ABDF Construction
ActiveSummary
The computed 12-month bankruptcy probability of ABDF Construction is 2.3% (moderate). The 2024 annual accounts show equity of €198,406 and a net result of €58,594. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 9975 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+30
Solvency66▲+6
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.59 in 2023; short-term debt: 31.3% and cash: 2.3% of total assets), but 58.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
62 d late
2022
29 d late
2021
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 40 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
Equity
€198,406▲ 41.9%
2023 · €139,812
Total assets
€479,142▲ 21.5%
2023 · €394,451
Net result
€58,594▲ 1,071%
2023 · €5,004
Working capital
€127,386▲ 86.5%
2023 · €68,299
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line2021202220232024
Operating result€180,962--€11,049€9,751€77,440▲ 694%
Net result€140,067above the sector's middle half--€10,826below the sector's middle half€5,004within the sector's middle half€58,594above the sector's middle half▲ 1,071%
Equity€147,267above the sector's middle half-€135,641above the sector's middle half▼ 7.9%€139,812above the sector's middle half▲ 3.1%€198,406above the sector's middle half▲ 41.9%
Total assets€229,738within the sector's middle half-€377,665above the sector's middle half▲ 64.4%€394,451above the sector's middle half▲ 4.4%€479,142above the sector's middle half▲ 21.5%
Debt€82,471-€242,024▲ 193%€254,639▲ 5.2%€280,736▲ 10.2%
Working capital€121,560above the sector's middle half-€58,382within the sector's middle half▼ 52.0%€68,299within the sector's middle half▲ 17.0%€127,386above the sector's middle half▲ 86.5%
Solvency64.1%above the sector's middle half-35.9%within the sector's middle half▼ 28.2pp35.4%within the sector's middle half▼ 0.5pp41.4%within the sector's middle half▲ 6.0pp
Current ratio2.47within the sector's middle half-1.62within the sector's middle half▼ 0.851.59within the sector's middle half▼ 0.031.85within the sector's middle half▲ 0.26
Return on assets (ROA)61.0%above the sector's middle half--2.9%below the sector's middle half▼ 63.8pp1.3%within the sector's middle half▲ 4.1pp12.2%within the sector's middle half▲ 11.0pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 694% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €479,142
Fixed assets
€202,018 ▼ 4.4%
Current assets
€277,124 ▲ 51.2%
Equity and liabilities €479,142
Equity
€198,406 ▲ 41.9%
Debt
€280,736 ▲ 10.2%
Debt's share of the balance-sheet total falls from 64.6% to 58.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92,521▲
2023 · €27,993
Cash flow
€73,676▲
2023 · €23,246
Debt to equity
1.41▼
2023 · 1.82
ROE
29.5%▲
2023 · 3.6%
Interest coverage
15.22▲
2023 · 4.04
Debt ≤ 1 year
€149,738▲
2023 · €114,941
Debt > 1 year
€130,998▼
2023 · €139,699
Income taxes
€14,935
Staff costs
€4,699
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% 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 497,662 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% | 1.7% |
| 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 75% 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 6,778 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €4,699 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,197 | €35,766 | €18,242 | €15,081 | ▼ 17.3% |
| Other operating charges640/8 | €3,189 | €1,877 | €2,015 | €1,967 | ▼ 2.4% |
| Non-recurring operating charges66A | - | €5,250 | €1,194 | - | - |
| Gross operating margin9900 | €191,348 | €31,844 | €31,202 | €99,187 | ▲ 218% |
| Operating profit (loss)9901 | €180,962 | -€11,049 | €9,751 | €77,440 | ▲ 694% |
| Financial income75/76B | €345 | €1,592 | €2,174 | €2,170 | ▼ 0.2% |
| Recurring financial income75 | €345 | €1,592 | €2,174 | €2,170 | ▼ 0.2% |
| Financial charges65/66B | €612 | €1,369 | €6,922 | €6,081 | ▼ 12.1% |
| Recurring financial charges65 | €612 | €1,369 | €6,922 | €6,081 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €180,695 | -€10,826 | €5,004 | €73,529 | ▲ 1,369% |
| Income taxes67/77 | €40,627 | - | - | €14,935 | - |
| Profit (loss) for the period9904 | €140,067 | -€10,826 | €5,004 | €58,594 | ▲ 1,071% |
| Profit (loss) for the period to be appropriated9905 | €140,067 | -€10,826 | €5,004 | €58,594 | ▲ 1,071% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €229,738 | €377,665 | €394,451 | €479,142 | ▲ 21.5% |
| Fixed assets21/28 | €25,707 | €225,348 | €211,211 | €202,018 | ▼ 4.4% |
| Tangible fixed assets22/27 | €25,707 | €225,348 | €211,211 | €202,018 | ▼ 4.4% |
| Land and buildings22 | - | €208,251 | €199,851 | €191,451 | ▼ 4.2% |
| Plant, machinery and equipment23 | - | €4,116 | €5,471 | €4,090 | ▼ 25.2% |
| Furniture and vehicles24 | €25,707 | €12,981 | €5,889 | €6,477 | ▲ 10.0% |
| Current assets29/58 | €204,031 | €152,317 | €183,240 | €277,124 | ▲ 51.2% |
| Amounts receivable after more than one year29 | €40,000 | €80,500 | €80,500 | €80,500 | = |
| Other amounts receivable291 | €40,000 | €80,500 | €80,500 | €80,500 | = |
| Amounts receivable within one year40/41 | €35,193 | €65,211 | €83,900 | €173,096 | ▲ 106% |
| Trade receivables40 | €12,506 | €62,890 | €80,779 | €161,023 | ▲ 99.3% |
| Other amounts receivable41 | €22,687 | €2,321 | €3,121 | €12,073 | ▲ 287% |
| Cash at bank and in hand54/58 | €127,163 | €3,444 | €13,262 | €10,885 | ▼ 17.9% |
| Deferred charges and accrued income490/1 | €1,674 | €3,161 | €5,578 | €12,643 | ▲ 127% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €229,738 | €377,665 | €394,451 | €479,142 | ▲ 21.5% |
| Equity10/15 | €147,267 | €135,641 | €139,812 | €198,406 | ▲ 41.9% |
| Contributions10/11 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Profit (loss) carried forward14 | €139,267 | €127,641 | €131,812 | €190,406 | ▲ 44.5% |
| Amounts payable17/49 | €82,471 | €242,024 | €254,639 | €280,736 | ▲ 10.2% |
| Amounts payable after more than one year17 | - | €148,089 | €139,699 | €130,998 | ▼ 6.2% |
| Financial debts170/4 | - | €148,089 | €139,699 | €130,998 | ▼ 6.2% |
| Amounts payable within one year42/48 | €82,471 | €93,935 | €114,941 | €149,738 | ▲ 30.3% |
| Current portion of amounts payable after more than one year42 | - | €8,091 | €8,390 | €8,701 | ▲ 3.7% |
| Trade debts44 | €34,838 | €31,096 | €64,653 | €100,929 | ▲ 56.1% |
| Suppliers440/4 | €34,838 | €31,096 | €64,653 | €100,929 | ▲ 56.1% |
| Taxes, remuneration and social security45 | €42,408 | €43,621 | €1,450 | €13,984 | ▲ 864% |
| Taxes450/3 | €42,408 | €43,621 | €1,450 | €9,330 | ▲ 543% |
| Remuneration and social security454/9 | - | - | - | €4,653 | - |
| Other amounts payable47/48 | €5,225 | €11,127 | €40,447 | €26,125 | ▼ 35.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €140,067 | -€10,826 | €5,004 | €58,594 | ▲ 1,071% |
| + Depreciation and write-downs630 | €7,197 | €35,766 | €18,242 | €15,081 | ▼ 17.3% |
| Operating cash flow (approximation) | €147,264 | €24,940 | €23,246 | €73,676 | ▲ 217% |
| Investment in fixed assets (approximation) | - | -€235,407 | -€4,105 | -€5,888 | ▼ 43.5% |
| Change in cash | - | -€123,719 | €9,818 | -€2,378 | ▼ 124% |
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
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Equity above €150,000Eq €198,406 ▲41.9%
2 profitable years in a row build equity to €198,406.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
31-12
Financial
Back to profitnet €5,004
Net result €5,004 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€10,826
Net result drops to -€10,826, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Namur · 1 establishment unit since 2020
Ground area
746 m²
Building footprint
34 m²
Volume, LiDAR
157 m³
Parcel 92010B0304/00C002, Wallonia · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Avenue Jean Pochet(BL) 40, 5001 Namur
since 20202.305.494.020
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92010B0304/00C002 | Wallonia | 746 m² | 1 · 34 m² | 6.1 m · 1 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.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,128 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
Founded26-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43910Bricklaying and masonry work
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749443576
Also
9925:BE0749443576
Registered
03-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.