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.
Financials
Financial year 2025
Ad-ASTA from Elsene, company number BE0752903607, closed financial year 2025 with a result of € -62,671 after tax. For that financial year Ad-ASTA recorded a gross margin of € 1.4 million and equity of € -150,583. Compared with financial year 2024, the result moved from € 87,202 to € -62,671. 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 6, 2026.
€ -150,583
▼ € 62,670 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -62,671
▼ still € 87,202 profit in 2024
Profit after tax over the fiscal year.
€ 49,764
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -160,583.
People and assets in 2025
12.1
▲ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 14% vs 2024
€ 106,300 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.
€ 8,450
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.9 million
▼ 9% vs 2024
Loans from banks and other lenders, long and short.
€ 158,214
▲ 120% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 115,917
▼ 50% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 839,538 | € 1,106,173 | € 1,385,724 | € 1,415,020 | ▲ 2% |
| Profit after taxes | € 91,156 | € 53,646 | € 87,202 | € -62,671 | ▼ € 149,873 |
| Equity | € -228,761 | € -175,115 | € -87,913 | € -150,583 | ▼ € 62,670 |
| Total debts | € 1,103,827 | € 1,321,605 | € 2,659,252 | € 2,359,716 | ▼ 11% |
| Cash | € 25,990 | € 159,616 | € 97,792 | € 49,764 | ▼ 49% |
| Retained profit | € -238,761 | € -185,115 | € -97,913 | € -160,583 | ▼ € 62,670 |
| Bank debt | € 725,000 | € 850,000 | € 2,030,000 | € 1,853,246 | ▼ 9% |
| Balance sheet total | € 875,066 | € 1,146,490 | € 2,571,339 | € 2,209,133 | ▼ 14% |
| Employees (FTE) | 6.6 | 8.6 | 10.3 | 12.1 | ▲ 1.8 |
Key figures of Ad-ASTA, 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-ASTA?
What happened at Ad-ASTA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 62,671 (▼ € 149,873 vs 2024). filed late Source: NBB ↗
- New establishment in Brussel. KBO
- ASKARR BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 91,156 profit in 2022 to € 62,671 loss in 2025.
Best year ever: 2022, with € 91,156 profit.
On average € 116,900 of value added per employee in 2025.
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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
The stake of ASKARR, Quercia Venture Management comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Ad-ASTABehind Ad-ASTA are Quercia Venture Management and ASKARR BV. The shares are held by ASKARR (33%) and Quercia Venture Management (25%).
Directors
According to the 2025 annual accounts
Director · represented by Eric Archambeau
Director · represented by Hendrik Van Asbroek
Also active at: Biolectric Group, Good Harvest Belgium I, AV BELGIUM II, Bnewable
since 2020
Shareholders
33%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 480
1050 Elsene
Barricadenplein 13
1000 Brussel
Active since 25 August 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0752.903.607
- VAT number
- BE 0752.903.607
- Registered office
- Louizalaan 480, 1050 Elsene
- Names & denominations
- Ad-ASTA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 2020
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Activiteiten van holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Holdings
Diverse administratieve activiteiten ten behoeve van kantoren