AD-POL
AD-POL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €109k and a net result of €-18k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 52% of 36382 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
| Equity | €109k |
| Net result | €-18k |
| Better than sector | 52% |
| Active | 15 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 48.4% | 46.6% | |
| Net result | €-18k | €9k | |
| Equity | €109k | €58k | |
| Gross operating margin | €-8k | €38k | |
| Total assets | €224k | €140k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | €352k | €475k |
| EBITDA | €-8k | €31k | €-10k | €25k | €-20k |
| Net profit | €-18k | €19k | €-8k | €25k | €63k |
| Cash flow | €-8k | €26k | €-3k | €33k | €69k |
| Staff costs | - | - | - | - | - |
| Income taxes | - | €4k | - | €4k | €5k |
| Dividends | - | - | - | - | - |
| Total assets | €224k | €221k | €123k | €151k | €160k |
| Equity | €109k | €126k | €107k | €115k | €90k |
| Debt | €116k | €95k | €16k | €36k | €70k |
| of which ≤ 1y | €116k | €95k | €16k | €36k | €69k |
| of which > 1y | - | - | - | - | - |
| Working capital | €84k | €92k | €96k | €99k | €68k |
| Employees (FTE) | - | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 1.73 | 1.97 | 6.94 | 3.71 | 1.98 |
| Quick ratio | 1.73 | 1.97 | 6.94 | 3.71 | 1.98 |
| Working capital ratio | 37.5% | 41.7% | 77.8% | 65.2% | 42.3% |
| Solvency | 48.4% | 57.1% | 86.9% | 76.0% | 56.3% |
| Debt / equity | 1.07 | 0.75 | 0.15 | 0.32 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -139.03 | 110.46 | -43.99 | 49.17 | - |
| Gross margin | - | - | - | 7.2% | - |
| Net margin | - | - | - | 7.0% | 13.4% |
| ROA | -7.9% | 8.7% | -6.5% | 16.3% | 39.6% |
| ROE | -16.3% | 15.2% | -7.4% | 21.5% | 70.3% |
| EBITDA margin | - | - | - | 7.2% | -4.1% |
| Days sales outstanding | - | - | - | 5d | 101d |
| Days payable outstanding | - | - | - | 16d | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €224k | €221k | €123k | €151k | €160k |
| Fixed assets | 21/28 | €24k | €34k | €11k | €16k | €24k |
| Tangible fixed assets | 22/27 | €24k | €34k | €11k | €16k | €23k |
| Financial fixed assets | 28 | €250 | €250 | €250 | €250 | €250 |
| Current assets | 29/58 | €200k | €187k | €112k | €135k | €137k |
| Amounts receivable within one year | 40/41 | €200k | €187k | €111k | €134k | €132k |
| Cash & bank | 54/58 | €72 | - | - | - | €4k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €224k | €221k | €123k | €151k | €160k |
| Equity | 10/15 | €109k | €126k | €107k | €115k | €90k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €21k | €21k | €21k | €21k | €21k |
| Accumulated profits (losses) | 14 | €82k | €99k | €80k | €88k | €63k |
| Amounts payable | 17/49 | €116k | €95k | €16k | €36k | €70k |
| Amounts payable within one year | 42/48 | €116k | €95k | €16k | €36k | €69k |
| Trade debts payable within one year | 44 | €114k | €67k | €11k | €14k | €40k |
| Income statement | ||||||
| Turnover | 70 | - | - | - | €352k | €475k |
| Gross operating margin | 9900 | €-8k | €32k | €-10k | €26k | €-16k |
| Operating result | 9901 | €-18k | €24k | €-15k | €17k | €-26k |
| Financial income | 75 | - | - | €7k | €12k | - |
| Financial charges | 65 | €56 | €281 | €223 | €517 | €534 |
| Result before taxes | 9903 | €-18k | €24k | €-8k | €28k | €-15k |
| Income taxes | 67/77 | - | €4k | - | €4k | €5k |
| Net result for the period | 9904 | €-18k | €19k | €-8k | €25k | €-19k |
| Result to be appropriated | 9905 | €-18k | €19k | €-8k | €25k | €-19k |
-
Current01-10-2023 → present
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Current01-10-2023 → present
-
Current01-10-2023 → present
2 events
- 15-05-2026 Appointed· Director
- 01-10-2023 Appointed· Director
Historic, not recently confirmed (1)
-
Not recently confirmedlast confirmed in an act from 2018
| NACE primary | Bricklaying and masonry work(43910) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 22-09-2010 |
| Status | Active |
| Postal code | 5334 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92044A0167/00B000 | Wallonia | 1,123 m² | 1 · 76 m² | - |
| 92044A0205/00F002 | Wallonia | 343 m² | 1 · 76 m² | - |
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
15-05-2026 Officer resignation · Act object
- Filing: 2026-05-05 · AD-POL
- Publication: 2026-05-15 · AD-POL
- Officer resignation: role: administrateur, effective_date: 2026-04-20 · Osmólski Maciej
- Act object: Démission d'un administrateur
Technical details
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"quote": "D\u00E9pos\u00E9 au Sreffe du fribunal de l\u0027entreprise de Li\u00E8ge - division Namur 05 MAI 2026",
"value": "2026-05-05",
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{
"type": "publication",
"quote": "Bijlagen bij het Belgisch Staatsblad - 15/05/2026 - Annexes du Moniteur belge",
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{
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}15-10-2025 Change in the board of directors
Technical details
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}26-10-2023 3 directors appointed
- Osmolski Maciej, Bestuurder
- Jakubowski Kamil, Bestuurder
- Kuczynski Karol, Bestuurder
Technical details
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}28-05-2020 Change in the board of directors
Technical details
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}24-04-2018 Registered office moved from Assesse to Floree
- Rue de Rowis 2, 5334 Assesse → Chaussée de Dinant 15, 5334 Floree
Technical details
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}| Legal nameFR | AD-POL |