ADRIF CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ADRIF CONSTRUCT is 3.5% (moderate). The 2025 annual accounts show equity of €25k and a net result of €5k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 19% of 27965 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+3
Solvency41▲+7
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.98 in 2024; short-term debt: 33.5% and cash: 7.2% of total assets), and 83.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.1%
Return on assets
3.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
20 d late
2023
on the day
2022
1 d late
2021
22 d late
2020
18 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k
2024 · €-3k
2020: €16k
2021: €13k▼ -18.2% vs 2020
2022: €5k▼ -60.6% vs 2021
2023: €78k▲ +1376% vs 2022highest in 6 years
2024: €-3k▼ -104% vs 2023lowest in 6 years
2025: €5k▲ +255% vs 2024
2020 → 2025
Working capital
€-23k▼ 733%
2024 · €-3k
2020: €8k
2021: €17k▲ +122% vs 2020
2022: €22k▲ +28.1% vs 2021highest in 6 years
2023: €413▼ -98.1% vs 2022
2024: €-3k▼ -776% vs 2023
2025: €-23k▼ -733% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€35k-€40k▲ 15.2%€23k▼ 41.5%€20k▼ 13.9%€25k▲ 25.0%
2021: €35k
2022: €40k▲ +15.2% vs 2021highest in 5 years
2023: €23k▼ -41.5% vs 2022
2024: €20k▼ -13.9% vs 2023lowest in 5 years
2025: €25k▲ +25.0% vs 2024
Operating result€17k-€9k▼ 46.8%€101k▲ 999%€-2k€14k
2021: €17k
2022: €9k▼ -46.8% vs 2021
2023: €101k▲ +999% vs 2022highest in 5 years
2024: €-2k▼ -102% vs 2023lowest in 5 years
2025: €14k▲ +951% vs 2024
Net result€13k-€5k▼ 60.6%€78k▲ 1,376%€-3k€5k
2021: €13k
2022: €5k▼ -60.6% vs 2021
2023: €78k▲ +1376% vs 2022highest in 5 years
2024: €-3k▼ -104% vs 2023lowest in 5 years
2025: €5k▲ +255% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156k
Fixed assets
€127k ▲ 23.8%
Current assets
€29k ▼ 74.8%
Equity and liabilities €156k
Equity
€25k ▲ 25.0%
Debt
€131k ▼ 33.9%
Debt's share of the balance-sheet total falls from 90.8% to 83.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▲
2024 · €7k
Cash flow
€14k▲
2024 · €5k
Current ratio
0.56▼
2024 · 0.98
Debt to equity
5.21▼
2024 · 9.85
ROE
20.0%▲
2024 · -16.2%
ROA
3.2%▲
2024 · -1.5%
Interest coverage
3.98▼
2024 · 4.31
Debt ≤ 1 year
€52k▼
2024 · €119k
Debt > 1 year
€79k▼
2024 · €80k
Income taxes
€3k▲
2024 · €150
Staff costs
€181▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€219k€156k▼
Fixed assets21/28€103k€127k▲
Intangible fixed assets21€15k€15k▼
Tangible fixed assets22/27€87k€112k▲
Land and buildings22€87k€112k▲
Current assets29/58€116k€29k▼
Amounts receivable within one year40/41€90k€18k▼
Trade receivables40€78k€15k▼
Other amounts receivable41€12k€3k▼
Cash at bank and in hand54/58€26k€11k▼
Equity and liabilities
Total equity and liabilities10/49€219k€156k▼
Equity10/15€20k€25k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€15k€20k▲
Amounts payable17/49€198k€131k▼
Amounts payable after more than one year17€80k€79k▼
Financial debts170/4€80k€79k▼
Amounts payable within one year42/48€119k€52k▼
Current portion of amounts payable after more than one year42€8k€5k▼
Trade debts44€49k€7k▼
Suppliers440/4€49k€7k▼
Taxes, remuneration and social security45€30k€10k▼
Taxes450/3€30k€4k▼
Remuneration and social security454/9€520€6k▲
Other amounts payable47/48€31k€31k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1k€181▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€9k€26k▲
Operating profit (loss)9901€-2k€14k▲
Financial income75/76B€74€1▼
Recurring financial income75€74€1▼
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€-3k€8k▲
Income taxes67/77€150€3k▲
Profit (loss) for the period9904€-3k€5k▲
Profit (loss) for the period to be appropriated9905€-3k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€20k▲
Profit (loss) brought forward from the previous period14P€18k€15k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €679 | €1k | €181 | ▼ 85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €8k | €4k | €8k | €9k | ▲ 2.7% |
| Other operating charges640/8 | €348 | €606 | €1k | €1k | €4k | ▲ 176% |
| Non-recurring operating charges66A | - | €408 | €0 | - | - | - |
| Gross operating margin9900 | €27k | €18k | €107k | €9k | €26k | ▲ 181% |
| Operating profit (loss)9901 | €17k | €9k | €101k | €-2k | €14k | ▲ 951% |
| Financial income75/76B | €1 | - | €200 | €74 | €1 | ▼ 99.0% |
| Recurring financial income75 | €1 | - | €200 | €74 | €1 | ▼ 99.0% |
| Financial charges65/66B | €228 | €3k | €2k | €2k | €6k | ▲ 260% |
| Recurring financial charges65 | €228 | €3k | €2k | €2k | €6k | ▲ 260% |
| Profit (loss) for the period before taxes9903 | €17k | €6k | €100k | €-3k | €8k | ▲ 363% |
| Income taxes67/77 | €4k | €1k | €22k | €150 | €3k | ▲ 1,995% |
| Profit (loss) for the period9904 | €13k | €5k | €78k | €-3k | €5k | ▲ 255% |
| Profit (loss) for the period to be appropriated9905 | €13k | €5k | €78k | €-3k | €5k | ▲ 255% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96k | €115k | €200k | €219k | €156k | ▼ 28.5% |
| Fixed assets21/28 | €35k | €27k | €23k | €103k | €127k | ▲ 23.8% |
| Intangible fixed assets21 | €31k | €27k | €23k | €15k | €15k | ▼ 2.2% |
| Tangible fixed assets22/27 | €4k | - | - | €87k | €112k | ▲ 28.4% |
| Land and buildings22 | - | - | - | €87k | €112k | ▲ 28.4% |
| Furniture and vehicles24 | €4k | - | - | - | - | - |
| Current assets29/58 | €61k | €88k | €177k | €116k | €29k | ▼ 74.8% |
| Amounts receivable within one year40/41 | €45k | €53k | €74k | €90k | €18k | ▼ 80.1% |
| Trade receivables40 | €43k | €43k | €59k | €78k | €15k | ▼ 81.2% |
| Other amounts receivable41 | €3k | €10k | €15k | €12k | €3k | ▼ 73.0% |
| Cash at bank and in hand54/58 | €16k | €34k | €102k | €26k | €11k | ▼ 56.4% |
| Deferred charges and accrued income490/1 | - | €1k | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96k | €115k | €200k | €219k | €156k | ▼ 28.5% |
| Equity10/15 | €35k | €40k | €23k | €20k | €25k | ▲ 25.0% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Capital10 | €5k | - | - | - | - | - |
| Issued capital100 | €5k | - | - | - | - | - |
| Profit (loss) carried forward14 | €30k | €35k | €18k | €15k | €20k | ▲ 33.2% |
| Amounts payable17/49 | €61k | €75k | €176k | €198k | €131k | ▼ 33.9% |
| Amounts payable after more than one year17 | €17k | €9k | €0 | €80k | €79k | ▼ 1.3% |
| Financial debts170/4 | €17k | €9k | €0 | €80k | €79k | ▼ 1.3% |
| Amounts payable within one year42/48 | €45k | €67k | €176k | €119k | €52k | ▼ 55.9% |
| Current portion of amounts payable after more than one year42 | €12k | €8k | €9k | €8k | €5k | ▼ 42.9% |
| Trade debts44 | €23k | €47k | €55k | €49k | €7k | ▼ 86.0% |
| Suppliers440/4 | €23k | €47k | €55k | €49k | €7k | ▼ 86.0% |
| Taxes, remuneration and social security45 | €8k | €10k | €57k | €30k | €10k | ▼ 67.8% |
| Taxes450/3 | €8k | €10k | €57k | €30k | €4k | ▼ 87.9% |
| Remuneration and social security454/9 | - | - | - | €520 | €6k | ▲ 1,080% |
| Other amounts payable47/48 | €2k | €2k | €56k | €31k | €31k | ▲ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €5k | €78k | €-3k | €5k | ▲ 255% |
| + Depreciation and write-downs630 | €9k | €8k | €4k | €8k | €9k | ▲ 2.7% |
| Operating cash flow (approximation) | €22k | €13k | €82k | €5k | €14k | ▲ 167% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-88k | €-33k | ▲ 62.5% |
| Change in cash | - | €18k | €68k | €-76k | €-15k | ▲ 80.9% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €78k ▲1,376%
Operating result €101k, net result €78k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Vorst
Ground area
88 m²
Building footprint
89 m²
Volume, LiDAR
1,139 m³
Parcel 21007A0029/00T006, Brussels · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0029/00T006 | Brussels | 88 m² | 1 · 88 m² | 16.3 m · 5 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.
Similar companies · same sector, comparable size
Studio Monolith
BE 0800.367.586
Merksplas · Eq €25,116
SJ Concept
BE 0676.647.056
Boutersem · Eq €25,114
C.K.P.
BE 0478.621.655
Herentals · Eq €25,097
VERMEIRE ROBBIE
BE 0433.793.601
Puurs-Sint-Amands · Eq €25,268
CREPI STONE CONSTRUCT
BE 0794.774.448
Liège · Eq €25,270
Of 4,014 companies in sector 43310 we hold annual accounts for 1,746. 1,414 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
Founded31-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43110Demolition
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.