ACTIVE

A & D II

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Financial year 2025 · closed on 31/12/2025

Net result

47,1 k €

-35.7% YoY

Gross margin

122 k €

+4.0% YoY

Equity

144,4 k €

+48.3% YoY

Workforce

0,0 ETP

What does A & D II do?

A & D II is a Public limited company incorporated in 1989. Its main activity is: Retail sale of second-hand goods in stores. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.801.391

Incorporation

22/02/1989

Legal form

Public limited company

Registered office

Mediaplein 1
2018 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

47791Retail sale of second-hand goods in stores· main 47791Retail sale of second-hand goods in stores 52501Warehousing and support activities for transportation 46150Agents involved in the sale of furniture, household goods, hardware and ironmongery 46150Agents involved in the sale of furniture, household goods, hardware and ironmongery 51150Passenger air transport+5

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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	122 k €	+4.0%	117,3 k €	+278%	31 k €	-57.5%	72,9 k €	-95.8%	1,8 M €	+1978%	84,4 k €	+0.1%	84,3 k €	-48.4%	163,4 k €	-0.7%	164,4 k €	+28.4%	128 k €	+32.3%	96,8 k €	-44.0%	173 k €	-11.3%	194,9 k €	-8.6%	213,3 k €	+15.6%	184,5 k €	-0.7%	185,8 k €	-6.3%	198,3 k €	-1.3%	200,9 k €	+8.1%	185,8 k €	+39.0%	133,7 k €
EBITDA	86,4 k €	-14.0%	100,5 k €	+865%	10,4 k €	-80.9%	54,6 k €	-96.8%	1,7 M €	+2589%	64,4 k €	-1.2%	65,2 k €	-55.1%	145,1 k €	-1.6%	147,4 k €	+42.8%	103,2 k €	+28.3%	80,4 k €	-48.7%	156,7 k €	-12.3%	178,7 k €	-9.6%	197,7 k €	+16.7%	169,4 k €	-0.9%	170,9 k €	-6.8%	183,4 k €	-1.9%	186,9 k €	+6.1%	176,2 k €	+42.0%	124,1 k €
Operating result	66 k €	-34.0%	100 k €	+1209%	7,6 k €	-84.6%	49,5 k €	-97.1%	1,7 M €	+7442%	22,9 k €	-9.8%	25,4 k €	-74.2%	98,4 k €	-2.3%	100,7 k €	+78.2%	56,5 k €	+67.5%	33,7 k €	-69.3%	110 k €	-20.9%	139 k €	-11.6%	157,3 k €	+31.3%	119,8 k €	-1.3%	121,3 k €	-9.3%	133,8 k €	+8.9%	122,8 k €	+15.6%	106,2 k €	+14.0%	93,2 k €
Net result	47,1 k €	-35.7%	73,2 k €	+1570%	4,4 k €	-87.6%	35,5 k €	-97.2%	1,3 M €	+7975%	15,9 k €	+1.1%	15,7 k €	-74.9%	62,7 k €	+9.5%	57,2 k €	+88.7%	30,3 k €	+144%	12,4 k €	-80.5%	63,8 k €	-20.9%	80,6 k €	-34.2%	122,5 k €	+38.4%	88,5 k €	+3.8%	85,3 k €	-5.7%	90,5 k €	+22.9%	73,6 k €	+29.1%	57 k €	-19.2%	70,6 k €
Balance sheet
Equity	144,4 k €	+48.3%	97,4 k €	-14.7%	114,2 k €	-56.1%	259,8 k €	-49.0%	509,8 k €	+0.7%	506,3 k €	-6.3%	540,4 k €	-6.0%	574,7 k €	+12.2%	512 k €	+1.4%	504,7 k €	+6.4%	474,4 k €	+2.7%	462 k €	+0.8%	458,2 k €	+21.3%	377,7 k €	+48.0%	255,2 k €	+53.1%	166,7 k €	+105%	81,4 k €	+994%	-9,1 k €	+89.0%	-82,7 k €	+40.8%	-139,8 k €
Total assets	277,9 k €	+26.4%	219,8 k €	+47.4%	149,1 k €	-47.4%	283,6 k €	-48.0%	545,6 k €	-15.0%	641,7 k €	-14.0%	746,6 k €	-3.2%	771,2 k €	-7.3%	831,6 k €	+0.1%	830,4 k €	-1.3%	841,4 k €	-11.8%	954,3 k €	+1.0%	944,4 k €	+1.1%	934,3 k €	+4.0%	898,2 k €	-0.6%	903,3 k €	-1.6%	918,4 k €	-3.0%	947,2 k €	-3.0%	976,3 k €	+176%	353,8 k €
Cash	124,3 k €	+55.4%	80 k €	+78.5%	44,8 k €	-17.4%	54,2 k €	+4.4%	51,9 k €	+9.9%	47,2 k €	+45.4%	32,5 k €	+47.5%	22 k €	-83.9%	136,5 k €	-24.2%	180,1 k €	+375%	37,9 k €	-82.0%	210,2 k €	+10.6%	190,1 k €	+32.2%	143,8 k €	-13.1%	165,5 k €	+27.5%	129,8 k €	+37.8%	94,2 k €	+427%	17,9 k €	-58.9%	43,5 k €	+308%	10,7 k €
Debts	120,4 k €	+8.4%	111,1 k €	+773%	12,7 k €	-46.6%	23,8 k €	+28.7%	18,5 k €	-85.2%	125 k €	-36.5%	196,6 k €	+5.0%	187,2 k €	-39.6%	309,9 k €	-2.5%	317,8 k €	-11.4%	358,7 k €	-25.9%	484,2 k €	+1.2%	478,6 k €	-13.0%	549,8 k €	-13.4%	634,7 k €	-13.8%	736,7 k €	-12.0%	837 k €	-11.9%	950,3 k €	-10.3%	1,1 M €	+115%	493,6 k €
Other
Workforce	0,0 ETP		0,0 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 · 1 active · 6 ended

Active mandates

Real Estate Development Trust

Director · since 25 février 2026 · until 25 février 2032 · 0716.820.201

Represented by Jo Gielen

Active

Ended mandates

CIM - GROUP

Director · 0435.995.006

Represented by Gert Verhees

Ended

CIM - GROUP

Director · 0435.995.006

Represented by Gert Verhees

Ended

CIM - GROUP

Director · 0435.995.006

Represented by Gert Verhees

Ended

Gert Verhees

Director

Ended

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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	23/06/2026	11/06/2025	04/06/2024	06/06/2023	23/06/2022	16/06/2021
General meeting	27/05/2026	28/05/2025	22/05/2024	24/05/2023	25/05/2022	26/05/2021
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
Abridged model	31/12/2025	27/05/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	28/05/2025	11/06/2025	Dutch	PDF
Abridged model	31/12/2023	22/05/2024	04/06/2024	Dutch	PDF
Abridged model	31/12/2022	24/05/2023	06/06/2023	Dutch	PDF
Abridged model	31/12/2021	25/05/2022	23/06/2022	Dutch	PDF
Abridged model	31/12/2020	26/05/2021	16/06/2021	Dutch	PDF
Abridged model	31/12/2019	27/05/2020	08/06/2020	Dutch	PDF
Abridged model	31/12/2018	22/05/2019	25/07/2019	Dutch	PDF
Abridged model	31/12/2017	23/05/2018	23/07/2018	Dutch	PDF
Abridged model	31/12/2016	24/05/2017	11/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/05/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	27/05/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	28/05/2014	03/07/2014	Dutch	PDF
Abridged model	31/12/2012	22/05/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	23/05/2012	12/07/2012	Dutch	PDF
Abridged model	31/12/2010	25/05/2011	16/07/2011	Dutch	PDF
Abridged model	31/12/2009	26/05/2010	13/07/2010	Dutch	PDF
Abridged model	31/12/2008	27/05/2009	13/07/2009	Dutch	PDF
Abridged model	31/12/2007	28/05/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	23/05/2007	25/07/2007	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 · 1 active · 6 ended

Active mandates

Real Estate Development Trust

Director · since 25 février 2026 · until 25 février 2032 · 0716.820.201

Represented by Jo Gielen

Active

Ended mandates

CIM - GROUP

Director · 0435.995.006

Represented by Gert Verhees

Ended

CIM - GROUP

Director · 0435.995.006

Represented by Gert Verhees

Ended

CIM - GROUP

Director · 0435.995.006

Represented by Gert Verhees

Ended

Gert Verhees

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/03/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/10/2022
KAPITAAL - AANDELEN
PDF
Registered office03/03/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/12/2019
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2012
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/06/2006
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 202547,1 k €↓
2024
Annual accounts 202473,2 k €↑
2023
Annual accounts 20234,4 k €↓
2022
Annual accounts 202235,5 k €↓
2021
Annual accounts 20211,3 M €↑
2020
Annual accounts 202015,9 k €↑
2019
Annual accounts 201915,7 k €↓
2018
Annual accounts 201862,7 k €↑
2017
Annual accounts 201757,2 k €↑
2016
Annual accounts 201630,3 k €↑
2015
Annual accounts 201512,4 k €↓
2014
Annual accounts 201463,8 k €↓
2013
Annual accounts 201380,6 k €↓
2012
Annual accounts 2012122,5 k €↑
2011
Annual accounts 201188,5 k €↑
2010
Annual accounts 201085,3 k €↓
2009
Annual accounts 200990,5 k €↑
2008
Annual accounts 200873,6 k €↑
2007
Annual accounts 200757 k €↓
2006
Annual accounts 200670,6 k €
22/02/1989
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

A & D II

Overview

What does A & D II 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