Financials
- Fiscal year
- 2024
- Total assets
- €38,665
- Profit
- €6,162
- Solvency
- 23.5%
Total assets▲ 82.4%
Net result
20222024
ADAZ Construct
ActiveSummary
The computed 12-month bankruptcy probability of ADAZ Construct is 5.1% (elevated). The 2024 annual accounts show equity of €9,080 and a net result of €6,162. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 31% of 9989 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201
1 site
Size
€38,665total assets 2024
- Equity
- €9,080
- Profit
- €6,162
Turnover not published (abridged schema)
Structure
Accounts 66 d overdue0 of 1 deed read
Why 38- 1 financial year not filed after the legal deadline; 1 of the last 3 late- Founded in 2021- Sector Construction of residential and non-residential buildings (NACE 41)- Figures for FY 2024 (filed 13-07-2025)Show the evidence
Checked score
Score 2024
38
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 46% of its sector peers (NACE 41, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
48-14
equity 23.5% of total assets
Liquidity
25-39
short-term debt 76.5% · cash 13.1%
Profitability
89+1
return on assets 15.9%
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.5%
12-2024: 2.5%● 0.0% vs 11-2024
01-2025: 2.5%▼ -2.0% vs 12-2024
02-2025: 2.5%▲ +0.9% vs 01-2025
03-2025: 2.5%▲ +0.7% vs 02-2025
04-2025: 2.6%▲ +2.4% vs 03-2025
05-2025: 2.6%▲ +0.7% vs 04-2025
06-2025: 2.6%▲ +0.1% vs 05-2025
07-2025: 2.4%▼ -8.8% vs 06-2025lowest value
08-2025: 3.8%▲ +62.4% vs 07-2025
09-2025: 3.8%● 0.0% vs 08-2025
10-2025: 3.8%▼ -1.7% vs 09-2025
11-2025: 3.8%● 0.0% vs 10-2025
12-2025: 3.8%● 0.0% vs 11-2025
01-2026: 3.6%▼ -2.9% vs 12-2025
02-2026: 3.6%● 0.0% vs 01-2026
03-2026: 3.7%▲ +2.3% vs 02-2026
04-2026: 3.8%▲ +1.5% vs 03-2026
05-2026: 3.9%▲ +3.9% vs 04-2026
06-2026: 4.0%▲ +2.8% vs 05-2026
07-2026: 4.1%▲ +0.8% vs 06-2026
08-2026: 4.6%▲ +12.2% vs 07-2026
09-2026: 4.8%▲ +4.7% vs 08-2026
10-2026: 5.1%▲ +5.9% vs 09-2026highest value
- 1 financial year not filed after the legal deadline; 1 of the last 3 late raises the probability
- Founded in 2021 raises the probability for this profile
- Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
- Figures for FY 2024 (filed 13-07-2025) raises the probability
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.74 against 0.94 in 2023; short-term debt: 76.5% and cash: 13.1% of total assets), and 76.5% 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 41, micro). Better than this share of them on solvency 30%, liquidity 20%, profitability 73%, growth against the median 59%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. 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.
+raises risk○neutral
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 12-07-2025, 19 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
19 d early
2023
27 d late
2022
95 d late
← 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 34 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2022net €6,162 ▲91.2%
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 4
- Since
- 2023
- 12-07-2025Annual accounts filed
- 31-12-2024Highest result since 2022
- 27-08-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 28-10-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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