ACTIVE

AD CLEF

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Financial year 2025 · closed on 31/12/2025

Net result

-35,3 k €

-121.6% YoY

Gross margin

33,9 k €

-6.4% YoY

Equity

319,2 k €

-22.1% YoY

What does AD CLEF do?

AD CLEF is a Private limited company incorporated in 1996. Its registered office is in Olne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.164.544

Incorporation

06/11/1996

Legal form

Private limited company

Registered office

Fosses Berger 33
4877 Olne · WallonieSee on map

Contributed capital

12 394,67 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidityPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	33,9 k €	-6.4%	36,2 k €	-37.1%	57,5 k €	+4.3%	55,1 k €	+17.5%	46,9 k €	+7.4%	43,7 k €	+21.8%	35,9 k €	-45.7%	66 k €	-7.9%	71,7 k €	+8.8%	65,9 k €	+21.1%	54,4 k €	-10.4%	60,7 k €	+6.3%	57,2 k €	+31.9%	43,3 k €	+16.2%	37,3 k €	+1.3%	36,8 k €
EBITDA	29,1 k €	-6.6%	31,2 k €	-39.9%	51,9 k €	+3.8%	50 k €	+20.5%	41,5 k €	+7.1%	38,8 k €	+25.8%	30,8 k €	-49.4%	60,9 k €	-9.0%	66,9 k €	+9.7%	61 k €	+22.1%	50 k €	-11.0%	56,1 k €	+6.7%	52,6 k €	+31.0%	40,2 k €	+17.1%	34,3 k €	+1.3%	33,9 k €
Operating result	14,4 k €	-14.0%	16,7 k €	-51.9%	34,7 k €	-0.4%	34,9 k €	+42.6%	24,4 k €	+10.9%	22 k €	+56.3%	14,1 k €	-68.0%	44,1 k €	-11.4%	49,8 k €	+12.3%	44,3 k €	+28.8%	34,4 k €	-15.2%	40,6 k €	+8.0%	37,6 k €	+49.5%	25,1 k €	-6.3%	26,8 k €	+4.3%	25,7 k €
Net result	-35,3 k €	-122%	163,7 k €	+600%	23,4 k €	-12.1%	26,6 k €	+84.5%	14,4 k €	-4.9%	15,2 k €	+906%	-1,9 k €	-108%	24,9 k €	-23.8%	32,7 k €	+8.3%	30,2 k €	+70.8%	17,7 k €	-25.6%	23,7 k €	-15.4%	28,1 k €	+186%	9,8 k €	-14.4%	11,5 k €	-40.0%	19,1 k €
Balance sheet
Equity	319,2 k €	-22.1%	410 k €	+50.6%	272,3 k €	-1.0%	275 k €	+0.6%	273,4 k €	+0.5%	272 k €	-5.2%	286,8 k €	-0.7%	288,7 k €	+9.4%	263,8 k €	+14.1%	231,1 k €	+15.0%	200,9 k €	+9.6%	183,3 k €	+14.9%	159,6 k €	+21.3%	131,5 k €	+8.1%	121,7 k €	+10.4%	110,3 k €
Total assets	401,9 k €	-10.7%	449,9 k €	+41.2%	318,5 k €	-0.1%	318,9 k €	-3.5%	330,5 k €	-11.8%	374,8 k €	+3.0%	363,9 k €	-6.4%	388,6 k €	+0.1%	388 k €	+3.6%	374,6 k €	-0.1%	374,9 k €	-3.7%	389,1 k €	-1.1%	393,5 k €	-1.3%	398,6 k €	+114%	185,9 k €	-4.2%	194,1 k €
Cash	41,2 k €	+19.8%	34,4 k €	-19.8%	42,9 k €	-20.5%	54 k €	+3.5%	52,1 k €	-21.9%	66,8 k €	+34.7%	49,6 k €	-14.7%	58,1 k €	+42.3%	40,8 k €	+180%	14,6 k €	-3.8%	15,2 k €	-6.5%	16,2 k €	+58.8%	10,2 k €	+6936%	145 €	-96.7%	4,4 k €	-9.8%	4,9 k €
Debts	82,1 k €	+106%	39,9 k €	-13.7%	46,2 k €	+6.1%	43,5 k €	-23.4%	56,8 k €	-44.7%	102,7 k €	+33.3%	77 k €	-22.9%	99,9 k €	-18.2%	122,1 k €	-14.9%	143,5 k €	-17.5%	173,9 k €	-15.5%	205,8 k €	-12.0%	233,9 k €	-12.4%	267,1 k €	+316%	64,2 k €	-23.5%	83,8 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 31/12/2025 · 1 active · 1 ended

Active mandates

Dominique BOLAND

Mandate

Active

Ended mandates

ALAIN CHRISTOPHE

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	06/06/2026	13/06/2025	05/06/2024	05/06/2023	07/06/2022	07/06/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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
Micro model	31/12/2025	06/06/2026	06/06/2026	French	PDF
Micro model	31/12/2024	07/06/2025	13/06/2025	French	PDF
Micro model	31/12/2023	01/06/2024	05/06/2024	French	PDF
Micro model	31/12/2022	03/06/2023	05/06/2023	French	PDF
Micro model	31/12/2021	04/06/2022	07/06/2022	French	PDF
Micro model	31/12/2020	05/06/2021	07/06/2021	French	PDF
Abridged model	31/12/2019	01/06/2020	17/06/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	10/07/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	12/07/2018	French	PDF
Abridged model	31/12/2016	05/06/2017	10/07/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	11/07/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	09/07/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	07/07/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	15/07/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	12/07/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	11/07/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	09/07/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	15/07/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	31/07/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	20/07/2007	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 31/12/2025 · 1 active · 1 ended

Active mandates

Dominique BOLAND

Mandate

Active

Ended mandates

ALAIN CHRISTOPHE

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/12/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
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 2025-35,3 k €↓
2024
Annual accounts 2024163,7 k €↑
2023
Annual accounts 202323,4 k €↓
2022
Annual accounts 202226,6 k €↑
2021
Annual accounts 202114,4 k €↓
2020
Annual accounts 202015,2 k €↑
2019
Annual accounts 2019-1,9 k €↓
2018
Annual accounts 201824,9 k €↓
2017
Annual accounts 201732,7 k €↑
2016
Annual accounts 201630,2 k €↑
2015
Annual accounts 201517,7 k €↓
2014
Annual accounts 201423,7 k €↓
2013
Annual accounts 201328,1 k €↑
2012
Annual accounts 20129,8 k €↓
2011
Annual accounts 201111,5 k €↓
2010
Annual accounts 201019,1 k €
06/11/1996
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

AD CLEF

Overview

What does AD CLEF do?

Trend over 16 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