ADVANCO

Active

Public limited companyfounded 2004active for 21 yearsBourgetlaan 42, 1130 Brussel, Belgium39 active companies are registered at this addressKBO/BCE: BE 0869.896.196

Summary

ADVANCO has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €582,092 and a net result of -€167,974. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 33% of 1,677 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisFollow Report Compare

ADVANCOActiveChecked score 64/100

Risk analysis Report Compare

Activity

Computer consultancy and computer facilities management

NACE 62200Computer programming NACE 62100

1 site

Size

€2.8mtotal assets 2025

Staff: 2.5 FTE
Equity: €582,092
Loss: -€167,974

Financial health

64 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.1%

Structure

Board: 4 members

2025 accounts on time2 of 10 deeds summarised

Why 64raises riskLiquidity: current ratio 1.72, cash €3,5952 of the last 3 lateLoss of €167,974, the second in a row (financial year 2025)lowers riskSize: 2.5 FTE, total assets €2.8mShow the evidence

Checked score

Score 2025

64 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 17% of its sector peers (NACE 62, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 46-4

equity 20.7% of total assets

Liquidity 25-9

short-term debt 50.1% · cash 0.1%

Profitability 11+11

return on assets -6.0%

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,873 companies, NACE 62, micro)

Last 24 months 11-2024: 3.8% 12-2024: 0.7%▼ -3.1 percentage points vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.9%▲ +0.2 percentage points vs 02-2025 04-2025: 0.4%▼ -0.5 percentage points vs 03-2025lowest value 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.8%▲ +0.3 percentage points vs 07-2025 09-2025: 0.9%▲ +0.1 percentage points vs 08-2025 10-2025: 1.1%▲ +0.2 percentage points vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.4%▲ +0.3 percentage points vs 11-2025 01-2026: 2.4%▲ +1.0 percentage point vs 12-2025 02-2026: 2.3%▼ -0.1 percentage points vs 01-2026 03-2026: 5.2%▲ +2.9 percentage points vs 02-2026 04-2026: 5.2%● unchanged vs 03-2026 05-2026: 5.0%▼ -0.2 percentage points vs 04-2026 06-2026: 5.2%▲ +0.2 percentage points vs 05-2026highest value 07-2026: 4.8%▼ -0.4 percentage points vs 06-2026 08-2026: 1.1%▼ -3.7 percentage points vs 07-2026 09-2026: 1.1%● unchanged vs 08-2026 10-2026: 1.1%● unchanged vs 09-2026

Credit of up to €35,000 on 30-day terms is acceptable

Liquidity ample (current ratio 1.72, compared with 2.73 in 2024, above the usual 1.5; short-term debt: 50.1% and cash: 0.1% of total assets), but 79.3% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 22% on solvency, 9% on liquidity, 13% on profitability and 24% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Liquidity: current ratio 1.72, cash €3,595

NBB · annual accounts

2 of the last 3 late

NBB · filings

Loss of €167,974, the second in a row (financial year 2025)

NBB · annual accounts

Size: 2.5 FTE, total assets €2.8m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€167,974

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

on the day

2024

208 days late

2023

95 days late

2022

67 days late

2021

78 days late

2020

31 days late

2019

32 days 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 73 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 October (4 of the last 5 filed years within 78 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

31-07-2026 Annual accounts filedfinancial year 2025 · full…
24-02-2026 Annual accounts filedfinancial year 2024 · full…
14-08-2025 Reappointment: Robert Littlewood (director)Appointment: John Jordon (director)

Key points

Caution: Among the weakest 16% on net resultsector median €35,802 · 1,679 companies -€167,974 View
Positive: Result rose in 2025from -€502,996 to -€167,974 ▲ 66.6% View
Caution: 2 loss-making years in a rowloss financial year 2025 -€167,974 View

By topic

Financials

Financial year: 2025
Total assets: €2.8m
Loss: -€167,974
Solvency: 20.7%

Go to Financials

Board & ownership

Board: 4 members

John JordonDirector
Alf GoebelDirector
Rob LittlewoodDirector
Robert LittlewoodDirector

Go to Board & ownership

Timeline

Events: 27
Since: 2006
Next accounts: by 31-07-2027

17-02-2025Reappointments: Alf Goebel (director) and Rob Littlewood…
31-12-2024Weakest financial year
03-11-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Computer consultancy and computer facilities managementNACE 62200
Founded: 09-11-2004
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about ADVANCO

What is the company number of ADVANCO?: 0869.896.196. In Belgium the VAT number is the company number with BE in front: BE 0869.896.196.
Where is ADVANCO based?: The registered office is at Bourgetlaan 42, 1130 Brussel.Company details
What does ADVANCO do?: According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
What is the legal form of ADVANCO?: Public limited company (NV).
When was ADVANCO founded?: On 09-11-2004.
Is ADVANCO still active?: Yes, ADVANCO is an active enterprise in the KBO register.
How many employees does ADVANCO have?: On average 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of ADVANCO?: €2.1m in financial year 2023, according to the filed annual accounts.
Is ADVANCO profitable?: In financial year 2025, ADVANCO made a loss of €167,974.
Where can I find the annual accounts of ADVANCO?: ADVANCO filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ADVANCO due?: By 31-07-2027, for financial year 2026.Timeline