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 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2023; threshold 65 %.
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Late annual account NBB
Fiscal year 2023 was filed 650 days after the legal deadline.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2023.
Financials
Financial year 2023
AD LIBITUM from Elsene, company number BE0739821077, closed financial year 2023 with a result of € -14,033 after tax. For that financial year AD LIBITUM recorded a gross margin of € 66,557 and equity of € -161,916. Compared with financial year 2022, the result moved from € -19,157 to € -14,033. 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 May 12, 2026.
€ -161,916
▼ € 14,033 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,033
▲ 27 % less loss than in 2022
Profit after tax over the fiscal year.
€ 16,575
▲ 7% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -165,916.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 38,451
▼ 29% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 20,281
▼ 40% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 21,416
▲ € 17,737 vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 9,369
▼ 12% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 44,181 | € 75,378 | € 66,557 | ▼ 12% |
| Profit after taxes | € -61,710 | € -19,157 | € -14,033 | ▲ € 5,124 |
| Equity | € -130,726 | € -147,883 | € -161,916 | ▼ € 14,033 |
| Total debts | € 377,614 | € 370,939 | € 369,557 | |
| Cash | € 17,354 | € 15,559 | € 16,575 | ▲ 7% |
| Retained profit | € -132,726 | € -151,883 | € -165,916 | ▼ € 14,033 |
| Balance sheet total | € 246,888 | € 223,056 | € 207,640 | ▼ 7% |
Key figures of AD LIBITUM, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to AD LIBITUM?
What happened at AD LIBITUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 14,033. filed late Source: NBB ↗
- Massimiliano RICAGNO became a director. NBB
- Riccardo MASSACCI stepped down as director. NBB
- New establishment in Elsene. KBO
- Riccardo MASSACCI became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 61,710 loss in 2021 to € 14,033 loss in 2023.
A new publication or filing at AD LIBITUM? We notify you, reason included.
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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
Behind AD LIBITUM is Massimiliano RICAGNO.
Directors
According to the 2023 annual accounts
Massimiliano RICAGNO
Director
since 2024
Riccardo MASSACCI
Director
since 2019 · until 2024
Establishments
Establishment units
Physical locations of this company
Edelknaapstraat 31
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0739.821.077
- VAT number
- BE 0739.821.077
- Registered office
- Edelknaapstraat 31, 1050 Elsene
- Names & denominations
- AD LIBITUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2019
- Peppol
- Active · Active since 13 Nov 2025
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening