Summary
ADVASO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €98,733 and a net result of -€2,071. Equity is growing by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 3318 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 3318 sector peers (2024).
NBB · sector comparisonPosition among 3318 sector peers
Solvency
better than 14%
← weakest
strongest →
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 30-07-2025, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
30 d late
2022
31 d late
2021
47 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€98,733▼ 2.1%
2023 · €100,804
Net result
-€2,071▲ 86.4%
2023 · -€15,192
Total assets
€1.3m▲ 18.0%
2023 · €1.1m
Solvency
7.5%▼ 1.5pp
2023 · 9.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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
Line20202021202220232024
Operating result€13,789€119,089▲ 764%€104,447▼ 12.3%€4,536▼ 95.7%€33,679▲ 642%
Net result€7,878within the sector's middle half€85,815above the sector's middle half▲ 989%€68,064above the sector's middle half▼ 20.7%-€15,192below the sector's middle half-€2,071below the sector's middle half▲ 86.4%
Equity€6,118below the sector's middle half€91,933within the sector's middle half▲ 1,403%€159,997within the sector's middle half▲ 74.0%€100,804within the sector's middle half▼ 37.0%€98,733within the sector's middle half▼ 2.1%
Total assets€257,657within the sector's middle half▼ 3.7%€1.2mabove the sector's middle half▲ 365%€1.1mabove the sector's middle half▼ 5.8%€1.1mabove the sector's middle half▼ 1.0%€1.3mabove the sector's middle half▲ 18.0%
Debt€251,539▼ 6.6%€1.1m▲ 331%€950,269▼ 12.4%€998,614▲ 5.1%€1.2m▲ 21.0%
Working capital-€47,637below the sector's middle half▲ 5.5%€9,298within the sector's middle half-€5,466below the sector's middle half-€129,336below the sector's middle half▼ 2,266%-€133,710below the sector's middle half▼ 3.4%
Solvency2.4%below the sector's middle half▲ 3.0pp7.7%below the sector's middle half▲ 5.3pp14.2%below the sector's middle half▲ 6.5pp9.0%below the sector's middle half▼ 5.2pp7.5%below the sector's middle half▼ 1.5pp
Current ratio0.45below the sector's middle half▲ 0.071.08within the sector's middle half▲ 0.630.96within the sector's middle half▼ 0.110.26below the sector's middle half▼ 0.700.46below the sector's middle half▲ 0.20
Return on assets (ROA)3.1%within the sector's middle half▲ 11.0pp7.2%within the sector's middle half▲ 4.1pp6.0%within the sector's middle half▼ 1.1pp-1.4%below the sector's middle half▼ 7.4pp-0.2%below the sector's middle half▲ 1.2pp
Staff (FTE)4.9above the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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
The operating result recovers in 2024; 2024 is 642% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▲ 12.4%
Current assets
€114,106 ▲ 152%
Equity and liabilities €1.3m
Equity
€98,733 ▼ 2.1%
Provisions
€11,928 ▼ 34.0%
Debt
€1.2m ▲ 21.0%
Debt's share of the balance-sheet total rises from 89.4% to 91.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-2.1%▲
2023 · -15.1%
Debt ≤ 1 year
€247,816▲
2023 · €174,655
Debt > 1 year
€960,220▲
2023 · €823,960
Income taxes
€11,583▲
2023 · €9,540
Staff costs
€390,558▲
2023 · €270,869
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €252,392 | €281,557 | €270,869 | €390,558 | ▲ 44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,535 | €57,268 | €77,485 | €95,605 | €110,184 | ▲ 15.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €2,880 | - | - |
| Other operating charges640/8 | - | €10,217 | €47,920 | €10,510 | €18,920 | ▲ 80.0% |
| Gross operating margin9900 | €219,580 | €438,967 | €511,409 | €384,401 | €553,340 | ▲ 43.9% |
| Operating profit (loss)9901 | €13,789 | €119,089 | €104,447 | €4,536 | €33,679 | ▲ 642% |
| Financial income75/76B | - | €0 | - | - | €3 | - |
| Recurring financial income75 | €1 | €0 | - | - | €3 | - |
| Financial charges65/66B | - | €6,220 | €11,384 | €13,441 | €27,421 | ▲ 104% |
| Recurring financial charges65 | €2,771 | €6,220 | €11,384 | €13,441 | €27,421 | ▲ 104% |
| Profit (loss) for the period before taxes9903 | €11,018 | €112,869 | €93,063 | -€8,905 | €6,260 | ▲ 170% |
| Transfer from deferred taxes780 | - | €1,089 | €3,252 | €3,252 | €3,252 | = |
| Transfer to deferred taxes680 | - | €22,772 | - | - | - | - |
| Income taxes67/77 | €3,140 | €5,370 | €28,251 | €9,540 | €11,583 | ▲ 21.4% |
| Profit (loss) for the period9904 | €7,878 | €85,815 | €68,064 | -€15,192 | -€2,071 | ▲ 86.4% |
| Transfer from tax-exempt reserves789 | - | €4,354 | €13,008 | €13,008 | €13,008 | = |
| Transfer to tax-exempt reserves689 | - | €91,089 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €7,878 | -€920 | €81,071 | -€2,185 | €10,936 | ▲ 601% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257,657 | €1.2m | €1.1m | €1.1m | €1.3m | ▲ 18.0% |
| Fixed assets21/28 | €219,349 | €1.1m | €988,762 | €1.1m | €1.2m | ▲ 12.4% |
| Intangible fixed assets21 | €162,328 | €357,313 | €219,274 | €277,271 | €474,134 | ▲ 71.0% |
| Tangible fixed assets22/27 | €51,327 | €703,560 | €768,738 | €794,139 | €729,706 | ▼ 8.1% |
| Land and buildings22 | - | €651,142 | €687,798 | €680,556 | €667,171 | ▼ 2.0% |
| Plant, machinery and equipment23 | - | €16,067 | €22,346 | €21,749 | €26,102 | ▲ 20.0% |
| Furniture and vehicles24 | - | €36,351 | €58,595 | €91,834 | €36,434 | ▼ 60.3% |
| Financial fixed assets28 | €5,694 | €5,744 | €750 | €750 | €750 | = |
| Current assets29/58 | €38,308 | €131,216 | €139,936 | €45,319 | €114,106 | ▲ 152% |
| Amounts receivable within one year40/41 | €31,961 | €53,166 | €31,620 | €19,777 | €8,877 | ▼ 55.1% |
| Trade receivables40 | - | €53,166 | €31,620 | - | - | - |
| Other amounts receivable41 | - | - | - | €19,777 | €8,877 | ▼ 55.1% |
| Cash at bank and in hand54/58 | €1,967 | €73,293 | €100,284 | €17,009 | €123 | ▼ 99.3% |
| Deferred charges and accrued income490/1 | - | €4,757 | €8,032 | €8,533 | €105,106 | ▲ 1,132% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257,657 | €1.2m | €1.1m | €1.1m | €1.3m | ▲ 18.0% |
| Equity10/15 | €6,118 | €91,933 | €159,997 | €100,804 | €98,733 | ▼ 2.1% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €759 | €87,494 | €74,487 | €61,479 | €48,472 | ▼ 21.2% |
| Non-distributable reserves130/1 | - | €759 | €759 | €759 | €759 | = |
| Reserves not available under the articles1311 | - | €759 | €759 | €759 | €759 | = |
| Tax-exempt reserves132 | - | €86,735 | €73,727 | €60,720 | €47,712 | ▼ 21.4% |
| Profit (loss) carried forward14 | -€14,641 | -€15,561 | €65,510 | €19,325 | €30,261 | ▲ 56.6% |
| Provisions and deferred taxes16 | - | €21,684 | €18,432 | €18,060 | €11,928 | ▼ 34.0% |
| Provisions for liabilities and charges160/5 | - | - | - | €2,880 | - | - |
| Other liabilities and charges164/5 | - | - | - | €2,880 | - | - |
| Deferred taxes168 | - | €21,684 | €18,432 | €15,180 | €11,928 | ▼ 21.4% |
| Amounts payable17/49 | €251,539 | €1.1m | €950,269 | €998,614 | €1.2m | ▲ 21.0% |
| Amounts payable after more than one year17 | €165,594 | €962,298 | €804,867 | €823,960 | €960,220 | ▲ 16.5% |
| Financial debts170/4 | - | €928,403 | €790,632 | €823,960 | €960,220 | ▲ 16.5% |
| Other amounts payable178/9 | - | €33,894 | €14,235 | - | - | - |
| Amounts payable within one year42/48 | €85,945 | €121,918 | €145,401 | €174,655 | €247,816 | ▲ 41.9% |
| Current portion of amounts payable after more than one year42 | - | €55,503 | €77,216 | €96,253 | €129,393 | ▲ 34.4% |
| Financial debts43 | - | €20,748 | €3,506 | - | €29,806 | - |
| Credit institutions430/8 | - | €20,748 | €3,506 | - | €29,806 | - |
| Trade debts44 | €12,446 | €10,571 | €17,217 | €3,178 | €47,225 | ▲ 1,386% |
| Suppliers440/4 | - | €10,571 | €17,217 | €3,178 | €47,225 | ▲ 1,386% |
| Taxes, remuneration and social security45 | - | €35,096 | €47,462 | €37,824 | €36,942 | ▼ 2.3% |
| Taxes450/3 | - | €5,370 | €18,251 | €6,600 | - | - |
| Remuneration and social security454/9 | - | €29,726 | €29,211 | €31,224 | €36,942 | ▲ 18.3% |
| Other amounts payable47/48 | - | - | - | €37,400 | €4,450 | ▼ 88.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,878 | €85,815 | €68,064 | -€15,192 | -€2,071 | ▲ 86.4% |
| + Depreciation and write-downs630 | €47,535 | €57,268 | €77,485 | €95,605 | €110,184 | ▲ 15.2% |
| Operating cash flow (approximation) | €55,413 | €143,083 | €145,549 | €80,413 | €108,112 | ▲ 34.4% |
| Investment in fixed assets (approximation) | - | -€904,536 | €369 | -€179,004 | -€242,614 | ▼ 35.5% |
| Change in cash | - | €71,326 | €26,990 | -€83,275 | -€16,886 | ▲ 79.7% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150,000Eq €159,997 ▲74%
3 profitable years in a row build equity to €159,997.
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 47 days late
2021
31-12
Financial
Highest result since 2018net €85,815 ▲989%
Operating result €119,089, net result €85,815, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.08
Current ratio from 0.45 to 1.08.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €7,878
Net result €7,878 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet -€21,371
Net result drops to -€21,371, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 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, Tournai · 1 establishment unit since 2015
Ground area
725 m²
Building footprint
188 m²
Volume, LiDAR
2,477 m³
2 parcels, Wallonia · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ADVASO
since 20152.246.629.470
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57042C0454/00B002 | Wallonia | 505 m² | 1 · 71 m² | 11.2 m · 3 fl. |
| 51004D0627/00D000 | Wallonia | 220 m² | 1 · 116 m² | 16.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,674 companies in sector 66220 we hold annual accounts for 3,222. 2,694 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
Founded20-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Contact
E-mail
tony.delporte@hotmail.comAth
Phone
0472/75.00.25Ath
E-invoicing
Reachable via Peppol
Peppol ID
0208:0641740419
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.