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ADVY

Active
Public limited companyfounded 199036 yrs activeArisdonk 143, 9950 Lievegem, BelgiumKBO/BCE: BE 0440.917.656
Summary

ADVY has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €384,962 and a net result of -€38,679. Equity is shrinking by ~6.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability20▼-50
Solvency85▲+9
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.9 in 2024; short-term debt: 37.2% and cash: 32.6% of total assets), and 40.3% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 d early
2024
114 d early
2023
28 d early
2022
30 d early
2021
36 d early
2020
32 d early
2019
28 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 41 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 12 June 1990, ADVY was incorporated.1 Total assets went from EUR 1.1 million in 2018 to EUR 644,902 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€384,962▼ 9.1%
2024 · €423,641
Total assets
€644,902▼ 22.4%
2024 · €831,331
Net result
-€38,679
2024 · €10,268
Working capital
-€25,895▲ 34.9%
2024 · -€39,784
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-€46,493▼ 77.1%-€15,418▲ 66.8%-€31,562▼ 105%€7,936-€18,692
Net result-€53,514▼ 65.6%-€22,251▲ 58.4%-€38,467▼ 72.9%€10,268-€38,679
Equity€584,626▼ 8.4%€562,375▼ 3.8%€523,907▼ 6.8%€423,641▼ 19.1%€384,962▼ 9.1%
Total assets€1.0m▼ 7.3%€929,441▼ 7.5%€859,021▼ 7.6%€831,331▼ 3.2%€644,902▼ 22.4%
Debt€419,749▼ 5.7%€367,067▼ 12.6%€335,113▼ 8.7%€407,689▲ 21.7%€259,939▼ 36.2%
Working capital€85,636▼ 60.4%€46,891▼ 45.2%€16,887▼ 64.0%-€39,784-€25,895▲ 34.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0€20,000Operating result 2021: -€46,493-€46,493Net result 2021: -€53,514-€53,514Operating result 2022: -€15,418-€15,418Net result 2022: -€22,251-€22,251Operating result 2023: -€31,562-€31,562Net result 2023: -€38,467-€38,467Operating result 2024: €7,936€7,936Net result 2024: €10,268€10,268Operating result 2025: -€18,692-€18,692Net result 2025: -€38,679-€38,67920212022202320242025-€40,000-€20,000€0€20,000Operating result 2023: -€31,562-€31,600Net result 2023: -€38,467-€38,500Operating result 2024: €7,936€7,940Net result 2024: €10,268€10,300Operating result 2025: -€18,692-€18,700Net result 2025: -€38,679-€38,700202320242025
The operating result turns negative in 2025: a loss of €18,692 after €7,936 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €644,902
Fixed assets €430,952 ▼ 8.7%
Current assets €213,950 ▼ 40.5%
Equity and liabilities €644,902
Equity €384,962 ▼ 9.1%
Debt €259,939 ▼ 36.2%
Debt's share of the balance-sheet total falls from 49.0% to 40.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€22,181▼
2024 · €49,736
Cash flow
€2,194▼
2024 · €52,067
Current ratio
0.89▼
2024 · 0.90
Debt to equity
0.68▼
2024 · 0.96
ROE
-10.0%▼
2024 · 2.4%
ROA
-6.0%▼
2024 · 1.2%
Interest coverage
1.09▼
2024 · 6.59
Debt ≤ 1 year
€239,845▼
2024 · €399,290
Income taxes
€560▼
2024 · €692
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 8,616 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€831,331€644,902▼
Fixed assets21/28€471,825€430,952▼
Tangible fixed assets22/27€362,424€321,551▼
Land and buildings22€362,424€321,551▼
Financial fixed assets28€109,401€109,401=
Current assets29/58€359,506€213,950▼
Amounts receivable within one year40/41€9,692€0▼
Other amounts receivable41€9,692€0▼
Current investments50/53€300,000€0▼
Cash at bank and in hand54/58€42,752€210,269▲
Deferred charges and accrued income490/1€7,061€3,681▼
Equity and liabilities
Total equity and liabilities10/49€831,331€644,902▼
Equity10/15€423,641€384,962▼
Contributions10/11€400,000€400,000=
Capital10€400,000€400,000=
Issued capital100€400,000€400,000=
Reserves13€23,641€23,641=
Non-distributable reserves130/1€23,641€23,641=
Legal reserve130€23,641€23,641=
Distributable reserves133€0-
Profit (loss) carried forward14€0-€38,679▼
Amounts payable17/49€407,689€259,939▼
Amounts payable within one year42/48€399,290€239,845▼
Trade debts44€2,260€3,013▲
Suppliers440/4€2,260€3,013▲
Taxes, remuneration and social security45€0€278▲
Taxes450/3€0€278▲
Other amounts payable47/48€397,030€236,553▼
Accrued charges and deferred income492/3€8,399€20,095▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41,799€40,873▼
Other operating charges640/8€9,687€16,873▲
Gross operating margin9900€59,422€39,054▼
Operating profit (loss)9901€7,936-€18,692▼
Financial income75/76B€10,570€942▼
Recurring financial income75€10,570€942▼
Financial charges65/66B€7,546€20,369▲
Recurring financial charges65€7,546€20,369▲
Profit (loss) for the period before taxes9903€10,960-€38,119▼
Income taxes67/77€692€560▼
Profit (loss) for the period9904€10,268-€38,679▼
Profit (loss) for the period to be appropriated9905€10,268-€38,679▼
Appropriation of the result
Profit (loss) to be appropriated9906€10,268-€38,679▼
Transfer from equity791/2€100,779€0▼
Transfer to equity691/2€513€0▼
To the legal reserve6920€513€0▼
Profit to be distributed694/7€110,534€0▼
Return on contributions (dividend)694€110,534€0▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37,456€45,924€54,787€41,799€40,873▼ 2.2%
Other operating charges640/8-€8,032€8,785€9,687€16,873▲ 74.2%
Gross operating margin9900-€1,877€38,538€32,011€59,422€39,054▼ 34.3%
Operating profit (loss)9901-€46,493-€15,418-€31,562€7,936-€18,692▼ 336%
Financial income75/76B-€67€889€10,570€942▼ 91.1%
Recurring financial income75€36€67€889€10,570€942▼ 91.1%
Financial charges65/66B-€6,293€6,936€7,546€20,369▲ 170%
Recurring financial charges65€6,450€6,293€6,936€7,546€20,369▲ 170%
Profit (loss) for the period before taxes9903-€52,906-€21,644-€37,608€10,960-€38,119▼ 448%
Income taxes67/77€609€607€859€692€560▼ 19.0%
Profit (loss) for the period9904-€53,514-€22,251-€38,467€10,268-€38,679▼ 477%
Profit (loss) for the period to be appropriated9905-€53,514-€22,251-€38,467€10,268-€38,679▼ 477%
Line20212022202320242025Change
Assets
Total assets20/58€1.0m€929,441€859,021€831,331€644,902▼ 22.4%
Fixed assets21/28€506,303€521,288€513,624€471,825€430,952▼ 8.7%
Tangible fixed assets22/27€396,902€411,887€404,223€362,424€321,551▼ 11.3%
Land and buildings22-€403,394€404,223€362,424€321,551▼ 11.3%
Furniture and vehicles24-€8,493€0---
Financial fixed assets28€109,401€109,401€109,401€109,401€109,401=
Current assets29/58€498,071€408,153€345,397€359,506€213,950▼ 40.5%
Amounts receivable within one year40/41-€810€0€9,692€0▼ 100%
Trade receivables40-€810€0---
Other amounts receivable41---€9,692€0▼ 100%
Current investments50/53--€325,000€300,000€0▼ 100%
Cash at bank and in hand54/58€495,628€404,685€17,486€42,752€210,269▲ 392%
Deferred charges and accrued income490/1-€2,658€2,911€7,061€3,681▼ 47.9%
Equity and liabilities
Total equity and liabilities10/49€1.0m€929,441€859,021€831,331€644,902▼ 22.4%
Equity10/15€584,626€562,375€523,907€423,641€384,962▼ 9.1%
Contributions10/11€400,000€400,000€400,000€400,000€400,000=
Capital10-€400,000€400,000€400,000€400,000=
Issued capital100-€400,000€400,000€400,000€400,000=
Reserves13€184,626€162,375€123,907€23,641€23,641=
Non-distributable reserves130/1-€23,128€23,128€23,641€23,641=
Legal reserve130-€23,128€23,128€23,641€23,641=
Distributable reserves133-€139,247€100,779€0--
Profit (loss) carried forward14---€0-€38,679-
Amounts payable17/49€419,749€367,067€335,113€407,689€259,939▼ 36.2%
Amounts payable within one year42/48€412,435€361,262€328,510€399,290€239,845▼ 39.9%
Trade debts44€28€1,380€1,827€2,260€3,013▲ 33.3%
Suppliers440/4-€1,380€1,827€2,260€3,013▲ 33.3%
Taxes, remuneration and social security45-€1,380€620€0€278-
Taxes450/3-€1,380€620€0€278-
Other amounts payable47/48-€358,502€326,063€397,030€236,553▼ 40.4%
Accrued charges and deferred income492/3-€5,805€6,604€8,399€20,095▲ 139%
Line20212022202320242025Change
Profit (loss) for the period9904-€53,514-€22,251-€38,467€10,268-€38,679▼ 477%
+ Depreciation and write-downs630€37,456€45,924€54,787€41,799€40,873▼ 2.2%
Operating cash flow (approximation)-€16,058€23,673€16,320€52,067€2,194▼ 95.8%
Investment in fixed assets (approximation)--€60,909-€47,123€0€0-
Change in cash--€90,943-€387,200€25,267€167,516▲ 563%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
08-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
06-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial Back to profitnet €10,268
Net result €10,268 after 4 loss-making years.
02-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
25-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial Weakest financial yearnet -€53,514
Net result drops to -€53,514, the lowest in the series; recovery starts the following year.
29-03
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
02-04
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial Back to profitnet €43,523
Net result €43,523 after one loss-making year.
30-09
Financial Liquidity doublescurrent ratio 1.72
Current ratio from 0.70 to 1.72; short-term debt falls from €450,065 to €431,261.
03-04
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
11-01
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 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
7 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 1990
seat establishment The establishment unit on the map
Ground area
3,386 m²
Building footprint
433 m²
Volume, LiDAR
2,021 m³
Parcel 44072C0463/00B000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
ADVY CommV
Arisdonk 143, 9950 LievegemNACE 65231
since 19902.048.913.578
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44072C0463/00B000 Flanders 3,386 m² 1 · 432 m² 10.9 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 30-09-2025 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 30-09-2025 of ADVY and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded12-06-1990
Fiscal year end30-09
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

General meetings

2 convocations
Ordinary general meeting
on 30-05-2009 at 18u · published 07-05-2009
Agenda
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC1900963/07.05) (17690) CVBA ″ALGEMENE CHRISTENE COOPERATIEVE″, Markt 26, 8790 Waregem Ondernemingsnummer 0405.386.358 - RPR Kortrijk De aandeelhouders worden verzocht de algemene vergadering bij te wonen die zal gehouden worden te Waregem, Markt 26, zaal Rerum Novarum – CM-gebouw, op 30 mei 2009, om 18 u. 30 m., met agenda : 1. jaarverslag van de activiteiten in het werkjaar 2008; 2. goedkeuring van de jaarrekening; 3. verlenen van kwijting aan de bestuurders; 4. verwerking van het resultaat.
Extraordinary general meeting
on 26-05-2008 at 15u · published 07-05-2008
Agenda
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC1803973/06.05) (16815) AGM INVEST, société anonyme, rue Emile Urbain 174, 7100 SAINT-VAAST Numéro d’entreprise 0414.077.162 Le quorum n’ayant pas été réuni lors de l’assemblée générale ordinaire du 03/05/2008, une seconde assemblée générale ordinaire se réunira au siège social, le 22/05/2008, à 12 heures. Ordre du jour : Rapport de gestion du conseil d’administration. Approbation des comptes annuels. Affectation des résultats. Décharge aux administra- teurs. Divers. (AOPC-1-8-02179/06.05) (16816) ALGEMENE BOUWONDERNEMING DEBLAERE, naamloze vennootschap, Rozendalestraat 47, 8750 WINGENE Onderneming ...