ADT CONSTRUCT
ActiveSummary
ADT CONSTRUCT has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €363k and a net result of €20k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 46% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39=
Solvency59▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.32 in 2024; short-term debt: 63.6% and cash: 0.6% of total assets), and 65.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
34.4%
Return on assets
1.9%
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
8 d early
2023
76 d early
2022
11 d early
2021
6 d early
2020
32 d early
2019
43 d early
← 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, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20k▲ 83.5%
2024 · €11k
2018: €12k
2019: €16k▲ +34.9% vs 2018
2020: €8k▼ -49.6% vs 2019lowest in 8 years
2021: €35k▲ +350% vs 2020
2022: €41k▲ +15.3% vs 2021highest in 8 years
2023: €13k▼ -68.1% vs 2022
2024: €11k▼ -18.4% vs 2023
2025: €20k▲ +83.5% vs 2024
2018 → 2025
Working capital
€235k▲ 6.0%
2024 · €222k
2018: €210k
2019: €165k▼ -21.3% vs 2018
2020: €125k▼ -24.5% vs 2019lowest in 8 years
2021: €160k▲ +28.5% vs 2020
2022: €194k▲ +21.4% vs 2021
2023: €218k▲ +12.0% vs 2022
2024: €222k▲ +1.9% vs 2023
2025: €235k▲ +6.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€279k-€319k▲ 14.6%€332k▲ 4.1%€343k▲ 3.2%€363k▲ 5.7%
2021: €279klowest in 5 years
2022: €319k▲ +14.6% vs 2021
2023: €332k▲ +4.1% vs 2022
2024: €343k▲ +3.2% vs 2023
2025: €363k▲ +5.7% vs 2024highest in 5 years
Operating result€90k-€93k▲ 3.5%€72k▼ 23.2%€66k▼ 7.8%€90k▲ 36.0%
2021: €90k
2022: €93k▲ +3.5% vs 2021highest in 5 years
2023: €72k▼ -23.2% vs 2022
2024: €66k▼ -7.8% vs 2023lowest in 5 years
2025: €90k▲ +36.0% vs 2024
Net result€35k-€41k▲ 15.3%€13k▼ 68.1%€11k▼ 18.4%€20k▲ 83.5%
2021: €35k
2022: €41k▲ +15.3% vs 2021highest in 5 years
2023: €13k▼ -68.1% vs 2022
2024: €11k▼ -18.4% vs 2023lowest in 5 years
2025: €20k▲ +83.5% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 36% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€149k ▼ 3.8%
Current assets
€906k ▼ 2.0%
Equity and liabilities €1.05M
Equity
€363k ▲ 5.7%
Debt
€692k ▼ 6.0%
Debt's share of the balance-sheet total falls from 68.2% to 65.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€120k▲
2024 · €98k
Cash flow
€50k▲
2024 · €42k
Current ratio
1.35▲
2024 · 1.32
Quick ratio
1.29▲
2024 · 1.24
Debt to equity
1.91▼
2024 · 2.15
ROE
5.4%▲
2024 · 3.1%
ROA
1.9%▲
2024 · 1.0%
Interest coverage
2.16▼
2024 · 2.29
Debt ≤ 1 year
€671k▼
2024 · €703k
Debt > 1 year
€21k▼
2024 · €33k
Income taxes
€14k▲
2024 · €13k
Staff costs
€233k▲
2024 · €223k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€1.05M▼
Fixed assets21/28€154k€149k▼
Tangible fixed assets22/27€91k€68k▼
Furniture and vehicles24€91k€68k▼
Financial fixed assets28€64k€80k▲
Current assets29/58€925k€906k▼
Stocks and contracts in progress3€50k€40k▼
Stocks30/36€50k€40k▼
Amounts receivable within one year40/41€210k€334k▲
Trade receivables40€156k€265k▲
Other amounts receivable41€54k€69k▲
Cash at bank and in hand54/58€6k€6k▼
Deferred charges and accrued income490/1€658k€526k▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.05M▼
Equity10/15€343k€363k▲
Contributions10/11€19k€19k=
Reserves13€52k€52k=
Distributable reserves133€52k€52k=
Profit (loss) carried forward14€273k€292k▲
Amounts payable17/49€736k€692k▼
Amounts payable after more than one year17€33k€21k▼
Financial debts170/4€33k€21k▼
Amounts payable within one year42/48€703k€671k▼
Current portion of amounts payable after more than one year42€11k€12k▲
Financial debts43€160k€160k▼
Credit institutions430/8€160k€160k▼
Trade debts44€352k€346k▼
Suppliers440/4€352k€346k▼
Advances received on contracts in progress46€114k€37k▼
Taxes, remuneration and social security45€60k€93k▲
Taxes450/3€13k€48k▲
Remuneration and social security454/9€47k€45k▼
Other amounts payable47/48€6k€23k▲
Income statement
Code20242025
Remuneration, social security and pensions62€223k€233k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€31k▼
Other operating charges640/8€8k€27k▲
Gross operating margin9900€329k€380k▲
Operating profit (loss)9901€66k€90k▲
Financial income75/76B€648€0▼
Recurring financial income75€648€0▼
Financial charges65/66B€43k€56k▲
Recurring financial charges65€43k€56k▲
Profit (loss) for the period before taxes9903€24k€34k▲
Income taxes67/77€13k€14k▲
Profit (loss) for the period9904€11k€20k▲
Profit (loss) for the period to be appropriated9905€11k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€273k€292k▲
Profit (loss) brought forward from the previous period14P€262k€273k▲
Social balance
Average headcount (FTE)908710.09.2▼
The notes to these accounts (17 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 | €121k | €162k | €224k | €223k | €233k | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €32k | €32k | €32k | €31k | ▼ 3.3% |
| Other operating charges640/8 | €733 | €6k | €12k | €8k | €27k | ▲ 225% |
| Gross operating margin9900 | €244k | €294k | €340k | €329k | €380k | ▲ 15.6% |
| Operating profit (loss)9901 | €90k | €93k | €72k | €66k | €90k | ▲ 36.0% |
| Financial income75/76B | €85 | €56 | €0 | €648 | €0 | ▼ 100% |
| Recurring financial income75 | €85 | €56 | €0 | €648 | €0 | ▼ 100% |
| Financial charges65/66B | €36k | €32k | €48k | €43k | €56k | ▲ 30.7% |
| Recurring financial charges65 | €36k | €32k | €48k | €43k | €56k | ▲ 30.7% |
| Profit (loss) for the period before taxes9903 | €54k | €61k | €24k | €24k | €34k | ▲ 41.8% |
| Income taxes67/77 | €18k | €20k | €11k | €13k | €14k | ▲ 8.3% |
| Profit (loss) for the period9904 | €35k | €41k | €13k | €11k | €20k | ▲ 83.5% |
| Profit (loss) for the period to be appropriated9905 | €35k | €41k | €13k | €11k | €20k | ▲ 83.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €779k | €839k | €1.03M | €1.08M | €1.05M | ▼ 2.3% |
| Fixed assets21/28 | €130k | €125k | €115k | €154k | €149k | ▼ 3.8% |
| Tangible fixed assets22/27 | €77k | €61k | €51k | €91k | €68k | ▼ 24.7% |
| Plant, machinery and equipment23 | €450 | €0 | - | - | - | - |
| Furniture and vehicles24 | €77k | €61k | €51k | €91k | €68k | ▼ 24.7% |
| Financial fixed assets28 | €52k | €64k | €64k | €64k | €80k | ▲ 25.8% |
| Current assets29/58 | €649k | €714k | €914k | €925k | €906k | ▼ 2.0% |
| Amounts receivable after more than one year29 | €33k | €160k | €0 | - | - | - |
| Other amounts receivable291 | €33k | €160k | €0 | - | - | - |
| Stocks and contracts in progress3 | €46k | €15k | €15k | €50k | €40k | ▼ 20.0% |
| Stocks30/36 | €46k | €15k | €15k | €50k | €40k | ▼ 20.0% |
| Amounts receivable within one year40/41 | €517k | €523k | €588k | €210k | €334k | ▲ 58.9% |
| Trade receivables40 | €511k | €460k | €565k | €156k | €265k | ▲ 70.1% |
| Other amounts receivable41 | €7k | €63k | €23k | €54k | €69k | ▲ 26.9% |
| Cash at bank and in hand54/58 | €39k | €4k | €142k | €6k | €6k | ▼ 5.7% |
| Deferred charges and accrued income490/1 | €14k | €12k | €169k | €658k | €526k | ▼ 20.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €779k | €839k | €1.03M | €1.08M | €1.05M | ▼ 2.3% |
| Equity10/15 | €279k | €319k | €332k | €343k | €363k | ▲ 5.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €22k | €52k | €52k | €52k | €52k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €20k | €50k | €52k | €52k | €52k | = |
| Profit (loss) carried forward14 | €238k | €249k | €262k | €273k | €292k | ▲ 7.2% |
| Amounts payable17/49 | €500k | €520k | €696k | €736k | €692k | ▼ 6.0% |
| Amounts payable after more than one year17 | €11k | €0 | - | €33k | €21k | ▼ 36.4% |
| Financial debts170/4 | €11k | €0 | - | €33k | €21k | ▼ 36.4% |
| Amounts payable within one year42/48 | €489k | €520k | €696k | €703k | €671k | ▼ 4.6% |
| Current portion of amounts payable after more than one year42 | €16k | €11k | €0 | €11k | €12k | ▲ 8.0% |
| Financial debts43 | €168k | €159k | €157k | €160k | €160k | ▼ 0.2% |
| Credit institutions430/8 | €168k | €159k | €157k | €160k | €160k | ▼ 0.2% |
| Trade debts44 | €247k | €301k | €238k | €352k | €346k | ▼ 1.8% |
| Suppliers440/4 | €247k | €301k | €238k | €352k | €346k | ▼ 1.8% |
| Advances received on contracts in progress46 | - | - | €265k | €114k | €37k | ▼ 67.3% |
| Taxes, remuneration and social security45 | €56k | €48k | €36k | €60k | €93k | ▲ 54.5% |
| Taxes450/3 | €18k | €20k | €11k | €13k | €48k | ▲ 259% |
| Remuneration and social security454/9 | €37k | €28k | €25k | €47k | €45k | ▼ 3.6% |
| Other amounts payable47/48 | €2k | €0 | - | €6k | €23k | ▲ 308% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €41k | €13k | €11k | €20k | ▲ 83.5% |
| + Depreciation and write-downs630 | €31k | €32k | €32k | €32k | €31k | ▼ 3.3% |
| Operating cash flow (approximation) | €67k | €73k | €45k | €42k | €50k | ▲ 18.5% |
| Investment in fixed assets (approximation) | - | €-28k | €-22k | €-71k | €-25k | ▲ 65.2% |
| Change in cash | - | €-35k | €137k | €-135k | €-358 | ▲ 99.7% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €41k ▲15.3%
Operating result €93k, net result €41k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €8k ▼49.6%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Oudergem · 1 establishment unit since 1986
Ground area
250 m²
Building footprint
250 m²
Volume, LiDAR
1,874 m³
Parcel 21002A0138/00W013, Brussels · tallest building 15.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADT CONSTRUCT
since 19862.034.340.022
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21002A0138/00W013 | Brussels | 250 m² | 1 · 250 m² | 15.3 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.
Recognitions · licences · registrations
Recognised contractor
9 categoriesADT CONSTRUCT BV30984
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,055. 667 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
Founded10-11-1986
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
43990Other specialised construction activities
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
Scores and ratios are computed by Checked and are not a credit decision.