ACTIVE

ADEBACO

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Financial year 2025 · closed on 31/12/2025

Net result

259,3 k €

+17.3% YoY

Gross margin

518 k €

+8.7% YoY

Equity

1,9 M €

+6.2% YoY

What does ADEBACO do?

ADEBACO is a Private limited company incorporated in 1995. Its registered office is in Eeklo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.842.581

Incorporation

18/12/1995

Legal form

Private limited company

Registered office

1 ste Regiment Grenadierslaan 14
9900 Eeklo · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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	518 k €	+8.7%	476,5 k €	+7.1%	445 k €	+4.5%	425,7 k €	-0.9%	429,5 k €	+8.4%	396,2 k €	-10.9%	444,7 k €	+1.0%	440,3 k €	+31.2%	335,6 k €	+8.4%	309,6 k €	-0.7%	311,9 k €	+23.8%	252 k €	+77.6%	141,8 k €	+9.3%	129,8 k €	+16.3%	111,6 k €	+24.4%	89,7 k €	+11.7%	80,3 k €	+3.3%	77,7 k €	+24.9%	62,2 k €	-48.5%	121 k €
EBITDA	502,7 k €	+8.6%	462,9 k €	+7.0%	432,6 k €	+13.3%	381,8 k €	-9.7%	423 k €	+22.2%	346,2 k €	-20.0%	433 k €	+0.8%	429,4 k €	+33.1%	322,7 k €	+8.9%	296,4 k €	-2.0%	302,5 k €	+29.2%	234,1 k €	+75.0%	133,7 k €	+11.0%	120,5 k €	+31.2%	91,9 k €	+22.3%	75,1 k €	+10.9%	67,7 k €	+4.8%	64,6 k €	+27.8%	50,6 k €	-54.0%	109,9 k €
Operating result	393,5 k €	+11.5%	353 k €	+7.4%	328,8 k €	+28.0%	257 k €	-30.5%	369,6 k €	+24.6%	296,7 k €	-19.4%	368,3 k €	+5.5%	349,1 k €	+33.2%	262,1 k €	+20.2%	218 k €	-6.0%	231,9 k €	+64.2%	141,2 k €	+67.6%	84,3 k €	-6.8%	90,4 k €	+50.9%	59,9 k €	+37.3%	43,6 k €	+20.1%	36,3 k €	+47.2%	24,7 k €	+40.5%	17,6 k €	-80.2%	88,8 k €
Net result	259,3 k €	+17.3%	221 k €	+5.6%	209,3 k €	-10.2%	233,1 k €	-19.6%	290 k €	-2.7%	298,1 k €	+16.3%	256,3 k €	+11.1%	230,7 k €	+44.7%	159,4 k €	-31.8%	233,9 k €	+63.7%	142,8 k €	+77.6%	80,4 k €	+50.6%	53,4 k €	-89.0%	483,7 k €	+1378%	32,7 k €	+68.6%	19,4 k €	+141%	8,1 k €	+143%	3,3 k €	-95.7%	77,4 k €	+54.3%	50,2 k €
Balance sheet
Equity	1,9 M €	+6.2%	1,7 M €	+6.1%	1,6 M €	+1.8%	1,6 M €	+7.5%	1,5 M €	+12.7%	1,3 M €	+21.6%	1,1 M €	+19.1%	923,1 k €	+33.3%	692,5 k €	-48.3%	1,3 M €	+21.2%	1,1 M €	+15.6%	956 k €	+9.2%	875,6 k €	-4.0%	911,9 k €	+112%	429,7 k €	+8.2%	397 k €	+5.1%	377,6 k €	+2.2%	369,5 k €	+0.9%	366,2 k €	+26.8%	288,8 k €
Total assets	3 M €	+4.3%	2,8 M €	-12.0%	3,2 M €	+0.6%	3,2 M €	+11.5%	2,9 M €	+14.4%	2,5 M €	+5.7%	2,4 M €	+10.9%	2,1 M €	+3.0%	2,1 M €	+10.4%	1,9 M €	+7.5%	1,8 M €	+6.7%	1,6 M €	+14.4%	1,4 M €	+6.2%	1,4 M €	+50.8%	896,9 k €	+0.2%	895,4 k €	-3.7%	929,6 k €	-4.4%	972,9 k €	+10.3%	882,1 k €	+20.5%	731,8 k €
Cash	332,4 k €	+70.0%	195,5 k €	+10.7%	176,5 k €	-37.2%	281 k €	-41.9%	483,8 k €	+198%	162,1 k €	-25.1%	216,3 k €	+226%	66,4 k €	+369%	14,1 k €	-82.7%	81,7 k €	+84.7%	44,2 k €	-70.0%	147,6 k €	+732%	17,7 k €	+119%	8,1 k €	-37.5%	12,9 k €	+113%	6,1 k €	-14.7%	7,1 k €	-14.3%	8,3 k €	+51.8%	5,5 k €	-48.3%	10,6 k €
Debts	988,3 k €	+1.5%	973,7 k €	-33.3%	1,5 M €	-0.7%	1,5 M €	+16.9%	1,3 M €	+16.3%	1,1 M €	-8.8%	1,2 M €	+5.3%	1,1 M €	-13.0%	1,3 M €	+190%	446,1 k €	-18.7%	548,5 k €	-6.6%	587,5 k €	+27.5%	460,7 k €	+35.5%	340 k €	-8.9%	373,3 k €	-8.5%	408 k €	-12.9%	468,4 k €	-11.0%	526,1 k €	+17.6%	447,2 k €	+17.3%	381,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Alex De Baets

Director

Active

Ended mandates

Alex De Baets

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	28/08/2026	27/08/2025	23/08/2024	19/09/2023	22/08/2022	29/07/2021
General meeting	15/06/2026	16/06/2025	17/06/2024	19/06/2023	21/03/2022	15/03/2021
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	15/06/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	16/06/2025	27/08/2025	Dutch	PDF
Abridged model	31/12/2023	17/06/2024	23/08/2024	Dutch	PDF
Micro model	31/12/2022	19/06/2023	19/09/2023	Dutch	PDF
Micro model	31/12/2021	21/03/2022	22/08/2022	Dutch	PDF
Micro model	31/12/2020	15/03/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2019	16/03/2020	19/08/2020	Dutch	PDF
Abridged model	31/12/2018	18/03/2019	29/04/2019	Dutch	PDF
Abridged model	31/12/2017	19/03/2018	02/05/2018	Dutch	PDF
Abridged model	31/12/2016	20/03/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	21/03/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	16/03/2015	09/10/2015	Dutch	PDF
Abridged model	31/12/2013	17/03/2014	31/10/2014	Dutch	PDF
Abridged model	31/12/2012	18/03/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	19/03/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	21/03/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/03/2010	06/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	16/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 1 active · 1 ended

Active mandates

Alex De Baets

Director

Active

Ended mandates

Alex De Baets

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/12/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares21/12/2017
KAPITAAL - AANDELEN
PDF
Capital / shares17/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/04/2005
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares25/09/2003
BENAMING - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025259,3 k €↑
2024
Annual accounts 2024221 k €↑
2023
Annual accounts 2023209,3 k €↓
2022
Annual accounts 2022233,1 k €↓
2021
Annual accounts 2021290 k €↓
2020
Annual accounts 2020298,1 k €↑
2019
Annual accounts 2019256,3 k €↑
2018
Annual accounts 2018230,7 k €↑
2017
Annual accounts 2017159,4 k €↓
2016
Annual accounts 2016233,9 k €↑
2015
Annual accounts 2015142,8 k €↑
2014
Annual accounts 201480,4 k €↑
2013
Annual accounts 201353,4 k €↓
2012
Annual accounts 2012483,7 k €↑
2011
Annual accounts 201132,7 k €↑
2010
Annual accounts 201019,4 k €↑
2009
Annual accounts 20098,1 k €↑
2008
Annual accounts 20083,3 k €↓
2007
Annual accounts 200777,4 k €↑
2006
Annual accounts 200650,2 k €
18/12/1995
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

ADEBACO

Overview

What does ADEBACO do?

Trend over 20 financial years

Indicative valuation

Board of directors

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