ADO
InactiveADO was declared bankrupt on 04-04-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 15-10-2024, published in the Belgian State Gazette on 22-10-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-09-2022, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
60 d late
2020
59 d late
2019
62 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 60 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
-€281,387▼ 22.5%
2020 · -€229,786
Total assets
€2,114▲ 5.1%
2020 · €2,011
Net result
-€51,601▼ 288%
2020 · -€13,295
Working capital
-€281,569▼ 22.4%
2020 · -€230,012
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€18,751--€33,593▼ 79.2%-€13,295▲ 60.4%-€51,601▼ 288%
Net result-€18,751--€33,593▼ 79.2%-€13,295▲ 60.4%-€51,601▼ 288%
Equity-€182,898--€216,490▼ 18.4%-€229,786▼ 6.1%-€281,387▼ 22.5%
Total assets€11,332-€1,913▼ 83.1%€2,011▲ 5.1%€2,114▲ 5.1%
Debt€194,229-€218,403▲ 12.4%€231,797▲ 6.1%€283,501▲ 22.3%
Working capital-€184,264--€216,538▼ 17.5%-€230,012▼ 6.2%-€281,569▼ 22.4%
Staff (FTE)0.3-0.5▲ 66.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €51,601 in 2021 against €13,295 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2,114
Fixed assets
€182 ▼ 19.7%
Current assets
€1,932 ▲ 8.3%
Key figures and ratios
EBITDA
-€51,557▼
2020 · -€13,251
Cash flow
-€51,557▼
2020 · -€13,251
Debt ≤ 1 year
€283,501▲
2020 · €231,797
Staff costs
€8,517
Ratios withheld: a balance sheet total of €2,114 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €8,517 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,436 | €2,069 | €45 | €45 | = |
| Other operating charges640/8 | - | - | - | €2,234 | - |
| Gross operating margin9900 | -€6,470 | -€17,477 | -€12,421 | -€40,806 | ▼ 229% |
| Operating profit (loss)9901 | -€18,751 | -€33,593 | -€13,295 | -€51,601 | ▼ 288% |
| Profit (loss) for the period before taxes9903 | -€18,751 | -€33,593 | -€13,295 | -€51,601 | ▼ 288% |
| Profit (loss) for the period9904 | -€18,751 | -€33,593 | -€13,295 | -€51,601 | ▼ 288% |
| Profit (loss) for the period to be appropriated9905 | -€18,751 | -€33,593 | -€13,295 | -€51,601 | ▼ 288% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €11,332 | €1,913 | €2,011 | €2,114 | ▲ 5.1% |
| Fixed assets21/28 | €1,367 | €48 | €227 | €182 | ▼ 19.7% |
| Intangible fixed assets21 | €1,021 | - | - | - | - |
| Tangible fixed assets22/27 | €298 | - | €179 | €134 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | - | - | €134 | - |
| Financial fixed assets28 | €48 | €48 | €48 | €48 | = |
| Current assets29/58 | €9,965 | €1,865 | €1,784 | €1,932 | ▲ 8.3% |
| Stocks and contracts in progress3 | €1,500 | €1,271 | €1,200 | €1,249 | ▲ 4.1% |
| Stocks30/36 | - | - | - | €1,249 | - |
| Amounts receivable within one year40/41 | - | - | €484 | €583 | ▲ 20.5% |
| Other amounts receivable41 | - | - | - | €583 | - |
| Cash at bank and in hand54/58 | €8,465 | €594 | €100 | €100 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €11,332 | €1,913 | €2,011 | €2,114 | ▲ 5.1% |
| Equity10/15 | -€182,898 | -€216,490 | -€229,786 | -€281,387 | ▼ 22.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€201,498 | -€235,090 | -€248,386 | -€299,987 | ▼ 20.8% |
| Amounts payable17/49 | €194,229 | €218,403 | €231,797 | €283,501 | ▲ 22.3% |
| Amounts payable within one year42/48 | €194,229 | €218,403 | €231,797 | €283,501 | ▲ 22.3% |
| Other amounts payable47/48 | - | - | - | €283,501 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,751 | -€33,593 | -€13,295 | -€51,601 | ▼ 288% |
| + Depreciation and write-downs630 | €3,436 | €2,069 | €45 | €45 | = |
| Operating cash flow (approximation) | -€15,315 | -€31,524 | -€13,251 | -€51,557 | ▼ 289% |
| Investment in fixed assets (approximation) | - | -€750 | -€223 | €0 | ▲ 100% |
| Change in cash | - | -€7,871 | -€494 | €0 | ▲ 100% |
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
2024
22-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 15-10-2024
2023
12-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 04-04-2023
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Weakest financial yearnet -€51,601
Net result drops to -€51,601, the lowest in the series.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
05-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 189 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 424 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
10-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 284 days late
10-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 649 days late
2013
30-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 152 days late
SignalFinancial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARC KIPS PALEISSTRAAT 24, 2018 ANTWERPEN 1- |
04-04-2023 → 15-10-2024 |