ADC-CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for ADC-CONSTRUCT according to publications in the Belgian State Gazette; curator: WERENFRIED SCHWAGTEN.
Summary
The 2024 annual accounts show negative equity (€-2k) and a net result of €-18k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
181921222324
2018 to 2024 · latest year €-2k
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-2k
2023 · €16k
2018: €2k
2019: €20k▲ +994% vs 2018
2021: €38khighest value
2022: €12k▼ -68.8% vs 2021
2023: €16k▲ +32.3% vs 2022
2024: €-2k▼ -113% vs 2023lowest value
2018 → 2024
Total assets
€83k▲ 17.8%
2023 · €71k
2018: €71k
2019: €68k▼ -3.7% vs 2018lowest value
2021: €109khighest value
2022: €84k▼ -23.1% vs 2021
2023: €71k▼ -15.2% vs 2022
2024: €83k▲ +17.8% vs 2023
2018 → 2024
Net result
€-18k
2023 · €4k
2018: €-8k
2019: €18k▲ +334% vs 2018highest value
2021: €13k
2022: €-26k▼ -296% vs 2021lowest value
2023: €4k▲ +115% vs 2022
2024: €-18k▼ -564% vs 2023
2018 → 2024
Working capital
€-12k
2023 · €8k
2018: €912
2019: €19k▲ +1995% vs 2018
2021: €30khighest value
2022: €9k▼ -71.5% vs 2021
2023: €8k▼ -1.7% vs 2022
2024: €-12k▼ -246% vs 2023lowest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Equity€20k-€38k▲ 90.0%€12k▼ 68.8%€16k▲ 32.3%€-2k
2019: €20k
2021: €38khighest value
2022: €12k▼ -68.8% vs 2021
2023: €16k▲ +32.3% vs 2022
2024: €-2k▼ -113% vs 2023lowest value
Operating result€26k-€20k▼ 24.6%€-25k€6k€-12k
2019: €26khighest value
2021: €20k
2022: €-25k▼ -228% vs 2021lowest value
2023: €6k▲ +124% vs 2022
2024: €-12k▼ -302% vs 2023
Net result€18k-€13k▼ 26.5%€-26k€4k€-18k
2019: €18khighest value
2021: €13k
2022: €-26k▼ -296% vs 2021lowest value
2023: €4k▲ +115% vs 2022
2024: €-18k▼ -564% vs 2023
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 2024: a loss of €12k after €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €83k
Fixed assets
€35k ▲ 140%
Current assets
€49k ▼ 13.8%
Key figures and ratios
EBITDA
€-38▼
2023 · €12k
Cash flow
€-5k▼
2023 · €10k
Solvency
-2.5%▼
2023 · 21.9%
Current ratio
0.80▼
2023 · 1.18
Quick ratio
0.72▼
2023 · 1.07
Debt to equity
-40.99▼
2023 · 3.56
ROA
-21.1%▼
2023 · 5.4%
Interest coverage
-0.01▼
2023 · 4.29
Debt
€86k▲
2023 · €55k
Debt ≤ 1 year
€61k▲
2023 · €48k
Debt > 1 year
€25k▲
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€71k€83k▲
Fixed assets21/28€14k€35k▲
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€11k€32k▲
Plant, machinery and equipment23€594€116▼
Furniture and vehicles24€996€485▼
Leasing and similar rights25€9k€31k▲
Financial fixed assets28€2k€2k=
Current assets29/58€56k€49k▼
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€50k€43k▼
Trade receivables40€47k€38k▼
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€11-
Deferred charges and accrued income490/1€1k€884▼
Equity and liabilities
Total equity and liabilities10/49€71k€83k▲
Equity10/15€16k€-2k▼
Contributions10/11€6k€6k=
Reserves13€18k€18k=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14€-9k€-26k▼
Amounts payable17/49€55k€86k▲
Amounts payable after more than one year17€7k€25k▲
Financial debts170/4€7k€25k▲
Amounts payable within one year42/48€48k€61k▲
Current portion of amounts payable after more than one year42€4k€10k▲
Financial debts43€13k€15k▲
Credit institutions430/8€13k€15k▲
Trade debts44€23k€26k▲
Suppliers440/4€23k€26k▲
Taxes, remuneration and social security45€3k€1k▼
Taxes450/3€3k€1k▼
Other amounts payable47/48€5k€9k▲
Income statement
Code20232024
Non-recurring operating income76A€182-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€12k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€14k€2k▼
Operating profit (loss)9901€6k€-12k▼
Financial income75/76B€421€2▼
Recurring financial income75€421€2▼
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€4k€-18k▼
Income taxes67/77€-126-
Profit (loss) for the period9904€4k€-18k▼
Profit (loss) for the period to be appropriated9905€4k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-26k▼
Profit (loss) brought forward from the previous period14P€-13k€-9k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €15k | - | €182 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €11k | €6k | €12k | ▲ 97.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-2k | - | - | - |
| Other operating charges640/8 | - | €2k | €3k | €2k | €2k | ▲ 6.2% |
| Gross operating margin9900 | €38k | €32k | €-13k | €14k | €2k | ▼ 87.7% |
| Operating profit (loss)9901 | €26k | €20k | €-25k | €6k | €-12k | ▼ 302% |
| Financial income75/76B | - | €571 | €861 | €421 | €2 | ▼ 99.5% |
| Recurring financial income75 | €111 | €571 | €861 | €421 | €2 | ▼ 99.5% |
| Financial charges65/66B | - | €3k | €2k | €3k | €5k | ▲ 80.5% |
| Recurring financial charges65 | €4k | €3k | €2k | €3k | €5k | ▲ 80.5% |
| Profit (loss) for the period before taxes9903 | €22k | €18k | €-26k | €4k | €-18k | ▼ 580% |
| Income taxes67/77 | €5k | €4k | €-609 | €-126 | - | - |
| Profit (loss) for the period9904 | €18k | €13k | €-26k | €4k | €-18k | ▼ 564% |
| Profit (loss) for the period to be appropriated9905 | €18k | €13k | €-26k | €4k | €-18k | ▼ 564% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68k | €109k | €84k | €71k | €83k | ▲ 17.8% |
| Fixed assets21/28 | €15k | €27k | €21k | €14k | €35k | ▲ 140% |
| Intangible fixed assets21 | - | - | €3k | €2k | €2k | ▼ 30.0% |
| Tangible fixed assets22/27 | €15k | €25k | €16k | €11k | €32k | ▲ 195% |
| Plant, machinery and equipment23 | - | €553 | €1k | €594 | €116 | ▼ 80.4% |
| Furniture and vehicles24 | - | €2k | €2k | €996 | €485 | ▼ 51.3% |
| Leasing and similar rights25 | - | €22k | €14k | €9k | €31k | ▲ 239% |
| Financial fixed assets28 | - | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €53k | €82k | €63k | €56k | €49k | ▼ 13.8% |
| Stocks and contracts in progress3 | - | - | - | €5k | €5k | = |
| Stocks30/36 | - | - | - | €5k | €5k | = |
| Amounts receivable within one year40/41 | €48k | €75k | €61k | €50k | €43k | ▼ 14.4% |
| Trade receivables40 | - | €61k | €38k | €47k | €38k | ▼ 19.2% |
| Other amounts receivable41 | - | €13k | €23k | €3k | €5k | ▲ 52.9% |
| Cash at bank and in hand54/58 | €4k | €7k | - | €11 | - | - |
| Deferred charges and accrued income490/1 | - | €786 | €2k | €1k | €884 | ▼ 39.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68k | €109k | €84k | €71k | €83k | ▲ 17.8% |
| Equity10/15 | €20k | €38k | €12k | €16k | €-2k | ▼ 113% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €14k | €31k | €18k | €18k | €18k | = |
| Non-distributable reserves130/1 | - | €680 | €680 | - | - | - |
| Reserves not available under the articles1311 | - | €680 | €680 | - | - | - |
| Distributable reserves133 | - | €31k | €18k | €18k | €18k | = |
| Profit (loss) carried forward14 | - | - | €-13k | €-9k | €-26k | ▼ 199% |
| Amounts payable17/49 | €48k | €71k | €72k | €55k | €86k | ▲ 54.6% |
| Amounts payable after more than one year17 | €14k | €19k | €15k | €7k | €25k | ▲ 235% |
| Financial debts170/4 | - | €19k | €15k | €7k | €25k | ▲ 235% |
| Amounts payable within one year42/48 | €34k | €52k | €54k | €48k | €61k | ▲ 27.0% |
| Current portion of amounts payable after more than one year42 | - | €9k | €5k | €4k | €10k | ▲ 141% |
| Financial debts43 | - | - | €775 | €13k | €15k | ▲ 19.8% |
| Credit institutions430/8 | - | - | €775 | €13k | €15k | ▲ 19.8% |
| Trade debts44 | €13k | €31k | €44k | €23k | €26k | ▲ 9.9% |
| Suppliers440/4 | - | €31k | €44k | €23k | €26k | ▲ 9.9% |
| Taxes, remuneration and social security45 | - | €12k | €5k | €3k | €1k | ▼ 50.4% |
| Taxes450/3 | - | €10k | €5k | €3k | €1k | ▼ 50.4% |
| Remuneration and social security454/9 | - | €2k | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €5k | €9k | ▲ 78.3% |
| Accrued charges and deferred income492/3 | - | - | €3k | - | - | - |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €13k | €-26k | €4k | €-18k | ▼ 564% |
| + Depreciation and write-downs630 | €10k | €10k | €11k | €6k | €12k | ▲ 97.0% |
| Operating cash flow (approximation) | €28k | €23k | €-15k | €10k | €-5k | ▼ 152% |
| Investment in fixed assets (approximation) | - | - | €-5k | €0 | €-33k | - |
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
15-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 09-04-2026
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 333 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series.
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brasschaat · 1 establishment unit since 2015
Ground area
226 m²
Building footprint
131 m²
Volume, LiDAR
443 m³
Parcel 11008G0014/00H000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ADC-CONSTRUCT
since 20152.243.170.629
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008G0014/00H000 | Flanders | 226 m² | 1 · 131 m² | 6.9 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WERENFRIED SCHWAGTEN PRINS BOUDEWIJN-
LAAN 177-179, 2610 WILRIJK (ANTWERPEN)- |
09-04-2026 → present |
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Of 4,014 companies in sector 43310 we hold annual accounts for 1,746. 1,228 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43320Joinery installation
43422Screed work
46130Agents in the wholesale of timber and building materials
46831Wholesale of construction materials, general range
Scores and ratios are computed by Checked and are not a credit decision.