ACTIVE

ADVANCED COATING

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Financial year 2025 · closed on 31/12/2025
Net result
71 k €
+14.8% YoY
Gross margin
1,6 M €
+12.0% YoY
Equity
1,5 M €
+6.8% YoY
Workforce
14,2 ETP
+10.9% YoY

What does ADVANCED COATING do?

ADVANCED COATING is a Public limited company incorporated in 1996. Its registered office is in Liège. It employs on average 14,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0458.085.072
Incorporation
19/06/1996
Legal form
Public limited company
Registered office
Rue de l'Avouerie 7
4000 Liège · WallonieSee on map
Contributed capital
1 950 000,00 €
Latest accounts
31/12/2025
Average workforce
14,2 ETP
Joint committees (6)
  • 100
  • 111
  • 1110
  • 200
  • 209
  • 2090
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin1,6 M €1,4 M €856,7 k €1,2 M €1,1 M €941,8 k €1 M €1,3 M €1,4 M €1,4 M €1,2 M €1,6 M €1,8 M €1,5 M €1,4 M €1,3 M €969,8 k €1,3 M €1,1 M €906 k €
EBITDA401,5 k €351 k €223,5 k €368,9 k €163,9 k €330,3 k €-43,8 k €318,3 k €381,6 k €160,3 k €60,9 k €288 k €494,8 k €401,1 k €476,1 k €367,7 k €111,7 k €340,4 k €350,9 k €64,3 k €
Operating result169,2 k €176,9 k €112,8 k €190,8 k €-41,6 k €24 k €-307,8 k €50,7 k €110,9 k €-184,1 k €-364,7 k €-156,8 k €40,1 k €-34,1 k €147,9 k €25,5 k €-207,2 k €-28,7 k €33,9 k €-156 k €
Net result71 k €61,9 k €29,5 k €107 k €-117,6 k €-38,8 k €-360,6 k €17,1 k €93,5 k €-167 k €-408 k €-202 k €31,2 k €1,9 k €59,4 k €-54,8 k €-323,4 k €-94,2 k €23,1 k €-117,7 k €
Balance sheet
Equity1,5 M €1,4 M €1,3 M €1,3 M €1,2 M €1,3 M €1,4 M €1,8 M €1,8 M €1,5 M €1,6 M €2,1 M €2,2 M €2,2 M €2,2 M €2,2 M €2,1 M €2,8 M €732,7 k €554,6 k €
Total assets3,9 M €3,2 M €3,2 M €3,1 M €3,2 M €3,5 M €3,7 M €4,2 M €3,7 M €3,8 M €3,6 M €4,8 M €4,8 M €4,5 M €4,4 M €4,5 M €4,7 M €5,3 M €3,4 M €2,4 M €
Cash157,8 k €103,5 k €81,1 k €37,3 k €90,5 k €235,9 k €119,4 k €177,2 k €116,5 k €38,3 k €52,8 k €297,3 k €69,9 k €34,4 k €232,9 k €123,4 k €51,1 k €144,9 k €31,2 k €44,8 k €
Debts2,4 M €1,8 M €1,8 M €1,7 M €1,9 M €2,1 M €2,3 M €2,3 M €1,8 M €2,3 M €2 M €2,7 M €2,5 M €2,3 M €2,2 M €2,3 M €2,6 M €2,5 M €2,6 M €1,6 M €
Other
Workforce14,2 ETP12,8 ETP12,8 ETP11,3 ETP14,0 ETP16,0 ETP––––21,7 ETP22,8 ETP22,8 ETP20,5 ETP17,9 ETP19,6 ETP18,2 ETP18,1 ETP16,6 ETP17,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 44 ended

Active mandates

EXPECT

Managing director · 0553.807.543

Represented by Janssen Pierre-Philippe

Active
NOSHAQ PARTNERS

Director · 0808.219.836

Represented by Stéphane Dumoulin

Active
SAGEPRO

Director · until 29 avril 2025 · 0431.972.375

Represented by Limbort Alfred

Active

Ended mandates

JEAN-PIERRE JANSSEN

Managing director · since 17 novembre 2020 · until 30 septembre 2014

Ended
NOSHAQ PARTNERS

Director · since 31 octobre 2014 · until 23 octobre 2020 · 0808.219.836

Represented by STEPHANE DUMOULIN

Ended
EXPECT

Director · since 23 octobre 2014 · until 23 octobre 2020 · 0553.807.543

Represented by PIERRE-PHILIPPE JANSSEN

Ended
EXPECT

Director · since 23 octobre 2014 · until 23 octobre 2020 · 0553.807.543

Represented by JANSSEN PIERRE-PHILIPPE

Ended
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Annual accounts

Full financial information

202520242023202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/05/202301/05/202201/05/202101/05/2020
Closing of the financial year31/12/202531/12/202431/12/202330/04/202330/04/202230/04/2021
Length of the financial year12 months12 months8 months12 months12 months12 months
Filing date28/07/202630/08/202529/07/202414/11/202322/11/202229/11/2021
General meeting29/06/202630/06/202524/06/202428/09/202328/10/202229/10/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/06/202628/07/2026FrenchPDF
Abridged model31/12/202430/06/202530/08/2025FrenchPDF
Abridged model31/12/202324/06/202429/07/2024FrenchPDF
Abridged model30/04/202328/09/202314/11/2023FrenchPDF
Abridged model30/04/202228/10/202222/11/2022FrenchPDF
Abridged model30/04/202129/10/202129/11/2021FrenchPDF
Abridged model30/04/202030/10/202030/11/2020FrenchPDF
Abridged model30/04/201929/11/201905/12/2019FrenchPDF
Abridged model30/04/201830/10/201830/11/2018FrenchPDF
Abridged model30/04/201730/10/201723/11/2017FrenchPDF
Abridged model30/04/201628/11/201629/11/2016FrenchPDF
Abridged model30/04/201530/11/201528/12/2015FrenchPDF
Abridged model30/04/201423/10/201428/11/2014FrenchPDF
Abridged model30/04/201326/09/201322/11/2013FrenchPDF
Abridged model30/04/201227/09/201230/11/2012FrenchPDF
Abridged model30/04/201122/09/201129/11/2011FrenchPDF
Abridged model30/04/201023/09/201026/11/2010FrenchPDF
Abridged model30/04/200924/09/200930/11/2009FrenchPDF
Abridged model30/04/200831/07/200807/08/2008FrenchPDF
Abridged model30/04/200731/10/200731/01/2008FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 3 active · 44 ended

Active mandates

EXPECT

Managing director · 0553.807.543

Represented by Janssen Pierre-Philippe

Active
NOSHAQ PARTNERS

Director · 0808.219.836

Represented by Stéphane Dumoulin

Active
SAGEPRO

Director · until 29 avril 2025 · 0431.972.375

Represented by Limbort Alfred

Active

Ended mandates

JEAN-PIERRE JANSSEN

Managing director · since 17 novembre 2020 · until 30 septembre 2014

Ended
NOSHAQ PARTNERS

Director · since 31 octobre 2014 · until 23 octobre 2020 · 0808.219.836

Represented by STEPHANE DUMOULIN

Ended
EXPECT

Director · since 23 octobre 2014 · until 23 octobre 2020 · 0553.807.543

Represented by PIERRE-PHILIPPE JANSSEN

Ended
EXPECT

Director · since 23 octobre 2014 · until 23 octobre 2020 · 0553.807.543

Represented by JANSSEN PIERRE-PHILIPPE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates08/04/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/04/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares12/07/2017
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates13/01/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares18/06/2010
    CAPITAL, ACTIONS
    PDF
  • Mandates14/04/2009
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates28/01/2009
    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

Timeline

  1. 2025
    Annual accounts 202571 k €↑
  2. 2024
    Annual accounts 202461,9 k €↑
  3. 2023
    Annual accounts 202329,5 k €↓
  4. 2023
    Annual accounts 2023107 k €↑
  5. 2022
    Annual accounts 2022-117,6 k €↓
  6. 2021
    Annual accounts 2021-38,8 k €↑
  7. 2020
    Annual accounts 2020-360,6 k €↓
  8. 2019
    Annual accounts 201917,1 k €↓
  9. 2018
    Annual accounts 201893,5 k €↑
  10. 2017
    Annual accounts 2017-167 k €↑
  11. 2016
    Annual accounts 2016-408 k €↓
  12. 2015
    Annual accounts 2015-202 k €↓
  13. 2014
    Annual accounts 201431,2 k €↑
  14. 2013
    Annual accounts 20131,9 k €↓
  15. 2012
    Annual accounts 201259,4 k €↑
  16. 2011
    Annual accounts 2011-54,8 k €↑
  17. 2010
    Annual accounts 2010-323,4 k €↓
  18. 2009
    Annual accounts 2009-94,2 k €↓
  19. 2008
    Annual accounts 200823,1 k €↑
  20. 2007
    Annual accounts 2007-117,7 k €
  21. 19/06/1996
    IncorporationPublic limited company