ADECCO CONSTRUCT
ActiveSummary
ADECCO CONSTRUCT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €264,451 and a net result of €119,485. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 353 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
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Signals
This company filed its last 6 accounts on average 53 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
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- 2020 Turnover -71%, Staff (FTE) -71% on 2019. Cause not known from the registers.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% 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 497,058 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% | 1.6% |
| 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 74% 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 31,324 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.
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €4.8m | €1.4m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €431,475 | €627,959 | €564,677 | ▼ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,535 | €2,511 | - | - | €270 | - |
| Other operating charges640/8 | - | - | €44,612 | €59,767 | €51,149 | ▼ 14.4% |
| Gross operating margin9900 | - | - | €576,674 | €795,606 | €757,484 | ▼ 4.8% |
| Operating profit (loss)9901 | -€20,053 | €261,946 | €100,588 | €107,880 | €141,387 | ▲ 31.1% |
| Financial income75/76B | - | - | €2,596 | €15,788 | €20,438 | ▲ 29.4% |
| Recurring financial income75 | €1,022 | €47 | €2,596 | €15,788 | €20,438 | ▲ 29.4% |
| Financial charges65/66B | - | - | €818 | €646 | €693 | ▲ 7.3% |
| Recurring financial charges65 | €582 | €588 | €818 | €646 | €693 | ▲ 7.3% |
| Debt charges650 | - | €12 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€19,613 | €261,405 | €102,366 | €123,023 | €161,132 | ▲ 31.0% |
| Income taxes67/77 | €2,169 | €70,047 | €27,941 | €32,108 | €41,648 | ▲ 29.7% |
| Profit (loss) for the period9904 | -€21,783 | €191,357 | €74,425 | €90,915 | €119,485 | ▲ 31.4% |
| Profit (loss) for the period to be appropriated9905 | -€21,783 | €191,357 | €74,425 | €90,915 | €119,485 | ▲ 31.4% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €738,712 | €540,212 | €627,802 | €697,906 | ▲ 11.2% |
| Fixed assets21/28 | €28,693 | €26,183 | €24,789 | €24,789 | €25,871 | ▲ 4.4% |
| Tangible fixed assets22/27 | €3,904 | €1,394 | - | - | €1,082 | - |
| Plant, machinery and equipment23 | - | - | - | - | €1,082 | - |
| Financial fixed assets28 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Current assets29/58 | €993,271 | €712,530 | €515,423 | €603,013 | €672,035 | ▲ 11.4% |
| Amounts receivable within one year40/41 | €990,489 | €712,530 | €515,423 | €603,013 | €672,035 | ▲ 11.4% |
| Trade receivables40 | - | - | €174 | - | €9 | - |
| Other amounts receivable41 | - | - | €515,249 | €603,013 | €672,026 | ▲ 11.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €738,712 | €540,212 | €627,802 | €697,906 | ▲ 11.2% |
| Equity10/15 | €403,210 | €594,567 | €404,051 | €494,966 | €264,451 | ▼ 46.6% |
| Contributions10/11 | €225,000 | €225,000 | €225,000 | €225,000 | €225,000 | = |
| Capital10 | - | - | €225,000 | €225,000 | €225,000 | = |
| Issued capital100 | - | - | €225,000 | €225,000 | €225,000 | = |
| Reserves13 | €22,500 | €22,500 | €22,500 | €22,500 | €22,500 | = |
| Non-distributable reserves130/1 | - | - | €22,500 | €22,500 | €22,500 | = |
| Legal reserve130 | - | - | €22,500 | €22,500 | €22,500 | = |
| Profit (loss) carried forward14 | €155,710 | €347,067 | €156,551 | €247,466 | €16,951 | ▼ 93.2% |
| Amounts payable17/49 | €618,754 | €144,145 | €136,160 | €132,836 | €433,455 | ▲ 226% |
| Amounts payable within one year42/48 | €607,897 | €144,145 | €136,160 | €132,836 | €433,455 | ▲ 226% |
| Trade debts44 | €76,420 | €49,647 | €22,170 | €27,526 | €25,765 | ▼ 6.4% |
| Suppliers440/4 | - | - | €22,170 | €27,526 | €25,765 | ▼ 6.4% |
| Taxes, remuneration and social security45 | - | - | €113,990 | €105,310 | €57,690 | ▼ 45.2% |
| Taxes450/3 | - | - | €7,114 | €15,095 | €12,914 | ▼ 14.4% |
| Remuneration and social security454/9 | - | - | €106,876 | €90,215 | €44,775 | ▼ 50.4% |
| Other amounts payable47/48 | - | - | - | - | €350,000 | - |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,783 | €191,357 | €74,425 | €90,915 | €119,485 | ▲ 31.4% |
| + Depreciation and write-downs630 | €2,535 | €2,511 | - | - | €270 | - |
| Operating cash flow (approximation) | -€19,248 | €193,868 | €74,425 | €90,915 | €119,755 | ▲ 31.7% |
| Investment in fixed assets (approximation) | - | €0 | - | €0 | -€1,352 | - |
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
About the unread acts
We know of 24 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
6 establishment units
6 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0132/00N006 | Flanders | 1.1 ha | 1 · 1,027 m² | 17.9 m · 5 fl. |
| 11342A0300/00A000 | Flanders | 5,679 m² | 1 · 1,259 m² | 17.3 m · 5 fl. |
| 21812N0879/00D000 | Brussels | 2,324 m² | 1 · 1,428 m² | 33.8 m · 10 fl. |
| 34353H1645/00A000 | Flanders | 826 m² | 1 · 657 m² | 21.9 m · 6 fl. |
| 45423E0684/00A000 | Flanders | 161 m² | 1 · 161 m² | 15.2 m · 5 fl. |
| 51004D0630/00D000 | Wallonia | 147 m² | 1 · 122 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 holdingOwners 0
No owner stated in the accounts, acts or LEI register we read.
Holdings 1
-
0.01%
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 856 EUR awarded · 856 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 788 EUR | 788 EUR |
| 2022 | 1 | 68 EUR | 68 EUR |
Similar companies · same sector, comparable size
Identification & contact
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.