Age27 yrs
Real estate1 parcel · 5,829 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of ADD is 0.1% (very low). The 2025 annual accounts show equity of €208k and a net result of €-276k. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 15% of 4723 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.1%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 4723 sector peers (2025).
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-06-2025 | 31-01-2026 | 08-01-2026 | 23 d early | 2026-00004357 |
| 30-06-2024 | 31-01-2025 | 07-02-2025 | 7 d late | 2025-00031355 |
| 30-06-2023 | 31-01-2024 | 20-02-2024 | 20 d late | 2024-00032100 |
| 30-06-2022 | 31-01-2023 | 01-02-2023 | 1 d late | 2023-00017218 |
| 30-06-2021 | 31-01-2022 | 09-02-2022 | 9 d late | 2022-05300240 |
| 30-06-2020 | 31-01-2021 | 01-02-2021 | 1 d late | 2021-03800119 |
| 30-06-2019 | 31-01-2020 | 21-11-2019 | 71 d early | 2019-74000434 |
| 30-06-2018 | 31-01-2019 | 18-06-2019 | 138 d late | 2019-19300430 |
| 30-06-2017 | 31-01-2018 | 31-10-2017 | 92 d early | 2017-69200535 |
| 30-06-2016 | 31-01-2017 | 31-01-2017 | on the day | 2017-03200357 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 1999, 27 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-276k
Working capital€-1.09M+24.0%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 08-01-2026 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~8.7%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 4.7% | 55.5% | |
| Net result | €-276k | €38k | |
| Equity | €208k | €64k | |
| Gross operating margin | €183k | €61k | |
| Total assets | €4.46M | €146k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P15
Weakening position over 2020-2025
· n=1371-12464
P5
Weakening position over 2020-2025
· n=1371-12466
P83
Stable position over 2020-2025
· n=1373-12472
P90
Stable position over 2020-2025
· n=1369-12452
Describes the position versus peers, not a forecast.
€170k
-11.3%
19-25
€-276k
-
19-25
€109k
-30.4%
19-25
€4.46M
+54.6%
19-25
€208k
-66.2%
19-25
€-1.09M
+24.0%
19-25
€18k
-29.8%
19-25
€133k
-
19-25
€4.22M
+88.6%
19-25
€1.86M
-1.8%
19-25
€2.35M
+582.2%
19-25
0.42
+70.0%
19-25
0.42
+70.0%
19-25
4.7%
-78.1%
19-25
20.29
+458.3%
19-25
-132.4%
-
19-25
-6.2%
-
19-25
3.80
-79.6%
19-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €170k |
| Net profit | €-276k |
| Cash flow | €109k |
| Staff costs | - |
| Income taxes | €18k |
| Dividends | €133k |
| Total assets | €4.46M |
| Equity | €208k |
| Debt | €4.22M |
| of which ≤ 1y | €1.86M |
| of which > 1y | €2.35M |
| Working capital | €-1.09M |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.42 |
| Quick ratio | 0.42 |
| Working capital ratio | -24.4% |
| Solvency | 4.7% |
| Debt / equity | 20.29 |
| Long-term debt ratio | 11.27 |
| Interest coverage | 3.80 |
| Gross margin | - |
| Net margin | - |
| ROA | -6.2% |
| ROE | -132.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €4.46M |
| Fixed assets | 21/28 | €3.68M |
| Tangible fixed assets | 22/27 | €3.68M |
| Current assets | 29/58 | €773k |
| Amounts receivable within one year | 40/41 | €104k |
| Cash & bank | 54/58 | €514k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.46M |
| Equity | 10/15 | €208k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €321k |
| Accumulated profits (losses) | 14 | €-131k |
| Provisions & deferred taxes | 16 | €26k |
| Amounts payable | 17/49 | €4.22M |
| Amounts payable after one year | 17 | €2.35M |
| Amounts payable within one year | 42/48 | €1.86M |
| Trade debts payable within one year | 44 | €66k |
| Income statement | ||
| Gross operating margin | 9900 | €183k |
| Operating result | 9901 | €-215k |
| Financial income | 75 | €20 |
| Financial charges | 65 | €45k |
| Result before taxes | 9903 | €-259k |
| Income taxes | 67/77 | €18k |
| Net result for the period | 9904 | €-276k |
| Result to be appropriated | 9905 | €-270k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed20
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Varing 171760 RoosdaalEstablishment units
1 locationADD
since 19992.090.196.184
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area5,829 m²
Buildings1
Building footprint195 m²
Volume (LiDAR)1,227 m³
Tallest building8.7 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23097C0530/00A008 | Flanders | 5,828 m² | 1 · 195 m² | 8.7 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts Company purpose
1. het aanleggen, uitbouwen en beheren van een onroerend vermogen en alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten; 2. het aanleggen, uitbouwen en beheren van een roerend patrimonium, inclusief het verwerven en beheren van aandelen, obligaties, deelbewijzen, inschrijvingsrechten, schuldvorderingen, gelden en kasbons; 3. het toestaan van leningen, voorschotten en kredietopeningen; 4. administratie, consultancy en managementactiviteiten, waaronder het uitoefenen van mandaten van bestuurder, zaakvoerder, directeur of vereffenaar; 5. het geven of organiseren van cursussen, opleidingen, studiedagen en studiereizen; 6. het beheren en verwerven van participaties in alle bestaande of nog op te richten rechtspersonen en vennootschappen
Per act of 11-02-2022
Capital history · 3
11-02-2022
Capital increase: delta: 14499999.00, target: beschikbaar eigen vermogen, paid_up: de inbreng zal volstort worden op een later ogenblik, currency: EUR, contribution: inbreng in geld door de enige aandeelhouder, shares_issued: 14499999
11-02-2022
Capital increase: delta: 14500000.00, paid_up: volledig volstort door de intekenaars, currency: EUR, contribution: inbreng in natura door incorporatie van schuldvorderingen, shares_issued: 14500000, auditor_report: Moore Audit BV, Gent 20 januari 2022
11-02-2022
Capital: currency: EUR, total_shares: 29000000
Address history · 1
11-02-2022
Seat change: to: 9500 Geraardsbergen, Parkbos 6, from: 1831 Diegem, Lambroekstraat 5D, effective_date: 2022-01-25
All acts · 1
updated 4 years ago
2022
11-02-2022 Act object · Notarial deed · Capital increase · Approval
- Act object: KAPITAAL, AANDELEN, ONTSLAGEN, BENOEMINGEN, MAATSCHAPPELIJKE ZETEL, BENAMING, STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN) · SOFINDEV INVESTCO
- Publication: 2022-02-11 · SOFINDEV INVESTCO
- Filing: 2022-02-09 · SOFINDEV INVESTCO
- Notarial deed: 2022-01-25 · SOFINDEV INVESTCO
- Capital increase: delta: 14499999.00, target: beschikbaar eigen vermogen, paid_up: de inbreng zal volstort worden op een later ogenblik, currency: EUR, contribution: inbreng in geld door de enige aandeelhouder, shares_issued: 14499999 · SOFINDEV INVESTCO
- Capital increase: delta: 14500000.00, paid_up: volledig volstort door de intekenaars, currency: EUR, contribution: inbreng in natura door incorporatie van schuldvorderingen, shares_issued: 14500000, auditor_report: Moore Audit BV, Gent 20 januari 2022 · SOFINDEV INVESTCO
- Approval: goedkeuring van het verslag van het bestuursorgaan (ontwerp dd. 12 januari 2022) en van het verslag van de bedrijfsrevisor over de inbreng in natura, de toegepaste waardering en de als tegenprestatie verstrekte vergoeding · SOFINDEV INVESTCO
- Auditor appointment: role: bedrijfsrevisor voor de inbreng in natura (artikel 5:133 WVV), represented_by: e3, appointment_letter_date: 2022-01-14 · MOORE AUDIT
- Capital: currency: EUR, total_shares: 29000000 · SOFINDEV INVESTCO
- Name change: to: Delta Engineering Group, from: Sofindev Investco, effective_date: met onmiddellijke uitwerking · SOFINDEV INVESTCO
- Statute amendment: aanneming van volledig nieuwe statuten in overeenstemming met de aandeelhoudersovereenkomst van of omstreeks 25 januari 2022; gewijzigd worden de bepalingen inzake overdracht van Aandelen, samenstelling, besluitvorming, bevoegdheid en vertegenwoordiging van het bestuursorgaan en de beraadslaging en bevoegdheid van de algemene vergadering; bestuursorgaan van maximaal vijf bestuurders (twee A-, twee B- en optioneel één onafhankelijke), met een lijst van veertien Voorbehouden Materies · SOFINDEV INVESTCO
- Purpose: 1. het aanleggen, uitbouwen en beheren van een onroerend vermogen en alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten; 2. het aanleggen, uitbouwen en beheren van een roerend patrimonium, inclusief het verwerven en beheren van aandelen, obligaties, deelbewijzen, inschrijvingsrechten, schuldvorderingen, gelden en kasbons; 3. het toestaan van leningen, voorschotten en kredietopeningen; 4. administratie, consultancy en managementactiviteiten, waaronder het uitoefenen van mandaten van bestuurder, zaakvoerder, directeur of vereffenaar; 5. het geven of organiseren van cursussen, opleidingen, studiedagen en studiereizen; 6. het beheren en verwerven van participaties in alle bestaande of nog op te richten rechtspersonen en vennootschappen · SOFINDEV INVESTCO
- Officer resignation: role: bestuurder, end_date: 2022-01-25 · SOFINDEV MANAGEMENT
- Officer appointment: role: A-bestuurder, term: onbepaalde duur behoudens herroeping door de algemene vergadering met gewone meerderheid · SOFINDEV V
- Permanent representative · DAELEMANS Carlo
- Officer appointment: role: A-bestuurder, term: onbepaalde duur behoudens herroeping door de algemene vergadering met gewone meerderheid · SOFINDEV MANAGEMENT
- Permanent representative · DE BANDT Jean-Roger Cécile Robert Christophe Marie
- Officer appointment: role: B-bestuurder, term: onbepaalde duur behoudens herroeping door de algemene vergadering met gewone meerderheid · LEMEIRE
- Permanent representative · LEMEIRE Rudy
- Officer appointment: role: B-bestuurder, term: onbepaalde duur behoudens herroeping door de algemene vergadering met gewone meerderheid · ADD
- Permanent representative · DE BRUYN Danny
- Mandate compensation: het mandaat van bestuurder is onbezoldigd · SOFINDEV INVESTCO
- Officer appointment: role: gedelegeerd bestuurder · LEMEIRE
- Officer appointment: role: gedelegeerd bestuurder · ADD
- Seat change: to: 9500 Geraardsbergen, Parkbos 6, from: 1831 Diegem, Lambroekstraat 5D, effective_date: 2022-01-25 · SOFINDEV INVESTCO
- Filing representative: volmacht aan alle advocaten, werknemers, medewerkers en aangestelden van Argo Law BV om de nodige formaliteiten te vervullen bij de Kruispuntbank voor Ondernemingen, de ondernemingsloketten en de diensten van de btw, met recht van indeplaatsstelling · Argo Law
- Filing representative: volmacht voor de formaliteiten bij de Kruispuntbank voor Ondernemingen, de ondernemingsloketten en de btw-diensten, vertegenwoordigd door elk van haar medewerkers (met inbegrip van de heer Adriaan de Leeuw), met recht van indeplaatsstelling · AD - MINISTERIE
Summary:
Act object · Notarial deed · Capital increase · Approval
Analysis
Snowflake analysis
financial profile on 5 axes31
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
20
Profitability
0
Solvency
3
Growth
32
Stability
100
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We hold annual accounts for 15,322 of the 81,966 companies in this sector. 11,546 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142
Primary activity highlighted.
Names & trade names
| Legal nameNL | ADD |
Registered office
Varing 17
1760 Roosdaal, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.