Checked.be
Active
BE 0720.698.716Private limited companyOpen bankruptcy
ADS Benovation
Diestersteenweg 315b ·3680 Maaseik, Belgium· 7 yrs active
Sector: Other specialised construction activities
(43990)
Conclusion
A bankruptcy procedure is open for ADS Benovation according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-323k) and a net result of €-178k.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €-323k |
| Net result | €-178k |
| Better than sector | 5% |
| Active | 7 yrs |
Financial profile
33
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
33
Growth
32
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
0
/ 100
Critical
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.
Indicative credit limit
No credit
open bankruptcy
Score history
58
2021
61
2022
7
2023
15
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.02 (< 1.0)
-10
Quick ratio
Quick ratio 0.02 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 55% (≥ 10%)
+10
Interest coverage
Interest coverage -345.6× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Bankruptcy
Open bankruptcy
-60
Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-07-2025 with the NBB · fiscal year 2024 · micro schema
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -4564.5% | 46.6% | |
| Net result | €-178k | €9k | |
| Equity | €-323k | €58k | |
| Gross operating margin | €-166k | €38k | |
| Total assets | €7k | €140k |
€-177k
+17.2%
21-24
€-178k
+19.6%
21-24
€-177k
+17.2%
21-24
€7k
-96.8%
21-24
€-323k
-121.8%
21-24
€-324k
-107.1%
21-24
€2k
-57.0%
21-24
€330k
-9.4%
21-24
€330k
-8.4%
21-24
€4k
-51.9%
21-24
0.02
-96.4%
21-24
0.02
-90.3%
21-24
-4564.5%
-6747.2%
21-24
-1.02
+59.1%
21-24
54.9%
-63.7%
21-24
-2506.2%
-2382.6%
21-24
-345.56
+1.1%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €-177k | €-214k | €19k | €39k |
| Net profit | €-178k | €-221k | €7k | €25k |
| Cash flow | €-177k | €-214k | €17k | €35k |
| Staff costs | - | - | - | - |
| Income taxes | - | - | €2k | €5k |
| Dividends | - | - | - | - |
| Total assets | €7k | €219k | €277k | €331k |
| Equity | €-323k | €-146k | €75k | €68k |
| Debt | €330k | €364k | €202k | €263k |
| of which ≤ 1y | €330k | €361k | €194k | €251k |
| of which > 1y | - | €4k | €8k | €12k |
| Working capital | €-324k | €-156k | €58k | €37k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.02 | 0.57 | 1.30 | 1.15 |
| Quick ratio | 0.02 | 0.21 | 0.21 | 0.55 |
| Working capital ratio | -4568.3% | -71.5% | 21.1% | 11.3% |
| Solvency | -4564.5% | -66.7% | 27.1% | 20.6% |
| Debt / equity | -1.02 | -2.50 | 2.70 | 3.86 |
| Long-term debt ratio | - | -0.03 | 0.11 | 0.17 |
| Interest coverage | -345.56 | -349.47 | 20.03 | 206.24 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -2506.2% | -100.9% | 2.5% | 7.6% |
| ROE | 54.9% | 151.4% | 9.2% | 36.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €7k | €219k | €277k | €331k |
| Fixed assets | 21/28 | €270 | €14k | €24k | €43k |
| Tangible fixed assets | 22/27 | €270 | €14k | €24k | €43k |
| Current assets | 29/58 | €7k | €204k | €253k | €288k |
| Stocks & contracts in progress | 3 | - | €128k | €212k | €150k |
| Amounts receivable within one year | 40/41 | €1k | €32k | €16k | €29k |
| Cash & bank | 54/58 | €6k | €45k | €24k | €109k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €7k | €219k | €277k | €331k |
| Equity | 10/15 | €-323k | €-146k | €75k | €68k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €374 | €374 | €374 | €374 |
| Accumulated profits (losses) | 14 | €-342k | €-165k | €56k | €49k |
| Amounts payable | 17/49 | €330k | €364k | €202k | €263k |
| Amounts payable after one year | 17 | - | €4k | €8k | €12k |
| Amounts payable within one year | 42/48 | €330k | €361k | €194k | €251k |
| Trade debts payable within one year | 44 | €29k | €92k | €35k | €101k |
| Income statement | |||||
| Gross operating margin | 9900 | €-166k | €-208k | €28k | €40k |
| Operating result | 9901 | €-177k | €-221k | €10k | €29k |
| Financial income | 75 | €418 | €603 | €427 | €888 |
| Financial charges | 65 | €512 | €612 | €963 | €188 |
| Result before taxes | 9903 | €-178k | €-221k | €9k | €30k |
| Income taxes | 67/77 | - | - | €2k | €5k |
| Net result for the period | 9904 | €-178k | €-221k | €7k | €25k |
| Result to be appropriated | 9905 | €-178k | €-221k | €7k | €25k |
Directors & mandates
Former directors (1)
-
Smeets VitalDirectorState Gazette act 22154512 (30-12-2022)Former- → 29-11-2022
Directors & mandates
| Role | Name | Tenure |
|---|---|---|
| Curator | KATHLEEN VELKENEERS KASTEELSTRAAT 23B,
3840 TONGEREN-BORGLOON |
26-08-2026 → present |
Legal Structure
| NACE primary | Other specialised construction activities(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 13-02-2019 |
| Status | Active |
| Postal code | 3680 |
| First insolvency signal | 01-09-2026 |
| Latest insolvency signal | 01-09-2026 |
Establishment units
ADS Benovation
since 20192.285.820.440
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021A1830/00H000 | Flanders | 1,308 m² | 1 · 734 m² | 6.9 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2026
01-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · ADS BENOVATION BV DIES- TERSTEENWEG 315B, 3680 MAASEIK · event 26-08-2026
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-221k ▼3295%
Net result drops to €-221k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-12
State Gazette act
Director changes
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Lifecycle & Insolvency Signals
01-09-2026
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
All acts · 1
updated 3 years ago
2022
30-12-2022 Smeets Vital resigns as director
- Smeets Vital, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Smeets Vital",
"address": "Olmenweg 1, 3680 Maaseik",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2022-11-29",
"evidence_quote": "De heer Smeets Vital, wonende te Olmenweg 1, 3680 Maaseik, wordt ontslagen als bestuurder met ingang vanaf 29 november 2022. Er wordt hem d\u00E9charge verleend over zijn gevoerde beleid.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2022-12-14",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2022-11-29",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0720.698.716",
"name_full": "ADS BENOVATION",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Dedroog Patrick",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Activities
Other specialised construction activities43990Specialised construction activities43995Joinery installation43320
Names & trade names
| Legal nameNL | ADS Benovation |
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