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ADVENSYS

Active
Public limited companyfounded 200421 yrs activeArnaud Fraiteurlaan 15-23, 1050 Elsene, BelgiumKBO/BCE: BE 0869.703.879

ADVENSYS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.99M and a net result of €813k. Equity is growing by ~41.2% per year across the filed fiscal years. Its solvency ranks better than 40% of 1546 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
61 / 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability35▼-43
Solvency56▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.47 in 2023; short-term debt: 36.2% and cash: 16.8% of total assets), and 68.6% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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
Sector 62
lower
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 21 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
31.4%
Return on assets
12.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
58 d late
2022
29 d late
2021
30 d late
2020
73 d early
2019
69 d late
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€813k▲ 5.7%
2023 · €769k
2018: €-64k 2019: €149k 2020: €432k 2021: €587k 2022: €629k 2023: €769k
2018 → 2024
Working capital
€-1.11M▲ 26.2%
2023 · €-1.50M
2018: €107k 2019: €389k 2020: €237k 2021: €-347k 2022: €-923k 2023: €-1.50M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€195k-€736k▲ 278%€957k▲ 30.0%€1.43M▲ 49.1%€1.99M▲ 39.5%
Operating result€583k-€824k▲ 41.4%€1.00M▲ 21.9%€337k▼ 66.5%€-152k
Net result€432k-€587k▲ 35.8%€629k▲ 7.2%€769k▲ 22.3%€813k▲ 5.7%
Result per fiscal year
Operating resultNet result
€-500k€0€500k€1.00MOperating result 2020: €583k€583kNet result 2020: €432k€432kOperating result 2021: €824k€824kNet result 2021: €587k€587kOperating result 2022: €1.00M€1.00MNet result 2022: €629k€629kOperating result 2023: €337k€337kNet result 2023: €769k€769kOperating result 2024: €-152k€-152kNet result 2024: €813k€813k20202021202220232024
The operating result turns negative in 2024: a loss of €152k after €337k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.33M
Fixed assets €5.15M▲ 21.0%
Current assets €1.19M▼ 9.0%
Equity and liabilities €6.33M
Equity €1.99M▲ 39.5%
Debt €4.34M▲ 5.1%
The debt ratio falls from 74.3% to 68.6%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€-120k
2023 · €367k
Cash flow
€846k
2023 · €799k
Solvency
31.4%
2023 · 25.7%
Current ratio
0.52
2023 · 0.47
Quick ratio
0.52
2023 · 0.46
Debt / equity
2.18
2023 · 2.90
ROE
40.9%
2023 · 53.9%
ROA
12.8%
2023 · 13.8%
Interest coverage
-1.50
2023 · 5.07
Debt
€4.34M
2023 · €4.13M
Debt ≤ 1 year
€2.29M
2023 · €2.80M
Debt > 1 year
€2.04M
2023 · €1.23M
Income taxes
€216k
2023 · €102k
Staff costs
€427k
2023 · €2.04M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€5.56M€6.33M
Fixed assets21/28€4.25M€5.15M
Tangible fixed assets22/27€118k€92k
Plant, machinery and equipment23€26k€22k
Furniture and vehicles24€42k€21k
Other tangible fixed assets26€50k€48k
Financial fixed assets28€4.14M€5.05M
Current assets29/58€1.30M€1.19M
Stocks and contracts in progress3€19k-
Stocks30/36€19k-
Amounts receivable within one year40/41€916k€115k
Trade receivables40€590k€109k
Other amounts receivable41€326k€6k
Cash at bank and in hand54/58€352k€1.06M
Deferred charges and accrued income490/1€17k€9k
Equity and liabilities
Total equity and liabilities10/49€5.56M€6.33M
Equity10/15€1.43M€1.99M
Contributions10/11€687k€687k=
Capital10€687k€687k=
Issued capital100€687k€687k=
Reserves13€69k€69k=
Non-distributable reserves130/1€69k€69k=
Legal reserve130€69k€69k=
Profit (loss) carried forward14€670k€1.23M
Amounts payable17/49€4.13M€4.34M
Amounts payable after more than one year17€1.23M€2.04M
Financial debts170/4€1.23M€2.04M
Amounts payable within one year42/48€2.80M€2.29M
Current portion of amounts payable after more than one year42€438k€521k
Financial debts43€448k€293k
Other loans439€448k€293k
Trade debts44€347k€254k
Suppliers440/4€347k€254k
Taxes, remuneration and social security45€670k€333k
Taxes450/3€262k€256k
Remuneration and social security454/9€409k€77k
Other amounts payable47/48€900k€892k
Accrued charges and deferred income492/3€95k€9k
Income statement Code20232024
Remuneration, social security and pensions62€2.04M€427k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€33k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€33k-
Other operating charges640/8€34k€8k
Non-recurring operating charges66A€351-
Gross operating margin9900€2.47M€316k
Operating profit (loss)9901€337k€-152k
Financial income75/76B€607k€1.26M
Recurring financial income75€607k€24k
Non-recurring financial income76B-€1.24M
Financial charges65/66B€72k€80k
Recurring financial charges65€72k€80k
Profit (loss) for the period before taxes9903€871k€1.03M
Income taxes67/77€102k€216k
Profit (loss) for the period9904€769k€813k
Profit (loss) for the period to be appropriated9905€769k€813k
Appropriation of the result
Profit (loss) to be appropriated9906€970k€1.48M
Profit (loss) brought forward from the previous period14P€201k€670k
Profit to be distributed694/7€300k€250k
Return on contributions (dividend)694€300k-
Directors or managers695-€250k
Social balance
Average headcount (FTE)908725.75.1

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial Highest result since 2018net €813k ▲5.7%
Net result €813k, the highest in the series.
27-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 58 days late
2023
31-12
Financial Equity above €1MEq €1.43M ▲49.1%
5 profitable years in a row build equity to €1.43M.
29-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial Equity above €500kEq €736k ▲278%
3 profitable years in a row build equity to €736k.
19-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
08-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
31-12
Financial Back to profitnet €149k
Net result €149k after one loss-making year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
28-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
30-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 61 days late
2016
30-09
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
11 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, Elsene · 2 establishment units since 2016
establishment All 2 establishment units on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Arnaud Fraiteurlaan 15-231050 Elsene
Ground area
2.2 ha
Building footprint
2,559 m²
Volume, LiDAR
45,574 m³
2 parcels, Brussels, Wallonia · tallest building 28.5 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
ADVENSYS
Arnaud Fraiteurlaan 15-23, 1050 ElseneComputer programming, consultancy and related activities
since 20162.261.328.336
ADVENSYS
Avenue Einstein 12, 1300 WavreComputer programming, consultancy and related activities
since 20212.311.529.794
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
25112N0041/00B000 Wallonia 1.5 ha 1 · 904 m² 21.0 m · 6 fl.
21446F0030/00A000 Brussels 7,406 m² 1 · 1,655 m² 28.5 m · 6 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 549 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded27-10-2004
Fiscal year end31-12
Activities, NACEBEL
62900Other information technology and computer services
72600
62010Computer programming, consultancy and related activities
62030Computer programming, consultancy and related activities
62100Computer programming
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.