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ADLS FORAGE

Active
Private limited companyfounded 20233 yrs activeGrand-Route 130, 4690 Bassenge, BelgiumKBO/BCE: BE 1000.336.452
Summary

ADLS FORAGE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,659 and a net result of €59,272. Equity is growing by ~68.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 1206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Risk analysisWatch ReportCompare
ADLS FORAGEActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Civil engineering
NACE 42219Specialised construction activities NACE 43130
1 site
Size
€152,769total assets 2025
Equity
€107,659
Profit
€59,272
Turnover not published (abridged schema)
Financial health
67 Healthy Checked score 2025
Bankruptcy chance 12 m
1.3%
Structure
Accounts filed 61 d late
Why 67- Founded in 2023- Size: total assets €152,769- Latest accounts 61 days late; 1 of the last 3 late+ Liquidity: current ratio 2.86, cash €29,130Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 82% of its sector peers (NACE 42, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 95+30
equity 70.5% of total assets
Liquidity 62-3
short-term debt 28.7% · cash 19.1%
Profitability 100=
return on assets 38.8%
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,865 companies)
Last 24 months 11-2024: 0.6%lowest value 12-2024: 0.6%● 0.0% vs 11-2024lowest value 01-2025: 0.7%▲ +4.5% vs 12-2024 02-2025: 0.7%▲ +0.9% vs 01-2025 03-2025: 0.7%▲ +6.6% vs 02-2025 04-2025: 0.7%▲ +5.0% vs 03-2025 05-2025: 0.8%▲ +7.0% vs 04-2025 06-2025: 0.8%▲ +2.6% vs 05-2025 07-2025: 0.9%▲ +4.4% vs 06-2025 08-2025: 1.5%▲ +71.5% vs 07-2025 09-2025: 0.7%▼ -49.5% vs 08-2025 10-2025: 0.8%▲ +2.4% vs 09-2025 11-2025: 0.8%● 0.0% vs 10-2025 12-2025: 0.8%● 0.0% vs 11-2025 01-2026: 0.7%▼ -1.1% vs 12-2025 02-2026: 0.7%● 0.0% vs 01-2026 03-2026: 0.7%● 0.0% vs 02-2026 04-2026: 0.8%▲ +3.1% vs 03-2026 05-2026: 0.8%▲ +5.7% vs 04-2026 06-2026: 0.8%▼ -2.6% vs 05-2026 07-2026: 0.8%▲ +4.8% vs 06-2026 08-2026: 1.5%▲ +81.9% vs 07-2026 09-2026: 1.8%▲ +20.5% vs 08-2026highest value 10-2026: 1.3%▼ -28.8% vs 09-2026
  • Founded in 2023 raises the probability for this profile
  • Size: total assets €152,769 raises the probability for this profile
  • Liquidity: current ratio 2.86, cash €29,130 lowers the probability
  • Latest accounts 61 days late; 1 of the last 3 late raises the probability
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.86 against 1.33 in 2024; short-term debt: 28.7% and cash: 19.1% of total assets), and 29.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 42, micro). Better than this share of them on solvency 79%, liquidity 66%, profitability 91%, growth against the median 90%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Founded in 2023
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Size: total assets €152,769
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.86, cash €29,130
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Latest accounts 61 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
61 d late
2024
2 d late
2023
4 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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 5 August (3 of the last 3 filed years within 56 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Highest result since 2023net €59,272 ▲52.1%
  3. Liquidity doublescurrent ratio 2.86

Key points

  • Positive: Equity rose in 2025from €48,387 to €107,659 ▲ 122% View
  • Positive: Among the best 13% on net resultsector median €11,826 · 1,202 companies €59,272 View
  • Caution: Latest accounts filed lateafter the legal deadline 61 d View

By topic

Financials

Fiscal year
2025
Total assets
€152,769
Profit
€59,272
Solvency
70.5%
Total assets▲ 25.2%
Net result
20232025
Go to Financials

Timeline

Events
7
Since
2024
Next accounts
by 31-07-2027
  1. 30-09-2026Annual accounts filed
  2. 31-12-2025Highest result since 2023
  3. 31-12-2025Liquidity doubles
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Civil engineeringNACE 42219
Founded
26-09-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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