VOLUNTARY DISSOLUTION - LIQUIDATION

Adea

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Financial year 2025 · closed on 31/12/2025

Net result

140 k €

+140.6% YoY

Gross margin

23,5 k €

-47.3% YoY

Equity

640,5 k €

-21.9% YoY

Company — Voluntary dissolution - liquidation.

What does Adea do?

Adea is a Public limited company incorporated in 1959. Its registered office is in Esneux.

Legal situation

● Voluntary dissolution - liquidation

BCE/KBO no. / VAT

BE 0404.221.863

Incorporation

23/10/1959

Legal form

Public limited company

Registered office

Avister 21
4130 Esneux · WallonieSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	23,5 k €	-47.3%	44,6 k €	+98.2%	22,5 k €	+2051%	1 k €	-96.5%	30,2 k €	-70.5%	102,3 k €	+78.2%	57,4 k €	-53.1%	122,4 k €	-21.5%	155,9 k €	-23.7%	204,4 k €	-14.7%	239,8 k €	-1.1%	242,6 k €	-16.6%	290,9 k €	-20.4%	365,2 k €	-1.2%	369,7 k €	-2.8%	380,3 k €	+2.0%	372,7 k €	+15.9%	321,6 k €	+3.2%	311,8 k €	+4.9%	297,1 k €
EBITDA	23,5 k €	-45.7%	43,3 k €	+104%	21,3 k €	+2174%	-1 k €	-104%	28,3 k €	-71.8%	100,4 k €	+180%	35,8 k €	-70.1%	119,7 k €	-22.1%	153,8 k €	-21.6%	196,3 k €	-17.3%	237,4 k €	-1.1%	240 k €	-16.9%	288,8 k €	-20.4%	363 k €	+0.3%	362 k €	-3.7%	376,1 k €	+1.3%	371,2 k €	+16.0%	320,1 k €	+3.2%	310,2 k €	+5.2%	294,9 k €
Operating result	33,2 k €	-47.4%	63,1 k €	-26.1%	85,4 k €	+557%	13 k €	-86.2%	93,8 k €	+472%	16,4 k €	+149%	6,6 k €	-94.1%	111,8 k €	-21.5%	142,4 k €	-32.2%	210 k €	-2.5%	215,4 k €	+12.8%	190,9 k €	-26.2%	258,6 k €	-24.7%	343,3 k €	-9.3%	378,5 k €	+3.7%	364,9 k €	+2.8%	354,9 k €	+26.1%	281,5 k €	+1.0%	278,7 k €	+1.3%	275,2 k €
Net result	140 k €	+141%	58,2 k €	-9.5%	64,3 k €	+2373%	2,6 k €	-95.3%	55,8 k €	+3338%	-1,7 k €	+83.2%	-10,3 k €	-117%	59,7 k €	-31.8%	87,4 k €	-23.8%	114,7 k €	+34.4%	85,4 k €	-9.1%	93,9 k €	-35.7%	146,2 k €	-20.6%	184 k €	-7.4%	198,7 k €	-0.5%	199,7 k €	+13.9%	175,3 k €	+51.3%	115,9 k €	+1.8%	113,9 k €	-7.9%	123,6 k €
Balance sheet
Equity	640,5 k €	-21.9%	820,3 k €	-23.1%	1,1 M €	-9.0%	1,2 M €	+0.2%	1,2 M €	+5.0%	1,1 M €	-0.2%	1,1 M €	-0.9%	1,1 M €	+5.6%	1,1 M €	-46.3%	2 M €	+6.1%	1,9 M €	+4.8%	1,8 M €	+5.5%	1,7 M €	+1.1%	1,7 M €	+11.3%	1,5 M €	+13.2%	1,3 M €	+15.3%	1,2 M €	+15.2%	1 M €	+12.2%	891,5 k €	+13.4%	786,4 k €
Total assets	756,1 k €	-29.2%	1,1 M €	-33.5%	1,6 M €	-28.1%	2,2 M €	-1.4%	2,3 M €	-2.4%	2,3 M €	-5.3%	2,4 M €	-2.5%	2,5 M €	-28.6%	3,5 M €	-0.4%	3,5 M €	+0.5%	3,5 M €	+1.1%	3,5 M €	+0.4%	3,5 M €	-8.2%	3,8 M €	+3.0%	3,7 M €	+0.7%	3,6 M €	+5.5%	3,4 M €	+17.8%	2,9 M €	+1.1%	2,9 M €	+8.0%	2,7 M €
Cash	42,1 k €	+86.5%	22,6 k €	+114%	10,5 k €	-99.2%	1,3 M €	+39.0%	948,3 k €	+5.8%	896,7 k €	+13.3%	791,6 k €	+4.1%	760,3 k €	-24.1%	1 M €	+43.9%	695,9 k €	-24.6%	922,3 k €	+123%	413,7 k €	+22.6%	337,3 k €	+344%	76 k €	+65.8%	45,9 k €	-63.0%	123,8 k €	+133%	53,1 k €	+83.7%	28,9 k €	-50.1%	58 k €	-4.0%	60,4 k €
Debts	113,7 k €	-50.5%	229,9 k €	-54.8%	509 k €	-51.9%	1,1 M €	-2.6%	1,1 M €	-9.7%	1,2 M €	-9.5%	1,3 M €	-3.4%	1,4 M €	-43.5%	2,4 M €	+59.6%	1,5 M €	-6.1%	1,6 M €	-2.6%	1,7 M €	-4.5%	1,7 M €	-15.7%	2,1 M €	-2.7%	2,1 M €	-6.6%	2,3 M €	+0.5%	2,3 M €	+19.1%	1,9 M €	-3.9%	2 M €	+5.4%	1,9 M €

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 21 ended

Active mandates

Alain THIRY

Liquidator · since 14 avril 2023

Active

Ended mandates

Alain THIRY

Managing director · since 17 mai 2021 · until 14 mai 2027

Ended

Pascale THIRY-HARBY

Director · since 17 mai 2021 · until 14 mai 2027

Ended

Pierre THIRY

Director · since 17 mai 2021 · until 14 mai 2027

Ended

Alain THIRY

Managing director · since 14 mai 2021 · until 14 mai 2027

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/05/2026	07/08/2025	30/08/2024	13/04/2023	04/08/2022	04/08/2021
General meeting	14/05/2026	08/05/2025	28/04/2024	23/03/2023	23/05/2022	17/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	14/05/2026	31/05/2026	French	PDF
Micro model	31/12/2024	08/05/2025	07/08/2025	French	PDF
Micro model	31/12/2023	28/04/2024	30/08/2024	French	PDF
Micro model	31/12/2022	23/03/2023	13/04/2023	French	PDF
Micro model	31/12/2021	23/05/2022	04/08/2022	French	PDF
Micro model	31/12/2020	17/05/2021	04/08/2021	French	PDF
Micro model	31/12/2019	14/05/2020	31/08/2020	French	PDF
Micro model	31/12/2018	23/05/2019	27/06/2019	French	PDF
Micro model	31/12/2017	01/06/2018	07/08/2018	French	PDF
Micro model	31/12/2016	11/05/2017	20/06/2017	French	PDF
Abridged model	31/12/2015	12/05/2016	28/06/2016	French	PDF
Abridged model	31/12/2014	14/05/2015	16/06/2015	French	PDF
Abridged model	31/12/2013	08/05/2014	22/07/2014	French	PDF
Abridged model	31/12/2012	10/05/2013	13/05/2013	French	PDF
Abridged model	31/12/2011	10/05/2012	26/06/2012	French	PDF
Abridged model	31/12/2010	12/05/2011	14/06/2011	French	PDF
Abridged model	31/12/2009	14/05/2010	01/06/2010	French	PDF
Abridged model	31/12/2008	14/05/2009	15/05/2009	French	PDF
Abridged model	31/12/2007	08/05/2008	02/06/2008	French	PDF
Abridged model	31/12/2006	10/05/2007	18/06/2007	French	PDF

Estimate

Indicative valuation

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 31/12/2025 · 1 active · 21 ended

Active mandates

Alain THIRY

Liquidator · since 14 avril 2023

Active

Ended mandates

Alain THIRY

Managing director · since 17 mai 2021 · until 14 mai 2027

Ended

Pascale THIRY-HARBY

Director · since 17 mai 2021 · until 14 mai 2027

Ended

Pierre THIRY

Director · since 17 mai 2021 · until 14 mai 2027

Ended

Alain THIRY

Managing director · since 14 mai 2021 · until 14 mai 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/04/2023
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - DEMISSIONS, NOMINATIONS
PDF
Mandates09/09/2021
DEMISSIONS, NOMINATIONS
PDF
Capital / shares12/01/2018
CAPITAL, ACTIONS
PDF
Mandates09/07/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares02/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates17/01/2012
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates31/08/2010
DEMISSIONS, NOMINATIONS
PDF
Other14/02/2005
DIVERS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

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2025
Annual accounts 2025140 k €↑
2024
Annual accounts 202458,2 k €↓
2023
Annual accounts 202364,3 k €↑
2022
Annual accounts 20222,6 k €↓
2021
Annual accounts 202155,8 k €↑
2020
Annual accounts 2020-1,7 k €↑
2019
Annual accounts 2019-10,3 k €↓
2018
Annual accounts 201859,7 k €↓
2017
Annual accounts 201787,4 k €↓
2016
Annual accounts 2016114,7 k €↑
2015
Annual accounts 201585,4 k €↓
2014
Annual accounts 201493,9 k €↓
2013
Annual accounts 2013146,2 k €↓
2012
Annual accounts 2012184 k €↓
2011
Annual accounts 2011198,7 k €↓
2010
Annual accounts 2010199,7 k €↑
2009
Annual accounts 2009175,3 k €↑
2008
Annual accounts 2008115,9 k €↑
2007
Annual accounts 2007113,9 k €↓
2006
Annual accounts 2006123,6 k €
23/10/1959
IncorporationPublic 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

Adea

Overview

What does Adea do?

Trend over 20 financial years

Board of directors

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