AD ISOLATION SCS
ActiveThe computed 12-month bankruptcy probability of AD ISOLATION SCS is 3.9% (moderate). The 2024 annual accounts show equity of €32k and a net result of €-21k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 27% of 9982 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-1
Solvency28▲+3
Growth32▼-20
Stability84
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.14 against 1.13 in 2023), and 80% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20%
Return on assets
-13.1%
Age of the figures
20 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
483 d late
2022
849 d late
2021
1214 d late
2020
61 d late
2019
228 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Late accounts filingStrikeout withdrawn
Financials · fiscal year 2024, micro schema
Equity
€32k▼ 40.7%
2023 · €53k
2018: €52k
2019: €57k
2020: €56k
2021: €50k
2022: €53k
2023: €53k
2018 → 2024
Total assets
€158k▼ 53.0%
2023 · €336k
2018: €236k
2019: €192k
2020: €300k
2021: €233k
2022: €241k
2023: €336k
2018 → 2024
Net result
€-21k
2023 · €79
2018: €5k
2019: €5k
2020: €-2k
2021: €-6k
2022: €3k
2023: €79
2018 → 2024
Working capital
€18k▼ 49.2%
2023 · €36k
2018: €32k
2019: €27k
2020: €124k
2021: €34k
2022: €25k
2023: €36k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€56k-€50k▼ 10.3%€53k▲ 5.8%€53k▲ 0.4%€32k▼ 40.7%
Operating result€-96-€-2k▼ 2,349%€4k€81▼ 97.9%€-17k
Net result€-2k-€-6k▼ 264%€3k€79▼ 97.3%€-21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €17k after €81 in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €158k
Fixed assets
€13k▼ 23.2%
Current assets
€144k▼ 54.7%
Equity and liabilities €158k
Equity
€32k▼ 40.7%
Debt
€126k▼ 55.4%
The debt ratio falls from 84.2% to 80.0%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-13k▼
2023 · €11k
Cash flow
€-16k▼
2023 · €11k
Solvency
20.0%▲
2023 · 15.8%
Current ratio
1.14▲
2023 · 1.13
Quick ratio
1.14▲
2023 · 1.13
Debt / equity
4.00▼
2023 · 5.32
ROE
-65.3%▼
2023 · 0.1%
ROA
-13.1%▼
2023 · 0.0%
Interest coverage
-14.10▼
2023 · 61.40
Debt
€126k▼
2023 · €283k
Debt ≤ 1 year
€126k▼
2023 · €283k
Income taxes
€3k
Staff costs
€394
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€336k€158k▼
Formation expenses20€0€0=
Fixed assets21/28€17k€13k▼
Tangible fixed assets22/27€14k€9k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€12k€8k▼
Leasing and similar rights25€0€261▲
Financial fixed assets28€4k€4k=
Current assets29/58€318k€144k▼
Amounts receivable within one year40/41€294k€123k▼
Trade receivables40€294k€122k▼
Other amounts receivable41€297€1k▲
Cash at bank and in hand54/58€22k€21k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€336k€158k▼
Equity10/15€53k€32k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€45k€23k▼
Amounts payable17/49€283k€126k▼
Amounts payable within one year42/48€283k€126k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€246k€88k▼
Suppliers440/4€246k€88k▼
Advances received on contracts in progress46€37k€38k▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€167€167=
Income statement
Code20232024
Remuneration, social security and pensions62-€394
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€4k▼
Other operating charges640/8€1k€7k▲
Gross operating margin9900€12k€-5k▼
Operating profit (loss)9901€81€-17k▼
Financial income75/76B€182-
Recurring financial income75€182-
Financial charges65/66B€184€890▲
Recurring financial charges65€184€890▲
Profit (loss) for the period before taxes9903€79€-18k▼
Income taxes67/77-€3k
Profit (loss) for the period9904€79€-21k▼
Profit (loss) for the period to be appropriated9905€79€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€23k▼
Profit (loss) brought forward from the previous period14P€45k€44k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-12
KBO administration
Strikeout withdrawn
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 483 days late
26-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 849 days late
26-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1214 days late
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
08-09
KBO administration
Late accounts filing
2024
31-12
Financial
Weakest financial yearnet €-21k ▼26156%
Net result drops to €-21k, the lowest in the series.
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 228 days late
2019
22-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 114 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2018
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-10-2018
A.M.P. Services: Resigned as Managing director
06-10-2018
Axel MAQUET: Resigned as Managing director
09-03-2016
De Araujo Ribeiro Davide: Resigned as Managing director
Location & real-estate footprint
Registered office, Grez-Doiceau · 1 establishment unit since 2013
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 des Prés 141390 Grez-DoiceauGround area
585 m²
Building footprint
47 m²
Volume, LiDAR
370 m³
Parcel 25001C0002/00K002, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AD Isolation
since 20132.220.911.505
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25001C0002/00K002 | Wallonia | 585 m² | 1 · 47 m² | 9.4 m · 3 fl. |
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.
Similar companies · same sector, comparable size
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MBITEC
BE 0719.323.591
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D.A. TRAVAUX
BE 1002.746.507
Namur · Eq €31k
DC IMMO
BE 0744.695.625
Herent · Eq €31k
ARBI CONSTRUCT
BE 0803.713.393
Dilbeek · Eq €31k
Of 29,535 companies in sector 41001 we hold annual accounts for 15,871. 12,355 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-06-2013
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43230Insulation installation
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.