ACTIVE

ANDEL

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

-384,2 k €

+88.7% YoY

Equity

13,1 M €

-2.9% YoY

What does ANDEL do?

ANDEL is a Public limited company incorporated in 1987. Its registered office is in Rixensart.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.489.841

Incorporation

23/10/1987

Legal form

Public limited company

Registered office

Avenue Herbert Hoover 20
1332 Rixensart · WallonieSee on map

Contributed capital

20 917 055,68 €

Latest accounts

31/12/2024

Signals

Solid equity

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 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
EBITDA	-149,1 k €	-5.6%	-141,2 k €	+17.6%	-171,3 k €	-3.6%	-165,4 k €	-150%	-66,2 k €	+17.7%	-80,5 k €	+20.3%	-100,9 k €	-54.2%	-65,5 k €	-4.0%	-63 k €	+22.0%	-80,7 k €	-9.0%	-74,1 k €	+15.9%	-88,1 k €	+25.8%	-118,8 k €	-27.7%	-93 k €	-34.4%	-69,2 k €	+25.8%	-93,3 k €	+4.4%	-97,7 k €
Operating result	-149,1 k €	-5.6%	-141,2 k €	+17.6%	-171,3 k €	-3.6%	-165,4 k €	-150%	-66,2 k €	+17.7%	-80,5 k €	+20.3%	-100,9 k €	-54.2%	-65,5 k €	-4.0%	-63 k €	+22.0%	-80,7 k €	-9.0%	-74,1 k €	+15.9%	-88,1 k €	+25.8%	-118,8 k €	-27.7%	-93 k €	-34.4%	-69,2 k €	+25.8%	-93,3 k €	+4.4%	-97,7 k €
Net result	-384,2 k €	+88.7%	-3,4 M €	-455%	-613,9 k €	-5.1%	-584,3 k €	-111%	-277,5 k €	-34.2%	-206,8 k €	+18.6%	-254 k €	+15.0%	-299 k €	-23.6%	-241,9 k €	-26.7%	-190,9 k €	+13.3%	-220,1 k €	+25.1%	-293,9 k €	-49.0%	-197,3 k €	+63.7%	-543,3 k €	-278%	-143,9 k €	+94.9%	-2,8 M €	-3388%	86,5 k €
Balance sheet
Equity	13,1 M €	-2.9%	13,5 M €	-20.2%	16,9 M €	+12.6%	15 M €	-3.8%	15,6 M €	+37.2%	11,3 M €	-1.8%	11,5 M €	-2.2%	11,8 M €	-2.5%	12,1 M €	-2.0%	12,3 M €	-1.5%	12,5 M €	-1.7%	12,8 M €	-2.3%	13 M €	-1.5%	13,2 M €	-3.9%	13,8 M €	-1.0%	13,9 M €	-7.4%	15 M €
Total assets	23,1 M €	-1.8%	23,5 M €	-11.7%	26,6 M €	+7.0%	24,9 M €	-13.5%	28,7 M €	+44.9%	19,8 M €	-0.8%	20 M €	-0.1%	20 M €	-0.5%	20,1 M €	+4.4%	19,3 M €	+4.3%	18,5 M €	-2.4%	18,9 M €	-0.5%	19 M €	+5.6%	18 M €	+0.0%	18 M €	-1.9%	18,3 M €	-8.1%	20 M €
Cash	1,4 M €	+370%	298,8 k €	+621%	41,4 k €	+81.0%	22,9 k €	-99.7%	7,1 M €	+130914%	5,4 k €	+14.0%	4,7 k €	-90.1%	47,8 k €	+181%	17 k €	+411%	3,3 k €	-10.4%	3,7 k €	-23.6%	4,9 k €	+29.1%	3,8 k €	-78.4%	17,4 k €	+439%	3,2 k €	-68.3%	10,2 k €	-6.7%	10,9 k €
Debts	9,9 M €	-0.1%	9,9 M €	+2.9%	9,7 M €	-1.7%	9,8 M €	-25.2%	13,1 M €	+54.8%	8,5 M €	+0.9%	8,4 M €	+2.7%	8,2 M €	+2.6%	8 M €	+16.1%	6,9 M €	+16.7%	5,9 M €	-2.6%	6 M €	+2.6%	5,9 M €	+24.9%	4,7 M €	+13.2%	4,2 M €	-5.3%	4,4 M €	-9.7%	4,9 M €

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 31/12/2024 · 14 active · 98 ended

Active mandates

Adeline SIMONT

Director · since 31 mai 2023 · until 27 mai 2026

Active

Alain PRIGOGINE

Director · since 31 mai 2023 · until 27 mai 2026

Active

Alexia MARTIN

Director · since 31 mai 2023 · until 27 mai 2026

Active

Anthony R. MARTIN

Director · since 31 mai 2023 · until 27 mai 2026

Active

GOSTART

Chairman of the board of directors · since 31 mai 2023 · until 27 mai 2026 · 0841.689.784

Represented by Christian DE GOUSSENCOURT

Active

HOLMAR

Director · since 31 mai 2023 · until 27 mai 2026 · 0444.374.717

Represented by Nicolas LEMAIRE

Active

Jacques MUZARD

Director · since 31 mai 2023 · until 27 mai 2026

Active

John C. MARTIN

Managing director · since 31 mai 2023 · until 27 mai 2026

Active

JOHN MARTIN

Director · since 31 mai 2023 · until 27 mai 2026 · 0429.062.573

Represented by Frédéric ADRIAENS

Active

NOLICIS ENTERPRISE

Director · since 31 mai 2023 · until 27 mai 2026 · 0879.062.203

Represented by Francis PENNEQUIN

Active

RE INVEST

Director · since 31 mai 2023 · until 27 mai 2026 · 0436.020.344

Represented by Brigitte GOUDER DE BEAUREGARD

Active

SPARAXIS

Director · since 31 mai 2023 · until 27 mai 2026 · 0452.116.307

Represented by Isabelle DEVOS

Active

VANDER PUTTEN PHILIPPE

Director · since 31 mai 2023 · until 27 mai 2026 · 0478.345.897

Represented by Philippe VANDER PUTTEN

Active

WENMAR

Director · since 31 mai 2023 · until 27 mai 2026 · 0795.246.382

Represented by Jonathan MARTIN

Active

Ended mandates

VANDER PUTTEN PHILIPPE

Director · since 28 septembre 2022 · until 31 mai 2023 · 0478.345.897

Represented by Philippe VANDER PUTTEN

Ended

RE INVEST

Director · since 26 mai 2021 · until 31 mai 2023 · 0436.020.344

Represented by Brigitte GOUDER DE BEAUREGARD

Ended

Adeline SIMONT

Director · since 27 mai 2020 · until 31 mai 2023

Ended

Alain PRIGOGINE

Director · since 27 mai 2020 · until 31 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
GEN IMMO● Active	0795.504.126
KNK● Active	0472.170.561
MARTIN'S BRUGGE● Active	0422.656.912
OPTIMMO● Active	0437.226.906
VALIMMO● Active	0452.169.755

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2025	20/06/2024	28/06/2023	10/06/2022	14/06/2021	17/06/2020
General meeting	28/05/2025	29/05/2024	31/05/2023	25/05/2022	26/05/2021	27/05/2020
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

36 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	28/05/2025	03/07/2025	French	PDF
m120-f-p	31/12/2024	28/05/2025	03/07/2025	French	PDF
Full model	31/12/2023	29/05/2024	20/06/2024	French	PDF
m120-f-p	31/12/2023	29/05/2024	20/06/2024	French	PDF
Full model	31/12/2022	31/05/2023	28/06/2023	French	PDF
m120-f-p	31/12/2022	31/05/2023	28/06/2023	French	PDF
Full model	31/12/2021	25/05/2022	10/06/2022	French	PDF
m120-f-p	31/12/2021	25/05/2022	10/06/2022	French	PDF
Full model	31/12/2020	26/05/2021	14/06/2021	French	PDF
m120-f-p	31/12/2020	26/05/2021	14/06/2021	French	PDF
Full model	31/12/2019	27/05/2020	17/06/2020	French	PDF
m120-f-p	31/12/2019	27/05/2020	17/06/2020	French	PDF
Full model	31/12/2018	29/05/2019	27/06/2019	French	PDF
m120-f-p	31/12/2018	29/05/2019	27/06/2019	French	PDF
Full model	31/12/2017	30/05/2018	26/06/2018	French	PDF
m120-f-p	31/12/2017	30/05/2018	26/06/2018	French	PDF
Full model	31/12/2016	31/05/2017	29/06/2017	French	PDF
m120-f-p	31/12/2016	31/05/2017	04/07/2017	French	PDF
Full model	31/12/2015	25/05/2016	04/07/2016	French	PDF
m120-f-p	31/12/2015	25/05/2016	30/06/2016	French	PDF
Full model	31/12/2014	27/05/2015	29/06/2015	French	PDF
m120-f-p	31/12/2014	27/05/2015	30/06/2015	French	PDF
Full model	31/12/2013	28/05/2014	30/06/2014	French	PDF
m120-f-p	31/12/2013	28/05/2014	30/06/2014	French	PDF

View all 36 filings

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 31/12/2024 · 14 active · 98 ended

Active mandates

Adeline SIMONT

Director · since 31 mai 2023 · until 27 mai 2026

Active

Alain PRIGOGINE

Director · since 31 mai 2023 · until 27 mai 2026

Active

Alexia MARTIN

Director · since 31 mai 2023 · until 27 mai 2026

Active

Anthony R. MARTIN

Director · since 31 mai 2023 · until 27 mai 2026

Active

GOSTART

Chairman of the board of directors · since 31 mai 2023 · until 27 mai 2026 · 0841.689.784

Represented by Christian DE GOUSSENCOURT

Active

HOLMAR

Director · since 31 mai 2023 · until 27 mai 2026 · 0444.374.717

Represented by Nicolas LEMAIRE

Active

Jacques MUZARD

Director · since 31 mai 2023 · until 27 mai 2026

Active

John C. MARTIN

Managing director · since 31 mai 2023 · until 27 mai 2026

Active

JOHN MARTIN

Director · since 31 mai 2023 · until 27 mai 2026 · 0429.062.573

Represented by Frédéric ADRIAENS

Active

NOLICIS ENTERPRISE

Director · since 31 mai 2023 · until 27 mai 2026 · 0879.062.203

Represented by Francis PENNEQUIN

Active

RE INVEST

Director · since 31 mai 2023 · until 27 mai 2026 · 0436.020.344

Represented by Brigitte GOUDER DE BEAUREGARD

Active

SPARAXIS

Director · since 31 mai 2023 · until 27 mai 2026 · 0452.116.307

Represented by Isabelle DEVOS

Active

VANDER PUTTEN PHILIPPE

Director · since 31 mai 2023 · until 27 mai 2026 · 0478.345.897

Represented by Philippe VANDER PUTTEN

Active

WENMAR

Director · since 31 mai 2023 · until 27 mai 2026 · 0795.246.382

Represented by Jonathan MARTIN

Active

Ended mandates

VANDER PUTTEN PHILIPPE

Director · since 28 septembre 2022 · until 31 mai 2023 · 0478.345.897

Represented by Philippe VANDER PUTTEN

Ended

RE INVEST

Director · since 26 mai 2021 · until 31 mai 2023 · 0436.020.344

Represented by Brigitte GOUDER DE BEAUREGARD

Ended

Adeline SIMONT

Director · since 27 mai 2020 · until 31 mai 2023

Ended

Alain PRIGOGINE

Director · since 27 mai 2020 · until 31 mai 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/09/2026
Démission - Cooptation
PDF
Mandates16/09/2026
Démission - cooptation
PDF
Mandates16/09/2026
Démission - Nominations
PDF
Mandates01/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates17/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates29/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates28/11/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares27/07/2022
CAPITAL, ACTIONS
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

2024
Annual accounts 2024-384,2 k €↑
2023
Annual accounts 2023-3,4 M €↓
2022
Annual accounts 2022-613,9 k €↓
2021
Annual accounts 2021-584,3 k €↓
2020
Annual accounts 2020-277,5 k €↓
2019
Annual accounts 2019-206,8 k €↑
2018
Annual accounts 2018-254 k €↑
2017
Annual accounts 2017-299 k €↓
2016
Annual accounts 2016-241,9 k €↓
2015
Annual accounts 2015-190,9 k €↑
2014
Annual accounts 2014-220,1 k €↑
2013
Annual accounts 2013-293,9 k €↓
2012
Annual accounts 2012-197,3 k €↑
2011
Annual accounts 2011-543,3 k €↓
2010
Annual accounts 2010-143,9 k €↑
2009
Annual accounts 2009-2,8 M €↓
2008
Annual accounts 200886,5 k €
23/10/1987
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

ANDEL

Overview

What does ANDEL do?

Trend over 17 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