ADVOGANDA
ActiveSummary
ADVOGANDA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,750 and a net result of €164,465. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 14% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency36▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.15 in 2024; short-term debt: 88.6% and cash: 23.2% of total assets), and 88.7% of the assets are financed with debt.
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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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
11.3%
Return on assets
62.7%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 12788 sector peers (2025).
NBB · sector comparisonPosition among 12788 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
on the day
2022
16 d early
2021
16 d early
2020
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 8 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€29,750▲ 1.6%
2024 · €29,285
Total assets
€262,148▲ 32.5%
2024 · €197,812
Net result
€164,465▲ 47.3%
2024 · €111,632
Working capital
€27,548▲ 7.3%
2024 · €25,678
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€55,208▼ 36.3%€75,012▲ 35.9%€73,601▼ 1.9%€112,289▲ 52.6%€164,581▲ 46.6%
Net result€53,230▼ 34.1%€74,281▲ 39.5%€72,404▼ 2.5%€111,632▲ 54.2%€164,465▲ 47.3%
Equity€28,968▲ 12.5%€29,249▲ 1.0%€29,653▲ 1.4%€29,285▼ 1.2%€29,750▲ 1.6%
Total assets€133,794▲ 0.3%€160,034▲ 19.6%€160,725▲ 0.4%€197,812▲ 23.1%€262,148▲ 32.5%
Debt€104,826▼ 2.6%€130,785▲ 24.8%€131,072▲ 0.2%€168,527▲ 28.6%€232,398▲ 37.9%
Working capital€26,882▲ 21.3%€22,309▼ 17.0%€24,676▲ 10.6%€25,678▲ 4.1%€27,548▲ 7.3%
Staff (FTE)0.5=1▲ 100%1.4▲ 40.0%2▲ 42.9%1.3▼ 35.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 47% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €262,148
Fixed assets
€2,237 ▼ 38.0%
Current assets
€259,911 ▲ 33.8%
Equity and liabilities €262,148
Equity
€29,750 ▲ 1.6%
Debt
€232,398 ▲ 37.9%
Debt's share of the balance-sheet total rises from 85.2% to 88.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€165,951▲
2024 · €113,659
Cash flow
€165,834▲
2024 · €113,002
Current ratio
1.12▼
2024 · 1.15
Debt to equity
7.81▲
2024 · 5.75
ROE
552.8%▲
2024 · 381.2%
ROA
62.7%▲
2024 · 56.4%
Interest coverage
191.99▼
2024 · 524.50
Debt ≤ 1 year
€232,363▲
2024 · €168,527
Income taxes
€800▼
2024 · €1,031
Staff costs
€25,845▼
2024 · €29,374
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 6,703 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €20,330 | €19,653 | €24,046 | €29,374 | €25,845 | ▼ 12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,492 | €1,995 | €1,964 | €1,370 | €1,370 | = |
| Other operating charges640/8 | €998 | €186 | €910 | €890 | €597 | ▼ 32.9% |
| Gross operating margin9900 | €78,027 | €96,845 | €100,522 | €143,924 | €192,393 | ▲ 33.7% |
| Operating profit (loss)9901 | €55,208 | €75,012 | €73,601 | €112,289 | €164,581 | ▲ 46.6% |
| Financial income75/76B | €2 | €141 | €35 | €591 | €1,548 | ▲ 162% |
| Recurring financial income75 | €2 | €141 | €35 | €591 | €1,548 | ▲ 162% |
| Financial charges65/66B | €551 | €226 | €319 | €217 | €864 | ▲ 299% |
| Recurring financial charges65 | €551 | €226 | €319 | €217 | €864 | ▲ 299% |
| Profit (loss) for the period before taxes9903 | €54,659 | €74,927 | €73,318 | €112,663 | €165,264 | ▲ 46.7% |
| Income taxes67/77 | €1,429 | €647 | €914 | €1,031 | €800 | ▼ 22.4% |
| Profit (loss) for the period9904 | €53,230 | €74,281 | €72,404 | €111,632 | €164,465 | ▲ 47.3% |
| Profit (loss) for the period to be appropriated9905 | €53,230 | €74,281 | €72,404 | €111,632 | €164,465 | ▲ 47.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,794 | €160,034 | €160,725 | €197,812 | €262,148 | ▲ 32.5% |
| Fixed assets21/28 | €2,086 | €6,940 | €4,976 | €3,607 | €2,237 | ▼ 38.0% |
| Tangible fixed assets22/27 | €2,086 | €6,940 | €4,976 | €3,607 | €2,237 | ▼ 38.0% |
| Plant, machinery and equipment23 | €2,086 | €6,940 | €4,976 | €3,607 | - | - |
| Furniture and vehicles24 | - | - | - | - | €2,237 | - |
| Current assets29/58 | €131,708 | €153,094 | €155,749 | €194,206 | €259,911 | ▲ 33.8% |
| Amounts receivable within one year40/41 | €51,082 | €42,044 | €50,282 | €86,913 | €44,577 | ▼ 48.7% |
| Trade receivables40 | €51,082 | €42,044 | €47,704 | €86,913 | €43,992 | ▼ 49.4% |
| Other amounts receivable41 | - | - | €2,578 | - | €585 | - |
| Current investments50/53 | - | - | - | - | €153,777 | - |
| Cash at bank and in hand54/58 | €79,501 | €109,979 | €104,344 | €106,789 | €60,800 | ▼ 43.1% |
| Deferred charges and accrued income490/1 | €1,125 | €1,070 | €1,123 | €504 | €757 | ▲ 50.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,794 | €160,034 | €160,725 | €197,812 | €262,148 | ▲ 32.5% |
| Equity10/15 | €28,968 | €29,249 | €29,653 | €29,285 | €29,750 | ▲ 1.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €23,968 | €24,249 | €24,653 | €24,285 | €24,750 | ▲ 1.9% |
| Distributable reserves133 | €23,968 | €24,249 | €24,653 | €24,285 | €24,750 | ▲ 1.9% |
| Amounts payable17/49 | €104,826 | €130,785 | €131,072 | €168,527 | €232,398 | ▲ 37.9% |
| Amounts payable within one year42/48 | €104,826 | €130,785 | €131,072 | €168,527 | €232,363 | ▲ 37.9% |
| Trade debts44 | €16,352 | €17,307 | €19,940 | €30,989 | €58,522 | ▲ 88.8% |
| Suppliers440/4 | €16,352 | €17,307 | €19,940 | €30,989 | €58,522 | ▲ 88.8% |
| Advances received on contracts in progress46 | €28,172 | €28,706 | €34,516 | €14,798 | - | - |
| Taxes, remuneration and social security45 | €10,302 | €10,772 | €4,617 | €10,740 | €9,841 | ▼ 8.4% |
| Taxes450/3 | €7,728 | €8,189 | €162 | €7,174 | €6,610 | ▼ 7.9% |
| Remuneration and social security454/9 | €2,574 | €2,583 | €4,455 | €3,566 | €3,232 | ▼ 9.4% |
| Other amounts payable47/48 | €50,000 | €74,000 | €72,000 | €112,000 | €164,000 | ▲ 46.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €35 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,230 | €74,281 | €72,404 | €111,632 | €164,465 | ▲ 47.3% |
| + Depreciation and write-downs630 | €1,492 | €1,995 | €1,964 | €1,370 | €1,370 | = |
| Operating cash flow (approximation) | €54,721 | €76,275 | €74,368 | €113,002 | €165,834 | ▲ 46.8% |
| Investment in fixed assets (approximation) | - | -€6,849 | €0 | €0 | €0 | - |
| Change in cash | - | €30,478 | -€5,636 | €2,445 | -€45,989 | ▼ 1,981% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2020net €164,465 ▲47.3%
Operating result €164,581, net result €164,465, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €53,230 ▼34.1%
Net result drops to €53,230, the lowest in the series; recovery starts the following year.
17-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Gent · 1 establishment unit since 2019
Ground area
458 m²
Building footprint
195 m²
Volume, LiDAR
2,253 m³
Parcel 44808H0019/00K003, Flanders · tallest building 26.6 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
ADVOGANDA
since 20192.294.050.592
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0019/00K003 | Flanders | 458 m² | 1 · 195 m² | 26.6 m · 5 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 2024 · 3 entries · 569 EUR awarded · 569 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 240 EUR | 240 EUR |
| 2023 | 1 | 226 EUR | 226 EUR |
| 2022 | 1 | 103 EUR | 103 EUR |
Similar companies · same sector, comparable size
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,058. 6,716 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
Founded27-09-2019
Fiscal year end30-09
Activities, NACEBEL 2025
69101Activities of lawyers
Contact
Website
www.advoganda.be
Phone
092699025
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734989388
Also
9925:BE0734989388
Registered
03-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.