ADW@WORK
ActiveSummary
The computed 12-month bankruptcy probability of ADW@WORK is 2.0% (moderate). The 2025 annual accounts show equity of €302,123 and a net result of €63,919. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 74 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.57 against 2.31 in 2024; short-term debt: 16.7% and cash: 37.8% of total assets), and 17.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more 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
82.6%
Return on assets
17.5%
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
35 d early
2023
40 d early
2022
30 d early
2021
37 d early
2020
5 d early
2019
122 d late
← 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 11 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€63,919▲ 7.8%
2024 · €59,315
Working capital
€96,228▲ 20.3%
2024 · €80,019
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 61, Telecommunications, 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€49,889▲ 6.4%€39,956▼ 19.9%€48,080▲ 20.3%€55,214▲ 14.8%€62,103▲ 12.5%
Net result€50,188above the sector's middle half▲ 20.9%€43,934above the sector's middle half▼ 12.5%€49,769within the sector's middle half▲ 13.3%€59,315within the sector's middle half▲ 19.2%€63,919within the sector's middle half▲ 7.8%
Equity€189,103above the sector's middle half▲ 36.1%€217,184above the sector's middle half▲ 14.8%€249,398within the sector's middle half▲ 14.8%€288,204within the sector's middle half▲ 15.6%€302,123within the sector's middle half▲ 4.8%
Total assets€286,604above the sector's middle half▲ 5.4%€348,475above the sector's middle half▲ 21.6%€346,607below the sector's middle half▼ 0.5%€360,517below the sector's middle half▲ 4.0%€365,568below the sector's middle half▲ 1.4%
Debt€97,501▼ 26.7%€131,291▲ 34.7%€97,209▼ 26.0%€72,313▼ 25.6%€63,445▼ 12.3%
Working capital€34,177within the sector's middle half▼ 62.8%€23,525within the sector's middle half▼ 31.2%€38,835within the sector's middle half▲ 65.1%€80,019within the sector's middle half▲ 106%€96,228within the sector's middle half▲ 20.3%
Solvency66.0%within the sector's middle half▲ 14.9pp62.3%within the sector's middle half▼ 3.7pp72.0%above the sector's middle half▲ 9.6pp79.9%above the sector's middle half▲ 8.0pp82.6%above the sector's middle half▲ 2.7pp
Current ratio1.60within the sector's middle half▼ 1.011.28within the sector's middle half▼ 0.331.51within the sector's middle half▲ 0.232.31within the sector's middle half▲ 0.812.57above the sector's middle half▲ 0.26
Return on assets (ROA)17.5%within the sector's middle half▲ 2.2pp12.6%within the sector's middle half▼ 4.9pp14.4%above the sector's middle half▲ 1.8pp16.5%above the sector's middle half▲ 2.1pp17.5%above the sector's middle half▲ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €365,568
Fixed assets
€208,178 ▼ 5.2%
Current assets
€157,391 ▲ 11.7%
Equity and liabilities €365,568
Equity
€302,123 ▲ 4.8%
Debt
€63,445 ▼ 12.3%
Debt's share of the balance-sheet total falls from 20.1% to 17.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73,546▲
2024 · €66,656
Cash flow
€75,362▲
2024 · €70,758
Debt to equity
0.21▼
2024 · 0.25
ROE
21.2%▲
2024 · 20.6%
Interest coverage
213.91▲
2024 · 127.03
Debt ≤ 1 year
€61,163▲
2024 · €60,877
Debt > 1 year
€2,282▼
2024 · €11,435
Income taxes
€22,840▲
2024 · €20,374
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €351 | €8,428 | €11,420 | €11,443 | €11,443 | = |
| Other operating charges640/8 | €937 | €1,885 | €656 | €726 | €695 | ▼ 4.2% |
| Gross operating margin9900 | €51,176 | €50,270 | €60,156 | €67,382 | €74,240 | ▲ 10.2% |
| Operating profit (loss)9901 | €49,889 | €39,956 | €48,080 | €55,214 | €62,103 | ▲ 12.5% |
| Financial income75/76B | €20,037 | €20,361 | €20,000 | €25,000 | €25,000 | = |
| Recurring financial income75 | €20,037 | €20,361 | €20,000 | €25,000 | €25,000 | = |
| Financial charges65/66B | €1,287 | €1,363 | €769 | €525 | €344 | ▼ 34.5% |
| Recurring financial charges65 | €1,287 | €1,363 | €769 | €525 | €344 | ▼ 34.5% |
| Profit (loss) for the period before taxes9903 | €68,638 | €58,954 | €67,310 | €79,689 | €86,759 | ▲ 8.9% |
| Income taxes67/77 | €18,450 | €15,020 | €17,541 | €20,374 | €22,840 | ▲ 12.1% |
| Profit (loss) for the period9904 | €50,188 | €43,934 | €49,769 | €59,315 | €63,919 | ▲ 7.8% |
| Profit (loss) for the period to be appropriated9905 | €50,188 | €43,934 | €49,769 | €59,315 | €63,919 | ▲ 7.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €286,604 | €348,475 | €346,607 | €360,517 | €365,568 | ▲ 1.4% |
| Fixed assets21/28 | €195,644 | €239,562 | €231,063 | €219,620 | €208,178 | ▼ 5.2% |
| Tangible fixed assets22/27 | €642 | €44,560 | €36,061 | €24,618 | €13,175 | ▼ 46.5% |
| Furniture and vehicles24 | €642 | €44,560 | €36,061 | €24,618 | €13,175 | ▼ 46.5% |
| Financial fixed assets28 | €195,003 | €195,003 | €195,003 | €195,003 | €195,003 | = |
| Current assets29/58 | €90,960 | €108,912 | €115,544 | €140,897 | €157,391 | ▲ 11.7% |
| Amounts receivable within one year40/41 | €13,471 | €13,976 | €15,327 | €16,330 | €16,825 | ▲ 3.0% |
| Trade receivables40 | €13,471 | €13,976 | €15,327 | €16,330 | €16,825 | ▲ 3.0% |
| Current investments50/53 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Cash at bank and in hand54/58 | €75,141 | €92,595 | €97,866 | €122,204 | €138,183 | ▲ 13.1% |
| Deferred charges and accrued income490/1 | €847 | €842 | €851 | €862 | €882 | ▲ 2.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €286,604 | €348,475 | €346,607 | €360,517 | €365,568 | ▲ 1.4% |
| Equity10/15 | €189,103 | €217,184 | €249,398 | €288,204 | €302,123 | ▲ 4.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €170,511 | €198,592 | €230,806 | €269,612 | €283,531 | ▲ 5.2% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €168,652 | €196,732 | €230,806 | €269,612 | €283,531 | ▲ 5.2% |
| Amounts payable17/49 | €97,501 | €131,291 | €97,209 | €72,313 | €63,445 | ▼ 12.3% |
| Amounts payable after more than one year17 | €40,718 | €45,904 | €20,500 | €11,435 | €2,282 | ▼ 80.0% |
| Financial debts170/4 | €40,718 | €45,904 | €20,500 | €11,435 | €2,282 | ▼ 80.0% |
| Amounts payable within one year42/48 | €56,783 | €85,388 | €76,709 | €60,877 | €61,163 | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | €37,605 | €35,579 | €25,404 | €9,065 | €9,153 | ▲ 1.0% |
| Trade debts44 | €629 | €11,507 | €1,162 | €370 | €57 | ▼ 84.6% |
| Suppliers440/4 | €629 | €11,507 | €1,162 | €370 | €57 | ▼ 84.6% |
| Taxes, remuneration and social security45 | €18,125 | €31,614 | €40,267 | €40,677 | €34,401 | ▼ 15.4% |
| Taxes450/3 | €18,125 | €31,614 | €40,267 | €40,677 | €34,401 | ▼ 15.4% |
| Other amounts payable47/48 | €425 | €6,688 | €9,877 | €10,766 | €17,552 | ▲ 63.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,188 | €43,934 | €49,769 | €59,315 | €63,919 | ▲ 7.8% |
| + Depreciation and write-downs630 | €351 | €8,428 | €11,420 | €11,443 | €11,443 | = |
| Operating cash flow (approximation) | €50,539 | €52,362 | €61,190 | €70,758 | €75,362 | ▲ 6.5% |
| Investment in fixed assets (approximation) | - | -€52,346 | -€2,921 | €0 | €0 | - |
| Change in cash | - | €17,454 | €5,271 | €24,338 | €15,979 | ▼ 34.3% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €63,919 ▲7.8%
Operating result €62,103, net result €63,919, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €217,184 ▲14.8%
5 profitable years in a row build equity to €217,184.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €189,103 ▲36.1%
4 profitable years in a row build equity to €189,103.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €138,915 ▲42.6%
3 profitable years in a row build equity to €138,915.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
04-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 35 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Jette · 2 establishment units since 2000
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.
Burgemeester Etienne Demunterl. 51090 JetteGround area
757 m²
Building footprint
109 m²
Volume, LiDAR
592 m³
Parcel 23016A0050/00F005, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ADW@WORK
since 20002.096.516.923
ADW@WORK
since 20102.353.526.638
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016A0050/00F005 | Flanders | 757 m² | 1 · 109 m² | 8.3 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 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
20%
According to the 2025 annual accounts of ADW@WORK 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.
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Of 1,372 companies in sector 61100 we hold annual accounts for 590. 380 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
Founded22-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471485920
Also
9925:BE0471485920
Registered
06-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.