ADB ENGINEERING
Active1 interim measureSummary
The file of ADB ENGINEERING contains 1 interim measure, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 5.6% (elevated). The 2024 annual accounts show negative equity (-€157,457) and a net result of -€5,782. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 36386 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-25
Solvency0=
Growth52=
Track record80
Bankruptcy probability, 12 months
5.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 1.66 in 2023; short-term debt: 127% and cash: 0% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Return on assets
-49.2%
Age of the figures
21 mo
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€157,457
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
168 d late
2022
254 d late
2021
556 d late
2020
608 d late
2019
973 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 435 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
In the rankings
#10 oldest company in Maarkedal, Construction sector
Equity
-€157,457▼ 3.8%
2023 · -€151,675
Total assets
€11,746▼ 59.8%
2023 · €29,228
Net result
-€5,782
2023 · €1,358
Working capital
-€5,978
2023 · €8,134
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€12,009▼ 58.5%€9,386▼ 21.8%€1,071▼ 88.6%€1,681▲ 57.0%€583▼ 65.3%
Net result€11,124within the sector's middle half▼ 61.4%€9,237within the sector's middle half▼ 17.0%€3,054within the sector's middle half▼ 66.9%€1,358within the sector's middle half▼ 55.5%-€5,782below the sector's middle half
Equity-€165,324below the sector's middle half▲ 6.3%-€156,087below the sector's middle half▲ 5.6%-€153,033below the sector's middle half▲ 2.0%-€151,675below the sector's middle half▲ 0.9%-€157,457below the sector's middle half▼ 3.8%
Total assets€64,894below the sector's middle half▲ 62.3%€43,311below the sector's middle half▼ 33.3%€24,791below the sector's middle half▼ 42.8%€29,228below the sector's middle half▲ 17.9%€11,746below the sector's middle half▼ 59.8%
Debt€230,218▲ 6.4%€199,398▼ 13.4%€177,824▼ 10.8%€180,903▲ 1.7%€169,203▼ 6.5%
Working capital€14,991within the sector's middle half▲ 36.5%-€716below the sector's middle half-€763below the sector's middle half▼ 6.6%€8,134within the sector's middle half-€5,978below the sector's middle half
Solvency-254.8%below the sector's middle half▲ 186.6pp-360.4%below the sector's middle half▼ 105.6pp-617.3%below the sector's middle half▼ 256.9pp-518.9%below the sector's middle half▲ 98.4pp
Current ratio1.60within the sector's middle half▼ 0.010.97below the sector's middle half▼ 0.630.91below the sector's middle half▼ 0.051.66within the sector's middle half▲ 0.740.60below the sector's middle half▼ 1.06
Return on assets (ROA)17.1%above the sector's middle half▼ 55.0pp21.3%above the sector's middle half▲ 4.2pp12.3%within the sector's middle half▼ 9.0pp4.6%within the sector's middle half▼ 7.7pp-49.2%below the sector's middle half▼ 53.9pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 65% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11,746
Fixed assets
€2,803 ▼ 67.7%
Current assets
€8,943 ▼ 56.5%
Key figures and ratios
EBITDA
€6,461▼
2023 · €10,000
Cash flow
€96▼
2023 · €9,677
Quick ratio
0.58▼
2023 · 1.53
Debt to equity
-1.07▲
2023 · -1.19
Interest coverage
21.32▼
2023 · 30.96
Debt ≤ 1 year
€14,921▲
2023 · €12,413
Debt > 1 year
€152,782▼
2023 · €166,990
Income taxes
€6,062
A ratio outside any meaningful range has been withheld (balance sheet total €11,746, equity -€157,457).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 6,639 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 | €424 | €322 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,782 | €2,768 | €8,319 | €8,319 | €5,878 | ▼ 29.3% |
| Other operating charges640/8 | €1,498 | €711 | €717 | €1,269 | €727 | ▼ 42.7% |
| Gross operating margin9900 | €26,714 | €13,187 | €10,107 | €11,269 | €7,188 | ▼ 36.2% |
| Operating profit (loss)9901 | €12,009 | €9,386 | €1,071 | €1,681 | €583 | ▼ 65.3% |
| Financial income75/76B | €1 | - | €2,375 | - | - | - |
| Recurring financial income75 | €1 | - | €160 | - | - | - |
| Non-recurring financial income76B | - | - | €2,215 | - | - | - |
| Financial charges65/66B | €886 | €149 | €392 | €323 | €303 | ▼ 6.2% |
| Recurring financial charges65 | €886 | €149 | €392 | €323 | €303 | ▼ 6.2% |
| Non-recurring financial charges66B | - | €149 | €392 | €323 | €303 | ▼ 6.2% |
| Profit (loss) for the period before taxes9903 | €11,124 | €9,237 | €3,054 | €1,358 | €280 | ▼ 79.4% |
| Income taxes67/77 | - | - | - | - | €6,062 | - |
| Profit (loss) for the period9904 | €11,124 | €9,237 | €3,054 | €1,358 | -€5,782 | ▼ 526% |
| Profit (loss) for the period to be appropriated9905 | €11,124 | €9,237 | €3,054 | €1,358 | -€5,782 | ▼ 526% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,894 | €43,311 | €24,791 | €29,228 | €11,746 | ▼ 59.8% |
| Fixed assets21/28 | €24,852 | €23,104 | €17,000 | €8,681 | €2,803 | ▼ 67.7% |
| Tangible fixed assets22/27 | €24,852 | €23,104 | €17,000 | €8,681 | €2,803 | ▼ 67.7% |
| Plant, machinery and equipment23 | €327 | - | - | - | - | - |
| Furniture and vehicles24 | €24,526 | €23,104 | €17,000 | €8,681 | €2,803 | ▼ 67.7% |
| Current assets29/58 | €40,042 | €20,207 | €7,791 | €20,547 | €8,943 | ▼ 56.5% |
| Stocks and contracts in progress3 | €1,375 | €1,250 | €775 | €1,610 | €250 | ▼ 84.5% |
| Stocks30/36 | €1,375 | €1,250 | €775 | €1,610 | €250 | ▼ 84.5% |
| Amounts receivable within one year40/41 | €35,067 | €18,779 | €7,007 | €12,497 | €6,568 | ▼ 47.4% |
| Trade receivables40 | €26,409 | €18,723 | €6,410 | €11,160 | €6,500 | ▼ 41.8% |
| Other amounts receivable41 | €8,658 | €56 | €597 | €1,337 | €68 | ▼ 94.9% |
| Cash at bank and in hand54/58 | €3,361 | €100 | €9 | €4,724 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €240 | €78 | - | €1,716 | €2,125 | ▲ 23.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,894 | €43,311 | €24,791 | €29,228 | €11,746 | ▼ 59.8% |
| Equity10/15 | -€165,324 | -€156,087 | -€153,033 | -€151,675 | -€157,457 | ▼ 3.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €85,594 | €85,594 | €85,594 | €85,594 | €85,594 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €83,735 | €83,735 | €83,735 | €83,735 | €83,735 | = |
| Profit (loss) carried forward14 | -€269,510 | -€260,273 | -€257,219 | -€255,861 | -€261,643 | ▼ 2.3% |
| Amounts payable17/49 | €230,218 | €199,398 | €177,824 | €180,903 | €169,203 | ▼ 6.5% |
| Amounts payable after more than one year17 | €205,167 | €178,127 | €168,922 | €166,990 | €152,782 | ▼ 8.5% |
| Financial debts170/4 | €20,814 | €15,429 | €10,044 | €4,589 | - | - |
| Other amounts payable178/9 | €184,353 | €162,698 | €158,878 | €162,401 | €152,782 | ▼ 5.9% |
| Amounts payable within one year42/48 | €25,051 | €20,923 | €8,554 | €12,413 | €14,921 | ▲ 20.2% |
| Current portion of amounts payable after more than one year42 | €5,306 | €5,385 | €5,385 | €5,460 | €4,589 | ▼ 16.0% |
| Financial debts43 | - | - | - | - | €10 | - |
| Credit institutions430/8 | - | - | - | - | €10 | - |
| Trade debts44 | €19,745 | €15,538 | €3,169 | €6,953 | €4,260 | ▼ 38.7% |
| Suppliers440/4 | €19,745 | €15,538 | €3,169 | €6,953 | €4,260 | ▼ 38.7% |
| Taxes, remuneration and social security45 | - | - | - | - | €6,062 | - |
| Taxes450/3 | - | - | - | - | €6,062 | - |
| Other amounts payable47/48 | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €348 | €348 | €1,500 | €1,500 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,124 | €9,237 | €3,054 | €1,358 | -€5,782 | ▼ 526% |
| + Depreciation and write-downs630 | €12,782 | €2,768 | €8,319 | €8,319 | €5,878 | ▼ 29.3% |
| Operating cash flow (approximation) | €23,906 | €12,005 | €11,373 | €9,677 | €96 | ▼ 99.0% |
| Investment in fixed assets (approximation) | - | -€1,020 | -€2,215 | €0 | €0 | - |
| Change in cash | - | -€3,261 | -€91 | €4,715 | -€4,724 | ▼ 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
29-07
State Gazette act
Resignations & appointmentsCourt decision · Power of attorney9 facts ▸
State Gazette act
Resignations & appointments
Court decision · Power of attorney9 facts ▸
- Court decision, 23-10-2025
- Power of attorney, Xerius Contact VZW
- Power of attorney, Kelly Verpoorten
- Power of attorney, Sara Heemskerk
- Power of attorney, Sandy Van de Leur
- Power of attorney, Kristel Van Gysel
- Power of attorney, Héloïse Debrandt
- Power of attorney, Viktorija Coric
- Power of attorney, Sara Szurgot
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
05-08
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 168 days late
2024
31-12
Financial
Weakest financial yearnet -€5,782
Net result drops to -€5,782, the lowest in the series.
10-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 254 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 556 days late
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 608 days late
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 973 days late
2019
31-12
Financial
Highest result since 2018net €28,823 ▲230%
Operating result €28,964, net result €28,823, both a record.
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 141 days late
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 238 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 89 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maarkedal
Ground area
1,609 m²
Building footprint
220 m²
Volume, LiDAR
1,080 m³
Parcel 45020B0571/00E000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45020B0571/00E000 | Flanders | 1,609 m² | 1 · 220 m² | 7.5 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,043 companies in sector 43221 we hold annual accounts for 3,476. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-05-1995
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
26300Manufacture of computer, electronic and optical products
43211General electrical installation work
43320Joinery installation
43341Painting of buildings
43350Other building finishing work
46643Wholesale of electrical equipment, including installation materials
59114Motion picture, video and television programme production, sound recording and music publishing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455201303
Registered
26-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.