A.D. Value
ActiveSummary
A.D. Value has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22.56M and a net result of €5.07M. Equity is growing by ~41.7% per year across the filed fiscal years. Its solvency ranks better than 93% of 728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+9
Solvency100▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 1.89 against 1.0 in 2024; short-term debt: 6.8% and cash: 0.2% of total assets), and 9.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
90.2%
Return on assets
20.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
29 d late
2023
36 d early
2022
73 d early
2021
38 d early
2020
20 d late
2019
17 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5.07M▲ 443%
2024 · €935k
2018: €159k
2019: €4k
2020: €62k
2021: €136k
2022: €1.80M
2023: €861k
2024: €935k
2018 → 2025
Working capital
€1.51M▲ 24,027%
2024 · €6k
2018: €-680k
2019: €-918k
2020: €-594k
2021: €-469k
2022: €428k
2023: €-253k
2024: €6k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.20M-€2.96M▲ 147%€3.82M▲ 29.1%€4.76M▲ 24.4%€22.56M▲ 374%
Operating result€288k-€2.18M▲ 656%€1.26M▼ 42.3%€1.31M▲ 4.1%€2.80M▲ 114%
Net result€136k-€1.80M▲ 1,221%€861k▼ 52.1%€935k▲ 8.6%€5.07M▲ 443%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 114% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25.02M
Fixed assets
€21.81M ▲ 299%
Current assets
€3.21M ▲ 64.9%
Equity and liabilities €25.02M
Equity
€22.56M ▲ 374%
Provisions
€19k ▼ 9.7%
Debt
€2.44M ▼ 7.4%
Debt's share of the balance-sheet total falls from 35.6% to 9.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.52M▲
2024 · €1.62M
Cash flow
€5.79M▲
2024 · €1.25M
Current ratio
1.89▲
2024 · 1.00
Debt to equity
0.11▼
2024 · 0.55
ROE
22.5%▲
2024 · 19.6%
ROA
20.3%▲
2024 · 12.6%
Interest coverage
29.22▼
2024 · 34.57
Debt ≤ 1 year
€1.70M▼
2024 · €1.94M
Debt > 1 year
€743k▲
2024 · €696k
Income taxes
€624k▲
2024 · €379k
Staff costs
€133k▲
2024 · €79k
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 · 68 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.42M€25.02M▲
Fixed assets21/28€5.47M€21.81M▲
Intangible fixed assets21-€39k
Tangible fixed assets22/27€4.31M€8.87M▲
Land and buildings22€3.23M€7.38M▲
Plant, machinery and equipment23€6k€194k▲
Furniture and vehicles24€230k€493k▲
Other tangible fixed assets26€849k€804k▼
Financial fixed assets28€1.16M€12.90M▲
Current assets29/58€1.95M€3.21M▲
Amounts receivable after more than one year29€1.00M€1.00M=
Other amounts receivable291€1.00M€1.00M=
Amounts receivable within one year40/41€854k€2.04M▲
Trade receivables40€88k€535k▲
Other amounts receivable41€766k€1.50M▲
Cash at bank and in hand54/58€3k€47k▲
Deferred charges and accrued income490/1€90k€123k▲
Equity and liabilities
Total equity and liabilities10/49€7.42M€25.02M▲
Equity10/15€4.76M€22.56M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€104k€12.79M▲
Reserves13€3.41M€3.96M▲
Non-distributable reserves130/1€47k€47k=
Legal reserve130€47k€47k=
Tax-exempt reserves132€596k€1.59M▲
Distributable reserves133€2.77M€2.32M▼
Profit (loss) carried forward14€1.18M€5.75M▲
Provisions and deferred taxes16€21k€19k▼
Deferred taxes168€21k€19k▼
Amounts payable17/49€2.64M€2.44M▼
Amounts payable after more than one year17€696k€743k▲
Financial debts170/4€696k€743k▲
Amounts payable within one year42/48€1.94M€1.70M▼
Current portion of amounts payable after more than one year42€574k€481k▼
Financial debts43€164k-
Credit institutions430/8€164k-
Trade debts44€358k€736k▲
Suppliers440/4€358k€736k▲
Advances received on contracts in progress46€639k-
Taxes, remuneration and social security45€97k€250k▲
Taxes450/3€87k€241k▲
Remuneration and social security454/9€10k€9k▼
Other amounts payable47/48€109k€231k▲
Accrued charges and deferred income492/3€74€865▲
Income statement
Code20242025
Remuneration, social security and pensions62€79k€133k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€315k€720k▲
Other operating charges640/8€37k€213k▲
Non-recurring operating charges66A€736€506▼
Gross operating margin9900€1.74M€3.87M▲
Operating profit (loss)9901€1.31M€2.80M▲
Financial income75/76B€48k€3.02M▲
Recurring financial income75€48k€3.02M▲
Financial charges65/66B€47k€120k▲
Recurring financial charges65€47k€120k▲
Profit (loss) for the period before taxes9903€1.31M€5.70M▲
Transfer from deferred taxes780€3k€2k▼
Income taxes67/77€379k€624k▲
Profit (loss) for the period9904€935k€5.07M▲
Transfer from tax-exempt reserves789€5k€6k▲
Transfer to tax-exempt reserves689€488k€998k▲
Profit (loss) for the period to be appropriated9905€452k€4.08M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.64M€5.75M▲
Profit (loss) brought forward from the previous period14P€1.18M€1.67M▲
Transfer to equity691/2€452k-
To other reserves6921€452k-
Social balance
Average headcount (FTE)90871.52.3▲
The notes to these accounts (23 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 18 days late
2025
31-12
Financial
Highest result since 2018net €5.07M ▲443%
Operating result €2.80M, net result €5.07M, both a record.
31-12
Financial
Equity above €10MEq €22.56M ▲374%
8 profitable years in a row build equity to €22.56M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-11
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
19-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €2MEq €2.96M ▲147%
5 profitable years in a row build equity to €2.96M.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
31-12
Financial
Equity above €1MEq €1.06M ▲6.2%
3 profitable years in a row build equity to €1.06M.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €4k ▼97.3%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Rixensart · 1 establishment unit since 1988
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.
Chaussée de Lasne 421330 RixensartGround area
371 m²
Building footprint
68 m²
Volume, LiDAR
112 m³
Parcel 25091B0414/00A000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PROFIRST
since 19882.036.463.530
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091B0414/00A000 | Wallonia | 371 m² | 1 · 68 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
3 locations
Similar companies · same sector, comparable size
RVT OORDEGEM
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RR IMMO
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Knokke-Heist · Eq €12.75M
AANN
BE 0442.010.984
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A.C.N.
BE 0829.935.166
Izegem · Eq €9.06M
FACTUM
BE 0424.404.791
Ukkel · Eq €7.42M
Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 17 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-01-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
71112Activities of interior architects
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
73110Advertising agencies
74140Other specialised design activities
82300Organisation of conventions and trade shows
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.