Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AD ANTWERP from Antwerpen, company number BE0427875512, closed financial year 2025 with a result of € 461,952 after tax. For that financial year AD ANTWERP recorded revenue of € 1.4 million and equity of € -7.9 million. Compared with financial year 2024, the result moved from € -146,381 to € 461,952. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ -7.9 million
▲ € 461,952 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 461,952
▲ still € 146,381 loss in 2024
Profit after tax over the fiscal year.
€ 1.1 million
▲ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -7.9 million.
People and assets in 2025
5.7
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 429,595
▲ 2% vs 2024
€ 75,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,899
▲ 10% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.2 million
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 379 days on average.
€ 69,740
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 996,827 | € 1,006,484 | € 1,496,258 | € 1,404,130 | ▼ 6% |
| Profit after taxes | € -162,038 | € -134,798 | € -146,381 | € 461,952 | ▲ € 608,334 |
| Equity | € -8,090,560 | € -8,225,359 | € -8,371,740 | € -7,909,787 | ▲ € 461,952 |
| Total debts | € 13,214,306 | € 13,225,895 | € 13,657,672 | € 12,554,718 | ▼ 8% |
| Cash | € 873,247 | € 500,520 | € 866,693 | € 1,122,208 | ▲ 29% |
| Land & buildings | € 13,078 | € 5,719 | € 2,478 | € 13,278 | ▲ € 10,800 |
| Retained profit | € -8,109,160 | € -8,243,959 | € -8,390,340 | € -7,928,387 | ▲ € 461,952 |
| Balance sheet total | € 5,123,746 | € 5,000,536 | € 5,285,932 | € 4,644,930 | ▼ 12% |
| Employees (FTE) | 7.1 | 5.5 | 6 | 5.7 | ▼ 0.3 |
Key figures of AD ANTWERP, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to AD ANTWERP?
What happened at AD ANTWERP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Claudio Antonioli stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 461,952. Source: NBB ↗
- Claudio Antonioli became a director. NBB
- New establishment in Antwerpen. KBO
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 162,038 loss in 2022 to € 461,952 profit in 2025.
Paid € 364 in corporate taxes since 2022.
Best year ever: 2025, with € 461,952 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Establishments
Establishment units
Physical locations of this company
Verlatstraat 38
2000 Antwerpen
Leopold de Waelplaats 6
2000 Antwerpen
Active since 1 October 1985
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.875.512
- VAT number
- BE 0427.875.512
- Registered office
- Verlatstraat 38, 2000 Antwerpen
- Names & denominations
- AD ANTWERP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 1985
- Peppol
- Active · Active since 6 Jun 2025
- Activities · NACE
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Vervaardiging van overige kleding en toebehoren, neg
Vervaardiging van overige kleding en kledingaccessoires, n.e.g.
Vervaardiging van andere kleding en toebehoren, n.e.g.
Groothandel in uurwerken en sieraden
Activiteiten van fotografen, met uitzondering van persfotografen
Fotostudio's en overige fotografische activiteiten
Groothandel in horloges en uurwerken, artikelen van edele metalen en sieraden