@D CONSULT
ActiveSummary
@D CONSULT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,905 and a net result of -€2,686. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-45
Solvency80▼-2
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.06 against 2.14 in 2024; short-term debt: 44.8% and cash: 38.6% of total assets), and 44.8% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.2%
Return on assets
-11.5%
Age of the figures
9 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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
30 d late
2023
25 d late
2022
30 d late
2021
28 d late
2020
31 d late
2019
95 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 34 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€108,000
EBIT margin
10.5%
Net result
-€2,686
2024 · €1,653
Working capital
€11,126▼ 15.5%
2024 · €13,171
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
Turnover€108,000
Operating result€11,373▲ 23.0%-€6,881€8,906€3,573▼ 59.9%-€1,871
Net result€7,625▲ 28.9%-€10,255€4,682€1,653▼ 64.7%-€2,686
EBIT margin10.5%
Equity€19,510▲ 64.2%€9,255▼ 52.6%€13,938▲ 50.6%€15,591▲ 11.9%€12,905▼ 17.2%
Total assets€54,590▲ 57.2%€23,660▼ 56.7%€40,629▲ 71.7%€27,184▼ 33.1%€23,361▼ 14.1%
Debt€35,080▲ 53.5%€14,404▼ 58.9%€26,691▲ 85.3%€11,592▼ 56.6%€10,456▼ 9.8%
Working capital€17,226▲ 66.0%€7,887▼ 54.2%€13,485▲ 71.0%€13,171▼ 2.3%€11,126▼ 15.5%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,871 after €3,573 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,361
Fixed assets
€1,779 ▼ 26.5%
Current assets
€21,582 ▼ 12.8%
Equity and liabilities €23,361
Equity
€12,905 ▼ 17.2%
Debt
€10,456 ▼ 9.8%
Debt's share of the balance-sheet total rises from 42.6% to 44.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,230▼
2024 · €4,227
Cash flow
-€2,045▼
2024 · €2,307
Current ratio
2.06▼
2024 · 2.14
Debt to equity
0.81▲
2024 · 0.74
ROE
-20.8%▼
2024 · 10.6%
ROA
-11.5%▼
2024 · 6.1%
Interest coverage
-3.78▼
2024 · 2.68
Debt ≤ 1 year
€10,456▼
2024 · €11,592
Income taxes
€490▲
2024 · €441
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 4,815 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €108,000 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €89,174 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,063 | €916 | €916 | €654 | €641 | ▼ 1.9% |
| Other operating charges640/8 | €9,901 | €1,506 | €2,006 | €1,410 | €380 | ▼ 73.1% |
| Gross operating margin9900 | €22,337 | -€4,459 | €11,827 | €5,637 | -€850 | ▼ 115% |
| Operating profit (loss)9901 | €11,373 | -€6,881 | €8,906 | €3,573 | -€1,871 | ▼ 152% |
| Financial income75/76B | €0 | €1 | €20 | €99 | - | - |
| Recurring financial income75 | €0 | €1 | €20 | €99 | - | - |
| Financial charges65/66B | €972 | €2,525 | €516 | €1,577 | €326 | ▼ 79.4% |
| Recurring financial charges65 | €972 | €2,525 | €516 | €1,577 | €326 | ▼ 79.4% |
| Profit (loss) for the period before taxes9903 | €10,400 | -€9,406 | €8,409 | €2,095 | -€2,196 | ▼ 205% |
| Income taxes67/77 | €2,776 | €849 | €3,727 | €441 | €490 | ▲ 11.0% |
| Profit (loss) for the period9904 | €7,625 | -€10,255 | €4,682 | €1,653 | -€2,686 | ▼ 262% |
| Profit (loss) for the period to be appropriated9905 | €7,625 | -€10,255 | €4,682 | €1,653 | -€2,686 | ▼ 262% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,590 | €23,660 | €40,629 | €27,184 | €23,361 | ▼ 14.1% |
| Fixed assets21/28 | €2,284 | €1,368 | €452 | €2,421 | €1,779 | ▼ 26.5% |
| Tangible fixed assets22/27 | €2,284 | €1,368 | €452 | €2,421 | €1,779 | ▼ 26.5% |
| Land and buildings22 | €566 | €283 | - | - | - | - |
| Plant, machinery and equipment23 | €1,405 | €855 | €305 | €51 | €1,779 | ▲ 3,357% |
| Furniture and vehicles24 | €313 | €230 | €148 | €2,369 | - | - |
| Current assets29/58 | €52,306 | €22,291 | €40,177 | €24,763 | €21,582 | ▼ 12.8% |
| Amounts receivable within one year40/41 | €23,076 | €20,525 | €37,803 | €18,077 | €12,474 | ▼ 31.0% |
| Trade receivables40 | €14,184 | €13,613 | €32,778 | €9,722 | €9,922 | ▲ 2.1% |
| Other amounts receivable41 | €8,893 | €6,912 | €5,025 | €8,355 | €2,552 | ▼ 69.5% |
| Cash at bank and in hand54/58 | €22,111 | €413 | €429 | €850 | €9,028 | ▲ 963% |
| Deferred charges and accrued income490/1 | €7,119 | €1,354 | €1,944 | €5,837 | €80 | ▼ 98.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,590 | €23,660 | €40,629 | €27,184 | €23,361 | ▼ 14.1% |
| Equity10/15 | €19,510 | €9,255 | €13,938 | €15,591 | €12,905 | ▼ 17.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | -€950 | -€11,205 | -€6,522 | -€4,869 | -€5,695 | ▼ 17.0% |
| Amounts payable17/49 | €35,080 | €14,404 | €26,691 | €11,592 | €10,456 | ▼ 9.8% |
| Amounts payable within one year42/48 | €35,080 | €14,404 | €26,691 | €11,592 | €10,456 | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | €9,000 | €3,000 | €3,000 | €3,000 | - | - |
| Financial debts43 | - | - | - | - | €557 | - |
| Credit institutions430/8 | - | - | - | - | €557 | - |
| Trade debts44 | €11,073 | €8,029 | €10,054 | €4,090 | €110 | ▼ 97.3% |
| Suppliers440/4 | €11,073 | €8,029 | €10,054 | €4,090 | €110 | ▼ 97.3% |
| Taxes, remuneration and social security45 | €13,123 | €3,339 | €7,113 | €4,502 | €4,815 | ▲ 6.9% |
| Taxes450/3 | €5,320 | €3,339 | €7,113 | €4,502 | €4,815 | ▲ 6.9% |
| Remuneration and social security454/9 | €7,803 | - | - | - | - | - |
| Other amounts payable47/48 | €1,884 | €36 | €6,525 | - | €4,975 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,625 | -€10,255 | €4,682 | €1,653 | -€2,686 | ▼ 262% |
| + Depreciation and write-downs630 | €1,063 | €916 | €916 | €654 | €641 | ▼ 1.9% |
| Operating cash flow (approximation) | €8,688 | -€9,339 | €5,598 | €2,307 | -€2,045 | ▼ 189% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,622 | €0 | ▲ 100% |
| Change in cash | - | -€21,698 | €16 | €421 | €8,179 | ▲ 1,844% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial
Back to profitnet €4,682
Net result €4,682 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-12
Financial
Highest result since 2018net €7,625 ▲28.9%
Operating result €11,373, net result €7,625, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €5,917
Net result €5,917 after 2 loss-making years.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB 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, Nieuwerkerken (Limb.) · 1 establishment unit since 2013
Ground area
21.3 ha
Building footprint
165 m²
Volume, LiDAR
834 m³
2 parcels, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
AD Consult
since 20132.215.910.461
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71307H0052/00Y018 | Flanders | 21.2 ha | - | - |
| 71031A0473/00L000 | Flanders | 1,039 m² | 1 · 165 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,956 companies in sector 47120 we hold annual accounts for 2,192. 1,294 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
Founded15-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
18130Pre-press and pre-media services
73110Advertising agencies
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502531957
Also
9925:BE0502531957
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.