Advanced Developments in Electronics and Software
ActiveSummary
Advanced Developments in Electronics and Software has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,717 and a net result of €17,063. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+27
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 7.48 against 9.41 in 2024; short-term debt: 13.4% and cash: 34.1% of total assets), and 18.7% of the assets are financed with debt.
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Signals
Six 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.3%
Return on assets
14.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-04-2026, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
114 d early
2024
65 d early
2023
43 d early
2022
76 d early
2021
52 d early
2020
79 d early
2019
56 d late
← 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 53 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#1 oldest company in Chaudfontaine, Telecoms and IT sector
Turnover
€46,552▲ 65.3%
2024 · €28,165
EBIT margin
36.0%▲ 23.0pp
2024 · 12.9%
Net result
€17,063▲ 381%
2024 · €3,545
Working capital
€104,117▲ 15.8%
2024 · €89,933
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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€107,604▲ 35.6%€60,754▼ 43.5%€20,215▼ 66.7%€28,165▲ 39.3%€46,552▲ 65.3%
Operating result€66,370€21,966▼ 66.9%€3,443▼ 84.3%€3,637▲ 5.6%€16,736▲ 360%
Net result€33,272within the sector's middle half€18,085within the sector's middle half▼ 45.6%-€6,198below the sector's middle half€3,545below the sector's middle half€17,063within the sector's middle half▲ 381%
EBIT margin61.7%▲ 69.4pp36.2%▼ 25.5pp17.0%▼ 19.1pp12.9%▼ 4.1pp36.0%▲ 23.0pp
Equity€65,222within the sector's middle half▲ 104%€83,307within the sector's middle half▲ 27.7%€77,109within the sector's middle half▼ 7.4%€80,654within the sector's middle half▲ 4.6%€97,717within the sector's middle half▲ 21.2%
Total assets€92,292within the sector's middle half▼ 56.0%€103,672within the sector's middle half▲ 12.3%€97,704within the sector's middle half▼ 5.8%€100,622within the sector's middle half▲ 3.0%€120,181within the sector's middle half▲ 19.4%
Debt€15,182▼ 90.9%€20,365▲ 34.1%€20,595▲ 1.1%€19,968▼ 3.0%€22,464▲ 12.5%
Working capital€76,573▼ 28.4%€91,323▲ 19.3%€82,113▼ 10.1%€89,933▲ 9.5%€104,117▲ 15.8%
Solvency70.7%within the sector's middle half▲ 55.5pp80.4%above the sector's middle half▲ 9.7pp78.9%within the sector's middle half▼ 1.4pp80.2%within the sector's middle half▲ 1.2pp81.3%above the sector's middle half▲ 1.2pp
Staff (FTE)0▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 360% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €120,181
Equity
€97,717 ▲ 21.2%
Debt
€22,464 ▲ 12.5%
Debt's share of the balance-sheet total falls from 19.8% to 18.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
7.48▼
2024 · 9.41
Debt to equity
0.23▼
2024 · 0.25
ROE
17.5%▲
2024 · 4.4%
ROA
14.2%▲
2024 · 3.5%
Debt ≤ 1 year
€16,064▲
2024 · €10,689
Debt > 1 year
€6,400▼
2024 · €6,714
Income taxes
€2,147
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €107,604 | €60,754 | €20,215 | €28,165 | €46,552 | ▲ 65.3% |
| Goods, raw materials, services and sundry goods60/61 | €33,203 | €23,661 | €15,955 | €11,774 | €22,654 | ▲ 92.4% |
| Remuneration, social security and pensions62 | €3,629 | €1,171 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,159 | €773 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €18,619 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€11,888 | - | - | - | - |
| Other operating charges640/8 | €1,243 | €6,452 | €816 | €1,054 | €7,161 | ▲ 579% |
| Gross operating margin9900 | €74,401 | €37,093 | €4,259 | €4,691 | €23,897 | ▲ 409% |
| Operating profit (loss)9901 | €66,370 | €21,966 | €3,443 | €3,637 | €16,736 | ▲ 360% |
| Financial income75/76B | €107 | €82 | - | €17 | €3,004 | ▲ 17,571% |
| Recurring financial income75 | €107 | €82 | - | €17 | €3,004 | ▲ 17,571% |
| Non-recurring financial income76B | €107 | €82 | - | €17 | €3,004 | ▲ 17,571% |
| Financial charges65/66B | €33,205 | €3,963 | €492 | €109 | €530 | ▲ 386% |
| Recurring financial charges65 | €33,205 | €3,963 | €492 | €109 | €530 | ▲ 386% |
| Non-recurring financial charges66B | €33,205 | €3,963 | €492 | €109 | €530 | ▲ 386% |
| Profit (loss) for the period before taxes9903 | €33,272 | €18,085 | €2,951 | €3,545 | €19,210 | ▲ 442% |
| Income taxes67/77 | - | - | €9,149 | - | €2,147 | - |
| Profit (loss) for the period9904 | €33,272 | €18,085 | -€6,198 | €3,545 | €17,063 | ▲ 381% |
| Profit (loss) for the period to be appropriated9905 | €33,272 | €18,085 | -€6,198 | €3,545 | €17,063 | ▲ 381% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €92,292 | €103,672 | €97,704 | €100,622 | €120,181 | ▲ 19.4% |
| Fixed assets21/28 | €773 | €0 | - | - | - | - |
| Intangible fixed assets21 | €0 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €773 | €0 | €0 | €0 | €0 | - |
| Land and buildings22 | - | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | €773 | €0 | - | - | - | - |
| Leasing and similar rights25 | - | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Assets under construction and advance payments27 | - | €0 | - | - | - | - |
| Financial fixed assets28 | - | €0 | - | - | - | - |
| Current assets29/58 | €91,519 | €103,672 | €97,704 | €100,622 | €120,181 | ▲ 19.4% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Contracts in progress37 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €11,354 | €13,973 | €3,650 | €5,812 | €2,048 | ▼ 64.8% |
| Trade receivables40 | €11,354 | €13,973 | €3,650 | €5,812 | €2,048 | ▼ 64.8% |
| Current investments50/53 | - | - | €72,000 | €72,000 | €74,800 | ▲ 3.9% |
| Cash at bank and in hand54/58 | €80,165 | €89,699 | €22,054 | €22,810 | €41,030 | ▲ 79.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,303 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €92,292 | €103,672 | €97,704 | €100,622 | €120,181 | ▲ 19.4% |
| Equity10/15 | €65,222 | €83,307 | €77,109 | €80,654 | €97,717 | ▲ 21.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €655 | €14,272 | €14,272 | €17,781 | €30,200 | ▲ 69.8% |
| Non-distributable reserves130/1 | €655 | €4,272 | €4,272 | €4,981 | €6,200 | ▲ 24.5% |
| Legal reserve130 | €655 | €4,272 | €4,272 | €4,981 | €6,200 | ▲ 24.5% |
| Distributable reserves133 | - | €10,000 | €10,000 | €12,800 | €24,000 | ▲ 87.5% |
| Profit (loss) carried forward14 | €2,567 | €7,035 | €837 | €873 | €5,517 | ▲ 532% |
| Provisions and deferred taxes16 | €11,888 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €11,888 | - | - | - | - | - |
| Other liabilities and charges164/5 | €11,888 | - | - | - | - | - |
| Amounts payable17/49 | €15,182 | €20,365 | €20,595 | €19,968 | €22,464 | ▲ 12.5% |
| Amounts payable after more than one year17 | - | €2,687 | €2,640 | €6,714 | €6,400 | ▼ 4.7% |
| Financial debts170/4 | - | €47 | - | - | - | - |
| Trade debts175 | - | - | - | €4,000 | €4,000 | = |
| Other amounts payable178/9 | - | €2,640 | €2,640 | €2,714 | €2,400 | ▼ 11.6% |
| Amounts payable within one year42/48 | €14,946 | €12,349 | €15,591 | €10,689 | €16,064 | ▲ 50.3% |
| Trade debts44 | €6,856 | - | €537 | €440 | €586 | ▲ 33.2% |
| Suppliers440/4 | €6,856 | - | €537 | - | €586 | - |
| Bills of exchange payable441 | - | - | - | €440 | - | - |
| Advances received on contracts in progress46 | - | - | - | - | €328 | - |
| Taxes, remuneration and social security45 | €2,690 | €9,149 | €4,346 | €1,436 | €5,514 | ▲ 284% |
| Taxes450/3 | - | €9,149 | €4,346 | €1,436 | €5,514 | ▲ 284% |
| Remuneration and social security454/9 | €2,690 | - | - | - | - | - |
| Other amounts payable47/48 | €5,400 | €3,200 | €10,708 | €8,813 | €9,636 | ▲ 9.3% |
| Accrued charges and deferred income492/3 | €236 | €5,329 | €2,364 | €2,565 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,272 | €18,085 | -€6,198 | €3,545 | €17,063 | ▲ 381% |
| + Depreciation and write-downs630 | €3,159 | €773 | - | - | - | - |
| Operating cash flow (approximation) | €36,431 | €18,858 | -€6,198 | €3,545 | €17,063 | ▲ 381% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €9,534 | -€67,645 | €756 | €18,220 | ▲ 2,310% |
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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3,545
Net result €3,545 after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €33,272
Net result €33,272 after 2 loss-making years.
13-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 13.11
Current ratio from 4.97 to 13.11; short-term debt falls from €27,313 to €8,833.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
31-12
Financial
Weakest financial yearnet -€10,340
Net result drops to -€10,340, the lowest in the series; recovery starts the following year.
18-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Chaudfontaine · 1 establishment unit since 1985
Ground area
3,399 m²
Building footprint
268 m²
Volume, LiDAR
1,420 m³
Parcel 62012F0121/00S006, Wallonia · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue des Muguets 51, 4052 Chaudfontaine
since 19852.026.988.907
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012F0121/00S006 | Wallonia | 3,399 m² | 1 · 268 m² | 12.8 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.
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 6,960 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-04-1985
Fiscal year end31-12
Abbreviation FR
ADES
Activities, NACEBEL 2025
62100Computer programming
46643Wholesale of electrical equipment, including installation materials
47400Retail sale of information and communication equipment
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427150683
Registered
13-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.