C-AD
ActiveSummary
C-AD has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €2k and a net result of €37k. Equity is shrinking by ~30.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 15% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency36▲+36
Growth58▲+26
Track record86
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 15%
← weakest
strongest →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
24 d early
2024
36 d early
2023
22 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k
2024 · €-35k
2023: €6khighest in 3 years
2024: €-35k▼ -655% vs 2023lowest in 3 years
2025: €2k▲ +107% vs 2024
2023 → 2025
Total assets
€22k▼ 8.2%
2024 · €24k
2023: €78khighest in 3 years
2024: €24k▼ -69.1% vs 2023
2025: €22k▼ -8.2% vs 2024lowest in 3 years
2023 → 2025
Net result
€37k
2024 · €-41k
2023: €1k
2024: €-41k▼ -3388% vs 2023lowest in 3 years
2025: €37k▲ +191% vs 2024highest in 3 years
2023 → 2025
Working capital
€7k
2024 · €-32k
2023: €6k
2024: €-32k▼ -624% vs 2023lowest in 3 years
2025: €7k▲ +122% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line202320242025Trend
Equity€6k-€-35k€2k
2023: €6khighest in 3 years
2024: €-35k▼ -655% vs 2023lowest in 3 years
2025: €2k▲ +107% vs 2024
Operating result€16k-€-36k€39k
2023: €16k
2024: €-36k▼ -320% vs 2023lowest in 3 years
2025: €39k▲ +209% vs 2024highest in 3 years
Net result€1k-€-41k€37k
2023: €1k
2024: €-41k▼ -3388% vs 2023lowest in 3 years
2025: €37k▲ +191% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €39k after a loss of €36k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22k
Fixed assets
€8k ▼ 47.9%
Current assets
€14k ▲ 61.6%
Equity and liabilities €22k
Equity
€2k
Debt
€20k
Debt finances 89.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€45k▲
2024 · €-27k
Cash flow
€44k▲
2024 · €-32k
Current ratio
1.92▲
2024 · 0.22
Debt to equity
8.36▲
2024 · -1.70
ROA
166.2%▲
2024 · -168.6%
Interest coverage
26.00▲
2024 · -5.08
Debt ≤ 1 year
€7k▼
2024 · €40k
Debt > 1 year
€12k▼
2024 · €18k
Income taxes
€104▼
2024 · €508
Staff costs
€-8▼
2024 · €68k
A ratio outside any meaningful range has been withheld (balance sheet total €22k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24k€22k▼
Fixed assets21/28€15k€8k▼
Tangible fixed assets22/27€15k€8k▼
Furniture and vehicles24€15k€8k▼
Financial fixed assets28€200€200=
Current assets29/58€9k€14k▲
Amounts receivable within one year40/41€526€9k▲
Other amounts receivable41€526€9k▲
Cash at bank and in hand54/58€8k€6k▼
Deferred charges and accrued income490/1€67-
Equity and liabilities
Total equity and liabilities10/49€24k€22k▼
Equity10/15€-35k€2k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-40k€-3k▲
Amounts payable17/49€59k€20k▼
Amounts payable after more than one year17€18k€12k▼
Financial debts170/4€18k€12k▼
Amounts payable within one year42/48€40k€7k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€3k€121▼
Suppliers440/4€3k€121▼
Taxes, remuneration and social security45€31k€1k▼
Taxes450/3€31k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€4k-
Remuneration, social security and pensions62€68k€-8▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Other operating charges640/8€2k€367▼
Non-recurring operating charges66A-€830
Gross operating margin9900€44k€47k▲
Operating profit (loss)9901€-36k€39k▲
Financial income75/76B€679€0▼
Recurring financial income75€679€0▼
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€-40k€37k▲
Income taxes67/77€508€104▼
Profit (loss) for the period9904€-41k€37k▲
Profit (loss) for the period to be appropriated9905€-41k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-3k▲
Profit (loss) brought forward from the previous period14P-€-40k
Transfer from equity791/2€1k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | - | - |
| Remuneration, social security and pensions62 | €63k | €68k | €-8 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €7k | ▼ 27.6% |
| Other operating charges640/8 | €6k | €2k | €367 | ▼ 84.3% |
| Non-recurring operating charges66A | - | - | €830 | - |
| Gross operating margin9900 | €94k | €44k | €47k | ▲ 5.8% |
| Operating profit (loss)9901 | €16k | €-36k | €39k | ▲ 209% |
| Financial income75/76B | €187 | €679 | €0 | ▼ 100.0% |
| Recurring financial income75 | €187 | €679 | €0 | ▼ 100.0% |
| Financial charges65/66B | €5k | €5k | €2k | ▼ 66.8% |
| Recurring financial charges65 | €5k | €5k | €2k | ▼ 66.8% |
| Profit (loss) for the period before taxes9903 | €11k | €-40k | €37k | ▲ 192% |
| Income taxes67/77 | €10k | €508 | €104 | ▼ 79.6% |
| Profit (loss) for the period9904 | €1k | €-41k | €37k | ▲ 191% |
| Profit (loss) for the period to be appropriated9905 | €1k | €-41k | €37k | ▲ 191% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €78k | €24k | €22k | ▼ 8.2% |
| Fixed assets21/28 | €25k | €15k | €8k | ▼ 47.9% |
| Tangible fixed assets22/27 | €24k | €15k | €8k | ▼ 48.5% |
| Furniture and vehicles24 | €24k | €15k | €8k | ▼ 48.5% |
| Financial fixed assets28 | €200 | €200 | €200 | = |
| Current assets29/58 | €54k | €9k | €14k | ▲ 61.6% |
| Amounts receivable within one year40/41 | €32k | €526 | €9k | ▲ 1,542% |
| Trade receivables40 | €32k | - | - | - |
| Other amounts receivable41 | - | €526 | €9k | ▲ 1,542% |
| Cash at bank and in hand54/58 | €20k | €8k | €6k | ▼ 32.0% |
| Deferred charges and accrued income490/1 | €2k | €67 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €78k | €24k | €22k | ▼ 8.2% |
| Equity10/15 | €6k | €-35k | €2k | ▲ 107% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | €1k | - | - | - |
| Distributable reserves133 | €1k | - | - | - |
| Profit (loss) carried forward14 | - | €-40k | €-3k | ▲ 93.4% |
| Amounts payable17/49 | €72k | €59k | €20k | ▼ 66.2% |
| Amounts payable after more than one year17 | €24k | €18k | €12k | ▼ 32.5% |
| Financial debts170/4 | €24k | €18k | €12k | ▼ 32.5% |
| Amounts payable within one year42/48 | €48k | €40k | €7k | ▼ 81.6% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €6k | ▲ 2.6% |
| Trade debts44 | €8k | €3k | €121 | ▼ 96.1% |
| Suppliers440/4 | €8k | €3k | €121 | ▼ 96.1% |
| Taxes, remuneration and social security45 | €25k | €31k | €1k | ▼ 95.8% |
| Taxes450/3 | €19k | €31k | €1k | ▼ 95.8% |
| Remuneration and social security454/9 | €6k | - | - | - |
| Other amounts payable47/48 | €10k | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €-41k | €37k | ▲ 191% |
| + Depreciation and write-downs630 | €9k | €9k | €7k | ▼ 27.6% |
| Operating cash flow (approximation) | €10k | €-32k | €44k | ▲ 237% |
| Investment in fixed assets (approximation) | - | €0 | €830 | - |
| Change in cash | - | €-12k | €-3k | ▲ 77.3% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 1.92
Current ratio from 0.22 to 1.92; short-term debt falls from €40k to €7k.
18-07
KBO administration
Address struck
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Balen · 1 establishment unit since 2022
Ground area
840 m²
Building footprint
148 m²
Volume, LiDAR
961 m³
Parcel 13030C0338/00C002, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
C-AD
since 20222.332.705.191
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13030C0338/00C002 | Flanders | 840 m² | 1 · 148 m² | 10.2 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.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 3,628 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
Founded14-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.