ACTIVE

ADEC

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Financial year 2025 · closed on 31/12/2025

Net result

97,9 k €

-45.4% YoY

Gross margin

1,1 M €

+1.9% YoY

Equity

1 M €

+0.8% YoY

Workforce

10,8 ETP

+6.9% YoY

What does ADEC do?

ADEC is a Private limited company incorporated in 1975. Its registered office is in Aartselaar. It employs on average 10,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0414.817.926

Incorporation

28/01/1975

Legal form

Private limited company

Registered office

Boomsesteenweg 51
2630 Aartselaar · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

10,8 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	1,1 M €	+1.9%	1,1 M €	+22.1%	906,7 k €	-1.3%	919 k €	+45.8%	630,1 k €	-13.7%	730 k €	-7.8%	791,7 k €	+34.0%	590,7 k €	+16.5%	507,2 k €	-2.9%	522,3 k €	+13.2%	461,2 k €	-13.5%	533,2 k €	-3.9%	554,5 k €	-1.7%	563,9 k €	+9.9%	513,1 k €	-8.2%	558,9 k €	+50.2%	372,1 k €	+12.8%	329,8 k €	-1.8%	335,8 k €	-5.6%	355,8 k €
EBITDA	296,2 k €	+0.9%	293,5 k €	+49.0%	197 k €	-41.7%	337,9 k €	+168%	126,1 k €	-29.1%	177,9 k €	-32.7%	264,2 k €	+104%	129,4 k €	+30.2%	99,4 k €	+133%	42,6 k €	+3612%	1,1 k €	-96.2%	30,6 k €	-80.5%	157,2 k €	-7.6%	170 k €	-18.2%	208 k €	-17.9%	253,2 k €	+376%	53,2 k €	-45.6%	97,9 k €	-2.0%	99,8 k €	-13.7%	115,7 k €
Operating result	123,7 k €	-38.8%	202 k €	+610%	28,5 k €	-80.7%	147,4 k €	+669%	19,2 k €	-55.4%	43 k €	-64.1%	119,5 k €	+56.1%	76,5 k €	-8.5%	83,7 k €	+235%	25 k €	+250%	-16,7 k €	-540%	3,8 k €	-97.3%	138,6 k €	-11.0%	155,6 k €	-16.3%	185,9 k €	-6.6%	199 k €	+799%	22,1 k €	-50.4%	44,6 k €	-35.6%	69,3 k €	-26.5%	94,2 k €
Net result	97,9 k €	-45.4%	179,1 k €	+714%	22 k €	-79.5%	107,3 k €	+1659%	6,1 k €	-75.5%	24,9 k €	-76.2%	104,6 k €	+56.9%	66,7 k €	+15.8%	57,6 k €	+274%	15,4 k €	+172%	-21,5 k €	-290%	11,4 k €	-90.4%	118,2 k €	+12.9%	104,7 k €	+4.4%	100,3 k €	-35.0%	154,3 k €	+2086%	7,1 k €	-71.1%	24,4 k €	-42.1%	42,1 k €	+0.4%	41,9 k €
Balance sheet
Equity	1 M €	+0.8%	1 M €	+8.2%	961 k €	+2.3%	939 k €	+6.5%	881,7 k €	+0.7%	875,6 k €	+1.7%	860,7 k €	+6.8%	806,1 k €	+2.1%	789,4 k €	+1.0%	781,8 k €	+0.7%	776,4 k €	-7.0%	835 k €	+1.4%	823,6 k €	+1.4%	812,3 k €	+14.8%	707,6 k €	+16.5%	607,4 k €	+34.1%	453,1 k €	+1.6%	446 k €	+5.8%	421,6 k €	+11.1%	379,5 k €
Total assets	2,3 M €	+5.6%	2,2 M €	+38.7%	1,6 M €	-11.0%	1,8 M €	+32.4%	1,3 M €	-4.1%	1,4 M €	-4.7%	1,5 M €	+19.7%	1,2 M €	+6.7%	1,1 M €	+1.0%	1,1 M €	-2.8%	1,2 M €	-6.8%	1,3 M €	-5.4%	1,3 M €	+15.8%	1,1 M €	+15.5%	991,3 k €	+3.1%	961,5 k €	+31.3%	732,1 k €	-13.6%	847,5 k €	+11.9%	757,2 k €	-5.3%	799,5 k €
Cash	313,5 k €	-9.8%	347,6 k €	-22.1%	446,1 k €	+84.7%	241,6 k €	-7.1%	260,1 k €	-37.6%	416,7 k €	+56.5%	266,2 k €	+9.5%	243 k €	+48.8%	163,4 k €	+69.8%	96,2 k €	-3.1%	99,3 k €	-41.9%	170,9 k €	-32.7%	253,9 k €	-51.8%	526,7 k €	+112%	248 k €	-44.9%	450,3 k €	+13.9%	395,3 k €	+170%	146,7 k €	-33.4%	220,2 k €	+47.6%	149,2 k €
Debts	1,2 M €	+9.8%	1,1 M €	+82.4%	618,1 k €	-25.9%	834,3 k €	+82.4%	457,4 k €	-12.3%	521,5 k €	-10.3%	581,7 k €	+47.4%	394,6 k €	+10.1%	358,3 k €	+1.2%	354,2 k €	-9.8%	392,8 k €	-6.5%	419,9 k €	-16.4%	502,4 k €	+51.1%	332,6 k €	+17.2%	283,7 k €	-19.9%	354,1 k €	+37.9%	256,9 k €	-36.0%	401,5 k €	+19.6%	335,6 k €	-20.1%	420 k €
Other
Workforce	10,8 ETP	+6.9%	10,1 ETP	-8.2%	11,0 ETP	+12.2%	9,8 ETP	-5.8%	10,4 ETP	-10.3%	11,6 ETP	+8.4%	10,7 ETP	+12.6%	9,5 ETP	+9.2%	8,7 ETP	-11.2%	9,8 ETP	+8.9%	9,0 ETP	0.0%	9,0 ETP	+15.4%	7,8 ETP	-2.5%	8,0 ETP	+9.6%	7,3 ETP	+21.7%	6,0 ETP	-7.7%	6,5 ETP	+27.5%	5,1 ETP	-91.2%	58,0 ETP	+1108%	4,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 14 ended

Active mandates

MADEC

Director · since 13 janvier 2012 · 0842.694.428

Represented by Martijn Decuypere

Active

Ended mandates

MADEC

Director · since 13 janvier 2012 · 0842.694.428

Represented by Martijn Decuypere

Ended

MADEC

Director · since 13 janvier 2012 · 0842.694.428

Represented by Martijn Decuypere

Ended

MADEC

Administrator - manager · since 13 janvier 2012 · 0842.694.428

Represented by Martijn Decuypere

Ended

M. DECUYPERE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
VERLIE● Active	1011.987.835

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	20/05/2026	21/05/2025	05/06/2024	15/06/2023	26/07/2022	14/07/2021
General meeting	18/05/2026	19/05/2025	21/05/2024	15/05/2023	16/05/2022	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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/05/2026	20/05/2026	Dutch	PDF
Abridged model	31/12/2024	19/05/2025	21/05/2025	Dutch	PDF
Abridged model	31/12/2023	21/05/2024	05/06/2024	Dutch	PDF
Abridged model	31/12/2022	15/05/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	16/05/2022	26/07/2022	Dutch	PDF
Abridged model	31/12/2020	17/05/2021	14/07/2021	Dutch	PDF
Abridged model	31/12/2019	18/05/2020	23/07/2020	Dutch	PDF
Abridged model	31/12/2018	20/05/2019	26/06/2019	Dutch	PDF
Abridged model	31/12/2017	22/05/2018	12/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/05/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	18/05/2015	07/07/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	19/05/2014	25/09/2014	Dutch	PDF
Abridged model	31/12/2013	19/05/2014	19/07/2014	Dutch	PDF
Abridged model	31/12/2012	20/05/2013	11/07/2013	Dutch	PDF
Abridged model	31/12/2011	21/05/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	16/05/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	17/05/2010	02/10/2010	Dutch	PDF
Abridged model	31/12/2008	18/05/2009	16/07/2009	Dutch	PDF
Abridged model	31/12/2007	19/05/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	12/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 14 ended

Active mandates

MADEC

Director · since 13 janvier 2012 · 0842.694.428

Represented by Martijn Decuypere

Active

Ended mandates

MADEC

Director · since 13 janvier 2012 · 0842.694.428

Represented by Martijn Decuypere

Ended

MADEC

Director · since 13 janvier 2012 · 0842.694.428

Represented by Martijn Decuypere

Ended

MADEC

Administrator - manager · since 13 janvier 2012 · 0842.694.428

Represented by Martijn Decuypere

Ended

M. DECUYPERE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/09/2021
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2010
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/04/2004
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
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 202597,9 k €↓
2024
Annual accounts 2024179,1 k €↑
2023
Annual accounts 202322 k €↓
2022
Annual accounts 2022107,3 k €↑
2021
Annual accounts 20216,1 k €↓
2020
Annual accounts 202024,9 k €↓
2019
Annual accounts 2019104,6 k €↑
2018
Annual accounts 201866,7 k €↑
2017
Annual accounts 201757,6 k €↑
2016
Annual accounts 201615,4 k €↑
2015
Annual accounts 2015-21,5 k €↓
2014
Annual accounts 201411,4 k €↓
2013
Annual accounts 2013118,2 k €↑
2012
Annual accounts 2012104,7 k €↑
2011
Annual accounts 2011100,3 k €↓
2010
Annual accounts 2010154,3 k €↑
2009
Annual accounts 20097,1 k €↓
2008
Annual accounts 200824,4 k €↓
2007
Annual accounts 200742,1 k €↑
2006
Annual accounts 200641,9 k €
28/01/1975
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

ADEC

Overview

What does ADEC do?

Trend over 20 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