ADVICON
ActiveSummary
ADVICON has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €43,588 and a net result of -€1,887. Equity is shrinking by ~20.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 46% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability32▲+32
Solvency79▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.66 in 2023; short-term debt: 46.2% and cash: 4.3% of total assets), and 46.2% of the assets are financed with debt.
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Signals
Five 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 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
53.8%
Return on assets
-2.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€1,887
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
74 d late
2022
67 d late
2021
78 d late
2020
101 d late
2019
132 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 85 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€43,588▼ 4.1%
2023 · €45,475
Total assets
€81,062▼ 10.8%
2023 · €90,899
Net result
-€1,887▲ 93.5%
2023 · -€29,143
Working capital
-€18,452▼ 18.5%
2023 · -€15,577
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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-€6,153▲ 58.5%-€32,841▼ 434%-€24,201▲ 26.3%-€28,598▼ 18.2%-€1,372▲ 95.2%
Net result-€6,673below the sector's middle half▲ 56.5%-€33,293below the sector's middle half▼ 399%-€24,486below the sector's middle half▲ 26.5%-€29,143below the sector's middle half▼ 19.0%-€1,887below the sector's middle half▲ 93.5%
Equity€132,758within the sector's middle half▼ 4.8%€99,464within the sector's middle half▼ 25.1%€74,978within the sector's middle half▼ 24.6%€45,475within the sector's middle half▼ 39.3%€43,588within the sector's middle half▼ 4.1%
Total assets€143,421within the sector's middle half▼ 5.7%€160,231within the sector's middle half▲ 11.7%€103,633within the sector's middle half▼ 35.3%€90,899within the sector's middle half▼ 12.3%€81,062within the sector's middle half▼ 10.8%
Debt€10,663▼ 16.3%€60,767▲ 470%€28,655▼ 52.8%€45,424▲ 58.5%€37,474▼ 17.5%
Working capital€71,706within the sector's middle half▲ 11.8%€38,412within the sector's middle half▼ 46.4%€13,926within the sector's middle half▼ 63.7%-€15,577below the sector's middle half-€18,452below the sector's middle half▼ 18.5%
Solvency92.6%above the sector's middle half▲ 0.9pp62.1%within the sector's middle half▼ 30.5pp72.3%within the sector's middle half▲ 10.3pp50.0%within the sector's middle half▼ 22.3pp53.8%within the sector's middle half▲ 3.7pp
Current ratio7.72above the sector's middle half▲ 1.691.63within the sector's middle half▼ 6.091.49within the sector's middle half▼ 0.150.66below the sector's middle half▼ 0.830.51below the sector's middle half▼ 0.15
Return on assets (ROA)-4.7%below the sector's middle half▲ 5.4pp-20.8%below the sector's middle half▼ 16.1pp-23.6%below the sector's middle half▼ 2.8pp-32.1%below the sector's middle half▼ 8.4pp-2.3%below the sector's middle half▲ 29.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 stays negative: a loss of €1,372 in 2024 against €28,598 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €81,062
Fixed assets
€62,040 ▲ 1.6%
Current assets
€19,021 ▼ 36.3%
Equity and liabilities €81,062
Equity
€43,588 ▼ 4.1%
Debt
€37,474 ▼ 17.5%
Debt's share of the balance-sheet total falls from 50.0% to 46.2%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.86▼
2023 · 1.00
ROE
-4.3%▲
2023 · -64.1%
Debt ≤ 1 year
€37,474▼
2023 · €45,424
Income taxes
€318▲
2023 · €249
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 | - | €114 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,214 | - | - | - | - | - |
| Other operating charges640/8 | - | €1,297 | €1,111 | €1,242 | €1,411 | ▲ 13.5% |
| Gross operating margin9900 | €10,568 | -€31,430 | -€23,090 | -€27,356 | €38 | ▲ 100% |
| Operating profit (loss)9901 | -€6,153 | -€32,841 | -€24,201 | -€28,598 | -€1,372 | ▲ 95.2% |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | - | - | €286 | €296 | €197 | ▼ 33.5% |
| Recurring financial charges65 | €209 | - | €286 | €296 | €197 | ▼ 33.5% |
| Profit (loss) for the period before taxes9903 | -€6,362 | -€32,841 | -€24,486 | -€28,894 | -€1,569 | ▲ 94.6% |
| Income taxes67/77 | €312 | €452 | - | €249 | €318 | ▲ 27.6% |
| Profit (loss) for the period9904 | -€6,673 | -€33,293 | -€24,486 | -€29,143 | -€1,887 | ▲ 93.5% |
| Profit (loss) for the period to be appropriated9905 | -€6,673 | -€33,293 | -€24,486 | -€29,143 | -€1,887 | ▲ 93.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,421 | €160,231 | €103,633 | €90,899 | €81,062 | ▼ 10.8% |
| Fixed assets21/28 | €61,052 | €61,052 | €61,052 | €61,052 | €62,040 | ▲ 1.6% |
| Tangible fixed assets22/27 | - | - | - | - | €988 | - |
| Furniture and vehicles24 | - | - | - | - | €988 | - |
| Financial fixed assets28 | €61,052 | €61,052 | €61,052 | €61,052 | €61,052 | = |
| Current assets29/58 | €82,369 | €99,179 | €42,581 | €29,847 | €19,021 | ▼ 36.3% |
| Amounts receivable within one year40/41 | €24,239 | €41,050 | €25,656 | €14,939 | €3,501 | ▼ 76.6% |
| Trade receivables40 | - | €13,042 | €1,061 | €14,939 | - | - |
| Other amounts receivable41 | - | €28,008 | €24,595 | - | €3,501 | - |
| Current investments50/53 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Cash at bank and in hand54/58 | €40,794 | €40,794 | - | €2,908 | €3,521 | ▲ 21.1% |
| Deferred charges and accrued income490/1 | - | €5,335 | €4,925 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,421 | €160,231 | €103,633 | €90,899 | €81,062 | ▼ 10.8% |
| Equity10/15 | €132,758 | €99,464 | €74,978 | €45,475 | €43,588 | ▼ 4.1% |
| Contributions10/11 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Reserves13 | €39,500 | €39,500 | €39,500 | €39,500 | €39,500 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Profit (loss) carried forward14 | €85,258 | €51,964 | €27,478 | -€2,025 | -€3,912 | ▼ 93.2% |
| Amounts payable17/49 | €10,663 | €60,767 | €28,655 | €45,424 | €37,474 | ▼ 17.5% |
| Amounts payable within one year42/48 | €10,663 | €60,767 | €28,655 | €45,424 | €37,474 | ▼ 17.5% |
| Current portion of amounts payable after more than one year42 | - | €3,849 | - | - | - | - |
| Trade debts44 | €5,255 | €51,638 | €3,203 | €11,638 | €88 | ▼ 99.2% |
| Suppliers440/4 | - | €51,638 | €3,203 | €11,638 | €88 | ▼ 99.2% |
| Taxes, remuneration and social security45 | - | €5,280 | €452 | €286 | €434 | ▲ 51.4% |
| Taxes450/3 | - | €5,243 | €452 | €249 | €397 | ▲ 59.1% |
| Remuneration and social security454/9 | - | €37 | - | €37 | €37 | = |
| Other amounts payable47/48 | - | - | €25,000 | €33,500 | €36,952 | ▲ 10.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,673 | -€33,293 | -€24,486 | -€29,143 | -€1,887 | ▲ 93.5% |
| + Depreciation and write-downs630 | €14,214 | - | - | - | - | - |
| Operating cash flow (approximation) | €7,541 | -€33,293 | -€24,486 | -€29,143 | -€1,887 | ▲ 93.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€988 | - |
| Change in cash | - | €0 | - | - | €612 | - |
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
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
13-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 74 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Weakest financial yearnet -€33,293
Net result drops to -€33,293, the lowest in the series; recovery starts the following year.
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 101 days late
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 132 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Bonheiden · 1 establishment unit since 2004
Ground area
1,023 m²
Building footprint
223 m²
Parcel 12005D0150/00M000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Advicon
since 20042.137.296.713
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005D0150/00M000 | Flanders | 1,023 m² | 1 · 223 m² | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of ADVICON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 37,321 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
Founded24-02-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
rudy.geens@advicon.be
Phone
0495561500
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863626038
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.