AADEX
ActiveSummary
The computed 12-month bankruptcy probability of AADEX is 3.7% (moderate). The 2025 annual accounts show equity of €62k and a net result of €8k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 7500 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+10
Solvency70▼-10
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 2.01 in 2024; short-term debt: 54.5% and cash: 84.7% of total assets), but 54.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.5%
Return on assets
5.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
17 d late
2024
31 d late
2023
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€62k▲ 14.3%
2024 · €54k
Total assets
€136k▲ 39.2%
2024 · €98k
Net result
€8k
2024 · €-2k
Working capital
€54k▲ 21.5%
2024 · €44k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€74k-€-2k€12k
Net result€54k-€-2k€8k
Equity€57k-€54k▼ 4.2%€62k▲ 14.3%
Total assets€137k-€98k▼ 28.6%€136k▲ 39.2%
Debt€80k-€44k▼ 45.7%€74k▲ 70.0%
Working capital€52k-€44k▼ 14.3%€54k▲ 21.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136k
Fixed assets
€8k ▼ 17.6%
Current assets
€128k ▲ 45.6%
Equity and liabilities €136k
Equity
€62k ▲ 14.3%
Debt
€74k ▲ 70.0%
Debt's share of the balance-sheet total rises from 44.6% to 54.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k▲
2024 · €2k
Cash flow
€12k▲
2024 · €937
Current ratio
1.72▼
2024 · 2.01
Debt to equity
1.20▲
2024 · 0.81
ROE
12.5%▲
2024 · -4.4%
ROA
5.7%▲
2024 · -2.5%
Interest coverage
101.33▲
2024 · 8.91
Debt ≤ 1 year
€74k▲
2024 · €44k
Income taxes
€4k▲
2024 · €570
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €3k | €5k | ▲ 37.9% |
| Other operating charges640/8 | €27 | €535 | €400 | ▼ 25.3% |
| Gross operating margin9900 | €75k | €2k | €17k | ▲ 668% |
| Operating profit (loss)9901 | €74k | €-2k | €12k | ▲ 844% |
| Financial charges65/66B | €136 | €190 | €165 | ▼ 13.2% |
| Recurring financial charges65 | €136 | €190 | €165 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €74k | €-2k | €12k | ▲ 757% |
| Income taxes67/77 | €20k | €570 | €4k | ▲ 642% |
| Profit (loss) for the period9904 | €54k | €-2k | €8k | ▲ 424% |
| Profit (loss) for the period to be appropriated9905 | €54k | €-2k | €8k | ▲ 424% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €137k | €98k | €136k | ▲ 39.2% |
| Fixed assets21/28 | €5k | €10k | €8k | ▼ 17.6% |
| Tangible fixed assets22/27 | €5k | €10k | €8k | ▼ 17.6% |
| Furniture and vehicles24 | €5k | €10k | €8k | ▼ 17.6% |
| Current assets29/58 | €132k | €88k | €128k | ▲ 45.6% |
| Amounts receivable within one year40/41 | €39k | €1k | €12k | ▲ 868% |
| Trade receivables40 | €39k | €1k | €12k | ▲ 868% |
| Cash at bank and in hand54/58 | €92k | €87k | €115k | ▲ 33.0% |
| Deferred charges and accrued income490/1 | €392 | - | €400 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €137k | €98k | €136k | ▲ 39.2% |
| Equity10/15 | €57k | €54k | €62k | ▲ 14.3% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | €50k | €50k | €57k | ▲ 14.0% |
| Distributable reserves133 | €50k | €50k | €57k | ▲ 14.0% |
| Profit (loss) carried forward14 | €4k | €1k | €2k | ▲ 68.2% |
| Amounts payable17/49 | €80k | €44k | €74k | ▲ 70.0% |
| Amounts payable within one year42/48 | €80k | €44k | €74k | ▲ 70.0% |
| Trade debts44 | €55k | €30k | €66k | ▲ 122% |
| Suppliers440/4 | €55k | €30k | €66k | ▲ 122% |
| Taxes, remuneration and social security45 | €22k | €1k | €5k | ▲ 408% |
| Taxes450/3 | €22k | €1k | €5k | ▲ 408% |
| Other amounts payable47/48 | €4k | €13k | €3k | ▼ 78.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €-2k | €8k | ▲ 424% |
| + Depreciation and write-downs630 | €1k | €3k | €5k | ▲ 37.9% |
| Operating cash flow (approximation) | €55k | €937 | €12k | ▲ 1,219% |
| Investment in fixed assets (approximation) | - | €-8k | €-3k | ▲ 65.6% |
| Change in cash | - | €-6k | €29k | ▲ 601% |
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
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2022
Ground area
1,670 m²
Building footprint
716 m²
Volume, LiDAR
6,545 m³
Parcel 21816C0207/00L000, Brussels · tallest building 14.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AADEX
since 20222.334.749.121
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0207/00L000 | Brussels | 1,670 m² | 1 · 716 m² | 14.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Korabo
BE 0646.837.768
Geel · Eq €61,870
PINTO CONCEPT
BE 0696.613.616
Brussel · Eq €61,866
MAISON DAVID
BE 0742.900.927
Saint-Nicolas · Eq €61,871
D & X
BE 0550.544.779
Antwerpen · Eq €61,863
CDO GROUP
BE 0804.275.894
Anderlecht · Eq €61,834
Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 13,181 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
Founded14-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.