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ADOD

Active
Private limited companyfounded 20169 yrs activeEeklostraat 43, 9030 Gent, BelgiumKBO/BCE: BE 0665.849.768
Summary

ADOD has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €194,770 and a net result of €44,724. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 77% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability92▼-2
Solvency100▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 3.65 against 1.82 in 2023; short-term debt: 18.3% and cash: 11.6% of total assets), and 19% of the assets are financed with debt.
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Signals

Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 5 filings
Deviation from the deadline
2025
not confirmed
2024
30 d late
2023
76 d late
2022
29 d late
2021
29 d late
2020
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 39 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ADOD was incorporated on 31 October 2016.1 Total assets rose from EUR 156,281 in 2020 to EUR 240,500 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€194,770▲ 29.8%
2023 · €150,046
Total assets
€240,500▲ 1.7%
2023 · €236,564
Net result
€44,724▼ 6.7%
2023 · €47,940
Working capital
€116,687▲ 67.1%
2023 · €69,823
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20202021202220232024
Operating result€14,700-€40,735▲ 177%€61,138▲ 50.1%€61,541▲ 0.7%€58,169▼ 5.5%
Net result€8,955within the sector's middle half-€25,494within the sector's middle half▲ 185%€46,989within the sector's middle half▲ 84.3%€47,940within the sector's middle half▲ 2.0%€44,724within the sector's middle half▼ 6.7%
Equity€101,363within the sector's middle half-€126,057within the sector's middle half▲ 24.4%€173,046within the sector's middle half▲ 37.3%€150,046within the sector's middle half▼ 13.3%€194,770within the sector's middle half▲ 29.8%
Total assets€156,281within the sector's middle half-€165,812within the sector's middle half▲ 6.1%€189,797within the sector's middle half▲ 14.5%€236,564within the sector's middle half▲ 24.6%€240,500within the sector's middle half▲ 1.7%
Debt€54,918-€39,756▼ 27.6%€16,751▼ 57.9%€86,518▲ 416%€45,730▼ 47.1%
Working capital€26,774-€44,125▲ 64.8%€89,915▲ 104%€69,823▼ 22.3%€116,687▲ 67.1%
Solvency64.9%within the sector's middle half-76.0%within the sector's middle half▲ 11.2pp91.2%above the sector's middle half▲ 15.2pp63.4%within the sector's middle half▼ 27.7pp81.0%above the sector's middle half▲ 17.6pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
€0€20,000€40,000€60,000Operating result 2020: €14,700€14,700Net result 2020: €8,955€8,955Operating result 2021: €40,735€40,735Net result 2021: €25,494€25,494Operating result 2022: €61,138€61,138Net result 2022: €46,989€46,989Operating result 2023: €61,541€61,541Net result 2023: €47,940€47,940Operating result 2024: €58,169€58,169Net result 2024: €44,724€44,72420202021202220232024€0€20,000€40,000€60,000Operating result 2022: €61,138€61,100Net result 2022: €46,989€47,000Operating result 2023: €61,541€61,500Net result 2023: €47,940€47,900Operating result 2024: €58,169€58,200Net result 2024: €44,724€44,700202220232024
The operating result falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €240,500
Fixed assets €79,715 ▼ 2.7%
Current assets €160,785 ▲ 4.0%
Equity and liabilities €240,500
Equity €194,770 ▲ 29.8%
Debt €45,730 ▼ 47.1%
Debt's share of the balance-sheet total falls from 36.6% to 19.0%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€60,376▼
2023 · €63,749
Cash flow
€46,932▼
2023 · €50,148
Current ratio
3.65▲
2023 · 1.82
Debt to equity
0.23▼
2023 · 0.58
ROE
23.0%▼
2023 · 32.0%
ROA
18.6%▼
2023 · 20.3%
Interest coverage
95.23▼
2023 · 284.00
Debt ≤ 1 year
€44,098▼
2023 · €84,820
Income taxes
€12,817▼
2023 · €13,376
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 26,964 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€236,564€240,500▲
Fixed assets21/28€81,922€79,715▼
Tangible fixed assets22/27€11,422€9,215▼
Furniture and vehicles24€602€297▼
Other tangible fixed assets26€10,819€8,918▼
Financial fixed assets28€70,500€70,500=
Current assets29/58€154,642€160,785▲
Amounts receivable within one year40/41€150,143€130,956▼
Trade receivables40€133,431€123,798▼
Other amounts receivable41€16,712€7,158▼
Cash at bank and in hand54/58€4,499€27,942▲
Deferred charges and accrued income490/1-€1,888
Equity and liabilities
Total equity and liabilities10/49€236,564€240,500▲
Equity10/15€150,046€194,770▲
Contributions10/11€1,000€1,000=
Reserves13€149,046€193,770▲
Distributable reserves133€149,046€193,770▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€86,518€45,730▼
Amounts payable within one year42/48€84,820€44,098▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€3,322€3,642▲
Suppliers440/4€3,322€3,642▲
Taxes, remuneration and social security45€10,557€4,587▼
Taxes450/3€10,557€4,587▼
Other amounts payable47/48€70,940€35,868▼
Accrued charges and deferred income492/3€1,699€1,632▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,207€2,207=
Other operating charges640/8€1,585€1,826▲
Gross operating margin9900€65,333€62,203▼
Operating profit (loss)9901€61,541€58,169▼
Financial income75/76B-€6
Recurring financial income75-€6
Financial charges65/66B€224€634▲
Recurring financial charges65€224€634▲
Profit (loss) for the period before taxes9903€61,317€57,541▼
Income taxes67/77€13,376€12,817▼
Profit (loss) for the period9904€47,940€44,724▼
Profit (loss) for the period to be appropriated9905€47,940€44,724▼
Appropriation of the result
Profit (loss) to be appropriated9906€47,940€44,724▼
Transfer from equity791/2€23,000€0▼
Transfer to equity691/2€0€44,724▲
To other reserves6921€0€44,724▲
Profit to be distributed694/7€70,940€0▼
Return on contributions (dividend)694€70,940€0▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,329€2,460€2,328€2,207€2,207=
Other operating charges640/8-€996€1,549€1,585€1,826▲ 15.2%
Gross operating margin9900€19,441€44,191€65,015€65,333€62,203▼ 4.8%
Operating profit (loss)9901€14,700€40,735€61,138€61,541€58,169▼ 5.5%
Financial income75/76B-€0--€6-
Recurring financial income75€4€0--€6-
Financial charges65/66B-€1,251€319€224€634▲ 182%
Recurring financial charges65€1,267€1,251€319€224€634▲ 182%
Profit (loss) for the period before taxes9903€13,438€39,484€60,819€61,317€57,541▼ 6.2%
Income taxes67/77€4,483€13,990€13,830€13,376€12,817▼ 4.2%
Profit (loss) for the period9904€8,955€25,494€46,989€47,940€44,724▼ 6.7%
Profit (loss) for the period to be appropriated9905€8,955€25,494€46,989€47,940€44,724▼ 6.7%
Line20202021202220232024Change
Assets
Total assets20/58€156,281€165,812€189,797€236,564€240,500▲ 1.7%
Fixed assets21/28€89,743€87,283€84,129€81,922€79,715▼ 2.7%
Tangible fixed assets22/27€14,743€12,283€13,629€11,422€9,215▼ 19.3%
Furniture and vehicles24-€1,214€908€602€297▼ 50.7%
Other tangible fixed assets26-€11,070€12,721€10,819€8,918▼ 17.6%
Financial fixed assets28€75,000€75,000€70,500€70,500€70,500=
Current assets29/58€66,538€78,529€105,668€154,642€160,785▲ 4.0%
Amounts receivable within one year40/41€36,751€58,000€67,246€150,143€130,956▼ 12.8%
Trade receivables40-€36,402€57,331€133,431€123,798▼ 7.2%
Other amounts receivable41-€21,598€9,914€16,712€7,158▼ 57.2%
Cash at bank and in hand54/58€29,597€20,529€38,422€4,499€27,942▲ 521%
Deferred charges and accrued income490/1-€0--€1,888-
Equity and liabilities
Total equity and liabilities10/49€156,281€165,812€189,797€236,564€240,500▲ 1.7%
Equity10/15€101,363€126,057€173,046€150,046€194,770▲ 29.8%
Contributions10/11-€1,000€1,000€1,000€1,000=
Reserves13€100,363€125,057€172,046€149,046€193,770▲ 30.0%
Non-distributable reserves130/1-€100----
Reserves not available under the articles1311-€100----
Distributable reserves133-€124,957€172,046€149,046€193,770▲ 30.0%
Profit (loss) carried forward14-€0€0€0€0-
Amounts payable17/49€54,918€39,756€16,751€86,518€45,730▼ 47.1%
Amounts payable after more than one year17€15,154€5,086€0---
Financial debts170/4-€5,086€0---
Amounts payable within one year42/48€39,764€34,404€15,753€84,820€44,098▼ 48.0%
Current portion of amounts payable after more than one year42-€10,068€5,086€0--
Trade debts44€10,745€9,868€2,539€3,322€3,642▲ 9.6%
Suppliers440/4-€9,868€2,539€3,322€3,642▲ 9.6%
Taxes, remuneration and social security45-€13,667€7,628€10,557€4,587▼ 56.5%
Taxes450/3-€13,667€7,628€10,557€4,587▼ 56.5%
Other amounts payable47/48-€800€500€70,940€35,868▼ 49.4%
Accrued charges and deferred income492/3-€266€998€1,699€1,632▼ 3.9%
Line20202021202220232024Change
Profit (loss) for the period9904€8,955€25,494€46,989€47,940€44,724▼ 6.7%
+ Depreciation and write-downs630€2,329€2,460€2,328€2,207€2,207=
Operating cash flow (approximation)€11,284€27,954€49,317€50,148€46,932▼ 6.4%
Investment in fixed assets (approximation)-€0€826€0€0▼ 100%
Change in cash--€9,068€17,893-€33,923€23,443▲ 169%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
15-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
2023
31-12
Financial Highest result since 2020net €47,940 ▲2%
Operating result €61,541, net result €47,940, both a record.
29-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial Liquidity triplescurrent ratio 6.71
Current ratio from 2.28 to 6.71; short-term debt falls from €34,404 to €15,753.
31-12
Financial Equity above €150,000Eq €173,046 ▲37.3%
3 profitable years in a row build equity to €173,046.
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2019
06-02
State Gazette act General meeting · Director reappointment
Mandate compensation · Permanent representative
2017
26-01
State Gazette act General meeting · Director appointment
Financial milestoneState Gazette actNBB 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Gent · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
1,200 m²
Building footprint
127 m²
Parcel 44038A0484/00E002, Flanders. Linked by address, not a title deed.
1 establishment unit
ADOD
Eeklostraat 43, 9030 GentComputing infrastructure, data processing, hosting and other information service activities
since 20172.272.485.118
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44038A0484/00E002 Flanders 1,200 m² 1 · 127 m² -
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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of ADOD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

Depth

The group is listed under Ownership & control below; here you explore it as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 40,144 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
Founded31-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0665849768
Also 9925:BE0665849768
Registered 02-09-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.