AD EXPERT
ActiveAD EXPERT has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €-2k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 13905 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
20
/ 100
Critical▼ -76 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency2▼-79
Growth52▼-26
Stability94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 1.12 in 2024), and 96.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
3.2%
Return on assets
-1%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 13905 sector peers (2025).
NBB · sector comparisonPosition among 13905 sector peers
Solvency
better than 25%
← 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 01-06-2026, 60 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
60 d early
2024
70 d early
2023
31 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▼ 23.6%
2024 · €9k
2023: €5k
2024: €9k
2023 → 2025
Total assets
€224k▲ 1,471%
2024 · €14k
2023: €32k
2024: €14k
2023 → 2025
Net result
€-2k
2024 · €4k
2023: €3k
2024: €4k
2023 → 2025
Working capital
€-210k
2024 · €582
2023: €2k
2024: €582
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€5k-€9k▲ 79.2%€7k▼ 23.6%
Operating result€5k-€6k▲ 22.4%€-2k
Net result€3k-€4k▲ 27.2%€-2k
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 €2k after €6k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €224k
Fixed assets
€218k▲ 2,323%
Current assets
€6k▲ 14.7%
Equity and liabilities €224k
Equity
€7k▼ 23.6%
Debt
€216k▲ 4,469%
The debt ratio rises from 33.3% to 96.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€4k▼
2024 · €10k
Cash flow
€3k▼
2024 · €9k
Solvency
3.2%▼
2024 · 66.7%
Current ratio
0.03▼
2024 · 1.12
Quick ratio
0.03▼
2024 · 1.12
Debt / equity
29.81▲
2024 · 0.50
ROE
-30.9%▼
2024 · 44.2%
ROA
-1.0%▼
2024 · 29.5%
Interest coverage
11.26▼
2024 · 64.18
Debt
€216k▲
2024 · €5k
Debt ≤ 1 year
€216k▲
2024 · €5k
Income taxes
€339▼
2024 · €1k
Staff costs
€19
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€14k€224k▲
Fixed assets21/28€9k€218k▲
Intangible fixed assets21€6k€3k▼
Tangible fixed assets22/27€3k€215k▲
Land and buildings22-€213k
Furniture and vehicles24€3k€1k▼
Current assets29/58€5k€6k▲
Amounts receivable within one year40/41-€550
Trade receivables40-€550
Cash at bank and in hand54/58€5k€4k▼
Deferred charges and accrued income490/1€283€2k▲
Equity and liabilities
Total equity and liabilities10/49€14k€224k▲
Equity10/15€9k€7k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€7k€5k▼
Amounts payable17/49€5k€216k▲
Amounts payable within one year42/48€5k€216k▲
Trade debts44-€2k
Suppliers440/4-€2k
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Other amounts payable47/48€610€212k▲
Accrued charges and deferred income492/3€64-
Income statement
Code20242025
Remuneration, social security and pensions62-€19
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€203€450▲
Gross operating margin9900€10k€4k▼
Operating profit (loss)9901€6k€-2k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€160€311▲
Recurring financial charges65€160€311▲
Profit (loss) for the period before taxes9903€6k€-2k▼
Income taxes67/77€1k€339▼
Profit (loss) for the period9904€4k€-2k▼
Profit (loss) for the period to be appropriated9905€4k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€5k▼
Profit (loss) brought forward from the previous period14P€3k€7k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Permanent representative4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Permanent representative4 facts ▸
- General meeting, 2026-08-01
- Director appointment, MDS GROUP (administrateur)
- Permanent representative, Jonathan Mendes de Sousa
- Mandate compensation, MDS GROUP
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-2k ▼153%
Net result drops to €-2k, the lowest in the series.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €4k ▲27.2%
Operating result €6k, net result €4k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
MDS GROUP
CurrentDirector · since 01-08-2026 · Private limited company · perm. rep.: Jonathan Mendes de Sousa
01-08-2026
Appointed as Director
Location & real-estate footprint
Registered office, Braine-l'Alleud · 2 establishment units since 2022
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.
Rue Scolasse 141420 Braine-l'AlleudGround area
1,422 m²
Building footprint
146 m²
Volume, LiDAR
1,452 m³
2 parcels, Brussels, Wallonia · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
AD EXPERT
since 20222.338.985.843
AD EXPERT
since 20232.350.054.038
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0391/00A002 | Brussels | 716 m² | 1 · 137 m² | 13.6 m · 4 fl. |
| 25014N0580/00D000 | Wallonia | 707 m² | 1 · 9 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 2 locations
controls
AD EXPERTBE 0794.368.434
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Of 1,527 companies in sector 68322 we hold annual accounts for 738. 293 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-12-2022
Fiscal year end31-12
Activities, NACEBEL
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:audrey.die@gmail.com
Phone:+32474898408
Phone:0474898408