ACTIVE

4 A D

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Financial year 2025 · closed on 31/12/2025

Net result

-50,2 k €

-225.4% YoY

Gross margin

545,7 k €

-5.8% YoY

Equity

551,1 k €

-15.6% YoY

Workforce

6,2 ETP

-10.1% YoY

What does 4 A D do?

4 A D is a Non-profit organization incorporated in 1988. Its registered office is in Diksmuide. It employs on average 6,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.573.370

Incorporation

10/03/1988

Legal form

Non-profit organization

Registered office

Kleine Dijk(D) 57
8600 Diksmuide · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

6,2 ETP

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	545,7 k €	-5.8%	579 k €	-0.9%	584,2 k €	+37.8%	424,1 k €	-3.3%	438,7 k €	+10.5%	397,1 k €	-4.2%	414,7 k €	-21.2%	526,4 k €	-3.9%	547,8 k €	+34.2%	408,2 k €	-6.4%	436,1 k €	-4.8%	458,3 k €	-2.1%	467,9 k €	+11.8%	418,7 k €	-0.5%	420,8 k €	+15.2%	365,1 k €	-0.4%	366,5 k €	+22.1%	300,2 k €	+7.6%	279 k €
EBITDA	58,3 k €	-54.3%	127,4 k €	-23.4%	166,3 k €	+257%	46,6 k €	-49.4%	92 k €	+19.9%	76,7 k €	+76.4%	43,5 k €	-55.8%	98,3 k €	-33.7%	148,2 k €	+155%	58,1 k €	-11.7%	65,7 k €	+2.1%	64,4 k €	-26.3%	87,4 k €	+64.6%	53,1 k €	-19.2%	65,8 k €	+52.5%	43,1 k €	-12.1%	49 k €	+42.2%	34,5 k €	-23.5%	45,1 k €
Operating result	-50,2 k €	-222%	41,1 k €	-59.4%	101,4 k €	+572%	-21,5 k €	-164%	33,7 k €	+169%	12,5 k €	-6.1%	13,3 k €	-78.7%	62,7 k €	-46.2%	116,7 k €	+438%	21,7 k €	-15.3%	25,6 k €	+339%	5,8 k €	-78.6%	27,2 k €	+1206%	-2,5 k €	-127%	9,1 k €	+137%	-24,8 k €	-1.5%	-24,4 k €	+57.6%	-57,7 k €	+6.2%	-61,5 k €
Net result	-50,2 k €	-225%	40,1 k €	-59.6%	99,2 k €	+525%	-23,3 k €	-173%	31,8 k €	+204%	10,4 k €	+3.5%	10,1 k €	-83.0%	59,3 k €	-47.6%	113,1 k €	+569%	16,9 k €	-22.7%	21,9 k €	+1152%	-2,1 k €	-111%	18,9 k €	+268%	-11,3 k €	-1697%	705,9 €	-92.1%	9 k €	-28.5%	12,6 k €	+202%	-12,3 k €	-428%	3,7 k €
Balance sheet
Equity	551,1 k €	-15.6%	652,9 k €	+2.3%	638,4 k €	+9.4%	583,7 k €	-6.5%	624,4 k €	+2.2%	610,9 k €	+26.5%	482,9 k €	-2.4%	494,6 k €	+8.2%	457 k €	+25.0%	365,5 k €	-1.1%	369,4 k €	+0.3%	368,5 k €	-8.0%	400,4 k €	-3.0%	412,9 k €	-10.6%	462 k €	-6.8%	495,9 k €	-6.6%	531,1 k €	-6.1%	565,7 k €	-10.7%	633,8 k €
Total assets	680,5 k €	-13.4%	786,1 k €	+0.2%	784,5 k €	+7.7%	728,4 k €	-3.7%	756,3 k €	-2.8%	777,8 k €	+2.9%	755,6 k €	-2.4%	774,3 k €	+20.0%	645,1 k €	+10.2%	585,4 k €	-3.4%	605,9 k €	-2.3%	620 k €	-1.8%	631,5 k €	-2.3%	646,2 k €	-6.6%	691,7 k €	-7.0%	743,9 k €	-4.2%	776,2 k €	-4.2%	809,8 k €	-10.0%	899,3 k €
Cash	229 k €	-20.5%	288,1 k €	-3.1%	297,5 k €	+67.3%	177,8 k €	-11.1%	199,9 k €	+75.3%	114,1 k €	-64.5%	321,4 k €	-5.7%	340,8 k €	+92.0%	177,5 k €	+35.4%	131,1 k €	-14.4%	153,1 k €	+26.0%	121,5 k €	+135%	51,8 k €	+44.3%	35,9 k €	-23.6%	47 k €	-31.9%	69 k €	+24.9%	55,2 k €	+32.2%	41,8 k €	-49.3%	82,4 k €
Debts	109,6 k €	+11.6%	98,2 k €	-19.1%	121,3 k €	-8.0%	131,9 k €	+8.9%	121,1 k €	-25.6%	162,9 k €	-35.4%	252,3 k €	-9.1%	277,7 k €	+50.1%	185,1 k €	-6.3%	197,6 k €	-4.9%	207,7 k €	-9.1%	228,5 k €	-0.1%	228,8 k €	-1.9%	233,2 k €	+1.6%	229,4 k €	-3.9%	238,7 k €	-2.5%	244,9 k €	+0.4%	243,8 k €	-8.0%	265,1 k €
Other
Workforce	6,2 ETP	-10.1%	6,9 ETP	+1.5%	6,8 ETP	0.0%	6,8 ETP	+7.9%	6,3 ETP	-4.5%	6,6 ETP	+4.8%	6,3 ETP	-20.3%	7,9 ETP	0.0%	7,9 ETP	+6.8%	7,4 ETP	-7.5%	8,0 ETP	+2.6%	7,8 ETP	+6.8%	7,3 ETP	-2.7%	7,5 ETP	0.0%	7,5 ETP	+7.1%	7,0 ETP	0.0%	7,0 ETP	+16.7%	6,0 ETP	+5.3%	5,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 15 ended

Active mandates

An-Sofie Knockaert

Director

Active

Bjorn Bailleul

Director

Active

Christine Vanthuyne

Director

Active

Kristien Depoorter

Director

Active

Marjan Dewulf

Director

Active

Patrick Smagghe

Managing director

Active

Sander Hindryckx

Chairman of the board of directors

Active

Silke Willaert

Director

Active

Tim Denutte

Director

Active

Willemien Lobbestael

Director

Active

Ended mandates

Ann Lemaire

Director

Ended

Annemie Naessens

Director

Ended

Berry Dekeyser

Director

Ended

Danny Hoorelbeke

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	06/03/2026	08/04/2025	15/04/2024	21/03/2023	25/03/2022	11/05/2021
General meeting	01/03/2026	16/03/2025	16/03/2024	19/03/2023	20/03/2022	21/03/2021
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
Abridged model	31/12/2025	01/03/2026	06/03/2026	Dutch	PDF
Abridged model	31/12/2024	16/03/2025	08/04/2025	Dutch	PDF
Abridged model	31/12/2023	16/03/2024	15/04/2024	Dutch	PDF
Abridged model	31/12/2022	19/03/2023	21/03/2023	Dutch	PDF
Abridged model	31/12/2021	20/03/2022	25/03/2022	Dutch	PDF
Abridged model	31/12/2020	21/03/2021	11/05/2021	Dutch	PDF
Abridged model	31/12/2019	15/03/2020	25/06/2020	Dutch	PDF
Abridged model	31/12/2018	23/03/2019	29/05/2019	Dutch	PDF
Abridged model	31/12/2017	18/03/2018	07/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/03/2017	27/03/2017	Dutch	PDF
Abridged model	31/12/2015	20/03/2016	04/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/03/2015	19/08/2015	Dutch	PDF
Abridged model	31/12/2013	09/03/2014	25/08/2014	Dutch	PDF
Abridged model	31/12/2012	17/03/2013	23/05/2013	Dutch	PDF
Abridged model	31/12/2011	16/03/2012	27/03/2012	Dutch	PDF
Abridged model	31/12/2010	18/03/2011	11/04/2011	Dutch	PDF
Abridged model	31/12/2009	12/03/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	06/03/2009	23/03/2009	Dutch	PDF
Abridged model	31/12/2007	20/03/2008	13/05/2008	Dutch	PDF
Abridged model	31/12/2006	27/03/2007	26/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 10 active · 15 ended

Active mandates

An-Sofie Knockaert

Director

Active

Bjorn Bailleul

Director

Active

Christine Vanthuyne

Director

Active

Kristien Depoorter

Director

Active

Marjan Dewulf

Director

Active

Patrick Smagghe

Managing director

Active

Sander Hindryckx

Chairman of the board of directors

Active

Silke Willaert

Director

Active

Tim Denutte

Director

Active

Willemien Lobbestael

Director

Active

Ended mandates

Ann Lemaire

Director

Ended

Annemie Naessens

Director

Ended

Berry Dekeyser

Director

Ended

Danny Hoorelbeke

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other09/04/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other21/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/07/2017
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/05/2009
ONTSLAGEN - BENOEMINGEN
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 2025-50,2 k €↓
2024
Annual accounts 202440,1 k €↓
2023
Annual accounts 202399,2 k €↑
2022
Annual accounts 2022-23,3 k €↓
2021
Annual accounts 202131,8 k €↑
2020
Annual accounts 202010,4 k €↑
2019
Annual accounts 201910,1 k €↓
2018
Annual accounts 201859,3 k €↓
2017
Annual accounts 2017113,1 k €↑
2016
Annual accounts 201616,9 k €↓
2015
Annual accounts 201521,9 k €↑
2014
Annual accounts 2014-2,1 k €↓
2013
Annual accounts 201318,9 k €↑
2012
Annual accounts 2012-11,3 k €↓
2011
Annual accounts 2011705,9 €↓
2010
Annual accounts 20109 k €↓
2009
Annual accounts 200912,6 k €↑
2008
Annual accounts 2008-12,3 k €↓
2007
Annual accounts 20073,7 k €
10/03/1988
IncorporationNon-profit organization

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

4 A D

Overview

What does 4 A D do?

Trend over 19 financial years

Indicative valuation

Board of directors

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