AD TRANSFORMATION & RENOVATION
ActiveSummary
The computed 12-month bankruptcy probability of AD TRANSFORMATION & RENOVATION is 2.5% (moderate). The 2024 annual accounts show equity of €17k and a net result of €35k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 1290 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+82
Solvency30▲+13
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.5 against 0.76 in 2023; short-term debt: 24.8% and cash: 0% of total assets), and 95% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
5%
Return on assets
10.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 1290 sector peers (2024).
NBB · sector comparisonPosition among 1290 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
22 d early
2022
38 d early
2021
40 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€35k
2023 · €-52k
2021: €42
2022: €1k
2023: €-52k
2021 → 2024
Working capital
€41k
2023 · €-16k
2021: €142
2022: €2k
2023: €-16k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€142-€2k▲ 1,391%€-18k€17k
Operating result€62-€2k▲ 2,473%€-52k€57k
Net result€42-€1k▲ 2,460%€-52k€35k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €57k after a loss of €52k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €336k
Fixed assets
€211k ▲ 26.3%
Current assets
€125k ▲ 147%
Equity and liabilities €336k
Equity
€17k
Debt
€319k
Debt finances 95.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€64k▲
2023 · €-49k
Cash flow
€42k▲
2023 · €-49k
Current ratio
1.50▲
2023 · 0.76
Debt to equity
18.96▲
2023 · -12.88
ROE
208.9%
ROA
10.5%▲
2023 · -24.0%
Interest coverage
9.57▲
2023 · -354.92
Debt ≤ 1 year
€83k▲
2023 · €66k
Debt > 1 year
€236k▲
2023 · €170k
Income taxes
€15k▲
2023 · €1
Staff costs
€43k▲
2023 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€218k€336k▲
Fixed assets21/28€167k€211k▲
Tangible fixed assets22/27€167k€211k▲
Land and buildings22€167k€211k▲
Financial fixed assets28€363€363=
Current assets29/58€50k€125k▲
Amounts receivable within one year40/41€3k€41k▲
Trade receivables40€3k€41k▲
Other amounts receivable41€550-
Cash at bank and in hand54/58€47k€23▼
Deferred charges and accrued income490/1-€84k
Equity and liabilities
Total equity and liabilities10/49€218k€336k▲
Equity10/15€-18k€17k▲
Contributions10/11€33k€33k=
Reserves13-€13k
Distributable reserves133-€13k
Profit (loss) carried forward14€-51k€-29k▲
Amounts payable17/49€236k€319k▲
Amounts payable after more than one year17€170k€236k▲
Financial debts170/4€170k€236k▲
Amounts payable within one year42/48€66k€83k▲
Current portion of amounts payable after more than one year42-€14k
Trade debts44€981€15k▲
Suppliers440/4€981€15k▲
Taxes, remuneration and social security45€5k€31k▲
Taxes450/3€2k€22k▲
Remuneration and social security454/9€4k€10k▲
Other amounts payable47/48€60k€23k▼
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€6k€7k▲
Remuneration, social security and pensions62€30k€43k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Other operating charges640/8€22k€2k▼
Non-recurring operating charges66A-€124
Gross operating margin9900€3k€109k▲
Operating profit (loss)9901€-52k€57k▲
Financial charges65/66B€138€7k▲
Recurring financial charges65€138€7k▲
Profit (loss) for the period before taxes9903€-52k€51k▲
Income taxes67/77€1€15k▲
Profit (loss) for the period9904€-52k€35k▲
Profit (loss) for the period to be appropriated9905€-52k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-51k€-16k▲
Profit (loss) brought forward from the previous period14P€1k€-51k▼
Transfer to equity691/2-€13k
To other reserves6921-€13k
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-52k ▼4959%
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Charleroi · 1 establishment unit since 2020
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.
Chaussée de Courcelles 3506041 CharleroiGround area
919 m²
Building footprint
233 m²
Volume, LiDAR
1,985 m³
2 parcels, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AD TRANSFORMATION & RENOVATION
since 20202.328.531.025
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028D0008/00N000 | Wallonia | 756 m² | 1 · 171 m² | 11.0 m · 3 fl. |
| 52322B0346/00L053 | Wallonia | 163 m² | 1 · 61 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
AANNEMINGEN MUSSCHOOT
BE 1010.773.256
Jabbeke · Eq €16,824
TRIMI CONSTRUCTION
BE 0798.127.777
Assesse · Eq €16,823
ENTREPRISES MORLEGHEM - BLONDIAUX
BE 0406.718.327
Soignies · Eq €16,828
MG RENOV
BE 0873.986.727
Charleroi · Eq €16,820
AJ BUSINESS RENOVE
BE 0802.263.640
Vilvoorde · Eq €16,816
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 11,051 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2020
Fiscal year end31-12
Abbreviation FR
ADTR
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
41002Construction of residential and non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.