable reserves133 | €69,023 | €95,530 | €105,823 | €121,725 | €121,725 | = |
| Profit (loss) carried forward14 | €148,674 | €148,674 | €148,674 | €148,674 | €130,183 | ▼ 12.4% |
| Investment grants15 | €38,313 | €32,421 | €26,528 | €20,635 | €14,742 | ▼ 28.6% |
| Provisions and deferred taxes16 | €48,727 | €46,407 | €44,086 | €41,766 | €39,446 | ▼ 5.6% |
| Deferred taxes168 | €48,727 | €46,407 | €44,086 | €41,766 | €39,446 | ▼ 5.6% |
| Amounts payable17/49 | €394,614 | €355,342 | €269,600 | €167,017 | €162,711 | ▼ 2.6% |
| Amounts payable after more than one year17 | €146,974 | €111,871 | €66,078 | €19,583 | - | - |
| Financial debts170/4 | €146,974 | €111,871 | €66,078 | €19,583 | - | - |
| Amounts payable within one year42/48 | €247,005 | €242,836 | €198,508 | €143,500 | €159,625 | ▲ 11.2% |
| Current portion of amounts payable after more than one year42 | €58,094 | €48,831 | €45,794 | €46,495 | €19,583 | ▼ 57.9% |
| Trade debts44 | €138,464 | €141,256 | €120,229 | €77,659 | €122,724 | ▲ 58.0% |
| Suppliers440/4 | €138,464 | €141,256 | €120,229 | €77,659 | €122,724 | ▲ 58.0% |
| Advances received on contracts in progress46 | - | - | - | €2,278 | €1,268 | ▼ 44.3% |
| Taxes, remuneration and social security45 | €34,015 | €36,366 | €16,102 | €15,215 | €14,198 | ▼ 6.7% |
| Taxes450/3 | €25,928 | €31,803 | €7,338 | €4,878 | €3,824 | ▼ 21.6% |
| Remuneration and social security454/9 | €8,086 | €4,563 | €8,764 | €10,336 | €10,374 | ▲ 0.4% |
| Other amounts payable47/48 | €16,433 | €16,383 | €16,383 | €1,852 | €1,852 | = |
| Accrued charges and deferred income492/3 | €635 | €635 | €5,014 | €3,934 | €3,086 | ▼ 21.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,277 | €22,001 | €5,786 | €11,396 | -€22,997 | ▼ 302% |
| + Depreciation and write-downs630 | €42,949 | €35,951 | €41,116 | €42,960 | €44,179 | ▲ 2.8% |
| Operating cash flow (approximation) | €87,226 | €57,952 | €46,901 | €54,356 | €21,182 | ▼ 61.0% |
| Investment in fixed assets (approximation) | - | -€17,534 | -€3,814 | -€9,690 | -€6,395 | ▲ 34.0% |
| Change in cash | - | -€21,384 | -€37,342 | -€54,170 | €3,349 | ▲ 106% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€22,997
Net result drops to -€22,997, the lowest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €44,277 ▲181%
Operating result €66,726, net result €44,277, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €15,734
Net result €15,734 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Schaarbeek · 1 establishment unit since 1999
Ground area
422 m²
Building footprint
404 m²
Volume, LiDAR
3,321 m³
Parcel 21906D0067/00G005, Brussels · tallest building 16.5 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
A.D.N.
since 19992.090.838.562
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0067/00G005 | Brussels | 422 m² | 1 · 404 m² | 16.5 m · 3 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 1,059 companies in sector 59120 we hold annual accounts for 450. 292 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
Founded14-12-1998
Fiscal year end31-12
Trade name FR
ADN STUDIO
Activities, NACEBEL 2025
59120Post-production of films, video and television programmes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464826176
Also
9925:BE0464826176
Registered
20-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.