ACTIVE

ADF TIB

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

1,6 M €

+32.6% YoY

Revenue

22,8 M €

+8.2% YoY

Equity

670 k €

-85.1% YoY

Workforce

57,1 ETP

-3.4% YoY

What does ADF TIB do?

ADF TIB is a Public limited company incorporated in 1976. Its registered office is in Evergem. It employs on average 57,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.973.414

Incorporation

16/07/1976

Legal form

Public limited company

Registered office

Finlandstraat 17 box 2
9940 Evergem · FlandreSee on map

Contributed capital

600 000,00 €

Latest accounts

31/12/2025

Average workforce

57,1 ETP

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Revenue	22,8 M €	+8.2%	21,1 M €	-10.2%	23,4 M €	-3.0%	24,2 M €	+42.5%	17 M €	+25.8%	13,5 M €	+0.0%	13,5 M €	+3.1%	13,1 M €	+22.8%	10,7 M €	-26.5%	14,5 M €	+35.4%	10,7 M €	-56.5%	24,6 M €	+250%	7 M €	-47.3%	13,3 M €	+31.9%	10,1 M €	-44.5%	18,2 M €	+27.0%	14,4 M €	+22.9%	11,7 M €	+36.1%	8,6 M €
EBITDA	2,4 M €	+48.5%	1,6 M €	-0.9%	1,6 M €	+15.4%	1,4 M €	+48.6%	931,9 k €	+52.8%	609,9 k €	+216%	-526,4 k €	-406%	172,1 k €	-30.3%	246,7 k €	-80.8%	1,3 M €	+238%	380,7 k €	-12.2%	433,6 k €	+9.7%	395,2 k €	-54.2%	862,3 k €	+37.9%	625,4 k €	+132%	-1,9 M €	-358%	748,9 k €	+165%	282,6 k €	+145%	-623,7 k €
Operating result	2,1 M €	+55.5%	1,4 M €	-2.9%	1,4 M €	+12.3%	1,2 M €	+93.2%	641 k €	+72.8%	370,9 k €	+148%	-773 k €	-754%	-90,5 k €	-487%	23,4 k €	-97.8%	1 M €	+592%	150,4 k €	+7.2%	140,3 k €	+52.4%	92 k €	-84.3%	586,2 k €	+128%	257 k €	+111%	-2,2 M €	-543%	507,3 k €	+287%	131,1 k €	+41.1%	92,9 k €
Net result	1,6 M €	+32.6%	1,2 M €	+11.4%	1,1 M €	+24.9%	854,7 k €	+85.7%	460,3 k €	+28.7%	357,6 k €	+146%	-782,4 k €	-540%	-122,2 k €	-170%	-45,3 k €	-107%	671 k €	+414%	130,5 k €	-11.8%	148 k €	+24.7%	118,7 k €	-81.8%	650,8 k €	-83.9%	4 M €	+288%	-2,2 M €	-807%	304,1 k €	-45.4%	557 k €	+756%	65,1 k €
Balance sheet
Equity	670 k €	-85.1%	4,5 M €	+36.1%	3,3 M €	+47.9%	2,2 M €	+62.2%	1,4 M €	+50.3%	915 k €	+64.2%	557,4 k €	-58.4%	1,3 M €	-8.4%	1,5 M €	-3.0%	1,5 M €	-40.6%	2,5 M €	+5.4%	2,4 M €	+6.6%	2,3 M €	+5.5%	2,1 M €	-33.8%	3,2 M €	+498%	-813,2 k €	-144%	1,8 M €	+19.8%	1,5 M €	+57.0%	976,9 k €
Total assets	16,4 M €	+51.7%	10,8 M €	-30.9%	15,6 M €	-1.2%	15,8 M €	+13.6%	13,9 M €	+19.5%	11,7 M €	+68.1%	6,9 M €	-21.8%	8,9 M €	+16.8%	7,6 M €	-20.4%	9,5 M €	-21.1%	12,1 M €	+16.1%	10,4 M €	-59.2%	25,6 M €	+67.9%	15,2 M €	-10.0%	16,9 M €	+214%	5,4 M €	-53.0%	11,4 M €	+7.8%	10,6 M €	+56.9%	6,8 M €
Cash	4,6 M €	+455%	830,6 k €	+54.5%	537,5 k €	-92.2%	6,9 M €	+84.7%	3,7 M €	+15.5%	3,2 M €	+652%	430,9 k €	+9.0%	395,5 k €	+4.6%	378,2 k €	-90.4%	4 M €	+442%	730,7 k €	+583%	107 k €	-92.5%	1,4 M €	+1308%	101,9 k €	-66.3%	302,5 k €	-30.5%	435,5 k €	+152%	172,7 k €	-43.7%	306,8 k €	+880%	31,3 k €
Debts	15,7 M €	+149%	6,3 M €	-48.8%	12,3 M €	-9.2%	13,6 M €	+8.3%	12,6 M €	+17.7%	10,7 M €	+74.1%	6,1 M €	-18.4%	7,5 M €	+22.9%	6,1 M €	-23.8%	8 M €	-16.0%	9,5 M €	+19.2%	8 M €	-65.6%	23,3 M €	+78.3%	13,1 M €	-4.3%	13,6 M €	+120%	6,2 M €	-34.1%	9,4 M €	+6.0%	8,9 M €	+53.2%	5,8 M €
Other
Workforce	57,1 ETP	-3.4%	59,1 ETP	0.0%	59,1 ETP	+4.8%	56,4 ETP	-2.8%	58,0 ETP	-6.1%	61,8 ETP	-2.5%	63,4 ETP	+4.3%	60,8 ETP	-16.4%	72,7 ETP	+23.2%	59,0 ETP	-11.9%	67,0 ETP	+4.9%	63,9 ETP	+10.4%	57,9 ETP	-9.0%	63,6 ETP	+28.5%	49,5 ETP	+23.8%	40,0 ETP	-20.5%	50,3 ETP	+10.1%	45,7 ETP	+7.8%	42,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

ADF CROISSANCE BO

Director · since 17 juin 2022 · until 06 juin 2028 · 0832.197.642

Represented by Marc ELIAYAN

Active

GROUPE ADF BO

Managing director · since 17 juin 2022 · until 06 juin 2028 · 0832.190.714

Represented by Marc ELIAYAN

Active

Ended mandates

ADF Croissance

Director · since 07 juin 2016 · until 07 juin 2022

Represented by Marc Eliayan

Ended

ADF CROISSANCE

Director · since 07 juin 2016 · until 07 juin 2022 · 0832.197.642

Represented by Marc ELIAYAN

Ended

ADF CROISSANCE BO

Director · since 07 juin 2016 · until 17 juin 2022 · 0832.197.642

Represented by Marc ELIAYAN

Ended

Groupe ADF

Managing director · since 07 juin 2016 · until 07 juin 2022

Represented by Marc Eliayan

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	17/07/2026	02/10/2025	31/07/2024	07/07/2023	17/06/2022	23/12/2021
General meeting	17/07/2026	29/09/2025	22/07/2024	30/06/2023	17/06/2022	02/12/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	17/07/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	29/09/2025	02/10/2025	Dutch	PDF
Full model	31/12/2023	22/07/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	07/07/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	17/06/2022	Dutch	PDF
Full model	31/12/2020	02/12/2021	23/12/2021	Dutch	PDF
Full model	31/12/2019	08/09/2020	07/01/2021	Dutch	PDF
Full model	31/12/2018	04/06/2019	29/08/2019	Dutch	PDF
Full model	31/12/2017	05/06/2018	21/06/2018	Dutch	PDF
Full model	31/12/2016	06/06/2017	07/08/2017	Dutch	PDF
Full model	31/12/2015	07/06/2016	12/07/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	07/07/2015	Dutch	PDF
Full modelCorrection	31/12/2013	03/06/2014	21/04/2015	Dutch	PDF
Full model	31/12/2013	03/06/2014	23/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	05/08/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	29/08/2012	Dutch	PDF
Full model	30/09/2010	04/02/2011	07/02/2011	Dutch	PDF
Full model	31/12/2008	03/06/2009	25/06/2009	Dutch	PDF
Full model	31/12/2007	12/06/2008	27/08/2008	Dutch	PDF
Full model	31/12/2006	25/05/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 15 ended

Active mandates

ADF CROISSANCE BO

Director · since 17 juin 2022 · until 06 juin 2028 · 0832.197.642

Represented by Marc ELIAYAN

Active

GROUPE ADF BO

Managing director · since 17 juin 2022 · until 06 juin 2028 · 0832.190.714

Represented by Marc ELIAYAN

Active

Ended mandates

ADF Croissance

Director · since 07 juin 2016 · until 07 juin 2022

Represented by Marc Eliayan

Ended

ADF CROISSANCE

Director · since 07 juin 2016 · until 07 juin 2022 · 0832.197.642

Represented by Marc ELIAYAN

Ended

ADF CROISSANCE BO

Director · since 07 juin 2016 · until 17 juin 2022 · 0832.197.642

Represented by Marc ELIAYAN

Ended

Groupe ADF

Managing director · since 07 juin 2016 · until 07 juin 2022

Represented by Marc Eliayan

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/07/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring26/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates26/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2013
ONTSLAGEN - BENOEMINGEN
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 20251,6 M €↑
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022854,7 k €↑
2021
Annual accounts 2021460,3 k €↑
2020
Annual accounts 2020357,6 k €↑
2019
Annual accounts 2019-782,4 k €↓
2018
Annual accounts 2018-122,2 k €↓
2017
Annual accounts 2017-45,3 k €↓
2016
Annual accounts 2016671 k €↑
2015
Annual accounts 2015130,5 k €↓
2014
Annual accounts 2014148 k €↑
2013
Annual accounts 2013118,7 k €↓
2012
Annual accounts 2012650,8 k €↓
2011
Annual accounts 20114 M €↑
2010
Annual accounts 2010-2,2 M €↓
2008
Annual accounts 2008304,1 k €↓
2007
Annual accounts 2007557 k €↑
2006
Annual accounts 200665,1 k €
16/07/1976
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

ADF TIB

Overview

What does ADF TIB do?

Trend over 19 financial years

Indicative valuation

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