Adi Construct
ActiveThe computed 12-month bankruptcy probability of Adi Construct is 2.1% (moderate). The 2024 annual accounts show equity of €14k and a net result of €8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 53% of 36376 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency74▲+22
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.87 against 1.21 in 2023; short-term debt: 51.1% and cash: 9.8% of total assets), but 51.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48.9%
Return on assets
26.5%
Age of the figures
21 mo
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
37 d late
2022
31 d early
2021
44 d late
2020
44 d late
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€14k▲ 118%
2023 · €7k
2018: €38k
2019: €-14k
2020: €4k
2021: €8k
2022: €18k
2023: €7k
2018 → 2024
Total assets
€30k▲ 20.0%
2023 · €25k
2018: €51k
2019: €24k
2020: €18k
2021: €18k
2022: €37k
2023: €25k
2018 → 2024
Net result
€8k
2023 · €-11k
2018: €4k
2019: €-52k
2020: €18k
2021: €5k
2022: €10k
2023: €-11k
2018 → 2024
Working capital
€13k▲ 250%
2023 · €4k
2018: €38k
2019: €-15k
2020: €3k
2021: €8k
2022: €17k
2023: €4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4k-€8k▲ 119%€18k▲ 114%€7k▼ 63.1%€14k▲ 118%
Operating result€19k-€7k▼ 60.1%€15k▲ 98.3%€-11k€10k
Net result€18k-€5k▼ 74.6%€10k▲ 109%€-11k€8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €10k after a loss of €11k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30k
Fixed assets
€1k▼ 53.3%
Current assets
€28k▲ 29.7%
Equity and liabilities €30k
Equity
€14k▲ 118%
Debt
€15k▼ 16.1%
The debt ratio falls from 73.1% to 51.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12k▲
2023 · €-9k
Cash flow
€9k▲
2023 · €-10k
Solvency
48.9%▲
2023 · 26.9%
Current ratio
1.87▲
2023 · 1.21
Quick ratio
1.27▲
2023 · 0.42
Debt / equity
1.05▼
2023 · 2.72
ROE
54.2%▲
2023 · -170.9%
ROA
26.5%▲
2023 · -45.9%
Interest coverage
120.58▲
2023 · -26.09
Debt
€15k▼
2023 · €18k
Debt ≤ 1 year
€15k▼
2023 · €18k
Income taxes
€2k▲
2023 · €148
Staff costs
€24k▼
2023 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€25k€30k▲
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Plant, machinery and equipment23€518€163▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€22k€28k▲
Stocks and contracts in progress3€14k€9k▼
Contracts in progress37€14k€9k▼
Amounts receivable within one year40/41€6k€15k▲
Trade receivables40€4k€15k▲
Other amounts receivable41€2k€254▼
Cash at bank and in hand54/58€979€3k▲
Deferred charges and accrued income490/1€105€930▲
Equity and liabilities
Total equity and liabilities10/49€25k€30k▲
Equity10/15€7k€14k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k€1k=
Profit (loss) carried forward14€-13k€-5k▲
Amounts payable17/49€18k€15k▼
Amounts payable within one year42/48€18k€15k▼
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€14k€13k▼
Taxes450/3€5k€4k▼
Remuneration and social security454/9€10k€9k▼
Income statement
Code20232024
Remuneration, social security and pensions62€31k€24k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€23k€37k▲
Operating profit (loss)9901€-11k€10k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€356€97▼
Recurring financial charges65€356€97▼
Profit (loss) for the period before taxes9903€-11k€10k▲
Income taxes67/77€148€2k▲
Profit (loss) for the period9904€-11k€8k▲
Profit (loss) for the period to be appropriated9905€-11k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-5k▲
Profit (loss) brought forward from the previous period14P€-2k€-13k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.24
Current ratio from 0.61 to 1.24; short-term debt falls from €38k to €14k.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Weakest financial yearnet €-52k ▼1271%
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Sint-Agatha-Berchem · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Groot-Bijgaardenstraat 1321082 Sint-Agatha-BerchemGround area
552 m²
Building footprint
191 m²
Volume, LiDAR
1,458 m³
Parcel 21342B0035/00Z002, Brussels · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Groot-Bijgaardenstraat 132, 1082 Sint-Agatha-Berchem
since 20152.239.587.072
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0035/00Z002 | Brussels | 552 m² | 1 · 191 m² | 13.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ALPINE CONSTRUCTION
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AMVA INVEST
BE 0802.504.160
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DC-build
BE 0791.859.401
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Nathiko
BE 0897.292.362
Affligem · Eq €14k
Of 4,096 companies in sector 43240 we hold annual accounts for 1,631. 1,027 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-02-2015
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.