ADTG
ActiveSummary
The computed 12-month bankruptcy probability of ADTG is 1.8% (moderate). The 2025 annual accounts show equity of €37,391 and a net result of €4,566. Equity is growing by ~45.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 7598 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-19
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 5.02 against 5.91 in 2024; short-term debt: 19.9% and cash: 8% of total assets), and 19.9% of the assets are financed with debt.
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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
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
80.1%
Return on assets
9.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-04-2026, 5 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
5 d early
2024
36 d early
2023
2 d early
2022
208 d late
2021
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 34 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€76,924
EBIT margin
20.9%
Net result
€4,566▼ 64.0%
2024 · €12,684
Working capital
€37,314▲ 15.6%
2024 · €32,288
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€76,924
Operating result-€836-€21,418€12,687▼ 40.8%€16,043▲ 26.4%€5,959▼ 62.9%
Net result-€962below the sector's middle half-€18,730within the sector's middle half€9,873within the sector's middle half▼ 47.3%€12,684within the sector's middle half▲ 28.5%€4,566within the sector's middle half▼ 64.0%
EBIT margin20.9%
Equity€1,538below the sector's middle half-€10,268below the sector's middle half▲ 568%€20,140below the sector's middle half▲ 96.2%€32,825within the sector's middle half▲ 63.0%€37,391within the sector's middle half▲ 13.9%
Total assets€3,921below the sector's middle half-€27,011below the sector's middle half▲ 589%€40,468below the sector's middle half▲ 49.8%€39,397below the sector's middle half▼ 2.6%€46,672below the sector's middle half▲ 18.5%
Debt€2,383-€16,743▲ 603%€20,328▲ 21.4%€6,573▼ 67.7%€9,281▲ 41.2%
Working capital€1,538within the sector's middle half-€10,268below the sector's middle half▲ 568%€19,221within the sector's middle half▲ 87.2%€32,288within the sector's middle half▲ 68.0%€37,314within the sector's middle half▲ 15.6%
Solvency38.0%within the sector's middle half49.8%within the sector's middle half▲ 11.8pp83.3%above the sector's middle half▲ 33.5pp80.1%above the sector's middle half▼ 3.2pp
Current ratio1.61within the sector's middle half1.95within the sector's middle half▲ 0.335.91above the sector's middle half▲ 3.975.02above the sector's middle half▼ 0.89
Return on assets (ROA)69.3%above the sector's middle half24.4%above the sector's middle half▼ 44.9pp32.2%above the sector's middle half▲ 7.8pp9.8%within the sector's middle half▼ 22.4pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46,672
Fixed assets
€77 ▼ 85.7%
Current assets
€46,595 ▲ 19.9%
Equity and liabilities €46,672
Equity
€37,391 ▲ 13.9%
Debt
€9,281 ▲ 41.2%
Debt's share of the balance-sheet total rises from 16.7% to 19.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6,419▼
2024 · €16,426
Cash flow
€5,026▼
2024 · €13,068
Debt to equity
0.25▲
2024 · 0.20
ROE
12.2%▼
2024 · 38.6%
Interest coverage
87.33▼
2024 · 253.17
Debt ≤ 1 year
€9,281▲
2024 · €6,573
Income taxes
€1,717▼
2024 · €3,729
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €76,924 | - | - |
| Non-recurring operating income76A | €2,250 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €3,216 | - | - | €59,621 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €383 | €460 | ▲ 20.0% |
| Other operating charges640/8 | €100 | €209 | €2,548 | €878 | €1,929 | ▲ 120% |
| Gross operating margin9900 | -€736 | €21,627 | €15,235 | €17,303 | €8,347 | ▼ 51.8% |
| Operating profit (loss)9901 | -€836 | €21,418 | €12,687 | €16,043 | €5,959 | ▼ 62.9% |
| Financial income75/76B | - | - | - | €436 | €397 | ▼ 8.8% |
| Recurring financial income75 | - | - | - | €436 | €397 | ▼ 8.8% |
| Financial charges65/66B | €127 | - | €35 | €65 | €74 | ▲ 13.3% |
| Recurring financial charges65 | €127 | - | €35 | €65 | €74 | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | -€962 | €21,418 | €12,653 | €16,414 | €6,283 | ▼ 61.7% |
| Income taxes67/77 | - | €2,688 | €2,780 | €3,729 | €1,717 | ▼ 54.0% |
| Profit (loss) for the period9904 | -€962 | €18,730 | €9,873 | €12,684 | €4,566 | ▼ 64.0% |
| Profit (loss) for the period to be appropriated9905 | -€962 | €18,730 | €9,873 | €12,684 | €4,566 | ▼ 64.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,921 | €27,011 | €40,468 | €39,397 | €46,672 | ▲ 18.5% |
| Fixed assets21/28 | - | - | €919 | €536 | €77 | ▼ 85.7% |
| Tangible fixed assets22/27 | - | - | €919 | €536 | €77 | ▼ 85.7% |
| Plant, machinery and equipment23 | - | - | €919 | €536 | €77 | ▼ 85.7% |
| Current assets29/58 | €3,921 | €27,011 | €39,549 | €38,861 | €46,595 | ▲ 19.9% |
| Amounts receivable within one year40/41 | €3,907 | €23,319 | €35,617 | €36,888 | €42,838 | ▲ 16.1% |
| Trade receivables40 | - | €21,821 | €34,476 | €26,476 | €35,221 | ▲ 33.0% |
| Other amounts receivable41 | €3,907 | €1,498 | €1,141 | €10,412 | €7,618 | ▼ 26.8% |
| Cash at bank and in hand54/58 | €14 | €3,693 | €3,932 | €1,973 | €3,757 | ▲ 90.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,921 | €27,011 | €40,468 | €39,397 | €46,672 | ▲ 18.5% |
| Equity10/15 | €1,538 | €10,268 | €20,140 | €32,825 | €37,391 | ▲ 13.9% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | €7,768 | €17,640 | €30,325 | €34,891 | ▲ 15.1% |
| Distributable reserves133 | - | €7,768 | €17,640 | €30,325 | €34,891 | ▲ 15.1% |
| Profit (loss) carried forward14 | -€962 | - | - | - | - | - |
| Amounts payable17/49 | €2,383 | €16,743 | €20,328 | €6,573 | €9,281 | ▲ 41.2% |
| Amounts payable within one year42/48 | €2,383 | €16,743 | €20,328 | €6,573 | €9,281 | ▲ 41.2% |
| Trade debts44 | €1,514 | €2,406 | €12,920 | €2,644 | €7,303 | ▲ 176% |
| Suppliers440/4 | €1,514 | €2,406 | €12,920 | €2,644 | €7,303 | ▲ 176% |
| Taxes, remuneration and social security45 | - | €4,338 | €7,118 | €3,929 | €1,978 | ▼ 49.7% |
| Taxes450/3 | - | €4,338 | €7,118 | €3,929 | €1,978 | ▼ 49.7% |
| Other amounts payable47/48 | €869 | €10,000 | €290 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€962 | €18,730 | €9,873 | €12,684 | €4,566 | ▼ 64.0% |
| + Depreciation and write-downs630 | - | - | - | €383 | €460 | ▲ 20.0% |
| Operating cash flow (approximation) | -€962 | €18,730 | €9,873 | €13,068 | €5,026 | ▼ 61.5% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €3,678 | €239 | -€1,959 | €1,784 | ▲ 191% |
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
25-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity triplescurrent ratio 5.91
Current ratio from 1.95 to 5.91; short-term debt falls from €20,328 to €6,573.
28-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 208 days late
2022
30-09
Financial
Back to profitnet €18,730
Net result €18,730 after one loss-making year.
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Asse · 1 establishment unit since 2020
Ground area
620 m²
Building footprint
163 m²
Volume, LiDAR
764 m³
Parcel 23002A0077/00S005, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ADTG
since 20202.305.497.087
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002A0077/00S005 | Flanders | 620 m² | 1 · 163 m² | 8.9 m · 1 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 2,456 companies in sector 41003 we hold annual accounts for 1,058. 674 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
Founded10-07-2020
Fiscal year end30-09
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
43120Site preparation
43240Other construction installation
43990Other specialised construction activities
47521Retail sale of hardware, building materials, paint and glass (general range)
47522Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750544131
Also
9925:BE0750544131
Registered
15-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.