ADVERB
ActiveSummary
ADVERB has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €284k and a net result of €46k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 2.32 against 3.73 in 2023; short-term debt: 18.1% and cash: 11.5% of total assets), and 21.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
1 d early
2022
31 d late
2021
2 d early
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€284k▲ 9.1%
2023 · €260k
Total assets
€363k▲ 13.8%
2023 · €319k
Net result
€46k▲ 15.3%
2023 · €40k
Working capital
€87k▼ 10.7%
2023 · €97k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€60k▲ 49.2%€72k▲ 19.3%€25k▼ 64.6%€55k▲ 117%€60k▲ 9.5%
Net result€42k▲ 92.4%€50k▲ 19.2%€17k▼ 66.1%€40k▲ 133%€46k▲ 15.3%
Equity€173k▲ 32.0%€223k▲ 28.9%€240k▲ 7.6%€260k▲ 8.4%€284k▲ 9.1%
Total assets€271k▲ 13.2%€329k▲ 21.2%€317k▼ 3.7%€319k▲ 0.7%€363k▲ 13.8%
Debt€98k▼ 9.5%€106k▲ 7.7%€77k▼ 27.4%€59k▼ 23.3%€79k▲ 34.1%
Working capital€46k▲ 17.6%€93k▲ 100%€86k▼ 7.0%€97k▲ 12.6%€87k▼ 10.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 10% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €363k
Fixed assets
€211k ▲ 12.8%
Current assets
€152k ▲ 15.1%
Equity and liabilities €363k
Equity
€284k ▲ 9.1%
Debt
€79k ▲ 34.1%
Debt's share of the balance-sheet total rises from 18.5% to 21.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76k▲
2023 · €72k
Cash flow
€61k▲
2023 · €57k
Current ratio
2.32▼
2023 · 3.73
Debt to equity
0.28▲
2023 · 0.23
ROE
16.1%▲
2023 · 15.2%
ROA
12.6%▲
2023 · 12.4%
Interest coverage
49.78▲
2023 · 40.24
Debt ≤ 1 year
€66k▲
2023 · €35k
Debt > 1 year
€11k▼
2023 · €21k
Income taxes
€18k▲
2023 · €16k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €16k | €12k | €17k | €16k | ▼ 6.7% |
| Other operating charges640/8 | - | €162 | €1k | €4k | €505 | ▼ 86.2% |
| Non-recurring operating charges66A | - | - | - | - | €5k | - |
| Gross operating margin9900 | €74k | €88k | €38k | €76k | €82k | ▲ 8.1% |
| Operating profit (loss)9901 | €60k | €72k | €25k | €55k | €60k | ▲ 9.5% |
| Financial income75/76B | - | - | €802 | €3k | €5k | ▲ 78.1% |
| Recurring financial income75 | - | - | €802 | €3k | €5k | ▲ 78.1% |
| Financial charges65/66B | - | €3k | €2k | €2k | €2k | ▼ 14.5% |
| Recurring financial charges65 | €3k | €3k | €2k | €2k | €2k | ▼ 14.5% |
| Profit (loss) for the period before taxes9903 | €57k | €69k | €24k | €56k | €63k | ▲ 13.5% |
| Income taxes67/77 | €15k | €19k | €7k | €16k | €18k | ▲ 8.9% |
| Profit (loss) for the period9904 | €42k | €50k | €17k | €40k | €46k | ▲ 15.3% |
| Profit (loss) for the period to be appropriated9905 | €42k | €50k | €17k | €40k | €46k | ▲ 15.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €271k | €329k | €317k | €319k | €363k | ▲ 13.8% |
| Fixed assets21/28 | €193k | €182k | €192k | €187k | €211k | ▲ 12.8% |
| Tangible fixed assets22/27 | €193k | €182k | €192k | €187k | €211k | ▲ 12.8% |
| Land and buildings22 | - | €157k | €164k | €160k | €156k | ▼ 2.3% |
| Plant, machinery and equipment23 | - | €3k | €6k | €4k | €6k | ▲ 46.7% |
| Furniture and vehicles24 | - | €22k | €22k | €23k | €49k | ▲ 113% |
| Current assets29/58 | €79k | €147k | €125k | €132k | €152k | ▲ 15.1% |
| Amounts receivable within one year40/41 | €44k | €24k | €74k | €114k | €107k | ▼ 6.6% |
| Trade receivables40 | - | €3k | €23k | €22k | €3k | ▼ 87.0% |
| Other amounts receivable41 | - | €21k | €51k | €92k | €104k | ▲ 12.5% |
| Cash at bank and in hand54/58 | €34k | €119k | €48k | €18k | €42k | ▲ 135% |
| Deferred charges and accrued income490/1 | - | €4k | €3k | €234 | €4k | ▲ 1,506% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €271k | €329k | €317k | €319k | €363k | ▲ 13.8% |
| Equity10/15 | €173k | €223k | €240k | €260k | €284k | ▲ 9.1% |
| Contributions10/11 | - | €18k | €18k | €18k | €18k | = |
| Reserves13 | €125k | €175k | €192k | €212k | €236k | ▲ 11.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €173k | €190k | €210k | €234k | ▲ 11.3% |
| Profit (loss) carried forward14 | €30k | €30k | €30k | €30k | €30k | = |
| Amounts payable17/49 | €98k | €106k | €77k | €59k | €79k | ▲ 34.1% |
| Amounts payable after more than one year17 | €64k | €50k | €36k | €21k | €11k | ▼ 48.7% |
| Financial debts170/4 | - | €50k | €36k | €21k | €11k | ▼ 48.7% |
| Amounts payable within one year42/48 | €33k | €54k | €39k | €35k | €66k | ▲ 85.5% |
| Current portion of amounts payable after more than one year42 | - | €14k | €14k | €15k | €22k | ▲ 53.1% |
| Trade debts44 | €2k | €7k | €7k | €3k | €5k | ▲ 63.9% |
| Suppliers440/4 | - | €7k | €7k | €3k | €5k | ▲ 63.9% |
| Advances received on contracts in progress46 | - | - | - | - | €2k | - |
| Taxes, remuneration and social security45 | - | €29k | €18k | €18k | €15k | ▼ 13.1% |
| Taxes450/3 | - | €18k | €18k | €18k | €15k | ▼ 13.1% |
| Remuneration and social security454/9 | - | €11k | - | - | - | - |
| Other amounts payable47/48 | - | €4k | - | - | €21k | - |
| Accrued charges and deferred income492/3 | - | €2k | €2k | €2k | €2k | ▲ 3.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42k | €50k | €17k | €40k | €46k | ▲ 15.3% |
| + Depreciation and write-downs630 | €13k | €16k | €12k | €17k | €16k | ▼ 6.7% |
| Operating cash flow (approximation) | €55k | €66k | €29k | €57k | €61k | ▲ 8.7% |
| Investment in fixed assets (approximation) | - | €-6k | €-21k | €-12k | €-40k | ▼ 229% |
| Change in cash | - | €84k | €-71k | €-30k | €24k | ▲ 180% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €50k ▲19.2%
Operating result €72k, net result €50k, both a record.
31-12
Financial
Equity above €200kEq €223k ▲28.9%
4 profitable years in a row build equity to €223k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €173k ▲32%
3 profitable years in a row build equity to €173k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tienen · 1 establishment unit since 2007
Ground area
3,440 m²
Building footprint
293 m²
Volume, LiDAR
1,151 m³
Parcel 24113B0039/00C002, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ADVERB
since 20072.165.073.058
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24113B0039/00C002 | Flanders | 3,440 m² | 1 · 293 m² | 6.4 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.
Similar companies · same sector, comparable size
BRAHY CONSEIL
BE 0675.638.058
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Pi M Consulting
BE 0546.736.540
Vosselaar · Eq €284,015
KDK CONSULT
BE 0821.612.665
Halle · Eq €284,101
LAEMEN
BE 0538.450.562
Ravels · Eq €284,007
FOCKEDEY PIERRE
BE 0819.900.319
Jemeppe-sur-Sambre · Eq €284,102
Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 38,419 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 (pre-2019)
Founded03-08-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.