ADECON
0438.522.548 · rovalta.com · 22/09/2026
ACTIVE
ADECON
Financial year 2025 · closed on 31/12/2025
Net result
915,4 k €
-31.7% YoY
Gross margin
3,4 M €
-14.5% YoY
Equity
10,2 M €
+9.8% YoY
Workforce
16,0 ETP
+2.6% YoY
Overview
What does ADECON do?
ADECON is a Private limited company incorporated in 1989. Its main activity is: Treatment and disposal of non-hazardous waste. Its registered office is in Evergem. It employs on average 16,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0438.522.548
Incorporation
04/10/1989
Legal form
Private limited company
Registered office
Doornzele Hoeksken 16
9940 Evergem · FlandreSee on map
9940 Evergem · FlandreSee on map
Contributed capital
19 107,16 €
Latest accounts
31/12/2025
Average workforce
16,0 ETP
Activities (NACE)
Joint committees (8)
- 124
- 1240
- 12400
- 14201
- 200
- 2000
- 20000
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 3,4 M € | -14.5% | 4 M € | +13.6% | 3,5 M € | -3.5% | 3,6 M € | -5.7% | 3,9 M € | -16.6% | 4,6 M € | -1.7% | 4,7 M € | -4.3% | 4,9 M € | +13.1% | 4,3 M € | +16.8% | 3,7 M € | +13.0% | 3,3 M € | +7.7% | 3,1 M € | -9.5% | 3,4 M € | +42.3% | 2,4 M € | +28.3% | 1,9 M € | -23.0% | 2,4 M € | +11.0% | 2,2 M € | +42.3% | 1,5 M € |
| EBITDA | 2 M € | -23.6% | 2,6 M € | +18.6% | 2,2 M € | -6.4% | 2,4 M € | -15.3% | 2,8 M € | -24.6% | 3,7 M € | -3.0% | 3,8 M € | -4.5% | 4 M € | +15.2% | 3,5 M € | +12.3% | 3,1 M € | +15.9% | 2,7 M € | +9.0% | 2,4 M € | -11.7% | 2,8 M € | +49.1% | 1,9 M € | +37.3% | 1,4 M € | -28.6% | 1,9 M € | +13.1% | 1,7 M € | +56.4% | 1,1 M € |
| Operating result | 1,2 M € | -35.7% | 1,8 M € | +15.1% | 1,6 M € | -18.0% | 1,9 M € | -5.4% | 2,1 M € | +11.4% | 1,8 M € | -7.4% | 2 M € | -12.9% | 2,3 M € | +20.5% | 1,9 M € | +4.1% | 1,8 M € | +34.1% | 1,4 M € | -0.5% | 1,4 M € | -14.8% | 1,6 M € | +94.0% | 829,7 k € | +101% | 411,8 k € | -51.0% | 839,9 k € | -2.3% | 859,9 k € | +91.2% | 449,7 k € |
| Net result | 915,4 k € | -31.7% | 1,3 M € | +16.8% | 1,1 M € | -16.4% | 1,4 M € | -6.9% | 1,5 M € | +18.8% | 1,2 M € | +2.6% | 1,2 M € | -18.0% | 1,5 M € | +17.0% | 1,3 M € | +3.5% | 1,2 M € | +24.6% | 978,3 k € | -4.8% | 1 M € | -7.2% | 1,1 M € | +88.5% | 587,5 k € | +81.7% | 323,3 k € | -47.5% | 615,7 k € | +0.5% | 612,5 k € | +80.1% | 340 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 10,2 M € | +9.8% | 9,3 M € | +4.7% | 8,9 M € | -2.2% | 9,1 M € | -9.2% | 10 M € | +44.5% | 6,9 M € | +15.7% | 6 M € | -6.9% | 6,4 M € | +17.9% | 5,4 M € | +16.3% | 4,7 M € | +24.4% | 3,8 M € | +6.2% | 3,5 M € | +13.7% | 3,1 M € | +19.4% | 2,6 M € | +12.4% | 2,3 M € | +1.0% | 2,3 M € | +15.9% | 2 M € | +18.7% | 1,7 M € |
| Total assets | 11,4 M € | +0.0% | 11,4 M € | -0.1% | 11,4 M € | +12.8% | 10,1 M € | -9.1% | 11,2 M € | +38.9% | 8 M € | -7.4% | 8,7 M € | +17.8% | 7,4 M € | +10.2% | 6,7 M € | +22.0% | 5,5 M € | +12.8% | 4,9 M € | +6.7% | 4,6 M € | +4.9% | 4,3 M € | +24.5% | 3,5 M € | +15.9% | 3 M € | -12.8% | 3,4 M € | +21.3% | 2,8 M € | +17.2% | 2,4 M € |
| Cash | 1,8 M € | +34.0% | 1,4 M € | +27.4% | 1,1 M € | -35.0% | 1,6 M € | -56.7% | 3,8 M € | +41.6% | 2,7 M € | +3.7% | 2,6 M € | -9.5% | 2,8 M € | +99.9% | 1,4 M € | -29.5% | 2 M € | +9.8% | 1,8 M € | +16.6% | 1,6 M € | +25.1% | 1,3 M € | +92.8% | 654,5 k € | +12.9% | 579,8 k € | +9.7% | 528,7 k € | +128% | 231,9 k € | -5.6% | 245,6 k € |
| Debts | 1,2 M € | -42.9% | 2,1 M € | -16.9% | 2,6 M € | +141% | 1,1 M € | -7.7% | 1,1 M € | +5.0% | 1,1 M € | -59.1% | 2,7 M € | +186% | 937,3 k € | -24.3% | 1,2 M € | +55.7% | 794,9 k € | -27.1% | 1,1 M € | +8.4% | 1 M € | -16.9% | 1,2 M € | +39.4% | 868,2 k € | +27.1% | 683,1 k € | -40.5% | 1,1 M € | +34.6% | 853,4 k € | +13.9% | 749,5 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 16,0 ETP | +2.6% | 15,6 ETP | +2.6% | 15,2 ETP | -5.6% | 16,1 ETP | +12.6% | 14,3 ETP | 0.0% | 14,3 ETP | +11.7% | 12,8 ETP | +6.7% | 12,0 ETP | -5.5% | 12,7 ETP | +33.7% | 9,5 ETP | +2.2% | 9,3 ETP | -2.1% | 9,5 ETP | -1.0% | 9,6 ETP | +10.3% | 8,7 ETP | +3.6% | 8,4 ETP | -15.2% | 9,9 ETP | +11.2% | 8,9 ETP | +1.1% | 8,8 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 22 ended
Financials
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 | 15/06/2026 | 27/05/2025 | 11/06/2024 | 19/06/2023 | 24/05/2022 | 15/06/2021 |
| General meeting | 26/05/2026 | 26/05/2025 | 27/05/2024 | 22/05/2023 | 23/05/2022 | 25/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
36 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 26/05/2026 | 15/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 26/05/2025 | 27/05/2025 | Dutch | |
| Abridged model | 31/12/2023 | 27/05/2024 | 11/06/2024 | Dutch | |
| Abridged model | 31/12/2022 | 22/05/2023 | 19/06/2023 | Dutch | |
| Abridged model | 31/12/2021 | 23/05/2022 | 24/05/2022 | Dutch | |
| Abridged model | 31/12/2020 | 25/05/2021 | 15/06/2021 | Dutch | |
| Abridged model | 31/12/2019 | 25/05/2020 | 24/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 27/05/2019 | 27/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 28/05/2018 | 27/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 22/05/2017 | 28/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 23/05/2016 | 04/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 26/05/2015 | 03/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 26/05/2014 | 27/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 27/05/2013 | 07/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 29/05/2012 | 12/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 23/05/2011 | 10/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 25/05/2010 | 09/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 25/05/2009 | 16/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 26/05/2008 | 24/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 29/05/2007 | 26/06/2007 | Dutch | |
| Abridged model | 31/12/2005 | 22/05/2006 | 22/06/2006 | Dutch | |
| Abridged model | 31/12/2004 | 23/05/2005 | 24/06/2005 | Dutch | |
| Abridged model | 31/12/2003 | 24/05/2004 | 25/06/2004 | Dutch | |
| Abridged model | 31/12/2002 | 26/05/2003 | 19/06/2003 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Publications
Belgian Official Gazette
Belgian Official Gazette publications
- Restructuring28/07/2022KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring13/06/2022RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates13/09/2021ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
- Mandates12/11/2018ONTSLAGEN - BENOEMINGEN
- Capital / shares17/01/2018KAPITAAL - AANDELEN
- Capital / shares06/01/2014DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Capital / shares22/09/2005KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025915,4 k €↓
- 2024Annual accounts 20241,3 M €↑
- 2023Annual accounts 20231,1 M €↓
- 2022Annual accounts 20221,4 M €↓
- 2021Annual accounts 20211,5 M €↑
- 2018Annual accounts 20181,2 M €↑
- 2017Annual accounts 20171,2 M €↓
- 2016Annual accounts 20161,5 M €↑
- 2015Annual accounts 20151,3 M €↑
- 2014Annual accounts 20141,2 M €↑
- 2013Annual accounts 2013978,3 k €↓
- 2012Annual accounts 20121 M €↓
- 2011Annual accounts 20111,1 M €↑
- 2010Annual accounts 2010587,5 k €↑
- 2009Annual accounts 2009323,3 k €↓
- 2008Annual accounts 2008615,7 k €↑
- 2007Annual accounts 2007612,5 k €↑
- 2006Annual accounts 2006340 k €
- 04/10/1989IncorporationPrivate limited company