AD FAST
ActiveThe annual accounts of AD FAST for fiscal year 2025 show a net loss of 53% of total assets. The 2025 annual accounts show equity of €15k and a net result of €-19k. Equity is shrinking by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 7391 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-77
Solvency66▼-34
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.69 against 8.38 in 2024; short-term debt: 59.1% and cash: 9.2% of total assets), but 59.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.9%
Return on assets
-53.3%
Age of the figures
9 mo
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
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 06-05-2026, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
86 d early
2024
27 d late
2023
on the day
2022
28 d late
2021
83 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€225k
EBIT margin
-4.2%
Net result
€-19k
2024 · €4k
2018: €-10k
2019: €11k
2020: €16k
2021: €-13k
2022: €16k
2023: €-22k
2024: €4k
2018 → 2025
Working capital
€15k▼ 72.5%
2024 · €53k
2018: €48k
2019: €71k
2020: €83k
2021: €70k
2022: €71k
2023: €49k
2024: €53k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€72k▲ 1.8%€49k▼ 31.1%€54k▲ 8.5%€15k▼ 72.8%
Operating result€-12k-€20k€-22k€3k€-20k
Net result€-13k-€16k€-22k€4k€-19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20k after €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €36k
Equity
€15k▼ 72.8%
Debt
€21k▲ 193%
The debt ratio rises from 11.8% to 59.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-20k▼
2024 · €3k
Cash flow
€-19k▼
2024 · €5k
Solvency
40.9%▼
2024 · 88.2%
Current ratio
1.69▼
2024 · 8.38
Quick ratio
1.69▼
2024 · 8.38
Debt / equity
1.44▲
2024 · 0.13
ROE
-130.2%▼
2024 · 7.9%
ROA
-53.3%▼
2024 · 6.9%
Interest coverage
-79.34▼
2024 · 13.64
Debt
€21k▲
2024 · €7k
Debt ≤ 1 year
€21k▲
2024 · €7k
Income taxes
€292▼
2024 · €391
Staff costs
€0▼
2024 · €31
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€61k€36k▼
Fixed assets21/28€544€0▼
Tangible fixed assets22/27€344€0▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€344€0▼
Financial fixed assets28€200€0▼
Current assets29/58€60k€36k▼
Amounts receivable within one year40/41€59k€31k▼
Trade receivables40€32k€15k▼
Other amounts receivable41€27k€16k▼
Cash at bank and in hand54/58€361€3k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€61k€36k▼
Equity10/15€54k€15k▼
Contributions10/11€19k€19k=
Reserves13€43k€2k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€21k€0▼
Distributable reserves133€20k€0▼
Profit (loss) carried forward14€-8k€-6k▲
Amounts payable17/49€7k€21k▲
Amounts payable within one year42/48€7k€21k▲
Trade debts44€7€408▲
Suppliers440/4€7€408▲
Taxes, remuneration and social security45€7k€676▼
Taxes450/3€4k€676▼
Remuneration and social security454/9€3k-
Other amounts payable47/48-€20k
Income statement
Code20242025
Remuneration, social security and pensions62€31€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€303€0▼
Other operating charges640/8€2k€481▼
Non-recurring operating charges66A-€-10
Gross operating margin9900€5k€-19k▼
Operating profit (loss)9901€3k€-20k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€255€600▲
Recurring financial charges65€255€246▼
Non-recurring financial charges66B-€354
Profit (loss) for the period before taxes9903€5k€-19k▼
Income taxes67/77€391€292▼
Profit (loss) for the period9904€4k€-19k▼
Transfer from tax-exempt reserves789-€21k
Profit (loss) for the period to be appropriated9905€4k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-6k▲
Profit (loss) brought forward from the previous period14P€-12k€-8k▲
Transfer from equity791/2-€20k
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-22k ▼237%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
22-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 83 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €16k ▲49.7%
Operating result €22k, net result €16k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Soumagne · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Nicolas Mornard(MEL) 154633 SoumagneGround area
8,213 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
AD FAST
since 20082.172.278.574
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62453A0117/00_000 | Wallonia | 7,237 m² | - | - |
| 62069B0437/00C004 | Wallonia | 976 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
GABY DECOR
BE 0793.302.424
Grimbergen · Eq €15k
MR Creative Construction
BE 0775.871.722
Sint-Pieters-Leeuw · Eq €15k
BL SYSTEMS
BE 0757.968.985
Oudsbergen · Eq €15k
VIKO CONSTRUCT
BE 0801.369.260
Aalst · Eq €15k
KEMI CONSTRUCT
BE 0805.347.745
Antwerpen · Eq €15k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 10,603 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-2008
Fiscal year end31-12
Legal name FR
PA CONSTRUCTION
Activities, NACEBEL
41001General construction of residential buildings
43350Other building finishing work
43310Plastering work
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.