Financials
- Fiscal year
- 2025
- Total assets
- €352,865
- Profit
- €49,319
- Solvency
- 35.9%
Total assets▲ 55.4%
Net result
20232025
Adam Artwork
ActiveSummary
Adam Artwork has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126,514 and a net result of €49,319. Equity is growing by ~48.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 33831 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Roofing work
NACE 43410Bricklaying and masonry work NACE 43910
1 site
Size
€352,865total assets 2025
- Equity
- €126,514
- Profit
- €49,319
Turnover not published (abridged schema)
Structure
Accounts 1 d early0 of 2 deeds read
Why 85- Founded in 2022- Sector Specialised construction activities (NACE 43)+ Liquidity: current ratio 1.58, cash €80,298+ Size: total assets €352,865Show the evidence
Checked score
Score 2025
85
/ 100
Excellent
Probability in this band: under 0.55%
Better than 57% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
61-2
equity 35.9% of total assets
Liquidity
48-29
short-term debt 58.4% · cash 22.8%
Profitability
86-14
return on assets 14.0%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.2%
12-2024: 1.2%● 0.0% vs 11-2024
01-2025: 1.5%▲ +22.3% vs 12-2024
02-2025: 1.8%▲ +22.6% vs 01-2025
03-2025: 1.8%▼ -1.2% vs 02-2025
04-2025: 1.8%▲ +3.2% vs 03-2025
05-2025: 2.9%▲ +60.8% vs 04-2025highest value
06-2025: 1.0%▼ -65.7% vs 05-2025
07-2025: 1.0%▼ -1.5% vs 06-2025
08-2025: 1.0%● 0.0% vs 07-2025
09-2025: 1.0%● 0.0% vs 08-2025
10-2025: 1.0%● 0.0% vs 09-2025
11-2025: 1.0%● 0.0% vs 10-2025
12-2025: 1.0%● 0.0% vs 11-2025
01-2026: 1.2%▲ +23.6% vs 12-2025
02-2026: 1.5%▲ +21.3% vs 01-2026
03-2026: 1.5%▼ -1.1% vs 02-2026
04-2026: 0.6%▼ -62.1% vs 03-2026
05-2026: 1.0%▲ +71.0% vs 04-2026
06-2026: 0.5%▼ -46.2% vs 05-2026
07-2026: 0.4%▼ -27.8% vs 06-2026
08-2026: 0.4%▼ -3.2% vs 07-2026
09-2026: 0.4%● 0.0% vs 08-2026
10-2026: 0.4%▼ -1.9% vs 09-2026lowest value
- Liquidity: current ratio 1.58, cash €80,298 lowers the probability
- Founded in 2022 raises the probability for this profile
- Size: total assets €352,865 lowers the probability for this profile
- Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.76 in 2024; short-term debt: 58.4% and cash: 22.8% of total assets), but 64.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 38%, liquidity 40%, profitability 71%, growth against the median 81%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
8 d late
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 2 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 1 May (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close05-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Equity above €100,000Eq €126,514 ▲45.1%
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 5
- Since
- 2024
- Next accounts
- by 30-04-2027
- 29-04-2026Annual accounts filed
- 30-09-2025Equity above €100,000
- 08-05-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Roofing workNACE 43410
- Founded
- 09-11-2022
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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