ADVINGCO
ActiveSummary
ADVINGCO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,613 and a net result of -€5,686. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 72% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-39
Solvency100▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.97 against 2.23 in 2024; short-term debt: 23.5% and cash: 0.4% of total assets), and 23.5% of the assets are financed with debt.
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Signals
Four 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
76.5%
Return on assets
-6.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
41 d early
2023
7 d early
2022
10 d late
2021
12 d late
2020
13 d late
2019
4 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 3 days before 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€71,613▼ 7.4%
2024 · €77,299
Total assets
€93,617▼ 15.1%
2024 · €110,253
Net result
-€5,686
2024 · €36,873
Working capital
€43,352▲ 7.0%
2024 · €40,518
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-€3,993€25,931€38,203▲ 47.3%€54,441▲ 42.5%-€5,506
Net result-€4,792€17,746€25,264▲ 42.4%€36,873▲ 45.9%-€5,686
Equity-€2,584€15,162€40,426▲ 167%€77,299▲ 91.2%€71,613▼ 7.4%
Total assets€45,909▲ 6.2%€58,467▲ 27.4%€83,203▲ 42.3%€110,253▲ 32.5%€93,617▼ 15.1%
Debt€48,493▲ 18.2%€43,305▼ 10.7%€42,776▼ 1.2%€32,954▼ 23.0%€22,004▼ 33.2%
Working capital-€2,584▲ 28.5%€15,162€1,210▼ 92.0%€40,518▲ 3,248%€43,352▲ 7.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,506 after €54,441 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,617
Fixed assets
€28,261 ▼ 23.2%
Current assets
€65,356 ▼ 11.0%
Equity and liabilities €93,617
Equity
€71,613 ▼ 7.4%
Debt
€22,004 ▼ 33.2%
Debt's share of the balance-sheet total falls from 29.9% to 23.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3,014▼
2024 · €60,260
Cash flow
€2,834▼
2024 · €42,693
Current ratio
2.97▲
2024 · 2.23
Debt to equity
0.31▼
2024 · 0.43
ROE
-7.9%▼
2024 · 47.7%
ROA
-6.1%▼
2024 · 33.4%
Interest coverage
32.11▼
2024 · 937.61
Debt ≤ 1 year
€22,004▼
2024 · €32,954
Income taxes
€151▼
2024 · €17,552
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,304 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €24,226 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,824 | - | €3,950 | €5,820 | €8,520 | ▲ 46.4% |
| Other operating charges640/8 | €62 | €62 | €62 | €62 | €189 | ▲ 205% |
| Gross operating margin9900 | €1,893 | €25,993 | €42,215 | €60,322 | €3,203 | ▼ 94.7% |
| Operating profit (loss)9901 | -€3,993 | €25,931 | €38,203 | €54,441 | -€5,506 | ▼ 110% |
| Financial income75/76B | - | €6 | €101 | €48 | €65 | ▲ 35.5% |
| Recurring financial income75 | - | €6 | €101 | €48 | €65 | ▲ 35.5% |
| Financial charges65/66B | €83 | €55 | €45 | €64 | €94 | ▲ 46.0% |
| Recurring financial charges65 | €83 | €55 | €45 | €64 | €94 | ▲ 46.0% |
| Profit (loss) for the period before taxes9903 | -€4,076 | €25,883 | €38,259 | €54,425 | -€5,535 | ▼ 110% |
| Income taxes67/77 | €716 | €8,136 | €12,995 | €17,552 | €151 | ▼ 99.1% |
| Profit (loss) for the period9904 | -€4,792 | €17,746 | €25,264 | €36,873 | -€5,686 | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | -€4,792 | €17,746 | €25,264 | €36,873 | -€5,686 | ▼ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,909 | €58,467 | €83,203 | €110,253 | €93,617 | ▼ 15.1% |
| Fixed assets21/28 | - | - | €39,216 | €36,781 | €28,261 | ▼ 23.2% |
| Tangible fixed assets22/27 | - | - | €39,216 | €36,781 | €28,261 | ▼ 23.2% |
| Furniture and vehicles24 | - | - | €39,216 | €36,781 | €28,261 | ▼ 23.2% |
| Current assets29/58 | €45,909 | €58,467 | €43,987 | €73,472 | €65,356 | ▼ 11.0% |
| Amounts receivable within one year40/41 | €4,800 | €4,801 | €5,007 | €3,983 | €3,929 | ▼ 1.3% |
| Trade receivables40 | €4,800 | €4,801 | €4,647 | €3,983 | - | - |
| Other amounts receivable41 | - | - | €360 | - | €3,929 | - |
| Current investments50/53 | €17,363 | €43,363 | €13,434 | €26,150 | €58,801 | ▲ 125% |
| Cash at bank and in hand54/58 | €22,449 | €8,759 | €24,385 | €41,556 | €329 | ▼ 99.2% |
| Deferred charges and accrued income490/1 | €1,297 | €1,545 | €1,161 | €1,783 | €2,298 | ▲ 28.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,909 | €58,467 | €83,203 | €110,253 | €93,617 | ▼ 15.1% |
| Equity10/15 | -€2,584 | €15,162 | €40,426 | €77,299 | €71,613 | ▼ 7.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €3,726 | €8,962 | €34,226 | €71,099 | €71,099 | = |
| Non-distributable reserves130/1 | €350 | €350 | - | - | - | - |
| Reserves not available under the articles1311 | €350 | €350 | - | - | - | - |
| Tax-exempt reserves132 | €3,376 | - | - | - | - | - |
| Distributable reserves133 | - | €8,612 | €34,226 | €71,099 | €71,099 | = |
| Profit (loss) carried forward14 | -€12,510 | - | - | - | -€5,686 | - |
| Amounts payable17/49 | €48,493 | €43,305 | €42,776 | €32,954 | €22,004 | ▼ 33.2% |
| Amounts payable within one year42/48 | €48,493 | €43,305 | €42,776 | €32,954 | €22,004 | ▼ 33.2% |
| Trade debts44 | €1,160 | €859 | €163 | - | €84 | - |
| Suppliers440/4 | €1,160 | €859 | €163 | - | €84 | - |
| Taxes, remuneration and social security45 | €3,746 | €1,571 | €1,921 | €1,879 | - | - |
| Taxes450/3 | €3,746 | €1,571 | €1,921 | €1,879 | - | - |
| Other amounts payable47/48 | €43,587 | €40,875 | €40,693 | €31,076 | €21,920 | ▼ 29.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,792 | €17,746 | €25,264 | €36,873 | -€5,686 | ▼ 115% |
| + Depreciation and write-downs630 | €5,824 | - | €3,950 | €5,820 | €8,520 | ▲ 46.4% |
| Operating cash flow (approximation) | €1,031 | €17,746 | €29,214 | €42,693 | €2,834 | ▼ 93.4% |
| Investment in fixed assets (approximation) | - | - | - | -€3,385 | €0 | ▲ 100% |
| Change in cash | - | -€13,690 | €15,626 | €17,171 | -€41,227 | ▼ 340% |
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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€5,686
Net result drops to -€5,686, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €36,873 ▲45.9%
Operating result €54,441, net result €36,873, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.23
Current ratio from 1.03 to 2.23; short-term debt falls from €42,776 to €32,954.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Back to profitnet €17,746
Net result €17,746 after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 13 days late
2020
31-12
Financial
Back to profitnet €53
Net result €53 after 2 loss-making years.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
Show earlier events
2019
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 25 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
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, Sint-Truiden · 1 establishment unit since 2003
Ground area
1,004 m²
Building footprint
143 m²
Volume, LiDAR
658 m³
Parcel 71064A0943/00D028, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
advingco
since 20032.134.625.055
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71064A0943/00D028 | Flanders | 1,003 m² | 1 · 143 m² | 7.1 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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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 39,750 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
Founded09-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862086114
Also
9925:BE0862086114
Registered
10-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.