ADSO
ActiveADSO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-49k) and a net result of €69k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency2▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.04 against 0.94 in 2024; short-term debt: 82.4% and cash: 15.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-22.5%
Return on assets
31.9%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 31662 sector peers (2025).
NBB · sector comparisonPosition among 31662 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
2 d early
2023
on the day
2022
2 d early
2021
2 d late
2020
17 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-49k▲ 58.6%
2024 · €-117k
2018: €72k
2019: €65k
2020: €78k
2021: €113k
2022: €63k
2023: €-28k
2024: €-117k
2018 → 2025
Total assets
€216k▼ 26.0%
2024 · €292k
2018: €290k
2019: €280k
2020: €316k
2021: €401k
2022: €556k
2023: €458k
2024: €292k
2018 → 2025
Net result
€69k
2024 · €-90k
2018: €5k
2019: €-7k
2020: €14k
2021: €34k
2022: €-50k
2023: €-90k
2024: €-90k
2018 → 2025
Working capital
€7k
2024 · €-14k
2018: €8k
2019: €88k
2020: €86k
2021: €47k
2022: €-16k
2023: €-114k
2024: €-14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€113k-€63k▼ 44.5%€-28k€-117k▼ 321%€-49k▲ 58.6%
Operating result€46k-€-43k€-80k▼ 84.9%€-76k▲ 4.3%€75k
Net result€34k-€-50k€-90k▼ 80.0%€-90k▲ 0.9%€69k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €75k after a loss of €76k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216k
Fixed assets
€31k▼ 44.7%
Current assets
€185k▼ 21.6%
Key figures and ratios
EBITDA
€92k▲
2024 · €-52k
Cash flow
€86k▲
2024 · €-65k
Solvency
-22.5%▲
2024 · -40.2%
Current ratio
1.04▲
2024 · 0.94
Quick ratio
0.49▼
2024 · 0.53
Debt / equity
-5.44▼
2024 · -3.49
ROA
31.9%▲
2024 · -30.7%
Interest coverage
9.58▲
2024 · -3.89
Debt
€265k▼
2024 · €409k
Debt ≤ 1 year
€178k▼
2024 · €250k
Debt > 1 year
€87k▼
2024 · €129k
Income taxes
€157▼
2024 · €166
Staff costs
€38k▼
2024 · €52k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€292k€216k▼
Fixed assets21/28€56k€31k▼
Intangible fixed assets21€1k-
Tangible fixed assets22/27€48k€31k▼
Plant, machinery and equipment23€6k€11k▲
Furniture and vehicles24€2k€424▼
Leasing and similar rights25€11k€1k▼
Other tangible fixed assets26€28k€18k▼
Financial fixed assets28€7k-
Current assets29/58€236k€185k▼
Stocks and contracts in progress3€104k€97k▼
Stocks30/36€104k€97k▼
Amounts receivable within one year40/41€126k€51k▼
Trade receivables40€122k€51k▼
Other amounts receivable41€4k€148▼
Cash at bank and in hand54/58€3k€34k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€292k€216k▼
Equity10/15€-117k€-49k▲
Contributions10/11€19k€19k=
Reserves13€94k€94k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€92k€92k=
Profit (loss) carried forward14€-230k€-161k▲
Amounts payable17/49€409k€265k▼
Amounts payable after more than one year17€129k€87k▼
Financial debts170/4€129k€87k▼
Amounts payable within one year42/48€250k€178k▼
Current portion of amounts payable after more than one year42€59k€48k▼
Financial debts43€67k€50k▼
Credit institutions430/8€67k€50k▼
Trade debts44€79k€40k▼
Suppliers440/4€79k€40k▼
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€3k€2k▼
Remuneration and social security454/9€6k€5k▼
Other amounts payable47/48€36k€33k▼
Accrued charges and deferred income492/3€30k-
Income statement
Code20242025
Remuneration, social security and pensions62€52k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€17k▼
Other operating charges640/8€38k€2k▼
Non-recurring operating charges66A-€9k
Gross operating margin9900€38k€141k▲
Operating profit (loss)9901€-76k€75k▲
Financial income75/76B€6€3k▲
Recurring financial income75€6€3k▲
Financial charges65/66B€13k€10k▼
Recurring financial charges65€13k€10k▼
Profit (loss) for the period before taxes9903€-89k€69k▲
Income taxes67/77€166€157▼
Profit (loss) for the period9904€-90k€69k▲
Profit (loss) for the period to be appropriated9905€-90k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-230k€-161k▲
Profit (loss) brought forward from the previous period14P€-141k€-230k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €69k
Net result €69k after 3 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-90k
Net result drops to €-90k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-09
Financial
Equity above €100kEq €113k ▲43.8%
2 profitable years in a row build equity to €113k.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
30-09
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Buggenhout · 1 establishment unit since 2018
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.
Kalkenstraat 199255 BuggenhoutGround area
1.4 ha
Building footprint
3,239 m²
Parcel 42004C0028/00C006, Flanders. Linked by address, not a title deed.
1 establishment unit
ADSO
since 20182.279.434.375
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004C0028/00C006 | Flanders | 1.4 ha | 1 · 3,239 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 5,341 EUR awarded · 4,911 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 860 EUR | 430 EUR |
| 2022 | 1 | 4,481 EUR | 4,481 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 39,186 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-06-2005
Fiscal year end30-09
Activities, NACEBEL
46649Wholesale of other machinery and equipment
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.