ADS Benovation
Open bankruptcyA bankruptcy procedure is open for ADS Benovation according to publications in the Belgian State Gazette; curator: KATHLEEN VELKENEERS.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€323k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
61 d late
2022
31 d late
2021
30 d late
2020
1 d early
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-323k▼ 122%
2023 · €-146k
2019: €26k
2020: €43k
2021: €68k
2022: €75k
2023: €-146k
2019 → 2024
Total assets
€7k▼ 96.8%
2023 · €219k
2019: €54k
2020: €242k
2021: €331k
2022: €277k
2023: €219k
2019 → 2024
Net result
€-178k▲ 19.6%
2023 · €-221k
2019: €7k
2020: €17k
2021: €25k
2022: €7k
2023: €-221k
2019 → 2024
Working capital
€-324k▼ 107%
2023 · €-156k
2019: €9k
2020: €14k
2021: €37k
2022: €58k
2023: €-156k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€43k-€68k▲ 58.5%€75k▲ 10.2%€-146k€-323k▼ 122%
Operating result€21k-€29k▲ 43.1%€10k▼ 67.4%€-221k€-177k▲ 19.6%
Net result€17k-€25k▲ 49.0%€7k▼ 72.5%€-221k€-178k▲ 19.6%
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 €177k in 2024 against €221k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7k
Fixed assets
€270▼ 98.1%
Current assets
€7k▼ 96.7%
Key figures and ratios
EBITDA
€-177k▲
2023 · €-214k
Cash flow
€-177k▲
2023 · €-214k
Current ratio
0.02▼
2023 · 0.57
Quick ratio
0.02▼
2023 · 0.21
Debt / equity
-1.02▲
2023 · -2.50
ROE
54.9%▼
2023 · 151.4%
Interest coverage
-345.56▲
2023 · -349.47
Debt
€330k▼
2023 · €364k
Debt ≤ 1 year
€330k▼
2023 · €361k
A ratio outside any meaningful range has been withheld (balance sheet total €7k, equity €-323k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€219k€7k▼
Fixed assets21/28€14k€270▼
Tangible fixed assets22/27€14k€270▼
Furniture and vehicles24€630€270▼
Leasing and similar rights25€14k-
Current assets29/58€204k€7k▼
Stocks and contracts in progress3€128k-
Stocks30/36€48k-
Contracts in progress37€80k-
Amounts receivable within one year40/41€32k€1k▼
Trade receivables40€1k€1k=
Other amounts receivable41€31k€162▼
Cash at bank and in hand54/58€45k€6k▼
Equity and liabilities
Total equity and liabilities10/49€219k€7k▼
Equity10/15€-146k€-323k▼
Contributions10/11€19k€19k=
Reserves13€374€374=
Non-distributable reserves130/1€374€374=
Reserves not available under the articles1311€374€374=
Profit (loss) carried forward14€-165k€-342k▼
Amounts payable17/49€364k€330k▼
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€361k€330k▼
Current portion of amounts payable after more than one year42€4k-
Trade debts44€92k€29k▼
Suppliers440/4€92k€29k▼
Taxes, remuneration and social security45€239k€285k▲
Taxes450/3€239k€285k▲
Other amounts payable47/48€26k€17k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€360▼
Other operating charges640/8€6k€11k▲
Gross operating margin9900€-208k€-166k▲
Operating profit (loss)9901€-221k€-177k▲
Financial income75/76B€603€418▼
Recurring financial income75€603€418▼
Financial charges65/66B€612€512▼
Recurring financial charges65€612€512▼
Profit (loss) for the period before taxes9903€-221k€-178k▲
Profit (loss) for the period9904€-221k€-178k▲
Profit (loss) for the period to be appropriated9905€-221k€-178k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-165k€-342k▼
Profit (loss) brought forward from the previous period14P€56k€-165k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
01-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · ADS BENOVATION BV DIES- TERSTEENWEG 315B, 3680 MAASEIK · event 26-08-2026
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-221k ▼3295%
Net result drops to €-221k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2019net €25k ▲49%
Operating result €29k, net result €25k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Maaseik · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Diestersteenweg 315b3680 MaaseikGround area
1,308 m²
Building footprint
734 m²
Volume, LiDAR
4,507 m³
Parcel 72021A1830/00H000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADS Benovation
since 20192.285.820.440
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021A1830/00H000 | Flanders | 1,308 m² | 1 · 734 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KATHLEEN VELKENEERS KASTEELSTRAAT 23B,
3840 TONGEREN-BORGLOON |
26-08-2026 → present |
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Of 15,543 companies in sector 43990 we hold annual accounts for 7,421. 6,242 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-2019
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@ads-woodart.be