ads group

Active

Public limited companyfounded 1985active for 41 yearsSoetkindreef 59, 1070 Anderlecht, BelgiumKBO/BCE: BE 0427.360.818

Summary

ads group has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €11,336. Equity is growing by about 4% per year across the filed financial years. Its solvency ranks better than 26% of 6,141 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisFollow Report Compare

ads groupActiveChecked score 63/100

Risk analysis Report Compare

Activity

Wholesale of wines and spirits

NACE 46341Wholesale of beverages, general range NACE 46349

2 sites

Size

€32.9mturnover 2025

Staff: 10.1 FTE
Equity: €1.8m
Profit: €11,336

Financial health

63 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.1%

Structure

Largest shareholder: DEM ADVANTAGE · 10%

Auditor: RSM INTERAUDIT2025 accounts 30 days early7 of 20 deeds summarised

Why 63raises riskLiquidity: current ratio 1.31, cash €40,465Size: turnover €32.9m, 10.1 FTE, total assets €7.6mEquity €1.8m (23.6% of total assets)1 of the last 3 lateShow the evidence

Checked score

Score 2025

63 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 15% of its sector peers (NACE 46, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 49-2

equity 23.6% of total assets

Liquidity 9-3

short-term debt 76.2% · cash 0.5%

Profitability 31+2

return on assets 0.1%

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,375 companies, NACE 46, small)

Last 24 months 11-2024: 2.0% 12-2024: 2.0%● unchanged vs 11-2024 01-2025: 2.5%▲ +0.5 percentage points vs 12-2024 02-2025: 3.1%▲ +0.6 percentage points vs 01-2025 03-2025: 3.7%▲ +0.6 percentage points vs 02-2025 04-2025: 5.4%▲ +1.7 percentage points vs 03-2025 05-2025: 5.5%▲ +0.1 percentage points vs 04-2025 06-2025: 6.1%▲ +0.6 percentage points vs 05-2025 07-2025: 9.1%▲ +3.0 percentage points vs 06-2025highest value 08-2025: 0.7%▼ -8.4 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026lowest value 04-2026: 0.7%● unchanged vs 03-2026lowest value 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.8%▲ +0.1 percentage points vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 1.1%▲ +0.3 percentage points vs 07-2026 09-2026: 1.1%● unchanged vs 08-2026 10-2026: 1.1%● unchanged vs 09-2026

Credit of up to €110,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.31, compared with 1.35 in 2024, below the usual 1.5; short-term debt: 76.2% and cash: 0.5% of total assets), and 76.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, small): better than 27% on solvency, 8% on liquidity, 18% on profitability and 7% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

raises riskneutral

Liquidity: current ratio 1.31, cash €40,465

NBB · annual accounts

Size: turnover €32.9m, 10.1 FTE, total assets €7.6m

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Equity €1.8m (23.6% of total assets)

NBB · annual accounts

1 of the last 3 late

NBB · filings

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

30 days early

2024

16 days early

2023

246 days late

2022

16 days early

2021

3 days early

2020

15 days late

2019

on the day

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 28 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

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 15 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

01-07-2026 Annual accounts filedfinancial year 2025 · full…
12-09-2025 Amendment of the articlesCapital
15-07-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Caution: Turnover fell in 2025from €53.4m to €32.9m ▼ 38.4% View
Positive: 5 profitable years in a rowprofit 2025: €11,336 5 years View
Active since 1985founded 20-05-1985 41 years View

By topic

Financials

Financial year: 2025
Turnover: €32.9m
Profit: €11,336
Solvency: 23.6%

Turnover▼ 38.4%

Net result

20192025

Go to Financials

Board & ownership

Largest shareholder: DEM ADVANTAGE · 10%
Auditor: RSM INTERAUDIT

Go to Board & ownership

Network & group

Mergers and asset contributions: 1

Go to Network & group

Timeline

Events: 47
Since: 1986
Next accounts: by 31-07-2027

23-06-2025Restructuring
04-10-2024Purpose
03-10-2024Annual accounts filed

Go to Timeline

Company details

Sites: 2

Legal form: Public limited company
Activity: Wholesale of wines and spiritsNACE 46341
Founded: 20-05-1985
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 22

Who signs: Two directors jointly
Annual meeting: Third Monday of June at 18:30
Purpose: “-De handel, onder al haar vormen, en meer bepaald import, export, groothandel en…” (deed in Dutch)

Go to Articles of association

Key facts about ads group

What is the company number of ads group?: 0427.360.818. In Belgium the VAT number is the company number with BE in front: BE 0427.360.818.
Where is ads group based?: The registered office is at Soetkindreef 59, 1070 Anderlecht.Company details
What does ads group do?: According to the KBO register, the main activity is wholesale of wines and spirits (NACE 46341).
What is the legal form of ads group?: Public limited company (NV).
When was ads group founded?: On 20-05-1985.
Is ads group still active?: Yes, ads group is an active enterprise in the KBO register.
How many employees does ads group have?: On average 10.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of ads group?: €32.9m in financial year 2025, according to the filed annual accounts.
Is ads group profitable?: In financial year 2025, ads group made a profit of €11,336.
Where can I find the annual accounts of ads group?: ads group filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ads group due?: By 31-07-2027, for financial year 2026.Timeline