AdV Management Services
ActiveSummary
AdV Management Services has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.15M and a net result of €-44k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability20▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 51.39 against 21.49 in 2023; short-term debt: 1.7% and cash: 0.2% of total assets), and 3.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
96.1%
Return on assets
-2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
2 d early
2022
17 d late
2021
31 d late
2020
43 d early
2019
13 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-44k▼ 1.7%
2023 · €-43k
2018: €282k
2019: €337k▲ +19.4% vs 2018
2020: €334k▼ -0.9% vs 2019
2021: €543k▲ +62.6% vs 2020
2022: €570k▲ +5.1% vs 2021highest in 7 years
2023: €-43k▼ -108% vs 2022
2024: €-44k▼ -1.7% vs 2023lowest in 7 years
2018 → 2024
Working capital
€1.89M▼ 12.6%
2023 · €2.16M
2018: €964klowest in 7 years
2019: €1.13M▲ +17.4% vs 2018
2020: €1.48M▲ +30.7% vs 2019
2021: €2.01M▲ +35.9% vs 2020
2022: €2.44M▲ +21.5% vs 2021highest in 7 years
2023: €2.16M▼ -11.3% vs 2022
2024: €1.89M▼ -12.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.63M-€2.17M▲ 33.3%€2.74M▲ 26.2%€2.48M▼ 9.8%€2.15M▼ 13.1%
2020: €1.63Mlowest in 5 years
2021: €2.17M▲ +33.3% vs 2020
2022: €2.74M▲ +26.2% vs 2021highest in 5 years
2023: €2.48M▼ -9.8% vs 2022
2024: €2.15M▼ -13.1% vs 2023
Operating result€487k-€793k▲ 62.9%€794k▲ 0.1%€-68k€-57k▲ 15.7%
2020: €487k
2021: €793k▲ +62.9% vs 2020
2022: €794k▲ +0.1% vs 2021highest in 5 years
2023: €-68k▼ -109% vs 2022lowest in 5 years
2024: €-57k▲ +15.7% vs 2023
Net result€334k-€543k▲ 62.6%€570k▲ 5.1%€-43k€-44k▼ 1.7%
2020: €334k
2021: €543k▲ +62.6% vs 2020
2022: €570k▲ +5.1% vs 2021highest in 5 years
2023: €-43k▼ -108% vs 2022
2024: €-44k▼ -1.7% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €57k in 2024 against €68k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.24M
Fixed assets
€310k ▼ 20.7%
Current assets
€1.93M ▼ 15.0%
Equity and liabilities €2.24M
Equity
€2.15M ▼ 13.1%
Debt
€87k ▼ 52.7%
Debt's share of the balance-sheet total falls from 6.9% to 3.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€28k▲
2023 · €50
Cash flow
€41k▲
2023 · €25k
Current ratio
51.39▲
2023 · 21.49
Debt to equity
0.04▼
2023 · 0.07
ROE
-2.0%▼
2023 · -1.7%
ROA
-2.0%▼
2023 · -1.6%
Interest coverage
0.47▲
2023 · 0.00
Debt ≤ 1 year
€38k▼
2023 · €106k
Debt > 1 year
€50k▼
2023 · €79k
Income taxes
€5k▲
2023 · €-2
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.66M€2.24M▼
Fixed assets21/28€391k€310k▼
Tangible fixed assets22/27€390k€309k▼
Land and buildings22€4k€4k=
Furniture and vehicles24€163k€113k▼
Other tangible fixed assets26€223k€192k▼
Financial fixed assets28€161€161=
Current assets29/58€2.27M€1.93M▼
Amounts receivable after more than one year29€300k€200k▼
Other amounts receivable291€300k€200k▼
Amounts receivable within one year40/41€164k€121k▼
Trade receivables40€22k€14k▼
Other amounts receivable41€142k€107k▼
Current investments50/53€1.62M€1.60M▼
Cash at bank and in hand54/58€182k€5k▼
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€2.66M€2.24M▼
Equity10/15€2.48M€2.15M▼
Contributions10/11€8k€8k=
Reserves13€2.06M€1.78M▼
Distributable reserves133€2.06M€1.78M▼
Profit (loss) carried forward14€412k€368k▼
Amounts payable17/49€185k€87k▼
Amounts payable after more than one year17€79k€50k▼
Financial debts170/4€79k€50k▼
Amounts payable within one year42/48€106k€38k▼
Current portion of amounts payable after more than one year42€46k€29k▼
Trade debts44€4k€642▼
Suppliers440/4€4k€642▼
Taxes, remuneration and social security45€52k€8k▼
Taxes450/3€52k€8k▼
Other amounts payable47/48€4k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€85k▲
Other operating charges640/8€8k€5k▼
Gross operating margin9900€8k€33k▲
Operating profit (loss)9901€-68k€-57k▲
Financial income75/76B€36k€77k▲
Recurring financial income75€36k€77k▲
Financial charges65/66B€11k€59k▲
Recurring financial charges65€11k€59k▲
Profit (loss) for the period before taxes9903€-43k€-39k▲
Income taxes67/77€-2€5k▲
Profit (loss) for the period9904€-43k€-44k▼
Profit (loss) for the period to be appropriated9905€-43k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€412k€368k▼
Profit (loss) brought forward from the previous period14P€455k€412k▼
Transfer from equity791/2€225k€280k▲
Profit to be distributed694/7€225k€280k▲
Return on contributions (dividend)694€225k€280k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | €21k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70k | €80k | €66k | €68k | €85k | ▲ 25.4% |
| Other operating charges640/8 | - | €3k | €3k | €8k | €5k | ▼ 41.7% |
| Gross operating margin9900 | €558k | €875k | €863k | €8k | €33k | ▲ 295% |
| Operating profit (loss)9901 | €487k | €793k | €794k | €-68k | €-57k | ▲ 15.7% |
| Financial income75/76B | - | €11k | €38k | €36k | €77k | ▲ 116% |
| Recurring financial income75 | €3k | €11k | €38k | €36k | €77k | ▲ 116% |
| Financial charges65/66B | - | €6k | €3k | €11k | €59k | ▲ 425% |
| Recurring financial charges65 | €4k | €6k | €3k | €11k | €59k | ▲ 425% |
| Profit (loss) for the period before taxes9903 | €486k | €798k | €829k | €-43k | €-39k | ▲ 10.3% |
| Income taxes67/77 | €152k | €255k | €259k | €-2 | €5k | ▲ 258,500% |
| Profit (loss) for the period9904 | €334k | €543k | €570k | €-43k | €-44k | ▼ 1.7% |
| Profit (loss) for the period to be appropriated9905 | €334k | €543k | €570k | €-43k | €-44k | ▼ 1.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.94M | €2.50M | €2.99M | €2.66M | €2.24M | ▼ 15.8% |
| Fixed assets21/28 | €325k | €336k | €429k | €391k | €310k | ▼ 20.7% |
| Tangible fixed assets22/27 | €325k | €336k | €428k | €390k | €309k | ▼ 20.7% |
| Land and buildings22 | - | €4k | €4k | €4k | €4k | = |
| Furniture and vehicles24 | - | €102k | €196k | €163k | €113k | ▼ 30.5% |
| Other tangible fixed assets26 | - | €230k | €228k | €223k | €192k | ▼ 13.9% |
| Financial fixed assets28 | €161 | €161 | €161 | €161 | €161 | = |
| Current assets29/58 | €1.62M | €2.16M | €2.56M | €2.27M | €1.93M | ▼ 15.0% |
| Amounts receivable after more than one year29 | - | - | €400k | €300k | €200k | ▼ 33.3% |
| Other amounts receivable291 | - | - | €400k | €300k | €200k | ▼ 33.3% |
| Amounts receivable within one year40/41 | €69k | €112k | €181k | €164k | €121k | ▼ 26.6% |
| Trade receivables40 | - | €57k | €34k | €22k | €14k | ▼ 38.0% |
| Other amounts receivable41 | - | €55k | €147k | €142k | €107k | ▼ 24.8% |
| Current investments50/53 | €1.41M | €1.65M | €1.62M | €1.62M | €1.60M | ▼ 1.2% |
| Cash at bank and in hand54/58 | €130k | €398k | €347k | €182k | €5k | ▼ 97.0% |
| Deferred charges and accrued income490/1 | - | €4k | €13k | €5k | €5k | ▲ 14.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.94M | €2.50M | €2.99M | €2.66M | €2.24M | ▼ 15.8% |
| Equity10/15 | €1.63M | €2.17M | €2.74M | €2.48M | €2.15M | ▼ 13.1% |
| Contributions10/11 | - | €8k | €8k | €8k | €8k | = |
| Reserves13 | €1.17M | €1.71M | €2.28M | €2.06M | €1.78M | ▼ 13.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €1.71M | €2.28M | €2.06M | €1.78M | ▼ 13.6% |
| Profit (loss) carried forward14 | €454k | €455k | €455k | €412k | €368k | ▼ 10.6% |
| Amounts payable17/49 | €310k | €326k | €243k | €185k | €87k | ▼ 52.7% |
| Amounts payable after more than one year17 | €166k | €171k | €125k | €79k | €50k | ▼ 36.9% |
| Financial debts170/4 | - | €171k | €125k | €79k | €50k | ▼ 36.9% |
| Amounts payable within one year42/48 | €138k | €154k | €118k | €106k | €38k | ▼ 64.4% |
| Current portion of amounts payable after more than one year42 | - | €61k | €46k | €46k | €29k | ▼ 36.9% |
| Trade debts44 | €789 | €7k | €13k | €4k | €642 | ▼ 81.8% |
| Suppliers440/4 | - | €7k | €13k | €4k | €642 | ▼ 81.8% |
| Taxes, remuneration and social security45 | - | €86k | €60k | €52k | €8k | ▼ 85.0% |
| Taxes450/3 | - | €83k | €60k | €52k | €8k | ▼ 85.0% |
| Remuneration and social security454/9 | - | €4k | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €4k | - | - |
| Accrued charges and deferred income492/3 | - | €756 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €334k | €543k | €570k | €-43k | €-44k | ▼ 1.7% |
| + Depreciation and write-downs630 | €70k | €80k | €66k | €68k | €85k | ▲ 25.4% |
| Operating cash flow (approximation) | €404k | €622k | €637k | €25k | €41k | ▲ 66.9% |
| Investment in fixed assets (approximation) | - | €-91k | €-159k | €-30k | €-4k | ▲ 87.3% |
| Change in cash | - | €267k | €-51k | €-164k | €-177k | ▼ 7.9% |
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
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 51.39
Current ratio from 21.49 to 51.39; short-term debt falls from €106k to €38k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
31-12
Financial
Highest result since 2018net €570k ▲5.1%
Operating result €794k, net result €570k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Equity above €2MEq €2.17M ▲33.3%
4 profitable years in a row build equity to €2.17M.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial
Equity above €1MEq €1.30M ▲35%
2 profitable years in a row build equity to €1.30M.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
Show earlier events
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Directors · office · real estate
Directors
4 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, Lasne · 1 establishment unit since 2011
Ground area
3,539 m²
Building footprint
256 m²
Volume, LiDAR
1,754 m³
Parcel 25051C0058/00M000, Wallonia · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chemin des Hayes 31, 1380 Lasne
since 20112.205.701.707
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051C0058/00M000 | Wallonia | 3,539 m² | 1 · 256 m² | 10.8 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600K3AJNIORNMEI68
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 774 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
Founded16-03-2007
Fiscal year end31-12
Abbreviation FR
AVMS
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
93299Other amusement and recreation activities
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.