ADVIM
ActiveSummary
ADVIM has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€224,262) and a net result of €7,112. Equity is shrinking by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-40
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.22 in 2024; short-term debt: 129.1% and cash: 0.1% of total assets), and equity is negative.
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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 2025Solvency, return and age of the figures
Solvency
-80.4%
Return on assets
2.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 31840 sector peers (2025).
NBB · sector comparisonPosition among 31840 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
28 d early
2023
34 d early
2022
60 d late
2021
121 d late
2020
275 d late
2019
146 d 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 81 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€224,262▲ 3.1%
2024 · -€231,374
Total assets
€278,764▼ 23.8%
2024 · €365,641
Net result
€7,112▼ 87.0%
2024 · €54,869
Working capital
-€343,788▲ 0.9%
2024 · -€347,046
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
Line20212022202320242025
Operating result-€16,940▲ 59.4%-€31,805▼ 87.7%-€23,740▲ 25.4%€70,040€19,786▼ 71.8%
Net result-€27,664▲ 52.8%-€42,906▼ 55.1%-€35,471▲ 17.3%€54,869€7,112▼ 87.0%
Equity-€207,866▼ 15.4%-€250,772▼ 20.6%-€286,243▼ 14.1%-€231,374▲ 19.2%-€224,262▲ 3.1%
Total assets€360,547▼ 3.6%€362,803▲ 0.6%€322,586▼ 11.1%€365,641▲ 13.3%€278,764▼ 23.8%
Debt€568,413▲ 2.6%€613,575▲ 7.9%€608,829▼ 0.8%€597,015▼ 1.9%€503,026▼ 15.7%
Working capital-€292,041▼ 10.4%-€357,345▼ 22.4%-€397,031▼ 11.1%-€347,046▲ 12.6%-€343,788▲ 0.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €278,764
Fixed assets
€262,640 ▼ 2.9%
Current assets
€16,123 ▼ 83.0%
Key figures and ratios
EBITDA
€27,674▼
2024 · €77,928
Cash flow
€15,000▼
2024 · €62,757
Solvency
-80.4%▼
2024 · -63.3%
Current ratio
0.04▼
2024 · 0.22
Debt to equity
-2.24▲
2024 · -2.58
ROA
2.6%▼
2024 · 15.0%
Interest coverage
2.18▼
2024 · 5.14
Debt ≤ 1 year
€359,911▼
2024 · €442,158
Debt > 1 year
€140,606▼
2024 · €153,857
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €21,636 | €2,865 | €0 | €2,609 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,310 | €7,888 | €7,888 | €7,888 | €7,888 | = |
| Other operating charges640/8 | €7,304 | €18,244 | €3,520 | €2,086 | €2,241 | ▲ 7.5% |
| Non-recurring operating charges66A | - | €19,849 | €23,348 | €0 | €27,815 | - |
| Gross operating margin9900 | €1,674 | €14,176 | €11,017 | €80,014 | €57,730 | ▼ 27.8% |
| Operating profit (loss)9901 | -€16,940 | -€31,805 | -€23,740 | €70,040 | €19,786 | ▼ 71.8% |
| Financial income75/76B | - | €373 | €411 | €0 | - | - |
| Recurring financial income75 | - | €373 | €411 | €0 | - | - |
| Financial charges65/66B | €10,724 | €11,475 | €12,142 | €15,171 | €12,674 | ▼ 16.5% |
| Recurring financial charges65 | €10,724 | €11,475 | €12,142 | €15,171 | €12,674 | ▼ 16.5% |
| Profit (loss) for the period before taxes9903 | -€27,664 | -€42,906 | -€35,471 | €54,869 | €7,112 | ▼ 87.0% |
| Profit (loss) for the period9904 | -€27,664 | -€42,906 | -€35,471 | €54,869 | €7,112 | ▼ 87.0% |
| Profit (loss) for the period to be appropriated9905 | -€27,664 | -€42,906 | -€35,471 | €54,869 | €7,112 | ▼ 87.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €360,547 | €362,803 | €322,586 | €365,641 | €278,764 | ▼ 23.8% |
| Fixed assets21/28 | €274,528 | €286,305 | €278,417 | €270,529 | €262,640 | ▼ 2.9% |
| Tangible fixed assets22/27 | €271,558 | €285,306 | €277,418 | €269,530 | €261,641 | ▼ 2.9% |
| Land and buildings22 | €267,879 | €282,303 | €275,091 | €267,879 | €260,667 | ▼ 2.7% |
| Plant, machinery and equipment23 | €3,679 | €3,003 | €2,327 | €1,651 | €975 | ▼ 41.0% |
| Financial fixed assets28 | €2,970 | €999 | €999 | €999 | €999 | = |
| Current assets29/58 | €86,019 | €76,498 | €44,169 | €95,112 | €16,123 | ▼ 83.0% |
| Amounts receivable within one year40/41 | €85,619 | €76,498 | €44,075 | €95,017 | €15,818 | ▼ 83.4% |
| Trade receivables40 | €17,951 | €23,983 | €14,200 | €65,066 | €15,325 | ▼ 76.4% |
| Other amounts receivable41 | €67,668 | €52,515 | €29,875 | €29,951 | €493 | ▼ 98.4% |
| Cash at bank and in hand54/58 | - | - | - | - | €199 | - |
| Deferred charges and accrued income490/1 | €400 | - | €95 | €95 | €105 | ▲ 11.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €360,547 | €362,803 | €322,586 | €365,641 | €278,764 | ▼ 23.8% |
| Equity10/15 | -€207,866 | -€250,772 | -€286,243 | -€231,374 | -€224,262 | ▲ 3.1% |
| Contributions10/11 | €6,700 | €6,700 | €6,700 | €6,700 | €6,700 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€216,566 | -€259,472 | -€294,943 | -€240,074 | -€232,962 | ▲ 3.0% |
| Amounts payable17/49 | €568,413 | €613,575 | €608,829 | €597,015 | €503,026 | ▼ 15.7% |
| Amounts payable after more than one year17 | €190,353 | €178,732 | €166,628 | €153,857 | €140,606 | ▼ 8.6% |
| Financial debts170/4 | €190,353 | €178,732 | €166,628 | €153,857 | €140,606 | ▼ 8.6% |
| Amounts payable within one year42/48 | €378,060 | €433,842 | €441,201 | €442,158 | €359,911 | ▼ 18.6% |
| Current portion of amounts payable after more than one year42 | €11,157 | €11,621 | €12,104 | €12,748 | €13,250 | ▲ 3.9% |
| Financial debts43 | €10,628 | €4,514 | €15,118 | €4,734 | €0 | ▼ 100% |
| Credit institutions430/8 | €10,628 | €4,514 | €15,118 | €4,734 | €0 | ▼ 100% |
| Trade debts44 | €14,467 | €17,710 | €14,425 | €1,684 | €1,061 | ▼ 37.0% |
| Suppliers440/4 | €14,467 | €17,710 | €14,425 | €1,684 | €1,061 | ▼ 37.0% |
| Advances received on contracts in progress46 | - | €160 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €1,742 | - | - | €6 | €2,772 | ▲ 42,678% |
| Taxes450/3 | €1,742 | - | - | €6 | €2,772 | ▲ 42,678% |
| Other amounts payable47/48 | €340,067 | €399,838 | €399,555 | €422,986 | €342,828 | ▼ 19.0% |
| Accrued charges and deferred income492/3 | - | €1,000 | €1,000 | €1,000 | €2,508 | ▲ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,664 | -€42,906 | -€35,471 | €54,869 | €7,112 | ▼ 87.0% |
| + Depreciation and write-downs630 | €11,310 | €7,888 | €7,888 | €7,888 | €7,888 | = |
| Operating cash flow (approximation) | -€16,355 | -€35,018 | -€27,583 | €62,757 | €15,000 | ▼ 76.1% |
| Investment in fixed assets (approximation) | - | -€19,665 | €0 | €0 | €0 | - |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €54,869
Net result €54,869 after 6 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
02-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 275 days late
2020
31-12
Financial
Weakest financial yearnet -€58,654
Net result drops to -€58,654, the lowest in the series; recovery starts the following year.
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 146 days late
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 71 days late
07-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 280 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, Edegem · 1 establishment unit since 2000
Ground area
643 m²
Building footprint
98 m²
Volume, LiDAR
654 m³
Parcel 11472B0125/00G018, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Hovestraat 113, 2650 Edegem
since 20002.097.274.711
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0125/00G018 | Flanders | 643 m² | 1 · 98 m² | 10.1 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-11-1999
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47639Retail sale of other sporting goods
Scores and ratios are computed by Checked and are not a credit decision.