ADS SOLUTIONS

Active

Private limited companyfounded 20214 yrs activeMutsaardplein 2, 1853 Grimbergen, BelgiumKBO/BCE: BE 0777.728.776

The computed 12-month bankruptcy probability of ADS SOLUTIONS is 4.6% (elevated). The 2024 annual accounts show equity of €15k and a net result of €-14k. Equity is growing by ~48.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 6710 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

40 / 100

Weak▼ -60 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency56▼-44

Growth52▼-26

Stability94

Bankruptcy probability, 12 months

4.6% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.04 against 2.95 in 2023), and 64.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

35.1%

Return on assets

-32%

Age of the figures

20 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-11-2025, 102 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

102 d late

2023

34 d late

2022

6 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€15k▼ 47.7%

2023 · €29k

2022: €395 2023: €29k

2022 → 2024

Total assets

€43k▲ 3.1%

2023 · €42k

2022: €6k 2023: €42k

2022 → 2024

Net result

€-14k

2023 · €29k

2022: €395 2023: €29k

2022 → 2024

Working capital

€1k▼ 95.3%

2023 · €25k

2022: €395 2023: €25k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€395-€29k▲ 7,251%€15k▼ 47.7%

Operating result€584-€37k▲ 6,196%€-14k

Net result€395-€29k▲ 7,151%€-14k

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 2024: a loss of €14k after €37k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €43k

32.4%

67.6%

Fixed assets €14k▲ 266%

Current assets €29k▼ 23.3%

Equity and liabilities €43k

35.1%

64.9%

Equity €15k▼ 47.7%

Debt €28k▲ 117%

The debt ratio rises from 30.9% to 64.9%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-9k▼

2023 · €38k

Cash flow

€-9k▼

2023 · €30k

Solvency

35.1%▼

2023 · 69.1%

Current ratio

1.04▼

2023 · 2.95

Quick ratio

1.04▼

2023 · 2.95

Debt / equity

1.85▲

2023 · 0.45

ROE

-91.3%▼

2023 · 98.6%

ROA

-32.0%▼

2023 · 68.2%

Interest coverage

-46.15▼

2023 · 326.94

Debt

€28k▲

2023 · €13k

Debt ≤ 1 year

€28k▲

2023 · €13k

Income taxes

€-499▼

2023 · €8k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Total assets 20/58€42k€43k▲

Fixed assets 21/28€4k€14k▲

Tangible fixed assets 22/27€3k€14k▲

Financial fixed assets 28€500€500=

Current assets 29/58€38k€29k▼

Amounts receivable within one year 40/41€18k€14k▼

Cash & bank 54/58€21k€15k▼

Total equity & liabilities 10/49€42k€43k▲

Equity 10/15€29k€15k▼

Accumulated profits (losses) 14€29k€15k▼

Amounts payable 17/49€13k€28k▲

Amounts payable within one year 42/48€13k€28k▲

Trade debts payable within one year 44€3k€19k▲

Income statement Code20232024

Gross operating margin 9900€38k€-9k▼

Operating result 9901€37k€-14k▼

Financial income 75-€60

Financial charges 65€116€204▲

Result before taxes 9903€37k€-14k▼

Income taxes 67/77€8k€-499▼

Net result for the period 9904€29k€-14k▼

Result to be appropriated 9905€29k€-14k▼

Timeline · acts, filings and financial milestones

All 11Financial 3Gazette 5Filings 3

2026

27-02

State Gazette act Director changes

2025

10-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 102 days late

2024

31-12

Financial Weakest financial yearnet €-14k ▼148%

Net result drops to €-14k, the lowest in the series.

23-09

State Gazette act Director changes

v3.2

03-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 34 days late

17-04

State Gazette act Capital & shares

v3.2

2023

31-12

Financial Highest result since 2022net €29k ▲7151%

Operating result €37k, net result €29k, both a record.

31-12

Financial Liquidity triplescurrent ratio 2.95

Current ratio from 1.07 to 2.95.

06-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 6 days late

18-01

State Gazette act Minor change

v3.2

2021

29-11

State Gazette act Incorporation

oprichting

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

5 of 6 acts read

About the unread acts

Of the 6 Belgian State Gazette acts we know for this company, 5 have been read. The other one has not 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

1 director, last change in 2024

Sedouk Ayoub

Director · since 01-09-2024

Current

01-09-2024 Appointed as Director

Not every act has been read: a resignation may be missing here

1 of this company's 6 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Grimbergen · 1 establishment unit since 2021

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Mutsaardplein 21853 Grimbergen

Ground area

1,578 m²

Building footprint

658 m²

Volume, LiDAR

8,834 m³

2 parcels, Flanders · tallest building 22.0 m, ±5 floors. Linked by address, not a title deed.