ACTIVE

ADAL

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Financial year 2025 · closed on 30/09/2025

Net result

76,6 k €

-72.5% YoY

Gross margin

257,1 k €

+118.7% YoY

Equity

366,8 k €

+26.4% YoY

What does ADAL do?

ADAL is a Private limited company incorporated in 1969. Its main activity is: Management of real estate on a fee or contract basis. Its registered office is in Woluwe-Saint-Lambert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.359.949

Incorporation

16/06/1969

Legal form

Private limited company

Registered office

Avenue de Broqueville 158 box 3
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Latest accounts

30/09/2025

Activities (NACE)

68321Management of real estate on a fee or contract basis· main 68321Management of real estate on a fee or contract basis 70321Activities of head offices; management consultancy activities 81100Combined facilities support activities 81100Combined facilities support activities

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	257,1 k €	+119%	117,6 k €	+50.1%	78,3 k €	-22.3%	100,9 k €	-19.7%	125,6 k €	+8.8%	115,4 k €	+9.7%	105,2 k €	-12.2%	119,9 k €	+10.2%	108,8 k €	-12.5%	124,4 k €	+19.3%	104,3 k €	+14.5%	91,1 k €	-0.4%	91,5 k €	-35.8%	142,5 k €
EBITDA	199,9 k €	+485%	34,2 k €	+214%	-30 k €	-198%	30,7 k €	-50.4%	61,9 k €	+31.4%	47,1 k €	+1.4%	46,5 k €	-22.1%	59,6 k €	+31.1%	45,5 k €	-20.6%	57,3 k €	+44.7%	39,6 k €	+21.4%	32,6 k €	+58.3%	20,6 k €	-72.6%	75,1 k €
Operating result	141,1 k €	+379%	29,4 k €	+188%	-33,5 k €	-216%	28,9 k €	-52.5%	60,7 k €	+53.5%	39,5 k €	+2.8%	38,4 k €	-22.5%	49,6 k €	+53.4%	32,4 k €	-26.9%	44,3 k €	+63.2%	27,1 k €	+18.8%	22,8 k €	+147%	9,2 k €	-85.9%	65,3 k €
Net result	76,6 k €	-72.5%	278 k €	+927%	-33,6 k €	-240%	24 k €	-49.8%	47,8 k €	+60.1%	29,8 k €	+3.5%	28,8 k €	-4.4%	30,2 k €	+63.5%	18,4 k €	-19.9%	23 k €	+61.1%	14,3 k €	+24.6%	11,5 k €	+204%	3,8 k €	-90.2%	38,5 k €
Balance sheet
Equity	366,8 k €	+26.4%	290,3 k €	+2262%	12,3 k €	-73.2%	45,9 k €	+110%	21,9 k €	-12.5%	25 k €	-32.7%	37,2 k €	-3.0%	38,4 k €	+0.4%	38,2 k €	+1.2%	37,8 k €	+8.7%	34,7 k €	+0.9%	34,4 k €	-11.6%	39 k €	-9.8%	43,2 k €
Total assets	891,1 k €	-1.7%	906,4 k €	+1755%	48,9 k €	-24.9%	65,1 k €	-31.6%	95,2 k €	+8.3%	87,9 k €	-2.5%	90,2 k €	-12.3%	102,8 k €	+15.3%	89,2 k €	-15.9%	106 k €	+22.2%	86,7 k €	+15.9%	74,8 k €	-1.1%	75,7 k €	-27.7%	104,7 k €
Cash	4 k €	-71.3%	13,8 k €	+152%	5,5 k €	-87.1%	42,5 k €	-46.3%	79,2 k €	+29.9%	61 k €	-9.1%	67,1 k €	-5.3%	70,9 k €	+37.0%	51,7 k €	-12.4%	59 k €	+94.4%	30,4 k €	+59.5%	19 k €	-23.3%	24,8 k €	-41.2%	42,2 k €
Debts	474,3 k €	-23.0%	616,1 k €	+1584%	36,6 k €	+90.8%	19,2 k €	-73.8%	73,2 k €	+16.5%	62,9 k €	+18.6%	53 k €	-17.8%	64,5 k €	+26.5%	50,9 k €	-25.3%	68,2 k €	+31.3%	52 k €	+28.6%	40,4 k €	+10.0%	36,7 k €	-40.3%	61,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,1 ETP	-26.7%	1,5 ETP	0.0%	1,5 ETP	-25.0%	2,0 ETP	+5.3%	1,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 5 ended

Active mandates

PRIVATE LLOYD PATRIMONIA

Director · since 02 juillet 2025 · 0658.918.030

Represented by Grégory Sohier

Active

Ended mandates

DONE INVEST

Managing director · since 01 septembre 2021 · 0839.621.013

Represented by Olivier Reye

Ended

Dominique LIMAGE

Managing director

Ended

Dominique LIMAGE

Manager

Ended

DONE INVEST

Managing director · 0839.621.013

Represented by Olivier Reye

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires BROQUEVILLE 158 / GILSOUL sis à Woluwe-Saint-Lambert, av. de Broqueville 158 à l'angle de l'av. V. Gilsoul● Active	0845.668.269
HASTON CONSULT● Active	0880.187.995
New Ambassador● Active	0422.836.757

Annual accounts

Full financial information

	2025	2023	2022	2021	2020	2019
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2025	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	21 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/05/2026	08/08/2024	28/08/2023	19/08/2022	24/08/2021	19/06/2020
General meeting	11/03/2026	27/05/2024	29/05/2023	30/05/2022	03/06/2021	04/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	11/03/2026	27/05/2026	French	PDF
Micro model	31/12/2023	27/05/2024	08/08/2024	French	PDF
Micro model	31/12/2022	29/05/2023	28/08/2023	French	PDF
Micro model	31/12/2021	30/05/2022	19/08/2022	French	PDF
Micro model	31/12/2020	03/06/2021	24/08/2021	French	PDF
Micro model	31/12/2019	04/06/2020	19/06/2020	French	PDF
Micro model	31/12/2018	04/05/2019	19/08/2019	French	PDF
Micro model	31/12/2017	28/05/2018	22/08/2018	French	PDF
Micro model	31/12/2016	06/06/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	20/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	02/05/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	14/06/2014	06/08/2014	French	PDF
Abridged model	31/12/2012	18/05/2013	19/08/2013	French	PDF
Abridged model	31/12/2011	05/05/2012	02/07/2012	French	PDF
Abridged model	31/12/2010	07/05/2011	11/08/2011	French	PDF
Abridged model	31/12/2009	22/05/2010	22/06/2010	French	PDF
Abridged model	31/12/2008	02/05/2009	18/06/2009	French	PDF
Abridged model	31/12/2007	03/05/2008	07/05/2008	French	PDF
Abridged model	31/12/2006	16/05/2007	06/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 5 ended

Active mandates

PRIVATE LLOYD PATRIMONIA

Director · since 02 juillet 2025 · 0658.918.030

Represented by Grégory Sohier

Active

Ended mandates

DONE INVEST

Managing director · since 01 septembre 2021 · 0839.621.013

Represented by Olivier Reye

Ended

Dominique LIMAGE

Managing director

Ended

Dominique LIMAGE

Manager

Ended

DONE INVEST

Managing director · 0839.621.013

Represented by Olivier Reye

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates30/04/2024
DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
PDF
Mandates26/04/2024
DENOMINATION - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Registered office29/08/2022
SIEGE SOCIAL
PDF
Mandates08/11/2021
DEMISSIONS, NOMINATIONS
PDF
Capital / shares24/10/2005
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202576,6 k €↓
2023
Annual accounts 2023278 k €↑
2023
Name changeADAL
2022
Annual accounts 2022-33,6 k €↓
2022
Name changeGML
2021
Annual accounts 202124 k €↓
2021
Name changeGérances mandats Limage
2020
Annual accounts 202047,8 k €↑
2019
Annual accounts 201929,8 k €↑
2018
Annual accounts 201828,8 k €↓
2017
Annual accounts 201730,2 k €↑
2016
Annual accounts 201618,4 k €↓
2015
Annual accounts 201523 k €↑
2014
Annual accounts 201414,3 k €↑
2013
Annual accounts 201311,5 k €↑
2012
Annual accounts 20123,8 k €↓
2011
Annual accounts 201138,5 k €
16/06/1969
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ADAL

Overview

What does ADAL do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline