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ADR Construct

Active Private limited companyfounded 1991active for 35 yearsHerentalsebaan 451, 2160 WommelgemKBO/BCE: BE 0443.354.138 subsidiary of Machaman
ADR Construct
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Overview

Lifetime

20 annual accounts with figures on one time axis, 35 filings since 1991
peak €1.4m (2022)
€797,544▼ 26.0%
lowest -€349,340 (2022)
-€272,683▼ €315,650
peak €851,152 (2014)
€14,419▼ 95.0%
€587,442▲ 1.5%
peak 16 FTE (2022)
15.4 FTE▲ 4.1%
Board3 names since 2023
1 directorMachaman BV
Owners3 names in the annual accounts
100%Machaman
Documentsfilings and deeds
16-07-202615 days before the deadline
2025abbreviated format
Gross margin from €1.1m to €797,544Loss of €272,683Equity from €287,101 to €14,419Investments €26,222

Key points

from the 2025 annual accounts

Equity

€14,419 from €851,152 in 2014

Equity fell by 98% in 11 years.

Debts

€587,442 98% of the balance sheet
Financial debts 26%Suppliers 23%Taxes and wages 31%Other 19%

€150,477 of the debts are secured on the company's own assets.

Investments

€26,222 1.9 × depreciation
2021202320242025

Green is investment, beige is depreciation.

Liquidity

0.88 was 1.37 in 2024

Short-term debts rose from €578,487 to €587,442.

Filings

35 annual accounts since 1991
AprilJune31 JulyOctober200020102020

The last five annual accounts were filed 15 to 86 days before the end of the period.

Position in the sector

-€272,683

Lower net result than 95% of companies in specialised construction. Sector median €26,691 · 9,959 companies.

Checked score

52
Fair
Financially stronger than 14% of small companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.1%▼ -0.1 percentage points vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 1.9%▲ +1.7 percentage points vs 07-2026highest value 09-2026: 1.9%● unchanged vs 08-2026highest value 10-2026: 1.9%● unchanged vs 09-2026highest value 11-2026: 1.9%● unchanged vs 10-2026highest value

Financial strength
Weak

27-31equity 2.4% of total assets
44=short-term debt 97.6% · cash 35.3%
0-75return on assets -45.3%

Score breakdown

raises risk
Loss of €272,683 (financial year 2025)
Equity €14,419 (2.4% of total assets)
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 0.88, cash €212,744
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 4% of them on solvency, 48% on liquidity, 2% on profitability and 2% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 175 companies had the same profile as ADR Construct has now. Each dot is one company, two years later.

85.1%
were still trading
8.6%
stopped another way
5.7%
went bankrupt
  • Small
  • 20 years or older
  • solvency under 10%
  • a loss of 10% of the balance sheet or more

Another 0.6% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of ADR Construct itself: 1.9% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 175 companies, not a prediction for ADR Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €500 on 30-day terms, only on tighter conditions

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity is insufficient, with a current ratio of 0.88 (1.37 in 2024), below 1. Short-term debt is 97.6% and cash 35.3% of total assets. 97.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €272,683 (financial year 2025)
NBB · annual accounts
raises risk · Equity €14,419 (2.4% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.88, cash €212,744
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 9967 sector peers (2025).
NBB · sector comparison
Position among 9967 sector peers
Solvency
better than 9%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 days early
2024
58 days early
2023
86 days early
2022
33 days early
2021
31 days early
2020
39 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 38 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

MB
Machaman BV
Director, Christophe Knuysen, since 11-01-2024
  • Machaman 100%equity €262,861 (2025) · 30-06-2025 annual accounts of Machaman
  • SORIC 50%score 93equity €896,634 (2025) · 30-06-2023 annual accounts of SORIC
  • VERMEEREN 50%score 95equity €537,166 (2026) · 30-06-2023 annual accounts of VERMEEREN
Board & ownership

Recent changes

1 director appointed, 2 resignations Resignations: VERMEEREN BV (director) and SORIC BV (director) · Permanent representatives: Antonius Vermeeren, Kris Molkens, Christophe Knuysen and Kim Oeyen · Appointment: Machaman BV (director) · General meeting of 11-01-2024 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0443354138
Amendment of the articles · Legal-form change · Resignations & appointments Resignations: SORIC (director) and VERMEEREN (director) · Reappointments: SORIC (director) and VERMEEREN (director) · Permanent representatives: MOLKENS Kris and VERMEEREN Antonius · Gazette deed
First establishment ADR CONSTRUCT BVBA, Herentalsebaan 451, Wommelgem
All 44 events

Comparable companies

same main activity, similar in size and age
Company
ADR Construct Wommelgem €601,860 €797,544 2.4% 15.4
MENUISERIE BALASSE Manage €604,511 €830,920 37.7% 14.4
B.K. Services Ranst €436,500 €628,253 -5.8% 15.7
ALGEMENE TIMMER- EN SCHRIJNWERKEN HEEMERYCK Staden €647,552 €682,816 52.3% 11.3
GEBROEDERS FERSON INTERIEURBOUW Oudsbergen €671,885 €745,873 30.9% 12.1
PROMOUVOIR LA SECURITE Wavre €452,945 €813,997 14.6% 16.3
BAERT GEBROEDERS Lochristi €923,081 €817,921 68.4% 13.9

These companies have the same main activity as ADR Construct: joinery installation (NACE 43320). They are comparable in size and age: total assets between €437,000 and €923,000, founded between 1979 and 1998.

Official details

Source: KBO
Status
Active since 20-02-1991Normal situation
Activity
Joinery installationNACE 43320and 2 others
Joint committees
209White-collar workers in metal manufacturing
111Metal, mechanical and electrical engineering · annual accounts 2025
Establishment unit
2.051.981.8472160 Wommelgem, since 18-03-1991
Financial year end
31 December
Peppol
Reachable since 22-03-2024
Company details

Annual accounts 2025

€797,544▼ 26.0%
≈ €2.3mestimated
€272,683
€14,419▼ 95.0%
€601,860▼ 30.5%
Employeeson 31-12-2025
15=
Filing
Filed on 16-07-2026, 15 days before the end of the filing period
Financials

Insights on ADR Construct

ADR Construct files the abbreviated format. That format states no turnover. The gross margin rose from €501,990 in 2006 to €797,544 in 2025.

Machaman holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 16-07-2026, 15 days before the deadline
€797,544
▼ 26.0%
-€291,404
▼ €325,389
-€272,683
▼ €315,650
-€68,961
▼ €285,044
2.4%
▼ 30.8 percentage points
0.88
▼ 0.49

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.3m. Estimated: probably between €1.7m and €2.9m.

Balance sheet

balance sheet total €601,860 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

2.4%

Higher than 9% of 9,967 companies in 2025.

0.88

Higher than 14% of 9,830 companies in 2025.

-45.3%

Lower than 95% of 9,899 companies in 2025.

ADR Construct Middle half of the sector 80% of the sector Abbreviated accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: top quarter

Staff

€68,986

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, 1 person joined and 1 left. Training hours in 2025: 12.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 601,860865,589942,4041.1m1.8m1.6m1.6m1.5m1.6m1.6m1.9m2.0m2.0m2.1m2.5m2.3m2.0m2.1m2.1m2.2m
21/28 83,38071,01957,39641,104854,871923,003946,1071.0m1.1m1.2m1.2m1.3m1.3m1.4m1.5m1.7m1.5m1.6m1.7m1.7m
21 -01701,4713,7654,629---6673,3194,0491572082,5779,0559,467-3,7607,521
22/27 44,12831,76757,22639,508847,360914,630945,8471.0m1.1m1.2m1.2m1.3m1.3m1.4m1.5m1.7m1.5m1.6m1.7m1.7m
23 8,92712,3259,9626,1318,4201,4502,1752,9007581,9743,4471,7271,6873,3683,9988,90312,7125,92311,43125,302
24 11,64612,68512,56017,80526,54937,7387,6452,4102,7294,6865,2615,45910,1808,23212,38028,27037,13652,06729,51125,077
25 ---0774,928---------------
26 23,5566,75734,70315,57137,46360,55981,190113,282143,720177,584151,591188,227235,782284,457337,582410,248166,797197,986225,957129,562
28 39,25239,25201253,7453,7452607607607806251256256252,3751,625875125-175
29/58 518,480794,570885,0081.1m902,735722,691684,264523,659539,923489,418724,323728,140616,119711,150949,181576,804489,142517,321422,125498,792
3 179,960281,558224,375293,649293,083193,309191,479165,901164,850156,177141,111139,335119,351115,766114,211132,526110,26994,626106,80055,243
30/36 179,960281,558224,375293,649293,083193,309191,479165,901164,850156,177141,111139,335119,351115,766114,211132,526110,26994,626106,80055,243
40/41 104,781276,833207,083352,591215,844207,144322,761179,085289,146256,951354,542268,997296,915285,351235,814147,838117,571169,492203,749348,642
40 103,742248,340193,007277,378193,186199,911314,256172,792282,822241,301346,004244,101275,789245,032235,814117,82479,06882,122145,97588,390
41 1,04028,49314,07775,21322,6587,2338,5056,2936,32415,6498,53924,89621,12640,319-30,01438,50387,36957,773260,252
50/53 02,058-07,8327,8327,8327,83215,66415,66415,66415,66415,66445,66415,66415,66415,664170,000--
54/58 212,744202,736451,585453,115384,150311,045162,191170,84170,26359,053208,844304,144184,189256,539576,998280,776244,38775,299106,69586,451
490/1 20,99531,3841,9643,5951,8273,362---1,5744,162--7,8306,494-1,2517,9044,8818,457
Balance sheet: equity and liabilities
10/49 601,860865,589942,4041.1m1.8m1.6m1.6m1.5m1.6m1.6m1.9m2.0m2.0m2.1m2.5m2.3m2.0m2.1m2.1m2.2m
10/15 14,419287,101287,101281,128830,468821,804800,198784,528799,546829,611838,761851,152759,080791,141628,634610,661580,540549,719522,613520,728
10/11 25,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,000
100 ------25,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,00025,000
13 262,101262,101262,101256,128805,468796,804775,198759,528774,546804,611813,761826,152734,080766,141603,634585,661555,540524,719497,613495,728
130/1 --02,5002,5002,500--------------
130 ------2,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,500
1311 --02,5002,5002,500--------------
132 ------08,14935,51776,56990,253103,937192,622206,306145,850162,011179,967199,919222,087246,718
133 262,101262,101262,101253,628802,968794,304772,698748,879736,529725,542721,008719,715538,958557,336455,284421,150373,073322,301273,026246,510
14 -272,6830000---------------
16 ------03,41016,89037,11043,85050,58957,32964,06971,23379,19388,03797,864108,782120,914
168 ------03,41016,89037,11043,85050,58957,32964,06971,23379,19388,03797,864108,782120,914
17/49 587,442578,487655,302862,927927,138823,890830,172749,865806,200783,0881.0m1.1m1.1m1.3m1.8m1.6m1.3m1.5m1.5m1.5m
17 --0728116,267224,978300,905388,887471,347548,631621,064688,950772,992867,624958,5121.0m976,7991.0m1.1m1.1m
170/4 --0728116,267224,978300,905388,887471,347548,631621,064688,950772,992867,624958,5121.0m976,7991.0m1.1m1.1m
42/48 587,442578,487655,302862,199805,372596,358526,871359,471333,549234,458399,547391,645369,713419,726826,700523,331347,352425,442397,224402,866
42 058,500728147,160134,416125,096118,710105,611100,66172,43382,886119,04294,63290,88987,38191,32358,45259,95755,10857,356
43 152,915138--------16,833---------
430/8 152,915138--------16,833---------
44 137,992211,524115,052146,192167,177124,620122,41384,90256,90365,83373,51064,64285,67292,404120,40231,59016,16740,20456,442234,073
440/4 137,992211,524115,052146,192167,177124,620122,41384,90256,90365,83373,51064,64285,67292,404120,40231,59016,16740,20456,442234,073
46 34,88784,300192,230265,403247,390160,700128,23362,85066,20021,25070,70090,50070,75586,600350,403212,248131,214213,060215,03754,445
45 182,512115,958147,292103,444106,38985,94290,51579,10879,78574,94290,618117,46188,65599,83388,51548,17041,51937,22230,63626,992
450/3 26,14725,42641,4801317,90610,34121,0723,82412,9143,18119,85316,2111,0197,6505,941789-8008001,815
454/9 156,36590,533105,812103,31398,48375,60169,44375,28466,87171,76170,765101,25087,63692,18382,57447,38141,51936,42229,83625,177
47/48 79,136108,067200,000200,000150,000100,00067,00027,00030,000-65,000-30,00050,000180,000140,000100,00075,00040,00030,000
492/3 ---05,4992,5542,3961,5071,304-----------
Income statement
76A --08,8362,0663,1081,946-----2,066---3,165-413-
9900 797,5441.1m1.4m1.4m1.2m1.0m983,572904,458771,930884,2021.0m977,446859,9581.1m1.1m1.0m905,073764,785599,046501,990
62 1.1m989,023943,978967,327889,697758,920792,064821,567706,518772,950799,677712,752692,061695,410573,627551,981519,042423,309341,762305,401
630 13,86141,72717,989810,14790,04485,64379,00077,62377,65993,544100,68095,934106,766116,467153,424171,292132,664147,530140,435208,424
631/4 ----03,171-------3,114--7,350---
635/8 --------------------32,920
640/8 12,70013,27812,37011,56311,14610,71011,46111,21510,39916,43910,7468,7836,9397,2267,7466,23014,8761,7663,0466,300
66A ---------------933----
9901 -291,40433,985419,852-366,910200,653165,362101,047-5,947-22,6451,26997,338159,97754,192238,873335,561272,276231,142192,180113,80314,786
75/76B 28,88835,71033,53239,52537,17931,40132,89036,33924,04630,20531,85429,11423,92427,19824,89221,85224,43229,89923,167142,945
75 28,88835,71033,53239,52537,17931,40132,89036,33924,04630,20531,85429,11423,92427,19824,89221,85224,43229,89923,167142,945
65/66B 8,9701,7756,07621,33019,58825,94431,96045,18341,45444,23248,71752,74077,85962,26867,22168,20669,75971,97176,54629,859
65 8,9701,7756,07621,33019,58825,94431,96045,18341,45444,23248,71752,74077,85962,26867,22168,20669,75971,97176,54629,859
9903 -271,48667,921447,309-348,715218,244170,819101,977-14,791-40,054-12,75880,475136,3522,323203,803293,232224,989188,980150,10860,837127,873
67/77 1,19724,95441,33562559,58149,21339,71613,70710,2313,13234,60651,01911,12548,459103,21963,71267,98658,92031,08320,274
9904 -272,68342,967405,973-349,340158,664121,60666,076-15,018-30,065-9,15052,60992,073-2,061162,507197,973170,120130,821102,10641,885121,483
789 -----07,74327,36841,05213,68413,68413,68413,68414,54516,16117,95619,95122,16824,63126,964
689 -------------75,000------
9905 -272,68342,967405,973-349,340158,664121,60673,82012,35010,9874,53466,293105,75711,623102,052214,134188,077150,773124,27466,517148,447
Appropriation of the result
9906 -272,68342,967405,973-349,340158,664121,60673,82012,35010,9874,53466,293105,75711,623102,052214,134188,077150,773124,27466,517148,447
791/2 -0200,000549,340--------18,377-------
691/2 -0205,97308,66421,60623,82012,35010,9874,5341,293105,757-102,05234,13448,07750,77349,27426,517118,447
6921 -0205,97308,66421,60623,82012,35010,9874,5341,293105,757-102,05234,13448,07750,77349,27426,517118,447
694/7 042,967400,000200,000150,000100,00050,000---65,000-30,000-180,000140,000100,00075,00040,00030,000
694 042,967400,000200,000150,000100,00050,000---65,000-30,000-180,000140,000100,00075,00040,00030,000
Social balance sheet
9087 15.414.8161615.414.914.3151515.915.815.314.9151211.911.710.19.38.3
Hours worked1013 22,88322,24122,28624,57723,53820,21720,78722,45020,99724,55924,84523,04221,76823,17719,10919,25318,63617,10615,02513,310
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 16-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 16-07-2026 2026-00300032 PDF
31-12-2024 abbreviated format 03-06-2025 2025-00114932 PDF
31-12-2023 abbreviated format 06-05-2024 2024-00082187 PDF
31-12-2022 abbreviated format 28-06-2023 2023-00167910 PDF
31-12-2021 abbreviated format 30-06-2022 2022-20110024 PDF
31-12-2020 abbreviated format 22-06-2021 2021-23000251 PDF
31-12-2019 abbreviated format 24-07-2020 2020-34700113 PDF
31-12-2018 abbreviated format 08-07-2019 2019-31200113 PDF
31-12-2017 abbreviated format 11-07-2018 2018-31700589 PDF
31-12-2016 abbreviated format 10-07-2017 2017-30400261 PDF
31-12-2015 abbreviated format 21-06-2016 2016-20500579 PDF
31-12-2014 abbreviated format 15-07-2015 2015-32800514 PDF
31-12-2013 abbreviated format 10-07-2014 2014-29600337 PDF
31-12-2012 abbreviated format 11-07-2013 2013-29100360 PDF
31-12-2011 abbreviated format 21-06-2012 2012-19700324 PDF
31-12-2010 abbreviated format 24-06-2011 2011-20600161 PDF
31-12-2009 abbreviated format 10-06-2010 2010-16900281 PDF
31-12-2008 abbreviated format 12-05-2009 2009-14500045 PDF
31-12-2007 abbreviated format 09-07-2008 2008-39100336 PDF
31-12-2006 abbreviated format 31-07-2007 2007-53600399 PDF
31-12-2005 abbreviated format 23-06-2006 2006-30702092 PDF
31-12-2004 abbreviated format 21-06-2005 2005-29701599 PDF
31-12-2003 abbreviated format 25-06-2004 2004-32201078 PDF
31-12-2002 abbreviated format 17-06-2003 2003-25100314 PDF
31-12-2001 abbreviated format 02-05-2002 2002-11203068 PDF
31-12-2000 abbreviated format 04-07-2001 2001-33501061 PDF
31-12-1999 abbreviated format 28-06-2000 2000-30500309 PDF
31-12-1998 abbreviated format 06-09-1999 1999-44500500 PDF
31-12-1997 abbreviated format 01-07-1998 1998-27401052 PDF
31-12-1996 abbreviated format 06-06-1997 1997-12703421 PDF
31-12-1995 abbreviated format 11-06-1996 1996-14705016 PDF
31-12-1994 abbreviated format 29-08-1995 1995-47104421 PDF
31-12-1993 abbreviated format 06-07-1994 1994-26802715 PDF
31-12-1992 abbreviated format 06-07-1993 1993-23200941 PDF
31-12-1991 abbreviated format 07-09-1992 1992-30802392 PDF

Subsidies and aid

Flemish government 2022, 1 entry, €1,800 awarded, €1,800 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€1,800

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
-277,54375,713437,842443,238290,697251,006180,04771,67655,01394,813198,017255,911160,958355,340488,985443,568363,805339,710254,238223,210
-258,82284,694423,963460,807248,707207,249145,07662,60547,59384,394153,288188,006104,704278,975351,397341,413263,485249,636182,321329,907
26,22255,35034,407-3,62021,91164,74011,4639,05350075,03825,3807,63618,35213,7287,049350,91245,29568,246151,7141.8m
10,008-248,848-1,53068,96573,105148,853-8,650100,57911,210-149,791-95,300119,955-72,350-320,459296,22236,389169,088-31,39620,244-
-68,961216,082229,705240,75297,364126,333157,393164,189206,373254,960324,776336,495246,405291,425122,48153,473141,79091,87924,90295,927
2.4%33.2%30.5%24.6%47.2%49.9%49.1%51.0%49.3%50.3%44.1%42.9%38.7%36.9%25.3%27.0%29.1%26.1%25.0%24.1%
0.881.371.351.281.121.211.301.461.622.091.811.861.671.691.151.101.411.221.061.24
0.580.891.010.940.760.890.941.001.121.421.461.501.341.421.010.851.090.990.791.10
40.742.012.283.071.121.001.040.961.010.941.221.271.511.632.842.572.282.662.802.91
-15.0%141.4%-124.3%19.1%14.8%8.3%-1.9%-3.8%-1.1%6.3%10.8%-0.3%20.5%31.5%27.9%22.5%18.6%8.0%23.3%
-45.3%5.0%43.1%-30.5%9.0%7.4%4.1%-1.0%-1.9%-0.6%2.8%4.6%-0.1%7.6%8.0%7.5%6.6%4.8%2.0%5.6%
-30.9442.6572.0620.7814.84---------------

A ratio outside any meaningful range has been withheld (balance sheet total €601,860, equity €14,419).

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date1515161816
full-time1414141515
part-time11231
in full-time equivalents14.814.715.216.415.4
15.414.8161615.4
On a permanent contract1515161816
Joined10030
Left11211
Training hours12----

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets€150,477----

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€26,222€16,098€34,407-€20,650
Intangible fixed assets----€1,261
Financial fixed assets€0€39,252---
€13,861€41,727€17,989€810,147€90,044

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ADR Construct

The operating result for 2025 is a loss of €291,404, after a profit of €33,985 in 2024. It is the lowest result since 2022.

Debt's share of the balance-sheet total rises from 66.8% to 97.6%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, last change in 2024
Machaman BV
Director (not named in the articles), permanent representative Christophe Knuysen
since 11-01-2024 term without a fixed end
listed in the 2025 annual accounts, filed on 16-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Two directors jointly
deed of 09-01-2024
Permanent representatives 1
Christophe Knuysen
Permanent representative, for Machaman BV
appointed by deed of 09-04-2024

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
Machaman BV
Director (not named in the articles)
SORIC
Director (not named in the articles)
VERMEEREN
Director (not named in the articles)
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
  • Machaman BV
    • Director (not named in the articles), since before 31-12-2023
  • SORIC
    • Director (not named in the articles), from before 09-01-2024 to 11-01-2024
    • Director, until 09-01-2024
    • Director (not named in the articles), from before 09-01-2024, no longer listed in the 2025 annual accounts
  • VERMEEREN
    • Director (not named in the articles), from before 09-01-2024 to 11-01-2024
    • Director, until 09-01-2024
    • Director (not named in the articles), from before 09-01-2024, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Parent
Machaman
Equity €262,861
Profit €63,412 in 2025 (profit €196,449 in 2024)
100%
This company
ADR Construct
Equity €14,419
Loss €272,683 in 2025

and 2 other shareholders

Capital

Contribution
€25,000
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
Machaman
100%
100%
SORIC
50%
50% until 2023
VERMEEREN
100%50%
50% until 2023
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 09-01-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 10:00

Shareholders

3 owners

Owners 3

Network & group

Group

Machaman has 1 direct subsidiary (accounts to 30-06-2025), the bar shows equity in euros
ParentMachaman1 holding, 1 country accounts to 30-06-2025

Belgium 1 Equity Result

  • BE ADR Construct €14,419 result -€272,683

Source: list of holdings in the 30-06-2025 accounts of Machaman. Every holding stands with its own latest accounts.

Connections & network

1 current director
Depth

The network starts from the directors of ADR Construct. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

44 events since 1991

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 15 days before the deadline
2025
Annual accounts 2024 filed PDFabbreviated format · 58 days before the deadline
2024
Annual accounts 2023 filed PDFabbreviated format · 86 days before the deadline
1 director appointed, 2 resignationsResignations: VERMEEREN BV (director) and SORIC BV (director) · Permanent representatives: Antonius Vermeeren, Kris Molkens, Christophe Knuysen and Kim Oeyen · Appointment: Machaman BV (director) · General meeting of 11-01-202410 points ▸
  • General meeting, 11-01-2024
  • Director resignation, VERMEEREN BV (director (not named in the articles))
  • Director discharge, VERMEEREN BV
  • Permanent representative, Antonius Vermeeren
  • Director resignation, SORIC BV (director (not named in the articles))
  • Director discharge, SORIC BV
  • Permanent representative, Kris Molkens
  • Director appointment, Machaman BV (director (not named in the articles))
  • Permanent representative, Christophe Knuysen
  • Permanent representative, Kim Oeyen
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Registered in the Peppol Directory Reachable for e-invoices through 0208:0443354138
Amendment of the articles · Legal-form change · Resignations & appointmentsResignations: SORIC (director) and VERMEEREN (director) · Reappointments: SORIC (director) and VERMEEREN (director) · Permanent representatives: MOLKENS Kris and VERMEEREN Antonius9 points ▸
  • Incorporation, 20-02-1991
  • Director resignation, SORIC
  • Director reappointment, SORIC (director (not named in the articles))
  • Permanent representative, MOLKENS Kris
  • Director resignation, VERMEEREN
  • Director reappointment, VERMEEREN (director (not named in the articles))
  • Permanent representative, VERMEEREN Antonius
  • Registered office clause, Herentalsebaan 451, 2160 Wommelgem
  • Power of attorney, Joost VERCOUTEREN
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

2023
Back to profit net €405,973 The net result is €405,973, after one loss-making year.
Annual accounts 2022 filed PDFabbreviated format · 33 days before the deadline
2022
Weakest financial year net -€349,340 The net result drops to -€349,340, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFabbreviated format · 31 days before the deadline
2021
Annual accounts 2020 filed PDFabbreviated format · 39 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 7 days before the deadline
2019
Back to profit net €66,076 The net result is €66,076, after 3 loss-making years.
Annual accounts 2018 filed PDFabbreviated format · 23 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 20 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 21 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 40 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 16 days before the deadline
2014
Back to profit net €92,073 The net result is €92,073, after one loss-making year.
Annual accounts 2013 filed PDFabbreviated format · 21 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 20 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 40 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 37 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 51 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 80 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 22 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · on the deadline day
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1991
First establishment ADR CONSTRUCT BVBA, Herentalsebaan 451, Wommelgem
Incorporation published on 12-03-1991

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

ADR Construct was incorporated on 20 February 1991.1 Total assets fell from €1.5m in 2018 to €601,860 in 2025 and headcount from 15 to 15.4 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0443.354.138
VAT number
BE 0443.354.138
Peppol ID
0208:0443354138
Other Peppol ID
9925:BE0443354138
Legal form
Private limited company
Status
Active, normal situation
Founded
20-02-1991
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 10:00
deed of 09-01-2024 (in Dutch)
Peppol
Reachable since 22-03-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ADR Construct in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 09-01-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 09-01-2024 (in Dutch)

Activities

NACEBEL 2025
VAT activities
43320 Joinery installation main activity
46831 Wholesale of construction materials, general range
Social security (RSZ) activities
25120 Manufacture of fabricated metal products, except machinery and equipment main activity
Joint committees annual accounts 2025
JC 209 White-collar workers in metal manufacturing
JC 111 Metal, mechanical and electrical engineering
Codes under NACEBEL 2008
VAT activities
43320 Joinery installation main activity
46731 Wholesale trade
Social security (RSZ) activities
25120 Manufacture of fabricated metal products, except machinery and equipment main activity
Codes under NACEBEL 2003
VAT activities
45421 main activity
51532
Social security (RSZ) activities
28120 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“De productie en plaatsing; De groot- en kleinhandel; De constructie van alle PVC metalen en aluminium schrijnwerk,onder meer van ramen en…”
5 activities
  1. De productie en plaatsing
  2. De groot- en kleinhandel
  3. De constructie van alle PVC metalen en aluminium schrijnwerk,onder meer van ramen en deuren,veranda’s en winkelinrichting
  4. De ondernemingen voor het plaatsen van ruiten,glas,spiegelglas,gekleurde ramen en het aanwenden van alle doorschijnende en doorzichtige materialen
  5. Het plaatsen van alle timmer- en schrijnwerk voor gebouwen
deed of 09-01-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
ADR CONSTRUCT BVBA registered office Herentalsebaan 451, 2160 Wommelgem 25120 Manufacture of fabricated metal products, except machinery and equipment 18-03-1991 2.051.981.847

Buildings and parcels at the address

Ground area
3,421 m²
Buildings
1,780 m²
Volume, LiDAR
13,676 m³
Tallest building
8.6 m
Buildings to scale, each on its own parcel
1,780 m², 8.6 m 1,780 m², 8.6 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
11052D0043/00G0023,421 m² 1 · 1,780 m² 8.6 m · 3

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0443.354.138

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