ADO Concept
ActiveSummary
ADO Concept has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€6,912) and a net result of -€3,601. Equity is shrinking by ~58.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€6,912
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 6 filingsDeviation from the deadline
2025
30 d late
2024
28 d late
2023
106 d late
2022
463 d late
2021
828 d late
2020
1193 d late
← 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 441 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€6,912▼ 109%
2024 · -€3,311
Total assets
€1,570▲ 40.1%
2024 · €1,120
Net result
-€3,601▼ 58.4%
2024 · -€2,273
Working capital
-€7,017▼ 91.2%
2024 · -€3,669
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
Line20212022202320242025
Operating result-€353-€6,189▼ 1,653%€113-€2,055-€3,422▼ 66.5%
Net result-€659-€8,245▼ 1,152%-€209▲ 97.5%-€2,273▼ 989%-€3,601▼ 58.4%
Equity€7,416▼ 8.2%-€829-€1,038▼ 25.2%-€3,311▼ 219%-€6,912▼ 109%
Total assets€18,065▼ 38.7%€9,814▼ 45.7%€6,408▼ 34.7%€1,120▼ 82.5%€1,570▲ 40.1%
Debt€10,649▼ 50.2%€10,643▼ 0.1%€7,446▼ 30.0%€4,431▼ 40.5%€8,481▲ 91.4%
Working capital€3,937▼ 20.4%-€4,681-€1,650▲ 64.8%-€3,669▼ 122%-€7,017▼ 91.2%
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 €3,422 in 2025 against €2,055 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1,570
Fixed assets
€105 ▼ 70.6%
Current assets
€1,464 ▲ 92.3%
Key figures and ratios
EBITDA
-€3,169▼
2024 · -€1,802
Cash flow
-€3,348▼
2024 · -€2,020
Interest coverage
-17.71▼
2024 · -8.28
Debt ≤ 1 year
€8,481▲
2024 · €4,431
Ratios withheld: a balance sheet total of €1,570 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.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,035 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €99 | €186 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,147 | €2,147 | €148 | €253 | €253 | = |
| Other operating charges640/8 | €422 | €686 | €3,282 | €404 | €451 | ▲ 11.7% |
| Gross operating margin9900 | €2,316 | -€3,170 | €3,543 | -€1,399 | -€2,718 | ▼ 94.3% |
| Operating profit (loss)9901 | -€353 | -€6,189 | €113 | -€2,055 | -€3,422 | ▼ 66.5% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | €256 | €745 | €285 | €218 | €179 | ▼ 17.8% |
| Recurring financial charges65 | €256 | €745 | €285 | €218 | €179 | ▼ 17.8% |
| Profit (loss) for the period before taxes9903 | -€609 | -€6,934 | -€172 | -€2,273 | -€3,601 | ▼ 58.4% |
| Income taxes67/77 | €50 | €1,311 | €37 | - | - | - |
| Profit (loss) for the period9904 | -€659 | -€8,245 | -€209 | -€2,273 | -€3,601 | ▼ 58.4% |
| Profit (loss) for the period to be appropriated9905 | -€659 | -€8,245 | -€209 | -€2,273 | -€3,601 | ▼ 58.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,065 | €9,814 | €6,408 | €1,120 | €1,570 | ▲ 40.1% |
| Fixed assets21/28 | €7,694 | €5,547 | €612 | €359 | €105 | ▼ 70.6% |
| Tangible fixed assets22/27 | €7,694 | €5,547 | €612 | €359 | €105 | ▼ 70.6% |
| Furniture and vehicles24 | €7,694 | €5,547 | €612 | €359 | €105 | ▼ 70.6% |
| Current assets29/58 | €10,371 | €4,267 | €5,796 | €761 | €1,464 | ▲ 92.3% |
| Amounts receivable within one year40/41 | €8,028 | €2,565 | €4,789 | €0 | €476 | ▲ 118,900% |
| Trade receivables40 | €2,602 | - | €4,710 | - | €436 | - |
| Other amounts receivable41 | €5,427 | €2,565 | €79 | €0 | €40 | ▲ 10,000% |
| Cash at bank and in hand54/58 | €2,343 | €1,703 | €1,007 | €761 | €988 | ▲ 29.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,065 | €9,814 | €6,408 | €1,120 | €1,570 | ▲ 40.1% |
| Equity10/15 | €7,416 | -€829 | -€1,038 | -€3,311 | -€6,912 | ▼ 109% |
| Contributions10/11 | €1 | €1 | €1 | €1 | €1 | = |
| Profit (loss) carried forward14 | €7,415 | -€830 | -€1,039 | -€3,312 | -€6,913 | ▼ 109% |
| Amounts payable17/49 | €10,649 | €10,643 | €7,446 | €4,431 | €8,481 | ▲ 91.4% |
| Amounts payable after more than one year17 | €4,215 | €1,694 | - | - | - | - |
| Financial debts170/4 | €4,215 | €1,694 | - | - | - | - |
| Amounts payable within one year42/48 | €6,434 | €8,949 | €7,446 | €4,431 | €8,481 | ▲ 91.4% |
| Current portion of amounts payable after more than one year42 | €2,496 | €2,521 | €1,694 | - | - | - |
| Trade debts44 | €749 | €395 | €189 | €2,219 | €2,836 | ▲ 27.8% |
| Suppliers440/4 | €749 | €395 | €189 | €2,219 | €2,836 | ▲ 27.8% |
| Advances received on contracts in progress46 | - | €1,815 | €2,904 | - | - | - |
| Taxes, remuneration and social security45 | €3,189 | €4,218 | €2,658 | €237 | €172 | ▼ 27.3% |
| Taxes450/3 | €3,163 | €1,672 | - | €237 | €172 | ▼ 27.3% |
| Remuneration and social security454/9 | €26 | €2,546 | €2,658 | - | - | - |
| Other amounts payable47/48 | - | - | - | €1,975 | €5,473 | ▲ 177% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€659 | -€8,245 | -€209 | -€2,273 | -€3,601 | ▼ 58.4% |
| + Depreciation and write-downs630 | €2,147 | €2,147 | €148 | €253 | €253 | = |
| Operating cash flow (approximation) | €1,488 | -€6,098 | -€61 | -€2,020 | -€3,348 | ▼ 65.8% |
| Investment in fixed assets (approximation) | - | €0 | €4,787 | €0 | €0 | - |
| Change in cash | - | -€640 | -€696 | -€246 | €227 | ▲ 192% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 106 days late
05-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 463 days late
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 828 days late
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1193 days late
2022
31-12
Financial
Weakest financial yearnet -€8,245
Net result drops to -€8,245, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Genappe · 1 establishment unit since 2019
Ground area
672 m²
Building footprint
80 m²
Volume, LiDAR
639 m³
Parcel 25041D0236/00H000, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ADO Concept
since 20192.296.766.196
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25041D0236/00H000 | Wallonia | 671 m² | 1 · 80 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,147 companies in sector 71209 we hold annual accounts for 1,087. 408 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
74112Other professional, scientific and technical activities
81100Combined facilities support activities
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0739696264
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.