ADA GROUP
InactiveADA GROUP was declared bankrupt on 15-02-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 11-03-2025, published in the Belgian State Gazette on 14-03-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-05-2023, 63 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
63 d early
2021
13 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, micro schema
Turnover
€49k
EBIT margin
25.1%
Net result
€-18k
2021 · €9k
2021: €9k
2021 → 2022
Working capital
€-59k
2021 · €23k
2021: €23k
2021 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Turnover€49k-
Equity€23k-€5k▼ 78.9%
Operating result€12k-€-17k
Net result€9k-€-18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €17k after €12k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €119k
Fixed assets
€64k ▲ 21,333%
Current assets
€55k ▲ 10.0%
Equity and liabilities €119k
Equity
€5k ▼ 78.9%
Debt
€114k ▲ 328%
Debt's share of the balance-sheet total rises from 53.2% to 95.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1k▼
2021 · €14k
Cash flow
€-2k▼
2021 · €11k
Current ratio
0.48▼
2021 · 1.87
Debt to equity
23.12▲
2021 · 1.14
ROE
-374.7%▼
2021 · 40.2%
ROA
-15.5%▼
2021 · 18.8%
Interest coverage
-1.27▼
2021 · 27.07
Debt ≤ 1 year
€114k▲
2021 · €27k
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 · 2022 against 2021 · 38 lines
Balance sheet
Code20212022
Assets
Total assets20/58€50k€119k▲
Fixed assets21/28€300€64k▲
Tangible fixed assets22/27-€64k
Furniture and vehicles24-€64k
Financial fixed assets28€300€300=
Current assets29/58€50k€55k▲
Amounts receivable within one year40/41€50k€55k▲
Trade receivables40€50k€38k▼
Other amounts receivable41-€17k
Cash at bank and in hand54/58€10-
Equity and liabilities
Total equity and liabilities10/49€50k€119k▲
Equity10/15€23k€5k▼
Contributions10/11€14k€14k=
Profit (loss) carried forward14€9k€-9k▼
Amounts payable17/49€27k€114k▲
Amounts payable within one year42/48€27k€114k▲
Financial debts43-€30
Credit institutions430/8-€30
Trade debts44€857€81k▲
Suppliers440/4€857€81k▲
Taxes, remuneration and social security45€20k€29k▲
Taxes450/3€9k€20k▲
Remuneration and social security454/9€12k€10k▼
Other amounts payable47/48€5k€4k▼
Income statement
Code20212022
Turnover70€49k-
Goods, raw materials, services and sundry goods60/61€35k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€16k▲
Other operating charges640/8€846€841▼
Gross operating margin9900€15k€-554▼
Operating profit (loss)9901€12k€-17k▼
Financial charges65/66B€507€1k▲
Recurring financial charges65€507€1k▲
Profit (loss) for the period before taxes9903€12k€-18k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€9k€-18k▼
Profit (loss) for the period to be appropriated9905€9k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-9k▼
Profit (loss) brought forward from the previous period14P-€9k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · ADA GROUP BV NOORDERLAAN 147/9, 2030 ANTWERPEN 3 · event 11-03-2025
2024
02-08
KBO administration
Address struck
21-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · ADA GROUP BV NOORDER- LAAN 147/9, 2030 ANTWERPEN 3 · event 15-02-2024
2023
29-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalNBB filing
Directors · office · real estate
Directors
5 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIESBET JACOBS POPULIERENLAAN 43, 2630 AARTSE-
LAAR |
15-02-2024 → 11-03-2025 |
Company data · Crossroads Bank
Identification
Legal formBV
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filings
Scores and ratios are computed by Checked and are not a credit decision.