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Complete company report
Generated 10-08-2026
Active BE 0898.281.960Private limited company (pre-2019)

ADO CONSTRUCT

Louizalaan 54 ·1050 Elsene, Belgium· 18 yrs active
Sector: Specialised construction (43130)
Conclusion Checked

The computed 12-month bankruptcy probability of ADO CONSTRUCT is 2.1% (moderate). The 2023 annual accounts show equity of €63k and a net result of €979. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 9099 sector peers (fiscal year 2023). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €63k
Net result €979
Better than sector 84%
Active 18 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health94Profitability8Solvency100Growth52Stability100
71 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 94
Profitability 8
Solvency 100
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
2.1% Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Higher-failure-rate region +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Established
Founded in 2008, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2023 · computed
94 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 30-08-2024 with the NBB · fiscal year 2023 · micro
€-20k€0€20k€40kOperating result 2019: €11k€11kNet result 2019: €28k€28kOperating result 2020: €18k€18kNet result 2020: €40k€40kOperating result 2021: €11k€11kNet result 2021: €6k€6kOperating result 2022: €-4k€-4kNet result 2022: €-6k€-6kOperating result 2023: €4k€4kNet result 2023: €979€97920192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~3.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
€50k€60k€70k€80k€90k2024: €66k (€59k - €73k)2025: €68k (€57k - €79k)2026: €70k (€55k - €85k)2019: €51k2020: €62k2021: €68k2022: €62k2023: €63k20192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 68.9% 38.7%
better than 84% of 9099 sector peers
Net result €979 €12k
better than 24% of 9084 sector peers
Equity €63k €30k
better than 74% of 9105 sector peers
Gross operating margin €24k €33k
better than 40% of 9074 sector peers
Staff costs €60 €26k
higher than 5% of 3340 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€21k
+61.4% 19-23
Net profit
€979
- 19-23
Cash flow
€17k
+65.3% 19-23
Total assets
€92k
-20.1% 19-23
Equity
€63k
+1.6% 19-23
Working capital
€32k
+9.3% 19-23
Staff costs
€60
-67.8% 19-23
Income taxes
€1k
-61.7% 19-23
Debt
€28k
-45.8% 19-23
Debt ≤ 1y
€21k
-31.4% 19-23
Debt > 1y
€8k
-65.0% 19-23
Current ratio
2.57
+29.4% 19-23
Quick ratio
2.57
+29.4% 19-23
Solvency
68.9%
+27.2% 19-23
Debt / equity
0.45
-46.7% 19-23
ROE
1.6%
- 19-23
ROA
1.1%
- 19-23
Interest coverage
9.63
+75.2% 19-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€21k
Net profit€979
Cash flow€17k
Staff costs€60
Income taxes€1k
Dividends-
Total assets€92k
Equity€63k
Debt€28k
of which ≤ 1y€21k
of which > 1y€8k
Working capital€32k
Employees (FTE)-
Ratios (computed)
2023
Current ratio2.57
Quick ratio2.57
Working capital ratio35.2%
Solvency68.9%
Debt / equity0.45
Long-term debt ratio0.13
Interest coverage9.63
Gross margin-
Net margin-
ROA1.1%
ROE1.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€92k
Fixed assets 21/28€39k
Tangible fixed assets 22/27€39k
Financial fixed assets 28€247
Current assets 29/58€53k
Amounts receivable within one year 40/41€29k
Cash & bank 54/58€866
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€92k
Equity 10/15€63k
Contributions / capital 10/11€6k
Reserves 13€26k
Accumulated profits (losses) 14€31k
Amounts payable 17/49€28k
Amounts payable after one year 17€8k
Amounts payable within one year 42/48€21k
Trade debts payable within one year 44€5k
Income statement
Gross operating margin 9900€24k
Operating result 9901€4k
Financial income 75€21
Financial charges 65€2k
Result before taxes 9903€2k
Income taxes 67/77€1k
Net result for the period 9904€979
Result to be appropriated 9905€979
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Specialised construction(43130)
Legal form Private limited company (pre-2019)(015)
Incorporation02-06-2008
StatusActive
Postal code1050
Establishment units 1 location
ADO CONSTRUCT
Bergestraat 77, 1730 AsseAlgemene bouw van residentiële gebouwen
since 20082.171.203.656
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0001/00L000 Brussels 1,625 m² 1 · 1,286 m² 33.9 m · 9 fl.
23322E0103/00B004 Flanders 274 m² 1 · 113 m² 12.0 m · 1 fl.
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.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
11-02-2025
State Gazette act Registered-office change
Hervé BEHAEGEL
11-02-2025
State Gazette act Registered-office change
Hervé Behaegel
2024
30-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
29-09-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
28-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
29-10-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
20-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
25-09-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
28-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
09-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
21-09-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
28-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
Belgisch Staatsblad, acts 2 acts
Address history · 2
11-02-2025
Registered-office move
11-02-2025
Registered-office move
All acts · 2 updated 1 year ago
2025
11-02-2025 Registered office moved within Ixelles Registered-office change·Hervé BEHAEGEL
  • Ixelles (1050 Bruxelles) Avenue Louise 54 → 1050 Ixelles, Avenue Louise 54
Notary: Hervé BEHAEGEL · Saint-Gilles
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "1050 Ixelles, Avenue Louise 54",
        "city": "Ixelles",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Avenue Louise",
        "country": "BE",
        "postcode": "1050",
        "box_number": null,
        "street_number": "54",
        "locality_suffix": "(1050 Ixelles)"
      },
      "old_address": {
        "raw": "Ixelles (1050 Bruxelles) Avenue Louise 54",
        "city": "Ixelles",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Avenue Louise",
        "country": "BE",
        "postcode": "1050",
        "box_number": null,
        "street_number": "54",
        "locality_suffix": "(1050 Bruxelles)"
      },
      "effective_date": "2023-12-20",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "retroactive",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": "Herv\u00E9 BEHAEGEL",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Saint-Gilles",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2025-02-11",
    "filing_date": "2024-10-31",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "assembl\u00E9e g\u00E9n\u00E9rale extraordinaire",
    "date": "2024-10-31",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0898.281.960",
    "name_full": "ADO CONSTRUCT",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Herv\u00E9 BEHAEGEL",
    "org_rep_person_name": null,
    "person_role_at_subject": "Notaire"
  },
  "co_filed_documents": [
    "exp\u00E9dition de l\u0027acte",
    "statuts coordonn\u00E9s"
  ]
}
11-02-2025 Registered office moved from Asse to Elsene Registered-office change·Hervé Behaegel
  • Bergestraat 77, 1730 Asse → Louizalaan 54, 1050 Elsene
Notary: Hervé Behaegel · Brussel
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Louizalaan 54, 1050 Elsene",
        "city": "Elsene",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Louizalaan",
        "country": "BE",
        "postcode": "1050",
        "box_number": null,
        "street_number": "54",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Bergestraat 77, 1730 Asse",
        "city": "Asse",
        "region": "vlaams_gewest",
        "street": "Bergestraat",
        "country": "BE",
        "postcode": "1730",
        "box_number": null,
        "street_number": "77",
        "locality_suffix": null
      },
      "effective_date": null,
      "evidence_quote": "Ingevolge de notulen van de algemene vergadering van de besloten vennootschap ADO CONSTRUCT, met maatschappelijke zetel te Bergestraat 77, 1730 Asse, gehouden op 16 juni 2024, heeft de vergadering kennis genomen van de adreswijziging van de maatschappelijke zetei.",
      "region_changed": true,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "not_specified",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": true,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": "Herv\u00E9 Behaegel",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-02-11",
    "filing_date": "2025-02-04",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "date": "2024-06-16",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0898.281.960",
    "name_full": "ADO CONSTRUCT",
    "legal_form": "besloten venootschap",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Herv\u00E9 Behaegel",
    "org_rep_person_name": null,
    "person_role_at_subject": "notaris"
  },
  "co_filed_documents": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Proefboren en boren43130Proefboren en boren43130Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Installatie van isolatie43230Isolatiewerkzaamheden43291Postdiensten in het kader van de universele dienstverplichting53100Postdiensten in het kader van de universele dienstverplichting53100
Primary activity highlighted.
Names & trade names
Legal nameFR ADO CONSTRUCT
Registered office
Louizalaan 54
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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ADVISON BE 0463.585.071 · Hoeilaart
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative