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ADA & FACADE

Active
Private limited companyfounded 20206 yrs activeRue Salzinnes les Moulins 117, 5000 Namur, BelgiumKBO/BCE: BE 0750.619.454
Summary

The computed 12-month bankruptcy probability of ADA & FACADE is 2.5% (moderate). The 2024 annual accounts show equity of €101,813 and a net result of €3,181. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 5897 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
Axes · tick = 2023
Profitability42▼-16
Solvency84▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.39 against 4.17 in 2023; short-term debt: 41.4% and cash: 3.3% of total assets), and 41.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
58.6%
Return on assets
1.8%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-11-2025, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
118 d late
2023
30 d late
2022
270 d late
2021
635 d late
← 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 263 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ADA & FACADE was incorporated on 14 July 2020 as a Private limited company.1 Total assets rose from EUR 78,407 in 2021 to EUR 173,794 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€101,813▲ 3.2%
2023 · €98,632
Total assets
€173,794▲ 35.1%
2023 · €128,657
Net result
€3,181
2023 · -€1,226
Working capital
€100,031▲ 5.0%
2023 · €95,293
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line2021202220232024
Operating result€75,174-€50,518▼ 32.8%€3,360▼ 93.3%€3,520▲ 4.8%
Net result€58,097above the sector's middle half-€38,761above the sector's middle half▼ 33.3%-€1,226below the sector's middle half€3,181within the sector's middle half
Equity€61,097within the sector's middle half-€99,858within the sector's middle half▲ 63.4%€98,632within the sector's middle half▼ 1.2%€101,813within the sector's middle half▲ 3.2%
Total assets€78,407within the sector's middle half-€128,778within the sector's middle half▲ 64.2%€128,657within the sector's middle half▼ 0.1%€173,794within the sector's middle half▲ 35.1%
Debt€17,310-€28,919▲ 67.1%€30,024▲ 3.8%€71,981▲ 140%
Working capital€27,683-€81,772▲ 195%€95,293▲ 16.5%€100,031▲ 5.0%
Solvency77.9%above the sector's middle half-77.5%above the sector's middle half▼ 0.4pp76.7%above the sector's middle half▼ 0.9pp58.6%within the sector's middle half▼ 18.1pp
Staff (FTE)1
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
-€20,000€0€20,000€40,000€60,000€80,000Operating result 2021: €75,174€75,174Net result 2021: €58,097€58,097Operating result 2022: €50,518€50,518Net result 2022: €38,761€38,761Operating result 2023: €3,360€3,360Net result 2023: -€1,226-€1,226Operating result 2024: €3,520€3,520Net result 2024: €3,181€3,1812021202220232024-€20,000€0€20,000€40,000€60,000Operating result 2022: €50,518€50,500Net result 2022: €38,761€38,800Operating result 2023: €3,360€3,360Net result 2023: -€1,226-€1,230Operating result 2024: €3,520€3,520Net result 2024: €3,181€3,180202220232024
The operating result recovers in 2024; 2024 is 5% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €173,794
Fixed assets €1,782 ▼ 46.6%
Current assets €172,012 ▲ 37.3%
Equity and liabilities €173,794
Equity €101,813 ▲ 3.2%
Debt €71,981 ▲ 140%
Debt's share of the balance-sheet total rises from 23.3% to 41.4%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€5,076▼
2023 · €20,358
Cash flow
€4,738▼
2023 · €15,773
Current ratio
2.39▼
2023 · 4.17
Debt to equity
0.71▲
2023 · 0.30
ROE
3.1%▲
2023 · -1.2%
ROA
1.8%▲
2023 · -1.0%
Debt ≤ 1 year
€71,981▲
2023 · €30,024
Income taxes
€339▼
2023 · €433
Staff costs
€35,316▼
2023 · €50,935
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
2.0% went bankrupt
3.7% stopped otherwise
94% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 5,047 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€128,657€173,794▲
Fixed assets21/28€3,339€1,782▼
Tangible fixed assets22/27€3,339€1,782▼
Plant, machinery and equipment23€3,339€1,782▼
Current assets29/58€125,318€172,012▲
Amounts receivable within one year40/41€106,816€166,283▲
Trade receivables40-€34,640
Other amounts receivable41€106,816€131,643▲
Cash at bank and in hand54/58€18,502€5,728▼
Equity and liabilities
Total equity and liabilities10/49€128,657€173,794▲
Equity10/15€98,632€101,813▲
Contributions10/11€3,000€3,000=
Capital10€3,000€3,000=
Issued capital100€3,000€3,000=
Profit (loss) carried forward14€95,632€98,813▲
Amounts payable17/49€30,024€71,981▲
Amounts payable within one year42/48€30,024€71,981▲
Trade debts44€1,138€40,521▲
Suppliers440/4€1,138€40,521▲
Taxes, remuneration and social security45€28,886€31,460▲
Taxes450/3€28,886€28,886=
Remuneration and social security454/9-€2,574
Income statement Code20232024
Remuneration, social security and pensions62€50,935€35,316▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,999€1,557▼
Gross operating margin9900€71,293€40,392▼
Operating profit (loss)9901€3,360€3,520▲
Financial charges65/66B€4,152-
Recurring financial charges65€4,152-
Profit (loss) for the period before taxes9903-€792€3,520▲
Income taxes67/77€433€339▼
Profit (loss) for the period9904-€1,226€3,181▲
Profit (loss) for the period to be appropriated9905-€1,226€3,181▲
Appropriation of the result
Profit (loss) to be appropriated9906€95,632€98,813▲
Profit (loss) brought forward from the previous period14P€96,858€95,632▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Remuneration, social security and pensions62--€50,935€35,316▼ 30.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,387€16,739€16,999€1,557▼ 90.8%
Other operating charges640/8€2,363----
Gross operating margin9900€93,924€67,257€71,293€40,392▼ 43.3%
Operating profit (loss)9901€75,174€50,518€3,360€3,520▲ 4.8%
Financial charges65/66B€114€267€4,152--
Recurring financial charges65€114€267€4,152--
Profit (loss) for the period before taxes9903€75,060€50,251-€792€3,520▲ 544%
Income taxes67/77€16,963€11,490€433€339▼ 21.9%
Profit (loss) for the period9904€58,097€38,761-€1,226€3,181▲ 359%
Profit (loss) for the period to be appropriated9905€58,097€38,761-€1,226€3,181▲ 359%
Line2021202220232024Change
Assets
Total assets20/58€78,407€128,778€128,657€173,794▲ 35.1%
Fixed assets21/28€33,414€18,086€3,339€1,782▼ 46.6%
Tangible fixed assets22/27€33,414€18,086€3,339€1,782▼ 46.6%
Plant, machinery and equipment23€1,922€2,340€3,339€1,782▼ 46.6%
Furniture and vehicles24€31,492€15,746---
Current assets29/58€44,993€110,692€125,318€172,012▲ 37.3%
Amounts receivable within one year40/41€39,082€66,836€106,816€166,283▲ 55.7%
Trade receivables40€32,650€2,700-€34,640-
Other amounts receivable41€6,432€64,136€106,816€131,643▲ 23.2%
Cash at bank and in hand54/58€5,912€43,856€18,502€5,728▼ 69.0%
Equity and liabilities
Total equity and liabilities10/49€78,407€128,778€128,657€173,794▲ 35.1%
Equity10/15€61,097€99,858€98,632€101,813▲ 3.2%
Contributions10/11€3,000€3,000€3,000€3,000=
Capital10€3,000€3,000€3,000€3,000=
Issued capital100€3,000€3,000€3,000€3,000=
Profit (loss) carried forward14€58,097€96,858€95,632€98,813▲ 3.3%
Amounts payable17/49€17,310€28,919€30,024€71,981▲ 140%
Amounts payable within one year42/48€17,310€28,919€30,024€71,981▲ 140%
Trade debts44€348€467€1,138€40,521▲ 3,460%
Suppliers440/4€348€467€1,138€40,521▲ 3,460%
Taxes, remuneration and social security45€16,963€28,453€28,886€31,460▲ 8.9%
Taxes450/3€16,963€28,453€28,886€28,886=
Remuneration and social security454/9---€2,574-
Line2021202220232024Change
Profit (loss) for the period9904€58,097€38,761-€1,226€3,181▲ 359%
+ Depreciation and write-downs630€16,387€16,739€16,999€1,557▼ 90.8%
Operating cash flow (approximation)€74,484€55,501€15,773€4,738▼ 70.0%
Investment in fixed assets (approximation)--€1,411-€2,252€0▲ 100%
Change in cash-€37,945-€25,354-€12,774▲ 49.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
26-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 118 days late
2024
31-12
Financial Back to profitnet €3,181
Net result €3,181 after one loss-making year.
31-12
Financial Equity above €100,000Eq €101,813 ▲3.2%
Equity rises from €98,632 to €101,813.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
26-04
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 270 days late
26-04
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 635 days late
2023
31-12
Financial Weakest financial yearnet -€1,226
Net result drops to -€1,226, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
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, Namur · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
492 m²
Building footprint
136 m²
Volume, LiDAR
1,373 m³
2 parcels, Wallonia · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Salzinnes les Moulins 119, 5000 Namur
Installation of electric heating, air conditioning, cooling and ventilation
since 20202.363.417.866
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92094A0103/00X003 Wallonia 318 m² 1 · 81 m² 11.9 m · 3 fl.
92094A0103/00Z003 Wallonia 174 m² 1 · 55 m² 13.1 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.

Similar companies · same sector, comparable size

Of 6,996 companies in sector 81220 we hold annual accounts for 2,414. 2,010 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
Founded14-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID 0208:0750619454
Registered 07-02-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.