ACTIVE

S.A.D. MANAGEMENT

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Financial year 2025 · Closed on 31/12/2025

Net result505,1 k €+12,9 %over 1 year

Revenue3,1 M €+16,1 %over 1 year

Equity2,9 M €+15,1 %over 1 year

Workforce10,5 ETP+16,7 %over 1 year

Identity

Source · BCE/KBO

S.A.D. MANAGEMENT is a Public limited company incorporated in 1983. Its main activity is: Management consultancy activities. Its registered office is in Nivelles. It employs on average 10,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0425.087.751
Incorporation: 19/12/1983
Legal form: Public limited company
Registered office: Avenue Robert Schuman 181
1401 Nivelles · WallonieSee on map
Contributed capital: 1 820 000,00 €
Latest accounts: 31/12/2025
Average workforce: 10,5 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	3,1 M €	+16.1%	2,7 M €	+11.8%	2,4 M €	+35.6%	1,8 M €	+43.0%	1,2 M €
EBITDA	-137 k €	-192%	148,5 k €	-42.0%	255,9 k €	+32.8%	192,7 k €	+84.5%	104,5 k €
Operating result	-199,6 k €	-288%	105,9 k €	-55.3%	236,9 k €	+35.3%	175,1 k €	+201%	58,2 k €
Net result	505,1 k €	+12.9%	447,5 k €	+952%	42,6 k €	+115%	-289,1 k €	-308%	138,8 k €
Balance sheet
Equity	2,9 M €	+15.1%	2,5 M €	+9.8%	2,3 M €	-21.2%	2,9 M €	-8.9%	3,2 M €
Total assets	5,6 M €	+10.9%	5,1 M €	+30.0%	3,9 M €	+2.3%	3,8 M €	-2.8%	3,9 M €
Cash	90,9 k €	+38.5%	65,6 k €	-38.1%	106 k €	+42.5%	74,4 k €	+15.6%	64,3 k €
Debts	2,7 M €	+6.3%	2,5 M €	+59.7%	1,6 M €	+81.5%	873,1 k €	+26.1%	692,2 k €
Other
Workforce	10,5 ETP	+16.7%	9,0 ETP	+21.6%	7,4 ETP	+32.1%	5,6 ETP	+40.0%	4,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Michel Minet	Director10/06/2024 → 11/06/2029
FIPRO BETEILIGUNG0750.539.478Represented by Jérôme Segard	Director07/06/2022 → 11/06/2029
ENERGIDEA0775.306.152Represented by Christophe DELIGNE	Managing director02/02/2022 → 11/06/2029
Jean-Claude DELIGNE	Director07/06/2011 → 11/06/2029Chairman of the board of directors07/06/2011 → 2018 accountsendedManaging director07/06/2005 → 2011 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Michel LECLERCQ	Director30/07/2020 → 07/06/2022
Michel Lelclercq	Director30/07/2020 → 2020 accounts
Alain Maassen	Director06/06/2017 → 2020 accounts

Other companies at this address

Avenue Robert Schuman 181 1401 Nivelles

Company	CBE no.
Elecom● Active	0414.547.316
FIPRO BETEILIGUNG● Active	0750.539.478
Fonds Sadinter● Active	0766.255.062
SAD GROUP● Active	0635.917.944
SAD IMMO● Active	0414.939.571
SADINTER● Active	0422.268.021
SADINTER-SOGECOMEX● Active	0865.122.808
Sogelocim● Active	0417.077.729

Full financial information

Source · NBB

	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	11/06/2026	10/06/2025	13/06/2024	22/06/2023	14/06/2022	11/06/2021
General meeting	11/06/2026	05/06/2025	10/06/2024	22/06/2023	07/06/2022	01/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	11/06/2026	11/06/2026	French	PDF
Full model	31/12/2024	05/06/2025	10/06/2025	French	PDF
Full model	31/12/2023	10/06/2024	13/06/2024	French	PDF
Full model	31/12/2022	22/06/2023	22/06/2023	French	PDF
Full model	31/12/2021	07/06/2022	14/06/2022	French	PDF
Full model	31/12/2020	01/06/2021	11/06/2021	French	PDF
Full model	31/12/2019	30/07/2020	31/07/2020	French	PDF
Full model	31/12/2018	13/06/2019	05/08/2019	French	PDF
Abridged model	31/12/2017	05/06/2018	20/07/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	03/07/2017	French	PDF
Full model	31/12/2015	07/06/2016	28/09/2016	French	PDF
Full model	31/12/2014	02/06/2015	23/07/2015	French	PDF
Full model	31/12/2013	03/06/2014	26/08/2014	French	PDF
Full model	31/12/2012	04/06/2013	24/06/2013	French	PDF
Full model	31/12/2011	05/06/2012	22/06/2012	French	PDF
Abridged model	31/12/2010	07/06/2011	05/07/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	13/07/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	03/06/2009	French	PDF
Abridged model	31/12/2007	03/06/2008	09/06/2008	French	PDF
Abridged model	31/12/2006	05/06/2007	19/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Michel Minet	Director10/06/2024 → 11/06/2029
FIPRO BETEILIGUNG0750.539.478Represented by Jérôme Segard	Director07/06/2022 → 11/06/2029
ENERGIDEA0775.306.152Represented by Christophe DELIGNE	Managing director02/02/2022 → 11/06/2029
Jean-Claude DELIGNE	Director07/06/2011 → 11/06/2029Chairman of the board of directors07/06/2011 → 2018 accountsendedManaging director07/06/2005 → 2011 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Michel LECLERCQ	Director30/07/2020 → 07/06/2022
Michel Lelclercq	Director30/07/2020 → 2020 accounts
Alain Maassen	Director06/06/2017 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/07/2026
Nomination d'un administrateur et d'un administrateur délégué / Délégation
PDF
Mandates30/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates03/01/2024
DEMISSIONS, NOMINATIONS
PDF
Other11/10/2023
ASSEMBLEE GENERALE
PDF
Mandates26/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates14/07/2022
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

Michel Minet

FIPRO BETEILIGUNG

ENERGIDEA

Jean-Claude DELIGNE

Michel LECLERCQ

Michel Lelclercq

Jérôme SEGARD

Pierre SCHILL

Marie-France DELIGNE

Alain Maassen

Christophe DELIGNE

André DELIGNE

Show the other mandate

19831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

SAD MANAGEMENT S.A.

Avenue Robert Schuman 181, 1401 Baulers

Director

Managing director

DirectorChairman of the board of directorsManaging director

Director

Chairman of the board of directorsDirector

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Robert Schuman 181, 1401 BaulersCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00152861

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
S.A.D. MANAGEMENTCurrent		CBE
SAD MANAGEMENT S.A.	accounts 2022 → 2025	Accounts 2025 · 2026-00152861
S.A.D. MANAGEMENT	accounts 2021	Accounts 2021 · 2022-20060731

Events

2025
Annual accounts 2025505,1 k €↑
2024
Annual accounts 2024447,5 k €↑
2023
Annual accounts 202342,6 k €↑
2022
Annual accounts 2022-289,1 k €↓
2022
Name changeSAD MANAGEMENT S.A.
2021
Annual accounts 2021138,8 k €↑
2020
Annual accounts 202087,5 k €↑
2019
Annual accounts 2019-53,3 k €↓
2018
Annual accounts 2018-26,2 k €↓
2017
Annual accounts 2017187,9 k €↑
2016
Annual accounts 2016116,3 k €↓
2013
Annual accounts 2013436,5 k €↑
2012
Annual accounts 201229,1 k €↓
2011
Annual accounts 201192,2 k €↑
2010
Annual accounts 201055,8 k €↑
2009
Annual accounts 200948,2 k €↑
2008
Annual accounts 200846,1 k €↓
2007
Annual accounts 200770 k €↑
2006
Annual accounts 200640,6 k €
19/12/1983
IncorporationPublic limited company

S.A.D. MANAGEMENT

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events