Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
ADS RACING from Stoumont, company number BE0478019562, closed financial year 2024 with a result of € -3,723 after tax. For that financial year ADS RACING recorded revenue of € 35,231 and equity of € -85,353. Compared with financial year 2023, the result moved from € -2,898 to € -3,723. The company made a loss. 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 August 27, 2025.
€ -85,353
▼ € 3,723 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,723
▼ 28 % more loss than in 2023
Profit after tax over the fiscal year.
€ 4,354
▲ 74% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -103,953.
People and assets in 2024
€ 6,924
▼ 20% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 66,996
▼ 28% vs 2023
€ 26,031 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 40,599
▼ 22% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 865
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 1,479 | € 5,040 | € 31,992 | € 35,231 | ▲ 10% |
| Gross margin | € -8,395 | € -1,681 | € 16,184 | € 21,450 | ▲ 33% |
| Profit after taxes | € -26,608 | € -20,115 | € -2,898 | € -3,723 | ▼ € 825 |
| Equity | € -58,617 | € -78,732 | € -81,630 | € -85,353 | ▼ € 3,723 |
| Total debts | € 341,450 | € 346,169 | € 357,921 | € 365,407 | ▲ 2% |
| Cash | € 12,399 | € 2,502 | € 2,505 | € 4,354 | ▲ 74% |
| Land & buildings | € 217,808 | € 209,011 | € 200,214 | € 191,417 | ▼ 4% |
| Retained profit | € -77,217 | € -97,332 | € -100,230 | € -103,953 | ▼ € 3,723 |
| Bank debt | € 141,355 | € 118,283 | € 92,768 | € 66,996 | ▼ 28% |
| Balance sheet total | € 282,833 | € 267,436 | € 276,291 | € 280,054 | ▲ 1% |
Key figures of ADS RACING, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ADS RACING?
What happened at ADS RACING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 3,723. filed late Source: NBB ↗
- New establishment in Courcelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,608 loss in 2021 to € 3,723 loss in 2024.
Paid € 4,704 in corporate taxes since 2021.
Establishments
Establishment units
Physical locations of this company
La Gleize 66
4987 Stoumont
Rue du Nord(CO) 35
6180 Courcelles
Active since 19 February 2003
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.019.562
- VAT number
- BE 0478.019.562
- Registered office
- La Gleize 66, 4987 Stoumont
- Names & denominations
- ADS RACING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 July 2002
- Peppol
- Active · Active since 23 Mar 2026
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