ADIS
ActiveSummary
ADIS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €48,932 and a net result of -€16,650. Equity is shrinking by ~3.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-18
Solvency100=
Growth34▼-14
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 21.89 against 15.08 in 2023; short-term debt: 4.6% and cash: 78.6% of total assets), and 7.9% of the assets are financed with debt.
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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
Specialised construction activities (NACE 43)
about 85% more 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
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
92.1%
Return on assets
-31.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
34 d early
2023
35 d early
2022
5 d early
2021
40 d late
2020
2 d early
2019
27 d 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 7 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
€180,572▲ 1.5%
2018 · €177,828
EBIT margin
7.2%▲ 2.6pp
2018 · 4.5%
Net result
-€16,650▼ 4,038%
2023 · -€402
Working capital
€50,682▼ 24.8%
2023 · €67,407
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Turnover
Operating result€12,748▼ 1.7%-€4,161-€8,485▼ 104%-€328▲ 96.1%-€16,648▼ 4,974%
Net result€8,159within the sector's middle half▼ 4.1%-€4,161below the sector's middle half-€8,625below the sector's middle half▼ 107%-€402below the sector's middle half▲ 95.3%-€16,650below the sector's middle half▼ 4,038%
EBIT margin
Equity€78,770within the sector's middle half▲ 11.6%€74,609within the sector's middle half▼ 5.3%€65,984within the sector's middle half▼ 11.6%€65,582below the sector's middle half▼ 0.6%€48,932below the sector's middle half▼ 25.4%
Total assets€105,852within the sector's middle half▲ 14.1%€100,792below the sector's middle half▼ 4.8%€82,655below the sector's middle half▼ 18.0%€72,370below the sector's middle half▼ 12.4%€53,109below the sector's middle half▼ 26.6%
Debt€27,081▲ 22.2%€26,183▼ 3.3%€16,671▼ 36.3%€6,788▼ 59.3%€4,177▼ 38.5%
Working capital€78,041within the sector's middle half▲ 15.5%€75,278within the sector's middle half▼ 3.5%€67,492within the sector's middle half▼ 10.3%€67,407within the sector's middle half▼ 0.1%€50,682within the sector's middle half▼ 24.8%
Solvency74.4%above the sector's middle half▼ 1.7pp74.0%above the sector's middle half▼ 0.4pp79.8%above the sector's middle half▲ 5.8pp90.6%above the sector's middle half▲ 10.8pp92.1%above the sector's middle half▲ 1.5pp
Current ratio4.11above the sector's middle half▼ 0.244.11above the sector's middle half=5.60above the sector's middle half▲ 1.4915.08above the sector's middle half▲ 9.4821.89above the sector's middle half▲ 6.81
Return on assets (ROA)7.7%within the sector's middle half▼ 1.5pp-4.1%below the sector's middle half▼ 11.8pp-10.4%below the sector's middle half▼ 6.3pp-0.6%below the sector's middle half▲ 9.9pp-31.3%below the sector's middle half▼ 30.8pp
Staff (FTE)1within the sector's middle half=1below the sector's middle half=1below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,648 in 2024 against €328 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €53,109
Equity
€48,932 ▼ 25.4%
Debt
€4,177 ▼ 38.5%
Debt's share of the balance-sheet total falls from 9.4% to 7.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€16,473▼
2023 · -€11
Cash flow
-€16,474▼
2023 · -€86
Quick ratio
18.49▲
2023 · 11.63
Debt to equity
0.09▼
2023 · 0.10
ROE
-34.0%▼
2023 · -0.6%
Interest coverage
-191.68▼
2023 · -0.14
Debt ≤ 1 year
€2,427▼
2023 · €4,788
Staff costs
€583▼
2023 · €1,435
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 5,834 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €596 | - | - | - |
| Remuneration, social security and pensions62 | - | €54,979 | €12,540 | €1,435 | €583 | ▼ 59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,314 | €2,349 | €839 | €317 | €175 | ▼ 44.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €7,072 | €8,257 | ▲ 16.8% |
| Other operating charges640/8 | - | €1,386 | €1,400 | €3,150 | €387 | ▼ 87.7% |
| Non-recurring operating charges66A | - | €148 | - | - | - | - |
| Gross operating margin9900 | €68,549 | €54,700 | €6,293 | €11,645 | -€7,246 | ▼ 162% |
| Operating profit (loss)9901 | €12,748 | -€4,161 | -€8,485 | -€328 | -€16,648 | ▼ 4,974% |
| Financial income75/76B | - | €781 | - | €8 | €84 | ▲ 995% |
| Recurring financial income75 | €9 | €781 | - | €8 | €84 | ▲ 995% |
| Financial charges65/66B | - | €109 | €140 | €82 | €86 | ▲ 4.9% |
| Recurring financial charges65 | €152 | €109 | €140 | €82 | €86 | ▲ 4.9% |
| Profit (loss) for the period before taxes9903 | €12,605 | -€3,489 | -€8,625 | -€402 | -€16,650 | ▼ 4,038% |
| Income taxes67/77 | €4,446 | €672 | - | - | - | - |
| Profit (loss) for the period9904 | €8,159 | -€4,161 | -€8,625 | -€402 | -€16,650 | ▼ 4,038% |
| Profit (loss) for the period to be appropriated9905 | €8,159 | -€4,161 | -€8,625 | -€402 | -€16,650 | ▼ 4,038% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,852 | €100,792 | €82,655 | €72,370 | €53,109 | ▼ 26.6% |
| Fixed assets21/28 | €2,729 | €1,331 | €492 | €175 | - | - |
| Tangible fixed assets22/27 | €2,729 | €1,331 | €492 | €175 | - | - |
| Furniture and vehicles24 | - | €1,331 | €492 | €175 | - | - |
| Current assets29/58 | €103,122 | €99,461 | €82,163 | €72,195 | €53,109 | ▼ 26.4% |
| Stocks and contracts in progress3 | €18,716 | €23,228 | €23,573 | €16,501 | €8,245 | ▼ 50.0% |
| Stocks30/36 | - | €23,228 | €23,573 | €16,501 | €8,245 | ▼ 50.0% |
| Amounts receivable within one year40/41 | €32,266 | €51,710 | €36,617 | €2,181 | €2,377 | ▲ 9.0% |
| Trade receivables40 | - | €48,410 | €34,835 | €1,924 | €1,408 | ▼ 26.8% |
| Other amounts receivable41 | - | €3,300 | €1,781 | €257 | €969 | ▲ 277% |
| Cash at bank and in hand54/58 | €51,242 | €24,239 | €21,201 | €52,653 | €41,719 | ▼ 20.8% |
| Deferred charges and accrued income490/1 | - | €285 | €772 | €860 | €768 | ▼ 10.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,852 | €100,792 | €82,655 | €72,370 | €53,109 | ▼ 26.6% |
| Equity10/15 | €78,770 | €74,609 | €65,984 | €65,582 | €48,932 | ▼ 25.4% |
| Contributions10/11 | €43,381 | €43,381 | €43,381 | €43,381 | €43,381 | = |
| Capital10 | - | €43,381 | €43,381 | €43,381 | €43,381 | = |
| Issued capital100 | - | €43,381 | €43,381 | €43,381 | €43,381 | = |
| Reserves13 | €4,338 | €4,338 | €4,338 | €4,338 | €4,338 | = |
| Non-distributable reserves130/1 | - | €4,338 | €4,338 | €4,338 | €4,338 | = |
| Legal reserve130 | - | €4,338 | €4,338 | €4,338 | €4,338 | = |
| Profit (loss) carried forward14 | €31,051 | €26,890 | €18,265 | €17,863 | €1,213 | ▼ 93.2% |
| Amounts payable17/49 | €27,081 | €26,183 | €16,671 | €6,788 | €4,177 | ▼ 38.5% |
| Amounts payable within one year42/48 | €25,081 | €24,183 | €14,671 | €4,788 | €2,427 | ▼ 49.3% |
| Trade debts44 | €9,997 | €11,791 | €13,921 | €4,038 | €1,527 | ▼ 62.2% |
| Suppliers440/4 | - | €11,791 | €13,921 | €4,038 | €1,527 | ▼ 62.2% |
| Advances received on contracts in progress46 | - | €2,184 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €10,208 | - | - | - | - |
| Taxes450/3 | - | €4,553 | - | - | - | - |
| Remuneration and social security454/9 | - | €5,655 | - | - | - | - |
| Other amounts payable47/48 | - | - | €750 | €750 | €900 | ▲ 20.0% |
| Accrued charges and deferred income492/3 | - | €2,000 | €2,000 | €2,000 | €1,750 | ▼ 12.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,159 | -€4,161 | -€8,625 | -€402 | -€16,650 | ▼ 4,038% |
| + Depreciation and write-downs630 | €2,314 | €2,349 | €839 | €317 | €175 | ▼ 44.7% |
| Operating cash flow (approximation) | €10,473 | -€1,812 | -€7,786 | -€86 | -€16,474 | ▼ 19,159% |
| Investment in fixed assets (approximation) | - | -€950 | €0 | €0 | - | - |
| Change in cash | - | -€27,003 | -€3,037 | €31,452 | -€10,934 | ▼ 135% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€16,650
Net result drops to -€16,650, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity triplescurrent ratio 15.08
Current ratio from 5.60 to 15.08; short-term debt falls from €14,671 to €4,788.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 40 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Highest result since 2018net €8,511 ▲7.5%
Operating result €12,968, net result €8,511, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 48 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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-Pieters-Woluwe · 1 establishment unit
Ground area
3,336 m²
Building footprint
2,262 m²
Volume, LiDAR
17,359 m³
2 parcels, Brussels · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Ter Kamerenstraat 180, 1200 Sint-Lambrechts-Woluwe
since 18002.111.227.170
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21674C0313/00L005 | Brussels | 1,951 m² | 1 · 1,821 m² | 15.6 m · 1 fl. |
| 21683D0361/00C012 | Brussels | 1,385 m² | 1 · 441 m² | 16.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts Dynelec 202415%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 8,557 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-04-1986
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428801861
Also
9925:BE0428801861
Registered
29-02-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.