AD Project
The computed 12-month bankruptcy probability of AD Project is 2.3% (moderate). The 2025 annual accounts show equity of €2k and a net result of €851. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 436 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €2k |
| Net result | €851 |
| Staff (FTE) | 1.9 |
| Better than sector | 10% |
Mixed profile: strong on profitability, weaker on solvency.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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 | 0.9% | 38.6% | |
| Net result | €851 | €13k | |
| Equity | €2k | €38k | |
| Gross operating margin | €118k | €50k | |
| Staff costs | €86k | €38k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €31k |
| Net profit | €851 |
| Cash flow | €23k |
| Staff costs | €86k |
| Income taxes | - |
| Dividends | - |
| Total assets | €177k |
| Equity | €2k |
| Debt | €175k |
| of which ≤ 1y | €127k |
| of which > 1y | €49k |
| Working capital | €-49k |
| Employees (FTE) | 1.9 |
| 2025 | |
|---|---|
| Current ratio | 0.61 |
| Quick ratio | 0.42 |
| Working capital ratio | -27.7% |
| Solvency | 0.9% |
| Debt / equity | 109.30 |
| Long-term debt ratio | 30.25 |
| Interest coverage | 3.85 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.5% |
| ROE | 53.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €177k |
| Fixed assets | 21/28 | €99k |
| Intangible fixed assets | 21 | €72k |
| Tangible fixed assets | 22/27 | €16k |
| Financial fixed assets | 28 | €11k |
| Current assets | 29/58 | €78k |
| Stocks & contracts in progress | 3 | €25k |
| Amounts receivable within one year | 40/41 | €44k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €177k |
| Equity | 10/15 | €2k |
| Reserves | 13 | €3k |
| Accumulated profits (losses) | 14 | €-2k |
| Amounts payable | 17/49 | €175k |
| Amounts payable after one year | 17 | €49k |
| Amounts payable within one year | 42/48 | €127k |
| Trade debts payable within one year | 44 | €13k |
| Income statement | ||
| Gross operating margin | 9900 | €118k |
| Operating result | 9901 | €9k |
| Financial income | 75 | €19 |
| Financial charges | 65 | €8k |
| Result before taxes | 9903 | €851 |
| Net result for the period | 9904 | €851 |
| Result to be appropriated | 9905 | €851 |
-
ALGEMENE WERKEN ARTHUR VERMEULENLegal entityDirector· perm. rep.: Arthur VermeulenState Gazette act 22378141 (02-12-2022)Current02-12-2022 → present
2 events
- 02-12-2022 Resigned· Manager
- 02-12-2022 Appointed· Director
Former directors (1)
-
DAVERMANLegal entityManager· perm. rep.: Dave VerbovenState Gazette act 22378141 (02-12-2022)Former- → 02-12-2022
| NACE primary | Cleaning & landscape services(81300) |
| Legal form | Private limited company(610) |
| Incorporation | 24-12-2021 |
| Status | Active |
| Postal code | 2390 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049C0026/00S002 | Flanders | 1,262 m² | 1 · 223 m² | 9.2 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
05-05-2026 General meeting · Seat change · Officer appointment · Act object
- Filing: 2026-04-12 · AD Project
- Publication: 2026-05-05 · AD Project
- General meeting: 2026-03-11 · AD Project
- Seat change: to: Antwerpsesteenweg 376 te 2390 Westmalle, from: Oostmalsebaan 14 bus H- 2960 Brecht, effective_date: 2026-03-11 · AD Project
- Officer appointment: role: bestuurder · Arthur Vermeulen
- Act object: Wijziging maatschappelijke zetel
Technical details
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}04-12-2023 Registered office moved from Lille to Brecht
- Wechelsebaan 138, 2275 Lille → Oostmalsebaan 14H, 2960 Brecht
Technical details
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}02-12-2022 1 director appointed, 2 resigning
- Arthur Vermeulen, Bestuurder
- Dave Verboven, Zaakvoerder
- Arthur Vermeulen, Zaakvoerder
Technical details
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}28-12-2021 Incorporation of a new VZW
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | AD Project |