ADW MANAGEMENT
ActiveADW MANAGEMENT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €237k and a net result of €26k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 31487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
98
/ 100
Excellent▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▲+17
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 4.06 against 5.27 in 2024), and 21.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
78.2%
Return on assets
8.5%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
1 d early
2023
27 d early
2022
57 d early
2021
87 d early
2020
62 d early
2019
128 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€237k▼ 1.8%
2024 · €242k
2019: €118k
2020: €149k
2021: €230k
2022: €263k
2023: €253k
2024: €242k
2019 → 2025
Total assets
€303k▲ 2.9%
2024 · €295k
2019: €139k
2020: €180k
2021: €267k
2022: €311k
2023: €313k
2024: €295k
2019 → 2025
Net result
€26k▲ 44.7%
2024 · €18k
2019: €29k
2020: €39k
2021: €85k
2022: €59k
2023: €29k
2024: €18k
2019 → 2025
Working capital
€203k▼ 10.9%
2024 · €227k
2019: €110k
2020: €141k
2021: €225k
2022: €245k
2023: €242k
2024: €227k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€230k-€263k▲ 14.4%€253k▼ 3.7%€242k▼ 4.4%€237k▼ 1.8%
Operating result€119k-€83k▼ 30.5%€42k▼ 48.7%€25k▼ 42.0%€38k▲ 54.0%
Net result€85k-€59k▼ 30.4%€29k▼ 50.4%€18k▼ 39.4%€26k▲ 44.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 54% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €303k
Fixed assets
€35k▲ 145%
Current assets
€269k▼ 4.2%
Equity and liabilities €303k
Equity
€237k▼ 1.8%
Debt
€66k▲ 24.2%
The debt ratio rises from 18.1% to 21.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€43k▲
2024 · €29k
Cash flow
€31k▲
2024 · €22k
Solvency
78.2%▼
2024 · 81.9%
Current ratio
4.06▼
2024 · 5.27
Quick ratio
4.06▼
2024 · 5.27
Debt / equity
0.28▲
2024 · 0.22
ROE
10.8%▲
2024 · 7.4%
ROA
8.5%▲
2024 · 6.0%
Interest coverage
68.38▲
2024 · 59.95
Debt
€66k▲
2024 · €53k
Debt ≤ 1 year
€66k▲
2024 · €53k
Income taxes
€13k▲
2024 · €9k
Staff costs
€66k▲
2024 · €64k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€295k€303k▲
Fixed assets21/28€14k€35k▲
Tangible fixed assets22/27€14k€15k▲
Plant, machinery and equipment23€14k€10k▼
Furniture and vehicles24-€5k
Financial fixed assets28€45€20k▲
Current assets29/58€281k€269k▼
Amounts receivable after more than one year29€100k€10k▼
Other amounts receivable291€100k€10k▼
Amounts receivable within one year40/41€36k€18k▼
Trade receivables40€30k€18k▼
Other amounts receivable41€6k-
Cash at bank and in hand54/58€145k€241k▲
Equity and liabilities
Total equity and liabilities10/49€295k€303k▲
Equity10/15€242k€237k▼
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€224k€219k▼
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€222k€217k▼
Profit (loss) carried forward14€12k€12k▲
Amounts payable17/49€53k€66k▲
Amounts payable within one year42/48€53k€66k▲
Trade debts44€488€510▲
Suppliers440/4€488€510▲
Taxes, remuneration and social security45€23k€27k▲
Taxes450/3€8k€17k▲
Remuneration and social security454/9€14k€10k▼
Other amounts payable47/48€30k€39k▲
Income statement
Code20242025
Remuneration, social security and pensions62€64k€66k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€95k€110k▲
Operating profit (loss)9901€25k€38k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€481€627▲
Recurring financial charges65€481€627▲
Profit (loss) for the period before taxes9903€27k€39k▲
Income taxes67/77€9k€13k▲
Profit (loss) for the period9904€18k€26k▲
Profit (loss) for the period to be appropriated9905€18k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€37k▲
Profit (loss) brought forward from the previous period14P€9k€12k▲
Transfer from equity791/2€29k€30k▲
Transfer to equity691/2€15k€25k▲
To other reserves6921€15k€25k▲
Profit to be distributed694/7€29k€30k▲
Return on contributions (dividend)694€29k€30k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €18k ▼39.4%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €85k ▲117%
Operating result €119k, net result €85k, both a record.
30-06
Financial
Equity above €200kEq €230k ▲53.8%
3 profitable years in a row build equity to €230k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
23-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
DWORKIN Alexandre
CurrentAdministrateur non statutaire · since 02-02-2024
02-02-2024
Appointed as Administrateur non statutaire
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tervurenlaan 4021150 Sint-Pieters-WoluweGround area
5,496 m²
Building footprint
702 m²
Volume, LiDAR
6,587 m³
2 parcels, Brussels, Wallonia · tallest building 18.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue des Iris 68, 1341 Ottignies-Louvain-la-Neuve
since 20072.165.176.293
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21682C0142/00A004 | Brussels | 4,483 m² | 1 · 617 m² | 18.7 m · 3 fl. |
| 25016A0192/00R005 | Wallonia | 1,013 m² | 1 · 85 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
6994006EE741NHELZ186
Similar companies · same sector, comparable size
Proove
BE 0473.167.681
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DEPREITERE
BE 0877.161.201
Geraardsbergen · Eq €236k
IBHive
BE 0436.115.958
Herstal · Eq €236k
Etablissement VAN SULL
BE 0421.321.874
Meise · Eq €236k
POLARIS COMPUTERS
BE 0461.143.245
Ukkel · Eq €234k
Of 2,120 companies in sector 46500 we hold annual accounts for 1,400. 1,073 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-07-2007
Fiscal year end30-06
Activities, NACEBEL
46500Wholesale of information and communication equipment
46520Wholesale trade
70200Business and other management consultancy
70220Business consulting
74142
46180Agents specialised in the wholesale of other particular products
46496Wholesale trade
51180
51476
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@adwmanagement.be