AD CONSTRUCT
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-05-2022, 68 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
68 d early
2020
31 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 52 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€6.5m▲ 503%
2020 · €1.1m
Total assets
€12.2m▲ 79.6%
2020 · €6.8m
Net result
€2.5m▲ 689,885%
2020 · €364
Working capital
€2.3m
2020 · -€2.2m
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
Line2018201920202021
Operating result€58,023-€218,982▲ 277%-€15,403€3.3m
Net result€13,602-€132,009▲ 871%€364▼ 99.7%€2.5m▲ 689,885%
Equity€966,728-€1.1m▲ 12.2%€1.1m=€6.5m▲ 503%
Total assets€4.4m-€4.5m▲ 1.4%€6.8m▲ 50.4%€12.2m▲ 79.6%
Debt€3.5m-€3.4m▼ 1.6%€5.7m▲ 66.4%€4.6m▼ 18.6%
Working capital-€317,431--€219,967▲ 30.7%-€2.2m▼ 909%€2.3m
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 2021: €3.3m after a loss of €15,403 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €12.2m
Fixed assets
€5.5m ▼ 6.0%
Current assets
€6.7m ▲ 610%
Equity and liabilities €12.2m
Equity
€6.5m ▲ 503%
Provisions
€983,507
Debt
€4.6m ▼ 18.6%
Debt's share of the balance-sheet total falls from 84.0% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.3m▲
2020 · €64,226
Cash flow
€2.5m▲
2020 · €79,993
Current ratio
1.51▲
2020 · 0.30
Debt to equity
0.71▼
2020 · 2.33
ROE
38.4%▲
2020 · 0.0%
ROA
20.6%▲
2020 · 0.0%
Interest coverage
35.56
Debt ≤ 1 year
€4.4m▲
2020 · €3.2m
Debt > 1 year
€218,663▼
2020 · €2.5m
Income taxes
€674,875▲
2020 · -€44,941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3.8m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74,655 | €74,655 | €79,629 | €26,899 | ▼ 66.2% |
| Other operating charges640/8 | - | - | - | €21,509 | - |
| Non-recurring operating charges66A | - | - | - | €200,180 | - |
| Gross operating margin9900 | €176,714 | €357,358 | €128,326 | €3.5m | ▲ 2,626% |
| Operating profit (loss)9901 | €58,023 | €218,982 | -€15,403 | €3.3m | ▲ 21,201% |
| Financial income75/76B | - | - | - | €28,015 | - |
| Recurring financial income75 | €24,960 | €26,289 | €39,457 | €28,015 | ▼ 29.0% |
| Financial charges65/66B | - | - | - | €92,164 | - |
| Recurring financial charges65 | €69,168 | €64,883 | €68,631 | €92,164 | ▲ 34.3% |
| Profit (loss) for the period before taxes9903 | €13,815 | €180,387 | -€44,577 | €3.2m | ▲ 7,247% |
| Income taxes67/77 | €214 | €48,379 | -€44,941 | €674,875 | ▲ 1,602% |
| Profit (loss) for the period9904 | €13,602 | €132,009 | €364 | €2.5m | ▲ 689,885% |
| Profit (loss) for the period to be appropriated9905 | €13,602 | €132,009 | €364 | €2.5m | ▲ 689,885% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4.4m | €4.5m | €6.8m | €12.2m | ▲ 79.6% |
| Fixed assets21/28 | €3.4m | €3.3m | €5.8m | €5.5m | ▼ 6.0% |
| Tangible fixed assets22/27 | €2.9m | €2.8m | €4.6m | €418,628 | ▼ 90.9% |
| Land and buildings22 | - | - | - | €358,974 | - |
| Plant, machinery and equipment23 | - | - | - | €794 | - |
| Furniture and vehicles24 | - | - | - | €58,860 | - |
| Financial fixed assets28 | €521,126 | €521,126 | €1.2m | €5.1m | ▲ 311% |
| Current assets29/58 | €1.1m | €1.2m | €940,588 | €6.7m | ▲ 610% |
| Amounts receivable within one year40/41 | €1.0m | €1.1m | €862,756 | €4.4m | ▲ 413% |
| Trade receivables40 | - | - | - | €30,694 | - |
| Other amounts receivable41 | - | - | - | €4.4m | - |
| Cash at bank and in hand54/58 | €12,945 | €48,922 | €75,303 | €2.2m | ▲ 2,886% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4.4m | €4.5m | €6.8m | €12.2m | ▲ 79.6% |
| Equity10/15 | €966,728 | €1.1m | €1.1m | €6.5m | ▲ 503% |
| Contributions10/11 | €799,579 | €799,579 | €799,579 | €799,579 | = |
| Capital10 | - | - | - | €799,579 | - |
| Issued capital100 | - | - | - | €799,579 | - |
| Reserves13 | €167,149 | €285,275 | €285,639 | €5.7m | ▲ 1,912% |
| Non-distributable reserves130/1 | - | - | - | €52,932 | - |
| Legal reserve130 | - | - | - | €52,932 | - |
| Tax-exempt reserves132 | - | - | - | €3.0m | - |
| Distributable reserves133 | - | - | - | €2.7m | - |
| Provisions and deferred taxes16 | - | - | - | €983,507 | - |
| Deferred taxes168 | - | - | - | €983,507 | - |
| Amounts payable17/49 | €3.5m | €3.4m | €5.7m | €4.6m | ▼ 18.6% |
| Amounts payable after more than one year17 | €2.1m | €2.0m | €2.5m | €218,663 | ▼ 91.3% |
| Financial debts170/4 | - | - | - | €218,663 | - |
| Amounts payable within one year42/48 | €1.4m | €1.4m | €3.2m | €4.4m | ▲ 39.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €34,812 | - |
| Financial debts43 | - | - | - | €1.6m | - |
| Credit institutions430/8 | - | - | - | €1.6m | - |
| Trade debts44 | €5,127 | €27,094 | €27,129 | €2,445 | ▼ 91.0% |
| Suppliers440/4 | - | - | - | €2,445 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,380 | - |
| Taxes450/3 | - | - | - | €1,380 | - |
| Other amounts payable47/48 | - | - | - | €2.8m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,602 | €132,009 | €364 | €2.5m | ▲ 689,885% |
| + Depreciation and write-downs630 | €74,655 | €74,655 | €79,629 | €26,899 | ▼ 66.2% |
| Operating cash flow (approximation) | €88,257 | €206,664 | €79,993 | €2.5m | ▲ 3,073% |
| Investment in fixed assets (approximation) | - | €0 | -€2.6m | €321,006 | ▲ 112% |
| Change in cash | - | €35,977 | €26,381 | €2.2m | ▲ 8,138% |
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
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €2.5m ▲689,885%
Operating result €3.3m, net result €2.5m, both a record.
31-12
Financial
Liquidity times 5current ratio 1.51
Current ratio from 0.30 to 1.51.
31-12
Financial
Equity above €5mEq €6.5m ▲503%
4 profitable years in a row build equity to €6.5m.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €364 ▼99.7%
Net result drops to €364, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €1mEq €1.1m ▲12.2%
2 profitable years in a row build equity to €1.1m.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Show earlier events
2015
29-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
20-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
29-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 3
-
99%
-
50%
-
33.33%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
30%
According to the 2021 annual accounts of AD CONSTRUCT and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.