ACTIVE

BELGIAN ADVANCED TECHNOLOGY SYSTEMS

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Financial year 2025 · closed on 31/12/2025

Net result

34,4 k €

-7.5% YoY

Revenue

8,7 M €

-52.9% YoY

Equity

1,2 M €

+3.0% YoY

Workforce

8,4 ETP

+5.0% YoY

What does BELGIAN ADVANCED TECHNOLOGY SYSTEMS do?

BELGIAN ADVANCED TECHNOLOGY SYSTEMS is a Public limited company incorporated in 1984. Its main activity is: Manufacture of electronic components. Its registered office is in Liège. It employs on average 8,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.492.865

Incorporation

12/09/1984

Legal form

Public limited company

Registered office

Allée des Noisetiers 8
4031 Liège · WallonieSee on map

Contributed capital

3 725 370,96 €

Latest accounts

31/12/2025

Average workforce

8,4 ETP

Activities (NACE)

26110Manufacture of electronic components· main 26110Manufacture of electronic components 26510Manufacture of instruments and appliances for measuring, testing and navigation 26510Manufacture of instruments and appliances for measuring, testing and navigation 32100Manufacture of jewellery, bijouterie and related articles 33201Installation of industrial machinery and equipment

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2007		2006
Income statement
Revenue	8,7 M €	-52.9%	18,5 M €	+6.3%	17,5 M €	-4.5%	18,3 M €	+526%	2,9 M €	+207%	951,4 k €	-90.4%	10 M €	-38.0%	16,1 M €	+102%	7,9 M €	-73.0%	29,5 M €	+503%	4,9 M €	+355%	1,1 M €	+35.3%	794,6 k €	-60.5%	2 M €	-37.5%	3,2 M €	+103%	1,6 M €	-50.3%	3,2 M €	-25.5%	4,3 M €
EBITDA	1,1 M €	+909%	-130,6 k €	-108%	1,6 M €	+338%	369,1 k €	+56.0%	236,5 k €	+22.4%	193,3 k €	+21.5%	159,1 k €	-34.8%	244,1 k €	+224%	-197,3 k €	+73.2%	-736,2 k €	-287%	394,4 k €	+55.4%	253,8 k €	+166%	-383,5 k €	-205%	363,7 k €	-58.4%	873,9 k €	+199%	-878,6 k €	-542%	198,6 k €	+32.1%	150,3 k €
Operating result	950,6 k €	+543%	-214,8 k €	-114%	1,5 M €	+423%	294 k €	+86.3%	157,9 k €	+33.3%	118,4 k €	+52.4%	77,7 k €	+39.6%	55,6 k €	+121%	-268,9 k €	+66.2%	-795,7 k €	-337%	335,5 k €	+447%	61,4 k €	+111%	-536,6 k €	-348%	216,8 k €	-69.9%	719,2 k €	+169%	-1 M €	-802%	147,6 k €	+6.4%	138,8 k €
Net result	34,4 k €	-7.5%	37,3 k €	-96.7%	1,1 M €		0 €		–		0 €		0 €	-100%	7,2 k €	+102%	-307,8 k €	+66.1%	-909 k €	-356%	354,6 k €	+277%	94 k €	+133%	-280,7 k €	-343%	115,4 k €	-82.6%	664,9 k €	+162%	-1,1 M €	-4049%	27 k €	-11.1%	30,4 k €
Balance sheet
Equity	1,2 M €	+3.0%	1,2 M €	+3.3%	1,1 M €	+9108%	12,3 k €	0.0%	12,3 k €	0.0%	12,3 k €	0.0%	12,3 k €	0.0%	12,3 k €	+144%	5 k €	-98.4%	312,8 k €	-74.4%	1,2 M €	+339%	278,1 k €	+51.0%	184,1 k €	-60.4%	464,8 k €	+33.0%	349,4 k €	+121%	-1,6 M €	-385%	570,9 k €	+5.0%	543,9 k €
Total assets	21,1 M €	-33.8%	32 M €	-21.2%	40,6 M €	+59.9%	25,4 M €	+192%	8,7 M €	+10.9%	7,8 M €	-17.5%	9,5 M €	-21.0%	12 M €	+37.7%	8,7 M €	-51.1%	17,8 M €	+53.4%	11,6 M €	+269%	3,2 M €	+104%	1,6 M €	-36.8%	2,5 M €	+15.7%	2,1 M €	+14.7%	1,8 M €	+6.5%	1,7 M €	-7.8%	1,9 M €
Cash	9,1 M €	-3.0%	9,4 M €	+157%	3,7 M €	+78.6%	2 M €	+156%	801 k €	-63.5%	2,2 M €	-2.5%	2,3 M €	+485%	384,9 k €	-78.3%	1,8 M €	+618%	246,5 k €	+186%	86,3 k €	-34.6%	132 k €	+8.8%	121,3 k €	+56.3%	77,6 k €	-48.6%	150,9 k €	+210%	48,7 k €	-73.2%	181,8 k €	-46.9%	342,3 k €
Debts	19 M €	-36.0%	29,8 M €	-23.8%	39 M €	+56.1%	25 M €	+196%	8,4 M €	+11.6%	7,6 M €	-19.2%	9,4 M €	-17.2%	11,3 M €	+33.6%	8,5 M €	-50.9%	17,2 M €	+66.8%	10,3 M €	+279%	2,7 M €	+108%	1,3 M €	-29.5%	1,9 M €	+13.1%	1,6 M €	-49.3%	3,2 M €	+178%	1,2 M €	+10.5%	1,1 M €
Other
Workforce	8,4 ETP	+5.0%	8,0 ETP	+3.9%	7,7 ETP	+10.0%	7,0 ETP	-11.4%	7,9 ETP	+3.9%	7,6 ETP	+13.4%	6,7 ETP	+6.3%	6,3 ETP	-12.5%	7,2 ETP	0.0%	7,2 ETP	+18.0%	6,1 ETP	0.0%	6,1 ETP	+5.2%	5,8 ETP	+3.6%	5,6 ETP	-20.0%	7,0 ETP	-15.7%	8,3 ETP	+5.1%	7,9 ETP	+5.3%	7,5 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 · 4 active · 32 ended

Active mandates

Adrian CIBOTARIU

Director · since 01 juillet 2025 · until 02 juin 2027

Active

Haim IDO

Director · since 01 juillet 2025 · until 02 juin 2027

Active

Frank ARNOLD

Managing director · since 06 mai 2024 · until 02 juin 2027

Active

Rémy NIZET

Director · since 06 mai 2024 · until 02 juin 2027

Active

Ended mandates

Esther SCHLENTER

Director · since 20 mars 2022 · until 30 avril 2024

Ended

Esther SCHLENTER

Director · since 20 mars 2022 · until 02 juin 2027

Ended

Doron Shaltiel ZAKAI

Director · since 02 juin 2021 · until 02 juin 2027

Ended

Irit Aliza LEVY

Director · since 02 juin 2021 · until 02 juin 2027

Ended

At this address

Other companies at this address

Company	CBE no.
EUROPEAN ADVANCED TECHNOLOGY● Active	0438.799.393

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	11/06/2026	05/06/2025	17/06/2024	24/08/2023	21/06/2022	23/06/2021
General meeting	03/06/2026	04/06/2025	05/06/2024	07/06/2023	01/06/2022	02/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	03/06/2026	11/06/2026	French	PDF
Full model	31/12/2024	04/06/2025	05/06/2025	French	PDF
Full model	31/12/2023	05/06/2024	17/06/2024	French	PDF
Full model	31/12/2022	07/06/2023	24/08/2023	French	PDF
Full model	31/12/2021	01/06/2022	21/06/2022	French	PDF
Full model	31/12/2020	02/06/2021	23/06/2021	French	PDF
Full model	31/12/2019	15/07/2020	22/07/2020	French	PDF
Full model	31/12/2018	26/06/2019	04/07/2019	French	PDF
Full model	31/12/2017	06/06/2018	20/06/2018	French	PDF
Full modelCorrection	31/12/2016	07/06/2017	15/11/2017	French	PDF
Full model	31/12/2016	07/06/2017	05/07/2017	French	PDF
Full model	31/12/2015	01/06/2016	15/06/2016	French	PDF
Full modelCorrection	31/12/2014	18/06/2015	01/09/2015	French	PDF
Full model	31/12/2014	18/06/2015	25/06/2015	French	PDF
Full model	31/12/2013	04/06/2014	16/06/2014	French	PDF
Full model	31/12/2012	05/06/2013	12/06/2013	French	PDF
Full model	31/12/2011	06/06/2012	20/06/2012	French	PDF
Full model	31/12/2010	01/06/2011	22/06/2011	French	PDF
Full model	31/12/2009	02/06/2010	28/07/2010	French	PDF
Full model	31/12/2008	03/06/2009	24/06/2009	French	PDF
Full model	31/12/2007	04/06/2008	15/07/2008	French	PDF
Full model	31/12/2006	06/06/2007	09/07/2007	French	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 · 4 active · 32 ended

Active mandates

Adrian CIBOTARIU

Director · since 01 juillet 2025 · until 02 juin 2027

Active

Haim IDO

Director · since 01 juillet 2025 · until 02 juin 2027

Active

Frank ARNOLD

Managing director · since 06 mai 2024 · until 02 juin 2027

Active

Rémy NIZET

Director · since 06 mai 2024 · until 02 juin 2027

Active

Ended mandates

Esther SCHLENTER

Director · since 20 mars 2022 · until 30 avril 2024

Ended

Esther SCHLENTER

Director · since 20 mars 2022 · until 02 juin 2027

Ended

Doron Shaltiel ZAKAI

Director · since 02 juin 2021 · until 02 juin 2027

Ended

Irit Aliza LEVY

Director · since 02 juin 2021 · until 02 juin 2027

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates04/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2024
DEMISSIONS, NOMINATIONS
PDF
Other02/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES
PDF
Mandates06/03/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates22/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates28/04/2022
DEMISSIONS, NOMINATIONS
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 202534,4 k €↓
2024
Annual accounts 202437,3 k €↓
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 20220 €↑
2021
Annual accounts 2021
2020
Annual accounts 20200 €↑
2019
Annual accounts 20190 €↓
2018
Annual accounts 20187,2 k €↑
2017
Annual accounts 2017-307,8 k €↑
2016
Annual accounts 2016-909 k €↓
2015
Annual accounts 2015354,6 k €↑
2014
Annual accounts 201494 k €↑
2013
Annual accounts 2013-280,7 k €↓
2012
Annual accounts 2012115,4 k €↓
2011
Annual accounts 2011664,9 k €↑
2010
Annual accounts 2010-1,1 M €↓
2007
Annual accounts 200727 k €↓
2006
Annual accounts 200630,4 k €
12/09/1984
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

BELGIAN ADVANCED TECHNOLOGY SYSTEMS

Overview

What does BELGIAN ADVANCED TECHNOLOGY SYSTEMS do?

Trend over 18 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