Adantconstruction
ActiveSummary
The computed 12-month bankruptcy probability of Adantconstruction is 1.5% (moderate). The 2024 annual accounts show equity of €114,262 and a net result of -€89,827. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 28% of 36378 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-91
Solvency51▼-11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.2 against 1.42 in 2023; short-term debt: 70.8% and cash: 0.5% of total assets), and 73.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
26.2%
Return on assets
-20.6%
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 08-01-2026, 161 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
161 d late
2023
142 d late
2022
92 d late
2021
191 d late
2020
152 d late
2019
130 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 145 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€89,827
2023 · €97,883
Working capital
€60,297▼ 51.6%
2023 · €124,637
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
Line20202021202220232024
Operating result€11,657▼ 83.0%€70,560▲ 505%-€15,932€143,336-€110,660
Net result€8,916within the sector's middle half▼ 83.2%€50,036within the sector's middle half▲ 461%-€18,735below the sector's middle half€97,883above the sector's middle half-€89,827below the sector's middle half
Equity€79,905within the sector's middle half▲ 12.6%€124,941within the sector's middle half▲ 56.4%€106,206within the sector's middle half▼ 15.0%€204,089above the sector's middle half▲ 92.2%€114,262within the sector's middle half▼ 44.0%
Total assets€468,503within the sector's middle half▲ 153%€431,763within the sector's middle half▼ 7.8%€548,698above the sector's middle half▲ 27.1%€546,230above the sector's middle half▼ 0.4%€436,032above the sector's middle half▼ 20.2%
Debt€388,598▲ 241%€306,822▼ 21.0%€442,492▲ 44.2%€312,429▼ 29.4%€321,770▲ 3.0%
Working capital-€112,489below the sector's middle half▼ 342%-€72,286below the sector's middle half▲ 35.7%-€112,772below the sector's middle half▼ 56.0%€124,637above the sector's middle half€60,297within the sector's middle half▼ 51.6%
Solvency17.1%below the sector's middle half▼ 21.3pp28.9%within the sector's middle half▲ 11.9pp19.4%below the sector's middle half▼ 9.6pp37.4%within the sector's middle half▲ 18.0pp26.2%within the sector's middle half▼ 11.2pp
Current ratio0.65below the sector's middle half▼ 0.070.71below the sector's middle half▲ 0.060.72below the sector's middle half=1.42within the sector's middle half▲ 0.711.20within the sector's middle half▼ 0.23
Return on assets (ROA)1.9%within the sector's middle half▼ 26.8pp11.6%within the sector's middle half▲ 9.7pp-3.4%below the sector's middle half▼ 15.0pp17.9%above the sector's middle half▲ 21.3pp-20.6%below the sector's middle half▼ 38.5pp
Staff (FTE)5.5within the sector's middle half▲ 83.3%1below the sector's middle half▼ 81.8%
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €110,660 after €143,336 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €436,032
Fixed assets
€67,036 ▼ 47.7%
Current assets
€368,996 ▼ 11.8%
Equity and liabilities €436,032
Equity
€114,262 ▼ 44.0%
Provisions
€0 ▼ 100%
Debt
€321,770 ▲ 3.0%
Debt's share of the balance-sheet total rises from 57.2% to 73.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€98,206▼
2023 · €157,424
Cash flow
-€77,373▼
2023 · €111,971
Quick ratio
1.18▼
2023 · 1.42
Debt to equity
2.82▲
2023 · 1.53
ROE
-78.6%▼
2023 · 48.0%
Interest coverage
-17.27▼
2023 · 15.43
Debt ≤ 1 year
€308,699▲
2023 · €293,492
Debt > 1 year
€13,071▼
2023 · €18,937
Income taxes
€3,693▼
2023 · €5,535
Staff costs
€181,759▼
2023 · €239,357
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,294 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,294 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €290,939 | €307,805 | €239,357 | €181,759 | ▼ 24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,758 | €20,886 | €23,657 | €14,088 | €12,454 | ▼ 11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €44,811 | - |
| Other operating charges640/8 | - | €3,067 | €9,495 | €15,054 | €4,502 | ▼ 70.1% |
| Non-recurring operating charges66A | - | €11,231 | - | - | €7,359 | - |
| Gross operating margin9900 | €208,945 | €396,682 | €325,025 | €411,835 | €140,225 | ▼ 66.0% |
| Operating profit (loss)9901 | €11,657 | €70,560 | -€15,932 | €143,336 | -€110,660 | ▼ 177% |
| Financial income75/76B | - | €17 | €139 | - | €500 | - |
| Recurring financial income75 | €3,813 | €17 | €139 | - | €500 | - |
| Financial charges65/66B | - | €8,965 | €5,391 | €10,206 | €5,685 | ▼ 44.3% |
| Recurring financial charges65 | €5,591 | €8,965 | €5,391 | €10,206 | €5,685 | ▼ 44.3% |
| Profit (loss) for the period before taxes9903 | €9,879 | €61,611 | -€21,183 | €133,130 | -€115,846 | ▼ 187% |
| Transfer from deferred taxes780 | - | - | - | - | €29,712 | - |
| Transfer to deferred taxes680 | - | - | - | €29,712 | - | - |
| Income taxes67/77 | €963 | €11,576 | -€2,448 | €5,535 | €3,693 | ▼ 33.3% |
| Profit (loss) for the period9904 | €8,916 | €50,036 | -€18,735 | €97,883 | -€89,827 | ▼ 192% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €89,136 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €89,136 | - | - |
| Profit (loss) for the period to be appropriated9905 | €8,916 | €50,036 | -€18,735 | €8,747 | -€691 | ▼ 108% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €468,503 | €431,763 | €548,698 | €546,230 | €436,032 | ▼ 20.2% |
| Fixed assets21/28 | €259,202 | €252,066 | €262,212 | €128,101 | €67,036 | ▼ 47.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €259,202 | €252,066 | €262,212 | €128,101 | €67,036 | ▼ 47.7% |
| Land and buildings22 | - | €178,239 | €171,415 | €63,166 | - | - |
| Plant, machinery and equipment23 | - | €1,767 | €3,163 | €2,390 | €1,617 | ▼ 32.3% |
| Furniture and vehicles24 | - | €56,712 | €64,636 | €58,697 | €64,649 | ▲ 10.1% |
| Leasing and similar rights25 | - | €15,348 | €6,925 | €3,847 | €770 | ▼ 80.0% |
| Assets under construction and advance payments27 | - | - | €16,072 | - | - | - |
| Current assets29/58 | €209,301 | €179,697 | €286,487 | €418,129 | €368,996 | ▼ 11.8% |
| Stocks and contracts in progress3 | - | - | €6,766 | - | €4,295 | - |
| Stocks30/36 | - | - | €6,766 | - | €4,295 | - |
| Amounts receivable within one year40/41 | €186,524 | €174,417 | €264,569 | €399,696 | €355,106 | ▼ 11.2% |
| Trade receivables40 | - | €172,038 | €258,572 | €395,241 | €351,053 | ▼ 11.2% |
| Other amounts receivable41 | - | €2,379 | €5,997 | €4,456 | €4,053 | ▼ 9.0% |
| Cash at bank and in hand54/58 | €1,407 | €2,429 | €2,016 | €12,675 | €2,016 | ▼ 84.1% |
| Deferred charges and accrued income490/1 | - | €2,851 | €13,136 | €5,757 | €7,579 | ▲ 31.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €468,503 | €431,763 | €548,698 | €546,230 | €436,032 | ▼ 20.2% |
| Equity10/15 | €79,905 | €124,941 | €106,206 | €204,089 | €114,262 | ▼ 44.0% |
| Contributions10/11 | €20,220 | €20,220 | €20,220 | €20,220 | €20,220 | = |
| Capital10 | - | €20,220 | - | - | - | - |
| Issued capital100 | - | €20,220 | - | - | - | - |
| Outside capital11 | - | - | €20,220 | - | - | - |
| Share premium1100/10 | - | - | €20,220 | - | - | - |
| Reserves13 | €2,022 | €2,022 | €2,022 | €91,158 | €2,022 | ▼ 97.8% |
| Non-distributable reserves130/1 | - | €2,022 | - | €2,022 | €2,022 | = |
| Legal reserve130 | - | €2,022 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,022 | €2,022 | = |
| Tax-exempt reserves132 | - | - | - | €89,136 | - | - |
| Distributable reserves133 | - | - | €2,022 | - | - | - |
| Profit (loss) carried forward14 | €57,663 | €102,699 | €83,964 | €92,711 | €92,020 | ▼ 0.7% |
| Provisions and deferred taxes16 | - | - | - | €29,712 | - | - |
| Deferred taxes168 | - | - | - | €29,712 | - | - |
| Amounts payable17/49 | €388,598 | €306,822 | €442,492 | €312,429 | €321,770 | ▲ 3.0% |
| Amounts payable after more than one year17 | €66,808 | €54,839 | €43,234 | €18,937 | €13,071 | ▼ 31.0% |
| Financial debts170/4 | - | €54,839 | €43,234 | €18,937 | €13,071 | ▼ 31.0% |
| Amounts payable within one year42/48 | €321,790 | €251,983 | €399,259 | €293,492 | €308,699 | ▲ 5.2% |
| Current portion of amounts payable after more than one year42 | - | €13,274 | €11,605 | €17,306 | €25,297 | ▲ 46.2% |
| Financial debts43 | - | - | €8,247 | - | €18,101 | - |
| Credit institutions430/8 | - | - | €8,247 | - | €18,101 | - |
| Trade debts44 | €209,040 | €144,348 | €312,746 | €213,738 | €173,682 | ▼ 18.7% |
| Suppliers440/4 | - | €144,348 | €312,746 | €213,738 | €173,682 | ▼ 18.7% |
| Advances received on contracts in progress46 | - | - | - | - | €30,000 | - |
| Taxes, remuneration and social security45 | - | €89,013 | €61,660 | €62,447 | €61,618 | ▼ 1.3% |
| Taxes450/3 | - | €60,747 | €41,264 | €29,241 | €34,134 | ▲ 16.7% |
| Remuneration and social security454/9 | - | €28,266 | €20,396 | €33,206 | €27,484 | ▼ 17.2% |
| Other amounts payable47/48 | - | €5,349 | €5,000 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,916 | €50,036 | -€18,735 | €97,883 | -€89,827 | ▼ 192% |
| + Depreciation and write-downs630 | €14,758 | €20,886 | €23,657 | €14,088 | €12,454 | ▼ 11.6% |
| Operating cash flow (approximation) | €23,674 | €70,922 | €4,922 | €111,971 | -€77,373 | ▼ 169% |
| Investment in fixed assets (approximation) | - | -€13,750 | -€33,802 | €120,022 | €48,611 | ▼ 59.5% |
| Change in cash | - | €1,022 | -€413 | €10,659 | -€10,659 | ▼ 200% |
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
2026
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 161 days late
2024
31-12
Financial
Weakest financial yearnet -€89,827
Net result drops to -€89,827, the lowest in the series.
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 142 days late
2023
31-12
Financial
Back to profitnet €97,883
Net result €97,883 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €204,089 ▲92.2%
Equity rises from €106,206 to €204,089.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 191 days late
2021
31-12
Financial
Equity above €100,000Eq €124,941 ▲56.4%
4 profitable years in a row build equity to €124,941.
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 152 days late
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 130 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
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, Thuin · 1 establishment unit since 2015
Ground area
95 m²
Building footprint
96 m²
Volume, LiDAR
462 m³
Parcel 56078D0058/00E003, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Adantconstruction
since 20152.247.008.265
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56078D0058/00E003 | Wallonia | 95 m² | 1 · 96 m² | 6.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,140 companies in sector 43910 we hold annual accounts for 5,495. 4,798 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
Founded15-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
41001General construction of residential buildings
41003General construction of other non-residential buildings
43110Demolition
43320Joinery installation
43343Specialised construction activities
Contact
E-mail
adantdavid@yahoo.fr
E-invoicing
Reachable via Peppol
Peppol ID
0208:0633851943
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.