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ADLS

Active
Private limited company (pre-2019)founded 2005active for 21 yearsLa Fourche, Ch.-al'Pierre 29, 6960 Manhay, BelgiumKBO/BCE: BE 0875.581.584
Summary

ADLS has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,837 and a net result of €1,011. Equity is growing by about 9.6% per year across the filed financial years. Its solvency ranks better than 22% of 34,190 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
General electrical installation work
NACE 43211
#7 oldest company in Manhay, Construction sector1 site
Size
€234,198total assets 2025
Staff
1 FTE
Equity
€47,837
Profit
€1,011
Turnover not published (micro format)
Financial health
79 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Accounts filed 45 days late
Why 79raises riskLatest accounts 45 days late; 1 of the last 3 lateSector: Specialised construction activities (NACE 43)Equity €47,837 (20.4% of total assets)lowers riskFounded in 2005Show the evidence

Checked score

Score 2025
79 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 29% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Average
Solvency 45+3
equity 20.4% of total assets
Liquidity 30+16
short-term debt 79.0% · cash 18.4%
Profitability 69-4
return on assets 0.4%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,532 companies, NACE 43, micro)
Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.5%▼ -0.2 percentage points vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025lowest value 02-2026: 0.5%● unchanged vs 01-2026lowest value 03-2026: 0.5%● unchanged vs 02-2026lowest value 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 1.0%▲ +0.5 percentage points vs 07-2026 09-2026: 1.2%▲ +0.2 percentage points vs 08-2026highest value 10-2026: 0.6%▼ -0.6 percentage points vs 09-2026
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity tight (current ratio 1.17, compared with 1.14 in 2024; short-term debt: 79% and cash: 18.4% of total assets), and 79.6% of the assets are financed with debt.
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 43, micro): better than 22% on solvency, 18% on liquidity, 36% on profitability and 41% on growth.

The bankruptcy probability was computed on 08-10-2026 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).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Latest accounts 45 days late; 1 of the last 3 late
NBB · filings
lowers risk · Founded in 2005
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Equity €47,837 (20.4% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 34190 sector peers (2025).
NBB · sector comparison
Position among 34190 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
45 days late
2024
42 days early
2023
30 days late
2022
23 days late
2021
26 days late
2020
28 days late
2019
90 days 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 29 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Back to profitnet €8,535

Key points

  • Positive: Oldest company in Manhay, Construction sectorin the Checked rankings #7 View
  • Total assets 20256 financial years filed €234,198 View
  • Active since 2005founded 16-08-2005 21 years View

By topic

Financials

Financial year
2025
Total assets
€234,198
Profit
€1,011
Solvency
20.4%
Total assets▼ 12.6%
Net result
20182025
Go to Financials

Timeline

Events
24
Since
2007
Next accounts
by 31-07-2027
  1. 30-08-2024Annual accounts filed
  2. 31-12-2023Weakest financial year
  3. 23-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
General electrical installation workNACE 43211
Founded
16-08-2005
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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