ADO CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ADO CONSTRUCT is 2.2% (moderate). For ADO CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €63,131 and a net result of €979. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 76% of 33672 sector peers (fiscal year 2023). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability70▲+12
Solvency94▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 →
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 2023Solvency, return and age of the figures
Solvency
68.9%
Return on assets
1.1%
Age of the figures
33 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 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
31-12-2024 close31-07-2025 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
60 d late
2021
59 d late
2020
90 d late
2019
81 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 64 days after 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€63,131▲ 1.6%
2022 · €62,152
Total assets
€91,629▼ 20.1%
2022 · €114,747
Net result
€979
2022 · -€5,893
Working capital
€32,255▲ 9.3%
2022 · €29,515
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
Line20192020202120222023
Operating result€11,289▼ 56.8%€18,216▲ 61.4%€11,222▼ 38.4%-€3,551€4,349
Net result€7,249▼ 61.7%€11,056▲ 52.5%€6,110▼ 44.7%-€5,893€979
Equity€50,879▲ 16.6%€61,935▲ 21.7%€68,045▲ 9.9%€62,152▼ 8.7%€63,131▲ 1.6%
Total assets€75,600▲ 2.1%€104,061▲ 37.6%€132,973▲ 27.8%€114,747▼ 13.7%€91,629▼ 20.1%
Debt€24,721▼ 18.7%€42,127▲ 70.4%€64,928▲ 54.1%€52,595▼ 19.0%€28,498▼ 45.8%
Working capital€43,022▲ 41.9%€38,491▼ 10.5%€34,357▼ 10.7%€29,515▼ 14.1%€32,255▲ 9.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €4,349 after a loss of €3,551 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €91,629
Fixed assets
€38,780 ▼ 29.7%
Current assets
€52,848 ▼ 11.3%
Equity and liabilities €91,629
Equity
€63,131 ▲ 1.6%
Debt
€28,498 ▼ 45.8%
Debt's share of the balance-sheet total falls from 45.8% to 31.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,764▲
2022 · €12,864
Cash flow
€17,394▲
2022 · €10,522
Current ratio
2.57▲
2022 · 1.98
Debt to equity
0.45▼
2022 · 0.85
ROE
1.6%▲
2022 · -9.5%
ROA
1.1%▲
2022 · -5.1%
Interest coverage
9.63▲
2022 · 5.49
Debt ≤ 1 year
€20,594▼
2022 · €30,037
Debt > 1 year
€7,904▼
2022 · €22,558
Income taxes
€1,234
Staff costs
€60▼
2022 · €186
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €581 | €186 | €60 | ▼ 67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,455 | €8,804 | €9,765 | €16,415 | €16,415 | = |
| Other operating charges640/8 | - | - | €4,598 | €2,975 | €2,944 | ▼ 1.1% |
| Gross operating margin9900 | €32,384 | €31,024 | €26,166 | €16,025 | €23,768 | ▲ 48.3% |
| Operating profit (loss)9901 | €11,289 | €18,216 | €11,222 | -€3,551 | €4,349 | ▲ 222% |
| Financial income75/76B | - | - | - | - | €21 | - |
| Recurring financial income75 | - | - | - | - | €21 | - |
| Financial charges65/66B | - | - | €1,886 | €2,341 | €2,157 | ▼ 7.9% |
| Recurring financial charges65 | €1,749 | €2,272 | €1,886 | €2,341 | €2,157 | ▼ 7.9% |
| Profit (loss) for the period before taxes9903 | €9,541 | €15,944 | €9,335 | -€5,893 | €2,213 | ▲ 138% |
| Income taxes67/77 | €2,292 | €4,888 | €3,226 | - | €1,234 | - |
| Profit (loss) for the period9904 | €7,249 | €11,056 | €6,110 | -€5,893 | €979 | ▲ 117% |
| Profit (loss) for the period to be appropriated9905 | €7,249 | €11,056 | €6,110 | -€5,893 | €979 | ▲ 117% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,600 | €104,061 | €132,973 | €114,747 | €91,629 | ▼ 20.1% |
| Fixed assets21/28 | €7,857 | €23,444 | €71,534 | €55,195 | €38,780 | ▼ 29.7% |
| Tangible fixed assets22/27 | €7,857 | €23,429 | €71,363 | €54,948 | €38,533 | ▼ 29.9% |
| Furniture and vehicles24 | - | - | €71,363 | €54,948 | €38,533 | ▼ 29.9% |
| Financial fixed assets28 | - | €15 | €171 | €247 | €247 | = |
| Current assets29/58 | €67,743 | €80,618 | €61,439 | €59,552 | €52,848 | ▼ 11.3% |
| Amounts receivable after more than one year29 | - | - | €27,904 | €20,667 | €20,551 | ▼ 0.6% |
| Other amounts receivable291 | - | - | €27,904 | €20,667 | €20,551 | ▼ 0.6% |
| Amounts receivable within one year40/41 | €62,691 | €13,456 | €29,995 | €31,776 | €29,196 | ▼ 8.1% |
| Trade receivables40 | - | - | €29,608 | €31,776 | €18,147 | ▼ 42.9% |
| Other amounts receivable41 | - | - | €387 | - | €11,048 | - |
| Cash at bank and in hand54/58 | €1,606 | €2,002 | €3,540 | €2,498 | €866 | ▼ 65.3% |
| Deferred charges and accrued income490/1 | - | - | - | €4,611 | €2,236 | ▼ 51.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,600 | €104,061 | €132,973 | €114,747 | €91,629 | ▼ 20.1% |
| Equity10/15 | €50,879 | €61,935 | €68,045 | €62,152 | €63,131 | ▲ 1.6% |
| Contributions10/11 | €6,300 | - | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €16,121 | €26,121 | €26,121 | €26,121 | €26,121 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | €14,261 | €14,261 | €14,261 | = |
| Distributable reserves133 | - | - | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €28,458 | €29,514 | €35,624 | €29,731 | €30,711 | ▲ 3.3% |
| Amounts payable17/49 | €24,721 | €42,127 | €64,928 | €52,595 | €28,498 | ▼ 45.8% |
| Amounts payable after more than one year17 | - | - | €36,558 | €22,558 | €7,904 | ▼ 65.0% |
| Financial debts170/4 | - | - | €36,558 | €22,558 | €7,904 | ▼ 65.0% |
| Amounts payable within one year42/48 | €24,721 | €42,127 | €27,081 | €30,037 | €20,594 | ▼ 31.4% |
| Current portion of amounts payable after more than one year42 | - | - | €14,618 | €14,000 | €14,919 | ▲ 6.6% |
| Financial debts43 | - | - | - | €6,962 | - | - |
| Credit institutions430/8 | - | - | - | €6,962 | - | - |
| Trade debts44 | - | €10,368 | €3,738 | €6,419 | €5,153 | ▼ 19.7% |
| Suppliers440/4 | - | - | €3,738 | €6,419 | €5,153 | ▼ 19.7% |
| Taxes, remuneration and social security45 | - | - | €8,593 | €2,655 | €322 | ▼ 87.9% |
| Taxes450/3 | - | - | €7,543 | €2,655 | €322 | ▼ 87.9% |
| Remuneration and social security454/9 | - | - | €1,050 | - | - | - |
| Other amounts payable47/48 | - | - | €131 | - | €200 | - |
| Accrued charges and deferred income492/3 | - | - | €1,289 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,249 | €11,056 | €6,110 | -€5,893 | €979 | ▲ 117% |
| + Depreciation and write-downs630 | €5,455 | €8,804 | €9,765 | €16,415 | €16,415 | = |
| Operating cash flow (approximation) | €12,703 | €19,859 | €15,875 | €10,522 | €17,394 | ▲ 65.3% |
| Investment in fixed assets (approximation) | - | -€24,390 | -€57,856 | -€76 | €0 | ▲ 100% |
| Change in cash | - | €396 | €1,538 | -€1,042 | -€1,632 | ▼ 56.5% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €979
Net result €979 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet -€5,893
Net result drops to -€5,893, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 52 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Elsene · 1 establishment unit since 2008
Ground area
1,899 m²
Building footprint
1,399 m²
Volume, LiDAR
35,628 m³
2 parcels, Brussels, Flanders · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
376
companies at this address
See who is registered here
1 establishment unit
ADO CONSTRUCT
since 20082.171.203.656
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
| 23322E0103/00B004 | Flanders | 274 m² | 1 · 113 m² | 12.0 m · 1 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.
Similar companies · same sector, comparable size
Paul et Elaine KERF
BE 0826.074.467
Pepinster · Eq €62,678
GeGa Engineering & Construction
BE 0662.513.265
Liège · Eq €63,969
DEST
BE 0538.877.857
Rijkevorsel · Eq €62,157
MB-Boringen
BE 0666.549.554
Diepenbeek · Eq €64,749
MAARTEN BOERMANS
BE 0689.893.296
Vosselaar · Eq €65,953
Of 607 companies in sector 43130 we hold annual accounts for 302. 227 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 (pre-2019)
Founded02-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43130Specialised construction activities
41001General construction of residential buildings
43120Site preparation
43230Insulation installation
53100Postal and courier activities
Scores and ratios are computed by Checked and are not a credit decision.