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Generated 13-07-2026
Active BE 0790.885.936Private limited company

ADB-PROJECTS

Heirweg 42 ·9870 Zulte, Belgium· 3 yrs active
Sector: Joinery (43320)
Conclusion Checked

The computed 12-month bankruptcy probability of ADB-PROJECTS is 2.8% (moderate). The 2024 annual accounts show equity of €30k and a net result of €238. Its solvency ranks better than 73% of 11044 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €30k
Net result €238
Better than sector 73%
Active 3 yrs
Snowflake analysis 5 axes · computed by Checked
Health86Profitability4Solvency99Growth52Stability94
67 / 100

Strong profile, led by solvency.

Health 86
Profitability 4
Solvency 99
Growth 52
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.8% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
86 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · micro
€0€10k€20k€30kOperating result 2023: €35k€35kNet result 2023: €26k€26kOperating result 2024: €1k€1kNet result 2024: €238€23820232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 60.4% 40.9%
better than 73% of 11044 sector peers
Net result €238 €11k
better than 21% of 11027 sector peers
Equity €30k €34k
better than 46% of 11048 sector peers
Gross operating margin €18k €35k
better than 31% of 11017 sector peers
Total assets €49k €93k
better than 26% of 11044 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€16k
-66.3% -92% vs sector
Net profit
€238
-99.1% -100% vs sector
Cash flow
€15k
-61.0% -90% vs sector
Total assets
€49k
-26.3% -97% vs sector
Equity
€30k
+0.8% -94% vs sector
Working capital
€13k
+251.6% -93% vs sector
Income taxes
€8k
- -78% vs sector
Debt
€19k
-47.7% -97% vs sector
Debt ≤ 1y
€6k
-67.1% -98% vs sector
Debt > 1y
€14k
-30.1% -91% vs sector
Current ratio
3.31
+172.0% +119% vs sector
Quick ratio
3.31
+172.0% +188% vs sector
Solvency
60.4%
+36.8% +22% vs sector
Debt / equity
0.66
-48.2% -22% vs sector
ROE
0.8%
-99.1% -95% vs sector
ROA
0.5%
-98.8% -93% vs sector
Interest coverage
19.44
-49.3% +49% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€16k
Net profit€238
Cash flow€15k
Staff costs-
Income taxes-
Dividends-
Total assets€49k
Equity€30k
Debt€19k
of which ≤ 1y€6k
of which > 1y€14k
Working capital€13k
Employees (FTE)-
Ratios (computed)
2024
Current ratio3.31
Quick ratio3.31
Working capital ratio27.5%
Solvency60.4%
Debt / equity0.66
Long-term debt ratio0.46
Interest coverage19.44
Gross margin-
Net margin-
ROA0.5%
ROE0.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€49k
Fixed assets 21/28€30k
Tangible fixed assets 22/27€30k
Current assets 29/58€19k
Amounts receivable within one year 40/41€17k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€49k
Equity 10/15€30k
Contributions / capital 10/11€3k
Reserves 13€27k
Amounts payable 17/49€19k
Amounts payable after one year 17€14k
Amounts payable within one year 42/48€6k
Trade debts payable within one year 44€0
Income statement
Gross operating margin 9900€18k
Operating result 9901€1k
Financial income 75€56
Financial charges 65€835
Result before taxes 9903€238
Net result for the period 9904€238
Result to be appropriated 9905€238
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Ratios computed by Checked.
Legal Structure
NACE primary Joinery(43320)
Legal form Private limited company(610)
Incorporation16-09-2022
StatusActive
Postal code9870
Establishment units 1 location
ADB-PROJECTS
Heirweg 42, 9870 ZulteSnoeien van fruitbomen en wijnstokken
since 20222.335.431.881
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44050A0560/00G002 Flanders 1,183 m² 1 · 270 m² 9.6 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 2 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
30-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
25-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Schrijnwerk43320Schrijnwerk43320Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999
Primary activity highlighted.
Names & trade names
Legal nameNL ADB-PROJECTS
Registered office
Heirweg 42
9870 Zulte, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative