ADT PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of ADT PROJECT is 2.1% (moderate). The 2025 annual accounts show equity of €32k and a net result of €-16k. Equity is shrinking by ~9.9% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2023
Profitability37=
Solvency25▼-1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 81.84; short-term debt: 1.2% and cash: 0.1% of total assets), but 99.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
46 d early
2023
58 d early
2022
32 d early
2021
52 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-16k▼ 286%
2023 · €-4k
2021: €-7k
2022: €-3k▲ +57.1% vs 2021highest value
2023: €-4k▼ -38.3% vs 2022
2025: €-16klowest value
2021 → 2025
Working capital
€10.13M▲ 60.8%
2023 · €6.30M
2021: €55klowest value
2022: €2.03M▲ +3610% vs 2021
2023: €6.30M▲ +211% vs 2022
2025: €10.13Mhighest value
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232025Trend
Equity€55k-€52k▼ 5.4%€48k▼ 7.9%€32k▼ 33.1%
2021: €55khighest value
2022: €52k▼ -5.4% vs 2021
2023: €48k▼ -7.9% vs 2022
2025: €32klowest value
Operating result€-7k-€817€-4k€-15k▼ 317%
2021: €-7k
2022: €817▲ +112% vs 2021highest value
2023: €-4k▼ -532% vs 2022
2025: €-15klowest value
Net result€-7k-€-3k▲ 57.1%€-4k▼ 38.3%€-16k▼ 286%
2021: €-7k
2022: €-3k▲ +57.1% vs 2021highest value
2023: €-4k▼ -38.3% vs 2022
2025: €-16klowest value
Result per fiscal year
Operating resultNet result
The operating result is €-15k in 2025, compared with €-4k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Equity and liabilities €10.25M
Equity
€32k ▼ 33.1%
Debt
€10.22M ▲ 62.2%
Debt's share of the balance-sheet total rises from 99.3% to 99.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
81.84
Quick ratio
0.99▼
2023 · 1.25
ROE
-49.5%▼
2023 · -8.6%
ROA
-0.2%▼
2023 · -0.1%
Debt ≤ 1 year
€125k▲
2023 · €49k
Debt > 1 year
€9.64M▲
2023 · €6.08M
A ratio outside any meaningful range has been withheld (balance sheet total €10.25M, equity €32k).
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 2023 · 39 lines
Balance sheet
Code20232025
Assets
Total assets20/58€6.35M€10.25M▲
Current assets29/58€6.35M€10.25M▲
Stocks and contracts in progress3€6.29M€10.13M▲
Stocks30/36€6.29M€10.13M▲
Amounts receivable within one year40/41€33k€53k▲
Trade receivables40€33k€48k▲
Other amounts receivable41-€5k
Cash at bank and in hand54/58€25k€12k▼
Deferred charges and accrued income490/1€4k€59k▲
Equity and liabilities
Total equity and liabilities10/49€6.35M€10.25M▲
Equity10/15€48k€32k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-14k€-30k▼
Amounts payable17/49€6.30M€10.22M▲
Amounts payable after more than one year17€6.08M€9.64M▲
Financial debts170/4€6.05M€9.61M▲
Other amounts payable178/9€24k€24k=
Amounts payable within one year42/48€49k€125k▲
Trade debts44€40k€120k▲
Suppliers440/4€40k€120k▲
Advances received on contracts in progress46€9k€1k▼
Other amounts payable47/48-€5k
Accrued charges and deferred income492/3€173k€456k▲
Income statement
Code20232025
Goods, raw materials, services and sundry goods60/61-€3.24M
Other operating charges640/8€1k€33k▲
Gross operating margin9900€-2k€18k▲
Operating profit (loss)9901€-4k€-15k▼
Financial income75/76B€0€73▲
Recurring financial income75€0€73▲
Financial charges65/66B€557€1k▲
Recurring financial charges65€557€1k▲
Profit (loss) for the period before taxes9903€-4k€-16k▼
Profit (loss) for the period9904€-4k€-16k▼
Profit (loss) for the period to be appropriated9905€-4k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-30k▼
Profit (loss) brought forward from the previous period14P€-10k€-14k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | €42k | - | - | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €42k | - | - | - | - |
| Operating charges60/66A | €49k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €3.24M | - |
| Goods for resale, raw materials and consumables60 | €42k | - | - | - | - |
| Purchases600/8 | €42k | - | - | - | - |
| Services and other goods61 | €3k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €0 | - | - | - |
| Other operating charges640/8 | €1k | €747 | €1k | €33k | - |
| Gross operating margin9900 | - | €2k | €-2k | €18k | - |
| Operating profit (loss)9901 | €-7k | €817 | €-4k | €-15k | - |
| Financial income75/76B | - | €0 | €0 | €73 | - |
| Recurring financial income75 | - | €0 | €0 | €73 | - |
| Financial charges65/66B | €195 | €4k | €557 | €1k | - |
| Recurring financial charges65 | €195 | €4k | €557 | €1k | - |
| Other financial charges652/9 | €195 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-7k | €-3k | €-4k | €-16k | - |
| Profit (loss) for the period9904 | €-7k | €-3k | €-4k | €-16k | - |
| Profit (loss) for the period to be appropriated9905 | €-7k | €-3k | €-4k | €-16k | - |
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €98k | €2.07M | €6.35M | €10.25M | - |
| Current assets29/58 | €98k | €2.07M | €6.35M | €10.25M | - |
| Stocks and contracts in progress3 | €42k | €1.86M | €6.29M | €10.13M | - |
| Stocks30/36 | €42k | €1.86M | €6.29M | €10.13M | - |
| Property held for sale35 | €42k | - | - | - | - |
| Amounts receivable within one year40/41 | €168 | €150k | €33k | €53k | - |
| Trade receivables40 | €168 | €150k | €33k | €48k | - |
| Other amounts receivable41 | - | - | - | €5k | - |
| Cash at bank and in hand54/58 | €56k | €52k | €25k | €12k | - |
| Deferred charges and accrued income490/1 | - | €2k | €4k | €59k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €98k | €2.07M | €6.35M | €10.25M | - |
| Equity10/15 | €55k | €52k | €48k | €32k | - |
| Contributions10/11 | €62k | €62k | €62k | €62k | - |
| Capital10 | €62k | €62k | €62k | €62k | - |
| Issued capital100 | €62k | €62k | €62k | €62k | - |
| Profit (loss) carried forward14 | €-7k | €-10k | €-14k | €-30k | - |
| Amounts payable17/49 | €44k | €2.01M | €6.30M | €10.22M | - |
| Amounts payable after more than one year17 | - | €1.95M | €6.08M | €9.64M | - |
| Financial debts170/4 | - | €1.92M | €6.05M | €9.61M | - |
| Other amounts payable178/9 | - | €24k | €24k | €24k | - |
| Amounts payable within one year42/48 | €44k | €39k | €49k | €125k | - |
| Trade debts44 | €44k | €36k | €40k | €120k | - |
| Suppliers440/4 | €44k | €36k | €40k | €120k | - |
| Advances received on contracts in progress46 | - | €3k | €9k | €1k | - |
| Other amounts payable47/48 | - | - | - | €5k | - |
| Accrued charges and deferred income492/3 | - | €28k | €173k | €456k | - |
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €-3k | €-4k | €-16k | - |
| + Depreciation and write-downs630 | €2k | €0 | - | - | - |
| Operating cash flow (approximation) | €-5k | €-3k | €-4k | €-16k | - |
| Change in cash | - | €-4k | €-27k | - | - |
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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 129.82
Current ratio from 53.16 to 129.82.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 24current ratio 53.16
Current ratio from 2.25 to 53.16; short-term debt falls from €44k to €39k.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Waregem · 1 establishment unit since 2020
Ground area
1.1 ha
Building footprint
581 m²
Volume, LiDAR
520 m³
Parcel 34452B1150/00A000, Flanders · tallest building 5.1 m. Linked by address, not a title deed.
141
companies at this address
See who is registered here
1 establishment unit
Vredestraat 53, 8790 Waregem
since 20202.305.863.412
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 581 m² | 5.1 m |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded22-06-2020
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.