ADVITEC
ActiveSummary
ADVITEC has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,282 and a net result of €19,700. Equity is growing by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 4.34 against 3.64 in 2024; short-term debt: 12.5% and cash: 33.4% of total assets), and 17% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83%
Return on assets
17%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
12 d late
2023
43 d early
2022
16 d late
2021
2 d early
2020
12 d early
2019
on the day
← 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 9 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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Financials · fiscal year 2025, micro schema
Equity
€96,282▲ 25.7%
2024 · €76,582
Total assets
€115,983▲ 19.9%
2024 · €96,699
Net result
€19,700▼ 16.5%
2024 · €23,591
Working capital
€48,295▲ 93.1%
2024 · €25,009
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€24,730▲ 24.4%€23,722▼ 4.1%-€1,474€26,196€22,776▼ 13.1%
Net result€20,116within the sector's middle half▲ 29.5%€19,310within the sector's middle half▼ 4.0%-€3,665below the sector's middle half€23,591within the sector's middle half€19,700within the sector's middle half▼ 16.5%
Equity€37,346within the sector's middle half▲ 117%€56,656within the sector's middle half▲ 51.7%€52,991within the sector's middle half▼ 6.5%€76,582within the sector's middle half▲ 44.5%€96,282within the sector's middle half▲ 25.7%
Total assets€58,742below the sector's middle half▲ 97.5%€91,610within the sector's middle half▲ 56.0%€82,392within the sector's middle half▼ 10.1%€96,699within the sector's middle half▲ 17.4%€115,983within the sector's middle half▲ 19.9%
Debt€21,395▲ 71.1%€34,953▲ 63.4%€29,400▼ 15.9%€20,117▼ 31.6%€19,702▼ 2.1%
Working capital€33,251▲ 64.1%€8,490▼ 74.5%€9,839▲ 15.9%€25,009▲ 154%€48,295▲ 93.1%
Solvency63.6%within the sector's middle half▲ 5.6pp61.8%within the sector's middle half▼ 1.7pp64.3%within the sector's middle half▲ 2.5pp79.2%above the sector's middle half▲ 14.9pp83.0%above the sector's middle half▲ 3.8pp
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115,983
Fixed assets
€53,248 ▼ 14.4%
Current assets
€62,736 ▲ 82.0%
Equity and liabilities €115,983
Equity
€96,282 ▲ 25.7%
Debt
€19,702 ▼ 2.1%
Debt's share of the balance-sheet total falls from 20.8% to 17.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,216▼
2024 · €37,189
Cash flow
€32,139▼
2024 · €34,583
Current ratio
4.34▲
2024 · 3.64
Debt to equity
0.20▼
2024 · 0.26
ROE
20.5%▼
2024 · 30.8%
ROA
17.0%▼
2024 · 24.4%
Interest coverage
37.41▲
2024 · 30.86
Debt ≤ 1 year
€14,441▲
2024 · €9,456
Debt > 1 year
€5,086▼
2024 · €10,394
Income taxes
€2,135▲
2024 · €1,401
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% 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 31,324 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 | €1,574 | €2,798 | €11,069 | €10,993 | €12,440 | ▲ 13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €650 | €0 | - | - | - |
| Other operating charges640/8 | €1,327 | €983 | €1,153 | €919 | €607 | ▼ 33.9% |
| Non-recurring operating charges66A | €58 | €0 | €539 | - | - | - |
| Gross operating margin9900 | €27,688 | €28,154 | €11,288 | €38,108 | €35,823 | ▼ 6.0% |
| Operating profit (loss)9901 | €24,730 | €23,722 | -€1,474 | €26,196 | €22,776 | ▼ 13.1% |
| Financial income75/76B | €127 | €154 | €108 | - | - | - |
| Recurring financial income75 | €127 | €154 | €108 | - | - | - |
| Financial charges65/66B | €110 | €2,234 | €1,436 | €1,205 | €941 | ▼ 21.9% |
| Recurring financial charges65 | €110 | €2,234 | €1,436 | €1,205 | €941 | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | €24,746 | €21,642 | -€2,802 | €24,991 | €21,835 | ▼ 12.6% |
| Income taxes67/77 | €4,631 | €2,333 | €863 | €1,401 | €2,135 | ▲ 52.4% |
| Profit (loss) for the period9904 | €20,116 | €19,310 | -€3,665 | €23,591 | €19,700 | ▼ 16.5% |
| Profit (loss) for the period to be appropriated9905 | €20,116 | €19,310 | -€3,665 | €23,591 | €19,700 | ▼ 16.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,742 | €91,610 | €82,392 | €96,699 | €115,983 | ▲ 19.9% |
| Fixed assets21/28 | €8,844 | €72,435 | €62,160 | €62,234 | €53,248 | ▼ 14.4% |
| Tangible fixed assets22/27 | €8,795 | €72,435 | €62,160 | €62,234 | €53,248 | ▼ 14.4% |
| Land and buildings22 | - | €27,097 | €25,983 | €28,183 | €26,931 | ▼ 4.4% |
| Plant, machinery and equipment23 | €832 | €426 | €1,089 | €2,471 | €3,973 | ▲ 60.8% |
| Furniture and vehicles24 | €7,962 | €2,238 | €1,042 | €6,162 | €5,554 | ▼ 9.9% |
| Leasing and similar rights25 | - | €42,674 | €34,046 | €25,418 | €16,790 | ▼ 33.9% |
| Financial fixed assets28 | €50 | €0 | - | - | - | - |
| Current assets29/58 | €49,897 | €19,174 | €20,231 | €34,465 | €62,736 | ▲ 82.0% |
| Amounts receivable within one year40/41 | €33,210 | €10,603 | €13,899 | €18,824 | €21,159 | ▲ 12.4% |
| Trade receivables40 | €31,200 | €6,380 | €12,194 | €16,725 | €18,695 | ▲ 11.8% |
| Other amounts receivable41 | €2,011 | €4,223 | €1,705 | €2,099 | €2,465 | ▲ 17.4% |
| Cash at bank and in hand54/58 | €15,860 | €8,094 | €5,886 | €15,319 | €38,765 | ▲ 153% |
| Deferred charges and accrued income490/1 | €827 | €477 | €447 | €322 | €2,812 | ▲ 774% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,742 | €91,610 | €82,392 | €96,699 | €115,983 | ▲ 19.9% |
| Equity10/15 | €37,346 | €56,656 | €52,991 | €76,582 | €96,282 | ▲ 25.7% |
| Contributions10/11 | €7,445 | €7,445 | €7,445 | €7,445 | €7,445 | = |
| Outside capital11 | €7,445 | €7,445 | - | - | - | - |
| Other1109/19 | €7,445 | €7,445 | - | - | - | - |
| Reserves13 | €39,282 | €58,592 | €56,732 | €69,137 | €88,837 | ▲ 28.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €37,422 | €56,732 | €56,732 | €69,137 | €88,837 | ▲ 28.5% |
| Profit (loss) carried forward14 | -€9,381 | -€9,381 | -€11,185 | - | - | - |
| Amounts payable17/49 | €21,395 | €34,953 | €29,400 | €20,117 | €19,702 | ▼ 2.1% |
| Amounts payable after more than one year17 | - | €20,203 | €15,463 | €10,394 | €5,086 | ▼ 51.1% |
| Financial debts170/4 | - | €20,203 | €15,463 | €10,394 | €5,086 | ▼ 51.1% |
| Amounts payable within one year42/48 | €16,646 | €10,684 | €10,392 | €9,456 | €14,441 | ▲ 52.7% |
| Current portion of amounts payable after more than one year42 | - | €4,722 | €4,841 | €5,069 | €5,308 | ▲ 4.7% |
| Trade debts44 | €5,137 | €912 | €2,500 | €1,627 | €3,464 | ▲ 113% |
| Suppliers440/4 | €5,137 | €912 | €2,500 | €1,627 | €3,464 | ▲ 113% |
| Taxes, remuneration and social security45 | €11,510 | €5,050 | €3,052 | €2,363 | €2,272 | ▼ 3.8% |
| Taxes450/3 | €11,510 | €5,050 | €3,052 | €2,363 | €2,272 | ▼ 3.8% |
| Other amounts payable47/48 | - | - | - | €397 | €3,397 | ▲ 756% |
| Accrued charges and deferred income492/3 | €4,749 | €4,066 | €3,546 | €267 | €175 | ▼ 34.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,116 | €19,310 | -€3,665 | €23,591 | €19,700 | ▼ 16.5% |
| + Depreciation and write-downs630 | €1,574 | €2,798 | €11,069 | €10,993 | €12,440 | ▲ 13.2% |
| Operating cash flow (approximation) | €21,690 | €22,108 | €7,404 | €34,583 | €32,139 | ▼ 7.1% |
| Investment in fixed assets (approximation) | - | -€66,389 | -€794 | -€11,066 | -€3,453 | ▲ 68.8% |
| Change in cash | - | -€7,766 | -€2,208 | €9,433 | €23,446 | ▲ 149% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Back to profitnet €23,591
Net result €23,591 after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€3,665
Net result drops to -€3,665, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €4,597
Net result €4,597 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 2.33
Current ratio from 0.51 to 2.33.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lievegem · 1 establishment unit since 2002
Ground area
1,275 m²
Building footprint
155 m²
Volume, LiDAR
866 m³
Parcel 44057A0260/00X000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ronselestraat(RON) 12, 9932 Lievegem
since 20022.099.129.389
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44057A0260/00X000 | Flanders | 1,275 m² | 1 · 155 m² | 9.0 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 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,230 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
Founded29-07-1989
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437891157
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.