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ADECCO CONSTRUCT

Active Public limited companyfounded 2002active for 24 yearsNoordkustlaan 16B, 1702 DilbeekKBO/BCE: BE 0476.991.065 subsidiary of Adecco Group AG
ADECCO CONSTRUCT
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Overview

Lifetime

20 annual accounts with figures on one time axis, 24 filings since 2002
peak €7.2m (2017)
-not published
lowest -€21,783 (2019)
€91,175▼ 23.7%
peak €4.5m (2017)
€355,626▲ 34.5%
€133,174▼ 69.3%
peak 123 FTE (2017)
11.4 FTE▲ 23.9%
Board14 names since 2019all names
4 directorsSonia Frey and 3 others
Owners4 names in the annual accounts
99.96%Adecco Group and 2 others
Documentsfilings and deeds
17-06-202644 days before the deadline
2025financial year
Staff from 9.2 FTE to 11.4 FTE1 director appointed, 1 resignation, 3 reappointments 14-10Equity from €264,451 to €355,626Debts from €433,455 to €133,174

Key points

from the 2025 annual accounts

Equity

€355,626 from €4.5m in 2017

Equity fell by 92% in 8 years.

Turnover

≈ €2.0m estimated

The accounts state no turnover.

Staff

11.4 FTE from 123 in 2017

Between 2017 and 2025, 91% of the full-time equivalents disappeared.

Liquidity

3.48 was 1.55 in 2024

Short-term debts fell from €433,455 to €133,174.

Filings

24 annual accounts since 2002
AprilJune31 JulyOctober20102020

The last five annual accounts were filed 44 to 64 days before the end of the period.

Board

1 joined · 2 left

Board changed. Latest change 01-10-2026 · 3 in office.

Checked score

90
Excellent
Financially stronger than 85% of small companies in employment activities (NACE 78)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 195 companies (NACE 78, small).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2%lowest value 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.3 percentage points vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.6%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 0.5%▼ -0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.3%▼ -0.2 percentage points vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength
Strong

98+35equity 72.8% of total assets
78+43short-term debt 27.2%
92+2return on assets 18.7%

Score breakdown

raises risk
Liquidity: current ratio 3.48
lowers risk
Founded in 2002
Equity €355,626 (72.8% of total assets)
Profit of €91,175 (financial year 2025)
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 78, small). It does better than 87% of them on solvency, 82% on liquidity, 84% on profitability and 85% on growth.

The bankruptcy probability was computed on 06-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 20,137 companies had the same profile as ADECCO CONSTRUCT has now. Each dot stands for 51 companies, two years later.

95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of ADECCO CONSTRUCT itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 20,137 companies, not a prediction for ADECCO CONSTRUCT. 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.

Credit verdict

Credit of up to €30,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.48 (1.55 in 2024), above the usual 1.5. Short-term debt is 27.2% of total assets. 27.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2002
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 3.48
NBB · annual accounts
lowers risk · Equity €355,626 (72.8% of total assets)
NBB · annual accounts
lowers risk · Profit of €91,175 (financial year 2025)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
44 days early
2024
64 days early
2023
44 days early
2022
45 days early
2021
52 days early
2020
58 days early
2019
53 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 51 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

SF
Sonia Frey
Director, since 01-01-2019
FT
Francesca Tornaghi
Director, since 01-09-2025
KH
Kevin HABERMEHL
Director
BP
BV PwC Bedrijfsrevisoren
Auditor, Anke Verrijssen

Shares in 1 company, ADECCO PROFESSIONAL STAFFING

Board & ownership

Recent changes

1 director appointed, 1 statutory auditor appointed, 2 resignations Resignations: Aurélie CALOUCHE and EMPASS BV · Permanent representatives: Jan Dekeyser and Anke Verrijssen · Appointments: Kevin HABERMEHL and PwC Bedrijfsrevisoren BV (statutory auditor) · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0476991065
1 director appointed, 1 resignation, 3 reappointments Resignation: Alexandra Bishop · Appointment: Francesca Tornaghi · Reappointments: Sonia Frey, Aurélie Calouche and Empass BV · General meeting of 29-09-2025 · Gazette deed
New statutory auditor PwC Bedrijfsrevisoren BV appointed, Ernst & Young Bedrijfsrevisoren resigned · Permanent representatives: Han Wevers and Anke Verrijssen · General meeting of 16-05-2024 · Gazette deed
All 51 events

Comparable companies

same main activity, similar in size and age
Company
ADECCO CONSTRUCT Dilbeek €488,800 €0.8m 72.8% 11.4
écoconso Namur €701,858 €0.6m 67.3% 7.9
TRAXION Kontich €768,614 €1.2m 15.0% 11.2
Comark Kontich €588,919 €0.4m 42.7% 6
Step2Work Genk €514,332 €1.6m 18.2% 19.9
JOBCONNECTION Leuven €141,117 €0.8m -49.3% 6.8
SMART TEAM Charleroi €672,387 €1.2m 23.3% 35.2

These companies have the same main activity as ADECCO CONSTRUCT: temporary employment agencies and other provision of personnel (NACE 78200). They are comparable in size and age: total assets between €141,000 and €769,000, founded between 2001 and 2011.

Official details

Source: KBO
Status
Active since 05-03-2002Normal situation
Activity
Temporary employment agencies and other provision of personnelNACE 78200
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment units
2.142.463.5464040 Herstal, since 25-02-2002
2.142.464.8332100 Antwerp, since 01-05-2002and 4 others
Financial year end
31 December
Peppol
Reachable since 06-03-2026
Company details

Annual accounts 2025

€840,856▲ 11.0%
€91,175▼ 23.7%
€355,626▲ 34.5%
€488,800▼ 30.0%
11.4 FTE▲ 23.9%
Filing
Filed on 17-06-2026, 44 days before the end of the filing period
Financials

Insights on ADECCO CONSTRUCT

ADECCO CONSTRUCT has existed since 2002. Turnover fell from €4.8m in 2019 to €1.4m in 2020 and staff from 78 to 22.4 full-time equivalents.

Solvency rose in 2025 from 37.9% to 72.8% because of the retained profit and lower debts.

Adecco Group holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 17-06-2026, 44 days before the deadline
€840,856
▲ 11.0%
€112,181
▼ 20.7%
€112,452
▼ 20.6%
€91,445
▼ 23.6%
72.8%
▲ 34.9 percentage points
3.48
▲ 1.93

Money flows

no detail for 2025

Balance sheet

balance sheet total €488,800 on 31-12-2025
What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

72.8%

Higher than 85% of 315 companies in 2025.

3.48

Higher than 82% of 313 companies in 2025.

18.7%

Higher than 85% of 315 companies in 2025.

ADECCO CONSTRUCT Middle half of the sector 80% of the sector Full accounts in employment activities (NACE 78)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half · Staff: bottom quarter

Staff

Men and women

Not in that year's accounts.

€60,487

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, 94 people joined and 94 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 488,800697,906627,802540,212834,533738,7121.0m1.7m5.1m4.9m4.1m3.6m3.5m3.7m2.8m2.1m2.0m1.9m1.3m2.1m
21/28 25,60025,87124,78924,78924,78926,18328,69331,22825,20325,34925,49525,29925,29925,29925,29925,74926,29027,76630,22034,907
22/27 8111,082---1,3943,9046,439414560706----4509912,4674,9219,410
23 8111,082---1,3943,7826,171-------4509911,9933,7927,626
24 ------122268414560706------4741,1291,784
28 24,78924,78924,78924,78924,78924,78924,78924,78924,78924,78924,78925,29925,29925,29925,29925,29925,29925,29925,29925,497
284/8 -----24,78924,78924,78924,78924,78924,78925,29925,29925,29925,29925,29925,29925,29925,29925,497
285/8 -----24,78924,78924,78924,78924,78924,78925,29925,29925,29925,29925,29925,29925,29925,29925,497
29/58 463,200672,035603,013515,423809,744712,530993,2711.7m5.0m4.9m4.1m3.6m3.4m3.7m2.8m2.1m2.0m1.9m1.3m2.0m
40/41 463,200672,035603,013515,423809,744712,530990,4891.7m5.0m4.8m4.1m3.6m3.4m3.7m2.8m2.1m2.0m1.9m1.2m2.0m
40 -9-1748467,7183,6688,4948873032,5406,8031,0525,0845,024----6,111
41 463,200672,026603,013515,249808,898704,812986,8211.7m5.0m4.8m4.0m3.5m3.4m3.6m2.8m2.1m2.0m1.9m1.2m2.0m
54/58 --------92---------86,19762,732
490/1 ------2,7817,9076,41142,7844,4205,8133,8404,1683,6252,1972,2352,3584,0393,847
Balance sheet: equity and liabilities
10/49 488,800697,906627,802540,212834,533738,7121.0m1.7m5.1m4.9m4.1m3.6m3.5m3.7m2.8m2.1m2.0m1.9m1.3m2.1m
10/15 355,626264,451494,966404,051329,626594,567403,210424,9934.5m4.1m3.5m3.2m3.1m2.7m2.1m1.8m1.5m1.2m837,622579,680
10/11 225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000
10 225,000225,000225,000225,000225,000---------------
100 225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000
13 22,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,500
130/1 22,50022,50022,50022,50022,50022,500--------------
130 22,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,50022,500
14 108,12616,951247,466156,55182,126347,067155,710177,4934.2m3.8m3.3m3.0m2.8m2.4m1.9m1.5m1.2m994,244590,122332,180
16 -----------------857857857
160/5 -----------------857857857
164/5 -----------------857857857
17/49 133,174433,455132,836136,160504,907144,145618,7541.3m603,016823,188564,665361,192391,072998,995697,292325,929535,316662,436471,1361.5m
42/48 133,174433,455132,836136,160504,907144,145607,8971.3m603,016823,188564,665361,192391,072998,995697,292325,929534,616660,936470,1361.5m
44 32,99125,76527,52622,17028,26149,64776,420123,07092,661138,70974,54471,63452,683107,15757,74975,54783,31528,46836,759241,399
440/4 32,99125,76527,52622,17028,26149,64776,420123,07092,661138,70974,54471,63452,683107,15757,74975,54783,31528,46836,759241,399
45 100,18357,690105,310113,99076,34693,599528,528174,788509,125683,849489,820289,557338,389754,976606,918250,015450,305632,467433,0201.3m
450/3 12,51412,91415,0957,1144,1117,045113,41125,74741,894177,560123,86852,44945,822297,247206,20411,160114,578132,58762,76691,976
454/9 87,66944,77590,215106,87672,23586,554415,117149,041467,231506,290365,952237,109292,567457,729400,714238,854335,727499,881370,2541.2m
47/48 -350,000--400,3008992,9501.0m1,230630300--136,86232,625367996-357-
492/3 ------10,856---------7001,5001,0001,800
Income statement
70/76A -----1.4m4.9m5.2m7.7m7.3m5.2m4.2m4.4m5.5m4.7m3.7m4.4m5.1m5.1m5.9m
70 -----1.4m4.8m5.0m7.2m6.9m4.9m4.0m4.2m5.2m4.4m3.5m4.2m4.9m4.9m5.5m
9900 840,856757,484795,606576,674973,373---------------
60/66A -----1.2m4.9m4.8m7.0m6.5m4.8m4.0m3.9m4.7m4.1m3.3m4.1m4.6m4.7m5.5m
61 -----20,756125,985176,152135,328155,86999,070103,32287,74784,77975,70478,45381,003110,628127,030239,158
62 689,550564,677627,959431,475733,1081.1m4.6m4.4m6.4m6.0m4.5m3.7m3.6m4.3m3.8m3.1m3.7m4.2m4.3m4.9m
630 270270--1,3932,5112,5351,14214614624---4505401,4292,4543,16110,764
635/8 -----------------857---782
640/8 38,85451,14959,76744,61254,60881,604227,893243,309470,763313,420257,931218,756207,312254,117300,240164,892318,174269,166277,329358,198
66A ----------------47-1,327630
9901 112,181141,387107,880100,588184,264261,946-20,053344,211618,564823,579425,951200,017529,435820,576515,973376,906326,754573,530393,289414,567
75/76B 12,02420,43815,7882,596-471,0224,4325,0065,46512,26416,32616,18317,37927,99815,26116,62338,75011,7439,431
75 12,02420,43815,7882,596-471,0224,4325,0065,46512,26416,32616,18317,37927,99815,26116,62338,75011,7439,431
751 -----301,0054,3865,0005,46512,26416,32616,16717,37727,99815,26116,62338,74910,9468,608
752/9 -----171646600-172---1797823
65/66B 8016936468181,0705885825455374664404424544013902623115188,4421,209
65 8016936468181,0705885825455374664404424544013902623115188,4421,209
650 -----12-----30-----797,745474
652/9 -----576582545537466440412454401390262311438697735
9903 123,405161,132123,023102,366183,194261,405-19,613348,098623,033828,578437,775215,900545,164837,555543,582391,904343,019611,763395,263422,159
67/77 32,23041,64832,10827,94148,13570,0472,169121,429226,014275,024139,90755,612169,862269,823186,405102,237114,780207,641137,321201,481
670/3 -----70,0474,447121,429226,014278,687139,91556,224169,862270,005186,405102,237114,921209,791139,396201,481
77 ------2,278--3,6637612-183--1412,1502,075-
9904 91,175119,48590,91574,425135,059191,357-21,783226,669397,018553,554297,867160,289375,303567,732357,177289,667228,239404,122257,942220,678
9905 91,175119,48590,91574,425135,059191,357-21,783226,669397,018553,554297,867160,289375,303567,732357,177289,667228,239404,122257,942220,678
Appropriation of the result
9906 108,126366,951247,466156,551482,126347,067155,7104.4m4.2m3.8m3.3m3.0m2.8m2.4m1.9m1.5m1.2m994,244590,122332,180
14P 16,951247,466156,55182,126347,067---------------
694/7 -350,000--400,000--4.3m------------
694 -350,000--400,000--4.3m------------
Social balance sheet
9087 11.49.210.47.614.522.47886.712311990.473.372.485.680.167.981.696.2100.7115
Men (FTE)1003 -----21.872.678115.2111.983.465.268.182.5------
Women (FTE)1003 -----0.65.48.77.87.178.14.33.1------
Agency workers1501 -----0.10.60.20.9---0.30.2---0.1-0.5
Hours worked1013 20,02916,24818,31413,410-38,080137,085151,510215,149208,370155,680127,453126,716150,057140,584118,239143,169165,388173,884202,712
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The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 17-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 17-06-2026 2026-00178766 PDF
31-12-2024 abbreviated format 28-05-2025 2025-00110626 PDF
31-12-2023 abbreviated format 17-06-2024 2024-00142306 PDF
31-12-2022 abbreviated format 16-06-2023 2023-00140807 PDF
31-12-2021 abbreviated format 09-06-2022 2022-20062199 PDF
31-12-2020 full format 03-06-2021 2021-16900490 PDF
31-12-2019 full format 08-06-2020 2020-15400293 PDF
31-12-2018 full format 17-06-2019 2019-19300023 PDF
31-12-2017 full format 04-06-2018 2018-15800103 PDF
31-12-2016 full format 06-06-2017 2017-15500366 PDF
31-12-2015 full format 09-06-2016 2016-16700311 PDF
31-12-2014 full format 05-06-2015 2015-15300095 PDF
31-12-2013 full format 05-06-2014 2014-15700544 PDF
31-12-2012 full format 11-06-2013 2013-16900164 PDF
31-12-2011 full format 23-05-2012 2012-12400460 PDF
31-12-2010 full format 10-06-2011 2011-15800402 PDF
31-12-2009 full format 11-08-2010 2010-40500386 PDF
31-12-2008 full format 26-06-2009 2009-32800397 PDF
31-12-2007 full format 03-07-2008 2008-36000181 PDF
31-12-2006 full format 16-07-2007 2007-41200014 PDF
31-12-2005 full format 23-06-2006 2006-30603898 PDF
31-12-2004 full format 30-06-2005 2005-38301651 PDF
31-12-2003 full format 23-07-2004 2004-49704033 PDF
31-12-2002 full format 30-07-2003 2003-54305272 PDF

Subsidies and aid

Flemish government 2022 to 2023, 2 entries, €856 awarded, €856 paid

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
€856
Year Entries AwardedPaid
2023 1 €788€788
2022 1 €68€68

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
112,452141,658--185,657264,457-17,518345,353618,710823,725425,975---516,423377,446328,183575,984396,450425,331
91,445119,755--136,452193,868-19,248227,811397,165553,700297,892---357,627290,207229,668406,576261,103231,442
01,352---1007,16700731---00-470-1,5262,703
------------------23,465-
330,026238,580470,177379,262304,837568,385385,373393,7654.4m4.0m3.5m3.2m3.0m2.7m2.1m1.7m1.4m1.2m809,259547,430
-----18.7%-0.4%6.8%8.5%12.0%8.7%5.0%12.6%15.8%11.8%10.9%7.8%11.7%8.1%7.5%
72.8%37.9%78.8%74.8%39.5%80.5%39.5%24.6%88.1%83.2%86.2%89.9%88.7%72.9%75.2%84.4%73.3%65.2%64.0%27.9%
3.481.554.543.791.604.941.631.308.375.927.199.858.763.664.006.323.702.842.721.37
0.371.640.270.341.530.241.533.060.130.200.160.110.130.370.330.190.360.530.562.58
25.6%45.2%18.4%18.4%41.0%32.2%-5.4%53.3%8.9%13.6%8.5%5.0%12.3%21.1%16.9%16.5%15.5%32.5%30.8%38.1%
18.7%17.1%14.5%13.8%16.2%25.9%-2.1%13.1%7.8%11.3%7.3%4.5%10.9%15.4%12.7%13.9%11.4%21.2%19.7%10.6%
over 100over 100--over 100over 100-----------over 10051.19over 100
-----2 days0 days1 day0 days0 days2 days1 day0 days0 days0 days216 days172 days140 days89 days0 days
-----873 days221 days255 days250 days325 days275 days253 days219 days461 days278 days351 days375 days94 days106 days368 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Revenue breakdown

as filed

By activity 2020

  • Interim €1,400,609100.0%

Source: 2020 accounts, page 19, filing 2021-16900490

All years (2007 to 2020)
By activity20072008200920102011201220132014201520162017201820192020
Interim€4,819,543€4,883,150€4,162,375€3,455,994€4,362,417€5,179,090€4,173,508€3,927,227€4,882,850€6,850,873€7,217,578€4,981,952€4,754,647€1,400,609
Selectie€30,555€21,342€30,108€17,020-€30,724€16,451€36,597€25,245€25,979€21,531€44,526€5,101€0
Compensatievergoeding----€13,860---------
Total€4,850,098€4,904,492€4,192,483€3,473,014€4,376,277€5,209,815€4,189,959€3,963,824€4,908,096€6,876,852€7,239,109€5,026,478€4,759,748€1,400,609

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-2022
11.49.210.47.6
Joined94747769
Left94747769

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€1,352---
€270€270--€1,393

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ADECCO CONSTRUCT

The operating result for 2025 is 21% lower than in 2024.

Debt's share of the balance-sheet total falls from 62.1% to 27.2%. Equity is higher and debt is lower.

Board & ownership

Board

3 directors, 1 auditor, last change in October 2026
Sonia Frey
Director
since 01-01-2019 term until 15-05-2030
listed in the 2025 annual accounts, filed on 17-06-2026
Francesca Tornaghi
Director
since 01-09-2025 term until 15-05-2030
listed in the 2025 annual accounts, filed on 17-06-2026
Kevin HABERMEHL
Director
appointed by deed of 16-10-2026
BV PwC Bedrijfsrevisoren
Statutory auditor, permanent representative Anke Verrijssen
since 16-05-2024 3-year term from 2024
listed in the 2025 annual accounts, filed on 17-06-2026

Office holders in the KBO →

Mandates through the years

14 names, the dashed line is today
Show
Sonia Frey
Director
Francesca Tornaghi
Director
Kevin HABERMEHL
Director
BV PwC Bedrijfsrevisoren
Statutory auditor
Empass
Director
Aurélie Calouche
Director
Alexandra Bishop
Director
EY Bedrijfsrevisoren BV
Statutory auditor
Ruben Van Opstaele
Director
Christophe Catoir
Director
Wim Six
Director
Biyaadhoo BV
Director
Marc Dutruy
Director
Nicole Burth
Director
BoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
  • Sonia Frey
    • Director, from 01-01-2019 to date
  • Francesca Tornaghi
    • Director, from 01-09-2025 to date
  • Kevin HABERMEHL
    • Director, appointed by deed of 16-10-2026, still in office
  • BV PwC Bedrijfsrevisoren
    • Statutory auditor, from 16-05-2024 to date
  • Empass
    • Director, appointed by deed of 17-11-2020, until 01-10-2026
  • Aurélie Calouche
    • Director, appointed by deed of 04-11-2022, until 01-09-2026
  • Alexandra Bishop
    • Director, appointed by deed of 05-07-2021, until 01-09-2025
  • EY Bedrijfsrevisoren BV
    • Statutory auditor, from 20-05-2020 to 16-05-2024
  • Ruben Van Opstaele
    • Director, appointed by deed of 12-05-2021, until 01-10-2022
  • Christophe Catoir
    • Director, appointed by deed of 17-11-2020, until 21-06-2021
  • Wim Six
    • Director, until 12-05-2021
  • Biyaadhoo BV
    • Director, until 14-10-2020
  • Marc Dutruy
    • Director, until 14-10-2020
  • Nicole Burth
    • Director, until 14-10-2020

See the board, name and registered office on a given date →

Control

Consolidating parent
Adecco Group AG CH
consolidates
This company
ADECCO CONSTRUCT
Equity €355,626
Profit €91,175 in 2025

and 2 other shareholders

Capital

Capital
€225,000
Shares
2,250
Contribution per share
€100
Equity per share
€158 in 2025
Source
deed of 19-02-2024

Owners through the years

as the annual accounts name them
Adecco Group CH
99.96%
ADECCO PROFESSIONAL STAFFING
0.04%
Adecco Group AG CH
consolidates
consolidates
Adecco SA CH
consolidates
consolidates until 2015
Owners as a list

Source: shareholder structure in its own accounts, parent in its own accounts

Articles of association

deed of 19-02-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
“Raad van bestuur, raad kan voorzitter benoemen; bij ontstentenis of afwezigheid wordt voorzitterschap waargenomen door bestuurder aangeduid…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Wednesday of May at 10:30
Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Alle machten genoemd in artikel 2:87 Wetboek van vennootschappen en verenigingen zonder bijzondere machtiging, algemene vergadering kan te…”

Shareholders

3 owners

Owners 3

Network & group

Parent

Adecco Group AG
Switzerland

At the same address

Noordkustlaan 16B, 1702 Dilbeek · 5 other companies
ADECCO PERSONNEL SERVICES
establishment since 01-02-2000 · founded in 1961 · group Adecco Group AG
 8,440 FTE (2025)
0404.221.962
Akkodis Belgium Holding
registered office since 26-07-2021 · founded in 2021
 total assets €257.2m (2025)
0771.723.486
Akkodis Belgium
registered office since 01-01-2023 · founded in 1988
 677 FTE (2025)
0435.968.478
ADECCO COORDINATION CENTER
registered office since 26-07-1990 · founded in 1990
 71 FTE (2025)
0441.164.215
ADECCO PROFESSIONAL STAFFING
registered office since 14-04-1971 · founded in 1971
 156 FTE (2025)
0408.236.079

Earlier ties

ADECCO PERSONNEL SERVICES
via Empass, at ADECCO CONSTRUCT until 2026 · Director · deed of 14-10-2025
founded in 1961 · group Adecco Group AG
 8,440 FTE (2025)
ADECCO COORDINATION CENTER
via Empass, at ADECCO CONSTRUCT until 2026 · Director · deed of 14-10-2025
founded in 1990
 71 FTE (2025)

Holdings and subsidiaries

1 holding

Holdings 1

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

51 events since 2002

Deadline for the 2026 accounts: 31-07-2027

2026
1 director appointed, 1 statutory auditor appointed, 2 resignationsResignations: Aurélie CALOUCHE and EMPASS BV · Permanent representatives: Jan Dekeyser and Anke Verrijssen · Appointments: Kevin HABERMEHL and PwC Bedrijfsrevisoren BV (statutory auditor)9 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed NBBfull format · 44 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0476991065
2025
Liquidity more than doubled current ratio 3.48 The current ratio rises from 1.55 to 3.48. Short-term debt falls from €433,455 to €133,174.
1 director appointed, 1 resignation, 3 reappointmentsResignation: Alexandra Bishop · Appointment: Francesca Tornaghi · Reappointments: Sonia Frey, Aurélie Calouche and Empass BV · General meeting of 29-09-202511 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFabbreviated format · 64 days before the deadline
2024
New statutory auditorPwC Bedrijfsrevisoren BV appointed, Ernst & Young Bedrijfsrevisoren resigned · Permanent representatives: Han Wevers and Anke Verrijssen · General meeting of 16-05-20245 points ▸
  • General meeting, 16-05-2024
  • Auditor resignation, Ernst & Young Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Han Wevers
  • Auditor appointment, PwC Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Anke Verrijssen

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFabbreviated format · 44 days before the deadline
Amendment of the articlesGeneral meeting of 28-12-20232 points ▸
  • General meeting, 28-12-2023
  • Capital, €225,000, 2,250 shares
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2023
Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Han Wevers · General meeting of 16-05-20233 points ▸
  • General meeting, 16-05-2023
  • Auditor reappointment, EY Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Han Wevers

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 45 days before the deadline
2022
Liquidity more than doubled current ratio 3.79 The current ratio rises from 1.60 to 3.79. Short-term debt falls from €504,907 to €136,160.
Resignation: Ruben Van Opstaele (director)Appointment: Aurélie Calouche (director) · General meeting of 01-10-20223 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · 52 days before the deadline
2021
Resignation: Christophe Catoir (director)Appointment: Alexandra Bishop (director) · General meeting of 21-06-20213 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFfull format · 58 days before the deadline
Resignation: Wim Six (director)Appointment: Ruben Van Opstaele (director) · General meeting of 20-04-20213 points ▸

Open the deed in the Belgian Official Gazette

Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Han Wevers · General meeting of 20-05-20203 points ▸
  • General meeting, 20-05-2020
  • Auditor reappointment, EY Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Han Wevers

Open the deed in the Belgian Official Gazette

2020
Back to profit net €191,357 The net result is €191,357, after one loss-making year.
Liquidity triples current ratio 4.94 The current ratio rises from 1.63 to 4.94. Short-term debt falls from €607,897 to €144,145.
2 directors appointed, 3 resignationsResignations: Nicole Burth, Marc Dutruy and BIYAADHOO BV · Appointments: Empass BV and Christophe Catoir · Permanent representatives: Nico Reeskens and Jan Dekeyser · General meeting of 14-10-202011 points ▸
  • General meeting, 14-10-2020
  • Director resignation, Nicole Burth
  • Director resignation, Marc Dutruy
  • Director resignation, BIYAADHOO BV
  • Director discharge, Nicole Burth
  • Director discharge, Marc Dutruy
  • Director discharge, BIYAADHOO BV
  • Director appointment, Empass BV
  • Director appointment, Christophe Catoir
  • Permanent representative, Nico Reeskens
  • Permanent representative, Jan Dekeyser

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFfull format · 53 days before the deadline
2019
Weakest financial year net -€21,783 The net result drops to -€21,783, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2018 filed PDFfull format · 44 days before the deadline
2018
Annual accounts 2017 filed PDFfull format · 57 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 55 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 52 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 56 days before the deadline
New establishment in Ath Rue du Moulin 26
2014
Annual accounts 2013 filed PDFfull format · 56 days before the deadline
2013
Liquidity more than doubled current ratio 8.76 The current ratio rises from 3.66 to 8.76. Short-term debt falls from €998,995 to €391,072.
Annual accounts 2012 filed PDFfull format · 50 days before the deadline
2012
Highest result from 2006 to 2025 net €567,732 ▲58.9% The net result of €567,732 is the highest of those years.
Annual accounts 2011 filed PDFfull format · 69 days before the deadline
2011
Equity above €2m equity €2.1m ▲20.3% With a profit in every financial year since 2006, equity grows to €2.1m.
Annual accounts 2010 filed PDFfull format · 51 days before the deadline
2010
Annual accounts 2009 filed PDFfull format · 11 days late
2009
Annual accounts 2008 filed PDFfull format · 35 days before the deadline
2008
Equity above €1m equity €1.2m ▲48.2% With a profit in every financial year since 2006, equity grows to €1.2m.
Annual accounts 2007 filed PDFfull format · 28 days before the deadline
2007
Annual accounts 2006 filed PDFfull format · 15 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
New establishment in Kortrijk Doorniksestraat 21
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
New establishment in Ronse Franklin Rooseveltplein 32
New establishment in Brussels Emile Jacqmainlaan 22
2002
New establishment in Antwerp Bisschoppenhoflaan 645
Incorporation published on 16-03-2002
First establishment Parc Ind. des Hauts Sarts, 4e av 66, Herstal

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

ADECCO CONSTRUCT was incorporated on 5 March 2002.1 Turnover fell from €5.0m in 2018 to €1.4m in 2020 and headcount from 86.7 full-time equivalents in 2018 to 11.4 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018, 2020 and 2025

Company details

Identity

Enterprise number
0476.991.065
VAT number
BE 0476.991.065
Peppol ID
0208:0476991065
Other Peppol ID
9925:BE0476991065
Legal form
Public limited company
Status
Active, normal situation
Founded
05-03-2002
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Wednesday of May at 10:30
deed of 19-02-2024 (in Dutch)
Peppol
Reachable since 06-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ADECCO CONSTRUCT in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 19-02-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 19-02-2024 (in Dutch)

Activities

NACEBEL 2025
VAT activities
78200 Temporary employment agencies and other provision of personnel main activity
Social security (RSZ) activities
78200 Temporary employment agencies and other provision of personnel main activity
Joint committees annual accounts 2025
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
78200 Employment activities main activity
Social security (RSZ) activities
78200 Employment activities main activity
Codes under NACEBEL 2003
VAT activities
74502 main activity
Social security (RSZ) activities
74502 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Alle activiteiten uitoefenen met betrekking tot arbeidsbemiddeling of tewerkstelling, zoals voorzien in de vigerende regionale…”
2 activities
  1. Alle activiteiten uitoefenen met betrekking tot arbeidsbemiddeling of tewerkstelling, zoals voorzien in de vigerende regionale reglementeringen en de eraan gekoppelde respectievelijke erkenning die de vennootschap heeft gekregen
  2. Alle activiteiten van om het even welke aard die verband houden met het human resources beleid
deed of 19-02-2024 (in Dutch)

Registered office and establishments

6 establishments

5 of 6 establishments on the map

Establishment Since Unit number
Noordkustlaan 16B registered office 1702 Dilbeek
Parc Ind. des Hauts Sarts, 4e av 66 4040 Herstal 25-02-2002 2.142.463.546
Bisschoppenhoflaan 645 2100 Antwerp 01-05-2002 2.142.464.833
Emile Jacqmainlaan 22 1000 Brussels 01-05-2003 2.142.465.130
Franklin Rooseveltplein 32 9600 Ronse 14-07-2003 2.142.463.744
Doorniksestraat 21 8500 Kortrijk 06-02-2006 2.151.489.494
Rue du Moulin 26 7800 Ath 01-01-2015 2.239.104.448

Buildings and parcels at the addresses

Ground area
2.0 ha
Buildings
4,655 m²
Volume, LiDAR
85,585 m³
Tallest building
33.8 m
Buildings to scale, each on its own parcel
1,428 m², 33.8 m 1,259 m², 17.3 m 1,027 m², 17.9 m 657 m², 21.9 m 161 m², 15.2 m 122 m², 15.6 m 1,428 m², 33.8 m 1,259 m², 17.3 m 1,027 m², 17.9 m

Location

registered office establishment 5 of 6 establishment units on the map
6 companies at this address See who is registered here

Parcels

Flanders 4 (66.7%) Wallonia 1 (16.7%) Brussels 1 (16.7%)
Cadastral parcelRegionArea Buildings Height / floors
23026A0132/00N006Flanders1.1 ha 1 · 1,027 m² 17.9 m · 5
11342A0300/00A000Flanders5,679 m² 1 · 1,259 m² 17.3 m · 5
21812N0879/00D000Brussels2,324 m² 1 · 1,428 m² 33.8 m · 10
34353H1645/00A000Flanders826 m² 1 · 657 m² 21.9 m · 6
45423E0684/00A000Flanders161 m² 1 · 161 m² 15.2 m · 5
51004D0630/00D000Wallonia147 m² 1 · 122 m² 15.6 m · 4

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