ADVISA
ActiveSummary
ADVISA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€18,397) and a net result of -€344. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 5% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▲+30
Solvency0=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Age of the figures
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€18,397
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
69 d early
2023
23 d early
2022
on the day
2021
4 d early
2020
5 d early
2019
8 d early
← 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 17 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€18,397▼ 1.9%
2024 · -€18,052
Total assets
€2,745▼ 26.1%
2024 · €3,712
Net result
-€344▲ 82.4%
2024 · -€1,956
Working capital
-€5,088▲ 5.5%
2024 · -€5,382
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20212022202320242025
Operating result€251▼ 81.2%-€97€1,352-€1,715-€212▲ 87.7%
Net result€206below the sector's middle half▼ 84.2%-€153below the sector's middle half€1,255within the sector's middle half-€1,956below the sector's middle half-€344below the sector's middle half▲ 82.4%
Equity-€17,198below the sector's middle half▲ 1.2%-€17,351below the sector's middle half▼ 0.9%-€16,096below the sector's middle half▲ 7.2%-€18,052below the sector's middle half▼ 12.2%-€18,397below the sector's middle half▼ 1.9%
Total assets€986below the sector's middle half▲ 220%€1,258below the sector's middle half▲ 27.6%€4,844below the sector's middle half▲ 285%€3,712below the sector's middle half▼ 23.4%€2,745below the sector's middle half▼ 26.1%
Debt€18,185▲ 2.7%€18,609▲ 2.3%€20,940▲ 12.5%€21,765▲ 3.9%€21,141▼ 2.9%
Working capital-€2,403▲ 7.9%-€2,751▼ 14.5%-€4,065▼ 47.7%-€5,382▼ 32.4%-€5,088▲ 5.5%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 €212 in 2025 against €1,715 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2,745
Fixed assets
€1,291 ▼ 33.1%
Current assets
€1,453 ▼ 18.5%
Key figures and ratios
EBITDA
€427▲
2024 · -€1,076
Cash flow
€294▲
2024 · -€1,318
Interest coverage
3.22▲
2024 · -6.95
Debt ≤ 1 year
€6,541▼
2024 · €7,165
Debt > 1 year
€14,600=
2024 · €14,600
Ratios withheld: a balance sheet total of €2,745 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,640 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €625 | €639 | €639 | = |
| Other operating charges640/8 | €402 | €628 | €563 | €1,567 | €1,704 | ▲ 8.8% |
| Gross operating margin9900 | €653 | €530 | €2,539 | €491 | €2,132 | ▲ 334% |
| Operating profit (loss)9901 | €251 | -€97 | €1,352 | -€1,715 | -€212 | ▲ 87.7% |
| Financial charges65/66B | €45 | €56 | €97 | €242 | €133 | ▼ 45.1% |
| Recurring financial charges65 | €45 | €45 | €71 | €155 | €133 | ▼ 14.4% |
| Non-recurring financial charges66B | - | €11 | €26 | €87 | - | - |
| Profit (loss) for the period before taxes9903 | €206 | -€153 | €1,255 | -€1,956 | -€344 | ▲ 82.4% |
| Profit (loss) for the period9904 | €206 | -€153 | €1,255 | -€1,956 | -€344 | ▲ 82.4% |
| Profit (loss) for the period to be appropriated9905 | €206 | -€153 | €1,255 | -€1,956 | -€344 | ▲ 82.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €986 | €1,258 | €4,844 | €3,712 | €2,745 | ▼ 26.1% |
| Fixed assets21/28 | - | - | €2,569 | €1,930 | €1,291 | ▼ 33.1% |
| Tangible fixed assets22/27 | - | - | €2,569 | €1,930 | €1,291 | ▼ 33.1% |
| Plant, machinery and equipment23 | - | - | €2,569 | €1,930 | €1,291 | ▼ 33.1% |
| Current assets29/58 | €986 | €1,258 | €2,275 | €1,782 | €1,453 | ▼ 18.5% |
| Amounts receivable within one year40/41 | €450 | €435 | €808 | €222 | €303 | ▲ 36.3% |
| Trade receivables40 | €450 | €435 | €545 | €222 | €303 | ▲ 36.3% |
| Other amounts receivable41 | - | - | €264 | - | - | - |
| Cash at bank and in hand54/58 | €536 | €823 | €601 | €1,560 | €1,151 | ▼ 26.3% |
| Deferred charges and accrued income490/1 | - | - | €867 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €986 | €1,258 | €4,844 | €3,712 | €2,745 | ▼ 26.1% |
| Equity10/15 | -€17,198 | -€17,351 | -€16,096 | -€18,052 | -€18,397 | ▼ 1.9% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | -€23,396 | -€23,549 | -€22,293 | -€24,250 | -€24,594 | ▼ 1.4% |
| Amounts payable17/49 | €18,185 | €18,609 | €20,940 | €21,765 | €21,141 | ▼ 2.9% |
| Amounts payable after more than one year17 | €14,795 | €14,600 | €14,600 | €14,600 | €14,600 | = |
| Other amounts payable178/9 | €14,795 | €14,600 | €14,600 | €14,600 | €14,600 | = |
| Amounts payable within one year42/48 | €3,390 | €4,009 | €6,340 | €7,165 | €6,541 | ▼ 8.7% |
| Trade debts44 | €1,403 | €460 | €1,054 | €456 | €199 | ▼ 56.5% |
| Suppliers440/4 | €1,403 | €460 | €1,054 | €456 | €199 | ▼ 56.5% |
| Taxes, remuneration and social security45 | - | - | - | €478 | €472 | ▼ 1.2% |
| Taxes450/3 | - | - | - | €478 | €472 | ▼ 1.2% |
| Other amounts payable47/48 | €1,987 | €3,550 | €5,286 | €6,231 | €5,871 | ▼ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €206 | -€153 | €1,255 | -€1,956 | -€344 | ▲ 82.4% |
| + Depreciation and write-downs630 | - | - | €625 | €639 | €639 | = |
| Operating cash flow (approximation) | €206 | -€153 | €1,880 | -€1,318 | €294 | ▲ 122% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €287 | -€222 | €960 | -€410 | ▼ 143% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€1,956
Net result drops to -€1,956, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1,255
Net result €1,255 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €1,299 ▲369%
Net result €1,299, the highest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €277
Net result €277 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Middelkerke · 1 establishment unit since 2001
Ground area
106 m²
Building footprint
78 m²
Volume, LiDAR
539 m³
Parcel 35011B0145/00V000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ADVISA
since 20012.131.392.777
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011B0145/00V000 | Flanders | 106 m² | 1 · 78 m² | 10.2 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 985 EUR awarded · 1,075 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 96 EUR | 96 EUR |
| 2024 | 1 | 240 EUR | 240 EUR |
| 2023 | 1 | 403 EUR | 493 EUR |
| 2022 | 1 | 246 EUR | 246 EUR |
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Anzegem
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 11,577 companies in sector 71121 we hold annual accounts for 6,570. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
71111Activities of building architects
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466317008
Registered
17-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.