ACTIVE

ADAMAS INTERNATIONAL

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Financial year 2025 · closed on 31/12/2025

Net result

293,3 k €

+149.1% YoY

Gross margin

604,5 k €

+5.0% YoY

Equity

10,8 M €

+2.8% YoY

What does ADAMAS INTERNATIONAL do?

ADAMAS INTERNATIONAL is a Public limited company incorporated in 1988. Its main activity is: Wholesale of clothing and footwear. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.297.614

Incorporation

08/02/1988

Legal form

Public limited company

Registered office

Avenue Orban 173
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

9 670 300,00 €

Latest accounts

31/12/2025

Activities (NACE)

46423Wholesale of clothing and footwear· main 46423Wholesale of clothing and footwear 51421Air transport 47716Retail sale of clothing in specialised stores 47716Retail sale of clothing in specialised stores 52421Warehousing and support activities for transportation

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	604,5 k €	+5.0%	575,9 k €	+6.7%	539,7 k €	+10.4%	489 k €	+10.1%	444,2 k €	+17.1%	379,4 k €	-15.7%	449,9 k €	+49.0%	302 k €	+3.4%	292 k €	+2.6%	284,6 k €	+554%	-62,7 k €	-127%	229,1 k €	+9.9%	208,5 k €	+1.0%	206,4 k €	-17.2%	249,3 k €	+2.3%	243,7 k €	+14.5%	212,8 k €	-17.0%	256,5 k €	-0.3%	257,4 k €	-32.7%	382,5 k €
EBITDA	569,7 k €	+4.2%	547 k €	+6.9%	511,6 k €	+11.6%	458,3 k €	+10.6%	414,5 k €	+16.6%	355,5 k €	-16.8%	427,5 k €	+54.0%	277,5 k €	+3.2%	268,8 k €	-30.8%	388,2 k €	+91.3%	202,9 k €	+557%	30,9 k €	+302%	-15,3 k €	-111%	136 k €	-40.7%	229,4 k €	+2.7%	223,5 k €	+18.2%	189 k €	-19.7%	235,2 k €	+0.7%	233,5 k €	-30.3%	335,3 k €
Operating result	212,8 k €	+11.6%	190,8 k €	+13.8%	167,7 k €	+30.2%	128,8 k €	+53.4%	84 k €	+226%	25,8 k €	-80.3%	130,6 k €	+74.0%	75 k €	-13.7%	87 k €	-57.9%	206,8 k €	+172%	-287,1 k €	-66.0%	-172,9 k €	-37.8%	-125,5 k €	-349%	50,4 k €	-48.5%	97,8 k €	+73.1%	56,5 k €	+163%	21,5 k €	-47.2%	40,7 k €	+4.8%	38,8 k €	-67.4%	119,3 k €
Net result	293,3 k €	+149%	117,8 k €	-19.6%	146,5 k €	+34.1%	109,2 k €	+31.3%	83,2 k €	+231%	25,1 k €	-80.8%	131 k €	+82.8%	71,7 k €	+5157%	1,4 k €	-99.1%	159,4 k €	+68.8%	94,4 k €	+137%	-255,9 k €	-297%	-64,4 k €	-286%	34,7 k €	-27.0%	47,6 k €	-12.4%	54,3 k €	-78.4%	251,2 k €	+2586%	9,4 k €	+153%	-17,6 k €	+96.1%	-448,2 k €
Balance sheet
Equity	10,8 M €	+2.8%	10,5 M €	+1.1%	10,4 M €	+1.4%	10,2 M €	+1.0%	10,1 M €	+0.3%	10,1 M €	+0.2%	10,1 M €	+1.3%	9,9 M €	+42.3%	7 M €	+0.0%	7 M €	+1494%	437,6 k €	+27.5%	343,2 k €	-42.7%	599,1 k €	-9.7%	663,5 k €	+5.5%	628,8 k €	+8.2%	581,2 k €	+10.3%	526,9 k €	+5.3%	500,3 k €	+1.9%	491 k €	-3.5%	508,6 k €
Total assets	12,4 M €	+0.3%	12,4 M €	+18.5%	10,4 M €	+1.5%	10,3 M €	+0.8%	10,2 M €	+0.6%	10,1 M €	+0.5%	10,1 M €	+1.4%	9,9 M €	+40.2%	7,1 M €	-4.2%	7,4 M €	+276%	2 M €	-61.5%	5,1 M €	+410%	1 M €	+2.3%	980,3 k €	+7.5%	911,9 k €	-6.2%	972,1 k €	-14.8%	1,1 M €	-3.7%	1,2 M €	-13.8%	1,4 M €	-13.2%	1,6 M €
Cash	76,3 k €	-77.8%	344,2 k €	+36.5%	252,2 k €	-46.7%	472,8 k €	+296%	119,4 k €	-83.2%	709,5 k €	-0.0%	709,8 k €	+226%	217,6 k €	+13.9%	191,1 k €	-69.0%	615,8 k €	+3281%	18,2 k €	+103%	9 k €	-48.9%	17,6 k €	+158%	6,8 k €	-70.8%	23,5 k €	+421%	4,5 k €	+104%	2,2 k €	-84.7%	14,5 k €	-24.9%	19,2 k €	+51.9%	12,7 k €
Debts	1,6 M €	-14.0%	1,9 M €	+4971%	36,6 k €	-21.9%	46,9 k €	-28.0%	65,2 k €	+112%	30,7 k €	+81.1%	16,9 k €	+27.8%	13,2 k €	-87.0%	102 k €	-75.6%	418,2 k €	-72.7%	1,5 M €	-64.8%	4,3 M €	+2824%	148,6 k €	-4.4%	155,4 k €	-12.3%	177,3 k €	-36.4%	278,6 k €	-43.1%	489,4 k €	-28.6%	685,2 k €	-22.5%	883,7 k €	-15.6%	1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 3 ended

Active mandates

Alexandre PIRSON

Director

Active

Camille PIRSON

Director

Active

JEAN-PIERRE PIRSON

Managing director

Active

PIRCOOL

administrateur · 0785.479.373

Represented by Jean-Pierre Pirson

Active

Ended mandates

ALEXANDRE PIRSON

Mandate

Ended

PIRCOOL

Director · 0785.479.373

Ended

VINCENT PIRSON

Director

Ended

At this address

Other companies at this address

Company	CBE no.
JPPIRSON● Active	0839.874.005

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	28/08/2026	26/09/2025	30/08/2024	31/08/2023	25/07/2022	04/06/2021
General meeting	30/06/2026	05/05/2025	06/05/2024	30/06/2023	02/05/2022	03/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	28/08/2026	French	PDF
Micro model	31/12/2024	05/05/2025	26/09/2025	French	PDF
Micro model	31/12/2023	06/05/2024	30/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	31/08/2023	French	PDF
Micro model	31/12/2021	02/05/2022	25/07/2022	French	PDF
Micro model	31/12/2020	03/05/2021	04/06/2021	French	PDF
Micro model	31/12/2019	04/05/2020	30/07/2020	French	PDF
Micro model	31/12/2018	30/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	30/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	22/09/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	28/08/2015	French	PDF
Abridged modelCorrection	31/12/2013	30/06/2014	02/10/2014	French	PDF
Abridged model	31/12/2013	30/06/2014	30/07/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	06/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	28/07/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	26/08/2008	French	PDF
Abridged model	31/12/2006	27/06/2007	20/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 3 ended

Active mandates

Alexandre PIRSON

Director

Active

Camille PIRSON

Director

Active

JEAN-PIERRE PIRSON

Managing director

Active

PIRCOOL

administrateur · 0785.479.373

Represented by Jean-Pierre Pirson

Active

Ended mandates

ALEXANDRE PIRSON

Mandate

Ended

PIRCOOL

Director · 0785.479.373

Ended

VINCENT PIRSON

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares04/12/2018
CAPITAL, ACTIONS
PDF
Mandates14/05/2018
DEMISSIONS, NOMINATIONS
PDF
Capital / shares23/02/2016
CAPITAL, ACTIONS
PDF
Mandates30/10/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates29/09/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2010
DEMISSIONS, NOMINATIONS
PDF
Registered office04/05/2009
Transfert Siege Social
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 2025293,3 k €↑
2024
Annual accounts 2024117,8 k €↓
2023
Annual accounts 2023146,5 k €↑
2022
Annual accounts 2022109,2 k €↑
2021
Annual accounts 202183,2 k €↑
2020
Annual accounts 202025,1 k €↓
2019
Annual accounts 2019131 k €↑
2018
Annual accounts 201871,7 k €↑
2017
Annual accounts 20171,4 k €↓
2016
Annual accounts 2016159,4 k €↑
2015
Annual accounts 201594,4 k €↑
2014
Annual accounts 2014-255,9 k €↓
2013
Annual accounts 2013-64,4 k €↓
2012
Annual accounts 201234,7 k €↓
2011
Annual accounts 201147,6 k €↓
2010
Annual accounts 201054,3 k €↓
2009
Annual accounts 2009251,2 k €↑
2008
Annual accounts 20089,4 k €↑
2007
Annual accounts 2007-17,6 k €↑
2006
Annual accounts 2006-448,2 k €
08/02/1988
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

ADAMAS INTERNATIONAL

Overview

What does ADAMAS INTERNATIONAL 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