AD Construct
ActiveThe computed 12-month bankruptcy probability of AD Construct is 2.3% (moderate). The 2025 annual accounts show equity of €7k and a net result of €1k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 17% of 7321 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
76
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▼-5
Solvency18▼-1
Growth58=
Stability94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.16 in 2024), and 90.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 7321 sector peers (2025).
NBB · sector comparisonPosition among 7321 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
64 d early
2024
13 d late
2023
30 d late
2022
116 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▲ 23.4%
2024 · €6k
2022: €9k
2023: €5k
2024: €6k
2022 → 2025
Total assets
€81k▼ 11.8%
2024 · €92k
2022: €71k
2023: €78k
2024: €92k
2022 → 2025
Net result
€1k▲ 4.0%
2024 · €1k
2022: €-525
2023: €-5k
2024: €1k
2022 → 2025
Working capital
€2k▼ 81.1%
2024 · €10k
2022: €43k
2023: €24k
2024: €10k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€9k-€5k▼ 50.6%€6k▲ 28.9%€7k▲ 23.4%
Operating result€-475-€-3k▼ 574%€3k€4k▲ 34.9%
Net result€-525-€-5k▼ 814%€1k€1k▲ 4.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 35% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81k
Fixed assets
€8k▼ 49.5%
Current assets
€73k▼ 4.0%
Equity and liabilities €81k
Equity
€7k▲ 23.4%
Debt
€74k▼ 14.3%
The debt ratio falls from 93.4% to 90.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€13k▲
2024 · €11k
Cash flow
€11k▲
2024 · €10k
Solvency
9.2%▲
2024 · 6.6%
Current ratio
1.03▼
2024 · 1.16
Quick ratio
1.02▼
2024 · 1.15
Debt / equity
9.90▼
2024 · 14.24
ROE
18.9%▼
2024 · 22.4%
ROA
1.7%▲
2024 · 1.5%
Interest coverage
15.16▲
2024 · 7.92
Debt
€74k▼
2024 · €86k
Debt ≤ 1 year
€71k▲
2024 · €66k
Debt > 1 year
€2k▼
2024 · €20k
Income taxes
€1k▲
2024 · €-9
Staff costs
€94k▼
2024 · €98k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€92k€81k▼
Fixed assets21/28€16k€8k▼
Tangible fixed assets22/27€15k€8k▼
Plant, machinery and equipment23€9k€3k▼
Furniture and vehicles24€6k€5k▼
Financial fixed assets28€300€300=
Current assets29/58€76k€73k▼
Stocks and contracts in progress3€650€620▼
Stocks30/36€650€620▼
Amounts receivable within one year40/41€28k€32k▲
Trade receivables40€25k€31k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€44k€40k▼
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€92k€81k▼
Equity10/15€6k€7k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-4k€-3k▲
Amounts payable17/49€86k€74k▼
Amounts payable after more than one year17€20k€2k▼
Financial debts170/4€20k€2k▼
Amounts payable within one year42/48€66k€71k▲
Current portion of amounts payable after more than one year42€42k€55k▲
Trade debts44€16k€8k▼
Suppliers440/4€16k€8k▼
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€3k€3k▼
Other amounts payable47/48€4k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€98k€94k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€112k€110k▼
Operating profit (loss)9901€3k€4k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€1k€844▼
Recurring financial charges65€1k€844▼
Profit (loss) for the period before taxes9903€1k€3k▲
Income taxes67/77€-9€1k▲
Profit (loss) for the period9904€1k€1k▲
Profit (loss) for the period to be appropriated9905€1k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-3k▲
Profit (loss) brought forward from the previous period14P€-5k€-4k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €1k ▲4%
Operating result €4k, net result €1k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 116 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Leuze-en-Hainaut · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Bois(L) 1417900 Leuze-en-HainautGround area
233 m²
Building footprint
43 m²
Parcel 57048C0090/00H004, Wallonia. Linked by address, not a title deed.
1 establishment unit
AD Construct
since 20212.321.884.149
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57048C0090/00H004 | Wallonia | 233 m² | 1 · 43 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 29,535 companies in sector 41001 we hold annual accounts for 15,872. 7,988 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-2021
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
43230Insulation installation
43291Specialised construction activities
43910Bricklaying and masonry work
43992Specialised construction activities
43994Specialised construction activities
81220Other building cleaning and industrial cleaning
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:adconstruct@oulook.be
Phone:+32474644690