ADS & CO
ActiveSummary
ADS & CO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €212,372 and a net result of -€56,585. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 90% of 7114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-71
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 12.2 against 18.62 in 2024; short-term debt: 8% and cash: 87.8% of total assets), and 8.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
15 d early
2023
20 d early
2022
on the day
2021
23 d late
2020
2 d late
2019
25 d late
← 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 2 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 16 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€212,372▼ 21.0%
2024 · €268,957
Total assets
€231,080▼ 18.6%
2024 · €284,004
Net result
-€56,585
2024 · €6,173
Working capital
€207,054▼ 20.3%
2024 · €259,688
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,673▲ 66.3%€21,807▼ 15.1%-€388€7,505-€57,460
Net result€16,723within the sector's middle half▲ 53.3%€15,585within the sector's middle half▼ 6.8%-€684below the sector's middle half€6,173within the sector's middle half-€56,585below the sector's middle half
Equity€247,884above the sector's middle half▲ 7.2%€263,468above the sector's middle half▲ 6.3%€262,784above the sector's middle half▼ 0.3%€268,957above the sector's middle half▲ 2.3%€212,372above the sector's middle half▼ 21.0%
Total assets€274,306within the sector's middle half▲ 10.9%€280,494within the sector's middle half▲ 2.3%€278,249within the sector's middle half▼ 0.8%€284,004within the sector's middle half▲ 2.1%€231,080within the sector's middle half▼ 18.6%
Debt€26,423▲ 62.7%€17,025▼ 35.6%€15,465▼ 9.2%€15,047▼ 2.7%€18,708▲ 24.3%
Working capital€242,795above the sector's middle half▲ 6.9%€246,897above the sector's middle half▲ 1.7%€249,246above the sector's middle half▲ 1.0%€259,688above the sector's middle half▲ 4.2%€207,054above the sector's middle half▼ 20.3%
Solvency90.4%above the sector's middle half▼ 3.1pp93.9%above the sector's middle half▲ 3.6pp94.4%above the sector's middle half▲ 0.5pp94.7%above the sector's middle half▲ 0.3pp91.9%above the sector's middle half▼ 2.8pp
Current ratio10.19above the sector's middle half▼ 4.8015.50above the sector's middle half▲ 5.3117.12above the sector's middle half▲ 1.6218.62above the sector's middle half▲ 1.5012.20above the sector's middle half▼ 6.41
Return on assets (ROA)6.1%within the sector's middle half▲ 1.7pp5.6%within the sector's middle half▼ 0.5pp-0.2%below the sector's middle half▼ 5.8pp2.2%within the sector's middle half▲ 2.4pp-24.5%below the sector's middle half▼ 26.7pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
The operating result turns negative in 2025: a loss of €57,460 after €7,505 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231,080
Fixed assets
€5,546 ▼ 42.1%
Current assets
€225,534 ▼ 17.8%
Equity and liabilities €231,080
Equity
€212,372 ▼ 21.0%
Debt
€18,708 ▲ 24.3%
Debt's share of the balance-sheet total rises from 5.3% to 8.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€53,429▼
2024 · €12,079
Cash flow
-€52,554▼
2024 · €10,747
Debt to equity
0.09▲
2024 · 0.06
ROE
-26.6%▼
2024 · 2.3%
Interest coverage
-316.84▼
2024 · 103.11
Debt ≤ 1 year
€18,480▲
2024 · €14,740
Income taxes
€132▼
2024 · €2,755
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 5,834 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €413 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €942 | €5,658 | €4,641 | €4,574 | €4,030 | ▼ 11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €150 | €0 | ▼ 100% |
| Other operating charges640/8 | €402 | €905 | €498 | €501 | €10,405 | ▲ 1,976% |
| Non-recurring operating charges66A | - | - | - | €289 | €0 | ▼ 100% |
| Gross operating margin9900 | €27,017 | €28,370 | €4,751 | €13,019 | -€43,025 | ▼ 430% |
| Operating profit (loss)9901 | €25,673 | €21,807 | -€388 | €7,505 | -€57,460 | ▼ 866% |
| Financial income75/76B | €1 | €0 | €26 | €1,539 | €1,176 | ▼ 23.6% |
| Recurring financial income75 | €1 | €0 | €26 | €1,539 | €1,176 | ▼ 23.6% |
| Financial charges65/66B | €114 | €82 | €138 | €117 | €169 | ▲ 43.9% |
| Recurring financial charges65 | €114 | €82 | €138 | €117 | €169 | ▲ 43.9% |
| Profit (loss) for the period before taxes9903 | €25,560 | €21,725 | -€500 | €8,927 | -€56,453 | ▼ 732% |
| Income taxes67/77 | €8,837 | €6,140 | €184 | €2,755 | €132 | ▼ 95.2% |
| Profit (loss) for the period9904 | €16,723 | €15,585 | -€684 | €6,173 | -€56,585 | ▼ 1,017% |
| Transfer from tax-exempt reserves789 | €7,585 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €24,308 | €15,585 | -€684 | €6,173 | -€56,585 | ▼ 1,017% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274,306 | €280,494 | €278,249 | €284,004 | €231,080 | ▼ 18.6% |
| Fixed assets21/28 | €5,088 | €16,571 | €13,538 | €9,576 | €5,546 | ▼ 42.1% |
| Tangible fixed assets22/27 | €5,088 | €16,571 | €13,538 | €9,576 | €5,546 | ▼ 42.1% |
| Plant, machinery and equipment23 | €3,306 | €1,105 | €1,805 | €572 | €191 | ▼ 66.7% |
| Furniture and vehicles24 | €934 | €14,617 | €10,884 | €8,155 | €4,506 | ▼ 44.7% |
| Other tangible fixed assets26 | €849 | €849 | €849 | €849 | €849 | = |
| Current assets29/58 | €269,218 | €263,922 | €264,711 | €274,428 | €225,534 | ▼ 17.8% |
| Amounts receivable within one year40/41 | €38,486 | €17,627 | €14,968 | €11,993 | €20,574 | ▲ 71.5% |
| Trade receivables40 | €36,231 | €17,208 | €10,151 | €9,637 | €14,029 | ▲ 45.6% |
| Other amounts receivable41 | €2,256 | €418 | €4,816 | €2,356 | €6,545 | ▲ 178% |
| Cash at bank and in hand54/58 | €225,723 | €241,318 | €248,953 | €259,986 | €202,804 | ▼ 22.0% |
| Deferred charges and accrued income490/1 | €5,009 | €4,978 | €790 | €2,449 | €2,157 | ▼ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274,306 | €280,494 | €278,249 | €284,004 | €231,080 | ▼ 18.6% |
| Equity10/15 | €247,884 | €263,468 | €262,784 | €268,957 | €212,372 | ▼ 21.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €229,284 | €244,868 | €244,184 | €250,357 | €193,772 | ▼ 22.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €227,424 | €243,008 | €244,184 | €250,357 | €193,772 | ▼ 22.6% |
| Amounts payable17/49 | €26,423 | €17,025 | €15,465 | €15,047 | €18,708 | ▲ 24.3% |
| Amounts payable within one year42/48 | €26,423 | €17,025 | €15,465 | €14,740 | €18,480 | ▲ 25.4% |
| Trade debts44 | €59 | €52 | €136 | €390 | €727 | ▲ 86.5% |
| Suppliers440/4 | €59 | €52 | €136 | €390 | €727 | ▲ 86.5% |
| Taxes, remuneration and social security45 | €14,372 | €13,089 | €8,605 | €8,320 | €5,383 | ▼ 35.3% |
| Taxes450/3 | €14,372 | €13,089 | €8,605 | €8,320 | €5,383 | ▼ 35.3% |
| Other amounts payable47/48 | €11,992 | €3,885 | €6,724 | €6,030 | €12,370 | ▲ 105% |
| Accrued charges and deferred income492/3 | - | - | - | €307 | €227 | ▼ 26.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,723 | €15,585 | -€684 | €6,173 | -€56,585 | ▼ 1,017% |
| + Depreciation and write-downs630 | €942 | €5,658 | €4,641 | €4,574 | €4,030 | ▼ 11.9% |
| Operating cash flow (approximation) | €17,665 | €21,243 | €3,957 | €10,747 | -€52,554 | ▼ 589% |
| Investment in fixed assets (approximation) | - | -€17,141 | -€1,608 | -€612 | €0 | ▲ 100% |
| Change in cash | - | €15,595 | €7,636 | €11,033 | -€57,182 | ▼ 618% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€56,585
Net result drops to -€56,585, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6,173
Net result €6,173 after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Equity above €200,000Eq €220,251 ▲14.5%
2 profitable years in a row build equity to €220,251.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hoeilaart · 1 establishment unit since 2001
Ground area
517 m²
Building footprint
89 m²
Volume, LiDAR
706 m³
Parcel 23033A0612/00X002, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Begonialaan 13, 1560 Hoeilaart
since 20012.103.160.730
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23033A0612/00X002 | Flanders | 517 m² | 1 · 88 m² | 10.2 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 13,405 companies in sector 73300 we hold annual accounts for 6,904. 5,155 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
Founded21-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474146688
Also
9925:BE0474146688
Registered
13-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.