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ADEM CONSTRUCT

Active
Private limited companyfounded 2009active for 17 yearsWaterstraat 2, 9160 Lokeren, BelgiumKBO/BCE: BE 0809.467.968
Summary

ADEM CONSTRUCT has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €708,399 and a net result of €111,156. Equity is growing by about 8.8% per year across the filed financial years. Its solvency ranks better than 32% of 17,021 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Buying and selling of own real estate
NACE 68110
7th largest company by total assets in Lokeren, Real estate sector1 site
Size
€7.7mtotal assets 2025
Equity
€708,399
Profit
€111,156
Turnover not published (micro format)
Financial health
84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
2025 accounts filed 13 days late1 of 2 deeds summarised
Why 84raises riskLiquidity: current ratio 0.29, cash €121, halvedEquity €708,399 (9.2% of total assets)lowers riskSize: total assets €7.7mFounded in 2009Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 54% of its sector peers (NACE 68, small)
Financial strength · tick = 2024
Average
Solvency 34-5
equity 9.2% of total assets
Liquidity 49=
short-term debt 12.0% · cash 0.0%
Profitability 61-11
return on assets 1.4%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,982 companies, NACE 68, small)
Last 24 months 11-2024: 0.2% 12-2024: 0.3%▲ +0.1 percentage points vs 11-2024 01-2025: 0.4%▲ +0.1 percentage points vs 12-2024 02-2025: 0.2%▼ -0.2 percentage points vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025lowest value 06-2025: 0.2%● unchanged vs 05-2025lowest value 07-2025: 0.2%● unchanged vs 06-2025lowest value 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.3%▲ +0.1 percentage points vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.6%▲ +0.3 percentage points vs 01-2026highest value 03-2026: 0.4%▼ -0.2 percentage points vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.29, compared with 0.47 in 2024, below 1; short-term debt: 12% and cash: 0% of total assets), and 90.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 68, small): better than 28% on solvency, 49% on liquidity, 60% on profitability and 80% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

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

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.29, cash €121, halved
NBB · annual accounts
lowers risk · Size: total assets €7.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €708,399 (9.2% of total assets)
NBB · annual accounts
lowers risk · Founded in 2009
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-02-2026, 13 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
13 days late
2024
1 day early
2023
23 days early
2022
2 days early
2021
3 days late
2020
40 days early
2019
10 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 6 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end24-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Highest result from 2019 to 2025net €111,156 ▲0.4%
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

2025 annual accounts filed late (13 days) Filed on 13 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00038068.

Equity
€708,399▲ 18.6%
2024 · €597,243
Total assets
€7.7m▲ 75.6%
2024 · €4.4m
Net result
€111,156▲ 0.4%
2024 · €110,703
Working capital
-€653,347▼ 116%
2024 · -€302,007
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 26% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.3m 2025 Net result€0.1m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€0.003m-€0.06m€0.06m▼ 1.7%€0.03m▼ 55.7%€0.08m▲ 175%€0.2m▲ 185%€0.3m▲ 25.7%
Net result-€0.01m-€0.03mabove the sector's middle half€0.03mwithin the sector's middle half▼ 4.4%€0.006mwithin the sector's middle half▼ 82.3%€0.02mwithin the sector's middle half▲ 267%€0.1mabove the sector's middle half▲ 419%€0.1mabove the sector's middle half▲ 0.4%
Equity€0.4m-€0.4mabove the sector's middle half▲ 8.8%€0.5mabove the sector's middle half▲ 7.7%€0.5mabove the sector's middle half▲ 1.3%€0.5mabove the sector's middle half▲ 4.6%€0.6mabove the sector's middle half▲ 22.8%€0.7mabove the sector's middle half▲ 18.6%
Total assets€0.9m-€0.9mwithin the sector's middle half▼ 1.6%€2.7mabove the sector's middle half▲ 210%€2.1mabove the sector's middle half▼ 21.0%€3.7mabove the sector's middle half▲ 74.1%€4.4mabove the sector's middle half▲ 20.2%€7.7mabove the sector's middle half▲ 75.6%
Debt€0.5m-€0.4m▼ 9.4%€2.2m▲ 423%€1.6m▼ 25.5%€3.2m▲ 94.3%€3.8m▲ 19.8%€7.0m▲ 84.5%
Working capital-€0.08m--€0.07mwithin the sector's middle half▲ 14.0%-€0.5mbelow the sector's middle half▼ 627%-€0.3mbelow the sector's middle half▲ 33.6%-€0.5mbelow the sector's middle half▼ 60.6%-€0.3mbelow the sector's middle half▲ 42.1%-€0.7mbelow the sector's middle half▼ 116%
Solvency44.9%-49.6%within the sector's middle half▲ 4.7pp17.3%within the sector's middle half▼ 32.4pp22.1%within the sector's middle half▲ 4.9pp13.3%within the sector's middle half▼ 8.8pp13.6%within the sector's middle half▲ 0.3pp9.2%within the sector's middle half▼ 4.4pp
Current ratio0.49-0.63within the sector's middle half▲ 0.150.38below the sector's middle half▼ 0.250.28below the sector's middle half▼ 0.100.06below the sector's middle half▼ 0.220.47within the sector's middle half▲ 0.410.29below the sector's middle half▼ 0.17
Return on assets (ROA)-1.7%-4.0%within the sector's middle half▲ 5.7pp1.2%within the sector's middle half▼ 2.8pp0.3%within the sector's middle half▼ 1.0pp0.6%within the sector's middle half▲ 0.3pp2.5%within the sector's middle half▲ 1.9pp1.4%within the sector's middle half▼ 1.1pp
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.7m
Fixed assets €7.5m ▲ 80.3%
Current assets €272,812 ▲ 2.4%
Equity and liabilities €7.7m
Equity €708,399 ▲ 18.6%
Debt €7.0m ▲ 84.5%
Debt's share of the balance-sheet total rises from 86.4% to 90.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€568,200▲
2024 · €485,412
Cash flow
€402,302▲
2024 · €375,744
Debt to equity
9.90▲
2024 · 6.37
ROE
15.7%▼
2024 · 18.5%
Interest coverage
4.91▼
2024 · 6.81
Debt ≤ 1 year
€926,159▲
2024 · €568,348
Debt > 1 year
€6.1m▲
2024 · €3.2m
Income taxes
€50,250▲
2024 · €38,403
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 190 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97.9% are still going.

  • Medium-sized
  • 10 to 20 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
0.5% went bankrupt
1.6% stopped otherwise
97.9% still going

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 190 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€4.4m€7.7m▲
Fixed assets21/28€4.1m€7.5m▲
Tangible fixed assets22/27€4.1m€7.5m▲
Land and buildings22€4.0m€7.4m▲
Furniture and vehicles24€0.2m€0.06m▼
Current assets29/58€0.3m€0.3m▲
Amounts receivable within one year40/41€0.3m€0.2m▼
Trade receivables40€0.3m€0.1m▼
Other amounts receivable41€9€0.01m▲
Cash at bank and in hand54/58€0.01m€121▼
Deferred charges and accrued income490/1-€0.1m
Equity and liabilities
Total equity and liabilities10/49€4.4m€7.7m▲
Equity10/15€0.6m€0.7m▲
Contributions10/11€0.006m€0.006m=
Reserves13€0.6m€0.7m▲
Distributable reserves133€0.6m€0.7m▲
Amounts payable17/49€3.8m€7.0m▲
Amounts payable after more than one year17€3.2m€6.1m▲
Financial debts170/4€3.2m€6.1m▲
Amounts payable within one year42/48€0.6m€0.9m▲
Current portion of amounts payable after more than one year42€0.5m€0.8m▲
Financial debts43€0.02m€0.01m▼
Credit institutions430/8€0.02m€0.01m▼
Trade debts44€0.009m€0.05m▲
Suppliers440/4€0.009m€0.05m▲
Taxes, remuneration and social security45€0.03m€0.02m▼
Taxes450/3€0.03m€250▼
Remuneration and social security454/9-€0.02m
Other amounts payable47/48€0.03m€0.03m▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m▲
Other operating charges640/8€0.03m€0.04m▲
Gross operating margin9900€0.5m€0.6m▲
Operating profit (loss)9901€0.2m€0.3m▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€0.07m€0.1m▲
Recurring financial charges65€0.07m€0.1m▲
Profit (loss) for the period before taxes9903€0.1m€0.2m▲
Income taxes67/77€0.04m€0.05m▲
Profit (loss) for the period9904€0.1m€0.1m▲
Profit (loss) for the period to be appropriated9905€0.1m€0.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.1m▲
Transfer to equity691/2€0.1m€0.1m▲
To other reserves6921€0.1m€0.1m▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Non-recurring operating income76A---€12,167----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87,857€94,922€142,387€197,892€261,379€265,041€291,146▲ 9.8%
Other operating charges640/8---€30,164€31,376€33,020€44,829▲ 35.8%
Gross operating margin9900€107,825€171,936€220,735€256,195€370,198€518,432€613,029▲ 18.2%
Operating profit (loss)9901-€2,557€64,723€63,592€28,140€77,443€220,371€277,054▲ 25.7%
Financial income75/76B---€1€0-€1-
Recurring financial income75---€1€0-€1-
Financial charges65/66B---€6,629€41,394€71,265€115,649▲ 62.3%
Recurring financial charges65€8,853€12,514€13,145€6,629€41,394€71,265€115,649▲ 62.3%
Profit (loss) for the period before taxes9903-€11,410€52,209€50,448€21,511€36,049€149,106€161,406▲ 8.2%
Transfer from deferred taxes780---€4,960€3,638---
Income taxes67/77€8,023€22,685€22,449€20,651€18,337€38,403€50,250▲ 30.8%
Profit (loss) for the period9904-€14,472€34,484€32,959€5,821€21,350€110,703€111,156▲ 0.4%
Transfer from tax-exempt reserves789---€9,633€7,065---
Profit (loss) for the period to be appropriated9905-€4,839€44,118€42,592€15,454€28,415€110,703€111,156▲ 0.4%
Line2019202020212022202320242025Change
Assets
Total assets20/58€0.9m€0.9m€2.7m€2.1m€3.7m€4.4m€7.7m▲ 75.6%
Fixed assets21/28€0.8m€0.7m€2.4m€2.0m€3.6m€4.1m€7.5m▲ 80.3%
Tangible fixed assets22/27€0.8m€0.7m€2.4m€2.0m€3.6m€4.1m€7.5m▲ 80.3%
Land and buildings22---€1.5m€3.3m€4.0m€7.4m▲ 86.7%
Furniture and vehicles24---€0.5m€0.3m€0.2m€0.06m▼ 63.6%
Current assets29/58€0.07m€0.1m€0.3m€0.1m€0.03m€0.3m€0.3m▲ 2.4%
Amounts receivable within one year40/41€0.06m€0.1m€0.2m€0.1m€0.02m€0.3m€0.2m▼ 39.1%
Trade receivables40---€0.1m€0.02m€0.3m€0.1m▼ 44.4%
Other amounts receivable41---€9€9€9€0.01m▲ 1,438×
Cash at bank and in hand54/58€0.009m€0.009m€0.1m€0.02m€0.01m€0.01m€121▼ 99.2%
Deferred charges and accrued income490/1------€0.1m-
Equity and liabilities
Total equity and liabilities10/49€0.9m€0.9m€2.7m€2.1m€3.7m€4.4m€7.7m▲ 75.6%
Equity10/15€0.4m€0.4m€0.5m€0.5m€0.5m€0.6m€0.7m▲ 18.6%
Contributions10/11€0.006m€0.006m-€0.006m€0.006m€0.006m€0.006m=
Reserves13€0.4m€0.4m€0.5m€0.5m€0.5m€0.6m€0.7m▲ 18.8%
Non-distributable reserves130/1---€0.002m----
Reserves not available under the articles1311---€0.002m----
Tax-exempt reserves132---€0.007m----
Distributable reserves133---€0.5m€0.5m€0.6m€0.7m▲ 18.8%
Provisions and deferred taxes16€0.02m€0.01m€0.009m€0.004m----
Deferred taxes168---€0.004m----
Amounts payable17/49€0.5m€0.4m€2.2m€1.6m€3.2m€3.8m€7.0m▲ 84.5%
Amounts payable after more than one year17€0.3m€0.2m€1.4m€1.2m€2.6m€3.2m€6.1m▲ 88.3%
Financial debts170/4---€1.2m€2.6m€3.2m€6.1m▲ 88.3%
Amounts payable within one year42/48€0.2m€0.2m€0.8m€0.5m€0.6m€0.6m€0.9m▲ 63.0%
Current portion of amounts payable after more than one year42---€0.3m€0.4m€0.5m€0.8m▲ 74.3%
Financial debts43-----€0.02m€0.01m▼ 30.5%
Credit institutions430/8-----€0.02m€0.01m▼ 30.5%
Trade debts44€0.005m€0.003m€0.002m€0.003m€0.01m€0.009m€0.05m▲ 431%
Suppliers440/4---€0.003m€0.01m€0.009m€0.05m▲ 431%
Advances received on contracts in progress46---€0.05m€0.05m---
Taxes, remuneration and social security45---€0.04m€0.03m€0.03m€0.02m▼ 52.9%
Taxes450/3---€0.04m€0.02m€0.03m€250▼ 99.2%
Remuneration and social security454/9----€0.01m-€0.02m-
Other amounts payable47/48---€0.09m€0.06m€0.03m€0.03m▼ 24.8%
Accrued charges and deferred income492/3---€0.004m€0.004m---
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€0.01m€0.03m€0.03m€0.006m€0.02m€0.1m€0.1m▲ 0.4%
+ Depreciation and write-downs630€0.09m€0.09m€0.1m€0.2m€0.3m€0.3m€0.3m▲ 9.8%
Operating cash flow (approximation)€0.07m€0.1m€0.2m€0.2m€0.3m€0.4m€0.4m▲ 7.1%
Investment in fixed assets (approximation)--€0.04m-€1.8m€0.2m-€1.9m-€0.8m-€3.6m▼ 369%
Change in cash--€143€0.1m-€0.1m-€0.007m€0.003m-€0.01m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 16 filings with the National Bank
Financial year Type Filed Reference
30-06-2025 micro format 13-02-2026 2026-00038068
30-06-2024 micro format 30-01-2025 2025-00015126
30-06-2023 micro format 08-01-2024 2024-00544444
30-06-2022 micro format 29-01-2023 2023-00007586
30-06-2021 micro format 03-02-2022 2022-04700558
30-06-2020 micro format 22-12-2020 2020-76600217
30-06-2019 micro format 10-02-2020 2020-04700518
30-06-2018 micro format 29-01-2019 2019-02900464
30-06-2017 micro format 26-01-2018 2018-02500512
30-06-2016 abbreviated format 07-02-2017 2017-04000397

Show all 16 filings

Similar companies · same sector, comparable size

Of the 7,229 active companies whose main activity is buying and selling of own real estate (NACE 68110), figures are known for 5,419. 3,508 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
under verification, last change in 2025
This board is reconstructed from a single act (25010952). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Mergen Gökhan
Director (not named in the articles)
Current
Mergen Hakan
Director (not named in the articles)
Current
Mergen Ibrahim
Director (not named in the articles)
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2025, 3 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Mergen Gökhan
  • Director, until 23-01-2025
  • Director (not named in the articles), since before 23-01-2025
Mergen Hakan
  • Director, until 23-01-2025
  • Director (not named in the articles), since before 23-01-2025
Mergen Ibrahim
  • Director, until 23-01-2025
  • Director (not named in the articles), since before 23-01-2025
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 23-01-2025 Converted to unavailable equity

Group and network

Connections & network

3 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

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

History

ADEM CONSTRUCT was incorporated on 30 January 2009.1 Total assets rose from €873,347 in 2019 to €7.7m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-01-2027
2026
13-02
NBB filing Annual accounts filed
financial year 2025 · micro format · 13 days late
2025
30-06
Financial Highest result from 2019 to 2025net €111,156 ▲0.4%
Operating result €277,054, net result €111,156, both a record.
30-01
NBB filing Annual accounts filed
financial year 2024 · micro format
23-01
Gazette deed Resignations: Mergen Hakan, Mergen Gökhan and Mergen Ibrahim
Reappointments: Mergen Hakan, Mergen Gökhan and Mergen Ibrahim · Capital · Registered office clause18 facts ▸
  • Capital
  • Other provision, “zaakvoerder van besloten vennootschap, bestuurder” (deed in Dutch)
  • Director resignation, Mergen Hakan (director)
  • Director resignation, Mergen Gökhan (director)
  • Director resignation, Mergen Ibrahim (director)
  • Director reappointment, Mergen Hakan (director (not named in the articles))
  • Director reappointment, Mergen Gökhan (director (not named in the articles))
  • Director reappointment, Mergen Ibrahim (director (not named in the articles))
  • Other provision, “uitoefening van mandaat, kwijting ontslagnemende bestuurders” (deed in Dutch)
  • Registered office clause, “Waterstraat 2,9160 Lokeren” (deed in Dutch)
  • General meeting, 21-12-2023
  • Other provision, “Wetboek van vennootschappen en verenigingen, aanpassing statuten aan WVV met behoud rechtsvorm” (deed in Dutch)
  • +6 further facts in this act
2024
30-06
Financial Equity above €500,000equity €597,243 ▲22.8%
5 profitable years in a row build equity to €597,243.
08-01
NBB filing Annual accounts filed
financial year 2023 · micro format
2023
29-01
NBB filing Annual accounts filed
financial year 2022 · micro format
2022
03-02
NBB filing Annual accounts filed
financial year 2021 · micro format · 3 days late
2020
22-12
NBB filing Annual accounts filed
financial year 2020 · micro format
30-06
Financial Back to profitnet €34,484
Net result €34,484 after one loss-making year.
10-02
NBB filing Annual accounts filed
financial year 2019 · micro format · 10 days late
2019
29-01
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
26-01
NBB filing Annual accounts filed
financial year 2017 · micro format
2017
07-02
NBB filing Annual accounts filed
financial year 2016 · abbreviated format · 7 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 16 annual accounts filed, the latest 10 are here; all 16 are under Financials.
1 of 2 deeds read
About the unread acts

Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded30-01-2009
Financial year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0809467968
Also 9925:BE0809467968
Registered 02-09-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 24 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0809.467.968

Environmental permits

1 application in Flanders since 2024 · 1 granted
Bouwen of herbouwen
Granted on 02-09-2024submitted 18-03-2024authority: Lokerenproject 2024008973

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2009
registered office establishment The establishment unit on the map
Ground area
3,577 m²
Building footprint
1,120 m²
Building volume
8,298 m³
Parcel 46014A0200/00E000, Flanders · tallest building 9.0 m. Linked by address, not a title deed.
8 companies at this address See who is registered here
1 establishment unit
Adem Construct
Waterstraat 2, 9160 LokerenBuying and selling of own real estate
since 2009unit no. 2.177.011.976
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
46014A0200/00E000 Flanders 3,577 m² 1 · 1,120 m² 9.0 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard, in de ruimste zin, bijstand en diensten verlenen…” (deed in Dutch)
46 activities (deed in Dutch)
  1. Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard, in de ruimste zin, bijstand en diensten verlenen, rechtstreeks of onrechtstreeks betrekking hebbende op het vlak van administratie en financiën, verkoop productie en algemeen bestuur;
  2. Het bevorderen van de oprichting van vennootschappen door inbreng, participatie of investering:
  3. Het waarnemen van alle bestuurs- en vereffeningsopdrachten, het uitoefenen van managementopdrachten en -functies;
  4. Het verlenen van zowel persoonlijke als zakelijke, roerende en onroerende waarborgen ten voordele van derden;
  5. Het verwerven door inschrijving of aankoop en het beheren van aandelen, obiligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse bestaande of nog op te richten vennootschappen;
  6. Onderneming voor grond- en waterbouwkundige werken;
  7. Het bouwen, herstellen en onderhouden van wegen, rioleringswerken, het leggen van ondergrondse kabels en leidingen, wegpersingen en dwarsboringen; Het leggen van opritten in klinkers, kasseien en andere gelijkaardige materialen
  8. Aannemer van metsel- en betonwerken, waterdicht maken van bouwwerken:
  9. Aannemer van slopingswerken;
  10. Het uitoefenen van het beroep van sanitair installateur, loodgieter, installateur van centrale verwarming en het plaatsen van electrotechnische installaties:
  11. Het kopen en verkopen, huren en verhuren van allerhande machines en infrastructuur noodzakelijk voor het uitoefenen van alle activiteiten van de vennootschap.
  12. Het kopen en verkopen van bouwmaterialen;
  13. Het uitvoeren van draineringswerken;
  14. Het mechanisch ondergronds trekken van leidingen voor telefonie-, electra- en gasdistributie door middel van telegestuurde apparatuur;
  15. Rioleringswerken en het uitvoeren van bestratingen;
  16. Algemene bouwonderneming
  17. Import- en export, groot- en kleinhandel in handelgoederen
  18. Tussenpersoon in de handel
  19. Het beheer van een onroerend vermogen, onroerend leasing en huurfinanciering van onroerende goederen aan derden, het verwerven door aankoop of anderszins, het verkopen, het ruilen, het bouwen, het verbouwen, het verbeteren, het uitrusten, het aanpassen, het verfraaien, het onderhouden, het verhuren, het huren, het verkavelen, het prospecteren en het uitbaten van onroerende goederen, het uitbaten van een bedrijfscentrum, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de uitbreiding en de opbrengst van de onroerende goederen te bevorderen, alsmede
  20. Zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen;
  21. Het waarnemen van alle bestuursopdrachten, het uitoefenen van opdrachten en functies die rechtstreeks of onrechtstreeks met het voorwerp verband houden, de vennootschap mag bestuursmandaten waarnemen in andere vennootschappen;
  22. Het uitvoeren van studies, het verlenen van adviezen zowel op technisch- als op organisatorisch gebied in het binnen- als buitenland;
  23. De uitwerking en de realisatie van projecten op het gebied van de electriciteit en electronica, mijnbouw, chemie, machine- en werktuigenbouw, industriële systeemontwikkeling, veiligheid, enz.
  24. De uitwerking van projecten op het gebied van de burgerlijke en utiliteitsbouw, de weg- en waterbouw en het verkeer;
  25. Onderneming voor het goederenvervoer over de weg en verhuisdiensten;
  26. Onderneming voor het vervoer van personen over de weg;
  27. Goederenvervoer langs de weg: vervoer van boomstammen, zwaar internationaal vervoer, veevervoer, vervoer met koelwagens, vervoer van bulkgoederen, inclusief vervoer in tankwagens, autovervoer;
  28. Verhuur van vrachtwagens met bestuurder;
  29. Onderneming voor het verhuren van autovoertuigen:
  30. Tussenpersoon in de handel;
  31. Vervoercommissionair;
  32. Vervaardiging van overige transportmiddelen;
  33. Vrachtbehandeling en opslag;
  34. Vervoersbemiddeling;
  35. Koerierdiensten;
  36. Recuperatie van recycleerbaar metaalafval;
  37. Recuperatie van recycleerbare ferro- en nonferrometalen door het mechanisch verbrijzelen en vervolgens sorteren en scheiden van metaalafval, zoals gebruikte auto's, wasmachines, fietsen enz.;
  38. Recuperatie van overig recycleerbaar afval;
  39. Ophalen, sorteren en verwerken van afvaistoffen in de meest ruime betekenis van het woord;
  40. Diverse Laswerken;
  41. Oppervlaktebehandeling en bekleding van metaal;
  42. Algemeen metaalbewerking;
  43. Smeden, persen, stampen en profielwassen van metaal;
  44. Groot- en kleinhandel in gereedschap, lasartikelen, lasapparatuur en allerhande werktuigen;
  45. Vervaardiging van metalen constructiewerken;
  46. Verhuur van gebouwen, terreinen, opslagruimtes en garageboxen;

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
ADEM CONSTRUCТ
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, bestuursorgaan kan bij enkel besluit administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen…” (deed in Dutch)

deed of 23-01-2025

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, één of meer bestuurders,natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
“Vaste of evenredige vergoeding, algemene kosten los van representatie-,reis-en verplaatsingskosten” (deed in Dutch)

deed of 23-01-2025

Capital, shares and profit

Share issue ruleHow and by whom new shares can be issued.
“Ten minste vijftien dagen vanaf openstelling intekening, per e-mail of bij ontbreken e-mailadres per gewone post dezelfde dag” (deed in Dutch)

deed of 23-01-2025

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen, bestuurder(s) in functie als vereffenaar(s) krachtens…” (deed in Dutch)

deed of 23-01-2025

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “TITEL III EFFECTEN, (***)” (deed in Dutch)
Other provision: “Dagelijks bestuur, alleen of gezamenlijk zoals bestuursorgaan bepaalt” (deed in Dutch)
Other provision: “Toezicht aan één of meerdere commissarissen wanneer wettelijk vereist en binnen wettelijke grenzen, hernieuwbare termijn van drie jaar” (deed in Dutch)
Other provision: “Schriftelijke algemene vergadering, bij niet-toekomt uiterlijk 20 dagen voor statutair bepaalde dag moet bestuursorgaan bijeenroepen” (deed in Dutch)
Other provision: “Elektronische algemene vergadering, oproeping met heldere nauwkeurige beschrijving procedures;toegankelijk op website” (deed in Dutch)
Other provision: “Toegang tot de algemene vergadering, indien enkel stemrechten geschorst,mag nog deelnemen zonder stemming” (deed in Dutch)
Other provision: “Zittingen-processen-verbaal, neergelegd in register bewaard op zetel,ondertekend door leden bureau en aanwezige aandeelhouders die erom…” (deed in Dutch)
Other provision: “Bestuursorgaan tijdens zitting, verdaging” (deed in Dutch)
Other provision: “Bestemming winst-reserves, elk aandeel gelijk aandeel in winstverdeling” (deed in Dutch)
Liquidation distribution: “Na aanzuivering schulden,lasten,kosten of consignatie nodige sommen, netto actief onder alle aandeelhouders naar verhouding aantal…” (deed in Dutch)
Other provision: “Uitvoering statuten, woonstkeuze” (deed in Dutch)
Other provision: “Gerechtelijke bevoegdheid, betwisting zaken vennootschap en uitvoering statuten tussen…” (deed in Dutch)
Other provision: “Gemeen recht, geacht ingeschreven in akte” (deed in Dutch)
3 more provisions in the deed, see the deed of 23-01-2025

deed of 23-01-2025