AMDA
ActiveSummary
AMDA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €244,811 and a net result of €16,461. Equity is growing by ~30.4% per year across the filed fiscal years. Its solvency ranks better than 60% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+39
Solvency81▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 2.16 against 2.64 in 2024; short-term debt: 43.8% and cash: 5.3% of total assets), and 43.8% 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 · 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 · 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
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
56.2%
Return on assets
3.8%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-05-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
28 d late
2022
5 d early
2021
5 d early
2020
158 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€244,811▲ 7.2%
2024 · €228,349
Total assets
€435,932▲ 17.0%
2024 · €372,540
Net result
€16,461▲ 289%
2024 · €4,233
Working capital
€221,547▲ 4.5%
2024 · €212,036
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Operating result€105,889▲ 225%€122,381▲ 15.6%€58,127▼ 52.5%€27,350▼ 52.9%€2,750▼ 89.9%
Net result€103,700above the sector's middle half▲ 170%€70,408above the sector's middle half▼ 32.1%€38,072above the sector's middle half▼ 45.9%€4,233within the sector's middle half▼ 88.9%€16,461within the sector's middle half▲ 289%
Equity€115,638within the sector's middle half▲ 869%€186,045above the sector's middle half▲ 60.9%€224,117above the sector's middle half▲ 20.5%€228,349above the sector's middle half▲ 1.9%€244,811above the sector's middle half▲ 7.2%
Total assets€536,455above the sector's middle half▲ 13.0%€550,036above the sector's middle half▲ 2.5%€690,124above the sector's middle half▲ 25.5%€372,540above the sector's middle half▼ 46.0%€435,932above the sector's middle half▲ 17.0%
Debt€420,818▼ 9.1%€363,991▼ 13.5%€466,008▲ 28.0%€144,191▼ 69.1%€191,122▲ 32.5%
Working capital€352,230▲ 33.7%€205,173▼ 41.8%€245,512▲ 19.7%€212,036▼ 13.6%€221,547▲ 4.5%
Solvency21.6%below the sector's middle half▲ 19.0pp33.8%within the sector's middle half▲ 12.3pp32.5%within the sector's middle half▼ 1.3pp61.3%within the sector's middle half▲ 28.8pp56.2%within the sector's middle half▼ 5.1pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 90% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €435,932
Fixed assets
€23,263 ▼ 25.4%
Current assets
€412,669 ▲ 20.9%
Equity and liabilities €435,932
Equity
€244,811 ▲ 7.2%
Debt
€191,122 ▲ 32.5%
Debt's share of the balance-sheet total rises from 38.7% to 43.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,656▼
2024 · €33,380
Cash flow
€24,367▲
2024 · €10,263
Current ratio
2.16▼
2024 · 2.64
Quick ratio
0.80▼
2024 · 0.93
Debt to equity
0.78▲
2024 · 0.63
ROE
6.7%▲
2024 · 1.9%
ROA
3.8%▲
2024 · 1.1%
Interest coverage
14.01▲
2024 · 1.61
Debt ≤ 1 year
€191,122▲
2024 · €129,335
Income taxes
€8,881▲
2024 · €2,550
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 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 16,986 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €56 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €15,291 | €11,770 | €513 | €3,371 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,121 | €33,602 | €23,554 | €6,030 | €7,906 | ▲ 31.1% |
| Other operating charges640/8 | €959 | - | - | - | €2,710 | - |
| Gross operating margin9900 | €159,261 | €167,753 | €82,194 | €36,750 | €13,367 | ▼ 63.6% |
| Operating profit (loss)9901 | €105,889 | €122,381 | €58,127 | €27,350 | €2,750 | ▼ 89.9% |
| Financial income75/76B | €7,866 | - | €5,775 | €190 | €23,353 | ▲ 12,179% |
| Recurring financial income75 | €7,866 | - | €5,775 | €190 | €23,353 | ▲ 12,179% |
| Financial charges65/66B | €10,296 | €29,355 | €5,808 | €20,757 | €761 | ▼ 96.3% |
| Recurring financial charges65 | €10,296 | €29,355 | €5,808 | €20,757 | €761 | ▼ 96.3% |
| Profit (loss) for the period before taxes9903 | €103,460 | €93,026 | €58,094 | €6,783 | €25,343 | ▲ 274% |
| Income taxes67/77 | -€240 | €22,619 | €20,023 | €2,550 | €8,881 | ▲ 248% |
| Profit (loss) for the period9904 | €103,700 | €70,408 | €38,072 | €4,233 | €16,461 | ▲ 289% |
| Profit (loss) for the period to be appropriated9905 | €103,700 | €70,408 | €38,072 | €4,233 | €16,461 | ▲ 289% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €536,455 | €550,036 | €690,124 | €372,540 | €435,932 | ▲ 17.0% |
| Fixed assets21/28 | €65,911 | €33,749 | €12,756 | €31,169 | €23,263 | ▼ 25.4% |
| Intangible fixed assets21 | €52,208 | €22,330 | €3,552 | €2,664 | €1,776 | ▼ 33.3% |
| Tangible fixed assets22/27 | €10,641 | €8,356 | €6,141 | €25,443 | €18,425 | ▼ 27.6% |
| Plant, machinery and equipment23 | €6,140 | €5,705 | €3,633 | €1,775 | €500 | ▼ 71.9% |
| Furniture and vehicles24 | €4,501 | €2,651 | €2,508 | €23,668 | €17,925 | ▼ 24.3% |
| Financial fixed assets28 | €3,063 | €3,063 | €3,063 | €3,063 | €3,063 | = |
| Current assets29/58 | €470,544 | €516,287 | €677,369 | €341,371 | €412,669 | ▲ 20.9% |
| Stocks and contracts in progress3 | €250,997 | €248,653 | €211,113 | €220,659 | €259,697 | ▲ 17.7% |
| Stocks30/36 | €250,997 | €248,653 | €211,113 | €220,659 | €259,697 | ▲ 17.7% |
| Amounts receivable within one year40/41 | €118,638 | €232,804 | €418,048 | €87,173 | €129,774 | ▲ 48.9% |
| Trade receivables40 | €117,038 | €232,804 | €418,048 | €87,173 | €128,733 | ▲ 47.7% |
| Other amounts receivable41 | €1,600 | - | - | - | €1,041 | - |
| Cash at bank and in hand54/58 | €100,910 | €34,830 | €48,208 | €33,538 | €23,198 | ▼ 30.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €536,455 | €550,036 | €690,124 | €372,540 | €435,932 | ▲ 17.0% |
| Equity10/15 | €115,638 | €186,045 | €224,117 | €228,349 | €244,811 | ▲ 7.2% |
| Contributions10/11 | €118,600 | €118,600 | €118,600 | €118,600 | €118,600 | = |
| Reserves13 | €1,860 | €67,445 | €105,517 | €109,749 | €126,211 | ▲ 15.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €65,585 | €103,657 | €107,889 | €124,351 | ▲ 15.3% |
| Profit (loss) carried forward14 | -€4,822 | - | - | - | - | - |
| Amounts payable17/49 | €420,818 | €363,991 | €466,008 | €144,191 | €191,122 | ▲ 32.5% |
| Amounts payable after more than one year17 | €302,504 | €52,876 | €34,151 | €14,856 | - | - |
| Financial debts170/4 | €302,504 | €52,876 | €34,151 | €14,856 | - | - |
| Amounts payable within one year42/48 | €118,314 | €311,115 | €431,857 | €129,335 | €191,122 | ▲ 47.8% |
| Current portion of amounts payable after more than one year42 | €37,394 | €18,173 | €18,725 | €19,295 | €14,856 | ▼ 23.0% |
| Trade debts44 | €60,551 | €60,773 | €185,294 | €95,729 | €159,334 | ▲ 66.4% |
| Suppliers440/4 | €60,551 | €60,773 | €185,294 | €95,729 | €159,334 | ▲ 66.4% |
| Taxes, remuneration and social security45 | €5,898 | €23,667 | €22,621 | €6,141 | €11,432 | ▲ 86.2% |
| Taxes450/3 | €5,898 | €23,667 | €22,621 | €6,141 | €11,432 | ▲ 86.2% |
| Other amounts payable47/48 | €14,471 | €208,502 | €205,217 | €8,171 | €5,501 | ▼ 32.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103,700 | €70,408 | €38,072 | €4,233 | €16,461 | ▲ 289% |
| + Depreciation and write-downs630 | €37,121 | €33,602 | €23,554 | €6,030 | €7,906 | ▲ 31.1% |
| Operating cash flow (approximation) | €140,821 | €104,010 | €61,626 | €10,263 | €24,367 | ▲ 137% |
| Investment in fixed assets (approximation) | - | -€1,439 | -€2,561 | -€24,444 | €0 | ▲ 100% |
| Change in cash | - | -€66,079 | €13,378 | -€14,670 | -€10,341 | ▲ 29.5% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-09
Financial
Equity above €200,000Eq €224,117 ▲20.5%
5 profitable years in a row build equity to €224,117.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €150,000Eq €186,045 ▲60.9%
4 profitable years in a row build equity to €186,045.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €103,700 ▲170%
Net result €103,700, the highest in the series.
30-09
Financial
Equity above €100,000Eq €115,638 ▲869%
3 profitable years in a row build equity to €115,638.
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €2,067
Net result €2,067 after one loss-making year.
Show earlier events
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 99 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 91 days late
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Kortenberg · 1 establishment unit since 2003
Ground area
2.0 ha
Building footprint
5,020 m²
Volume, LiDAR
729 m³
2 parcels, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
Frans Peetersstraat 86, 1933 Zaventem
since 20032.127.191.489
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055A0217/00A000 | Flanders | 2.0 ha | 1 · 4,871 m² | - |
| 23082D0125/00E003 | Flanders | 648 m² | 1 · 149 m² | 10.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,093 companies in sector 43240 we hold annual accounts for 1,634. 1,235 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
Founded07-06-2002
Fiscal year end30-09
Activities, NACEBEL 2025
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477704511
Also
9925:BE0477704511
Registered
29-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.