ACTIVE

ASED

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Financial year 2025 · closed on 31/12/2025

Net result

264,4 k €

+11.3% YoY

Gross margin

267,8 k €

+10.0% YoY

Equity

-31,8 k €

+89.3% YoY

What does ASED do?

ASED is a Public limited company incorporated in 1995. Its main activity is: Management consultancy activities. Its registered office is in Herentals.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.767.870

Incorporation

09/03/1995

Legal form

Public limited company

Registered office

Notelarenlaan(HRT) 16 box A
2200 Herentals · FlandreSee on map

Contributed capital

1 500 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

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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	267,8 k €	+10.0%	243,4 k €	+258%	67,9 k €	+46.3%	46,4 k €	+1.4%	45,8 k €	+7143%	-650 €	+86.6%	-4,9 k €	-107%	69,1 k €	+3436%	2 k €	-89.7%	19 k €	-73.2%	71,1 k €	+11776%	-609 €	-102%	33,3 k €	+428%	-10,1 k €	+2.3%	-10,4 k €	+45.9%	-19,2 k €	-132%	60,6 k €		–		–		–
EBITDA	267,7 k €	+10.0%	243,2 k €	+259%	67,8 k €	+46.4%	46,3 k €	+1.4%	45,7 k €	+6190%	-750 €	+87.4%	-5,9 k €	-109%	68,9 k €	+3713%	1,8 k €	-90.4%	18,9 k €	-73.4%	71 k €	+9450%	-759 €	-102%	33,2 k €	+425%	-10,2 k €	+2.2%	-10,4 k €	+45.8%	-19,2 k €	-132%	60,2 k €	-15.1%	70,9 k €	+10.5%	64,1 k €	+157%	25 k €
Operating result	267,7 k €	+10.0%	243,2 k €	+259%	67,8 k €	+46.4%	46,3 k €	+1.4%	45,7 k €	+6190%	-750 €	+87.4%	-5,9 k €	-109%	68,9 k €	+3713%	1,8 k €	-90.4%	18,9 k €	-73.4%	71 k €	+9450%	-759 €	-102%	33,2 k €	+425%	-10,2 k €	+2.2%	-10,4 k €	+45.8%	-19,2 k €	-132%	60,2 k €	-15.1%	70,9 k €	+10.5%	64,1 k €	+235%	19,1 k €
Net result	264,4 k €	+11.3%	237,6 k €	+254%	67,1 k €	+45.1%	46,3 k €	+1.5%	45,6 k €	+4913%	-948 €	+84.5%	-6,1 k €	-115%	40,5 k €	+2290%	1,7 k €	-91.3%	19,5 k €	-78.3%	89,9 k €	-72.4%	326,3 k €	+16.3%	280,4 k €	+2867%	-10,1 k €	+2.6%	-10,4 k €	+45.8%	-19,2 k €	-131%	61,5 k €	+8.9%	56,4 k €	-11.6%	63,8 k €	+80.1%	35,4 k €
Balance sheet
Equity	-31,8 k €	+89.3%	-296,3 k €	+44.5%	-533,9 k €	+11.2%	-601 k €	+7.2%	-647,3 k €	+6.6%	-693 k €	-0.1%	-692 k €	-0.9%	-685,9 k €	+5.6%	-726,4 k €	+0.2%	-728,1 k €	+2.6%	-747,6 k €	+10.7%	-837,5 k €	+28.0%	-1,2 M €	+19.4%	-1,4 M €	-0.7%	-1,4 M €	-0.7%	-1,4 M €	-1.4%	-1,4 M €	+4.2%	-1,5 M €	+3.7%	-1,5 M €	+4.0%	-1,6 M €
Total assets	30,2 k €	+848%	3,2 k €	+1370%	217 €	-99.0%	22,3 k €	-59.7%	55,3 k €	+473%	9,7 k €	+278%	2,6 k €	-87.1%	19,8 k €	-51.8%	41,1 k €	-1.1%	41,6 k €	-34.5%	63,4 k €	-62.6%	169,6 k €	-38.4%	275,5 k €	+231%	83,3 k €	-23.4%	108,7 k €	-22.0%	139,5 k €	+6.5%	131 k €	+106%	63,6 k €	-14.7%	74,6 k €	+322%	17,7 k €
Cash	249 €	-92.2%	3,2 k €	+1370%	217 €	-92.6%	2,9 k €	+3808%	75 €	-99.2%	9,3 k €	+264%	2,6 k €	+53.9%	1,7 k €	+177%	599 €	-73.9%	2,3 k €	+1272%	167 €	-99.8%	91,9 k €	+315%	22,2 k €	-71.1%	76,7 k €	-25.4%	102,8 k €	-22.8%	133,1 k €	+32.2%	100,7 k €	+667%	13,1 k €	-65.3%	37,9 k €	+6861%	543,8 €
Debts	62,1 k €	-79.3%	299,4 k €	-43.9%	534,1 k €	-14.3%	623,3 k €	-11.3%	702,6 k €	+0.0%	702,6 k €	+1.2%	694,6 k €	-1.6%	705,7 k €	-8.1%	767,5 k €	-0.3%	769,7 k €	-5.1%	811 k €	-19.5%	1 M €	-30.0%	1,4 M €	-5.8%	1,5 M €	-1.0%	1,5 M €	-1.3%	1,6 M €	+1.8%	1,5 M €	+0.4%	1,5 M €	-4.2%	1,6 M €	-0.4%	1,6 M €

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 · 3 active · 15 ended

Active mandates

Ina Taillaert

Director · since 01 juin 2026 · until 01 juin 2032

Active

Joachim Pot

Director · since 01 juin 2026 · until 01 juin 2032

Active

Sebastiaan Pot

Managing director · since 01 juin 2026 · until 01 juin 2032

Active

Ended mandates

Ina Taillaert

Director · since 02 octobre 2020 · until 07 juin 2026

Ended

Joachim Pot

Director · since 02 octobre 2020 · until 07 juin 2026

Ended

Sebastiaan Pot

Managing director · since 02 octobre 2020 · until 07 juin 2026

Ended

Ann Pauwels

Director · since 06 juin 2017 · until 06 juin 2023

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	25/06/2026	11/06/2025	26/06/2024	06/06/2023	14/06/2022	09/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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

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	01/06/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	11/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	06/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	14/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	09/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	29/09/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	07/08/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	23/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	11/09/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	19/09/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	02/09/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	31/08/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	09/07/2009	Dutch	PDF
Full model	31/12/2007	02/06/2008	16/07/2008	Dutch	PDF
Full model	31/12/2006	05/06/2007	30/07/2007	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 · 3 active · 15 ended

Active mandates

Ina Taillaert

Director · since 01 juin 2026 · until 01 juin 2032

Active

Joachim Pot

Director · since 01 juin 2026 · until 01 juin 2032

Active

Sebastiaan Pot

Managing director · since 01 juin 2026 · until 01 juin 2032

Active

Ended mandates

Ina Taillaert

Director · since 02 octobre 2020 · until 07 juin 2026

Ended

Joachim Pot

Director · since 02 octobre 2020 · until 07 juin 2026

Ended

Sebastiaan Pot

Managing director · since 02 octobre 2020 · until 07 juin 2026

Ended

Ann Pauwels

Director · since 06 juin 2017 · until 06 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other31/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/08/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/03/2007
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2005
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 2025264,4 k €↑
2024
Annual accounts 2024237,6 k €↑
2023
Annual accounts 202367,1 k €↑
2022
Annual accounts 202246,3 k €↑
2021
Annual accounts 202145,6 k €↑
2020
Annual accounts 2020-948 €↑
2019
Annual accounts 2019-6,1 k €↓
2018
Annual accounts 201840,5 k €↑
2017
Annual accounts 20171,7 k €↓
2016
Annual accounts 201619,5 k €↓
2015
Annual accounts 201589,9 k €↓
2014
Annual accounts 2014326,3 k €↑
2013
Annual accounts 2013280,4 k €↑
2012
Annual accounts 2012-10,1 k €↑
2011
Annual accounts 2011-10,4 k €↑
2010
Annual accounts 2010-19,2 k €↓
2009
Annual accounts 200961,5 k €↑
2008
Annual accounts 200856,4 k €↓
2007
Annual accounts 200763,8 k €↑
2006
Annual accounts 200635,4 k €
09/03/1995
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

ASED

Overview

What does ASED 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