ADS Projects
ActiveSummary
ADS Projects has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€35,444) and a net result of -€37,255. Equity is shrinking by ~997.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-61
Solvency17▼-8
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.92 against 1.93 in 2024; short-term debt: 108% and cash: 2.5% of total assets), and equity is negative.
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Signals
Five 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025Solvency, return and age of the figures
Solvency
-8%
Return on assets
-8.4%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€35,444
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 3 filingsDeviation from the deadline
2025
2 d late
2024
27 d late
2023
2 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€35,444
2024 · €1,810
Total assets
€443,497▼ 22.3%
2024 · €571,137
Net result
-€37,255
2024 · €1,139
Working capital
-€40,362
2024 · €271,630
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
Line202320242025
Operating result-€1,817-€903-€37,339
Net result-€1,828-€1,139-€37,255
Equity€672-€1,810▲ 170%-€35,444
Total assets€245,317-€571,137▲ 133%€443,497▼ 22.3%
Debt€244,646-€569,326▲ 133%€478,941▼ 15.9%
Working capital-€4,945-€271,630-€40,362
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €37,339 after €903 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €443,497
Fixed assets
€4,917 ▼ 18.5%
Current assets
€438,579 ▼ 22.4%
Key figures and ratios
EBITDA
-€35,402▼
2024 · €2,725
Cash flow
-€35,318▼
2024 · €2,960
Solvency
-8.0%▼
2024 · 0.3%
Current ratio
0.92▼
2024 · 1.93
Quick ratio
0.04▼
2024 · 1.84
Debt to equity
-13.51
ROA
-8.4%▼
2024 · 0.2%
Interest coverage
-30.12▼
2024 · 27.70
Debt ≤ 1 year
€478,941▲
2024 · €293,476
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €29,687 | €49,475 | ▲ 66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €836 | €1,822 | €1,937 | ▲ 6.3% |
| Other operating charges640/8 | €13,109 | €29,204 | €44,733 | ▲ 53.2% |
| Non-recurring operating charges66A | - | - | €20,165 | - |
| Gross operating margin9900 | €12,127 | €31,929 | €29,496 | ▼ 7.6% |
| Operating profit (loss)9901 | -€1,817 | €903 | -€37,339 | ▼ 4,234% |
| Financial income75/76B | - | €446 | €1,260 | ▲ 182% |
| Recurring financial income75 | - | €446 | €1,260 | ▲ 182% |
| Financial charges65/66B | €11 | €98 | €1,176 | ▲ 1,095% |
| Recurring financial charges65 | €11 | €98 | €1,176 | ▲ 1,095% |
| Profit (loss) for the period before taxes9903 | -€1,828 | €1,251 | -€37,255 | ▼ 3,077% |
| Income taxes67/77 | - | €113 | - | - |
| Profit (loss) for the period9904 | -€1,828 | €1,139 | -€37,255 | ▼ 3,372% |
| Profit (loss) for the period to be appropriated9905 | -€1,828 | €1,139 | -€37,255 | ▼ 3,372% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €245,317 | €571,137 | €443,497 | ▼ 22.3% |
| Fixed assets21/28 | €6,899 | €6,031 | €4,917 | ▼ 18.5% |
| Tangible fixed assets22/27 | €6,899 | €6,031 | €4,917 | ▼ 18.5% |
| Plant, machinery and equipment23 | €1,079 | €1,341 | €997 | ▼ 25.7% |
| Furniture and vehicles24 | €5,820 | €4,690 | €3,921 | ▼ 16.4% |
| Current assets29/58 | €238,418 | €565,106 | €438,579 | ▼ 22.4% |
| Stocks and contracts in progress3 | - | €25,124 | €421,750 | ▲ 1,579% |
| Stocks30/36 | - | €25,124 | €421,750 | ▲ 1,579% |
| Amounts receivable within one year40/41 | €4,478 | €282,559 | €5,855 | ▼ 97.9% |
| Trade receivables40 | €1,551 | €276,986 | - | - |
| Other amounts receivable41 | €2,927 | €5,573 | €5,855 | ▲ 5.1% |
| Cash at bank and in hand54/58 | €222,132 | €257,423 | €10,975 | ▼ 95.7% |
| Deferred charges and accrued income490/1 | €11,809 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €245,317 | €571,137 | €443,497 | ▼ 22.3% |
| Equity10/15 | €672 | €1,810 | -€35,444 | ▼ 2,058% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€1,828 | -€690 | -€37,944 | ▼ 5,402% |
| Amounts payable17/49 | €244,646 | €569,326 | €478,941 | ▼ 15.9% |
| Amounts payable within one year42/48 | €243,364 | €293,476 | €478,941 | ▲ 63.2% |
| Trade debts44 | - | - | €551 | - |
| Suppliers440/4 | - | - | €551 | - |
| Taxes, remuneration and social security45 | €3,334 | €3,446 | €3,334 | ▼ 3.3% |
| Taxes450/3 | €3,334 | €3,446 | €3,334 | ▼ 3.3% |
| Other amounts payable47/48 | €240,030 | €290,030 | €475,057 | ▲ 63.8% |
| Accrued charges and deferred income492/3 | €1,282 | €275,850 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,828 | €1,139 | -€37,255 | ▼ 3,372% |
| + Depreciation and write-downs630 | €836 | €1,822 | €1,937 | ▲ 6.3% |
| Operating cash flow (approximation) | -€993 | €2,960 | -€35,318 | ▼ 1,293% |
| Investment in fixed assets (approximation) | - | -€954 | -€823 | ▲ 13.7% |
| Change in cash | - | €35,292 | -€246,449 | ▼ 798% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Weakest financial yearnet -€37,255
Net result drops to -€37,255, the lowest in the series.
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-06
Financial
Back to profitnet €1,139
Net result €1,139 after one loss-making year.
02-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Rotselaar · 1 establishment unit since 2022
Ground area
563 m²
Building footprint
138 m²
Volume, LiDAR
786 m³
Parcel 24094B0670/00D000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADS Projects
since 20222.333.881.663
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24094B0670/00D000 | Flanders | 563 m² | 1 · 138 m² | 9.0 m · 2 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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 1,206 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
Founded24-06-2022
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.