ADVA CONSULT
Open bankruptcyA bankruptcy procedure is open for ADVA CONSULT according to publications in the Belgian State Gazette; curator: OLIVIA SEBAYOBE.
Summary
The 2025 annual accounts show negative equity (-€36,278) and a net result of -€37,748.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 15 January 2026
- Supervising judge
- Jean Pierre Riquet
- Official Gazette
- 21-01-2026 (pdf) ↗search the document for 2026/102131
Deadlines
- Appeal or third-party opposition until
- passed on 5 February 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 14 February 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 26 February 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 15 January 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Olivia SebayobeDreve Richelle 159 Bte 2 Hall C, 1410 Waterlooo.sebayobe@lexena.eu
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€36,278
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
43 d early
2023
56 d early
2022
56 d early
2021
55 d early
2020
25 d early
2019
7 d early
← 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 41 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Business and other management consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€137,591
EBIT margin
27.4%
Net result
-€37,748▼ 41.6%
2024 · -€26,655
Working capital
-€41,101
2024 · €4,419
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€12,498▼ 66.9%€18,857▲ 50.9%€13,358▼ 29.2%-€20,474-€34,591▼ 69.0%
Net result€18,526within the sector's middle half▼ 39.2%€10,266within the sector's middle half▼ 44.6%€5,604within the sector's middle half▼ 45.4%-€26,655below the sector's middle half-€37,748below the sector's middle half▼ 41.6%
EBIT margin
Equity€12,256below the sector's middle half▲ 229%€22,522below the sector's middle half▲ 83.8%€28,126below the sector's middle half▲ 24.9%€1,471below the sector's middle half▼ 94.8%-€36,278below the sector's middle half
Total assets€159,232below the sector's middle half▼ 12.5%€177,407below the sector's middle half▲ 11.4%€173,811below the sector's middle half▼ 2.0%€33,477below the sector's middle half▼ 80.7%€30,798below the sector's middle half▼ 8.0%
Debt€146,976▼ 17.6%€154,885▲ 5.4%€145,685▼ 5.9%€32,006▼ 78.0%€67,076▲ 110%
Working capital-€68,760▼ 11.3%-€38,373▲ 44.2%-€49,444▼ 28.9%€4,419-€41,101
Solvency7.7%below the sector's middle half▲ 5.6pp12.7%below the sector's middle half▲ 5.0pp16.2%below the sector's middle half▲ 3.5pp4.4%below the sector's middle half▼ 11.8pp-117.8%below the sector's middle half▼ 122.2pp
Staff (FTE)0.5below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34,591 in 2025 against €20,474 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30,798
Fixed assets
€5,688 ▼ 30.7%
Current assets
€25,110 ▼ 0.6%
Key figures and ratios
EBITDA
-€32,253▼
2024 · -€17,357
Cash flow
-€35,410▼
2024 · -€23,539
Current ratio
0.38▼
2024 · 1.21
Debt to equity
-1.85▼
2024 · 21.76
ROA
-122.6%▼
2024 · -79.6%
Interest coverage
-10.90▼
2024 · -2.90
Debt ≤ 1 year
€66,211▲
2024 · €20,855
Debt > 1 year
€864▼
2024 · €11,151
Income taxes
€197▼
2024 · €199
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12,167 | - | - |
| Remuneration, social security and pensions62 | - | €11,712 | - | €179 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,312 | €6,992 | €7,627 | €3,116 | €2,338 | ▼ 25.0% |
| Other operating charges640/8 | - | €2,823 | €1,438 | €1,316 | €1,400 | ▲ 6.4% |
| Non-recurring operating charges66A | - | - | - | - | €1,377 | - |
| Gross operating margin9900 | €20,459 | €40,383 | €22,422 | -€15,863 | -€29,477 | ▼ 85.8% |
| Operating profit (loss)9901 | €12,498 | €18,857 | €13,358 | -€20,474 | -€34,591 | ▼ 69.0% |
| Financial income75/76B | - | €171 | - | - | - | - |
| Recurring financial income75 | €9 | €171 | - | - | - | - |
| Financial charges65/66B | - | €4,714 | €5,025 | €5,983 | €2,960 | ▼ 50.5% |
| Recurring financial charges65 | €4,281 | €4,714 | €5,025 | €5,983 | €2,960 | ▼ 50.5% |
| Profit (loss) for the period before taxes9903 | €20,484 | €14,314 | €8,333 | -€26,456 | -€37,551 | ▼ 41.9% |
| Income taxes67/77 | €1,958 | €4,048 | €2,729 | €199 | €197 | ▼ 0.9% |
| Profit (loss) for the period9904 | €18,526 | €10,266 | €5,604 | -€26,655 | -€37,748 | ▼ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €18,526 | €10,266 | €5,604 | -€26,655 | -€37,748 | ▼ 41.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,232 | €177,407 | €173,811 | €33,477 | €30,798 | ▼ 8.0% |
| Fixed assets21/28 | €154,021 | €151,124 | €143,497 | €8,203 | €5,688 | ▼ 30.7% |
| Tangible fixed assets22/27 | €152,629 | €149,732 | €142,105 | €6,811 | €4,296 | ▼ 36.9% |
| Land and buildings22 | - | €141,308 | €136,669 | - | - | - |
| Furniture and vehicles24 | - | €8,424 | €5,436 | €6,811 | €4,296 | ▼ 36.9% |
| Financial fixed assets28 | €1,392 | €1,392 | €1,392 | €1,392 | €1,392 | = |
| Current assets29/58 | €5,211 | €26,283 | €30,313 | €25,274 | €25,110 | ▼ 0.6% |
| Amounts receivable within one year40/41 | - | €15,592 | €26,571 | €18,580 | €19,643 | ▲ 5.7% |
| Trade receivables40 | - | €14,807 | €21,946 | €11,515 | €19,643 | ▲ 70.6% |
| Other amounts receivable41 | - | €784 | €4,625 | €7,065 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €2,734 | €8,984 | €897 | €4,293 | €3,968 | ▼ 7.6% |
| Deferred charges and accrued income490/1 | - | €1,708 | €2,845 | €2,401 | €1,499 | ▼ 37.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,232 | €177,407 | €173,811 | €33,477 | €30,798 | ▼ 8.0% |
| Equity10/15 | €12,256 | €22,522 | €28,126 | €1,471 | -€36,278 | ▼ 2,567% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,293 | €1,293 | €1,293 | €1,293 | €1,293 | = |
| Non-distributable reserves130/1 | - | €1,293 | €1,293 | €1,293 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | - | €0 | - |
| Other1319 | - | €1,293 | €1,293 | €1,293 | - | - |
| Distributable reserves133 | - | - | - | - | €1,293 | - |
| Profit (loss) carried forward14 | -€7,637 | €2,629 | €8,233 | -€18,422 | -€56,171 | ▼ 205% |
| Amounts payable17/49 | €146,976 | €154,885 | €145,685 | €32,006 | €67,076 | ▲ 110% |
| Amounts payable after more than one year17 | €73,005 | €90,229 | €65,928 | €11,151 | €864 | ▼ 92.3% |
| Financial debts170/4 | - | €90,229 | €65,928 | €11,151 | €864 | ▼ 92.3% |
| Amounts payable within one year42/48 | €73,971 | €64,656 | €79,757 | €20,855 | €66,211 | ▲ 217% |
| Current portion of amounts payable after more than one year42 | - | €23,886 | €24,301 | €10,135 | €10,287 | ▲ 1.5% |
| Financial debts43 | - | €19,000 | €43,000 | - | €44,000 | - |
| Credit institutions430/8 | - | €19,000 | €43,000 | - | €44,000 | - |
| Trade debts44 | €12,294 | €11,762 | €3,204 | €4,271 | €5,729 | ▲ 34.1% |
| Suppliers440/4 | - | €11,762 | €3,204 | €4,271 | €5,729 | ▲ 34.1% |
| Taxes, remuneration and social security45 | - | €10,008 | €9,252 | €6,448 | €4,180 | ▼ 35.2% |
| Taxes450/3 | - | €9,899 | €8,998 | €6,448 | €4,180 | ▼ 35.2% |
| Remuneration and social security454/9 | - | €109 | €253 | - | €0 | - |
| Other amounts payable47/48 | - | - | - | - | €2,015 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,526 | €10,266 | €5,604 | -€26,655 | -€37,748 | ▼ 41.6% |
| + Depreciation and write-downs630 | €5,312 | €6,992 | €7,627 | €3,116 | €2,338 | ▼ 25.0% |
| Operating cash flow (approximation) | €23,838 | €17,257 | €13,230 | -€23,539 | -€35,410 | ▼ 50.4% |
| Investment in fixed assets (approximation) | - | -€4,095 | €0 | €132,178 | €177 | ▼ 99.9% |
| Change in cash | - | €6,250 | -€8,087 | €3,396 | -€325 | ▼ 110% |
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
21-01
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 15-01-2026
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Weakest financial yearnet -€37,748
Net result drops to -€37,748, the lowest in the series.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Liquidity triplescurrent ratio 1.21
Current ratio from 0.38 to 1.21; short-term debt falls from €79,757 to €20,855.
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Highest result since 2019net €30,489 ▲395%
Operating result €37,752, net result €30,489, both a record.
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Nivelles · 1 establishment unit since 2001
Ground area
821 m²
Building footprint
737 m²
Parcel 25072B0165/00Y004, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
adva consult HR engineering
since 20012.094.236.235
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25072B0165/00Y004 | Wallonia | 821 m² | 1 · 737 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | OLIVIA SEBAYOBE DREVE RICHELLE 159 BTE 2
HALL C, 1410 WATERLOO |
15-01-2026 → present |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 6,371 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
Founded22-09-2000
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.