Result
€489,727 €489,727
Back in profit in 2025, after a loss of €331,081 in 2024.
Advestate
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2005peak €387,779 (2006)
€84,184▼ 73.0%
lowest -€357,290 (2018)
€489,727▲ €820,808
peak €8.0m (2025)
€8.0m▲ 6.5%
€4.0m▲ 95.6%
peak 1 FTE (2017)
-not published
Board2 names since 2004
2 directorsde HALLEUX Louis and 1 other
Documentsfilings and deeds
07-07-202624 days before the deadline
2025abbreviated format
Gross margin from €311,298 to €84,184Back to profit: €489,727Debts from €2.0m to €4.0mInvestments €2.8m
Key points
from the 2025 annual accountsTurnover
≈ €170,000 estimated
The accounts state no turnover.
Debts
€4.0m ▲ 95.6%
Debts rose by €1.9m in 2025.
Investments
€3.6m 11.2 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 125.6% higher than in 2024.
Liquidity
6.71 was 2.31 in 2024
Short-term debts fell from €672,840 to €225,221.
Position in the sector
€8.0m
More equity than 95% of companies in head offices and management consultancy. Sector median €323,523 · 10,857 companies.
Checked score
94
Excellent
Financially stronger than 52% of medium-sized companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 802 companies (NACE 70, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 6.71, cash €155,432
lowers risk
Size: total assets €12.0m
Figures for financial year 2025 (filed on 07-07-2026)
Founded in 2004
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, medium-sized). It does better than 57% of them on solvency, 65% on liquidity, 27% on profitability and 61% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as Advestate has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of Advestate itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for Advestate. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.71 (2.31 in 2024), above the usual 1.5. Short-term debt is 1.9% and cash 1.3% of total assets. 32.9% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 · 10 filingsDeviation from the deadline
2025
24 days early
2024
on the day
2023
12 days early
2022
26 days early
2021
25 days late
2020
25 days late
2019
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0865404702
2 managers resigning, 2 directors reappointed
Resignations: de HALLEUX Louis (statutory manager) and ESTIVANT Isabelle (statutory manager) · Reappointments: de HALLEUX Louis (statutory director) and ESTIVANT Isabelle (statutory director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 28-12-2023 · Gazette deed
Incorporation
published on 04-06-2004 · Gazette deed
First establishment
Advestate Sprl, Che. du Fonds des Goffes, Bonlez 17, Chaumont-Gistoux
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Advestate Chaumont-Gistoux | €12.0m | €84,184 | 67.1% | - |
| SOCRATES PROJECTS Kruisem | €12.0m | €81,334 | 57.4% | 0 |
| ARNICO Uccle | €9.7m | €76,963 | 93.6% | - |
| MAXIS Sint-Martens-Latem | €11.0m | €92,679 | 11.7% | - |
| C&N HOLDING Kampenhout | €11.0m | €108,316 | 70.0% | 0 |
| SINDBAD MANAGEMENT Uccle | €8.7m | €83,515 | 4.9% | - |
| CéVéGé Wingene | €11.4m | €64,668 | 99.8% | - |
These companies have the same main activity as Advestate: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €8.7m and €12m, founded between 2002 and 2007.
Official details
Source: KBO- Status
- Active since 21-05-2004Normal situation
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Establishment unit
- 2.137.565.9371325 Chaumont-Gistoux, since 15-05-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- €12.0m▲ 25.3%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Companies linked to Advestate
Subsidiaries and holdings
Insights on Advestate
Advestate files the abbreviated format. That format states no turnover. The gross margin fell from €387,779 in 2006 to €84,184 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Advestate
- What is the company number of Advestate?
- The company number of Advestate is 0865.404.702. The VAT number is the same number with BE in front: BE 0865.404.702.
- Where is Advestate based?
- The registered office is at Che. du Fonds des Goffes, Bonlez 17, 1325 Chaumont-Gistoux.Company details
- What does Advestate do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Advestate?
- Advestate is a private limited company (BV).
- When was Advestate founded?
- Advestate was founded on 21-05-2004.
- Is Advestate still active?
- Yes, Advestate is an active enterprise in the KBO register.
- How many employees does Advestate have?
- Advestate had an average of 0.1 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of Advestate?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €84,184 and 65 comparable companies (NACE 70200). It probably lies between €120,000 and €260,000.
- Is Advestate profitable?
- In financial year 2025, Advestate made a profit of €489,727.
- Where can I find the annual accounts of Advestate?
- Advestate filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Advestate due?
- Advestate must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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