ADB PROPERTIES
Open bankruptcyA bankruptcy procedure is open for ADB PROPERTIES according to publications in the Belgian State Gazette; curator: PHILIPPE MOENS. The 2023 annual accounts show equity of €66k and a net result of €-7k.
Signals
Four 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 31-12-2023 was due by 31-07-2024 and was filed on 17-06-2024, 44 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2023
44 d early
2022
38 d early
2021
3 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€66k▼ 9.3%
2022 · €73k
2019: €5k
2020: €7k
2021: €24k
2022: €73k
2019 → 2023
Total assets
€132k▲ 9.9%
2022 · €120k
2019: €7k
2020: €22k
2021: €50k
2022: €120k
2019 → 2023
Net result
€-7k
2022 · €49k
2019: €-2k
2020: €-4k
2021: €17k
2022: €49k
2019 → 2023
Working capital
€62k▲ 46.8%
2022 · €42k
2019: €3k
2020: €-11k
2021: €19k
2022: €42k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€5k-€7k▲ 59.8%€24k▲ 227%€73k▲ 204%€66k▼ 9.3%
Operating result€-2k-€-3k▼ 117%€18k€76k▲ 318%€-6k
Net result€-2k-€-4k▼ 117%€17k€49k▲ 194%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €6k after €76k in 2022, the lowest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €132k
Fixed assets
€11k▼ 63.2%
Current assets
€121k▲ 34.9%
Equity and liabilities €132k
Equity
€66k▼ 9.3%
Debt
€66k▲ 39.6%
The debt ratio rises from 39.2% to 49.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-748▼
2022 · €82k
Cash flow
€-1k▼
2022 · €55k
Solvency
50.2%▼
2022 · 60.8%
Current ratio
2.06▲
2022 · 1.90
Quick ratio
2.06▲
2022 · 1.90
Debt / equity
0.99▲
2022 · 0.65
ROE
-10.2%▼
2022 · 67.1%
ROA
-5.1%▼
2022 · 40.8%
Interest coverage
-0.56▼
2022 · 51.98
Debt
€66k▲
2022 · €47k
Debt ≤ 1 year
€58k▲
2022 · €47k
Income taxes
€735▼
2022 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€120k€132k▲
Formation expenses20€188-
Fixed assets21/28€30k€11k▼
Intangible fixed assets21€9k€5k▼
Tangible fixed assets22/27€21k€2k▼
Furniture and vehicles24€21k€2k▼
Financial fixed assets28€225€4k▲
Current assets29/58€89k€121k▲
Amounts receivable after more than one year29€29k-
Other amounts receivable291€29k-
Amounts receivable within one year40/41€51k€107k▲
Trade receivables40€7k-
Other amounts receivable41€44k€107k▲
Cash at bank and in hand54/58€8k€863▼
Deferred charges and accrued income490/1€2k€13k▲
Equity and liabilities
Total equity and liabilities10/49€120k€132k▲
Equity10/15€73k€66k▼
Contributions10/11€12k€12k=
Reserves13€60k€54k▼
Distributable reserves133€60k€54k▼
Profit (loss) carried forward14€436-
Amounts payable17/49€47k€66k▲
Amounts payable within one year42/48€47k€58k▲
Current portion of amounts payable after more than one year42-€6k
Financial debts43€955€6k▲
Credit institutions430/8€955€6k▲
Trade debts44€8k€17k▲
Suppliers440/4€8k€17k▲
Taxes, remuneration and social security45€37k€28k▼
Taxes450/3€37k€26k▼
Remuneration and social security454/9-€1k
Other amounts payable47/48€1k€1k=
Accrued charges and deferred income492/3-€7k
Income statement
Code20222023
Non-recurring operating income76A€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€5k€12k▲
Non-recurring operating charges66A€415-
Gross operating margin9900€87k€11k▼
Operating profit (loss)9901€76k€-6k▼
Financial income75/76B€696€1k▲
Recurring financial income75€696€1k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€75k€-6k▼
Income taxes67/77€26k€735▼
Profit (loss) for the period9904€49k€-7k▼
Profit (loss) for the period to be appropriated9905€49k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€-6k▼
Profit (loss) brought forward from the previous period14P€13€436▲
Transfer from equity791/2-€6k
Transfer to equity691/2€49k-
To other reserves6921€49k-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-03
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · ADB PROPERTIES SRL AVENUE DE L’ ESTREE 66, 1420 BRAINE-L’ALLEUD · event 27-02-2025
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-7k ▼114%
Net result drops to €-7k, the lowest in the series.
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2019net €49k ▲194%
Operating result €76k, net result €49k, both a record.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
30-09
Financial
Liquidity times 8current ratio 1.94
Current ratio from 0.24 to 1.94.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Braine-l'Alleud · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue de l' Estrée 661420 Braine-l'AlleudGround area
1,417 m²
Building footprint
577 m²
Volume, LiDAR
8,410 m³
2 parcels, Brussels, Wallonia · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Kolonel Bourgstraat 107, 1140 Evere
since 20182.280.899.570
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0131/00W000 | Brussels | 1,262 m² | 1 · 519 m² | 18.4 m · 5 fl. |
| 25742H0793/00S000 | Wallonia | 154 m² | 1 · 58 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PHILIPPE MOENS RUE DE CLAIRVAUX 40,
1348 LOUVAIN-LA-NEUVE |
27-02-2025 → present |
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Of 11,708 companies in sector 68310 we hold annual accounts for 6,875. 5,031 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2018
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68110Buying and selling of own real estate
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.