Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €359,911 falls due within a year.
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 55.5% · 39,364 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 3% of them on solvency, 1% on liquidity, 20% on profitability and 48% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,449 companies had the same profile as ADVIM has now. Each dot stands for 4 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ADVIM itself: 0.7% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,449 companies, not a prediction for ADVIM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.04 (0.22 in 2024), below 1. Short-term debt is 129.1% and cash 0.1% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 81 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ADVIM Edegem | €278,764 | €57,730 | -80.4% | - |
| EDWIN MOEHLIG Edegem | €220,620 | €57,289 | 86.1% | - |
| NATHACO Antwerp | €279,919 | €60,061 | 79.0% | - |
| VAN LAARHOVEN MARC Brecht | €265,398 | €62,527 | 92.3% | - |
| MARIX INTERNATIONAL Duffel | €290,421 | €52,587 | 94.3% | - |
| LENIKO Schilde | €303,325 | €57,731 | 30.7% | - |
| HUMAN PROJECT CONSULTANCY Beerse | €250,795 | €61,080 | 91.1% | - |
These companies have the same main activity as ADVIM: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €221,000 and €303,000, founded between 1998 and 2001.
ADVIM files the micro format. That format states no turnover. The gross margin rose from €10,592 in 2006 to €57,730 in 2025.
The balance sheet grew most from 2014 to 2016 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €89,000 and €150,000.
Lower than 95% of 39,364 companies in 2025.
Lower than 95% of 38,048 companies in 2025.
Higher than 26% of 38,520 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
278,764 | 365,641 | 322,586 | 362,803 | 360,547 | 374,020 | 420,248 | 428,212 | 403,990 | 424,699 | 414,933 | 128,227 | 118,874 | 113,903 | 204,526 | 150,237 | 113,798 | 119,775 | 74,254 | |
21/28 |
262,640 | 270,529 | 278,417 | 286,305 | 274,528 | 285,837 | 294,714 | 307,884 | 316,950 | 321,978 | 333,338 | 1,561 | 10,024 | 19,211 | 26,540 | 32,593 | 4,935 | 2,345 | 9,676 | |
22/27 |
261,641 | 269,530 | 277,418 | 285,306 | 271,558 | 282,867 | 294,714 | 307,884 | 316,950 | 321,978 | 333,338 | 1,561 | 10,024 | 19,211 | 26,540 | 32,593 | 4,935 | 2,345 | 9,676 | |
22 |
260,667 | 267,879 | 275,091 | 282,303 | 267,879 | 278,182 | 288,485 | 298,788 | 309,091 | 319,394 | 329,697 | - | - | - | - | - | - | - | - | |
23 |
975 | 1,651 | 2,327 | 3,003 | 3,679 | 4,686 | 6,064 | 8,501 | 6,835 | 753 | 1,004 | 213 | 625 | 1,037 | 1,158 | 614 | 330 | 659 | - | |
24 |
- | - | - | - | - | - | 166 | 595 | 1,024 | 1,830 | 2,637 | 1,348 | 9,399 | 18,174 | 25,382 | 31,979 | 4,605 | 1,686 | 9,676 | |
28 |
999 | 999 | 999 | 999 | 2,970 | 2,970 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
16,123 | 95,112 | 44,169 | 76,498 | 86,019 | 88,183 | 125,533 | 120,328 | 87,040 | 102,722 | 81,594 | 126,666 | 108,850 | 94,692 | 177,986 | 117,643 | 108,864 | 117,430 | 64,578 | |
40/41 |
15,818 | 95,017 | 44,075 | 76,498 | 85,619 | 85,983 | 118,053 | 90,935 | 61,288 | 102,673 | 78,578 | 126,152 | 98,141 | 66,353 | 177,986 | 117,216 | 108,864 | 117,430 | 59,778 | |
40 |
15,325 | 65,066 | 14,200 | 23,983 | 17,951 | 17,951 | 51,284 | 17,951 | 17,951 | 17,951 | 17,951 | 18,086 | 9,036 | 18,642 | 19,692 | - | - | 8,047 | - | |
41 |
493 | 29,951 | 29,875 | 52,515 | 67,668 | 68,032 | 66,768 | 72,984 | 43,337 | 84,722 | 60,627 | 108,066 | 89,105 | 47,711 | 158,294 | 117,216 | 108,864 | 109,383 | 59,778 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 4,721 | - | - | - | - | - | |
54/58 |
199 | - | - | - | - | - | 4,653 | 29,393 | 25,752 | 49 | 3,016 | 514 | 10,709 | - | - | 427 | - | - | 4,800 | |
490/1 |
105 | 95 | 95 | - | 400 | 2,200 | 2,828 | - | - | - | - | - | - | 23,618 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
278,764 | 365,641 | 322,586 | 362,803 | 360,547 | 374,020 | 420,248 | 428,212 | 403,990 | 424,699 | 414,933 | 128,227 | 118,874 | 113,903 | 204,526 | 150,237 | 113,798 | 119,775 | 74,254 | |
10/15 |
-224,262 | -231,374 | -286,243 | -250,772 | -207,866 | -180,202 | -121,548 | -100,205 | -69,593 | -49,381 | 249 | 54,598 | 41,658 | 14,967 | 110,382 | 82,717 | 76,292 | 67,735 | 36,884 | |
10/11 |
6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | 6,700 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
101 |
- | - | - | - | - | - | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | |
13 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
130/1 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
1311 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-232,962 | -240,074 | -294,943 | -259,472 | -216,566 | -188,901 | -130,248 | -108,905 | -78,293 | -58,081 | -8,451 | 45,898 | 32,958 | 6,267 | 101,682 | 74,017 | 67,592 | 59,035 | 28,184 | |
17/49 |
503,026 | 597,015 | 608,829 | 613,575 | 568,413 | 554,222 | 541,795 | 528,416 | 473,583 | 474,080 | 414,684 | 73,629 | 77,217 | 98,936 | 94,143 | 67,520 | 37,506 | 52,040 | 37,369 | |
17 |
140,606 | 153,857 | 166,628 | 178,732 | 190,353 | 201,509 | 219,030 | 219,030 | 231,714 | 244,261 | 256,673 | - | 20,526 | 20,526 | 26,327 | 26,327 | - | - | - | |
170/4 |
140,606 | 153,857 | 166,628 | 178,732 | 190,353 | 201,509 | 219,030 | 219,030 | 231,714 | 244,261 | 256,673 | - | 20,526 | 20,526 | 26,327 | 26,327 | - | - | - | |
42/48 |
359,911 | 442,158 | 441,201 | 433,842 | 378,060 | 352,712 | 321,273 | 307,894 | 241,869 | 229,819 | 158,010 | 73,629 | 56,691 | 78,410 | 67,816 | 41,193 | 37,506 | 52,040 | 37,369 | |
42 |
13,250 | 12,748 | 12,104 | 11,621 | 11,157 | 10,711 | 20,020 | 20,020 | 12,547 | 12,412 | 12,278 | - | - | - | - | 6,719 | - | 4,254 | - | |
43 |
0 | 4,734 | 15,118 | 4,514 | 10,628 | 8,881 | - | - | - | 5,581 | 3,897 | - | 11,752 | 11,752 | 36,160 | 18,503 | 29,197 | 36,361 | 20,806 | |
430/8 |
0 | 4,734 | 15,118 | 4,514 | 10,628 | 8,881 | - | - | - | 5,581 | 3,897 | - | 11,752 | 11,752 | 36,160 | 18,503 | 29,197 | 36,361 | 20,806 | |
44 |
1,061 | 1,684 | 14,425 | 17,710 | 14,467 | 19,343 | 18,313 | 17,136 | 24,787 | 17,045 | 4,414 | 13,945 | 11,750 | 14,775 | 5,476 | 5,212 | 2,196 | 5,028 | 3,495 | |
440/4 |
1,061 | 1,684 | 14,425 | 17,710 | 14,467 | 19,343 | 18,313 | 17,136 | 24,787 | 17,045 | 4,414 | 13,945 | 11,750 | 14,775 | 5,476 | 5,212 | 2,196 | 5,028 | 3,495 | |
46 |
- | - | 0 | 160 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
2,772 | 6 | - | - | 1,742 | 2,105 | 1,861 | 487 | - | - | 9,910 | 6,983 | 1,989 | 36,883 | 26,180 | 10,760 | 6,113 | 6,397 | 13,069 | |
450/3 |
2,772 | 6 | - | - | 1,742 | 2,105 | 1,861 | 487 | - | - | 9,910 | 6,983 | 1,989 | 36,883 | 26,180 | 10,760 | 6,113 | 6,397 | 13,069 | |
47/48 |
342,828 | 422,986 | 399,555 | 399,838 | 340,067 | 311,671 | 281,079 | 270,251 | 204,535 | 194,782 | 127,511 | 52,700 | 31,200 | 15,000 | - | - | - | - | - | |
492/3 |
2,508 | 1,000 | 1,000 | 1,000 | - | - | 1,493 | 1,493 | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 54,030 | |
76A |
2,609 | 0 | 2,865 | 21,636 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
57,730 | 80,014 | 11,017 | 14,176 | 1,674 | -28,545 | -6,165 | -8,621 | -984 | -30,837 | 2,689 | 29,866 | 44,403 | -77,634 | 63,120 | 30,770 | 20,908 | 46,296 | 10,592 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 43,975 | |
630 |
7,888 | 7,888 | 7,888 | 7,888 | 11,310 | 11,847 | 13,169 | 13,169 | 12,876 | 11,361 | 11,574 | 8,463 | 9,187 | 9,495 | 8,773 | 8,648 | 1,411 | 4,324 | 6,087 | |
640/8 |
2,241 | 2,086 | 3,520 | 18,244 | 7,304 | 1,356 | 1,794 | 1,728 | 1,254 | 3,336 | 38,196 | 4,247 | 2,739 | 3,210 | 1,396 | 4,072 | 681 | 1,173 | 447 | |
66A |
27,815 | 0 | 23,348 | 19,849 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
19,786 | 70,040 | -23,740 | -31,805 | -16,940 | -41,747 | -21,128 | -23,518 | -15,114 | -45,534 | -47,081 | 17,156 | 32,476 | -90,339 | 52,951 | 18,050 | 18,816 | 40,798 | 4,058 | |
75/76B |
- | 0 | 411 | 373 | - | 355 | 155 | 1,115 | 157 | 12 | 85 | 2 | 541 | 0 | 1 | - | - | - | 4 | |
75 |
- | 0 | 411 | 373 | - | 355 | 155 | 1,115 | 157 | 12 | 85 | 2 | 541 | 0 | 1 | - | - | - | 4 | |
65/66B |
12,674 | 15,171 | 12,142 | 11,475 | 10,724 | 17,262 | 371 | 5,408 | 5,255 | 5,108 | 7,354 | 3,148 | 3,063 | 4,854 | 5,534 | 3,179 | 4,439 | 4,436 | 2,279 | |
65 |
12,674 | 15,171 | 12,142 | 11,475 | 10,724 | 17,262 | 371 | 5,408 | 5,255 | 5,108 | 7,354 | 3,148 | 3,063 | 4,854 | 5,534 | 3,179 | 4,439 | 4,436 | 2,279 | |
9903 |
7,112 | 54,869 | -35,471 | -42,906 | -27,664 | -58,654 | -21,343 | -27,812 | -20,212 | -50,630 | -54,349 | 14,010 | 29,954 | -95,193 | 47,418 | 14,871 | 14,378 | 36,362 | 1,783 | |
67/77 |
- | - | - | - | - | - | - | 2,800 | - | - | - | 1,070 | 3,264 | 222 | 19,753 | 8,446 | 5,820 | 13,613 | 2,616 | |
9904 |
7,112 | 54,869 | -35,471 | -42,906 | -27,664 | -58,654 | -21,343 | -30,612 | -20,212 | -50,630 | -54,349 | 12,940 | 26,690 | -95,415 | 27,666 | 6,425 | 8,557 | 22,749 | -833 | |
9905 |
7,112 | 54,869 | -35,471 | -42,906 | -27,664 | -58,654 | -21,343 | -30,612 | -20,212 | -50,630 | -54,349 | 12,940 | 26,690 | -95,415 | 27,666 | 6,425 | 8,557 | 22,749 | -833 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-232,962 | -240,074 | -294,943 | -259,472 | -216,566 | -188,901 | -130,248 | -108,905 | -78,293 | -58,081 | -8,451 | 45,898 | 32,958 | 6,267 | 101,682 | 74,017 | 67,592 | 59,035 | 28,184 | |
14P |
-240,074 | -294,943 | -259,472 | -216,566 | -188,901 | -130,248 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 5 older financial years (2000-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00437429.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00437429 | |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00223588 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00201905 | |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00464980 | |
| 31-12-2021 | micro format | 29-11-2022 | 2022-20529059 | |
| 31-12-2020 | micro format | 02-05-2022 | 2022-20015935 | |
| 31-12-2019 | micro format | 24-12-2020 | 2020-77600121 | |
| 31-12-2018 | micro format | 19-09-2019 | 2019-64800572 | |
| 31-12-2017 | micro format | 10-10-2018 | 2018-69100176 | |
| 31-12-2016 | micro format | 07-05-2018 | 2018-12300227 | |
| 31-12-2015 | abbreviated format | 06-07-2017 | 2017-28900198 | |
| 31-12-2014 | abbreviated format | 30-09-2015 | 2015-63400023 | |
| 31-12-2013 | abbreviated format | 30-12-2014 | 2014-71100379 | |
| 31-12-2012 | abbreviated format | 23-12-2013 | 2013-70000239 | |
| 31-12-2011 | abbreviated format | 28-12-2012 | 2012-68200589 | |
| 31-12-2010 | abbreviated format | 26-11-2011 | 2011-62400585 | |
| 31-12-2009 | abbreviated format | 21-10-2010 | 2010-59200082 | |
| 31-12-2008 | abbreviated format | 02-12-2009 | 2009-87800243 | |
| 31-12-2006 | abbreviated format | 31-12-2007 | 2007-85500234 | |
| 31-12-2005 | abbreviated format | 29-12-2006 | 2006-94104738 | |
| 31-12-2004 | abbreviated format | 30-09-2005 | 2005-80602250 | |
| 31-12-2003 | abbreviated format | 31-12-2004 | 2004-89705125 | |
| 31-12-2002 | abbreviated format | 30-09-2003 | 2003-70802087 | |
| 31-12-2000 | abbreviated format | 26-10-2001 | 2001-65800256 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27,674 | 77,928 | -15,851 | -23,917 | -5,631 | -29,900 | -7,958 | -10,349 | -2,238 | -34,173 | -35,507 | 25,619 | 41,664 | -80,844 | 61,723 | 26,698 | 20,227 | 45,122 | 10,146 | ||
| 15,000 | 62,757 | -27,583 | -35,018 | -16,355 | -46,806 | -8,174 | -17,442 | -7,336 | -39,269 | -42,776 | 21,404 | 35,878 | -85,920 | 36,438 | 15,073 | 9,968 | 27,074 | 5,255 | ||
| 0 | 999 | 999 | 999 | 0 | 2,970 | 0 | 4,103 | 7,849 | 0 | 343,351 | 0 | 0 | 2,166 | 2,719 | 36,307 | 4,000 | 989 | 11,141 | ||
| - | - | - | - | - | - | -24,740 | 3,641 | 25,703 | -2,967 | 2,502 | -10,195 | - | - | - | - | - | - | - | ||
| -343,788 | -347,046 | -397,031 | -357,345 | -292,041 | -264,529 | -195,740 | -187,566 | -154,829 | -127,098 | -76,416 | 53,037 | 52,159 | 16,282 | 110,169 | 76,450 | 71,357 | 65,389 | 27,209 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.5% | ||
| -80.4% | -63.3% | -88.7% | -69.1% | -57.7% | -48.2% | -28.9% | -23.4% | -17.2% | -11.6% | 0.1% | 42.6% | 35.0% | 13.1% | 54.0% | 55.1% | 67.0% | 56.6% | 49.7% | ||
| 0.04 | 0.22 | 0.10 | 0.18 | 0.23 | 0.25 | 0.39 | 0.39 | 0.36 | 0.45 | 0.52 | 1.72 | 1.92 | 1.21 | 2.62 | 2.86 | 2.90 | 2.26 | 1.73 | ||
| - | - | - | - | - | - | - | - | - | - | - | 1.35 | 1.85 | 6.61 | 0.85 | 0.82 | 0.49 | 0.77 | 1.01 | ||
| - | - | - | - | - | - | - | - | - | - | - | 23.7% | 64.1% | -637.5% | 25.1% | 7.8% | 11.2% | 33.6% | -2.3% | ||
| 2.6% | 15.0% | -11.0% | -11.8% | -7.7% | -15.7% | -5.1% | -7.1% | -5.0% | -11.9% | -13.1% | 10.1% | 22.5% | -83.8% | 13.5% | 4.3% | 7.5% | 19.0% | -1.1% | ||
| 2.18 | 5.14 | -1.31 | -2.08 | -0.53 | -1.73 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 404 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 29 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | €0 | €999 | €999 | €999 | - |
| €7,888 | €7,888 | €7,888 | €7,888 | €11,310 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 72% lower than in 2024.
Equity is negative. Debt (€503,026) exceeds the balance-sheet total (€278,764).
ADVIM has no parent and no holdings in its annual accounts. LECLAIR Patrick is the only director. ADVIM shares no director with another company.
| Fast Solutions
registered office since 26-12-1968 · founded in 1968 |
total assets €1.7m (2025) 0406.089.906 |
| Vicuna
registered office since 09-06-2026 |
founded in 2026 1039.910.571 |
| FIST
registered office since 29-08-2012 |
founded in 2012 0848.279.153 |
| NIDUZ
registered office since 18-08-2011 |
founded in 2011 0838.610.035 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Hovestraat 113 registered office 2650 Edegem 47639 Retail sale of other sporting goods | 13-04-2000 | 2.097.274.711 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11472B0125/00G018 | 643 m² | 1 · 98 m² | 10.1 m · 2 |
If something looks wrong or is missing, please tell us.