ADwork
ActiveSummary
ADwork has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of €107,061. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 1918 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-27
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250,000 at 30 days acceptable
Liquidity ample (current ratio 73.95 against 4.82 in 2024; short-term debt: 1.2% and cash: 7% of total assets), and 4.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← 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
95.4%
Return on assets
3.3%
Age of the figures
12 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.1m
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 11-03-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
57 d early
2023
140 d early
2022
30 d early
2021
2 d early
2020
on the day
2019
1 d early
← 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 40 days before the deadline; the sector median for financial year 2024 is 10 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. Usually files around 11 March (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 company by equity in Schilde, Telecoms and IT sector#5 company by total assets in Schilde, Telecoms and IT sector
Equity
€3.1m▲ 425%
2024 · €583,179
Total assets
€3.2m▲ 304%
2024 · €793,558
Net result
€107,061▼ 59.0%
2024 · €260,844
Working capital
€2.7m▲ 605%
2024 · €388,121
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€142,676€175,016▲ 22.7%€291,870▲ 66.8%€377,403▲ 29.3%€148,644▼ 60.6%
Net result€105,853above the sector's middle half€116,544above the sector's middle half▲ 10.1%€209,691above the sector's middle half▲ 79.9%€260,844above the sector's middle half▲ 24.4%€107,061above the sector's middle half▼ 59.0%
Equity€104,554within the sector's middle half€135,144within the sector's middle half▲ 29.3%€322,335above the sector's middle half▲ 139%€583,179above the sector's middle half▲ 80.9%€3.1mabove the sector's middle half▲ 425%
Total assets€142,628within the sector's middle half▲ 340,625%€350,858above the sector's middle half▲ 146%€453,488above the sector's middle half▲ 29.3%€793,558above the sector's middle half▲ 75.0%€3.2mabove the sector's middle half▲ 304%
Debt€38,074▲ 2,738%€215,713▲ 467%€131,153▼ 39.2%€210,379▲ 60.4%€146,318▼ 30.5%
Working capital€104,554within the sector's middle half€135,144above the sector's middle half▲ 29.3%€176,985above the sector's middle half▲ 31.0%€388,121above the sector's middle half▲ 119%€2.7mabove the sector's middle half▲ 605%
Solvency73.3%within the sector's middle half38.5%within the sector's middle half▼ 34.8pp71.1%within the sector's middle half▲ 32.6pp73.5%within the sector's middle half▲ 2.4pp95.4%above the sector's middle half▲ 21.9pp
Current ratio3.75within the sector's middle half1.63within the sector's middle half▼ 2.122.35within the sector's middle half▲ 0.724.82within the sector's middle half▲ 2.4773.95above the sector's middle half▲ 69.13
Return on assets (ROA)74.2%above the sector's middle half33.2%above the sector's middle half▼ 41.0pp46.2%above the sector's middle half▲ 13.0pp32.9%above the sector's middle half▼ 13.4pp3.3%within the sector's middle half▼ 29.5pp
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€432,238 ▲ 42.2%
Current assets
€2.8m ▲ 466%
Equity and liabilities €3.2m
Equity
€3.1m ▲ 425%
Debt
€146,318 ▼ 30.5%
Debt's share of the balance-sheet total falls from 26.5% to 4.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€198,238▼
2024 · €417,193
Cash flow
€156,655▼
2024 · €300,634
Debt to equity
0.05▼
2024 · 0.36
ROE
3.5%▼
2024 · 44.7%
Interest coverage
30.96▼
2024 · 74.79
Debt ≤ 1 year
€37,504▼
2024 · €101,564
Debt > 1 year
€108,815=
2024 · €108,815
Income taxes
€45,489▼
2024 · €116,399
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 6,048 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €20,804 | €39,790 | €49,594 | ▲ 24.6% |
| Other operating charges640/8 | €420 | €693 | €459 | €1,685 | €3,525 | ▲ 109% |
| Gross operating margin9900 | €143,096 | €175,709 | €313,133 | €418,878 | €201,763 | ▼ 51.8% |
| Operating profit (loss)9901 | €142,676 | €175,016 | €291,870 | €377,403 | €148,644 | ▼ 60.6% |
| Financial income75/76B | - | - | - | €5,418 | €43,060 | ▲ 695% |
| Recurring financial income75 | - | - | - | €5,418 | €43,060 | ▲ 695% |
| Financial charges65/66B | €30 | €40 | €191 | €5,579 | €39,153 | ▲ 602% |
| Recurring financial charges65 | €30 | €40 | €191 | €5,579 | €6,403 | ▲ 14.8% |
| Non-recurring financial charges66B | - | - | - | - | €32,750 | - |
| Profit (loss) for the period before taxes9903 | €142,646 | €174,975 | €291,679 | €377,243 | €152,550 | ▼ 59.6% |
| Income taxes67/77 | €36,793 | €58,431 | €81,988 | €116,399 | €45,489 | ▼ 60.9% |
| Profit (loss) for the period9904 | €105,853 | €116,544 | €209,691 | €260,844 | €107,061 | ▼ 59.0% |
| Profit (loss) for the period to be appropriated9905 | €105,853 | €116,544 | €209,691 | €260,844 | €107,061 | ▼ 59.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €142,628 | €350,858 | €453,488 | €793,558 | €3.2m | ▲ 304% |
| Fixed assets21/28 | - | - | €145,350 | €303,873 | €432,238 | ▲ 42.2% |
| Tangible fixed assets22/27 | - | - | €145,350 | €303,873 | €432,238 | ▲ 42.2% |
| Furniture and vehicles24 | - | - | €140,395 | €111,172 | €78,215 | ▼ 29.6% |
| Other tangible fixed assets26 | - | - | €4,955 | €192,701 | €354,023 | ▲ 83.7% |
| Current assets29/58 | €142,628 | €350,858 | €308,138 | €489,685 | €2.8m | ▲ 466% |
| Amounts receivable after more than one year29 | - | - | - | - | €1.0m | - |
| Other amounts receivable291 | - | - | - | - | €1.0m | - |
| Amounts receivable within one year40/41 | €20,564 | €156,507 | €90,879 | €87,377 | €42,735 | ▼ 51.1% |
| Trade receivables40 | €530 | €156,507 | €90,879 | €55,457 | €42,315 | ▼ 23.7% |
| Other amounts receivable41 | €20,033 | - | - | €31,919 | €420 | ▼ 98.7% |
| Current investments50/53 | €10,000 | - | €100,000 | €201,117 | €1.5m | ▲ 646% |
| Cash at bank and in hand54/58 | €112,064 | €194,350 | €115,834 | €200,234 | €224,589 | ▲ 12.2% |
| Deferred charges and accrued income490/1 | - | - | €1,425 | €956 | €1,188 | ▲ 24.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €142,628 | €350,858 | €453,488 | €793,558 | €3.2m | ▲ 304% |
| Equity10/15 | €104,554 | €135,144 | €322,335 | €583,179 | €3.1m | ▲ 425% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €20,528 | ▲ 10.4% |
| Reserves13 | - | €116,544 | €303,735 | €564,579 | €3.0m | ▲ 438% |
| Tax-exempt reserves132 | - | - | - | - | €360,391 | - |
| Distributable reserves133 | - | €116,544 | €303,735 | €564,579 | €2.7m | ▲ 374% |
| Profit (loss) carried forward14 | €85,954 | - | - | - | - | - |
| Amounts payable17/49 | €38,074 | €215,713 | €131,153 | €210,379 | €146,318 | ▼ 30.5% |
| Amounts payable after more than one year17 | - | - | - | €108,815 | €108,815 | = |
| Financial debts170/4 | - | - | - | €108,815 | €108,815 | = |
| Amounts payable within one year42/48 | €38,074 | €215,713 | €131,153 | €101,564 | €37,504 | ▼ 63.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,557 | - | - |
| Trade debts44 | €1,231 | €2,846 | €5,911 | €3,617 | €10,867 | ▲ 200% |
| Suppliers440/4 | €1,231 | €2,846 | €5,911 | €3,617 | €10,867 | ▲ 200% |
| Advances received on contracts in progress46 | - | €85,500 | - | - | - | - |
| Taxes, remuneration and social security45 | €36,843 | €84,260 | €45,417 | €76,141 | €25,944 | ▼ 65.9% |
| Taxes450/3 | €36,843 | €84,260 | €45,417 | €76,141 | €25,944 | ▼ 65.9% |
| Other amounts payable47/48 | - | €43,108 | €79,825 | €250 | €692 | ▲ 177% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105,853 | €116,544 | €209,691 | €260,844 | €107,061 | ▼ 59.0% |
| + Depreciation and write-downs630 | - | - | €20,804 | €39,790 | €49,594 | ▲ 24.6% |
| Operating cash flow (approximation) | €105,853 | €116,544 | €230,495 | €300,634 | €156,655 | ▼ 47.9% |
| Investment in fixed assets (approximation) | - | - | - | -€198,313 | -€177,959 | ▲ 10.3% |
| Change in cash | - | €82,287 | -€78,516 | €84,400 | €24,355 | ▼ 71.1% |
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
15-05
State Gazette act
General meeting · Board meeting
Shareholding · Other statement
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity times 15current ratio 73.95
Current ratio from 4.82 to 73.95; short-term debt falls from €101,564 to €37,504.
30-09
Financial
Equity above €2mEq €3.1m ▲425%
5 profitable years in a row build equity to €3.1m.
04-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €260,844 ▲24.4%
Operating result €377,403, net result €260,844, both a record.
30-09
Financial
Liquidity doublescurrent ratio 4.82
Current ratio from 2.35 to 4.82; short-term debt falls from €131,153 to €101,564.
30-09
Financial
Equity above €500,000Eq €583,179 ▲80.9%
4 profitable years in a row build equity to €583,179.
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Equity above €200,000Eq €322,335 ▲139%
3 profitable years in a row build equity to €322,335.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2021
30-09
Financial
Back to profitnet €105,853
Net result €105,853 after 3 loss-making years.
30-09
Financial
Liquidity times 120current ratio 3.75
Current ratio from 0.03 to 3.75.
30-09
Financial
Equity above €100,000Eq €104,554
Equity rises from -€1,300 to €104,554.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Schilde · 1 establishment unit since 2006
Ground area
408 m²
Building footprint
441 m²
Volume, LiDAR
1,812 m³
Parcel 11039A0185/00N025, Flanders · tallest building 13.9 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Adwork
since 20062.188.682.165
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039A0185/00N025 | Flanders | 408 m² | 1 · 440 m² | 13.8 m · 1 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
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
254900HAUIRG6KOMEN94
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Of 3,148 companies in sector 63920 we hold annual accounts for 1,525. 294 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
Founded15-12-2006
Fiscal year end30-09
Activities, NACEBEL 2025
63920Other information service activities
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885696706
Also
9925:BE0885696706
Registered
30-08-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.