Skip to content

ADICO WORK

Active
Public limited companyfounded 2019active for 7 yearsPoverstraat 176A, 1731 Asse, BelgiumKBO/BCE: BE 0735.978.194
Summary

ADICO WORK has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €199,326 and a net result of €24,844. Equity is growing by about 5.7% per year across the filed financial years. Its solvency ranks better than 44% of 53 sector peers (NACE 41, financial year 2026). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€446,831total assets 2026
Equity
€199,326
Profit
€24,844
Financial health
68 Healthy Checked score 2026
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Accounts 37 days early0 of 3 deeds read
Why 68raises riskSector: Construction of residential and non-residential buildings (NACE 41)Founded in 2019lowers riskFigures for financial year 2026 (filed 24-09-2026)Legal form: public limited companyShow the evidence

Checked score

Score 2026
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 55% of its sector peers (NACE 41, micro)
Financial strength · tick = 2025
Strong
Solvency 70+2
equity 44.6% of total assets
Liquidity 53+2
short-term debt 15.0% · cash 5.2%
Profitability 76+8
return on assets 5.6%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,398 companies, NACE 41, micro)
Last 24 months 11-2024: 2.7% 12-2024: 2.7%● unchanged vs 11-2024 01-2025: 2.7%● unchanged vs 12-2024 02-2025: 2.5%▼ -0.2 percentage points vs 01-2025 03-2025: 2.5%● unchanged vs 02-2025 04-2025: 2.5%● unchanged vs 03-2025 05-2025: 2.6%▲ +0.1 percentage points vs 04-2025 06-2025: 2.5%▼ -0.1 percentage points vs 05-2025 07-2025: 2.7%▲ +0.2 percentage points vs 06-2025 08-2025: 2.6%▼ -0.1 percentage points vs 07-2025 09-2025: 2.5%▼ -0.1 percentage points vs 08-2025 10-2025: 2.8%▲ +0.3 percentage points vs 09-2025highest value 11-2025: 1.5%▼ -1.3 percentage points vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.2%▼ -0.3 percentage points vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.2%● unchanged vs 04-2026 06-2026: 1.2%● unchanged vs 05-2026 07-2026: 1.3%▲ +0.1 percentage points vs 06-2026 08-2026: 1.3%● unchanged vs 07-2026 09-2026: 1.3%● unchanged vs 08-2026 10-2026: 0.8%▼ -0.5 percentage points vs 09-2026lowest value
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.85, compared with 1.96 in 2025; short-term debt: 15% and cash: 5.2% of total assets), but 55.4% 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 41, micro): better than 53% on solvency, 57% on liquidity, 53% on profitability and 59% on growth.

The bankruptcy probability was computed on 11-10-2026 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 · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Founded in 2019
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Figures for financial year 2026 (filed 24-09-2026)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 24-09-2026, 37 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2026
37 days early
2025
11 days early
2024
5 days early
2023
29 days early
2022
16 days early
2021
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 17 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 15 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · abbreviated…
  2. Highest result from 2021 to 2026net €24,844 ▲164%
  3. Annual accounts filedfinancial year 2025 · micro…

Key points

  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Positive: 6 profitable years in a rowprofit 2026: €24,844 6 years View
  • Total assets 20266 financial years filed €446,831 View

By topic

Financials

Financial year
2026
Total assets
€446,831
Profit
€24,844
Solvency
44.6%
Turnover▼ 67.7%
Net result
20212023
Go to Financials

Timeline

Events
10
Since
2021
Next accounts
by 31-10-2027
  1. 26-10-2024Annual accounts filed
  2. 31-03-2024Weakest financial year
  3. 02-10-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
General construction of residential buildingsNACE 41001
Founded
11-10-2019
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.