ADEX CONSTRUCTIONS
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of ADEX CONSTRUCTIONS is 7.9% (elevated). The 2024 annual accounts show equity of €41,849 and a net result of €19,668. Its solvency ranks better than 58% of 9,836 sector peers (NACE 41, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
KBO- Status
- Active since 16-03-2023 Normal situation
- Registered office
- 293 active companies are registered at this address 38 started in the 12 months before. Source: KBO register, as of 1 November 2026.
- Activity
- General construction of residential buildings NACE 41001and 3 others
- Establishment unit
- 2.344.614.714 4000 Liège, since 16-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Board and ownership
- PIETERS Alexandre Michaël ThéoDirector
- PIETERS Davian Jérôme Jean-ClaudeDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 7.9%
- Gross margin
- €49,006
- Turnover
- ≈ €340,000
- estimated
- Profit
- €19,668
- Equity
- €41,849
- Total assets
- €84,690
- Staff
- ≈ 0.2 FTE
- estimated
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 299 days late; 1 of the last 3 accounts lateSize: total assets €84,690Founded in 2023Figures for financial year 2024 (filed on 29-05-2026)Show the evidence
Checked score
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 58% of them on solvency, 58% on liquidity and 80% on profitability.
The bankruptcy probability was computed on 31-10-2026 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. 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).
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Signals
The company filed its 2024 accounts 299 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2024 annual accounts filed 299 days after the deadline Filed on 26 May 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00124828.
Annual accounts 2024 filed on 26-05-2026 PDF
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Comparable companies
These companies have the same main activity as ADEX CONSTRUCTIONS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €72,400 and €95,300, founded between 2022 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| ADEX CONSTRUCTIONS Sint-Pieters-Leeuw | 2023 | €84,690 | €41,849 | €49,006 | - | €19,668 | 2024 |
| VERHASSELT GROUP Sint-Pieters-Leeuw | 2022 | €81,617 | €49,152 | €46,446 | - | €14,420 | 2024 |
| SUPERFIN Sint-Pieters-Leeuw | 2022 | €72,375 | €49,797 | €42,261 | - | €26,318 | 2025 |
| LEXT GROUP Sint-Pieters-Leeuw | 2023 | €75,210 | €55,336 | €43,390 | - | €33,982 | 2025 |
| ML RENOVATION Sint-Pieters-Leeuw | 2022 | €92,716 | €21,356 | €39,592 | - | €20,496 | 2025 |
| K&E GLOBAL BATI Vilvoorde | 2023 | €84,871 | €19,874 | €51,475 | - | €39,874 | 2024 |
| SM CONSTRUCTION ET SERVICES Ternat | 2023 | €95,340 | €48,460 | €49,640 | €201,478 | €32,508 | 2025 |
They were chosen from the 15,546 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as ADEX CONSTRUCTIONS has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of ADEX CONSTRUCTIONS itself is higher: 7.9% within 12 months. It rests on far more data about ADEX CONSTRUCTIONS than the profile alone.
Test of the method
The method was tested on the 497,445 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.
| 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 39,278 companies, not a prediction for ADEX CONSTRUCTIONS. 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.
| Line | 2024 |
|---|---|
| Remuneration, social security and pensions62 | €5,828 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,106 |
| Other operating charges640/8 | €876 |
| Gross operating margin9900 | €49,006 |
| Operating profit (loss)9901 | €33,196 |
| Financial charges65/66B | €7,203 |
| Recurring financial charges65 | €7,203 |
| Profit (loss) for the period before taxes9903 | €25,993 |
| Income taxes67/77 | €6,325 |
| Profit (loss) for the period9904 | €19,668 |
| Profit (loss) for the period to be appropriated9905 | €19,668 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €84,690 | |
| Fixed assets21/28 | €20,569 | |
| Tangible fixed assets22/27 | €20,569 | |
| Furniture and vehicles24 | €20,569 | |
| Current assets29/58 | €64,121 | |
| Amounts receivable within one year40/41 | €52,626 | |
| Trade receivables40 | €45,744 | |
| Other amounts receivable41 | €6,882 | |
| Cash at bank and in hand54/58 | €11,495 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €84,690 | |
| Equity10/15 | €41,849 | |
| Contributions10/11 | €5,000 | |
| Profit (loss) carried forward14 | €36,849 | |
| Amounts payable17/49 | €42,841 | |
| Amounts payable after more than one year17 | €16,959 | |
| Financial debts170/4 | €16,959 | |
| Amounts payable within one year42/48 | €25,882 | |
| Current portion of amounts payable after more than one year42 | €9,790 | |
| Trade debts44 | €457 | |
| Suppliers440/4 | €457 | |
| Taxes, remuneration and social security45 | €15,634 | |
| Taxes450/3 | €13,973 | |
| Remuneration and social security454/9 | €1,661 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €19,668 |
| + Depreciation and write-downs630 | €9,106 |
| Operating cash flow (approximation) | €28,774 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 26-05-2026 | 2026-00124828 |
Board & ownership
Directors
Owners and capital
Shareholders
- PIETERS Alexandre Michaël Théo 50 shares · €2,500
- PIETERS Davian Jérôme Jean-Claude 100 shares · €2,500
Capital transactions
- 20-03-2023 Incorporation · €5,000 · 100 shares
- 20-03-2023 Incorporation · €5,000 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| PIETERS Alexandre Michaël Théo |
|
| PIETERS Davian Jérôme Jean-Claude |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, ingeschreven in register van aandelen op naam met vermeldingen Wetboek van vennootschappen en verenigingen”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten helft overdrager helft koper(s) naar evenredigheid aantal bij meer kopers, elke overdracht onder levenden ten…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur, eerst aan bestaande aandeelhouders naar evenredigheid van aantal aandelen”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, beslissing algemene vergadering”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Om welke reden en op welk ogenblik ook, indien geen andere vereffenaar benoemd”
Articles of association, deed of 20-03-2023 (in Dutch)
Network & group
ADEX CONSTRUCTIONS shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of ADEX CONSTRUCTIONS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-03
Gazette deed
IncorporationAppointments: PIETERS Alexandre Michaël Théo (director) and PIETERS Davian Jérôme Jean-Claude (director) · Founder · Founding capital17 points ▸
- Founder, PIETERS Alexandre Michaël Théo
- Founder, PIETERS Davian Jérôme Jean-Claude
- Other provision, “bekwaamheid comparanten” (deed in Dutch)
- Other provision, “toelichting en voorlezing akte, instrumenterende notaris” (deed in Dutch)
- Other provision, “afstand volledige voorlezing” (deed in Dutch)
- Incorporation, “ADEX CONSTRUCTIONS” (deed in Dutch)
- Other provision, 15-03-2023
- Founding capital, €5,000, mentioned 2 times in the deed
- Registered office clause, “1600 Sint-Pieters-Leeuw,Bergensesteenweg,421/13” (deed in Dutch)
- Other provision, “nog niet, website e-mailadres” (deed in Dutch)
- Board rule, 2
- Director appointment, PIETERS Alexandre Michaël Théo (director (not named in the articles))
- The act holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
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. Use the enterprise number 0799.601.385
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,330 m² | - |
| 62815C0334/00E043 | Wallonia | 281 m² | 1 · 75 m² | 14.2 m · 4 |