ADO CREATIVE BUILDING
ActiveSummary
ADO CREATIVE BUILDING has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €130,191 and a net result of €11,903. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 3557 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability64▼-23
Solvency94▲+1
Growth85=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 3.04 against 2.62 in 2023; short-term debt: 30.6% and cash: 4.1% of total assets), and 30.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 · 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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
not confirmed
2024
20 d late
2023
21 d late
2022
31 d late
2021
2 d early
2020
30 d late
2019
61 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 27 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
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Financials · fiscal year 2024, full schema
Turnover
€1.3m▲ 3.3%
2023 · €1.3m
EBIT margin
3.1%▼ 5.9pp
2023 · 9.1%
Net result
€11,903▼ 85.5%
2023 · €81,973
Working capital
€116,903▲ 27.2%
2023 · €91,890
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€412,799▲ 73.7%€771,264▲ 86.8%€1.1m▲ 42.4%€1.3m▲ 15.5%€1.3m▲ 3.3%
Operating result€29,443▲ 318%€7,846▼ 73.4%€94,089▲ 1,099%€114,838▲ 22.1%€41,031▼ 64.3%
Net result€22,988within the sector's middle half▲ 505%€5,689within the sector's middle half▼ 75.3%€69,637above the sector's middle half▲ 1,124%€81,973above the sector's middle half▲ 17.7%€11,903within the sector's middle half▼ 85.5%
EBIT margin7.1%▲ 4.2pp1.0%▼ 6.1pp8.6%▲ 7.5pp9.1%▲ 0.5pp3.1%▼ 5.9pp
Equity€32,989within the sector's middle half▲ 230%€38,678within the sector's middle half▲ 17.2%€108,315within the sector's middle half▲ 180%€118,288within the sector's middle half▲ 9.2%€130,191within the sector's middle half▲ 10.1%
Total assets€94,692within the sector's middle half▲ 350%€139,082within the sector's middle half▲ 46.9%€311,424above the sector's middle half▲ 124%€175,050within the sector's middle half▼ 43.8%€187,571below the sector's middle half▲ 7.2%
Debt€61,703▲ 460%€100,404▲ 62.7%€203,109▲ 102%€56,762▼ 72.1%€57,380▲ 1.1%
Working capital€24,622within the sector's middle half▲ 168%€17,096within the sector's middle half▼ 30.6%€93,536above the sector's middle half▲ 447%€91,890above the sector's middle half▼ 1.8%€116,903within the sector's middle half▲ 27.2%
Solvency34.8%within the sector's middle half▼ 12.7pp27.8%within the sector's middle half▼ 7.0pp34.8%within the sector's middle half▲ 7.0pp67.6%within the sector's middle half▲ 32.8pp69.4%above the sector's middle half▲ 1.8pp
Current ratio1.40within the sector's middle half▼ 0.431.17within the sector's middle half▼ 0.231.46within the sector's middle half▲ 0.292.62within the sector's middle half▲ 1.163.04above the sector's middle half▲ 0.42
Return on assets (ROA)24.3%above the sector's middle half▲ 6.2pp4.1%within the sector's middle half▼ 20.2pp22.4%above the sector's middle half▲ 18.3pp46.8%above the sector's middle half▲ 24.5pp6.3%within the sector's middle half▼ 40.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 64% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €187,571
Fixed assets
€13,288 ▼ 49.7%
Current assets
€174,283 ▲ 17.2%
Equity and liabilities €187,571
Equity
€130,191 ▲ 10.1%
Debt
€57,380 ▲ 1.1%
Debt's share of the balance-sheet total falls from 32.4% to 30.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57,026▼
2023 · €127,815
Cash flow
€27,898▼
2023 · €94,950
Debt to equity
0.44▼
2023 · 0.48
ROE
9.1%▼
2023 · 69.3%
Interest coverage
62.34▼
2023 · 124.29
Debt ≤ 1 year
€57,380▲
2023 · €56,762
Income taxes
€28,214▼
2023 · €31,837
Staff costs
€1,220▼
2023 · €2,293
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €412,799 | €771,264 | €1.1m | €1.3m | €1.3m | ▲ 3.3% |
| Goods, raw materials, services and sundry goods60/61 | - | €754,304 | €991,029 | €1.1m | €1.3m | ▲ 10.3% |
| Remuneration, social security and pensions62 | - | €2,611 | €4,121 | €2,293 | €1,220 | ▼ 46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,142 | €5,627 | €8,581 | €12,977 | €15,995 | ▲ 23.3% |
| Other operating charges640/8 | - | €875 | €2,150 | €5,852 | €2,443 | ▼ 58.3% |
| Gross operating margin9900 | €35,377 | €16,959 | €108,941 | €135,959 | €60,689 | ▼ 55.4% |
| Operating profit (loss)9901 | €29,443 | €7,846 | €94,089 | €114,838 | €41,031 | ▼ 64.3% |
| Financial income75/76B | - | €0 | €0 | €0 | €1 | ▲ 2,640% |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €1 | ▲ 2,640% |
| Financial charges65/66B | - | €128 | €2,082 | €1,028 | €915 | ▼ 11.1% |
| Recurring financial charges65 | €2 | €128 | €2,082 | €1,028 | €915 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €29,441 | €7,718 | €92,008 | €113,810 | €40,117 | ▼ 64.8% |
| Income taxes67/77 | €6,453 | €2,028 | €22,371 | €31,837 | €28,214 | ▼ 11.4% |
| Profit (loss) for the period9904 | €22,988 | €5,689 | €69,637 | €81,973 | €11,903 | ▼ 85.5% |
| Profit (loss) for the period to be appropriated9905 | €22,988 | €5,689 | €69,637 | €81,973 | €11,903 | ▼ 85.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,692 | €139,082 | €311,424 | €175,050 | €187,571 | ▲ 7.2% |
| Fixed assets21/28 | €8,367 | €21,582 | €14,779 | €26,398 | €13,288 | ▼ 49.7% |
| Tangible fixed assets22/27 | €8,271 | €19,886 | €12,333 | €24,702 | €11,592 | ▼ 53.1% |
| Plant, machinery and equipment23 | - | €9,918 | €6,997 | €15,452 | €7,868 | ▼ 49.1% |
| Furniture and vehicles24 | - | €9,119 | €4,487 | €8,400 | €2,874 | ▼ 65.8% |
| Other tangible fixed assets26 | - | €850 | €850 | €850 | €850 | = |
| Financial fixed assets28 | €96 | €1,696 | €2,446 | €1,696 | €1,696 | = |
| Current assets29/58 | €86,325 | €117,500 | €296,645 | €148,652 | €174,283 | ▲ 17.2% |
| Amounts receivable within one year40/41 | €60,604 | €107,746 | €197,761 | €33,359 | €109,661 | ▲ 229% |
| Trade receivables40 | - | €103,044 | €187,398 | €13,733 | €74,956 | ▲ 446% |
| Other amounts receivable41 | - | €4,703 | €10,363 | €19,627 | €34,705 | ▲ 76.8% |
| Cash at bank and in hand54/58 | €18,714 | €9,753 | €34,599 | €51,173 | €7,673 | ▼ 85.0% |
| Deferred charges and accrued income490/1 | - | - | €64,285 | €64,120 | €56,950 | ▼ 11.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,692 | €139,082 | €311,424 | €175,050 | €187,571 | ▲ 7.2% |
| Equity10/15 | €32,989 | €38,678 | €108,315 | €118,288 | €130,191 | ▲ 10.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | - | - | - |
| Outside capital11 | - | - | - | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €24,929 | €30,618 | €100,255 | €110,228 | €122,131 | ▲ 10.8% |
| Amounts payable17/49 | €61,703 | €100,404 | €203,109 | €56,762 | €57,380 | ▲ 1.1% |
| Amounts payable within one year42/48 | €61,703 | €100,404 | €203,109 | €56,762 | €57,380 | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16,227 | €12,201 | ▼ 24.8% |
| Trade debts44 | €52,274 | €86,186 | €178,626 | €29,619 | €17,902 | ▼ 39.6% |
| Suppliers440/4 | - | €6,788 | €8,575 | €23,318 | €8,244 | ▼ 64.6% |
| Bills of exchange payable441 | - | €79,398 | €170,051 | €6,301 | €9,658 | ▲ 53.3% |
| Taxes, remuneration and social security45 | - | €14,218 | €24,483 | €10,915 | €27,277 | ▲ 150% |
| Taxes450/3 | - | €8,481 | €22,483 | €8,395 | €21,952 | ▲ 161% |
| Remuneration and social security454/9 | - | €5,736 | €2,000 | €2,520 | €5,325 | ▲ 111% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,988 | €5,689 | €69,637 | €81,973 | €11,903 | ▼ 85.5% |
| + Depreciation and write-downs630 | €2,142 | €5,627 | €8,581 | €12,977 | €15,995 | ▲ 23.3% |
| Operating cash flow (approximation) | €25,130 | €11,317 | €78,218 | €94,950 | €27,898 | ▼ 70.6% |
| Investment in fixed assets (approximation) | - | -€18,842 | -€1,779 | -€24,595 | -€2,885 | ▲ 88.3% |
| Change in cash | - | -€8,960 | €24,845 | €16,574 | -€43,500 | ▼ 362% |
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
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Highest result since 2019net €81,973 ▲17.7%
Operating result €114,838, net result €81,973, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €100,000Eq €108,315 ▲180%
4 profitable years in a row build equity to €108,315.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Financial 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.
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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
Registered office, Kortenberg · 1 establishment unit since 2018
Ground area
3,409 m²
Building footprint
314 m²
Volume, LiDAR
1,762 m³
2 parcels, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ADO CREATIVE BUILDING
since 20182.280.620.349
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055A0204/00R007 | Flanders | 2,960 m² | 1 · 250 m² | 10.8 m · 2 fl. |
| 24055A0005/00M010 | Flanders | 448 m² | 1 · 64 m² | 9.7 m · 3 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.
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 6,160 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
Founded21-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0704898307
Also
9925:BE0704898307
Registered
31-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.