ADB ENGINEERING
Active1 interim measureSummary
The file of ADB ENGINEERING contains 1 interim measure, as published in the Belgian Official Gazette. The computed 12-month bankruptcy probability is 8.9% (elevated). The 2024 annual accounts show negative equity (-€157,457) and a net result of -€5,782. Equity has been growing by about 3.9% per year since 2018. Its solvency ranks better than 5% of 35,969 sector peers (NACE 43, financial year 2024).
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-05-1995 Normal situation
- Activity
- Plumbing work NACE 43221and 7 others
- Financial year end
- 31 December
- Peppol
- Reachable since 26-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 8.9%
- Gross margin
- €7,188
- ▼ 36.2%
- Turnover
- ≈ €65,000
- estimated
- Loss
- €5,782
- Equity
- -€157,457
- ▼ 3.8%
- Total assets
- €11,746
- ▼ 59.8%
- Negative equity on 31-12-2024
- 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskNo registered site in the KBOLiquidity: current ratio 0.60, cash €0, halved1 financial year not filed after the legal deadline; last filed accounts filed 49 days late; 3 of the last 3 accounts latelowers riskSize: total assets €11,746Show the evidence
Checked score
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 1% on liquidity, 24% on profitability and 30% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 435 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 18-09-2025 PDF all 29 filings
Every figure per financial year
The operating result for 2024 is 65% lower than in 2023 and the lowest since 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Tangible fixed assets | €26,820 | €1,020 | - | - | - |
| Depreciation and write-downs of the year | €12,782 | €2,768 | €8,319 | €8,319 | €5,878 |
Source: notes to the 2020 to 2024 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €804 | €424 | €322 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,838 | €3,842 | €12,782 | €2,768 | €8,319 | €8,319 | €5,878 | ▼ 29.3% |
| Other operating charges640/8 | - | €1,332 | €1,498 | €711 | €717 | €1,269 | €727 | ▼ 42.7% |
| Gross operating margin9900 | €11,455 | €34,943 | €26,714 | €13,187 | €10,107 | €11,269 | €7,188 | ▼ 36.2% |
| Operating profit (loss)9901 | €8,828 | €28,964 | €12,009 | €9,386 | €1,071 | €1,681 | €583 | ▼ 65.3% |
| Financial income75/76B | - | €10 | €1 | - | €2,375 | - | - | - |
| Recurring financial income75 | €2 | €10 | €1 | - | €160 | - | - | - |
| Non-recurring financial income76B | - | - | - | - | €2,215 | - | - | - |
| Financial charges65/66B | - | €152 | €886 | €149 | €392 | €323 | €303 | ▼ 6.2% |
| Recurring financial charges65 | €91 | €152 | €886 | €149 | €392 | €323 | €303 | ▼ 6.2% |
| Non-recurring financial charges66B | - | - | - | €149 | €392 | €323 | €303 | ▼ 6.2% |
| Profit (loss) for the period before taxes9903 | €8,739 | €28,823 | €11,124 | €9,237 | €3,054 | €1,358 | €280 | ▼ 79.4% |
| Income taxes67/77 | - | - | - | - | - | - | €6,062 | - |
| Profit (loss) for the period9904 | €8,739 | €28,823 | €11,124 | €9,237 | €3,054 | €1,358 | -€5,782 | - |
| Profit (loss) for the period to be appropriated9905 | €8,739 | €28,823 | €11,124 | €9,237 | €3,054 | €1,358 | -€5,782 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €36,800 | €39,977 | €64,894 | €43,311 | €24,791 | €29,228 | €11,746 | ▼ 59.8% |
| Fixed assets21/28 | €2,981 | €10,814 | €24,852 | €23,104 | €17,000 | €8,681 | €2,803 | ▼ 67.7% |
| Tangible fixed assets22/27 | €2,981 | €10,814 | €24,852 | €23,104 | €17,000 | €8,681 | €2,803 | ▼ 67.7% |
| Plant, machinery and equipment23 | - | €653 | €327 | - | - | - | - | - |
| Furniture and vehicles24 | - | €10,161 | €24,526 | €23,104 | €17,000 | €8,681 | €2,803 | ▼ 67.7% |
| Current assets29/58 | €33,820 | €29,162 | €40,042 | €20,207 | €7,791 | €20,547 | €8,943 | ▼ 56.5% |
| Stocks and contracts in progress3 | €5,875 | €5,875 | €1,375 | €1,250 | €775 | €1,610 | €250 | ▼ 84.5% |
| Stocks30/36 | - | €5,875 | €1,375 | €1,250 | €775 | €1,610 | €250 | ▼ 84.5% |
| Amounts receivable within one year40/41 | €18,021 | €15,697 | €35,067 | €18,779 | €7,007 | €12,497 | €6,568 | ▼ 47.4% |
| Trade receivables40 | - | €11,597 | €26,409 | €18,723 | €6,410 | €11,160 | €6,500 | ▼ 41.8% |
| Other amounts receivable41 | - | €4,101 | €8,658 | €56 | €597 | €1,337 | €68 | ▼ 94.9% |
| Cash at bank and in hand54/58 | €9,836 | €7,501 | €3,361 | €100 | €9 | €4,724 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | €89 | €240 | €78 | - | €1,716 | €2,125 | ▲ 23.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €36,800 | €39,977 | €64,894 | €43,311 | €24,791 | €29,228 | €11,746 | ▼ 59.8% |
| Equity10/15 | -€205,271 | -€176,448 | -€165,324 | -€156,087 | -€153,033 | -€151,675 | -€157,457 | ▼ 3.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | - | - | - | - | - | - |
| Issued capital100 | - | €18,592 | - | - | - | - | - | - |
| Reserves13 | €85,594 | €85,594 | €85,594 | €85,594 | €85,594 | €85,594 | €85,594 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €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 | €83,735 | = |
| Profit (loss) carried forward14 | -€309,457 | -€280,634 | -€269,510 | -€260,273 | -€257,219 | -€255,861 | -€261,643 | ▼ 2.3% |
| Amounts payable17/49 | €242,071 | €216,425 | €230,218 | €199,398 | €177,824 | €180,903 | €169,203 | ▼ 6.5% |
| Amounts payable after more than one year17 | €233,065 | €198,246 | €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 | - | €198,246 | €184,353 | €162,698 | €158,878 | €162,401 | €152,782 | ▼ 5.9% |
| Amounts payable within one year42/48 | €9,007 | €18,178 | €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 | €9,007 | €17,022 | €19,745 | €15,538 | €3,169 | €6,953 | €4,260 | ▼ 38.7% |
| Suppliers440/4 | - | €17,022 | €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 | - | €1,156 | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €348 | €348 | €1,500 | €1,500 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,739 | €28,823 | €11,124 | €9,237 | €3,054 | €1,358 | -€5,782 | - |
| + Depreciation and write-downs630 | €1,838 | €3,842 | €12,782 | €2,768 | €8,319 | €8,319 | €5,878 | ▼ 29.3% |
| Operating cash flow (approximation) | €10,577 | €32,665 | €23,906 | €12,005 | €11,373 | €9,677 | €96 | ▼ 99.0% |
| Investment in fixed assets (approximation) | - | -€11,675 | -€26,820 | -€1,020 | -€2,215 | €0 | €0 | - |
| Change in cash | - | -€2,335 | -€4,140 | -€3,261 | -€91 | €4,715 | -€4,724 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as ADB ENGINEERING has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ADB ENGINEERING itself is higher: 8.9% within 12 months. It rests on far more data about ADB ENGINEERING than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for ADB ENGINEERING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 18-09-2025 | 2025-00494678 | |
| 31-12-2023 | micro format | 15-01-2025 | 2025-00005070 | |
| 31-12-2022 | micro format | 10-04-2024 | 2024-00060399 | |
| 31-12-2021 | micro format | 07-02-2024 | 2024-00028134 | |
| 31-12-2020 | micro format | 31-03-2023 | 2023-00054775 | |
| 31-12-2019 | micro format | 31-03-2023 | 2023-00054774 | |
| 31-12-2018 | micro format | 19-12-2019 | 2019-76800278 | |
| 31-12-2017 | micro format | 26-03-2019 | 2019-07900280 | |
| 31-12-2016 | micro format | 28-09-2017 | 2017-64600392 | |
| 31-12-2015 | abbreviated format | 28-10-2016 | 2016-67000249 |
Board & ownership
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Interim administrator | Ali Heerman | 05-08-2025 → present |
Owners and capital
Owners
Network & group
ADB ENGINEERING shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of ADB ENGINEERING. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-07
Gazette deed
Resignations & appointmentsCourt decision · Power of attorney9 points ▸
- 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
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0455.201.303
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45020B0571/00E000 | Flanders | 1,609 m² | 1 · 220 m² | 7.5 m · 2 |