A+D Projects
ActiveSummary
A+D Projects has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91,309 and a net result of -€7,691. Its solvency ranks better than 32% of 11,192 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- €91,309
- Loss
- -€7,691
- Largest shareholder
- D.D.S. VASTGOED · 33.33%
- ART OF BUILDINGManaging director · permanent representative Mahieu Filip
- CentrimoDirector · permanent representative Desmet Jean-Luc Maurice Adolf
- D.D.S. VASTGOEDDirector · permanent representative Dierckx Geert
Why 66raises riskLiquidity: current ratio 1.15Founded in 2024lowers riskSector: Real estate activities (NACE 68)Size: total assets €710,792Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 34% on solvency, 7% on liquidity and 30% on profitability.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- IncorporationAppointments: Centrimo, Art of Building…
Financials · financial year 2025, abbreviated format
Turnover and EBIT margin not published: the abbreviated format does not require them.
Peer companies
Historical observationOf the 5,181 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96.4% are still going.
- Small
- solvency 10 to 30%
- a small loss
- without age
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,181 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.
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €818 |
| Gross operating margin9900 | -€1,505 |
| Operating profit (loss)9901 | -€2,324 |
| Financial charges65/66B | €5,368 |
| Recurring financial charges65 | €5,368 |
| Profit (loss) for the period before taxes9903 | -€7,691 |
| Profit (loss) for the period9904 | -€7,691 |
| Profit (loss) for the period to be appropriated9905 | -€7,691 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €710,792 | |
| Current assets29/58 | €710,792 | |
| Stocks and contracts in progress3 | €679,743 | |
| Stocks30/36 | €679,743 | |
| Amounts receivable within one year40/41 | €19,217 | |
| Trade receivables40 | €121 | |
| Other amounts receivable41 | €19,096 | |
| Current investments50/53 | €11,831 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €710,792 | |
| Equity10/15 | €91,309 | |
| Contributions10/11 | €99,000 | |
| Capital10 | €99,000 | |
| Issued capital100 | €99,000 | |
| Profit (loss) carried forward14 | -€7,691 | |
| Amounts payable17/49 | €619,483 | |
| Amounts payable within one year42/48 | €619,483 | |
| Current portion of amounts payable after more than one year42 | €20,000 | |
| Trade debts44 | €170,213 | |
| Suppliers440/4 | €170,213 | |
| Other amounts payable47/48 | €429,270 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€7,691 |
| Operating cash flow (approximation) | -€7,691 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-07-2026 | 2026-00312242 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 1
Permanent representatives 3
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| ART OF BUILDING |
|
| Centrimo |
|
| D.D.S. VASTGOED |
|
Owners and capital
Owners
1 ownerOwners 1
-
33.33%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- Art of Building (BE 0680.449.654) 66 shares (66.7%) · €66,000 in cash
- D.D.S. VASTGOED (BE 1015.040.167) 33 shares (33.3%) · €33,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 30-10-2024 Incorporation · €99,000 · 99 shares
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
30-10
Gazette deed
IncorporationAppointments: Centrimo, Art of Building and D.D.S. VASTGOED · Permanent representatives: Desmet Jean-Luc Maurice Adolf, Mahieu Filip and Dierckx Geert · Founder13 facts ▸
- Director appointment, Centrimo (director)
- Permanent representative, Desmet Jean-Luc Maurice Adolf
- Director appointment, Art of Building (director)
- Permanent representative, Mahieu Filip
- Director appointment, D.D.S. VASTGOED (director)
- Permanent representative, Dierckx Geert
- Director appointment, Art of Building (gedelegeerd bestuurder belast met dagelijks bestuur)
- Incorporation, “A+D Projects” (deed in Dutch)
- Founder, Art of Building
- Founder, D.D.S. VASTGOED
- Name clause, A+D Projects
- Registered office clause, “8500 Kortrijk,Beneluxpark 29,bus 0021” (deed in Dutch)
- +1 further fact in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1015.652.257
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34354D0453/00A000 | Flanders | 2,929 m² | 1 · 156 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aankoop,ontwikkeling,verkoop en beheer van onroerende goederen; Het kopen en verkopen van aandelen in diverse vennootschappen; De…” (deed in Dutch)
15 activities (deed in Dutch)
- De aankoop,ontwikkeling,verkoop en beheer van onroerende goederen
- Het kopen en verkopen van aandelen in diverse vennootschappen
- De studie,het ontwerpen,ontwikkelen,promoten en begeleiden van vastgoedprojecten allerhande
- Het stellen van allerhande verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het verwerven,vervreemden,ruilen,huren,verhuren,bouwen,verbouwen,verkavelen,beheren,valoriseren en advies verlenen omtrent allerhande onroerende goederen
- Het nemen of toestaan van optierechten tot koop of verkoop van vastgoed
- Het aangaan van een onroerende leasing
- Het verstrekken of toestaan van leningen en kredietopeningen,onder om het even welke vorm,al dan niet met hypotheek gewaarborgd,het financieren van vastgoedprojecten,het verstrekken van middelen en diensten aan ondernemingen,particulieren,organisaties en alle mogelijke instanties en in dit kader zich ook borg stellen of aval verlenen in de meest ruime zin en het verrichten van alle handels- en financiële operaties,behalve die welke wettelijk voorbehouden zijn aan depositobanken,houders van deposito's op korte termijn,spaarkassen en hypotheekmaatschappijen
- Het uitbaten van een algemene bouwonderneming beperkt tot de coördinatie van voormelde projecten
- Alle mogelijke operaties van onroerende aard,met inbegrip van huur,huurfinanciering,leasing,erfpacht,opstal,vruchtgebruik,verkoop,inbreng,projectontwikkeling,mijnbouw,bosbouw,infrastructuurwerken en ontginning van olie en natuurlijke rijkdommen,alle mogelijke operaties met betrekking tot schepen,enzovoort,alsmede alle handel in verband met deze activiteiten
- Het bevorderen van de oprichting van vennootschappen door inbreng,participatie of investering,het verwerven door inschrijving op of aankoop en het beheren van aandelen,obligaties,opties,warrants,futures,of andere roerende waarden,van welke vorm ook,van Belgische of buitenlands bestaande of nog op te richten vennootschappen
- Het waarnemen van bestuurs- en vereffeningsopdrachten en het uitoefenen van mandaten en functies die rechtstreeks of onrechtstreeks met haar voorwerp verband houden
- Het coördineren van werkzaamheden in de breedste zin van het woord
- Makelaar zijn in alle onroerende verrichtingen in de breedste zin van het woord.Bijgevolg kan zij alle al dan niet gebouwde goederen of terreinen kopen,verkopen,huren,verhuren en schatten,alle zakelijke of persoonlijke rechten in verband met deze goederen verlenen of aanvaarden,deze goederen verdelen in loten,promotieverrichtingen uitvoeren,ieder advies verstrekken en iedere technische bijstand verlenen inzake onroerende goederen
- Onderneming in onroerende goederen,meer bepaald de projectontwikkeling,het verwerven,vervreemden,ruilen,bouwen,verbouwen,herbouwen,afbreken,veranderen,uitbaten,beheren,huren,verhuren,renoveren,herbestemmen,verkavelen en productief maken van,alsook het beleggen in,alle types onroerende goederen,hierna opgesomd maar niet beperkt tot:gronden,woningen,villa's,hoeves,appartementen,lofts,studentenkamers,logistieke panden,industriële panden,semi-industriële panden,stadswinkels,baanwinkels,alle soorten retailpanden,horeca- en vrijetijdspanden,cafés,restaurants,luxevastgoed,kantoren,chalets,winkelcentra,parkings,garages,infrastructuur,enzovoort,alsook alle aanverwante goederen
- Het optreden als aannemer in vastgoedprojecten allerhande
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Voorzitter raad van bestuur, kan kiezen” (deed in Dutch)“6 jaar, 3” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 09:00