AdSim
ActiveSummary
AdSim has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €253k and a net result of €155k. Equity is growing by ~79.8% per year across the filed fiscal years. Its solvency ranks better than 34% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+5
Solvency71▲+13
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.29 in 2023; short-term debt: 54.2% and cash: 15.7% of total assets), but 54.2% of the assets are financed with debt.
Credit advice for your own amount and term
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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
68 d late
2022
62 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€253k▲ 158%
2023 · €98k
2021: €19k
2022: €96k
2023: €98k
2021 → 2024
Total assets
€552k▲ 88.4%
2023 · €293k
2021: €31k
2022: €194k
2023: €293k
2021 → 2024
Net result
€155k▲ 149%
2023 · €62k
2021: €18k
2022: €77k
2023: €62k
2021 → 2024
Working capital
€189k▲ 233%
2023 · €57k
2021: €16k
2022: €76k
2023: €57k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€19k-€96k▲ 404%€98k▲ 2.2%€253k▲ 158%
Operating result€23k-€99k▲ 334%€89k▼ 10.2%€212k▲ 137%
Net result€18k-€77k▲ 326%€62k▼ 19.1%€155k▲ 149%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 137% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €552k
Fixed assets
€64k ▲ 54.0%
Current assets
€488k ▲ 94.1%
Equity and liabilities €552k
Equity
€253k ▲ 158%
Debt
€299k ▲ 53.6%
Debt's share of the balance-sheet total falls from 66.5% to 54.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€230k▲
2023 · €96k
Cash flow
€172k▲
2023 · €69k
Current ratio
1.63▲
2023 · 1.29
Debt to equity
1.18▼
2023 · 1.99
ROE
61.2%▼
2023 · 63.4%
ROA
28.0%▲
2023 · 21.2%
Interest coverage
359.73▲
2023 · 97.61
Debt ≤ 1 year
€299k▲
2023 · €195k
Income taxes
€57k▲
2023 · €27k
Staff costs
€178k▲
2023 · €104k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€293k€552k▲
Fixed assets21/28€41k€64k▲
Tangible fixed assets22/27€32k€61k▲
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€15k€48k▲
Other tangible fixed assets26€11k€8k▼
Financial fixed assets28€9k€2k▼
Current assets29/58€251k€488k▲
Amounts receivable within one year40/41€178k€382k▲
Trade receivables40€158k€382k▲
Other amounts receivable41€19k-
Cash at bank and in hand54/58€73k€87k▲
Deferred charges and accrued income490/1€523€20k▲
Equity and liabilities
Total equity and liabilities10/49€293k€552k▲
Equity10/15€98k€253k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€97k€252k▲
Amounts payable17/49€195k€299k▲
Amounts payable within one year42/48€195k€299k▲
Trade debts44€27k€185k▲
Suppliers440/4€27k€185k▲
Taxes, remuneration and social security45€107k€97k▼
Taxes450/3€92k€67k▼
Remuneration and social security454/9€15k€31k▲
Other amounts payable47/48€60k€17k▼
Income statement
Code20232024
Remuneration, social security and pensions62€104k€178k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€18k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€204k€410k▲
Operating profit (loss)9901€89k€212k▲
Financial income75/76B€826€442▼
Recurring financial income75€815€414▼
Non-recurring financial income76B€11€28▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€985€638▼
Non-recurring financial charges66B€97€479▲
Profit (loss) for the period before taxes9903€89k€211k▲
Income taxes67/77€27k€57k▲
Profit (loss) for the period9904€62k€155k▲
Profit (loss) for the period to be appropriated9905€62k€155k▲
Appropriation of the result
Profit (loss) to be appropriated9906€157k€252k▲
Profit (loss) brought forward from the previous period14P€95k€97k▲
Profit to be distributed694/7€60k-
Return on contributions (dividend)694€60k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
13-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 11 août 2026
- Registered-office move, Rue Raskin 4, 4100 Seraing
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial
Highest result since 2021net €155k ▲149%
Operating result €212k, net result €155k, both a record.
31-12
Financial
Equity above €200kEq €253k ▲158%
4 profitable years in a row build equity to €253k.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
01-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 62 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Seraing · 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.
Rue Raskin 44100 SeraingGround area
534 m²
Building footprint
180 m²
Volume, LiDAR
2,078 m³
2 parcels, Wallonia · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Adsim
since 20212.320.346.502
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62019B0383/00D017 | Wallonia | 337 m² | 1 · 61 m² | 9.5 m · 3 fl. |
| 62802B0379/00A000 ProtectedMonument |
Wallonia | 198 m² | 1 · 119 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
254900C39LAIWGXWOK54
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ICOMAT
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De Pauw Consultancy
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Inselio
BE 1004.113.019
Sankt Vith · Eq €252,372
Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 6,375 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
46190Agents in non-specialised wholesale trade
73200Market research and public opinion polling
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:valeriematrige@gmail.com