ADT
ActiveSummary
The computed 12-month bankruptcy probability of ADT is 2.3% (moderate). The 2025 annual accounts show equity of €145,417 and a net result of €50,585. Equity is growing by ~66.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 28184 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-1
Solvency63▲+11
Growth78=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 0.63 in 2024; short-term debt: 27.5% and cash: 37.3% of total assets), but 61.9% of the assets are financed with debt.
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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
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
38.1%
Return on assets
13.2%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
22 d early
2024
31 d early
2023
28 d late
2022
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 16 days before 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 (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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€145,417▲ 53.3%
2024 · €94,832
Total assets
€381,785▲ 8.5%
2024 · €351,947
Net result
€50,585▲ 3.2%
2024 · €49,002
Working capital
€79,436
2024 · -€96,243
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
Line2022202320242025
Operating result€28,658-€16,163▼ 43.6%€57,652▲ 257%€68,653▲ 19.1%
Net result€22,907-€12,923▼ 43.6%€49,002▲ 279%€50,585▲ 3.2%
Equity€32,907-€45,830▲ 39.3%€94,832▲ 107%€145,417▲ 53.3%
Total assets€49,717-€61,780▲ 24.3%€351,947▲ 470%€381,785▲ 8.5%
Debt€16,810-€15,950▼ 5.1%€257,115▲ 1,512%€236,368▼ 8.1%
Working capital€32,907-€45,830▲ 39.3%-€96,243€79,436
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €381,785
Fixed assets
€197,363 ▲ 3.3%
Current assets
€184,422 ▲ 14.6%
Equity and liabilities €381,785
Equity
€145,417 ▲ 53.3%
Debt
€236,368 ▼ 8.1%
Debt's share of the balance-sheet total falls from 73.1% to 61.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88,365▲
2024 · €58,357
Cash flow
€70,297▲
2024 · €49,707
Current ratio
1.76▲
2024 · 0.63
Debt to equity
1.63▼
2024 · 2.71
ROE
34.8%▼
2024 · 51.7%
ROA
13.2%▼
2024 · 13.9%
Interest coverage
17.92▼
2024 · 2085.68
Debt ≤ 1 year
€104,986▼
2024 · €257,115
Debt > 1 year
€131,382
Income taxes
€13,137▲
2024 · €8,622
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 39,275 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €706 | €19,712 | ▲ 2,694% |
| Other operating charges640/8 | - | €474 | €934 | €148 | ▼ 84.2% |
| Gross operating margin9900 | €28,658 | €16,636 | €59,291 | €88,512 | ▲ 49.3% |
| Operating profit (loss)9901 | €28,658 | €16,163 | €57,652 | €68,653 | ▲ 19.1% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | €0 | - |
| Financial charges65/66B | €25 | €0 | €28 | €4,931 | ▲ 17,523% |
| Recurring financial charges65 | €25 | €0 | €28 | €4,931 | ▲ 17,523% |
| Profit (loss) for the period before taxes9903 | €28,633 | €16,163 | €57,624 | €63,722 | ▲ 10.6% |
| Income taxes67/77 | €5,727 | €3,240 | €8,622 | €13,137 | ▲ 52.4% |
| Profit (loss) for the period9904 | €22,907 | €12,923 | €49,002 | €50,585 | ▲ 3.2% |
| Profit (loss) for the period to be appropriated9905 | €22,907 | €12,923 | €49,002 | €50,585 | ▲ 3.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €49,717 | €61,780 | €351,947 | €381,785 | ▲ 8.5% |
| Fixed assets21/28 | - | - | €191,075 | €197,363 | ▲ 3.3% |
| Tangible fixed assets22/27 | - | - | €191,075 | €197,363 | ▲ 3.3% |
| Plant, machinery and equipment23 | - | - | €191,075 | €197,363 | ▲ 3.3% |
| Current assets29/58 | €49,717 | €61,780 | €160,872 | €184,422 | ▲ 14.6% |
| Amounts receivable within one year40/41 | €20,092 | €12,234 | €47,854 | €42,102 | ▼ 12.0% |
| Trade receivables40 | €19,094 | €12,030 | €5,024 | €25,739 | ▲ 412% |
| Other amounts receivable41 | €998 | €205 | €42,830 | €16,363 | ▼ 61.8% |
| Cash at bank and in hand54/58 | €29,625 | €49,546 | €113,018 | €142,320 | ▲ 25.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €49,717 | €61,780 | €351,947 | €381,785 | ▲ 8.5% |
| Equity10/15 | €32,907 | €45,830 | €94,832 | €145,417 | ▲ 53.3% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €22,907 | €35,830 | €84,832 | €135,417 | ▲ 59.6% |
| Amounts payable17/49 | €16,810 | €15,950 | €257,115 | €236,368 | ▼ 8.1% |
| Amounts payable after more than one year17 | - | - | - | €131,382 | - |
| Financial debts170/4 | - | - | - | €131,382 | - |
| Amounts payable within one year42/48 | €16,810 | €15,950 | €257,115 | €104,986 | ▼ 59.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €26,276 | - |
| Trade debts44 | €10,806 | €1,636 | €242,946 | €56,951 | ▼ 76.6% |
| Suppliers440/4 | €10,806 | €1,636 | €242,946 | €56,951 | ▼ 76.6% |
| Taxes, remuneration and social security45 | €6,004 | €8,966 | €11,862 | €16,759 | ▲ 41.3% |
| Taxes450/3 | €6,004 | €8,966 | €11,862 | €16,759 | ▲ 41.3% |
| Other amounts payable47/48 | - | €5,348 | €2,307 | €5,000 | ▲ 117% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,907 | €12,923 | €49,002 | €50,585 | ▲ 3.2% |
| + Depreciation and write-downs630 | - | - | €706 | €19,712 | ▲ 2,694% |
| Operating cash flow (approximation) | €22,907 | €12,923 | €49,707 | €70,297 | ▲ 41.4% |
| Investment in fixed assets (approximation) | - | - | - | -€26,000 | - |
| Change in cash | - | €19,921 | €63,472 | €29,301 | ▼ 53.8% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €50,585 ▲3.2%
Operating result €68,653, net result €50,585, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.76
Current ratio from 0.63 to 1.76; short-term debt falls from €257,115 to €104,986.
31-12
Financial
Equity above €100,000Eq €145,417 ▲53.3%
4 profitable years in a row build equity to €145,417.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €12,923 ▼43.6%
Net result drops to €12,923, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Beloeil · 1 establishment unit since 2022
Ground area
172 m²
Building footprint
172 m²
Volume, LiDAR
1,085 m³
Parcel 51532A0052/00N000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AD PISCINES
since 20222.328.004.849
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51532A0052/00N000 | Wallonia | 172 m² | 1 · 172 m² | 8.0 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.
Similar companies · same sector, comparable size
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ELSTRO
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H.C. RENOV
BE 0807.055.539
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Lambrechts Sam
BE 0807.849.256
Hulshout · Eq €145,259
Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 6,081 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
Founded28-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0781331535
Also
9925:BE0781331535
Registered
07-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.