ACTIVE

ADAMS

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Financial year 2025 · Closed on 31/12/2025

Net result3,1 M €-15,0 %over 1 year

Revenue17,5 M €-4,7 %over 1 year

Equity3,8 M €0,0 %over 1 year

Workforce44,8 ETP+1,1 %over 1 year

Identity

Source · BCE/KBO

ADAMS is a Public limited company incorporated in 1995. Its main activity is: Construction of roads and motorways. Its registered office is in Merksplas. It employs on average 44,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0454.312.663
Incorporation: 03/02/1995
Legal form: Public limited company
Registered office: Hoekeinde 52
2330 Merksplas · FlandreSee on map
Contributed capital: 371 840,29 €
Latest accounts: 31/12/2025
Average workforce: 44,8 ETP

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways 45230Maintenance and repair of motor vehicles

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	17,5 M €	-4.7%	18,4 M €	+6.8%	17,2 M €	+1.3%	17 M €	+14.1%	14,9 M €
EBITDA	4,9 M €	-11.3%	5,5 M €	+2.4%	5,4 M €	+24.2%	4,3 M €	+6.6%	4,1 M €
Operating result	4 M €	-17.4%	4,9 M €	+4.7%	4,7 M €	+28.0%	3,7 M €	+6.1%	3,4 M €
Net result	3,1 M €	-15.0%	3,7 M €	+3.9%	3,6 M €	+35.6%	2,6 M €	+2.2%	2,6 M €
Balance sheet
Equity	3,8 M €	0.0%	3,8 M €	+0.0%	3,8 M €	-0.0%	3,8 M €	0.0%	3,8 M €
Total assets	9,7 M €	+5.6%	9,2 M €	-4.9%	9,7 M €	+8.2%	8,9 M €	-2.2%	9,1 M €
Cash	1,2 M €	-24.4%	1,6 M €	-2.4%	1,6 M €	-52.2%	3,4 M €	-6.7%	3,7 M €
Debts	5,5 M €	+13.9%	4,8 M €	-4.7%	5,1 M €	+15.8%	4,4 M €	-3.6%	4,5 M €
Other
Workforce	44,8 ETP	+1.1%	44,3 ETP	-2.9%	45,6 ETP	-3.8%	47,4 ETP	+3.5%	45,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
R. ADAMS0471.875.207Represented by Raf Adams	Directorsince 18/12/2003bestuurder2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ADAMS0454.312.663Represented by Raf Adams	Director29/12/2023 → 2024 accounts
Raf ADAMS	Managing director02/06/2012 → 2022 accounts
Andre VAN DEUN	Director02/01/2010 → 2010 accounts

Other companies at this address

Hoekeinde 52 2330 Merksplas

Company	CBE no.
ADAMS● Liquidation	0436.964.907

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	06/07/2026	01/07/2025	30/07/2024	12/07/2023	17/06/2022	29/09/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	06/07/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	30/07/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	12/07/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	17/06/2022	Dutch	PDF
Full modelCorrection	31/12/2020	04/06/2021	29/09/2021	Dutch	PDF
Full model	31/12/2020	04/06/2021	12/07/2021	Dutch	PDF
Full model	31/12/2019	09/06/2020	06/07/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	08/07/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	25/07/2018	Dutch	PDF
Full modelCorrection	31/12/2016	02/06/2017	16/08/2017	Dutch	PDF
Full model	31/12/2016	02/06/2017	12/07/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	12/07/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	18/06/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	14/07/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	20/08/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	29/08/2012	Dutch	PDF
Full model	31/12/2010	03/06/2011	12/07/2011	Dutch	PDF
Full model	31/12/2009	31/03/2010	30/04/2010	Dutch	PDF
Full model	31/12/2008	05/06/2009	02/07/2009	Dutch	PDF
Full model	31/12/2007	06/06/2008	03/07/2008	Dutch	PDF
Full model	31/12/2006	01/06/2007	21/08/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
R. ADAMS0471.875.207Represented by Raf Adams	Directorsince 18/12/2003bestuurder2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ADAMS0454.312.663Represented by Raf Adams	Director29/12/2023 → 2024 accounts
Raf ADAMS	Managing director02/06/2012 → 2022 accounts
Andre VAN DEUN	Director02/01/2010 → 2010 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/11/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/09/2012
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

R. ADAMS

ADAMS

Raf ADAMS

Andre VAN DEUN

ADAMS & CO

19951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ADAMS

Hoekeinde 52, 2330 Merksplas

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Hoekeinde 52, 2330 MerksplasCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00264806

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ADAMSCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00264806

Events

2025
Annual accounts 20253,1 M €↓
2024
Annual accounts 20243,7 M €↑
2023
Annual accounts 20233,6 M €↑
2022
Annual accounts 20222,6 M €↑
2021
Annual accounts 20212,6 M €↓
2020
Annual accounts 20202,8 M €↑
2019
Annual accounts 20192,4 M €↑
2018
Annual accounts 20182,2 M €↑
2017
Annual accounts 20171,9 M €↑
2016
Annual accounts 2016783,1 k €↓
2015
Annual accounts 2015866,8 k €↓
2014
Annual accounts 20141,1 M €↓
2013
Annual accounts 20131,3 M €↑
2012
Annual accounts 20121 M €↓
2010
Annual accounts 20101,3 M €↓
2009
Annual accounts 20091,3 M €↑
2008
Annual accounts 20081,2 M €↑
2007
Annual accounts 2007843,3 k €↓
2006
Annual accounts 2006964,9 k €
03/02/1995
IncorporationPublic limited company

ADAMS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events