AdaStone
ActiveSummary
AdaStone has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €5k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 1004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▼-14
Solvency32=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.07 against 1.09 in 2024; short-term debt: 93% and cash: 7.8% of total assets), and 93% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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 24% of 1004 sector peers (2025).
NBB · sector comparisonPosition among 1004 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-11-2025, 24 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 · 4 filingsDeviation from the deadline
2025
24 d late
2024
14 d late
2023
1 d early
2022
5 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k▼ 54.0%
2024 · €11k
2022: €6k
2023: €8k
2024: €11k
2022 → 2025
Working capital
€69k▼ 6.3%
2024 · €74k
2022: €67k
2023: €65k
2024: €74k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€46k-€54k▲ 17.1%€66k▲ 20.7%€71k▲ 7.9%
Operating result€16k-€17k▲ 9.1%€26k▲ 51.8%€17k▼ 36.2%
Net result€6k-€8k▲ 22.4%€11k▲ 41.7%€5k▼ 54.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€2k ▼ 56.7%
Current assets
€1.02M ▲ 13.1%
Equity and liabilities €1.02M
Equity
€71k ▲ 7.9%
Debt
€946k ▲ 13.2%
Debt's share of the balance-sheet total rises from 92.7% to 93.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2024 · €39k
Cash flow
€8k▼
2024 · €24k
Current ratio
1.07▼
2024 · 1.09
Debt to equity
13.35▲
2024 · 12.73
ROE
7.3%▼
2024 · 17.1%
ROA
0.5%▼
2024 · 1.2%
Interest coverage
2.45▼
2024 · 4.09
Debt ≤ 1 year
€946k▲
2024 · €824k
Income taxes
€6k▲
2024 · €5k
Staff costs
€52k▼
2024 · €53k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€902k€1.02M▲
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€1k▼
Furniture and vehicles24€4k€1k▼
Financial fixed assets28€325€375▲
Current assets29/58€897k€1.02M▲
Amounts receivable within one year40/41€759k€922k▲
Trade receivables40€695k€802k▲
Other amounts receivable41€63k€120k▲
Cash at bank and in hand54/58€99k€79k▼
Deferred charges and accrued income490/1€39k€15k▼
Equity and liabilities
Total equity and liabilities10/49€902k€1.02M▲
Equity10/15€66k€71k▲
Contributions10/11€40k€40k=
Profit (loss) carried forward14€26k€31k▲
Amounts payable17/49€836k€946k▲
Amounts payable after more than one year17€12k-
Financial debts170/4€12k-
Amounts payable within one year42/48€824k€946k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Financial debts43€50k€50k=
Credit institutions430/8€50k€50k=
Trade debts44€711k€844k▲
Suppliers440/4€711k€844k▲
Taxes, remuneration and social security45€18k€15k▼
Taxes450/3€6k€6k▲
Remuneration and social security454/9€12k€9k▼
Other amounts payable47/48€32k€25k▼
Income statement
Code20242025
Remuneration, social security and pensions62€53k€52k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€2k▼
Other operating charges640/8€1k€9k▲
Gross operating margin9900€93k€80k▼
Operating profit (loss)9901€26k€17k▼
Financial income75/76B€47€2k▲
Recurring financial income75€47€2k▲
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€17k€11k▼
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€11k€5k▼
Profit (loss) for the period to be appropriated9905€11k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€31k▲
Profit (loss) brought forward from the previous period14P€14k€26k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (9 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
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
31-03
Financial
Weakest financial yearnet €5k ▼54%
Net result drops to €5k, the lowest in the series.
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 14 days late
31-03
Financial
Highest result since 2022net €11k ▲41.7%
Operating result €26k, net result €11k, both a record.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Watermaal-Bosvoorde · 1 establishment unit since 2021
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.
Terhulpsesteenweg 1661170 Watermaal-BosvoordeGround area
3.2 ha
Building footprint
7,322 m²
Volume, LiDAR
125,390 m³
Parcel 21652E0030/00D002, Brussels · tallest building 21.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
AdaStone
since 20212.316.735.132
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0030/00D002 | Brussels | 3.2 ha | 1 · 7,322 m² | 21.0 m · 6 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
ARNLEX
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AADR
BE 0795.913.209
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MEDITARA
BE 1031.381.204
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WEEGMANN DE GELAS
BE 0668.987.620
Brugge · Eq €70,946
Auzac
BE 1004.718.080
Watermaal-Bosvoorde · Eq €70,967
Of 22,058 companies in sector 69101 we hold annual accounts for 9,052. 7,465 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 formPrivate limited company
Founded20-01-2021
Fiscal year end31-03
Activities, NACEBEL 2025
69101Activities of lawyers
69109Other legal services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:stephanie.golinvaux@adastone.law
Phone:028996740