AD Project
Open bankruptcySummary
A bankruptcy procedure is open for AD Project according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €92,569 and a net result of €53,171.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Tongeren division
- Declared bankrupt
- 5 March 2024
- Supervising judge
- Patrick Poncelet
- Official Gazette
- 11-03-2024 (pdf) ↗search the document for 2024/110092
Deadlines
- Provisional date payments stopped
- 5 March 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 26 March 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 4 April 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 16 April 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 5 March 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Cecile NoelmansMoerenstraat 33, 3700 Tongerencnoelmans@noelmansadv.be
- Catherine Noel- MansMoerenstraat 33, 3700 Tongerencatherine.noelmans@noelmansadv.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 30-01-2023, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
1 d early
2021
8 d late
2020
26 d late
2019
100 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Roofing work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€92,569▲ 135%
2021 · €39,398
Total assets
€176,143▲ 167%
2021 · €65,865
Net result
€53,171▲ 301%
2021 · €13,264
Working capital
€82,473▲ 102%
2021 · €40,898
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€4,005-€3,587▼ 10.4%€22,430▲ 525%€81,135▲ 262%
Net result€3,876-€3,587within the sector's middle half▼ 7.5%€13,264within the sector's middle half▲ 270%€53,171above the sector's middle half▲ 301%
Equity€22,547-€26,134within the sector's middle half▲ 15.9%€39,398within the sector's middle half▲ 50.8%€92,569within the sector's middle half▲ 135%
Total assets€23,879-€26,971below the sector's middle half▲ 12.9%€65,865below the sector's middle half▲ 144%€176,143within the sector's middle half▲ 167%
Debt€1,332-€837▼ 37.2%€26,467▲ 3,062%€83,574▲ 216%
Working capital€22,547-€26,134▲ 15.9%€40,898▲ 56.5%€82,473▲ 102%
Solvency94.4%-96.9%above the sector's middle half▲ 2.5pp59.8%within the sector's middle half▼ 37.1pp52.6%within the sector's middle half▼ 7.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 262% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €176,143
Fixed assets
€11,596
Current assets
€164,548
Equity and liabilities €176,143
Equity
€92,569 ▲ 135%
Debt
€83,574 ▲ 216%
Debt's share of the balance-sheet total rises from 40.2% to 47.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€83,120
Cash flow
€55,155
Current ratio
2.00▼
2021 · 2.64
Debt to equity
0.90
ROE
57.4%▲
2021 · 33.7%
ROA
30.2%▲
2021 · 20.1%
Interest coverage
363.75
Debt ≤ 1 year
€82,074▲
2021 · €24,967
Income taxes
€28,982▲
2021 · €9,506
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €343 | - | - | €1,984 | - |
| Other operating charges640/8 | - | - | - | €3,413 | - |
| Non-recurring operating charges66A | - | - | - | €950 | - |
| Gross operating margin9900 | €4,348 | €17,587 | €26,602 | €87,483 | ▲ 229% |
| Operating profit (loss)9901 | €4,005 | €3,587 | €22,430 | €81,135 | ▲ 262% |
| Financial income75/76B | - | - | - | €1,247 | - |
| Recurring financial income75 | - | - | €500 | €1,247 | ▲ 149% |
| Financial charges65/66B | - | - | - | €229 | - |
| Recurring financial charges65 | €129 | - | €161 | €229 | ▲ 42.1% |
| Profit (loss) for the period before taxes9903 | €3,876 | €3,587 | €22,770 | €82,153 | ▲ 261% |
| Income taxes67/77 | - | - | €9,506 | €28,982 | ▲ 205% |
| Profit (loss) for the period9904 | €3,876 | €3,587 | €13,264 | €53,171 | ▲ 301% |
| Profit (loss) for the period to be appropriated9905 | €3,876 | €3,587 | €13,264 | €53,171 | ▲ 301% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €23,879 | €26,971 | €65,865 | €176,143 | ▲ 167% |
| Fixed assets21/28 | - | - | - | €11,596 | - |
| Tangible fixed assets22/27 | - | - | - | €11,366 | - |
| Plant, machinery and equipment23 | - | - | - | €5,714 | - |
| Furniture and vehicles24 | - | - | - | €5,652 | - |
| Financial fixed assets28 | - | - | - | €230 | - |
| Current assets29/58 | €23,879 | €26,971 | €65,865 | €164,548 | ▲ 150% |
| Amounts receivable after more than one year29 | - | - | - | €57,650 | - |
| Other amounts receivable291 | - | - | - | €57,650 | - |
| Amounts receivable within one year40/41 | €16,878 | €26,971 | €15,495 | €58,665 | ▲ 279% |
| Trade receivables40 | - | - | - | €39,493 | - |
| Other amounts receivable41 | - | - | - | €19,172 | - |
| Cash at bank and in hand54/58 | €7,001 | - | €371 | €48,233 | ▲ 12,912% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €23,879 | €26,971 | €65,865 | €176,143 | ▲ 167% |
| Equity10/15 | €22,547 | €26,134 | €39,398 | €92,569 | ▲ 135% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €3,947 | €7,534 | €20,798 | €73,969 | ▲ 256% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €72,109 | - |
| Amounts payable17/49 | €1,332 | €837 | €26,467 | €83,574 | ▲ 216% |
| Amounts payable within one year42/48 | €1,332 | €837 | €24,967 | €82,074 | ▲ 229% |
| Trade debts44 | €1,332 | €837 | €5,303 | €46,890 | ▲ 784% |
| Suppliers440/4 | - | - | - | €46,890 | - |
| Taxes, remuneration and social security45 | - | - | - | €24,284 | - |
| Taxes450/3 | - | - | - | €24,284 | - |
| Other amounts payable47/48 | - | - | - | €10,900 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,500 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,876 | €3,587 | €13,264 | €53,171 | ▲ 301% |
| + Depreciation and write-downs630 | €343 | - | - | €1,984 | - |
| Operating cash flow (approximation) | €4,219 | €3,587 | €13,264 | €55,155 | ▲ 316% |
| Change in cash | - | - | - | €47,862 | - |
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
2024
11-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 05-03-2024
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €53,171 ▲301%
Operating result €81,135, net result €53,171, both a record.
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-06
Financial
Weakest financial yearnet €3,587 ▼7.5%
Net result drops to €3,587, the lowest in the series.
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 120 days late
29-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 423 days late
2015
30-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
02-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 122 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Bree · 1 establishment unit since 2010
Ground area
1,032 m²
Building footprint
316 m²
Volume, LiDAR
1,815 m³
2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
AD Project
since 20102.188.621.490
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72402A0340/00C002 | Flanders | 693 m² | 1 · 170 m² | 9.6 m · 1 fl. |
| 71327G0386/00B003 | Flanders | 339 m² | 1 · 146 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CECILE NOELMANS MOERENSTRAAT 33,
3700 TONGEREN |
05-03-2024 → present |
| Curator | CATHERINE NOEL-
MANS MOERENSTRAAT 33, 3700 TONGEREN- |
05-03-2024 → present |
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Of 8,576 companies in sector 43410 we hold annual accounts for 4,367. 3,814 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-01-2010
Fiscal year end30-06
Activities, NACEBEL 2025
43410Roofing work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
70200Business and other management consultancy
71112Activities of interior architects
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.