ADwork
ActiveSummary
ADwork has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.06M and a net result of €107k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 1906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-27
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 73.95 against 4.82 in 2024; short-term debt: 1.2% and cash: 7% of total assets), and 4.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← 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
95.4%
Return on assets
3.3%
Age of the figures
12 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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.06M
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-03-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
57 d early
2023
140 d early
2022
30 d early
2021
2 d early
2020
on the day
2019
1 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.06M▲ 425%
2024 · €583k
2018: €899
2019: €-169▼ -119% vs 2018
2020: €-1k▼ -671% vs 2019lowest in 8 years
2021: €105k▲ +8144% vs 2020
2022: €135k▲ +29.3% vs 2021
2023: €322k▲ +139% vs 2022
2024: €583k▲ +80.9% vs 2023
2025: €3.06M▲ +425% vs 2024highest in 8 years
2018 → 2025
Total assets
€3.21M▲ 304%
2024 · €794k
2018: €7k
2019: €68▼ -99.0% vs 2018
2020: €42▼ -38.3% vs 2019lowest in 8 years
2021: €143k▲ +340625% vs 2020
2022: €351k▲ +146% vs 2021
2023: €453k▲ +29.3% vs 2022
2024: €794k▲ +75.0% vs 2023
2025: €3.21M▲ +304% vs 2024highest in 8 years
2018 → 2025
Net result
€107k▼ 59.0%
2024 · €261k
2018: €-2klowest in 8 years
2019: €-1k▲ +41.3% vs 2018
2020: €-1k▼ -6.0% vs 2019
2021: €106k▲ +9459% vs 2020
2022: €117k▲ +10.1% vs 2021
2023: €210k▲ +79.9% vs 2022
2024: €261k▲ +24.4% vs 2023highest in 8 years
2025: €107k▼ -59.0% vs 2024
2018 → 2025
Working capital
€2.74M▲ 605%
2024 · €388k
2018: €899
2019: €-169▼ -119% vs 2018
2020: €-1k▼ -671% vs 2019lowest in 8 years
2021: €105k▲ +8144% vs 2020
2022: €135k▲ +29.3% vs 2021
2023: €177k▲ +31.0% vs 2022
2024: €388k▲ +119% vs 2023
2025: €2.74M▲ +605% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€105k-€135k▲ 29.3%€322k▲ 139%€583k▲ 80.9%€3.06M▲ 425%
2021: €105klowest in 5 years
2022: €135k▲ +29.3% vs 2021
2023: €322k▲ +139% vs 2022
2024: €583k▲ +80.9% vs 2023
2025: €3.06M▲ +425% vs 2024highest in 5 years
Operating result€143k-€175k▲ 22.7%€292k▲ 66.8%€377k▲ 29.3%€149k▼ 60.6%
2021: €143klowest in 5 years
2022: €175k▲ +22.7% vs 2021
2023: €292k▲ +66.8% vs 2022
2024: €377k▲ +29.3% vs 2023highest in 5 years
2025: €149k▼ -60.6% vs 2024
Net result€106k-€117k▲ 10.1%€210k▲ 79.9%€261k▲ 24.4%€107k▼ 59.0%
2021: €106klowest in 5 years
2022: €117k▲ +10.1% vs 2021
2023: €210k▲ +79.9% vs 2022
2024: €261k▲ +24.4% vs 2023highest in 5 years
2025: €107k▼ -59.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.21M
Fixed assets
€432k ▲ 42.2%
Current assets
€2.77M ▲ 466%
Equity and liabilities €3.21M
Equity
€3.06M ▲ 425%
Debt
€146k ▼ 30.5%
Debt's share of the balance-sheet total falls from 26.5% to 4.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€198k▼
2024 · €417k
Cash flow
€157k▼
2024 · €301k
Current ratio
73.95▲
2024 · 4.82
Debt to equity
0.05▼
2024 · 0.36
ROE
3.5%▼
2024 · 44.7%
ROA
3.3%▼
2024 · 32.9%
Interest coverage
30.96▼
2024 · 74.79
Debt ≤ 1 year
€38k▼
2024 · €102k
Debt > 1 year
€109k=
2024 · €109k
Income taxes
€45k▼
2024 · €116k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€794k€3.21M▲
Fixed assets21/28€304k€432k▲
Tangible fixed assets22/27€304k€432k▲
Furniture and vehicles24€111k€78k▼
Other tangible fixed assets26€193k€354k▲
Current assets29/58€490k€2.77M▲
Amounts receivable after more than one year29-€1.00M
Other amounts receivable291-€1.00M
Amounts receivable within one year40/41€87k€43k▼
Trade receivables40€55k€42k▼
Other amounts receivable41€32k€420▼
Current investments50/53€201k€1.50M▲
Cash at bank and in hand54/58€200k€225k▲
Deferred charges and accrued income490/1€956€1k▲
Equity and liabilities
Total equity and liabilities10/49€794k€3.21M▲
Equity10/15€583k€3.06M▲
Contributions10/11€19k€21k▲
Reserves13€565k€3.04M▲
Tax-exempt reserves132-€360k
Distributable reserves133€565k€2.68M▲
Amounts payable17/49€210k€146k▼
Amounts payable after more than one year17€109k€109k=
Financial debts170/4€109k€109k=
Amounts payable within one year42/48€102k€38k▼
Current portion of amounts payable after more than one year42€22k-
Trade debts44€4k€11k▲
Suppliers440/4€4k€11k▲
Taxes, remuneration and social security45€76k€26k▼
Taxes450/3€76k€26k▼
Other amounts payable47/48€250€692▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€50k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€419k€202k▼
Operating profit (loss)9901€377k€149k▼
Financial income75/76B€5k€43k▲
Recurring financial income75€5k€43k▲
Financial charges65/66B€6k€39k▲
Recurring financial charges65€6k€6k▲
Non-recurring financial charges66B-€33k
Profit (loss) for the period before taxes9903€377k€153k▼
Income taxes67/77€116k€45k▼
Profit (loss) for the period9904€261k€107k▼
Profit (loss) for the period to be appropriated9905€261k€107k▼
Appropriation of the result
Profit (loss) to be appropriated9906€261k€107k▼
Transfer to equity691/2€261k€107k▼
To other reserves6921€261k€107k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €21k | €40k | €50k | ▲ 24.6% |
| Other operating charges640/8 | €420 | €693 | €459 | €2k | €4k | ▲ 109% |
| Gross operating margin9900 | €143k | €176k | €313k | €419k | €202k | ▼ 51.8% |
| Operating profit (loss)9901 | €143k | €175k | €292k | €377k | €149k | ▼ 60.6% |
| Financial income75/76B | - | - | - | €5k | €43k | ▲ 695% |
| Recurring financial income75 | - | - | - | €5k | €43k | ▲ 695% |
| Financial charges65/66B | €30 | €40 | €191 | €6k | €39k | ▲ 602% |
| Recurring financial charges65 | €30 | €40 | €191 | €6k | €6k | ▲ 14.8% |
| Non-recurring financial charges66B | - | - | - | - | €33k | - |
| Profit (loss) for the period before taxes9903 | €143k | €175k | €292k | €377k | €153k | ▼ 59.6% |
| Income taxes67/77 | €37k | €58k | €82k | €116k | €45k | ▼ 60.9% |
| Profit (loss) for the period9904 | €106k | €117k | €210k | €261k | €107k | ▼ 59.0% |
| Profit (loss) for the period to be appropriated9905 | €106k | €117k | €210k | €261k | €107k | ▼ 59.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143k | €351k | €453k | €794k | €3.21M | ▲ 304% |
| Fixed assets21/28 | - | - | €145k | €304k | €432k | ▲ 42.2% |
| Tangible fixed assets22/27 | - | - | €145k | €304k | €432k | ▲ 42.2% |
| Furniture and vehicles24 | - | - | €140k | €111k | €78k | ▼ 29.6% |
| Other tangible fixed assets26 | - | - | €5k | €193k | €354k | ▲ 83.7% |
| Current assets29/58 | €143k | €351k | €308k | €490k | €2.77M | ▲ 466% |
| Amounts receivable after more than one year29 | - | - | - | - | €1.00M | - |
| Other amounts receivable291 | - | - | - | - | €1.00M | - |
| Amounts receivable within one year40/41 | €21k | €157k | €91k | €87k | €43k | ▼ 51.1% |
| Trade receivables40 | €530 | €157k | €91k | €55k | €42k | ▼ 23.7% |
| Other amounts receivable41 | €20k | - | - | €32k | €420 | ▼ 98.7% |
| Current investments50/53 | €10k | - | €100k | €201k | €1.50M | ▲ 646% |
| Cash at bank and in hand54/58 | €112k | €194k | €116k | €200k | €225k | ▲ 12.2% |
| Deferred charges and accrued income490/1 | - | - | €1k | €956 | €1k | ▲ 24.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143k | €351k | €453k | €794k | €3.21M | ▲ 304% |
| Equity10/15 | €105k | €135k | €322k | €583k | €3.06M | ▲ 425% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €21k | ▲ 10.4% |
| Reserves13 | - | €117k | €304k | €565k | €3.04M | ▲ 438% |
| Tax-exempt reserves132 | - | - | - | - | €360k | - |
| Distributable reserves133 | - | €117k | €304k | €565k | €2.68M | ▲ 374% |
| Profit (loss) carried forward14 | €86k | - | - | - | - | - |
| Amounts payable17/49 | €38k | €216k | €131k | €210k | €146k | ▼ 30.5% |
| Amounts payable after more than one year17 | - | - | - | €109k | €109k | = |
| Financial debts170/4 | - | - | - | €109k | €109k | = |
| Amounts payable within one year42/48 | €38k | €216k | €131k | €102k | €38k | ▼ 63.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22k | - | - |
| Trade debts44 | €1k | €3k | €6k | €4k | €11k | ▲ 200% |
| Suppliers440/4 | €1k | €3k | €6k | €4k | €11k | ▲ 200% |
| Advances received on contracts in progress46 | - | €86k | - | - | - | - |
| Taxes, remuneration and social security45 | €37k | €84k | €45k | €76k | €26k | ▼ 65.9% |
| Taxes450/3 | €37k | €84k | €45k | €76k | €26k | ▼ 65.9% |
| Other amounts payable47/48 | - | €43k | €80k | €250 | €692 | ▲ 177% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106k | €117k | €210k | €261k | €107k | ▼ 59.0% |
| + Depreciation and write-downs630 | - | - | €21k | €40k | €50k | ▲ 24.6% |
| Operating cash flow (approximation) | €106k | €117k | €230k | €301k | €157k | ▼ 47.9% |
| Investment in fixed assets (approximation) | - | - | - | €-198k | €-178k | ▲ 10.3% |
| Change in cash | - | €82k | €-79k | €84k | €24k | ▼ 71.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity times 15current ratio 73.95
Current ratio from 4.82 to 73.95; short-term debt falls from €102k to €38k.
30-09
Financial
Equity above €2MEq €3.06M ▲425%
5 profitable years in a row build equity to €3.06M.
04-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €261k ▲24.4%
Operating result €377k, net result €261k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 4.82
Current ratio from 2.35 to 4.82; short-term debt falls from €131k to €102k.
30-09
Financial
Equity above €500kEq €583k ▲80.9%
4 profitable years in a row build equity to €583k.
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Equity above €200kEq €322k ▲139%
3 profitable years in a row build equity to €322k.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €106k
Net result €106k after 3 loss-making years.
Show earlier events
30-09
Financial
Liquidity times 120current ratio 3.75
Current ratio from 0.03 to 3.75.
30-09
Financial
Equity above €100kEq €105k
Equity rises from €-1k to €105k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Schilde · 1 establishment unit since 2006
Ground area
408 m²
Building footprint
441 m²
Volume, LiDAR
1,812 m³
Parcel 11039A0185/00N025, Flanders · tallest building 13.9 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Adwork
since 20062.188.682.165
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039A0185/00N025 | Flanders | 408 m² | 1 · 440 m² | 13.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900HAUIRG6KOMEN94
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Of 3,152 companies in sector 63920 we hold annual accounts for 1,525. 296 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-12-2006
Fiscal year end30-09
Activities, NACEBEL 2025
63920Other information service activities
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.