AD CONSTRUCT & CIE
ActiveSummary
AD CONSTRUCT & CIE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€8,324) and a net result of €17,127. Equity is growing by ~44.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
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Signals
This company filed its last 3 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 516 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
A further 1.2% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 516 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €120,204 | €256,249 | €239,781 | ▼ 6.4% |
| Other operating charges640/8 | - | €588 | €807 | ▲ 37.2% |
| Gross operating margin9900 | €86,531 | €262,193 | €260,015 | ▼ 0.8% |
| Operating profit (loss)9901 | -€33,674 | €5,357 | €19,427 | ▲ 263% |
| Financial income75/76B | - | €168 | - | - |
| Recurring financial income75 | - | €168 | - | - |
| Financial charges65/66B | €122 | €180 | €2,300 | ▲ 1,176% |
| Recurring financial charges65 | €122 | €180 | €2,300 | ▲ 1,176% |
| Profit (loss) for the period before taxes9903 | -€33,796 | €5,345 | €17,127 | ▲ 220% |
| Profit (loss) for the period9904 | -€33,796 | €5,345 | €17,127 | ▲ 220% |
| Profit (loss) for the period to be appropriated9905 | -€33,796 | €5,345 | €17,127 | ▲ 220% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €515,366 | €906,796 | €1.5m | ▲ 70.4% |
| Current assets29/58 | €515,366 | €906,796 | €1.5m | ▲ 70.4% |
| Stocks and contracts in progress3 | €389,423 | €787,801 | €35,000 | ▼ 95.6% |
| Stocks30/36 | €389,423 | €787,801 | €35,000 | ▼ 95.6% |
| Amounts receivable within one year40/41 | €92,028 | €113,024 | €1.4m | ▲ 1,120% |
| Trade receivables40 | €50,000 | €23,746 | €1.4m | ▲ 5,611% |
| Other amounts receivable41 | €42,028 | €89,278 | €22,653 | ▼ 74.6% |
| Cash at bank and in hand54/58 | €33,915 | €3,526 | €131,024 | ▲ 3,615% |
| Deferred charges and accrued income490/1 | - | €2,444 | €251 | ▼ 89.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €515,366 | €906,796 | €1.5m | ▲ 70.4% |
| Equity10/15 | -€30,796 | -€25,451 | -€8,324 | ▲ 67.3% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€33,796 | -€28,451 | -€11,324 | ▲ 60.2% |
| Amounts payable17/49 | €546,162 | €932,247 | €1.6m | ▲ 66.6% |
| Amounts payable within one year42/48 | €546,162 | €932,247 | €1.6m | ▲ 66.6% |
| Trade debts44 | €79,288 | €86,162 | €137,901 | ▲ 60.0% |
| Suppliers440/4 | €79,288 | €86,162 | €137,901 | ▲ 60.0% |
| Taxes, remuneration and social security45 | €37,422 | €23,317 | €3,876 | ▼ 83.4% |
| Taxes450/3 | €49 | €1,914 | €13 | ▼ 99.3% |
| Remuneration and social security454/9 | €37,373 | €21,403 | €3,863 | ▼ 82.0% |
| Other amounts payable47/48 | €429,452 | €822,768 | €1.4m | ▲ 71.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,796 | €5,345 | €17,127 | ▲ 220% |
| Operating cash flow (approximation) | -€33,796 | €5,345 | €17,127 | ▲ 220% |
| Change in cash | - | -€30,389 | €127,498 | ▲ 520% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92009B0060/00P006 | Wallonia | 5,642 m² | 1 · 209 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
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Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.