ACTIVE

ADEMA

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Financial year 2025 · closed on 31/12/2025

Net result

11,7 k €

-58.0% YoY

Gross margin

123,3 k €

-12.5% YoY

Equity

169,1 k €

+5.6% YoY

What does ADEMA do?

ADEMA is a Private limited company incorporated in 1983. Its main activity is: Manufacture of wooden containers. Its registered office is in Nivelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.232.954

Incorporation

27/12/1983

Legal form

Private limited company

Registered office

Rue du Progrès 1 box 1
1400 Nivelles · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

16240Manufacture of wooden containers· main 16240Manufacture of wooden containers 20400Manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet preparations 72500Scientific research and development 95100Repair of computers and communication equipment 95110Repair of computers and peripheral equipment+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	123,3 k €	-12.5%	140,9 k €	+22.0%	115,5 k €	+12.2%	102,9 k €	-13.4%	118,9 k €	+61.6%	73,6 k €	-18.3%	90,1 k €	-13.4%	104 k €	-6.0%	110,6 k €	+2.1%	108,4 k €	-1.8%	110,4 k €	+34.0%	82,4 k €	-12.8%	94,5 k €	-12.6%	108,1 k €	+6.9%	101,1 k €	-43.3%	178,4 k €	-9.9%	198,1 k €	-14.1%	230,7 k €	+13.4%	203,5 k €	+3.2%	197,2 k €
EBITDA	34,1 k €	-30.7%	49,2 k €	+25.2%	39,3 k €	+33.5%	29,5 k €	-49.3%	58,1 k €	+856%	6,1 k €	-71.5%	21,4 k €	-35.9%	33,3 k €	+68.6%	19,8 k €	-31.0%	28,7 k €	-36.6%	45,2 k €	+94.8%	23,2 k €	-33.1%	34,7 k €	-1.1%	35,1 k €	-20.7%	44,2 k €	+16.5%	38 k €	+16.4%	32,6 k €	-26.2%	44,2 k €	+31.4%	33,7 k €	-0.9%	34 k €
Operating result	18,2 k €	-45.1%	33,1 k €	+39.2%	23,8 k €	+60.1%	14,8 k €	-68.0%	46,4 k €	+1881%	-2,6 k €	-137%	7 k €	-67.8%	21,6 k €	+265%	5,9 k €	-58.8%	14,4 k €	-46.9%	27,1 k €	+157%	10,6 k €	-37.8%	17 k €	-7.8%	18,4 k €	-34.4%	28,1 k €	+27.6%	22 k €	+91.4%	11,5 k €	-59.9%	28,7 k €	+68.8%	17 k €	-8.7%	18,6 k €
Net result	11,7 k €	-58.0%	27,7 k €	+60.4%	17,3 k €	+59.1%	10,9 k €	-63.9%	30,1 k €	+2189%	-1,4 k €	-145%	3,2 k €	-77.4%	14,3 k €	+101%	7,1 k €	-48.9%	13,9 k €	-39.1%	22,8 k €	+131%	9,9 k €	-27.6%	13,6 k €	-32.6%	20,2 k €	-35.2%	31,2 k €	+33.8%	23,3 k €	+84.9%	12,6 k €	-55.7%	28,5 k €	+49.8%	19 k €	+9.3%	17,4 k €
Balance sheet
Equity	169,1 k €	+5.6%	160,2 k €	-6.4%	171,1 k €	+11.2%	153,8 k €	+7.6%	143 k €	-2.5%	146,7 k €	-1.0%	148,1 k €	+2.2%	144,9 k €	-49.7%	288 k €	+0.0%	287,9 k €	-3.0%	297 k €	+3.2%	287,8 k €	+139%	120,4 k €	-60.7%	306,8 k €	+7.1%	286,6 k €	+12.2%	255,4 k €	-6.8%	274,1 k €	+4.8%	261,5 k €	+12.2%	233 k €	+8.9%	214 k €
Total assets	202,4 k €	-25.4%	271,3 k €	+13.3%	239,5 k €	+6.4%	225 k €	+9.5%	205,6 k €	+25.7%	163,6 k €	-6.7%	175,4 k €	-9.9%	194,8 k €	-41.8%	334,7 k €	-3.4%	346,4 k €	-6.3%	369,6 k €	+19.8%	308,5 k €	-8.8%	338,4 k €	+5.1%	322,1 k €	+3.4%	311,4 k €	-1.1%	314,7 k €	-5.1%	331,7 k €	+11.4%	297,9 k €	+9.9%	271,1 k €	+8.0%	251 k €
Cash	123,9 k €	-9.5%	136,9 k €	+42.1%	96,4 k €	-4.3%	100,7 k €	-14.6%	117,9 k €	+32.9%	88,7 k €	+4.7%	84,7 k €	+22.4%	69,2 k €	-5.9%	73,6 k €	+69.0%	43,5 k €	+524%	7 k €	-81.2%	37,1 k €	-49.4%	73,4 k €	+54.5%	47,5 k €	-49.1%	93,3 k €	-20.7%	117,6 k €	+0.8%	116,8 k €	+60.1%	72,9 k €	+29.7%	56,2 k €	+33.0%	42,3 k €
Debts	33,3 k €	-70.0%	111 k €	+62.4%	68,4 k €	-4.0%	71,2 k €	+13.7%	62,6 k €	+270%	16,9 k €	-38.0%	27,3 k €	-45.2%	49,9 k €	+6.9%	46,7 k €	-20.3%	58,5 k €	-19.4%	72,6 k €	+251%	20,7 k €	-90.5%	218 k €	+1329%	15,3 k €	-26.5%	20,8 k €	-65.0%	59,3 k €	+2.9%	57,6 k €	+58.5%	36,4 k €	-4.5%	38,1 k €	+2.8%	37 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		2,6 ETP	+4.0%	2,5 ETP	+13.6%	2,2 ETP	-8.3%	2,4 ETP	-7.7%	2,6 ETP	-3.7%	2,7 ETP	-18.2%	3,3 ETP	-28.3%	4,6 ETP	-8.0%	5,0 ETP	+8.7%	4,6 ETP	-8.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

RAMACOUR

Director · since 11 décembre 2025 · 1029.049.145

Represented by Etienne COURTIN

Active

Ended mandates

Muriel MASSART

Manager · since 01 janvier 2011

Ended

Andrée DESSART

Manager

Ended

MURIEL MASSART

Director

Ended

MURIEL MASSART

Managing director

Ended

At this address

Other companies at this address

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AUTO ALWAN● Active	0639.740.041
CARS-STORY● Active	1039.410.527
L CNDTEST● Active	0727.986.879

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	20/03/2026	02/06/2025	03/06/2024	26/03/2023	03/07/2022	11/05/2021
General meeting	11/02/2026	30/05/2025	31/05/2024	24/03/2023	30/06/2022	10/05/2021
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	11/02/2026	20/03/2026	French	PDF
Micro model	31/12/2024	30/05/2025	02/06/2025	French	PDF
Micro model	31/12/2023	31/05/2024	03/06/2024	French	PDF
Micro model	31/12/2022	24/03/2023	26/03/2023	French	PDF
Micro model	31/12/2021	30/06/2022	03/07/2022	French	PDF
Micro model	31/12/2020	10/05/2021	11/05/2021	French	PDF
Micro model	31/12/2019	19/06/2020	22/06/2020	French	PDF
Micro model	31/12/2018	13/06/2019	14/06/2019	French	PDF
Micro model	31/12/2017	20/05/2018	21/05/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	01/06/2017	French	PDF
Abridged model	31/12/2015	02/01/2016	06/05/2016	French	PDF
Abridged model	31/12/2014	28/05/2015	29/05/2015	French	PDF
Abridged model	31/12/2013	02/01/2014	10/06/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	28/05/2013	French	PDF
Abridged model	31/12/2011	03/05/2012	03/05/2012	French	PDF
Abridged model	31/12/2010	13/06/2011	13/06/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	12/05/2010	French	PDF
Abridged model	31/12/2008	24/03/2009	09/04/2009	French	PDF
Abridged model	31/12/2007	14/05/2008	14/05/2008	French	PDF
Abridged model	31/12/2006	30/04/2007	02/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 1 active · 5 ended

Active mandates

RAMACOUR

Director · since 11 décembre 2025 · 1029.049.145

Represented by Etienne COURTIN

Active

Ended mandates

Muriel MASSART

Manager · since 01 janvier 2011

Ended

Andrée DESSART

Manager

Ended

MURIEL MASSART

Director

Ended

MURIEL MASSART

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/02/2026
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates09/05/2023
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares28/02/2018
CAPITAL, ACTIONS
PDF
Registered office28/01/2014
SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS
PDF
Mandates15/02/2011
DEMISSIONS, NOMINATIONS
PDF
Capital / shares09/06/2004
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - 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 202511,7 k €↓
2024
Annual accounts 202427,7 k €↑
2023
Annual accounts 202317,3 k €↑
2022
Annual accounts 202210,9 k €↓
2021
Annual accounts 202130,1 k €↑
2020
Annual accounts 2020-1,4 k €↓
2019
Annual accounts 20193,2 k €↓
2018
Annual accounts 201814,3 k €↑
2017
Annual accounts 20177,1 k €↓
2016
Annual accounts 201613,9 k €↓
2015
Annual accounts 201522,8 k €↑
2014
Annual accounts 20149,9 k €↓
2013
Annual accounts 201313,6 k €↓
2012
Annual accounts 201220,2 k €↓
2011
Annual accounts 201131,2 k €↑
2010
Annual accounts 201023,3 k €↑
2009
Annual accounts 200912,6 k €↓
2008
Annual accounts 200828,5 k €↑
2007
Annual accounts 200719 k €↑
2006
Annual accounts 200617,4 k €
27/12/1983
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

ADEMA

Overview

What does ADEMA 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