ACTIVE

ADCON

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Financial year 2025 · closed on 31/12/2025

Net result

9,2 k €

+131.2% YoY

Gross margin

532,7 k €

+1.7% YoY

Equity

2,2 M €

+0.1% YoY

Workforce

2,5 ETP

+25.0% YoY

What does ADCON do?

ADCON is a Private limited company incorporated in 1991. Its main activity is: Operation of sports facilities. Its registered office is in Sint-Katelijne-Waver. It employs on average 2,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.109.649

Incorporation

06/05/1991

Legal form

Private limited company

Registered office

Dreefvelden 1
2860 Sint-Katelijne-Waver · FlandreSee on map

Contributed capital

837 233,04 €

Latest accounts

31/12/2025

Average workforce

2,5 ETP

Activities (NACE)

93110Operation of sports facilities· main 93110Operation of sports facilities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate+8

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2011		2010		2009		2008
Income statement
Gross margin	532,7 k €	+1.7%	524 k €	+11.4%	470,2 k €	+6.8%	440,1 k €	-22.2%	565,9 k €	+76.0%	321,5 k €	+1.5%	316,6 k €	+23.5%	256,3 k €	-0.8%	258,3 k €	+9.5%	236 k €	+30.5%	180,8 k €	+200%	60,3 k €	-23.4%	78,7 k €	-18.9%	97 k €	-28.6%	135,9 k €
EBITDA	432,4 k €	+8.9%	396,9 k €	+0.1%	396,6 k €	+16.9%	339,3 k €	-33.9%	513,1 k €	+88.7%	271,9 k €	+4.9%	259,1 k €	+17.6%	220,4 k €	+10.2%	200 k €	+24.7%	160,4 k €	+9.2%	146,8 k €	+162%	56 k €	+89.4%	29,6 k €	-43.0%	51,9 k €	-47.1%	98,1 k €
Operating result	11,3 k €	-64.6%	31,8 k €	-56.9%	73,9 k €	+48.1%	49,9 k €	-77.2%	218,7 k €	+480%	37,7 k €	+107%	18,2 k €	+14.5%	15,9 k €	+6917%	226,9 €	-99.3%	31,3 k €	+30.9%	23,9 k €	-37.4%	38,1 k €	+176%	13,8 k €	+128%	6 k €	-93.5%	93 k €
Net result	9,2 k €	+131%	4 k €	-96.0%	99,3 k €	+94.2%	51,1 k €	-76.6%	218,5 k €	+1004%	-24,2 k €	+4.2%	-25,2 k €	-29.5%	-19,5 k €	-588%	-2,8 k €	-171%	4 k €	+134%	-11,7 k €	-145%	26,2 k €	+248%	7,5 k €	-18.7%	9,3 k €	-85.8%	65 k €
Balance sheet
Equity	2,2 M €	+0.1%	2,2 M €	-0.2%	2,2 M €	+4.4%	2,1 M €	+2.1%	2 M €	+38.8%	1,5 M €	+3.1%	1,4 M €	+4.1%	1,4 M €	-1.4%	1,4 M €	-0.2%	1,4 M €	+0.3%	1,4 M €	+446%	253,7 k €	+11.5%	227,5 k €	+3.4%	220 k €	-10.5%	245,7 k €
Total assets	3,5 M €	-1.2%	3,6 M €	+8.5%	3,3 M €	+3.3%	3,2 M €	-4.8%	3,4 M €	+17.6%	2,8 M €	-5.1%	3 M €	+7.9%	2,8 M €	-4.4%	2,9 M €	-7.8%	3,2 M €	-4.5%	3,3 M €	+622%	458 k €	+2.0%	448,9 k €	-1.3%	454,7 k €	+69.9%	267,6 k €
Cash	74,5 k €	-45.4%	136,4 k €	+119%	62,2 k €	-67.3%	189,8 k €	-7.2%	204,6 k €	-17.2%	247,1 k €	+555%	37,7 k €	-38.0%	60,8 k €	+106%	29,5 k €	-6.7%	31,7 k €	+5.3%	30,1 k €	+104%	14,8 k €	-18.1%	18 k €	-37.8%	29 k €	-57.9%	68,8 k €
Debts	1,1 M €	+0.2%	1,1 M €	+37.3%	793,5 k €	+5.3%	753,2 k €	-19.5%	936,2 k €	-6.3%	999,7 k €	-18.5%	1,2 M €	+14.2%	1,1 M €	-8.7%	1,2 M €	-15.6%	1,4 M €	-12.2%	1,6 M €	+676%	204,4 k €	-7.7%	221,4 k €	-5.7%	234,8 k €	+974%	21,9 k €
Other
Workforce	2,5 ETP	+25.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP		–		1,0 ETP	+66.7%	0,6 ETP		–		–		–		–		0,7 ETP	0.0%	0,7 ETP	+16.7%	0,6 ETP

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 · 8 ended

Active mandates

Bart Meynendonckx

Administrator - manager · 0894.839.648

Represented by Bart Meynendonckx

Active

Cindy Meynendonckx

Bestuurder B

Active

karine Peeters

Bestuurder A

Active

Peter Meynedonckx

Bestuurder B

Active

Ended mandates

Cindy Meynendonckx

Director

Ended

Cindy Meynendonckx

Manager

Ended

Karine Peeters

Director

Ended

Karine PEETERS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ALFA ROMEO CLUB QUADRIFOGLIO BELGIO● Active	0447.342.719
BBC Sint-Katelijne-Waver● Active	0457.093.395
Forest Wheels● Active	0454.904.660
HEIVELD● Active	0681.468.649
Heiveld Events● Active	0861.742.060
Sinesco● Active	0844.714.206
Sports en catering Heiveld● Active	0597.606.904

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	14/07/2026	02/07/2025	07/08/2024	19/06/2023	08/06/2022	23/09/2021
General meeting	27/05/2026	28/05/2025	29/05/2024	31/05/2023	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	14/07/2026	Dutch	PDF
Abridged model	31/12/2024	28/05/2025	02/07/2025	Dutch	PDF
Abridged model	31/12/2023	29/05/2024	07/08/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	25/05/2022	08/06/2022	Dutch	PDF
Abridged model	31/12/2020	26/05/2021	23/09/2021	Dutch	PDF
Abridged model	31/12/2019	25/05/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	28/05/2018	Dutch	PDF
Abridged model	31/12/2016	29/05/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	27/05/2015	27/05/2015	Dutch	PDF
Abridged model	31/12/2013	26/05/2014	18/06/2014	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/05/2012	04/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	07/06/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	09/06/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	28/05/2007	01/06/2007	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 · 8 ended

Active mandates

Bart Meynendonckx

Administrator - manager · 0894.839.648

Represented by Bart Meynendonckx

Active

Cindy Meynendonckx

Bestuurder B

Active

karine Peeters

Bestuurder A

Active

Peter Meynedonckx

Bestuurder B

Active

Ended mandates

Cindy Meynendonckx

Director

Ended

Cindy Meynendonckx

Manager

Ended

Karine Peeters

Director

Ended

Karine PEETERS

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/01/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring04/02/2021
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/10/2020
WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other24/01/2017
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring17/07/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring08/05/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/09/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring28/06/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 20259,2 k €↑
2024
Annual accounts 20244 k €↓
2023
Annual accounts 202399,3 k €↑
2022
Annual accounts 202251,1 k €↓
2021
Annual accounts 2021218,5 k €↑
2019
Annual accounts 2019-24,2 k €↑
2018
Annual accounts 2018-25,2 k €↓
2017
Annual accounts 2017-19,5 k €↓
2016
Annual accounts 2016-2,8 k €↓
2015
Annual accounts 20154 k €↑
2014
Annual accounts 2014-11,7 k €↓
2011
Annual accounts 201126,2 k €↑
2010
Annual accounts 20107,5 k €↓
2009
Annual accounts 20099,3 k €↓
2008
Annual accounts 200865 k €
06/05/1991
IncorporationPrivate 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

ADCON

Overview

What does ADCON do?

Trend over 15 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