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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ADSD from Saint-Georges-sur-Meuse, company number BE0767676806, closed financial year 2025 with a result of € -20,238 after tax. For that financial year ADSD recorded a gross margin of € -399 and equity of € -37,622. Compared with financial year 2024, the result moved from € -8,424 to € -20,238. 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 17, 2026.
€ -37,622
▼ € 20,238 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,238
▼ 140 % more loss than in 2024
Profit after tax over the fiscal year.
€ 42,875
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -40,622.
People and assets in 2025
€ 4,332
▼ 58% 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.
€ 89,061
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47
▼ 98% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 14,419 | € 9,005 | € 5,398 | € -399 | ▼ € 5,797 |
| Profit after taxes | € -3,631 | € -3,311 | € -8,424 | € -20,238 | ▼ € 11,814 |
| Equity | € -5,650 | € -8,960 | € -17,384 | € -37,622 | ▼ € 20,238 |
| Total debts | € 131,056 | € 193,032 | € 153,144 | € 151,384 | ▼ 1% |
| Cash | € 17,726 | € 86,431 | € 54,786 | € 42,875 | ▼ 22% |
| Retained profit | € -8,650 | € -11,960 | € -20,384 | € -40,622 | ▼ € 20,238 |
| Balance sheet total | € 125,406 | € 184,072 | € 135,760 | € 113,762 | ▼ 16% |
Key figures of ADSD, 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 ADSD?
What happened at ADSD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 20,238. filed late Source: NBB ↗
- New establishment in Neupré. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,631 loss in 2022 to € 20,238 loss in 2025.
Paid € 4 in corporate taxes since 2022.
Management
Behind ADSD are Brigitte DECHEVIS, Pierre ERNST, ROMAIN ERNST and Jérémy ERNST. Pierre ERNST is also behind ADSG and P.E. Votre Partenaire Financier. ROMAIN ERNST is also behind ADSG. Jérémy ERNST is also behind ADSG.
Directors
According to the 2025 annual accounts
Brigitte DECHEVIS
Director
Establishments
Establishment units
Physical locations of this company
Rue de la Bourse 48
4470 Saint-Georges-sur-Meuse
Rue Bonry(RR) 164
4120 Neupré
Active since 27 May 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0767.676.806
- VAT number
- BE 0767.676.806
- Registered office
- Rue de la Bourse 48, 4470 Saint-Georges-sur-Meuse
- Names & denominations
- ADSD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 2021
- Peppol
- Active · Active since 23 Dec 2025
- Contact
- [email protected]
- Activities · NACE
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