Advestate
ActiveAdvestate has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.04M and a net result of €490k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 64% of 8537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent▲ +24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▲+30
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 6.71 against 2.31 in 2024), and 32.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
67.1%
Return on assets
4.1%
Age of the figures
8 mo
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
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
on the day
2023
12 d early
2022
26 d early
2021
25 d late
2020
25 d late
2019
22 d early
← 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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€490k
2024 · €-331k
2018: €-357k
2019: €1.58M
2020: €596k
2021: €690k
2022: €-248k
2023: €1.12M
2024: €-331k
2018 → 2025
Working capital
€1.29M▲ 45.8%
2024 · €882k
2018: €1.11M
2019: €1.06M
2020: €1.34M
2021: €1.25M
2022: €1.04M
2023: €653k
2024: €882k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7.01M-€6.76M▼ 3.5%€7.88M▲ 16.6%€7.55M▼ 4.2%€8.04M▲ 6.5%
Operating result€-39k-€-959k▼ 2,369%€-86k▲ 91.0%€151k€-256k
Net result€690k-€-248k€1.12M€-331k€490k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €256k after €151k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.99M
Fixed assets
€10.48M▲ 30.7%
Current assets
€1.51M▼ 2.8%
Equity and liabilities €11.99M
Equity
€8.04M▲ 6.5%
Debt
€3.95M▲ 95.6%
The debt ratio rises from 21.1% to 32.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€68k▼
2024 · €271k
Cash flow
€814k▲
2024 · €-211k
Solvency
67.1%▼
2024 · 78.9%
Current ratio
6.71▲
2024 · 2.31
Quick ratio
6.71▲
2024 · 2.31
Debt / equity
0.49▲
2024 · 0.27
ROE
6.1%▲
2024 · -4.4%
ROA
4.1%▲
2024 · -3.5%
Interest coverage
1.21▲
2024 · 0.23
Debt
€3.95M▲
2024 · €2.02M
Debt ≤ 1 year
€225k▼
2024 · €673k
Debt > 1 year
€3.73M▲
2024 · €1.35M
Income taxes
€40k▲
2024 · €614
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€9.57M€11.99M▲
Fixed assets21/28€8.02M€10.48M▲
Tangible fixed assets22/27€2.80M€6.11M▲
Land and buildings22€2.65M€5.97M▲
Plant, machinery and equipment23€374€0▼
Furniture and vehicles24€62k€45k▼
Other tangible fixed assets26€93k€93k=
Financial fixed assets28€5.21M€4.37M▼
Current assets29/58€1.56M€1.51M▼
Amounts receivable after more than one year29€348-
Other amounts receivable291€348-
Amounts receivable within one year40/41€6k€9k▲
Trade receivables40€500€3k▲
Other amounts receivable41€5k€5k=
Current investments50/53€1.33M€1.34M▲
Cash at bank and in hand54/58€218k€155k▼
Deferred charges and accrued income490/1€4k€9k▲
Equity and liabilities
Total equity and liabilities10/49€9.57M€11.99M▲
Equity10/15€7.55M€8.04M▲
Contributions10/11€102k€102k=
Reserves13€7.45M€7.94M▲
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€7.42M€7.91M▲
Amounts payable17/49€2.02M€3.95M▲
Amounts payable after more than one year17€1.35M€3.73M▲
Financial debts170/4€698k€3.10M▲
Other amounts payable178/9€650k€626k▼
Amounts payable within one year42/48€673k€225k▼
Current portion of amounts payable after more than one year42€132k€169k▲
Financial debts43€500k-
Credit institutions430/8€500k-
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Advances received on contracts in progress46€1k-
Taxes, remuneration and social security45€37k€27k▼
Taxes450/3€37k€27k▼
Other amounts payable47/48€2k€28k▲
Income statement
Code20242025
Non-recurring operating income76A€34k€61k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€324k▲
Other operating charges640/8€15k€16k▲
Non-recurring operating charges66A€25k-
Gross operating margin9900€311k€84k▼
Operating profit (loss)9901€151k€-256k▼
Financial income75/76B€681k€842k▲
Recurring financial income75€681k€842k▲
Financial charges65/66B€1.16M€57k▼
Recurring financial charges65€1.16M€57k▼
Profit (loss) for the period before taxes9903€-330k€530k▲
Income taxes67/77€614€40k▲
Profit (loss) for the period9904€-331k€490k▲
Profit (loss) for the period to be appropriated9905€-331k€490k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-331k€490k▲
Transfer from equity791/2€331k-
Transfer to equity691/2-€490k
To other reserves6921-€490k
The notes to these accounts (20 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €490k
Net result €490k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 6.71
Current ratio from 2.31 to 6.71; short-term debt falls from €673k to €225k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €1.12M
Net result €1.12M after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €1.58M
Net result €1.58M after one loss-making year.
31-12
Financial
Equity above €5MEq €5.72M ▲38.1%
Equity rises from €4.15M to €5.72M.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 14 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
30-10
State Gazette act
General meeting · Statutes amendment
Capital increase · Share issue
2010
10-05
State Gazette act
Incorporation · Founding capital
Bank account · Corporate purpose
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
de HALLEUX Louis
CurrentDirector · since 12-07-2024
ESTIVANT Isabelle
CurrentDirector · since 12-07-2024
12-07-2024
de HALLEUX Louis: Resigned as Director (executive)
12-07-2024
de HALLEUX Louis: Appointed as Director
12-07-2024
ESTIVANT Isabelle: Resigned as Director (executive)
12-07-2024
ESTIVANT Isabelle: Appointed as Director
Location & real-estate footprint
Registered office, Chaumont-Gistoux · 1 establishment unit since 2004
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.
Che. du Fonds des Goffes, Bonlez 171325 Chaumont-Gistoux1 establishment unit
Advestate Sprl
since 20042.137.565.937
Structure & network
Ownership & control
1 partyAdvestateBE 0865.404.702
controls
Where this company holds controlthis company sits on their board1
1 location
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PLUG 21
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Of 82,190 companies in sector 70200 we hold annual accounts for 52,387. 8,000 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-2004
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68201Renting and operating of own or leased residential real estate, excluding social housing
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filings
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.