ADG Construct
ActiveSummary
ADG Construct has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €409,688 and a net result of €55,389. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-15
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 24.7 against 12.88 in 2024; short-term debt: 3.8% and cash: 19.1% of total assets), and 3.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.2%
Return on assets
13%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
85 d early
2023
6 d early
2022
5 d early
2021
4 d early
2020
5 d early
2019
42 d early
← 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 21 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
Equity
€409,688▲ 6.3%
2024 · €385,427
Total assets
€425,869▲ 2.3%
2024 · €416,170
Net result
€55,389▼ 57.3%
2024 · €129,587
Working capital
€383,444▲ 5.0%
2024 · €365,217
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€63,633▲ 21.3%€70,420▲ 10.7%€89,051▲ 26.5%€189,957▲ 113%€83,243▼ 56.2%
Net result€15,047within the sector's middle half▼ 56.7%€47,401above the sector's middle half▲ 215%€57,017above the sector's middle half▲ 20.3%€129,587above the sector's middle half▲ 127%€55,389above the sector's middle half▼ 57.3%
Equity€221,353above the sector's middle half▲ 7.3%€268,753above the sector's middle half▲ 21.4%€255,841above the sector's middle half▼ 4.8%€385,427above the sector's middle half▲ 50.7%€409,688above the sector's middle half▲ 6.3%
Total assets€320,395above the sector's middle half▼ 34.5%€371,544above the sector's middle half▲ 16.0%€372,251above the sector's middle half▲ 0.2%€416,170above the sector's middle half▲ 11.8%€425,869above the sector's middle half▲ 2.3%
Debt€99,042▼ 65.0%€102,791▲ 3.8%€116,410▲ 13.2%€30,743▼ 73.6%€16,181▼ 47.4%
Working capital€217,261above the sector's middle half▲ 10.9%€266,090above the sector's middle half▲ 22.5%€243,954above the sector's middle half▼ 8.3%€365,217above the sector's middle half▲ 49.7%€383,444above the sector's middle half▲ 5.0%
Solvency69.1%within the sector's middle half▲ 26.9pp72.3%within the sector's middle half▲ 3.2pp68.7%within the sector's middle half▼ 3.6pp92.6%above the sector's middle half▲ 23.9pp96.2%above the sector's middle half▲ 3.6pp
Current ratio3.38within the sector's middle half▲ 1.673.89within the sector's middle half▲ 0.523.21within the sector's middle half▼ 0.6812.88above the sector's middle half▲ 9.6724.70above the sector's middle half▲ 11.82
Return on assets (ROA)4.7%within the sector's middle half▼ 2.4pp12.8%within the sector's middle half▲ 8.1pp15.3%within the sector's middle half▲ 2.6pp31.1%above the sector's middle half▲ 15.8pp13.0%within the sector's middle half▼ 18.1pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €425,869
Fixed assets
€26,244 ▲ 29.9%
Current assets
€399,625 ▲ 0.9%
Equity and liabilities €425,869
Equity
€409,688 ▲ 6.3%
Debt
€16,181 ▼ 47.4%
Debt's share of the balance-sheet total falls from 7.4% to 3.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89,453▼
2024 · €193,918
Cash flow
€61,599▼
2024 · €133,548
Debt to equity
0.04▼
2024 · 0.08
ROE
13.5%▼
2024 · 33.6%
Interest coverage
12.46▼
2024 · 815.09
Debt ≤ 1 year
€16,181▼
2024 · €30,743
Income taxes
€25,593▼
2024 · €61,361
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 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
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 31,349 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,635 | €2,538 | €2,966 | €3,961 | €6,210 | ▲ 56.8% |
| Other operating charges640/8 | - | €808 | €629 | €1,047 | €791 | ▼ 24.5% |
| Non-recurring operating charges66A | - | €0 | €53 | €0 | €930 | - |
| Gross operating margin9900 | €67,121 | €73,766 | €92,700 | €194,965 | €91,174 | ▼ 53.2% |
| Operating profit (loss)9901 | €63,633 | €70,420 | €89,051 | €189,957 | €83,243 | ▼ 56.2% |
| Financial income75/76B | - | €1,740 | €490 | €1,229 | €4,916 | ▲ 300% |
| Recurring financial income75 | €2,123 | €1,740 | €490 | €1,229 | €4,916 | ▲ 300% |
| Financial charges65/66B | - | €3,566 | €6,254 | €238 | €7,177 | ▲ 2,916% |
| Recurring financial charges65 | €42,202 | €3,566 | €6,254 | €238 | €7,177 | ▲ 2,916% |
| Profit (loss) for the period before taxes9903 | €23,553 | €68,594 | €83,288 | €190,948 | €80,983 | ▼ 57.6% |
| Income taxes67/77 | €8,506 | €21,193 | €26,270 | €61,361 | €25,593 | ▼ 58.3% |
| Profit (loss) for the period9904 | €15,047 | €47,401 | €57,017 | €129,587 | €55,389 | ▼ 57.3% |
| Profit (loss) for the period to be appropriated9905 | €15,047 | €47,401 | €57,017 | €129,587 | €55,389 | ▼ 57.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €320,395 | €371,544 | €372,251 | €416,170 | €425,869 | ▲ 2.3% |
| Fixed assets21/28 | €11,679 | €13,404 | €17,810 | €20,210 | €26,244 | ▲ 29.9% |
| Tangible fixed assets22/27 | €11,679 | €13,404 | €17,810 | €20,210 | €26,244 | ▲ 29.9% |
| Furniture and vehicles24 | - | €2,315 | €6,667 | €10,548 | €13,303 | ▲ 26.1% |
| Other tangible fixed assets26 | - | €11,090 | €11,144 | €9,662 | €12,941 | ▲ 33.9% |
| Current assets29/58 | €308,716 | €358,140 | €354,440 | €395,960 | €399,625 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €137,736 | €139,412 | €100,748 | €19,509 | €24,569 | ▲ 25.9% |
| Trade receivables40 | - | €20,419 | €24,755 | €19,509 | €24,569 | ▲ 25.9% |
| Other amounts receivable41 | - | €118,993 | €75,993 | €0 | - | - |
| Current investments50/53 | - | - | - | - | €288,778 | - |
| Cash at bank and in hand54/58 | €166,988 | €216,273 | €251,716 | €375,358 | €81,140 | ▼ 78.4% |
| Deferred charges and accrued income490/1 | - | €2,455 | €1,976 | €1,093 | €5,137 | ▲ 370% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €320,395 | €371,544 | €372,251 | €416,170 | €425,869 | ▲ 2.3% |
| Equity10/15 | €221,353 | €268,753 | €255,841 | €385,427 | €409,688 | ▲ 6.3% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €201,353 | €248,753 | €235,841 | €365,427 | €389,688 | ▲ 6.6% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €0 | ▼ 100% |
| Distributable reserves133 | - | €246,753 | €233,841 | €363,427 | €389,688 | ▲ 7.2% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €99,042 | €102,791 | €116,410 | €30,743 | €16,181 | ▼ 47.4% |
| Amounts payable within one year42/48 | €91,455 | €92,050 | €110,487 | €30,743 | €16,181 | ▼ 47.4% |
| Trade debts44 | €2,536 | €1,919 | €3,285 | €2,315 | €3,873 | ▲ 67.3% |
| Suppliers440/4 | - | €1,919 | €3,285 | €2,315 | €3,873 | ▲ 67.3% |
| Taxes, remuneration and social security45 | - | €12,859 | €31,370 | €25,488 | €8,246 | ▼ 67.6% |
| Taxes450/3 | - | €9,586 | €31,370 | €22,091 | €8,246 | ▼ 62.7% |
| Remuneration and social security454/9 | - | €3,273 | €0 | €3,397 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €77,272 | €75,832 | €2,939 | €4,062 | ▲ 38.2% |
| Accrued charges and deferred income492/3 | - | €10,741 | €5,924 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,047 | €47,401 | €57,017 | €129,587 | €55,389 | ▼ 57.3% |
| + Depreciation and write-downs630 | €2,635 | €2,538 | €2,966 | €3,961 | €6,210 | ▲ 56.8% |
| Operating cash flow (approximation) | €17,683 | €49,938 | €59,983 | €133,548 | €61,599 | ▼ 53.9% |
| Investment in fixed assets (approximation) | - | -€4,263 | -€7,372 | -€6,361 | -€12,244 | ▼ 92.5% |
| Change in cash | - | €49,285 | €35,443 | €123,642 | -€294,218 | ▼ 338% |
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
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €129,587 ▲127%
Operating result €189,957, net result €129,587, both a record.
30-06
Financial
Liquidity quadruplescurrent ratio 12.88
Current ratio from 3.21 to 12.88; short-term debt falls from €110,487 to €30,743.
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €15,047 ▼56.7%
Net result drops to €15,047, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €200,000Eq €206,306 ▲20.2%
2 profitable years in a row build equity to €206,306.
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2006
Ground area
1,342 m²
Building footprint
195 m²
Volume, LiDAR
829 m³
Parcel 46014A1087/00H000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ADG Construct
since 20062.150.623.028
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A1087/00H000 | Flanders | 1,341 m² | 1 · 195 m² | 8.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 637 EUR awarded · 637 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 637 EUR | 637 EUR |
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Of 18,250 companies in sector 71111 we hold annual accounts for 6,321. 4,286 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-12-2005
Fiscal year end30-06
Activities, NACEBEL 2025
71111Activities of building architects
68121Development of residential building projects
51100Air transport
52230Warehousing and support activities for transportation
77350Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877717366
Also
9925:BE0877717366
Registered
16-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.