ACTIVE

ADECO

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Financial year 2025 · closed on 30/11/2025

Net result

-750,7 €

-150.2% YoY

Gross margin

-181,5 €

+39.5% YoY

Equity

260,3 k €

-0.3% YoY

What does ADECO do?

ADECO is a Private limited company incorporated in 1994. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Anderlecht.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.797.186

Incorporation

09/06/1994

Legal form

Private limited company

Registered office

Avenue Frans van Kalken 9 box 8
1070 Anderlecht · BruxellesSee on map

Contributed capital

31 000,00 €

Latest accounts

30/11/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-181,5 €	+39.5%	-300 €		–		204,5 k €	+34266%	-598,6 €	+47.4%	-1,1 k €	-496%	-191 €	-101%	-95 €	-100%	144 k €	+2837%	-5,3 k €	-148%	10,9 k €	+50.6%	7,2 k €	-15.8%	8,6 k €	+234%	-6,4 k €	-148%	13,3 k €	+78.0%	7,5 k €	-43.5%	13,2 k €	+86.0%	7,1 k €
EBITDA	-181,5 €	+39.5%	-300 €	+62.1%	-790,6 €	-100%	204,5 k €	+34266%	-598,6 €	+59.1%	-1,5 k €	-13.8%	-1,3 k €	-80.6%	-712 €	-100%	143,2 k €	+2182%	-6,9 k €	-163%	10,9 k €	+86.3%	5,9 k €	-31.2%	8,5 k €	+1258%	-735 €	-115%	4,9 k €	-0.4%	5 k €	-58.7%	12 k €	+102%	5,9 k €
Operating result	-181,5 €	+39.5%	-300 €	+62.1%	-790,6 €	-100%	204,5 k €	+34266%	-598,6 €	+59.1%	-1,5 k €	-13.8%	-1,3 k €	+45.9%	-2,4 k €	-102%	141,5 k €	+1756%	-8,5 k €	-212%	7,6 k €	+196%	2,6 k €	-50.7%	5,2 k €	+160%	-8,8 k €	-625%	1,7 k €	+5.0%	1,6 k €	-81.6%	8,7 k €	+235%	2,6 k €
Net result	-750,7 €	-150%	-300 €	+99.7%	-103 k €	-201%	102,3 k €	+1226%	7,7 k €	-31.2%	11,2 k €	+1396%	-865 €	+65.3%	-2,5 k €	-103%	89,3 k €	-44.6%	161,2 k €	+1836%	8,3 k €	+176%	3 k €	-42.3%	5,2 k €	+159%	-8,8 k €	-881%	1,1 k €	-36.5%	1,8 k €	-71.5%	6,2 k €	+169%	2,3 k €
Balance sheet
Equity	260,3 k €	-0.3%	261,1 k €	-0.1%	261,4 k €	-26.7%	356,4 k €	+5.9%	336,4 k €	+2.3%	328,7 k €	+3.5%	317,5 k €	-0.3%	318,4 k €	-0.8%	320,9 k €	+38.6%	231,6 k €	+229%	70,4 k €	+13.4%	62,1 k €	+5.1%	59 k €	+9.7%	53,8 k €	-14.0%	62,6 k €	+1.8%	61,5 k €	+3.0%	59,7 k €	+11.7%	53,5 k €
Total assets	487,7 k €	-0.1%	488,3 k €	+0.0%	488,2 k €	+2.7%	475,5 k €	0.0%	475,5 k €	+1.6%	467,8 k €	+2.5%	456,6 k €	-0.2%	457,5 k €	-0.5%	460 k €	+44.4%	318,5 k €	+313%	77,1 k €	+13.1%	68,2 k €	+2.8%	66,3 k €	-5.9%	70,5 k €	-13.6%	81,6 k €	+6.3%	76,8 k €	-3.6%	79,7 k €	-3.0%	82,1 k €
Cash	–		506,2 €	-0.0%	506,3 €	-8.8%	555,2 €	0.0%	555,2 €	-51.9%	1,2 k €	-7.6%	1,2 k €	-85.0%	8,3 k €	-68.8%	26,6 k €	+16.5%	22,9 k €		–		139 €	-87.7%	1,1 k €	-44.2%	2 k €	+3787%	52 €	-73.1%	193 €		–		–
Debts	227,4 k €	+0.1%	227,2 k €	+0.2%	226,8 k €	+90.3%	119,2 k €		–		–		–		–		–		–		6,7 k €	+9.7%	6,1 k €	-16.0%	7,3 k €	-54.5%	16,1 k €	+33.7%	12 k €	-21.4%	15,3 k €	-18.8%	18,9 k €	-34.1%	28,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2024 · 1 active · 3 ended

Active mandates

Georges Potikian

Mandate

Active

Ended mandates

BUREAU PATRICK

Manager · since 17 mai 2013 · 0423.993.730

Represented by GEORGES POTIKIAN

Ended

MARC DECONNINCK

Manager · until 17 mai 2013

Ended

MARC DECONNINCK

Manager

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2019	01/07/2018
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2020	30/11/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	17 months
Filing date	12/07/2026	21/07/2025	21/02/2025	08/10/2023	07/12/2021	01/12/2020
General meeting	30/06/2026	19/07/2025	10/02/2025	24/08/2023	29/09/2021	16/07/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/11/2025	30/06/2026	12/07/2026	French	PDF
Micro model	30/11/2024	19/07/2025	21/07/2025	French	PDF
Micro model	30/11/2023	10/02/2025	21/02/2025	French	PDF
Micro model	30/11/2022	24/08/2023	08/10/2023	French	PDF
Abridged model	30/11/2020	29/09/2021	07/12/2021	French	PDF
Abridged model	30/11/2019	16/07/2020	01/12/2020	French	PDF
Abridged model	30/06/2018	24/02/2019	25/02/2019	French	PDF
Abridged model	30/06/2017	31/12/2017	21/02/2018	French	PDF
Abridged model	30/06/2016	03/01/2017	02/05/2017	French	PDF
Abridged model	30/06/2015	31/01/2016	17/03/2016	French	PDF
Abridged model	30/06/2014	25/12/2014	10/01/2015	French	PDF
Abridged model	30/06/2013	03/12/2013	18/12/2013	French	PDF
Abridged model	30/06/2012	30/12/2012	13/01/2013	French	PDF
Abridged model	30/06/2011	30/12/2011	29/01/2012	French	PDF
Abridged model	30/06/2010	30/12/2010	31/01/2011	French	PDF
Abridged model	30/06/2009	30/12/2009	31/01/2010	French	PDF
Abridged model	30/06/2008	28/12/2008	01/01/2009	French	PDF
Abridged model	30/06/2007	24/12/2007	31/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/11/2024 · 1 active · 3 ended

Active mandates

Georges Potikian

Mandate

Active

Ended mandates

BUREAU PATRICK

Manager · since 17 mai 2013 · 0423.993.730

Represented by GEORGES POTIKIAN

Ended

MARC DECONNINCK

Manager · until 17 mai 2013

Ended

MARC DECONNINCK

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/02/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates16/08/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Registered office29/06/2015
SIEGE SOCIAL
PDF
Mandates29/10/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates23/04/2003
DEMISSIONS, NOMINATIONS
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 2025-750,7 €↓
2024
Annual accounts 2024-300 €↑
2023
Annual accounts 2023-103 k €↓
2022
Annual accounts 2022102,3 k €↑
2020
Annual accounts 20207,7 k €↓
2019
Annual accounts 201911,2 k €↑
2018
Annual accounts 2018-865 €↑
2017
Annual accounts 2017-2,5 k €↓
2016
Annual accounts 201689,3 k €↓
2015
Annual accounts 2015161,2 k €↑
2014
Annual accounts 20148,3 k €↑
2013
Annual accounts 20133 k €↓
2012
Annual accounts 20125,2 k €↑
2011
Annual accounts 2011-8,8 k €↓
2010
Annual accounts 20101,1 k €↓
2009
Annual accounts 20091,8 k €↓
2008
Annual accounts 20086,2 k €↑
2007
Annual accounts 20072,3 k €
09/06/1994
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

ADECO

Overview

What does ADECO do?

Trend over 18 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