A.D.A. PROJECTS
ActiveSummary
A.D.A. PROJECTS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €271,932 and a net result of €39,501. Equity is growing by ~49.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 7454 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-3
Solvency56=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.26 in 2023; short-term debt: 37.2% and cash: 10.7% of total assets), and 68.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
41 d early
2022
28 d early
2021
23 d early
2020
11 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€271,932▲ 0.2%
2023 · €271,431
Total assets
€872,653▼ 1.4%
2023 · €884,906
Net result
€39,501▼ 29.5%
2023 · €56,029
Working capital
€54,922▼ 35.1%
2023 · €84,616
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€75,370▲ 681%€140,434▲ 86.3%€38,350▼ 72.7%€81,428▲ 112%€55,202▼ 32.2%
Net result€53,880within the sector's middle half▲ 779%€99,211within the sector's middle half▲ 84.1%€25,620within the sector's middle half▼ 74.2%€56,029within the sector's middle half▲ 119%€39,501within the sector's middle half▼ 29.5%
Equity€90,571within the sector's middle half▲ 147%€189,782within the sector's middle half▲ 110%€215,402within the sector's middle half▲ 13.5%€271,431within the sector's middle half▲ 26.0%€271,932within the sector's middle half▲ 0.2%
Total assets€366,044within the sector's middle half▼ 7.8%€497,790within the sector's middle half▲ 36.0%€963,038within the sector's middle half▲ 93.5%€884,906within the sector's middle half▼ 8.1%€872,653within the sector's middle half▼ 1.4%
Debt€275,474▼ 23.5%€308,008▲ 11.8%€747,636▲ 143%€613,475▼ 17.9%€600,722▼ 2.1%
Working capital€68,783▲ 218%€168,586▲ 145%€39,629▼ 76.5%€84,616▲ 114%€54,922▼ 35.1%
Solvency24.7%within the sector's middle half▲ 15.5pp38.1%within the sector's middle half▲ 13.4pp22.4%below the sector's middle half▼ 15.8pp30.7%within the sector's middle half▲ 8.3pp31.2%within the sector's middle half▲ 0.5pp
Staff (FTE)1below the sector's middle half▲ 25.0%1below the sector's middle half=0.9below the sector's middle half▼ 10.0%1below the sector's middle half▲ 11.1%1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €872,653
Fixed assets
€492,690 ▲ 2.7%
Current assets
€379,964 ▼ 6.2%
Equity and liabilities €872,653
Equity
€271,932 ▲ 0.2%
Debt
€600,722 ▼ 2.1%
Debt's share of the balance-sheet total falls from 69.3% to 68.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€95,858▼
2023 · €118,384
Cash flow
€80,156▼
2023 · €92,985
Current ratio
1.17▼
2023 · 1.26
Quick ratio
1.05▼
2023 · 1.17
Debt to equity
2.21▼
2023 · 2.26
ROE
14.5%▼
2023 · 20.6%
ROA
4.5%▼
2023 · 6.3%
Interest coverage
13.13▼
2023 · 16.99
Debt ≤ 1 year
€325,042▲
2023 · €320,366
Debt > 1 year
€271,498▼
2023 · €293,108
Income taxes
€13,084▼
2023 · €23,051
Staff costs
€73,190▲
2023 · €68,295
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,891 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €19,400 | - | - | - |
| Remuneration, social security and pensions62 | - | €42,145 | €45,169 | €68,295 | €73,190 | ▲ 7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,390 | €15,282 | €26,984 | €36,957 | €40,656 | ▲ 10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €6,932 | - | - | - | - |
| Other operating charges640/8 | - | €3,604 | €55,391 | €6,972 | €5,421 | ▼ 22.3% |
| Gross operating margin9900 | €128,662 | €208,396 | €165,894 | €193,651 | €174,469 | ▼ 9.9% |
| Operating profit (loss)9901 | €75,370 | €140,434 | €38,350 | €81,428 | €55,202 | ▼ 32.2% |
| Financial income75/76B | - | €5,081 | €2,604 | €4,621 | €4,683 | ▲ 1.3% |
| Recurring financial income75 | €2,360 | €5,081 | €2,604 | €4,621 | €4,683 | ▲ 1.3% |
| Financial charges65/66B | - | €1,302 | €5,363 | €6,969 | €7,301 | ▲ 4.8% |
| Recurring financial charges65 | €2,199 | €1,302 | €5,363 | €6,969 | €7,301 | ▲ 4.8% |
| Profit (loss) for the period before taxes9903 | €75,530 | €144,213 | €35,591 | €79,080 | €52,584 | ▼ 33.5% |
| Income taxes67/77 | €21,650 | €45,001 | €9,972 | €23,051 | €13,084 | ▼ 43.2% |
| Profit (loss) for the period9904 | €53,880 | €99,211 | €25,620 | €56,029 | €39,501 | ▼ 29.5% |
| Profit (loss) for the period to be appropriated9905 | €53,880 | €99,211 | €25,620 | €56,029 | €39,501 | ▼ 29.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €366,044 | €497,790 | €963,038 | €884,906 | €872,653 | ▼ 1.4% |
| Fixed assets21/28 | €55,972 | €43,797 | €478,954 | €479,923 | €492,690 | ▲ 2.7% |
| Tangible fixed assets22/27 | €55,922 | €43,747 | €478,904 | €479,873 | €492,640 | ▲ 2.7% |
| Land and buildings22 | - | - | €408,756 | €394,437 | €380,118 | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €2,283 | €1,200 | €368 | €1,964 | ▲ 434% |
| Furniture and vehicles24 | - | €32,482 | €60,069 | €78,954 | €105,736 | ▲ 33.9% |
| Other tangible fixed assets26 | - | €8,982 | €8,881 | €6,115 | €4,822 | ▼ 21.1% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €310,073 | €453,993 | €484,083 | €404,982 | €379,964 | ▼ 6.2% |
| Stocks and contracts in progress3 | €33,538 | €36,655 | €37,911 | €30,133 | €38,545 | ▲ 27.9% |
| Stocks30/36 | - | €36,655 | €37,911 | €30,133 | €38,545 | ▲ 27.9% |
| Amounts receivable within one year40/41 | €228,277 | €297,054 | €435,517 | €242,856 | €219,775 | ▼ 9.5% |
| Trade receivables40 | - | €272,663 | €400,243 | €213,964 | €167,215 | ▼ 21.8% |
| Other amounts receivable41 | - | €24,391 | €35,275 | €28,893 | €52,560 | ▲ 81.9% |
| Current investments50/53 | - | - | - | €11,832 | €16,761 | ▲ 41.7% |
| Cash at bank and in hand54/58 | €39,590 | €111,411 | €2,005 | €109,297 | €93,123 | ▼ 14.8% |
| Deferred charges and accrued income490/1 | - | €8,874 | €8,649 | €10,864 | €11,760 | ▲ 8.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €366,044 | €497,790 | €963,038 | €884,906 | €872,653 | ▼ 1.4% |
| Equity10/15 | €90,571 | €189,782 | €215,402 | €271,431 | €271,932 | ▲ 0.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €54,860 | €153,860 | €179,360 | €234,860 | €234,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €152,000 | €179,360 | €234,860 | €234,860 | = |
| Profit (loss) carried forward14 | €17,111 | €17,322 | €17,442 | €17,971 | €18,472 | ▲ 2.8% |
| Amounts payable17/49 | €275,474 | €308,008 | €747,636 | €613,475 | €600,722 | ▼ 2.1% |
| Amounts payable after more than one year17 | €34,184 | €22,600 | €303,182 | €293,108 | €271,498 | ▼ 7.4% |
| Financial debts170/4 | - | €22,600 | €303,182 | €293,108 | €271,498 | ▼ 7.4% |
| Amounts payable within one year42/48 | €241,290 | €285,408 | €444,454 | €320,366 | €325,042 | ▲ 1.5% |
| Current portion of amounts payable after more than one year42 | - | €11,584 | €49,293 | €49,356 | €56,882 | ▲ 15.2% |
| Financial debts43 | - | - | €25,000 | - | - | - |
| Credit institutions430/8 | - | - | €25,000 | - | - | - |
| Trade debts44 | €171,075 | €177,190 | €325,865 | €225,376 | €174,523 | ▼ 22.6% |
| Suppliers440/4 | - | €177,190 | €325,865 | €225,376 | €174,523 | ▼ 22.6% |
| Taxes, remuneration and social security45 | - | €71,210 | €38,345 | €39,777 | €45,447 | ▲ 14.3% |
| Taxes450/3 | - | €66,838 | €33,449 | €28,467 | €36,280 | ▲ 27.4% |
| Remuneration and social security454/9 | - | €4,372 | €4,895 | €11,310 | €9,167 | ▼ 18.9% |
| Other amounts payable47/48 | - | €25,423 | €5,951 | €5,857 | €48,189 | ▲ 723% |
| Accrued charges and deferred income492/3 | - | - | - | - | €4,183 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,880 | €99,211 | €25,620 | €56,029 | €39,501 | ▼ 29.5% |
| + Depreciation and write-downs630 | €13,390 | €15,282 | €26,984 | €36,957 | €40,656 | ▲ 10.0% |
| Operating cash flow (approximation) | €67,270 | €114,493 | €52,604 | €92,985 | €80,156 | ▼ 13.8% |
| Investment in fixed assets (approximation) | - | -€3,107 | -€462,142 | -€37,925 | -€53,422 | ▼ 40.9% |
| Change in cash | - | €71,822 | -€109,406 | €107,292 | -€16,174 | ▼ 115% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200,000Eq €215,402 ▲13.5%
5 profitable years in a row build equity to €215,402.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €99,211 ▲84.1%
Operating result €140,434, net result €99,211, both a record.
31-12
Financial
Equity above €150,000Eq €189,782 ▲110%
4 profitable years in a row build equity to €189,782.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Deinze · 1 establishment unit since 2013
Ground area
4,353 m²
Building footprint
1,132 m²
Volume, LiDAR
5,492 m³
2 parcels, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
A.D.A. PROJECTS
since 20132.215.771.097
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054B0756/00C000 | Flanders | 3,727 m² | 1 · 1,033 m² | 6.3 m · 2 fl. |
| 44026A0322/02H002 | Flanders | 626 m² | 1 · 99 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 213 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 213 EUR | 0 EUR |
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Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,307 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
74301Translation services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502405461
Also
9925:BE0502405461
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.