AdVo
ActiveSummary
AdVo has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10,013 and a net result of -€496. Its solvency ranks better than 34% of 15,188 sector peers (NACE 69, financial year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-06-2023 Normal situation
- Activity
- Activities of lawyers NACE 69101
- Establishment unit
- 2.347.596.473 9030 Ghent, since 22-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.9%
- Gross margin
- €13,558
- ▼ 13.5%
- Turnover
- ≈ €79,000
- estimated
- Loss
- €496
- Equity
- €10,013
- ▼ 4.7%
- Total assets
- €23,253
- ▼ 33.4%
- Staff
- ≈ 0.1 FTE
- estimated
- 2025 accounts not filed, 97 days past the deadline
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 16-09-2025)Founded in 20231 financial year not filed after the legal deadline; last filed accounts filed 41 days late; 1 of the last 3 accounts latelowers riskSector: Legal and accounting activities (NACE 69)Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 69, micro). It does better than 40% of them on solvency, 8% on liquidity, 16% on profitability and 28% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2024.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 21 days after the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 5 November 2026.
Annual accounts 2024 filed on 10-09-2025 PDF all 2 filings
Every figure per financial year
The operating result for 2024 is 88% lower than in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 |
|---|---|---|
| Tangible fixed assets | €29,192 | - |
| Depreciation and write-downs of the year | €3,136 | €9,498 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €2,173 awarded · €2,172 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €50 | €147 |
| 2024 | 1 | €2,123 | €2,025 |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €640 | €2,432 | ▲ 280% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,136 | €9,498 | ▲ 203% |
| Other operating charges640/8 | €196 | €277 | ▲ 41.4% |
| Gross operating margin9900 | €15,667 | €13,558 | ▼ 13.5% |
| Operating profit (loss)9901 | €11,695 | €1,351 | ▼ 88.4% |
| Financial income75/76B | €0 | - | - |
| Recurring financial income75 | €0 | - | - |
| Financial charges65/66B | - | €247 | - |
| Recurring financial charges65 | - | €247 | - |
| Profit (loss) for the period before taxes9903 | €11,695 | €1,105 | ▼ 90.6% |
| Income taxes67/77 | €3,686 | €1,600 | ▼ 56.6% |
| Profit (loss) for the period9904 | €8,009 | -€496 | - |
| Profit (loss) for the period to be appropriated9905 | €8,009 | -€496 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €34,893 | €23,253 | ▼ 33.4% |
| Fixed assets21/28 | €26,056 | €16,558 | ▼ 36.5% |
| Tangible fixed assets22/27 | €26,056 | €16,558 | ▼ 36.5% |
| Furniture and vehicles24 | €26,056 | €16,558 | ▼ 36.5% |
| Current assets29/58 | €8,837 | €6,695 | ▼ 24.2% |
| Amounts receivable within one year40/41 | - | €5,184 | - |
| Trade receivables40 | - | €5,184 | - |
| Cash at bank and in hand54/58 | €8,837 | €1,511 | ▼ 82.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €34,893 | €23,253 | ▼ 33.4% |
| Equity10/15 | €10,509 | €10,013 | ▼ 4.7% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Reserves13 | €8,000 | €8,000 | = |
| Distributable reserves133 | €8,000 | €8,000 | = |
| Profit (loss) carried forward14 | €9 | -€487 | - |
| Amounts payable17/49 | €24,384 | €13,240 | ▼ 45.7% |
| Amounts payable within one year42/48 | €24,384 | €13,240 | ▼ 45.7% |
| Trade debts44 | €1,477 | €2,914 | ▲ 97.3% |
| Suppliers440/4 | €1,477 | €2,914 | ▲ 97.3% |
| Taxes, remuneration and social security45 | €11,690 | €8,975 | ▼ 23.2% |
| Taxes450/3 | €7,740 | €8,975 | ▲ 16.0% |
| Remuneration and social security454/9 | €3,950 | - | - |
| Other amounts payable47/48 | €11,217 | €1,351 | ▼ 88.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8,009 | -€496 | - |
| + Depreciation and write-downs630 | €3,136 | €9,498 | ▲ 203% |
| Operating cash flow (approximation) | €11,145 | €9,002 | ▼ 19.2% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€7,326 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,145 companies had the same profile as AdVo has now. Two years later, 91.7% were still going and 2.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AdVo itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,145 companies, not a prediction for AdVo. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- VO Linh 250 shares (100%) · in cash
Capital transactions
- 26-06-2023 Incorporation · €2,500 · 250 shares
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 250 shares
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 26-06-2023 (in Dutch)
Network & group
AdVo shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of AdVo. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
26-06
Gazette deed
IncorporationFounding capital of €2,500, 250 shares · Founder: VO Linh · Appointment: VO Linh (statutory director)4 points ▸
- Founder, VO Linh
- Founding capital, €2,500, 250 shares
- Director appointment, VO Linh (statutory director)
- Registered office clause, Mariakerke, Hooiland 17, 9030 Gent
- The deed holds 6 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
10 activities
- De uitoefening van het beroep van advocaat,in naam en voor haar rekening,hetzij alleen,hetzij met anderen,en alle aanverwante activiteiten die verenigbaar zijn met het statuut van advocaat,zoals het optreden als scheidsrechter,gerechtelijk mandataris,bestuurder,vereffenaar en curator,het uitoefenen van gerechtelijke opdrachten,het geven van cursussen en voordrachten en het publiceren van artikels en boeken,met uitsluiting van iedere handelsactiviteit.
- Het beroep zal uitgeoefend worden bij middel van de organen van de vennootschap en onder toepassing van de reglementering van de Orde van Advocaten en van de Vlaamse Balies.
- Onderhavige statuten zijn ondergeschikt aan deze deontologische regels en richtlijnen en moeten daarmee overeenstemmend worden geïnterpreteerd.
- Haar patrimonium,bestaande uit onroerende en roerende goederen te behouden,in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden.
- De vennootschap zal er zorg voor dragen haar onroerende goederen slechts te vervreemden wanneer deze bouwrijp zijn of wanneer gebiedende omstandigheden haar daartoe dwingen.
- Binnen het kader van haar voorwerp zal de vennootschap mogen overgaan tot het aankopen,opschikken,uitrusten,valoriseren,bouwen,zakelijke rechten verlenen of afsluiten,in huur nemen of verhuren van onroerende goederen,bebouwd of onbebouwd,gemeubeld of onbemeubeld,alsmede alle verrichtingen van onroerende leasing,het beheer van roerende en onroerende goederen.
- De vennootschap handelt voor eigen rekening,in consignatie,in commissie,als tussenpersoon of als vertegenwoordiger.
- De vennootschap mag bij wijze van inbreng,opslorping,fusie,intekening of op enige andere wijze belangen nemen in alle ondernemingen,verenigingen of vennootschappen met een gelijkaardig of aanverwant voorwerp,die de verwezenlijking van haar voorwerp vergemakkelijken.
- De vennootschap mag zich voor deze vennootschappen borg stellen of aval verlenen,voorschotten of krediet toestaan,hypothecaire of andere waarborgen verstrekken.
- De vennootschap mag onroerende goederen houden,oprichten,aankopen en verkopen en dit alles voor eigen rekening,voor zover deze verrichtingen niet vallen onder de gereglementeerde werkzaamheden van vastgoedmakelaar.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44038A0164/00F000 | Flanders | 838 m² | 1 · 174 m² | 6.4 m · 1 |