ADS CAPITAL
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 13-04-2023, 109 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
109 d early
2021
46 d early
2020
57 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 66 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€151,574▼ 0.3%
2021 · €152,005
Total assets
€206,320▼ 11.0%
2021 · €231,851
Net result
-€431
2021 · €28
Working capital
€115,489▲ 25.9%
2021 · €91,718
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€27,595-€12,540▼ 54.6%€11,615▼ 7.4%€3,111▼ 73.2%€2,266▼ 27.2%
Net result€19,231-€20,816▲ 8.2%€8,626▼ 58.6%€28▼ 99.7%-€431
Equity€122,535-€143,352▲ 17.0%€151,978▲ 6.0%€152,005=€151,574▼ 0.3%
Total assets€199,943-€185,007▼ 7.5%€219,176▲ 18.5%€231,851▲ 5.8%€206,320▼ 11.0%
Debt€77,407-€41,656▼ 46.2%€67,198▲ 61.3%€79,845▲ 18.8%€54,746▼ 31.4%
Working capital€104,275-€55,555▼ 46.7%€83,756▲ 50.8%€91,718▲ 9.5%€115,489▲ 25.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2022 is 27% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €206,320
Fixed assets
€36,085 ▼ 40.1%
Current assets
€170,235 ▼ 0.8%
Equity and liabilities €206,320
Equity
€151,574 ▼ 0.3%
Debt
€54,746 ▼ 31.4%
Debt's share of the balance-sheet total falls from 34.4% to 26.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€26,469▲
2021 · €24,930
Cash flow
€23,771▲
2021 · €21,847
Current ratio
3.11▲
2021 · 2.15
Debt to equity
0.36▼
2021 · 0.53
ROE
-0.3%▼
2021 · 0.0%
ROA
-0.2%▼
2021 · 0.0%
Interest coverage
11.89▲
2021 · 10.15
Debt ≤ 1 year
€54,746▼
2021 · €79,845
Income taxes
€482▼
2021 · €628
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,753 | €19,575 | €19,575 | €21,819 | €24,202 | ▲ 10.9% |
| Other operating charges640/8 | - | - | - | €3,034 | €2,923 | ▼ 3.7% |
| Gross operating margin9900 | €31,932 | €34,504 | €33,294 | €27,965 | €29,392 | ▲ 5.1% |
| Operating profit (loss)9901 | €27,595 | €12,540 | €11,615 | €3,111 | €2,266 | ▼ 27.2% |
| Financial income75/76B | - | - | - | - | €10 | - |
| Recurring financial income75 | - | €11,400 | €0 | - | €10 | - |
| Financial charges65/66B | - | - | - | €2,456 | €2,225 | ▼ 9.4% |
| Recurring financial charges65 | €2,963 | €65 | €1,305 | €2,456 | €2,225 | ▼ 9.4% |
| Profit (loss) for the period before taxes9903 | €24,632 | €23,875 | €10,309 | €655 | €51 | ▼ 92.3% |
| Income taxes67/77 | €5,401 | €3,059 | €1,683 | €628 | €482 | ▼ 23.2% |
| Profit (loss) for the period9904 | €19,231 | €20,816 | €8,626 | €28 | -€431 | ▼ 1,658% |
| Profit (loss) for the period to be appropriated9905 | €19,231 | €20,816 | €8,626 | €28 | -€431 | ▼ 1,658% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €199,943 | €185,007 | €219,176 | €231,851 | €206,320 | ▼ 11.0% |
| Fixed assets21/28 | €18,260 | €87,797 | €68,222 | €60,287 | €36,085 | ▼ 40.1% |
| Tangible fixed assets22/27 | €7,010 | €76,547 | €56,972 | €49,037 | €24,835 | ▼ 49.4% |
| Furniture and vehicles24 | - | - | - | €46,527 | €23,579 | ▼ 49.3% |
| Other tangible fixed assets26 | - | - | - | €2,511 | €1,255 | ▼ 50.0% |
| Financial fixed assets28 | €11,250 | €11,250 | €11,250 | €11,250 | €11,250 | = |
| Current assets29/58 | €181,682 | €97,211 | €150,954 | €171,564 | €170,235 | ▼ 0.8% |
| Amounts receivable within one year40/41 | €157,854 | €89,795 | €84,700 | €84,700 | €169,400 | ▲ 100% |
| Trade receivables40 | - | - | - | €84,700 | €169,400 | ▲ 100% |
| Cash at bank and in hand54/58 | €23,828 | €7,210 | €66,254 | €86,864 | €835 | ▼ 99.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €199,943 | €185,007 | €219,176 | €231,851 | €206,320 | ▼ 11.0% |
| Equity10/15 | €122,535 | €143,352 | €151,978 | €152,005 | €151,574 | ▼ 0.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €54,335 | €75,152 | €83,778 | €83,805 | €83,374 | ▼ 0.5% |
| Amounts payable17/49 | €77,407 | €41,656 | €67,198 | €79,845 | €54,746 | ▼ 31.4% |
| Amounts payable within one year42/48 | €77,407 | €41,656 | €67,198 | €79,845 | €54,746 | ▼ 31.4% |
| Trade debts44 | €157 | €399 | €601 | €67 | €278 | ▲ 314% |
| Suppliers440/4 | - | - | - | €67 | €278 | ▲ 314% |
| Taxes, remuneration and social security45 | - | - | - | €9,948 | €13,887 | ▲ 39.6% |
| Taxes450/3 | - | - | - | €9,948 | €13,887 | ▲ 39.6% |
| Other amounts payable47/48 | - | - | - | €69,830 | €40,581 | ▼ 41.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,231 | €20,816 | €8,626 | €28 | -€431 | ▼ 1,658% |
| + Depreciation and write-downs630 | €1,753 | €19,575 | €19,575 | €21,819 | €24,202 | ▲ 10.9% |
| Operating cash flow (approximation) | €20,984 | €40,391 | €28,201 | €21,847 | €23,771 | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | -€89,111 | €0 | -€13,884 | €0 | ▲ 100% |
| Change in cash | - | -€16,618 | €59,044 | €20,610 | -€86,029 | ▼ 517% |
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
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€431
Net result drops to -€431, the lowest in the series.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €151,978 ▲6%
3 profitable years in a row build equity to €151,978.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €20,816 ▲8.2%
Net result €20,816, the highest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
27-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
28-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 1
-
60%
According to the 2022 annual accounts of ADS CAPITAL 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
No current directors or connected companies found in the register.