Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AD-CO from Alken, company number BE0847179489, closed financial year 2025 with a result of € 114,368 after tax. For that financial year AD-CO recorded a gross margin of € 1.2 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 110,505 to € 114,368. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 1.1 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 114,368
▲ 3% vs 2024
Profit after tax over the fiscal year.
€ 100,754
▲ 13% 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 € 922,527.
People and assets in 2025
8.6
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 732,778
▲ 14% vs 2024
€ 85,200 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.
€ 128,131
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 985,185
▼ 1% vs 2024
€ 94,775 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 120,451
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 237,103
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 745,797 | € 867,080 | € 1,105,362 | € 1,244,834 | ▲ 13% |
| Profit after taxes | € 114,460 | € 107,005 | € 110,505 | € 114,368 | ▲ 3% |
| Equity | € 800,650 | € 907,655 | € 1,018,159 | € 1,132,527 | ▲ 11% |
| Total debts | € 1,432,119 | € 1,447,064 | € 1,510,035 | € 1,561,518 | ▲ 3% |
| Cash | € 46,254 | € 66,520 | € 89,363 | € 100,754 | ▲ 13% |
| Retained profit | € 590,650 | € 697,655 | € 808,159 | € 922,527 | ▲ 14% |
| Bank debt | € 938,452 | € 909,778 | € 993,792 | € 985,185 | ▼ 1% |
| Balance sheet total | € 2,232,769 | € 2,354,719 | € 2,528,194 | € 2,694,046 | ▲ 7% |
| Employees (FTE) | 3.1 | 5.2 | 7.5 | 8.6 | ▲ 1.1 |
Key figures of AD-CO, 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-CO?
What happened at AD-CO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 114,368 (▲ 3% vs 2024). Source: NBB ↗
- Eddy Withofs became a director. NBB
- New establishment in Alken. KBO
- Start of the company according to the CBE. KBO
In short
From € 114,460 profit in 2022 to € 114,368 profit in 2025.
Paid € 202,390 in corporate taxes since 2022.
Best year ever: 2022, with € 114,460 profit.
On average € 144,700 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
Behind AD-CO is Eddy Withofs. It owns 100% of Descon, 100% of CLB Academy and 100% of Enviro Engineering itself.
Directors
According to the 2025 annual accounts
since 2020
Establishments
Establishment units
Physical locations of this company
Industrieterrein Kolmen 1085
3570 Alken
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →CENTRUM VOOR LOONBEHEER
€ 11.7 million revenue · 2025
ENVIRO ENGINEERING same network
€ 98,654 gross margin · 2025
LOONBEHEER
€ 2.2 million gross margin · 2025
CLB-VERZEKERINGEN
€ 1.5 million gross margin · 2025
CLB Academy same network
€ 200,335 gross margin · 2025
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0847.179.489
- VAT number
- BE 0847.179.489
- Registered office
- Industrieterrein Kolmen 1085, 3570 Alken
- Names & denominations
- AD-CO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 2012
- Peppol
- Active · Active since 23 Jun 2025
- Activities · NACE
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